Document:

Unassociated Document

     

     

    
       
        
          

        

      

      

      FINANCIAL
        ASSET SECURITIES CORP.,

    

    Depositor

     

     

    OPTION
      ONE MORTGAGE CORPORATION,

    Servicer

     

     

    and

     

    WELLS
      FARGO BANK, N.A.,

    Trustee

     

    

    

    POOLING
      AND SERVICING AGREEMENT

     

    Dated
      as
      of July 1, 2007

     

    

     

     

    ___________________________

     

    
      Soundview
        Home Loan Trust 2007-OPT2

       

      Asset-Backed
        Certificates, Series 2007-OPT2

       

      
        
 

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

    

    TABLE
      OF CONTENTS

     

    
      	
              ARTICLE
                I

            
	 	 
	
              DEFINITIONS 

            
	
              SECTION
                1.01

            	
              Defined
                Terms.

            
	
              SECTION
                1.02

            	
              Accounting.

            
	
              SECTION
                1.03

            	
              Allocation
                of Certain Interest Shortfalls.

            
	
              SECTION
                1.04

            	
              Rights
                of the NIMS Insurer.

            
	
               

              ARTICLE
                II

            
	 	 
	
              CONVEYANCE
                OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES

            
	
              SECTION
                2.01

            	
              Conveyance
                of Mortgage Loans.

            
	
              SECTION
                2.02

            	
              Acceptance
                by Trustee.

            
	
              SECTION
                2.03

            	
              Repurchase
                or Substitution of Mortgage Loans by the Originator or the
                Seller.

            
	
              SECTION
                2.04

            	
              [Reserved].

            
	
              SECTION
                2.05

            	
              Representations,
                Warranties and Covenants of the Servicer.

            
	
              SECTION
                2.06

            	
              Representations
                and Warranties of the Depositor.

            
	
              SECTION
                2.07

            	
              Issuance
                of Certificates.

            
	
              SECTION
                2.08

            	
              Authorization
                to Enter into Basis Risk Cap Agreement, Interest Rate Cap Agreement
                and
                Interest Rate Swap Agreement.

            
	
              SECTION
                2.09

            	
              Acceptance
                of REMIC 1, REMIC 2, REMIC 3, REMIC 4, REMIC 5 and REMIC 6 by the
                Trustee;
                Conveyance of REMIC 1 Regular Interests, Class C Interest and Class
                P
                Interest; Issuance of Certificates.

            
	
               

              ARTICLE
                III

            
	 	 
	
              ADMINISTRATION
                AND SERVICING OF THE MORTGAGE LOANS

            
	
              SECTION
                3.01

            	
              Servicer
                to Act as Servicer.

            
	
              SECTION
                3.02

            	
              Sub-Servicing
                Agreements Between Servicer and Sub-Servicers.

            
	
              SECTION
                3.03

            	
              Successor
                Sub-Servicers.

            
	
              SECTION
                3.04

            	
              Liability
                of the Servicer.

            
	
              SECTION
                3.05

            	
              No
                Contractual Relationship Between Sub-Servicers and the NIMS Insurer,
                the
                Trustee or Certificateholders.

            
	
              SECTION
                3.06

            	
              Assumption
                or Termination of Sub-Servicing Agreements by Trustee.

            
	
              SECTION
                3.07

            	
              Collection
                of Certain Mortgage Loan Payments.

            
	
              SECTION
                3.08

            	
              Sub-Servicing
                Accounts.

            
	
              SECTION
                3.09

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

            
	
              SECTION
                3.10

            	
              Collection
                Account and Distribution Account.

            
	
              SECTION
                3.11

            	
              Withdrawals
                from the Collection Account and Distribution Account.

            
	
              SECTION
                3.12

            	
              Investment
                of Funds in the Collection Account and the Distribution
                Account.

            
	
              SECTION
                3.13

            	
              [Reserved].

            
	
              SECTION
                3.14

            	
              Maintenance
                of Hazard Insurance and Errors and Omissions and Fidelity
                Coverage.

            
	
              SECTION
                3.15

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

            
	
              SECTION
                3.16

            	
              Realization
                Upon Defaulted Mortgage Loans.

            
	
              SECTION
                3.17

            	
              Trustee
                to Cooperate; Release of Mortgage Files.

            
	
              SECTION
                3.18

            	
              Servicing
                Compensation.

            
	
              SECTION
                3.19

            	
              Reports
                to the Trustee; Collection Account Statements.

            
	
              SECTION
                3.20

            	
              Statement
                of Compliance.

            
	
              SECTION
                3.21

            	
              Assessments
                of Compliance and Attestation Reports.

            
	
              SECTION
                3.22

            	
              Access
                to Certain Documentation; Filing of Reports by Trustee.

            
	
              SECTION
                3.23

            	
              Title,
                Management and Disposition of REO Property.

            
	
              SECTION
                3.24

            	
              Obligations
                of the Servicer in Respect of Prepayment Interest
                Shortfalls.

            
	
              SECTION
                3.25

            	
              [Reserved].

            
	
              SECTION
                3.26

            	
              Obligations
                of the Servicer in Respect of Mortgage Rates and Monthly
                Payments.

            
	
              SECTION
                3.27

            	
              Solicitations.

            
	
              SECTION
                3.28

            	
              [Reserved].

            
	
              SECTION
                3.29

            	
              Advance
                Facility.

            
	
               

              ARTICLE
                IV

            
	 	 
	
              FLOW
                OF FUNDS

            
	
              SECTION
                4.01

            	
              Distributions.

            
	
              SECTION
                4.02

            	
              [Reserved].

            
	
              SECTION
                4.03

            	
              Statements.

            
	
              SECTION
                4.04

            	
              Remittance
                Reports; Advances.

            
	
              SECTION
                4.05

            	
              Commission
                Reporting.

            
	
              SECTION
                4.06

            	
              Net
                WAC Rate Carryover Reserve Account.

            
	
              SECTION
                4.07

            	
              Distributions
                on the REMIC Regular Interests.

            
	
              SECTION
                4.08

            	
              Allocation
                of Realized Losses.

            
	
              SECTION
                4.09

            	
              Swap
                Account.

            
	
              SECTION
                4.10

            	
              Tax
                Treatment of Swap Payments and Swap Termination
                Payments.

            
	
              SECTION
                4.11

            	
              Cap
                Account.

            
	
              SECTION
                4.12

            	
              Collateral
                Accounts

            
	
              SECTION
                4.13

            	
              Rights
                and Obligations Under the Basis Risk Cap Agreement, the Interest
                Rate Cap
                Agreement and the Interest Rate Swap Agreement.

            
	
               

              ARTICLE
                V

            
	 	 
	
              THE
                CERTIFICATES

            
	
              SECTION
                5.01

            	
              The
                Certificates.

            
	
              SECTION
                5.02

            	
              Registration
                of Transfer and Exchange of Certificates.

            
	
              SECTION
                5.03

            	
              Mutilated,
                Destroyed, Lost or Stolen Certificates.

            
	
              SECTION
                5.04

            	
              Persons
                Deemed Owners.

            
	
              SECTION
                5.05

            	
              Appointment
                of Paying Agent.

            
	
               

              ARTICLE
                VI

            
	 	 
	
              THE
                SERVICER AND THE DEPOSITOR

            
	
              SECTION
                6.01

            	
              Liability
                of the Servicer and the Depositor.

            
	
              SECTION
                6.02

            	
              Merger
                or Consolidation of, or Assumption of the Obligations of, the Servicer
                or
                the Depositor.

            
	
              SECTION
                6.03

            	
              Limitation
                on Liability of the Servicer and Others.

            
	
              SECTION
                6.04

            	
              Servicer
                Not to Resign.

            
	
              SECTION
                6.05

            	
              Delegation
                of Duties.

            
	
              SECTION
                6.06

            	
              [Reserved].

            
	
              SECTION
                6.07

            	
              Inspection.

            
	
               

              ARTICLE
                VII

            
	 	 
	
              DEFAULT

            
	
              SECTION
                7.01

            	
              Servicer
                Events of Termination.

            
	
              SECTION
                7.02

            	
              Trustee
                to Act; Appointment of Successor.

            
	
              SECTION
                7.03

            	
              Waiver
                of Defaults.

            
	
              SECTION
                7.04

            	
              Notification
                to Certificateholders.

            
	
              SECTION
                7.05

            	
              Survivability
                of Servicer Liabilities.

            
	
               

              ARTICLE
                VIII

            
	 	 
	
              THE
                TRUSTEE

            
	
              SECTION
                8.01

            	
              Duties
                of Trustee.

            
	
              SECTION
                8.02

            	
              Certain
                Matters Affecting the Trustee.

            
	
              SECTION
                8.03

            	
              Trustee
                Not Liable for Certificates or Mortgage Loans.

            
	
              SECTION
                8.04

            	
              Trustee
                May Own Certificates.

            
	
              SECTION
                8.05

            	
              Trustee
                Compensation, Custodial Fee and Expenses.

            
	
              SECTION
                8.06

            	
              Eligibility
                Requirements for Trustee.

            
	
              SECTION
                8.07

            	
              Resignation
                or Removal of Trustee.

            
	
              SECTION
                8.08

            	
              Successor
                Trustee.

            
	
              SECTION
                8.09

            	
              Merger
                or Consolidation of Trustee.

            
	
              SECTION
                8.10

            	
              Appointment
                of Co-Trustee or Separate Trustee.

            
	
              SECTION
                8.11

            	
              Limitation
                of Liability.

            
	
              SECTION
                8.12

            	
              Trustee
                May Enforce Claims Without Possession of Certificates.

            
	
              SECTION
                8.13

            	
              Suits
                for Enforcement.

            
	
              SECTION
                8.14

            	
              Waiver
                of Bond Requirement.

            
	
              SECTION
                8.15

            	
              Waiver
                of Inventory, Accounting and Appraisal Requirement.

            
	
               

              ARTICLE
                IX

            
	 	 
	
              REMIC
                ADMINISTRATION

            
	
              SECTION
                9.01

            	
              REMIC
                Administration.

            
	
              SECTION
                9.02

            	
              Prohibited
                Transactions and Activities.

            
	
              SECTION
                9.03

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

            
	
               

              ARTICLE
                X

            
	 	 
	
              TERMINATION

            
	
              SECTION
                10.01

            	
              Termination.

            
	
              SECTION
                10.02

            	
              Additional
                Termination Requirements.

            
	
               

              ARTICLE
                XI

            
	 	 
	
              MISCELLANEOUS
                PROVISIONS

            
	
              SECTION
                11.01

            	
              Amendment.

            
	
              SECTION
                11.02

            	
              Recordation
                of Agreement; Counterparts.

            
	
              SECTION
                11.03

            	
              Limitation
                on Rights of Certificateholders.

            
	
              SECTION
                11.04

            	
              Governing
                Law; Jurisdiction.

            
	
              SECTION
                11.05

            	
              Notices.

            
	
              SECTION
                11.06

            	
              Severability
                of Provisions.

            
	
              SECTION
                11.07

            	
              Article
                and Section References.

            
	
              SECTION
                11.08

            	
              Notice
                to the Rating Agencies and the NIMS Insurer.

            
	
              SECTION
                11.09

            	
              Further
                Assurances.

            
	
              SECTION
                11.10

            	
              Third
                Party Rights.

            
	
              SECTION
                11.11

            	
              Benefits
                of Agreement.

            
	
              SECTION
                11.12

            	
              Acts
                of Certificateholders.

            
	
              SECTION
                11.13

            	
              Intention
                of the Parties and Interpretation.

            

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        	
                Exhibits:

                 

              	 
	
                Exhibit
                  A-1

              	
                Form
                  of Class I-A-1 Certificates

              
	
                Exhibit
                  A-2

              	
                Form
                  of Class II-A-1 Certificates

              
	
                Exhibit
                  A-3

              	
                Form
                  of Class II-A-2 Certificates

              
	
                Exhibit
                  A-4

              	
                Form
                  of Class II-A-3 Certificates

              
	
                Exhibit
                  A-5

              	
                Form
                  of Class II-A-4 Certificates

              
	
                Exhibit
                  A-6

              	
                Form
                  of Class M-1 Certificates

              
	
                Exhibit
                  A-7

              	
                Form
                  of Class M-2 Certificates

              
	
                Exhibit
                  A-8

              	
                Form
                  of Class M-3 Certificates

              
	
                Exhibit
                  A-9

              	
                Form
                  of Class M-4 Certificates

              
	
                Exhibit
                  A-10

              	
                Form
                  of Class M-5 Certificates

              
	
                Exhibit
                  A-11

              	
                Form
                  of Class M-6 Certificates

              
	
                Exhibit
                  A-12

              	
                Form
                  of Class M-7 Certificates

              
	
                Exhibit
                  A-13

              	
                Form
                  of Class M-8 Certificates

              
	
                Exhibit
                  A-14

              	
                Form
                  of Class M-9 Certificates

              
	
                Exhibit
                  A-15

              	
                Form
                  of Class M-10 Certificates

              
	
                Exhibit
                  A-16

              	
                Form
                  of Class C Certificates

              
	
                Exhibit
                  A-17

              	
                Form
                  of Class P Certificates

              
	
                Exhibit
                  A-18

              	
                Form
                  of Class L Certificates

              
	
                Exhibit
                  A-19

              	
                Form
                  of Class R Certificates

              
	
                Exhibit
                  A-20

              	
                Form
                  of Class R-X Certificates

              
	
                Exhibit
                  B

              	
                [Reserved]

              
	
                Exhibit
                  C

              	
                Form
                  of Assignment Agreement

              
	
                Exhibit
                  D

              	
                Mortgage
                  Loan Schedule

              
	
                Exhibit
                  E

              	
                Request
                  for Release

              
	
                Exhibit
                  F-1

              	
                Form
                  of Trustee’s Initial Certification

              
	
                Exhibit
                  F-2

              	
                Form
                  of Trustee’s Final Certification

              
	
                Exhibit
                  F-3

              	
                Form
                  of Receipt of Mortgage Note

              
	
                Exhibit
                  G

              	
                Form
                  of Cap Allocation Agreement

              
	
                Exhibit
                  H

              	
                Form
                  of Lost Note Affidavit

              
	
                Exhibit
                  I

              	
                Form
                  of Limited Power of Attorney

              
	
                Exhibit
                  J

              	
                Form
                  of Investment Letter

              
	
                Exhibit
                  K

              	
                Form
                  of Transfer Affidavit for Residual Certificates

              
	
                Exhibit
                  L

              	
                Form
                  of Transferor Certificate

              
	
                Exhibit
                  M

              	
                Form
                  of ERISA Representation Letter

              
	
                Exhibit
                  N-1

              	
                Form
                  of Certification to be Provided by the Depositor with Form 10
                  K

              
	
                Exhibit
                  N-2

              	
                Form
                  of Certification to be Provided to the Depositor by the
                  Trustee

              
	
                Exhibit
                  N-3

              	
                Form
                  of Certification to be Provided to the Depositor by the
                  Servicer

              
	
                Exhibit
                  O

              	
                Form
                  of Interest Rate Cap Agreement

              
	
                Exhibit
                  P

              	
                Form
                  of Basis Risk Cap Agreement

              
	
                Exhibit
                  Q

              	
                Form
                  of Interest Rate Swap Agreement

              
	
                Exhibit
                  R

              	
                Servicing
                  Criteria

              
	
                Exhibit
                  S

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

              
	
                Schedule
                  I

              	
                Prepayment
                  Charge Schedule

              

      

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    This
      Pooling and Servicing Agreement is dated as of July 1, 2007 (the “Agreement”),
      among FINANCIAL ASSET SECURITIES CORP., as depositor (the “Depositor”), OPTION
      ONE MORTGAGE CORPORATION, as servicer (the “Servicer”) and WELLS FARGO BANK,
      N.A., 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 twenty classes of
      certificates, designated as (i) the Class I-A-1 Certificates, (ii) the Class
      II-A-1 Certificates, (iii) the Class II-A-2 Certificates, (iv) Class II-A-3
      Certificates, (v) the Class II-A-4 Certificates, (vi) the Class M-1 Certificates
      (vii) the Class M-2 Certificates, (vii) the Class M-3 Certificates, (ix) the
      Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class M-6
      Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8
      Certificates, (xiv) the Class M-9 Certificates, (xv) the Class M-10
      Certificates, (xvi) the Class C Certificates, (xvii) the Class P Certificates,
      (xviii) the Class L Certificates, (xix) the Class R Certificates and (xx) the
      Class R-X Certificates.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    REMIC
      1

     

    As
      provided herein, the Trustee shall elect to treat the segregated pool of assets
      consisting of the Mortgage Loans and certain other related assets subject to
      this Agreement (exclusive of the Net WAC Rate Carryover Reserve Account, the
      Swap Account, any Servicer Prepayment Charge Payment Amounts, the Supplemental
      Interest Trust, the Cap Trust, the Interest Rate Cap Agreement, the Cap Account,
      the Cap Allocation Agreement, the Interest Rate Swap Agreement and the Basis
      Risk Cap Agreement) as a REMIC for federal income tax purposes, and such
      segregated pool of assets shall be designated as “REMIC 1.”  The Class
      R-1 Interest shall represent 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 shall be
      certificated.

    
      	
              Designation

            	 	
               

              Uncertificated
                REMIC 1

              Pass-Through
                Rate

            	 	
               

              Initial

              Uncertificated
                Principal Balance

            	 	
               

              Latest
                Possible

              Maturity
                Date(1)

            
	
              I

            	 	
              Variable(2)

            	 	
              $

            	
              19,384,106.76

            	 	
              July
                25, 2037

            
	
              I-1-A

            	 	
              Variable(2)

            	 	
              $

            	
              6,557,468.75

            	 	
              July
                25, 2037

            
	
              I-1-B

            	 	
              Variable(2)

            	 	
              $

            	
              6,557,468.75

            	 	
              July
                25, 2037

            
	
              I-2-A

            	 	
              Variable(2)

            	 	
              $

            	
              7,253,362.50

            	 	
              July
                25, 2037

            
	
              I-2-B

            	 	
              Variable(2)

            	 	
              $

            	
              7,253,362.50

            	 	
              July
                25, 2037

            
	
              I-3-A

            	 	
              Variable(2)

            	 	
              $

            	
              7,904,693.75

            	 	
              July
                25, 2037

            
	
              I-3-B

            	 	
              Variable(2)

            	 	
              $

            	
              7,904,693.75

            	 	
              July
                25, 2037

            
	
              I-4-A

            	 	
              Variable(2)

            	 	
              $

            	
              8,494,473.75

            	 	
              July
                25, 2037

            
	
              I-4-B

            	 	
              Variable(2)

            	 	
              $

            	
              8,494,473.75

            	 	
              July
                25, 2037

            
	
              I-5-A

            	 	
              Variable(2)

            	 	
              $

            	
              8,722,982.50

            	 	
              July
                25, 2037

            
	
              I-5-B

            	 	
              Variable(2)

            	 	
              $

            	
              8,722,982.50

            	 	
              July
                25, 2037

            
	
              I-6-A

            	 	
              Variable(2)

            	 	
              $

            	
              8,403,283.75

            	 	
              July
                25, 2037

            
	
              I-6-B

            	 	
              Variable(2)

            	 	
              $

            	
              8,403,283.75

            	 	
              July
                25, 2037

            
	
              I-7-A

            	 	
              Variable(2)

            	 	
              $

            	
              8,095,431.25

            	 	
              July
                25, 2037

            
	
              I-7-B

            	 	
              Variable(2)

            	 	
              $

            	
              8,095,431.25

            	 	
              July
                25, 2037

            
	
              I-8-A

            	 	
              Variable(2)

            	 	
              $

            	
              7,798,982.50

            	 	
              July
                25, 2037

            
	
              I-8-B

            	 	
              Variable(2)

            	 	
              $

            	
              7,798,982.50

            	 	
              July
                25, 2037

            
	
              I-9-A

            	 	
              Variable(2)

            	 	
              $

            	
              7,513,512.50

            	 	
              July
                25, 2037

            
	
              I-9-B

            	 	
              Variable(2)

            	 	
              $

            	
              7,513,512.50

            	 	
              July
                25, 2037

            
	
              I-10-A

            	 	
              Variable(2)

            	 	
              $

            	
              7,238,608.75

            	 	
              July
                25, 2037

            
	
              I-10-B

            	 	
              Variable(2)

            	 	
              $

            	
              7,238,608.75

            	 	
              July
                25, 2037

            
	
              I-11-A

            	 	
              Variable(2)

            	 	
              $

            	
              6,973,878.75

            	 	
              July
                25, 2037

            
	
              I-11-B

            	 	
              Variable(2)

            	 	
              $

            	
              6,973,878.75

            	 	
              July
                25, 2037

            
	
              I-12-A

            	 	
              Variable(2)

            	 	
              $

            	
              6,723,572.50

            	 	
              July
                25, 2037

            
	
              I-12-B

            	 	
              Variable(2)

            	 	
              $

            	
              6,723,572.50

            	 	
              July
                25, 2037

            
	
              I-13-A

            	 	
              Variable(2)

            	 	
              $

            	
              6,585,537.50

            	 	
              July
                25, 2037

            
	
              I-13-B

            	 	
              Variable(2)

            	 	
              $

            	
              6,585,537.50

            	 	
              July
                25, 2037

            
	
              I-14-A

            	 	
              Variable(2)

            	 	
              $

            	
              7,155,693.75

            	 	
              July
                25, 2037

            
	
              I-14-B

            	 	
              Variable(2)

            	 	
              $

            	
              7,155,693.75

            	 	
              July
                25, 2037

            
	
              I-15-A

            	 	
              Variable(2)

            	 	
              $

            	
              7,670,536.25

            	 	
              July
                25, 2037

            
	
              I-15-B

            	 	
              Variable(2)

            	 	
              $

            	
              7,670,536.25

            	 	
              July
                25, 2037

            
	
              I-16-A

            	 	
              Variable(2)

            	 	
              $

            	
              24,687,383.75

            	 	
              July
                25, 2037

            
	
              I-16-B

            	 	
              Variable(2)

            	 	
              $

            	
              24,687,383.75

            	 	
              July
                25, 2037

            
	
              I-17-A

            	 	
              Variable(2)

            	 	
              $

            	
              38,433,310.00

            	 	
              July
                25, 2037

            
	
              I-17-B

            	 	
              Variable(2)

            	 	
              $

            	
              38,433,310.00

            	 	
              July
                25, 2037

            
	
              I-18-A

            	 	
              Variable(2)

            	 	
              $

            	
              7,056,627.50

            	 	
              July
                25, 2037

            
	
              I-18-B

            	 	
              Variable(2)

            	 	
              $

            	
              7,056,627.50

            	 	
              July
                25, 2037

            
	
              I-19-A

            	 	
              Variable(2)

            	 	
              $

            	
              6,307,856.25

            	 	
              July
                25, 2037

            
	
              I-19-B

            	 	
              Variable(2)

            	 	
              $

            	
              6,307,856.25

            	 	
              July
                25, 2037

            
	
              I-20-A

            	 	
              Variable(2)

            	 	
              $

            	
              4,860,090.00

            	 	
              July
                25, 2037

            
	
              I-20-B

            	 	
              Variable(2)

            	 	
              $

            	
              4,860,090.00

            	 	
              July
                25, 2037

            
	
              I-21-A

            	 	
              Variable(2)

            	 	
              $

            	
              2,923,642.50

            	 	
              July
                25, 2037

            
	
              I-21-B

            	 	
              Variable(2)

            	 	
              $

            	
              2,923,642.50

            	 	
              July
                25, 2037

            
	
              I-22-A

            	 	
              Variable(2)

            	 	
              $

            	
              2,806,013.75

            	 	
              July
                25, 2037

            
	
              I-22-B

            	 	
              Variable(2)

            	 	
              $

            	
              2,806,013.75

            	 	
              July
                25, 2037

            
	
              I-23-A

            	 	
              Variable(2)

            	 	
              $

            	
              2,692,933.75

            	 	
              July
                25, 2037

            
	
              I-23-B

            	 	
              Variable(2)

            	 	
              $

            	
              2,692,933.75

            	 	
              July
                25, 2037

            
	
              I-24-A

            	 	
              Variable(2)

            	 	
              $

            	
              2,597,712.50

            	 	
              July
                25, 2037

            
	
              I-24-B

            	 	
              Variable(2)

            	 	
              $

            	
              2,597,712.50

            	 	
              July
                25, 2037

            
	
              I-25-A

            	 	
              Variable(2)

            	 	
              $

            	
              2,480,571.25

            	 	
              July
                25, 2037

            
	
              I-25-B

            	 	
              Variable(2)

            	 	
              $

            	
              2,480,571.25

            	 	
              July
                25, 2037

            
	
              I-26-A

            	 	
              Variable(2)

            	 	
              $

            	
              2,423,417.50

            	 	
              July
                25, 2037

            
	
              I-26-B

            	 	
              Variable(2)

            	 	
              $

            	
              2,423,417.50

            	 	
              July
                25, 2037

            
	
              I-27-A

            	 	
              Variable(2)

            	 	
              $

            	
              2,350,566.25

            	 	
              July
                25, 2037

            
	
              I-27-B

            	 	
              Variable(2)

            	 	
              $

            	
              2,350,566.25

            	 	
              July
                25, 2037

            
	
              I-28-A

            	 	
              Variable(2)

            	 	
              $

            	
              2,508,573.75

            	 	
              July
                25, 2037

            
	
              I-28-B

            	 	
              Variable(2)

            	 	
              $

            	
              2,508,573.75

            	 	
              July
                25, 2037

            
	
              I-29-A

            	 	
              Variable(2)

            	 	
              $

            	
              2,684,417.50

            	 	
              July
                25, 2037

            
	
              I-29-B

            	 	
              Variable(2)

            	 	
              $

            	
              2,684,417.50

            	 	
              July
                25, 2037

            
	
              I-30-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,978,863.75

            	 	
              July
                25, 2037

            
	
              I-30-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,978,863.75

            	 	
              July
                25, 2037

            
	
              I-31-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,901,186.25

            	 	
              July
                25, 2037

            
	
              I-31-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,901,186.25

            	 	
              July
                25, 2037

            
	
              I-32-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,826,721.25

            	 	
              July
                25, 2037

            
	
              I-32-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,826,721.25

            	 	
              July
                25, 2037

            
	
              I-33-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,755,327.50

            	 	
              July
                25, 2037

            
	
              I-33-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,755,327.50

            	 	
              July
                25, 2037

            
	
              I-34-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,686,877.50

            	 	
              July
                25, 2037

            
	
              I-34-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,686,877.50

            	 	
              July
                25, 2037

            
	
              I-35-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,621,236.25

            	 	
              July
                25, 2037

            
	
              I-35-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,621,236.25

            	 	
              July
                25, 2037

            
	
              I-36-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,558,266.25

            	 	
              July
                25, 2037

            
	
              I-36-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,558,266.25

            	 	
              July
                25, 2037

            
	
              I-37-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,497,910.00

            	 	
              July
                25, 2037

            
	
              I-37-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,497,910.00

            	 	
              July
                25, 2037

            
	
              I-38-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,440,020.00

            	 	
              July
                25, 2037

            
	
              I-38-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,440,020.00

            	 	
              July
                25, 2037

            
	
              I-39-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,384,495.00

            	 	
              July
                25, 2037

            
	
              I-39-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,384,495.00

            	 	
              July
                25, 2037

            
	
              I-40-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,331,230.00

            	 	
              July
                25, 2037

            
	
              I-40-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,331,230.00

            	 	
              July
                25, 2037

            
	
              I-41-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,280,130.00

            	 	
              July
                25, 2037

            
	
              I-41-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,280,130.00

            	 	
              July
                25, 2037

            
	
              I-42-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,231,102.50

            	 	
              July
                25, 2037

            
	
              I-42-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,231,102.50

            	 	
              July
                25, 2037

            
	
              I-43-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,184,062.50

            	 	
              July
                25, 2037

            
	
              I-43-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,184,062.50

            	 	
              July
                25, 2037

            
	
              I-44-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,138,925.00

            	 	
              July
                25, 2037

            
	
              I-44-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,138,925.00

            	 	
              July
                25, 2037

            
	
              I-45-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,095,606.25

            	 	
              July
                25, 2037

            
	
              I-45-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,095,606.25

            	 	
              July
                25, 2037

            
	
              I-46-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,054,033.75

            	 	
              July
                25, 2037

            
	
              I-46-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,054,033.75

            	 	
              July
                25, 2037

            
	
              I-47-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,014,128.75

            	 	
              July
                25, 2037

            
	
              I-47-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,014,128.75

            	 	
              July
                25, 2037

            
	
              I-48-A

            	 	
              Variable(2)

            	 	
              $

            	
              975,823.75

            	 	
              July
                25, 2037

            
	
              I-48-B

            	 	
              Variable(2)

            	 	
              $

            	
              975,823.75

            	 	
              July
                25, 2037

            
	
              I-49-A

            	 	
              Variable(2)

            	 	
              $

            	
              939,051.25

            	 	
              July
                25, 2037

            
	
              I-49-B

            	 	
              Variable(2)

            	 	
              $

            	
              939,051.25

            	 	
              July
                25, 2037

            
	
              I-50-A

            	 	
              Variable(2)

            	 	
              $

            	
              903,898.75

            	 	
              July
                25, 2037

            
	
              I-50-B

            	 	
              Variable(2)

            	 	
              $

            	
              903,898.75

            	 	
              July
                25, 2037

            
	
              I-51-A

            	 	
              Variable(2)

            	 	
              $

            	
              869,992.50

            	 	
              July
                25, 2037

            
	
              I-51-B

            	 	
              Variable(2)

            	 	
              $

            	
              869,992.50

            	 	
              July
                25, 2037

            
	
              I-52-A

            	 	
              Variable(2)

            	 	
              $

            	
              984,020.00

            	 	
              July
                25, 2037

            
	
              I-52-B

            	 	
              Variable(2)

            	 	
              $

            	
              984,020.00

            	 	
              July
                25, 2037

            
	
              I-53-A

            	 	
              Variable(2)

            	 	
              $

            	
              1,169,007.50

            	 	
              July
                25, 2037

            
	
              I-53-B

            	 	
              Variable(2)

            	 	
              $

            	
              1,169,007.50

            	 	
              July
                25, 2037

            
	
              I-54-A

            	 	
              Variable(2)

            	 	
              $

            	
              752,202.50

            	 	
              July
                25, 2037

            
	
              I-54-B

            	 	
              Variable(2)

            	 	
              $

            	
              752,202.50

            	 	
              July
                25, 2037

            
	
              I-55-A

            	 	
              Variable(2)

            	 	
              $

            	
              724,487.50

            	 	
              July
                25, 2037

            
	
              I-55-B

            	 	
              Variable(2)

            	 	
              $

            	
              724,487.50

            	 	
              July
                25, 2037

            
	
              I-56-A

            	 	
              Variable(2)

            	 	
              $

            	
              697,857.50

            	 	
              July
                25, 2037

            
	
              I-56-B

            	 	
              Variable(2)

            	 	
              $

            	
              697,857.50

            	 	
              July
                25, 2037

            
	
              I-57-A

            	 	
              Variable(2)

            	 	
              $

            	
              672,265.00

            	 	
              July
                25, 2037

            
	
              I-57-B

            	 	
              Variable(2)

            	 	
              $

            	
              672,265.00

            	 	
              July
                25, 2037

            
	
              I-58-A

            	 	
              Variable(2)

            	 	
              $

            	
              647,668.75

            	 	
              July
                25, 2037

            
	
              I-58-B

            	 	
              Variable(2)

            	 	
              $

            	
              647,668.75

            	 	
              July
                25, 2037

            
	
              I-59-A

            	 	
              Variable(2)

            	 	
              $

            	
              624,021.25

            	 	
              July
                25, 2037

            
	
              I-59-B

            	 	
              Variable(2)

            	 	
              $

            	
              624,021.25

            	 	
              July
                25, 2037

            
	
              I-60-A

            	 	
              Variable(2)

            	 	
              $

            	
              601,275.00

            	 	
              July
                25, 2037

            
	
              I-60-B

            	 	
              Variable(2)

            	 	
              $

            	
              601,275.00

            	 	
              July
                25, 2037

            
	
              I-61-A

            	 	
              Variable(2)

            	 	
              $

            	
              579,431.25

            	 	
              July
                25, 2037

            
	
              I-61-B

            	 	
              Variable(2)

            	 	
              $

            	
              579,431.25

            	 	
              July
                25, 2037

            
	
              I-62-A

            	 	
              Variable(2)

            	 	
              $

            	
              558,430.00

            	 	
              July
                25, 2037

            
	
              I-62-B

            	 	
              Variable(2)

            	 	
              $

            	
              558,430.00

            	 	
              July
                25, 2037

            
	
              I-63-A

            	 	
              Variable(2)

            	 	
              $

            	
              538,236.25

            	 	
              July
                25, 2037

            
	
              I-63-B

            	 	
              Variable(2)

            	 	
              $

            	
              538,236.25

            	 	
              July
                25, 2037

            
	
              I-64-A

            	 	
              Variable(2)

            	 	
              $

            	
              518,817.50

            	 	
              July
                25, 2037

            
	
              I-64-B

            	 	
              Variable(2)

            	 	
              $

            	
              518,817.50

            	 	
              July
                25, 2037

            
	
              I-65-A

            	 	
              Variable(2)

            	 	
              $

            	
              500,143.75

            	 	
              July
                25, 2037

            
	
              I-65-B

            	 	
              Variable(2)

            	 	
              $

            	
              500,143.75

            	 	
              July
                25, 2037

            
	
              I-66-A

            	 	
              Variable(2)

            	 	
              $

            	
              14,206,067.50

            	 	
              July
                25, 2037

            
	
              I-66-B

            	 	
              Variable(2)

            	 	
              $

            	
              14,206,067.50

            	 	
              July
                25, 2037

            
	
              P

            	 	
              Variable(2)

            	 	
              $

            	
              100.00

            	 	
              July
                25, 2037

            

    

    
      ________________

    

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                Regulations.

            

    

    
      	
              (2)

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

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    REMIC
      2

     

    As
      provided herein, the Trustee shall elect to treat the segregated pool of assets
      consisting of the REMIC 1 Regular Interests as a REMIC for federal income tax
      purposes, and such segregated pool of assets shall be designated as “REMIC
      2.”  The Class R-2 Interest shall evidence the sole class of “residual
      interests” in REMIC 2 for purposes of the REMIC Provisions under federal income
      tax law. 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 shall be certificated.

     

    
      	
              
                Designation

              

            	 	
              
                Uncertificated
                  REMIC 2

                Pass-Through
                  Rate

              

            	 	
              
                Initial
                  Uncertificated

                Principal
                  Balance

              

            	 	
              
                Latest
                  Possible

                Maturity
                  Date(1)

              

            
	
              LTAA

            	 	
              Variable(2)

            	 	
              $

            	
              550,838,416.42

            	 	
              July
                25, 2037

            
	
              LTIA1

            	 	
              Variable(2)

            	 	
              $

            	
              2,709,820.00

            	 	
              July
                25, 2037

            
	
              LTIIA1

            	 	
              Variable(2)

            	 	
              $

            	
              748,480.00

            	 	
              July
                25, 2037

            
	
              LTIIA2

            	 	
              Variable(2)

            	 	
              $

            	
              408,930.00

            	 	
              July
                25, 2037

            
	
              LTIIA3

            	 	
              Variable(2)

            	 	
              $

            	
              396,330.00

            	 	
              July
                25, 2037

            
	
              LTIIA4

            	 	
              Variable(2)

            	 	
              $

            	
              129,100.00

            	 	
              July
                25, 2037

            
	
              LTM1

            	 	
              Variable(2)

            	 	
              $

            	
              210,780.00

            	 	
              July
                25, 2037

            
	
              LTM2

            	 	
              Variable(2)

            	 	
              $

            	
              185,490.00

            	 	
              July
                25, 2037

            
	
              LTM3

            	 	
              Variable(2)

            	 	
              $

            	
              109,610.00

            	 	
              July
                25, 2037

            
	
              LTM4

            	 	
              Variable(2)

            	 	
              $

            	
              103,980.00

            	 	
              July
                25, 2037

            
	
              LTM5

            	 	
              Variable(2)

            	 	
              $

            	
              95,550.00

            	 	
              July
                25, 2037

            
	
              LTM6

            	 	
              Variable(2)

            	 	
              $

            	
              92,740.00

            	 	
              July
                25, 2037

            
	
              LTM7

            	 	
              Variable(2)

            	 	
              $

            	
              87,120.00

            	 	
              July
                25, 2037

            
	
              LTM8

            	 	
              Variable(2)

            	 	
              $

            	
              70,260.00

            	 	
              July
                25, 2037

            
	
              LTM9

            	 	
              Variable(2)

            	 	
              $

            	
              53,400.00

            	 	
              July
                25, 2037

            
	
              LTM10

            	 	
              Variable(2)

            	 	
              $

            	
              59,020.00

            	 	
              July
                25, 2037

            
	
              LTZZ

            	 	
              Variable(2)

            	 	
              $

            	
              5,780,990.34

            	 	
              July
                25, 2037

            
	
              LTP

            	 	
              Variable(2)

            	 	
              $

            	
              100.00

            	 	
              July
                25, 2037

            
	
              LTIO

            	 	
              Variable(2)

            	 	
              $

            	
              (3)

            	 	
              July
                25, 2037

            

    

    
      ________________

    

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                Regulations.

            

    

    
      	
              (2)

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

            

    

    
      	
              (3)

            	
              REMIC
                2 Regular Interest LTIO will not have an Uncertificated Principal
                Balance,
                but will accrue interest on its Uncertificated Notional
                Amount.

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    REMIC
      3

     

    As
      provided herein, the Trustee shall elect to treat the segregated pool of assets
      consisting of the REMIC 2 Regular Interests as a REMIC for federal income tax
      purposes, and such segregated pool of assets shall be designated as “REMIC
      3.”  The Class R-3 Interest shall evidence the sole class of “residual
      interests” in REMIC 3 for purposes of the REMIC Provisions.

     

    The
      following table irrevocably sets forth the designation, the Pass-Through Rate,
      the Original Class Certificate Principal Balance for each Class of Certificates
      comprising the interests representing “regular interests” in REMIC
      3.  For purposes of satisfying Treasury Regulation Section
      1.860G-1(a)(4)(iii), the “latest possible maturity date” for each Class of
      Certificates that represents one or more of the “regular interests” in REMIC 3
      created hereunder:

     

    
      	
              
                Designation

              

            	 	
              
                Original
                  Class Certificate

                Principal
                  Balance

              

            	 	
              
                Pass-Through
                  Rate

              

            	 	
              
                Latest
                  Possible

                Maturity
                  Date(1)

              

            
	
              Class
                I-A-1

            	 	$	
              270,982,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                II-A-1

            	 	$	
              74,848,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                II-A-2

            	 	$	
              40,893,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                II-A-3

            	 	$	
              39,633,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                II-A-4

            	 	$	
              12,910,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                M-1

            	 	$	
              21,078,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                M-2

            	 	$	
              18,549,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                M-3

            	 	$	
              10,961,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                M-4

            	 	$	
              10,398,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                M-5

            	 	$	
              9,555,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                M-6

            	 	$	
              9,274,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                M-7

            	 	$	
              8,712,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                M-8

            	 	$	
              7,026,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                M-9

            	 	$	
              5,340,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                M-10

            	 	$	
              5,902,000.00

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            
	
              Class
                C Interest

            	 	$	
              16,019,016.76

            	 	
              Variable(3)

            	 	
              July
                25, 2037

            
	
              Class
                P Interest

            	 	$	
              100.00

            	 	
              N/A(4)

            	 	
              July
                25, 2037

            
	
              Class
                IO Interest

            	 	 	
              (5)

            	 	
              (6)

            	 	
              July
                25, 2037

            

    

    
      ________________

    

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                Regulations.

            

    

    
      	
              (2)

            	
              Calculated
                in accordance with the definition of “Pass-Through Rate”
                herein.

            

    

    
      	
              (3)

            	
              The
                Class C Interest will accrue interest at its variable Pass-Through
                Rate on
                the Notional Amount of the Class C Interest outstanding from time
                to time
                which shall equal the aggregate of the Uncertificated Principal Balance
                of
                the REMIC 2 Regular Interests (other than REMIC 2 Regular Interest
                LTP and
                REMIC 2 Regular Interest LTIO).  The Class C Interest will not
                accrue interest on its Certificate Principal
                Balance.

            

    

    
      	
              (4)

            	
              The
                Class P Interest will not accrue
                interest.

            

    

    
      	
              (5)

            	
              For
                federal income tax purposes, the Class IO Interest will not have
                a
                Certificate Principal Balance, but will have a notional amount equal
                to
                the Uncertificated Notional Amount of REMIC 2 Regular Interest
                LTIO.

            

    

    
      	
              (6)

            	
              For
                federal income tax purposes, the Class IO Interest will not have
                a
                Pass-Through Rate, but will be entitled to 100% of the amounts distributed
                on REMIC 2 Regular Interest
                LTIO.

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    REMIC
      4

     

    As
      provided herein, the Trustee shall make an election to treat the segregated
      pool
      of assets consisting of the Class C Interest 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 represents the sole class of “residual
      interests” in REMIC 4 for purposes of the REMIC Provisions.

     

    The
      following table sets forth (or describes) the designation, Pass-Through Rate
      ,
      the Original Class Certificate Principal Balance and, for purposes of satisfying
      Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity
      date” for the indicated Class of Certificates that represents a “regular
      interest” in REMIC 4 created hereunder:

     

    
      	
              
                Designation

              

            	 	
              
                Original
                  Class Certificate

                Principal
                  Balance

              

            	 	
              
                Pass-Through
                  Rate

              

            	 	
              
                Latest
                  Possible

                Maturity
                  Date(1)

              

            
	
              Class
                C

            	 	$	
              16,019,016.76

            	 	
              Variable(2)

            	 	
              July
                25, 2037

            

    

    
      ________________

    

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                Regulations.

            

    

    
      	
              (2)

            	
              The
                Class C Certificates will receive 100% of amounts received in respect
                of
                the Class C Interest.

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    REMIC
      5

     

    As
      provided herein, the Trustee shall make an election to treat the segregated
      pool
      of assets consisting of the Class P Interest as a REMIC for federal income
      tax
      purposes, and such segregated pool of assets will be designated as “REMIC
      5.”  The Class R-5 Interest represents the sole class of “residual
      interests” in REMIC 5 for purposes of the REMIC Provisions.

     

    The
      following table sets forth (or describes) the designation, Pass-Through Rate,
      the Original Class Certificate Principal Balance and, for purposes of satisfying
      Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity
      date” for the indicated Class of Certificates that represents a “regular
      interest” in REMIC 5 created hereunder:

     

    
      	
              
                Designation

              

            	
              
                Original
                  Class Certificate

                Principal
                  Balance

              

            	
              
                Pass-Through
                  Rate

              

            	
              
                Latest
                  Possible

                Maturity
                  Date(1)

              

            
	
              Class
                P

            	
              $
                100.00

            	
              Variable(2)

            	
              July
                25, 2037

            

    

    
      ________________

    

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                Regulations.

            

    

    
      	
              (2)

            	
              The
                Class P Certificates will receive 100% of amounts received in respect
                of
                the Class P Interest.

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    REMIC
      6

     

    As
      provided herein, the Trustee shall make an election to treat the segregated
      pool
      of assets consisting of the Class IO Interest as a REMIC for federal income
      tax
      purposes, and such segregated pool of assets shall be designated as “REMIC
      6.”  The Class R-6 Interest represents the sole class of “residual
      interests” in REMIC 6 for purposes of the REMIC Provisions.

     

    The
      following table irrevocably sets forth the designation, the Pass-Through Rate,
      the Original Class Certificate Principal Balance and, for purposes of satisfying
      Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity
      date” for the indicated REMIC 6 Regular Interest, which will be
      uncertificated.

     

    
      	
              
                Class
                  Designation

              

            	
              
                Original
                  Class Certificate

                Principal
                  Balance

              

            	
              
                Pass-Through
                  Rate

              

            	
              
                Latest
                  Possible

                Maturity
                  Date(1)

              

            
	
              SWAP
                IO

            	
              N/A

            	
              Variable(2)

            	
              July
                25, 2037

            

    

    
      ________________

    

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                Regulations.

            

    

    
      	
              (2)

            	
              REMIC
                6 Regular Interest SWAP IO shall receive 100% of amounts received
                in
                respect of the Class IO
                Interest.

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      I

    DEFINITIONS

     

    
      	
              SECTION
                1.01  

            	
              Defined
                Terms.

            

    

     

    Whenever
      used in this Agreement or in the Preliminary Statement, 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 Floating Rate Certificates shall
      be
      made on the basis of the actual number of days elapsed and a 360-day year and
      all calculations in respect of interest on the Class C Certificates and all
      other calculations of interest described herein shall be made on the basis
      of a
      360-day year consisting of twelve 30-day months.  The Class P
      Certificates, the Class L Certificates and the Residual Certificates are not
      entitled to distributions in respect of interest and, accordingly, will not
      accrue interest.

     

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

     

    “Accrual
      Period”: With respect to the Floating Rate Certificates and each Distribution
      Date, the period commencing on the preceding Distribution Date (or in the case
      of the first such Accrual Period, commencing on the Closing Date) and ending
      on
      the day preceding such Distribution Date.  With respect to the Class C
      Certificates and each Distribution Date, the calendar month prior to the month
      of such Distribution Date.

     

    “Additional
      Form 10-D Disclosure”: The meaning set forth in Section 4.05(a)(i).

     

    “Additional
      Form 10-K Disclosure”: The meaning set forth in Section 4.05(b)(i)

     

    “Adjustable-Rate
      Mortgage Loan”:  A first lien Mortgage Loan which provides at any
      period during the life of such loan for the adjustment of the Mortgage Rate
      payable in respect thereto.  The Adjustable-Rate Mortgage Loans are
      identified as such on the Mortgage Loan Schedule.

     

    “Adjusted
      Net Maximum Mortgage Rate”: With respect to any Mortgage Loan (or the related
      REO Property), as of any date of determination, a per annum rate of interest
      equal to the applicable Maximum Mortgage Rate for such Mortgage Loan (or the
      Mortgage Rate in the case of any Fixed-Rate Mortgage Loan) as of the first
      day
      of the month preceding the month in which the related Distribution Date occurs
      minus the Servicing Fee Rate.

     

    “Adjusted
      Net Mortgage Rate”: With respect to any Mortgage Loan (or the related REO
      Property), as of any date of determination, a per annum rate of interest equal
      to the applicable Mortgage Rate for such Mortgage Loan as of the first day
      of
      the month preceding the month in which the related Distribution Date occurs
      minus the Servicing Fee Rate.

     

    “Adjustment
      Date”: With respect to each Adjustable-Rate Mortgage Loan, each adjustment date,
      on which the Mortgage Rate of such Mortgage Loan changes pursuant to the related
      Mortgage Note.  The first Adjustment Date following the Cut-off Date
      as to each Adjustable-Rate Mortgage Loan is set forth in the Mortgage Loan
      Schedule.

     

    “Advance”:
      As to any Mortgage Loan or REO Property, any advance made by the Servicer in
      respect of any Distribution Date pursuant to Section 4.04.

     

    “Advance
      Facility”:  As defined in Section 3.29 hereof.

     

    “Advance
      Facility Trustee”:  As defined in Section 3.29 hereof.

     

    “Advancing
      Person”:  As defined in Section 3.29 hereof.

     

    “Advance
      Reimbursement Amounts”:  As defined in Section 3.29
      hereof.

     

    “Adverse
      REMIC Event”: As defined in Section 9.01(f) hereof.

     

    “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.

     

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

     

    “Allocated
      Realized Loss Amount”: With respect to any Distribution Date and any Class of
      Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such
      Class of Certificates on such Distribution Date and (ii) the amount of any
      Allocated Realized Loss Amounts for such Class of Certificates remaining
      undistributed from the previous Distribution Date minus any Subsequent
      Recoveries applied to that Allocated Realized Loss Amount.

     

    “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 or record the sale of
      the
      Mortgage.

     

    “Assignment
      Agreement”:  The Assignment and Recognition Agreement, dated the
      Closing Date, among the Seller, the Originator and the Depositor, pursuant
      to
      which certain of the Seller’s rights under the Master Agreement were assigned to
      the Depositor, substantially in the form attached hereto as Exhibit
      C.

     

    “Attestation
      Report”: As defined in Section 3.21.

     

    “Available
      Funds”:  With respect to any Distribution Date, an amount equal to the
      excess of (i) the sum of (a) the aggregate of the related Monthly Payments
      received on the Mortgage Loans on or prior to the related Determination Date,
      (b) Net Liquidation Proceeds, Insurance Proceeds, Subsequent Recoveries,
      Principal Prepayments, proceeds from repurchases of and substitutions for such
      Mortgage Loans and other unscheduled recoveries of principal and interest in
      respect of the Mortgage Loans received during the related Prepayment Period,
      (c)
      the aggregate of any amounts received in respect of a related REO Property
      withdrawn from any REO Account and deposited in the Collection Account for
      such
      Distribution Date, (d) the aggregate of any amounts deposited in the Collection
      Account by the Servicer in respect of related Prepayment Interest Shortfalls
      for
      such Distribution Date, (e) the aggregate of any Advances made by the Servicer
      for such Distribution Date in respect of the Mortgage Loans, (f) the aggregate
      of any related advances made by the Trustee in respect of the Mortgage Loans
      for
      such Distribution Date pursuant to Section 7.02 and (g) the amount of any
      Prepayment Charges collected by the Servicer in connection with the full or
      partial prepayment of any of the Mortgage Loans and any Servicer Prepayment
      Charge Payment Amount over (ii) the sum of (a) amounts reimbursable or payable
      to the Servicer pursuant to Section 3.11(a), the Trustee pursuant to Section
      3.11(b) or the Swap Provider, (b) amounts deposited in the Collection Account
      or
      the Distribution Account pursuant to clauses (a) through (g) above, as the
      case
      may be, in error, (c) the amount of any Prepayment Charges collected by the
      Servicer in connection with the full or partial prepayment of any of the
      Mortgage Loans and any Servicer Prepayment Charge Payment Amount, (d) any
      indemnification payments or expense reimbursements made by the Trust Fund
      pursuant to Section 6.03 or Section 8.05 and (e) any Net Swap Payment or Swap
      Termination Payment owed to the Swap Provider (other than any Swap Termination
      Payment owed to the Swap Provider resulting from a Swap Provider Trigger
      Event).

     

    “Balloon
      Mortgage Loan”:  A Mortgage Loan that provides for the payment of the
      unamortized Stated Principal Balance of such Mortgage Loan in a single payment
      at the maturity of such Mortgage Loan that is substantially greater than the
      preceding monthly payment.

     

    “Balloon
      Payment”:  A payment of the unamortized Stated Principal Balance of a
      Mortgage Loan in a single payment at the maturity of such Mortgage Loan that
      is
      substantially greater than the preceding Monthly Payment.

     

    “Bankruptcy
      Code”: The Bankruptcy Reform Act of 1978 (Title 11 of the United States Code),
      as amended.

     

    “Base
      Rate”: For any Distribution Date and the Floating Rate Certificates, the sum of
      (i) LIBOR plus (ii) the related Certificate Margin.

     

    “Basis
      Risk Cap Agreement”: The basis risk cap agreement, dated the Closing Date,
      between the Basis Risk Cap Provider and the Trustee, including any schedule,
      confirmations, credit support annex or other credit support document relating
      thereto, and attached hereto as Exhibit P.

     

    “Basis
      Risk Cap Amount”: The Basis Risk Cap Amount for any Class of the Floating Rate
      Certificates is equal to (i) the aggregate amount received by the Trust from
      the
      Basis Risk Cap Agreement multiplied by (ii) a fraction equal to (a) the
      Certificate Principal Balance of such Class immediately prior to the applicable
      Distribution Date divided by (b) the aggregate Certificate Principal Balance
      of
      the Floating Rate Certificates immediately prior to the applicable Distribution
      Date.

     

    “Basis
      Risk Cap Collateral Account”:  As defined in Section
      4.12.

     

    “Basis
      Risk Cap Credit Support Annex”: The credit support annex, dated the Closing
      Date, between the Trustee and the Basis Risk Cap Provider, which is annexed
      to
      and forms part of the Basis Risk Cap Agreement.

     

    “Basis
      Risk Cap Provider”:  The cap provider under the Basis Risk Cap
      Agreement.  Initially, the Basis Risk Cap Provider shall be The Bank
      of New York.

     

    “Book-Entry
      Certificates”:  Any of the Certificates that shall be registered in
      the name of the Depository or its nominee, the ownership of which is reflected
      on the books of the Depository or on the books of a Person maintaining an
      account with the Depository (directly, as a “Depository Participant”, or
      indirectly, as an indirect participant in accordance with the rules of the
      Depository and as described in Section 5.02 hereof).  On the Closing
      Date, the Floating Rate Certificates shall be Book-Entry
      Certificates.

     

    “Business
      Day”:  Any day other than a Saturday, a Sunday or a day on which
      banking or savings institutions in the State of Delaware, the State of Florida,
      the State of New York, the State of Texas, the State of California, the
      Commonwealth of Pennsylvania, 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 be closed.

     

    “Cap
      Account”:  The account or accounts created and maintained pursuant to
      Section 4.11.  The Cap Account must be an Eligible
      Account.

     

    “Cap
      Allocation Agreement”:  The Cap Allocation Agreement, dated as of the
      Closing Date among the Trustee, the Cap Trustee and the Seller, a form of which
      is attached hereto as Exhibit G.

     

    “Cap
      Trust”:  As defined in the Cap Allocation Agreement.

     

    “Cap
      Trustee”:  Wells Fargo Bank, N.A., a national banking association, not
      in its individual capacity but solely in its capacity as Cap Trustee, and any
      successor thereto.

     

    “Certificate”:  Any
      Regular Certificate or Residual Certificate.

     

    “Certificateholder”
      or “Holder”: The Person in whose name a Certificate is registered in the
      Certificate Register, except that a Disqualified Organization or non-U.S. Person
      shall not be a Holder of a Residual Certificate for any purpose hereof and,
      solely for the purposes of giving any consent pursuant to this Agreement, any
      Certificate registered in the name of the Depositor or the Servicer or any
      Affiliate thereof shall be deemed not to be outstanding and the Voting Rights
      to
      which it 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 and
      the NIMS Insurer may conclusively rely upon a certificate of the Depositor
      or
      the Servicer in determining whether a Certificate is held by an Affiliate
      thereof. All references herein 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 herein; provided, however, that the Trustee and the NIMS
      Insurer 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
      Margin”:  With respect to each Class of Floating Rate Certificates and
      for purposes of the Marker Rate and the Maximum Uncertificated Accrued Interest
      Deferral Amount, the specified REMIC 2 Regular Interest, as
      follows:

     

    
      	
              
                Class

              

            	
              
                REMIC
                  2

                Regular

                Interest

              

            	
              
                Certificate
                  Margin

              

            
	
              
                (1)
                  (%)

              

            	
              
                (2)
                  (%)

              

            
	
              I-A-1

            	
              LTIA1

            	
              0.170%

            	
              0.340%

            
	
              II-A-1

            	
              LTIIA1

            	
              0.070%

            	
              0.140%

            
	
              II-A-2

            	
              LTIIA2

            	
              0.130%

            	
              0.260%

            
	
              II-A-3

            	
              LTIIA3

            	
              0.180%

            	
              0.360%

            
	
              II-A-4

            	
              LTIIA4

            	
              0.250%

            	
              0.500%

            
	
              M-1

            	
              LTM1

            	
              0.260%

            	
              0.390%

            
	
              M-2

            	
              LTM2

            	
              0.270%

            	
              0.405%

            
	
              M-3

            	
              LTM3

            	
              0.280%

            	
              0.420%

            
	
              M-4

            	
              LTM4

            	
              0.370%

            	
              0.555%

            
	
              M-5

            	
              LTM5

            	
              0.430%

            	
              0.645%

            
	
              M-6

            	
              LTM6

            	
              0.680%

            	
              1.020%

            
	
              M-7

            	
              LTM7

            	
              1.550%

            	
              2.325%

            
	
              M-8

            	
              LTM8

            	
              2.000%

            	
              3.000%

            
	
              M-9

            	
              LTM9

            	
              2.500%

            	
              3.750%

            
	
              M-10

            	
              LTM10

            	
              2.500%

            	
              3.750%

            

    

    __________

    
      	
               

            	
              (1)

            	
              For
                the Accrual Period for each Distribution Date on or prior to the
                Optional
                Termination Date.

            

    

    
      	
               

            	
              (2)

            	
              For
                each other Accrual Period.

            

    

    

    “Certificate
      Owner”: With respect to each Book-Entry Certificate, any beneficial owner
      thereof.

     

    “Certificate
      Principal Balance”: With respect to any Class of Regular Certificates (other
      than the Class C Certificates) immediately prior to any Distribution Date,
      will
      be equal to the Initial Certificate Principal Balance thereof plus any
      Subsequent Recoveries added to the Certificate Principal Balance of such
      Certificate pursuant to Section 4.01, reduced by the sum of all amounts actually
      distributed in respect of principal of such Class and, in the case of a
      Mezzanine Certificate, Realized Losses allocated thereto on all prior
      Distribution Dates. With respect to the Class C Certificates as of any date
      of
      determination, an amount equal to the excess, if any, of (A) the then aggregate
      Uncertificated Principal Balance of the REMIC 3 Regular Interests over (B)
      the
      then aggregate Certificate Principal Balance of the Floating Rate Certificates
      and the Class P Certificates then outstanding.

     

    “Certificate
      Register” and “Certificate Registrar”: The register maintained and registrar
      appointed pursuant to Section 5.02 hereof.

     

    “Certification
      Parties”: As defined in Section 4.05.

    

    “Certifying
      Person”: As defined in Section 4.05.

     

    “Class”:
      Collectively, Certificates which have the same priority of payment and bear
      the
      same class designation and the form of which is identical except for variation
      in the Percentage Interest evidenced thereby.

     

    “Class
      A
      Certificates”: Any one of the Class I-A-1 Certificates, Class II-A-1
      Certificates, Class II-A-2 Certificates, Class II-A-3 Certificates or Class
      II-A-4 Certificates.

     

    “Class
      C
      Certificates”: Any one of the Class C Certificates executed by the Trustee, and
      authenticated and delivered by the Certificate Registrar, substantially in
      the
      form annexed hereto as Exhibit A-17, representing (i) a Regular Interest in
      REMIC 4, (ii) the obligation to pay Net WAC Rate Carryover Amounts and Swap
      Termination Payments and (iii) the right to receive the Class IO Distribution
      Amount.

     

    “Class
      C
      Interest”: An uncertificated interest in the Trust Fund held by the Trustee on
      behalf of the Holders of the Class C Certificates, evidencing a REMIC Regular
      Interest in REMIC 3.

     

    “Class
      I-A-1 Certificate”: Any one of the Class I-A-1 Certificates executed by the
      Trustee, and authenticated and delivered by the Certificate Registrar,
      substantially in the form annexed hereto as Exhibit A-1, representing (i) a
      Regular Interest in REMIC 3, (ii) the right to receive the Net WAC Rate
      Carryover Amount and (iii) the obligation to pay the Class IO Distribution
      Amount.

     

     “Class
      II-A-1 Certificate”: Any one of the Class II-A-1 Certificates executed by the
      Trustee, and authenticated and delivered by the Certificate Registrar,
      substantially in the form annexed hereto as Exhibit A-2, representing (i) a
      Regular Interest in REMIC 3, (ii) the right to receive the Net WAC Rate
      Carryover Amount and (iii) the obligation to pay the Class IO Distribution
      Amount.

     

    “Class
      II-A-2 Certificate”: Any one of the Class II-A-2 Certificates executed by the
      Trustee, and authenticated and delivered by the Certificate Registrar,
      substantially in the form annexed hereto as Exhibit A-3, representing (i) a
      Regular Interest in REMIC 3, (ii) the right to receive the Net WAC Rate
      Carryover Amount and (iii) the obligation to pay the Class IO Distribution
      Amount.

     

    “Class
      II-A-3 Certificate”: Any one of the Class II-A-3 Certificates executed by the
      Trustee, and authenticated and delivered by the Certificate Registrar,
      substantially in the form annexed hereto as Exhibit A-4, representing (i) a
      Regular Interest in REMIC 3, (ii) the right to receive the Net WAC Rate
      Carryover Amount and (iii) the obligation to pay the Class IO Distribution
      Amount.

     

    “Class
      II-A-4 Certificate”: Any one of the Class II-A-4 Certificates executed by the
      Trustee, and authenticated and delivered by the Certificate Registrar,
      substantially in the form annexed hereto as Exhibit A-5, representing (i) a
      Regular Interest in REMIC 3, (ii) the right to receive the Net WAC Rate
      Carryover Amount and (iii) the obligation to pay the Class IO Distribution
      Amount.

     

    “Class
      L
      Certificate”: Any one of the Class L Certificates executed by the Trustee, and
      authenticated and delivered by the Certificate Registrar, substantially in
      the
      form annexed hereto as Exhibit A-18.

     

    “Class
      M-1 Certificate”: Any one of the Class M-1 Certificates executed by the Trustee,
      and authenticated and delivered by the Certificate Registrar, substantially
      in
      the form annexed hereto as Exhibit A-6, representing (i) a Regular Interest
      in
      REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii)
      the obligation to pay the Class IO Distribution Amount.

     

    “Class
      M-1 Principal Distribution Amount: The excess of (x) the sum of (i) the
      aggregate Certificate Principal Balance of the Class A Certificates (after
      taking into account the distribution of the Senior Principal Distribution Amount
      on such Distribution Date) and (ii) the Certificate Principal Balance of the
      Class M-1 Certificates immediately prior to such Distribution Date over (y)
      the
      lesser of (A) the product of (i) 63.80% and (ii) the aggregate Stated Principal
      Balance of the Mortgage Loans as of the last day of the related Due Period
      (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) and (B) the aggregate
      Stated Principal Balance of the Mortgage Loans as of the last day of the related
      Due Period (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) minus
      the Overcollateralization Floor.

     

    “Class
      M-2 Certificate”: Any one of the Class M-2 Certificates executed by the Trustee,
      and authenticated and delivered by the Certificate Registrar, substantially
      in
      the form annexed hereto as Exhibit A-7, representing (i) a Regular Interest
      in
      REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii)
      the obligation to pay the Class IO Distribution Amount.

     

    “Class
      M-2 Principal Distribution Amount: The excess of (x) the sum of (i) the
      aggregate Certificate Principal Balance of the Class A Certificates (after
      taking into account the distribution of the Senior Principal Distribution Amount
      on such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1 Certificates (after taking into account the distribution of the Class M-1
      Principal Distribution Amount on such Distribution Date) and (iii) the
      Certificate Principal Balance of the Class M-2 Certificates immediately prior
      to
      such Distribution Date over (y) the lesser of (A) the product of (i) 70.40%
      and
      (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the
      last
      day of the related Due Period (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) and (B) the aggregate Stated Principal Balance of the Mortgage Loans
      as
      of the last day of the related Due Period (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) minus the Overcollateralization Floor.

     

    “Class
      M-3 Certificate”: Any one of the Class M-3 Certificates executed by the Trustee,
      and authenticated and delivered by the Certificate Registrar, substantially
      in
      the form annexed hereto as Exhibit A-8, representing (i) a Regular Interest
      in
      REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii)
      the obligation to pay the Class IO Distribution Amount.

     

    “Class
      M-3 Principal Distribution Amount: The excess of (x) the sum of (i) the
      aggregate Certificate Principal Balance of the Class A Certificates (after
      taking into account the distribution of the Senior Principal Distribution Amount
      on such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1 Certificates (after taking into account the distribution of the Class M-1
      Principal Distribution Amount on such Distribution Date), (iii) the Certificate
      Principal Balance of the Class M-2 Certificates (after taking into account
      the
      distribution of the Class M-2 Principal Distribution Amount on such Distribution
      Date) and (iv) the Certificate Principal Balance of the Class M-3 Certificates
      immediately prior to such Distribution Date over (y) the lesser of (A) the
      product of (i) 74.30% and (ii) the aggregate Stated Principal Balance of the
      Mortgage Loans as of the last day of the related Due Period (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) and (B) the aggregate Stated Principal
      Balance of the Mortgage Loans as of the last day of the related Due Period
      (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) minus the
      Overcollateralization Floor.

     

    “Class
      M-4 Certificate”: Any one of the Class M-4 Certificates executed by the Trustee,
      and authenticated and delivered by the Certificate Registrar, substantially
      in
      the form annexed hereto as Exhibit A-9, representing (i) a Regular Interest
      in
      REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii)
      the obligation to pay the Class IO Distribution Amount.

     

    “Class
      M-4 Principal Distribution Amount”: The excess of (x) the sum of (i) the
      aggregate Certificate Principal Balance of the Class A Certificates (after
      taking into account the distribution of the Senior Principal Distribution Amount
      on such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1 Certificates (after taking into account the distribution of the Class M-1
      Principal Distribution Amount on such Distribution Date), (iii) the Certificate
      Principal Balance of the Class M-2 Certificates (after taking into account
      the
      distribution of the Class M-2 Principal Distribution Amount on such Distribution
      Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates
      (after taking into account the distribution of the Class M-3 Principal
      Distribution Amount on such Distribution Date) and (v) the Certificate Principal
      Balance of the Class M-4 Certificates immediately prior to such Distribution
      Date over (y) the lesser of (A) the product of (i) 78.00% and (ii) the aggregate
      Stated Principal Balance of the Mortgage Loans as of the last day of the related
      Due Period (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) and
      (B)
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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) minus the Overcollateralization Floor.

     

    “Class
      M-5 Certificate”: Any one of the Class M-5 Certificates executed by the Trustee,
      and authenticated and delivered by the Certificate Registrar, substantially
      in
      the form annexed hereto as Exhibit A-10, representing (i) a Regular Interest
      in
      REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii)
      the obligation to pay the Class IO Distribution Amount.

     

    “Class
      M-5 Principal Distribution Amount”: The excess of (x) the sum of (i) the
      aggregate Certificate Principal Balance of the Class A Certificates (after
      taking into account the distribution of the Senior Principal Distribution Amount
      on such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1 Certificates (after taking into account the distribution of the Class M-1
      Principal Distribution Amount on such Distribution Date), (iii) the Certificate
      Principal Balance of the Class M-2 Certificates (after taking into account
      the
      distribution of the Class M-2 Principal Distribution Amount on such Distribution
      Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates
      (after taking into account the distribution of the Class M-3 Principal
      Distribution Amount on such Distribution Date), (v) the Certificate Principal
      Balance of the Class M-4 Certificates (after taking into account the
      distribution of the Class M-4 Principal Distribution Amount on such Distribution
      Date) and (vi) the Certificate Principal Balance of the Class M-5 Certificates
      immediately prior to such Distribution Date over (y) the lesser of (A) the
      product of (i) 81.40% and (ii) the aggregate Stated Principal Balance of the
      Mortgage Loans as of the last day of the related Due Period (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) and (B) the aggregate Stated Principal
      Balance of the Mortgage Loans as of the last day of the related Due Period
      (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) minus the
      Overcollateralization Floor.

     

    “Class
      M-6 Certificate”: Any one of the Class M-6 Certificates executed by the Trustee,
      and authenticated and delivered by the Certificate Registrar, substantially
      in
      the form annexed hereto as Exhibit A-11, representing (i) a Regular Interest
      in
      REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii)
      the obligation to pay the Class IO Distribution Amount.

     

    “Class
      M-6 Principal Distribution Amount”: The excess of (x) the sum of (i) the
      aggregate Certificate Principal Balance of the Class A Certificates (after
      taking into account the distribution of the Class A Principal Distribution
      Amount on such Distribution Date), (ii) the Certificate Principal Balance of
      the
      Class M-1 Certificates (after taking into account the distribution of the Class
      M-1 Principal Distribution Amount on such Distribution Date), (iii) the
      Certificate Principal Balance of the Class M-2 Certificates (after taking into
      account the distribution of the Class M-2 Principal Distribution Amount on
      such
      Distribution Date), (iv) the Certificate Principal Balance of the Class M-3
      Certificates (after taking into account the distribution of the Class M-3
      Principal Distribution Amount on such Distribution Date), (v) the Certificate
      Principal Balance of the Class M-4 Certificates (after taking into account
      the
      distribution of the Class M-4 Principal Distribution Amount on such Distribution
      Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates
      (after taking into account the distribution of the Class M-5 Principal
      Distribution Amount on such Distribution Date) and (vii) the Certificate
      Principal Balance of the Class M-6 Certificates immediately prior to such
      Distribution Date over (y) the lesser of (A) the product of (i) 84.70% and
      (ii)
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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) and (B) the aggregate Stated Principal Balance of the Mortgage Loans
      as
      of the last day of the related Due Period (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) minus the Overcollateralization Floor.

     

    “Class
      M-7 Certificate”: Any one of the Class M-7 Certificates executed by the Trustee,
      and authenticated and delivered by the Certificate Registrar, substantially
      in
      the form annexed hereto as Exhibit A-12, representing (i) a Regular Interest
      in
      REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii)
      the obligation to pay the Class IO Distribution Amount.

     

    “Class
      M-7 Principal Distribution Amount”: The excess of (x) the sum of (i) the
      aggregate Certificate Principal Balance of the Class A Certificates (after
      taking into account the distribution of the Senior Principal Distribution Amount
      on such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1 Certificates (after taking into account the distribution of the Class M-1
      Principal Distribution Amount on such Distribution Date), (iii) the Certificate
      Principal Balance of the Class M-2 Certificates (after taking into account
      the
      distribution of the Class M-2 Principal Distribution Amount on such Distribution
      Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates
      (after taking into account the distribution of the Class M-3 Principal
      Distribution Amount on such Distribution Date), (v) the Certificate Principal
      Balance of the Class M-4 Certificates (after taking into account the
      distribution of the Class M-4 Principal Distribution Amount on such Distribution
      Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates
      (after taking into account the distribution of the Class M-5 Principal
      Distribution Amount on such Distribution Date), (vii) the Certificate Principal
      Balance of the Class M-6 Certificates (after taking into account the
      distribution of the Class M-6 Principal Distribution Amount on such Distribution
      Date) and (viii) the Certificate Principal Balance of the Class M-7 Certificates
      immediately prior to such Distribution Date over (y) the lesser of (A) the
      product of (i) 87.80% and (ii) the aggregate Stated Principal Balance of the
      Mortgage Loans as of the last day of the related Due Period (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) and (B) the aggregate Stated Principal
      Balance of the Mortgage Loans as of the last day of the related Due Period
      (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) minus the
      Overcollateralization Floor.

     

    “Class
      M-8 Certificate”: Any one of the Class M-8 Certificates executed by the Trustee,
      and authenticated and delivered by the Certificate Registrar, substantially
      in
      the form annexed hereto as Exhibit A-13, representing (i) a Regular Interest
      in
      REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii)
      the obligation to pay the Class IO Distribution Amount.

     

    “Class
      M-8 Principal Distribution Amount”: The excess of (x) the sum of (i) the
      aggregate Certificate Principal Balance of the Class A Certificates (after
      taking into account the distribution of the Senior Principal Distribution Amount
      on such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1 Certificates (after taking into account the distribution of the Class M-1
      Principal Distribution Amount on such Distribution Date), (iii) the Certificate
      Principal Balance of the Class M-2 Certificates (after taking into account
      the
      distribution of the Class M-2 Principal Distribution Amount on such Distribution
      Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates
      (after taking into account the distribution of the Class M-3 Principal
      Distribution Amount on such Distribution Date), (v) the Certificate Principal
      Balance of the Class M-4 Certificates (after taking into account the
      distribution of the Class M-4 Principal Distribution Amount on such Distribution
      Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates
      (after taking into account the distribution of the Class M-5 Principal
      Distribution Amount on such Distribution Date), (vii) the Certificate Principal
      Balance of the Class M-6 Certificates (after taking into account the
      distribution of the Class M-6 Principal Distribution Amount on such Distribution
      Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates
      (after taking into account the distribution of the Class M-7 Principal
      Distribution Amount on such Distribution Date) and (ix) the Certificate
      Principal Balance of the Class M-8 Certificates immediately prior to such
      Distribution Date over (y) the lesser of (A) the product of (i) 90.30% and
      (ii)
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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) and (B) the aggregate Stated Principal Balance of the Mortgage Loans
      as
      of the last day of the related Due Period (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) minus the Overcollateralization Floor.

     

    “Class
      M-9 Certificate”: Any one of the Class M-9 Certificates executed by the Trustee,
      and authenticated and delivered by the Certificate Registrar, substantially
      in
      the form annexed hereto as Exhibit A-14, representing (i) a Regular Interest
      in
      REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii)
      the obligation to pay the Class IO Distribution Amount.

     

    “Class
      M-9 Principal Distribution Amount”: The excess of (x) the sum of (i) the
      Certificate Principal Balance of the Class A Certificates (after taking into
      account the distribution of the Senior Principal Distribution Amount on such
      Distribution Date), (ii) the Certificate Principal Balance of the Class M-1
      Certificates (after taking into account the distribution of the Class M-1
      Principal Distribution Amount on such Distribution Date), (iii) the Certificate
      Principal Balance of the Class M-2 Certificates (after taking into account
      the
      distribution of the Class M-2 Principal Distribution Amount on such Distribution
      Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates
      (after taking into account the distribution of the Class M-3 Principal
      Distribution Amount on such Distribution Date), (v) the Certificate Principal
      Balance of the Class M-4 Certificates (after taking into account the
      distribution of the Class M-4 Principal Distribution Amount on such Distribution
      Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates
      (after taking into account the distribution of the Class M-5 Principal
      Distribution Amount on such Distribution Date), (vii) the Certificate Principal
      Balance of the Class M-6 Certificates (after taking into account the
      distribution of the Class M-6 Principal Distribution Amount on such Distribution
      Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates
      (after taking into account the distribution of the Class M-7 Principal
      Distribution Amount on such Distribution Date), (ix) the Certificate Principal
      Balance of the Class M-8 Certificates (after taking into account the
      distribution of the Class M-8 Principal Distribution Amount on such Distribution
      Date) and (x) the Certificate Principal Balance of the Class M-9 Certificates
      immediately prior to such Distribution Date over (y) the lesser of (A) the
      product of (i) 92.20% and (ii) the aggregate Stated Principal Balance of the
      Mortgage Loans as of the last day of the related Due Period (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) and (B) the aggregate Stated Principal
      Balance of the Mortgage Loans as of the last day of the related Due Period
      (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) minus the
      Overcollateralization Floor.

     

    “Class
      M-10 Certificate”: Any one of the Class M-10 Certificates executed by the
      Trustee, and authenticated and delivered by the Certificate Registrar,
      substantially in the form annexed hereto as Exhibit A-15, representing (i)
      a
      Regular Interest in REMIC 3, (ii) the right to receive the Net WAC Rate
      Carryover Amount and (iii) the obligation to pay the Class IO Distribution
      Amount.

     

    “Class
      M-10 Principal Distribution Amount: The excess of (x) the sum of (i) the
      aggregate Certificate Principal Balance of the Class A Certificates (after
      taking into account the distribution of the Senior Principal Distribution Amount
      on such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1 Certificates (after taking into account the distribution of the Class M-1
      Principal Distribution Amount on such Distribution Date), (iii) the Certificate
      Principal Balance of the Class M-2 Certificates (after taking into account
      the
      distribution of the Class M-2 Principal Distribution Amount on such Distribution
      Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates
      (after taking into account the distribution of the Class M-3 Principal
      Distribution Amount on such Distribution Date), (v) the Certificate Principal
      Balance of the Class M-4 Certificates (after taking into account the
      distribution of the Class M-4 Principal Distribution Amount on such Distribution
      Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates
      (after taking into account the distribution of the Class M-5 Principal
      Distribution Amount on such Distribution Date), (vii) the Certificate Principal
      Balance of the Class M-6 Certificates (after taking into account the
      distribution of the Class M-6 Principal Distribution Amount on such Distribution
      Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates
      (after taking into account the distribution of the Class M-7 Principal
      Distribution Amount on such Distribution Date), (ix) the Certificate Principal
      Balance of the Class M-8 Certificates (after taking into account the
      distribution of the Class M-8 Principal Distribution Amount on such Distribution
      Date), (x) the Certificate Principal Balance of the Class M-9 Certificates
      (after taking into account the distribution of the Class M-9 Principal
      Distribution Amount on such Distribution Date) and (xi) the Certificate
      Principal Balance of the Class M-10 Certificates immediately prior to such
      Distribution Date over (y) the lesser of (A) the product of (i) 94.30% and
      (ii)
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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) and (B) the aggregate Stated Principal Balance of the Mortgage Loans
      as
      of the last day of the related Due Period (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) minus the Overcollateralization Floor.

     

    “Class
      P
      Certificate”: Any one of the Class P Certificates executed by the Trustee, and
      authenticated and delivered by the Certificate Registrar, substantially in
      the
      form annexed hereto as Exhibit A-17, representing a Regular Interest in REMIC
      5.

     

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

     

    “Class
      R
      Certificate”: The Class R Certificate executed by the Trustee, and authenticated
      and delivered by the Certificate Registrar, substantially in the form annexed
      hereto as Exhibit A-19 and evidencing the ownership of the Class R-1 Interest,
      the Class R-2 Interest and the Class R-3 Interest.

     

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

     

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

     

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

     

    “Class
      R-4 Interest”:  The uncertificated Residual Interest in REMIC
      4.

     

    “Class
      R-5 Interest”:  The uncertificated Residual Interest in REMIC
      5.

     

    “Class
      R-6 Interest”:  The uncertificated Residual Interest in REMIC
      6.

     

    “Class
      R-X Certificate”: The Class R-X Certificate executed by the Trustee, and
      authenticated and delivered by the Certificate Registrar, substantially in
      the
      form annexed hereto as Exhibit A-20 and evidencing the ownership of the Class
      R-4 Interest, the Class R-5 Interest and the Class R-6 Interest.

     

    “Close
      of
      Business”: As used herein, with respect to any Business Day, 5:00 p.m. (New York
      time).

     

    “Closing
      Date”: July 10, 2007.

     

    “Code”:  The
      Internal Revenue Code of 1986, as amended.

     

    “Collection
      Account”: The account or accounts created and maintained by the Servicer
      pursuant to Section 3.10(a), which shall be titled “Option One Mortgage
      Corporation, as Servicer for Wells Fargo Bank, N.A., as Trustee, in trust for
      registered Holders of Soundview Home Loan Trust 2007-OPT2, Asset-Backed
      Certificates, Series 2007-OPT2,” which must be an Eligible Account.

     

    “Compensating
      Interest”:  As defined in Section 3.24 hereof.

     

    “Corporate
      Trust Office”:  The principal corporate trust office of the Trustee at
      which at any particular time its corporate trust business in connection with
      this Agreement shall be administered, which office at the date of the execution
      of this instrument is located at Sixth Street and Marquette Avenue, Minneapolis,
      Minnesota 55479-0113, Attention: Corporate Trust Services - Soundview Home
      Loan
      Series 2007-OPT2, or at such other address as the Trustee may designate from
      time to time by notice to the Certificateholders, the Depositor, the Servicer
      and the Originator.

     

    “Corresponding
      Certificate”: With respect to each REMIC 2 Regular Interest set forth below, the
      corresponding Regular Certificate set forth in the table below:

     

    
      	
              
                REMIC
                  2 Regular Interest

              

            	
              
                Regular
                  Certificate

              

            
	
              LTIA1

            	
              Class
                I-A-1

            
	
              LTIIA1

            	
              Class
                II-A-1

            
	
              LTIIA2

            	
              Class
                II-A-2

            
	
              LTIIA3

            	
              Class
                II-A-3

            
	
              LTIIA4

            	
              Class
                II-A-4

            
	
              LTM1

            	
              Class
                M-1

            
	
              LTM2

            	
              Class
                M-2

            
	
              LTM3

            	
              Class
                M-3

            
	
              LTM4

            	
              Class
                M-4

            
	
              LTM5

            	
              Class
                M-5

            
	
              LTM6

            	
              Class
                M-6

            
	
              LTM7

            	
              Class
                M-7

            
	
              LTM8

            	
              Class
                M-8

            
	
              LTM9

            	
              Class
                M-9

            
	
              LTM10

            	
              Class
                M-10

            
	
              LTP

            	
              Class
                P

            

    

    

    “Credit
      Enhancement Percentage”:  For any Distribution Date, the percentage
      equivalent of a fraction, the numerator of which is the aggregate Certificate
      Principal Balance of the Mezzanine Certificates and the Class C Certificates,
      and the denominator of which is the aggregate Stated Principal Balance of the
      Mortgage Loans, calculated prior to taking into account payments of principal
      on
      the Mortgage Loans and distribution of the Group I Principal Distribution Amount
      and the Group II Principal Distribution Amount to the Holders of the
      Certificates then entitled to distributions of principal on such Distribution
      Date.

     

    “Cumulative
      Loss Percentage”:  With respect to any Distribution Date, the
      percentage equivalent of a fraction, the numerator of which is the aggregate
      amount of Realized Losses incurred from the Cut-off Date to the last day of
      the
      preceding calendar month and the denominator of which is the aggregate Stated
      Principal Balance of the Mortgage Loans as of the Cut-off Date.

     

    “Custodian”:
      Wells Fargo Bank, N.A., as custodian of the Mortgage Files, or any successor
      thereto.

     

    “Cut-off
      Date”: With respect to each Mortgage Loan, July 1, 2007.  With respect
      to all Qualified Substitute Mortgage Loans, their respective dates of
      substitution.

     

    “Cut-off
      Date Principal Balance”:  With respect to any Mortgage Loan, the
      unpaid Stated Principal Balance thereof as of the Cut-off Date of such Mortgage
      Loan (or as of the applicable date of substitution with respect to a Qualified
      Substitute Mortgage Loan), after giving effect to scheduled payments due on
      or
      before the Cut-off Date, whether or not received.

     

    “Debt
      Service Reduction”: With respect to any Mortgage Loan, a reduction in the
      scheduled Monthly Payment for such Mortgage Loan by a court of competent
      jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction
      resulting from a Deficient Valuation.

     

    “Deficient
      Valuation”: With respect to any Mortgage Loan, a valuation of the related
      Mortgaged Property by a court of competent jurisdiction in an amount less than
      the then outstanding Stated Principal Balance of the Mortgage Loan, which
      valuation results from a proceeding initiated under the Bankruptcy
      Code.

     

    “Definitive
      Certificates”:  As defined in Section 5.02(c) hereof.

     

    “Deleted
      Mortgage Loan”: A Mortgage Loan replaced or to be replaced by one or more
      Qualified Substitute Mortgage Loans.

     

    “Delinquency
      Servicer Termination Trigger”: A Delinquency Servicer Termination Trigger will
      have occurred with respect to the Certificates on a Distribution Date if the
      Three Month Rolling Delinquency Percentage for the Mortgage Loans exceeds
      25.00%.

     

    “Delinquency
      Percentage”:  For any Distribution Date, the percentage obtained by
      dividing (x) the aggregate Stated Principal Balance of Mortgage Loans Delinquent
      60 days or more (including Mortgage Loans that are REO Properties, in
      foreclosure or in bankruptcy and that are also Delinquent 60 days or more)
      by
      (y) the aggregate Stated Principal Balance of the Mortgage Loans, in each case,
      as of the last day of the previous calendar month, except in the case of
      liquidated Mortgage Loans, which shall be as of the last day of the related
      Prepayment Period.

     

    “Delinquent”:
      With respect to any Mortgage Loan and related Monthly Payment, the Monthly
      Payment due on a Due Date which is not made by the Close of Business on the
      next
      scheduled Due Date for such Mortgage Loan. For example, a Mortgage Loan is
      60 or
      more days Delinquent if the Monthly Payment due on a Due Date is not made by
      the
      Close of Business on the second scheduled Due Date after such Due
      Date.

     

    “Depositor”:
      Financial Asset Securities Corp., a Delaware corporation, or any successor
      in
      interest.

     

    “Depository”:
      The initial Depository shall be The Depository Trust Company, whose nominee
      is
      Cede & Co., or any other organization registered as a “clearing agency”
pursuant to Section 17A of the Exchange Act. The Depository shall initially
      be
      the registered Holder of the Book-Entry Certificates. The Depository shall
      at
      all times be a “clearing corporation” as defined in Section 8-102(3) of the
      Uniform Commercial Code of the State of New York.

     

    “Depository
      Institution”: Any depository institution or trust company, including the
      Trustee, that (a) is incorporated under the laws of the United States of America
      or any State thereof, (b) is subject to supervision and examination by federal
      or state banking authorities and (c) has, or is a subsidiary of a holding
      company that has, an outstanding unsecured commercial paper or other short-term
      unsecured debt obligations that are rated in the highest rating category (P-1
      by
      Moody’s and A-1 by S&P) by the Rating Agencies (or a comparable rating if
      S&P and Moody’s are not the Rating Agencies).

     

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

     

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

     

    “Directly
      Operate”: With respect to any REO Property, the furnishing or rendering of
      services to the tenants thereof, the management or operation of such REO
      Property, the holding of such REO Property primarily for sale to customers,
      the
      performance of any construction work thereon or any use of such REO Property
      in
      a trade or business conducted by any REMIC other than through an Independent
      Contractor; provided, however, that the Trustee (or the Servicer on behalf
      of
      the Trustee) shall not be considered to Directly Operate an REO Property solely
      because the Trustee (or the Servicer on behalf of the Trustee) establishes
      rental terms, chooses tenants, enters into or renews leases, deals with taxes
      and insurance, or makes decisions as to repairs or capital expenditures with
      respect to such REO Property.

     

    “Disqualified
      Organization”: A “disqualified organization” under Section 860E of the Code,
      which as of the Closing Date is any of: (i) 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, (ii)
      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, (iii)
      any
      organization described in Section 1381(a)(2)(C) of the Code or (iv) an “electing
      large partnership” within the meaning of Section 775 of the Code. 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, a majority of its board of directors is not selected by a governmental
      unit. The term “United States”, “state” and “international organizations” shall
      have the meanings set forth in Section 7701 of the Code.

     

    “Distribution
      Account”: The trust account or accounts created and maintained by the Trustee
      pursuant to Section 3.10(b) which shall be titled “Distribution Account, Wells
      Fargo Bank, N.A., as Trustee, in trust for the registered Certificateholders
      of
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series
      2007-OPT2” and which must be an Eligible Account.

     

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

     

    “Due
      Date”: With respect to each Mortgage Loan and any Distribution Date, the first
      day of the calendar month in which such Distribution Date occurs on which the
      Monthly Payment for such Mortgage Loan was due (or, in the case of any Mortgage
      Loan under the terms of which the Monthly Payment for such Mortgage Loan was
      due
      on a day other than the first day of the calendar month in which such
      Distribution Date occurs, the day during the related Due Period on which such
      Monthly Payment was due), exclusive of any days of grace.

     

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

     

    “Eligible
      Account”:  Any of (i) an account or accounts maintained with a
      Depository Institution; provided, that following a downgrade, withdrawal, or
      suspension of any such Depository Institution’s rating below A-2 by S&P,
      such account shall promptly (and in any case within not more than 30 calendar
      days) be moved to one or more segregated trust accounts in the trust department
      of such institution, or to an account at another institution that complies
      with
      the above requirements, (ii) a trust account or accounts maintained with the
      corporate trust department of a federal or state chartered depository
      institution or trust company acting in its fiduciary capacity or (iii) an
      account otherwise acceptable to each Rating Agency without reduction or
      withdrawal of their then current ratings of the Certificates as evidenced by
      a
      letter from each Rating Agency to the Trustee.  Eligible Accounts may
      bear interest.  Notwithstanding Section 11.01, this Agreement may be
      amended to reduce the rating requirements in clause (i) above, without the
      consent of any of the Certificateholders, provided that the Person requesting
      such amendment obtains a letter from each Rating Agency stating that such
      amendment would not result in the downgrading or withdrawal of the respective
      ratings then assigned to the Certificates.

     

    “ERISA”:
      The Employee Retirement Income Security Act of 1974, as amended.

     

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

     

    “Escrow
      Payments”: The amounts constituting ground rents, taxes, assessments, water
      rates, fire and hazard insurance premiums and other payments required to be
      escrowed by the Mortgagor with the mortgagee pursuant to any Mortgage
      Loan.

     

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

     

    “Excess
      Overcollateralized Amount”: With respect to the Floating Rate Certificates and
      any Distribution Date, the excess, if any, of the sum of (i) the
      Overcollateralized Amount for such Distribution Date, assuming that 100% of
      the
      Principal Remittance Amount is applied as a principal payment on such
      Distribution Date and (ii) any amounts received under the Interest Rate Swap
      Agreement or the Interest Rate Cap Agreement for such purpose over (iii) the
      Overcollateralization Target Amount for such Distribution Date.

     

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

     

    “Extra
      Principal Distribution Amount”: With respect to any Distribution Date, the
      lesser of (x) the Monthly Interest Distributable Amount distributable on the
      Class C Certificates on such Distribution Date as reduced by Realized Losses
      allocated thereto with respect to such Distribution Date pursuant to Section
      4.08 and (y) the Overcollateralization Deficiency Amount for such Distribution
      Date.

     

    “Fannie
      Mae”: Federal National Mortgage Association or any successor
      thereto.

     

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

     

    “Final
      Recovery Determination”: With respect to any defaulted Mortgage Loan or any REO
      Property (other than a Mortgage Loan or REO Property purchased by the
      Originator, the Seller or the Servicer pursuant to or as contemplated by Section
      2.03, Section 3.16(c) or Section 10.01), a determination made by the Servicer
      that all Insurance Proceeds, Liquidation Proceeds and other payments or
      recoveries which the Servicer, in its reasonable good faith judgment, expects
      to
      be finally recoverable in respect thereof have been so recovered. The Servicer
      shall maintain records, prepared by a Servicing Officer, of each Final Recovery
      Determination made thereby.

     

    “Fixed-Rate
      Mortgage Loan”:  A first lien Mortgage Loan which provides for a fixed
      Mortgage Rate payable with respect thereto.  The Fixed-Rate Mortgage
      Loans are identified as such on the Mortgage Loan Schedule.

     

    “Fixed
      Swap Payment”: With respect to any Distribution Date, an amount equal to the
      related amount set forth in the Interest Rate Swap Agreement.

     

    “Floating
      Rate Certificates”: The Class A Certificates and the Mezzanine
      Certificates.

     

    “Floating
      Swap Payment”:  With respect to any Distribution Date, an amount equal
      to the product of (i) Swap LIBOR, (ii) the related Notional Amount (as defined
      in the Interest Rate Swap Agreement), (iii) 250 and (iv) a fraction, the
      numerator of which is the actual number of days elapsed from and including
      the
      previous Floating Rate Payer Period End Date (as defined in the Interest Rate
      Swap Agreement) to but excluding the current Floating Rate Payer Period End
      Date
      (or, for the first Distribution Date, the actual number of days elapsed from
      the
      Closing Date to but excluding the first Floating Rate Payer Period End Date),
      and the denominator of which is 360.

     

    “Form
      8-K
      Disclosure Information”: The meaning set forth in 4.05(c)(i)

     

    “Formula
      Rate”:  For any Distribution Date and any Class of the Floating Rate
      Certificates, the lesser of (i) the Base Rate and (ii) the Maximum Cap
      Rate.

     

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

     

    “Gross
      Margin”: With respect to each Adjustable-Rate Mortgage Loan, the fixed
      percentage set forth in the related Mortgage Note that is added to the Index
      on
      each Adjustment Date in accordance with the terms of the related Mortgage Note
      used to determine the Mortgage Rate for such Mortgage Loan.

     

    “Group
      I
      Allocation Percentage”:  With respect to any Distribution Date, the
      percentage equivalent of a fraction, the numerator of which is (i) the Group
      I
      Principal Remittance Amount for such Distribution Date, and the denominator
      of
      which is (ii) the Principal Remittance Amount for such Distribution
      Date.

     

    “Group
      I
      Basic Principal Distribution Amount”: With respect to any Distribution Date, the
      excess of (i) the Group I Principal Remittance Amount for such Distribution
      Date
      over (ii)(a) the Overcollateralization Release Amount, if any, for such
      Distribution Date multiplied by (b) the Group I Allocation
      Percentage.

     

    “Group
      I
      Certificates”:  The Class I-A-1 Certificates.

     

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

     

    “Group
      I
      Mortgage Loan”: A Mortgage Loan assigned to Loan Group I with a Stated Principal
      Balance at origination that conforms to Fannie Mae and Freddie Mac loan
      limits.  The aggregate Stated Principal Balance of the Group I
      Mortgage Loans as of the Cut-off Date is equal to $346,745,441.41.

     

    “Group
      I
      Principal Distribution Amount”: With respect to any Distribution Date, that
      portion of the Available Funds equal to the sum of (i) the Group I Basic
      Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra
      Principal Distribution Amount for such Distribution Date multiplied by (b)
      the
      Group I Allocation Percentage.

     

    “Group
      I
      Principal Remittance Amount”: With respect to any Distribution Date, that
      portion of Available Funds equal to the sum of (i) each scheduled payment of
      principal collected or advanced on the Group I Mortgage Loans by the Servicer
      that were due during the related Due Period, (ii) the principal portion of
      all
      full Principal Prepayments of the Group I Mortgage Loans applied by the Servicer
      during the related Prepayment Period, (iii) the principal portion of all related
      partial Principal Prepayments, Net Liquidation Proceeds, Insurance Proceeds
      and
      Subsequent Recoveries received during the related Prepayment Period with respect
      to the Group I Mortgage Loans, (iv) that portion of the Purchase Price,
      representing principal of any repurchased Group I Mortgage Loan, deposited
      to
      the Collection Account during the related Prepayment Period, (v) the principal
      portion of any related Substitution Adjustments deposited in the Collection
      Account during the related Prepayment Period with respect to the Group I
      Mortgage Loans and (vi) on the Distribution Date on which the Trust Fund is
      to
      be terminated pursuant to Section 10.01, that portion of the Termination Price,
      in respect of principal on the Group I Mortgage Loans.

     

    “Group
      I
      Senior Principal Distribution Amount”:  The excess of (x) the
      Certificate Principal Balance of the Group I Certificates immediately prior
      to
      such Distribution Date over (y) the lesser of (A) the product of (i) 56.30%
      and
      (ii) the aggregate Stated Principal Balance of the Group I Mortgage Loans as
      of
      the last day of the related Due Period (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) and (B) the aggregate Stated Principal Balance of
      the
      Group I Mortgage Loans as of the last day of the related Due Period (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) minus the related
      Overcollateralization Floor.

     

    “Group
      II
      Allocation Percentage”:  With respect to any Distribution Date, the
      percentage equivalent of a fraction, the numerator of which is (i) the Group
      II
      Principal Remittance Amount for such Distribution Date, and the denominator
      of
      which is (ii) the Principal Remittance Amount for such Distribution
      Date.

     

    “Group
      II
      Basic Principal Distribution Amount”:  With respect to any
      Distribution Date, the excess of (i) the Group II Principal Remittance Amount
      for such Distribution Date over (ii)(a) the Overcollateralization Release
      Amount, if any, for such Distribution Date multiplied by (b) the Group II
      Allocation Percentage.

     

    “Group
      II
      Certificates”:  The Class II-A-1 Certificates, Class II-A-2
      Certificates, Class II-A-3 Certificates and Class II-A-4
      Certificates.

     

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

     

    “Group
      II
      Mortgage Loan”: A Mortgage Loan assigned to Loan Group II with a Stated
      Principal Balance at origination that may or may not conform to Fannie Mae
      and
      Freddie Mac loan limits.  The aggregate Stated Principal Balance of
      the Group II Mortgage Loans as of the Cut-off Date is equal to
      $215,334,675.34.

     

    “Group
      II
      Principal Distribution Amount”: With respect to any Distribution Date, that
      portion of the Available Funds equal to the sum of (i) the Group II Basic
      Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra
      Principal Distribution Amount for such Distribution Date multiplied by (b)
      the
      Group II Allocation Percentage.

     

    “Group
      II
      Principal Remittance Amount”: With respect to any Distribution Date, that
      portion of Available Funds equal to the sum of (i) each scheduled payment of
      principal collected or advanced on the Group II Mortgage Loans by the Servicer
      that were due during the related Due Period, (ii) the principal portion of
      all
      full Principal Prepayments of the Group II Mortgage Loans applied by the
      Servicer during the related Prepayment Period, (iii) the principal portion
      of
      all related partial Principal Prepayments, Net Liquidation Proceeds, Insurance
      Proceeds and Subsequent Recoveries received during the related Prepayment Period
      with respect to the Group II Mortgage Loans, (iv) that portion of the Purchase
      Price, representing principal of any repurchased Group II Mortgage Loan,
      deposited to the Collection Account during the related Prepayment Period, (v)
      the principal portion of any related Substitution Adjustments deposited in
      the
      Collection Account during the related Prepayment Period with respect to the
      Group II Mortgage Loans and (vi) on the Distribution Date on which the Trust
      Fund is to be terminated pursuant to Section 10.01, that portion of the
      Termination Price, in respect of principal on the Group II Mortgage
      Loans.

     

    “Group
      II
      Senior Principal Distribution Amount”: The excess of (x) the aggregate
      Certificate Principal Balance of the Group II Certificates immediately prior
      to
      such Distribution Date over (y) the lesser of (A) the product of (i) 56.30%
      and
      (ii) the aggregate Stated Principal Balance of the Group II Mortgage Loans
      as of
      the last day of the related Due Period (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) and (B) the aggregate Stated Principal Balance of
      the
      Group II Mortgage Loans as of the last day of the related Due Period (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) minus the related
      Overcollateralization Floor.

     

    “Highest
      Priority”:  As of any date of determination, the Class of Mezzanine
      Certificates then outstanding with a Certificate Principal Balance greater
      than
      zero, with the highest priority for payments pursuant to Section 4.01, in the
      following order of decreasing priority: Class M-1, Class M-2, Class M-3, Class
      M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class M-10
      Certificates.

     

    “Indenture”:  An
      indenture relating to the issuance of notes secured by the Class C Certificates,
      the Class P Certificates and/or the Class R Certificates (or any portion
      thereof) which may or may not be guaranteed by the NIMS Insurer.

     

    “Independent”:
      When used with respect to any specified Person, any such Person who (a) is
      in
      fact independent of the Depositor or the Servicer and their respective
      Affiliates, (b) does not have any direct financial interest in or any material
      indirect financial interest in the Depositor or the Servicer or any Affiliate
      thereof, and (c) is not connected with the Depositor or the Servicer or any
      Affiliate thereof as an officer, employee, promoter, underwriter, trustee,
      partner, director or Person performing similar functions; provided, however,
      that a Person shall not fail to be Independent of the Depositor or the Servicer
      or any Affiliate thereof merely because such Person is the beneficial owner
      of
      1% or less of any class of securities issued by the Depositor or the Servicer
      or
      any Affiliate thereof, as the case may be.

     

    “Independent
      Contractor”: Either (i) any Person (other than the Servicer) that would be an
“independent contractor” with respect to any of the REMICs created hereunder
      within the meaning of Section 856(d)(3) of the Code if such REMIC were a real
      estate investment trust (except that the ownership tests set forth in that
      section shall be considered to be met by any Person that owns, directly or
      indirectly, 35% or more of any Class of Certificates), so long as each such
      REMIC does not receive or derive any income from such Person and provided that
      the relationship between such Person and such REMIC is at arm’s length, all
      within the meaning of Treasury Regulation Section 1.856-4(b)(5), or (ii) any
      other Person (including the Servicer) if the Trustee has received an Opinion
      of
      Counsel to the effect that the taking of any action in respect of any REO
      Property by such Person, subject to any conditions therein specified, that
      is
      otherwise herein contemplated to be taken by an Independent Contractor will
      not
      cause such REO Property to cease to qualify as “foreclosure property” within the
      meaning of Section 860G(a)(8) of the Code (determined without regard to the
      exception applicable for purposes of Section 860D(a) of the Code), or cause
      any
      income realized in respect of such REO Property to fail to qualify as Rents
      from
      Real Property.

     

    “Index”:
      With respect to each Adjustable-Rate Mortgage Loan and with respect to each
      related Adjustment Date, the index as specified in the related Mortgage
      Note.

     

    “Initial
      Certificate Principal Balance”: With respect to any Regular Certificate, the
      amount designated “Initial Certificate Principal Balance” on the face
      thereof.

     

    “Insurance
      Proceeds”: Proceeds of any title policy, hazard policy or other insurance policy
      covering a Mortgage Loan to the extent such proceeds are received by the
      Servicer and are not to be applied to the restoration of the related Mortgaged
      Property or released to the Mortgagor in accordance with the procedures that
      the
      Servicer would follow in servicing mortgage loans held for its own account,
      subject to the terms and conditions of the related Mortgage Note and
      Mortgage.

     

    “Interest
      Determination Date”: With respect to the Floating Rate Certificates and each
      Accrual Period, the second LIBOR Business Day preceding the commencement of
      such
      Accrual Period.

     

    “Interest
      Rate Cap Agreement”:  The interest rate cap agreement, dated the
      Closing Date between the Cap Trustee on behalf of the Cap Trust and the Interest
      Rate Cap Provider, including any schedule, confirmations, credit support annex
      or other credit support document relating thereto, and attached hereto as
      Exhibit O.

     

    “Interest
      Rate Cap Collateral Account”:  As defined in Section
      4.12.

     

    “Interest
      Rate Cap Credit Support Annex”: The credit support annex, dated the Closing
      Date, between the Cap Trustee on behalf of the Cap Trust and the Interest Rate
      Cap Provider, which is annexed to and forms part of the Interest Rate Cap
      Agreement.

     

    “Interest
      Rate Cap Provider”:  The cap provider under the Interest Rate Cap
      Agreement.  Initially, the Interest Rate Cap Provider shall be The
      Bank of New York.

     

    “Interest
      Rate Swap Agreement”: The interest rate swap agreement, dated the Closing Date,
      between the Supplemental Interest Trust Trustee and the Swap Provider, including
      any schedule, confirmations, credit support annex or other credit support
      document relating thereto, and attached hereto as Exhibit Q.

     

    “Late
      Collections”: With respect to any Mortgage Loan, all amounts received by the
      Servicer subsequent to the Determination Date immediately following any related
      Due Period, whether as late payments of Monthly Payments or as Insurance
      Proceeds, Liquidation Proceeds or otherwise, which represent late payments
      or
      collections of principal and/or interest due (without regard to any acceleration
      of payments under the related Mortgage and Mortgage Note) but delinquent on
      a
      contractual basis for such Due Period and not previously recovered.

     

    “Latest
      Possible Maturity Date”: As to each Class of Certificates, the date set forth as
      such in the Prospectus Supplement.

     

    “LIBOR”:
      With respect to each Accrual Period, the rate determined by the Trustee on
      the
      related Interest Determination Date on the basis of the London interbank offered
      rate for one-month United States dollar deposits, as such rate appears on the
      Reuters Screen LIBOR01 Page, as of 11:00 a.m. (London time) on such Interest
      Determination Date. If such rate does not appear on Reuters Screen LIBOR01
      Page,
      the rate for such Interest Determination Date will be determined on the basis
      of
      the offered rates of the Reference Banks for one-month United States dollar
      deposits, as of 11:00 a.m. (London time) on such Interest Determination Date.
      The Trustee will request the principal London office of each of the Reference
      Banks to provide a quotation of its rate. On such Interest Determination Date,
      LIBOR for the related Accrual Period will be established by the Trustee as
      follows:

     

    (i)  If
      on
      such Interest Determination Date two or more Reference Banks provide such
      offered quotations, LIBOR for the related Accrual Period shall be the arithmetic
      mean of such offered quotations (rounded upwards if necessary to the nearest
      whole multiple of 1/16 of 1%); and

     

    (ii)  If
      on
      such Interest Determination Date fewer than two Reference Banks provide such
      offered quotations, LIBOR for the related Accrual Period shall be the higher
      of
      (i) LIBOR as determined on the previous Interest Determination Date and (ii)
      the
      Reserve Interest Rate.

     

    “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.

     

    “Liquidated
      Mortgage Loan”: As to any Distribution Date, any Mortgage Loan in respect of
      which the 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
      Event”: With respect to any Mortgage Loan, any of the following events: (i) such
      Mortgage Loan is paid in full, (ii) a Final Recovery Determination is made
      as to
      such Mortgage Loan or (iii) such Mortgage Loan is removed from the Trust Fund
      by
      reason of its being purchased, sold or replaced pursuant to or as contemplated
      by Section 2.03, Section 3.16(c) or Section 10.01. With respect to any REO
      Property, either of the following events: (i) a Final Recovery Determination
      is
      made as to such REO Property or (ii) such REO Property is removed from the
      Trust
      Fund by reason of its being sold or purchased pursuant to Section 3.23 or
      Section 10.01.

     

    “Liquidation
      Proceeds”: The amount (other than amounts received in respect of the rental of
      any REO Property prior to REO Disposition) received by the Servicer in
      connection with (i) the taking of all or a part of a Mortgaged Property by
      exercise of the power of eminent domain or condemnation, (ii) the liquidation
      of
      a defaulted Mortgage Loan by means of a trustee’s sale, foreclosure sale or
      otherwise or (iii) the repurchase, substitution or sale of a Mortgage Loan
      or an
      REO Property pursuant to or as contemplated by Section 2.03, Section 3.16(c),
      Section 3.23 or Section 10.01.

     

    “Loan-to-Value
      Ratio”: As of any date and as to any Mortgage Loan, the fraction, expressed as a
      percentage, the numerator of which is the Stated Principal Balance of the
      Mortgage Loan and the denominator of which is the Value of the related Mortgaged
      Property.

     

    “Loan
      Group”: Either Loan Group I or Loan Group II, as the context
      requires.

     

    “Loan
      Group I”: The group of Mortgage Loans identified in the Mortgage Loan Schedule
      as having been assigned to Loan Group I.

     

    “Loan
      Group II”: The group of Mortgage Loans identified in the Mortgage Loan Schedule
      as having been assigned to Loan Group II.

     

    “Losses”:  As
      defined in Section 9.03.

     

    “Lost
      Note Affidavit”: With respect to any Mortgage Loan as to which the original
      Mortgage Note has been permanently lost, misplaced or destroyed and has not
      been
      replaced, an affidavit from the Originator certifying that the original Mortgage
      Note has been lost, misplaced or destroyed (together with a copy of the related
      Mortgage Note) and indemnifying the Trust against any loss, cost or liability
      resulting from the failure to deliver the original Mortgage Note in the form
      of
      Exhibit H hereto.

     

    “Majority
      Certificateholders”: The Holders of Certificates evidencing at least 51% of the
      Voting Rights.

     

    “Marker
      Rate”:  With respect to the Class C Interest and any Distribution
      Date, a per annum rate equal to two (2) times the weighted average of the
      Uncertificated REMIC 2 Pass-Through Rates for each REMIC 2 Regular Interest
      (other than REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTIO and
      REMIC 2 Regular Interest LTP), with the rate on each such REMIC 2 Regular
      Interest (other than REMIC 2 Regular Interest LTZZ) subject to a cap equal
      to
      the Pass-Through Rate for the Corresponding Certificate for the purpose of
      this
      calculation; and with the rate on REMIC 2 Regular Interest LTZZ subject to
      a cap
      of zero for the purpose of this calculation; provided, however, that solely
      for
      this purpose, calculations of the Uncertificated REMIC 2 Pass-Through Rate
      and
      the related caps with respect to each such REMIC 2 Regular Interest (other
      than
      REMIC 2 Regular Interest LTZZ) shall be multiplied by a fraction, the numerator
      of which is the actual number of days in the related Interest Accrual Period
      and
      the denominator of which is 30.

     

    “Master
      Agreement”: The Amended and Restated Master Mortgage Loan Purchase and Servicing
      Agreement, dated March 1, 2005, as amended and restated on April 1, 2007, among
      the Originator, certain affiliates of the Originator and the
      Seller.

     

    “Maximum
      Cap Rate”:  With respect to any Distribution Date and any Class of the
      Floating Rate Certificates, a per annum rate (which rate shall be multiplied
      by
      a fraction, the numerator of which is 30 and the denominator of which is the
      actual number of days elapsed in the related Accrual Period) equal to the
      weighted average of the Adjusted Net Maximum Mortgage Rates of the Mortgage
      Loans (weighted based on the aggregate Stated Principal Balance of the Mortgage
      Loans as of the first day of the related Due Period or, in the case of the
      first
      Distribution Date, the Cut-off Date, adjusted, except in the case of the first
      Distribution Date, to reflect unscheduled principal payments made thereafter
      during the Prepayment Period that includes such first day of the related Due
      Period) minus (x) the Swap Expense Fee Rate plus (y) an amount, expressed as
      a
      per annum rate, equal to the product of (i) the Net Swap Payment made by the
      Swap Provider divided by the aggregate Principal Balance of the Mortgage Loans
      and (ii) 12.

     

    “Maximum
      Mortgage Rate”: With respect to each Adjustable-Rate Mortgage Loan, the
      percentage set forth in the related Mortgage Note as the maximum Mortgage Rate
      thereunder.

     

    “Maximum
      Uncertificated Accrued Interest Deferral Amount”:  With respect to any
      Distribution Date, the excess of (a) accrued interest at the Uncertificated
      REMIC 2 Pass-Through Rate applicable to REMIC 2 Regular Interest LTZZ for such
      Distribution Date on a balance equal to the Uncertificated Principal Balance
      of
      REMIC 2 Regular Interest LTZZ minus the REMIC 2 Overcollateralization Amount,
      in
      each case for such Distribution Date, over (b) the sum of the Uncertificated
      Accrued Interest on REMIC 2 Regular Interest LTIA1, REMIC 2 Regular Interest
      LTIIA1, REMIC 2 Regular Interest LTIIA2, REMIC 2 Regular Interest LTIIA3, REMIC
      2 Regular Interest LTIIA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular
      Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular Interest LTM4,
      REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular
      Interest LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular Interest LTM9
      and
      REMIC 2 Regular Interest LTM10, with the rate on each such REMIC 2 Regular
      Interest subject to a cap equal to the Pass-Through Rate for the related
      Corresponding Certificate for the purpose of this calculation; provided,
      however, that for this purpose, calculations of the Uncertificated REMIC 2
      Pass-Through Rate and the related caps with respect to each such REMIC 2 Regular
      Interest (other than REMIC 2 Regular Interest LTZZ) shall be multiplied by
      a
      fraction, the numerator of which is the actual number of days elapsed in the
      related Accrual Period and the denominator of which is 30.

     

    “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.

     

    “Mezzanine
      Certificate”: Any Class M-1 Certificate, Class M-2 Certificate, Class M-3
      Certificate, Class M-4 Certificate, Class M-5 Certificate, Class M-6
      Certificate, Class M-7 Certificate, Class M-8 Certificate, Class M-9 Certificate
      or Class M-10 Certificate.

     

    “Minimum
      Mortgage Rate”: With respect to each Adjustable-Rate Mortgage Loan, the
      percentage set forth in the related Mortgage Note as the minimum Mortgage Rate
      thereunder.

     

    “Monthly
      Interest Distributable Amount”: With respect to any Class of Floating Rate
      Certificates and the Class C Certificates and any Distribution Date, the amount
      of interest accrued during the related Accrual Period at the related
      Pass-Through Rate on the Certificate Principal Balance (or Notional Amount
      in
      the case of the Class C Certificates) of such Class immediately prior to such
      Distribution Date, in each case, reduced by any Net Prepayment Interest
      Shortfalls and Relief Act Interest Shortfalls (allocated to such Certificate
      based on its respective entitlements to interest irrespective of any Net
      Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such
      Distribution Date).

     

    “Monthly
      Payment”: With respect to any Mortgage Loan, the scheduled monthly payment of
      principal and interest on such Mortgage Loan which is payable by the related
      Mortgagor from time to time under the related Mortgage Note, determined: (a)
      after giving effect to (i) any Deficient Valuation and/or Debt Service Reduction
      with respect to such Mortgage Loan, (ii) any modifications to a Mortgage Loan
      pursuant to Section 3.07 and (iii) any reduction in the amount of interest
      collectible from the related Mortgagor pursuant to the Relief Act; (b) without
      giving effect to any extension granted or agreed to by the Servicer pursuant
      to
      Section 3.07; and (c) on the assumption that all other amounts, if any, due
      under such Mortgage Loan are paid when due.

     

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

     

    “Mortgage”:
      The mortgage, deed of trust or other instrument creating a first lien on, or
      first priority security interest in, a Mortgaged Property securing a Mortgage
      Note.

     

    “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.

     

    “Mortgage
      Loan”: Each mortgage loan transferred and assigned to the Trustee pursuant to
      Section 2.01 or Section 2.03(d) as from time to time held as a part of the
      Trust
      Fund, the Mortgage Loans so held being identified in the Mortgage Loan
      Schedule.

     

    “Mortgage
      Loan Schedule”: As of any date, the list of Mortgage Loans included in REMIC 1
      on such date, separately identifying the Group I Mortgage Loans and the Group
      II
      Mortgage Loans, attached hereto as Exhibit D. The Mortgage Loan Schedule shall
      be prepared by the Depositor and shall set forth the following information
      with
      respect to each Mortgage Loan, as applicable:

     

    (i)  the
      Mortgage Loan identifying number;

     

    (ii)  [reserved];

     

    (iii)  the
      state
      and zip code of the Mortgaged Property;

     

    (iv)  a
      code
      indicating whether the Mortgaged Property was represented by the borrower,
      at
      the time of origination, as being owner-occupied;

     

    (v)  the
      type
      of Residential Dwelling constituting the Mortgaged Property;

     

    (vi)  the
      original months to maturity;

     

    (vii)  the
      stated remaining months to maturity from the Cut-off Date based on the original
      amortization schedule;

     

    (viii)  the
      Loan-to-Value Ratio at origination;

     

    (ix)  the
      Mortgage Rate in effect immediately following the Cut-off Date;

     

    (x)  the
      date
      on which the first Monthly Payment was due on the Mortgage Loan;

     

    (xi)  the
      stated maturity date;

     

    (xii)  the
      amount of the Monthly Payment at origination;

     

    (xiii)  the
      amount of the Monthly Payment due on the first Due Date after the Cut- off
      Date;

     

    (xiv)  the
      last
      Due Date on which a Monthly Payment was actually applied to the unpaid Stated
      Principal Balance;

     

    (xv)  the
      original principal amount of the Mortgage Loan;

     

    (xvi)  the
      Stated Principal Balance of the Mortgage Loan as of the Close of Business on
      the
      Cut-off Date;

     

    (xvii)  a
      code
      indicating the purpose of the Mortgage Loan (i.e., purchase financing, rate/term
      refinancing, cash-out refinancing);

     

    (xviii)  the
      Mortgage Rate at origination;

     

    (xix)  a
      code
      indicating the documentation program (i.e., full documentation, limited income
      verification, no income verification, alternative income
      verification);

     

    (xx)  the
      risk
      grade;

     

    (xxi)  the
      Value
      of the Mortgaged Property;

     

    (xxii)  the
      sale
      price of the Mortgaged Property, if applicable;

     

    (xxiii)  the
      actual unpaid principal balance of the Mortgage Loan as of the Cut-off
      Date;

     

    (xxiv)  the
      type
      and term of the related Prepayment Charge;

     

    (xxv)  with
      respect to any Adjustable-Rate Mortgage Loan, the rounding code, the Minimum
      Mortgage Rate, the Maximum Mortgage Rate, the Gross Margin, the next Adjustment
      Date and the Periodic Rate Cap;

     

    (xxvi)  the
      program code;

     

    (xxvii)  the
      Loan
      Group; and

     

    (xxviii)  the
      lien
      priority.

     

    The
      Mortgage Loan Schedule shall set forth the following information, with respect
      to the Mortgage Loans in the aggregate and for each Loan Group as of the Cut-off
      Date: (1) the number of Mortgage Loans; (2) the current Principal Balance of
      the
      Mortgage Loans; (3) the weighted average Mortgage Rate of the Mortgage Loans
      and
      (4) the weighted average remaining term to maturity of the Mortgage Loans.
      The
      Mortgage Loan Schedule shall be amended from time to time by the Servicer in
      accordance with the provisions of this Agreement. With respect to any Qualified
      Substitute Mortgage Loan, Cut-off Date shall refer to the Cut-off Date for
      such
      Mortgage Loan, determined in accordance with the definition of Cut-off Date
      herein.  On the Closing Date, the Depositor will deliver to the
      Servicer, as of the Cut-off Date, an electronic copy of the Mortgage Loan
      Schedule.

     

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

     

    “Mortgage
      Pool”: The pool of Mortgage Loans, identified on Exhibit D from time to time,
      and any REO Properties acquired in respect thereof.

     

    “Mortgage
      Rate”: With respect to each Fixed-Rate Mortgage Loan, the rate set forth in the
      related Mortgage Note.  With respect to each Adjustable-Rate Mortgage
      Loan, the annual rate at which interest accrues on such Mortgage Loan from
      time
      to time in accordance with the provisions of the related Mortgage Note, which
      rate (A) as of any date of determination until the first Adjustment Date
      following the Cut-off Date shall be the rate set forth in the Mortgage Loan
      Schedule as the Mortgage Rate in effect immediately following the Cut-off Date
      and (B) as of any date of determination thereafter shall be the rate as adjusted
      on the most recent Adjustment Date, to equal the sum, rounded to the next
      highest or nearest 0.125% (as provided in the Mortgage Note), of the Index,
      determined as set forth in the related Mortgage Note, plus the related Gross
      Margin subject to the limitations set forth in the related Mortgage Note. With
      respect to each Mortgage Loan that becomes an REO Property, as of any date
      of
      determination, the annual rate determined in accordance with the immediately
      preceding sentence as of the date such Mortgage Loan became an REO
      Property.

     

    “Mortgaged
      Property”: The underlying property securing a Mortgage Loan, including any REO
      Property, consisting of a fee simple estate in a parcel of real property
      improved by a Residential Dwelling.

     

    “Mortgagor”:  The
      obligor 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 and Insurance Proceeds net of Advances, Servicing Advances,
      Servicing Fees and any other accrued and unpaid servicing fees or ancillary
      income received and retained in connection with the liquidation of such Mortgage
      Loan or Mortgaged Property.

     

    “Net
      Monthly Excess Cashflow”: With respect to each Distribution Date, the sum of (a)
      any Overcollateralization Release Amount for such Distribution Date and (b)
      the
      excess of (x) Available Funds for such Distribution Date over (y) the sum for
      such Distribution Date of (A) the Monthly Interest Distributable Amounts for
      the
      Floating Rate Certificates, (B) the Unpaid Interest Shortfall Amounts for the
      Class A Certificates and (C) the Principal Remittance Amount.

     

    “Net
      Mortgage Rate”: With respect to any Mortgage Loan (or the related REO Property),
      as of any date of determination, a per annum rate of interest equal to the
      then
      applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee
      Rate.

     

    “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”: In the case of payments made by the Trust, the excess, if any, of (x)
      the Fixed Swap Payment over (y) the Floating Swap Payment and in the case of
      payments made by the Swap Provider, the excess, if any, of (x) the Floating
      Swap
      Payment over (y) the Fixed Swap Payment. In each case, the Net Swap Payment
      shall not be less than zero.

     

    “Net
      WAC
      Rate”:  With respect to any Distribution Date and any Class of
      Floating Rate Certificates, a per annum rate (which rate, in the case of the
      Floating Rate Certificates, shall be multiplied by a fraction, the numerator
      of
      which is 30 and the denominator of which is the actual number of days elapsed
      in
      the related Accrual Period) equal to the weighted average of the Adjusted Net
      Mortgage Rates of the Mortgage Loans (weighted based on the aggregate Stated
      Principal Balance of the Mortgage Loans as of the first day of the related
      Due
      Period or, in the case of the first Distribution Date, the Cut-off Date,
      adjusted, except in the case of the first Distribution Date, to reflect
      unscheduled principal payments made thereafter during the Prepayment Period
      that
      includes such first day of the related Due Period) minus the Swap Expense Fee
      Rate.  For federal income tax purposes, the equivalent of the
      foregoing shall be expressed as a per annum rate (which rate, in the case of
      the
      Floating Rate Certificates, shall be multiplied by a fraction, the numerator
      of
      which is 30 and the denominator of which is the actual number of days elapsed
      in
      the related Accrual Period) equal to the weighted average of the Uncertificated
      REMIC 2 Pass-Through Rates on each REMIC 2 Regular Interest (other than REMIC
      2
      Regular Interest LTIO), weighted on the basis of the Uncertificated Principal
      Balance of each such REMIC 2 Regular Interest.

     

    “Net
      WAC
      Rate Carryover Amount”: With respect to any Class of Floating Rate Certificates
      and any Distribution Date, the sum of (A) the positive excess of (i) the amount
      of interest accrued on such Class of Certificates on such Distribution Date
      calculated at the related Formula Rate over (ii) the amount of interest accrued
      on such Class of Certificates at the Net WAC Rate for such Distribution Date
      and
      (B) the Net WAC Rate Carryover Amount for the previous Distribution Date not
      previously paid, together with interest thereon at a rate equal to the related
      Formula Rate for the most recently ended Accrual Period.

     

    “Net
      WAC
      Rate Carryover Reserve Account”: The account established and maintained pursuant
      to Section 4.08.

     

    “New
      Lease”: Any lease of REO Property entered into on behalf of the Trust, including
      any lease renewed or extended on behalf of the Trust if the Trust has the right
      to renegotiate the terms of such lease.

     

    “NIMS
      Insurer”:  Any insurer that is guaranteeing certain payments under
      notes secured by collateral which includes all or a portion of the Class C
      Certificates, the Class P Certificates and/or the Residual
      Certificates.

     

    “Nonrecoverable
      Advance”: Any Advance or Servicing Advance previously made or proposed to be
      made in respect of a Mortgage Loan or REO Property that, in the good faith
      business judgment of the Servicer, will not be ultimately recoverable from
      Late
      Collections, Insurance Proceeds, Liquidation Proceeds or condemnation proceeds
      on such Mortgage Loan or REO Property as provided herein.

     

    “Notional
      Amount”: Immediately prior to any Distribution Date with respect to the Class C
      Interest, the aggregate Uncertificated Principal Balance of the REMIC 2 Regular
      Interests (other than REMIC 2 Regular Interest LTP).

     

    “Offered
      Certificates”:  The Floating Rate Certificates (other than the Class
      M-10 Certificates) offered to the public pursuant to the Prospectus
      Supplement.

     

    “Officers’
      Certificate”: A certificate signed by the Chairman of the Board, the Vice
      Chairman of the Board, the President or a vice president (however denominated),
      or by the Treasurer, the Secretary, or one of the assistant treasurers or
      assistant secretaries of the Servicer, the Originator, the Seller or the
      Depositor, as applicable.

     

    “Opinion
      of Counsel”: A written opinion of counsel, who may, without limitation, be a
      salaried counsel for the Depositor, the Seller or the Servicer, acceptable
      to
      the Trustee, except that any opinion of counsel relating to (a) the
      qualification of any REMIC as a REMIC or (b) compliance with the REMIC
      Provisions must be an opinion of Independent counsel.

     

    “Optional
      Termination Date”: The first Distribution Date on which the Terminator may opt
      to terminate the Trust Fund pursuant to Section 10.01.

     

    “Original
      Class Certificate Principal Balance”: With respect to the Floating Rate
      Certificates, the Class C Certificates, the Class C Interest, the Class IO
      Interest, REMIC 6 Regular Interest SWAP IO, the Class P Certificates and the
      Class P Interest, the corresponding amounts set forth opposite such Class above
      in the Preliminary Statement.

     

    “Originator”:
      Option One Mortgage Corporation, or its successor in interest.

     

    “Overcollateralization
      Deficiency Amount”:  With respect to any Distribution Date, the
      amount, if any, by which the Overcollateralization Target Amount exceeds the
      Overcollateralized Amount on such Distribution Date (assuming that 100% of
      the
      Principal Remittance Amount is applied as a principal distribution on such
      Distribution Date).

     

    “Overcollateralization
      Floor”: With respect to the Group I Certificates, $1,733,727.21.  With
      respect to the Group II Certificates, $1,076,673.38. With respect to the
      Mezzanine Certificates and for the purpose of calculating the
      Overcollateralization Target Amount, $2,810,400.58.

     

    “Overcollateralization
      Release Amount”: With respect to any Distribution Date, the lesser of (x) the
      Principal Remittance Amount for such Distribution Date and (y) the Excess
      Overcollateralized Amount.

     

    “Overcollateralization
      Target Amount”:  With respect to any Distribution Date (x) prior to
      the Stepdown Date, an amount equal to 2.85% of the aggregate Cut-off Date
      Principal Balance of the Mortgage Loans, (y) on or after the Stepdown Date
      provided a Trigger Event is not in effect, the greater of (A) 5.70% of the
      aggregate Stated Principal Balance of the Mortgage Loans as of the last day
      of
      the related Due Period (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) and (B) the Overcollateralization Floor and (z) on or after the Stepdown
      Date if a Trigger Event is in effect, the Overcollateralization Target Amount
      for the immediately preceding Distribution Date.  Notwithstanding the
      foregoing, on and after any Distribution Date following the reduction of the
      aggregate Certificate Principal Balance of the Floating Rate Certificates to
      zero, the Overcollateralization Target Amount shall be zero.

     

    “Overcollateralized
      Amount”: For any Distribution Date, the amount equal to (i) the aggregate Stated
      Principal Balance of the Mortgage Loans as of the last day of the related Due
      Period (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) minus
      (ii) the aggregate Certificate Principal Balance of the Floating Rate
      Certificates and the Class P Certificates as of such Distribution Date after
      giving effect to distributions to be made on such Distribution
      Date.

     

    “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 the Floating Rate Certificates and any Distribution Date,
      the lesser of (a) the related Formula Rate and (b) the Net WAC Rate for such
      Distribution Date.

     

    With
      respect to the Class C Interest and any Distribution Date, a per annum rate
      equal to the percentage equivalent of a fraction, the numerator of which is
      (x)
      the sum of (i) 100% of the interest on REMIC 2 Regular Interest LTP and (ii)
      interest on the Uncertificated Balance of each REMIC 2 Regular Interest listed
      in clause (y) at a rate equal to the related Uncertificated REMIC 2 Pass-Through
      Rate minus the Marker Rate and the denominator of which is (y) the aggregate
      Uncertificated Principal Balance of REMIC 2 Regular Interests LTAA, LTIA1,
      LTIIA1, LTIIA2, LTIIA3, LTIIA4, LTM1, LTM2, LTM3, LTM4, LTM5, LTM6, LTM7, LTM8,
      LTM9, LTM10 and LTZZ.

     

    With
      respect to the Class C Certificates, 100% of the interest distributable to
      the
      Class C Interest, expressed as a per annum rate.

     

    The
      Class
      IO Interest shall not have a Pass-Through Rate, but interest for such Regular
      Interest and each Distribution Date shall be an amount equal to 100% of the
      amounts distributable to REMIC 2 Regular Interest LTIO.

     

    The
      REMIC
      6 Regular Interest SWAP IO Interest shall not have a Pass-Through Rate, but
      interest for such Regular Interest and each Distribution Date shall be an amount
      equal to 100% of the amounts distributable to the Class IO Interest for such
      Distribution Date.

     

    The
      Class
      P Certificates, Class L Certificates, Class R Certificates and Class R-X
      Certificates will not accrue interest and therefore will not have a Pass-Through
      Rate.

     

    “Paying
      Agent”:  Any paying agent appointed pursuant to Section
      5.05.

     

    “Percentage
      Interest”: With respect to any Certificate (other than the Class L Certificate
      and a Residual Certificate), a fraction, expressed as a percentage, the
      numerator of which is the Initial Certificate Principal Balance represented
      by
      such Certificate and the denominator of which is the Original Class Certificate
      Principal Balance of the related Class. With respect to the Class L Certificate
      and a Residual Certificate, the portion of the Class evidenced thereby,
      expressed as a percentage, as stated on the face of such Certificate; provided,
      however, that the sum of all such percentages for each such Class totals
      100%.

     

    “Periodic
      Rate Cap”: With respect to each Adjustable-Rate Mortgage Loan and any Adjustment
      Date therefor, the fixed percentage set forth in the related Mortgage Note,
      which is the maximum amount by which the Mortgage Rate for such Mortgage Loan
      may increase or decrease (without regard to the Maximum Mortgage Rate or the
      Minimum Mortgage Rate) on such Adjustment Date from the Mortgage Rate in effect
      immediately prior to such Adjustment Date.

     

    “Permitted
      Investments”: Any one or more of the following obligations or securities
      acquired at a purchase price of not greater than par, regardless of whether
      issued or managed by the Depositor, the Servicer, the NIMS Insurer, the Trustee
      or any of their respective Affiliates or for which an Affiliate of the NIMS
      Insurer or Trustee serves as an advisor:

     

    (xxix)  direct
      obligations of, or obligations fully guaranteed as to timely payment of
      principal and interest by, the United States or any agency or instrumentality
      thereof, provided such obligations are backed by the full faith and credit
      of
      the United States;

     

    (xxx)  (A)
      demand and time deposits in, certificates of deposit of, bankers’ acceptances
      issued by or federal funds sold by any depository institution or trust company
      (including the Trustee or its agent acting in their respective commercial
      capacities) incorporated under the laws of the United States of America or
      any
      state thereof and subject to supervision and examination by federal and/or
      state
      authorities, so long as, at the time of such investment or contractual
      commitment providing for such investment, such depository institution or trust
      company (or, if the only Rating Agency is S&P, in the case of the principal
      depository institution in a depository institution holding company, debt
      obligations of the depository institution holding company) or its ultimate
      parent has a short-term uninsured debt rating in one of the two highest
      available ratings of Moody’s and the highest available rating category of Fitch
      and S&P and provided that each such investment has an original maturity of
      no more than 365 days; and provided further that, if the only Rating Agency
      is
      S&P 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 S&P if S&P is the Rating Agency; and (B)
      any other demand or time deposit or deposit which is fully insured by the
      FDIC;

     

    (xxxi)  repurchase
      obligations with a term not to exceed 30 days with respect to any security
      described in clause (i) above and entered into with a depository institution
      or
      trust company (acting as principal) rated F-1+ or higher by Fitch, P-1 by
      Moody’s and rated A-1+ or higher by S&P, provided, however, that collateral
      transferred pursuant to such repurchase obligation must be of the type described
      in clause (i) above and must (A) be valued daily at current market prices plus
      accrued interest, (B) pursuant to such valuation, be equal, at all times, to
      105% of the cash transferred by the Trustee in exchange for such collateral
      and
      (C) be delivered to the Trustee or, if the Trustee is supplying the collateral,
      an agent for the Trustee, in such a manner as to accomplish perfection of a
      security interest in the collateral by possession of certificated
      securities;

     

    (xxxii)  securities
      bearing interest or sold at a discount that are issued by any corporation
      incorporated under the laws of the United States of America or any State thereof
      and that are rated by S&P (and if rated by any other Rating Agency, also by
      such other Rating Agency) in its highest long-term unsecured rating category
      at
      the time of such investment or contractual commitment providing for such
      investment;

     

    (xxxiii)  commercial
      paper (including both non-interest-bearing discount obligations and
      interest-bearing obligations payable on demand or on a specified date not more
      than 30 days after the date of acquisition thereof) that is rated by S&P
      (and if rated by any other Rating Agency, also by such other Rating Agency)
      in
      its highest short-term unsecured debt rating available at the time of such
      investment;

     

    (xxxiv)  units
      of
      money market funds, including those money market funds managed or advised by
      the
      Trustee or its Affiliates, that have been rated “AAA” by Fitch (if rated by
      Fitch), “Aaa” by Moody’s and “AAAm” or “AAAm-G” by S&P; and

     

    (xxxv)  if
      previously confirmed in writing to the Trustee, any other demand, money market
      or time deposit, or any other obligation, security or investment, as may be
      acceptable to the Rating Agencies in writing as a permitted investment of funds
      backing securities having ratings equivalent to its highest initial rating
      of
      the Class A Certificates;

     

    provided,
      that no instrument described hereunder shall evidence either the right to
      receive (a) only interest with respect to the obligations underlying such
      instrument or (b) both principal and interest payments derived from obligations
      underlying such instrument and the interest and principal payments with respect
      to such instrument provide a yield to maturity at par greater than 120% of
      the
      yield to maturity at par of the underlying obligations.

     

    “Permitted
      Transferee”: Any transferee of a Residual Certificate other than a Disqualified
      Organization or a non-U.S. Person.

     

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

     

    “Plan”:
      Any employee benefit plan or certain other retirement plans and arrangements,
      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 are subject
      to
      ERISA or Section 4975 of the Code.

     

    “Pool
      Balance”: As of any date of determination, the aggregate Stated Principal
      Balance of the Mortgage Loans in both Loan Groups as of such date.

     

    “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 Principal Prepayment of such Mortgage
      Loan
      in accordance with the terms thereof (other than any Servicer Prepayment Charge
      Payment Amount).

     

    “Prepayment
      Charge Schedule”: As of any date, the list of Prepayment Charges on the Mortgage
      Loans included in the Trust Fund on such date, attached hereto as Schedule
      I
      (including the prepayment charge summary attached thereto). The Prepayment
      Charge Schedule shall set forth the following information with respect to each
      Prepayment Charge:

     

    (xxxvi)  the
      Mortgage Loan identifying number;

     

    (xxxvii)  a
      code
      indicating the type of Prepayment Charge;

     

    (xxxviii)  the
      state
      of origination of the related Mortgage Loan;

     

    (xxxix)  the
      date
      on which the first monthly payment was due on the related Mortgage
      Loan;

     

    (xl)  the
      term
      of the related Prepayment Charge; and

     

    (xli)  the
      Stated Principal Balance of the related Mortgage Loan as of the Cut-off
      Date.

     

    The
      Prepayment Charge Schedule shall be amended from time to time by the Servicer
      in
      accordance with the provisions of this Agreement and a copy of such amended
      Prepayment Charge Schedule shall be furnished by the Servicer to the NIMS
      Insurer.

     

    “Prepayment
      Interest Excess”:  With respect to any Distribution Date, for each
      Mortgage Loan that was the subject of a Principal Prepayment in full during
      the
      portion of the related Prepayment Period occurring between the first day and
      the
      15th day of
      the
      calendar month in which such Distribution Date occurs, an amount equal to
      interest (to the extent received) at the applicable Net Mortgage Rate on the
      amount of such Principal Prepayment for the number of days commencing on the
      first day of the calendar month in which such Distribution Date occurs and
      ending on the date on which such prepayment is so applied.

     

    “Prepayment
      Interest Shortfall”: With respect to any Distribution Date, for each Mortgage
      Loan that was the subject of a Principal Prepayment in full during the portion
      of the related Prepayment Period occurring from the first day of the related
      Prepayment Period through the last day of the calendar month preceding the
      month
      in which such Distribution Date occurs, an amount equal to one-month’s interest
      at the applicable Net Mortgage Rate less any payments made by the
      Mortgagor.

     

    “Prepayment
      Period”: With respect to any Distribution Date, the period commencing on the
      16th day of
      the
      calendar month preceding the month in which the related Distribution Date occurs
      (or, in the case of the first Distribution Date, from July 1, 2007) and ending
      on the 15th day
      of the calendar month in which such Distribution Date occurs.

     

    “Principal
      Balance”: As to any Mortgage Loan other than a Liquidated Mortgage Loan, and any
      day, the related Cut-off Date Principal Balance, minus all collections credited
      against the Cut-off Date Principal Balance of any such Mortgage Loan. For
      purposes of this definition, a Liquidated Mortgage Loan shall be deemed to
      have
      a Principal Balance equal to the Principal Balance of the related Mortgage
      Loan
      as of the final recovery of related Liquidation Proceeds and a Principal Balance
      of zero thereafter. As to any REO Property and any day, the Principal Balance
      of
      the related Mortgage Loan immediately prior to such Mortgage Loan becoming
      REO
      Property minus any REO Principal Amortization received with respect thereto
      on
      or prior to such day.

     

    “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 the full amount of scheduled
      interest due on any Due Date in any month or months subsequent to the month
      of
      prepayment.

     

    “Principal
      Remittance Amount”:  With respect to any Distribution Date, the sum of
      the Group I Principal Remittance Amount and the Group II Principal Remittance
      Amount.

     

    “Prospectus
      Supplement”: That certain Prospectus Supplement dated June 18, 2007 relating to
      the public offering of the Floating Rate Certificates (other than the Class
      M-10
      Certificates).

     

    “Purchase
      Price”: With respect to any Mortgage Loan or REO Property to be purchased by the
      Seller or the Servicer pursuant to or as contemplated by Section 2.03, Section
      3.16(c) or  Section 10.01, and as confirmed by an Officers’
Certificate from the party purchasing the Mortgage Loan to the Trustee, an
      amount equal to the sum of (i) 100% of the Stated Principal Balance thereof
      as
      of the date of purchase (or such other price as provided in Section 10.01),
      (ii)
      in the case of (x) a Mortgage Loan, accrued interest on such Stated Principal
      Balance at the applicable Mortgage Rate in effect from time to time from the
      Due
      Date as to which interest was last covered by a payment by the Mortgagor or
      an
      Advance by the Servicer, which payment or Advance had as of the date of purchase
      been distributed pursuant to Section 4.01, through the end of the calendar
      month
      in which the purchase is to be effected, and (y) an REO Property, the sum of
      (1)
      accrued interest on such Stated Principal Balance at the applicable Mortgage
      Rate in effect from time to time from the Due Date as to which interest was
      last
      covered by a payment by the Mortgagor or an advance by the Servicer through
      the
      end of the calendar month immediately preceding the calendar month in which
      such
      REO Property was acquired, plus (2) REO Imputed Interest for such REO Property
      for each calendar month commencing with the calendar month in which such REO
      Property was acquired and ending with the calendar month in which such purchase
      is to be effected, net of the total of all net rental income, Insurance
      Proceeds, Liquidation Proceeds and Advances that as of the date of purchase
      had
      been distributed as or to cover REO Imputed Interest pursuant to Section 4.04,
      (iii) any unreimbursed Servicing Advances and Advances and any unpaid Servicing
      Fees allocable to such Mortgage Loan or REO Property, (iv) any amounts
      previously withdrawn from the Collection Account in respect of such Mortgage
      Loan or REO Property pursuant to Section 3.23 and (v) in the case of a Mortgage
      Loan required to be purchased pursuant to Section 2.03, expenses reasonably
      incurred or to be incurred by the Servicer, the NIMS Insurer or the Trustee
      in
      respect of the breach or defect giving rise to the purchase obligation including
      any costs and damages incurred by the Trust Fund in connection with any
      violation by such loan of any predatory or abusive lending law.  With
      respect to the Originator and any Mortgage Loan or REO Property to be purchased
      pursuant to or as contemplated by Section 2.03 or 10.01, and as confirmed by
      a
      certificate of an Officers’ Certificate of the Originator to the Trustee, an
      amount equal to the amount set forth pursuant to the terms of the Master
      Agreement

     

    “Qualified
      Insurer”: Any insurance company acceptable to Fannie Mae.

     

    “Qualified
      Substitute Mortgage Loan”:  With respect to the Seller, a mortgage
      loan substituted for a Deleted Mortgage Loan pursuant to the terms of this
      Agreement which must, on the date of such substitution, (i) have an outstanding
      Stated Principal Balance (or in the case of a substitution of more than one
      mortgage loan for a Deleted Mortgage Loan, an aggregate Stated Principal
      Balance), after application of all scheduled payments of principal and interest
      due during or prior to the month of substitution, not in excess of, and not
      more
      than 5% less than, the outstanding Stated Principal Balance of the Deleted
      Mortgage Loan as of the Due Date in the calendar month during which the
      substitution occurs, (ii) have a Mortgage Rate not less than (and not more
      than
      one percentage point in excess of) the Mortgage Rate of the Deleted Mortgage
      Loan, (iii) if the Qualified Substitute Mortgage Loan is an Adjustable-Rate
      Mortgage Loan, have a Maximum Mortgage Rate not less than the Maximum Mortgage
      Rate on the Deleted Mortgage Loan, (iv) if the Qualified Substitute Mortgage
      Loan is an Adjustable-Rate Mortgage Loan, have a Minimum Mortgage Rate not
      less
      than the Minimum Mortgage Rate of the Deleted Mortgage Loan, (v) if the
      Qualified Substitute Mortgage Loan is an Adjustable-Rate Mortgage Loan, have
      a
      Gross Margin equal to or greater than the Gross Margin of the Deleted Mortgage
      Loan, (vi) if the Qualified Substitute Mortgage Loan is an Adjustable-Rate
      Mortgage Loan, have a next Adjustment Date not more than two months later than
      the next Adjustment Date on the Deleted Mortgage Loan, (vii) have a remaining
      term to maturity not greater than (and not more than one year less than) that
      of
      the Deleted Mortgage Loan, (viii) be current as of the date of substitution,
      (ix) have a Loan-to-Value Ratio as of the date of substitution equal to or
      lower
      than the Loan-to-Value Ratio of the Deleted Mortgage Loan as of such date,
      (x)
      have a risk grading determined by the Originator at least equal to the risk
      grading assigned on the Deleted Mortgage Loan, (xi) have been underwritten
      or
      reunderwritten by the Originator in accordance with the same underwriting
      criteria and guidelines as the Deleted Mortgage Loan, (xii) be a first lien
      mortgage loan if the Deleted Mortgage Loan is a first lien mortgage loan and
      (xiii) conform to each representation and warranty set forth in Section 7.02
      of
      the Master Agreement or assigned to the Depositor pursuant to the Assignment
      Agreement applicable to the Deleted Mortgage Loan.  In the event that
      one or more mortgage loans are substituted for one or more Deleted Mortgage
      Loans, the amounts described in clause (i) hereof shall be determined on the
      basis of aggregate Stated Principal Balance, the Mortgage Rates described in
      clause (ii) hereof shall be satisfied for each such mortgage loan, the risk
      gradings described in clause (x) hereof shall be satisfied as to each such
      mortgage loan, the terms described in clause (vii) hereof shall be determined
      on
      the basis of weighted average remaining term to maturity (provided that no
      such
      mortgage loan may have a remaining term to maturity longer than the Deleted
      Mortgage Loan), the Loan-to-Value Ratios described in clause (ix) hereof shall
      be satisfied as to each such mortgage loan and, except to the extent otherwise
      provided in this sentence, the representations and warranties described in
      clause (xii) hereof must be satisfied as to each Qualified Substitute Mortgage
      Loan or in the aggregate, as the case may be.  With respect to the
      Originator, a mortgage loan substituted for a Deleted Mortgage Loan pursuant
      to
      the terms of the Master Agreement which must, on the date of such substitution
      conform to the terms set forth in the Master Agreement.

     

    “Rating
      Agency or Rating Agencies”: Moody’s and S&P or their successors. If such
      agencies or their successors are no longer in existence, “Rating Agencies” shall
      be such nationally recognized statistical rating agencies, or other comparable
      Persons, designated by the Depositor, notice of which designation shall be
      given
      to the Trustee and Servicer.

     

    “Realized
      Loss”: With respect to any Liquidated Mortgage Loan, the amount of loss realized
      equal to the portion of the Stated Principal Balance remaining unpaid after
      application of all Net Liquidation Proceeds in respect of such Mortgage
      Loan.  If the Servicer receives Subsequent Recoveries with respect to
      any Mortgage Loan, the amount of the Realized Loss with respect to that Mortgage
      Loan will be reduced to the extent such recoveries are applied to principal
      distributions on any Distribution Date.

     

    “Record
      Date”: With respect to (i) the Floating Rate Certificates, the Close of Business
      on the Business Day immediately preceding the related Distribution Date;
      provided, however, that following the date on which Definitive Certificates
      for
      any of the Floating Rate Certificates are available pursuant to Section 5.02,
      the Record Date for such Certificates that are Definitive Certificates shall
      be
      the last Business Day of the calendar month preceding the month in which the
      related Distribution Date occurs and (ii) the Class P Certificates, the Class
      L
      Certificates, the Class C Certificates and the Residual Certificates, the close
      of business on the last Business Day of the calendar month preceding the month
      in which the related Distribution Date occurs.

     

    “Reference
      Banks”: Those banks (i) with an established place of business in London,
      England, (ii) not controlling, under the control of or under common control
      with
      the Originator or the Servicer or any Affiliate thereof and (iii) which have
      been designated as such by the Trustee after consultation with the Depositor;
      provided, however, that if fewer than two of such banks provide a LIBOR rate,
      then any leading banks selected by the Trustee after consultation with the
      Depositor which are engaged in transactions in United States dollar deposits
      in
      the international Eurocurrency market.

     

    “Refinanced
      Mortgage Loan”: A Mortgage Loan the proceeds of which were not used to purchase
      the related Mortgaged Property.

     

    “Regular
      Certificate”: Any of the Floating Rate Certificates, Class L Certificates, Class
      C Certificates or Class P Certificates.

     

    “Reimbursement
      amount”:  As defined in Section 3.29.

     

    “Relief
      Act”: The Servicemembers Civil Relief Act or any state law providing for similar
      relief.

     

    “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 or any similar state or local laws, 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 Mortgage Rate for such Mortgage Loan before giving effect
      to the application of the Relief Act or such state or local laws.

     

    “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, constituting the primary trust
      created hereby and to be administered hereunder, with respect to which a REMIC
      election is to be made consisting of: (i) such Mortgage Loans as from time
      to
      time are subject to this Agreement, together with the Mortgage Files relating
      thereto, and together with all collections thereon and proceeds thereof, (ii)
      any REO Property, together with all collections thereon and proceeds thereof,
      (iii) the Trustee’s rights with respect to the Mortgage Loans under all
      insurance policies required to be maintained pursuant to this Agreement and
      any
      proceeds thereof, (iv) the Depositor’s rights under the Assignment Agreement
      (including any security interest created thereby) and (v) the Collection
      Account, the Distribution Account (subject to the last sentence of this
      definition) and any REO Account and such assets that are deposited therein
      from
      time to time and any investments thereof, together with any and all income,
      proceeds and payments with respect thereto.  Notwithstanding the
      foregoing, however, a REMIC election will not be made with respect to the Net
      WAC Rate Carryover Reserve Account, the Basis Risk Cap Agreement, the Interest
      Rate Cap Agreement, the Cap Account, the Cap Allocation Agreement, the Cap
      Trust, any Servicer Prepayment Charge Payment Amounts, the Swap Account, the
      Supplemental Interest Trust or the Interest Rate Swap Agreement.

     

    “REMIC
      1
      Regular Interests”:  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.

     

    “REMIC
      2”: The segregated pool of assets consisting of all of the REMIC 1 Regular
      Interests and conveyed in trust to the Trustee, for the benefit of REMIC 3,
      as
      holder of the REMIC 2 Regular Interests, and the Class R Certificateholders,
      as
      Holders of the Class R-2 Interest, pursuant to Article II hereunder, and all
      amounts deposited therein, with respect to which a separate REMIC election
      is to
      be made.

     

    “REMIC
      2
      Interest Loss Allocation Amount”: With respect to any Distribution Date, an
      amount equal to (a) the product of (i) the aggregate Stated Principal Balance
      of
      the Mortgage Loans and related REO Properties then outstanding and (ii) the
      Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LTAA
      minus
      the Marker Rate, divided by (b) 12.

     

    “REMIC
      2
      Overcollateralization Amount”: With respect to any date of determination, (i)
      1.00% of the aggregate Uncertificated Principal Balance of the REMIC 2 Regular
      Interests (other than REMIC 2 Regular Interest LTP), minus (ii) the aggregate
      Uncertificated Principal Balance of REMIC 2 Regular Interest LTIA1, REMIC 2
      Regular Interest LTIIA1, REMIC 2 Regular Interest LTIIA2, REMIC 2 Regular
      Interest LTIIA3, REMIC 2 Regular Interest LTIIA4, REMIC 2 Regular Interest
      LTM1,
      REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular
      Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6,
      REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular
      Interest LTM9 and REMIC 2 Regular Interest LTM10 in each case as of such date
      of
      determination.

    

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

     

    “REMIC
      2
      Principal Loss Allocation Amount”: With respect to any Distribution Date, an
      amount equal to the product of (i) the aggregate Stated Principal Balance of
      the
      Mortgage Loans and related REO Properties then outstanding and (ii) 1 minus
      a
      fraction, the numerator of which is two times the aggregate Uncertificated
      Principal Balance of REMIC 2 Regular Interest LTIA1, REMIC 2 Regular Interest
      LTIIA1, REMIC 2 Regular Interest LTIIA2, REMIC 2 Regular Interest LTIIA3, REMIC
      2 Regular Interest LTIIA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular
      Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular Interest LTM4,
      REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular
      Interest LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular Interest LTM9
      and
      REMIC 2 Regular Interest LTM10, and the denominator of which is the aggregate
      Uncertificated Principal Balance of REMIC 2 Regular Interest LTIA1, REMIC 2
      Regular Interest LTIIA1, REMIC 2 Regular Interest LTIIA2, REMIC 2 Regular
      Interest LTIIA3, REMIC 2 Regular Interest LTIIA4, REMIC 2 Regular Interest
      LTM1,
      REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular
      Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6,
      REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular
      Interest LTM9, REMIC 2 Regular Interest LTM10 and REMIC 2 Regular Interest
      LTZZ.

     

    “REMIC
      2
      Regular Interests”: One 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 (other than REMIC 2 Regular Interest
      LTIO), 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 following is a list of each of the REMIC 2
      Regular Interests:  REMIC 2 Regular Interest LTAA, REMIC 2 Regular
      Interest LTIA1, REMIC 2 Regular Interest LTIIA1, REMIC 2 Regular Interest
      LTIIA2, REMIC 2 Regular Interest LTIIA3, REMIC 2 Regular Interest LTIIA4, REMIC
      2 Regular Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest
      LTM3, REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2
      Regular Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest
      LTM8, REMIC 2 Regular Interest LTM9, REMIC 2 Regular Interest LTM10, REMIC
      2
      Regular Interest LTZZ, REMIC 2 Regular Interest LTP and REMIC 2 Regular Interest
      LTIO.

     

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

     

    “REMIC
      3
      Regular Interest”:  The Class C Interest, Class P Interest, Class IO
      Interest and any “regular interest” in REMIC 3 the ownership of which is
      represented by a Floating Rate Certificate.

     

    “REMIC
      4”: The segregated pool of assets consisting of the Class C Interest conveyed
      in
      trust to the Trustee, for the benefit of the Holders of the Class C Certificates
      and the Class R-X 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
      5”: The segregated pool of assets consisting of the Class P Interest conveyed
      in
      trust to the Trustee, for the benefit of the Holders of the Class P Certificates
      and the Class R-X Certificates (in respect of the Class R-5 Interest), pursuant
      to Article II hereunder, and all amounts deposited therein, with respect to
      which a separate REMIC election is to be made.

     

    “REMIC
      6”: The segregated pool of assets consisting of the SWAP IO Interest conveyed
      in
      trust to the Trustee, for the benefit of the Holders of the REMIC 6 Regular
      Interest Class IO and the Class R-X Certificates (in respect of the Class R-6
      Interest), pursuant to Article II hereunder, and all amounts deposited therein,
      with respect to which a separate REMIC election is to be made.

     

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

     

    “REMIC
      Regular Interests”:  The REMIC 1 Regular Interests, the REMIC 2
      Regular Interests, the Class C Interest, the Class P Interest and the Class
      IO
      Interest.

     

    “Remittance
      Report”: A report prepared by the Servicer and delivered to the Trustee and the
      NIMS Insurer pursuant to Section 4.04.

     

    “Rents
      from Real Property”: With respect to any REO Property, gross income of the
      character described in Section 856(d) of the Code.

     

    “REO
      Account”: The account or accounts maintained by the Servicer in respect of an
      REO Property pursuant to Section 3.23.

     

    “REO
      Disposition”: The sale or other disposition of an REO Property on behalf of the
      Trust Fund.

     

    “REO
      Imputed Interest”: As to any REO Property, for any calendar month during which
      such REO Property was at any time part of the Trust Fund, one month’s interest
      at the applicable Net Mortgage Rate on the Stated Principal Balance of such
      REO
      Property (or, in the case of the first such calendar month, of the related
      Mortgage Loan if appropriate) as of the Close of Business on the Distribution
      Date in such calendar month.

     

    “REO
      Principal Amortization”: With respect to any REO Property, for any calendar
      month, the excess, if any, of (a) the aggregate of all amounts received in
      respect of such REO Property during such calendar month, whether in the form
      of
      rental income, sale proceeds (including, without limitation, that portion of
      the
      Termination Price paid in connection with a purchase of all of the Mortgage
      Loans and REO Properties pursuant to Section 10.01 that is allocable to such
      REO
      Property) or otherwise, net of any portion of such amounts (i) payable pursuant
      to Section 3.23 in respect of the proper operation, management and maintenance
      of such REO Property or (ii) payable or reimbursable to the Servicer pursuant
      to
      Section 3.23 for unpaid Servicing Fees in respect of the related Mortgage Loan
      and unreimbursed Servicing Advances and Advances in respect of such REO Property
      or the related Mortgage Loan, over (b) the REO Imputed Interest in respect
      of
      such REO Property for such calendar month.

     

    “REO
      Property”: A Mortgaged Property acquired by the Servicer on behalf of the Trust
      Fund through foreclosure or deed-in-lieu of foreclosure, as described in Section
      3.23.

     

    “Reportable
      Event”: The meaning set forth in Section 4.05(c)(i).

     

    “Request
      for Release”: A release signed by a Servicing Officer, in the form of Exhibit E
      attached hereto.

     

    “Reserve
      Interest Rate”: With respect to any Interest Determination Date, the rate per
      annum that the Trustee determines to be either (i) the arithmetic mean (rounded
      upwards if necessary to the nearest whole multiple of 1/16 of 1%) of the
      one-month United States dollar lending rates which banks in The City of New
      York
      selected by the Depositor are quoting on the relevant Interest Determination
      Date to the principal London offices of leading banks in the London interbank
      market or (ii) in the event that the Trustee can determine no such arithmetic
      mean, in the case of any Interest Determination Date after the initial Interest
      Determination Date, the lowest one-month United States dollar lending rate
      which
      such New York banks selected by the Depositor are quoting on such Interest
      Determination Date to leading European banks.

     

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

     

    “Residual
      Certificate”:  The Class R Certificates and the Class R-X
      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, any director, any vice
      president, any assistant vice president, the Secretary, any assistant secretary,
      the Treasurer, any assistant treasurer or any other officer of the Trustee
      customarily performing functions similar to those performed by any of the above
      designated officers and, with respect to a particular matter, to whom such
      matter is referred because of such officer’s knowledge of and familiarity with
      the particular subject.

     

    “S&P”:
      Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies,
      Inc., or its 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 signed by an officer of the Depositor
      that complies with (i) the Sarbanes-Oxley Act of 2002, as amended from time
      to
      time, and (ii) Exchange Act Rules 13a-14(d) and 15d-14(d), as in effect from
      time to time; provided that if, after the Closing Date (a) the Sarbanes-Oxley
      Act of 2002 is amended, (b) the Rules referred to in clause (ii) are modified
      or
      superseded by any subsequent statement, rule or regulation of the Commission
      or
      any statement of a division thereof, or (c) any future releases, rules and
      regulations are published by the Securities and Exchange Commission from time
      to
      time pursuant to the Sarbanes-Oxley Act of 2002, which in any such case affects
      the form or substance of the required certification and results in the required
      certification being, in the reasonable judgment of the Depositor, materially
      more onerous than the form of the required certification as of the Closing
      Date,
      the Sarbanes-Oxley Certification shall be as agreed to by the Depositor and
      the
      Seller following a negotiation in good faith to determine how to comply with
      any
      such new requirements.

     

    “SEC”:  Securities
      and Exchange Commission.

     

    “Seller”:
      Greenwich Capital Financial Products, Inc., a Delaware corporation, in its
      capacity as Seller under the Assignment Agreement.

     

    “Senior
      Principal Distribution Amount”: With respect to any Distribution Date, the sum
      of (i) the Group I Senior Principal Distribution Amount and (ii) the Group
      II
      Senior Principal Distribution Amount.

     

    “Servicer”:
      Option One Mortgage Corporation, or any successor servicer appointed as herein
      provided, in its capacity as Servicer hereunder.

     

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

     

    “Servicer
      Prepayment Charge Payment Amount”: The amounts payable by the Servicer in
      respect of any waived Prepayment Charges pursuant to Section 2.05 or Section
      3.01.

     

    “Servicer
      Remittance Date”: With respect to any Distribution Date, two Business Days prior
      to such Distribution Date.

     

    “Servicing
      Advance Reimbursement Amount”:  As defined in Section
      3.29.

     

    “Servicing
      Advances”: All customary, reasonable and necessary “out of pocket” costs and
      expenses (including reasonable attorneys’ fees and expenses) incurred by the
      Servicer in the performance of its servicing obligations, including, but not
      limited to, the cost of (i) the preservation, restoration, inspection and
      protection of the Mortgaged Property, (ii) any enforcement or judicial
      proceedings, including foreclosures, (iii) the management and liquidation of
      the
      REO Property, (iv) obtaining broker price opinions, (v) locating missing
      Mortgage Loan documents and (vi) compliance with the obligations under Sections
      3.01, 3.09, 3.14, 3.16, and 3.23.  Servicing Advances also include any
      reasonable “out-of-pocket” costs and expenses (including legal fees) incurred by
      the Servicer in connection with executing and recording instruments of
      satisfaction, deeds of reconveyance or Assignments of Mortgage in connection
      with any foreclosure in respect of any Mortgage Loan to the extent not recovered
      from the related Mortgagor or otherwise payable under this
      Agreement.  The Servicer shall not be required to make any Servicing
      Advance that would be a Nonrecoverable Advance.

     

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

     

    “Servicing
      Fee”:  With respect to each Mortgage Loan and for any Due Period, an
      amount equal to one month’s interest (or in the event of any payment of interest
      which accompanies a Principal Prepayment in full made by the Mortgagor during
      such calendar month, interest for the number of days covered by such payment
      of
      interest) at the related Servicing Fee Rate on the same principal amount on
      which interest on such Mortgage Loan accrues for such calendar month. A portion
      of such Servicing Fee may be retained by any Sub-Servicer as its servicing
      compensation.

     

    “Servicing
      Fee Rate”: 0.30% per annum for the first 10 Due Periods; 0.40% per annum for Due
      Periods 11 through 30; and 0.65% per annum for Due Period 31 and
      thereafter.

     

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

     

    “Servicing
      Rights Pledgee”:  One or more lenders, selected by the Servicer, to
      which the Servicer may pledge and assign all of its right, title and interest
      in, to and under this Agreement.

     

    “Servicing
      Standard”:  As defined in Section 3.01.

     

    “Servicing
      Transfer Costs”: Shall mean all reasonable costs and expenses incurred by the
      Trustee in connection with the transfer of servicing from a predecessor
      servicer, including, without limitation, any reasonable 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 (or any successor servicer appointed pursuant
      to
      Section 7.02) to service the Mortgage Loans properly and
      effectively.

     

    “Startup
      Day”: As defined in Section 9.01(b) hereof.

     

    “Stated
      Principal Balance”: With respect to any Mortgage Loan: (a) as of any date of
      determination up to but not including the Distribution Date on which the
      proceeds, if any, of a Liquidation Event with respect to such Mortgage Loan
      would be distributed, the outstanding principal balance of such Mortgage Loan
      as
      of the Cut-off Date as shown in the Mortgage Loan Schedule, minus the sum of
      (i)
      the principal portion of each Monthly Payment due on a Due Date subsequent
      to
      the Cut-off Date to the extent received from the Mortgagor or advanced by the
      Servicer and distributed pursuant to Section 4.01 on or before such date of
      determination, (ii) all Principal Prepayments received after the Cut-off Date
      to
      the extent distributed pursuant to Section 4.01 on or before such date of
      determination, (iii) all Liquidation Proceeds and Insurance Proceeds to the
      extent distributed pursuant to Section 4.01 on or before such date of
      determination, and (iv) any Realized Loss incurred with respect thereto as
      a
      result of a Deficient Valuation made during or prior to the Due Period for
      the
      most recent Distribution Date coinciding with or preceding such date of
      determination; and (b) as of any date of determination coinciding with or
      subsequent to the Distribution Date on which the proceeds, if any, of a
      Liquidation Event with respect to such Mortgage Loan would be distributed,
      zero.
      With respect to any REO Property: (a) as of any date of determination up to
      but
      not including the Distribution Date on which the proceeds, if any, of a
      Liquidation Event with respect to such REO Property would be distributed, an
      amount (not less than zero) equal to the Stated Principal Balance of the related
      Mortgage Loan as of the date on which such REO Property was acquired on behalf
      of the Trust Fund, minus the aggregate amount of REO Principal Amortization
      in
      respect of such REO Property for all previously ended calendar months, to the
      extent distributed pursuant to Section 4.01 on or before such date of
      determination; and (b) as of any date of determination coinciding with or
      subsequent to the Distribution Date on which the proceeds, if any, of a
      Liquidation Event with respect to such REO Property would be distributed,
      zero.

     

    “Stepdown
      Date”: The earlier to occur of (i) the Distribution Date following the
      Distribution Date on which the aggregate Certificate Principal Balance of the
      Class A Certificates has been reduced to zero and (ii) the later to occur of
      (x)
      the Distribution Date occurring in August 2010 and (y) the first Distribution
      Date on which the Credit Enhancement Percentage (calculated for this purpose
      only after taking into account payments of principal on the Mortgage Loans
      but
      prior to distribution of the Group I Principal Distribution Amount and the
      Group
      II Principal Distribution Amount to the Certificates then entitled to
      distributions of principal on such Distribution Date) is equal to or greater
      than 43.70%.

     

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

     

    “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
      Servicer.

     

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

     

    “Subsequent
      Recoveries”: As of any Distribution Date, amounts received by the Servicer (net
      of any related expenses permitted to be reimbursed pursuant to Section 3.11)
      specifically related to a Mortgage Loan that was the subject of a liquidation
      or
      an REO Disposition prior to the related Prepayment Period that resulted in
      a
      Realized Loss.

     

    “Substitution
      Adjustment”:  As defined in Section 2.03(d) hereof.

     

    “Supplemental
      Interest Trust”:  As defined in Section 4.09(a).

     

    “Supplemental
      Interest Trust Trustee”: Wells Fargo Bank, N.A., a national banking association,
      not in its individual capacity but solely in its capacity as Supplemental
      Interest Trust Trustee, and any successor thereto.

     

    “Swap
      Account”: The account or accounts created and maintained pursuant to Section
      4.09.  The Swap Account must be an Eligible Account.

     

    “Swap
      Credit Support Annex”: The credit support annex, dated the Closing Date, between
      the Supplemental Interest Trust Trustee and the Interest Rate Swap Provider,
      which is annexed to and forms part of the Interest Rate Swap
      Agreement.

     

    “Swap
      Expense Fee Rate”:  With respect to any Distribution Date, an amount,
      expressed as a per annum rate, equal to the sum of (a) the product of (i) the
      Net Swap Payment made to the Swap Provider divided by the aggregate Stated
      Principal Balance of the Mortgage Loans as of the first day of the related
      Due
      Period (or, in the case of the first Distribution Date, the Cut-off Date,
      adjusted, except in the case of the first Distribution Date, to reflect
      unscheduled principal payments made thereafter during the Prepayment Period
      that
      includes such first day of the related Due Period) and (ii) 12 and (b) the
      product of (i) any Swap Termination Payment (other than a Swap Termination
      Payment resulting from a Swap Provider Trigger Event) made to the Swap Provider
      divided by the aggregate Stated Principal Balance of the Mortgage Loans as
      of
      the first day of the related Due Period (or, in the case of the first
      Distribution Date, the Cut-off Date, adjusted, except in the case of the first
      Distribution Date, to reflect unscheduled principal payments made thereafter
      during the Prepayment Period that includes such first day of the related Due
      Period) and (ii) 12.

     

    “Swap
      Interest Shortfall Amount”: Any shortfall of interest with respect to any Class
      of Certificates resulting from the application of the Net WAC Rate due to a
      discrepancy between the Uncertificated Notional Amount of REMIC 6 Regular
      Interest SWAP IO and the scheduled notional amount pursuant to the Interest
      Rate
      Swap Agreement.

     

    “Swap
      LIBOR”: A per annum
      rate equal to the floating rate payable by the Swap Provider under the Swap
      Agreement.

     

    “Swap
      Provider”:  The swap provider under the Interest Rate Swap
      Agreement.  Initially, the Swap Provider shall be The Bank of New
      York.

     

    “Swap
      Provider Trigger Event”: A Swap Termination Payment that is triggered upon: (i)
      an Event of Default under the Interest Rate Swap Agreement with respect to
      which
      the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap
      Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement
      with
      respect to which the Swap Provider is the sole Affected Party (as defined in
      the
      Interest Rate Swap Agreement) or (iii) an Additional Termination Event under
      the
      Interest Rate Swap Agreement with respect to which the Swap Provider is the
      sole
      Affected Party.

     

    “Swap
      Termination Payment”: The payment due to either party under the Interest Rate
      Swap Agreement upon the early termination of the Interest Rate Swap
      Agreement.

     

    “Tax
      Matters Person”: The tax matters person appointed pursuant to Section 9.01(e)
      hereof.

     

    “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 the REMIC
      Taxable Income or Net Loss Allocation, or any successor forms, to be filed
      by
      the Trustee on behalf of each REMIC, 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.

     

    “Termination
      Price”:  As defined in Section 10.01(a) hereof.

     

    “Terminator”:  As
      defined in Section 10.01(a) hereof.

     

    “Three
      Month Rolling Delinquency Percentage”:  With respect to the Mortgage
      Loans and any Distribution Date, the average for the three most recent calendar
      months of the fraction, expressed as a percentage, the numerator of which is
      (x)
      the sum (without duplication) of the aggregate of the Stated Principal Balances
      of all Mortgage Loans that are (i) 60 or more days Delinquent, (ii) in
      bankruptcy and 60 or more days Delinquent, (iii) in foreclosure and 60 or more
      days Delinquent or (iv) REO Properties, and the denominator of which is (y)
      the
      sum of the Stated Principal Balances of the Mortgage Loans, in the case of
      both
      (x) and (y), as of the Close of Business on the last Business Day of each of
      the
      three most recent calendar months.

     

    “Trigger
      Event”: A Trigger Event is in effect with respect to any Distribution Date on or
      after the Stepdown Date if:

     

    (xlii)  the
      Delinquency Percentage exceeds 36.60% of the Credit Enhancement Percentage;
      or

     

    (xliii)  the
      aggregate amount of Realized Losses incurred since the Cut-off Date through
      the
      last day of the related Due Period (reduced by the aggregate amount of
      Subsequent Recoveries received since the Cut-off Date through the last day
      of
      the related Due Period) divided by the aggregate Stated Principal Balance of
      the
      Mortgage Loans as of the Cut-off Date (the “Realized Loss Percentage”) exceeds
      the applicable percentages set forth below with respect to such Distribution
      Date:

     

    
      	
              
                Distribution
                  Date Occurring In

              

            	
              
                Percentage

              

            
	
              August
                2009 through July 2010

            	
              1.60%
                for the first month, plus an additional 1/12th
                of 2.05% for
                each month thereafter.

            
	
              August
                2010 through July 2011

            	
              3.65%
                for the first month, plus an additional 1/12th
                of 2.10% for
                each month thereafter.

            
	
              August
                2011 through July 2012

            	
              5.75%
                for the first month, plus an additional 1/12th
                of 1.70% for
                each month thereafter.

            
	
              August
                2012 through July 2013

            	
              7.45%
                for the first month, plus an additional 1/12th
                of 0.95% for
                each month thereafter.

            
	
              August
                2013 through July 2014

            	
              8.40%
                for the first month, plus an additional 1/12th
                of 0.10% for
                each month thereafter.

            
	
              August
                2014 and thereafter

            	
              8.50%.

            

    

    

    “Trust”:  Soundview
      Home Loan Trust 2007-OPT2, the trust created hereunder.

     

    “Trust
      Fund”:  All of the assets of the Trust, which is the trust created
      hereunder consisting of REMIC 1, REMIC 2, REMIC 3, REMIC 4, REMIC 5, REMIC
      6,
      any Servicer Prepayment Charge Payment Amounts, the Net WAC Rate Carryover
      Reserve Account, the Swap Account, the Supplemental Interest Trust, the Interest
      Rate Swap Agreement, the Basis Risk Cap Agreement, the Interest Rate Cap
      Agreement, the Cap Allocation Agreement, the Cap Account and the Cap
      Trust.

     

    “Trustee”:
      Wells Fargo Bank, N.A., a national banking association, or any successor trustee
      appointed as herein provided.

     

    “Trustee
      Compensation”:  The Trustee Compensation shall be all income earned on
      amounts on deposit in the Distribution Account.

     

     “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 REMIC Pass-Through Rate on the Uncertificated Principal Balance
      of such REMIC Regular Interest. In each case, Uncertificated Accrued Interest
      will be reduced by any Net Prepayment Interest Shortfalls, Relief Act Interest
      Shortfalls (allocated to such REMIC Regular Interests based on their respective
      entitlements to interest irrespective of any Net Prepayment Interest Shortfalls
      and Relief Act Interest Shortfalls for such Distribution Date).

     

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

     

    
      	
              
                Distribution
                  Date

              

            	
              
                REMIC
                  1 Regular Interests

              

            
	
              1st
                through
                7th

            	
              I-1-A
                through I-66-A

            
	
              8

            	
              I-2-A
                through I-66-A

            
	
              9

            	
              I-3-A
                through I-66-A

            
	
              10

            	
              I-4-A
                through I-66-A

            
	
              11

            	
              I-5-A
                through I-66-A

            
	
              12

            	
              I-6-A
                through I-66-A

            
	
              13

            	
              I-7-A
                through I-66-A

            
	
              14

            	
              I-8-A
                through I-66-A

            
	
              15

            	
              I-9-A
                through I-66-A

            
	
              16

            	
              I-10-A
                through I-66-A

            
	
              17

            	
              I-11-A
                through I-66-A

            
	
              18

            	
              I-12-A
                through I-66-A

            
	
              19

            	
              I-13-A
                through I-66-A

            
	
              20

            	
              I-14-A
                through I-66-A

            
	
              21

            	
              I-15-A
                through I-66-A

            
	
              22

            	
              I-16-A
                through I-66-A

            
	
              23

            	
              I-17-A
                through I-66-A

            
	
              24

            	
              I-18-A
                through I-66-A

            
	
              25

            	
              I-19-A
                through I-66-A

            
	
              26

            	
              I-20-A
                through I-66-A

            
	
              27

            	
              I-21-A
                through I-66-A

            
	
              28

            	
              I-22-A
                through I-66-A

            
	
              29

            	
              I-23-A
                through I-66-A

            
	
              30

            	
              I-24-A
                through I-66-A

            
	
              31

            	
              I-25-A
                through I-66-A

            
	
              32

            	
              I-26-A
                through I-66-A

            
	
              33

            	
              I-27-A
                through I-66-A

            
	
              34

            	
              I-28-A
                through I-66-A

            
	
              35

            	
              I-29-A
                through I-66-A

            
	
              36

            	
              I-30-A
                through I-66-A

            
	
              37

            	
              I-31-A
                through I-66-A

            
	
              38

            	
              I-32-A
                through I-66-A

            
	
              39

            	
              I-33-A
                through I-66-A

            
	
              40

            	
              I-34-A
                through I-66-A

            
	
              41

            	
              I-35-A
                through I-66-A

            
	
              42

            	
              I-36-A
                through I-66-A

            
	
              43

            	
              I-37-A
                through I-66-A

            
	
              44

            	
              I-38-A
                through I-66-A

            
	
              45

            	
              I-39-A
                through I-66-A

            
	
              46

            	
              I-40-A
                through I-66-A

            
	
              47

            	
              I-41-A
                through I-66-A

            
	
              48

            	
              I-42-A
                through I-66-A

            
	
              49

            	
              I-43-A
                through I-66-A

            
	
              50

            	
              I-44-A
                through I-66-A

            
	
              51

            	
              I-45-A
                through I-66-A

            
	
              52

            	
              I-46-A
                through I-66-A

            
	
              53

            	
              I-47-A
                through I-66-A

            
	
              54

            	
              I-48-A
                through I-66-A

            
	
              55

            	
              I-49-A
                through I-66-A

            
	
              56

            	
              I-50-A
                through I-66-A

            
	
              57

            	
              I-51-A
                through I-66-A

            
	
              58

            	
              I-52-A
                through I-66-A

            
	
              59

            	
              I-53-A
                through I-66-A

            
	
              60

            	
              I-54-A
                through I-66-A

            
	
              61

            	
              I-55-A
                through I-66-A

            
	
              62

            	
              I-56-A
                through I-66-A

            
	
              63

            	
              I-57-A
                through I-66-A

            
	
              64

            	
              I-58-A
                through I-66-A

            
	
              65

            	
              I-59-A
                through I-66-A

            
	
              66

            	
              I-60-A
                through I-66-A

            
	
              67

            	
              I-61-A
                through I-66-A

            
	
              68

            	
              I-62-A
                through I-66-A

            
	
              69

            	
              I-63-A
                through I-66-A

            
	
              70

            	
              I-64-A
                through I-66-A

            
	
              71

            	
              I-65-A
                and I-66-A

            
	
              72

            	
              I-66-A

            
	
              73
                and thereafter

            	
              $0.00

            

    

    

    With
      respect to REMIC 2 Regular Interest LTIO and any Distribution Date, an amount
      equal to the Uncertificated Notional Amount of REMIC 1 Regular Interest LTIO.
      With respect to the Class IO Interest and any Distribution Date, an amount
      equal
      to the Uncertificated Notional Amount of REMIC 2 Regular Interest
      LTIO.

     

    “Uncertificated
      Principal Balance”:  With respect to each REMIC Regular Interest, the
      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 REMIC Regular
      Interest shall be reduced by all distributions of principal made on such REMIC
      Regular Interest on such Distribution Date pursuant to Section 4.08 and, if
      and
      to the extent necessary and appropriate, shall be further reduced on such
      Distribution Date by Realized Losses as provided in Section 4.08, and the
      Uncertificated Principal Balance of REMIC 2 Regular Interest LTZZ shall be
      increased by interest deferrals as provided in Section 4.08.  With
      respect to the Class C Interest as of any date of determination, an amount
      equal
      to the excess, if any, of (A) the then aggregate Uncertificated Principal
      Balance of the REMIC 2 Regular Interests over (B) the then aggregate Certificate
      Principal Balance of the Floating Rate Certificates and the Class P Certificates
      then outstanding. The Uncertificated Principal Balance of each REMIC Regular
      Interest that has an Uncertificated Principal Balance shall never be less than
      zero.

     

    “Uncertificated
      REMIC Pass-Through Rate”:  The Uncertificated REMIC 1 Pass-Through
      Rate or the Uncertificated REMIC 2 Pass-Through Rate, as
      applicable.

     

    “Uncertificated
      REMIC 1 Pass-Through Rate”:  With respect to REMIC 1 Regular Interest
      I, a per annum rate equal to the weighted average Net Mortgage Rate of the
      Mortgage Loans.  With respect to each REMIC 1 Regular Interest ending
      with the designation “A”, a per annum rate equal to the weighted average Net
      Mortgage Rate of the Mortgage Loans multiplied by 2, subject to a maximum rate
      of 11.00%.  With respect to each REMIC 1 Regular Interest ending with
      the designation “B”, the greater of (x) a per annum rate equal to the excess, if
      any, of (i) 2 multiplied by the weighted average Net Mortgage Rate of the
      Mortgage Loans over (ii) 11.00% and (y) 0.00%.

     

    “Uncertificated
      REMIC 2 Pass-Through Rate”:  With respect to REMIC 2 Regular Interest
      LTIA1, REMIC 2 Regular Interest LTIIA1, REMIC 2 Regular Interest LTIIA2, REMIC
      2
      Regular Interest LTIIA3, REMIC 2 Regular Interest LTIIA4, REMIC 2 Regular
      Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3,
      REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular
      Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8,
      REMIC 2 Regular Interest LTM9, REMIC 2 Regular Interest LTM10 and REMIC 2
      Regular Interest LTP, a per annum rate (but not less than zero) equal to the
      weighted average of (v) with respect to REMIC 1 Regular Interest I and REMIC
      1
      Regular Interest P, the Uncertificated REMIC 1 Pass-Through Rates for such
      REMIC
      1 Regular Interests for each such Distribution Date, (w) with respect to REMIC
      1
      Regular Interests ending with the designation “B”, the weighted average of the
      Uncertificated REMIC 1 Pass-Through Rates for such REMIC 1 Regular Interests,
      weighted on the basis of the Uncertificated Principal Balance of such REMIC
      1
      Regular Interests for each such Distribution Date and (x) with respect to REMIC
      1 Regular Interests ending with the designation “A”, for each Distribution Date
      listed below, the weighted average of the rates listed below for each such
      REMIC
      1 Regular Interest listed below, weighted on the basis of the Uncertificated
      Principal Balance of each such REMIC 1 Regular Interest for each such
      Distribution Date:

     

    
      	
              
                Distribution
                  Date

              

            	
              
                REMIC
                  1 Regular Interest

              

            	
              
                Rate

              

            
	
              1
                -
                6

            	
              I-1-A
                through I-66-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              7

            	
              I-1-A
                through I-66-A

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

            
	
              8

            	
              I-2-A
                through I-66-A

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

            
	 	
              I-1-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              9

            	
              I-3-A
                through I-66-A

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

            
	 	
              I-1-A
                and I-2-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              10

            	
              I-4-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-3-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              11

            	
              I-5-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-4-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              12

            	
              I-6-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-5-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              13

            	
              I-7-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-6-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              14

            	
              I-8-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-7-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              15

            	
              I-9-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-8-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              16

            	
              I-10-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-9-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              17

            	
              I-11-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-10-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              18

            	
              I-12-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-11-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              19

            	
              I-13-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-12-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              20

            	
              I-14-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-13-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              21

            	
              I-15-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-14-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              22

            	
              I-16-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-15-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              23

            	
              I-17-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-16-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              24

            	
              I-18-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-17-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              25

            	
              I-19-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-18-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              26

            	
              I-20-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-19-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              27

            	
              I-21-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-20-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              28

            	
              I-22-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-21-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              29

            	
              I-23-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-22-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              30

            	
              I-24-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-23-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              31

            	
              I-25-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-24-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              32

            	
              I-26-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-25-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              33

            	
              I-27-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-26-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              34

            	
              I-28-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-27-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              35

            	
              I-29-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-28-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              36

            	
              I-30-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-29-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              37

            	
              I-31-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-30-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              38

            	
              I-32-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-31-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              39

            	
              I-33-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-32-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              40

            	
              I-34-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-33-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              41

            	
              I-35-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-34-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              42

            	
              I-36-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-35-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              43

            	
              I-37-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-36-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              44

            	
              I-38-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-37-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              45

            	
              I-39-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-38-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              46

            	
              I-40-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-39-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              47

            	
              I-41-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-40-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              48

            	
              I-42-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-41-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              49

            	
              I-43-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-42-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              50

            	
              I-44-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-43-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              51

            	
              I-45-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-44-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              52

            	
              I-46-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-45-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              53

            	
              I-47-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-46-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              54

            	
              I-48-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-47-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              55

            	
              I-49-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-48-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              56

            	
              I-50-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-49-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              57

            	
              I-51-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-50-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              58

            	
              I-52-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-51-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              59

            	
              I-53-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-52-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              60

            	
              I-54-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-53-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              61

            	
              I-55-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-54-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              62

            	
              I-56-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-55-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              63

            	
              I-57-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-56-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              64

            	
              I-58-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-57-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              65

            	
              I-59-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-58-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              66

            	
              I-60-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-59-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              67

            	
              I-61-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-60-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              68

            	
              I-62-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-61-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              69

            	
              I-63-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-62-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              70

            	
              I-64-A
                through I-66-A

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

            
	 	
              I-1-A
                through I-63-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              71

            	
              I-65-A
                and I-66-A

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

            
	 	
              I-1-A
                through I-64-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              72

            	
              I-66-A

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

            
	 	
              I-1-A
                through I-65-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            
	
              thereafter

            	
              I-1-A
                through I-66-A

            	
              Uncertificated
                REMIC 1 Pass-Through Rate

            

    

     

    With
      respect to REMIC 2 Regular Interest LTIO and (a) the first Distribution Date
      through the 6th
      Distribution Date, the excess of (i) the weighted average of the Uncertificated
      REMIC 1 Pass-Through Rates for REMIC 1 Regular Interests ending with the
      designation “A” over (ii) the weighted average of the Uncertificated REMIC 1
      Pass-Through Rates for REMIC 1 Regular Interests ending with the designation
“A”
and (b) the 7th
      Distribution Date through the 72nd Distribution
      Date,
      the excess of (i) the weighted average of the Uncertificated REMIC 1
      Pass-Through Rates for REMIC 1 Regular Interests ending with the designation
      “A”, over (ii) 2 multiplied by Swap LIBOR and (c) thereafter,
      0.00%.

     

    “Uninsured
      Cause”: Any cause of damage to a Mortgaged Property such that the complete
      restoration of such property is not fully reimbursable by the hazard insurance
      policies required to be maintained pursuant to Section 3.14.

     

    “United
      States Person” or “U.S. Person”: A citizen or resident of the United States, a
      corporation, partnership (or other 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, any state thereof, or the District
      of Columbia (except in the case of a partnership, to the extent provided in
      Treasury Regulations) provided that, for purposes solely of the restrictions
      on
      the transfer of Residual 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 the income of
      which from sources without the United States is includible in gross income
      for
      United States federal income tax purposes regardless of its connection with
      the
      conduct of a trade or business within the United States, 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 United States persons have authority
      to control all substantial decisions of the trust. The term “United States”
shall have the meaning set forth in Section 7701 of the Code or successor
      provisions.

     

    “Unpaid
      Interest Shortfall Amount”: With respect to any Class of the Floating Rate
      Certificates and (i) the first Distribution Date, zero, and (ii) any
      Distribution Date after the first Distribution Date, the amount, if any, by
      which (a) the sum of (1) the Monthly Interest Distributable Amount for such
      Class for the immediately preceding Distribution Date and (2) the outstanding
      Unpaid Interest Shortfall Amount, if any, for such Class for such 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 preceding
      Distribution Date, plus interest on the amount of interest due but not
      distributed on the Certificates of such Class on such preceding Distribution
      Date, to the extent permitted by law, at the Pass-Through Rate for such Class
      for the related Accrual Period.

     

    “Value”:
      With respect to any Mortgaged Property, the lesser of (i) the value thereof
      as
      determined by an appraisal made for the originator of the Mortgage Loan at
      the
      time of origination of the Mortgage Loan by an appraiser who met the minimum
      requirements of Fannie Mae and Freddie Mac and (ii) if applicable, the purchase
      price paid for the related Mortgaged Property by the Mortgagor with the proceeds
      of the Mortgage Loan.

     

    “Voting
      Rights”: The portion of the voting rights of all of the Certificates which is
      allocated to any Certificate. At all times the Floating Rate Certificates and
      the Class C Certificates shall have 98% of the Voting Rights (allocated among
      the Holders of the Floating Rate Certificates and the Class C Certificates
      in
      proportion to the then outstanding Certificate Principal Balances of their
      respective Certificates), the Class P Certificates shall have 1% of the Voting
      Rights and the Residual Certificates shall have 1% of the Voting Rights. The
      Voting Rights allocated to any Class of Certificates (other than the Class
      P
      Certificates and the Residual Certificates) shall be allocated among all Holders
      of each such Class in proportion to the outstanding Certificate Principal
      Balance of such Certificates, and the Voting Rights allocated to the Class
      P
      Certificates and the Residual Certificates shall be allocated among all Holders
      of each such Class in proportion to such Holders’ respective Percentage
      Interest; provided, however that when none of the Regular Certificates are
      outstanding, 100% of the Voting Rights shall be allocated among Holders of
      the
      Residual Certificates in accordance with such Holders’ respective Percentage
      Interests in the Certificates of such Class.  The Class L Certificates
      shall have no Voting Rights.

     

    
      	
              SECTION
                1.02  

            	
              Accounting.

            

    

     

    Unless
      otherwise specified herein, for the purpose of any definition or calculation,
      whenever amounts are required to be netted, subtracted or added or any
      distributions are taken into account such definition or calculation and any
      related definitions or calculations shall be determined without duplication
      of
      such functions.

     

    
      	
              SECTION
                1.03  

            	
              Allocation
                of Certain Interest Shortfalls.

            

    

     

    For
      purposes of calculating the amount of the Monthly Interest Distributable Amount
      for the Floating Rate Certificates and the Class C Certificates for any
      Distribution Date, (1) the aggregate amount of any Net Prepayment Interest
      Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the
      Mortgage Loans for any Distribution Date shall be allocated first, among the
      Class C Certificates on a pro rata basis based on, and to the extent
      of, one month’s interest at the then applicable Pass-Through Rate on the
      Notional Amount of each such Certificate and, thereafter, among the Floating
      Rate Certificates on a pro rata basis based on, and to the extent of,
      one month’s interest at the then applicable respective Pass-Through Rate on the
      respective Certificate Principal Balance of each such Certificate and (2) the
      aggregate amount of any Realized Losses and Net WAC Rate Carryover Amounts
      shall
      be allocated among the Class C Certificates on a pro rata basis based
      on, and to the extent of, one month’s interest at the then applicable
      Pass-Through Rate on the Notional Amount 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 the Mortgage Loans shall be allocated first, to REMIC
      1
      Regular Interest I and to the REMIC 1 Regular Interests ending with the
      designation “B”, 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 the Mortgage Loans for any Distribution Date shall be
      allocated among REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTIA1,
      REMIC 2 Regular Interest LTIIA1, REMIC 2 Regular Interest LTIIA2, REMIC 2
      Regular Interest LTIIA3, REMIC 2 Regular Interest LTIIA4, REMIC 2 Regular
      Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3,
      REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular
      Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8,
      REMIC 2 Regular Interest LTM9, REMIC 2 Regular Interest LTM10 and REMIC 2
      Regular Interest LTZZ pro rata based on, and to the extent of, one
      month’s interest at the then applicable respective Uncertificated REMIC 2
      Pass-Through Rate on the respective Uncertificated Principal Balance of each
      such REMIC 2 Regular Interest. For the purpose of calculating the amount of
      Uncertificated Accrued Interest for the Class C Interest for any Distribution
      Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any
      Relief Act Interest Shortfalls allocated to the Class C Certificates shall
      be
      allocated to the Class C Interest.

     

    
      	
              SECTION
                1.04  

            	
              Rights
                of the NIMS Insurer.

            

    

     

    Each
      of
      the rights of the NIMS Insurer set forth in this Agreement shall exist so long
      as (i) the NIMS Insurer has undertaken to guarantee certain payments of notes
      issued pursuant to an Indenture and (ii) any series of notes issued pursuant
      to
      one or more Indentures 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 11.01
      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.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      II

     

    CONVEYANCE
      OF MORTGAGE LOANS; ORIGINAL
      ISSUANCE OF CERTIFICATES

     

    
      	
              SECTION
                2.01  

            	
              Conveyance
                of Mortgage Loans.

            

    

     

    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 for the benefit of the Certificateholders all the right, title and
      interest of the Depositor, including any security interest therein for the
      benefit of the Depositor, in and to (i) each Mortgage Loan identified on the
      Mortgage Loan Schedule, including the related Cut-off Date Principal Balance,
      all interest accruing thereon on and after the Cut-off Date and all collections
      in respect of interest and principal due after the Cut-off Date; (ii) property
      which secured each such Mortgage Loan and which has been acquired by foreclosure
      or deed in lieu of foreclosure; (iii) its interest in any insurance policies
      in
      respect of the Mortgage Loans; (iv) the rights of the Depositor under the Master
      Agreement (as assigned to the Depositor pursuant to the terms of the Assignment
      Agreement), (v) the right to receive any amounts payable under the Basis Risk
      Cap Agreement and the Interest Rate Swap Agreement, (vi) payments made to the
      Cap Trustee by the Interest Rate Cap Provider and the Cap Account, (vii) all
      other assets included or to be included in the Trust Fund and (viii) all
      proceeds of any of the foregoing.  Such assignment includes all
      interest and principal due and collected by the Depositor or the Servicer after
      the Cut-off Date with respect to the Mortgage Loans.

     

    In
      connection with such transfer and assignment, the Depositor, does hereby deliver
      to, and deposit with the Custodian on behalf of the Trustee, the following
      documents or instruments with respect to each Mortgage Loan so transferred
      and
      assigned (with respect to each Mortgage Loan, a “Mortgage File”):

     

    (i)  the
      original Mortgage Note, endorsed either (A) in blank or (B) in the following
      form: “Pay to the order of Wells Fargo Bank, N.A., as Trustee, without recourse”
or with respect to any lost Mortgage Note, an original Lost Note Affidavit
      stating that the original mortgage note was lost, misplaced or destroyed,
      together with a copy of the related mortgage note; provided, however, that
      such
      substitutions of Lost Note Affidavits for original Mortgage Notes may occur
      only
      with respect to Mortgage Loans, the aggregate Cut-off Date Principal Balance
      of
      which is less than or equal to 1.00% of the Pool Balance as of the Cut-off
      Date;

     

    (ii)  the
      original Mortgage, with evidence of recording 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;

     

    (iii)  an
      original Assignment, in form and substance acceptable for recording. The
      Mortgage shall be assigned either (A) in blank or (B) to “Wells Fargo Bank,
      N.A., as Trustee, without recourse”;

     

    (iv)  an
      original of any intervening assignment of Mortgage showing a complete chain
      of
      assignments;

     

    (v)  the
      original or a certified copy of lender’s title insurance policy;
      and

     

    (vi)  the
      original or copies of each assumption, modification, written assurance or
      substitution agreement, if any.

     

    The
      Depositor herewith also delivers to the Trustee an executed copy of the
      Assignment Agreement and the Master Agreement.

     

    The
      Trustee agrees to execute and deliver (or cause the Custodian to execute and
      deliver) to the Depositor on or prior to the Closing Date an acknowledgment
      of
      receipt of the original Mortgage Note (with any exceptions noted), substantially
      in the form attached as Exhibit F-3 hereto.

     

    If
      any of
      the documents referred to in Section 2.01(ii), (iii) or (iv) above has as of
      the
      Closing Date been submitted for recording but either (x) has not been returned
      from the applicable public recording office or (y) has been lost or such public
      recording office has retained the original of such document, the obligations
      of
      the Depositor to deliver such documents shall be deemed to be satisfied upon
      (1)
      delivery to the Custodian on behalf of the Trustee no later than the Closing
      Date, of a copy of each such document certified by the Originator in the case
      of
      (x) above or the applicable public recording office in the case of (y) above
      to
      be a true and complete copy of the original that was submitted for recording
      and
      (2) if such copy is certified by the Originator, delivery to the Custodian
      on
      behalf of the Trustee, promptly upon receipt thereof of either the original
      or a
      copy of such document certified by the applicable public recording office to
      be
      a true and complete copy of the original.  If the original lender’s
      title insurance policy, or a certified copy thereof, was not delivered pursuant
      to Section 2.01(v) above, the Depositor shall deliver or cause to be delivered
      to the Custodian on behalf of the Trustee, the original or a copy of a written
      commitment or interim binder or preliminary report of title issued by the title
      insurance or escrow company, with the original or a certified copy thereof
      to be
      delivered to the Custodian on behalf of the Trustee, promptly upon receipt
      thereof. The Servicer or the Depositor shall deliver or cause to be delivered
      to
      the Custodian on behalf of the Trustee promptly upon receipt thereof any other
      documents constituting a part of a Mortgage File received with respect to any
      Mortgage Loan, including, but not limited to, any original documents evidencing
      an assumption or modification of any Mortgage Loan.

     

    Upon
      discovery or receipt of notice of any materially defective document in, or
      that
      a document is missing from, a Mortgage File, the Trustee shall enforce the
      obligations of the Originator under the Master Agreement to cure such defect
      or
      deliver such missing document to the Trustee or the Custodian within 90
      days.  If the Originator does not cure such defect or deliver such
      missing document within such time period, the Trustee shall use commercially
      reasonable efforts to enforce the obligations of the Originator to either
      repurchase or substitute for such Mortgage Loan in accordance with Section
      2.03
      and the Depositor hereby agrees to direct and assist the Trustee in enforcing
      any obligations of the Originator to repurchase or substitute for a Mortgage
      Loan which has breached a representation or warranty under the Master
      Agreement.  In connection with the foregoing, it is understood that
      the Custodian on behalf of the Trustee shall have no duty to discover any such
      defects except in the course of performing its review of the Mortgage Files
      to
      the extent set forth herein.

     

    The
      Trustee shall enforce the obligations of the Originator under the Master
      Agreement to cause the Assignments which were delivered in blank to be completed
      and to record all Assignments referred to in Section 2.01(iii) hereof and,
      to
      the extent necessary, in Section 2.01(iv) hereof. The Trustee shall enforce
      the
      obligations of the Originator under the Master Agreement to deliver such
      assignments for recording within 180 days of the Closing Date.  In the
      event that any such Assignment is lost or returned unrecorded because of a
      defect therein, the Trustee shall enforce the obligations of the Originator
      under the Master Agreement to promptly have a substitute Assignment prepared
      or
      have such defect cured, as the case may be, and thereafter cause each such
      Assignment to be duly recorded.

     

    Notwithstanding
      the foregoing, for administrative convenience and facilitation of servicing
      and
      to reduce closing costs, the Assignments shall not be required to be submitted
      for recording (except with respect to any Mortgage Loan located in Maryland
      or
      Kentucky) unless the Trustee (or the Custodian on behalf of the Trustee) and
      the
      Depositor receive notice that such failure to record would result in a
      withdrawal or a downgrading by any Rating Agency of the rating on any Class
      of
      Certificates; provided, however, each Assignment, shall be submitted for
      recording in the manner described above, at no expense to the Trust Fund or
      Trustee, upon the earliest to occur of:  (i) reasonable direction by
      the Holders of Certificates entitled to at least 25% of the Voting Rights,
      (ii)
      the occurrence of a Servicer Event of Termination, (iii) the occurrence of
      a
      bankruptcy, insolvency or foreclosure relating to the Originator, (iv) the
      occurrence of a servicing transfer as described in Section 7.02 hereof, (v)
      upon
      receipt of notice from the Servicer, the occurrence of a bankruptcy, insolvency
      or foreclosure relating to the Mortgagor under the related Mortgage, (vi) upon
      receipt of notice from the Servicer, any Mortgage Loan that is 90 days or more
      Delinquent and such recordation would be necessary to facilitate conversion
      of
      the Mortgaged Property in accordance with Section 3.16 and (vii) reasonable
      direction by the NIMS Insurer.  In the event of (i) through (vii) set
      forth in the immediately preceding sentence, the Trustee shall enforce the
      obligations of the Originator to deliver such Assignments for recording as
      provided above, promptly and in any event within 30 days following receipt
      of
      notice by the Originator. Notwithstanding the foregoing, if the Originator
      fails
      to pay the cost of recording the Assignments, such expense will be paid by
      the
      Trustee and the Trustee shall be reimbursed for such expenses by the
      Trust.

     

    The
      Servicer shall forward to the Custodian original documents evidencing an
      assumption, modification, consolidation or extension of any Mortgage Loan
      entered into in accordance with this Agreement within two weeks of their
      execution; provided, however, that the Servicer shall provide the Custodian
      with
      a certified true copy of any such document submitted for recordation within
      two
      weeks of its execution, and shall provide the original of any document submitted
      for recordation or a copy of such document certified by the appropriate public
      recording office to be a true and complete copy of the original within 365
      days
      of its submission for recordation. In the event that the Servicer cannot provide
      a copy of such document certified by the public recording office within such
      365
      day period, the Servicer shall deliver to the Custodian, within such 365 day
      period, an Officers’ Certificate of the Servicer which shall (A) identify the
      recorded document, (B) state that the recorded document has not been delivered
      to the Custodian due solely to a delay caused by the public recording office,
      (C) state the amount of time generally required by the applicable recording
      office to record and return a document submitted for recordation, if known
      and
      (D) specify the date the applicable recorded document is expected to be
      delivered to the Custodian, and, upon receipt of a copy of such document
      certified by the public recording office, the Servicer shall immediately deliver
      such document to the Custodian. In the event the appropriate public recording
      office will not certify as to the accuracy of such document, the Servicer shall
      deliver a copy of such document certified by an officer of the Servicer to
      be a
      true and complete copy of the original to the Custodian.

     

    The
      parties hereto understand and agree that it is not intended that any Mortgage
      Loan be included in the Trust that is a “high-cost home loan” as defined by the
      Homeownership and Equity Protection Act of 1994 or any other applicable
      predatory or abusive lending laws.

     

    
      	
              SECTION
                2.02  

            	
              Acceptance
                by Trustee.

            

    

     

    Subject
      to the provisions of Section 2.01 and subject to the review described below
      and
      any exceptions noted on the exception report described in the next paragraph
      below, the Trustee acknowledges receipt by it (or the Custodian on its behalf)
      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 (or the Custodian on its
      behalf) holds and will hold such documents and the other documents delivered
      to
      it constituting a Mortgage File, and that it holds or will hold all such assets
      and such other assets included in the definition of “Trust Fund” in trust for
      the exclusive use and benefit of all present and future
      Certificateholders.

     

    The
      Trustee agrees that it (or a Custodian will agree on its behalf) shall, for
      the
      benefit of the Certificateholders, review, or that it or a Custodian on its
      behalf has reviewed pursuant to Section 2.01 each Mortgage File on or prior
      to
      the Closing Date, with respect to each Mortgage Loan (or, with respect to any
      document delivered after the Startup Day, within 45 days of receipt and with
      respect to any Qualified Substitute Mortgage Loan, within 45 days after the
      assignment thereof).  The Trustee further agrees that it or a
      Custodian on its behalf shall, for the benefit of the Certificateholders,
      certify to the Depositor and the Servicer (with a copy to the NIMS Insurer)
      in
      substantially the form attached hereto as Exhibit F-1, within 45 days after
      the
      Closing Date, with respect to each Mortgage Loan (or, with respect to any
      document delivered after the Startup Day, within 45 days of receipt and with
      respect to any Qualified Substitute Mortgage, within 45 days after the
      assignment thereof) that, as to each Mortgage Loan listed in the respective
      Mortgage Loan Schedule (other than any Mortgage Loan paid in full or any
      Mortgage Loan specifically identified in the exception report annexed thereto
      as
      not being covered by such certification), (i) all documents required to be
      delivered to it (or the Custodian on its behalf) pursuant to Section 2.01 of
      this Agreement are in its possession, (ii) such documents have been reviewed
      by
      it (or the Custodian on its behalf) and have not been mutilated, damaged or
      torn
      and appear on their face to relate to such Mortgage Loan and (iii) based on
      its
      examination and only as to the foregoing, the information set forth in the
      Mortgage Loan Schedule that corresponds to items (1) and (3) of the Mortgage
      Loan Schedule accurately reflects information set forth in the Mortgage File.
      It
      is herein acknowledged that, in conducting such review, the Trustee (or the
      Custodian, as applicable) is under no duty or obligation to inspect, review
      or
      examine any such documents, instruments, certificates or other papers to
      determine that they are genuine, legally enforceable, valid or binding or
      appropriate for the represented purpose or that they have actually been recorded
      or that they are other than what they purport to be on their face.

     

    Prior
      to
      the first anniversary date of this Agreement the Trustee (or the Custodian
      on
      its behalf) shall deliver to the Depositor and the Servicer, with a copy to
      the
      NIMS Insurer a final certification in the form annexed hereto as Exhibit F-2,
      with any applicable exceptions noted thereon.

     

    If
      in the
      process of reviewing the Mortgage Files and making or preparing, as the case
      may
      be, the certifications referred to above, the Trustee (or the Custodian, as
      applicable) finds any document or documents constituting a part of a Mortgage
      File to be missing or not to conform with respect to any characteristics which
      are within the scope of the Trustee’s (or the Custodian’s, as applicable) review
      as provided herein, at the conclusion of its review, the Trustee shall so notify
      the Originator, the Depositor, the NIMS Insurer and the Servicer. In addition,
      upon the discovery by the Depositor, the NIMS Insurer or the Servicer (or upon
      receipt by the Trustee of written notification of such breach) of a breach
      of
      any of the representations and warranties made by the Originator in the Master
      Agreement or the Seller in the Assignment Agreement in respect of any Mortgage
      Loan which materially adversely affects such Mortgage Loan or the interests
      of
      the related Certificateholders in such Mortgage Loan, the party discovering
      such
      breach shall give prompt written notice to the NIMS Insurer and the other
      parties to this Agreement.

     

    Notwithstanding
      anything to the contrary in this Agreement, in no event shall the Trustee be
      liable to any party hereto or to any third party for the performance of any
      custody-related functions, including without limitation with respect to which
      the Custodian shall fail to take action on behalf of the Trustee or failure
      by
      the Custodian to perform any custody related functions in the event the
      Custodian shall fail to satisfy all the related requirements under this
      Agreement.

     

    The
      Depositor and the Trustee intend that the assignment and transfer herein
      contemplated constitute a sale of the Mortgage Loans, the related Mortgage
      Notes
      and the related documents, conveying good title thereto free and clear of any
      liens and encumbrances, from the Depositor to the Trustee in trust for the
      benefit of the Certificateholders and that such property not be part of the
      Depositor’s estate or property of the Depositor in the event of any insolvency
      by the Depositor. In the event that such conveyance is deemed to be, or to
      be
      made as security for, a loan, the parties intend that the Depositor shall be
      deemed to have granted and does hereby grant to the Trustee a first priority
      perfected security interest in all of the Depositor’s right, title and interest
      in and to the Mortgage Loans, the related Mortgage Notes and the related
      documents, and that this Agreement shall constitute a security agreement under
      applicable law.

     

    
      	
              SECTION
                2.03  

            	
              Repurchase
                or Substitution of Mortgage Loans by the Originator or the
                Seller.

            

    

     

    (a)  Upon
      discovery or receipt of written notice from the Trustee of any materially
      defective document in, or that a document is missing from, a Mortgage File
      or of
      the breach by the Originator or the Seller, as applicable, of any
      representation, warranty or covenant under the Master Agreement or the
      Assignment Agreement, as applicable, in respect of any Mortgage Loan which
      materially adversely affects the value of such Mortgage Loan or the interest
      therein of the Certificateholders, the Trustee shall request that the Originator
      deliver such missing document or that the Originator or the Seller cure such
      defect or breach within 90 days from the date the Originator or the Seller
      was
      notified of such missing document, defect or breach, and if the Originator
      or
      the Seller does not deliver such missing document or cure such defect or breach
      in all material respects during such period, the Trustee shall enforce (in
      the
      manner set forth in Section 2.01) the Originator’s obligation under the Master
      Agreement or the Assignment Agreement or the Seller’s obligation under the
      Assignment Agreement and notify the Originator or the Seller, as applicable,
      of
      its obligation to repurchase such Mortgage Loan from the Trust Fund at the
      Purchase Price on or prior to the Determination Date following the expiration
      of
      such 90 day period (subject to Section 2.03(e)). The Purchase Price for the
      repurchased Mortgage Loan shall be remitted to the Servicer for deposit in
      the
      Collection Account, and the Trustee, upon receipt of written certification
      from
      the Servicer of such deposit, shall release (or cause the Custodian to release)
      to the Originator or the Seller, as applicable, the related Mortgage
      File  and the Trustee shall execute and deliver such instruments of
      transfer or assignment, in each case without recourse, as the Originator or
      the
      Seller, as applicable, shall furnish to it and as shall be necessary to vest
      in
      the Originator or Seller, as applicable, any Mortgage Loan released pursuant
      hereto and the Trustee shall have no further responsibility with regard to
      such
      Mortgage File (it being understood that the Trustee shall have no responsibility
      for determining the sufficiency of such assignment for its intended purpose).
      In
      lieu of repurchasing any such Mortgage Loan as provided above, the Originator
      or
      the Seller, as applicable, may cause such Mortgage Loan to be removed from
      the
      Trust Fund (in which case it shall become a Deleted Mortgage Loan) and
      substitute one or more Qualified Substitute Mortgage Loans in the manner and
      subject to the limitations set forth in Section 2.03(d); provided, however,
      the
      Seller may not substitute for any Mortgage Loan which breaches a representation
      or warranty regarding abusive or predatory lending laws. It is understood and
      agreed that the obligation of the Originator or the Seller, as applicable,
      to
      cure or to repurchase (or to substitute for) any Mortgage Loan as to which
      a
      document is missing, a material defect in a constituent document exists or
      as to
      which such a breach has occurred and is continuing shall constitute the sole
      remedy against the Originator or the Seller, as applicable, respecting such
      omission, defect or breach available to the Trustee on behalf of the
      Certificateholders.  In order to facilitate the discovery of any
      materially defective document in, or that a document is missing from, a Mortgage
      File or of the breach by the Originator of any representation, warranty or
      covenant under the Master Agreement in respect of any Mortgage Loan which
      materially adversely affects the value of that Mortgage Loan or the interest
      therein of the Certificateholders, the Depositor shall have the right to request
      from the Originator, on behalf of the Trust Fund, a copy of the Mortgage File
      (including any documents related thereto, such as payment histories, collection
      screens and payoff amounts) from the Originator, or if any portion or copy
      of
      such Mortgage File is being held by the Servicer or the Custodian, from the
      Servicer or the Custodian, as applicable and the Originator, the Servicer or
      the
      Custodian, as applicable, are hereby authorized to deliver such file to the
      Depositor.  In addition, within 5 Business Days after request by the
      Depositor therefor, the Trustee, in its capacity as Custodian, shall provide
      a
      copy of any Mortgage File in its possession to the Depositor.  The
      Depositor shall pay any costs and expenses of the Custodian incurred in
      connection with the provision or examination of any such Mortgage File requested
      pursuant to the preceding sentence.

     

    (b)  Within
      90
      days of the earlier of discovery by the Depositor or receipt of notice by the
      Depositor of the breach of any representation, warranty or covenant of the
      Depositor set forth in Section 2.06, which materially and adversely affects
      the
      interests of the Certificateholders in any Mortgage Loan, the Depositor shall
      cure such breach in all material respects.

     

    (c)  Within
      90
      days of the earlier of discovery by the Servicer or receipt of notice by the
      Servicer of the breach of any representation, warranty or covenant of the
      Servicer set forth in Section 2.05 which materially and adversely affects the
      interests of the Certificateholders in any Mortgage Loan, the Servicer shall
      cure such breach in all material respects.

     

    (d)  Any
      substitution of Qualified Substitute Mortgage Loans for Deleted Mortgage Loans
      made pursuant to Section 2.03(a) must be effected prior to the last Business
      Day
      that is within two years after the Closing Date. As to any Deleted Mortgage
      Loan
      for which the Originator or the Seller, as applicable, substitutes a Qualified
      Substitute Mortgage Loan or Loans, such substitution shall be effected by the
      Originator or the Seller, as applicable, delivering to the Trustee (or the
      Custodian on behalf of the Trustee), for such Qualified Substitute Mortgage
      Loan
      or Loans, the Mortgage Note, the Mortgage and the Assignment to the Trustee,
      and
      such other documents and agreements, with all necessary endorsements thereon,
      as
      are required by Section 2.01, together with an Officers’ Certificate providing
      that each such Qualified Substitute Mortgage Loan satisfies the definition
      thereof and specifying the Substitution Adjustment (as described below), if
      any,
      in connection with such substitution. The Trustee shall acknowledge (or cause
      the Custodian to acknowledge) receipt for such Qualified Substitute Mortgage
      Loan or Loans and, within 45 days thereafter, shall review such documents as
      specified in Section 2.02 and deliver to the Depositor and the Servicer (with
      a
      copy to the NIMS Insurer), with respect to such Qualified Substitute Mortgage
      Loan or Loans, a certification substantially in the form attached hereto as
      Exhibit F-1, with any applicable exceptions noted thereon. Within one year
      of
      the date of substitution, the Trustee shall deliver (or cause the Custodian
      to
      deliver) to the Depositor and the Servicer (with a copy to the NIMS Insurer)
      a
      certification substantially in the form of Exhibit F-2 hereto with respect
      to
      such Qualified Substitute Mortgage Loan or Loans, with any applicable exceptions
      noted thereon. Monthly Payments due with respect to Qualified Substitute
      Mortgage Loans in the month of substitution are not part of the Trust Fund
      and
      will be retained by the Originator or the Seller, as applicable. For the month
      of substitution, distributions to Certificateholders will reflect the
      collections and recoveries in respect of such Deleted Mortgage Loan in the
      Due
      Period preceding the month of substitution and the Originator or the Seller,
      as
      applicable, shall thereafter be entitled to retain all amounts subsequently
      received in respect of such Deleted Mortgage Loan.  The Depositor
      shall give or cause to be given written notice to the Trustee and the NIMS
      Insurer, who shall forward such notice to the Certificateholders, that such
      substitution has taken place, shall amend the Mortgage Loan Schedule to reflect
      the removal of such Deleted Mortgage Loan from the terms of this Agreement
      and
      the substitution of the Qualified Substitute Mortgage Loan or Loans and shall
      deliver a copy of such amended Mortgage Loan Schedule to the Trustee and the
      Custodian and the NIMS Insurer.   Upon such substitution by the
      Originator or the Seller, as applicable, such Qualified Substitute Mortgage
      Loan
      or Loans shall constitute part of the Mortgage Pool and shall be subject in
      all
      respects to the terms of this Agreement and the Assignment Agreement, including
      all applicable representations and warranties thereof included in the Assignment
      Agreement as of the date of substitution.

     

    For
      any
      month in which the Originator or the Seller, as applicable, substitutes one
      or
      more Qualified Substitute Mortgage Loans for one or more Deleted Mortgage Loans,
      the Servicer will determine the amount (the “Substitution Adjustment”), if any,
      by which the aggregate Purchase Price of all such Deleted Mortgage Loans exceeds
      the aggregate, as to each such Qualified Substitute Mortgage Loan, of the Stated
      Principal Balance thereof as of the date of substitution, together with one
      month’s interest on such Stated Principal Balance at the applicable Mortgage
      Rate. On the date of such substitution, the Originator or the Seller, as
      applicable, will deliver or cause to be delivered to the Servicer for deposit
      in
      the Collection Account an amount equal to the Substitution Adjustment, if any,
      and the Trustee, upon receipt of the related Qualified Substitute Mortgage
      Loan
      or Loans and certification by the Servicer of such deposit, shall release (or
      cause the Custodian to release) to the Originator or the Seller, as applicable,
      the related Mortgage File or Files and the Trustee shall execute and deliver
      such instruments of transfer or assignment, in each case without recourse,
      as
      the Originator or the Seller, as applicable, shall deliver to it and as shall
      be
      necessary to vest therein any Deleted Mortgage Loan released pursuant
      hereto.

     

    In
      addition, pursuant to the terms of the Assignment Agreement, the Originator
      or
      the Seller, as applicable, shall obtain at its own expense and deliver to the
      Trustee and the NIMS Insurer an Opinion of Counsel to the effect that such
      substitution will not cause (a) any federal tax to be imposed on the Trust
      Fund,
      including without limitation, any federal tax imposed on “prohibited
      transactions” under Section 860F(a)(I) of the Code or on “contributions after
      the startup date” under Section 860G(d)(I) of the Code or (b) any REMIC to fail
      to qualify as a REMIC at any time that any Certificate is outstanding. If such
      Opinion of Counsel can not be delivered, then such substitution may only be
      effected at such time as the required Opinion of Counsel can be
      given.

     

    (e)  Upon
      discovery by the Depositor, the Servicer, the NIMS Insurer or the Trustee that
      any Mortgage Loan does not constitute a “qualified mortgage” within the meaning
      of Section 860G(a)(3) of the Code, the party discovering such fact shall within
      two Business Days give written notice thereof to the other parties hereto.
      In
      connection therewith, the Originator or the Depositor, as the case may be,
      shall
      repurchase or, subject to the limitations set forth in Section 2.03(d),
      substitute one or more Qualified Substitute Mortgage Loans for the affected
      Mortgage Loan within 90 days of the earlier of discovery or receipt of such
      notice with respect to such affected Mortgage Loan. Such repurchase or
      substitution shall be made (i) by the Originator if the affected Mortgage Loan’s
      status as a non-qualified mortgage is or results from a breach of any
      representation, warranty or covenant made by the Originator under the Master
      Agreement or (ii) the Depositor, if the affected Mortgage Loan’s status as a
      non-qualified mortgage is a breach of any representation or warranty of the
      Depositor set forth in Section 2.06, or if its status as a non-qualified
      mortgage is a breach of no representation or warranty. Any such repurchase
      or
      substitution shall be made in the same manner as set forth in Section 2.03(a)
      or
      2.03(d), if made by the Originator, or Section 2.03(b), if made by the
      Depositor. The Trustee (or the Custodian on behalf of the Trustee) shall
      reconvey to the Depositor or the Originator, as the case may be, the Mortgage
      Loan to be released pursuant hereto in the same manner, and on the same terms
      and conditions, as it would a Mortgage Loan repurchased for breach of a
      representation or warranty.

     

    (f)  Upon
      discovery or receipt of written notice of a breach by the Seller of any
      representation, warranty or covenant made by the Seller under the Assignment
      Agreement in respect of any Mortgage Loan which materially adversely affects
      the
      value of such Mortgage Loan or the interest therein of the Certificateholders,
      and if either (i) such Mortgage Loan is not in breach of any representation,
      warranty or covenant of the Originator or (ii) the Originator has failed to
      remedy such representation, warranty or covenant with respect to such Mortgage
      Loan, then the Trustee shall enforce the obligation of the Seller to remedy
      such
      breach, to the extent provided in the Assignment Agreement, in the manner and
      within the time periods set forth in the Assignment Agreement.

     

    
      	
              SECTION
                2.04  

            	
              [Reserved].

            

    

     

    
      	
              SECTION
                2.05  

            	
              Representations,
                Warranties and Covenants of the
                Servicer.

            

    

     

    The
      Servicer hereby represents, warrants and covenants to the Trustee, for the
      benefit of each of the Trustee and the Certificateholders, and to the Depositor,
      that as of the Closing Date or as of such date specifically provided
      herein:

     

    (i)  The
      Servicer is duly organized, validly existing, and in good standing under the
      laws of the jurisdiction of its formation and has all licenses necessary to
      carry on its business as now being conducted and is licensed, qualified and
      in
      good standing in the states where the Mortgaged Property is located (or is
      otherwise exempt under applicable law from such qualification) if the laws
      of
      such state require licensing or qualification in order to conduct business
      of
      the type conducted by the Servicer or to ensure the enforceability or validity
      of each Mortgage Loan; the Servicer has the power and authority to execute
      and
      deliver this Agreement and to perform in accordance herewith; the execution,
      delivery and performance of this Agreement (including all instruments of
      transfer to be delivered pursuant to this Agreement) and all documents and
      instruments contemplated hereby which are executed and delivered by the Servicer
      and the consummation of the transactions contemplated hereby have been duly
      and
      validly authorized; this Agreement and all documents and instruments
      contemplated hereby which are executed and delivered by the Servicer, assuming
      due authorization, execution and delivery by the other parties hereto, evidences
      the valid, binding and enforceable obligation of the Servicer, subject to
      applicable bankruptcy, insolvency, reorganization, moratorium or other similar
      laws affecting the enforcement of creditors’ rights generally; and all requisite
      corporate action has been taken by the Servicer to make this Agreement and
      all
      documents and instruments contemplated hereby which are executed and delivered
      by the Servicer valid and binding upon the Servicer in accordance with its
      terms;

     

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

     

    (iii)  The
      execution and delivery of this Agreement by the Servicer and the performance
      and
      compliance with its obligations and covenants hereunder do not require the
      consent or approval of any governmental authority or, if such consent or
      approval is required, it has been obtained;

     

    (iv)  [Reserved];

     

    (v)  The
      Servicer does not believe, nor does it have any reason or cause to believe,
      that
      it cannot perform each and every covenant contained in this
      Agreement;

     

    (vi)  There
      is
      no action, suit, proceeding or investigation pending or, to its knowledge,
      threatened against the Servicer that, either individually or in the aggregate,
      which would reasonably be expected to (A) result in any change in the business,
      operations, financial condition, properties or assets of the Servicer that
      might
      prohibit or materially and adversely affect the performance by such Servicer
      of
      its obligations under, or the validity or enforceability of, this Agreement,
      or
      (B) result in any material impairment of the right or ability of the Servicer
      to
      carry on its business substantially as now conducted, or (C) draw into question
      the validity or enforceability of this Agreement or of any action taken or
      to be
      taken in connection with the obligations of the Servicer contemplated herein,
      or
      (D) impair materially the ability of the Servicer to perform under the terms
      of
      this Agreement;

     

    (vii)  Neither
      this Agreement nor any information, certificate of an officer, statement
      furnished in writing or report delivered to the Trustee by the Servicer in
      connection with the transactions contemplated hereby contains any untrue
      statement of a material fact;

     

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

     

    (ix)  The
      Servicer has fully furnished and will continue to 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.

     

    It
      is
      understood and agreed that the representations, warranties and covenants set
      forth in this Section 2.05 shall survive delivery of the Mortgage Files to
      the
      Trustee (or the Custodian on behalf of the Trustee) and shall inure to the
      benefit of the Trustee, the Depositor and the Certificateholders. Upon discovery
      by any of the Depositor, the NIMS Insurer, the Servicer or the Trustee of a
      breach of any of the foregoing representations, warranties and covenants which
      materially and adversely affects the value of any Mortgage Loan, Prepayment
      Charge or the interests therein of the Certificateholders, the party discovering
      such breach shall give prompt written notice (but in no event later than two
      Business Days following such discovery) to the Servicer, the NIMS Insurer and
      the Trustee. Notwithstanding the foregoing, within 90 days of the earlier of
      discovery by the Servicer or receipt of notice by the Servicer of the breach
      of
      the representation or covenant of the Servicer set forth in Section 2.05(viii)
      above which materially and adversely affects the interests of the Holders of
      the
      Class P Certificates in any Prepayment Charge, the Servicer must pay the amount
      of such waived Prepayment Charge, for the benefit of the Holders of the Class
      P
      Certificates, by depositing such amount into the Collection
      Account.  The foregoing shall not, however, limit any remedies
      available to the Certificateholders, the Depositor or the Trustee on behalf
      of
      the Certificateholders, pursuant to the Master Agreement respecting a breach
      of
      the representations, warranties and covenants of the Originator.

     

    
      	
              SECTION
                2.06  

            	
              Representations
                and Warranties of the Depositor.

            

    

     

    The
      Depositor represents and warrants to the Trust, the Servicer and the Trustee
      on
      behalf of the Certificateholders as follows:

     

    (i)  This
      agreement constitutes a legal, valid and binding obligation of the Depositor,
      enforceable against the Depositor in accordance with its terms, except as
      enforceability may be limited by applicable bankruptcy, insolvency,
      reorganization, moratorium or other similar laws now or hereafter in effect
      affecting the enforcement of creditors’ rights in general and except as such
      enforceability may be limited by general principles of equity (whether
      considered in a proceeding at law or in equity);

     

    (ii)   Immediately
      prior to the sale and assignment by the Depositor to the Trustee on behalf
      of
      the Trust of each Mortgage Loan, the Depositor had good and marketable title
      to
      each Mortgage Loan (insofar as such title was conveyed to it by the Seller)
      subject to no prior lien, claim, participation interest, mortgage, security
      interest, pledge, charge or other encumbrance or other interest of any
      nature;

     

    (iii)  As
      of the
      Closing Date, the Depositor has transferred all right, title and interest in
      the
      Mortgage Loans to the Trustee on behalf of the Trust;

     

    (iv)  The
      Depositor has not transferred the Mortgage Loans to the Trustee on behalf of
      the
      Trust with any intent to hinder, delay or defraud any of its
      creditors;

     

    (v)  The
      Depositor has been duly incorporated and is validly existing as a corporation
      in
      good standing under the laws of Delaware, with full corporate power and
      authority to own its assets and conduct its business as presently being
      conducted;

     

    (vi)  The
      Depositor is not in violation of its articles of incorporation or by-laws or
      in
      default in the performance or observance of any material obligation, agreement,
      covenant or condition contained in any contract, indenture, mortgage, loan
      agreement, note, lease or other instrument to which the Depositor is a party
      or
      by which it or its properties may be bound, which default might result in any
      material adverse changes in the financial condition, earnings, affairs or
      business of the Depositor or which might materially and adversely affect the
      properties or assets, taken as a whole, of the Depositor;

     

    (vii)  The
      execution, delivery and performance of this Agreement by the Depositor, and
      the
      consummation of the transactions contemplated thereby, do not and will not
      result in a material breach or violation of any of the terms or provisions
      of,
      or, to the knowledge of the Depositor, constitute a default under, any
      indenture, mortgage, deed of trust, loan agreement or other agreement or
      instrument to which the Depositor is a party or by which the Depositor is bound
      or to which any of the property or assets of the Depositor is subject, nor
      will
      such actions result in any violation of the provisions of the articles of
      incorporation or by-laws of the Depositor or, to the best of the Depositor’s
      knowledge without independent investigation, any statute or any order, rule
      or
      regulation of any court or governmental agency or body having jurisdiction
      over
      the Depositor or any of its properties or assets (except for such conflicts,
      breaches, violations and defaults as would not have a material adverse effect
      on
      the ability of the Depositor to perform its obligations under this
      Agreement);

     

    (viii)  To
      the
      best of the Depositor’s knowledge without any independent investigation, no
      consent, approval, authorization, order, registration or qualification of or
      with any court or governmental agency or body of the United States or any other
      jurisdiction is required for the issuance of the Certificates, or the
      consummation by the Depositor of the other transactions contemplated by this
      Agreement, except such consents, approvals, authorizations, registrations or
      qualifications as (a) may be required under State securities or Blue Sky laws,
      (b) have been previously obtained or (c) the failure of which to obtain would
      not have a material adverse effect on the performance by the Depositor of its
      obligations under, or the validity or enforceability of, this
      Agreement;

     

    (ix)  There
      are
      no actions, proceedings or investigations pending before or, to the Depositor’s
      knowledge, threatened by any court, administrative agency or other tribunal
      to
      which the Depositor is a party or of which any of its properties is the subject:
      (a) which if determined adversely to the Depositor would have a material adverse
      effect on the business, results of operations or financial condition of the
      Depositor; (b) asserting the invalidity of this Agreement or the Certificates;
      (c) seeking to prevent the issuance of the Certificates or the consummation
      by
      the Depositor of any of the transactions contemplated by this Agreement, as the
      case may be; or (d) which might materially and adversely affect the performance
      by the Depositor of its obligations under, or the validity or enforceability
      of,
      this Agreement; and

     

    (x)  The
      beneficial owner of the payments made under the Interest Rate Swap Agreement,
      the Interest Rate Cap Agreement or the Basis Risk Cap Agreement is either (i)
      a
“U.S. person” (as that term is used in section 1.1441-4(a)(3)(ii) of United
      States Treasury Regulations) for United States federal income tax purposes
      and
      an “Exempt recipient” within the meaning of section 1.6049-4(c)(1)(ii) of United
      States Treasury Regulations, or (ii) a “non-U.S. branch of a foreign person” as
      that term is used in section 1.1441-4(a)(3)(ii) of the United States Treasury
      Regulations (the “Regulations”) for United States federal income tax purposes,
      and it is a “foreign person” as that term is used in section 1.6041-4(a)(4) of
      the Regulations for United States federal income tax
      purposes.   The Depositor understands that both the Trust and the
      Trustee are relying on this information in connection with the execution of
      the
      Interest Rate Swap Agreement, the Interest Rate Cap Agreement and the Basis
      Risk
      Cap Agreement.

     

    
      	
              SECTION
                2.07  

            	
              Issuance
                of Certificates.

            

    

     

    The
      Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery
      to it (or the Custodian on behalf of the Trustee) of the Mortgage Files, subject
      to any exceptions noted by the Custodian in its exception report delivered
      pursuant to Section 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.

     

    
      	
              SECTION
                2.08  

            	
              Authorization
                to Enter into Basis Risk Cap Agreement, Interest Rate Cap Agreement
                and
                Interest Rate Swap Agreement.

            

    

     

    (a)  The
      Trustee is hereby directed to execute and deliver the Basis Risk Cap Agreement
      on behalf of Party B (as defined therein) and to exercise the rights, perform
      the obligations, and make the representations of Party B thereunder, solely
      in
      its capacity as Trustee on behalf of Party B (as defined therein) and not in
      its
      individual capacity.  The Servicer, the Depositor and the
      Certificateholders (by acceptance of their Certificates) acknowledge and agree
      that (i) the Trustee shall execute and deliver the Basis Risk Cap Agreement
      on
      behalf of Party B (as defined therein) and (ii) the Trustee shall exercise
      the
      rights, perform the obligations, and make the representations of Party B
      thereunder, solely in its capacity as Trustee on behalf of Party B as defined
      therein) and not in its individual capacity.

     

    (b)  The
      Trustee, not in its individual capacity but solely in its separate capacity
      as
      Cap Trustee, is hereby directed to exercise the rights, perform the obligations,
      and make any representations to be exercised, performed, or made by the Cap
      Trustee, as described herein.  The Cap Trustee is hereby directed to
      execute and deliver the Cap Allocation Agreement and the Interest Rate Cap
      Agreement on behalf of Party B (as defined in the Interest Rate Cap Agreement)
      and to exercise the rights, perform the obligations, and make the
      representations of Party B, solely in its capacity as Cap Trustee on behalf
      of
      Party B (as defined in the Interest Rate Cap Agreement) and not in its
      individual capacity.  The Servicer, the Depositor and the
      Certificateholders (by acceptance of their Certificates) acknowledge and agree
      that (i) the Cap Trustee shall execute and deliver the Cap Allocation Agreement
      and the Interest Rate Cap Agreement on behalf of Party B (as defined in the
      Interest Rate Cap Agreement), (ii) the Cap Trustee shall exercise the rights,
      perform the obligations, and make the representations of Party B thereunder,
      solely in its capacity as Cap Trustee on behalf of Party B (as defined in the
      Interest Rate Cap Agreement) and not in its individual capacity and (iii) the
      Trustee on the Cap Trustee’s behalf shall also be entitled to exercise the
      rights and obligated to perform the obligations of Party B under the Interest
      Rate Cap Agreement.  Every provision of this Agreement relating to the
      conduct or affecting the liability of or affording protection to the Trustee
      shall apply to the Trustee’s execution (as Cap Trustee) of the Interest Rate Cap
      Agreement, and the performance of its duties and satisfaction of its obligations
      thereunder.

     

    (c)  The
      Trustee, not in its individual capacity but solely in its separate capacity
      as
      Supplemental Interest Trust Trustee, is hereby directed to exercise the rights,
      perform the obligations, and make any representations to be exercised,
      performed, or made by the Supplemental Interest Trust Trustee, as described
      herein. The Supplemental Interest Trust Trustee is hereby directed to execute
      and deliver the Interest Rate Swap Agreement on behalf of Party B (as defined
      therein) and to exercise the rights, perform the obligations, and make the
      representations of Party B thereunder, solely in its capacity as Supplemental
      Interest Trust Trustee on behalf of Party B (as defined therein) and not in
      its
      individual capacity.  The Servicer, the Depositor and the
      Certificateholders (by acceptance of their Certificates) acknowledge and agree
      that (i) the Supplemental Interest Trust Trustee shall execute and deliver
      the
      Interest Rate Swap Agreement on behalf of Party B (as defined therein), (ii)
      the
      Supplemental Interest Trust Trustee shall exercise the rights, perform the
      obligations, and make the representations of Party B thereunder, not in its
      individual capacity but, solely in its capacity as Supplemental Interest Trust
      Trustee on behalf of Party B (as defined therein) and (iii) the Trustee on
      the
      Supplemental Interest Trust Trustee’s behalf shall also be entitled to exercise
      the rights and obligated to perform the obligations of Party B under the
      Interest Rate Swap Agreement.  Every provision of this Agreement
      relating to the conduct or affecting the liability of or affording protection
      to
      the Trustee shall apply to the Trustee’s execution (as Supplemental Interest
      Trust Trustee) of the Interest Rate Swap Agreement, and the performance of
      its
      duties and satisfaction of its obligations thereunder.

     

    
      	
              SECTION
                2.09  

            	
              Acceptance
                of REMIC 1, REMIC 2, REMIC 3, REMIC 4, REMIC 5 and REMIC 6 by the
                Trustee;
                Conveyance of REMIC 1 Regular Interests, Class C Interest and Class
                P
                Interest; Issuance of Certificates.

            

    

     

    (a)  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 assets
      described in the definition of REMIC 1 for the benefit of the holders of the
      REMIC 1 Regular Interests (which are uncertificated) and the Class R
      Certificates (in respect of the Class R-1 Interest). The Trustee acknowledges
      receipt of the assets described in the definition of REMIC 1 and declares that
      it holds and will hold the same in trust for the exclusive use and benefit
      of
      the holders of the REMIC 1 Regular Interests and the Class R Certificates (in
      respect of the Class R-1 Interest). The interests evidenced by the Class R-1
      Interest, together with the REMIC 1 Regular Interests, constitute the entire
      beneficial ownership interest in REMIC 1.

     

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

     

    (c)  The
      Depositor, concurrently with the execution and delivery hereof, does hereby
      transfer, assign, set over and otherwise convey in trust to the Trustee without
      recourse all the right, title and interest of the Depositor in and to the REMIC
      2 Regular Interests (which are uncertificated) for the benefit of the Holders
      of
      the Regular Certificates (other than the Class C Certificates or the Class
      P
      Certificates), the Class C Interest, the Class P Interest, the Class IO Interest
      and the Class R Certificates (in respect of the Class R-3 Interest). The Trustee
      acknowledges receipt of the REMIC 4 Regular Interests and declares that it
      holds
      and will hold the same in trust for the exclusive use and benefit of the Holders
      of the Regular Certificates (other than the Class C Certificates or Class P
      Certificates), the Class C Interest, the Class P Interest, the Class IO Interest
      and the Class R Certificates (in respect of the Class R-4 Interest). The
      interests evidenced by the Class R-3 Interest, together with the Regular
      Certificates (other than the Class C Certificates or Class P Certificates),
      the
      Class C Interest, the Class P Interest and the Class IO Interest, constitute
      the
      entire beneficial ownership interest in REMIC 3.

     

    (d)  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 Class
      C Interest (which is uncertificated) for the benefit of the Holders of the
      Class
      C Certificates and the Class R-X Certificates (in respect of the Class R-4
      Interest). The Trustee acknowledges receipt of the Class C Interest and declares
      that it holds and will hold the same in trust for the exclusive use and benefit
      of the Holders of the Class C Certificates and the Class R-X Certificates (in
      respect of the Class R-4 Interest). The interests evidenced by the Class R-4
      Interest, together with the Class C Certificates, constitute the entire
      beneficial ownership interest in REMIC 4.

     

    (e)  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 Class
      P Interest (which is uncertificated) for the benefit of the Holders of the
      Class
      P Certificates and the Class R-X Certificates (in respect of the Class R-5
      Interest). The Trustee acknowledges receipt of the Class P Interest and declares
      that it holds and will hold the same in trust for the exclusive use and benefit
      of the Holders of the Class P Certificates and the Class R-X Certificates (in
      respect of the Class R-5 Interest). The interests evidenced by the Class R-5
      Interest, together with the Class P Certificates, constitute the entire
      beneficial ownership interest in REMIC 5.

     

    (f)  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 Class
      IO Interest (which is uncertificated) for the benefit of the Holders of the
      REMIC 6 Regular Interest SWAP IO and the Class R-X Certificates (in respect
      of
      the Class R-6 Interest). The Trustee acknowledges receipt of the Class IO
      Interest and declares that it holds and will hold the same in trust for the
      exclusive use and benefit of the Holders of the REMIC 6 Regular Interest SWAP
      IO
      and the Class R-X Certificates (in respect of the Class R-6 Interest). The
      interests evidenced by the Class R-6 Interest, together with the REMIC 6 Regular
      Interest SWAP IO, constitute the entire beneficial ownership interest in REMIC
      6.

     

    (g)  Concurrently
      with (i) the assignment and delivery to the Trustee of REMIC 1 and the
      acceptance by the Trustee thereof, pursuant to Section 2.01, Section 2.02 and
      subsection (a) hereof, (ii) the assignment and delivery to the Trustee of REMIC
      2 (including the Residual Interest therein represented by the Class R-2
      Interest) and the acceptance by the Trustee thereof, pursuant to subsection
      (b)
      hereof, (iii) the assignment and delivery to the Trustee of REMIC 3 (including
      the Residual Interest therein represented by the Class R-3 Interest) and the
      acceptance by the Trustee thereof, pursuant to subsection (c) hereof, (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, pursuant to subsection (c) hereof, (v) the assignment
      and
      delivery to the Trustee of REMIC 5 (including the Residual Interest therein
      represented by the Class R-5 Interest) and the acceptance by the Trustee
      thereof, pursuant to subsection (d) hereof and (vi) the assignment and delivery
      to the Trustee of REMIC 6 (including the Residual Interest therein represented
      by the Class R-6 Interest) and the acceptance by the Trustee thereof, pursuant
      to subsection (e) hereof, 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, (A) the Class R
      Certificates in authorized denominations evidencing the Class R-1 Interest,
      the
      Class R-2 Interest and the Class R-3 Interest and (B) the Class R-X Certificates
      in authorized denominations evidencing the Class R-4 Interest, the Class R-5
      Interest and the Class R-6 Interest.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      III

    ADMINISTRATION
      AND SERVICING OF
      THE
      MORTGAGE LOANS

     

    
      	
              SECTION
                3.01  

            	
              Servicer
                to Act as Servicer.

            

    

     

    The
      Servicer shall service and administer the Mortgage Loans on behalf of the Trust
      and in the best interests of and for the benefit of the Certificateholders
      (as
      determined by the Servicer in its reasonable judgment) in accordance with the
      terms of this Agreement and the Mortgage Loans and, to the extent consistent
      with such terms, in the same manner in which it services and administers similar
      mortgage loans for its own portfolio, giving due consideration to customary
      and
      usual standards of practice of mortgage lenders and loan servicers administering
      similar mortgage loans but without regard to:

     

    (i)  any
      relationship that the Servicer, any Sub-Servicer or any Affiliate of the
      Servicer or any Sub-Servicer may have with the related Mortgagor;

     

    (ii)  the
      ownership or non-ownership of any Certificate by the Servicer or any Affiliate
      of the Servicer;

     

    (iii)  the
      Servicer’s obligation to make Advances or Servicing Advances; or

     

    (iv)  the
      Servicer’s or any Sub-Servicer’s right to receive compensation for its services
      hereunder or with respect to any particular transaction (the “Servicing
      Standard”).

     

    To
      the
      extent consistent with the foregoing, the Servicer (a) shall seek the timely
      and
      complete recovery of principal and interest on the Mortgage Notes and (b) shall
      waive (or permit a Sub-Servicer to waive) a Prepayment Charge only under the
      following circumstances: (i) such waiver is standard and customary in servicing
      similar Mortgage Loans and, (ii) such waiver relates to a default or a
      reasonably foreseeable default and would, in the reasonable judgment of the
      Servicer, maximize recovery of total proceeds taking into account the value
      of
      such Prepayment Charge and the related Mortgage Loan, (iii) the collection
      of
      such Prepayment Charge would be in violation of applicable laws or (iv) the
      Servicer has not received information and documentation sufficient to confirm
      the existence or amount of such Prepayment Charge.  If a Prepayment
      Charge is waived as permitted by meeting the standard described in clauses
      (iii)
      or (iv) above, then the Trustee shall make commercially reasonable efforts
      to
      attempt to enforce the obligations of the Originator under the Master Agreement
      to pay the amount of such waived Prepayment Charge, for the benefit of the
      Holders of the Class P Certificates and the Depositor hereby agrees to assist
      and direct the Trustee in enforcing any obligations of the Originator to pay
      the
      amount of such waived Prepayment Charge under the Master
      Agreement.  If the Originator fails to pay the amount of such waived
      Prepayment Charge in accordance with its obligations under the Master Agreement,
      the Trustee and the Depositor shall consult on further actions to be taken
      against the Originator.  The Servicer hereby acknowledges that for the
      purposes of clause (iii) above, the law applicable to the enforcement of
      Prepayment Charges is the law applicable to the originator of the related
      Mortgage Loan.  In the event the Servicer determines that (i) the
      foregoing acknowledgement is no longer accurate and (ii) applicable state law
      would prevent it from fully enforcing any Prepayment Charge, the Servicer shall
      (i) provide notice to the Depositor at least 30 days prior to waiving any such
      Prepayment Charge and (ii) provide a written opinion of counsel from a
      nationally recognized law firm experienced in regulatory matters concluding
      that
      fully enforcing such Prepayment Charge would violate applicable
      law.

     

    To
      the
      extent consistent with the foregoing, the Servicer shall also seek to maximize
      the timely and complete recovery of principal and interest on the Mortgage
      Notes. Subject only to the above-described servicing standards and the terms
      of
      this Agreement and of the Mortgage Loans, the Servicer shall have full power
      and
      authority, acting alone or through Sub-Servicers as provided in Section 3.02,
      to
      do or cause to be done any and all things in connection with such servicing
      and
      administration which it may deem necessary or desirable.  Without
      limiting the generality of the foregoing, the Servicer, in the name of the
      Trust
      Fund, is hereby authorized and empowered by the Trustee when the Servicer
      believes it appropriate in its best judgment in accordance with the Servicing
      Standard, to execute and deliver, on behalf of the Certificateholders and the
      Trustee, 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 the Mortgaged Properties and to institute foreclosure
      proceedings or obtain a deed-in-lieu of foreclosure so as to convert the
      ownership of such properties, and to hold or cause to be held title to such
      properties, on behalf of the Trustee and Certificateholders.  The
      Servicer shall service and administer the Mortgage Loans in accordance with
      applicable state and federal law and shall provide to the Mortgagors any reports
      required to be provided to them thereby.  The Servicer shall also
      comply in the performance of this Agreement with all reasonable rules and
      requirements of each insurer under any standard hazard insurance
      policy.  Subject to Section 3.17, within five (5) days of the Closing
      Date, the Trustee shall execute and furnish to the Servicer and any Sub-Servicer
      any special or limited powers of attorney and other documents necessary or
      appropriate to enable the Servicer or any Sub-Servicer to carry out their
      servicing and administrative duties hereunder; provided, such limited
      powers of attorney or other documents shall be prepared by the Servicer and
      submitted to the Trustee for execution.  The Trustee shall not be
      liable for the actions by the Servicer or any Sub-Servicers under such powers
      of
      attorney.

     

    Subject
      to Section 3.09 hereof, in accordance with the standards of the preceding
      paragraph, the Servicer, on escrowed accounts, 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 Servicing
      Advances reimbursable in the first instance from related collections from the
      Mortgagors pursuant to Section 3.09, and further as provided in Section 3.11.
      Any cost incurred by the Servicer or by Sub-Servicers in effecting the payment
      of taxes and assessments on a Mortgaged Property shall not, for the purpose
      of
      calculating distributions to Certificateholders, be added to the unpaid Stated
      Principal Balance of the related Mortgage Loan, notwithstanding that the terms
      of such Mortgage Loan so permit.

     

    Notwithstanding
      anything in this Agreement to the contrary, the Servicer may not make any future
      advances with respect to a Mortgage Loan (except as provided in Section 4.04)
      and the Servicer shall not (i) permit any modification with respect to any
      Mortgage Loan that would change the Mortgage Rate, reduce or increase the Stated
      Principal Balance (except for reductions resulting from actual payments of
      principal) or change the final maturity date on such Mortgage Loan (unless,
      in
      any such case, as provided in Section 3.07, the Mortgagor is in default with
      respect to the Mortgage Loan or such default is, in the judgment of the
      Servicer, reasonably foreseeable) or (ii) permit any modification, waiver or
      amendment of any term of any Mortgage Loan that would both (A) effect an
      exchange or reissuance of such Mortgage Loan under Section 1001 of the Code
      (or
      Treasury regulations promulgated thereunder) and (B) cause any REMIC created
      hereunder 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.

     

    The
      Servicer shall also undertake to defend, with respect to a claim against the
      Trustee or the Trust, any claims against the Trust, the Trustee or itself by
      a
      Mortgagor which relate to or affect the servicing of any Mortgage
      Loan.  This shall not be construed as an assumption of liability in
      such matters.  The Trustee shall notify the Servicer of any such claim
      as soon as practicable after receiving notice of such claim.  The
      Servicer shall not be liable for any delay in responding to any claim of which
      it has not received timely notice.  The Trustee shall cooperate with
      the Servicer in all aspects of the defense of such claims, including the timely
      delivery of all relevant litigation files and other related
      information.  In the event the Servicer acts on behalf of the Trustee,
      the Trust or itself in any such litigation, the Trust shall pay all costs and
      expenses (including attorneys’ fees, court costs, settlements and judgments)
      associated with the defense and management of such claim; provided, however,
      that the Servicer shall not be indemnified for any such cost or expense relating
      to claims against the Servicer and incurred by reason of its willful
      misfeasance, bad faith or negligence in the performance of its duties
      hereunder.

     

    The
      Servicer further is hereby authorized and empowered in its own name or in the
      name of the Subservicer, when the Servicer or the Subservicer, 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 reasonable expenses incurred in
      connection with the actions described in the preceding sentence or as a result
      of MERS discontinuing or becoming unable to continue operations in connection
      with the MERS® System, shall be reimbursable by the Trust Fund to such
      Servicer.

     

    
      	
              SECTION
                3.02  

            	
              Sub-Servicing
                Agreements Between Servicer and
                Sub-Servicers.

            

    

     

    (a)  The
      Servicer may enter into Sub-Servicing Agreements with Sub-Servicers, which
      may
      be Affiliates of the Servicer, for the servicing and administration of the
      Mortgage Loans; provided, however, (i) such sub-servicing arrangement and the
      terms of the related Sub-Servicing Agreement must provide for the servicing
      of
      the Mortgage Loans in a manner consistent with the servicing arrangement
      contemplated hereunder and (ii) the NIMS Insurer shall have consented to such
      sub-servicing agreement.  The Trustee is hereby authorized to
      acknowledge, at the request of the Servicer, any Sub-Servicing
      Agreement.  No such acknowledgment shall be deemed to imply that the
      Trustee has consented to any such Sub-Servicing Agreement, has passed upon
      whether such Sub-Servicing Agreement meets the requirements applicable to
      Sub-Servicing Agreements set forth in this Agreement or has passed upon whether
      such Sub-Servicing Agreement is otherwise permitted under this
      Agreement.  The Servicer may, in connection with its duties as
      Servicer hereunder, enter into transactions with any of its Affiliates relating
      to the Mortgage Loans; provided, that (i) such transaction is in the ordinary
      course of business of the Servicer, and (ii) the terms of such transaction
      are
      no less favorable to the Servicer than it would obtain in a comparable
      arm’s-length transaction with a person that is not an Affiliate of the
      Servicer.

     

    Each
      Sub-Servicer shall be (i) authorized to transact business in the state or states
      where 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 (ii) a Freddie
      Mac or Fannie Mae approved mortgage servicer. Each Sub-Servicing Agreement
      must
      impose on the Sub-Servicer requirements conforming to the provisions set forth
      in Section 3.08 and provide for servicing of the Mortgage Loans consistent
      with
      the terms of this Agreement. The Servicer will examine each Sub-Servicing
      Agreement and will be familiar with the terms thereof. The terms of any
      Sub-Servicing Agreement will not be inconsistent with any of the provisions
      of
      this Agreement. Any variation in any Sub-Servicing Agreements from the
      provisions set forth in Section 3.08 relating to insurance or priority
      requirements of Sub-Servicing Accounts, or credits and charges to the
      Sub-Servicing Accounts or the timing and amount of remittances by the
      Sub-Servicers to the Servicer, are conclusively deemed to be inconsistent with
      this Agreement and therefore prohibited. The Servicer shall deliver to the
      NIMS
      Insurer and the Trustee copies of all Sub-Servicing Agreements, and any
      amendments or modifications thereof, promptly upon the Servicer’s execution and
      delivery of such instruments.

     

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

     

    
      	
              SECTION
                3.03  

            	
              Successor
                Sub-Servicers.

            

    

     

    The
      Servicer, with the consent of the NIMS Insurer, shall be entitled to terminate
      any Sub-Servicing Agreement and the rights and obligations of any Sub-Servicer
      pursuant to any Sub-Servicing Agreement in accordance with the terms and
      conditions of such Sub-Servicing Agreement. In the event of termination of
      any
      Sub-Servicer, all servicing obligations of such Sub-Servicer shall be assumed
      simultaneously by the Servicer without any act or deed on the part of such
      Sub-Servicer or the Servicer, and the 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.

     

    Any
      Sub-Servicing Agreement shall include the provision that such agreement may
      be
      immediately terminated by the Servicer or the Trustee (if the Trustee is acting
      as Servicer) without fee, in accordance with the terms of this Agreement, in
      the
      event that the Servicer (or the Trustee, if such party is then acting as
      Servicer) shall, for any reason, no longer be the Servicer (including
      termination due to a Servicer Event of Termination).

     

    
      	
              SECTION
                3.04  

            	
              Liability
                of the Servicer.

            

    

     

    Notwithstanding
      any Sub-Servicing Agreement or the provisions of this Agreement relating to
      agreements or arrangements between the Servicer and a Sub-Servicer or reference
      to actions taken through a Sub-Servicer or otherwise, the Servicer shall remain
      obligated and primarily liable to the Trustee and the Certificateholders for
      the
      servicing and administering of the Mortgage Loans in accordance with the
      provisions of Section 3.01 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 Servicer alone were servicing and administering
      the Mortgage Loans. The Servicer shall be entitled to enter into any agreement
      with a Sub-Servicer for indemnification of the 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 the NIMS Insurer,
                the
                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 shall be deemed to be between the Sub-Servicer and the Servicer alone,
      and the NIMS Insurer, the Trustee or 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 Servicer shall be solely liable for all fees owed by it to any
      Sub-Servicer, irrespective of whether the Servicer’s compensation pursuant to
      this Agreement is sufficient to pay such fees.

     

    
      	
              SECTION
                3.06  

            	
              Assumption
                or Termination of Sub-Servicing Agreements by
                Trustee.

            

    

     

    In
      the
      event the Servicer shall for any reason no longer be the servicer (including
      by
      reason of the occurrence of a Servicer Event of Termination), the Trustee,
      in
      addition to its duties under Section 7.02, shall thereupon assume all of the
      rights and obligations of the Servicer under each Sub-Servicing Agreement that
      the Servicer may have entered into, unless the Trustee elects to terminate
      any
      Sub-Servicing Agreement in accordance with its terms as provided in Section
      3.03. Upon such assumption, the Trustee (or the successor servicer appointed
      pursuant to Section 7.02) shall be deemed, subject to Section 3.03, to have
      assumed all of the departing Servicer’s interest therein and to have replaced
      the departing Servicer as a party to each Sub-Servicing Agreement to the same
      extent as if each Sub-Servicing Agreement had been assigned to the assuming
      party, except that (i) the departing Servicer shall not thereby be relieved
      of
      any liability or obligations under any Sub-Servicing Agreement that arose before
      it ceased to be the Servicer and (ii) neither the Trustee nor any successor
      Servicer shall be deemed to have assumed any liability or obligation of the
      Servicer that arose before it ceased to be the Servicer.

     

    The
      Servicer at its expense shall, upon request of the Trustee, deliver to the
      assuming party all documents and records relating to each Sub-Servicing
      Agreement and the Mortgage Loans then being serviced and an accounting of
      amounts collected and held by or on behalf of it, and otherwise use its best
      efforts to effect the orderly and efficient transfer of the Sub-Servicing
      Agreements to the assuming party. All Servicing Transfer Costs shall be paid
      by
      the predecessor Servicer upon presentation of reasonable documentation of such
      costs, and if such predecessor Servicer is the Trustee or it defaults in its
      obligation to pay such costs, such costs shall be paid by the successor Servicer
      or the Trustee (in which case the successor Servicer or the Trustee, as
      applicable, shall be entitled to reimbursement therefor from the assets of
      the
      Trust).

     

    
      	
              SECTION
                3.07  

            	
              Collection
                of Certain Mortgage Loan Payments.

            

    

     

    The
      Servicer shall make reasonable efforts, in accordance with the Servicing
      Standard, to collect all payments called for under the terms and provisions
      of
      the Mortgage Loans and the provisions of any applicable insurance policies
      provided to the Servicer.  Consistent with the foregoing, the Servicer
      may in its discretion (i) waive any late payment charge or, if applicable,
      any
      penalty interest or any provisions of any Mortgage Loan requiring the related
      Mortgagor to submit to mandatory arbitration with respect to disputes arising
      thereunder, or (ii) extend the due dates for the Monthly Payments due on a
      Mortgage Note for a period of not greater than 180 days; provided, however,
      that
      any extension pursuant to clause (ii) above shall not affect the amortization
      schedule of any Mortgage Loan for purposes of any computation hereunder, except
      as provided below. In the event of any such arrangement pursuant to clause
      (ii)
      above, the Servicer shall make timely Advances on such Mortgage Loan during
      such
      extension pursuant to Section 4.04 and in accordance with the amortization
      schedule of such Mortgage Loan without modification thereof by reason of such
      arrangement. Notwithstanding the foregoing, in the event that any Mortgage
      Loan
      is in default or, in the judgment of the Servicer, such default is reasonably
      foreseeable, the Servicer, consistent with the standards set forth in Section
      3.01, may also waive, modify or vary any term of such Mortgage Loan (including
      modifications that would change the Mortgage Rate, forgive the payment of
      principal or interest or extend the final maturity date of such Mortgage Loan),
      accept payment from the related Mortgagor of an amount less than the Stated
      Principal Balance in final satisfaction of such Mortgage Loan, or consent to
      the
      postponement of strict compliance with any such term or otherwise grant
      indulgence to any Mortgagor (any and all such waivers, modifications, variances,
      forgiveness of principal or interest, postponements, or indulgences collectively
      referred to herein as “forbearance”), provided, however, that the NIMS Insurer’s
      prior written consent shall be required for any modification, waiver or
      amendment if the aggregate number of outstanding Mortgage Loans which have
      been
      modified, waived or amended exceeds 5% of the number of Mortgage Loans as of
      the
      Cut-off Date.  The Servicer's analysis supporting any forbearance and
      the conclusion that any forbearance meets the standards of Section 3.01 shall
      be
      reflected in writing in the Mortgage File.

     

    
      	
              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 comply with all
      requirements of this Agreement relating to the Collection Account. The
      Sub-Servicer shall deposit in the clearing account in which it customarily
      deposits payments and collections on mortgage loans in connection with its
      mortgage loan servicing activities on a daily basis, and in no event more than
      one Business Day after the Sub-Servicer’s receipt thereof, all proceeds of
      Mortgage Loans received by the Sub-Servicer less its servicing compensation
      to
      the extent permitted by the Sub-Servicing Agreement, and shall thereafter
      deposit such amounts in the Sub-Servicing Account, in no event more than two
      Business Days after the receipt of such amounts. The Sub-Servicer shall
      thereafter deposit such proceeds in the Collection Account or remit such
      proceeds to the Servicer for deposit in the Collection Account not later than
      two Business Days after the deposit of such amounts in the Sub-Servicing
      Account. For purposes of this Agreement, the Servicer shall be deemed to have
      received payments on the Mortgage Loans when the Sub-Servicer receives such
      payments.

     

    
      	
              SECTION
                3.09  

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

            

    

     

    To
      the
      extent required by the related Mortgage Note, the Servicer shall establish
      and
      maintain, or cause to be established and maintained, one or more accounts (the
      “Escrow Accounts”), into which all Escrow Payments shall be deposited and
      retained.  Escrow Accounts shall be Eligible Accounts. The Servicer
      shall deposit in the clearing account in which it customarily deposits payments
      and collections on mortgage loans in connection with its mortgage loan servicing
      activities, all Escrow Payments collected on account of the Mortgage Loans
      and
      shall deposit in the Escrow Accounts, in no event more than two Business Days
      after the deposit of such funds in the clearing account, all Escrow Payments
      collected on account of the Mortgage Loans for the purpose of effecting the
      payment of any such items as required under the terms of this Agreement.
      Withdrawals of amounts from an Escrow Account may be made only to (i) effect
      payment of taxes, assessments, hazard insurance premiums, and comparable items
      in a manner and at a time that assures that the lien priority of the Mortgage
      is
      not jeopardized (or, with respect to the payment of taxes, in a manner and
      at a
      time that avoids the loss of the Mortgaged Property due to a tax sale or the
      foreclosure as a result of a tax lien); (ii) reimburse the Servicer (or a
      Sub-Servicer to the extent provided in the related Sub-Servicing Agreement)
      out
      of related collections for any Servicing Advances made pursuant to Section
      3.01
      (with respect to taxes and assessments) and Section 3.14 (with respect to hazard
      insurance); (iii) refund to Mortgagors any sums as may be determined to be
      overages; (iv) pay interest, if required and as described below, to Mortgagors
      on balances in the Escrow Account; or (v) clear and terminate the Escrow Account
      at the termination of the Servicer’s obligations and responsibilities in respect
      of the Mortgage Loans under this Agreement in accordance with Article X. In
      the
      event the Servicer shall deposit in a Escrow Account any amount not required
      to
      be deposited therein, it may at any time withdraw such amount from such Escrow
      Account, any provision herein to the contrary notwithstanding. The Servicer
      will
      be responsible for the administration of the Escrow Accounts and will be
      obligated to make Servicing Advances to such accounts when and as necessary
      to
      avoid the lapse of insurance coverage on the Mortgaged Property, or which the
      Servicer knows, or in the exercise of the required standard of care of the
      Servicer hereunder should know, is necessary to avoid the loss of the Mortgaged
      Property due to a tax sale or the foreclosure as a result of a tax lien. If
      any
      such payment has not been made and the Servicer receives notice of a tax lien
      with respect to the Mortgage being imposed, the Servicer will, within 10
      Business Days of receipt of such notice, advance or cause to be advanced funds
      necessary to discharge such lien on the Mortgaged Property. As part of its
      servicing duties, the Servicer or any Sub-Servicers shall pay to the Mortgagors
      interest on funds in the Escrow Accounts, to the extent required by law and,
      to
      the extent that interest earned on funds in the Escrow Accounts is insufficient,
      to pay such interest from its or their own funds, without any reimbursement
      therefor. The Servicer may pay to itself any excess interest on funds in the
      Escrow Accounts, to the extent such action is in conformity with the Servicing
      Standard, is permitted by law and such amounts are not required to be paid
      to
      Mortgagors or used for any of the other purposes set forth above.

     

    
      	
              SECTION
                3.10  

            	
              Collection
                Account and Distribution Account.

            

    

     

    (a)  On
      behalf
      of the Trust Fund, the Servicer shall establish and maintain, or cause to be
      established and maintained, one or more accounts (such account or accounts,
      the
“Collection Account”), held in trust for the benefit of the Trustee and the
      Certificateholders. On behalf of the Trust Fund, the Servicer shall deposit
      or
      cause to be deposited in the Collection Account, in no event more than two
      Business Days after the Servicer’s receipt thereof, in no event more than two
      Business Days after the deposit of such funds in the clearing account, as and
      when received or as otherwise required hereunder, the following payments and
      collections received or made by it subsequent to the Cut-off Date (other than
      in
      respect of principal or interest on the Mortgage Loans due on or before the
      Cut-off Date) or payments (other than Principal Prepayments) received by it
      on
      or prior to the Cut-off Date but allocable to a Due Period subsequent
      thereto:

     

    (i)  all
      payments on account of principal, including Principal Prepayments (but not
      Prepayment Charges), on the Mortgage Loans;

     

    (ii)  all
      payments on account of interest (net of the Servicing Fee) on each Mortgage
      Loan;

     

    (iii)  all
      Insurance Proceeds, Net Liquidation Proceeds, Subsequent Recoveries and
      condemnation proceeds (other than proceeds collected in respect of any
      particular REO Property and amounts paid in connection with a purchase of
      Mortgage Loans and REO Properties pursuant to Section 10.01);

     

    (iv)  any
      amounts required to be deposited pursuant to Section 3.12 in connection with
      any
      losses realized on Permitted Investments with respect to funds held in the
      Collection Account;

     

    (v)  any
      amounts required to be deposited by the Servicer pursuant to the second
      paragraph of Section 3.14(a) in respect of any blanket policy
      deductibles;

     

    (vi)  all
      proceeds of any Mortgage Loan repurchased or purchased in accordance with
      Section 2.03, Section 3.16(c) or Section 10.01;

     

    (vii)  all
      amounts required to be deposited in connection with Substitution Adjustments
      pursuant to Section 2.03; and

     

    (viii)  all
      Prepayment Charges collected by the Servicer and any Servicer Prepayment Charge
      Payment Amounts in connection with the Principal Prepayment of any of the
      Mortgage Loans.

     

    The
      foregoing requirements for deposit in the Collection Account shall be exclusive,
      it being understood and agreed that, without limiting the generality of the
      foregoing, payments in the nature of Servicing Fees, late payment charges,
      assumption fees, insufficient funds charges and ancillary income (other than
      Prepayment Charges) need not be deposited by the Servicer in the Collection
      Account and may be retained by the Servicer as additional compensation. In
      the
      event the Servicer shall deposit in the Collection Account any amount not
      required to be deposited therein, it may at any time withdraw such amount from
      the Collection Account, any provision herein to the contrary
      notwithstanding.

     

    (b)  On
      behalf
      of the Trust Fund, the Trustee shall establish and maintain one or more
      segregated, non-interest bearing trust accounts (such account or accounts,
      the
“Distribution Account”), held in trust for the benefit of the Trustee and the
      Certificateholders. On behalf of the Trust Fund, the Servicer shall deliver
      to
      the Trustee in immediately available funds for deposit in the Distribution
      Account on or before 1:00 p.m. New York time on the Servicer Remittance Date,
      that portion of the Available Funds (calculated without regard to the references
      in the definition thereof to amounts that may be withdrawn from the Distribution
      Account) for the related Distribution Date then on deposit in the Collection
      Account, the amount of all Prepayment Charges collected during the applicable
      Prepayment Period by the Servicer and Servicer Prepayment Charge Payment Amounts
      in connection with the Principal Prepayment of any of the Mortgage Loans then
      on
      deposit in the Collection Account, the amount of any funds reimbursable to
      an
      Advancing Person pursuant to Section 3.29 (unless such amounts are to be
      remitted in another manner as specified in the documentation establishing the
      related Advance Facility).

     

    If,
      by
      1:00 p.m. New York time, on the Servicer Remittance Date, the Servicer fails
      to
      remit to the Trustee for deposit into the Distribution Account any amounts
      required to be so remitted by the Servicer pursuant to this Agreement, the
      Servicer shall pay to the Trustee, for its own account, interest on such amounts
      at the prime rate for such date (as set forth in the Wall Street
      Journal) for the period commencing on the Servicer Remittance Date through
      the Business Day on which such failure is remedied.

     

    (c)  Funds
      in
      the Collection Account and the Distribution Account may be invested in Permitted
      Investments in accordance with the provisions set forth in Section 3.12. The
      Servicer shall give written notice to the NIMS Insurer and the Trustee of the
      location of the Collection Account maintained by it when established and prior
      to any change thereof. The Trustee shall give notice to the NIMS Insurer, the
      Servicer and the Depositor of the location of the Distribution Account when
      established and prior to any change thereof.

     

    (d)  Funds
      held in the Collection Account at any time may be delivered by the Servicer
      to
      the Trustee for deposit in an account (which may be the Distribution Account
      and
      must satisfy the standards for the Distribution Account as set forth in the
      definition thereof) and for all purposes of this Agreement shall be deemed
      to be
      a part of the Collection Account; provided, however, that the Trustee shall
      have
      the sole authority to withdraw any funds held pursuant to this subsection (d).
      In the event the Servicer shall deliver to the Trustee for deposit in the
      Distribution Account any amount not required to be deposited therein, it may
      at
      any time request that the Trustee withdraw such amount from the Distribution
      Account and remit to it any such amount, any provision herein to the contrary
      notwithstanding. In addition, the Servicer, with respect to items (i) through
      (iv) below, shall deliver to the Trustee from time to time for deposit, and
      the
      Trustee, with respect to items (i) through (iv) below, shall so deposit, in
      the
      Distribution Account:

     

    (i)  any
      Advances, as required pursuant to Section 4.04;

     

    (ii)  any
      amounts required to be deposited pursuant to Section 3.23(d) or (f) in
      connection with any REO Property;

     

    (iii)  any
      amounts to be paid by the Servicer in connection with a purchase of Mortgage
      Loans and REO Properties pursuant to Section 10.01;

     

    (iv)  any
      Compensating Interest to be deposited pursuant to Section 3.24 in connection
      with any Prepayment Interest Shortfall;

     

    (v)  any
      amounts required to be paid to the Trustee pursuant to the Agreement, including,
      but not limited to Section 3.06 and Section 7.02; and

     

    (vi)  any
      other
      amounts deposited hereunder which are required to be deposited in the
      Distribution Account.

     

    
      	
              SECTION
                3.11  

            	
              Withdrawals
                from the Collection Account and Distribution
                Account.

            

    

     

    (a)  The
      Servicer shall, from time to time, make withdrawals from the Collection Account
      for any of the following purposes or as described in Section 4.04:

     

    (i)  to
      remit
      to the Trustee for deposit in the Distribution Account the amounts required
      to
      be so remitted pursuant to Section 3.10(b) or permitted to be so remitted
      pursuant to the first sentence of Section 3.10(d);

     

    (ii)  subject
      to Section 3.16(d), to reimburse the Servicer for (a) any unreimbursed Advances
      to the extent of amounts received which represent Late Collections (net of
      the
      related Servicing Fees), Liquidation Proceeds and Insurance Proceeds on Mortgage
      Loans or REO Properties with respect to which such Advances were made in
      accordance with the provisions of Section 4.04; or (b) without limiting any
      right of withdrawal set forth in clause (vi) below, any unreimbursed Advances
      that, upon a Final Recovery Determination with respect to such Mortgage Loan,
      are Nonrecoverable Advances, but only to the extent that Late Collections (net
      of the related Servicing Fees), Liquidation Proceeds and Insurance Proceeds
      received with respect to such Mortgage Loan are insufficient to reimburse the
      Servicer for such unreimbursed Advances; or (c) subject to 4.04(b), any
      unreimbursed Advances to the extent of funds held in the Collection Account
      for
      future distribution that were not included in Available Funds for the preceding
      Distribution Date;

     

    (iii)  subject
      to Section 3.16(d), to pay the Servicer or any Sub-Servicer (a) any unpaid
      Servicing Fees, (b) any unreimbursed Servicing Advances with respect to each
      Mortgage Loan, but only to the extent of any Late Collections, Liquidation
      Proceeds and Insurance Proceeds received with respect to such Mortgage Loan
      or
      REO Property, and (c) without limiting any right of withdrawal set forth in
      clause (vi) below, any Servicing Advances made with respect to a Mortgage Loan
      that, upon a Final Recovery Determination with respect to such Mortgage Loan
      are
      Nonrecoverable Advances, but only to the extent that Late Collections,
      Liquidation Proceeds and Insurance Proceeds received with respect to such
      Mortgage Loan are insufficient to reimburse the Servicer or any Sub-Servicer
      for
      Servicing Advances;

     

    (iv)  to
      pay to
      the Servicer as additional servicing compensation (in addition to the Servicing
      Fee) on the Servicer Remittance Date any interest or investment income earned
      on
      funds deposited in the Collection Account;

     

    (v)  to
      pay
      itself, the NIMS Insurer or the Originator, as applicable, with respect to
      each
      Mortgage Loan that has previously been purchased or replaced pursuant to Section
      2.03 or Section 3.16(c) all amounts received thereon subsequent to the date
      of
      purchase or substitution, as the case may be and any enforcement expenses
      reasonably incurred in respect of such breach or defect, including any expenses
      arising out of the enforcement of such purchase obligations;

     

    (vi)  to
      reimburse the Servicer for any Advance or Servicing Advance previously made
      which the Servicer has determined to be a Nonrecoverable Advance in accordance
      with the provisions of Section 4.04;

     

    (vii)  to
      pay,
      or to reimburse the Servicer for Servicing Advances in respect of, expenses
      incurred in connection with any Mortgage Loan pursuant to Section
      3.16(b);

     

    (viii)  to
      reimburse the Servicer for expenses incurred by or reimbursable to the Servicer
      pursuant to Section 6.03;

     

    (ix)  to
      pay
      itself any Prepayment Interest Excess;

     

    (x)  to
      clear
      and terminate the Collection Account pursuant to Section 10.01; and

     

    (xi)  to
      withdraw any amount deposited in the Collection Account and not required to
      be
      deposited therein.

     

    The
      foregoing requirements for withdrawal from the Collection Account shall be
      exclusive.  In the event the Servicer shall deposit in the Collection
      Account any amount not required to be deposited therein, it may at any time
      withdraw such amount from the Collection Account, any provision herein to the
      contrary notwithstanding.

     

    The
      Servicer shall keep and maintain separate accounting, on a Mortgage Loan by
      Mortgage Loan basis, for the purpose of justifying any withdrawal from the
      Collection Account, to the extent held by or on behalf of it, pursuant to
      subclauses (ii), (iii), (iv), (v), (vi) and (vii) above. The Servicer shall
      provide written notification to the NIMS Insurer and the Trustee, on or prior
      to
      the next succeeding Servicer Remittance Date, upon making any withdrawals from
      the Collection Account pursuant to subclause (vi) above; provided that an
      Officers’ Certificate in the form described under Section 4.04(d) shall suffice
      for such written notification to the Trustee in respect hereof.

     

    (b)  The
      Trustee shall, from time to time, make withdrawals from the Distribution
      Account, for any of the following purposes, without priority:

     

    (i)  to
      make
      distributions in accordance with Section 4.01;

     

    (ii)  to
      pay to
      itself any Trustee Compensation;

     

    (iii)  to
      pay
      any amounts in respect of taxes pursuant to Section 9.01(g);

     

    (iv)  to
      clear
      and terminate the Distribution Account pursuant to Section 10.01;

     

    (v)  to
      pay
      any amounts required to be paid to the Trustee pursuant to this Agreement,
      including but not limited to funds required to be paid pursuant to Section
      3.06,
      Section 4.01, Section 7.02 and Section 8.05; and

     

    (vi)  to
      pay to
      an Advancing Person reimbursements for Advances and/or Servicing Advances
      pursuant to Section 3.29.

     

    
      	
              SECTION
                3.12  

            	
              Investment
                of Funds in the Collection Account and the Distribution
                Account.

            

    

     

    (a)  The
      Servicer may direct any depository institution maintaining the Collection
      Account and any REO Account to invest the funds on deposit in such accounts
      and
      the Trustee may invest the funds on deposit in the Distribution Account or
      hold
      such funds uninvested (each such account, for the purposes of this Section
      3.12,
      an “Investment Account”).  All investments pursuant to this Section
      3.12 shall be in one or more Permitted Investments bearing interest or sold
      at a
      discount, and maturing, unless payable on demand, (i) no later than 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 or if such investment is managed or advised
      by a Person other than the Trustee or an Affiliate of the Trustee, 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 or
      if
      such investment is managed or advised by the Trustee or any Affiliate. All
      such
      Permitted Investments shall be held to maturity, unless payable on demand.
      Any
      investment of funds in an Investment Account shall be made in the name of the
      Trustee (in its capacity as such), or in the name of a nominee of the Trustee.
      The Trustee shall be entitled to sole possession (except with respect to
      investment direction of funds held in the Collection Account and any REO
      Account, and any income and gain realized thereon) over each such investment,
      and any certificate or other instrument evidencing any such investment shall
      be
      delivered directly to the Trustee or its agent, together with any document
      of
      transfer necessary to transfer title to such investment to the Trustee or its
      nominee. In the event amounts on deposit in an Investment Account are at any
      time invested in a Permitted Investment payable on demand, the Trustee
      shall:

     

    (x)           consistent
      with any notice required to be given thereunder, demand that payment thereon
      be
      made on the last day such Permitted Investment may otherwise mature hereunder
      in
      an amount equal to the lesser of (1) all amounts then payable thereunder and
      (2)
      the amount required to be withdrawn on such date; and

     

    (y)           demand
      payment of all amounts due thereunder promptly upon determination by a
      Responsible Officer of the Trustee that such Permitted Investment would not
      constitute a Permitted Investment in respect of funds thereafter on deposit
      in
      the Investment Account.

     

    (b)  All
      income and gain realized from the investment of funds deposited in the
      Collection Account and any REO Account held by or on behalf of the Servicer
      shall be for the benefit of the Servicer and shall be subject to its withdrawal
      in accordance with Section 3.11, Section 3.29 or Section 3.23, as applicable.
      The Servicer shall deposit in the Collection Account or any REO Account, as
      applicable, the amount of any loss of principal incurred in respect of any
      such
      Permitted Investment made with funds in such Account immediately upon
      realization of such loss.

     

    (c)  All
      income and gain realized from the investment of funds deposited in the
      Distribution Account shall be for the benefit of the Trustee. The Trustee shall
      deposit in the Distribution Account the amount of any loss of principal incurred
      in respect of any such Permitted Investment made with funds in such Account
      immediately upon realization of such loss.  Notwithstanding the
      foregoing, the Trustee may at its discretion, and without liability, hold the
      funds in the Distribution Account uninvested.

     

    (d)  Except
      as
      otherwise expressly provided in this Agreement, if any default occurs in the
      making of a payment due under any Permitted Investment, or if a default occurs
      in any other performance required under any Permitted Investment, the Trustee
      may and, subject to Section 8.01 and Section 8.02(a)(v), upon the request of
      the
      NIMS Insurer or the Holders of Certificates representing more than 50% of the
      Voting Rights allocated to any Class of Certificates, shall take such action
      as
      may be appropriate to enforce such payment or performance, including the
      institution and prosecution of appropriate proceedings.

     

    
      	
              SECTION
                3.13  

            	
              [Reserved].

            

    

     

    
      	
              SECTION
                3.14  

            	
              Maintenance
                of Hazard Insurance and Errors and Omissions and Fidelity
                Coverage.

            

    

     

    (a)  The
      Servicer shall cause to be maintained for each Mortgage Loan hazard insurance
      with extended coverage on the Mortgaged Property in an amount which is at least
      equal to the lesser of (i) the current Principal Balance of such Mortgage Loan
      and (ii) the amount necessary to fully compensate for any damage or loss to
      the
      improvements that are a part of such property on a replacement cost basis,
      in
      each case in an amount not less than such amount as is necessary to avoid the
      application of any coinsurance clause contained in the related hazard insurance
      policy.  The Servicer shall also cause to be maintained hazard
      insurance with extended coverage on each REO Property in an amount which is
      at
      least equal to the lesser of (i) the maximum insurable value of the improvements
      which are a part of such property and (ii) the outstanding Principal Balance
      of
      the related Mortgage Loan at the time it became an REO Property. The Servicer
      will comply in the performance of this Agreement with all reasonable rules
      and
      requirements of each insurer under any such hazard policies. Any amounts to
      be
      collected by the Servicer under any such policies (other than amounts to be
      applied to the restoration or repair of the property subject to the related
      Mortgage or amounts to be released to the Mortgagor in accordance with the
      procedures that the Servicer would follow in servicing loans held for its own
      account, subject to the terms and conditions of the related Mortgage and
      Mortgage Note) shall be deposited in the Collection Account, subject to
      withdrawal pursuant to Section 3.11, if received in respect of a Mortgage Loan,
      or in the REO Account, subject to withdrawal pursuant to Section 3.23, if
      received in respect of an REO Property. Any cost incurred by the Servicer in
      maintaining any such insurance shall not, for the purpose of calculating
      distributions to Certificateholders, be added to the unpaid Principal Balance
      of
      the related Mortgage Loan, notwithstanding that the terms of such Mortgage
      Loan
      so permit.  It is understood and agreed that no earthquake or other
      additional insurance is to be required of any Mortgagor other than pursuant
      to
      such applicable laws and regulations as shall at any time be in force and as
      shall require such additional insurance. If the Mortgaged Property or REO
      Property is at any time in an area identified in the Federal Register by the
      Federal Emergency Management Agency as having special flood hazards and flood
      insurance has been made available, the Servicer will cause to be maintained
      a
      flood insurance policy in respect thereof. Such flood insurance shall be in
      an
      amount equal to the lesser of (i) the unpaid Principal Balance of the related
      Mortgage Loan and (ii) the maximum amount of such insurance available for the
      related Mortgaged Property under the national flood insurance program (assuming
      that the area in which such Mortgaged Property is located is participating
      in
      such program).

     

    In
      the
      event that the Servicer shall obtain and maintain a blanket policy 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 3.14, it being understood and agreed that such policy may
      contain a deductible clause on terms substantially equivalent to those
      commercially available and maintained by competent servicers, 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 complying with the first
      two
      sentences of this Section 3.14, and there shall have been one or more losses
      which would have been covered by such policy, deposit to the Collection Account
      from its own funds the amount not otherwise payable under the blanket policy
      because of such deductible clause. In connection with its activities as servicer
      of the Mortgage Loans, the Servicer agrees to prepare and present, on behalf
      of
      itself, the Depositor, the Trustee and Certificateholders, claims under any
      such
      blanket policy in a timely fashion in accordance with the terms of such
      policy.

     

    (b)  The
      Servicer shall keep in force during the term of this Agreement a policy or
      policies of insurance covering errors and omissions for failure in the
      performance of the Servicer’s obligations under this Agreement, which policy or
      policies shall be in such form and amount that would meet the requirements
      of
      Fannie Mae or Freddie Mac if it were the purchaser of the Mortgage Loans, unless
      the Servicer has obtained a waiver of such requirements from Fannie Mae or
      Freddie Mac. The Servicer shall provide the Trustee and the NIMS Insurer, upon
      request, with copies of such insurance policies and fidelity
      bond.  The Servicer shall also maintain a fidelity bond in the form
      and amount that would meet the requirements of Fannie Mae or Freddie Mac, unless
      the Servicer has obtained a waiver of such requirements from Fannie Mae or
      Freddie Mac. The Servicer shall be deemed to have complied with this provision
      if an Affiliate of the Servicer has such errors and omissions and fidelity
      bond
      coverage and, by the terms of such insurance policy or fidelity bond, the
      coverage afforded thereunder extends to the Servicer. Any such errors and
      omissions policy and fidelity bond shall by its terms not be cancelable without
      thirty days’ prior written notice to the Trustee and the NIMS Insurer. The
      Servicer shall also cause each Sub-Servicer to maintain a policy of insurance
      covering errors and omissions and a fidelity bond which would meet such
      requirements.

     

    
      	
              SECTION
                3.15  

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

            

    

     

    The
      Servicer will, to the extent it has knowledge of any conveyance or prospective
      conveyance of any Mortgaged Property by any Mortgagor (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 and/or the Mortgage), exercise
      its
      rights to accelerate the maturity of such Mortgage Loan under the “due-on-sale”
clause, if any, applicable thereto; provided, however, that the Servicer shall
      not be required to take such action if in its sole business judgment the
      Servicer believes it is not in the best interests of the Trust Fund and shall
      not exercise any such rights if prohibited by law from doing so. If the Servicer
      reasonably believes it is unable under applicable law to enforce such
“due-on-sale” clause, or if any of the other conditions set forth in the proviso
      to the preceding sentence apply, the Servicer will enter into an assumption
      and
      modification agreement from or 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.  The Servicer is also
      authorized, to the extent permitted under the related Mortgage Note, 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, provided that
      no
      such substitution shall be effective unless such person satisfies the current
      underwriting criteria of the Servicer for a mortgage loan similar to the related
      Mortgage Loan.  In connection with any assumption, modification or
      substitution, the Servicer shall apply such underwriting standards and follow
      such practices and procedures as shall be normal and usual in its general
      mortgage servicing activities and as it applies to other mortgage loans owned
      solely by it. The Servicer shall not take or enter into any assumption and
      modification agreement, however, unless (to the extent practicable in the
      circumstances) it shall have received confirmation, in writing, of the continued
      effectiveness of any applicable hazard insurance policy. Any fee collected
      by
      the Servicer in respect of an assumption, modification or substitution of
      liability agreement shall be retained by the Servicer as additional servicing
      compensation. In connection with any such assumption, no material term of the
      Mortgage Note (including but not limited to the related Mortgage Rate and the
      amount of the Monthly Payment) may be amended or modified, except as otherwise
      required pursuant to the terms thereof. The Servicer shall notify the Trustee
      that any such substitution, modification or assumption agreement has been
      completed by forwarding to the Trustee the executed original of such
      substitution, modification or assumption agreement, which document 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.

     

    Notwithstanding
      the foregoing paragraph or any other provision of this Agreement, the 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 by the terms of the Mortgage Note or any assumption which
      the Servicer may be restricted by law from preventing, for any reason
      whatsoever. For purposes of this Section 3.15, the term “assumption” is deemed
      to also include a sale (of the Mortgaged Property) subject to the Mortgage
      that
      is not accompanied by an assumption or substitution of liability
      agreement.

     

    
      	
              SECTION
                3.16  

            	
              Realization
                Upon Defaulted Mortgage Loans.

            

    

     

    (a)  The
      Servicer shall use its reasonable efforts, consistent with the Servicing
      Standard, to foreclose upon or otherwise comparably convert 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.  Title to any such
      property shall be taken in the name of the Trustee or its nominee, on behalf
      of
      the Certificateholders, subject to applicable law.  The Servicer shall
      be responsible for all costs and expenses incurred by it in any such
      proceedings; provided, however, that such costs and expenses will be recoverable
      as Servicing Advances by the Servicer as contemplated in Section 3.11(a) and
      Section 3.23. The foregoing is subject to the provision that, in any case in
      which a Mortgaged Property shall have suffered damage from an Uninsured Cause,
      the Servicer shall not be required to expend its own funds toward the
      restoration of such property unless it shall determine in its discretion that
      such restoration will increase the proceeds of liquidation of the related
      Mortgage Loan after reimbursement to itself for such expenses.

     

    (b)  Notwithstanding
      the foregoing provisions of this Section 3.16 or any other provision of this
      Agreement, with respect to any Mortgage Loan as to which the 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 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 Servicer has also previously determined,
      based
      on its reasonable judgment and a report prepared by a Person who regularly
      conducts environmental audits using customary industry standards,
      that:

     

    (A)  such
      Mortgaged Property is in compliance with applicable environmental laws or,
      if
      not, that it would be in the best economic interest of the Trust Fund to take
      such actions as are necessary to bring the Mortgaged Property into compliance
      therewith; and

     

    (B)  there
      are
      no circumstances present at such Mortgaged Property relating to the use,
      management or disposal of any hazardous substances, hazardous materials,
      hazardous wastes, or petroleum-based materials for which investigation, testing,
      monitoring, containment, clean-up or remediation could be required under any
      federal, state or local law or regulation, or that if any such materials are
      present for which such action could be required, that it would be in the best
      economic interest of the Trust Fund to take such actions with respect to the
      affected Mortgaged Property.

     

    Notwithstanding
      the foregoing, if such environmental audit reveals, or if the Servicer has
      actual knowledge or notice, that such Mortgaged Property contains such wastes
      or
      substances, the Servicer shall not foreclose or accept a deed in lieu of
      foreclosure without the prior written consent of the NIMS Insurer.

     

    The
      cost
      of the environmental audit report contemplated by this Section 3.16 shall be
      advanced by the Servicer, subject to the Servicer’s right to be reimbursed
      therefor from the Collection Account as provided in Section 3.11(a)(vii), such
      right of reimbursement being prior to the rights of Certificateholders to
      receive any amount in the Collection Account received in respect of the affected
      Mortgage Loan or other Mortgage Loans.

     

    If
      the
      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 into 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 Servicer shall take
      such action as it deems to be in the best economic interest of the Trust Fund;
      provided that any amounts disbursed by the Servicer pursuant to this Section
      3.16(b) shall constitute Servicing Advances, subject to Section 4.04(d). The
      cost of any such compliance, containment, clean-up or remediation shall be
      advanced by the Servicer, subject to the Servicer’s right to be reimbursed
      therefor from the Collection Account as provided in Section 3.11(a)(vii), such
      right of reimbursement being prior to the rights of Certificateholders to
      receive any amount in the Collection Account received in respect of the affected
      Mortgage Loan or other Mortgage Loans.

     

    (c)  The
      Servicer may, at its option, purchase a Mortgage Loan which has become 90 or
      more days delinquent or for which the Servicer has accepted a deed in lieu
      of
      foreclosure.  Prior to purchase pursuant to this Section 3.16(c), the
      Servicer shall be required to continue to make Advances pursuant to Section
      4.04.  The Servicer shall not use any procedure in selecting Mortgage
      Loans to be repurchased which is materially adverse to the interests of the
      Certificateholders.  The Servicer shall purchase such delinquent
      Mortgage Loan at a price equal to the Purchase Price of such Mortgage
      Loan.  Any such purchase of a Mortgage Loan pursuant to this Section
      3.16(c) shall be accomplished by deposit in the Collection Account of the amount
      of the Purchase Price.  Upon the satisfaction of the requirements set
      forth in Section 3.17(a), the Trustee shall immediately deliver the Mortgage
      File and any related documentation to the Servicer and will execute such
      documents provided to it as are necessary to convey the Mortgage Loan to the
      Servicer.

     

    (d)  Proceeds
      received in connection with any Final Recovery Determination, as well as any
      recovery resulting from a partial collection of Insurance Proceeds, Liquidation
      Proceeds or condemnation proceeds, in respect of any Mortgage Loan, will be
      applied in the following order of priority: first, to unpaid Servicing Fees;
      second, to reimburse the Servicer or any Sub-Servicer for any related
      unreimbursed Servicing Advances pursuant to Section 3.11(a)(iii) and Advances
      pursuant to Section 3.11(a)(ii); third, to accrued and unpaid interest on the
      Mortgage Loan, to the date of the Final Recovery Determination, or to the Due
      Date prior to the Distribution Date on which such amounts are to be distributed
      if not in connection with a Final Recovery Determination; and fourth, as a
      recovery of principal of the Mortgage Loan. The portion of the recovery so
      allocated to unpaid Servicing Fees shall be reimbursed to the Servicer or any
      Sub-Servicer pursuant to Section 3.11(a)(iii).

     

    
      	
              SECTION
                3.17  

            	
              Trustee
                to Cooperate; Release of Mortgage
                Files.

            

    

     

    (a)  Upon
      the
      payment in full of any Mortgage Loan, or the receipt by the Servicer of a
      notification that payment in full shall be escrowed in a manner customary for
      such purposes, the Servicer shall deliver to the Trustee, in written (with
      two
      executed copies) or electronic format, a Request for Release in the form of
      Exhibit E hereto (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 Collection Account pursuant to Section
      3.10 have been or will be so deposited) signed by a Servicing Officer (or in
      a
      mutually agreeable electronic format that will, in lieu of a signature on its
      face, originate from a Servicing Officer) and shall request delivery to it
      or
      its designee of the Mortgage File. Upon receipt of such certification and
      request, the Trustee shall release the related Mortgage File to the Servicer
      or
      its designee (which, shall be sent by overnight mail at the Servicer’s expense).
      Except as otherwise provided herein, no expenses incurred in connection with
      any
      instrument of satisfaction or deed of reconveyance shall be chargeable to the
      Collection Account or the Distribution Account.

     

    (b)  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 Loans, the Trustee shall, upon any request made by
      or
      on behalf of the Servicer and delivery to the Trustee of two executed copies
      of
      a written Request for Release in the form of Exhibit E hereto signed by a
      Servicing Officer (or in a mutually agreeable electronic format that will,
      in
      lieu of a signature on its face, originate from a Servicing Officer), release
      the related Mortgage File to the Servicer or its designee within three Business
      Days, which, shall be sent by overnight mail, at the expense of the Servicer
      or
      the related Mortgagor, and the Trustee (or the Custodian on behalf of the
      Trustee) shall, at the written direction of the Servicer, execute such documents
      provided to it by the Servicer as shall be necessary to the prosecution of
      any
      such proceedings. Such Request for Release shall obligate the Servicer to return
      each and every document previously requested from the Mortgage File to the
      Trustee (or the Custodian on behalf of the Trustee) when the need therefor
      by
      the Servicer no longer exists, unless the Mortgage Loan has been liquidated
      and
      the Liquidation Proceeds relating to the Mortgage Loan have been deposited
      in
      the Collection 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 Servicer has delivered, or caused to be delivered,
      to
      the Trustee an additional Request for Release certifying as to such liquidation
      or action or proceedings. Upon the request of the Trustee (or the Custodian
      on
      behalf of the Trustee), the Servicer shall provide notice to the Trustee (or
      the
      Custodian on behalf of the Trustee) of 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, in written
      (with two executed copies) or electronic format (or in a mutually agreeable
      electronic format that will, in lieu of a signature on its face, originate
      from
      a Servicing Officer), from a Servicing Officer stating that such Mortgage Loan
      was liquidated and that all amounts received or to be received in connection
      with such liquidation that are required to be deposited into the Collection
      Account have been so deposited, or that such Mortgage Loan has become an REO
      Property, such Mortgage Loan shall be released by the Trustee (or the Custodian
      on behalf of the Trustee) to the Servicer or its designee within three Business
      Days.

     

    (c)  Upon
      written certification of a Servicing Officer, the Trustee (or the Custodian
      on
      behalf of the Trustee) shall execute and deliver to the Servicer or the
      Sub-Servicer, as the case may be, copies of any court pleadings, requests for
      trustee’s sale or other documents 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
      certification shall include a request that such pleadings or documents be
      executed by the Trustee (or the Custodian on behalf of the Trustee) and a
      statement as to the reason such documents or pleadings are required and that
      the
      execution and delivery thereof by the Trustee (or the Custodian on behalf of
      the
      Trustee) will not invalidate or otherwise affect the lien of the Mortgage,
      except for the termination of such a lien upon completion of the foreclosure
      or
      trustee’s sale.

     

    
      	
              SECTION
                3.18  

            	
              Servicing
                Compensation.

            

    

     

    As
      compensation for its activities hereunder, the Servicer shall be entitled to
      the
      Servicing Fee with respect to each Mortgage Loan payable solely from payments
      of
      interest in respect of such Mortgage Loan, subject to Section 3.24. In addition,
      the Servicer shall be entitled to recover unpaid Servicing Fees out of Insurance
      Proceeds, Liquidation Proceeds or condemnation proceeds to the extent permitted
      by Section 3.11(a)(iii) and out of amounts derived from the operation and sale
      of an REO Property to the extent permitted by Section 3.23. Except as provided
      in Section 3.29, the right to receive the Servicing Fee may not be transferred
      in whole or in part except in connection with the transfer of all of the
      Servicer’s responsibilities and obligations under this Agreement; provided,
      however, that the Servicer may pay from the Servicing Fee any amounts due to
      a
      Sub-Servicer pursuant to a Sub-Servicing Agreement entered into under Section
      3.02.

     

    Additional
      servicing compensation in the form of assumption fees, late payment charges,
      insufficient funds charges, ancillary income or otherwise (other than Prepayment
      Charges) shall be retained by the Servicer only to the extent such fees or
      charges are received by the Servicer. The Servicer shall also be entitled
      pursuant to Section 3.11(a)(iv) to withdraw from the Collection Account and
      pursuant to Section 3.23(b) to withdraw from any REO Account, as additional
      servicing compensation, interest or other income earned on deposits therein,
      subject to Section 3.12 and Section 3.24. The Servicer shall be required to
      pay
      all expenses incurred by it in connection with its servicing activities
      hereunder (including premiums for the insurance required by Section 3.14, to
      the
      extent such premiums are not paid by the related Mortgagors or by a
      Sub-Servicer, and servicing compensation of each Sub-Servicer) and shall not
      be
      entitled to reimbursement therefor except as specifically provided
      herein.

     

    The
      Servicer shall be entitled to any Prepayment Interest Excess, which it may
      withdraw from the Collection Account pursuant to Section
      3.11(a)(ix).

     

    
      	
              SECTION
                3.19  

            	
              Reports
                to the Trustee; Collection Account
                Statements.

            

    

     

    Not
      later
      than twenty days after each Distribution Date, the Servicer shall forward to
      the
      NIMS Insurer and, upon request, to the Trustee and the Depositor the most
      current available bank statement for the Collection Account.  Copies
      of such statement shall be provided by the Trustee to any Certificateholder
      and
      to any Person identified to the Trustee as a prospective transferee of a
      Certificate, upon request at the expense of the requesting party, provided
      such
      statement is delivered by the Servicer to the Trustee.

     

    
      	
              SECTION
                3.20  

            	
              Statement
                of Compliance.

            

    

     

    The
      Servicer will deliver to the Trustee not later than March 15th of each
      calendar
      year, commencing in 2008, an Officers’ Certificate (an “Annual Statement of
      Compliance”) stating, as to each signatory thereof, that (i) a review of the
      activities of the Servicer during the preceding calendar year and of performance
      under this Agreement has been made under such officers’ supervision and (ii) to
      the best of such officers’ knowledge, based on such review, the Servicer has
      fulfilled all of its 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.  The Servicer shall deliver a similar Annual Statement of
      Compliance by any Sub-Servicer to which the Servicer has delegated any servicing
      responsibilities with respect to the Mortgage Loans, to the Trustee as described
      above as and when required with respect to the Servicer.

     

    If
      the
      Servicer cannot deliver the related Annual Statement of Compliance by March
      15th of such
      year, the Depositor, may permit a cure period for the Servicer to deliver such
      Annual Statement of Compliance, but in no event later than March 25th of such
      year.

     

    Any
      failure by the Servicer to deliver the Annual Statement of Compliance required
      under this Section 3.20, which Annual Statement of Compliance is required as
      part of a Form 10-K with respect to the Trust Fund, shall constitute a Servicer
      Event of Termination, and the Trustee may (at the direction of the Depositor)
      terminate the rights and obligations of the Servicer under this Agreement
      without payment (notwithstanding anything in this Agreement to the contrary)
      of
      any compensation to the Servicer (other than the Servicer’s rights to
      reimbursement of unreimbursed  Advances and Servicing Advances and
      accrued and unpaid Servicing Fees in the manner provided in this Agreement);
      provided that to the extent that any provision of this Agreement expressly
      provides for the survival of certain rights or obligations following termination
      of the Servicer as servicer, such provision shall be given effect.

     

    The
      Servicer shall indemnify and hold harmless the Depositor and 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 that such Person
      may sustain based upon a breach of the Servicer's obligations under this Section
      3.20.

     

    
      	
              SECTION
                3.21  

            	
              Assessments
                of Compliance and Attestation
                Reports.

            

    

     

    The
      Servicer shall deliver to the Trustee 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 applicable Servicing
      Criteria (as set forth in Exhibit R) during the preceding calendar
      year.  The Assessment of Compliance must contain the
      following:

     

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

     

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

     

    (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.

     

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

     

    On
      or
      before March 15th of each
      calendar
      year beginning in 2008, the Servicer shall furnish to the Trustee a report
      (an
“Attestation Report”) by a registered public accounting firm that attests to,
      and reports on, the Assessment of Compliance made by the 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
      Servicer shall cause and any Sub-Servicer, and each subcontractor determined
      by
      the Servicer to be “participating in the servicing function” within the meaning
      of Item 1122 of Regulation AB, to deliver to the Trustee and the Depositor
      an
      Assessment of Compliance and Attestation Report as and when provided
      above.

     

    Such
      Assessment of Compliance, as to any Sub-Servicer, shall address each of the
      Servicing Criteria applicable to the Sub-Servicer.  Notwithstanding
      the foregoing, as to any subcontractor determined by the 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.

     

    If
      the
      Servicer cannot deliver any Assessment of Compliance or Attestation Report
      by
      March 15th of
      such year, the Depositor, may permit a cure period for the Servicer to deliver
      such Assessment of Compliance or Attestation Report, but in no event later
      than
      March 25th of
      such year.

     

    Any
      failure by the Servicer (or any Sub-Servicer or subcontractor determined by
      the
      Servicer to be “participating in the servicing function”) to deliver any
      information, report, certification or accountants’ letter when and as required
      under this Section 3.21, which information, report, certification or
      accountants’ letter is required as part of a Form 10-K with respect to the Trust
      Fund, including (except as provided below) any failure by the Servicer to
      identify any subcontractor “participating in the servicing function” within the
      meaning of Item 1122 of Regulation AB, shall constitute a Servicer Event of
      Termination, and the Trustee may (at the direction of the Depositor) terminate
      the rights and obligations of the Servicer under this Agreement without payment
      (notwithstanding anything in this Agreement to the contrary) of any compensation
      to the Servicer (other than the Servicer’s rights to reimbursement of
      unreimbursed Advances and Servicing Advances and accrued and unpaid Servicing
      Fees in the manner provided in this Agreement); provided that to the extent
      that
      any provision of this Agreement expressly provides for the survival of certain
      rights or obligations following termination of the Servicer as servicer, such
      provision shall be given effect.

     

    The
      Trustee shall also provide an Assessment of Compliance and Attestation Report,
      as and when provided above, which shall at a minimum address each of the
      Servicing Criteria specified on Exhibit R 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.

     

    Each
      of
      the Servicer and the Trustee shall indemnify and hold harmless the Depositor
      and
      the Trustee, as applicable and its 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 that such Person may sustain based upon a breach of the Servicer’s or
      the Trustee’s obligations, as applicable, under this Section 3.21.

     

    
      	
              SECTION
                3.22  

            	
              Access
                to Certain Documentation; Filing of Reports by
                Trustee.

            

    

     

    The
      Servicer shall provide to the Office of Thrift Supervision, the FDIC, and any
      other federal or state banking or insurance regulatory authority that may
      exercise authority over any Certificateholder, access to the documentation
      regarding the Mortgage Loans required by applicable laws and regulations. Such
      access shall be afforded without charge, but only upon reasonable request and
      during normal business hours at the offices of the Servicer designated by it.
      In
      addition, access to the documentation regarding the Mortgage Loans will be
      provided to the Trustee, the NIMS Insurer and to any Person identified to the
      Servicer as a prospective transferee of a Certificate, upon reasonable request
      during normal business hours at the offices of the Servicer designated by it,
      at
      the expense of the Person requesting such access.

     

    
      	
              SECTION
                3.23  

            	
              Title,
                Management and Disposition of REO
                Property.

            

    

     

    (a)  The
      deed
      or certificate of sale of any REO Property shall, subject to applicable laws,
      be
      taken in the name of the Trustee, or its nominee, in trust for the benefit
      of
      the Certificateholders. The Servicer, on behalf of REMIC 1, shall sell any
      REO
      Property as soon as practicable and in any event no later than the end of the
      third full taxable year after the taxable year in which such REMIC acquires
      ownership of such REO Property for purposes of Section 860G(a)(8) of the Code
      or
      request from the Internal Revenue Service, no later than 60 days before the
      day
      on which the three-year grace period would otherwise expire, an extension of
      such three-year period, unless the Servicer shall have delivered to the Trustee
      and the NIMS Insurer an Opinion of Counsel acceptable to the NIMS Insurer and
      addressed to the Trustee, the NIMS Insurer and the Depositor, to the effect
      that
      the holding by the REMIC of such REO Property subsequent to three years after
      its acquisition will not result in the imposition on the REMIC of taxes on
      “prohibited transactions” thereof, as defined in Section 860F of the Code, or
      cause any of the REMICs created hereunder to fail to qualify as a REMIC under
      Federal law at any time that any Certificates are outstanding. The 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) of the Code or
      result in the receipt by any of the REMICs created hereunder 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.

     

    (b)  The
      Servicer shall separately account for all funds collected and received in
      connection with the operation of any REO Property and shall establish and
      maintain, or cause to be established and maintained, with respect to REO
      Properties an account held in trust for the Trustee for the benefit of the
      Certificateholders (the “REO Account”), which shall be an Eligible Account. The
      Servicer shall be permitted to allow the Collection Account to serve as the
      REO
      Account, subject to separate ledgers for each REO Property. The Servicer shall
      be entitled to retain or withdraw any interest income paid on funds deposited
      in
      the REO Account.

     

    (c)  The
      Servicer shall have full power and authority, subject only to the specific
      requirements and prohibitions of this Agreement, to do any and all things in
      connection with any REO Property as are consistent with the manner in which
      the
      Servicer manages and operates similar property owned by the Servicer or any
      of
      its Affiliates, all on such terms and for such period (subject to the
      requirement of prompt disposition set forth in Section 3.23(a)) as the Servicer
      deems to be in the best interests of Certificateholders. In connection
      therewith, the Servicer shall deposit, or cause to be deposited in the REO
      Account, in no event more than two Business Days after the Servicer’s receipt
      thereof, all revenues received by it with respect to an REO Property and shall
      withdraw therefrom funds necessary for the proper operation, management and
      maintenance of such REO Property including, without limitation:

     

    (i)  all
      insurance premiums due and payable in respect of such REO Property;

     

    (ii)  all
      real
      estate taxes and assessments in respect of such REO Property that may result
      in
      the imposition of a lien thereon; and

     

    (iii)  all
      costs
      and expenses necessary to maintain, operate and dispose of such REO
      Property.

     

    To
      the
      extent that amounts on deposit in the REO Account with respect to an REO
      Property are insufficient for the purposes set forth in clauses (i) through
      (iii) above with respect to such REO Property, the Servicer shall advance from
      its own funds such amount as is necessary for such purposes if, but only if,
      the
      Servicer would make such advances if the Servicer owned the REO Property and
      if
      in the Servicer’s judgment, the payment of such amounts will be recoverable from
      the rental or sale of the REO Property.

     

    Notwithstanding
      the foregoing, neither the Servicer nor the Trustee shall:

     

    (A)  authorize
      the Trust Fund to enter into, renew or extend any New Lease with respect to
      any
      REO Property, if the New Lease by its terms will give rise to any income that
      does not constitute Rents from Real Property;

     

    (B)  authorize
      any amount to be received or accrued under any New Lease other than amounts
      that
      will constitute Rents from Real Property;

     

    (C)  authorize
      any construction on any REO Property, other than the completion of a building
      or
      other improvement thereon, and then only if more than ten percent of the
      construction of such building or other improvement was completed before default
      on the related Mortgage Loan became imminent, all within the meaning of Section
      856(e)(4)(B) of the Code; or

     

    (D)  authorize
      any Person to Directly Operate any REO Property on any date more than 90 days
      after its date of acquisition by the Trust Fund;

     

    unless,
      in any such case, the Servicer has obtained an Opinion of Counsel, provided
      to
      the Trustee and the NIMS Insurer, to the effect that such action will not cause
      such REO Property to fail to qualify as “foreclosure property” within the
      meaning of Section 860G(a)(8) of the Code at any time that it is held by the
      REMIC, in which case the Servicer may take such actions as are specified in
      such
      Opinion of Counsel.

     

    The
      Servicer may contract with any Independent Contractor for the operation and
      management of any REO Property, provided that:

     

    (iv)  the
      terms
      and conditions of any such contract shall not be inconsistent
      herewith;

     

    (v)  any
      such
      contract shall require, or shall be administered to require, that the
      Independent Contractor pay all costs and expenses incurred in connection with
      the operation and management of such REO Property, including those listed above
      and remit all related revenues (net of such costs and expenses) to the Servicer
      as soon as practicable, but in no event later than thirty days following the
      receipt thereof by such Independent Contractor;

     

    (vi)  none
      of
      the provisions of this Section 3.23(c) relating to any such contract or to
      actions taken through any such Independent Contractor shall be deemed to relieve
      the Servicer of any of its duties and obligations to the Trustee on behalf
      of
      the Certificateholders with respect to the operation and management of any
      such
      REO Property; and

     

    (vii)  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.

     

    The
      Servicer shall be entitled to enter into any agreement with any Independent
      Contractor performing services for it related to its duties and obligations
      hereunder for indemnification of the Servicer by such Independent Contractor,
      and nothing in this Agreement shall be deemed to limit or modify such
      indemnification.  The Servicer shall be solely liable for all fees
      owed by it to any such Independent Contractor, irrespective of whether the
      Servicer’s compensation pursuant to Section 3.18 is sufficient to pay such fees;
      provided, however, that to the extent that any payments made by such Independent
      Contractor would constitute Servicing Advances if made by the Servicer, such
      amounts shall be reimbursable as Servicing Advances made by the
      Servicer.

     

    (d)  In
      addition to the withdrawals permitted under Section 3.23(c), the Servicer may
      from time to time make withdrawals from the REO Account for any REO Property:
      (i) to pay itself or any Sub-Servicer unpaid Servicing Fees in respect of the
      related Mortgage Loan; and (ii) to reimburse itself or any Sub-Servicer for
      unreimbursed Servicing Advances and Advances made in respect of such REO
      Property or the related Mortgage Loan. On the Servicer Remittance Date, the
      Servicer shall withdraw from each REO Account maintained by it and deposit
      into
      the Distribution Account in accordance with Section 3.10(d)(ii), for
      distribution on the related Distribution Date in accordance with Section 4.01,
      the income from the related REO Property received during the prior calendar
      month, net of any withdrawals made pursuant to Section 3.23(c) or this Section
      3.23(d).

     

    (e)  Subject
      to the time constraints set forth in Section 3.23(a), each REO Disposition
      shall
      be carried out by the Servicer in a manner, at such price and upon such terms
      and conditions as shall be normal and usual in the Servicing
      Standard.

     

    (f)  The
      proceeds from the REO Disposition, net of any amount required by law to be
      remitted to the Mortgagor under the related Mortgage Loan and net of any payment
      or reimbursement to the Servicer or any Sub-Servicer as provided above, shall
      be
      deposited in the Distribution Account in accordance with Section 3.10(d)(ii)
      on
      the Servicer Remittance Date in the month following the receipt thereof for
      distribution on the related Distribution Date in accordance with Section 4.01.
      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).

     

    (g)  The
      Servicer shall file information returns with respect to the receipt of mortgage
      interest received in a trade or business, reports of foreclosures and
      abandonments of any Mortgaged Property and cancellation of indebtedness income
      with respect to any Mortgaged Property as required by the Code. Such reports
      shall be in form and substance sufficient to meet the reporting requirements
      of
      the Code.

     

    
      	
              SECTION
                3.24  

            	
              Obligations
                of the Servicer in Respect of Prepayment Interest
                Shortfalls.

            

    

     

    Not
      later
      than 1:00 p.m. New York time on each Servicer Remittance Date, the Servicer
      shall remit to the Distribution Account an amount (“Compensating Interest”)
      equal to the lesser of (A) the aggregate of the Prepayment Interest Shortfalls
      for the related Distribution Date and (B) its aggregate Servicing Fee received
      in the related Due Period and any Prepayment Interest Excess for the related
      Distribution Date. The Servicer shall not have the right to reimbursement for
      any amounts remitted to the Trustee in respect of Compensating Interest. Such
      amounts so remitted shall be included in the Available Funds and distributed
      therewith on the next Distribution Date.  The Servicer shall not be
      obligated to pay Compensating Interest with respect to Relief Act Interest
      Shortfalls.

     

    
      	
              SECTION
                3.25  

            	
              [Reserved].

            

    

     

    
      	
              SECTION
                3.26  

            	
              Obligations
                of the Servicer in Respect of Mortgage Rates and Monthly
                Payments.

            

    

     

    In
      the
      event that a shortfall in any collection on or liability with respect to the
      Mortgage Loans in the aggregate results from or is attributable to adjustments
      to Mortgage Rates, Monthly Payments or Stated Principal Balances that were
      made
      by the Servicer in a manner not consistent with the terms of the related
      Mortgage Note and this Agreement, the Servicer, upon discovery or receipt of
      notice thereof, immediately shall deposit in the Collection Account from its
      own
      funds the amount of any such shortfall and shall indemnify and hold harmless
      the
      Trust Fund, the Trustee, the Depositor and any successor servicer in respect
      of
      any such liability. Such indemnities shall survive the termination or discharge
      of this Agreement. Notwithstanding the foregoing, this Section 3.26 shall not
      limit the ability of the Servicer to seek recovery of any such amounts from
      the
      related Mortgagor under the terms of the related Mortgage Note, as permitted
      by
      law.

     

    
      	
              SECTION
                3.27  

            	
              Solicitations.

            

    

     

    From
      and
      after the Closing Date, the Servicer agrees that it will not take any action
      or
      permit or cause any action to be taken by any of its agents and Affiliates,
      or
      by any independent contractors or independent mortgage brokerage companies
      on
      the Servicer's behalf, to personally, by telephone, mail or electronic mail,
      solicit the Mortgagor under any Mortgage Loan for the purpose of refinancing
      such Mortgage Loan; provided, that the Servicer may solicit any Mortgagor
      for whom the Servicer has received a request for verification of mortgage,
      a
      request for demand for payoff, a mortgagor initiated written or verbal
      communication indicating a desire to prepay the related Mortgage Loan, another
      mortgage company has pulled a credit report on the mortgagor or the mortgagor
      initiates a title search; provided further, it is understood and agreed that
      promotions undertaken by the Servicer or any of its Affiliates which (i) concern
      optional insurance products or other additional products or (ii) are directed
      to
      the general public at large, including, without limitation, mass mailings based
      on commercially acquired mailing lists, newspaper, radio and television
      advertisements shall not constitute solicitation under this Section, nor is
      the
      Servicer prohibited from responding to unsolicited requests or inquiries made
      by
      a Mortgagor or an agent of a Mortgagor.  Furthermore, the Servicer
      shall be permitted to include in its monthly statements to borrowers or
      otherwise, statements regarding the availability of the Servicer’s counseling
      services with respect to refinancing mortgage loans.

     

    Notwithstanding
      the foregoing, with respect to any Fixed Rate Mortgage Loan, the Servicer may
      solicit the Mortgagor for the purpose of refinancing such Mortgage Loan,
      beginning 60 days prior to the later of (i) the expiration of the related
      Prepayment Charge term, if applicable and (ii) 24 months following origination
      of such Mortgage Loan and with respect to any Adjustable Rate Mortgage Loan,
      the
      Servicer may solicit the Mortgagor for the purpose of refinancing such Mortgage
      Loan, beginning 60 days prior to the later of (i) the expiration of the related
      Prepayment Charge term, if applicable and (ii) the expiration of any applicable
      fixed rate period.

     

    
      	
              SECTION
                3.28  

            	
              [Reserved].

            

    

     

    
      	
              SECTION
                3.29  

            	
              Advance
                Facility.

            

    

     

    The
      Servicer, with the consent of the NIMS Insurer, is hereby authorized to enter
      into a financing or other facility (any such arrangement, an “Advance Facility”)
      under which (1) the Servicer sells, assigns or pledges to another Person
      (together with such Person’s successors and assigns, an “Advancing Person”) the
      Servicer’s rights under this Agreement to be reimbursed for any Advances or
      Servicing Advances and/or (2) an Advancing Person agrees to fund some or all
      Advances and/or Servicing Advances required to be made by the Servicer pursuant
      to this Agreement.  No consent of the Depositor, the Trustee, the
      Certificateholders or any other party (other than the NIMS Insurer consent)
      shall be required before the Servicer may enter into an Advance
      Facility.  The Servicer shall notify the NIMS Insurer and each other
      party to this Agreement prior to or promptly after entering into or terminating
      any Advance Facility.  Notwithstanding the existence of any Advance
      Facility under which an Advancing Person agrees to fund Advances and/or
      Servicing Advances on the Servicer’s behalf, the Servicer shall remain obligated
      pursuant to this Agreement to make Advances and Servicing Advances pursuant
      to
      and as required by this Agreement.  If the Servicer enters into an
      Advance Facility, and for so long as an Advancing Person remains entitled to
      receive reimbursement for any Advances including Nonrecoverable Advances
      (“Advance Reimbursement Amounts”) and/or Servicing Advances including
      Nonrecoverable Advances (“Servicing Advance Reimbursement Amounts” and together
      with Advance Reimbursement Amounts, “Reimbursement Amounts”) (in each case to
      the extent such type of Reimbursement Amount is included in the Advance
      Facility), as applicable, pursuant to this Agreement, then the Servicer shall
      identify such Reimbursement Amounts consistent with the reimbursement rights
      set
      forth in Section 3.11(a)(ii), (iii), (vi) and (vii) and remit such Reimbursement
      Amounts in accordance with Section 3.10(b) or otherwise in accordance with
      the
      documentation establishing the Advance Facility to such Advancing Person or
      to a
      trustee, agent or custodian (an “Advance Facility Trustee”) designated by such
      Advancing Person.  Notwithstanding the foregoing, if so required
      pursuant to the terms of the Advance Facility, the Servicer may direct, and
      if
      so directed the Trustee is hereby authorized to and shall pay to the Advance
      Facility Trustee the Reimbursement Amounts identified pursuant to the preceding
      sentence.  Notwithstanding anything to the contrary herein, in no
      event shall Advance Reimbursement Amounts or Servicing Advance Reimbursement
      Amounts be included in the Available Funds or distributed to
      Certificateholders.

     

    If
      the
      terms of a facility proposed to be entered into with an Advancing Person by
      the
      Trust Fund would not materially and adversely affect the interests of any
      Certificateholder, then the NIMS Insurer shall not withhold its consent to
      the
      Trust Fund’s entering such facility.

     

    Reimbursement
      Amounts shall consist solely of amounts in respect of Advances and/or Servicing
      Advances made with respect to the Mortgage Loans for which the Servicer would
      be
      permitted to reimburse itself in accordance with this Agreement, assuming the
      Servicer or the Advancing Person had made the related Advance(s) and/or
      Servicing Advance(s).  Notwithstanding the foregoing, except with
      respect to reimbursement of Nonrecoverable Advances as set forth in this
      Agreement, no Person shall be entitled to reimbursement from funds held in
      the
      Collection Account for future distribution to Certificateholders pursuant to
      this Agreement.  None of the Depositor or the Trustee shall have any
      duty or liability with respect to the calculation of any Reimbursement Amount,
      nor shall the Depositor or the Trustee have any responsibility to track or
      monitor the administration of the Advance Facility or the payment of
      Reimbursement Amounts to the related Advancing Person or Advance Facility
      Trustee.  The Servicer shall maintain and provide to any successor
      servicer and (upon request) the Trustee a detailed accounting on a loan by
      loan
      basis as to amounts advanced by, sold, pledged or assigned to, and reimbursed
      to
      any Advancing Person.  The successor servicer shall be entitled to
      rely on any such information provided by the predecessor servicer, and the
      successor servicer shall not be liable for any errors in such
      information.  Any successor Servicer shall reimburse the predecessor
      Servicer and itself for outstanding Advances and Servicing Advances,
      respectively, with respect to each Mortgage Loan on a first in, first out
      (“FIFO”) basis; provided that the successor Servicer has received prior written
      notice from the predecessor Servicer or the Advancing Person of reimbursement
      amounts owed to the predecessor Servicer.  Liquidation Proceeds with
      respect to a Mortgage Loan shall be applied to reimburse Advances outstanding
      with respect to that Mortgage Loan before being applied to reimburse Servicing
      Advances outstanding with respect to that Mortgage Loan.

     

    An
      Advancing Person who receives an assignment or pledge of the rights to be
      reimbursed for Advances and/or Servicing Advances, and/or whose obligations
      hereunder are limited to the funding or purchase of Advances and/or Servicing
      Advances shall not be required to meet the criteria for qualification of a
      subservicer set forth in this Agreement.

     

    Upon
      the
      direction of and at the expense of the Servicer, the Trustee agrees to execute
      such acknowledgments provided by the Servicer recognizing the interests of
      any
      Advance Facility Trustee in such Reimbursement Amounts as the Servicer may
      cause
      to be made subject to Advance Facilities pursuant to this Section
      3.29.

     

    The
      Servicer shall remain entitled to be reimbursed for all Advances and Servicing
      Advances funded by the Servicer to the extent the related rights to be
      reimbursed therefor have not been sold, assigned or pledged to an Advancing
      Person.

     

    The
      Servicer shall indemnify the Depositor, the Trustee, the NIMS Insurer, any
      successor servicer and the Trust Fund for any loss, liability or damage
      resulting from any claim by the related Advancing Person, except to the extent
      that such claim, loss, liability or damage resulted from or arose out of
      negligence, recklessness or willful misconduct or breach of its duties hereunder
      on the part of the Depositor, the Trustee, the NIMS Insurer or any successor
      servicer.

     

    Any
      amendment to this Section 3.29 or to any other provision of this Agreement
      that
      may be necessary or appropriate to effect the terms of an Advance Facility
      as
      described generally in this Section 3.29, including amendments to add provisions
      relating to a successor servicer, may be entered into by the Trustee, the
      Depositor and the Servicer without the consent of any Certificateholder but
      with
      the consent of the NIMS Insurer, provided such amendment complies with Section
      11.01 hereof.  All reasonable costs and expenses (including attorneys’
fees) of each party hereto of any such amendment shall be borne solely by the
      Servicer.  Prior to entering into an Advance Facility, the Servicer
      shall notify the Advancing Person in writing that:  (a) the Advances
      and/or Servicing Advances purchased, financed by and/or pledged to the Advancing
      Person are obligations owed to the Servicer on a non-recourse basis payable
      only
      from the cash flows and proceeds received under this Agreement for reimbursement
      of Advances and/or Servicing Advances only to the extent provided herein, and
      the Trustee and the Trust are not otherwise obligated or liable to repay any
      Advances and/or Servicing Advances financed by the Advancing Person and (b)
      the
      Trustee shall not have any responsibility to track or monitor the administration
      of the Advance Facility between the Servicer and the Advancing
      Person.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      IV 

     

    FLOW
      OF
      FUNDS

     

    
      	
              SECTION
                4.01  

            	
              Distributions.

            

    

     

    (a)  (I)  
On
      each Distribution
      Date, the Trustee shall withdraw that portion of Available Funds for such
      Distribution Date consisting of the Group I Interest Remittance Amount 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 Group
      I
      Interest Remittance Amount remaining for such Distribution Date:

     

    (i)  to
      the
      Holders of the Class I-A-1 Certificates, the Monthly Interest Distributable
      Amount and the Unpaid Interest Shortfall Amount, if any, for such Class;
      and

     

    (ii)  concurrently,
      to the Holders of the Group II Certificates, on a pro rata basis based
      on the entitlement of each such Class, an amount equal to the excess, if any,
      of
      (x) the amount required to be distributed pursuant to Section 4.01(a)(II)(i)
      below for such Distribution Date over (y) the amount actually distributed
      pursuant to such clause from the Group II Interest Remittance
      Amount.

     

    (II)           On
      each Distribution Date the Trustee shall withdraw from the Distribution Account
      that portion of Available Funds for such Distribution Date consisting of the
      Group II Interest Remittance Amount 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 Group II Interest Remittance Amount remaining
      for such Distribution Date.

     

    (iii)  concurrently,
      to the Holders of the Group II Certificates, on a pro rata basis based
      on the entitlement of each such Class, the Monthly Interest Distributable Amount
      and the Unpaid Interest Shortfall Amount, if any, for each such Class;
      and

     

    (iv)  to
      the
      Holders of the Class I-A-1 Certificates, an amount equal to the excess, if
      any,
      of (x) the amount required to be distributed pursuant to Section 4.01(a)(I)(i)
      above for such Distribution Date over (y) the amount actually distributed
      pursuant to such clause from the Group I Interest Remittance
      Amount.

     

    (III)           On
      each Distribution Date, distributions to the extent of the sum of the Group
      I
      Interest Remittance Amount and the Group II Interest Remittance Amount remaining
      undistributed for such Distribution Date shall be distributed sequentially,
      to
      the Holders of the Class M-1 Certificates, the Class M-2 Certificates, the
      Class
      M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the
      Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates,
      the Class M-9 Certificates and the Class M-10 Certificates, in that order,
      in an
      amount equal to the Monthly Interest Distributable Amount for each such
      Class.

     

    (b)  (I)           On
      each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger
      Event is in effect, distributions in respect of principal to the extent of
      the
      Group I Principal Distribution Amount shall be made in the following amounts
      and
      order of priority:

     

    (i)  to
      the
      Holders of the Class I-A-1 Certificates, until the Certificate Principal Balance
      thereof has been reduced to zero; and

     

    (ii)  after
      taking into account the amount distributed to the Holders of the Group II
      Certificates pursuant to Section 4.01(b)(II)(i) below on such Distribution
      Date,
      to the Holders of the Group II Certificates (allocated among the Group II
      Certificates in the priority described below), until the Certificate Principal
      Balances thereof have been reduced to zero.

     

    (II)           On
      each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger
      Event is in effect, distributions in respect of principal to the extent of
      the
      Group II Principal Distribution Amount shall be made in the following amounts
      and order of priority:

     

    (iii)  to
      the
      Holders of the Group II Certificates (allocated among Group II Certificates
      in
      the priority described below), until the Certificate Principal Balances thereof
      have been reduced to zero; and

     

    (iv)  after
      taking into account the amount distributed to the Holders of the Class I-A-1
      Certificates pursuant to Section 4.01(b)(I)(i) above on such Distribution Date,
      to the Holders of the Class I-A-1 Certificates, until the Certificate Principal
      Balance thereof has been reduced to zero.

     

    (III)           On
      each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger
      Event is in effect, distributions in respect of principal to the extent of
      the
      sum of the Group I Principal Distribution Amount and the Group II Principal
      Distribution Amount remaining undistributed for such Distribution Date shall
      be
      distributed sequentially, to the Holders of the Class M-1 Certificates, the
      Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates,
      the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7
      Certificates, the Class M-8 Certificates, the Class M-9 Certificates and the
      Class M-10 Certificates, in that order, in each case, until the Certificate
      Principal Balance thereof has been reduced to zero.

     

    (IV)           On
      each Distribution Date (a) on or after the Stepdown Date and (b) on which a
      Trigger Event is not in effect, distributions in respect of principal to the
      extent of the Group I Principal Distribution Amount shall be made in the
      following amounts and order of priority:

     

    (v)  to
      the
      Holders of the Class I-A-1 Certificates, the Group I Senior Principal
      Distribution Amount until the Certificate Principal Balance thereof has been
      reduced to zero; and

     

    (vi)  to
      the
      Holders of the Group II Certificates (allocated among Group II Certificates
      in
      the priority described below), an amount equal to the excess, if any, of (x)
      the
      amount required to be distributed pursuant to Section 4.01(c)(V)(i) below for
      such Distribution Date over (y) the amount actually distributed pursuant to
      Section 4.01(c)(V)(i) below from the Group II Principal Distribution Amount
      on
      such Distribution Date.

     

    (V)           On
      each Distribution Date (a) on or after the Stepdown Date and (b) on which a
      Trigger Event is not in effect, distributions in respect of principal to the
      extent of the Group II Principal Distribution Amount shall be made in the
      following amounts and order of priority:

     

    (vii)  to
      the
      Holders of the Group II Certificates (allocated among Group II Certificates
      in
      the priority described below), the Group II Senior Principal Distribution Amount
      until the Certificate Principal Balances thereof have been reduced to zero;
      and

     

    (viii)  to
      the
      Holders of the Class I-A-1 Certificates, an amount equal to the excess, if
      any,
      of (x) the amount required to be distributed pursuant to Section 4.01(c)(IV)(i)
      above for such Distribution Date over (y) the amount actually distributed
      pursuant to Section 4.01(c)(IV)(i) above from the Group I Principal Distribution
      Amount on such Distribution Date.

     

    (VI)           On
      each Distribution Date (a) on or after the Stepdown Date and (b) on which a
      Trigger Event is not in effect, distributions in respect of principal to the
      extent of the sum of the Group I Principal Distribution Amount and the Group
      II
      Principal Distribution Amount remaining undistributed for such Distribution
      Date
      shall be made in the following amounts and order of priority:

     

    (ix)  to
      the
      Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution
      Amount until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (x)  to
      the
      Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution
      Amount until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (xi)  to
      the
      Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution
      Amount until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (xii)  to
      the
      Holders of the Class M-4 Certificates, the Class M-4 Principal Distribution
      Amount until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (xiii)  to
      the
      Holders of the Class M-5 Certificates, the Class M-5 Principal Distribution
      Amount until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (xiv)  to
      the
      Holders of the Class M-6 Certificates, the Class M-6 Principal Distribution
      Amount until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (xv)  to
      the
      Holders of the Class M-7 Certificates, the Class M-7 Principal Distribution
      Amount until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (xvi)  to
      the
      Holders of the Class M-8 Certificates, the Class M-8 Principal Distribution
      Amount until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (xvii)  to
      the
      Holders of the Class M-9 Certificates, the Class M-9 Principal Distribution
      Amount until the Certificate Principal Balance thereof has been reduced to
      zero;
      and

     

    (xviii)  to
      the
      Holders of the Class M-10 Certificates, the Class M-10 Principal Distribution
      Amount until the Certificate Principal Balance thereof has been reduced to
      zero.

     

    With
      respect to the Group II Certificates, all principal distributions will be
      distributed sequentially, first, to the Holders of the Class II-A-1
      Certificates, until the Certificate Principal Balance of the Class II-A-1
      Certificates has been reduced to zero; second, to the Holders of the Class
      II-A-2 Certificates, until the Certificate Principal Balance of the Class II-A-2
      Certificates has been reduced to zero; third, to the Holders of the Class II-A-3
      Certificates, until the Certificate Principal Balance of the Class II-A-3
      Certificates has been reduced to zero and fourth, to the Holders of the Class
      II-A-4 Certificates, until the Certificate Principal Balance of the Class II-A-4
      Certificates has been reduced to zero; provided, however, on any Distribution
      Date on which the aggregate Certificate Principal Balance of the Mezzanine
      Certificates and the Class C Certificates has been reduced to zero, all
      principal distributions will be distributed concurrently, to the Holders of
      the
      Class A Certificates, on a pro rata basis based on the Certificate
      Principal Balance of each such Class.

     

    (c)  On
      each
      Distribution Date, the Net Monthly Excess Cashflow shall be distributed as
      follows:

     

    (i)  to
      the
      Holders of the Class or Classes of Certificates then entitled to receive
      distributions in respect of principal, in an amount equal to any Extra Principal
      Distribution Amount, distributable to such Holders as part of the Group I
      Principal Distribution Amount and/or the Group II Principal Distribution Amount
      as described under Section 4.01(b) above;

     

    (ii)  sequentially,
      to the Holders of the Class M-1 Certificates, Class M-2 Certificates, Class
      M-3
      Certificates, Class M-4 Certificates, Class M-5 Certificates, Class M-6
      Certificates, Class M-7 Certificates, Class M-8 Certificates, Class M-9
      Certificates and Class M-10 Certificates, in that order, in each case, first,
      up
      to the Unpaid Interest Shortfall Amount for each such Class and second, up
      to
      the Allocated Realized Loss Amount, for each such Class;

     

    (iii)  to
      the
      Net WAC Rate Carryover Reserve Account, the amount of any Net WAC Rate Carryover
      Amounts, after taking into account amounts, if any, received under the Basis
      Risk Cap Agreement;

     

    (iv)  to
      the
      Supplemental Interest Trust Trustee for payment to the Swap Provider, any Swap
      Termination Payments resulting from a Swap Provider Trigger Event;

     

    (v)  to
      the
      Holders of the Class C Certificates, (a) the Monthly Interest Distributable
      Amount for such Distribution Date and any Overcollateralization Release Amount
      for such Distribution Date and (b) on any Distribution Date on which the
      Certificate Principal Balances of the Class A and Mezzanine Certificates have
      been reduced to zero, any remaining amounts in reduction of the Certificate
      Principal Balance of the Class C Certificates, until the Certificate Principal
      Balance thereof has been reduced to zero;

     

    (vi)  if
      such
      Distribution Date follows the Prepayment Period during which occurs the latest
      date on which a Prepayment Charge may be required to be paid in respect of
      any
      Mortgage Loans, to the Holders of the Class P Certificates, in reduction of
      the
      Certificate Principal Balance thereof, until the Certificate Principal Balance
      thereof is reduced to zero; and

     

    (vii)  any
      remaining amounts to the Holders of the Residual Certificates (in respect of
      the
      Class R-3 Interest).

     

    (d)  On
      each
      Distribution Date, after making the distributions of the Available Funds as
      set
      forth above, the Trustee shall withdraw from the Net WAC Rate Carryover Reserve
      Account, to the extent of amounts remaining on deposit therein, the aggregate
      of
      any Net WAC Rate Carryover Amounts for such Distribution Date and distribute
      such amount in the following order of priority:

     

    (i)  concurrently,
      to each Class of Class A Certificates, the related Basis Risk Cap Amount, from
      payments made under the Basis Risk Cap Agreement, in each case up to a maximum
      amount equal to the related Net WAC Rate Carryover Amount for such Distribution
      Date;

     

    (ii)  sequentially,
      the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3
      Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class
      M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates, the
      Class M-9 Certificates and the Class M-10 Certificates, in that order, the
      related Basis Risk Cap Amount, from payments made under the Basis Risk Cap
      Agreement, in each case up to a maximum amount equal to the related Net WAC
      Rate
      Carryover Amount for such Distribution Date;

     

    (iii)  concurrently,
      to each Class of Class A Certificates, the related Net WAC Rate Carryover Amount
      remaining undistributed pursuant to clause (i) above, on a pro rata
      basis based on such respective remaining Net WAC Rate Carryover Amounts;
      and

     

    (iv)  sequentially,
      to the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3
      Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class
      M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates, the
      Class M-9 Certificates and the Class M-10 Certificates, in that order, the
      related Net WAC Rate Carryover Amount remaining undistributed pursuant to clause
      (ii) above.

     

    (e)  In
      accordance with the first sentence of Section 4.10(b), on or before each
      Distribution Date, Net Swap Payments (whether payable to the Swap Provider
      or to
      the Supplemental Interest Trust Trustee), any Swap Termination Payment owed
      to
      the Swap Provider not resulting from a Swap Provider Trigger Event pursuant
      to
      the Interest Rate Swap Agreement and any Swap Termination Payments owed to
      the
      Supplemental Interest Trust Trustee will be deposited by the Supplemental
      Interest Trust Trustee into the Swap Account.  On each Distribution
      Date, the Trustee shall withdraw from amounts on deposit in the Swap Account
      (other than amounts representing Swap Termination Payments received by the
      Supplemental Interest Trust Trustee or Net Swap Payments received by the
      Supplemental Interest Trust Trustee) prior to any distribution to any
      Certificates and pay as follows:

     

    (i)  to
      the
      Swap Provider, any Net Swap Payment owed to the Swap Provider pursuant to the
      Interest Rate Swap Agreement for such Distribution Date;

     

    (ii)  to
      the
      Swap Provider, any Swap Termination Payment owed to the Swap Provider not due
      to
      a Swap Provider Trigger Event pursuant to the Interest Rate Swap Agreement
      and
      to the extent not paid by the Trustee (in its capacity as Supplemental Interest
      Trust Trustee) from any upfront payment received pursuant to any replacement
      interest rate swap agreement;

     

    (f)  On
      each
      Distribution Date, after making the distributions of the Available Funds, Net
      Monthly Excess Cashflow and amounts on deposit in the Net WAC Rate Carryover
      Reserve Account as set forth above, the Trustee shall distribute the amount
      on
      deposit in the Swap Account as follows:

     

    (i)  concurrently,
      to each Class of Class A Certificates, the related Monthly Interest
      Distributable Amount and Unpaid Interest Shortfall Amount remaining
      undistributed on such Distribution Date, on a pro rata basis based on
      such respective remaining Monthly Interest Distributable Amount and Unpaid
      Interest Shortfall Amount;

     

    (ii)  sequentially,
      to the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates,
      Class M-4 Certificates, Class M-5 Certificates, Class M-6 Certificates, Class
      M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates and Class
      M-10
      Certificates, in that order, the related Monthly Interest Distributable Amount
      and Unpaid Interest Shortfall Amount, to the extent remaining undistributed
      on
      such Distribution Date;

     

    (iii)  to
      the
      Holders of the Class or Classes of Certificates then entitled to receive
      distributions in respect of principal, in an amount equal to any Extra Principal
      Distribution Amount, distributable to such Holders as part of the Group I
      Principal Distribution Amount and/or the Group II Principal Distribution
      Amount;

     

    (iv)  sequentially
      to the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates,
      Class M-4 Certificates, Class M-5 Certificates, Class M-6 Certificates, Class
      M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates and Class
      M-10
      Certificates, in that order, in each case up to the related Allocated Realized
      Loss Amount related to such Certificates for such Distribution Date remaining
      undistributed on such Distribution Date;

     

    (v)  concurrently,
      to each Class of Class A Certificates, the related Net WAC Rate Carryover
      Amount, to the extent remaining undistributed on such Distribution Date, on
      a
pro rata basis based on such respective Net WAC Rate Carryover Amounts
      remaining;

     

    (vi)  sequentially,
      to the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates,
      Class M-4 Certificates, Class M-5 Certificates, Class M-6 Certificates, Class
      M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates and Class
      M-10
      Certificates, in that order, the related Net WAC Rate Carryover Amount, to
      the
      extent remaining undistributed on such Distribution Date; and

     

    (vii)  any
      remaining amounts to the Holders of the Class C Certificates.

     

    Notwithstanding
      any of the foregoing, the aggregate amount distributed under Section
      4.01(f)(iii) above on such Distribution Date, when added to the cumulative
      amount distributed under Section 4.01(f)(iii) above on all prior Distribution
      Dates, will not be permitted to exceed the cumulative amount of Realized Losses
      incurred on the Mortgage Loans since the Cut-off Date through the last day
      of
      the Prepayment Period (reduced by the aggregate amount of Subsequent Recoveries
      received since the Cut-off date through the last day of the Prepayment
      Period).  Any amounts that would otherwise be distributable from the
      Supplemental Interest Trust on any Distribution Date under Section 4.01(f)(iii)
      above, but for the foregoing proviso, will be retained in the Supplemental
      Interest Trust and will be included in amounts available for distribution from
      the Supplemental Interest Trust on the next succeeding Distribution Date,
      subject to the foregoing proviso in the case of amounts to be distributed under
      Section 4.01(f) (iii) above.

     

    (g)  On
      each
      Distribution Date, after making the distributions of the Available Funds, Net
      Monthly Excess Cashflow, amounts on deposit in the Net WAC Rate Carryover
      Reserve Account and amounts on deposit in the Swap Account as set forth above,
      the Trustee shall distribute the amount on deposit in the Cap Account as
      follows:

     

    (i)  concurrently,
      to each Class of Class A Certificates, the related Monthly Interest
      Distributable Amount and Unpaid Interest Shortfall Amount remaining
      undistributed, on a pro rata basis based on such respective remaining
      Monthly Interest Distributable Amount and Unpaid Interest Shortfall
      Amount;

     

    (ii)  sequentially,
      to the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates,
      Class M-4 Certificates, Class M-5 Certificates, Class M-6 Certificates, Class
      M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates and Class
      M-10
      Certificates, in that order, the related Monthly Interest Distributable Amount
      and Unpaid Interest Shortfall Amount, to the extent remaining
      undistributed;

     

    (iii)  to
      the
      Holders of the Class or Classes of Certificates then entitled to receive
      distributions in respect of principal, in an amount equal to any Extra Principal
      Distribution Amount, without taking into account amounts, if any, received
      under
      the Interest Rate Swap Agreement, distributable to such Holders as part of
      the
      Group I Principal Distribution Amount and/or the Group II Principal Distribution
      Amount;

     

    (iv)  sequentially
      to the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates,
      Class M-4 Certificates, Class M-5 Certificates, Class M-6 Certificates, Class
      M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates and Class
      M-10
      Certificates, in that order, in each case up to the related Allocated Realized
      Loss Amount related to such Certificates for such Distribution Date remaining
      undistributed;

     

    (v)  concurrently,
      to each Class of Class A Certificates, the related Net WAC Rate Carryover
      Amount, to the extent remaining undistributed after distributions are made
      from
      the Net WAC Rate Carryover Reserve Account, on a pro rata basis based
      on such respective Net WAC Rate Carryover Amounts remaining
      undistributed;

     

    (vi)  sequentially,
      to the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates,
      Class M-4 Certificates, Class M-5 Certificates, Class M-6 Certificates, Class
      M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates and Class
      M-10
      Certificates, in that order, the related Net WAC Rate Carryover Amount, to
      the
      extent remaining undistributed; and

     

    (vii)  any
      remaining amounts to the Seller or its designee, as set forth in the Cap
      Allocation Agreement.

     

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

     

    (i)  On
      each
      Distribution Date, all amounts in excess of the par value of the Mortgage Loans
      paid by the Originator in connection with a repurchase obligation received
      during the related Prepayment Period will be withdrawn from the Distribution
      Account and distributed by the Trustee to the Holders of the Class L
      Certificates and shall not be available for distribution to the Holders of
      any
      other Class of Certificates.

     

    (j)  The
      Trustee shall make distributions in respect of a Distribution Date to each
      Certificateholder of record on the related Record Date (other than as provided
      in Section 10.01 respecting the final distribution), in the case of
      Certificateholders of the Regular Certificates, by check or money order mailed
      to such Certificateholder at the address appearing in the Certificate Register,
      or by wire transfer. Distributions among Certificateholders shall be made in
      proportion to the Percentage Interests evidenced by the Certificates held by
      such Certificateholders.

     

    (k)  Each
      distribution with respect to a Book-Entry Certificate shall be paid to the
      Depository, which shall credit 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. All such credits and disbursements
      with respect to a Book-Entry Certificate are to be made by the Depository and
      the Depository Participants in accordance with the provisions of the
      Certificates. None of the Trustee, the Depositor or the Servicer shall have
      any
      responsibility therefor except as otherwise provided by applicable
      law.

     

    On
      each
      Distribution Date, following the foregoing distributions, an amount equal to
      the
      amount of Subsequent Recoveries deposited into the Collection Account pursuant
      to Section 3.10 shall be applied to increase the Certificate Principal Balance
      of the Class of Certificates with the Highest Priority up to the extent of
      such
      Realized Losses previously allocated to that Class of Certificates pursuant
      to
      Section 4.08.  An amount equal to the amount of any remaining
      Subsequent Recoveries shall be applied to increase the Certificate Principal
      Balance of the Class of Certificates with the next Highest Priority, up to
      the
      amount of such Realized Losses previously allocated to that Class of
      Certificates pursuant to Section 4.08.  Holders of such Certificates
      will not be entitled to any distribution in respect of interest on the amount
      of
      such increases for any Interest Accrual Period preceding the Distribution Date
      on which such increase occurs.  Any such increases shall be applied to
      the Certificate Principal Balance of each Certificate of such Class in
      accordance with its respective Percentage Interest.

     

    (l)  It
      is the
      intention of all of the parties hereto that the Class C Certificates receive
      all
      principal and interest received by the Trust on the Mortgage Loans that is
      not
      otherwise distributable to any other Class of Regular Certificates or REMIC
      Regular Interests and that the Residual Certificates are to receive no principal
      and interest. If the Trustee determines that the Residual Certificates are
      entitled to any distributions, the Trustee, prior to any such distribution
      to
      any Residual Certificate, shall notify the Depositor of such impending
      distribution but shall make such distribution in accordance with the terms
      of
      this Agreement until this Agreement is amended as specified in the following
      sentence.  Upon such notification, the Depositor will request an
      amendment to the Pooling and Servicing Agreement to revise such mistake in
      the
      distribution provisions. The Residual Certificate Holders, by acceptance of
      their Certificates, and the Servicer(s), hereby agree to any such amendment
      and
      no further consent shall be necessary, notwithstanding anything to the contrary
      in Section 11.01 of this Pooling and Servicing Agreement; provided, however,
      that such amendment shall otherwise comply with Section 11.01
      hereof.

     

    
      	
              SECTION
                4.02  

            	
              [Reserved].

            

    

     

    
      	
              SECTION
                4.03  

            	
              Statements.

            

    

     

    (a)  On
      each
      Distribution Date, based, as applicable, on information provided to it by the
      Servicer, the Trustee shall prepare and make available to each Holder of the
      Regular Certificates, the NIMS Insurer, the Servicer, the Swap Provider and
      the
      Rating Agencies, a statement as to the distributions made on such Distribution
      Date:

     

    (i)  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
      the amount of the distribution made to the Holders of the Class P Certificates
      allocable to Prepayment Charges and 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
      Net
      Monthly Excess Cashflow, the Overcollateralized Amount, the
      Overcollateralization Release Amount, the Overcollateralization Deficiency
      Amount and the Overcollateralization Target Amount and the Credit Enhancement
      Percentage as of such Distribution Date and the Excess Overcollateralized Amount
      for the Mortgage Pool for such Distribution Date;

     

    (iv)  the
      fees
      and expenses of the Trust Fund accrued and paid on such Distribution Date and
      to
      whom such fees and expenses were paid;

     

    (v)  the
      aggregate amount of Advances for the related Due Period (including the general
      purpose of such Advances);

     

    (vi)  the
      aggregate Principal Balance of the Mortgage Loans and any REO Properties as
      of
      the end of the related Due Period;

     

    (vii)  the
      number, aggregate Stated Principal Balance, weighted average remaining term
      to
      maturity and weighted average Mortgage Rate of the Mortgage Loans as of the
      related Determination Date;

     

    (viii)  the
      number and aggregate unpaid Stated Principal Balance of Mortgage Loans (not
      including a Liquidated Mortgage Loan as of the end of the Prepayment Period)
      that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or
      foreclosure and REO Properties) using the OTS Method (as described below) (1)
      30
      to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) as to which
      foreclosure proceedings have been commenced and Delinquent (1) 30 to 59 days,
      (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcy and Delinquent
      (1)
      30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the
      Close of Business on the last day of the calendar month preceding such
      Distribution Date and (D) REO Properties, as well as the aggregate principal
      balance of Mortgage Loans that were liquidated and the net proceeds resulting
      therefrom;

     

    (ix)  the
      total
      number and cumulative Stated Principal Balance of all REO Properties as of
      the
      Close of Business of the last day of the calendar month preceding the related
      Distribution Date;

     

    (x)  the
      aggregate amount of Principal Prepayments made during the related Prepayment
      Period, separately indicating Principal Prepayments in full and Principal
      Prepayments in part;

     

    (xi)  the
      Delinquency Percentage and the Realized Loss Percentage;

     

    (xii)  the
      aggregate amount of Realized Losses incurred during the related Prepayment
      Period which will include the cumulative amount of Realized Losses and the
      aggregate amount of Subsequent Recoveries received during the related Prepayment
      Period;

     

    (xiii)  the
      aggregate amount of extraordinary Trust Fund expenses withdrawn from the
      Collection Account or the Distribution Account for such Distribution
      Date;

     

    (xiv)  the
      Certificate Principal Balance of each Class of Floating Rate Certificates and
      the Class C Certificates, before and after giving effect to the distributions,
      and allocations of Realized Losses, made on such Distribution Date;

     

    (xv)  the
      Monthly Interest Distributable Amount in respect of each Class of Floating
      Rate
      Certificates and the Class C Certificates for such Distribution Date and the
      Unpaid Interest Shortfall Amount, if any, with respect to each Class of Floating
      Rate Certificates and the Class C Certificates for such Distribution
      Date;

     

    (xvi)  the
      aggregate amount of any Prepayment Interest Shortfalls for such Distribution
      Date, to the extent not covered by payments by the Servicer pursuant to Section
      3.24;

     

    (xvii)  the
      Net
      WAC Rate Carryover Amount for each Class of Floating Rate Certificates, if
      any,
      for such Distribution Date and the amount remaining unpaid after reimbursements
      therefor on such Distribution Date;

     

    (xviii)  whether
      the Stepdown Date or a Trigger Event has occurred;

     

    (xix)  the
      total
      cashflows received and the general sources thereof (including amounts received
      from the Supplemental Interest Trust Trustee under the Interest Rate Swap
      Agreement and from the Cap Trustee under the Interest Rate Cap Agreement and
      under the Basis Risk Cap Agreement);

     

    (xx)  the
      respective Pass-Through Rates applicable to each Class of Floating Rate
      Certificates and the Class C Certificates for such Distribution Date and the
      Pass-Through Rate applicable to each Class of Floating Rate Certificates for
      the
      immediately succeeding Distribution Date;

     

    (xxi)  payments,
      if any, made under the Basis Risk Cap Agreement and the Interest Rate Cap
      Agreement and the amount distributed to the Floating Rate Certificates from
      such
      payments;

     

    (xxii)  the
      amount of any Net Swap Payments or Swap Termination Payments paid to the Swap
      Provider; and

     

    (xxiii)  the
      applicable Record Date, Accrual Period and any other applicable determination
      dates for calculating distributions for such Distribution Date.

     

    The
      Trustee will make such statement (and, at its option, any additional files
      containing the same information in an alternative format) available each month
      to Certificateholders, the NIMS Insurer, the Swap Provider and the Rating
      Agencies via the Trustee’s internet website located at
      www.ctslink.com.  Assistance in using the website can be obtained by
      calling the Trustee’s customer service desk at
      1-866-846-4526.  Parties that are unable to use the above distribution
      option 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.  As a condition to access to the
      Trustee’s internet website, the Trustee may require registration and the
      acceptance of a disclaimer.  The Trustee will not be liable for the
      dissemination of information in accordance with this Agreement.  The
      Trustee shall also be entitled to rely on but shall not be responsible for
      the
      content or accuracy of any information provided by third parties for purposes
      of
      preparing the Distribution Date statement and may affix thereto any disclaimer
      it deems appropriate in its reasonable discretion (without suggesting liability
      on the part of any other party thereto).

     

    In
      the
      case of information furnished pursuant to subclauses (i) and (ii) above, the
      amounts shall be expressed in a separate section of the report as a dollar
      amount for each Class for each $1,000 original dollar amount as of the Cut-off
      Date.

     

    For
      all
      purposes of this Agreement, with respect to any Mortgage Loan, delinquencies
      shall be determined by the Trustee from information provided by the Servicer
      and
      reported by the Trustee based on the OTS methodology for determining
      delinquencies on mortgage loans similar to the Mortgage Loans. By way of
      example, a Mortgage Loan would be Delinquent with respect to a Monthly Payment
      due on a Due Date if such Monthly Payment is not made by the close of business
      on the Mortgage Loan’s next succeeding Due Date, and a Mortgage Loan would be
      more than 30-days Delinquent with respect to such Monthly Payment if such
      Monthly Payment were not made by the close of business on the Mortgage Loan’s
      second succeeding Due Date (the “OTS Method”).  The Servicer hereby
      represents and warrants to the Depositor that this delinquency recognition
      policy is not less restrictive than any delinquency recognition policy
      established by the primary safety and soundness regulator, if any, of the
      Servicer.

     

    (b)  Within
      a
      reasonable period of time after the end of each calendar year, the Trustee
      shall, upon written request, furnish to the NIMS Insurer and each Person who
      at
      any time during the calendar year was a Certificateholder of a Regular
      Certificate, if requested in writing by such Person, such information as is
      reasonably necessary to provide to such Person 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
      prepared and furnished by the Trustee to Certificateholders pursuant to any
      requirements of the Code as are in force from time to time.

     

    (c)  On
      each
      Distribution Date, the Trustee shall make available to the NIMS Insurer and
      the
      Residual Certificateholders a copy of the reports forwarded to the Regular
      Certificateholders in respect of such Distribution Date with such other
      information as the Trustee deems necessary or appropriate.

     

    (d)  Within
      a
      reasonable period of time after the end of each calendar year, the Trustee
      shall
      deliver to the NIMS Insurer, upon request, and each Person who at any time
      during the calendar year was a Residual Certificateholder, if requested in
      writing by such Person, such information as is reasonably necessary to provide
      to such Person 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 Residual Certificateholder. Such
      obligation of the Trustee shall be deemed to have been satisfied to the extent
      that substantially comparable information shall be prepared and furnished to
      Certificateholders by the Trustee pursuant to any requirements of the Code
      as
      from time to time in force.

     

    (e)  On
      each
      Distribution Date, the Trustee shall make available an updated electronic
      loan-level data tape to Bloomberg Financial Markets, Inc., Loan Performance
      and
      Intex Solutions in a format acceptable to each of Bloomberg Financial Markets,
      Inc., Loan Performance and Intex Solutions, and shall supply such electronic
      loan-level data tape to each Certificateholder who requests such
      information.

     

    
      	
              SECTION
                4.04  

            	
              Remittance
                Reports; Advances.

            

    

     

    (a)  By
      the
      third Business Day following each Determination Date, but in no event later
      than
      the earlier of (i) such date which would allow the indenture trustee to submit
      a
      claim to the NIMS Insurer under the Indenture so as to allow a timely payment
      by
      the NIMS Insurer under the insurance policy related to the notes insured by
      the
      NIMS Insurer and (ii) the 20th day of
      each month
      (or if such 20th day is
      not a
      Business Day, the preceding Business Day), the Servicer shall deliver to the
      Trustee and the NIMS Insurer, by telecopy or electronic mail (or by such other
      means as the Servicer and the Trustee may agree from time to time) a Remittance
      Report with respect to the related Distribution Date, which Remittance Reports
      the Trustee shall use in preparing the statement pursuant to Section
      4.03.  No later than the 20th day of each month, the Servicer shall
      deliver or cause to be delivered to the Trustee in addition to the information
      provided on the Remittance Report, such other information reasonably available
      to it with respect to the Mortgage Loans as the Trustee may reasonably require
      to perform the calculations necessary to (i) make the distributions contemplated
      by Section 4.01, (ii) to prepare the statements to Certificateholders
      contemplated by Section 4.03 and (iii) to prepare the Form 10-D contemplated
      by
      Section 4.05. The Trustee shall not be responsible to recompute, recalculate
      or
      verify any information provided to it by the Servicer.

     

    (b)  The
      amount of Advances to be made by the Servicer for any Distribution Date shall
      equal, subject to Section 4.04(d), the sum of (i) the aggregate amount of
      Monthly Payments (net of the related Servicing Fee), due during the related
      Due
      Period in respect of the Mortgage Loans, which Monthly Payments were delinquent
      on a contractual basis as of the Close of Business on the related Determination
      Date and (ii) with respect to each REO Property, which REO Property was acquired
      during or prior to the related Due Period and as to which REO Property an REO
      Disposition did not occur during the related Due Period, an amount equal to
      the
      excess, if any, of the REO Imputed Interest on such REO Property for the most
      recently ended calendar month, over the net income from such REO Property
      transferred to the Distribution Account pursuant to Section 3.23 for
      distribution on such Distribution Date. For purposes of the preceding sentence,
      the Monthly Payment on each Balloon Mortgage Loan with a delinquent Balloon
      Payment is equal to the assumed monthly payment that would have been due on
      the
      related Due Date based on the original principal amortization schedule for
      such
      Balloon Mortgage Loan.

     

    On
      or
      before 1:00 p.m. New York time on the Servicer Remittance Date, the Servicer
      shall remit in immediately available funds to the Trustee for deposit in the
      Distribution Account an amount equal to the aggregate amount of Advances, if
      any, to be made in respect of the Mortgage Loans and REO Properties for the
      related Distribution Date either (i) from its own funds or (ii) from the
      Collection Account, to the extent of funds held therein for future distribution
      (in which case it will cause to be made an appropriate entry in the records
      of
      Collection Account that amounts held for future distribution have been, as
      permitted by this Section 4.04, used by the Servicer in discharge of any such
      Advance) or (iii) in the form of any combination of (i) and (ii) aggregating
      the
      total amount of Advances to be made by the Servicer with respect to the Mortgage
      Loans and REO Properties. Any amounts held for future distribution used by
      the
      Servicer to make an Advance as permitted in the preceding sentence or withdrawn
      by the Servicer as permitted in Section 3.11(a)(ii) in reimbursement for
      Advances previously made shall be appropriately reflected in the Servicer’s
      records and replaced by the Servicer by deposit in the Collection Account on
      or
      before any future Servicer Remittance Date to the extent that the Available
      Funds for the related Distribution Date (determined without regard to Advances
      to be made on the Servicer Remittance Date) shall be less than the total amount
      that would be distributed to the Classes of Certificateholders pursuant to
      Section 4.01 on such Distribution Date if such amounts held for future
      distributions had not been so used to make Advances. The Trustee will provide
      notice to the NIMS Insurer and the Servicer by telecopy by the Close of Business
      on any Servicer Remittance Date in the event that the amount remitted by the
      Servicer to the Trustee on such date is less than the Advances required to
      be
      made by the Servicer for the related Distribution Date, as set forth in the
      related Remittance Report.

     

    (c)  The
      obligation of the Servicer to make such Advances is mandatory, notwithstanding
      any other provision of this Agreement but subject to (d) below, and, with
      respect to any Mortgage Loan, shall continue until the Mortgage Loan is paid
      in
      full or until all Liquidation Proceeds thereon have been recovered, or a Final
      Recovery Determination has been made thereon.

     

    (d)  Notwithstanding
      anything herein to the contrary, no Advance or Servicing Advance shall be
      required to be made hereunder by the Servicer if such Advance or Servicing
      Advance would, if made, constitute a Nonrecoverable Advance. The determination
      by the Servicer that it has made a Nonrecoverable Advance or that any proposed
      Advance or Servicing Advance, if made, would constitute a Nonrecoverable
      Advance, shall be evidenced by an Officers’ Certificate of the Servicer
      delivered to the NIMS Insurer, the Depositor and the Trustee.

     

    
      	
              SECTION
                4.05  

            	
              Commission
                Reporting.

            

    

     

    The
      Trustee and the Servicer shall reasonably cooperate with the Depositor in
      connection with the Trust’s satisfying the reporting requirements under the
      Exchange Act.

     

    (a)  Reports
      Filed on Form 10-D

     

    (i)  Within
      15
      days after each Distribution Date (subject to permitted extensions under the
      Exchange Act), 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 monthly statement for such Distribution Date. Any disclosure in addition
      to the monthly statement for such Distribution Date that is required to be
      included on Form 10-D (“Additional Form 10-D Disclosure”) shall be reported by
      the responsible parties set forth on Exhibit S to the Trustee and Depositor
      and
      directed and approved by 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.

     

    (ii)  As
      set
      forth on Exhibit S hereto, within 5 calendar days after the related Distribution
      Date, (i) the parties to this transaction shall be required to 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, together with an Additional Disclosure
      Notification (an “Additional Disclosure Notification”) and (ii) 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 Depositor
      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
      in
      Form 10-D pursuant to this paragraph.

     

    (iii)  After
      preparing the Form 10-D, the Trustee shall, no later than 10 calendar days
      after
      the Distribution Date, forward electronically a copy of the Form 10-D to the
      Depositor. Within two Business Days after receipt of such copy, but no later
      than the 12th calendar day after the Distribution Date (or the next succeeding
      Business Day), (i) the Depositor shall notify the Trustee in writing of any
      changes to or approval of such Form 10-D and (ii) an officer of the Depositor
      shall execute the Form 10-D and return an electronic or fax copy of such
      executed Form 10-D (with an original executed hard copy to follow by overnight
      mail). Upon receipt of the executed Form 10- D and in the absence of receipt
      of
      any written changes or approval, the Trustee shall be entitled to assume that
      such Form 10-D is in final form and the Trustee may proceed with the filing
      of
      Form 10-D. 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 (d)(ii) of this Section 4.05. Promptly (but no later than 1 Business
      Day) after filing with the SEC, 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 Depositor and the
      Trustee of their respective duties under this Section 4.05(a) related to the
      timely preparation, execution 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 4.05(a). 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 receive, on a timely basis, any
      information from any other party hereto needed to prepare, arrange for execution
      or file such Form 10-D, and for any erroneous, inaccurate or incomplete
      information or certification provided to the Trustee, not resulting from its
      own
      negligence, bad faith or willful misconduct.

     

    (iv)  Form
      10-D
      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.” At the date of the filing of each
      report on Form 10-D with respect to the Trust Fund, the Depositor shall be
      deemed to represent to the Trustee that, as of such date, the Depositor has
      filed all such required reports during the preceding 12 months and that it
      has
      been subject to such filing requirement 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 if the answer to the questions should be “no.” The Trustee shall be
      entitled to rely on such representations in preparing and/or filing any such
      report.

     

    (b)  Reports
      Filed on Form 10-K.

     

    (i)  On
      or
      prior to the 90th day after the end of each fiscal year of the Trust Fund in
      which a Form 10-K is required to be filed 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, (i) an annual compliance statement for the Servicer, (ii)(A)
      the
      annual reports on assessment of compliance with servicing criteria for any
      Sub-Servicer and each subcontractor determined by the Servicer to be
“participating in the servicing function” within the meaning of Item 1122 of
      Regulation AB, engaged by such parties (with each of the Trustee and the
      Custodian, a “Reporting Servicer”) as described under Section 3.21 and (B) if
      any Reporting Servicer’s report on assessment of compliance with servicing
      criteria described under Section 3.21 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 3.21 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, (iii)(A) the registered public accounting firm attestation
      report for each Reporting Servicer, as described under Section 3.21 and (B)
      if
      any registered public accounting firm attestation report described under Section
      3.21 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 (iv) a Sarbanes-Oxley Certification; provided,
however, that the Trustee and the Depositor, at their discretion,
      may
      omit from the Form 10-K any annual compliance statement, assessment of
      compliance or attestation report that is not required to be filed with such
      Form
      10-K pursuant to Regulation AB. Any disclosure or information in addition to
      (i)
      through (iv) above that is required to be included on Form 10-K (“Additional
      Form 10-K Disclosure”) shall be reported by the party responsible to the
      Depositor and Trustee and directed and approved by 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 S hereto, no later than March 15th of each year that the Trust
      Fund is subject to the Exchange Act reporting requirements, commencing in 2008,
      (i) the parties to this transaction shall be required to 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, together with an Additional Disclosure Notification and (ii)
      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
      Depositor 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 in Form 10-K pursuant to this paragraph.

     

    (iii)  After
      preparing the Form 10-K, the Trustee shall forward electronically a copy of
      the
      Form 10-K to the Depositor. Within three Business Days after receipt of such
      copy, but no later than March 25th, (i) the Depositor
      shall
      notify the Trustee in writing of any changes to or approval of such Form 10-K
      and (ii) the senior officer in charge of securitization of the Depositor shall
      execute the Form 10-K and return an electronic or fax copy of such executed
      Form
      10-K (with an original executed hard copy to follow by overnight mail). Upon
      receipt of the executed Form 10-K and in the absence of receipt of any written
      changes or approval, the Trustee shall be entitled to assume that such Form
      10-K
      is in final form and the Trustee may proceed with the filing of the Form 10-K.
      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
      (d)(ii) of this Section 4.05. Promptly (but no later than 1 Business Day) after
      filing with the SEC, 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 Depositor and the Trustee
      of
      its duties under this Section 4.05(b) related to the timely preparation,
      execution and filing of Form 10-K is contingent upon such parties (and any
      Sub-Servicer and each subcontractor determined by the Servicer to be
“participating in the servicing function” within the meaning of Item 1122 of
      Regulation AB) strictly observing all applicable deadlines in the performance
      of
      their duties under this Section 4.05(b), Section 3.20, Section 3.21. Neither
      the
      Servicer nor the Trustee shall have any liability for any loss, expense, damage
      or claim arising out of or with respect to any failure to properly prepare,
      execute and/or timely file such Form 10-K, where such failure results from
      the
      Trustee’s inability or failure to receive, on a timely basis, any information
      from any other party hereto needed to prepare, arrange for execution or file
      such Form 10-K, and for any erroneous, inaccurate or incomplete information
      or
      certification provided to the Trustee, not resulting from its own negligence,
      bad faith or willful misconduct.

     

    (iv)  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 hereby represents to
      the Trustee that the Depositor has filed all such required reports during the
      preceding 12 months and that it has been subject to such filing requirement
      for
      the past 90 days. The Depositor shall notify the Trustee in writing, no later
      than March 15th with respect to the filing of a report on Form 10-K, if the
      answer to the questions should be “no.” The Trustee shall be entitled to rely on
      such representations in preparing and/or filing any such report.

     

    (v)  Each
      Form
      10-K shall include a Sarbanes-Oxley Certification, required to be included
      therewith pursuant to the Sarbanes-Oxley Act. The Trustee and the Servicer
      shall
      provide, and each such party shall cause any Sub-Servicer and each subcontractor
      determined by the Servicer to be “participating in the servicing function”
within the meaning of Item 1122 of Regulation AB engaged by it to provide,
      to
      the Person who signs the Sarbanes-Oxley Certification (the “Certifying Person”),
      by March 15th of each year in which the Trust Fund is subject to the reporting
      requirements of the Exchange Act and otherwise within a reasonable period of
      time upon request, a certification (each, a “Back-Up Certification”) in the form
      of Exhibit N-3 hereto (or, in the case of the Trustee, the form attached hereto
      as Exhibit N-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 in charge of securitization of the
      Depositor shall serve as the Certifying Person on behalf of the Trust Fund.
      In
      the event any such party or any Sub-Servicer and each subcontractor determined
      by the Servicer to be “participating in the servicing function” within the
      meaning of Item 1122 of Regulation AB engaged by such party is terminated or
      resigns pursuant to the terms of this Agreement, or any applicable subservicing
      agreement, as the case may be, such party shall provide a Back-Up Certification
      to the Certifying Person pursuant to this Section with respect to the period
      of
      time it was subject to this Agreement or any applicable subservicing agreement,
      as the case may be.

     

    (c)  Reports
      Filed on Form 8-K

     

    (i)  Within
      four (4) Business Days after the occurrence of an event requiring disclosure
      on
      Form 8-K (each such event, a “Reportable Event”), and if requested by the
      Depositor, the Trustee shall prepare and file on behalf of the Trust Fund a
      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 in Form 8-K (“Form 8-K Disclosure Information”) shall be
      reported by the responsible parties to the Depositor and Trustee and directed
      and approved by 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.

     

    (ii)  As
      set
      forth on Exhibit S hereto, for so long as the Trust Fund is subject to the
      Exchange Act reporting requirements, no later than noon New York time on the
      2nd
      Business Day after the occurrence of a Reportable Event (i) the parties to
      this
      transaction shall be required to provide to the Trustee and the Depositor,
      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, together with an Additional Disclosure Notification and (ii)
      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 Seller 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 in
      Form
      8-K pursuant to this paragraph.

     

    (iii)  After
      preparing the Form 8-K, the Trustee shall forward electronically a copy of
      the
      Form 8-K to the Depositor by noon New York City time on the 3rd Business Day
      after the occurrence of a Reportable Event. Promptly, but no later than the
      close of business on the third Business Day after the Reportable Event, (i)
      the
      Depositor shall notify the Trustee in writing of any change to or approval
      of
      such Form 8-K and (ii) an officer of the Depositor shall execute the Form 8-K
      and return an electronic or fax copy of such executed Form 8-K (with an original
      executed hard copy to follow by overnight mail). Upon receipt of the executed
      Form 8-K and in the absence of receipt of any written changes or approval,
      the
      Trustee shall be entitled to assume that such Form 8-K is in final form and
      the
      Trustee may proceed with filing of the Form 8-K. 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 (d)(ii) of this Section 4.05.
      Promptly (but no later than 1 Business Day) after filing with the SEC, the
      Trustee will, make available on its internet website a final executed copy
      of
      each Form 8-K filed by the Trustee. The parties to this Agreement acknowledge
      that the performance by the Depositor and the Trustee of their respective duties
      under this Section 4.05(c) related to the timely preparation, execution 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
      4.05(c). The Trustee shall have no liability for any loss, expense, damage,
      claim arising out of or with respect to any failure to properly prepare, execute
      and/or timely file such Form 8-K, where such failure results from the Trustee’s
      inability or failure to 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.

     

    (d)  Suspension
      of Reporting; Amendments; Late Filings

     

    (i)  On
      or
      prior to January 30 of the first year in which the Trust Fund is able to do
      so
      under applicable law, the Trustee shall prepare and file a Form 15 Suspension
      Notification relating to the automatic suspension of reporting in respect of
      the
      Trust Fund under the Exchange Act.

     

    (ii)  In
      the
      event that the Trustee is unable to timely file with the SEC 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 either via
      mail, e-mail or telephone. In the case of Form 10-D and 10-K, the parties to
      this Agreement 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 shall, 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 that the Trustee
      has actual knowledge or has received notice that any previously filed Form
      8-K,
      10-D or 10-K needs to be amended in connection with any Additional Form 10-D
      Disclosure, any Additional Form 10-K Disclosure or any Additional Form 8-K
      Disclosure Information or any amendment to such disclosure (other than for
      the
      purpose of restating any monthly statement for such Distribution Date), the
      Trustee will electronically notify the Depositor and such other parties to
      the
      transaction as are affected by such amendment 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, Form 10-K or 10-D shall be signed by the senior officer
      in charge of securitization of the Depositor. The parties to this Agreement
      acknowledge that the performance by the Depositor and the Trustee of their
      respective duties under this Section 4.05(d) related to the timely preparation,
      execution 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 4.05. The Trustee shall not have any 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, and for any erroneous,
      inaccurate or incomplete information or certification provided to the Trustee,
      not resulting from its own negligence, bad faith or willful
      misconduct.

     

    (e)  Not
      later
      than March 15 of each year (beginning in 2008) (or, if such day is not a
      Business Day, the immediately preceding Business Day), the Trustee shall sign
      the Trustee Certification (in the form attached hereto as Exhibit N-2) for
      the
      benefit of the Depositor and its officers, directors and
      affiliates.

     

    (f)  The
      Trustee agrees to indemnify the Depositor, its officers, directors, agents
      and
      employees for, and to hold them harmless against, any losses, damages,
      penalties, fines, forfeitures, legal fees and expenses and related costs,
      judgments, and any other costs, fees and expenses (except as otherwise provided
      herein with respect to expenses) (including reasonable legal fees and
      disbursements of counsel) incurred on their part (i) in connection with, arising
      out of, or relating to the Trustee’s failure to file a Form 10-D or Form 10-K in
      accordance with this Section 4.05 or any failure by the Trustee to deliver
      any
      information, report or certification, when and as required under Section 8.01,
      (ii) by reason of the Trustee’s willful misfeasance, reckless disregard, bad
      faith or negligence in the performance of such obligations pursuant to this
      Section 4.05 or (iii) any material misstatement or omission made in the Trustee
      Certification; provided, in each case, that with respect to any such
      claim or legal action (or pending or threatened claim or legal action), such
      indemnified Person shall have given the Trustee written notice thereof promptly
      after such indemnified Person shall have with respect to such claim or legal
      action knowledge thereof; provided, however, that such agreement by the
      Trustee to indemnify and hold harmless such Person shall not include or apply
      to
      any such losses, damages, penalties, fines, forfeitures, legal fees or expenses
      or related costs, judgments, or any other costs, fees or expenses arising from,
      caused by or resulting from the actions or omissions of any Person other than
      the Trustee, including without limitation the negligence, willful misfeasance,
      bad faith or reckless disregard of duties or obligations under or pursuant
      to
      this Agreement or other applicable agreement by the Depositor or the Servicer,
      including without limitation any erroneous, inaccurate or incomplete information
      or certification provided to the Trustee by the Depositor or the Servicer in
      connection with, or any failure or delay on the part of the Depositor or the
      Servicer to provide any information or certification necessary to, the Trustee’s
      performance under this Section 4.05. If the indemnification provided for in
      this
      Section 4.05 is unavailable or insufficient to hold harmless such indemnified
      Persons, then the Trustee shall contribute to the amount paid or payable by
      such
      indemnified Persons as a result of the losses, claims, damages or liabilities
      of
      such indemnified Persons in such proportion as is appropriate to reflect the
      relative fault of the Depositor on the one hand and the Trustee on the other.
      This indemnity shall survive the resignation or removal of the Trustee and
      the
      termination of this Agreement. Notwithstanding the foregoing, in no event shall
      the Trustee be liable for any consequential, indirect or punitive
      damages.

     

    Any
      notice or notification required to be delivered by the Trustee to the Depositor
      pursuant to this Section 4.05 may be delivered via facsimile to (203) 618-2596
      or telephonically by calling (203) 422-4284.

    

    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
                4.06  

            	
              Net
                WAC Rate Carryover Reserve Account.

            

    

     

    No
      later
      than the Closing Date, the Trustee shall establish and maintain with itself
      a
      separate, segregated trust account titled, “Net WAC Rate Carryover Reserve
      Account, Wells Fargo Bank, N.A., as Trustee, in trust for registered Holders
      of
      Soundview Home Loan Trust 2007-OPT2 Asset-Backed Certificates, Series 2007-OPT2”
All amounts deposited in the Net WAC Rate Carryover Reserve Account shall be
      distributed to the Holders of the Floating Rate Certificates in the manner
      set
      forth in Section 4.01(d).

     

    On
      each
      Distribution Date as to which there is a Net WAC Rate Carryover Amount payable
      to the Floating Rate Certificates, the Trustee has been directed by the Class
      C
      Certificateholders to, and therefore will, deposit into the Net WAC Rate
      Carryover Reserve Account the amounts described in Section 4.01(c)(iii), rather
      than distributing such amounts to the Class C Certificateholders. On each such
      Distribution Date, the Trustee shall hold all such amounts for the benefit
      of
      the Holders of the Floating Rate Certificates, and will distribute such amounts
      to the Holders of the Floating Rate Certificates in the amounts and priorities
      set forth in Section 4.01(d).

     

    On
      each
      Distribution Date, any amounts remaining in the Net WAC Rate Carryover Reserve
      Account (representing payments received by the Trustee under the Basis Risk
      Cap
      Agreement) after the payment of any Net WAC Rate Carryover Amounts on the
      Floating Rate Certificates for such Distribution Date, shall be payable to
      the
      Trustee as additional compensation.  For so long as any Floating Rate
      Certificates are beneficially owned by the Depositor or any of its Affiliates,
      the Depositor shall refund or cause such Affiliate to refund any amounts paid
      to
      it under the Basis Risk Cap Agreement to the Trustee who shall, pursuant to
      the
      terms of the Basis Risk Cap Agreement, return such amount to the counterparty
      thereunder.

     

    It
      is the
      intention of the parties hereto that, for federal and state income and state
      and
      local franchise tax purposes, the Net WAC Rate Carryover Reserve Account be
      disregarded as an entity separate from the Holder of the Class C Certificates
      unless and until the date when either (a) there is more than one Class C
      Certificateholder or (b) any Class of Certificates in addition to the Class
      C
      Certificates is recharacterized as an equity interest in the Net WAC Rate
      Carryover Reserve Account for federal income tax purposes, in which case it
      is
      the intention of the parties hereto that, for federal and state income and
      state
      and local franchise tax purposes, the Net WAC Rate Carryover Reserve Account
      be
      treated as a partnership; provided, that the Trustee shall not be required
      to
      prepare and file partnership tax returns in respect of such partnership unless
      it receives additional reasonable compensation (not to exceed $10,000 per year)
      for the preparation of such filings, written notification recognizing the
      creation of a partnership agreement or comparable documentation evidencing
      the
      partnership, if any.  All amounts deposited into the Net WAC Rate
      Carryover Reserve Account shall be treated as amounts distributed by REMIC
      3 to
      the Holder of the Class C Interest and by REMIC 4 to the Holder of the Class
      C
      Certificates.  The Net WAC Rate Carryover Reserve Account will be an
“outside reserve fund” within the meaning of Treasury regulation Section
      1.860G-2(h).  Upon the termination of the Trust, or the payment in
      full of the Floating Rate Certificates, all amounts remaining on deposit in
      the
      Net WAC Rate Carryover Reserve Account will be released by the Trust and
      distributed to the Holders of the Class C Certificates or their
      designees.  The Net WAC Rate Carryover Reserve Account will be part of
      the Trust but not part of any REMIC and any payments to the Holders of the
      Floating Rate Certificates of Net WAC Rate Carryover Amounts will not be
      payments with respect to a “regular interest” in a REMIC within the meaning of
      Code Section 860(G)(a)(1).

     

    By
      accepting a Class C Certificate, each Class C Certificateholder hereby agrees
      to
      direct the Trustee, and the Trustee hereby is directed, to deposit into the
      Net
      WAC Rate Carryover Reserve Account the amounts described above on each
      Distribution Date as to which there is any Net WAC Rate Carryover Amount rather
      than distributing such amounts to the Class C Certificateholders. By accepting
      a
      Class C Certificate, each Class C Certificateholder further agrees that such
      direction is given for good and valuable consideration, the receipt and
      sufficiency of which is acknowledged by such acceptance.

     

    Amounts
      on deposit in the Net WAC Rate Carryover Reserve Account shall remain
      uninvested.

     

    For
      federal tax return and information reporting, the right of the Holders of the
      Floating Rate Certificates to receive payments from the Net WAC Rate Carryover
      Reserve Account in respect of any Net WAC Rate Carryover Amount may have more
      than a de minimis value.

     

    
      	
              SECTION
                4.07  

            	
              Distributions
                on the REMIC Regular Interests.

            

    

     

    (a)  On
      each
      Distribution Date, the Trustee shall cause in the following order of priority,
      the following amounts which shall be deemed to be distributed by REMIC 1 to
      REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the
      Distribution 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)  to
      Holders of each of REMIC 1 Regular Interest I and REMIC 1 Regular Interest
      I-1-A
      through I-66-B, on a pro rata basis, in an amount equal to (A)
      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 amounts remaining after the distributions made pursuant to clause
      (A)
      above, payments of principal shall be allocated as follows: first, to REMIC
      1
      Regular Interests I-1-A through I-66-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, and second, to
      the
      extent of the Overcollateralization Release Amounts, to REMIC 1 Regular Interest
      I-66-B until the Uncertificated Principal Balance of such REMIC 1 Regular
      Interest is reduced to zero; and

     

    (iii)  to
      the
      Holders of REMIC 1 Regular Interest P, (A) on each Distribution Date, 100%
      of
      the amount paid in respect of Prepayment Charges and (B) on the Distribution
      Date immediately following the expiration of the latest Prepayment Charge as
      identified on the Prepayment Charge Schedule or any Distribution Date thereafter
      until $100 has been distributed pursuant to this clause.

     

    (b)  On
      each
      Distribution Date, the Trustee shall cause in the following order of priority,
      the following amounts which shall be deemed to be distributed by REMIC 1 to
      REMIC 2 on account of the REMIC 2 Regular Interests or withdrawn from the
      Distribution 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)  first,
      to
      the Holders of REMIC 2 Regular Interest LTIO, in an amount equal to (A)
      Uncertificated Accrued Interest for such REMIC 2 Regular Interest for such
      Distribution Date, plus (B) any amounts in respect thereof remaining unpaid
      from
      previous Distribution Dates;

     

    (ii)  second,
      to the extent of Available Funds, to Holders of REMIC 2 Regular Interest LTAA,
      REMIC 2 Regular Interest LTIA1, REMIC 2 Regular Interest LTIIA1, REMIC 2 Regular
      Interest LTIIA2, REMIC 2 Regular Interest LTIIA3, REMIC 2 Regular Interest
      LTIIA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC
      2
      Regular Interest LTM3, REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest
      LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC 2
      Regular Interest LTM8, REMIC 2 Regular Interest LTM9, REMIC 2 Regular Interest
      LTM10, REMIC 2 Regular Interest LTZZ and REMIC 2 Regular Interest LTP, on a
      pro rata basis, in an amount equal to (A) the Uncertificated Accrued
      Interest for such Distribution Date, plus (B) any amounts in respect thereof
      remaining unpaid from previous Distribution Dates. Amounts payable as
      Uncertificated Accrued Interest in respect of REMIC 2 Regular Interest LTZZ
      shall be reduced and deferred when the REMIC 2 Overcollateralization Amount
      is
      less than the REMIC 2 Overcollateralization Target Amount, by the lesser of
      (x)
      the amount of such difference and (y) the Maximum Uncertificated Accrued
      Interest Deferral Amount and such amount will be payable to the Holders of
      REMIC
      2 Regular Interest LTIA1, REMIC 2 Regular Interest LTIIA1, REMIC 2 Regular
      Interest LTIIA2, REMIC 2 Regular Interest LTIIA3, REMIC 2 Regular Interest
      LTIIA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC
      2
      Regular Interest LTM3, REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest
      LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC 2
      Regular Interest LTM8, REMIC 2 Regular Interest LTM9 and REMIC 2 Regular
      Interest LTM10, in the same proportion as the Overcollateralization Deficiency
      Amount is allocated to the Corresponding Certificates and the Uncertificated
      Principal Balance of the REMIC 2 Regular Interest LTZZ shall be increased by
      such amount; and

     

    (iii)  third,
      to
      the Holders of REMIC 2 Regular Interests, in an amount equal to the remainder
      of
      the Available Funds for such Distribution Date after the distributions made
      pursuant to clause (i) above, allocated as follows:

     

    (a)           98.00%
      of such remainder to the Holders of REMIC 2 Regular Interest LTAA and REMIC
      2
      Regular Interest LTP, until the Uncertificated Principal Balance of such
      Uncertificated REMIC 2 Regular Interest is reduced to zero; provided, however,
      that REMIC 2 Regular Interest LTP shall not be reduced until the Distribution
      Date immediately following the expiration of the latest Prepayment Charge as
      identified on the Prepayment Charge Schedule or any Distribution Date
      thereafter, at which point such amount shall be distributed to REMIC 2 Regular
      Interest LTP, until $100 has been distributed pursuant to this
      clause;

     

    (b)           2.00%
      of such remainder first, to the Holders of REMIC 2 Regular Interest LTIA1,
      REMIC
      2 Regular Interest LTIIA1, REMIC 2 Regular Interest LTIIA2, REMIC 2 Regular
      Interest LTIIA3, REMIC 2 Regular Interest LTIIA4, REMIC 2 Regular Interest
      LTM1,
      REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular
      Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6,
      REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular
      Interest LTM9 and REMIC 2 Regular Interest LTM10, 1.00% of and in the same
      proportion as principal payments are allocated to the Corresponding
      Certificates, until the Uncertificated Principal Balances of such REMIC 2
      Regular Interests are reduced to zero, and second, to the Holders of REMIC
      2
      Regular Interest LTZZ, until the Uncertificated Principal Balance of such REMIC
      2 Regular Interest is reduced to zero; and

     

    (c)           any
      remaining amount to the Holders of the Class R Certificates (in respect of
      the
      Class R-2 Interest).

     

    (iv)  For
      purposes of calculating the amount of Principal Distributions for the REMIC
      3
      Regular Interests for any Distribution Date, the aggregate amount of Principal
      Distributions made in respect of the Mortgage Loans for any Distribution Date
      shall be allocated to the Class C Interest to the extent allocated to the Class
      C Certificates, and to the Class P Interest to the extent allocated to the
      Class
      P Certificates.

     

    
      	
              SECTION
                4.08  

            	
              Allocation
                of Realized Losses.

            

    

     

    (a)  All
      Realized Losses on the Mortgage Loans allocated to any Regular Certificate
      shall
      be allocated by the Trustee on each Distribution Date as
      follows:  first, to Net Monthly Excess Cashflow; second, to Net Swap
      Payments received under the Interest Rate Swap Agreement; third, to amounts
      received under the Interest Rate Cap Agreement; fourth, to the Class C
      Certificates, until the Certificate Principal Balance thereof has been reduced
      to zero; fifth, to the Class M-10 Certificates, until the Certificate Principal
      Balance thereof has been reduced to zero; sixth, to the Class M-9 Certificates,
      until the Certificate Principal Balance thereof has been reduced to zero;
      seventh, to the Class M-8 Certificates, until the Certificate Principal Balance
      thereof has been reduced to zero; eighth, to the Class M-7 Certificates, until
      the Certificate Principal Balance thereof has been reduced to zero; ninth,
      to
      the Class M-6 Certificates, until the Certificate Principal Balance thereof
      has
      been reduced to zero; tenth, to the Class M-5 Certificates, until the
      Certificate Principal Balance thereof has been reduced to zero; eleventh, to
      the
      Class M-4 Certificates, until the Certificate Principal Balance thereof has
      been
      reduced to zero; twelfth, to the Class M-3 Certificates, until the Certificate
      Principal Balance thereof has been reduced to zero; thirteenth, to the Class
      M-2
      Certificates, until the Certificate Principal Balance thereof has been reduced
      to zero and fourteenth, to the Class M-1 Certificates, until the Certificate
      Principal Balance thereof has been reduced to zero.  All Realized
      Losses to be allocated to the Certificate Principal Balances of all Classes
      on
      any Distribution Date shall be so allocated after the actual distributions
      to be
      made on such date as provided above. All references above to the Certificate
      Principal Balance of any Class of Certificates shall be to the Certificate
      Principal Balance of such Class immediately prior to the relevant Distribution
      Date, before reduction thereof by any Realized Losses, in each case to be
      allocated to such Class of Certificates, on such Distribution Date.

     

    Any
      allocation of Realized Losses to a Mezzanine Certificate on any Distribution
      Date shall be made by reducing the Certificate Principal Balance thereof by
      the
      amount so allocated; any allocation of Realized Losses to a Class C Certificates
      shall be made first by reducing the amount otherwise payable in respect thereof
      pursuant to Section 4.01(c)(v). No allocations of any Realized Losses shall
      be
      made to the Certificate Principal Balances of the Class A Certificates, the
      Class L Certificates or the Class P Certificates.

     

    (b)  With
      respect to the REMIC 1 Regular Interests, all Realized Losses on the Mortgage
      Loans shall be allocated by the Trustee on each Distribution Date, first to
      REMIC 1 Regular Interest I until the Uncertificated Principal Balance has been
      reduced to zero, and second, to REMIC 1 Regular Interest I-1-A through REMIC
      1
      Regular Interest I-66-B, starting with the lowest numerical denomination until
      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)  With
      respect to the REMIC 2 Regular Interests, all Realized Losses on the Mortgage
      Loans shall be deemed to have been allocated in the specified percentages,
      as
      follows:  first, to Uncertificated Accrued Interest payable to the
      REMIC 2 Regular Interest LTAA and REMIC 2 Regular Interest LTZZ up to an
      aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98%
      and
      2%, respectively; second, to the Uncertificated Principal Balances of REMIC
      2
      Regular Interest LTAA and REMIC 2 Regular Interest LTZZ up to an aggregate
      amount equal to the REMIC 2 Principal Loss Allocation Amount, 98% and 2%,
      respectively; third, to the Uncertificated Principal Balances of REMIC 2 Regular
      Interest LTAA, REMIC 2 Regular Interest LTM10 and REMIC 2 Regular Interest
      LTZZ,
      98%, 1% and 1%, respectively, until the Uncertificated Principal Balance of
      REMIC 2 Regular Interest LTM10 has been reduced to zero; fourth, to the
      Uncertificated Principal Balances of REMIC 2 Regular Interest LTAA, REMIC 2
      Regular Interest LTM9 and REMIC 2 Regular Interest LTZZ, 98%, 1% and 1%,
      respectively, until the Uncertificated Principal Balance of REMIC 2 Regular
      Interest LTM9 has been reduced to zero; fifth, to the Uncertificated Principal
      Balances of REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTM8 and
      REMIC 2 Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the
      Uncertificated Principal Balance of REMIC 2 Regular Interest LTM8 has been
      reduced to zero; sixth, to the Uncertificated Principal Balances of REMIC 2
      Regular Interest LTAA, REMIC 2 Regular Interest LTM7 and REMIC 2 Regular
      Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Principal
      Balance of REMIC 2 Regular Interest LTM7 has been reduced to zero; seventh,
      to
      the Uncertificated Principal Balances of REMIC 2 Regular Interest LTAA, REMIC
      2
      Regular Interest LTM6 and REMIC 2 Regular Interest LTZZ, 98%, 1% and 1%,
      respectively, until the Uncertificated Principal Balance of REMIC 2 Regular
      Interest LTM6 has been reduced to zero; eighth, to the Uncertificated Principal
      Balances of REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTM5 and
      REMIC 2 Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the
      Uncertificated Principal Balance of REMIC 2 Regular Interest LTM5 has been
      reduced to zero; ninth, to the Uncertificated Principal Balances of REMIC 2
      Regular Interest LTAA, REMIC 2 Regular Interest LTM4 and REMIC 2 Regular
      Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Principal
      Balance of REMIC 2 Regular Interest LTM4 has been reduced to zero; tenth, to
      the
      Uncertificated Principal Balances of REMIC 2 Regular Interest LTAA, REMIC 2
      Regular Interest LTM3 and REMIC 2 Regular Interest LTZZ, 98%, 1% and 1%,
      respectively, until the Uncertificated Principal Balance of REMIC 2 Regular
      Interest LTM3 has been reduced to zero; eleventh, to the Uncertificated
      Principal Balances of REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest
      LTM2 and REMIC 2 Regular Interest LTZZ, 98%, 1% and 1%, respectively, until
      the
      Uncertificated Principal Balance of REMIC 2 Regular Interest LTM2 has been
      reduced to zero; twelfth, to the Uncertificated Principal Balances of REMIC
      2
      Regular Interest LTAA, REMIC 2 Regular Interest LTM1 and REMIC 2 Regular
      Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Principal
      Balance of REMIC 2 Regular Interest LTM1 has been reduced to zero.

     

    (d)  With
      respect to the Class C Interest, all Realized Losses on the Mortgage Loans
      allocated to the Class C Certificates shall be allocated to the Class C
      Interest.

     

    
      	
              SECTION
                4.09  

            	
              Swap
                Account.

            

    

     

    (a)  On
      the
      Closing Date, there is hereby established a separate trust (the “Supplemental
      Interest Trust”), into which the Depositor shall deposit the Interest Rate Swap
      Agreement.  The Supplemental Interest Trust shall be maintained by the
      Supplemental Interest Trust Trustee.  No later than the Closing Date,
      the Supplemental Interest Trust Trustee shall establish and maintain a separate,
      segregated trust account to be held in the Supplemental Interest Trust, titled,
      “Swap Account, Wells Fargo Bank, N.A., as Supplemental Interest Trust Trustee,
      in trust for the registered Certificateholders of Soundview Home Loan Trust
      2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2.” Such 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.  Amounts therein shall be held uninvested.

     

    (b)  On
      each
      Distribution Date, prior to any distribution to any Certificate, the
      Supplemental Interest Trust Trustee shall deposit into the Swap Account the
      amount of any Net Swap Payment or Swap Termination Payment (other than any
      Swap
      Termination Payment resulting from a Swap Provider Trigger Event) owed to the
      Swap Provider (after taking into account any upfront payment received from
      the
      counterparty to a replacement interest rate swap agreement) from funds collected
      and received with respect to the Mortgage Loans prior to the determination
      of
      Available Funds for distribution in accordance with Section 4.01 hereof. For
      federal income tax purposes, any amounts paid to the Swap Provider on each
      Distribution Date shall first be deemed paid to the Swap Provider in respect
      of
      REMIC 6 Regular Interest SWAP IO to the extent of the amount distributable
      on
      REMIC 6 Regular Interest SWAP IO on such Distribution Date, and any remaining
      amount shall be deemed paid to the Swap Provider in respect of a Class IO
      Distribution Amount (as defined below).

     

    (c)  It
      is the
      intention of the parties hereto that, for federal and state income and state
      and
      local franchise tax purposes, the Supplemental Interest Trust be disregarded
      as
      an entity separate from the Holder of the Class C Certificates unless and until
      the date when either (a) there is more than one Class C Certificateholder or
      (b)
      any Class of Certificates in addition to the Class C Certificates is
      recharacterized as an equity interest in the Supplemental Interest Trust for
      federal income tax purposes, in which case it is the intention of the parties
      hereto that, for federal and state income and state and local franchise tax
      purposes, the Supplemental Interest Trust be treated as a partnership; provided,
      that the Trustee shall not be required to prepare and file partnership tax
      returns in respect of such partnership unless it receives additional reasonable
      compensation (not to exceed $10,000 per year) for the preparation of such
      filings, written notification recognizing the creation of a partnership
      agreement or comparable documentation evidencing the partnership, if
      any.  The Supplemental Interest Trust will be an “outside reserve
      fund” within the meaning of Treasury Regulation Section
      1.860G-2(h).

     

    (d)  To
      the
      extent that the Supplemental Interest Trust is determined to be a separate
      legal
      entity from the Supplemental Interest Trust Trustee, any obligation of the
      Supplemental Interest Trust Trustee under the Interest Rate Swap Agreement
      shall
      be deemed to be an obligation of the Supplemental Interest Trust.

     

    (e)  The
      Trustee shall treat the Holders of Certificates (other than the Class P, Class
      C, Class R and Class R-X Certificates) as having entered into a notional
      principal contract with respect to the Holders of the Class C Certificates.
      Pursuant to each such notional principal contract, all Holders of Certificates
      (other than the Class P, Class C, Class R and Class R-X Certificates) shall
      be
      treated as having agreed to pay, on each Distribution Date, to the Holder of
      the
      Class C Certificates an aggregate amount equal to the excess, if any, of (i)
      the
      amount payable on such Distribution Date on the REMIC 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 “Class IO
      Distribution Amount”). A Class IO Distribution Amount payable from interest
      collections shall be allocated pro rata among such Certificates based
      on the excess of (a) the amount of interest otherwise payable to such
      Certificates over (ii) the amount of interest payable to such Certificates
      at a
      per annum rate equal to the Net WAC Rate, and a Class IO Distribution Amount
      payable from principal collections shall be allocated to the most subordinate
      Class of Certificates with an outstanding principal balance to the extent of
      such balance. In addition, pursuant to such notional principal contract, the
      Holder of the Class C Certificates shall be treated as having agreed to pay
      Net
      WAC Rate Carryover Amounts to the Holders of the Certificates (other than the
      Class C, Class P, Class R and Class R-X Certificates) in accordance with the
      terms of this Agreement. Any payments to the 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 Code Section
      860G(a)(1). However, any payment from the Certificates (other than the Class
      C,
      Class P, Class R and Class R-X Certificates) of a Class IO Distribution Amount
      shall be treated for tax purposes as having been received by the Holders of
      such
      Certificates in respect of their interests in REMIC 4 and as having been paid
      by
      such Holders to the Swap Administrator pursuant to the notional principal
      contract. Thus, each Certificate (other than the Class P, Class R and Class
      R-X
      Certificates) shall be treated as representing not only ownership of Regular
      Interests in REMIC 3, but also ownership of an interest in, and obligations
      with
      respect to, a notional principal contract.

     

    
      	
              SECTION
                4.10  

            	
              Tax
                Treatment of Swap Payments and Swap Termination
                Payments.

            

    

     

    For
      federal income tax purposes, each holder of a Floating Rate Certificate is
      deemed to own an undivided beneficial ownership interest in a REMIC regular
      interest and the right to receive payments from either the Net WAC Rate
      Carryover Reserve Account or the Swap Account in respect of the Net WAC Rate
      Carryover Amount or the obligation to make payments to the Swap Account. For
      federal income tax purposes, the Trustee will account for payments to each
      Floating Rate Certificates as follows: each Floating Rate Certificate will
      be
      treated as receiving their entire payment from REMIC 3 (regardless of any Swap
      Termination Payment or obligation under the Interest Rate Swap Agreement) and
      subsequently paying their portion of any Swap Termination Payment in respect
      of
      each such Class’ obligation under the Interest Rate Swap Agreement. In the event
      that any such Class is resecuritized in a REMIC, the obligation under the
      Interest Rate Swap Agreement to pay any such Swap Termination Payment (or any
      shortfall in the Net Swap Payment), will be made by one or more of the REMIC
      Regular Interests issued by the resecuritization REMIC subsequent to such REMIC
      Regular Interest receiving its full payment from any such Floating Rate
      Certificate.

     

    (a)  The
      REMIC
      regular interest corresponding to a Floating Rate Certificate will be entitled
      to receive interest and principal payments at the times and in the amounts
      equal
      to those made on the certificate to which it corresponds, except that (i) the
      maximum interest rate of that REMIC regular interest will equal the Net WAC
      Rate
      computed for this purpose by limiting the Base Calculation Amount of the
      Interest Rate Swap Agreement to the aggregate Stated Principal Balance of the
      Mortgage Loans and (ii) any Swap Termination Payment will be treated as being
      payable solely from Net Monthly Excess Cashflow. As a result of the foregoing,
      the amount of distributions and taxable income on the REMIC regular interest
      corresponding to a Floating Rate Certificate may exceed the actual amount of
      distributions on such Certificate.

     

    
      	
              SECTION
                4.11  

            	
              Cap
                Account.

            

    

     

    (a)  No
      later
      than the Closing Date, the Cap Trustee shall establish and maintain with itself,
      a separate, segregated trust account titled, “Cap Account, Wells Fargo Bank,
      N.A., as Cap Trustee, in trust for the registered Certificateholders of
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series
      2007-OPT2.” Such account shall be an Eligible Account and amounts therein shall
      be held uninvested.

     

    (b)  On
      each
      Distribution Date, pursuant to the Cap Allocation Agreement, the Cap Trustee,
      prior to any distribution to any Certificate, shall deposit into the Cap Account
      amounts received pursuant to the Interest Rate Cap Agreement for distribution
      in
      accordance with Section 4.01(g) above.

     

    (c)  It
      is the
      intention of the parties hereto that, for federal and state income and state
      and
      local franchise tax purposes, the Cap Account be disregarded as an entity
      separate from the Holder of the Class C Certificates unless and until the date
      when either (a) there is more than one Class C Certificateholder or (b) any
      Class of Certificates in addition to the Class C Certificates is recharacterized
      as an equity interest in the Cap Account for federal income tax purposes, in
      which case it is the intention of the parties hereto that, for federal and state
      income and state and local franchise tax purposes, the Cap Account be treated
      as
      a partnership.  The Cap Account will be an “outside reserve fund”
within the meaning of Treasury Regulation Section 1.860G-2(h).  Upon
      the termination of the Trust Fund, or the payment in full of the Floating Rate
      Certificates, all amounts remaining on deposit in the Cap Account shall be
      released by the Trust Fund and distributed to the Class C Certificateholders
      or
      their designees.  The Cap Account shall be part of the Trust Fund but
      not part of any Trust REMIC and any payments to the Holders of the Floating
      Rate
      Certificates of Net WAC Rate Carryover Amounts will not be payments with respect
      to a “regular interest” in a REMIC within the meaning of Code Section
      860(G)(a)(1).

     

    (d)  By
      accepting a Class C Certificate, each Class C Certificateholder hereby agrees
      to
      direct the Trustee, and the Trustee is hereby directed, to deposit into the
      Cap
      Account the amounts described above on each Distribution Date.

     

    For
      federal income tax purposes, the right of the Floating Rate Certificates to
      receive payments from the Cap Account may have more than a de minimis
      value.

     

    
      	
              SECTION
                4.12  

            	
              Collateral
                Accounts

            

    

     

    (a)  The
      Trustee is hereby directed to perform the obligations of the Custodian as
      defined under the Basis Risk Cap Credit Support Annex (the “Basis Risk Cap
      Custodian”).  On or before the Closing Date, the Basis Risk Cap
      Custodian shall establish a Basis Risk Cap Collateral Account.  The
      Basis Risk Cap Collateral Account shall be held in the name of the Basis Risk
      Cap Custodian in trust for the benefit of the Certificateholders.  The
      Basis Risk Cap Collateral Account must be an Eligible Account and shall be
      titled “Basis Risk Cap Collateral Account, Wells Fargo Bank, N.A., as Basis Risk
      Cap Custodian for registered Certificateholders of Soundview Home Loan Trust
      2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2.”

     

    The
      Basis
      Risk Cap Custodian shall credit to Basis Risk Cap Collateral Account all
      collateral (whether in the form of cash or securities) posted by the Basis
      Risk
      Cap Provider to secure the obligations of the Basis Risk Cap Provider in
      accordance with the terms of the Basis Risk Cap Agreement.  Except for
      investment earnings, the Basis Risk Cap Provider shall not have any legal,
      equitable or beneficial interest in the Basis Risk Cap Collateral Account other
      than in accordance with this Agreement, the Basis Risk Cap Agreement and
      applicable law.  The Basis Risk Cap Custodian shall maintain and apply
      all collateral and earnings thereon on deposit in the Basis Risk Cap Collateral
      Account in accordance with Basis Risk Cap Credit Support Annex.

     

    Cash
      collateral posted by the Basis Risk Cap Provider in accordance with the Basis
      Risk Cap Credit Support Annex shall be invested at the direction of the Basis
      Risk Cap Provider in Permitted Investments in accordance with the requirements
      of the Basis Risk Cap Credit Support Annex.  All amounts earned on
      amounts on deposit in the Basis Risk Cap Collateral Account (whether cash
      collateral or securities) shall be for the account of and taxable to the Basis
      Risk Cap Provider.  If no investment direction is provided, such
      amounts shall remain uninvested.

     

    Upon
      the
      occurrence of an Event of Default or Specified Condition (each as defined in
      the
      Basis Risk Cap Agreement), with respect to the Basis Risk Cap Provider or upon
      occurrence or designation of an Early Termination Date (as defined in the Basis
      Risk Cap Agreement) as a result of any such Event of Default or Specified
      Condition with respect to the Basis Risk Cap Provider, and, in either such
      case,
      unless the Basis Risk Cap Provider has paid in full all of its Obligations
      (as
      defined in the Basis Risk Cap Credit Support Annex) that are then due, then
      any
      collateral posted by the Basis Risk Cap Provider in accordance with the Basis
      Risk Cap Credit Support Annex shall be applied to the payment of any Obligations
      due to Party B (as defined in the Basis Risk Cap Agreement) in accordance with
      the Basis Risk Cap Credit Support Annex.  To the extent the Basis Risk
      Cap Custodian is required to return any of the Posted Collateral to the Basis
      Risk Cap Provider under the terms of the Basis Risk Cap Credit Support Annex,
      the Basis Risk Cap Custodian shall return such collateral in accordance with
      the
      terms of the Basis Risk Cap Credit Support Annex.

     

    (b)  The
      Trustee (in its capacity as Cap Trustee) is hereby directed to perform the
      obligations of the Custodian as defined under the Interest Rate Cap Credit
      Support Annex (the “Interest Rate Cap Custodian”).  On or before the
      Closing Date, the Interest Rate Cap Custodian shall establish a Interest Rate
      Cap Collateral Account.  The Interest Rate Cap Collateral Account
      shall be held in the name of the Interest Rate Cap Custodian in trust for the
      benefit of the Certificateholders.  The Interest Rate Cap Collateral
      Account must be an Eligible Account and shall be titled “Interest Rate Cap
      Collateral Account, Wells Fargo Bank, N.A., as Interest Rate Cap Custodian
      for
      registered Certificateholders of Soundview Home Loan Trust 2007-OPT2,
      Asset-Backed Certificates, Series 2007-OPT2.”

     

    The
      Interest Rate Cap Custodian shall credit to Interest Rate Cap Collateral Account
      all collateral (whether in the form of cash or securities) posted by the
      Interest Rate Cap Provider to secure the obligations of the Interest Rate Cap
      Provider in accordance with the terms of the Interest Rate Cap
      Agreement.  Except for investment earnings, the Interest Rate Cap
      Provider shall not have any legal, equitable or beneficial interest in the
      Interest Rate Cap Collateral Account other than in accordance with this
      Agreement, the Interest Rate Cap Agreement and applicable law.  The
      Interest Rate Cap Custodian shall maintain and apply all collateral and earnings
      thereon on deposit in the Interest Rate Cap Collateral Account in accordance
      with Interest Rate Cap Credit Support Annex.

     

    Cash
      collateral posted by the Interest Rate Cap Provider in accordance with the
      Interest Rate Cap Credit Support Annex shall be invested at the direction of
      the
      Interest Rate Cap Provider in Permitted Investments in accordance with the
      requirements of the Interest Rate Cap Credit Support Annex.  All
      amounts earned on amounts on deposit in the Interest Rate Cap Collateral Account
      (whether cash collateral or securities) shall be for the account of and taxable
      to the Interest Rate Cap Provider.  If no investment direction is
      provided, such amounts shall remain uninvested.

     

    Upon
      the
      occurrence of an Event of Default or Specified Condition (each as defined in
      the
      Interest Rate Cap Agreement), with respect to the Interest Rate Cap Provider
      or
      upon occurrence or designation of an Early Termination Date (as defined in
      the
      Interest Rate Cap Agreement) as a result of any such Event of Default or
      Specified Condition with respect to the Interest Rate Cap Provider, and, in
      either such case, unless the Interest Rate Cap Provider has paid in full all
      of
      its Obligations (as defined in the Interest Rate Cap Credit Support Annex)
      that
      are then due, then any collateral posted by the Interest Rate Cap Provider
      in
      accordance with the Interest Rate Cap Credit Support Annex shall be applied
      to
      the payment of any Obligations due to Party B (as defined in the Interest Rate
      Cap Agreement) in accordance with the Interest Rate Cap Credit Support
      Annex.  To the extent the Interest Rate Cap Custodian is required to
      return any of the Posted Collateral to the Interest Rate Cap Provider under
      the
      terms of the Basis Risk Cap Credit Support Annex, the Interest Rate Cap
      Custodian shall return such collateral in accordance with the terms of the
      Interest Rate Cap Credit Support Annex.

     

    (c)  The
      Trustee (in its capacity as Supplemental Interest Trust Trustee) is hereby
      directed to perform the obligations of the Custodian as defined under the Swap
      Credit Support Annex (the “Swap Custodian”).  On or before the Closing
      Date, the Swap Custodian shall establish a Swap Collateral
      Account.  The Swap Collateral Account shall be held in the name of the
      Swap Custodian in trust for the benefit of the
      Certificateholders.  The Swap Collateral Account must be an Eligible
      Account and shall be titled “Swap Collateral Account, Wells Fargo Bank, N.A., as
      Swap Custodian for registered Certificateholders of Soundview Home Loan Trust
      2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2.”

     

    The
      Swap
      Custodian shall credit to Swap Collateral Account all collateral (whether in
      the
      form of cash or securities) posted by the Swap Provider to secure the
      obligations of the Swap Provider in accordance with the terms of the Interest
      Rate Swap Agreement.  Except for investment earnings, the Swap
      Provider shall not have any legal, equitable or beneficial interest in the
      Swap
      Collateral Account other than in accordance with this Agreement, the Interest
      Rate Swap Agreement and applicable law.  The Swap Custodian shall
      maintain and apply all collateral and earnings thereon on deposit in the Swap
      Collateral Account in accordance with Swap Credit Support Annex.

     

    Cash
      collateral posted by the Swap Provider in accordance with the Swap Credit
      Support Annex shall be invested at the direction of the Swap Provider in
      Permitted Investments in accordance with the requirements of the Swap Credit
      Support Annex.  All amounts earned on amounts on deposit in the Swap
      Collateral Account (whether cash collateral or securities) shall be for the
      account of and taxable to the Swap Provider.  If no investment
      direction is provided, such amounts shall remain uninvested.

     

    Upon
      the
      occurrence of an Event of Default or Specified Condition (each as defined in
      the
      Interest Rate Swap Agreement), a with respect to the Interest Rate Swap Provider
      or upon occurrence or designation of an Early Termination Date (as defined
      in
      the Interest Rate Swap Agreement) as a result of any such Event of Default
      or
      Specified Condition with respect to the Interest Rate Swap Provider, and, in
      either such case, unless the Interest Rate Swap Provider has paid in full all
      of
      its Obligations (as defined in the Interest Rate Swap Credit Support Annex)
      that
      are then due, then any collateral posted by the Interest Rate Swap Provider
      in
      accordance with the Interest Rate Swap Credit Support Annex shall be applied
      to
      the payment of any Obligations due to Party B (as defined in the Interest Rate
      Swap Agreement) in accordance with the Interest Rate Swap Credit Support
      Annex.  To the extent the Swap Custodian is required to return any of
      the Posted Collateral to the Swap Provider under the terms of the Swap Credit
      Support Annex, the Swap Custodian shall return such collateral in accordance
      with the terms of the Swap Credit Support Annex.

     

    
      	
              SECTION
                4.13  

            	
              Rights
                and Obligations Under the Basis Risk Cap Agreement, the Interest
                Rate Cap
                Agreement and the Interest Rate Swap
                Agreement.

            

    

     

    (a)  In
      the
      event that the Basis Risk Cap Provider fails to perform any of its obligations
      under the Basis Risk Cap Agreement (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 Basis Risk Cap Agreement) occurs with respect to the Basis Risk Cap
      Agreement, the 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 Trust, required to enforce the rights of the Trust under the
      Basis Risk Cap Agreement.

     

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

     

    Upon
      an
      early termination of the Basis Risk Cap Agreement other than in connection
      with
      the optional termination of the Trust, the Trustee, at the direction of the
      Depositor, will use reasonable efforts to appoint a successor basis risk cap
      provider to enter into a new basis risk cap agreement on terms substantially
      similar to the Basis Risk Cap Agreement, with a successor basis risk cap
      provider meeting all applicable eligibility requirements. If the Trustee
      receives a termination payment from the Basis Risk Cap Provider in connection
      with such early termination, the Trustee will apply such termination payment
      to
      any upfront payment required to appoint the successor basis risk cap
      provider.

     

    If
      the
      Trustee is unable to appoint a successor basis risk cap provider within 30
      days
      of the early termination, then the Trustee will deposit any termination payment
      received from the original Basis Risk Cap Provider 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 Trustee by the
      original Basis Risk Cap Provider calculated in accordance with the terms of
      the
      original Basis Risk Cap Agreement, and distribute such amount in accordance
      with
      the terms of  Section 4.01(d).

     

    Upon
      an
      early termination of the Basis Risk Cap Agreement in connection with the
      optional termination of the Trust, if the Trustee receives a termination payment
      from the Basis Risk Cap Provider, such termination payment will be distributed
      in accordance with Section 4.01(d).

     

    (b)  In
      the
      event that the Interest Rate Cap Provider fails to perform any of its
      obligations under the Interest Rate Cap Agreement (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 Interest Rate Cap Agreement) occurs with respect to
      the
      Interest Rate Cap Agreement, the Trustee (in its capacity as Cap 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 Cap Trust,
      required to enforce the rights of the Cap Trust under the Interest Rate Cap
      Agreement.

     

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

     

    Upon
      an
      early termination of the Interest Rate Cap Agreement other than in connection
      with the optional termination of the Trust, the Trustee (in its capacity as
      Cap
      Trustee), at the direction of the Depositor, will use reasonable efforts to
      appoint a successor interest rate cap provider to enter into a new interest
      rate
      cap agreement on terms substantially similar to the Interest Rate Cap Agreement,
      with a successor interest rate cap provider meeting all applicable eligibility
      requirements. If the Trustee (in its capacity as Cap Trustee) receives a
      termination payment from the Interest Rate Cap Provider in connection with
      such
      early termination, the Trustee (in its capacity as Cap Trustee) will apply
      such
      termination payment to any upfront payment required to appoint the successor
      interest rate cap provider.

     

    If
      the
      Trustee (in its capacity as Cap Trustee) is unable to appoint a successor
      interest rate cap provider within 30 days of the early termination, then the
      Trustee (in its capacity as Cap Trustee) will deposit any termination payment
      received from the original Interest Rate Cap Provider 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 Trustee
      (in its capacity as Cap Trustee) by the original Interest Rate Cap Provider
      calculated in accordance with the terms of the original Interest Rate Cap
      Agreement, and distribute such amount in accordance with the terms
      of  Section 4.01(g).

     

    Upon
      an
      early termination of the Interest Rate Cap Agreement in connection with the
      optional termination of the Trust, if the Trustee (in its capacity as Cap
      Trustee) receives a termination payment from the Interest Rate Cap Provider,
      such termination payment will be distributed in accordance with Section
      4.01(g).

     

    (c)  In
      the
      event that the Swap Provider fails to perform any of its obligations under
      the
      Interest Rate Swap Agreement (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
      Interest Rate Swap Agreement) occurs with respect to the Interest Rate Swap
      Agreement, the Trustee (in its capacity as Supplemental Interest Trust Trustee)
      shall, promptly following actual notice of such failure, breach or event, notify
      the Depositor and send any notices and make any demands, on behalf of the
      Supplemental Interest Trust, required to enforce the rights of the Supplemental
      Interest Trust under the Interest Rate Swap Agreement.

     

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

     

    Upon
      an
      early termination of the Interest Rate Swap Agreement other than in connection
      with the optional termination of the Trust, the Trustee (in its capacity as
      Supplemental Interest Trust Trustee), at the direction of the Depositor, will
      use reasonable efforts to appoint a successor swap provider to enter into a
      new
      interest rate swap agreement on terms substantially similar to the Interest
      Rate
      Swap Agreement, with a successor swap provider meeting all applicable
      eligibility requirements. If the Trustee (in its capacity as Supplemental
      Interest Trust Trustee) receives a termination payment from the Swap Provider
      in
      connection with such early termination, the Trustee (in its capacity as
      Supplemental Interest Trust Trustee) will apply such termination payment to
      any
      upfront payment required to appoint the successor swap provider.  If
      the Trustee (in its capacity as Supplemental Interest Trust Trustee) is required
      to pay a termination payment to the Swap Provider in connection with such early
      termination, the Trustee (in its capacity as Supplemental Interest Trust
      Trustee) will apply any upfront payment received from the successor swap
      provider to pay such termination payment.

     

    If
      the
      Trustee (in its capacity as Supplemental Interest Trust Trustee) is unable
      to
      appoint a successor swap provider within 30 days of the early termination,
      then
      the Trustee (in its capacity as Supplemental Interest Trust Trustee) will
      deposit any termination payment received from the original Swap Provider 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 Net Swap Payment, if any, that would
      have
      been paid to the Trustee (in its capacity as Supplemental Interest Trust
      Trustee) by the original Swap Provider calculated in accordance with the terms
      of the original Interest Rate Swap Agreement, and distribute such amount in
      accordance with the terms of  Section 4.01(e).

     

    Upon
      an
      early termination of the Interest Rate Swap Agreement in connection with the
      optional termination of the Trust, if the Trustee (in its capacity as
      Supplemental Interest Trust Trustee) receives a termination payment from the
      Swap Provider, such termination payment will be distributed in accordance with
      Section 4.01(e).

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      V

     

    THE
      CERTIFICATES

     

    
      	
              SECTION
                5.01  

            	
              The
                Certificates.

            

    

     

    Each
      of
      the Floating Rate Certificates, the Class L Certificates, the Class P
      Certificates, the Class C Certificates and the Residual Certificates shall
      be
      substantially in the forms annexed hereto as exhibits, and shall, on original
      issue, be executed, authenticated and delivered by the Trustee to or upon the
      order of the Depositor concurrently with the sale and assignment to the Trustee
      of the Trust Fund. The Floating Rate Certificates shall be initially evidenced
      by one or more Certificates representing a Percentage Interest with a minimum
      dollar denomination of $25,000 and integral dollar multiples of $1.00 in excess
      thereof, provided that such Certificates must be purchased in minimum total
      investments of $100,000 per class, except that one Certificate of each such
      Class of Certificates may be in a different denomination so that the sum of
      the
      denominations of all outstanding Certificates of such Class shall equal the
      Certificate Principal Balance of such Class on the Closing Date. The Class
      P
      Certificates, the Class C Certificates, the Class L Certificates and the
      Residual Certificates are issuable in any Percentage Interests; provided,
      however, that the sum of all such percentages for each such Class totals 100%
      and no more than ten Certificates of each Class may be issued and outstanding
      at
      any one time.

     

    The
      Certificates shall be executed on behalf of the Trust by manual or facsimile
      signature on behalf of the Trustee by a Responsible Officer. Certificates
      bearing the manual or facsimile signatures of individuals who were, at the
      time
      when such signatures were affixed, authorized to sign on behalf of the Trustee
      shall bind the Trust, notwithstanding that such individuals or any of them
      have
      ceased to be so authorized prior to the authentication and delivery of such
      Certificates or did not hold such offices at the date of such Certificate.
      No
      Certificate shall be entitled to any benefit under this Agreement or be valid
      for any purpose, unless such Certificate shall have been manually authenticated
      by the Trustee substantially in the form provided for herein, and such
      authentication 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.
      Subject to Section 5.02(c), the Floating Rate Certificates shall be Book-Entry
      Certificates. The other Classes of Certificates shall not be Book-Entry
      Certificates.

     

    
      	
              SECTION
                5.02  

            	
              Registration
                of Transfer and Exchange of
                Certificates.

            

    

     

    (a)  The
      Certificate Registrar shall cause to be kept at the Corporate Trust Office
      a
      Certificate Register in which, subject to such reasonable regulations as it
      may
      prescribe, the Certificate Registrar shall provide for the registration of
      Certificates and of transfers and exchanges of Certificates as herein provided.
      The Trustee shall initially serve as Certificate Registrar for the purpose
      of
      registering Certificates and transfers and exchanges of Certificates as herein
      provided.

     

    Upon
      surrender for registration of transfer of any Certificate at any office or
      agency of the Certificate Registrar maintained for such purpose pursuant to
      the
      foregoing paragraph which office shall initially be the offices designated
      by
      the Trustee and, in the case of a Residual Certificate, upon satisfaction of
      the
      conditions set forth below, the Trustee on behalf of the Trust shall execute,
      authenticate and deliver, in the name of the designated transferee or
      transferees, one or more new Certificates of the same aggregate Percentage
      Interest.

     

    At
      the
      option of the Certificateholders, Certificates may be exchanged for other
      Certificates in authorized denominations and the same aggregate Percentage
      Interests, upon surrender of the Certificates to be exchanged at any such office
      or agency. Whenever any Certificates are so surrendered for exchange, the
      Trustee shall execute on behalf of the Trust and authenticate and deliver the
      Certificates which the Certificateholder making the exchange is entitled to
      receive. Every Certificate presented or surrendered for registration of transfer
      or exchange shall (if so required by the Trustee or the Certificate Registrar)
      be duly endorsed by, or be accompanied by a written instrument of transfer
      satisfactory to the Trustee and the Certificate Registrar duly executed by,
      the
      Holder thereof or his attorney duly authorized in writing. In addition, (i)
      with
      respect to each Class R Certificate, the holder thereof may exchange, in the
      manner described above, such Class R Certificate for three separate
      certificates, each representing such holder’s respective Percentage Interest in
      the Class R-1 Interest, the Class R-2 Interest and the Class R-3 Interest that
      was evidenced by the Class R Certificate being exchanged and (ii) with respect
      to each Class R-X Certificate, the holder thereof may exchange, in the manner
      described above, such Class R-X Certificate for three separate certificates,
      each representing such holder’s respective Percentage Interest in the Class R-4
      Interest, the Class R-5 Interest and the Class R-6 Interest that was evidenced
      by the Class R-X Certificate being exchanged.

     

    (b)  Except
      as
      provided in paragraph (c) below, the Book-Entry Certificates shall at all times
      remain registered in the name of the Depository or its nominee and at all times:
      (i) registration of such Certificates may not be transferred by the Trustee
      except to another Depository; (ii) the Depository shall maintain book-entry
      records with respect to the Certificate Owners and with respect to ownership
      and
      transfers of such Certificates; (iii) ownership and transfers of registration
      of
      such Certificates on the books of the Depository shall be governed by applicable
      rules established by the Depository; (iv) the Depository may collect its usual
      and customary fees, charges and expenses from its Depository Participants;
      (v)
      the Trustee shall for all purposes deal with the Depository as representative
      of
      the Certificate Owners of the Certificates for purposes of exercising the rights
      of Holders under this Agreement, and requests and directions for and votes
      of
      such representative shall not be deemed to be inconsistent if they are made
      with
      respect to different Certificate Owners; (vi) the Trustee may rely and shall
      be
      fully protected in relying upon information furnished by the Depository with
      respect to its Depository Participants and furnished by the Depository
      Participants with respect to indirect participating firms and Persons shown
      on
      the books of such indirect participating firms as direct or indirect Certificate
      Owners; and (vii) the direct participants of the Depository shall have no rights
      under this Agreement under or with respect to any of the Certificates held
      on
      their behalf by the Depository, and the Depository may be treated by the Trustee
      and its agents, employees, officers and directors as the absolute owner of
      the
      Certificates for all purposes whatsoever.

     

    All
      transfers by Certificate Owners of Book-Entry Certificates shall be made in
      accordance with the procedures established by the Depository Participant or
      brokerage firm representing such Certificate Owners. Each Depository Participant
      shall only transfer Book-Entry Certificates of Certificate Owners that it
      represents or of brokerage firms for which it acts as agent in accordance with
      the Depository’s normal procedures. The parties hereto are hereby authorized to
      execute a Letter of Representations with the Depository or take such other
      action as may be necessary or desirable to register a Book-Entry Certificate
      to
      the Depository. In the event of any conflict between the terms of any such
      Letter of Representation and this Agreement, the terms of this Agreement shall
      control.

     

    (c)  If
      (i)(x)
      the Depository or the Depositor advises the Trustee in writing that the
      Depository is no longer willing or able to discharge properly its
      responsibilities as Depository and (y) the Trustee or the Depositor is unable
      to
      locate a qualified successor or (ii) after the occurrence of a Servicer Event
      of
      Termination, the Certificate Owners of the Book-Entry Certificates representing
      Percentage Interests of such Classes aggregating not less than 51% advise the
      Trustee and Depository through the Financial Intermediaries and the Depository
      Participants in writing that the continuation of a book-entry system through
      the
      Depository to the exclusion of definitive, fully registered certificates (the
      “Definitive Certificates”) to Certificate Owners is no longer in the best
      interests of the Certificate Owners. Upon surrender to the Certificate Registrar
      of the Book-Entry Certificates by the Depository, accompanied by registration
      instructions from the Depository for registration, the Trustee shall, in the
      case of (i) and (ii) above, execute on behalf of the Trust and authenticate
      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, the Trustee, the Certificate Registrar, the Servicer,
      any Paying Agent and the Depositor shall recognize the Holders of the Definitive
      Certificates as Certificateholders hereunder.

     

    (d)  No
      transfer, sale, pledge or other disposition of any Class M-10 Certificate,
      Class
      C Certificate, Class P Certificate, Class L Certificate or Residual Certificate
      (the “Private Certificates”) shall be made unless such disposition is exempt
      from the registration requirements of the 1933 Act, and any applicable state
      securities laws or is made in accordance with the 1933 Act and laws. In the
      event of any such transfer (other than in connection with (i) the initial
      transfer of any such Certificate by the Depositor to an Affiliate of the
      Depositor or, in the case of the Class R-X Certificates, the first transfer
      by
      an Affiliate of the Depositor or the first transfer by the initial transferee
      of
      an Affiliate of the Depositor, (ii) the transfer of any such Class C, Class
      P or
      Residual Certificate to the issuer under the Indenture or the indenture trustee
      under the Indenture or (iii) a transfer of any such Private Certificate from
      the
      issuer under the Indenture or the indenture trustee under the Indenture to
      the
      Depositor or an Affiliate of the Depositor), (x) unless such transfer is made
      in
      reliance upon Rule 144A (as evidenced by the investment letter delivered to
      the
      Trustee, in substantially the form attached hereto as Exhibit J) under the
      1933
      Act, the Trustee and the Depositor shall require a written Opinion of Counsel
      (which may be in-house counsel) acceptable to and in form and substance
      reasonably satisfactory to the Trustee and the Depositor that such transfer
      may
      be made pursuant to an exemption, describing the applicable exemption and the
      basis therefor, from the 1933 Act or is being made pursuant to the 1933 Act,
      which Opinion of Counsel shall not be an expense of the Trustee or the Depositor
      or (y) the Trustee shall require the transferor to execute a transferor
      certificate (in substantially the form attached hereto as Exhibit L) and the
      transferee to execute an investment letter (in substantially the form attached
      hereto as Exhibit J) acceptable to and in form and substance reasonably
      satisfactory to the Depositor and the Trustee certifying to the Depositor and
      the Trustee the facts surrounding such transfer, which investment letter shall
      not be an expense of the Trustee or the Depositor. The Holder of a Private
      Certificate desiring to effect such transfer shall, and does hereby agree to,
      indemnify the Trustee and the Depositor 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.

     

    Notwithstanding
      the foregoing, in the event of any such transfer of any Ownership Interest
      in
      any Private Certificate that is a Book-Entry Certificate, except with respect
      to
      the initial transfer of any such Ownership Interest by the Depositor, such
      transfer shall be required to be made in reliance upon Rule 144A under the
      1933
      Act, and the transferor will be deemed to have made each of the transferor
      representations and warranties set forth in Exhibit L hereto in respect of
      such
      interest as if it was evidenced by a Definitive Certificate and the transferee
      will be deemed to have made each of the transferee representations and
      warranties set forth in Exhibit J hereto in respect of such interest as if
      it
      was evidenced by a Definitive Certificate.  The Certificate Owner of
      any such Ownership Interest in any such Book-Entry Certificate desiring to
      effect such transfer shall, and does hereby agree to, indemnify the Trustee
      and
      the Depositor 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.

     

    Notwithstanding
      the foregoing, no certification or Opinion of Counsel described above in this
      Section 5.02(d) will be required in connection with the transfer, on the Closing
      Date, of any Residual Certificate by the Depositor to an “accredited investor”
within the meaning of Rule 501 of the 1933 Act.

     

    No
      transfer of any Class C Certificate shall be made unless the proposed transferee
      of such Class C Certificate (1) provides to the Trustee and the Swap Provider,
      the appropriate tax certification forms that would eliminate any withholding
      or
      deduction for taxes from amounts payable by the Swap Provider, pursuant to
      the
      Interest Rate Swap Agreement, to the Supplemental Interest Trust Trustee (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 form (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 any Class C Certificate shall
      be made if such transfer would cause the Supplemental Interest Trust to be
      beneficially owned by two or more persons for federal income tax purposes,
      or
      continue to be so treated, unless (i) each proposed transferee of such Class
      C
      Certificate complies with the foregoing conditions, (ii) the proposed majority
      holder of the Class C Certificates (or each holder, if there is or would be
      no
      majority holder) (A) provides, or causes to be provided, on behalf of the
      Supplemental Interest Trust, if applicable, the appropriate tax certification
      form that would be required from the Supplemental Interest Trust, as applicable,
      to eliminate any withholding or deduction for taxes from amounts payable by
      the
      Swap Provider, pursuant to the Interest Rate Swap Agreement, to the Supplemental
      Interest Trust Trustee (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 form (x) upon expiration
      of any such form, (y) as required under then applicable U.S. Treasury
      regulations and (z) promptly upon learning that such form has become obsolete
      or
      incorrect.  If, under applicable U.S. Treasury regulations, such tax
      certification form may only be signed by a trustee acting on behalf of the
      Supplemental Interest Trust, then the Supplemental Interest Trust Trustee,
      as
      applicable, shall sign such certification form if so requested by a holder
      of
      the Class C Certificates.

     

    Upon
      receipt of any tax certification form pursuant to the preceding conditions
      from
      a proposed transferee of any Class C Certificate, the Trustee shall forward
      each
      tax certification form attributable to the Interest Rate Swap Agreement to
      the
      Swap Provider, upon request of the Swap Provider, solely to the extent the
      Swap
      Provider has not received such IRS Form directly from the Holder of the Class
      C
      Certificates.  Each Holder of a Class C Certificate by its purchase of
      such Certificate is deemed to consent to any such IRS Form being so
      forwarded.  Upon the request of the Swap Provider, the Trustee shall
      be required to forward any tax certification received by it to the Swap Provider
      at the last known address provided to it, and, subject to Section 8.01, shall
      not be liable for the receipt of such tax certification by the Swap Provider,
      nor any action taken or not taken by the Swap Provider with respect to such
      tax
      certification.  Any purported sales or transfers of any Class C
      Certificate to a transferee which does not comply with the requirements of
      the
      preceding paragraph shall be deemed null and void under this
      Agreement.  The Trustee shall have no duty to take any action to
      correct any misstatement or omission in any tax certification provided to it
      by
      the Holder of the Class C Certificates and forwarded to the Swap
      Provider.

     

    No
      transfer of a Class C Certificate, Class P Certificate, Class L Certificate
      or
      Residual Certificate or any interest therein shall be made to any Plan, any
      Person acting, directly or indirectly, on behalf of any such Plan or any Person
      acquiring such Certificates with “Plan Assets” of a Plan within the meaning of
      the Department of Labor regulation promulgated at 29 C.F.R. § 2510.3-101 as
      modified by Section 3(42) of ERISA (“Plan Assets”), as certified by such
      transferee in the form of Exhibit M, unless the Trustee is provided with an
      Opinion of Counsel for the benefit of the Depositor, the Trustee and the
      Servicer and on which they may rely which establishes to the satisfaction of
      the
      Trustee that the purchase of such Certificates is permissible under applicable
      law, will not constitute or result in any prohibited transaction under ERISA
      or
      Section 4975 of the Code and will not subject the Depositor, the Servicer,
      the
      Trustee or the Trust Fund to any obligation or liability (including obligations
      or liabilities under ERISA or Section 4975 of the Code) in addition to those
      undertaken in this Agreement, which Opinion of Counsel shall not be an expense
      of the Depositor, the Servicer, the Trustee or the Trust Fund. Neither a
      certification nor an Opinion of Counsel will be required in connection with
      (i)
      the initial transfer of any such Certificate by the Depositor to an Affiliate
      of
      the Depositor, (ii) the transfer of any such Class C Certificate, Class P
      Certificate, Class L Certificate or Residual Certificate to the issuer under
      the
      Indenture or the indenture trustee under the Indenture or (iii) a transfer
      of
      any such Class C Certificate, Class P Certificate, Class L Certificate or
      Residual Certificate from the issuer under the Indenture or the indenture
      trustee under the Indenture to the Depositor or an Affiliate of the Depositor
      (in which case, the Depositor or any Affiliate thereof shall have deemed to
      have
      represented that such Affiliate is not a Plan or a Person investing Plan Assets)
      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 Transferor of the status of such transferee as an affiliate of the
      Depositor.

     

    For
      so
      long as the Supplemental Interest Trust or the Cap Trust is in existence, each
      beneficial owner of a Floating Rate Certificate or any interest therein, shall
      be deemed to have represented, by virtue of its acquisition or holding of the
      Floating Rate 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 (“PTE”) 90-59, as amended by PTE 97-34, PTE 2000-58, PTE
      2002-41 and PTE 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 or the Cap Trust are eligible for the exemptive
      relief available under Prohibited Transaction Class Exemption (“PTCE”) 95-60 or,
      except in the case of a Class M-10 Certificate, 84-14, 91-38, 90-1 or
      96-23.

     

    Subsequent
      to the termination of the Supplemental Interest Trust and the Cap Trust, each
      Transferee of a Mezzanine Certificate will be deemed to have represented by
      virtue of its purchase or holding of such Certificate (or interest therein)
      that
      either (a) such Transferee is not a Plan or purchasing such Certificate with
      Plan Assets, (b) except for the Class M-10 Certificate, it has acquired and
      is
      holding such certificate in reliance on the Exemption, and that it understands
      that there are certain conditions to the availability of the Exemption,
      including that the certificate must be rated, at the time of purchase, not
      lower
      than "BBB-"(or its equivalent) by S&P, Fitch Ratings, Dominion Bond Rating
      Service Limited (known as DBRS Limited), Dominion Bond Rating Service, Inc.
      (known as DBRS, Inc.) or Moody's, and the certificate is so rated or (c) the
      following conditions are satisfied:  (i) such Transferee is an
      insurance company, (ii) the source of funds used to purchase or hold such
      Certificate (or interest therein) is an “insurance company general account” (as
      defined in PTCE 95-60), and (iii) the conditions set forth in Sections I and
      III
      of PTCE 95-60 have been satisfied.

     

    If
      any
      Certificate or any interest therein is acquired or held in violation of the
      provisions of the three preceding paragraphs, 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. Any
      purported beneficial owner whose acquisition or holding of any such Certificate
      or interest therein was effected in violation of the provisions of the three
      preceding paragraphs shall indemnify and hold harmless the Depositor, the
      Servicer, the NIMS Insurer, the Trustee and the Trust from and against any
      and
      all liabilities, claims, costs or expenses incurred by those parties as a result
      of that acquisition or holding.

     

    Each
      Person who has or who acquires any Ownership Interest in a Residual 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
      appointed the Depositor or its designee as its attorney-in-fact to negotiate
      the
      terms of any mandatory sale under clause (v) below and to execute all
      instruments of transfer and to do all other things necessary in connection
      with
      any such sale, and the rights of each Person acquiring any Ownership Interest
      in
      a Residual Certificate are expressly subject to the following
      provisions:

     

    (i)  Each
      Person holding or acquiring any Ownership Interest in a Residual 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.

     

    (ii)  No
      Person
      shall acquire an Ownership Interest in a Residual Certificate unless such
      Ownership Interest is a pro rata undivided interest.

     

    (iii)  In
      connection with any proposed transfer of any Ownership Interest in a Residual
      Certificate, the Trustee shall as a condition to registration of the transfer,
      require delivery to it, in form and substance satisfactory to it, of each of
      the
      following:

     

    (A)  an
      affidavit in the form of Exhibit K hereto from the proposed transferee to the
      effect that such transferee is a Permitted Transferee and that it is not
      acquiring its Ownership Interest in the Residual Certificate that is the subject
      of the proposed transfer as a nominee, trustee or agent for any Person who
      is
      not a Permitted Transferee; and

     

    (B)  a
      covenant of the proposed transferee to the effect that the proposed transferee
      agrees to be bound by and to abide by the transfer restrictions applicable
      to
      the Residual Certificates.

     

    (iv)  Any
      attempted or purported transfer of any Ownership Interest in a Residual
      Certificate in violation of the provisions of this Section shall be absolutely
      null and void and shall vest no rights in the purported transferee. If any
      purported transferee shall, in violation of the provisions of this Section,
      become a Holder of a Residual Certificate, then the prior Holder of such
      Residual Certificate that is a Permitted Transferee shall, upon discovery that
      the registration of transfer of such Residual Certificate was not in fact
      permitted by this Section, be restored to all rights as Holder thereof
      retroactive to the date of registration of transfer of such Residual
      Certificate.  The Trustee shall be under no liability to any Person
      for any registration of transfer of a Residual Certificate that is in fact
      not
      permitted by this Section or for making any distributions due on such Residual
      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 Trustee
      received the documents specified in clause (iii).  The Trustee shall
      be entitled to recover from any Holder of a Residual Certificate that was in
      fact not a Permitted Transferee at the time such distributions were made all
      distributions made on such Residual Certificate. Any such distributions so
      recovered by the Trustee shall be distributed and delivered by the Trustee
      to
      the prior Holder of such Residual Certificate that is a Permitted
      Transferee.

     

    (v)  If
      any
      Person other than a Permitted Transferee acquires any Ownership Interest in
      a
      Residual Certificate in violation of the restrictions in this Section, then
      the
      Trustee shall have the right but not the obligation, without notice to the
      Holder of such Residual Certificate or any other Person having an Ownership
      Interest therein, to notify the Depositor to arrange for the sale of such
      Residual Certificate. The proceeds of such sale, net of commissions (which
      may
      include commissions payable to the Depositor or its affiliates in connection
      with such sale), expenses and taxes due, if any, will be remitted by the Trustee
      to the previous Holder of such Residual Certificate that is a Permitted
      Transferee, except that in the event that the Trustee determines that the Holder
      of such Residual Certificate may be liable for any amount due under this Section
      or any other provisions of this Agreement, the Trustee may withhold a
      corresponding amount from such remittance as security for such claim. The terms
      and conditions of any sale under this clause (v) shall be determined in the
      sole
      discretion of the Trustee and it shall not be liable to any Person having an
      Ownership Interest in a Residual Certificate as a result of its exercise of
      such
      discretion.

     

    (vi)  If
      any
      Person other than a Permitted Transferee acquires any Ownership Interest in
      a
      Residual Certificate in violation of the restrictions in this Section, then
      the
      Trustee upon receipt of reasonable compensation will provide to the Internal
      Revenue Service, and to the persons specified in Sections 860E(e)(3) and (6)
      of
      the Code, information needed to compute the tax imposed under Section 860E(e)(5)
      of the Code on transfers of residual interests to disqualified
      organizations.

     

    The
      foregoing provisions of this Section shall cease to apply to transfers occurring
      on or after the date on which there shall have been delivered to the Trustee
      and
      the NIMS Insurer, in form and substance satisfactory to the Trustee and the
      NIMS
      Insurer, (i) written notification from each Rating Agency that the removal
      of
      the restrictions on transfer set forth in this Section will not cause such
      Rating Agency to downgrade its rating of the Certificates and (ii) an Opinion
      of
      Counsel to the effect that such removal will not cause any REMIC created
      hereunder to fail to qualify as a REMIC.

     

    (e)  No
      service charge shall be made for any registration of transfer or exchange of
      Certificates of any Class, 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 transfer or exchange of Certificates.

     

    All
      Certificates surrendered for registration of transfer or exchange shall be
      canceled by the Certificate Registrar and disposed of pursuant to its standard
      procedures.

     

    
      	
              SECTION
                5.03  

            	
              Mutilated,
                Destroyed, Lost or Stolen
                Certificates.

            

    

     

    If
      (i)
      any mutilated Certificate is surrendered to the Certificate Registrar or the
      Certificate Registrar receives evidence to its satisfaction of the destruction,
      loss or theft of any Certificate and (ii) there is delivered to the Trustee,
      the
      Depositor, the NIMS Insurer and the Certificate Registrar such security or
      indemnity as may be required by them to save each of them harmless, then, in
      the
      absence of notice to the Trustee or the Certificate Registrar that such
      Certificate has been acquired by a bona fide purchaser, the Trustee shall
      execute on behalf of the Trust, 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 Percentage Interest. Upon the issuance of any
      new
      Certificate under this Section, the Trustee or the Certificate Registrar 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 and the Certificate Registrar) in
      connection therewith. Any duplicate Certificate issued pursuant to this Section,
      shall constitute complete and indefeasible evidence of ownership in the Trust,
      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
      Servicer, the Depositor, the Trustee, the NIMS Insurer, the Certificate
      Registrar, any Paying Agent and any agent of the Servicer, the Depositor, the
      Trustee, the NIMS Insurer, the Certificate Registrar or any Paying Agent may
      treat the Person, including a Depository, 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 none of the Servicer, the Trust, the Trustee nor any agent of any of them
      shall be affected by notice to the contrary.

     

    
      	
              SECTION
                5.05  

            	
              Appointment
                of Paying Agent.

            

    

     

    (a)  The
      Paying Agent shall make distributions to Certificateholders from the
      Distribution Account pursuant to Section 4.01 and shall report the amounts
      of
      such distributions to the Trustee. The duties of the Paying Agent may include
      the obligation (i) to withdraw funds from the Collection Account pursuant to
      Section 3.11(a) and for the purpose of making the distributions referred to
      above and (ii) to distribute statements and provide information to
      Certificateholders as required hereunder. The Paying Agent hereunder shall
      at
      all times be an entity duly organized and validly existing under the laws of
      the
      United States of America or any state thereof, authorized under such laws to
      exercise corporate trust powers and subject to supervision or examination by
      federal or state authorities. The Paying Agent shall initially be the Trustee.
      The Trustee may appoint a successor to act as Paying Agent, which appointment
      shall be reasonably satisfactory to the Depositor and the NIMS
      Insurer.

     

    (b)  The
      Trustee shall cause the 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 shall hold all sums, if any, held by it
      for
      payment to the Certificateholders in trust for the benefit of the
      Certificateholders entitled thereto until such sums shall be paid to such
      Certificateholders and shall agree that it shall comply with all requirements
      of
      the Code regarding the withholding of payments in respect of Federal income
      taxes due from Certificate Owners and otherwise comply with the provisions
      of
      this Agreement applicable to it.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      VI

     

    THE
      SERVICER AND THE DEPOSITOR

     

    
      	
              SECTION
                6.01  

            	
              Liability
                of the Servicer and the Depositor.

            

    

     

    The
      Servicer shall be liable in accordance herewith only to the extent of the
      obligations specifically imposed upon and undertaken by the Servicer herein.
      The
      Depositor shall be liable in accordance herewith only to the extent of the
      obligations specifically imposed upon and undertaken by the
      Depositor.

     

    
      	
              SECTION
                6.02  

            	
              Merger
                or Consolidation of, or Assumption of the Obligations of, the Servicer
                or
                the Depositor.

            

    

     

    Any
      entity into which the Servicer or the Depositor may be merged or consolidated,
      or any entity resulting from any merger, conversion or consolidation to which
      the Servicer or the Depositor shall be a party, or any corporation succeeding
      to
      the business of the Servicer or the Depositor, shall be the successor of the
      Servicer or the Depositor, 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 Servicer shall satisfy all the requirements of Section 7.02 with
      respect to the qualifications of a successor Servicer.

     

    
      	
              SECTION
                6.03  

            	
              Limitation
                on Liability of the Servicer and
                Others.

            

    

     

    Neither
      the Servicer nor the Depositor nor any of the directors or officers or employees
      or agents of the Servicer or the Depositor shall be under any liability to
      the
      Trust or the Certificateholders for any action taken or for refraining from
      the
      taking of any action by the Servicer or the Depositor in good faith pursuant
      to
      this Agreement, or for errors in judgment; provided, however, that this
      provision shall not protect the Servicer, the Depositor or any such Person
      against any liability which would otherwise be imposed by reason of its willful
      misfeasance, bad faith or negligence in the performance of duties of the
      Servicer or the Depositor, as the case may be, or by reason of its reckless
      disregard of its obligations and duties of the Servicer or the Depositor, as
      the
      case may be, hereunder.  The Servicer and any director or officer or
      employee or agent of the 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 Servicer and the Depositor, and any
      director or officer or employee or agent of the Servicer or the Depositor,
      shall
      be indemnified by the Trust and held harmless against (i) 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 related to any
      specific Mortgage Loan or Mortgage Loans (except as any such loss, liability
      or
      expense shall be otherwise reimbursable pursuant to this Agreement) and any
      loss, liability or expense incurred by reason of its willful misfeasance, bad
      faith or negligence in the performance of duties hereunder or by reason of
      its
      reckless disregard of obligations and duties hereunder or (ii) any breach of
      a
      representation or warranty by the Originator regarding the Mortgage Loans.
      The
      Servicer or the Depositor may undertake any such action which it may deem
      necessary or desirable in respect of this Agreement, and the rights and duties
      of the parties hereto and the interests of the Certificateholders hereunder.
      In
      such event, the reasonable legal expenses and costs of such action and any
      liability resulting therefrom shall be expenses, costs and liabilities of the
      Trust and the Depositor or the Servicer shall be entitled to be reimbursed
      therefor from the Collection Account as and to the extent provided in Section
      3.11, any such right of reimbursement being prior to the rights of the
      Certificateholders to receive any amount in the Collection Account. The
      Servicer’s right to indemnity or reimbursement pursuant to this Section shall
      survive any resignation or termination of the Servicer pursuant to Section
      6.04
      or 7.01 with respect to any losses, expenses, costs or liabilities arising
      prior
      to such resignation or termination (or arising from events that occurred prior
      to such resignation or termination). This paragraph shall apply to the Servicer
      solely in its capacity as Servicer hereunder and in no other
      capacities.

     

    
      	
              SECTION
                6.04  

            	
              Servicer
                Not to Resign.

            

    

     

    The
      Servicer shall not resign from the obligations and duties hereby imposed on
      it
      except (i) upon determination that its 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 or its subsidiaries
      or
      Affiliates, the other activities of the Servicer so causing such a conflict
      being of a type and nature carried on by the Servicer or its subsidiaries or
      Affiliates at the date of this Agreement or (ii) upon satisfaction of the
      following conditions:  (a) the Servicer has proposed a successor
      servicer to the Trustee and the NIMS Insurer in writing and such proposed
      successor servicer is reasonably acceptable to the Trustee and the NIMS Insurer
      and (b) each Rating Agency shall have delivered a letter to the Trustee and
      the
      NIMS Insurer prior to the appointment of the successor servicer stating that
      the
      proposed appointment of such successor servicer as Servicer hereunder will
      not
      result in the reduction or withdrawal of the then current rating of the
      Certificates; provided, however, that no such resignation by the Servicer shall
      become effective until such successor servicer or, in the case of (i) above,
      the
      Trustee shall have assumed the Servicer’s responsibilities and obligations
      hereunder or the Trustee shall have designated, with the consent of the NIMS
      Insurer, a successor servicer in accordance with Section 7.02. Except as
      expressly provided herein, the 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 Servicer hereunder.
      The
      foregoing prohibition on assignment shall not prohibit the Servicer from
      designating a Sub-Servicer as payee of any indemnification amount payable to
      the
      Servicer hereunder; provided, however, no Sub-Servicer shall be a third-party
      beneficiary hereunder and the parties hereto shall not be required to recognize
      any Subservicer as an indemnitee under this Agreement.

     

    Notwithstanding
      anything to the contrary which may be set forth above, the Trustee and the
      Depositor hereby specifically (i) consent to the pledge and assignment by the
      Servicer of all the Servicer’s right, title and interest in, to and under this
      Agreement to the Servicing Rights Pledgee, for the benefit of certain lenders,
      and (ii) provided that no Servicer Event of Termination exists, agree that
      upon
      delivery to the Trustee by the Servicing Rights Pledgee of a letter signed
      by
      the Servicer whereunder the Servicer shall resign as Servicer under this
      Agreement, the Trustee shall appoint the Servicing Rights Pledgee or its
      designee as successor Servicer, provided that at the time of such appointment,
      the Servicing Rights Pledgee or such designee meets the requirements of a
      successor Servicer pursuant to Section 7.02(a) and agrees to be subject to
      the
      terms of this Agreement.  If, pursuant to any provision hereof, the
      duties of the Servicer are transferred to a successor, the entire amount of
      the
      Servicing Fee and other compensation payable to the Servicer pursuant hereto
      shall thereafter be payable to such successor.

     

    
      	
              SECTION
                6.05  

            	
              Delegation
                of Duties.

            

    

     

    In
      the
      ordinary course of business, the Servicer at any time may delegate any of its
      duties hereunder to any Person, including any of its Affiliates, who agrees
      to
      conduct such duties in accordance with standards comparable to those set forth
      in Section 3.01. Such delegation shall not relieve the Servicer of its
      liabilities and responsibilities with respect to such duties and shall not
      constitute a resignation within the meaning of Section 6.04. Except as provided
      in Section 3.02, no such delegation is permitted that results in the delegee
      subservicing any Mortgage Loans. The Servicer shall provide the Trustee and
      the
      NIMS Insurer with 60 days prior written notice prior to the delegation of any
      of
      its duties to any Person other than any of the Servicer’s Affiliates or their
      respective successors and assigns.

     

    
      	
              SECTION
                6.06  

            	
              [Reserved].

            

    

     

    
      	
              SECTION
                6.07  

            	
              Inspection.

            

    

     

    The
      Servicer, in its capacity as Servicer, shall afford the Trustee and the NIMS
      Insurer, upon reasonable notice, during normal business hours, access to all
      records maintained by the Servicer in respect of its rights and obligations
      hereunder and access to officers of the Servicer responsible for such
      obligations.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      VII

     

    DEFAULT

     

    
      	
              SECTION
                7.01  

            	
              Servicer
                Events of Termination.

            

    

     

    (a)  If
      any
      one of the following events (“Servicer Events of Termination”) shall occur and
      be continuing:

     

    (i)  (A)
      The
      failure by the Servicer to make any Advance; or (B) any other failure by the
      Servicer to deposit in the Collection Account or the Distribution Account any
      deposit required to be made under the terms of this Agreement which continues
      unremedied for a period of one Business Day after the date upon which written
      notice of such failure shall have been given to the Servicer by the Trustee
      or
      to the Servicer and the Trustee by the NIMS Insurer or any Holders of a Regular
      Certificate evidencing at least 25% of the Voting Rights; or

     

    (ii)  The
      failure by the Servicer to make any required Servicing Advance which failure
      continues unremedied for a period of 30 days, or the failure by the Servicer
      duly to observe or perform, in any material respect, any other covenants,
      obligations or agreements of the Servicer as set forth in this Agreement, which
      failure continues unremedied for a period of 30 days (or if such failure or
      breach cannot be remedied within 30 days, then such remedy shall have been
      commenced within 30 days and diligently pursued thereafter; provided, however,
      that in no event shall such failure or breach be allowed to exist for a period
      of greater than 90 days), after the date (A) on which written notice of such
      failure, requiring the same to be remedied, shall have been given to the
      Servicer by the Trustee or to the Trustee by the NIMS Insurer or any Holders
      of
      a Regular Certificate evidencing at least 25% of the Voting Rights or (B) of
      actual knowledge of such failure by a Servicing Officer of the Servicer;
      or

     

    (iii)  The
      entry
      against the Servicer of a decree or order by a court or agency or supervisory
      authority having jurisdiction in the premises for the appointment of a trustee,
      conservator, receiver or liquidator in any insolvency, conservatorship,
      receivership, readjustment of debt, marshalling of assets and liabilities or
      similar proceedings, or for the winding up or liquidation of its affairs, and
      the continuance of any such decree or order unstayed and in effect for a period
      of 60 days; or

     

    (iv)  The
      Servicer shall voluntarily go into liquidation, consent to the appointment
      of a
      conservator or receiver or liquidator or similar person 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 a decree or order of a court or agency
      or
      supervisory authority having jurisdiction in the premises for the appointment
      of
      a conservator, receiver, liquidator or similar person 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 have remained
      in force undischarged, unbonded or unstayed for a period of 60 days; or 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 insolvency
      or
      reorganization statute, make an assignment for the benefit of its creditors
      or
      voluntarily suspend payment of its obligations; or

     

    (v)  The
      failure by the Servicer to duly perform, within the required time period, its
      obligations under Section 3.20 or Section 3.21 of this Agreement;
      or

     

    (vi)  A
      Delinquency Servicer Termination Trigger has occurred and is
      continuing;

     

    (b)  then,
      and
      in each and every such case, so long as a Servicer Event of Termination shall
      not have been remedied within the applicable grace period, (x) with respect
      solely to clause (i)(A) above, if such Advance is not made by 5:00 P.M., New
      York time, on the Business Day immediately following the Servicer Remittance
      Date (provided the Trustee shall give the Servicer notice of such failure to
      advance by 5:00 P.M. New York time on the Servicer Remittance Date), the Trustee
      shall, at the direction of the NIMS Insurer, terminate all of the rights and
      obligations of the Servicer under this Agreement, to the extent permitted by
      law, and in and to the Mortgage Loans and the proceeds thereof and the Trustee,
      or a successor servicer appointed in accordance with Section 7.02, shall
      immediately make such Advance and assume, pursuant to Section 7.02, the duties
      of a successor Servicer and (y) in the case of (i)(B), (ii), (iii), (iv), (v)
      or
      (vi) above, the Trustee shall, at the direction of the Depositor, the NIMS
      Insurer or the Holders of each Class of Regular Certificates evidencing
      Percentage Interests aggregating not less than 51%, by notice then given in
      writing to the Servicer (and to the Trustee if given by the NIMS Insurer or
      the
      Holders of Certificates), terminate all of the rights and obligations of the
      Servicer as servicer under this Agreement. Any such notice to the Servicer
      shall
      also be given to each Rating Agency, the Depositor and the Servicer. On or
      after
      the receipt by the Servicer (and by the Trustee if such notice is given by
      the
      Holders) of such written notice, all authority and power of the Servicer under
      this Agreement, whether with respect to the Certificates or the Mortgage Loans
      or otherwise, shall pass to and be vested in the Trustee pursuant to and under
      this Section; and, without limitation, and the Trustee is hereby authorized
      and
      empowered to execute and deliver, on behalf of the 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 of each Mortgage Loan and related documents or otherwise. The
      Servicer agrees to cooperate with the Trustee (or the applicable successor
      Servicer) in effecting the termination of the responsibilities and rights of
      the
      Servicer hereunder, including, without limitation, the delivery to the Trustee
      of all documents and records requested by it to enable it to assume the
      Servicer’s functions under this Agreement within ten Business Days subsequent to
      such notice, the transfer within one Business Day subsequent to such notice
      to
      the Trustee (or the applicable successor Servicer) for the administration by
      it
      of all cash amounts that shall at the time be held by the Servicer and to be
      deposited by it in the Collection Account, the Distribution Account, any REO
      Account or any Servicing Account or that have been deposited by the Servicer
      in
      such accounts or thereafter received by the Servicer with respect to the
      Mortgage Loans or any REO Property received by the Servicer. All reasonable
      costs and expenses (including attorneys’ fees) incurred in connection with
      transferring the Mortgage Files to the successor Servicer and amending this
      Agreement to reflect such succession as Servicer pursuant to this Section shall
      be paid by the predecessor Servicer (or if the predecessor Servicer is the
      Trustee, the initial Servicer) upon presentation of reasonable documentation
      of
      such costs and expenses and to the extent not paid by the Servicer, by the
      Trust.

     

    
      	
              SECTION
                7.02  

            	
              Trustee
                to Act; Appointment of Successor.

            

    

     

    (a)  From
      the
      time the Servicer (and the Trustee, if notice is sent by the Holders) receives
      a
      notice of termination pursuant to Section 7.01 or 6.04, the Trustee (or such
      other successor Servicer as is approved in accordance with this Agreement)
      shall
      be the successor in all respects to the Servicer in its capacity as servicer
      under this Agreement and the transactions set forth or provided for herein
      and
      shall be subject to all the responsibilities, duties and liabilities relating
      thereto placed on the Servicer by the terms and provisions hereof arising on
      and
      after its succession. Notwithstanding the foregoing, the parties hereto agree
      that the Trustee, in its capacity as successor Servicer, immediately will assume
      all of the obligations of the Servicer to make advances. Notwithstanding the
      foregoing, the Trustee, in its capacity as successor Servicer, shall not be
      responsible for the lack of information and/or documents that it cannot obtain
      through reasonable efforts. It is understood and agreed by the parties hereto
      that there will be a period of transition (not to exceed 90 days) before the
      transition of servicing obligations is fully effective.  As
      compensation therefor, the Trustee (or such other successor Servicer) shall
      be
      entitled to such compensation as the Servicer would have been entitled to
      hereunder if no such notice of termination had been given. Notwithstanding
      the
      above, (i) if the Trustee is unwilling to act as successor Servicer or (ii)
      if
      the Trustee is legally unable so to act, the Trustee shall appoint or petition
      a
      court of competent jurisdiction to appoint, any established housing and home
      finance institution, bank or other mortgage loan or home equity loan servicer
      having a net worth of not less than $50,000,000 as the successor to the Servicer
      hereunder in the assumption of all or any part of the responsibilities, duties
      or liabilities of the Servicer hereunder; provided, that the appointment of
      any
      such successor Servicer shall be approved by the NIMS Insurer (such approval
      not
      to be unreasonably withheld), as evidenced by the prior written consent of
      the
      NIMS Insurer, and will not result in the qualification, reduction or withdrawal
      of the ratings assigned to the Certificates by the Rating Agencies as evidenced
      by a letter to such effect from the Rating Agencies. Pending appointment of
      a
      successor to the Servicer hereunder, the Trustee shall act in such capacity
      as
      hereinabove provided. In connection with such appointment and assumption, the
      successor shall be entitled to receive compensation out of payments on Mortgage
      Loans in an amount equal to the compensation which the Servicer would otherwise
      have received pursuant to Section 3.18 (or such other compensation as the
      Trustee and such successor shall agree, not to exceed the Servicing Fee). The
      appointment of a successor Servicer shall not affect any liability of the
      predecessor Servicer which may have arisen under this Agreement prior to its
      termination as Servicer to pay any deductible under an insurance policy pursuant
      to Section 3.14, to reimburse the Trustee pursuant to Section 3.06 or to
      indemnify the Trustee or the NIMS Insurer pursuant to Section 8.05(c)), nor
      shall any successor Servicer be liable for any acts or omissions of the
      predecessor Servicer or for any breach by such Servicer of any of its
      representations or warranties contained herein or in any related document or
      agreement. The Trustee and such successor shall take such action, consistent
      with this Agreement, as shall be necessary to effectuate any such succession.
      All Servicing Transfer Costs shall be paid by the predecessor Servicer upon
      presentation of reasonable documentation of such costs, and if such predecessor
      Servicer defaults in its obligation to pay such costs, such costs shall be
      paid
      by the successor Servicer or the Trustee (in which case the successor Servicer
      or the Trustee, as applicable, shall be entitled to reimbursement therefor
      from
      the assets of the Trust).

     

    (b)  In
      the
      event of a Servicer Event of Termination, notwithstanding anything to the
      contrary above, the Trustee and the Depositor hereby agree that upon delivery
      to
      the Trustee by the Servicing Rights Pledgee of a letter signed by the Servicer
      within ten Business Days of when notification of such event shall have been
      provided to the Trustee, whereunder the Servicer shall resign as Servicer under
      this Agreement, the Servicing Rights Pledgee or its designee shall be appointed
      as successor Servicer (provided that at the time of such appointment the
      Servicing Rights Pledgee or such designee meets the requirements of a successor
      Servicer set forth above) and the Servicing Rights Pledgee agrees to be subject
      to the terms of this Agreement.

     

    (c)  Any
      successor to the Servicer, including the Trustee, shall during the term of
      its
      service as servicer continue to service and administer the Mortgage Loans for
      the benefit of Certificateholders, and maintain in force a policy or policies
      of
      insurance covering errors and omissions in the performance of its obligations
      as
      Servicer hereunder and a fidelity bond in respect of its officers, employees
      and
      agents to the same extent as the Servicer is so required pursuant to Section
      3.14.

     

    
      	
              SECTION
                7.03  

            	
              Waiver
                of Defaults.

            

    

     

    The
      Majority Certificateholders may, on behalf of all Certificateholders and with
      the consent of the NIMS Insurer, waive any events permitting removal of the
      Servicer as servicer pursuant to this Article VII, provided, however, that
      the
      Majority Certificateholders may not waive a default in making a required
      distribution on a Certificate without the consent of the Holder of such
      Certificate and the consent of the NIMS Insurer. Upon any waiver of a past
      default, such default shall cease to exist and any Servicer Event of Termination
      arising therefrom shall be deemed to have been remedied for every purpose of
      this Agreement. No such waiver shall extend to any subsequent or other default
      or impair any right consequent thereto except to the extent expressly so waived.
      Notice of any such waiver shall be given by the Trustee to the Rating Agencies
      and the NIMS Insurer.

     

    
      	
              SECTION
                7.04  

            	
              Notification
                to Certificateholders.

            

    

     

    (a)  Upon
      any
      termination or appointment of a successor to the Servicer pursuant to this
      Article VII or Section 6.04, the Trustee shall give prompt written notice
      thereof to the Certificateholders at their respective addresses appearing in
      the
      Certificate Register, the NIMS Insurer and each Rating Agency.

     

    (b)  No
      later
      than 60 days after the occurrence of any event which constitutes or which,
      with
      notice or a lapse of time or both, would constitute a Servicer Event of
      Termination for five Business Days after a Responsible Officer of the Trustee
      becomes aware of the occurrence of such an event, the Trustee shall transmit
      by
      mail to all Certificateholders and to the NIMS Insurer notice of such occurrence
      unless such default or Servicer Event of Termination shall have been waived
      or
      cured.

     

    
      	
              SECTION
                7.05  

            	
              Survivability
                of Servicer Liabilities.

            

    

     

    Notwithstanding
      anything herein to the contrary, upon termination of the Servicer hereunder,
      any
      liabilities of the Servicer which accrued prior to such termination shall
      survive such termination.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    ARTICLE
      VIII

     

    THE
      TRUSTEE

     

    
      	
              SECTION
                8.01  

            	
              Duties
                of Trustee.

            

    

     

    The
      Trustee, prior to the occurrence of a Servicer Event of Termination and after
      the curing of all Servicer Events of Termination which may have occurred,
      undertakes to perform such duties and only such duties as are specifically
      set
      forth in this Agreement. If a Servicer Event of Termination has occurred (which
      has not been cured) of which a Responsible Officer has knowledge, 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.

     

    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 conform to the
      requirements of this Agreement; provided, however, that the Trustee will not
      be
      responsible for the accuracy or content of any such resolutions, certificates,
      statements, opinions, reports, documents or other instruments. 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 and the NIMS Insurer.

     

    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 misconduct; provided, however, that:

     

    (i)  prior
      to
      the occurrence of a Servicer Event of Termination, and after the curing of
      all
      such Servicer Events of Termination 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;

     

    (ii)  the
      Trustee shall not be personally liable for an error of judgment made in good
      faith by a Responsible Officer of the Trustee, unless it shall be proved that
      the Trustee was negligent in ascertaining the pertinent facts;

     

    (iii)  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 the NIMS Insurer or the Majority Certificateholders relating to
      the
      time, method and place of conducting any proceeding for any remedy available
      to
      the Trustee, or exercising or omitting to exercise any trust or power conferred
      upon the Trustee, under this Agreement; and

     

    (iv)  the
      Trustee shall not be charged with knowledge of any failure by the Servicer
      to
      comply with the obligations of the Servicer referred to in clauses (i) and
      (ii)
      of Section 7.01(a) or of the existence of any Servicer Event of Termination
      unless a Responsible Officer of the Trustee at the Corporate Trust Office
      obtains actual knowledge of such failure or the Trustee receives written notice
      of such failure from the Depositor, the Servicer, the NIMS Insurer or the
      Majority Certificateholders.

     

    The
      Trustee shall not be required to expend or risk its own funds or otherwise
      incur
      financial liability in the performance of any of its duties hereunder, or in
      the
      exercise of any of its rights or powers, if there is reasonable ground for
      believing that 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 Servicer under this 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 Servicer in accordance with the terms of this
      Agreement.

     

    
      	
              SECTION
                8.02  

            	
              Certain
                Matters Affecting the Trustee.

            

    

     

    (a)  Except
      as
      otherwise provided in Section 8.01:

     

    (i)  the
      Trustee may request and rely upon, and shall be protected in acting or
      refraining from acting 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, and the manner of obtaining consents and of
      evidencing the authorization of the execution thereof by Certificateholders
      shall be subject to such reasonable regulations as the Trustee may
      prescribe;

     

    (ii)  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 with such Opinion
      of
      Counsel;

     

    (iii)  the
      Trustee shall be under no obligation to exercise any of the rights or powers
      vested in it by 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 or the NIMS Insurer, pursuant to the provisions
      of this Agreement, unless such Certificateholders or the NIMS Insurer, as
      applicable, shall have offered to the Trustee reasonable security or indemnity
      against the costs, expenses and liabilities which may be incurred therein or
      thereby; 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 any such act;

     

    (iv)  the
      Trustee shall not be personally 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;

     

    (v)  prior
      to
      the occurrence of a Servicer Event of Termination and after the curing of all
      Servicer Events of Termination 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 documents, unless
      requested in writing to do so by the NIMS Insurer or the Majority
      Certificateholder; 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 cost,
      expense or liability as a condition to such proceeding. The reasonable expense
      of every such examination shall be paid by the Servicer or the NIMS Insurer
      (if
      requested by the NIMS Insurer) or, if paid by the Trustee, shall be reimbursed
      by the Servicer or the NIMS Insurer (if requested by the NIMS Insurer) upon
      demand and, if not reimbursed by the Servicer or the NIMS Insurer (if requested
      by the NIMS Insurer), shall be reimbursed by the Trust. Nothing in this clause
      (v) shall derogate from the obligation of the Servicer to observe any applicable
      law prohibiting disclosure of information regarding the Mortgagors;

     

    (vi)  the
      Trustee shall not be accountable, shall have no liability and makes no
      representation as to any acts or omissions hereunder of the Servicer until
      such
      time as the Trustee may be required to act as Servicer pursuant to Section
      7.02
      and thereupon only for the acts or omissions of the Trustee as successor
      Servicer;

     

    (vii)  the
      Trustee may execute any of the trusts or powers hereunder or perform any duties
      hereunder either directly or by or through agents or attorneys, custodians
      or
      nominees;

     

    (viii)  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;

     

    (ix)  the
      Trustee shall not be personally liable for any loss resulting from the
      investment of funds held in the Collection Account or the REO Account made
      at
      the direction of the Servicer pursuant to Section 3.12; and

     

    (x)  the
      Trustee or its Affiliates are permitted to receive 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.  Such
      compensation shall not be considered an amount that is reimbursable or payable
      pursuant to Section 3.11.

     

    In
      order
      to comply with its duties under the U.S. Patriot Act, the Trustee shall obtain
      and verify certain information and documentation from the other parties hereto,
      including, but not limited to, such parties’ name, address and other identifying
      information.

     

    
      	
              SECTION
                8.03  

            	
              Trustee
                Not Liable for Certificates or Mortgage
                Loans.

            

    

     

    The
      recitals contained herein and in the Certificates (other than the authentication
      of the Trustee on the Certificates) shall be taken as the statements of the
      Depositor, and the Trustee assumes no responsibility for the correctness of
      the
      same. The Trustee makes no representations 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 other than with respect to the Trustee’s execution and
      authentication of the Certificates. The Trustee shall not be accountable for
      the
      use or application by the Servicer, or for the use or application of any funds
      paid to the Servicer in respect of the Mortgage Loans or deposited in or
      withdrawn from the Collection Account by the Servicer. The Trustee shall at
      no
      time have any responsibility or liability for or with respect to the legality,
      validity and enforceability of any Mortgage or any Mortgage Loan, or the
      perfection and priority of any Mortgage or the maintenance of any such
      perfection and priority, or for or with respect to the sufficiency of the Trust
      or its ability to generate the payments to be distributed to Certificateholders
      under this Agreement, including, without limitation: the existence, condition
      and ownership of any Mortgaged Property; the existence and enforceability of
      any
      hazard insurance thereon (other than if the Trustee shall assume the duties
      of
      the Servicer pursuant to Section 7.02); the validity of the assignment of any
      Mortgage Loan to the Trustee or of any intervening assignment; the completeness
      of any Mortgage Loan; the performance or enforcement of any Mortgage Loan (other
      than if the Trustee shall assume the duties of the Servicer pursuant to Section
      7.02); the compliance by the Depositor, the Originator or the Servicer with
      any
      warranty or representation made under this Agreement or in any related document
      or the accuracy of any such warranty or representation prior to the Trustee’s
      receipt of notice or other discovery of any non-compliance therewith or any
      breach thereof; any investment of monies by or at the direction of the Servicer
      or any loss resulting therefrom, it being understood that the Trustee shall
      remain responsible for any Trust property that it may hold in its individual
      capacity; the acts or omissions of any of the Servicer (other than if the
      Trustee shall assume the duties of the Servicer pursuant to Section 7.02),
      any
      Sub-Servicer or any Mortgagor; any action of the Servicer (other than if the
      Trustee shall assume the duties of the Servicer pursuant to Section 7.02),
      or
      any Sub- Servicer taken in the name of the Trustee; the failure of the Servicer
      or any Sub-Servicer to act or perform any duties required of it as agent of
      the
      Trustee hereunder; or any action by the Trustee taken at the instruction of
      the
      Servicer (other than if the Trustee shall assume the duties of the Servicer
      pursuant to Section 7.02); provided, however, that the foregoing shall not
      relieve the Trustee of its obligation to perform its duties under this
      Agreement, including, without limitation, the Trustee’s duty to review the
      Mortgage Files pursuant to Section 2.01. The Trustee shall have no
      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 (unless the Trustee shall
      have
      become the successor Servicer).

     

    
      	
              SECTION
                8.04  

            	
              Trustee
                May Own Certificates.

            

    

     

    The
      Trustee in its individual or any other capacity may become the owner or pledgee
      of Certificates with the same rights as it would have if it were not Trustee
      and
      may transact any banking and trust business with the Originator, the Servicer,
      the Depositor or their Affiliates.

     

    
      	
              SECTION
                8.05  

            	
              Trustee
                Compensation, Custodial Fee and
                Expenses.

            

    

     

    (a)  On
      each
      Distribution Date, prior to making any distributions to Certificateholders,
      the
      Trustee shall withdraw from the Distribution Account and pay to itself the
      Trustee Compensation payable on such Distribution Date consisting of all income
      earned on amounts on deposit in the Distribution Account. The Trustee shall
      be
      provided a copy of the separate fee schedule between the Depositor and the
      Custodian.  The Trustee shall withdraw from the Distribution Account
      on each Distribution Date and pay to the Custodian, the Custodial Fee prior
      to
      making any distributions to Certificateholders.

     

    (b)  The
      Trustee, or any director, officer, employee or agent of the Trustee, shall
      be
      indemnified by the Trust Fund and held harmless against any loss, liability
      or
      expense (not including expenses and disbursements incurred or made by the
      Trustee, including the compensation and the expenses and disbursements of its
      agents and counsel, in the ordinary course of the Trustee’s performance in
      accordance with the provisions of this Agreement) incurred by the Trustee
      arising out of or in connection with the acceptance or administration of its
      obligations and duties under this Agreement, other than any loss, liability
      or
      expense (i) resulting from a breach of the Servicer’s obligations and duties
      under this Agreement for which the Trustee is indemnified under Section 8.05(b)
      or (ii) any loss, liability or expense incurred by reason of willful
      misfeasance, bad faith or negligence of the Trustee in the performance of its
      duties hereunder or by reason of the Trustee’s reckless disregard of obligations
      and duties hereunder or as a result of a breach of the Trustee’s obligations
      under Article X hereof. Any amounts payable to the Trustee, or any director,
      officer, employee or agent of the Trustee, in respect of the indemnification
      provided by this Section 8.05, or pursuant to any other right of reimbursement
      from the Trust Fund that the Trustee, or any director, officer, employee or
      agent of the Trustee, may have hereunder in its capacity as such, may be
      withdrawn by the Trustee from the Distribution Account at any
      time.  The foregoing indemnity shall survive the resignation or
      removal of the Trustee.

     

    (c)  The
      Servicer agrees to indemnify the Trustee, the NIMS Insurer, the Custodian or
      any
      director, officer, employee or agent of the Trustee, the NIMS Insurer or
      Custodian from, and hold it harmless against, any loss, liability or expense
      resulting from a breach of the Servicer’s obligations and duties under this
      Agreement. Such indemnity shall survive the termination or discharge of this
      Agreement and the resignation or removal of the Trustee and the Servicer for
      actions prior to such resignation or removal. Any payment hereunder made by
      the
      Servicer to the Trustee shall be from the Servicer’s own funds, without
      reimbursement from the Trust Fund therefor.

     

    
      	
              SECTION
                8.06  

            	
              Eligibility
                Requirements for Trustee.

            

    

     

    The
      Trustee hereunder shall at all times be an entity duly organized and validly
      existing under the laws of the United States of America or any state thereof,
      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. If such entity 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 8.06, the combined capital and surplus of such entity shall be deemed
      to
      be its combined capital and surplus as set forth in its most recent report
      of
      condition so published. The principal office of the Trustee (other than the
      initial Trustee) shall be in a state with respect to which an Opinion of Counsel
      has been delivered to such Trustee and the NIMS Insurer at the time such Trustee
      is appointed Trustee to the effect that the Trust will not be a taxable entity
      under the laws of such state. In case at any time the Trustee shall cease to
      be
      eligible in accordance with the provisions of this Section 8.06, the Trustee
      shall resign immediately in the manner and with the effect specified in Section
      8.07.

     

    
      	
              SECTION
                8.07  

            	
              Resignation
                or Removal of Trustee.

            

    

     

    The
      Trustee may at any time resign and be discharged from the trusts hereby created
      by giving written notice thereof to the NIMS Insurer, the Depositor, the
      Servicer, the Swap Provider and each Rating Agency. Upon receiving such notice
      of resignation, the Depositor shall promptly appoint a successor Trustee
      acceptable to the NIMS Insurer by written instrument, in duplicate, one copy
      of
      which instrument shall be delivered to the resigning Trustee and one copy to
      the
      successor Trustee. If no successor Trustee shall have been so appointed and
      having accepted appointment within 30 days after the giving of such notice
      of
      resignation, the resigning Trustee may petition any court of competent
      jurisdiction for the appointment of a successor Trustee.

     

    If
      at any
      time the Trustee shall cease to be eligible in accordance with the provisions
      of
      Section 8.06 and shall fail to resign after written request therefor by the
      Depositor or the NIMS Insurer or if at any time the Trustee shall be legally
      unable to act, 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, then the Depositor,
      the
      Servicer or the NIMS Insurer may remove the Trustee. If the Depositor, the
      Servicer or the NIMS Insurer removes the Trustee under the authority of the
      immediately preceding sentence, the Depositor, with the consent of the NIMS
      Insurer, shall promptly appoint a successor Trustee by written instrument,
      in
      duplicate, one copy of which instrument shall be delivered to the Trustee so
      removed and one copy to the successor trustee.

     

    The
      Majority Certificateholders (or the NIMS Insurer upon the failure of the Trustee
      to perform its obligations hereunder) may at any time remove the Trustee by
      written instrument or instruments delivered to the Servicer, the Depositor,
      the
      Swap Provider and the Trustee; the Depositor shall thereupon use its best
      efforts to appoint a successor trustee acceptable to the NIMS Insurer in
      accordance with this Section.

     

    Any
      resignation or removal of the Trustee and appointment of a successor Trustee
      pursuant to any of the provisions of this Section 8.07 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 NIMS Insurer, the Depositor, the Servicer, the
      Swap Provider 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. The Depositor, the Servicer and the
      predecessor Trustee shall execute and deliver such instruments and do such
      other
      things as may reasonably be required for 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 8.08
      unless at the time of such acceptance such successor Trustee shall be eligible
      under the provisions of Section 8.06 and the appointment of such successor
      Trustee shall not result in a downgrading of the Regular Certificates by either
      Rating Agency, as evidenced by a letter from each Rating Agency.

     

    Upon
      acceptance of appointment by a successor Trustee as provided in this Section
      8.08, the successor Trustee shall mail notice of the appointment of a successor
      Trustee hereunder to all Holders of Certificates at their addresses as shown
      in
      the Certificate Register and to each Rating Agency.

     

    Any
      Person appointed as successor trustee pursuant to this Agreement shall also
      be
      required to serve as successor supplemental interest trust trustee under the
      Interest Rate Swap Agreement and as successor cap trustee under the Interest
      Rate Cap Agreement.

     

    
      	
              SECTION
                8.09  

            	
              Merger
                or Consolidation of Trustee.

            

    

     

    Any
      entity into which the Trustee may be merged or converted or with which it may
      be
      consolidated, or any entity resulting from any merger, conversion or
      consolidation to which the Trustee shall be a party, or any entity succeeding
      to
      the business of the Trustee, shall be the successor of the Trustee hereunder,
      provided such entity shall be eligible under the provisions of Section 8.06
      and
      8.08, 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 of this Agreement, at any time, for the purpose of meeting
      any legal requirements of any jurisdiction in which any part of the Trust or
      any
      Mortgaged Property may at the time be located, the Depositor 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 and the
      NIMS
      Insurer 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, and
      to
      vest in such Person or Persons, in such capacity and for the benefit of the
      Certificateholders, such title to the Trust, or any part thereof, and, subject
      to the other provisions of this Section 8.10, such powers, duties, obligations,
      rights and trusts as the Servicer and the Trustee may consider necessary or
      desirable. Any such co-trustee or separate trustee shall be subject to the
      written approval of the Servicer and the NIMS Insurer. If the Servicer and
      the
      NIMS Insurer shall not have joined in such appointment within 15 days after
      the
      receipt by it of a request so to do, or in the case a Servicer Event of
      Termination shall have occurred and be continuing, the Trustee alone shall
      have
      the power to make such appointment. No co-trustee or separate trustee hereunder
      shall be required to meet the terms of eligibility as a successor trustee under
      Section 8.06, and no notice to Certificateholders of the appointment of any
      co-trustee or separate trustee shall be required under Section 8.08. The
      Servicer shall be responsible for the fees of any co-trustee or separate trustee
      appointed hereunder.

     

    Every
      separate trustee and co-trustee shall, to the extent permitted by law, be
      appointed and act subject to the following provisions and
      conditions:

     

    (i)  all
      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 or co-trustee jointly (it being understood that such
      separate trustee or co-trustee is not authorized to act separately without
      the
      Trustee joining in such act), 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 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 or any portion thereof in any such jurisdiction) shall be exercised and
      performed singly by such separate trustee or co-trustee, but solely at the
      direction of the Trustee;

     

    (ii)  no
      trustee hereunder shall be held personally liable by reason of any act or
      omission of any other trustee hereunder; and

     

    (iii)  the
      Servicer and the Trustee, acting jointly and with the consent of the NIMS
      Insurer, may at any time accept the resignation of or remove any separate
      trustee or co-trustee except that following the occurrence of a Servicer Event
      of Termination, the Trustee acting alone may accept the resignation or remove
      any separate trustee or co-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 and a copy thereof given to
      the
      Depositor, the Servicer and the NIMS Insurer.

     

    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.

     

    
      	
              SECTION
                8.11  

            	
              Limitation
                of Liability.

            

    

     

    The
      Certificates are executed by the Trustee, not in its individual capacity but
      solely as Trustee of the Trust, in the exercise of the powers and authority
      conferred and vested in it by this Agreement. Each of the undertakings and
      agreements made on the part of the Trustee in the Certificates is made and
      intended not as a personal undertaking or agreement by the Trustee but is made
      and intended for the purpose of binding only the Trust.

     

    
      	
              SECTION
                8.12  

            	
              Trustee
                May Enforce Claims Without Possession of
                Certificates.

            

    

     

    (a)  All
      rights of action and claims under this Agreement or the Certificates may be
      prosecuted and enforced by the Trustee without the possession of any of the
      Certificates or the production thereof in any proceeding relating thereto,
      and
      such proceeding instituted by the Trustee shall be brought in its own name
      or in
      its capacity as Trustee for the benefit of all Holders of such Certificates,
      subject to the provisions of this Agreement. Any recovery of judgment shall,
      after provision for the payment of the reasonable compensation, expenses,
      disbursement and advances of the Trustee, its agents and counsel, be for the
      ratable benefit of the Certificateholders in respect of which such judgment
      has
      been recovered.

     

    (b)  The
      Trustee shall afford the Originator, the Depositor, the Servicer, the NIMS
      Insurer and each Certificateholder upon reasonable prior 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. Upon request, the Trustee shall furnish the Depositor,
      the Servicer, the NIMS Insurer and any requesting Certificateholder with its
      most recent financial statements. The Trustee shall cooperate fully with the
      Originator, the Servicer, the NIM Insurer, the Depositor and such
      Certificateholder and shall make available to the Originator, the Servicer,
      the
      Depositor, the NIMS Insurer and such Certificateholder for review and copying
      such books, documents or records as may be requested with respect to the
      Trustee’s duties hereunder. The Originator, the Depositor, the Servicer and the
      Certificateholders 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.

     

    
      	
              SECTION
                8.13  

            	
              Suits
                for Enforcement.

            

    

     

    In
      case a
      Servicer Event of Termination or other default by the Servicer or the Depositor
      hereunder shall occur and be continuing, the Trustee, shall, at the direction
      of
      the Majority Certificateholders or the NIMS Insurer, or may, proceed to protect
      and enforce its rights and the rights of the Certificateholders or the NIMS
      Insurer under this Agreement by a suit, action or proceeding in equity or at
      law
      or otherwise, whether for the specific performance of any covenant or agreement
      contained in this Agreement or in aid of the execution of any power granted
      in
      this Agreement or for the enforcement of any other legal, equitable or other
      remedy, as the Trustee, being advised by counsel, and subject to the foregoing,
      shall deem most effectual to protect and enforce any of the rights of the
      Trustee, the NIMS Insurer and the Certificateholders.

     

    
      	
              SECTION
                8.14  

            	
              Waiver
                of Bond Requirement.

            

    

     

    The
      Trustee shall be relieved of, and each Certificateholder hereby waives, any
      requirement of any jurisdiction in which the Trust, or any part thereof, may
      be
      located that the Trustee post a bond or other surety with any court, agency
      or
      body whatsoever.

     

    
      	
              SECTION
                8.15  

            	
              Waiver
                of Inventory, Accounting and Appraisal
                Requirement.

            

    

     

    The
      Trustee shall be relieved of, and each Certificateholder hereby waives, any
      requirement of any jurisdiction in which the Trust, or any part thereof, may
      be
      located that the Trustee file any inventory, accounting or appraisal of the
      Trust with any court, agency or body at any time or in any manner
      whatsoever.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      IX

     

    REMIC
      ADMINISTRATION

     

    
      	
              SECTION
                9.01  

            	
              REMIC
                Administration.

            

    

     

    (a)  REMIC
      elections as set forth in the Preliminary Statement shall be made by the Trustee
      on Form 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. The regular interests and residual interest in each
      REMIC shall be as designated in the Preliminary Statement.

     

    (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.

     

    (c)  The
      Trustee shall pay any and all expenses relating to any tax audit of any REMIC
      (including, but not limited to, any professional fees or any administrative
      or
      judicial proceedings with respect to any Trust REMIC that involve the Internal
      Revenue Service or state tax authorities), including the expense of obtaining
      any tax related Opinion of Counsel.  The Trustee shall be entitled to
      reimbursement of expenses incurred pursuant to this Section 9.01(c) to the
      extent provided in Section 8.05.

     

    (d)  The
      Trustee shall prepare, sign and file, all of the REMICs’ federal and state tax
      and information returns (including Form 8811) as the direct representative
      each
      REMIC created hereunder. The expenses of preparing and filing such returns
      shall
      be borne by the Trustee.

     

    (e)  The
      Holder of the Class R Certificate at any time holding the largest Percentage
      Interest thereof shall be the “tax matters person” as defined in the REMIC
      Provisions (the related “Tax Matters Person”) with respect to REMIC 1, REMIC 2
      and REMIC 3 and shall act as Tax Matters Person for each such
      REMIC.  The Holder of the Class R-X Certificate at any time holding
      the largest Percentage Interest thereof shall be the Tax Matters Person with
      respect to REMIC 4, REMIC 5 and REMIC 6 and shall act as Tax Matters Person
      for
      each such REMIC.  The Trustee, as agent for the Tax Matters Person,
      shall perform on behalf of each REMIC all reporting and other tax compliance
      duties that are the responsibility of such REMIC 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, as agent
      for the Tax Matters Person, 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.  The Trustee,
      as agent for the Tax Matters Person, shall represent each REMIC in any
      administrative or judicial proceedings relating to an examination or audit
      by
      any governmental taxing authority, request an administrative adjustment as
      to
      any taxable year of any REMIC, enter into settlement agreements with any
      government taxing agency, extend any statute of limitations relating to any
      item
      of any REMIC and otherwise act on behalf of any REMIC in relation to any tax
      matter involving the Trust.

     

    (f)  The
      Trustee, the Servicer and the Holders of Certificates shall take any action
      or
      cause the REMIC to take any action necessary to create or maintain the status
      of
      each 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 Servicer
      nor the Holder of any Residual Certificate shall take any action, cause any
      REMIC created hereunder 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 such REMIC as a REMIC or
      (ii)
      result in the imposition of a tax upon 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 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 REMIC created
      hereunder or the assets therein, or causing 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 and the
      Servicer, or their respective designees, in writing, with respect to whether
      such action could cause an Adverse REMIC Event to occur with respect to any
      REMIC, and no such Person shall take any such action or cause any REMIC to
      take
      any such action as to which the Trustee, the NIMS Insurer or the Servicer has
      advised it in writing that an Adverse REMIC Event could occur.

     

    (g)  Each
      Holder of a Residual Certificate shall pay when due any and all taxes imposed
      on
      each REMIC created hereunder 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 the REMICs
      or, if no such amounts are available, out of other amounts held in the
      Distribution Account, and shall reduce amounts otherwise payable to Holders
      of
      regular interests in the related REMIC.  Subject to the foregoing, in
      the event that a REMIC incurs a state or local tax, including franchise taxes,
      as a result of a determination that such REMIC is domiciled in the State of
      California for state tax purposes by virtue of the location of the Servicer,
      the
      Servicer agrees to pay on behalf of such REMIC when due, any and all state
      and
      local taxes imposed as a result of such a determination, in the event that
      the
      Holder of the related Residual Certificate fails to pay such taxes, if any,
      when
      imposed.

     

    (h)  The
      Trustee, as agent for the Tax Matters Person, shall, for federal income tax
      purposes, maintain books and records with respect to each REMIC created
      hereunder on a calendar year and on an accrual basis.

     

    (i)  No
      additional contributions of assets shall be made to any REMIC created hereunder,
      except as expressly provided in this Agreement with respect to eligible
      substitute mortgage loans.

     

    (j)  Neither
      the Trustee nor the Servicer shall enter into any arrangement by which any
      REMIC
      created hereunder will receive a fee or other compensation for
      services.

     

    (k)  [Reserved].

     

    (l)  The
      Trustee will apply for an Employee Identification Number from the Internal
      Revenue Service via a Form SS-4 or other acceptable method for all tax entities
      and shall complete the Form 8811.

     

    
      	
              SECTION
                9.02  

            	
              Prohibited
                Transactions and Activities.

            

    

     

    Neither
      the Depositor, the 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 any REMIC created hereunder pursuant to Article X
      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
      Distribution Account for gain, nor accept any contributions to either REMIC
      after the Closing Date, unless it and the NIMS Insurer have received an Opinion
      of Counsel (at the expense of the party causing such sale, disposition, or
      substitution) that such disposition, acquisition, substitution, or acceptance
      will not (a) affect adversely the status of any REMIC created hereunder as
      a
      REMIC or of the interests therein 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 any REMIC created hereunder to be subject to a tax on prohibited
      transactions or prohibited contributions pursuant to the REMIC
      Provisions.

     

    
      	
              SECTION
                9.03  

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

            

    

     

    (a)  In
      the
      event that any 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 Servicer of its duties and obligations set forth herein,
      the
      Servicer shall indemnify the NIMS Insurer, the Trustee and the Trust Fund
      against any and all losses, claims, damages, liabilities or expenses (“Losses”)
      resulting from such negligence; provided, however, that the Servicer shall
      not
      be liable for any such Losses attributable to the action or inaction of the
      Trustee, the Depositor or the Holder of such Residual Certificate, as
      applicable, nor for any such Losses resulting from misinformation provided
      by
      the Holder of such Residual Certificate on which the Servicer 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 Servicer
      have any liability (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 Servicer 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).

     

    (b)  In
      the
      event that any 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 Trust Fund against any and all 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 Servicer, the
      Depositor or the Holder of such Residual Certificate, as applicable, nor for
      any
      such Losses resulting from misinformation provided by 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 (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).

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      X

     

    TERMINATION

     

    
      	
              SECTION
                10.01  

            	
              Termination.

            

    

     

    (a)  The
      respective obligations and responsibilities of the Servicer, the Depositor
      and
      the Trustee created hereby (other than the obligation of the Trustee to make
      certain payments to Certificateholders after the final Distribution Date and
      the
      obligation of the Servicer to send certain notices as hereinafter set forth)
      shall terminate upon notice to the Trustee upon the earliest of (i) the
      Distribution Date on which the Certificate Principal Balances of the Regular
      Certificates have been reduced to zero, (ii) the final payment or other
      liquidation of the last Mortgage Loan in the Trust, (iii) the optional purchase
      by the Terminator of the Mortgage Loans as described below and (iv) the
      Distribution Date in July 2037.  Notwithstanding the foregoing, in no
      event shall the trust 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.

     

    The
      Servicer (in such context, the “Terminator”), may, at its option, terminate this
      Agreement on any date on which the aggregate Stated Principal Balance of the
      Mortgage Loans (after giving effect to scheduled payments of principal due
      during the related Due Period, to the extent received or advanced, and
      unscheduled collections of principal received during the related Prepayment
      Period) on such date is equal to or less than 10% of the aggregate Stated
      Principal Balance of the Mortgage Loans as of the Cut-off Date, by purchasing,
      on the next succeeding Distribution Date, all of the outstanding Mortgage Loans
      and REO Properties at a price equal to the greater of (i) the Stated Principal
      Balance of the Mortgage Loans (after giving effect to scheduled payments of
      principal due during the related Due Period, to the extent received or advanced,
      and unscheduled collections of principal received during the related Prepayment
      Period) and the appraised value of the REO Properties and (ii) fair market
      value
      of the Mortgage Loans and REO Properties (as determined and as agreed upon
      in
      their good faith business judgment (determined as provided in the last sentence
      of this paragraph) as of the Close of Business on the third Business Day next
      preceding the date upon which notice of any such termination is furnished to
      the
      related Certificateholders pursuant to Section 10.01(c) by (x) the Terminator,
      (y) the Holders of a majority in Percentage Interest in the Class C Certificates
      and (z) if the Floating-Rate Certificates will not receive all amounts owed
      to
      it as a result of the termination, the Trustee (provided that if this clause
      (z)
      applies to such determination, such determination shall, notwithstanding
      anything to the contrary herein, be based solely upon an appraisal obtained
      as
      provided in the last sentence of this paragraph)), plus accrued and unpaid
      interest thereon at the weighted average of the Mortgage Rates through the
      end
      of the Due Period preceding the final Distribution Date plus unreimbursed
      Servicing Advances, Advances, any unpaid Servicing Fees allocable to such
      Mortgage Loans and REO Properties, any accrued and unpaid Net WAC Rate Carryover
      Amounts and any Swap Termination Payment payable to the Swap Provider (the
      “Termination Price”); provided, however, such option may only be exercised if
      the Termination Price is sufficient to result in the payment of all interest
      accrued on, as well as amounts necessary to retire the principal balance of,
      each class of notes issued pursuant to the Indenture and any amounts owed to
      the
      NIMS Insurer (as it notifies the Trustee and Servicer in writing).  If
      the determination of the fair market value of the Mortgage Loans and REO
      Properties shall be required to be made and agreed upon by the Terminator,
      the
      Holders of a majority in Percentage Interest in the Class C Certificates and
      the
      Trustee as provided in (ii) above in their good faith business judgment, such
      determination shall be based on an appraisal of the value of the Mortgage Loans
      and REO Properties conducted by an independent appraiser mutually agreed upon
      by
      the Terminator, the Holders of a majority in Percentage Interest in the Class
      C
      Certificates and the Trustee in their reasonable discretion, and (A) such
      appraisal shall be obtained at no expense to the Trustee and (B) notwithstanding
      anything to the contrary above, the Trustee may solely and conclusively rely
      on,
      and shall be protected in relying on, such appraisal in making such
      determination.

     

    By
      acceptance of a Residual Certificate, the Holders of the Residual Certificates
      agree, in connection with any termination hereunder, to assign and transfer
      any
      amounts in excess of par, and to the extent received in respect of such
      termination, to pay any such amounts to the Holders of the Class R
      Certificates.

     

    (b)  In
      connection with any termination pursuant to this Section 10.01:

     

    (i)  At
      least
      twenty (20) days prior to the latest date on which notice of such optional
      termination is required to be mailed to the Certificateholders, the Terminator
      shall notify in writing (which may be done in electronic format) the Swap
      Provider and the Trustee of the final Distribution Date on which the Terminator
      intends to terminate the Trust Fund;

     

    (ii)  No
      later
      than 4:00 pm (New York City time) four (4) Business Days prior to the final
      Distribution Date specified in the notices required pursuant to Section 10.01,
      the Swap Provider shall notify in writing (in accordance with the applicable
      provisions of the Interest Rate Swap Agreement) (which may be done in electronic
      format) and by phone, the Terminator and the Trustee of the amount of the
      Estimated Swap Termination Payment; and

     

    (iii)  Three
      (3)
      Business Days prior to the final Distribution Date specified in the notices
      required pursuant to Sections 10.01, (x) the Terminator shall, no later than
      1:00 pm (New York City time) on such day, deliver to the Trustee and the Trustee
      shall deposit funds in the Distribution Account in an amount equal to the sum
      of
      the Termination Price (which shall be based on the Estimated Swap Termination
      Payment), and (y) if the Trustee shall have received an Officer’s Certificate
      stating that all of the requirements for Optional Termination have been met,
      including without limitation the deposit required pursuant to the immediately
      preceding clause (x) as well as the requirements specified in Section 10.01,
      then the Trustee shall, on the same Business Day, provide written notice (which
      may be done in electronic format) to the Terminator and the Swap Provider (in
      accordance with the applicable provision of the Interest Rate Swap Agreement)
      confirming (a) its receipt of the Termination Price (which shall be based on
      the
      Estimated Swap Termination Payment), and (b) that all other requirements
      specified in Section 10.01 have been met (the “Optional Termination
      Notice”).  Upon the delivery of the Optional Termination Notice by the
      Trustee pursuant to the preceding sentence, (i) the optional termination shall
      become irrevocable, (ii) the notice to Certificateholders of such optional
      termination provided pursuant to Section 10.01 shall become unrescindable,
      (iii)
      the Swap Provider shall determine the Swap Termination Payment in accordance
      with the Interest Rate Swap Agreement (which shall not exceed the Estimated
      Swap
      Termination Payment), and (iv) the Swap Provider shall provide to the Trustee
      written notice of the amount of the Swap Termination Payment not later than
      two
      (2) Business Days prior to the final Distribution Date specified in the notices
      required pursuant to Sections 10.01.

     

    Upon
      a
      termination pursuant to this Section 10.01, the Trustee shall assign to the
      Terminator each of the representations and warranties made by the Originator
      and
      the Seller pursuant to the Master Agreement and the Assignment Agreement,
      without recourse, representation or warranty.

     

    In
      connection with any such purchase pursuant to this Section 10.01, the Terminator
      shall deposit in the Distribution Account all amounts then on deposit in the
      Collection Account, which deposit shall be deemed to have occurred immediately
      preceding such purchase.

     

    Any
      such
      purchase shall be accomplished by deposit into the Distribution Account on
      the
      Determination Date before such Distribution Date of the Termination
      Price.

     

    (c)  Notice
      of
      any termination, specifying the Distribution Date (which shall be a date that
      would otherwise be a Distribution Date) upon which the Certificateholders may
      surrender their Certificates to the Trustee for payment of the final
      distribution and cancellation, shall be given promptly by the Trustee upon
      the
      Trustee receiving notice of such date from the Terminator, by letter to the
      Certificateholders mailed not earlier than the 15th day and
      not later
      than the 25th
      day of the month next preceding the month of such final distribution specifying
      (1) the Distribution Date upon which final distribution of the Certificates
      will
      be made upon presentation and surrender of such Certificates at the office
      or
      agency of the Trustee therein designated, (2) the amount of any such final
      distribution and (3) that the Record Date otherwise applicable to such
      Distribution Date is not applicable, distributions being made only upon
      presentation and surrender of the Certificates at the office or agency of the
      Trustee therein specified.

     

    (d)  Upon
      presentation and surrender of the Certificates, the Trustee shall cause to
      be
      distributed to the Holders of the Certificates on the Distribution Date for
      such
      final distribution, in proportion to the Percentage Interests of their
      respective Class and to the extent that funds are available for such purpose,
      an
      amount equal to the amount required to be distributed to such Holders in
      accordance with the provisions of Section 4.01 for such Distribution Date.
      By
      acceptance of the Residual Certificates, the Holders of the Residual
      Certificates agree, in connection with any termination hereunder, to assign
      and
      transfer any amounts in excess of the par value of the Mortgage Loans, and
      to
      the extent received in respect of such termination, to pay any such amounts
      to
      the Holders of the Class C Certificates.

     

    (e)  In
      the
      event that all Certificateholders shall not surrender their Certificates for
      final payment and cancellation on or before such final Distribution Date, the
      Trustee shall promptly following such date cause all funds in the Distribution
      Account not distributed in final distribution to Certificateholders to be
      withdrawn therefrom and credited to the remaining Certificateholders by
      depositing such funds in a separate Servicing Account for the benefit of such
      Certificateholders, and the Servicer (if the Servicer has exercised its right
      to
      purchase the Mortgage Loans) or the Trustee (in any other case) 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 nine months after the second notice all the Certificates
      shall not have been surrendered for cancellation, the Residual
      Certificateholders shall be entitled to all unclaimed funds and other assets
      which remain subject hereto, and the Trustee upon transfer of such funds shall
      be discharged of any responsibility for such funds, and the Certificateholders
      shall look to the Residual Certificateholders for payment.

     

    
      	
              SECTION
                10.02  

            	
              Additional
                Termination Requirements.

            

    

     

    (a)  In
      the
      event that the Terminator exercises its purchase option as provided in Section
      10.01, each REMIC shall be terminated in accordance with the following
      additional requirements, unless the Trustee shall have been furnished with
      an
      Opinion of Counsel to the effect that the failure of the Trust to comply with
      the requirements of this Section will not (i) result in the imposition of taxes
      on “prohibited transactions” of the Trust as defined in Section 860F of the Code
      or (ii) cause any REMIC constituting part of the Trust Fund to fail to qualify
      as a REMIC at any time that any Certificates are outstanding:

     

    (i)  Within
      90
      days prior to the final Distribution Date, the Terminator shall adopt and the
      Trustee shall sign a plan of complete liquidation of each REMIC created
      hereunder meeting the requirements of a “Qualified Liquidation” under Section
      860F of the Code and any regulations thereunder; and

     

    (ii)  At
      or
      after the time of adoption of such a plan of complete liquidation and at or
      prior to the final Distribution Date, the Trustee shall sell all of the assets
      of the Trust Fund to the Terminator for cash pursuant to the terms of the plan
      of complete liquidation.

     

    (b)  By
      their
      acceptance of Certificates, the Holders thereof hereby agree to appoint the
      Trustee as their attorney in fact to: (i) adopt such a plan of complete
      liquidation (and the Certificateholders hereby appoint the Trustee as their
      attorney in fact to sign such plan) as appropriate and (ii) to take such other
      action in connection therewith as may be reasonably required to carry out such
      plan of complete liquidation all in accordance with the terms hereof.
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    ARTICLE
      XI

    MISCELLANEOUS
      PROVISIONS

     

    
      	
              SECTION
                11.01  

            	
              Amendment.

            

    

     

    This
      Agreement may be amended from time to time by the Depositor, the Servicer and
      the Trustee with the consent of the NIMS Insurer and without the consent of
      the
      Certificateholders (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 (iii) to make any other provisions with respect to matters
      or questions arising under this Agreement which shall not be inconsistent with
      the provisions of this Agreement; provided that such action shall not, as
      evidenced by either (a) an Opinion of Counsel delivered to the Trustee or (b)
      written notice to the Depositor, the Servicer and the Trustee from each Rating
      Agency that such action 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, adversely affect in any material respect the interests of any
      Certificateholder. No amendment shall be deemed to adversely affect in any
      material respect the interests of any Certificateholder who shall have consented
      thereto, and no Opinion of Counsel or Rating Agency confirmation shall be
      required to address the effect of any such amendment on any such consenting
      Certificateholder.

     

    In
      addition, this Agreement may be amended from time to time by the Depositor,
      the
      Servicer and the Trustee with the consent of the NIMS Insurer, the Swap Provider
      and the Majority Certificateholders 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 Swap Provider or Holders of
      Certificates; provided, however, that no such amendment or waiver shall (x)
      reduce in any manner the amount of, or delay the timing of, payments on the
      Certificates or distributions which are required to be made on any Certificate
      without the consent of the Holder of such Certificate, (y) adversely affect
      in
      any material respect the interests of the Swap Provider or Holders of any Class
      of Certificates (as evidenced by either (i) an Opinion of Counsel delivered
      to
      the Trustee or (ii) written notice to the Depositor, the Servicer and the
      Trustee from each Rating Agency that such action 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) in a manner other than as described
      in clause (x) above, without the consent of the Holders of Certificates of
      such
      Class evidencing at least a 66% Percentage Interest in such Class, or (z) reduce
      the percentage of Voting Rights required by clause (y) above without the consent
      of the Holders of all Certificates of such Class then outstanding. Upon approval
      of an amendment, a copy of such amendment shall be sent to the Rating
      Agencies.

     

    Notwithstanding
      any provision of this Agreement to the contrary, the Trustee shall not consent
      to any amendment to this Agreement unless it shall have first received an
      Opinion of Counsel, delivered by (and at the expense of) the Person seeking
      such
      Amendment and satisfactory to the NIMS Insurer, to the effect that such
      amendment will not result in the imposition of a tax on any REMIC created
      hereunder constituting part of the Trust Fund pursuant to the REMIC Provisions
      or cause any REMIC created hereunder constituting part of the Trust to fail
      to
      qualify as a REMIC at any time that any Certificates are outstanding and that
      the amendment is being made in accordance with the terms hereof.

     

    Notwithstanding
      any of the other provisions of this Section 11.01, none of the parties to this
      Agreement shall enter into any amendment to this Agreement that could reasonably
      be expected to have a material adverse effect on the interests of  the
      Swap Provider hereunder (excluding, for the avoidance of doubt, any amendment
      to
      this Agreement that is entered into solely for the purpose of appointing a
      successor servicer or trustee) without the prior written consent of the Swap
      Provider, which consent shall not be unreasonably withheld, conditioned or
      delayed.

     

    Promptly
      after the execution of any such amendment the Trustee shall furnish, at the
      expense of the Person that requested the amendment if such Person is the
      Servicer (but in no event at the expense of the Trustee), otherwise at the
      expense of the Trust, a copy of such amendment and the Opinion of Counsel
      referred to in the immediately preceding paragraph to the Servicer, the NIMS
      Insurer and each Rating Agency.

     

    It
      shall
      not be necessary for the consent of Certificateholders under this Section 11.01
      to approve the particular form of any proposed amendment; instead 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.

     

    The
      Trustee may, but shall not be obligated to, enter into any amendment pursuant
      to
      this Section 11.01 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 Servicer at the expense
      of
      the Trust, but only upon direction of the Certificateholders accompanied by
      an
      Opinion of Counsel to the effect that such recordation materially and
      beneficially affects the interests of the Certificateholders.

     

    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 together constitute but one and the same
      instrument.

     

    
      	
              SECTION
                11.03  

            	
              Limitation
                on Rights of Certificateholders.

            

    

     

    The
      death
      or incapacity of any Certificateholder shall not (i) operate to terminate this
      Agreement or the Trust, (ii) 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, or (iii)
      otherwise affect the rights, obligations and liabilities of the parties hereto
      or any of them.

     

    Except
      as
      expressly provided for herein, no Certificateholder shall have any right to
      vote
      or in any manner otherwise control the operation and management of the Trust,
      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.

     

    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 written notice of default and of the continuance
      thereof, as hereinbefore provided, and unless also the Holders of Certificates
      entitled to at least 25% 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 15 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 and 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, which priority or preference is not otherwise provided
      for herein, 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 11.03 each and every Certificateholder and the Trustee shall be entitled
      to such relief as can be given either at law or in equity.

     

    
      	
              SECTION
                11.04  

            	
              Governing
                Law; Jurisdiction.

            

    

     

    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. With respect to any claim arising out
      of this Agreement, each party irrevocably submits to the exclusive jurisdiction
      of the courts of the State of New York and the United States District Court
      located in the Borough of Manhattan in The City of New York, and each party
      irrevocably waives any objection which it may have at any time to the laying
      of
      venue of any suit, action or proceeding arising out of or relating hereto
      brought in any such courts, irrevocably waives any claim that any such suit,
      action or proceeding brought in any such court has been brought in any
      inconvenient forum and further irrevocably waives the right to object, with
      respect to such claim, suit, action or proceeding brought in any such court,
      that such court does not have jurisdiction over such party, provided that
      service of process has been made by any lawful means.

     

    
      	
              SECTION
                11.05  

            	
              Notices.

            

    

     

    All
      directions, demands and notices hereunder shall be in writing and shall be
      deemed to have been duly given if personally delivered at or mailed by first
      class mail, postage prepaid, by facsimile or by express delivery service, to
      (a)
      in the case of the Servicer, Option One Mortgage Corporation, 3 Ada, Irvine,
      California 92618, or such other address or telecopy number as may hereafter
      be
      furnished to the Depositor, the NIMS Insurer and the Trustee in writing by
      the
      Servicer, (b) in the case of the Trustee, Wells Fargo Bank, N.A., P.O. Box
      98,
      Columbia, Maryland 21046, Attention: Client Manager—Soundview 2007-OPT2, with a
      copy to Wells Fargo Bank, N.A., 9062 Old Annapolis Road, Columbia, Maryland
      21045-1951, Attention: Soundview Home Loan Trust Series 2007-OPT2, or such
      other
      address or telecopy number as may hereafter be furnished to the Depositor,
      the
      NIMS Insurer and the Servicer in writing by the Trustee, (c) in the case of
      the
      Depositor, Financial Asset Securities Corp., 600 Steamboat Road, Greenwich,
      Connecticut 06830, Attention: Legal, or such other address as may be furnished
      to the Servicer, the NIMS Insurer and the Trustee in writing by the Depositor,
      (d) in the case of the NIMS Insurer, such address furnished to the Depositor,
      the Servicer and the Trustee in writing by the NIMS Insurer, or such other
      address or telecopy number as may hereafter be furnished to the Depositor,
      the
      Servicer and the Trustee in writing by the NIMS Insurer or (e) in the case
      of
      the Swap Provider, Bear Stearns Financial Products, Inc. 383 Madison Avenue,
      36th Floor,
      New
      York, New York 10179, Attention: DPC Manager or such other address or telecopy
      number as may hereafter be furnished to the Depositor, the Servicer and the
      Trustee 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.
      Notice of any Servicer Event of Termination shall be given by telecopy and
      by
      certified mail. Any notice so mailed within the time prescribed in this
      Agreement shall be conclusively presumed to have duly been given when mailed,
      whether or not the Certificateholder receives such notice. A copy of any notice
      required to be telecopied hereunder shall also be mailed to the appropriate
      party in the manner set forth above.

     

    
      	
              SECTION
                11.06  

            	
              Severability
                of Provisions.

            

    

     

    If
      any
      one or more of the covenants, agreements, provisions or terms of this Agreement
      shall for any reason whatsoever be 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  

            	
              Article
                and Section References.

            

    

     

    All
      article and section references used in this Agreement, unless otherwise
      provided, are to articles and sections in this Agreement.

     

    
      	
              SECTION
                11.08  

            	
              Notice
                to the Rating Agencies and the NIMS
                Insurer.

            

    

     

    (a)  Each
      of
      the Trustee and the Servicer shall be obligated to use its best reasonable
      efforts promptly to provide notice to the Rating Agencies, the Swap Provider
      and
      the NIMS Insurer with respect to each of the following of which a Responsible
      Officer of the Trustee or Servicer, as the case may be, has actual
      knowledge:

     

    (i)  any
      material change or amendment to this Agreement;

     

    (ii)  the
      occurrence of any Servicer Event of Termination that has not been cured or
      waived;

     

    (iii)  the
      resignation or termination of the Servicer or the Trustee;

     

    (iv)  the
      final
      payment to Holders of the Certificates of any Class;

     

    (v)  any
      change in the location of any Account; and

     

    (vi)  if
      the
      Trustee is acting as successor Servicer pursuant to Section 7.02 hereof, any
      event that would result in the inability of the Trustee to make
      Advances.

     

    (b)  In
      addition, the Trustee shall promptly make available to each Rating Agency copies
      of each Statement to Certificateholders described in Section 4.03 hereof and
      the
      Servicer shall promptly make available to each Rating Agency copies of the
      following:

     

    (i)  each
      Annual Statement of Compliance described in Section 3.20 hereof;

     

    (ii)  each
      Attestation Report described in Section 3.21 hereof; and

     

    (iii)  each
      notice delivered pursuant to Section 7.01(a) hereof which relates to the fact
      that the Servicer has not made an Advance.

     

    Any
      such
      notice pursuant to this Section 11.08 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) Moody’s Investors
      Service, Inc., 99 Church Street, New York, New York 10007 and (ii) Standard
      & Poor’s, a division of The McGraw-Hill Companies, Inc., 55 Water Street,
      41st Floor, New York, NY 10041, Attention: Residential Mortgage Surveillance
      Group.

     

    
      	
              SECTION
                11.09  

            	
              Further
                Assurances.

            

    

     

    Notwithstanding
      any other provision of this Agreement, neither the Regular Certificateholders
      nor the Trustee shall have any obligation to consent to any amendment or
      modification of this Agreement unless they have been provided reasonable
      security or indemnity against their out-of-pocket expenses (including reasonable
      attorneys’ fees) to be incurred in connection therewith.

     

    
      	
              SECTION
                11.10  

            	
              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

    

    The
      Swap
      Provider shall be an express third-party beneficiary of this Agreement to the
      extent of its express rights to receive any payments under this Agreement or
      any
      other express rights of the Swap
      Provider explicitly stated in this Agreement, and shall have
      the right to enforce such rights under this Agreement as if it were a party
      hereto.

     

    
      	
              SECTION
                11.11  

            	
              Benefits
                of Agreement.

            

    

     

    Nothing
      in this Agreement or in the Certificates, expressed or implied, shall give
      to
      any Person, other than the Certificateholders, the NIMS Insurer and the parties
      hereto and their successors hereunder, any benefit or any legal or equitable
      right, remedy or claim under this Agreement.

     

    
      	
              SECTION
                11.12  

            	
              Acts
                of Certificateholders.

            

    

     

    (a)  Any
      request, demand, authorization, direction, notice, consent, waiver or other
      action provided by this Agreement to be given or taken by the Certificateholders
      may be embodied in and evidenced by one or more instruments of substantially
      similar tenor signed by such Certificateholders in person or by agent duly
      appointed in writing, and such action shall become effective when such
      instrument or instruments are delivered to the Trustee and the Servicer. Such
      instrument or instruments (and the action embodied therein and evidenced
      thereby) are herein sometimes referred to as the “act” of the Certificateholders
      signing such instrument or instruments. Proof of execution of any such
      instrument or of a writing appointing any such agent shall be sufficient for
      any
      purpose of this Agreement and conclusive in favor of the Trustee and the Trust,
      if made in the manner provided in this Section 11.11.

     

    (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
      a notary public or other officer authorized by law to take acknowledgments
      of
      deeds, certifying that the individual signing such instrument or writing
      acknowledged to him the execution thereof. Whenever such execution is by a
      signer acting in a capacity other than his or her individual capacity, such
      certificate or affidavit shall also constitute sufficient proof of his
      authority.

     

    (c)  Any
      request, demand, authorization, direction, notice, consent, waiver or other
      action by any Certificateholder shall bind every future Holder of such
      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 Trust in
      reliance thereon, whether or not notation of such action is made upon such
      Certificate.

     

    
      	
              SECTION
                11.13  

            	
              Intention
                of the Parties and Interpretation.

            

    

     

    Each
      of
      the parties acknowledges and agrees that the purpose of Sections 3.20, 3.21
      and
      4.07 of this Agreement is to facilitate compliance by the Depositor with the
      provisions of Regulation AB promulgated by the SEC under the 1934 Act (17 C.F.R.
      §§ 229.1100-229.1123), as such may be amended from time to time and subject to
      clarification and interpretive advice as may be issued by the staff of the
      SEC
      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 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 Depositor for delivery of additional
      or
      different information as 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.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    IN
      WITNESS WHEREOF, the Depositor, the 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.

     

     

    
      
        	 	 	 	 	 	 	 	
                FINANCIAL
                  ASSET SECURITIES CORP.,

                as
                  Depositor

              
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
                By:

              	
                
                  /s/
                    Patrick Leo

                

              
	 	 	 	 	 	 	 	
                Name:

              	Patrick
                Leo
	 	 	 	 	 	 	 	
                Title:

              	Vice
                President

      

      

         

         

        
          
            	 	 	 	 	 	 	 	
                    
                      OPTION
                        ONE MORTGAGE CORPORATION,

                      as
                        Servicer

                    

                  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
                    By:

                  	
                    
                      /s/
                        William L. O’Neill

                    

                  
	 	 	 	 	 	 	 	
                    Name:

                  	William
                    L. O’Neill
	 	 	 	 	 	 	 	
                    Title:

                  	Senior
                    Vice President

          

        

      

    

     

     

    
       

      
        
          	 	 	 	 	 	 	 	
                  
                    
                      WELLS
                        FARGO BANK, N.A.,

                      as
                        Trustee

                    

                  

                
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
                  By:

                	
                  
                    /s/
                      Graham M. Oglesby

                  

                
	 	 	 	 	 	 	 	
                  Name:

                	Graham
                  M. Oglesby
	 	 	 	 	 	 	 	
                  Title:

                	Vice
                  President

        

      

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              STATE
                OF CONNECTICUT

            	
              )

            	 
	 	
              )
                ss.:

            	 
	
              COUNTY
                OF

            	
              )

            	 

    

    

    On
      the
      ____ day of July, 2007 before me, a notary public in and for said State,
      personally appeared ___________________known to me to be a ____________________
      of Financial Asset Securities Corp., a Delaware corporation that executed the
      within instrument, and also known to me to be the person who executed it on
      behalf of said corporation, and acknowledged to me that such corporation
      executed the within instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

     

    
      	 	 	
              _____________________________

              Notary
                Public 

            

    

    
    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              STATE
                OF CALIFORNIA

            	
              )

            	 
	 	
              )
                ss.:

            	 
	
              COUNTY
                OF ORANGE

            	
              )

            	 

    

    

     

    On
      the____ day of July, 2007 before me, a notary public in and for said State,
      personally appeared ________________________known to me to be a
      ___________________ of Option One Mortgage Corporation, a corporation that
      executed the within instrument, and also known to me to be the person who
      executed it on behalf of said corporation, and acknowledged to me that such
      corporation executed the within instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

     

    
      
        	 	 	
                _____________________________

                Notary
                  Public 

              

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              STATE
                OF

            	
              )

            	 
	 	
              )
                ss.:

            	 
	
              COUNTY
                OF

            	
              )

            	 

    

    

     

    On
      the
      ___ day of July, 2007 before me, a notary public in and for said State,
      personally appeared_______________________, known to me to be
      a(n)________________________  and ________________________, known to
      me to be a(n) ________________________of Wells Fargo Bank, N.A., 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 entity executed the within instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

     

    
      
        	 	 	
                _____________________________

                Notary
                  Public 

              

      

    

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

     EXHIBIT
      A-1

     

    FORM
      OF
      CLASS I-A-1 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST OR THE CAP TRUST ANY
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
      SECURITY ACT OF 1974, AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS SET FORTH IN SECTION 5.02(d) OF THE AGREEMENT.

     

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of
                this Certificate (“Denomination”)

               

            	
              :

               

            	
              $270,982,000.00

               

            
	
              Original
                Class Certificate Principal
                Balance of this Class

               

            	
              :

               

            	
              $270,982,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AA4

               

            
	
              Class

               

            	
              :

               

            	
              I-A-1

               

            
	
              Assumed
                Maturity Date

               

            	
              :

               

            	
              July
                2037

               

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      I-A-1

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class I-A-1 Certificate
      at any time may be less than the Initial Certificate Principal Balance set
      forth
      on the face hereof, as described herein. This Class I-A-1 Certificate does
      not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class I-A-1 Certificate (obtained by dividing the Denomination
      of this Class I-A-1 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of July 1, 2007 (the “Agreement”) among the Depositor, Option
      One Mortgage Corporation, as servicer (the “Servicer”), and Wells Fargo Bank,
      N.A., a national banking association, as trustee (the “Trustee”). To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement. This Class I-A-1 Certificate is issued under and is subject
      to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Class I-A-1 Certificate by virtue of the acceptance hereof
      assents and by which such Holder is bound.

     

    Reference
      is hereby made to the further provisions of this Class I-A-1 Certificate set
      forth on the reverse hereof, which further provisions shall for all purposes
      have the same effect as if set forth at this place.

     

    This
      Class I-A-1 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

     

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class I-A-1 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      (herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    Prior
      to
      the termination of the Supplemental Interest Trust or the Cap Trust any
      transferee of this Certificate who is 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 deemed
      to
      have made the representation made except in accordance with Section 5.02(d)
      of
      the Agreement.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    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:_________________

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
                         Distributions
                shall be made, by wire transfer or otherwise, in immediately
                available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    EXHIBIT
      A-2

     

    FORM
      OF
      CLASS II-A-1 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST OR THE CAP TRUST ANY
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
      SECURITY ACT OF 1974, AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS SET FORTH  IN SECTION 5.02(d) OF THE
      AGREEMENT.

     

    

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of
                this Certificate (“Denomination”)

               

            	
              :

               

            	
              $74,848,000.00

               

            
	
              Original
                Class Certificate Principal
                Balance of this Class

               

            	
              :

               

            	
              $74,848,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AB2

               

            
	
              Class

               

            	
              :

               

            	
              II-A-1

               

            
	
              Assumed
                Maturity Date

               

            	
              :

               

            	
              July
                2037

               

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      II-A-1

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class II-A-1 Certificate
      at any time may be less than the Initial Certificate Principal Balance set
      forth
      on the face hereof, as described herein. This Class II-A-1 Certificate does
      not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class II-A-1 Certificate (obtained by dividing the
      Denomination of this Class II-A-1 Certificate by the Original Class Certificate
      Principal Balance) in certain monthly distributions with respect to a Trust
      consisting primarily of the Mortgage Loans deposited by Financial Asset
      Securities Corp. (the “Depositor”). The Trust was created pursuant to a Pooling
      and Servicing Agreement dated as of July 1, 2007 (the “Agreement”) among the
      Depositor, Option One Mortgage Corporation, as servicer (the “Servicer”), and
      Wells Fargo Bank, N.A., a national banking association, as trustee (the
“Trustee”). To the extent not defined herein, the capitalized terms used herein
      have the meanings assigned in the Agreement. This Class II-A-1 Certificate
      is
      issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class II-A-1 Certificate by
      virtue of the acceptance hereof assents and by which such Holder is
      bound.

     

    Reference
      is hereby made to the further provisions of this Class II-A-1 Certificate set
      forth on the reverse hereof, which further provisions shall for all purposes
      have the same effect as if set forth at this place.

     

    This
      Class II-A-1 Certificate shall not be entitled to any benefit under the
      Agreement or be valid for any purpose unless manually countersigned by an
      authorized signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

     

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class II-A-1 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      (herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    Prior
      to
      the termination of the Supplemental Interest Trust or the Cap Trust any
      transferee of this Certificate who is 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 deemed
      to
      have made the representation made except in accordance with Section 5.02(d)
      of
      the Agreement.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    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:_________________

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-3

     

    FORM
      OF
      CLASS II-A-2 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST OR THE CAP TRUST ANY
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
      SECURITY ACT OF 1974, AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS SET FORTH  IN SECTION 5.02(d) OF THE
      AGREEMENT.

     

    

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of
                this Certificate (“Denomination”)

               

            	
              :

               

            	
              $40,893,000.00

               

            
	
              Original
                Class Certificate Principal
                Balance of this Class

               

            	
              :

               

            	
              $40,893,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AC0

               

            
	
              Class

               

            	
              :

               

            	
              II-A-2

               

            
	
              Assumed
                Maturity Date

               

            	
              :

               

            	
              July
                2037

               

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      II-A-2

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class II-A-2 Certificate
      at any time may be less than the Initial Certificate Principal Balance set
      forth
      on the face hereof, as described herein. This Class II-A-2 Certificate does
      not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class II-A-2 Certificate (obtained by dividing the
      Denomination of this Class II-A-2 Certificate by the Original Class Certificate
      Principal Balance) in certain monthly distributions with respect to a Trust
      consisting primarily of the Mortgage Loans deposited by Financial Asset
      Securities Corp. (the “Depositor”). The Trust was created pursuant to a Pooling
      and Servicing Agreement dated as of July 1, 2007 (the “Agreement”) among the
      Depositor, Option One Mortgage Corporation, as servicer (the “Servicer”), and
      Wells Fargo Bank, N.A., a national banking association, as trustee (the
“Trustee”). To the extent not defined herein, the capitalized terms used herein
      have the meanings assigned in the Agreement. This Class II-A-2 Certificate
      is
      issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class II-A-2 Certificate by
      virtue of the acceptance hereof assents and by which such Holder is
      bound.

     

    Reference
      is hereby made to the further provisions of this Class II-A-2 Certificate set
      forth on the reverse hereof, which further provisions shall for all purposes
      have the same effect as if set forth at this place.

     

    This
      Class II-A-2 Certificate shall not be entitled to any benefit under the
      Agreement or be valid for any purpose unless manually countersigned by an
      authorized signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

     

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class II-A-2 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      (herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    Prior
      to
      the termination of the Supplemental Interest Trust or the Cap Trust any
      transferee of this Certificate who is 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 deemed
      to
      have made the representation made except in accordance with Section 5.02(d)
      of
      the Agreement.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    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:_________________

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-4

     

    FORM
      OF
      CLASS II-A-3 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST OR THE CAP TRUST ANY
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
      SECURITY ACT OF 1974, AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS SET FORTH  IN SECTION 5.02(d) OF THE
      AGREEMENT.

     

    

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of
                this Certificate (“Denomination”)

               

            	
              :

               

            	
              $39,633,000.00

               

            
	
              Original
                Class Certificate Principal
                Balance of this Class

               

            	
              :

               

            	
              $39,633,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AD8

               

            
	
              Class

               

            	
              :

               

            	
              II-A-3

               

            
	
              Assumed
                Maturity Date

               

            	
              :

               

            	
              July
                2037

               

            

    

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      II-A-3

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class II-A-3 Certificate
      at any time may be less than the Initial Certificate Principal Balance set
      forth
      on the face hereof, as described herein. This Class II-A-3 Certificate does
      not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class II-A-3 Certificate (obtained by dividing the
      Denomination of this Class II-A-3 Certificate by the Original Class Certificate
      Principal Balance) in certain monthly distributions with respect to a Trust
      consisting primarily of the Mortgage Loans deposited by Financial Asset
      Securities Corp. (the “Depositor”). The Trust was created pursuant to a Pooling
      and Servicing Agreement dated as of July 1, 2007 (the “Agreement”) among the
      Depositor, Option One Mortgage Corporation, as servicer (the “Servicer”), and
      Wells Fargo Bank, N.A., a national banking association, as trustee (the
“Trustee”). To the extent not defined herein, the capitalized terms used herein
      have the meanings assigned in the Agreement. This Class II-A-3 Certificate
      is
      issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class II-A-3 Certificate by
      virtue of the acceptance hereof assents and by which such Holder is
      bound.

     

    Reference
      is hereby made to the further provisions of this Class II-A-3 Certificate set
      forth on the reverse hereof, which further provisions shall for all purposes
      have the same effect as if set forth at this place.

     

    This
      Class II-A-3 Certificate shall not be entitled to any benefit under the
      Agreement or be valid for any purpose unless manually countersigned by an
      authorized signatory of the Trustee.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

     

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class II-A-3 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      (herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    Prior
      to
      the termination of the Supplemental Interest Trust or the Cap Trust any
      transferee of this Certificate who is 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 deemed
      to
      have made the representation made except in accordance with Section 5.02(d)
      of
      the Agreement.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date the Servicer may purchase, in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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:_________________

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-5

     

    FORM
      OF
      CLASS II-A-4 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST OR THE CAP TRUST ANY
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
      SECURITY ACT OF 1974, AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS SET FORTH  IN SECTION 5.02(d) OF THE
      AGREEMENT.

     

    

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of
                this Certificate (“Denomination”)

               

            	
              :

               

            	
              $12,910,000.00

               

            
	
              Original
                Class Certificate Principal
                Balance of this Class

               

            	
              :

               

            	
              $12,910,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AE6

            
	
              Class

               

            	
              :

               

            	
              II-A-4

               

            
	
              Assumed
                Maturity Date

               

            	
              :

               

            	
              July
                2037

               

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      II-A-4

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class II-A-4 Certificate
      at any time may be less than the Initial Certificate Principal Balance set
      forth
      on the face hereof, as described herein. This Class II-A-4 Certificate does
      not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class II-A-4 Certificate (obtained by dividing the
      Denomination of this Class II-A-4 Certificate by the Original Class Certificate
      Principal Balance) in certain monthly distributions with respect to a Trust
      consisting primarily of the Mortgage Loans deposited by Financial Asset
      Securities Corp. (the “Depositor”). The Trust was created pursuant to a Pooling
      and Servicing Agreement dated as of July 1, 2007 (the “Agreement”) among the
      Depositor, Option One Mortgage Corporation, as servicer (the “Servicer”), and
      Wells Fargo Bank, N.A., a national banking association, as trustee (the
“Trustee”). To the extent not defined herein, the capitalized terms used herein
      have the meanings assigned in the Agreement. This Class II-A-4 Certificate
      is
      issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class II-A-4 Certificate by
      virtue of the acceptance hereof assents and by which such Holder is
      bound.

     

    Reference
      is hereby made to the further provisions of this Class II-A-4 Certificate set
      forth on the reverse hereof, which further provisions shall for all purposes
      have the same effect as if set forth at this place.

     

    This
      Class II-A-4 Certificate shall not be entitled to any benefit under the
      Agreement or be valid for any purpose unless manually countersigned by an
      authorized signatory of the Trustee.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class II-A-4 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      (herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    Prior
      to
      the termination of the Supplemental Interest Trust or the Cap Trust any
      transferee of this Certificate who is 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 deemed
      to
      have made the representation made except in accordance with Section 5.02(d)
      of
      the Agreement.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    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:_________________

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-6

     

    FORM
      OF
      CLASS M-1 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A-1 CERTIFICATES, THE CLASS II-A-1
      CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES AND THE CLASS
      II-A-4 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING
      AGREEMENT REFERRED TO HEREIN.

     

    EACH
      HOLDER OF A CERTIFICATE OR BENEFICIAL OWNERSHIP THEREIN SHALL BE DEEMED TO
      HAVE
      MADE THE REPRESENTATIONS SET FORTH IN SECTION 5.02(d) OF THE AGREEMENT
      .

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

               

            	
              :

               

            	
              $21,078,000.00

               

            
	
              Original
                Class Certificate Principal Balance of this Class

               

            	
              :

               

            	
              $21,078,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AF3

               

            
	
              Class

               

            	
              :

               

            	
              M-1

               

            
	
              Assumed
                Maturity Date

               

            	
              :

               

            	
              July
                2037

               

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      M-1

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-1 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-1 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-1 Certificate (obtained by dividing the Denomination
      of this Class M-1 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of July 1, 2007 (the “Agreement”) among the Depositor, Option
      One Mortgage Corporation, as servicer (the “Servicer”), and Wells Fargo Bank,
      N.A., a national banking association, as trustee (the “Trustee”). To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement. This Class M-1 Certificate is issued under and is subject
      to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Class M-1 Certificate by virtue of the acceptance hereof assents
      and by which such Holder is bound.

     

    Each
      holder of a Certificate or beneficial ownership therein shall be deemed to
      have
      made the representations set forth in Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-1 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-1 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-1 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    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:_________________

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-7

     

    FORM
      OF
      CLASS M-2 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A-1 CERTIFICATES, THE CLASS II-A-1
      CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS II-A-4
      CERTIFICATES AND THE CLASS M-1 CERTIFICATES TO THE EXTENT DESCRIBED IN THE
      POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

     

    EACH
      HOLDER OF A CERTIFICATE OR BENEFICIAL OWNERSHIP THEREIN SHALL BE DEEMED TO
      HAVE
      MADE THE REPRESENTATIONS SET FORTH IN SECTION 5.02(d) OF THE AGREEMENT
      .

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

               

            	
              :

               

            	
              $18,549,000.00

               

            
	
              Original
                Class Certificate Principal Balance of this Class

               

            	
              :

               

            	
              $18,549,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AG1

               

            
	
              Class

               

            	
              :

               

            	
              M-2

               

            
	
              Assumed
                Maturity Date

               

            	
              :

               

            	
              July
                2037

               

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      M-2

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-2 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-2 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-2 Certificate (obtained by dividing the Denomination
      of this Class M-2 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of July 1, 2007 (the “Agreement”) among the Depositor, Option
      One Mortgage Corporation, as servicer (the “Servicer”), and Wells Fargo Bank,
      N.A., a national banking association, as trustee (the “Trustee”). To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement. This Class M-2 Certificate is issued under and is subject
      to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Class M-2 Certificate by virtue of the acceptance hereof assents
      and by which such Holder is bound.

     

    Each
      holder of a Certificate or beneficial ownership therein shall be deemed to
      have
      made the representations set forth in Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-2 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-2 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-2 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    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:_________________

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-8

     

    FORM
      OF
      CLASS M-3 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A-1 CERTIFICATES, THE CLASS II-A-1
      CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS II-A-4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES AND THE CLASS M-2 CERTIFICATES TO
      THE
      EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO
      HEREIN.

     

    EACH
      HOLDER OF A CERTIFICATE OR BENEFICIAL OWNERSHIP THEREIN SHALL BE DEEMED TO
      HAVE
      MADE THE REPRESENTATIONS SET FORTH IN SECTION 5.02(d) OF THE AGREEMENT
      .

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

               

            	
              :

               

            	
              $10,961,000.00

               

            
	
              Original
                Class Certificate Principal Balance of this Class

               

            	
              :

               

            	
              $10,961,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AH9

               

            
	
              Class

               

            	
              :

               

            	
              M-3

               

            
	
              Assumed
                Maturity Date

            	
              :

            	
              July
                2037

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      M-3

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-3 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-3 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-3 Certificate (obtained by dividing the Denomination
      of this Class M-3 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of July 1, 2007 (the “Agreement”) among the Depositor, Option
      One Mortgage Corporation, as servicer (the “Servicer”), and Wells Fargo Bank,
      N.A., a national banking association, as trustee (the “Trustee”). To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement. This Class M-3 Certificate is issued under and is subject
      to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Class M-3 Certificate by virtue of the acceptance hereof assents
      and by which such Holder is bound.

     

    Each
      holder of a Certificate or beneficial ownership therein shall be deemed to
      have
      made the representations set forth in Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-3 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-3 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-3 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date the Servicer may purchase, in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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:_________________

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-9

     

    FORM
      OF
      CLASS M-4 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A-1 CERTIFICATES, THE CLASS II-A-1
      CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS II-A-4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES AND THE
      CLASS M-3 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING
      AGREEMENT REFERRED TO HEREIN.

     

    EACH
      HOLDER OF A CERTIFICATE OR BENEFICIAL OWNERSHIP THEREIN SHALL BE DEEMED TO
      HAVE
      MADE THE REPRESENTATIONS SET FORTH IN SECTION 5.02(d) OF THE AGREEMENT
      .

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

               

            	
              :

               

            	
              $10,398,000.00

               

            
	
              Original
                Class Certificate Principal Balance of this Class

               

            	
              :

               

            	
              $10,398,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AJ5

               

            
	
              Class

               

            	
              :

               

            	
              M-4

               

            
	
              Assumed
                Maturity Date

               

            	
              :

               

            	
              July
                2037

               

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      M-4

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-4 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-4 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-4 Certificate (obtained by dividing the Denomination
      of this Class M-4 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of July 1, 2007 (the “Agreement”) among the Depositor, Option
      One Mortgage Corporation, as servicer (the “Servicer”), and Wells Fargo Bank,
      N.A., a national banking association, as trustee (the “Trustee”). To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement. This Class M-4 Certificate is issued under and is subject
      to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Class M-4 Certificate by virtue of the acceptance hereof assents
      and by which such Holder is bound.

     

    Each
      holder of a Certificate or beneficial ownership therein shall be deemed to
      have
      made the representations set forth in Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-4 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-4 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-4 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    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:_________________

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-10

     

    FORM
      OF
      CLASS M-5 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A-1 CERTIFICATES, THE CLASS II-A-1
      CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS II-A-4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS
      M-3 CERTIFICATES AND THE CLASS M-4 CERTIFICATES TO THE EXTENT DESCRIBED IN
      THE
      POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

     

    EACH
      HOLDER OF A CERTIFICATE OR BENEFICIAL OWNERSHIP THEREIN SHALL BE DEEMED TO
      HAVE
      MADE THE REPRESENTATIONS SET FORTH IN SECTION 5.02(d) OF THE AGREEMENT
      .

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

               

            	
              :

               

            	
              $9,555,000.00

               

            
	
              Original
                Class Certificate Principal Balance of this Class

               

            	
              :

               

            	
              $9,555,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AK2

               

            
	
              Class

               

            	
              :

               

            	
              M-5

               

            
	
              Assumed
                Maturity Date

               

            	
              :

               

            	
              July
                2037

               

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      M-5

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-5 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-5 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-5 Certificate (obtained by dividing the Denomination
      of this Class M-5 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of July 1, 2007 (the “Agreement”) among the Depositor, Option
      One Mortgage Corporation, as servicer (the “Servicer”), and Wells Fargo Bank,
      N.A., a national banking association, as trustee (the “Trustee”). To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement. This Class M-5 Certificate is issued under and is subject
      to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Class M-5 Certificate by virtue of the acceptance hereof assents
      and by which such Holder is bound.

     

    Each
      holder of a Certificate or beneficial ownership therein shall be deemed to
      have
      made the representations set forth in Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-5 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-5 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-5 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    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:_________________

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    EXHIBIT
      A-11

     

    FORM
      OF
      CLASS M-6 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A-1 CERTIFICATES, THE CLASS II-A-1
      CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS II-A-4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS
      M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES AND THE CLASS M-5 CERTIFICATES
      TO
      THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO
      HEREIN.

     

    EACH
      HOLDER OF A CERTIFICATE OR BENEFICIAL OWNERSHIP THEREIN SHALL BE DEEMED TO
      HAVE
      MADE THE REPRESENTATIONS SET FORTH IN SECTION 5.02(d) OF THE AGREEMENT
      .

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

               

            	
              :

               

            	
              $9,274,000.00

               

            
	
              Original
                Class Certificate Principal Balance of this Class

               

            	
              :

               

            	
              $9,274,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AL0

            
	
              Class

               

            	
              :

               

            	
              M-6

               

            
	
              Assumed
                Maturity Date

               

            	
              :

               

            	
              July
                2037

               

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      M-6

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-6 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-6 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-6 Certificate (obtained by dividing the Denomination
      of this Class M-6 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of July 1, 2007 (the “Agreement”) among the Depositor, Option
      One Mortgage Corporation, as servicer (the “Servicer”), and Wells Fargo Bank,
      N.A., a national banking association, as trustee (the “Trustee”). To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement. This Class M-6 Certificate is issued under and is subject
      to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Class M-6 Certificate by virtue of the acceptance hereof assents
      and by which such Holder is bound.

     

    Each
      holder of a Certificate or beneficial ownership therein shall be deemed to
      have
      made the representations set forth in Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-6 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-6 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-6 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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:_________________

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    EXHIBIT
      A-12

     

    FORM
      OF
      CLASS M-7 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A-1 CERTIFICATES, THE CLASS II-A-1
      CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS II-A-4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS
      M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES AND
      THE
      CLASS M-6 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING
      AGREEMENT REFERRED TO HEREIN.

     

    EACH
      HOLDER OF A CERTIFICATE OR BENEFICIAL OWNERSHIP THEREIN SHALL BE DEEMED TO
      HAVE
      MADE THE REPRESENTATIONS SET FORTH IN SECTION 5.02(d) OF THE AGREEMENT
      .

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

               

            	
              :

               

            	
              $8,712,000.00

               

            
	
              Original
                Class Certificate Principal Balance of this Class

               

            	
              :

               

            	
              $8,712,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AM8

               

            
	
              Class

               

            	
              :

               

            	
              M-7

               

            
	
              Assumed
                Maturity Date

               

            	
              :

               

            	
              July
                2037

               

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      M-7

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-7 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-7 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-7 Certificate (obtained by dividing the Denomination
      of this Class M-7 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of July 1, 2007 (the “Agreement”) among the Depositor, Option
      One Mortgage Corporation, as servicer (the “Servicer”), and Wells Fargo Bank,
      N.A., a national banking association, as trustee (the “Trustee”). To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement. This Class M-7 Certificate is issued under and is subject
      to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Class M-7 Certificate by virtue of the acceptance hereof assents
      and by which such Holder is bound.

     

    Each
      holder of a Certificate or beneficial ownership therein shall be deemed to
      have
      made the representations set forth in Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-7 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-7 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-7 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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:_________________

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-13

     

    FORM
      OF
      CLASS M-8 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A-1 CERTIFICATES, THE CLASS II-A-1
      CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS II-A-4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS
      M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE
      CLASS M-6 CERTIFICATES AND THE CLASS M-7 CERTIFICATES TO THE EXTENT DESCRIBED
      IN
      THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

     

    EACH
      HOLDER OF A CERTIFICATE OR BENEFICIAL OWNERSHIP THEREIN SHALL BE DEEMED TO
      HAVE
      MADE THE REPRESENTATIONS SET FORTH IN SECTION 5.02(d) OF THE AGREEMENT
      .

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

               

            	
              :

               

            	
              $7,026,000.00

               

            
	
              Original
                Class Certificate Principal Balance of this Class

               

            	
              :

               

            	
              $7,026,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AN6

            
	
              Class

               

            	
              :

               

            	
              M-8

               

            
	
              Assumed
                Maturity Date

               

            	
              :

               

            	
              July
                2037

               

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      M-8

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-8 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-8 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-8 Certificate (obtained by dividing the Denomination
      of this Class M-8 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of July 1, 2007 (the “Agreement”) among the Depositor, Option
      One Mortgage Corporation, as servicer (the “Servicer”), and Wells Fargo Bank,
      N.A., a national banking association, as trustee (the “Trustee”). To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement. This Class M-8 Certificate is issued under and is subject
      to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Class M-8 Certificate by virtue of the acceptance hereof assents
      and by which such Holder is bound.

     

    Each
      holder of a Certificate or beneficial ownership therein shall be deemed to
      have
      made the representations set forth in Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-8 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-8 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-8 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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:_________________

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-14

     

    FORM
      OF
      CLASS M-9 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A-1 CERTIFICATES, THE CLASS II-A-1
      CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS II-A-4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS
      M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE
      CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES AND THE CLASS M-8
      CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT
      REFERRED TO HEREIN.

     

    EACH
      HOLDER OF A CERTIFICATE OR BENEFICIAL OWNERSHIP THEREIN SHALL BE DEEMED TO
      HAVE
      MADE THE REPRESENTATIONS SET FORTH IN SECTION 5.02(d) OF THE AGREEMENT
      .

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

               

            	
              :

               

            	
              $5,340,000.00

               

            
	
              Original
                Class Certificate Principal Balance of this Class

               

            	
              :

               

            	
              $5,340,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AP1

            
	
              Class

               

            	
              :

               

            	
              M-9

               

            
	
              Assumed
                Maturity Date

               

            	
              :

               

            	
              July
                2037

               

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      M-9

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-9 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-9 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-9 Certificate (obtained by dividing the Denomination
      of this Class M-9 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of July 1, 2007 (the “Agreement”) among the Depositor, Option
      One Mortgage Corporation, as servicer (the “Servicer”), and Wells Fargo Bank,
      N.A., a national banking association, as trustee (the “Trustee”). To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement. This Class M-9 Certificate is issued under and is subject
      to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Class M-9 Certificate by virtue of the acceptance hereof assents
      and by which such Holder is bound.

     

    Each
      holder of a Certificate or beneficial ownership therein shall be deemed to
      have
      made the representations set forth in Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-9 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-9 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-9 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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:_________________

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-15

     

    FORM
      OF
      CLASS M-10 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A-1 CERTIFICATES, THE CLASS II-A-1
      CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS II-A-4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS
      M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE
      CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES, THE CLASS M-8 CERTIFICATES
      AND THE CLASS M-9 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND
      SERVICING AGREEMENT REFERRED TO HEREIN.

     

    EACH
      HOLDER OF A CERTIFICATE OR BENEFICIAL OWNERSHIP THEREIN SHALL BE DEEMED TO
      HAVE
      MADE THE REPRESENTATIONS SET FORTH IN SECTION 5.02(d) OF THE AGREEMENT
      .

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 AND WILL NOT BE REGISTERED UNDER THE UNITED STATES
      SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) AND
      MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT TO A PERSON
      THAT IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER
      THE SECURITIES ACT PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A
      QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF
      RULE
      144A, IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
      SECURITIES ACT, IN WHICH THE TRANSFEREE MAKES OR IS DEEMED TO MAKE CERTAIN
      REPRESENTATIONS AND UNDERTAKINGS SET FORTH IN THE AGREEMENT AND IN ACCORDANCE
      WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
      STATES.

     

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

               

            	
              :

               

            	
              $
                5,902,000.00

               

            
	
              Original
                Class Certificate Principal Balance of this Class

               

            	
              :

               

            	
              $
                5,902,000.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Pass-Through
                Rate

               

            	
              :

               

            	
              Variable

               

            
	
              CUSIP

               

            	
              :

               

            	
              83613D
                AQ9

            
	
              Class

               

            	
              :

               

            	
              M-10

               

            
	
              Assumed
                Maturity Date

               

            	
              :

               

            	
              July
                2037

               

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      M-10

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-10 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-10 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-10 Certificate (obtained by dividing the Denomination
      of this Class M-10 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of July 1, 2007 (the “Agreement”) among the Depositor, Option
      One Mortgage Corporation, as servicer (the “Servicer”), and Wells Fargo Bank,
      N.A., a national banking association, as trustee (the “Trustee”). To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement. This Class M-10 Certificate is issued under and is subject
      to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Class M-10 Certificate by virtue of the acceptance hereof assents
      and by which such Holder is bound.

     

    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 Depositor in writing the facts surrounding the
      transfer. The Holder hereof desiring to effect such transfer shall, and does
      hereby agree to, indemnify the Trustee and the Depositor 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.

     

    Each
      holder of a Certificate or beneficial ownership therein shall be deemed to
      have
      made the representations set forth in Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-10 Certificate set
      forth on the reverse hereof, which further provisions shall for all purposes
      have the same effect as if set forth at this place.

     

    This
      Class M-10 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-10 Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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:_________________

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-16

     

    FORM
      OF
      CLASS C CERTIFICATES

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A-1 CERTIFICATES, THE CLASS II-A-1
      CERTIFICATES, THE CLASS II-A-2, THE CLASS II-A-3 CERTIFICATES, THE CLASS II-A-4
      CERTIFICATES, THE CLASS A-6 CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS
      M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE
      CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES,
      THE CLASS M-8 CERTIFICATES, THE CLASS M-9 CERTIFICATES, THE CLASS M-10
      CERTIFICATES, THE CLASS M-11 CERTIFICATES AND THE CLASS M-12 CERTIFICATES TO
      THE
      EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO
      HEREIN.

     

    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”), SHALL BE MADE EXCEPT IN COMPLIANCE WITH THE
      PROCEDURES DESCRIBED HEREIN.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of
                this Certificate (“Denomination”)

               

            	
              :

               

            	
              $
                16,019,016.76

               

            
	
              Original
                Class Certificate Principal
                Balance of this Class

               

            	
              :

               

            	
              $
                16,019,016.76

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Class

               

            	
              :

               

            	
              C

               

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      C

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class C Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class C Certificate does not evidence
      an obligation of, or an interest in, and is not guaranteed by the Depositor,
      the
      Servicer, or the Trustee referred to below or any of their respective
      affiliates.

     

    This
      certifies that Wells Fargo Bank, N.A. as Indenture Trustee is the registered
      owner of the Percentage Interest evidenced by this Class C Certificate (obtained
      by dividing the Denomination of this Class C Certificate by the Original Class
      Certificate Principal Balance) in certain distributions with respect to a Trust
      consisting primarily of the Mortgage Loans deposited by Financial Asset
      Securities Corp. (the “Depositor”). The Trust was created pursuant to a Pooling
      and Servicing Agreement dated as of July 1, 2007 (the “Agreement”) among the
      Depositor, Option One Mortgage Corporation, as servicer (the “Servicer”), and
      Wells Fargo Bank, N.A., a national banking association, as trustee (the
“Trustee”). To the extent not defined herein, the capitalized terms used herein
      have the meanings assigned in the Agreement. This Class C Certificate is issued
      under and is subject to the terms, provisions and conditions of the Agreement,
      to which Agreement the Holder of this Class C Certificate by virtue of the
      acceptance hereof assents and by which such Holder is bound.

     

    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 Depositor 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 Depositor
      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 Servicer or the Depositor; or there shall be delivered to the
      Trustee and the Depositor 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 Depositor 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(d) of the Agreement.

     

    Reference
      is hereby made to the further provisions of this Class C Certificate set forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class C Certificate shall not be entitled to any benefit under the Agreement
      or
      be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class C Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      (herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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:_________________

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-17

     

    FORM
      OF
      CLASS P CERTIFICATE

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986,
      SHALL BE MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

    

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Initial
                Certificate Principal Balance of
                this Certificate (“Denomination”)

               

            	
              :

               

            	
              $100.00

               

            
	
              Original
                Class Certificate Principal
                Balance of this Class

               

            	
              :

               

            	
              $100.00

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Class

               

            	
              :

               

            	
              P

               

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      P

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class P Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class P Certificate does not evidence
      an obligation of, or an interest in, and is not guaranteed by the Depositor,
      the
      Servicer, or the Trustee referred to below or any of their respective
      affiliates.

     

    This
      certifies that Wells Fargo Bank, N.A. as Indenture Trustee is the registered
      owner of the Percentage Interest evidenced by this Class P Certificate (obtained
      by dividing the Denomination of this Class P Certificate by the Original Class
      Certificate Principal Balance) in certain distributions with respect to a Trust
      consisting primarily of the Mortgage Loans deposited by Financial Asset
      Securities Corp. (the “Depositor”). The Trust was created pursuant to a Pooling
      and Servicing Agreement dated as of July 1, 2007 (the “Agreement”) among the
      Depositor, Option One Mortgage Corporation, as servicer (the “Servicer”), and
      Wells Fargo Bank, N.A., a national banking association, as trustee (the
“Trustee”). To the extent not defined herein, the capitalized terms used herein
      have the meanings assigned in the Agreement. This Class P Certificate is issued
      under and is subject to the terms, provisions and conditions of the Agreement,
      to which Agreement the Holder of this Class P Certificate by virtue of the
      acceptance hereof assents and by which such Holder is bound.

     

    This
      Certificate does not have a pass-through rate and will be entitled to
      distributions only to the extent set forth in the Agreement.

     

    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 Depositor 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 Depositor
      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 Servicer or the Depositor; or there shall be delivered to the
      Trustee and the Depositor 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 Depositor 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(d) of the Agreement.

     

    Reference
      is hereby made to the further provisions of this Class P Certificate set forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class P Certificate shall not be entitled to any benefit under the Agreement
      or
      be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class P Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      (herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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:_________________

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-18

     

    FORM
      OF
      CLASS L CERTIFICATE

     

    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.

     

    THIS
      CLASS L CERTIFICATE HAS NO PRINCIPAL BALANCE, DOES NOT BEAR INTEREST AND WILL
      NOT RECEIVE ANY DISTRIBUTIONS EXCEPT AS PROVIDED 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 OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986,
      SHALL BE MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

    

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Class

               

            	
              :

               

            	
              L

               

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      L

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      of first lien adjustable rate and fixed rate mortgage loans
      (the  “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    This
      Class L Certificate does not evidence an obligation of, or an interest in,
      and
      is not guaranteed by the Depositor, the Servicer, or the Trustee referred to
      below or any of their respective affiliates.

     

    This
      certifies that Greenwich Capital Markets, Inc. is the registered owner of the
      Percentage Interest evidenced by this Class L Certificate specified above in
      certain distributions with respect to a Trust consisting primarily of the
      Mortgage Loans deposited by Financial Asset Securities Corp. (the “Depositor”).
      The Trust was created pursuant to a Pooling and Servicing Agreement dated as
      of
      July 1, 2007 (the “Agreement”) among the Depositor, Option One Mortgage
      Corporation, as servicer (the “Servicer”), and Wells Fargo Bank, N.A., a
      national banking association, as trustee (the “Trustee”). To the extent not
      defined herein, the capitalized terms used herein have the meanings assigned
      in
      the Agreement. This Class L Certificate is issued under and is subject to the
      terms, provisions and conditions of the Agreement, to which Agreement the Holder
      of this Class L Certificate by virtue of the acceptance hereof assents and
      by
      which such Holder is bound.

     

    This
      Certificate does not have a pass-through rate and will be entitled to
      distributions only to the extent set forth in the Agreement.

     

    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 Depositor 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 Depositor
      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 Servicer or the Depositor; or there shall be delivered to the
      Trustee and the Depositor 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 Depositor 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(d) of the Agreement.

     

    Reference
      is hereby made to the further provisions of this Class L Certificate set forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class L Certificate shall not be entitled to any benefit under the Agreement
      or
      be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class L Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      (herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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:_________________

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-19

     

    FORM
      OF
      CLASS R CERTIFICATE

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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,
      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.

     

    THIS
      CLASS R CERTIFICATE HAS NO PRINCIPAL BALANCE, DOES NOT BEAR INTEREST AND WILL
      NOT RECEIVE ANY DISTRIBUTIONS EXCEPT AS PROVIDED HEREIN.

     

    NEITHER
      THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE PROPOSED
      TRANSFEREE DELIVERS TO THE TRUSTEE A TRANSFER AFFIDAVIT 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 OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986,
      SHALL BE MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

    

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Class

               

            	
              :

               

            	
              R

               

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      R

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      primarily of a pool of first lien adjustable rate and fixed
      rate  mortgage loans (the “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    This
      Certificate does not evidence an obligation of, or an interest in, and is not
      guaranteed by the Depositor, the Servicer or the Trustee referred to below
      or
      any of their respective affiliates.

     

    This
      certifies that GREENWICH CAPITAL MARKETS, INC. is the registered owner of the
      Percentage Interest evidenced by this Certificate specified above in the
      interest represented by all Certificates of the Class to which this Certificate
      belongs in a Trust consisting primarily of the Mortgage Loans deposited by
      Financial Asset Securities Corp. (the “Depositor”). The Trust was created
      pursuant to a Pooling and Servicing Agreement dated as of July 1, 2007 (the
      “Agreement”) among the Depositor, Option One Mortgage Corporation, as servicer
      (the “Servicer”), and Wells Fargo Bank, N.A., a national banking association, as
      trustee (the “Trustee”). 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.

     

    This
      Certificate does not have a principal balance or pass-through rate and will
      be
      entitled to distributions only to the extent 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 the office or agency maintained by the Trustee.

     

    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 Depositor 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 Depositor
      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 Servicer or the Depositor; or there shall be delivered to the
      Trustee and the Depositor 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 Depositor 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(d) of the Agreement.

     

    Each
      Holder of this Certificate will be deemed to have agreed to be bound by the
      restrictions of the Agreement, including but not limited to the restrictions
      that (i) each person holding or acquiring any Ownership Interest in this
      Certificate must be a Permitted Transferee, (ii) no Ownership Interest in this
      Certificate may be transferred without delivery to the Trustee of (a) a transfer
      affidavit of the proposed transferee and (b) a transfer certificate of the
      transferor, each of such documents to be in the form described in the Agreement,
      (iii) each person holding or acquiring any Ownership Interest in this
      Certificate must agree to require a transfer affidavit and to deliver a transfer
      certificate to the Trustee as required pursuant to the Agreement, (iv) each
      person holding or acquiring an Ownership Interest in this Certificate must
      agree
      not to transfer an Ownership Interest in this Certificate if it has actual
      knowledge that the proposed transferee is not a Permitted Transferee and (v)
      any
      attempted or purported transfer of any Ownership Interest in this Certificate
      in
      violation of such restrictions will be absolutely null and void and will vest
      no
      rights in the purported transferee. Pursuant to the Agreement, The Trustee
      will
      provide the Internal Revenue Service and any pertinent persons with the
      information needed to compute the tax imposed under the applicable tax laws
      on
      transfers of residual interests to disqualified organizations, if any person
      other than a Permitted Transferee acquires an Ownership Interest on a Class
      R
      Certificate in violation of the restrictions mentioned above.

     

    Reference
      is hereby made to the further provisions of this Certificate set forth on the
      reverse hereof, which further provisions shall for all purposes have the same
      effect as if set forth at this place.

     

    This
      Certificate shall not be entitled to any benefit under the Agreement or be
      valid
      for any purpose unless manually countersigned by an authorized officer of the
      Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class R Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2 Asset-Backed Certificates, Series 2007-OPT2
      (herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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:_________________

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-20

     

    FORM
      OF
      CLASS R-X CERTIFICATES

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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,
      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.

     

    THIS
      CLASS R-X CERTIFICATE HAS NO PRINCIPAL BALANCE, DOES NOT BEAR INTEREST AND
      WILL
      NOT RECEIVE ANY DISTRIBUTIONS EXCEPT AS PROVIDED HEREIN.

     

    NEITHER
      THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE PROPOSED
      TRANSFEREE DELIVERS TO THE TRUSTEE A TRANSFER AFFIDAVIT 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 OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986,
      SHALL BE MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

    

    
      	
              Certificate
                No.

               

            	
              :

               

            	
              1

               

            
	
              Cut-off
                Date

               

            	
              :

               

            	
              July
                1, 2007

               

            
	
              First
                Distribution Date

               

            	
              :

               

            	
              August
                27, 2007

               

            
	
              Percentage
                Interest

               

            	
              :

               

            	
              100.00%

               

            
	
              Class

               

            	
              :

               

            	
              R-X

               

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    Series
      2007-OPT2

    CLASS
      R-X

     

    evidencing
      the Percentage Interest in the distributions allocable to  the
      Certificates of the above-referenced Class with respect to the Trust consisting
      primarily of a pool of first lien adjustable rate and fixed
      rate  mortgage loans (the “Mortgage Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    This
      Certificate does not evidence an obligation of, or an interest in, and is not
      guaranteed by the Depositor, the Servicer or the Trustee referred to below
      or
      any of their respective affiliates.

     

    This
      certifies that MKM I CORP. is the registered owner of the Percentage Interest
      evidenced by this Certificate specified above in the interest represented by
      all
      Certificates of the Class to which this Certificate belongs in a Trust
      consisting primarily of the Mortgage Loans deposited by Financial Asset
      Securities Corp. (the “Depositor”). The Trust was created pursuant to a Pooling
      and Servicing Agreement dated as of July 1, 2007 (the “Agreement”) among the
      Depositor, Option One Mortgage Corporation, as servicer (the “Servicer”), and
      Wells Fargo Bank, N.A., a national banking association, as trustee (the
“Trustee”). 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.

     

    This
      Certificate does not have a principal balance or pass-through rate and will
      be
      entitled to distributions only to the extent 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 the office or agency maintained by the Trustee.

     

    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 Depositor 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 Depositor
      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 Servicer or the Depositor; or there shall be delivered to the
      Trustee and the Depositor 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 Depositor 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(d) of the Agreement.

     

    Each
      Holder of this Certificate will be deemed to have agreed to be bound by the
      restrictions of the Agreement, including but not limited to the restrictions
      that (i) each person holding or acquiring any Ownership Interest in this
      Certificate must be a Permitted Transferee, (ii) no Ownership Interest in this
      Certificate may be transferred without delivery to the Trustee of (a) a transfer
      affidavit of the proposed transferee and (b) a transfer certificate of the
      transferor, each of such documents to be in the form described in the Agreement,
      (iii) each person holding or acquiring any Ownership Interest in this
      Certificate must agree to require a transfer affidavit and to deliver a transfer
      certificate to the Trustee as required pursuant to the Agreement, (iv) each
      person holding or acquiring an Ownership Interest in this Certificate must
      agree
      not to transfer an Ownership Interest in this Certificate if it has actual
      knowledge that the proposed transferee is not a Permitted Transferee and (v)
      any
      attempted or purported transfer of any Ownership Interest in this Certificate
      in
      violation of such restrictions will be absolutely null and void and will vest
      no
      rights in the purported transferee. Pursuant to the Agreement, The Trustee
      will
      provide the Internal Revenue Service and any pertinent persons with the
      information needed to compute the tax imposed under the applicable tax laws
      on
      transfers of residual interests to disqualified organizations, if any person
      other than a Permitted Transferee acquires an Ownership Interest on a Class
      R-X
      Certificate in violation of the restrictions mentioned above.

     

    Reference
      is hereby made to the further provisions of this Certificate set forth on the
      reverse hereof, which further provisions shall for all purposes have the same
      effect as if set forth at this place.

     

    This
      Certificate shall not be entitled to any benefit under the Agreement or be
      valid
      for any purpose unless manually countersigned by an authorized officer of the
      Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      July __, 2007

     

    
      	 	
              SOUNDVIEW
                HOME LOAN TRUST 2007-OPT2

               

               

              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as
                Trustee

            
	 	 	 
	 	
              By:

            	 

    

    

    This
      is
      one of the Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Wells
      Fargo Bank, N.A.,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class R-X Certificate]

     

    Soundview
      Home Loan Trust 2007-OPT2

    Asset-Backed
      Certificates,

    SERIES
      2007-OPT2

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Soundview Home Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2
      (herein collectively called the “Certificates”), and representing a beneficial
      ownership interest in the Trust created by the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    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, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. 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 therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the 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
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons 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 the same Class in authorized denominations and
      evidencing the same 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
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee may treat the Person in whose name this Certificate
      is
      registered as the owner hereof for all purposes, and none of the Depositor,
      the
      Trustee, the Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in July 2037.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    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:_________________

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by
                wire transfer or otherwise, in immediately available

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided
                by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

     

    [RESERVED]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      C

     

    FORM
      OF
      ASSIGNMENT AGREEMENT

     

    ASSIGNMENT
      AND RECOGNITION AGREEMENT

     

    THIS
      ASSIGNMENT AND RECOGNITION AGREEMENT, dated July 10, 2007, (“Agreement”)
      among Greenwich Capital Financial Products, Inc. (“Assignor”), Financial
      Asset Securities Corp. (“Assignee”) and Option One Mortgage Corporation
      (the “Company”):

     

    For
      and
      in consideration of the sum of TEN DOLLARS ($10.00) and other valuable
      consideration the receipt and sufficiency of which hereby are acknowledged,
      and
      of the mutual covenants herein contained, the parties hereto hereby agree as
      follows:

     

    Assignment
      and Conveyance

     

    1.  The
      Assignor hereby conveys, sells, grants, transfers and assigns to the Assignee
      (x) all of the right, title and interest of the Assignor, as purchaser, in,
      to
      and under (a) those certain Mortgage Loans listed as being originated by the
      Company on the schedule (the “Mortgage Loan Schedule”) attached hereto as
      Exhibit A (the “Mortgage Loans”) and (b) except as described below, that
      certain Amended and Restated Master Mortgage Loan Purchase and Interim Servicing
      Agreement dated as of March 1, 2005, as amended (the “Purchase
      Agreement”), between the Assignor, as purchaser (the “Purchaser”),
      and the Company, as seller and the related Assignment and Conveyance Agreement
      (attached hereto as Exhibit B), solely insofar as the Purchase Agreement relates
      to the Mortgage Loans and (y) other than as provided below with respect to
      the
      enforcement of representations and warranties, none of the obligations of the
      Assignor under the Purchase Agreement.

     

    The
      Assignor specifically reserves and does not assign to the Assignee hereunder
      any
      and all right, title and interest in, to and under and any obligations of the
      Assignor with respect to any mortgage loans subject to the Purchase Agreement
      which are not the Mortgage Loans set forth on the Mortgage Loan Schedule and
      are
      not the subject of this Agreement.

     

    Recognition
      of the Company

     

    2.  From
      and
      after the date hereof, the Company shall and does hereby recognize that the
      Assignee will transfer the Mortgage Loans and assign its rights under the
      Purchase Agreement (solely to the extent set forth herein) and this Agreement
      to
      Soundview Home Loan Trust 2007-OPT2 (the “Trust”) created pursuant to a
      Pooling and Servicing Agreement, dated as of July 1, 2007 (the “Pooling
      Agreement”), among the Assignee, Wells Fargo Bank, N.A., as trustee
      (including its successors in interest and any successor trustees under the
      Pooling Agreement, the “Trustee”), Option One Mortgage Corporation, as
      servicer (including its successors in interest and any successor servicer under
      the Pooling Agreement, the “Servicer”).  The Company hereby
      acknowledges and agrees that from and after the date hereof (i) the Trust
      will be the owner of the Mortgage Loans, (ii) the Company shall look solely
      to the Trust for performance of any obligations of the Assignor insofar as
      they
      relate to the enforcement of the representations, warranties and covenants
      with
      respect to the Mortgage Loans, (iii) the Trust  (including the
      Trustee and the Servicer acting on the Trust’s behalf) shall have all the rights
      and remedies available to the Assignor, insofar as they relate to the Mortgage
      Loans, under the Purchase Agreement, including, without limitation, the
      enforcement of the document delivery requirements and remedies with respect
      to
      breaches of representations and warranties set forth in the Purchase Agreement,
      and shall be entitled to enforce all of the obligations of the Company
      thereunder insofar as they relate to the Mortgage Loans, and (iv) all
      references to the Purchaser (insofar as they relate to the rights, title and
      interest and, with respect to obligations of the Purchaser, only insofar as
      they
      relate to the enforcement of the representations, warranties and covenants
      of
      the Company) or the Custodian under the Purchase Agreement insofar as they
      relate to the Mortgage Loans, shall be deemed to refer to the Trust (including
      the Trustee and the Servicer acting on the Trust’s behalf).  Neither
      the Company nor the Assignor shall amend or agree to amend, modify, waiver,
      or
      otherwise alter any of the terms or provisions of the Purchase Agreement which
      amendment, modification, waiver or other alteration would in any way affect
      the
      Mortgage Loans or the Company’s performance under the Purchase Agreement with
      respect to the Mortgage Loans without the prior written consent of the
      Trustee.

     

    Representations
      and Warranties of the Company

     

    3.  The
      Company warrants and represents to the Assignor, the Assignee and the Trust
      as
      of the date hereof that:

     

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

     

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

     

    (c)           No
      consent, approval, order or authorization of, or declaration, filing or
      registration with, any governmental entity is required to be obtained or made
      by
      the Company in connection with the execution, delivery or performance by the
      Company of this Agreement; and

     

    (d)           There
      is no action, suit, proceeding or investigation pending or threatened against
      the Company, before any court, administrative agency or other tribunal, which
      would draw into question the validity of this Agreement or the Purchase
      Agreement, or which, either in any one instance or in the aggregate, would
      result in any material adverse change in the ability of the Company to perform
      its obligations under this Agreement or the Purchase Agreement, and the Company
      is solvent.

     

    4.  Pursuant
      to Section 12 of the Purchase Agreement, the Company hereby represents and
      warrants, for the benefit of the Assignor, the Assignee and the Trust, that
      the
      representations and warranties set forth in Sections 7.01 and 7.04 of the
      Purchase Agreement, are true and correct as of the date hereof as if such
      representations and warranties were made on the date hereof, except that the
      representation and warranty set forth in Section 7.04(i) shall, for
      purposes of this Agreement, relate to the Mortgage Loan Schedule attached
      hereto.

     

    In
      addition, the Company hereby agrees that within 5 Business Days after request
      by
      the Assignee therefor, it shall provide copies of the Mortgage File and the
      Servicing File to the extent the Company has possession thereof, to the Assignee
      or shall permit examination thereof at the Company’s offices or such other
      location as shall otherwise be agreed upon by the Assignee.  The
      Assignee shall pay any costs and expenses of the Company (or its agent) incurred
      in connection with the provision or examination of any such Mortgage File and
      Servicing File requested pursuant to this Section.

     

    Remedies
      for Breach of Representations and Warranties

     

    5.  The
      Assignor hereby makes the following representations, warranties and covenants
      as
      of the date hereof:

     

    (a)           Each
      Mortgage Loan at the time it was made complied in all material respects with
      applicable local, state, and federal laws, including, but not limited to, all
      applicable predatory and abusive and/or usury lending laws;

     

    (b)           None
      of the mortgage loans are High Cost as defined by any applicable predatory
      and
      abusive lending laws;

     

    (c)           No
      Mortgage Loan is a high cost loan or a covered loan, as applicable (as such
      terms are defined in the then current Standard & Poor’s LEVELS Glossary,
      Appendix E);

     

    (d)           No
      Group I Mortgage Loan is secured by manufactured housing;

     

    (e)           No
      first lien Group I Mortgage Loan has an original principal balance that exceeds
      the applicable Freddie Mac loan limit;

     

    (f)           (i)
      No second lien Group I Mortgage Loan has an original principal balance that
      exceeds one-half of the one-unit limitation for first lien mortgage loans,
      i.e.,
      $208,500 (in Alaska, Guam, Hawaii or Virgin Islands: $312,750), without regard
      to the number of units and (ii) the original principal balance of the first
      lien
      mortgage loan plus the original principal balance of any second lien Group
      I
      Mortgage Loan relating to the same mortgaged property does not exceed the
      applicable Freddie Mac loan limit for first lien mortgage loans for that
      property type;

     

    (g)           No
      Group I Mortgage Loan is located anywhere except the continental United States,
      Alaska, Hawaii, Puerto Rico, the Virgin Islands or Guam;

     

    (h)           As
      of the Cut-off Date, no Group I Mortgage Loan seasoned more than one year;
      and

     

    (i)           No
      Mortgage Loan on or after October 1, 2002 through March 6, 2003 is governed
      by
      the Georgia Fair Lending Act.

     

    6.  The
      Company hereby acknowledges and agrees that the remedies available to the
      Assignor, the Assignee and the Trust (including the Trustee and the Servicer
      acting on the Trust’s behalf) in connection with any breach of the
      representations and warranties made by the Company set forth in Sections 3
      and 4
      hereof shall be as set forth in Subsection 7.05 of the Purchase Agreement
      as if they were set forth herein (including without limitation the repurchase
      and indemnity obligations set forth therein).

     

    The
      Assignor hereby acknowledges and agrees that the remedies available to the
      Assignee and the Trust (including the Trustee and the Servicer acting on the
      Trust’s behalf) in connection with any breach of the representations and
      warranties made by the Assignor set forth in Section 5 hereof shall be as set
      forth in Section 2.03 of the Pooling and Servicing Agreement as if they were
      set
      forth herein (including without limitation the repurchase and indemnity
      obligations set forth therein).  In addition, the Assignor hereby
      acknowledges and agrees that a breach of any of the representations and
      warranties set forth in Section 5(d), (e), (f) and (g) will be deemed to
      materially and adversely affect the value of the related Mortgage Loan or the
      interest of the Assignee therein.

     

    Miscellaneous

     

    7.  This
      Agreement shall be construed in accordance with the laws of the State of New
      York, without regard to conflicts of law principles, and the obligations, rights
      and remedies of the parties hereunder shall be determined in accordance with
      such laws.

     

    8.  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, with the prior written consent of the
      Trustee.

     

    9.  This
      Agreement shall inure to the benefit of (i) the successors and assigns of the
      parties hereto and (ii) the Trust (including the Trustee and the Servicer acting
      on the Trust’s behalf). Any entity into which Assignor, Assignee or Company may
      be merged or consolidated shall, without the requirement for any further
      writing, be deemed Assignor, Assignee or Company, respectively,
      hereunder.

     

    10.  Each
      of
      this Agreement and the Purchase Agreement shall survive the conveyance of the
      Mortgage Loans and the assignment of the Purchase Agreement (to the extent
      assigned hereunder) by Assignor to Assignee and by Assignee to the Trust and
      nothing contained herein shall supersede or amend the terms of the Purchase
      Agreement.

     

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

     

    12.  In
      the
      event that any provision of this Agreement conflicts with any provision of
      the
      Purchase Agreement with respect to the Mortgage Loans, the terms of this
      Agreement shall control.

     

    13.  Capitalized
      terms used in this Agreement (including the exhibits hereto)  but not
      defined in this Agreement shall have the meanings given to such terms in the
      Purchase Agreement.

     

    [SIGNATURE
      PAGE FOLLOWS]

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    IN
      WITNESS WHEREOF, the parties have caused this Agreement to be executed by their
      duly authorized officers as of the date first above written.

     

    

     

    
      	 	 	 	 	 	 	 	
              GREENWICH
                CAPITAL FINANCIAL PRODUCTS, INC.

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	
              Name:

            	 
	 	 	 	 	 	 	 	
              Its:

            	 

    

    

     

    
      	 	 	 	 	 	 	 	
              FINANCIAL
                ASSET SECURITIES CORP.

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	
              Name:

            	 
	 	 	 	 	 	 	 	
              Its:

            	 

    

    

     

    
      	 	 	 	 	 	 	 	
              OPTION
                ONE MORTGAGE CORPORATION

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	
              Name:

            	 
	 	 	 	 	 	 	 	
              Its:

            	 

    

    

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    EXHIBIT
      A

    MORTGAGE
      LOAN SCHEDULE

    SEE
      EXHIBIT D TO POOLING AND SERVICING AGREEMENT

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    EXHIBIT
      B

    

    

    ASSIGNMENT
      AND CONVEYANCE AGREEMENT

    SCHEDULE
      I

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    Capitalized
      terms used in this Schedule I but not defined in this Agreement shall have
      the
      meanings given to such terms in the Purchase Agreement.

    

    The
      Company represents, warrants and covenants to the Initial Purchaser and to
      any
      subsequent Purchaser as of the initial Closing Date and each subsequent Closing
      Date or as of such date specifically provided herein or in the applicable
      Assignment and Conveyance:

     

    (i)  The
      Company is duly organized, validly existing and in good standing under the
      laws
      of the state of California and has all licenses necessary to carry on its
      business as now being conducted. It is licensed in, qualified to transact
      business in and is in good standing under the laws of the state in which any
      Mortgaged Property is located and is and will remain in compliance with the
      laws
      of each state in which any Mortgaged Property is located to the extent necessary
      to ensure the enforceability of each Mortgage Loan and the servicing of the
      Mortgage Loan in accordance with the terms of this Agreement. No licenses or
      approvals obtained by Company have been suspended or revoked by any court,
      administrative agency, arbitrator or governmental body and no proceedings are
      pending which might result in such suspension or revocation;

     

    (ii)  The
      Company has the full power and authority to hold the related Mortgage Loan,
      to
      sell the related Mortgage Loan, and to execute, deliver and perform, and to
      enter into and consummate, all transactions contemplated by this Agreement.
      The
      Company has duly authorized the execution, delivery and performance of this
      Agreement, has duly executed and delivered this Agreement, and this Agreement,
      assuming due authorization, execution and delivery by the Purchaser, constitutes
      a legal, valid and binding obligation of the Company, enforceable against it
      in
      accordance with its terms except as the enforceability thereof may be limited
      by
      bankruptcy, insolvency or reorganization;

     

    (iii)  The
      execution and delivery of this Agreement by the Company and the performance
      of
      and compliance with the terms of this Agreement will not violate the Company's
      articles of incorporation or by-laws or constitute a default under or result
      in
      a breach or acceleration of, any material contract, agreement or other
      instrument to which the Company is a party or which may be applicable to the
      Company or its assets;

     

    (iv)  The
      Company is not in violation of, and the execution and delivery of this Agreement
      by the Company and its performance and compliance with the terms of this
      Agreement will not constitute a violation with respect to, any order or decree
      of any court or any order or regulation of any federal, state, municipal or
      governmental agency having jurisdiction over the Company or its assets, which
      violation might have consequences that would materially and adversely affect
      the
      condition (financial or otherwise) or the operation of the Company or its assets
      or might have consequences that would materially and adversely affect the
      performance of its obligations and duties hereunder;

     

    (v)  The
      Company is an approved seller/servicer for FNMA and FHLMC in good standing
      and
      is a HUD approved mortgagee pursuant to Section 203 of the National Housing
      Act. No event has occurred, including but not limited to a change in insurance
      coverage, which would make the Company unable to comply with FNMA, FHLMC or
      HUD
      eligibility requirements or which would require notification to FNMA, FHLMC
      or
      HUD;

     

    (vi)  The
      Company does not believe, nor does it have any reason or cause to believe,
      that
      it cannot perform each and every covenant contained in this
      Agreement;

     

    (vii)  The
      Mortgage Note, the Mortgage, the Assignment of Mortgage and any other documents
      required to be delivered with respect to each Mortgage Loan pursuant to the
      Custodial Agreement, have been delivered to the Custodian all in compliance
      with
      the specific requirements of the Custodial Agreement. With respect to each
      Mortgage Loan, the Company is in possession of a complete Mortgage File in
      compliance with Exhibit 5, except for such documents as have been
      delivered to the Custodian;

     

    (viii)  Immediately
      prior to the payment of the Purchase Price for each Mortgage Loan, the Company
      was the owner of record of the related Mortgage and the indebtedness evidenced
      by the related Mortgage Note and upon the payment of the Purchase Price by
      the
      Purchaser, in the event that the Company retains record title, the Company
      shall
      retain such record title to each Mortgage, each related Mortgage Note and the
      related Mortgage Files with respect thereto in trust for the Purchaser as the
      owner thereof and only for the purpose of servicing and supervising the
      servicing of each Mortgage Loan;

     

    (ix)  There
      are
      no actions or proceedings against, or investigations of, the Company before
      any
      court, administrative agency or other tribunal (A) that might prohibit its
      entering into this Agreement, (B) seeking to prevent the sale of the Mortgage
      Loans or the consummation of the transactions contemplated by this Agreement
      or
      (C) that might prohibit or materially and adversely affect the performance
      by
      the Company of its obligations under, or the validity or enforceability of,
      this
      Agreement;

     

    (x)  No
      consent, approval, authorization or order of any court or governmental agency
      or
      body is required for the execution, delivery and performance by the Company
      of,
      or compliance by the Company with, this Agreement or the consummation of the
      transactions contemplated by this Agreement, except for such consents,
      approvals, authorizations or orders, if any, that have been obtained prior
      to
      the related Closing Date;

     

    (xi)  The
      consummation of the transactions contemplated by this Agreement are in the
      ordinary course of business of the Company, and the transfer, assignment and
      conveyance of the Mortgage Notes and the Mortgages by the Company pursuant
      to
      this Agreement are not subject to the bulk transfer or any similar statutory
      provisions;

     

    (xii)  The
      information delivered by the Company to the Purchaser with respect to the
      Company's loan loss, foreclosure and delinquency experience for the twelve
      (12)
      months immediately preceding the Initial Closing Date on mortgage loans
      underwritten to the same standards as the Mortgage Loans and covering mortgaged
      properties similar to the Mortgaged Properties, is true and correct in all
      material respects;

     

    (xiii)  Neither
      this Agreement nor any written statement, report or other document prepared
      and
      furnished or to be prepared and furnished by the Company pursuant to this
      Agreement or in connection with the transactions contemplated hereby contains
      any untrue statement of material fact or omits to state a material fact
      necessary to make the statements contained herein or therein not
      misleading;

     

    (xiv)  The
      transfer of the Mortgage Loans shall be treated as a sale on the books and
      records of Company, and Company has determined that, and will treat, the
      disposition of the Mortgage Loans pursuant to this Agreement for tax and
      accounting purposes as a sale. Company shall maintain complete records for
      each
      Mortgage Loan which shall be clearly marked to reflect the ownership of each
      Mortgage Loan by Purchaser;

     

    (xv)  The
      consideration received by the Company upon the sale of the Mortgage loans
      constitutes fair consideration and reasonably equivalent value for such Mortgage
      Loans;

     

    (xvi)  Company
      is solvent and will not be rendered insolvent by the consummation of the
      transactions contemplated hereby.  The Company is not transferring any
      Mortgage loan with any intent to hinder, delay or defraud any of its
      creditors;

     

    (xvii)  The
      Company is a member of MERS in good standing, 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 and is current in payment
      of
      all fees and assessments imposed by MERS;

     

    (xviii)  The
      Company 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; and

     

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

     

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    The
      Company hereby represents and warrants to the Initial Purchaser and to any
      subsequent Purchaser that, as to each Mortgage Loan, as of the related Closing
      Date for such Mortgage Loan:

     

    (i)  The
      information set forth in the related Mortgage Loan Schedule is complete, true
      and correct;

     

    (ii)  Reserved;

     

    (iii)  Except
      with respect to payments not yet 30 days past due, all payments required to
      be
      made up to the close of business on the related Closing Date for such Mortgage
      Loan under the terms of the Mortgage Note have been made; the Company has not
      advanced funds, or induced, solicited or knowingly received any advance of
      funds
      from a party other than the owner of the related Mortgaged Property, directly
      or
      indirectly, for the payment of any amount required by the Mortgage Note or
      Mortgage; and except with respect to payments not yet 30 days past
      due,  there has been no delinquency, exclusive of any period of grace,
      in any payment by the Mortgagor thereunder since the origination of the Mortgage
      Loan;

     

    (iv)  As
      of the
      origination date of the Mortgage Loan there were no delinquent taxes, ground
      rents, water charges, sewer rents, assessments, insurance premiums, leasehold
      payments, including assessments payable in future installments or other
      outstanding charges affecting the related Mortgaged Property, and as of the
      related Closing Date there are no delinquent taxes, insurance premiums, or
      other
      outstanding charges jeopardizing the lien position of the Mortgage Loan, and
      to
      the best knowledge of the Company, as of the Closing Date, there are no ground
      rents, water charges, sewer rents, assessments, leasehold payments, including
      assessments payable in future installments or other outstanding charges
      affecting the related Mortgaged Property;

     

    (v)  The
      terms
      of the Mortgage Note and the Mortgage have not been impaired, waived, altered
      or
      modified in any respect, except by written instruments, recorded in the
      applicable public recording office if necessary to maintain the lien priority
      of
      the Mortgage, and which have been delivered to the Custodian; the substance
      of
      any such waiver, alteration or modification has been approved by the title
      insurer, to the extent required by the related policy, and is reflected on
      the
      related Mortgage Loan Schedule. No instrument of waiver, alteration or
      modification has been executed, and no Mortgagor has been released, in whole
      or
      in part, except in connection with an assumption agreement approved by the
      title
      insurer, to the extent required by the policy, and which assumption agreement
      has been delivered to the Custodian and the terms of which are reflected in
      the
      related Mortgage Loan Schedule;

     

    (vi)  The
      Mortgage Note and the Mortgage are 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 and the Mortgage, or the
      exercise of any right thereunder, render the Mortgage unenforceable, in whole
      or
      in part, or subject to any right of rescission, set-off, counterclaim or
      defense, including the defense of usury and no such right of rescission,
      set-off, counterclaim or defense has been asserted with respect thereto and
      there is no basis for the Mortgage Loan to be modified or reformed without
      the
      consent of the Mortgagor under applicable law.  Each Prepayment Charge
      or penalty with respect to any Mortgage Loan is permissible, enforceable and
      collectible under applicable federal, state and local law;

     

    (vii)  All
      buildings upon the Mortgaged Property are insured by a Qualified Insurer
      acceptable to FNMA and FHLMC against loss by fire, hazards of extended coverage
      and such other hazards as are customary in the area where the Mortgaged Property
      is located, pursuant to insurance policies providing coverage in an amount
      not
      less than the greatest of (i) 100% of the replacement cost of all improvements
      to the Mortgaged Property, (ii) either (A) the outstanding principal balance
      of
      the Mortgage Loan with respect to each first lien Mortgage Loan or (B) with
      respect to each second lien Mortgage Loan, the sum of the outstanding principal
      balance of the first lien Mortgage Loan and the outstanding principal balance
      of
      the second lien Mortgage Loan, (iii) the amount necessary to avoid the operation
      of any co-insurance provisions with respect to the Mortgaged Property, and
      consistent with the amount that would have been required as of the date of
      origination in accordance with the Underwriting Guidelines or (iv) the amount
      necessary to fully compensate for any damage or loss to the improvements that
      are a part of such property on a replacement cost basis.  All such
      insurance policies contain a standard mortgagee clause naming the Company,
      its
      successors and assigns as mortgagee and all premiums thereon have been
      paid.  If the Mortgaged Property is in an area identified on a Flood
      Hazard Map or Flood Insurance Rate Map issued by the Federal Emergency
      Management Agency as having special flood hazards (and such flood insurance
      has
      been made available) a flood insurance policy meeting the requirements of the
      current guidelines of the Federal Insurance Administration is in effect which
      policy conforms to the requirements of FNMA and FHLMC. The Mortgage obligates
      the Mortgagor thereunder to maintain all such insurance at the Mortgagor's
      cost
      and expense, and on the Mortgagor's failure to do so, authorizes the holder
      of
      the Mortgage to maintain such insurance at Mortgagor's cost and expense and
      to
      seek reimbursement therefor from the Mortgagor;

     

    (viii)  Any
      and
      all requirements of any federal, state or local law including, without
      limitation, usury, truth in lending, real estate settlement procedures,
      predatory and abusive lending, consumer credit protection, equal credit
      opportunity, fair housing or disclosure laws applicable to the origination
      and
      servicing of mortgage loans of a type similar to the Mortgage Loans and
      applicable to any prepayment penalty associated with the Mortgage Loans at
      origination have been complied with;

     

    (ix)  The
      Mortgage has not been satisfied, cancelled, subordinated or rescinded, in whole
      or in part, and the Mortgaged Property has not been released from the lien
      of
      the Mortgage, in whole or in part, nor has any instrument been executed that
      would effect any such satisfaction, cancellation, subordination, rescission
      or
      release;

     

    (x)  The
      Mortgage (including any Negative Amortization which may arise thereunder) is
      a
      valid, existing and enforceable (A) first lien and first priority security
      interest with respect to each Mortgage Loan which is indicated by the Company
      to
      be a first lien (as reflected on the Mortgage Loan Schedule), or (B) second
      lien
      and second priority security interest with respect to each Mortgage Loan which
      is indicated by the Company to be a second lien (as reflected on the Mortgage
      Loan Schedule), in either case, on the Mortgaged Property, including all
      improvements on the Mortgaged Property subject only to (a) the lien of current
      real property taxes and assessments not yet due and payable, (b) covenants,
      conditions and restrictions, rights of way, easements and other matters of
      the
      public record as of the date of recording being acceptable to mortgage lending
      institutions generally and specifically referred to in the lender's title
      insurance policy delivered to the originator of the Mortgage Loan and which
      do
      not adversely affect the Appraised Value of the Mortgaged Property, (c) with
      respect to each Mortgage Loan which is indicated by the Company to be a second
      lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) a first lien
      on
      the Mortgaged Property; and (d) other matters to which like properties are
      commonly subject which do not materially interfere with the benefits of the
      security intended to be provided by the Mortgage or the use, enjoyment, value
      or
      marketability of the related Mortgaged Property.  Any security
      agreement, chattel mortgage or equivalent document related to and delivered
      in
      connection with the Mortgage Loan establishes and creates a valid, existing
      and
      enforceable first or second lien and first or second priority security interest
      (in each case, as indicated on the Mortgage Loan Schedule) on the property
      described therein and the Company has full right to sell and assign the same
      to
      the Purchaser.  The Mortgaged Property was not, as of the date of
      origination of the Mortgage Loan, subject to a mortgage, deed of trust, deed
      to
      secure debt or other security instrument creating a lien subordinate to the
      lien
      of the Mortgage;

     

    (xi)  The
      Mortgage Note and the related Mortgage are genuine and each is the legal, valid
      and binding obligation of the maker thereof, enforceable in accordance with
      its
      terms;

     

    (xii)  All
      parties to the Mortgage Note and the Mortgage had legal capacity to enter into
      the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage,
      and the Mortgage Note and the Mortgage have been duly and properly executed
      by
      such parties.  The Mortgagor is a natural person who executed the
      related Mortgage either in an individual capacity or, provided that the related
      Mortgage is guaranteed by a natural person, as trustee for a family
      trust.  Each Mortgagor is either a U.S. citizen or a permanent
      resident alien who has the right to live and work permanently in the United
      States;

     

    (xiii)  The
      proceeds of the Mortgage Loan have been fully disbursed to or for the account
      of
      the Mortgagor and there is no obligation for the Mortgagee to advance additional
      funds thereunder and any and all requirements as to completion of any on-site
      or
      off-site improvement and as to disbursements of any escrow funds therefor have
      been complied with.  All costs, fees and expenses incurred in making
      or closing the Mortgage Loan and the recording of the Mortgage have been paid,
      and the Mortgagor is not entitled to any refund of any amounts paid or due
      to
      the Mortgagee pursuant to the Mortgage Note or Mortgage;

     

    (xiv)  As
      of the related Closing Date and
      immediately prior to the sale of the Mortgage Loan hereunder, the applicable
      Seller is the sole legal, beneficial and equitable owner of the Mortgage Note
      and the Mortgage and has full right to transfer and sell the Mortgage Loan
      to
      the Purchaser free and clear of any encumbrance, equity, lien, pledge, charge,
      claim or security interest;

     

    (xv)  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) in compliance with any and all applicable
      “doing business” and licensing requirements of the laws of the state wherein the
      Mortgaged Property is located;

     

    (xvi)  The
      Mortgage Loan is covered by an American Land Title Association (“ALTA”) lender’s
      title insurance policy (which, in the case of an Adjustable Rate Mortgage Loan
      has an adjustable rate mortgage endorsement in the form of ALTA 6.0 or 6.1)
      or
      with respect to any Mortgage Loan for which the related Mortgaged Property
      is
      located in California a CLTA lender’s title insurance policy, or other generally
      acceptable form of policy or insurance acceptable to FNMA and FHLMC, issued
      by a
      title insurer acceptable to FNMA and FHLMC and qualified to do business in
      the
      jurisdiction where the Mortgaged Property is located, insuring (subject to
      the
      exceptions contained in (x)(a) and (b), and with respect to any second lien
      Mortgage Loan (c), above) the Company, its successors and assigns as to the
      first or second priority lien (as indicated on the Mortgage Loan Schedule)
      of
      the Mortgage in the original principal amount of the Mortgage Loan (including,
      if the Mortgage Loan provides for Negative Amortization, the maximum amount
      of
      Negative Amortization in accordance with the Mortgage) and, with respect to
      any
      Adjustable Rate Mortgage Loan, against any loss by reason of the invalidity
      or
      unenforceability of the lien resulting from the provisions of the Mortgage
      providing for adjustment in the Mortgage Interest Rate and Monthly Payment
      and
      Negative Amortization provisions of the Mortgage Note.  Additionally,
      such lender's title insurance policy affirmatively insures ingress and egress
      to
      and from the Mortgaged Property, and against encroachments by or upon the
      Mortgaged Property or any interest therein.  The Company is the sole
      insured of such lender's title insurance policy, and such lender’s title
      insurance policy is in full force and effect and will be in full force and
      effect upon the consummation of the transactions contemplated by this
      Agreement.  No claims have been made under such lender's title
      insurance policy, and no prior holder of the related Mortgage, including the
      Company, has done, by act or omission, anything which would impair the coverage
      of such lender's title insurance policy;

     

    (xvii)  As
      of the related Closing Date,
      there is no default, breach, violation or event of acceleration existing
      under the Mortgage or the Mortgage Note and no event which, with the passage
      of
      time or with notice and the expiration of any grace or cure period, would
      constitute a default, breach, violation or event of acceleration, and the
      Company has not waived any default, breach, violation or event of
      acceleration.  With respect to each second lien Mortgage Loan, as of
      the related Closing Date (i) the related first lien mortgage loan is in full
      force and effect, (ii) there is no default, breach, violation or event of
      acceleration existing under such first lien mortgage or the related mortgage
      note, (iii) no event which, with the passage of time or with notice and the
      expiration of any grace or cure period, would constitute a default, breach,
      violation or event of acceleration thereunder, (iv) either (A) the first lien
      mortgage contains a provision which allows or (B) applicable law requires,
      the
      mortgagee under the second lien Mortgage Loan to receive notice of, and affords
      such mortgagee an opportunity to cure any default by payment in full or
      otherwise under the first lien mortgage (v) the related first lien does not
      provide for or permit negative amortization under such first lien Mortgage
      Loan,
      and (vi) either no consent for the Mortgage Loan is required by the holder
      of
      the first lien or such consent has been obtained and is contained in the
      Mortgage File.   For purposes of the foregoing, a delinquent
      payment of less than thirty (30) days on a Mortgage Loan in and of itself does
      not constitute a default, breach, violation or event of acceleration (or an
      event which, with the passage of time or with notice and the expiration of
      any
      grace or cure period, has occurred that would constitute a default, breach,
      violation or event of acceleration) with respect to such Mortgage
      Loan;

     

    (xviii)  As
      of the
      related Closing Date, there are no mechanics' or similar liens or claims which
      have been filed for work, labor or material (and no rights are outstanding
      that
      under law could give rise to such lien) affecting the related Mortgaged Property
      which are or may be liens prior to, or equal or coordinate with, the lien of
      the
      related Mortgage;

     

    (xix)  All
      improvements which were considered in determining the Appraised Value of the
      related Mortgaged Property lay wholly within the boundaries and building
      restriction lines of the Mortgaged Property, and no improvements on adjoining
      properties encroach upon the Mortgaged Property;

     

    (xx)  The
      Mortgage Loan was originated or acquired by the Company (and if acquired by
      the
      Company, the Mortgage Loan was underwritten in all material respects with the
      Company’s underwriting guidelines) or by a savings and loan association, a
      savings bank, a commercial bank or similar banking institution which is
      supervised and examined by a federal or state authority, or by a mortgagee
      approved as such by the Secretary of HUD;

     

    (xxi)  Principal
      payments on the Mortgage Loan commenced no more than sixty days after the
      proceeds of the Mortgage Loan were disbursed.  The Mortgage Loan bears
      interest at the Mortgage Interest Rate.  With respect to each Mortgage
      Loan which is not a Negative Amortization Loan, the Mortgage Note is payable
      on
      the first day of each month, or such other day of each month as may be specified
      in the Mortgage Loan Schedule, in Monthly Payments, which, in the case of a
      Fixed Rate Mortgage Loans, are sufficient to fully amortize the original
      principal balance over the original term thereof (other than with respect to
      a
      Mortgage Loan identified on the related Mortgage Loan Schedule as an
      interest-only Mortgage Loan during the interest-only period) and to pay interest
      at the related Mortgage Interest Rate, and, in the case of an Adjustable Rate
      Mortgage Loan, are changed on each Adjustment Date, and in any case, are
      sufficient to fully amortize the original principal balance over the original
      term thereof (other than with respect to a Mortgage Loan identified on the
      related Mortgage Loan Schedule as an interest-only Mortgage Loan during the
      interest-only period) and to pay interest at the related Mortgage Interest
      Rate.  With respect to each Negative Amortization Mortgage Loan, the
      related Mortgage Note requires a Monthly Payment which is sufficient during
      the
      period following each Payment Adjustment Date, to fully amortize the outstanding
      principal balance as of the first day of such period (including any Negative
      Amortization) over the then remaining term of such Mortgage Note and to pay
      interest at the related Mortgage Interest Rate; provided, that the Monthly
      Payment shall not increase to an amount that exceeds 107.5% of the amount of
      the
      Monthly Payment that was due immediately prior to the Payment Adjustment Date;
      provided, further, that the payment adjustment cap shall not be applicable
      with
      respect to the adjustment made to the Monthly Payment that occurs in a year
      in
      which the Mortgage Loan has been outstanding for a multiple of 5 years and
      in
      any such year the Monthly Payment shall be adjusted to fully amortize the
      Mortgage Loan over the remaining term.  With respect to each Mortgage
      Loan identified on the Mortgage Loan Schedule as an interest-only Mortgage
      Loan,
      the interest-only period shall not exceed ten (10) years (or such other period
      specified on the Mortgage Loan Schedule) and following the expiration of such
      interest-only period, the remaining Monthly Payments shall be sufficient to
      fully amortize the original principal balance over the remaining term of the
      Mortgage Loan and to pay interest at the related Mortgage Interest
      Rate.  The Index for each Adjustable Rate Mortgage Loan is as defined
      in the related Mortgage Loan Schedule.  No Mortgage Loan is a
      Convertible Mortgage Loan;

     

    (xxii)  The
      origination, servicing and collection practices used by the Company with respect
      to each Mortgage Note and Mortgage including, without limitation, the
      establishment, maintenance and servicing of the Escrow Accounts and Escrow
      Payments, if any, since origination have been in all respects legal, proper,
      prudent and customary in the mortgage origination and servicing
      industry.  The Mortgage Loan has been serviced by the Company and any
      predecessor servicer in accordance with the terms of the Mortgage
      Note.  With respect to escrow deposits and Escrow Payments, if any,
      all such payments are in the possession of, or under the control of, the Company
      and there exist no deficiencies in connection therewith for which customary
      arrangements for repayment thereof have not been made. No escrow deposits or
      Escrow Payments or other charges or payments due the Company have been
      capitalized under any Mortgage or the related Mortgage Note and no such escrow
      deposits or Escrow Payments are being held by the Company for any work on a
      Mortgaged Property which has not been completed;

     

    (xxiii)  As
      of the related Closing Date,
      the Mortgaged Property is free of material damage and waste and there is
      no proceeding pending for the total or partial condemnation
      thereof;

     

    (xxiv)  The
      Mortgage and related Mortgage Note contain customary and enforceable provisions
      such as to render the rights and remedies of the holder thereof adequate for
      the
      realization against the Mortgaged Property of the benefits of the security
      provided thereby, including, (a) in the case of a Mortgage designated as a
      deed
      of trust, by trustee's sale, and (b) otherwise by judicial
      foreclosure.  Since the date of origination of the Mortgage Loan, the
      Mortgaged Property has not been subject to any bankruptcy proceeding or
      foreclosure proceeding and the Mortgagor has not filed for protection under
      applicable bankruptcy laws.  There is no homestead or other exemption
      available to the Mortgagor which would interfere with the right to sell the
      Mortgaged Property at a trustee's sale or the right to foreclose the Mortgage.
      As of the related Closing Date, the Mortgagor has not notified the Company
      and
      the Company has no knowledge of any relief requested or allowed to the Mortgagor
      under the Servicemembers’ Civil Relief Act;

     

    (xxv)  The
      Mortgage Loan was underwritten in accordance with the underwriting standards
      of
      the Company in effect at the time the Mortgage Loan was
      originated.  The Mortgage Note and Mortgage are on forms generally
      acceptable to FNMA and FHLMC;

     

    (xxvi)  The
      Mortgage Note is not and has not been secured by any collateral except the
      lien
      of the corresponding Mortgage on the Mortgaged Property and the security
      interest of any applicable security agreement or chattel mortgage referred
      to in
      (x) above;

     

    (xxvii)  The
      Mortgage File contains an appraisal of the related Mortgaged Property which
      satisfied the standards of FNMA and FHLMC, was on appraisal form 1004 or form
      2055 (or a form otherwise satisfactory to S&P and Moody’s) and was made and
      signed, prior to the approval of the Mortgage Loan application, by a qualified
      appraiser, duly appointed by the originator of the Mortgage Loan, who had no
      interest, direct or indirect in the Mortgaged Property or in any loan made
      on
      the security thereof, whose compensation is not affected by the approval or
      disapproval of the Mortgage Loan and who met the minimum qualifications of
      FNMA
      and FHLMC.  Each appraisal of the Mortgage Loan was made in accordance
      with the relevant provisions of the Financial Institutions Reform, Recovery,
      and
      Enforcement Act of 1989;

     

    (xxviii)  In
      the
      event the Mortgage 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, and no fees or expenses are or will become
      payable by the Purchaser to the trustee under the deed of trust, except in
      connection with a trustee's sale after default by the Mortgagor;

     

    (xxix)  No
      Mortgage Loan contains provisions pursuant to which Monthly Payments are (a)
      paid or partially paid with funds deposited in any separate account established
      by the Company, the Mortgagor, or anyone on behalf of the Mortgagor, (b) paid
      by
      any source other than the Mortgagor or (c) contains any other similar provisions
      which may constitute a “buydown” provision. The Mortgage Loan is not a graduated
      payment mortgage loan and the Mortgage Loan does not have a shared appreciation
      or other contingent interest feature;

     

    (xxx)  The
      Mortgagor has executed a statement to the effect that the Mortgagor has received
      all disclosure materials required by applicable law with respect to the making
      of fixed rate mortgage loans in the case of Fixed Rate Mortgage Loans, and
      adjustable rate mortgage loans in the case of Adjustable Rate Mortgage Loans
      and
      rescission materials with respect to Refinanced Mortgage Loans, and such
      statement is and will remain in the Mortgage File;

     

    (xxxi)  No
      Mortgage Loan was made in connection with (a) the construction or rehabilitation
      of a Mortgaged Property or (b) facilitating the trade-in or exchange of a
      Mortgaged Property;

     

    (xxxii)  The
      Company has no knowledge of any circumstances or condition with respect to
      the
      Mortgage, the Mortgaged Property, the Mortgagor or the Mortgagor's credit
      standing that can reasonably be expected to cause private institutional
      investors who routinely invest in mortgage loans similar to the Mortgage Loan
      to
      regard the Mortgage Loan to be an unacceptable investment, cause the Mortgage
      Loan to become delinquent, or adversely affect the value of the Mortgage
      Loan;

     

    (xxxiii)  No
      Mortgage Loan shall have a loan-to-value ratio in excess of 103.00% as of the
      origination of such Mortgage Loan based on the lesser of sales price or
      appraisal. No Mortgage Loan shall have a combined loan-to-value ratio in excess
      of 103.00% as of the origination of such Mortgage Loan based on the lesser
      of
      sales price or appraisal;

     

    (xxxiv)  The
      Mortgaged Property is lawfully occupied under applicable law; 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,
      have been made or obtained from the appropriate authorities;

     

    (xxxv)  No
      error,
      omission, misrepresentation, negligence, fraud or similar occurrence with
      respect to a Mortgage Loan has taken place on the part of the Company, the
      related Seller, or to the best of the Company’s knowledge, on the part of any
      other person, including without limitation the Mortgagor, any appraiser, any
      builder or developer, or any other party involved in the origination of the
      Mortgage Loan or in the application of any insurance in relation to such
      Mortgage Loan;

     

    (xxxvi)  The
      Assignment of Mortgage is in recordable form and (other than with respect to
      the
      blank assignee)  is acceptable for recording under the laws of the
      jurisdiction in which the Mortgaged Property is located;

     

    (xxxvii)  Any
      principal advances made to the Mortgagor prior to the related Cut-off Date
      have
      been consolidated with the outstanding principal amount secured by the Mortgage,
      and the secured principal amount, as consolidated, bears a single interest
      rate
      and single repayment term. The lien of the Mortgage securing the consolidated
      principal amount is expressly insured as having first or second (as indicated
      on
      the Mortgage Loan Schedule) lien priority by a title insurance policy, an
      endorsement to the policy insuring the mortgagee's consolidated interest or
      by
      other title evidence acceptable to FNMA and FHLMC. The consolidated principal
      amount does not exceed the original principal amount of the Mortgage Loan plus
      any Negative Amortization;

     

    (xxxviii)  No
      Mortgage Loan has a balloon payment feature;

     

    (xxxix)  If
      the
      Residential Dwelling on the Mortgaged Property is a condominium unit or a unit
      in a planned unit development (other than a de minimis planned unit development)
      such condominium or planned unit development project meets the eligibility
      requirements of FNMA and FHLMC;

     

    (xl)  With
      respect to each Mortgage Loan, the Company has fully and accurately furnished
      complete information (i.e., favorable and unfavorable) on the related borrower
      credit files to Equifax, Experian and Trans Union Credit Information Company
      on
      a monthly basis and in accordance with the Fair Credit Reporting Act and its
      implementing regulations, and, for each Mortgage Loan, the Company will furnish,
      in accordance with the Fair Credit Reporting Act and its implementing
      regulations, accurate and complete information on its borrower credit files
      to
      Equifax, Experian, and Trans Union Credit  Information Company, on a
      monthly basis;

     

    (xli)  The
      source of the down payment with respect to each Mortgage Loan has been fully
      verified by the Company, if applicable, in accordance with the Company’s
      underwriting guidelines;

     

    (xlii)  Interest
      on each Mortgage Loan is calculated on the basis of a 360-day year consisting
      of
      twelve 30-day months;

     

    (xliii)  The
      Company shall, at its own expense, cause each Mortgage Loan to be covered by
      a
      Tax Service Contract which is assignable to the Purchaser or its designee;
      provided however, that if the Company fails to purchase such Tax Service
      Contract, the Company shall be required to reimburse the Purchaser for all
      costs
      and expenses incurred by the Purchaser in connection with the purchase of any
      such Tax Service Contract;

     

    (xliv)  Each
      Mortgage Loan is covered by a Flood Zone Service Contract which is assignable
      to
      the Purchaser or its designee or, for each Mortgage Loan not covered by such
      Flood Zone Service Contract, the Company agrees to purchase such Flood Zone
      Service Contract;

     

    (xlv)  As
      of the
      related Closing Date. the Mortgaged Property is in material compliance with
      all
      applicable environmental laws pertaining to environmental hazards including,
      without limitation, asbestos, and neither the Company nor, to the Company’s
      knowledge, the related Mortgagor, has received any notice of any violation
      or
      potential violation of such law;

     

    (xlvi)  No
      Mortgage Loan is (a)(1) subject to the provisions of the Homeownership and
      Equity Protection Act of 1994 as amended (“HOEPA”) or (2) has an “annual
      percentage rate” or “total points and fees” (as each such term is defined under
      HOEPA) payable by the Mortgagor that equal or exceed the applicable thresholds
      defined under HOEPA (as defined in 12 CFR 226.32 (a)(1)(i) and (ii)), (b) a
      “high cost” mortgage loan, “covered” mortgage loan, “high risk home” mortgage
      loan,  or “predatory” mortgage loan or any other comparable term, no
      matter how defined under any federal, state or local law, (c) subject to any
      comparable federal, state or local statutes or regulations, or any other statute
      or regulation providing for heightened regulatory scrutiny or assignee liability
      to holders of such mortgage loans, or (d) a High Cost Loan or Covered Loan,
      as
      applicable (as such terms are defined in the current Standard & Poor’s
      LEVELS® Glossary Revised, Appendix E);

     

    (xlvii)  No
      predatory, abusive, or deceptive lending practices, including but not limited
      to, the extension of credit to a mortgagor without regard for the mortgagor’s
      ability to repay the Mortgage Loan and the extension of credit to a mortgagor
      which has no apparent benefit to the mortgagor, were employed in connection
      with
      the origination of the Mortgage Loan.  Each Mortgage Loan (other than with respect to
      the points
      and fees threshold in connection with Mortgage Loans that are not Points and
      Fees Eligible Loans and escrow payment requirements) is in compliance
      with the anti-predatory lending eligibility for purchase requirements of the
      FNMA Guides;

     

    (xlviii)  Unless
      otherwise provided in the related Mortgage Loan Schedule, the debt-to-income
      ratio of the related Mortgagor was not greater than 65% at the origination
      of
      the related Mortgage Loan;

     

    (xlix)  No
      Mortgagor was required to purchase any credit insurance product (e.g., life,
      mortgage, disability, accident, unemployment or health insurance product) or
      debt cancellation agreement as a condition of obtaining the extension of
      credit.  No Mortgagor obtained a prepaid single premium credit
      insurance policy (e.g., life, mortgage, disability, accident, unemployment
      or
      health insurance product) or debt cancellation agreement in connection with
      the
      origination of the Mortgage Loan.  No proceeds from any Mortgage Loan
      were used to purchase single premium credit insurance policies or debt
      cancellation agreements as part of the origination of, or as a condition to
      closing, such Mortgage Loan;

     

    (l)  The
      Mortgage Loans were not selected from the outstanding fixed rate or
      adjustable-rate one to four-family mortgage loans in the Company’s portfolio at
      the related Cut-off Date as to which the representations and warranties set
      forth in this Agreement could be made in a manner so as to affect adversely
      the
      interests of the Purchaser;

     

    (li)  The
      Mortgage contains an enforceable provision for the acceleration of the payment
      of the unpaid principal balance of the Mortgage Loan in the event that the
      Mortgaged Property is sold or transferred without the prior written consent
      of
      the mortgagee thereunder;

     

    (lii)  The
      Mortgage Loan complies with all applicable consumer credit statutes and
      regulations, including, without limitation, the respective Uniform Consumer
      Credit Code laws in effect in Alabama, Colorado, Idaho, Indiana, Iowa, Kansas,
      Maine, Oklahoma, South Carolina, Utah, West Virginia and Wyoming, has been
      originated by a properly licensed entity, and in all other respects, complies
      with all of the material requirements of any such applicable laws;

     

    (liii)  The
      information set forth in the Prepayment Charge Schedule is complete, true and
      correct in all material respects and each Prepayment Charge is permissible,
      enforceable and collectable under applicable federal and state law in effect
      at
      the time of origination;

     

    (liv)  The
      Mortgage Loan was not prepaid in full prior to the related Closing Date and
      the
      Company has not received notification from a Mortgagor that a prepayment in
      full
      shall be made after the Closing Date;

     

    (lv)  No
      Mortgage Loan is secured by cooperative housing, commercial property or mixed
      use property;

     

    (lvi)  Any
      Mortgaged Property that is considered manufactured housing shall be legally
      classified as real property, is permanently affixed to a foundation and must
      assume that characteristics of site-built housing and must otherwise conform
      to
      the requirements (A) for inclusion in residential mortgage backed securities
      transactions rated by S&P and (B) of Fannie Mae and Freddie Mac, including,
      but not limited to, the requirements that (i) the related Note or contract,
      as
      applicable, be secured by a “single family residence” within the meaning of
      Section 25(e)(10) of the Code, (ii) the fair market value of the manufactured
      home securing each related Note or contract, as applicable, was at least equal
      to 80% of the original principal balance of such Note or contract, as
      applicable, and (iii) each related Note or contract, as applicable, is a
“qualified mortgage” under Section 860G(a)(3) of the Code;

     

    (lvii)  Each
      Mortgage Loan is eligible for sale in the secondary market or for inclusion
      in a
      Securitization Transaction without unreasonable credit enhancement;

     

    (lviii)  All
      points and fees related to each Mortgage Loan were disclosed in writing to
      the
      related Mortgagor in accordance with applicable state and federal laws and
      regulations.  Except as otherwise noted on the Mortgage Loan Schedule,
      no related Mortgagor was charged “points and fees” (whether or not financed) in
      an amount greater than (a) $1,000 or (b) 5% of the principal amount of such
      loan, whichever is greater, such 5% limitation is calculated in accordance
      with
      Fannie Mae’s anti-predatory lending requirements as set forth in the Fannie Mae
      Guides.  For purposes of this representation, “points and fees” (a)
      include origination, underwriting, broker and finder’s fees and other charges
      that the lender imposed as a condition of making the loan, whether they are
      paid
      to the lender or a third party, and (b) exclude bona fide discount points,
      fees
      paid for actual services rendered in connection with the origination of the
      mortgage (such as attorneys’ fees, notaries fees and fees paid for property
      appraisals, credit reports, surveys, title examinations and extracts, flood
      and
      tax certifications, and home inspections); the cost of mortgage insurance or
      credit-risk price adjustments; the costs of title, hazard, and flood insurance
      policies; state and local transfer taxes or fees; escrow deposits for the future
      payment of taxes and insurance premiums; and other miscellaneous fees and
      charges, which miscellaneous fees and charges, in total, do not exceed 0.25
      percent of the loan amount.  All points, fees and charges (including
      finance charges) and whether or not financed, assessed, collected or to be
      collected in connection with the origination and servicing of each Mortgage
      Loan
      were disclosed in writing to the related  Mortgagor  in
      accordance with applicable state and federal laws and regulations;

     

    (lix)  Except
      as
      set forth on the related Mortgage Loan Schedule, none of the Mortgage Loans
      are
      subject to a Prepayment Charge.  With respect to any Mortgage Loan
      that contains a provision permitting imposition of a premium upon a prepayment
      prior to maturity: (a) the Mortgage Loan provides some benefit to the Mortgagor
      (e.g. a rate or fee reduction) in exchange for accepting such Prepayment Charge;
      (b) the Mortgage Loan’s originator had a written policy of offering the
      Mortgagor, or requiring third-party brokers to offer the Mortgagor, the option
      of obtaining a Mortgage Loan that did not require payment of such a Prepayment
      Charge; (c) the Prepayment Charge was adequately disclosed to the Mortgagor
      pursuant to applicable state and federal law; (d) no Mortgage Loan originated
      on
      or after October 1, 2002 provides for prepayment penalties for a term in excess
      of three years and no Mortgage Loan originated prior to such date provides
      for
      prepayment penalties for a term in excess of five years; and (e) such Prepayment
      Charge shall not be imposed in any instance where the Mortgage Loan is
      accelerated or paid off in connection with the workout of a delinquent Mortgage
      or due to the Mortgagor’s default, notwithstanding that the terms of the
      Mortgage Loan or state or federal law might permit the imposition of such
      Prepayment Charge;

     

    (lx)  The
      Company has complied with all applicable anti-money laundering laws and
      regulations, including without limitation the Bank Secrecy Act, as amended
      by
      the USA Patriot Act of 2001 (collectively, the “Anti-Money Laundering Laws”);
      the Company has established an anti-money laundering compliance program as
      required by the Anti-Money Laundering Laws, has conducted the requisite due
      diligence in connection with the origination of each Mortgage Loan for purposes
      of the Anti-Money Laundering Laws, including with respect to the legitimacy
      of
      the applicable Mortgagor and the origin of the assets used by the said Mortgagor
      to purchase the property in question, and maintains, and will maintain,
      sufficient information to identify and verify the identification of the
      applicable Mortgagor for purposes of the Anti-Money Laundering
      Laws.  No Mortgage Loan is subject to nullification pursuant to
      Executive Order 13224 (the “Executive Order”) or the regulations promulgated by
      the Office of Foreign Assets Control of the United States Department of the
      Treasury (the “OFAC Regulations”) or in violation of the Executive Order or the
      OFAC Regulations, and no Mortgagor is subject to the provisions of such
      Executive Order or the OFAC Regulations nor listed as a “specially designated
      national or blocked person” for purposes of the OFAC Regulations;

     

    (lxi)  No
      Mortgage Loan is secured by real property or secured  by a
      manufactured home located in the state of Georgia unless (x) such Mortgage
      Loan
      was originated prior to October 1, 2002 or after March 6, 2003, or (y) the
      property securing the Mortgage Loan is not, nor will be, occupied by the
      Mortgagor as the Mortgagor’s principal dwelling.  No Mortgage Loan is
      a “High Cost Home Loan” as defined in the Georgia Fair Lending Act, as amended
      (the “Georgia Act”).   Each Mortgage Loan that is a “Home Loan”
under the Georgia Act complies with all applicable provisions of the Georgia
      Act. No Mortgage Loan subject to the Georgia Act and secured by owner occupied
      real property or an owner occupied manufactured home located in the State of
      Georgia was originated (or modified) on or after October 1, 2002 through and
      including March 6, 2003;

     

    (lxii)  The
      Mortgagor was not encouraged or required to select a mortgage loan product
      offered by the Mortgage Loan’s originator which is a higher cost product
      designed for less creditworthy borrowers, taking into account such facts as,
      without limitation, the Mortgage Loan’s requirements and the Mortgagor’s credit
      history, income, assets and liabilities.  If the Mortgagor sought
      financing through the mortgage loan originator’s higher-priced subprime lending
      channel, the Mortgagor was directed towards or offered the mortgage loan
      originator’s standard mortgage line if the Mortgagor was able to qualify for one
      of the standard products.  If, at the time of loan application, the
      Mortgagor may have qualified for a lower cost credit product then offered by
      any
      mortgage lending affiliate of the Mortgage Loan’s originator, the Mortgage
      Loan’s originator referred the Mortgagor’s application to such affiliate for
      underwriting consideration;

     

    (lxiii)  The
      methodology used in underwriting the extension of credit for each Mortgage
      Loan
      did not rely solely on the extent of the Mortgagor’s equity in the collateral as
      the principal determining factor in approving such extension of credit. The
      methodology employed related objective criteria such as the Mortgagor’s income,
      assets, and liabilities to the proposed mortgage payment and, based on such
      methodology, the Mortgage Loan’s originator made a reasonable determination that
      at the time of origination the Mortgagor had the ability to make timely payments
      on the Mortgage Loan;

     

    (lxiv)  With
      respect to any Mortgage Loan which is secured by manufactured housing, such
      Mortgage Loan satisfies the requirements for inclusion in residential mortgage
      backed securities transactions rated by Standard & Poor's Ratings Services
      and such manufactured housing will be the principal residence of the Mortgagor
      upon the origination of the Mortgage Loan.  With respect to any second
      lien Mortgage Loan, such lien is on a one-to four-family residence that is
      (or
      will be) the principal residence of the Mortgagor upon the origination of the
      second lien Mortgage Loan;

     

    (lxv)  No
      Mortgage Loan (a) is secured by property located in the State of New York;
      (b)
      had an unpaid principal balance at origination of $300,000 or less, and (c)
      has
      an application date on or after April 1, 2003, the terms of which Mortgage
      Loan
      equal or exceed either the APR or the points and fees threshold for “high-cost
      home loans”, as defined in Section 6-1 of the New York State Banking
      Law;

     

    (lxvi)  The
      Company will transmit full-file credit reporting data for each Mortgage Loan
      pursuant to Fannie Mae Guide Announcement 95-19 and for each Mortgage Loan,
      Company agrees it shall report one of the following statuses each month as
      follows: new origination, current, delinquent (30-, 60-, 90-days, etc.),
      foreclosed, or charged-off;

     

    (lxvii)  No
      Mortgage Loan is a “High-Cost” loan as defined under the New York Banking Law
      Section 6-1, effective as of April 1, 2003;

     

    (lxviii)  No
      Mortgage Loan is a “High Cost Home Loan” as defined in the Arkansas Home Loan
      Protection Act effective July 16, 2003 (Act 1340 or 2003);

     

    (lxix)  No
      Mortgage Loan is a “High Cost Home Loan” as defined in the Kentucky high-cost
      loan statute effective June 24, 2003 (Ky. Rev. Stat.
      Section 360.100);

     

    (lxx)  No
      Mortgage Loan secured by property located in the State of Nevada is a “home
      loan” as defined in the Nevada Assembly Bill No. 284;

     

    (lxxi)  No
      Mortgage Loan is a “manufactured housing loan” or “home improvement home loan”
pursuant to the New Jersey Home Ownership Act.  No Mortgage Loan is a
“High-Cost Home Loan” or a refinanced “Covered Home Loan,” in each case, as
      defined in the New Jersey Home Ownership Act effective November 27, 2003
      (N.J.S.A. 46;10B-22 et seq.);

     

    (lxxii)  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);

     

    (lxxiii)  No
      Mortgage Loan is a subsection 10 mortgage under the Oklahoma Home Ownership
      and
      Equity protection Act;

     

    (lxxiv)  No
      Mortgage Loan is a “High-Cost Home Loan” as defined in the New Mexico Home Loan
      Protection Act effective January 1, 2004 (N.M. Stat. Ann. §§ 58-21A-1 et
      seq.);

     

    (lxxv)  No
      Mortgage Loan is a “High-Risk Home Loan” as defined in the Illinois High-Risk
      Home Loan Act effective January 1, 2004 (815 Ill. Comp. Stat. 137/1 et
      seq.).  If applicable to the related Mortgage Loan, each Mortgage Loan
      secured by a property located within the Cook County, Illinois anti-predatory
      lending Pilot Program area (i.e., ZIP Codes 60620, 60621, 60623, 60628, 60629,
      60632, 60636, 60638, 60643 and 60652) complies with the recording requirements
      outlined in Illinois House Bill 4050 and Senate Bill 304 effective September
      1,
      2006;

     

    (lxxvi)  No
      Loan
      that is secured by property located within the State of Maine meets the
      definition of a (i) “high-rate, high-fee” mortgage loan under Article VIII,
      Title 9-A of the Maine Consumer Credit Code or (ii) “High-Cost Home Loan” as
      defined under the Maine House Bill 383 L.D. 494, effective as of September
      13,
      2003;

     

    (lxxvii)  No
      Loan
      is a “High Cost Home Loan” governed by the Indiana Home Loan Practices Act,
      effective January 1, 2006 (Ind. Code Ann. §§ 24-9-1 et seq.);

     

    (lxxviii)  The
      Mortgagor has not made or caused to be made any payment in the nature of an
      “average” or “yield spread premium” to a mortgage broker or a like Person which
      has not been fully disclosed to the Mortgagor;

     

    (lxxix)  With
      respect to each MOM Loan, a MIN has been assigned by MERS and such MIN is
      accurately provided on the Mortgage Loan Schedule.  The related
      Assignment of Mortgage to MERS has been duly and properly recorded, or has
      been
      delivered for recording to the applicable recording office;

     

    (lxxx)  With
      respect to each MOM Loan, Company has not received any notice of liens or legal
      actions with respect to such Mortgage Loan and no such notices have been
      electronically posted by MERS;

     

    (lxxxi)  With
      respect to each second lien Mortgage Loan, (i) if the related first lien
      provides for negative amortization, the CLTV was calculated at the maximum
      principal balance of such first lien that could result upon application of
      such
      negative amortization feature, and (ii) either no consent for the Mortgage
      Loan
      is required by the holder of the first lien or such consent has been obtained
      and is contained in the Mortgage File;

     

    (lxxxii)   With
      respect to any Mortgage Loan originated on or after August 1, 2004, no Mortgagor
      agreed to submit to arbitration to resolve any dispute arising out of or
      relating in any way to the Mortgage Loan transaction.  No Mortgage
      Loan is subject to any mandatory arbitration;

     

    (lxxxiii)  No
      Mortgage Loan is a “High-Cost
      Home Mortgage Loan” as defined in the Massachusetts Predatory Home Loan
      Practices Act,
      effective November 7, 2004 (Mass. Ann. Laws Ch. 183C).  If any
      Mortgage Loan secured by a Mortgaged Property located in the Commonwealth of
      Massachusetts was made to pay off or refinance an existing loan or other debt
      of
      the related borrower (as the term “borrower” is defined in the regulations
      promulgated by the Massachusetts Secretary of State in connection with
      Massachusetts House Bill 4880 (2004)) unless either (1) (a) the related Mortgage
      Interest Rate (that would be effective once the introductory rate expires,
      with
      respect to Adjustable Rate Mortgage Loans) did or would not exceed by more
      than
      2.25% the yield on United States Treasury securities having comparable periods
      of maturity to the maturity of the related Mortgage Loan as of the fifteenth
      day
      of the month immediately preceding the month in which the application for the
      extension of credit was received by the related lender or (b) the Mortgage
      Loan
      is an “open-end home loan” (as such term is used in the Massachusetts House Bill
      4880 (2004)) and the related Mortgage Note provides that the related Mortgage
      Interest Rate may not exceed at any time the Prime rate index as published
      in
      The Wall Street Journal plus a margin of one percent, or (2) such Mortgage
      Loan
      is in the "borrower's interest," as documented by a "borrower's interest
      worksheet" for the particular Mortgage Loan, which worksheet incorporates the
      factors set forth in Massachusetts House Bill 4880 (2004) and the regulations
      promulgated thereunder for determining "borrower's interest," and otherwise
      complies in all material respects with the laws of the Commonwealth of
      Massachusetts;

     

    (lxxxiv)  The
      sale
      or transfer of the Mortgage Loan by the Seller complies with all applicable
      federal, state, and local laws, rules, and regulations governing such sale
      or
      transfer, including, without limitation, the Fair and Accurate Credit
      Transactions Act (“FACT Act”) and the Fair Credit Reporting Act, each as may be
      amended from time to time, and the Seller has not received any actual or
      constructive notice of any identity theft, fraud, or other misrepresentation
      in
      connection with such Mortgage Loan or any party thereto;

     

    (lxxxv)   In
      connection with the origination of any Mortgage Loan secured by a Mortgaged
      Property in the State of Ohio which closed on or after January 1, 2007 and
      which
      was originated pursuant to a no income/no asset documentation program or any
      other program pursuant to which the related Mortgagor was not required to
      disclose income, a reasonable determination was made that the related Mortgagor
      was able to repay such Mortgage Loan.   Each Mortgage Loan
      secured by a Mortgaged Property in the State of Ohio which closed on or after
      January 1, 2007, was originated in compliance with the Ohio Consumer Sales
      Practices Act (Oh. Rev. Stat. 1345.01 et seq.) and the regulations promulgated
      thereunder and was made only after reasonable and appropriate methods were
      used
      to determine the borrower's repayment ability, including without limitation,
      employment verification for stated income loans, which have been properly
      documented and verified; and

     

    (lxxxvi)  The
      Mortgage Loan is secured by a Residential Dwelling.  None of the
      Mortgage Loans is secured by a multifamily, commercial, industrial, agricultural
      or undeveloped property. Unless otherwise set forth on the Mortgage Loan
      Schedule, none of the Mortgage Loans is secured by a condotel unit or by a
      condominium unit that is part of a condominium development that operates as,
      or
      holds itself out to be, a condominium hotel, regardless of whether the unit
      itself is being used as a condotel unit.

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      D

     

    MORTGAGE
      LOAN SCHEDULE

     

    

     

    
      Soundview 2007-OPT2 Mortgage Loan Schedule: Exhibit D (Closing Pool as of 7/01/2007)

    

     

    
      
Loan Number                                 City                                       State           Zipcode       Occupancy Status                  Property Type                       Original Term        Remaining Term       LTV at Orginination           Mortgage Rate         1st Payment Date              Maturity Date            Orginal Payment
-----------                                 ----                                       -----           -------       ----------------                  -------------                       -------------        --------------       -------------------           -------------         ----------------              -------------            ---------------
061079632                                   SPRINGFIELD                                OH                45503       Non-owner                         Single Family Detached                        360                   359                        85                  11.825                 7/1/2007                   6/1/2037                     604.02
061080782                                   MEMPHIS                                    TN                38108       Non-owner                         Single Family Detached                        360                   357                        90                   10.75                 5/1/2007                   4/1/2037                     467.11
061081059                                   RICHWOOD                                   OH                43344       Primary                           Single Family Detached                        360                   359                        90                     9.9                 7/1/2007                   6/1/2037                    1331.39
061081303                                   AKRON                                      OH                44320       Primary                           Single Family Detached                        360                   359                        80                   11.75                 7/1/2007                   6/1/2037                      686.4
061081475                                   CINCINNATI                                 OH                45242       Primary                           Single Family Detached                        360                   359                     76.54                    8.65                 7/1/2007                   6/1/2037                    3102.69
061081673                                   WOOSTER                                    OH                44691       Primary                           Single Family Detached                        360                   358                        90                     9.7                 6/1/2007                   5/1/2037                     933.93
061081687                                   WILLIAMSBURG                               VA                23185       Primary                           Single Family Detached                        360                   359                        75                   10.15                 7/1/2007                   6/1/2037                    1472.98
061081769                                   BLUFFTON                                   OH                45817       Primary                           Single Family Detached                        360                   358                     88.32                   8.975                 6/1/2007                   5/1/2037                     971.42
061081841                                   CINCINNATI                                 OH                45227       Primary                           Single Family Detached                        360                   359                     89.99                   11.39                 7/1/2007                   6/1/2037                      992.9
061081858                                   WARRENSVILLE HGTS                          OH                44128       Non-owner                         Single Family Detached                        360                   359                        90                    11.3                 7/1/2007                   6/1/2037                    1017.96
061081859                                   JENKINS                                    KY                41537       Primary                           Single Family Detached                        360                   359                        90                    10.8                 7/1/2007                   6/1/2037                     970.05
061081957                                   MANTUA                                     OH                44255       Primary                           Single Family Detached                        360                   358                        89                    8.65                 6/1/2007                   5/1/2037                    1595.78
061082032                                   RICHMOND                                   KY                40475       Primary                           Single Family Detached                        360                   359                        90                     9.7                 7/1/2007                   6/1/2037                     645.35
061082043                                   AKRON                                      OH                44319       Non-owner                         Single Family Detached                        360                   358                     89.99                      12                 6/1/2007                   5/1/2037                     962.68
061082137                                   EASTLAKE                                   OH                44095       Primary                           Single Family Detached                        360                   358                     81.82                     8.5                 6/1/2007                   5/1/2037                     830.43
061082173                                   FAIRBORN                                   OH                45324       Primary                           Single Family Detached                        360                   359                        90                   10.05                 7/1/2007                   6/1/2037                      832.8
061082177                                   AKRON                                      OH                44319       Primary                           Single Family Detached                        360                   359                     89.99                    8.99                 7/1/2007                   6/1/2037                    1026.35
061082216                                   VICKSBURG                                  MS                39180       Primary                           Single Family Detached                        360                   359                     82.96                   8.287                 7/1/2007                   6/1/2037                    1688.67
061082358                                   OBERLIN                                    OH                44074       Primary                           Single Family Detached                        360                   359                        65                    9.55                 7/1/2007                   6/1/2037                    1640.12
061082361                                   CLEVELAND                                  OH                44120       Primary                           Single Family Detached                        360                   358                        85                    9.65                 6/1/2007                   5/1/2037                     760.25
061082364                                   CLEVELAND                                  OH                44110       Non-owner                         2-4 Units Detached                            360                   358                     89.99                    10.3                 6/1/2007                   5/1/2037                     728.77
061082373                                   WARRENSVILLE HTS                           OH                44128       Non-owner                         Single Family Detached                        360                   359                     52.38                      12                 7/1/2007                   6/1/2037                     565.74
061082414                                   COLD SPRING                                KY                41076       Primary                           Single Family Detached                        360                   359                     84.58                   8.525                 7/1/2007                   6/1/2037                    1042.89
061082436                                   OAK HARBOR                                 OH                43449       Primary                           Single Family Detached                        360                   359                     88.57                   11.15                 7/1/2007                   6/1/2037                     597.48
061082474                                   MILLINGTON                                 TN                38053       Primary                           Single Family Detached                        360                   359                     71.48                   11.55                 7/1/2007                   6/1/2037                     568.43
061082479                                   SEVILLE                                    OH                44273       Primary                           Single Family Detached                        360                   359                     88.29                    8.99                 7/1/2007                   6/1/2037                    1100.14
061082485                                   MIAMISBURG                                 OH                45342       Primary                           Single Family Detached                        360                   359                        90                    11.8                 7/1/2007                   6/1/2037                    1062.39
061082497                                   JEFFERSONVILLE                             IN                47130       Primary                           Single Family Detached                        360                   358                     88.23                    8.75                 6/1/2007                   5/1/2037                    2151.63
061082508                                   MEDINA                                     OH                44256       Primary                           Single Family Detached                        360                   359                        65                   12.25                 7/1/2007                   6/1/2037                    1879.93
061082549                                   BORDEN                                     IN                47106       Primary                           Single Family Detached                        360                   359                        80                     8.6                 7/1/2007                   6/1/2037                     2607.4
061082578                                   SWANTON                                    OH                43558       Primary                           Single Family Detached                        360                   359                        85                    9.99                 7/1/2007                   6/1/2037                     935.36
061082591                                   CECILIA                                    KY                42724       Primary                           Single Family Detached                        360                   359                        90                   9.625                 7/1/2007                   6/1/2037                    1063.34
061082628                                   WILLARD                                    OH                44890       Primary                           Single Family Detached                        360                   359                     77.52                    9.99                 7/1/2007                   6/1/2037                     876.83
061082635                                   MASON                                      OH                45040       Non-owner                         Condo Low-Rise Attached                       360                   358                        80                    11.8                 6/1/2007                   5/1/2037                     599.84
061082644                                   CHATTANOOGA                                TN                37411       Non-owner                         Single Family Detached                        360                   359                     70.18                    9.85                 7/1/2007                   6/1/2037                     693.21
061082693                                   CLEVELAND                                  OH                44108       Non-owner                         Single Family Detached                        360                   359                        80                   11.75                 7/1/2007                   6/1/2037                        751
061082716                                   LAWRENCEBURG                               IN                47025       Primary                           Single Family Detached                        360                   359                        90                   9.425                 7/1/2007                   6/1/2037                    1556.19
061082728                                   PHILADELPHIA                               PA                19134       Non-owner                         Single Family Attached                        360                   359                      89.9                   11.85                 7/1/2007                   6/1/2037                     548.61
061082745                                   CHATTANOOGA                                TN                37421       Primary                           Single Family Detached                        360                   359                        85                  10.325                 7/1/2007                   6/1/2037                    1161.14
061082763                                   WEST MANSFIELD                             OH                43358       Primary                           Single Family Detached                        360                   359                        90                   10.35                 7/1/2007                   6/1/2037                    1015.67
061082772                                   LA VERGNE                                  TN                37086       Primary                           Single Family Detached                        360                   359                        85                  10.675                 7/1/2007                   6/1/2037                    1175.12
061082794                                   MEMPHIS                                    TN                38116       Primary                           Single Family Detached                        360                   358                        90                  10.825                 6/1/2007                   5/1/2037                    1251.76
061082808                                   MARION                                     OH                43302       Non-owner                         Single Family Detached                        360                   359                        90                    11.9                 7/1/2007                   6/1/2037                     666.15
061082815                                   CLEVELAND                                  TN                37323       Primary                           Single Family Detached                        360                   359                     59.07                     8.7                 7/1/2007                   6/1/2037                     994.59
061082819                                   CLEVELAND                                  OH                44108       Primary                           Single Family Detached                        360                   359                        80                    11.9                 7/1/2007                   6/1/2037                     735.06
061082823                                   PORT ORANGE                                FL                32127       Primary                           Single Family Detached                        360                   359                        65                    7.65                 7/1/2007                   6/1/2037                    1277.48
061082827                                   MEMPHIS                                    TN                38125       Primary                           Single Family Attached                        360                   358                        90                   9.425                 6/1/2007                   5/1/2037                    1187.04
061082843                                   MALVERN                                    OH                44644       Primary                           Single Family Detached                        360                   359                     89.99                      10                 7/1/2007                   6/1/2037                    1038.04
061082845                                   BETHEL                                     OH                45106       Primary                           Single Family Detached                        360                   359                     79.04                   9.725                 7/1/2007                   6/1/2037                    1131.66
061082855                                   BRIDGMAN                                   MI                49106       Primary                           Single Family Detached                        360                   358                        85                     9.5                 6/1/2007                   5/1/2037                    1143.56
061082857                                   CINCINNATI                                 OH                45232       Primary                           Single Family Detached                        360                   359                        90                  11.938                 7/1/2007                   6/1/2037                     598.95
061082880                                   PARMA                                      OH                44130       Primary                           Single Family Detached                        360                   359                     89.99                    9.65                 7/1/2007                   6/1/2037                     966.77
061082882                                   CINCINNATI                                 OH                45220       Non-owner                         Condo Low-Rise Attached                       360                   359                        80                   11.05                 7/1/2007                   6/1/2037                    1835.72
061082979                                   MEDINA                                     OH                44256       Non-owner                         Single Family Detached                        360                   359                     76.53                    12.2                 7/1/2007                   6/1/2037                     783.03
061083022                                   SLEEPY EYE                                 MN                56085       Primary                           Single Family Detached                        360                   359                        90                    11.1                 7/1/2007                   6/1/2037                    1137.57
061083042                                   MEMPHIS                                    TN                38115       Primary                           Single Family Detached                        360                   359                        90                     9.2                 7/1/2007                   6/1/2037                     958.29
061083063                                   PARMA                                      OH                44134       Primary                           Single Family Detached                        360                   359                        80                   9.125                 7/1/2007                   6/1/2037                    1041.45
061083128                                   CLEVELAND                                  OH                44108       Non-owner                         Single Family Detached                        360                   359                        85                   10.75                 7/1/2007                   6/1/2037                     714.11
061083207                                   MOUNT ORAB                                 OH                45154       Primary                           Single Family Detached                        360                   359                     79.65                    10.1                 7/1/2007                   6/1/2037                     796.47
061083211                                   CINCINNATI                                 OH                45251       Primary                           Single Family Detached                        360                   359                        90                     9.2                 7/1/2007                   6/1/2037                     891.21
061083224                                   MEMPHIS                                    TN                38116       Non-owner                         Single Family Detached                        360                   359                        90                   11.85                 7/1/2007                   6/1/2037                     668.22
061083282                                   MAPLE HGTS                                 OH                44137       Primary                           Single Family Detached                        360                   359                        80                   9.575                 7/1/2007                   6/1/2037                     846.33
061083484                                   WESTERVILLE                                OH                43082       Primary                           Single Family Detached                        360                   359                        85                     8.9                 7/1/2007                   6/1/2037                    2324.93
111003367                                   EWA BEACH                                  HI                96706       Primary                           Single Family Detached                        360                   358                     82.76                     6.6                 6/1/2007                   5/1/2037                       1980
111003370                                   WAILUKU                                    HI                96793       Primary                           Single Family Detached                        360                   358                     58.95                    8.05                 6/1/2007                   5/1/2037                    1957.39
111003372                                   CAPTAIN COOK                               HI                96704       Primary                           Single Family Detached                        360                   358                     73.47                   6.525                 6/1/2007                   5/1/2037                    1973.95
111003397                                   WAIPAHU                                    HI                96797       Non-owner                         Condo Low-Rise Attached                       360                   358                        85                    8.85                 6/1/2007                   5/1/2037                    1315.81
111003400                                   HANA                                       HI                96713       Primary                           Single Family Detached                        360                   358                     58.33                    7.05                 6/1/2007                   5/1/2037                    2119.19
111003414                                   WAIPAHU                                    HI                96797       Primary                           Single Family Detached                        360                   359                     50.15                     6.4                 7/1/2007                   6/1/2037                     1966.5
111003423                                   HILO                                       HI                96720       Primary                           Single Family Detached                        360                   358                        80                    6.99                 6/1/2007                   5/1/2037                    1466.25
111003433                                   HONOLULU                                   HI                96819       Primary                           Single Family Detached                        360                   359                     73.87                   6.012                 7/1/2007                   6/1/2037                    2161.79
111003440                                   WAIPAHU                                    HI                96797       Primary                           Single Family Detached                        360                   359                        90                    7.65                 7/1/2007                   6/1/2037                    3793.06
111003451                                   KIHEI                                      HI                96753       Primary                           Single Family Detached                        360                   359                     42.37                    6.95                 7/1/2007                   6/1/2037                    1654.87
111003476                                   HONOLULU                                   HI                96826       Primary                           Condo High-Rise Attached                      360                   359                     60.15                    7.45                 7/1/2007                   6/1/2037                    2564.51
111003485                                   EWA BEACH                                  HI                96706       Primary                           Condo Low-Rise Detached                       360                   359                        85                   6.625                 7/1/2007                   6/1/2037                     1566.2
111003488                                   HONOLULU                                   HI                96819       Primary                           Single Family Detached                        360                   358                     45.45                   6.375                 6/1/2007                   5/1/2037                    3119.35
111003490                                   MILILANI                                   HI                96789       Primary                           PUD Detached                                  360                   359                     54.05                     6.4                 7/1/2007                   6/1/2037                     1668.6
111003495                                   WAIANAE                                    HI                96792       Primary                           Single Family Detached                        360                   359                        90                   7.975                 7/1/2007                   6/1/2037                    2305.87
111003500                                   KAILUA KONA                                HI                96740       Primary                           Single Family Detached                        360                   358                        80                    6.75                 6/1/2007                   5/1/2037                    2594.39
111003501                                   LAHAINA                                    HI                96761       Primary                           PUD Detached                                  360                   358                        85                     9.1                 6/1/2007                   5/1/2037                    4006.36
111003502                                   KANEOHE                                    HI                96744       Primary                           Condo Low-Rise Attached                       360                   359                     68.14                   8.125                 7/1/2007                   6/1/2037                    2453.95
111003513                                   KAILUA                                     HI                96734       Primary                           Condo Low-Rise Attached                       360                   359                     52.41                     7.7                 7/1/2007                   6/1/2037                     3101.4
111003547                                   KAILUA                                     HI                96734       Primary                           Single Family Detached                        360                   359                     60.63                    6.55                 7/1/2007                   6/1/2037                    2426.88
121053813                                   NASHVILLE                                  MI                49073       Primary                           Single Family Detached                        360                   359                        85                     8.2                 7/1/2007                   6/1/2037                    2065.67
121053909                                   HAYWARD                                    WI                54843       Primary                           Single Family Detached                        360                   359                        65                   8.175                 7/1/2007                   6/1/2037                    1123.64
121054170                                   MILWAUKEE                                  WI                53207       Primary                           2-4 Units Detached                            360                   358                        90                     9.7                 6/1/2007                   5/1/2037                     962.42
121054274                                   MINNETONKA                                 MN                55305       Primary                           Single Family Detached                        360                   359                        80                    6.65                 7/1/2007                   6/1/2037                    2146.23
121054281                                   WESTLAND                                   MI                48185       Non-owner                         Condo Low-Rise Attached                       360                   358                        85                    12.1                 6/1/2007                   5/1/2037                     616.61
121054309                                   ISANTI                                     MN                55040       Primary                           Single Family Detached                        360                   359                        90                   8.875                 7/1/2007                   6/1/2037                    1611.18
121054351                                   MINNEAPOLIS                                MN                55418       Non-owner                         2-4 Units Detached                            360                   358                        80                   10.25                 6/1/2007                   5/1/2037                    3620.25
121054411                                   APPLETON                                   WI                54915       Primary                           Single Family Detached                        360                   359                        90                    10.2                 7/1/2007                   6/1/2037                     692.82
121054432                                   CHICAGO                                    IL                60652       Primary                           Single Family Detached                        360                   359                     73.17                   9.175                 7/1/2007                   6/1/2037                    1225.87
121054469                                   MILWAUKEE                                  WI                53210       Non-owner                         Single Family Detached                        360                   359                        90                    11.9                 7/1/2007                   6/1/2037                     771.82
121054477                                   ANNANDALE                                  MN                55302       Primary                           Single Family Detached                        360                   359                        60                    9.55                 7/1/2007                   6/1/2037                     2490.7
121054509                                   MILWAUKEE                                  WI                53208       Non-owner                         2-4 Units Detached                            360                   359                        80                   10.65                 7/1/2007                   6/1/2037                    1370.44
121054549                                   COLFAX                                     IA                50054       Primary                           Single Family Detached                        360                   358                        80                     9.1                 6/1/2007                   5/1/2037                     974.19
121054559                                   DES MOINES                                 IA                50315       Primary                           Single Family Detached                        360                   359                        90                   10.85                 7/1/2007                   6/1/2037                    1016.29
121054562                                   MILWAUKEE                                  WI                53206       Non-owner                         2-4 Units Detached                            360                   359                        90                    12.2                 7/1/2007                   6/1/2037                     638.95
121054565                                   MADISON                                    WI                53704       Non-owner                         2-4 Units Attached                            360                   359                        80                   11.05                 7/1/2007                   6/1/2037                    2218.16
121054580                                   SHOEMAKERSVILLE                            PA                19555       Primary                           Single Family Detached                        360                   359                     79.91                   8.425                 7/1/2007                   6/1/2037                    1427.94
121054587                                   GREEN BAY                                  WI                54303       Primary                           Single Family Detached                        360                   359                        75                   10.95                 7/1/2007                   6/1/2037                     953.29
121054605                                   MADISON                                    WI                53704       Primary                           Single Family Detached                        360                   359                        80                    8.75                 7/1/2007                   6/1/2037                    2221.64
121054684                                   JANESVILLE                                 WI                53548       Primary                           Single Family Detached                        360                   359                        80                     8.9                 7/1/2007                   6/1/2037                    2647.49
121054703                                   NEW RICHMOND                               WI                54017       Primary                           Single Family Detached                        360                   358                        90                   9.925                 6/1/2007                   5/1/2037                    1294.97
121054705                                   SIOUX FALLS                                SD                57103       Primary                           Single Family Detached                        360                   359                        70                   9.075                 7/1/2007                   6/1/2037                      979.2
121054706                                   AMES                                       IA                50010       Primary                           2-4 Units Attached                            360                   359                        80                   9.625                 7/1/2007                   6/1/2037                    1101.59
121054713                                   NESHKORO                                   WI                54960       Primary                           Single Family Detached                        360                   359                     77.57                   7.425                 7/1/2007                   6/1/2037                     936.39
121054737                                   LANSING                                    MI                48917       Non-owner                         2-4 Units Attached                            360                   359                        90                  11.075                 7/1/2007                   6/1/2037                    1267.43
121054739                                   MARINETTE                                  WI                54143       Primary                           Single Family Detached                        360                   358                        85                    11.1                 6/1/2007                   5/1/2037                     952.61
121054741                                   DURAND                                     WI                54736       Primary                           Single Family Detached                        360                   358                        90                   9.725                 6/1/2007                   5/1/2037                    1292.41
121054746                                   WATERTOWN                                  SD                57201       Primary                           Single Family Detached                        360                   359                        80                      10                 7/1/2007                   6/1/2037                     793.95
121054756                                   WOODBURY                                   MN                55125       Primary                           Single Family Detached                        360                   359                        90                     8.4                 7/1/2007                   6/1/2037                     1988.4
121054791                                   TIGERTON                                   WI                54486       Primary                           Single Family Detached                        360                   359                        90                   11.85                 7/1/2007                   6/1/2037                     594.99
121054857                                   SOMERSET                                   WI                54025       Primary                           Single Family Detached                        360                   359                        90                     8.9                 7/1/2007                   6/1/2037                    2268.11
121054906                                   MOUNT HOREB                                WI                53572       Primary                           Single Family Detached                        360                   359                        90                    8.65                 7/1/2007                   6/1/2037                    1754.03
121054962                                   COKATO                                     MN                55321       Primary                           Single Family Detached                        360                   359                        65                   10.75                 7/1/2007                   6/1/2037                    2062.99
151039848                                   HAMBURG                                    NJ                07419       Primary                           Single Family Attached                        360                   354                        85                    7.77                 2/1/2007                   1/1/2037                    1757.16
151041803                                   PASSAIC                                    NJ                07055       Primary                           Single Family Detached                        360                   358                      48.7                  12.125                 6/1/2007                   5/1/2037                    1744.25
151041996                                   JERSEY CITY                                NJ                07305       Primary                           2-4 Units Detached                            360                   359                     68.25                    9.51                 7/1/2007                   6/1/2037                    1809.41
151042394                                   TURNERSVILLE                               NJ                08012       Primary                           Single Family Detached                        360                   358                     88.09                   10.52                 6/1/2007                   5/1/2037                    1842.62
151042775                                   IRVINGTON                                  NJ                07111       Primary                           2-4 Units Detached                            360                   358                        60                    8.67                 6/1/2007                   5/1/2037                    1686.95
151042807                                   TRENTON                                    NJ                08618       Primary                           Single Family Detached                        360                   359                        80                   10.02                 7/1/2007                   6/1/2037                    2074.56
151043084                                   SCHWENKSVILLE                              PA                19473       Primary                           Single Family Detached                        360                   358                        90                     8.3                 6/1/2007                   5/1/2037                    1902.06
151043495                                   OXFORD                                     PA                19363       Primary                           Single Family Detached                        360                   359                        90                    10.8                 7/1/2007                   6/1/2037                    1644.86
151043907                                   STRAWBERRY PLAINS                          TN                37871       Primary                           Single Family Detached                        360                   358                     79.61                     8.6                 6/1/2007                   5/1/2037                     938.97
151043937                                   MIDDLETOWN                                 NJ                07748       Primary                           Single Family Attached                        360                   358                        70                   12.32                 6/1/2007                   5/1/2037                    2172.13
151043983                                   LAURYS STATION                             PA                18059       Primary                           Single Family Detached                        360                   358                     78.52                    7.45                 6/1/2007                   5/1/2037                    2070.68
151043998                                   SCRANTON                                   PA                18508       Primary                           Single Family Detached                        360                   358                        80                     9.8                 6/1/2007                   5/1/2037                     683.36
151044061                                   BROOKHAVEN                                 PA                19015       Primary                           Single Family Detached                        360                   359                        90                     9.9                 7/1/2007                   6/1/2037                    1448.87
151044138                                   WILLIAMSTOWN                               NJ                08094       Primary                           Single Family Detached                        360                   359                        75                    8.75                 7/1/2007                   6/1/2037                     846.19
151044146                                   TRENTON                                    NJ                08618       Non-owner                         Single Family Attached                        360                   358                        75                    11.7                 6/1/2007                   5/1/2037                     942.73
151044155                                   BULGER                                     PA                15019       Primary                           Single Family Detached                        360                   359                     58.57                    7.52                 7/1/2007                   6/1/2037                    2010.68
151044184                                   WASHINGTON TOWNSHIP                        NJ                08080       Primary                           Single Family Detached                        360                   358                     73.69                     8.6                 6/1/2007                   5/1/2037                    2931.17
151044209                                   CHERRY HILL                                NJ                08002       Primary                           Single Family Detached                        360                   358                        80                    8.22                 6/1/2007                   5/1/2037                    1509.17
151044241                                   BROWNS MILLS                               NJ                08015       Primary                           Single Family Detached                        360                   359                        65                   9.225                 7/1/2007                   6/1/2037                    1173.84
151044256                                   NORTH BERGEN                               NJ                07047       Primary                           2-4 Units Detached                            360                   359                     63.38                   8.675                 7/1/2007                   6/1/2037                    3516.07
151044286                                   HILLSIDE                                   NJ                07205       Primary                           2-4 Units Detached                            360                   358                        85                    10.4                 6/1/2007                   5/1/2037                    3742.81
151044294                                   NEWARK                                     NJ                07108       Non-owner                         2-4 Units Detached                            360                   359                        90                    9.55                 7/1/2007                   6/1/2037                    2735.44
151044301                                   ELIZABETHTOWN                              PA                17022       Primary                           Single Family Detached                        360                   359                        90                     9.4                 7/1/2007                   6/1/2037                    1274.61
151044332                                   EDISON                                     NJ                08817       Primary                           Single Family Detached                        360                   359                        85                   10.55                 7/1/2007                   6/1/2037                    2412.51
151044343                                   E STROUDSBURG (STROUD TWP)                 PA                18301       Primary                           Single Family Detached                        360                   358                     71.67                   10.35                 6/1/2007                   5/1/2037                    1456.96
151044359                                   TOMS RIVER                                 NJ                08754       Non-owner                         Single Family Detached                        360                   359                        75                   10.65                 7/1/2007                   6/1/2037                    2847.36
151044361                                   IRVINGTON                                  NJ                07111       Primary                           2-4 Units Detached                            360                   358                     74.29                   6.975                 6/1/2007                   5/1/2037                    1725.42
151044362                                   BLOOMFIELD                                 NJ                07003       Primary                           2-4 Units Detached                            360                   358                     49.64                    7.92                 6/1/2007                   5/1/2037                    1500.08
151044439                                   PHILADELPHIA                               PA                19115       Primary                           Single Family Attached                        360                   359                      67.5                       8                 7/1/2007                   6/1/2037                     990.58
151044463                                   MASTIC BEACH                               NY                11951       Primary                           Single Family Detached                        360                   359                        70                    8.67                 7/1/2007                   6/1/2037                    1793.08
151044471                                   READING                                    PA                19604       Primary                           Single Family Attached                        360                   359                        80                    9.75                 7/1/2007                   6/1/2037                     893.52
151044473                                   CROYDON                                    PA                19021       Primary                           Single Family Detached                        360                   359                        65                   12.35                 7/1/2007                   6/1/2037                    1338.01
151044485                                   BALTIMORE                                  MD                21229       Primary                           Single Family Attached                        360                   359                     64.86                    9.75                 7/1/2007                   6/1/2037                    1030.99
151044503                                   BELLEVILLE                                 NJ                07109       Second Home                       2-4 Units Detached                            360                   359                        80                     9.9                 7/1/2007                   6/1/2037                    3515.57
151044533                                   NORRISTOWN                                 PA                19401       Primary                           Single Family Attached                        360                   359                        80                    11.8                 7/1/2007                   6/1/2037                    1175.36
151044544                                   CHARLOTTE                                  NC                28270       Primary                           Single Family Detached                        360                   358                        90                   9.575                 6/1/2007                   5/1/2037                    1371.06
151044551                                   NEPTUNE                                    NJ                07753       Non-owner                         2-4 Units Detached                            360                   358                        75                     9.9                 6/1/2007                   5/1/2037                    2480.04
151044556                                   HEWITT                                     NJ                07421       Non-owner                         Single Family Detached                        360                   359                        80                   11.05                 7/1/2007                   6/1/2037                    1568.01
151044582                                   WESTFIELD                                  NJ                07090       Primary                           Single Family Detached                        360                   359                     61.33                     8.1                 7/1/2007                   6/1/2037                     2263.1
151044588                                   WILLINGBORO                                NJ                08046       Primary                           Single Family Detached                        360                   358                     79.91                   10.45                 6/1/2007                   5/1/2037                    1685.36
151044602                                   AUDUBON                                    NJ                08106       Primary                           Single Family Detached                        360                   358                        85                    11.1                 6/1/2007                   5/1/2037                    1876.58
151044623                                   WILDWOOD                                   NJ                08260       Non-owner                         Condo Low-Rise Attached                       360                   359                        75                   10.62                 7/1/2007                   6/1/2037                    2286.21
151044628                                   PHILADELPHIA                               PA                19142       Non-owner                         2-4 Units Attached                            360                   359                        65                  12.025                 7/1/2007                   6/1/2037                     783.72
151044638                                   RIDLEY PARK                                PA                19078       Primary                           Single Family Detached                        360                   359                        90                    9.87                 7/1/2007                   6/1/2037                    1774.38
151044639                                   JERSEY CITY                                NJ                07304       Non-owner                         2-4 Units Attached                            360                   359                        75                   12.15                 7/1/2007                   6/1/2037                    3198.53
151044652                                   CHARLOTTE                                  NC                28213       Non-owner                         PUD Attached                                  360                   358                        90                    12.5                 6/1/2007                   5/1/2037                     869.28
151044653                                   CHARLOTTE                                  NC                28213       Non-owner                         PUD Attached                                  360                   358                        90                    11.6                 6/1/2007                   5/1/2037                    1082.25
151044656                                   GLENSIDE                                   PA                19038       Primary                           Single Family Detached                        360                   358                        90                     7.2                 6/1/2007                   5/1/2037                    1202.06
151044668                                   PHILADELPHIA                               PA                19144       Non-owner                         Single Family Attached                        360                   359                     76.47                    10.6                 7/1/2007                   6/1/2037                    1198.89
151044718                                   CLEMENTON                                  NJ                08021       Primary                           Single Family Detached                        360                   359                     67.65                    9.57                 7/1/2007                   6/1/2037                    1945.72
151044723                                   PLAINFIELD                                 NJ                07060       Primary                           Single Family Detached                        360                   359                      87.5                    8.87                 7/1/2007                   6/1/2037                     1670.1
151044740                                   LITITZ                                     PA                17543       Primary                           PUD Attached                                  360                   359                        90                    8.17                 7/1/2007                   6/1/2037                    1402.61
151044756                                   ERIE                                       PA                16508       Primary                           Single Family Detached                        360                   359                        90                    11.7                 7/1/2007                   6/1/2037                     633.51
151044780                                   ORANGE                                     NJ                07050       Non-owner                         Single Family Attached                        360                   359                        90                    9.87                 7/1/2007                   6/1/2037                    1952.96
151044795                                   NORTH BERGEN                               NJ                07047       Primary                           2-4 Units Detached                            360                   359                     73.91                     8.8                 7/1/2007                   6/1/2037                    3855.44
151044812                                   LITTLE EGG HARBOR                          NJ                08087       Second Home                       Single Family Detached                        360                   359                        80                   10.72                 7/1/2007                   6/1/2037                    2210.67
151044876                                   JERSEY CITY                                NJ                07304       Non-owner                         2-4 Units Detached                            360                   359                        65                     9.4                 7/1/2007                   6/1/2037                    3196.73
151044891                                   BEVERLY                                    NJ                08010       Primary                           Single Family Detached                        360                   359                     78.57                   10.75                 7/1/2007                   6/1/2037                    1437.56
151044895                                   JACKSON                                    NJ                08527       Primary                           Single Family Detached                        360                   359                        70                    9.02                 7/1/2007                   6/1/2037                    1893.61
151044963                                   WESTBURY                                   NY                11590       Non-owner                         2-4 Units Detached                            360                   359                        75                   11.99                 7/1/2007                   6/1/2037                    4201.31
151044980                                   BETHLEHEM                                  PA                18018       Primary                           Single Family Detached                        360                   359                        85                      10                 7/1/2007                   6/1/2037                    1327.77
151045062                                   WILLIAMSTOWN                               NJ                08094       Primary                           Single Family Detached                        360                   359                        90                    8.75                 7/1/2007                   6/1/2037                    1861.31
161053979                                   LOUDON                                     NH                03307       Primary                           Single Family Detached                        360                   359                        90                    8.95                 7/1/2007                   6/1/2037                    2292.54
161054121                                   ROCKLAND                                   MA                02370       Primary                           Single Family Detached                        360                   359                      78.1                     8.5                 7/1/2007                   6/1/2037                    2522.19
161054129                                   NORTH DARTMOUTH                            MA                02747       Primary                           Condo Low-Rise Attached                       360                   358                      69.9                   8.025                 6/1/2007                   5/1/2037                    2493.37
161054140                                   METHUEN                                    MA                01844       Primary                           Single Family Detached                        360                   359                     73.76                   8.125                 7/1/2007                   6/1/2037                    1878.52
161054187                                   MENDON                                     MA                01756       Primary                           Single Family Detached                        360                   358                        75                    7.75                 6/1/2007                   5/1/2037                    2149.24
161054200                                   MARLBOROUGH                                MA                01752       Non-owner                         Condo Low-Rise Attached                       360                   359                        50                  10.825                 7/1/2007                   6/1/2037                      751.3
161054256                                   BELLINGHAM                                 MA                02019       Primary                           Single Family Detached                        360                   359                        80                     8.6                 7/1/2007                   6/1/2037                    1451.79
161054258                                   SPRINGFIELD                                MA                01109       Primary                           Single Family Detached                        360                   358                        80                     9.2                 6/1/2007                   5/1/2037                     900.09
161054265                                   NEW BEDFORD                                MA                02740       Primary                           2-4 Units Detached                            360                   359                        85                     9.3                 7/1/2007                   6/1/2037                    2212.42
161054269                                   WESTFORD                                   MA                01886       Primary                           Single Family Detached                        360                   359                        90                    8.87                 7/1/2007                   6/1/2037                    1710.66
161054278                                   MARSHFIELD                                 MA                02050       Primary                           Single Family Detached                        360                   358                        85                     9.9                 6/1/2007                   5/1/2037                    2860.74
161054287                                   POMPANO BEACH                              FL                33064       Primary                           Single Family Detached                        360                   359                     37.74                   11.75                 7/1/2007                   6/1/2037                    1009.41
161054293                                   TAUNTON                                    MA                02780       Primary                           2-4 Units Detached                            360                   359                     27.21                     9.5                 7/1/2007                   6/1/2037                     672.68
161054312                                   MILLVILLE                                  MA                01529       Primary                           2-4 Units Detached                            360                   359                        85                    8.65                 7/1/2007                   6/1/2037                    1993.47
161054332                                   HAMPSTEAD                                  NH                03841       Primary                           Single Family Detached                        360                   359                     70.55                     9.3                 7/1/2007                   6/1/2037                    2454.11
161054358                                   E GRANBY                                   CT                06026       Primary                           Single Family Detached                        360                   358                     58.48                    8.25                 6/1/2007                   5/1/2037                    1449.94
161054362                                   CLINTON                                    MA                01510       Primary                           Single Family Detached                        360                   358                     74.32                     8.1                 6/1/2007                   5/1/2037                    2036.97
161054366                                   GARY                                       IN                46403       Primary                           Single Family Detached                        360                   358                        85                   10.35                 6/1/2007                   5/1/2037                     944.65
161054378                                   KINGSTON                                   MA                02364       Primary                           Single Family Detached                        360                   359                        85                    8.99                 7/1/2007                   6/1/2037                    2254.95
161054384                                   THORNTON                                   NH                03223       Second Home                       Single Family Detached                        360                   359                        70                   9.895                 7/1/2007                   6/1/2037                    1997.11
161054385                                   BOSTON                                     MA                02119       Primary                           2-4 Units Detached                            360                   358                     41.67                    8.17                 6/1/2007                   5/1/2037                     1491.3
161054399                                   SOUTHINGTON                                CT                06479       Primary                           Single Family Detached                        360                   358                        90                     6.9                 6/1/2007                   5/1/2037                    1154.82
161054411                                   EAST HAMPTON                               CT                06424       Primary                           Single Family Detached                        360                   358                        70                    7.97                 6/1/2007                   5/1/2037                     1485.3
161054438                                   ATTLEBORO                                  MA                02703       Primary                           Condo Low-Rise Attached                       360                   359                        90                   10.25                 7/1/2007                   6/1/2037                     875.77
161054450                                   HULL                                       MA                02045       Primary                           2-4 Units Detached                            360                   358                      81.1                     7.3                 6/1/2007                   5/1/2037                    2373.92
161054455                                   BOSTON                                     MA                02122       Primary                           Single Family Detached                        360                   359                        75                    8.35                 7/1/2007                   6/1/2037                    2652.27
161054457                                   LYMAN                                      ME                04002       Primary                           Single Family Detached                        360                   359                        80                     9.3                 7/1/2007                   6/1/2037                    2313.64
161054486                                   ROSLINDALE                                 MA                02131       Primary                           Single Family Detached                        360                   359                     84.64                    8.35                 7/1/2007                   6/1/2037                    1964.02
161054493                                   KINGSTON                                   MA                02364       Primary                           Condo Low-Rise Attached                       360                   358                        80                   10.17                 6/1/2007                   5/1/2037                    1794.03
161054518                                   EAST FALMOUTH                              MA                02536       Primary                           Single Family Detached                        360                   358                     72.73                    8.57                 6/1/2007                   5/1/2037                    1547.76
161054519                                   NORTH  ATTLEBORO                           MA                02760       Primary                           Single Family Detached                        360                   359                        90                    7.95                 7/1/2007                   6/1/2037                    1732.27
161054530                                   SOMERSWORTH                                NH                03878       Primary                           Single Family Detached                        360                   359                        90                    9.25                 7/1/2007                   6/1/2037                    1541.63
161054533                                   SOUTH PORTLAND                             ME                04106       Primary                           Single Family Detached                        360                   359                        90                    9.87                 7/1/2007                   6/1/2037                    2070.13
161054550                                   UNCASVILLE                                 CT                06382       Primary                           Single Family Detached                        360                   359                      55.7                     8.3                 7/1/2007                   6/1/2037                     958.58
161054552                                   BOSTON                                     MA                02128       Primary                           2-4 Units Attached                            360                   359                     61.77                     6.5                 7/1/2007                   6/1/2037                    1797.35
161054554                                   DERRY                                      NH                03038       Primary                           Single Family Detached                        360                   359                     79.78                   10.25                 7/1/2007                   6/1/2037                    1559.53
161054556                                   DOVER                                      NH                03820       Non-owner                         Condo Low-Rise Attached                       360                   359                      66.7                   9.925                 7/1/2007                   6/1/2037                    1133.64
161054564                                   NORTH CHELMSFORD                           MA                01863       Primary                           Condo Low-Rise Attached                       360                   359                        90                    6.87                 7/1/2007                   6/1/2037                    1266.86
161054565                                   WORCESTER                                  MA                01603       Primary                           2-4 Units Detached                            360                   358                        65                    7.75                 6/1/2007                   5/1/2037                    1310.86
161054567                                   EAST FALMOUTH                              MA                02536       Primary                           Single Family Detached                        360                   359                     71.85                    8.62                 7/1/2007                   6/1/2037                    1692.47
161054571                                   ALLENSTOWN                                 NH                03275       Primary                           Single Family Detached                        360                   359                        85                   10.95                 7/1/2007                   6/1/2037                    3466.94
161054587                                   WATERFORD                                  CT                06385       Primary                           Single Family Detached                        360                   358                        90                    9.27                 6/1/2007                   5/1/2037                    1896.55
161054610                                   GROTON                                     CT                06340       Primary                           Single Family Detached                        360                   359                     83.24                    8.35                 7/1/2007                   6/1/2037                    1167.79
161054671                                   BOURNE                                     MA                02532       Primary                           Single Family Detached                        360                   359                        90                    11.3                 7/1/2007                   6/1/2037                    3153.88
171042868                                   RUTLAND                                    MA                01543       Primary                           Single Family Detached                        360                   358                     38.15                    8.85                 6/1/2007                   5/1/2037                     817.67
171042946                                   LAFAYETTE                                  LA                70506       Primary                           Single Family Detached                        180                   178                     69.78                    11.7                 6/1/2007                   5/1/2022                    1287.22
171043092                                   JACKSONVILLE                               FL                32210       Primary                           Single Family Detached                        360                   358                     89.97                   10.25                 6/1/2007                   5/1/2037                    1245.58
171043180                                   PHOENIX                                    AZ                85023       Primary                           Single Family Detached                        360                   359                        55                    10.8                 7/1/2007                   6/1/2037                    1159.84
171043217                                   SUFFIELD                                   CT                06078       Primary                           Single Family Detached                        360                   358                     79.08                    8.75                 6/1/2007                   5/1/2037                    2021.82
171043261                                   PARKER                                     SD                57053       Primary                           Single Family Detached                        360                   358                     78.13                     9.5                 6/1/2007                   5/1/2037                     840.85
171043421                                   MIAMI                                      FL                33015       Primary                           PUD Detached                                  360                   358                     57.03                    8.45                 6/1/2007                   5/1/2037                    2296.12
171043633                                   HUDSON                                     NY                12534       Primary                           Single Family Detached                        360                   358                     87.43                   10.25                 6/1/2007                   5/1/2037                    1433.76
171043669                                   NEWTON                                     NJ                07860       Second Home                       Single Family Detached                        360                   358                     32.79                     9.7                 6/1/2007                   5/1/2037                     855.48
171043681                                   NASSAU                                     NY                12123       Primary                           Single Family Detached                        360                   358                     83.62                    8.25                 6/1/2007                   5/1/2037                    1111.87
171043696                                   TUCSON                                     AZ                85745       Non-owner                         Single Family Detached                        360                   359                        75                   9.309                 7/1/2007                   6/1/2037                     930.32
171043704                                   CHICAGO                                    IL                60616       Primary                           Condo High-Rise Attached                      360                   358                        85                   10.05                 6/1/2007                   5/1/2037                     951.33
171043771                                   NEWPORT NEWS                               VA                23606       Primary                           Single Family Detached                        360                   358                     89.86                     9.2                 6/1/2007                   5/1/2037                    1619.27
171043782                                   BLUE ISLAND                                IL                60406       Primary                           2-4 Units Detached                            360                   358                     84.96                     9.3                 6/1/2007                   5/1/2037                    1867.44
171043803                                   PHOENIX                                    AZ                85035       Non-owner                         Condo Low-Rise Attached                       360                   358                        90                    10.2                 6/1/2007                   5/1/2037                    1521.16
171043805                                   PHOENIX                                    AZ                85035       Non-owner                         Condo Low-Rise Attached                       360                   358                        90                   10.45                 6/1/2007                   5/1/2037                    1237.23
171043807                                   BRICK                                      NJ                08724       Primary                           Single Family Detached                        360                   358                        90                    7.95                 6/1/2007                   5/1/2037                    2497.56
171043839                                   TUCSON                                     AZ                85749       Non-owner                         PUD Detached                                  360                   358                        85                    8.25                 6/1/2007                   5/1/2037                     2107.3
171043865                                   SIERRA VISTA                               AZ                85635       Primary                           Single Family Detached                        360                   358                     86.83                    8.75                 6/1/2007                   5/1/2037                    1090.65
171043887                                   PHOENIX                                    AZ                85040       Non-owner                         Single Family Detached                        360                   359                        90                    10.3                 7/1/2007                   6/1/2037                    1376.73
171043919                                   STARKE                                     FL                32091       Primary                           Single Family Detached                        360                   358                     85.76                   10.05                 6/1/2007                   5/1/2037                    1741.39
171043935                                   DENHAM SPRINGS                             LA                70706       Primary                           Single Family Detached                        360                   359                     84.52                   7.625                 7/1/2007                   6/1/2037                     969.68
171043955                                   MESA                                       AZ                85215       Primary                           Single Family Detached                        360                   359                     60.47                     6.9                 7/1/2007                   6/1/2037                    2339.94
171043965                                   NORTH LAS VEGAS                            NV                89030       Primary                           Single Family Detached                        360                   358                     73.53                    7.75                 6/1/2007                   5/1/2037                    1236.93
171043968                                   MESA                                       AZ                85213       Primary                           Single Family Detached                        360                   359                     70.39                     9.4                 7/1/2007                   6/1/2037                    2417.35
171043980                                   LAS VEGAS                                  NV                89156       Primary                           Single Family Detached                        360                   359                        88                     8.8                 7/1/2007                   6/1/2037                     1548.8
171044000                                   MESA                                       AZ                85212       Primary                           PUD Detached                                  360                   359                        75                    8.25                 7/1/2007                   6/1/2037                    1960.81
171044034                                   TUCSON                                     AZ                85715       Primary                           PUD Detached                                  180                   178                        75                     8.7                 6/1/2007                   5/1/2022                    2115.07
171044049                                   MESA                                       AZ                85202       Primary                           Condo Low-Rise Attached                       360                   359                        80                   10.25                 7/1/2007                   6/1/2037                    1113.77
171044080                                   RIO RICO                                   AZ                85648       Primary                           Single Family Detached                        360                   359                      78.2                     7.9                 7/1/2007                   6/1/2037                     1134.9
171044081                                   HENDERSON                                  NV                89074       Primary                           PUD Attached                                  360                   358                     88.39                    9.25                 6/1/2007                   5/1/2037                    1927.04
171044093                                   PAHRUMP                                    NV                89048       Primary                           Single Family Detached                        360                   358                        80                     7.8                 6/1/2007                   5/1/2037                    1459.93
171044102                                   LAS VEGAS                                  NV                89145       Primary                           Single Family Detached                        360                   359                        80                   8.512                 7/1/2007                   6/1/2037                    1669.69
171044103                                   LAS VEGAS                                  NV                89145       Non-owner                         Single Family Detached                        360                   359                        80                    9.05                 7/1/2007                   6/1/2037                    1616.45
171044108                                   TOLLESON                                   AZ                85353       Primary                           PUD Detached                                  360                   359                     87.63                    9.45                 7/1/2007                   6/1/2037                    1917.21
171044125                                   LAKE HAVASU CITY                           AZ                86404       Primary                           Single Family Detached                        360                   359                        85                     8.5                 7/1/2007                   6/1/2037                    1437.87
171044129                                   PHOENIX                                    AZ                85042       Primary                           Single Family Detached                        360                   359                        80                     8.8                 7/1/2007                   6/1/2037                    1548.29
171044130                                   GILBERT                                    AZ                85297       Primary                           PUD Detached                                  360                   358                        80                     8.5                 6/1/2007                   5/1/2037                    1459.15
171044139                                   TUCSON                                     AZ                85742       Primary                           PUD Detached                                  360                   359                     83.97                     8.5                 7/1/2007                   6/1/2037                    1785.08
171044141                                   SCOTTSDALE                                 AZ                85251       Primary                           Single Family Detached                        360                   358                     45.45                    9.35                 6/1/2007                   5/1/2037                    1037.42
171044172                                   PHOENIX                                    AZ                85014       Primary                           Condo Low-Rise Attached                       360                   359                     73.89                    8.85                 7/1/2007                   6/1/2037                    1213.61
171044210                                   SPRING HILL                                FL                34608       Primary                           Single Family Detached                        360                   359                      62.5                    8.75                 7/1/2007                   6/1/2037                     590.03
171044226                                   LAS VEGAS                                  NV                89131       Primary                           PUD Detached                                  360                   358                     67.86                     7.8                 6/1/2007                   5/1/2037                    2206.48
171044227                                   TUCSON                                     AZ                85706       Primary                           Single Family Detached                        360                   359                     84.25                     8.4                 7/1/2007                   6/1/2037                    1148.85
171044228                                   GLENDALE                                   AZ                85307       Primary                           Single Family Detached                        360                   356                      76.5                    6.95                 4/1/2007                   3/1/2037                    1205.18
171044241                                   TEMPE                                      AZ                85283       Primary                           Single Family Detached                        360                   359                     86.21                    8.75                 7/1/2007                   6/1/2037                     1573.4
171044252                                   PHOENIX                                    AZ                85017       Primary                           Single Family Detached                        360                   359                        85                    10.3                 7/1/2007                   6/1/2037                    1261.14
171044266                                   HENDERSON                                  NV                89052       Primary                           PUD Detached                                  360                   359                     38.64                     6.4                 7/1/2007                   6/1/2037                    1418.31
171044271                                   GLENDALE                                   AZ                85302       Primary                           Single Family Detached                        360                   359                     79.42                    7.15                 7/1/2007                   6/1/2037                    1266.25
171044284                                   CHANDLER                                   AZ                85226       Primary                           Single Family Detached                        360                   359                        85                     7.7                 7/1/2007                   6/1/2037                    1449.31
171044292                                   PHOENIX                                    AZ                85032       Primary                           Single Family Detached                        360                   359                        80                    8.05                 7/1/2007                   6/1/2037                    1694.34
171044296                                   PHOENIX                                    AZ                85031       Primary                           Single Family Detached                        360                   359                        65                    8.25                 7/1/2007                   6/1/2037                     998.01
171044307                                   GLENDALE                                   AZ                85303       Primary                           Single Family Detached                        360                   359                        90                    7.55                 7/1/2007                   6/1/2037                    1530.67
171044350                                   TUCSON                                     AZ                85742       Primary                           Single Family Detached                        360                   359                        70                     7.7                 7/1/2007                   6/1/2037                    1172.82
171044402                                   PHOENIX                                    AZ                85042       Primary                           Single Family Detached                        360                   359                        80                    8.75                 7/1/2007                   6/1/2037                    1140.42
171044447                                   LAS VEGAS                                  NV                89121       Primary                           Single Family Detached                        360                   359                     48.68                     7.7                 7/1/2007                   6/1/2037                     845.97
171044453                                   LAS VEGAS                                  NV                89120       Primary                           Single Family Detached                        360                   359                        79                    7.39                 7/1/2007                   6/1/2037                    1562.03
171044463                                   PHOENIX                                    AZ                85031       Non-owner                         Single Family Detached                        360                   359                        85                     9.8                 7/1/2007                   6/1/2037                    1576.82
171044488                                   CHANDLER                                   AZ                85224       Primary                           Single Family Detached                        360                   359                        90                    10.2                 7/1/2007                   6/1/2037                    1962.98
191037099                                   SHELTON                                    WA                98584       Primary                           PUD Detached                                  360                   357                     69.34                    7.45                 5/1/2007                   4/1/2037                    1667.89
191037708                                   YELM                                       WA                98597       Primary                           PUD Detached                                  360                   359                        80                     8.5                 7/1/2007                   6/1/2037                    1407.54
191037758                                   ARLINGTON                                  WA                98223       Primary                           Single Family Detached                        360                   359                        90                    6.99                 7/1/2007                   6/1/2037                    1507.38
191038215                                   LARAMIE                                    WY                82070       Primary                           Single Family Detached                        360                   358                        90                   10.55                 6/1/2007                   5/1/2037                    1487.94
191038652                                   KENNEWICK                                  WA                99336       Primary                           Single Family Detached                        360                   358                        90                     9.4                 6/1/2007                   5/1/2037                     853.91
191038750                                   BELLINGHAM                                 WA                98225       Primary                           Single Family Detached                        360                   358                        90                     8.8                 6/1/2007                   5/1/2037                    1646.57
191038863                                   GRESHAM                                    OR                97030       Primary                           Single Family Detached                        360                   358                     77.44                    8.95                 6/1/2007                   5/1/2037                    1393.79
191038913                                   FREELAND                                   WA                98249       Primary                           Single Family Detached                        360                   358                      87.3                    7.45                 6/1/2007                   5/1/2037                    2038.88
191038917                                   DEER PARK                                  WA                99006       Primary                           Single Family Detached                        360                   358                        85                     6.9                 6/1/2007                   5/1/2037                    2125.79
191038928                                   SEATTLE                                    WA                98178       Primary                           Single Family Detached                        360                   358                        70                    9.05                 6/1/2007                   5/1/2037                    1894.99
191038951                                   SEATTLE                                    WA                98144       Primary                           Condo Low-Rise Attached                       360                   359                     61.11                    7.55                 7/1/2007                   6/1/2037                    1545.81
191038963                                   ENUMCLAW                                   WA                98022       Primary                           Single Family Detached                        360                   359                     73.61                    7.55                 7/1/2007                   6/1/2037                    1706.91
191038965                                   THE DALLES                                 OR                97058       Non-owner                         2-4 Units Detached                            360                   359                        75                     7.3                 7/1/2007                   6/1/2037                     925.52
191038982                                   TUSCALOOSA                                 AL                35405       Primary                           PUD Detached                                  360                   359                     83.33                    6.75                 7/1/2007                   6/1/2037                     729.67
191039020                                   PORTLAND                                   OR                97215       Primary                           Single Family Detached                        360                   358                     56.39                    8.45                 6/1/2007                   5/1/2037                       1451
191039034                                   UNIVERSITY PLACE                           WA                98467       Primary                           Single Family Detached                        360                   358                     78.43                    11.4                 6/1/2007                   5/1/2037                    1920.53
191039048                                   LYNNWOOD                                   WA                98037       Primary                           Single Family Detached                        360                   359                        75                     7.4                 7/1/2007                   6/1/2037                    1328.21
191039049                                   KLAMATH FALLS                              OR                97601       Non-owner                         2-4 Units Attached                            360                   359                     77.06                     9.1                 7/1/2007                   6/1/2037                    2045.81
191039074                                   BOISE                                      ID                83713       Primary                           PUD Detached                                  360                   359                        90                     8.2                 7/1/2007                   6/1/2037                    1348.98
191039107                                   ST HELENS                                  OR                97051       Primary                           Single Family Detached                        360                   358                        90                   10.65                 6/1/2007                   5/1/2037                    3079.57
191039111                                   PORTLAND                                   OR                97217       Non-owner                         Single Family Detached                        360                   358                     79.72                     8.9                 6/1/2007                   5/1/2037                    1843.68
191039113                                   PORTLAND                                   OR                97203       Non-owner                         Single Family Detached                        360                   358                        80                    9.65                 6/1/2007                   5/1/2037                    1465.13
191039114                                   PORTLAND                                   OR                97203       Non-owner                         Single Family Detached                        360                   358                        80                    9.65                 6/1/2007                   5/1/2037                    1362.91
191039115                                   PORTLAND                                   OR                97203       Non-owner                         Single Family Detached                        360                   358                        80                    9.65                 6/1/2007                   5/1/2037                    1294.77
191039151                                   SHERIDAN                                   OR                97378       Primary                           Single Family Detached                        360                   358                        85                    10.4                 6/1/2007                   5/1/2037                    1571.98
191039186                                   DES MOINES                                 WA                98198       Primary                           Single Family Detached                        360                   358                      89.2                     8.2                 6/1/2007                   5/1/2037                    2128.96
191039191                                   MOUNTLAKE TERRACE                          WA                98043       Primary                           Single Family Detached                        360                   359                     80.96                    8.49                 7/1/2007                   6/1/2037                    2460.64
191039192                                   BOTHELL                                    WA                98011       Primary                           Condo Low-Rise Attached                       360                   359                        90                    7.85                 7/1/2007                   6/1/2037                    2162.75
191039209                                   STANWOOD                                   WA                98292       Primary                           Single Family Detached                        360                   359                        90                    8.45                 7/1/2007                   6/1/2037                    2380.21
191039213                                   SEATTLE                                    WA                98117       Primary                           Single Family Detached                        360                   358                     57.34                    9.95                 6/1/2007                   5/1/2037                    2936.23
191039219                                   MADERA                                     CA                93638       Primary                           Single Family Detached                        360                   359                        80                   10.05                 7/1/2007                   6/1/2037                      887.2
191039231                                   KENT                                       WA                98030       Primary                           Single Family Detached                        360                   358                        90                    6.65                 6/1/2007                   5/1/2037                    1863.14
191039239                                   SNOHOMISH                                  WA                98296       Primary                           Single Family Detached                        360                   359                     75.22                    9.25                 7/1/2007                   6/1/2037                    1962.08
191039249                                   PORTLAND                                   OR                97223       Primary                           Single Family Detached                        360                   359                        75                    6.65                 7/1/2007                   6/1/2037                    1587.32
191039257                                   OLALLA                                     WA                98359       Primary                           Single Family Detached                        360                   358                     60.53                    7.99                 6/1/2007                   5/1/2037                    1560.52
191039278                                   CANBY                                      OR                97013       Primary                           Single Family Detached                        360                   358                        90                      10                 6/1/2007                   5/1/2037                    1971.06
191039280                                   KLAMATH FALLS                              OR                97601       Non-owner                         Single Family Detached                        360                   359                     44.26                     9.7                 7/1/2007                   6/1/2037                     1154.9
191039312                                   PORTLAND                                   OR                97239       Primary                           Single Family Detached                        360                   359                        80                     8.3                 7/1/2007                   6/1/2037                    1518.28
191039336                                   OREGON CITY                                OR                97045       Primary                           Single Family Detached                        360                   358                     69.03                    12.1                 6/1/2007                   5/1/2037                    2217.72
191039370                                   FOREST GROVE                               OR                97116       Primary                           Single Family Detached                        360                   359                     67.14                     6.9                 7/1/2007                   6/1/2037                    1547.71
191039372                                   ENUMCLAW                                   WA                98022       Primary                           2-4 Units Attached                            360                   359                        80                     7.3                 7/1/2007                   6/1/2037                    2468.06
191039377                                   PORTLAND                                   OR                97212       Non-owner                         Single Family Detached                        360                   359                        85                   11.45                 7/1/2007                   6/1/2037                    4108.68
191039385                                   MEDFORD                                    OR                97504       Primary                           Single Family Detached                        360                   359                        90                     9.2                 7/1/2007                   6/1/2037                    2124.34
191039405                                   IRVINE                                     CA                92604       Second Home                       Condo Low-Rise Attached                       360                   359                      25.4                    7.25                 7/1/2007                   6/1/2037                    1074.43
191039413                                   KENT                                       WA                98042       Primary                           Single Family Detached                        360                   359                     66.25                     6.6                 7/1/2007                   6/1/2037                       1166
191039415                                   FEDERAL WAY                                WA                98023       Primary                           Single Family Detached                        360                   359                        75                     7.6                 7/1/2007                   6/1/2037                    1557.21
191039417                                   SHORELINE                                  WA                98155       Primary                           Single Family Detached                        360                   359                     77.75                     8.5                 7/1/2007                   6/1/2037                    2051.93
191039423                                   KENNEWICK                                  WA                99336       Primary                           Single Family Detached                        360                   359                        85                     9.9                 7/1/2007                   6/1/2037                    1501.72
191039461                                   AMBOY                                      WA                98601       Primary                           Single Family Detached                        360                   359                     88.66                     8.7                 7/1/2007                   6/1/2037                     2325.9
191039462                                   SEQUIM                                     WA                98382       Primary                           Single Family Detached                        360                   359                     69.33                   6.644                 7/1/2007                   6/1/2037                    1548.94
191039495                                   PORTLAND                                   OR                97227       Primary                           Single Family Detached                        360                   359                     77.38                     6.8                 7/1/2007                   6/1/2037                    1905.89
191039512                                   PORTLAND                                   OR                97218       Second Home                       Condo Low-Rise Attached                       360                   359                        90                  10.125                 7/1/2007                   6/1/2037                    1097.77
191039531                                   TACOMA                                     WA                98408       Primary                           Single Family Detached                        360                   359                        70                    9.15                 7/1/2007                   6/1/2037                    1141.61
191039536                                   ASHLAND                                    OR                97520       Non-owner                         Single Family Detached                        360                   359                        90                     9.7                 7/1/2007                   6/1/2037                    3526.31
191039539                                   STORY                                      WY                82842       Primary                           Single Family Detached                        360                   359                        80                     9.5                 7/1/2007                   6/1/2037                    1459.72
191039570                                   SEATTLE                                    WA                98125       Primary                           Single Family Detached                        360                   359                     77.95                     6.2                 7/1/2007                   6/1/2037                    1645.38
191039596                                   KENNESAW                                   GA                30152       Primary                           Single Family Detached                        360                   359                     87.49                     8.4                 7/1/2007                   6/1/2037                    2099.62
191039607                                   BREMERTON                                  WA                98310       Primary                           Single Family Detached                        360                   359                     54.79                     8.6                 7/1/2007                   6/1/2037                    1552.02
191039652                                   ASTORIA                                    OR                97103       Primary                           Single Family Detached                        360                   359                        90                    10.6                 7/1/2007                   6/1/2037                    1649.71
211055076                                   BRYANS ROAD                                MD                20616       Primary                           PUD Detached                                  360                   358                     87.67                     6.9                 6/1/2007                   5/1/2037                    2422.94
211055154                                   UNIONVILLE                                 VA                22567       Primary                           Single Family Detached                        360                   357                        75                    8.07                 5/1/2007                   4/1/2037                    1578.86
211055281                                   PORT ST LUCIE                              FL                34983       Primary                           Single Family Detached                        360                   358                        90                    9.67                 6/1/2007                   5/1/2037                    1919.89
211055871                                   CARY                                       NC                27511       Primary                           Single Family Detached                        360                   359                        85                   8.925                 7/1/2007                   6/1/2037                    1324.73
211056512                                   WALDORF                                    MD                20602       Primary                           PUD Attached                                  360                   359                     68.74                     8.2                 7/1/2007                   6/1/2037                    1171.94
211056530                                   BALTIMORE                                  MD                21212       Non-owner                         2-4 Units Attached                            360                   358                        90                   10.85                 6/1/2007                   5/1/2037                    2540.72
211056620                                   RICHMOND                                   VA                23227       Primary                           Single Family Detached                        360                   359                        80                     8.1                 7/1/2007                   6/1/2037                    1566.67
211056771                                   BEALTON                                    VA                22712       Primary                           Single Family Detached                        360                   358                        85                    9.97                 6/1/2007                   5/1/2037                    2046.14
211056830                                   BALTIMORE                                  MD                21209       Primary                           PUD Attached                                  360                   358                     84.83                   6.875                 6/1/2007                   5/1/2037                    1527.26
211056847                                   POTOMAC                                    MD                20854       Primary                           PUD Detached                                  360                   359                     43.33                       7                 7/1/2007                   6/1/2037                    2423.58
211056995                                   SUFFOLK                                    VA                23435       Non-owner                         Condo Low-Rise Attached                       360                   359                        70                   8.925                 7/1/2007                   6/1/2037                    1538.52
211057020                                   PALMYRA                                    VA                22963       Primary                           Single Family Detached                        360                   358                     82.61                   9.119                 6/1/2007                   5/1/2037                    1545.08
211057047                                   LAKE WORTH                                 FL                33463       Primary                           PUD Detached                                  360                   358                     53.46                    7.25                 6/1/2007                   5/1/2037                    1086.71
211057091                                   UPPER MARLBORO                             MD                20774       Primary                           Condo Low-Rise Attached                       360                   358                     75.66                    8.55                 6/1/2007                   5/1/2037                    1560.37
211057113                                   DUNDALK                                    MD                21222       Non-owner                         Single Family Attached                        360                   358                        80                    11.1                 6/1/2007                   5/1/2037                    1205.62
211057114                                   PRINCE FREDERICK                           MD                20678       Primary                           Single Family Detached                        360                   359                        70                    8.45                 7/1/2007                   6/1/2037                    1837.82
211057135                                   MOUNT PLEASANT                             SC                29464       Primary                           Single Family Attached                        360                   358                     77.29                    7.75                 6/1/2007                   5/1/2037                    1033.33
211057153                                   CHUNCHULA                                  AL                36521       Primary                           Single Family Detached                        360                   359                        80                     9.3                 7/1/2007                   6/1/2037                    1645.99
211057169                                   DELAND                                     FL                32720       Primary                           Single Family Detached                        360                   358                     77.44                     9.1                 6/1/2007                   5/1/2037                    2352.79
211057185                                   ORANGE                                     VA                22960       Primary                           Single Family Detached                        360                   358                     67.67                    8.47                 6/1/2007                   5/1/2037                    1454.29
211057186                                   CHILHOWIE                                  VA                24319       Primary                           Single Family Detached                        360                   358                        90                    7.95                 6/1/2007                   5/1/2037                     867.57
211057206                                   FREDERICKSBURG                             VA                22407       Primary                           Single Family Detached                        360                   359                     77.09                    8.12                 7/1/2007                   6/1/2037                    1573.35
211057210                                   ROANOKE                                    VA                24015       Primary                           Single Family Detached                        360                   359                        85                     9.3                 7/1/2007                   6/1/2037                    1355.55
211057219                                   WASHINGTON                                 DC                20009       Primary                           Condo Low-Rise Attached                       360                   359                        65                    7.62                 7/1/2007                   6/1/2037                    1403.35
211057232                                   GAITHERSBURG                               MD                20879       Primary                           PUD Attached                                  360                   358                        75                    7.25                 6/1/2007                   5/1/2037                    1664.75
211057236                                   FORT LAUDERDALE                            FL                33308       Primary                           Single Family Detached                        360                   358                     65.03                   7.975                 6/1/2007                   5/1/2037                    2142.26
211057243                                   LEXINGTON                                  VA                24450       Primary                           Single Family Detached                        360                   358                      64.6                     8.4                 6/1/2007                   5/1/2037                      952.3
211057291                                   WINCHESTER                                 VA                22601       Primary                           Single Family Detached                        360                   359                        90                    8.25                 7/1/2007                   6/1/2037                    1298.19
211057294                                   CHESAPEAKE                                 VA                23323       Primary                           Single Family Detached                        360                   358                        85                    9.77                 6/1/2007                   5/1/2037                    1799.34
211057297                                   GLADYS                                     VA                24554       Primary                           Single Family Detached                        360                   358                        65                     6.5                 6/1/2007                   5/1/2037                    1224.73
211057307                                   EDGEWOOD                                   WA                98371       Primary                           Single Family Detached                        360                   359                      76.6                   7.475                 7/1/2007                   6/1/2037                    2511.01
211057315                                   BROADWAY                                   VA                22815       Primary                           Single Family Detached                        360                   359                        70                    7.65                 7/1/2007                   6/1/2037                    1763.14
211057320                                   BOWIE                                      MD                20721       Primary                           PUD Attached                                  360                   358                     73.37                     7.4                 6/1/2007                   5/1/2037                     2108.3
211057321                                   DALLAS                                     GA                30157       Primary                           Single Family Detached                        360                   358                        90                   9.775                 6/1/2007                   5/1/2037                    1182.41
211057336                                   NEWINGTON                                  CT                06111       Primary                           Single Family Detached                        360                   358                     85.83                    8.99                 6/1/2007                   5/1/2037                     1593.4
211057353                                   NEWPORT NEWS                               VA                23608       Primary                           Single Family Detached                        360                   358                        90                   8.969                 6/1/2007                   5/1/2037                    1728.42
211057416                                   PORTSMOUTH                                 VA                23701       Primary                           Single Family Detached                        360                   358                        90                    10.3                 6/1/2007                   5/1/2037                    1056.84
211057417                                   CHARLOTTE                                  NC                28269       Non-owner                         Single Family Detached                        360                   358                     70.91                    12.4                 6/1/2007                   5/1/2037                    1239.62
211057429                                   RUTHER GLEN                                VA                22546       Non-owner                         PUD Detached                                  360                   359                        85                    8.95                 7/1/2007                   6/1/2037                    1600.05
211057442                                   TAKOMA PARK                                MD                20912       Primary                           Single Family Detached                        360                   359                     69.59                     7.2                 7/1/2007                   6/1/2037                    2082.59
211057462                                   BOILING SPRINGS                            SC                29316       Primary                           Single Family Detached                        360                   358                        90                    11.9                 6/1/2007                   5/1/2037                     987.74
211057469                                   CHARLOTTESVILLE                            VA                22901       Primary                           Single Family Detached                        360                   359                     20.11                    9.99                 7/1/2007                   6/1/2037                     636.27
211057482                                   SMITHFIELD                                 VA                23430       Primary                           Single Family Detached                        360                   358                        15                    11.5                 6/1/2007                   5/1/2037                     594.17
211057503                                   WESTFIELD                                  MA                01085       Primary                           Single Family Detached                        360                   358                        90                    8.62                 6/1/2007                   5/1/2037                    1770.23
211057508                                   BRIDGEPORT                                 CT                06606       Primary                           Single Family Detached                        360                   358                     53.45                    6.95                 6/1/2007                   5/1/2037                    1026.02
211057516                                   CHESTERFIELD                               VA                23838       Primary                           Single Family Detached                        360                   359                        65                    11.8                 7/1/2007                   6/1/2037                    1745.31
211057528                                   MIDDLE RIVER                               MD                21220       Primary                           Single Family Detached                        360                   359                        70                    8.25                 7/1/2007                   6/1/2037                    1156.95
211057568                                   BOWIE                                      MD                20720       Primary                           Single Family Detached                        360                   358                        90                    7.45                 6/1/2007                   5/1/2037                     2630.1
211057599                                   LAUREL                                     MD                20707       Primary                           PUD Attached                                  360                   359                     79.79                     7.8                 7/1/2007                   6/1/2037                    1741.96
211057604                                   FAIRHAVEN                                  MA                02719       Primary                           Single Family Detached                        360                   359                        85                    10.7                 7/1/2007                   6/1/2037                    2765.93
211057614                                   HOPEDALE                                   MA                01747       Primary                           Condo Low-Rise Attached                       360                   359                      78.4                    6.85                 7/1/2007                   6/1/2037                    1124.39
211057640                                   FORT LAUDERDALE                            FL                33309       Primary                           PUD Attached                                  360                   359                        90                     9.3                 7/1/2007                   6/1/2037                    1394.38
211057656                                   CONYERS                                    GA                30012       Primary                           Single Family Attached                        360                   358                        75                      10                 6/1/2007                   5/1/2037                     888.54
211057663                                   BECKET                                     MA                01223       Primary                           Single Family Detached                        360                   359                        90                    8.15                 7/1/2007                   6/1/2037                    1996.83
211057666                                   JESSUP                                     MD                20794       Primary                           PUD Attached                                  360                   358                        85                    7.85                 6/1/2007                   5/1/2037                    2201.11
211057692                                   PORT SAINT LUCIE                           FL                34953       Primary                           Single Family Detached                        360                   359                     58.91                  10.175                 7/1/2007                   6/1/2037                    1206.62
211057711                                   RUCKERSVILLE                               VA                22968       Primary                           PUD Detached                                  360                   359                        90                   10.57                 7/1/2007                   6/1/2037                    1947.38
211057713                                   WASHINGTON                                 DC                20011       Primary                           Single Family Attached                        360                   359                        90                    8.45                 7/1/2007                   6/1/2037                    2874.87
211057717                                   HOLLYWOOD                                  MD                20636       Primary                           Single Family Detached                        360                   359                     51.64                     8.9                 7/1/2007                   6/1/2037                    1379.57
211057720                                   RED OAK                                    VA                23964       Primary                           Single Family Detached                        360                   359                        70                    10.5                 7/1/2007                   6/1/2037                    1088.54
211057721                                   GORDONSVILLE                               VA                22942       Primary                           Single Family Detached                        360                   358                        80                    8.85                 6/1/2007                   5/1/2037                    1306.91
211057727                                   LAS VEGAS                                  NV                89123       Primary                           Single Family Detached                        360                   358                        80                   7.925                 6/1/2007                   5/1/2037                    2693.56
211057751                                   LANDOVER                                   MD                20785       Primary                           PUD Attached                                  360                   359                     76.98                    6.89                 7/1/2007                   6/1/2037                    1328.95
211057770                                   FORT WASHINGTON                            MD                20744       Primary                           Single Family Detached                        360                   359                     62.08                     6.4                 7/1/2007                   6/1/2037                    2057.91
211057773                                   UPPER MARLBORO                             MD                20774       Primary                           PUD Detached                                  360                   359                     63.39                     9.5                 7/1/2007                   6/1/2037                    2985.03
211057798                                   NORFOLK                                    VA                23502       Primary                           Single Family Detached                        360                   359                     74.94                     9.7                 7/1/2007                   6/1/2037                    1025.73
211057806                                   FOREST                                     VA                24551       Primary                           Single Family Detached                        360                   359                        70                  10.925                 7/1/2007                   6/1/2037                    1107.31
211057809                                   YORKTOWN                                   VA                23690       Primary                           Single Family Detached                        360                   359                     77.14                    8.45                 7/1/2007                   6/1/2037                      826.6
211057832                                   HAMDEN                                     CT                06514       Primary                           2-4 Units Detached                            360                   359                     63.64                     9.1                 7/1/2007                   6/1/2037                     1420.7
211057848                                   FEDERALSBURG                               MD                21632       Primary                           Single Family Detached                        360                   358                        90                   10.25                 6/1/2007                   5/1/2037                    3538.26
211057851                                   SILVER SPRING                              MD                20904       Primary                           Single Family Detached                        360                   359                     33.78                   9.875                 7/1/2007                   6/1/2037                    1319.89
211057878                                   NORRISTOWN                                 PA                19401       Primary                           Single Family Attached                        360                   359                        90                     8.5                 7/1/2007                   6/1/2037                    1154.62
211057892                                   BALTIMORE                                  MD                21224       Primary                           Single Family Attached                        360                   359                        90                    9.51                 7/1/2007                   6/1/2037                    1352.78
211057899                                   LAKELAND                                   FL                33809       Primary                           Single Family Detached                        360                   359                        63                     7.9                 7/1/2007                   6/1/2037                     915.77
211057917                                   RICHMOND                                   VA                23222       Primary                           2-4 Units Detached                            360                   359                        85                    9.99                 7/1/2007                   6/1/2037                    1192.49
211057972                                   FORT WASHINGTON                            MD                20744       Primary                           Single Family Detached                        360                   359                     62.73                    6.97                 7/1/2007                   6/1/2037                    1601.84
211057974                                   RIVA                                       MD                21140       Primary                           PUD Detached                                  360                   359                        65                    8.85                 7/1/2007                   6/1/2037                    1130.05
211057986                                   STAFFORD                                   VA                22556       Primary                           PUD Detached                                  360                   359                     66.67                    8.02                 7/1/2007                   6/1/2037                    1764.38
211057991                                   WALDORF                                    MD                20603       Primary                           Single Family Attached                        360                   359                        75                    9.85                 7/1/2007                   6/1/2037                    2209.59
211058000                                   BILLERICA                                  MA                01821       Primary                           Single Family Detached                        360                   359                      69.4                   6.975                 7/1/2007                   6/1/2037                     2416.5
211058033                                   NEWNAN                                     GA                30265       Primary                           Single Family Detached                        360                   359                        85                    8.45                 7/1/2007                   6/1/2037                     2179.4
211058101                                   SUFFOLK                                    VA                23434       Primary                           PUD Detached                                  360                   359                        70                    7.25                 7/1/2007                   6/1/2037                     1188.4
211058102                                   VIRGINIA BEACH                             VA                23456       Primary                           Single Family Detached                        360                   359                        70                  10.325                 7/1/2007                   6/1/2037                    2284.86
211058141                                   STAFFORD                                   VA                22554       Primary                           PUD Detached                                  360                   359                     50.23                    7.99                 7/1/2007                   6/1/2037                     725.98
211058175                                   OXON HILL                                  MD                20745       Primary                           Single Family Detached                        360                   359                        80                    9.05                 7/1/2007                   6/1/2037                    2922.17
211058275                                   SPRINGFIELD                                MA                01104       Primary                           2-4 Units Detached                            360                   359                     82.25                     9.6                 7/1/2007                   6/1/2037                    1548.74
211058291                                   ROANOKE                                    VA                24013       Primary                           2-4 Units Detached                            360                   359                        90                    11.7                 7/1/2007                   6/1/2037                     633.68
231092397                                   NEW HAVEN                                  CT                06513       Primary                           2-4 Units Detached                            360                   359                     69.77                    8.95                 7/1/2007                   6/1/2037                    1201.54
231092623                                   NEW BRITAIN                                CT                06053       Primary                           Single Family Detached                        360                   359                        65                    9.85                 7/1/2007                   6/1/2037                     965.94
231092779                                   BEACON FALLS                               CT                06403       Primary                           2-4 Units Detached                            360                   359                        80                    9.15                 7/1/2007                   6/1/2037                    2087.52
231092984                                   DOLTON                                     IL                60419       Primary                           Single Family Detached                        360                   359                        90                  10.413                 7/1/2007                   6/1/2037                    1512.22
231092992                                   PHILADELPHIA                               PA                19129       Non-owner                         Single Family Attached                        360                   359                     81.52                   10.45                 7/1/2007                   6/1/2037                     683.25
231093008                                   FALLS TOWNSHIP                             PA                19067       Primary                           Single Family Detached                        360                   359                        75                     8.4                 7/1/2007                   6/1/2037                    1918.03
231093113                                   VLG SARANAC LAKE T/O HARRIETSVILLE         NY                12983       Primary                           Single Family Detached                        360                   359                        90                    10.8                 7/1/2007                   6/1/2037                     986.92
231093168                                   ROCKLAND                                   MA                02370       Primary                           Condo Low-Rise Attached                       360                   359                        85                   6.875                 7/1/2007                   6/1/2037                       1664
231093329                                   EAST HAMPSTEAD                             NH                03826       Primary                           Single Family Detached                        360                   359                        80                     7.1                 7/1/2007                   6/1/2037                    1307.71
231093497                                   FULTON                                     NY                13069       Primary                           Single Family Detached                        360                   359                        90                   11.39                 7/1/2007                   6/1/2037                     795.29
231093620                                   NEW LONDON                                 CT                06320       Primary                           2-4 Units Detached                            360                   359                        90                    9.42                 7/1/2007                   6/1/2037                    2066.68
231093624                                   AMHERST                                    MA                01002       Primary                           Single Family Detached                        360                   358                        90                   10.45                 6/1/2007                   5/1/2037                    2713.88
231093648                                   HARTFORD                                   CT                06112       Primary                           2-4 Units Detached                            360                   359                        90                    6.99                 7/1/2007                   6/1/2037                     1794.5
231093716                                   OAK BLUFFS                                 MA                02557       Primary                           Single Family Detached                        360                   359                     47.06                    8.67                 7/1/2007                   6/1/2037                    1561.99
231093732                                   REVERE                                     MA                02151       Primary                           2-4 Units Attached                            360                   359                        80                   6.925                 7/1/2007                   6/1/2037                    2217.57
231093733                                   CICERO                                     NY                13030       Non-owner                         Single Family Detached                        360                   359                        80                   12.05                 7/1/2007                   6/1/2037                      677.3
231093763                                   ATHOL                                      MA                01331       Primary                           Single Family Detached                        360                   359                     89.01                     9.1                 7/1/2007                   6/1/2037                    1315.16
231093791                                   TOWN OF ENFIELD                            CT                06082       Primary                           Single Family Detached                        360                   359                        90                     7.7                 7/1/2007                   6/1/2037                    1263.06
231093817                                   ATTLEBORO                                  MA                02703       Non-owner                         2-4 Units Detached                            360                   359                        85                   10.15                 7/1/2007                   6/1/2037                    2482.92
231093827                                   MANCHESTER                                 CT                06040       Non-owner                         2-4 Units Detached                            360                   359                     62.69                    7.84                 7/1/2007                   6/1/2037                    1214.04
231093834                                   LEOMINSTER                                 MA                01453       Primary                           2-4 Units Detached                            360                   359                     64.56                    7.35                 7/1/2007                   6/1/2037                    1756.88
231093850                                   LINDENHURST                                NY                11757       Primary                           Single Family Detached                        360                   359                      32.5                    8.37                 7/1/2007                   6/1/2037                     987.64
231093872                                   ATTLEBORO                                  MA                02703       Primary                           2-4 Units Detached                            360                   359                        90                    10.5                 7/1/2007                   6/1/2037                     3251.9
231093891                                   OCEANSIDE T/O HEMPSTEAD                    NY                11572       Primary                           Single Family Detached                        360                   359                        80                    8.65                 7/1/2007                   6/1/2037                    2799.42
231093915                                   BARNSTABLE                                 MA                02632       Primary                           Single Family Detached                        360                   359                      40.3                   10.05                 7/1/2007                   6/1/2037                     934.14
231093933                                   BOROUGH OF SPOTSWOOD                       NJ                08884       Non-owner                         Single Family Detached                        360                   359                        80                   9.525                 7/1/2007                   6/1/2037                    1820.19
231093945                                   BATH                                       ME                04530       Primary                           Single Family Detached                        360                   359                     83.96                    7.55                 7/1/2007                   6/1/2037                     1250.7
231093947                                   PHILADELPHIA                               PA                19134       Primary                           Single Family Attached                        360                   359                        90                   11.84                 7/1/2007                   6/1/2037                    1051.88
231093960                                   LOWELL                                     MA                01852       Primary                           Condo Low-Rise Attached                       360                   359                        80                    9.32                 7/1/2007                   6/1/2037                    1655.51
231093976                                   PLYMOUTH                                   ME                04969       Primary                           Single Family Detached                        360                   358                        90                     8.9                 6/1/2007                   5/1/2037                    1665.05
231093979                                   TOWN OF THOMASTON                          CT                06787       Primary                           Single Family Detached                        360                   359                     76.92                     7.1                 7/1/2007                   6/1/2037                    2437.42
231094027                                   PHILADELPHIA                               PA                19148       Primary                           Single Family Attached                        360                   358                        85                   12.25                 6/1/2007                   5/1/2037                     712.57
231094042                                   NORFOLK                                    CT                06058       Primary                           Single Family Detached                        360                   359                        80                    6.85                 7/1/2007                   6/1/2037                    1625.04
231094046                                   WORCESTER                                  MA                01609       Non-owner                         Single Family Attached                        360                   359                        75                    8.75                 7/1/2007                   6/1/2037                    1416.06
231094052                                   TOWN OF CHELSEA                            ME                04330       Primary                           Single Family Detached                        360                   359                        65                    9.95                 7/1/2007                   6/1/2037                    1238.29
231094078                                   HARTFORD                                   CT                06106       Primary                           2-4 Units Detached                            360                   359                     58.47                     8.3                 7/1/2007                   6/1/2037                    1094.44
231094092                                   HAMMOND                                    IN                46323       Primary                           Single Family Detached                        360                   359                        90                     9.5                 7/1/2007                   6/1/2037                     908.12
231094107                                   SEA ISLE CITY                              NJ                08243       Second Home                       Condo High-Rise Attached                      360                   359                     18.18                      10                 7/1/2007                   6/1/2037                     877.57
231094117                                   EAST WAREHAM                               MA                02538       Primary                           Single Family Detached                        360                   358                     58.71                     6.4                 6/1/2007                   5/1/2037                    1138.42
231094195                                   HOPKINTON                                  MA                01748       Primary                           Single Family Detached                        360                   359                        85                    9.37                 7/1/2007                   6/1/2037                    1837.36
231094202                                   ROCKLEDGE                                  FL                32955       Primary                           Single Family Detached                        360                   359                        90                    8.65                 7/1/2007                   6/1/2037                    1229.69
231094228                                   TREMONT                                    ME                04653       Primary                           Single Family Detached                        360                   359                     43.42                      10                 7/1/2007                   6/1/2037                    1447.99
231094253                                   EAST BOSTON                                MA                02128       Primary                           Condo Low-Rise Attached                       360                   359                     81.14                     9.5                 7/1/2007                   6/1/2037                    1150.29
231094260                                   PHILADELPHIA                               PA                19139       Non-owner                         2-4 Units Attached                            360                   359                        80                    11.3                 7/1/2007                   6/1/2037                     975.06
231094277                                   OLD FORGE                                  PA                18518       Primary                           Single Family Detached                        360                   359                        90                    9.15                 7/1/2007                   6/1/2037                    1174.23
231094298                                   PROVIDENCE                                 RI                02907       Non-owner                         Single Family Detached                        360                   359                        90                    11.2                 7/1/2007                   6/1/2037                    1445.39
231094304                                   ROYAL PALM BEACH                           FL                33411       Primary                           Single Family Detached                        360                   359                        80                    8.99                 7/1/2007                   6/1/2037                     2861.9
231094310                                   LAWRENCE                                   MA                01841       Primary                           2-4 Units Detached                            360                   359                        90                    7.05                 7/1/2007                   6/1/2037                    1856.45
231094335                                   CANAAN (FALLS VILLAGE)                     CT                06031       Primary                           Single Family Detached                        360                   359                        90                    9.75                 7/1/2007                   6/1/2037                    1778.45
231094358                                   WILBRAHAM                                  MA                01095       Primary                           Single Family Detached                        360                   359                     77.08                    8.99                 7/1/2007                   6/1/2037                    1487.22
231094377                                   CITY OF BRIDGEPORT                         CT                06606       Non-owner                         Condo Low-Rise Attached                       360                   359                        90                    10.8                 7/1/2007                   6/1/2037                    1476.16
231094382                                   TOWN OF HARRISON                           ME                04040       Primary                           Single Family Detached                        360                   359                        85                      11                 7/1/2007                   6/1/2037                    1173.74
231094384                                   TOWN OF COCHECTON                          NY                12726       Primary                           Single Family Detached                        360                   359                        90                     9.7                 7/1/2007                   6/1/2037                    1982.59
231094385                                   LAWRENCE                                   MA                01841       Primary                           2-4 Units Detached                            360                   359                        90                    7.99                 7/1/2007                   6/1/2037                    2437.91
231094392                                   SALEM                                      NH                03079       Primary                           Single Family Detached                        360                   359                        80                     8.8                 7/1/2007                   6/1/2037                    2177.28
231094394                                   BOSTON                                     MA                02124       Primary                           2-4 Units Detached                            360                   359                     89.23                    9.84                 7/1/2007                   6/1/2037                    4852.28
231094400                                   TOWN OF WALLINGFORD                        CT                06492       Primary                           Single Family Detached                        360                   359                     78.17                    7.99                 7/1/2007                   6/1/2037                    1246.38
231094417                                   HARTFORD                                   CT                06106       Primary                           2-4 Units Detached                            360                   359                        90                    9.99                 7/1/2007                   6/1/2037                    2187.95
231094420                                   PLAINVILLE                                 MA                02762       Primary                           Single Family Detached                        360                   359                     84.86                    8.25                 7/1/2007                   6/1/2037                    2271.71
231094433                                   HOLLAND                                    MA                01521       Primary                           Single Family Detached                        360                   359                     76.92                    9.95                 7/1/2007                   6/1/2037                     873.88
231094449                                   DORCHESTER                                 MA                02124       Primary                           Single Family Detached                        360                   358                     88.78                     7.5                 6/1/2007                   5/1/2037                    2296.92
231094455                                   SOUTH DAYTONA                              FL                32119       Primary                           Single Family Detached                        360                   359                     89.78                    9.12                 7/1/2007                   6/1/2037                    1642.81
231094465                                   GUILFORD                                   ME                04443       Non-owner                         Single Family Detached                        360                   359                     79.47                   10.35                 7/1/2007                   6/1/2037                    1084.25
231094469                                   PHILADELPHIA                               PA                19116       Primary                           Single Family Attached                        360                   359                     64.76                    8.85                 7/1/2007                   6/1/2037                    1079.64
231094485                                   NEW MILFORD                                CT                06776       Primary                           Single Family Detached                        360                   359                     18.75                    10.5                 7/1/2007                   6/1/2037                     686.05
231094486                                   HEBRON                                     CT                06248       Primary                           Single Family Detached                        360                   359                     57.06                     7.9                 7/1/2007                   6/1/2037                       1381
231094500                                   LEOMINSTER                                 MA                01453       Non-owner                         2-4 Units Detached                            360                   359                     72.35                   10.97                 7/1/2007                   6/1/2037                    2337.14
231094502                                   PLAINVILLE                                 CT                06062       Primary                           2-4 Units Detached                            360                   359                        90                    8.75                 7/1/2007                   6/1/2037                    1878.55
231094504                                   EASTON                                     PA                18042       Primary                           Single Family Detached                        360                   358                        85                    10.8                 6/1/2007                   5/1/2037                    1628.58
231094507                                   NEW MILFORD                                CT                06776       Non-owner                         Single Family Detached                        360                   359                        85                   10.99                 7/1/2007                   6/1/2037                    3235.33
231094517                                   GLENOLDEN                                  PA                19036       Primary                           Single Family Detached                        360                   359                     58.33                    7.65                 7/1/2007                   6/1/2037                     869.16
231094524                                   GUILFORD                                   ME                04443       Primary                           Single Family Detached                        360                   359                        80                     9.3                 7/1/2007                   6/1/2037                    1156.82
231094534                                   BRANFORD                                   CT                06405       Primary                           Condo Low-Rise Attached                       360                   359                     88.89                    8.99                 7/1/2007                   6/1/2037                     924.71
231094539                                   TOWN OF NEW WINDSOR                        NY                12553       Primary                           Single Family Detached                        360                   359                        90                   9.125                 7/1/2007                   6/1/2037                    2489.72
231094569                                   OAKLAND                                    ME                04963       Primary                           Single Family Detached                        360                   359                     76.67                    10.9                 7/1/2007                   6/1/2037                    1086.49
231094589                                   NEW HAVEN                                  CT                06511       Primary                           2-4 Units Detached                            360                   359                        75                    7.92                 7/1/2007                   6/1/2037                    1671.21
231094594                                   TOWN OF LYMAN                              ME                04002       Primary                           Single Family Detached                        360                   359                        70                     6.7                 7/1/2007                   6/1/2037                    1560.99
231094615                                   TEWKSBURY                                  MA                01876       Primary                           Condo Low-Rise Attached                       360                   359                        90                    7.99                 7/1/2007                   6/1/2037                    1956.58
231094641                                   TOWN OF HARTFORD                           CT                06106       Non-owner                         2-4 Units Detached                            360                   359                        80                  10.925                 7/1/2007                   6/1/2037                    2196.25
231094642                                   TOWNSHIP OF POLK                           PA                18330       Non-owner                         PUD Detached                                  360                   359                        90                   11.55                 7/1/2007                   6/1/2037                    1503.09
231094646                                   HARTFORD                                   CT                06112       Non-owner                         2-4 Units Detached                            360                   359                        75                    9.32                 7/1/2007                   6/1/2037                    1701.03
231094653                                   ATTLEBORO                                  MA                02703       Primary                           Single Family Detached                        360                   359                        80                   10.87                 7/1/2007                   6/1/2037                    2129.62
231094667                                   WEST YARMOUTH                              MA                02673       Primary                           Single Family Detached                        360                   359                     59.68                   11.35                 7/1/2007                   6/1/2037                     1810.9
231094709                                   LAWRENCE                                   MA                01843       Primary                           Single Family Detached                        360                   359                        85                   10.57                 7/1/2007                   6/1/2037                    2165.99
231094714                                   TOWN OF HEMPSTEAD, VALLEY STREAM           NY                11580       Primary                           Single Family Detached                        360                   359                      44.9                    6.97                 7/1/2007                   6/1/2037                    1362.36
231094759                                   CITY OF BRIDGEPORT                         CT                06610       Non-owner                         2-4 Units Attached                            360                   359                      76.6                     9.6                 7/1/2007                   6/1/2037                    2306.32
231094769                                   HERMON                                     ME                04401       Primary                           Single Family Detached                        360                   359                        80                    9.45                 7/1/2007                   6/1/2037                       1440
231094801                                   MANSFIELD                                  CT                06250       Primary                           Single Family Detached                        360                   359                     73.26                    10.8                 7/1/2007                   6/1/2037                    1476.16
231094847                                   HACKENSACK                                 NJ                07601       Non-owner                         Single Family Detached                        360                   359                        90                    11.3                 7/1/2007                   6/1/2037                    2478.88
231094881                                   MORRISVILLE                                VT                05661       Primary                           Single Family Detached                        360                   359                        75                     8.9                 7/1/2007                   6/1/2037                     837.31
231094932                                   TOWN OF MERCER                             ME                04957       Primary                           Single Family Detached                        360                   359                     72.29                     7.4                 7/1/2007                   6/1/2037                    1751.72
231094954                                   PAWTUCKET                                  RI                02860       Non-owner                         2-4 Units Detached                            360                   359                        90                      10                 7/1/2007                   6/1/2037                    1232.11
231094955                                   TOWNSHIP OF UPPER SAUCON                   PA                18036       Primary                           Single Family Detached                        360                   359                        90                     9.9                 7/1/2007                   6/1/2037                    2203.37
331053100                                   BROOKLYN                                   NY                11226       Primary                           Single Family Attached                        360                   358                     58.82                     7.6                 6/1/2007                   5/1/2037                    1663.68
331054406                                   HUNTINGTON                                 NY                11743       Primary                           Single Family Detached                        360                   359                     57.23                    8.27                 7/1/2007                   6/1/2037                    1593.72
331054902                                   BRONX                                      NY                10469       Primary                           2-4 Units Attached                            360                   359                      73.6                       8                 7/1/2007                   6/1/2037                    3124.66
331055098                                   NORTH BABYLON                              NY                11703       Primary                           Single Family Detached                        360                   359                     34.93                   9.125                 7/1/2007                   6/1/2037                    1065.86
331055456                                   NORTH BABYLON                              NY                11703       Primary                           Single Family Detached                        360                   358                     36.23                     9.5                 6/1/2007                   5/1/2037                    1051.07
331055493                                   MAHOPAC                                    NY                10541       Primary                           Single Family Detached                        360                   358                        90                       8                 6/1/2007                   5/1/2037                     1681.2
331056169                                   BOCA RATON                                 FL                33432       Primary                           Single Family Detached                        360                   358                        90                    8.45                 6/1/2007                   5/1/2037                    2798.35
331056282                                   MINEVILLE                                  NY                12956       Primary                           Single Family Detached                        360                   358                        90                     8.5                 6/1/2007                   5/1/2037                     899.63
331056417                                   HARDEEVILLE                                SC                29927       Primary                           Single Family Detached                        360                   357                        80                     8.8                 5/1/2007                   4/1/2037                     821.89
331056569                                   BROOKLYN                                   NY                11223       Primary                           Single Family Attached                        360                   358                     42.83                    6.35                 6/1/2007                   5/1/2037                    1419.69
331056626                                   BROOKLYN                                   NY                11205       Primary                           Condo Low-Rise Attached                       360                   359                     58.57                   6.775                 7/1/2007                   6/1/2037                    2666.07
331056659                                   ISLIP                                      NY                11751       Primary                           Single Family Detached                        360                   359                     78.72                     7.2                 7/1/2007                   6/1/2037                    2283.06
331056863                                   PLAINFIELD                                 NJ                07063       Non-owner                         2-4 Units Detached                            360                   359                        90                   9.092                 7/1/2007                   6/1/2037                    1898.33
331056970                                   BRENTWOOD                                  NY                11717       Primary                           Single Family Detached                        360                   358                        80                    7.99                 6/1/2007                   5/1/2037                    2361.51
331056974                                   BROOKLYN                                   NY                11212       Non-owner                         2-4 Units Attached                            360                   358                        75                     9.9                 6/1/2007                   5/1/2037                    4242.18
331056986                                   GREENVILLE                                 NC                27834       Primary                           Single Family Detached                        360                   359                     89.88                    8.79                 7/1/2007                   6/1/2037                     1156.7
331056999                                   BOYTON BEACH                               FL                33437       Primary                           Single Family Detached                        360                   359                     70.59                     8.3                 7/1/2007                   6/1/2037                    2153.76
331057008                                   SELDEN                                     NY                11784       Primary                           Single Family Detached                        360                   358                     59.06                   11.35                 6/1/2007                   5/1/2037                    1850.05
331057009                                   GREENTOWN                                  PA                18426       Primary                           Single Family Detached                        360                   359                     93.62                    9.45                 7/1/2007                   6/1/2037                    2603.94
331057059                                   WEST JEFFERSON                             NC                28694       Second Home                       PUD Detached                                  360                   358                        80                    8.45                 6/1/2007                   5/1/2037                    2234.89
331057072                                   ALBANY                                     NY                12205       Primary                           Single Family Detached                        360                   359                        90                     9.2                 7/1/2007                   6/1/2037                    1557.85
331057086                                   BROOKLYN                                   NY                11203       Primary                           2-4 Units Attached                            360                   359                        85                     7.4                 7/1/2007                   6/1/2037                    2903.09
331057093                                   JAMAICA                                    NY                11434       Non-owner                         2-4 Units Detached                            360                   358                     43.48                    8.35                 6/1/2007                   5/1/2037                    1895.77
331057115                                   DAMASCUS                                   GA                39841       Primary                           Single Family Detached                        360                   358                     83.73                     9.6                 6/1/2007                   5/1/2037                     982.65
331057142                                   BROOKLYN                                   NY                11203       Primary                           2-4 Units Detached                            360                   359                     69.57                     8.8                 7/1/2007                   6/1/2037                     3161.1
331057156                                   BROOKLYN                                   NY                11213       Primary                           2-4 Units Attached                            360                   359                     74.29                       7                 7/1/2007                   6/1/2037                    3231.44
331057176                                   ASHFORD                                    CT                06278       Primary                           Single Family Detached                        360                   358                        85                    8.55                 6/1/2007                   5/1/2037                    1197.89
331057200                                   ROOSEVELT                                  NY                11575       Primary                           Single Family Detached                        360                   359                        77                     9.9                 7/1/2007                   6/1/2037                    2719.47
331057232                                   CAMPBELL                                   NY                14821       Primary                           Single Family Detached                        360                   359                        90                    7.99                 7/1/2007                   6/1/2037                     765.32
331057246                                   BRONX                                      NY                10467       Primary                           2-4 Units Attached                            360                   358                        65                     7.8                 6/1/2007                   5/1/2037                    2255.35
331057278                                   WALLKILL                                   NY                12589       Primary                           Single Family Detached                        360                   359                        85                    7.89                 7/1/2007                   6/1/2037                    1898.03
331057296                                   BROOKLYN                                   NY                11213       Primary                           2-4 Units Attached                            360                   358                     61.38                   7.162                 6/1/2007                   5/1/2037                    3090.18
331057321                                   WILMINGTON                                 NC                28405       Primary                           Single Family Detached                        360                   358                        85                    9.99                 6/1/2007                   5/1/2037                    1453.35
331057332                                   HEMPSTEAD                                  NY                11550       Primary                           Single Family Detached                        360                   358                        85                    8.75                 6/1/2007                   5/1/2037                    2605.46
331057341                                   WEST HAVERSTRAW                            NY                10993       Primary                           Single Family Detached                        360                   358                        80                     7.2                 6/1/2007                   5/1/2037                    1710.55
331057375                                   MILLVILLE                                  NJ                08332       Primary                           Single Family Detached                        360                   359                        85                    7.99                 7/1/2007                   6/1/2037                     856.05
331057391                                   KEANSBURG                                  NJ                07734       Primary                           Single Family Detached                        360                   358                     72.46                    7.85                 6/1/2007                   5/1/2037                    1808.34
331057397                                   FAIR LAWN                                  NJ                07410       Primary                           Single Family Detached                        360                   358                        80                    9.55                 6/1/2007                   5/1/2037                    2769.98
331057406                                   OAK RIDGE                                  NJ                07438       Primary                           Single Family Detached                        360                   359                        55                    9.35                 7/1/2007                   6/1/2037                    1551.97
331057419                                   STANHOPE                                   NJ                07874       Primary                           Single Family Detached                        360                   358                     77.92                   7.625                 6/1/2007                   5/1/2037                    2123.38
331057458                                   MOUNT VERNON                               NY                10550       Primary                           2-4 Units Detached                            360                   359                        85                    9.99                 7/1/2007                   6/1/2037                    4326.64
331057459                                   ISLIP                                      NY                11751       Primary                           Single Family Detached                        360                   359                     77.92                    6.55                 7/1/2007                   6/1/2037                    1702.46
331057487                                   BALLSTON SPA                               NY                12020       Primary                           Single Family Detached                        360                   359                        90                    7.95                 7/1/2007                   6/1/2037                    2315.35
331057499                                   EAST STROUDSBURG                           PA                18302       Primary                           Single Family Detached                        360                   359                        90                     9.1                 7/1/2007                   6/1/2037                    1366.31
331057536                                   HOWELL                                     NJ                07731       Primary                           Single Family Detached                        360                   359                     74.46                   7.975                 7/1/2007                   6/1/2037                    3052.53
331057563                                   BRONX                                      NY                10458       Primary                           2-4 Units Attached                            360                   359                        90                       8                 7/1/2007                   6/1/2037                    3566.95
331057583                                   BROOKLYN                                   NY                11210       Primary                           Single Family Attached                        360                   359                     50.51                    6.74                 7/1/2007                   6/1/2037                    1506.59
331057591                                   ATLANTIC HIGHLANDS                         NJ                07716       Primary                           2-4 Units Detached                            360                   359                     77.78                    8.65                 7/1/2007                   6/1/2037                    2605.84
331057598                                   NEWPORT NEWS                               VA                23608       Primary                           Single Family Detached                        360                   358                     42.02                    7.15                 6/1/2007                   5/1/2037                     675.41
331057600                                   PRESTON HOLLOW                             NY                12469       Primary                           Single Family Detached                        360                   359                        80                    7.75                 7/1/2007                   6/1/2037                     762.26
331057605                                   PATCHOGUE                                  NY                11772       Primary                           Single Family Detached                        360                   359                        90                    7.99                 7/1/2007                   6/1/2037                    2137.24
331057609                                   CLIFTON                                    NJ                07013       Primary                           2-4 Units Detached                            360                   358                        90                    7.45                 6/1/2007                   5/1/2037                    2920.87
331057636                                   NEWARK                                     NJ                07108       Non-owner                         2-4 Units Detached                            360                   358                        65                     7.9                 6/1/2007                   5/1/2037                       1559
331057638                                   SPRINGFIELD GARDENS                        NY                11413       Primary                           Single Family Detached                        360                   359                     74.73                     8.9                 7/1/2007                   6/1/2037                    2711.29
331057640                                   EAST ORANGE                                NJ                07018       Non-owner                         2-4 Units Detached                            360                   358                        65                     7.9                 6/1/2007                   5/1/2037                       1559
331057642                                   NEWARK                                     NJ                07108       Non-owner                         2-4 Units Detached                            360                   358                     64.85                     7.9                 6/1/2007                   5/1/2037                    1555.36
331057709                                   ROOSEVELT                                  NY                11575       Primary                           Single Family Detached                        360                   359                        90                   11.35                 7/1/2007                   6/1/2037                    3485.57
331057712                                   TEANECK                                    NJ                07666       Primary                           Single Family Detached                        360                   358                        75                     7.4                 6/1/2007                   5/1/2037                    1952.08
331057722                                   ISLAND PARK                                NY                11558       Non-owner                         2-4 Units Detached                            360                   359                        80                     8.5                 7/1/2007                   6/1/2037                    3629.27
331057726                                   TAMIMENT                                   PA                18324       Second Home                       Single Family Detached                        360                   359                     55.08                   7.025                 7/1/2007                   6/1/2037                     867.08
331057735                                   HAMMONTON                                  NJ                08037       Primary                           Single Family Detached                        360                   359                      82.4                    9.32                 7/1/2007                   6/1/2037                    1639.93
331057759                                   ROOSEVELT                                  NY                11575       Primary                           Single Family Detached                        360                   358                        80                    8.99                 6/1/2007                   5/1/2037                    2712.48
331057762                                   WYANDANCH                                  NY                11798       Primary                           Single Family Detached                        360                   359                     69.28                    7.22                 7/1/2007                   6/1/2037                    1625.54
331057794                                   FARMINGDALE                                NY                11735       Primary                           Single Family Detached                        360                   359                        80                    9.15                 7/1/2007                   6/1/2037                    2818.54
331057799                                   DETROIT                                    MI                48224       Non-owner                         Single Family Detached                        360                   359                        85                    12.3                 7/1/2007                   6/1/2037                      983.4
331057838                                   WOODSIDE                                   NY                11377       Primary                           2-4 Units Attached                            360                   359                     46.07                    7.85                 7/1/2007                   6/1/2037                    2127.49
331057846                                   BRONX                                      NY                10456       Primary                           2-4 Units Detached                            360                   359                     67.13                     6.7                 7/1/2007                   6/1/2037                    2315.08
331057848                                   INWOOD                                     NY                11096       Primary                           2-4 Units Detached                            360                   358                        70                     7.9                 6/1/2007                   5/1/2037                    2407.36
331057857                                   BROOKLYN                                   NY                11203       Primary                           Single Family Attached                        360                   359                        80                    8.99                 7/1/2007                   6/1/2037                    1929.37
331057862                                   SHIRLEY                                    NY                11967       Primary                           Single Family Detached                        360                   359                      83.8                    7.99                 7/1/2007                   6/1/2037                     1997.5
331057873                                   PUTNAM VALLEY                              NY                10579       Primary                           Single Family Detached                        360                   358                     47.47                    7.97                 6/1/2007                   5/1/2037                    1560.79
331057875                                   BROOKLYN                                   NY                11234       Primary                           2-4 Units Attached                            360                   359                        85                    7.95                 7/1/2007                   6/1/2037                    2898.94
331057886                                   E. ORANGE                                  NJ                07017       Non-owner                         2-4 Units Detached                            360                   358                        65                    7.99                 6/1/2007                   5/1/2037                    1572.43
331057909                                   BRONX                                      NY                10470       Primary                           2-4 Units Detached                            360                   359                     52.68                     7.8                 7/1/2007                   6/1/2037                    2123.62
331057915                                   BROOKLYN                                   NY                11210       Non-owner                         2-4 Units Detached                            360                   359                        85                   10.65                 7/1/2007                   6/1/2037                    2601.29
331057916                                   JAMAICA                                    NY                11434       Primary                           Single Family Attached                        360                   359                     74.44                     7.2                 7/1/2007                   6/1/2037                    2130.64
331057922                                   BROOKLYN                                   NY                11203       Non-owner                         2-4 Units Attached                            360                   359                     37.25                    7.79                 7/1/2007                   6/1/2037                     1754.8
331057943                                   RICHMOND HILL                              NY                11418       Primary                           2-4 Units Attached                            360                   359                     58.04                    6.85                 7/1/2007                   6/1/2037                    2129.59
331057951                                   GETTYSBURG                                 PA                17325       Primary                           Single Family Detached                        360                   359                        90                    7.99                 7/1/2007                   6/1/2037                    1312.72
331057952                                   CORAM                                      NY                11727       Primary                           Single Family Detached                        360                   359                        90                     8.5                 7/1/2007                   6/1/2037                     2910.9
331057970                                   MONROEVILLE                                PA                15146       Primary                           Single Family Detached                        360                   359                        90                    9.99                 7/1/2007                   6/1/2037                       1214
331057995                                   BROOKLYN                                   NY                11233       Primary                           2-4 Units Attached                            360                   359                        80                     6.4                 7/1/2007                   6/1/2037                     2868.6
331058007                                   CROTON ON HUDSON                           NY                10520       Primary                           Single Family Detached                        360                   359                        75                     6.9                 7/1/2007                   6/1/2037                    2116.29
331058027                                   SOUTH OZONE PARK                           NY                11420       Primary                           Single Family Detached                        360                   359                     79.43                    6.99                 7/1/2007                   6/1/2037                    2505.85
331058057                                   BROOKLYN                                   NY                11212       Primary                           2-4 Units Detached                            360                   359                     61.54                    6.55                 7/1/2007                   6/1/2037                    2355.97
331058059                                   WEST YARMOUTH                              MA                02673       Primary                           Single Family Detached                        360                   359                      71.2                    9.25                 7/1/2007                   6/1/2037                    1407.38
331058080                                   BRONX                                      NY                10466       Primary                           2-4 Units Detached                            360                   359                     61.68                     6.7                 7/1/2007                   6/1/2037                    2129.42
331058118                                   BRENTWOOD                                  NY                11717       Primary                           Single Family Detached                        360                   359                     73.49                   7.687                 7/1/2007                   6/1/2037                    1997.08
331058204                                   BRONX                                      NY                10466       Non-owner                         2-4 Units Detached                            360                   359                        85                     9.7                 7/1/2007                   6/1/2037                    4362.97
331058216                                   JERSEY CITY                                NJ                07305       Primary                           2-4 Units Attached                            360                   359                        85                    8.85                 7/1/2007                   6/1/2037                    2906.36
331058225                                   BRONX                                      NY                10462       Primary                           2-4 Units Attached                            360                   359                     77.48                    7.55                 7/1/2007                   6/1/2037                    3169.05
331058395                                   SAINT ALBANS                               NY                11412       Primary                           2-4 Units Detached                            360                   359                        80                    9.05                 7/1/2007                   6/1/2037                    3472.95
331058432                                   DELTONA                                    FL                32725       Primary                           Single Family Detached                        360                   359                     82.73                    7.25                 7/1/2007                   6/1/2037                    2260.06
341042374                                   WESTFIELD                                  NC                27053       Primary                           Single Family Detached                        360                   358                        90                  10.825                 6/1/2007                   5/1/2037                    1522.41
341042545                                   SHREVEPORT                                 LA                71129       Primary                           Single Family Detached                        360                   358                     74.97                  11.975                 6/1/2007                   5/1/2037                    1347.02
341042588                                   TRUSSVILLE                                 AL                35173       Primary                           Single Family Detached                        360                   359                     86.55                     9.5                 7/1/2007                   6/1/2037                     1222.6
341043203                                   WINSTON SALEM                              NC                27106       Primary                           Single Family Detached                        360                   359                        90                   10.75                 7/1/2007                   6/1/2037                     949.35
341043329                                   RALEIGH                                    NC                27601       Non-owner                         2-4 Units Detached                            360                   358                        85                   11.95                 6/1/2007                   5/1/2037                     1080.1
341043383                                   WILMINGTON                                 NC                28401       Primary                           Single Family Detached                        360                   359                        90                  10.475                 7/1/2007                   6/1/2037                    1437.77
341043442                                   WEST COLUMBIA                              SC                29170       Primary                           Single Family Detached                        360                   359                        90                    11.7                 7/1/2007                   6/1/2037                    1345.31
341043572                                   RALEIGH                                    NC                27601       Non-owner                         2-4 Units Detached                            360                   358                        85                    11.4                 6/1/2007                   5/1/2037                    1219.49
341043868                                   NORTH CHARLESTON                           SC                29420       Primary                           PUD Detached                                  360                   358                        80                     9.1                 6/1/2007                   5/1/2037                     880.02
341043870                                   ELLENWOOD                                  GA                30294       Primary                           Single Family Detached                        360                   358                        85                   9.675                 6/1/2007                   5/1/2037                    1378.65
341043907                                   ANNISTON                                   AL                36206       Primary                           Single Family Detached                        360                   359                        85                    8.95                 7/1/2007                   6/1/2037                     847.69
341043938                                   CARY                                       NC                27513       Primary                           PUD Detached                                  360                   358                        90                     8.1                 6/1/2007                   5/1/2037                    2166.69
341043976                                   ATLANTA                                    GA                30346       Primary                           Condo High-Rise Attached                      360                   359                        90                     8.8                 7/1/2007                   6/1/2037                    2238.93
341044016                                   CHARLOTTE                                  NC                28262       Primary                           Single Family Detached                        360                   359                        90                   10.44                 7/1/2007                   6/1/2037                     917.54
341044050                                   CHARLOTTE                                  NC                28226       Primary                           PUD Detached                                  360                   359                        65                   11.55                 7/1/2007                   6/1/2037                     1046.8
341044066                                   LUMBERTON                                  NC                28358       Primary                           Single Family Detached                        360                   358                        77                     8.8                 6/1/2007                   5/1/2037                    3042.56
341044083                                   MONTGOMERY                                 LA                71454       Primary                           Single Family Detached                        360                   358                        85                  10.925                 6/1/2007                   5/1/2037                    1488.62
341044134                                   GRIFFIN                                    GA                30224       Primary                           Single Family Detached                        360                   358                        75                     8.8                 6/1/2007                   5/1/2037                    1541.03
341044165                                   SUPPLY                                     NC                28462       Primary                           PUD Detached                                  360                   359                     73.53                     9.2                 7/1/2007                   6/1/2037                    1023.82
341044181                                   MOUNT PLEASANT                             SC                29464       Primary                           PUD Detached                                  360                   359                     62.91                     7.5                 7/1/2007                   6/1/2037                    1328.51
341044188                                   SUMMERVILLE                                SC                29483       Primary                           Single Family Detached                        360                   359                     74.64                     7.7                 7/1/2007                   6/1/2037                     734.35
341044278                                   DECATUR                                    GA                30034       Primary                           Single Family Detached                        360                   359                        85                   9.725                 7/1/2007                   6/1/2037                    1384.57
341044340                                   SAVANNAH                                   GA                31419       Primary                           PUD Detached                                  360                   359                     74.68                   8.225                 7/1/2007                   6/1/2037                    1723.87
341044492                                   CHARLESTON                                 SC                29407       Primary                           Single Family Detached                        360                   358                     47.36                   9.725                 6/1/2007                   5/1/2037                     893.33
341044497                                   RALEIGH                                    NC                27616       Primary                           PUD Detached                                  360                   358                        80                       9                 6/1/2007                   5/1/2037                     836.81
341044531                                   WILMINGTON                                 NC                28401       Primary                           Single Family Detached                        360                   359                        80                    8.65                 7/1/2007                   6/1/2037                        982
341044578                                   ASHEVILLE                                  NC                28803       Non-owner                         Single Family Detached                        360                   359                     67.86                  11.475                 7/1/2007                   6/1/2037                     938.97
341044652                                   BATON ROUGE                                LA                70815       Primary                           Single Family Detached                        360                   359                        85                   9.675                 7/1/2007                   6/1/2037                    1451.21
341044677                                   WINDER                                     GA                30680       Primary                           Single Family Detached                        360                   359                        70                    10.8                 7/1/2007                   6/1/2037                    1049.71
341044706                                   DOUGLASVILLE                               GA                30135       Non-owner                         Single Family Detached                        360                   359                        85                    8.65                 7/1/2007                   6/1/2037                    2054.16
341044720                                   YORK                                       SC                29745       Primary                           Single Family Detached                        360                   358                        85                     7.7                 6/1/2007                   5/1/2037                    2848.28
341044743                                   SHELBY                                     NC                28152       Primary                           Single Family Detached                        360                   359                        70                     9.2                 7/1/2007                   6/1/2037                    2430.95
341044749                                   SEBASTIAN                                  FL                32958       Primary                           Single Family Detached                        360                   359                        48                     8.6                 7/1/2007                   6/1/2037                     931.21
341044756                                   CHARLOTTE                                  NC                28214       Non-owner                         Single Family Detached                        360                   359                        67                   11.45                 7/1/2007                   6/1/2037                     793.13
341044765                                   ROCK HILL                                  SC                29730       Primary                           Single Family Detached                        360                   358                        90                   11.05                 6/1/2007                   5/1/2037                     592.88
341044767                                   MARION                                     NC                28752       Primary                           Single Family Detached                        360                   359                        90                   9.825                 7/1/2007                   6/1/2037                    1337.73
341044790                                   VILLA RICA                                 GA                30180       Primary                           Single Family Detached                        360                   358                        90                     9.7                 6/1/2007                   5/1/2037                    1575.34
341044848                                   BRYSON CITY                                NC                28713       Primary                           Single Family Detached                        360                   359                        60                     9.6                 7/1/2007                   6/1/2037                     722.63
341044869                                   NEW ORLEANS                                LA                70122       Non-owner                         Single Family Detached                        360                   359                        90                   12.05                 7/1/2007                   6/1/2037                    1207.98
341044891                                   CHARLOTTE                                  NC                28270       Primary                           Single Family Detached                        360                   359                     72.12                    9.55                 7/1/2007                   6/1/2037                    3166.89
341044906                                   SANFORD                                    NC                27332       Primary                           Single Family Detached                        360                   359                     78.95                   9.575                 7/1/2007                   6/1/2037                    1207.12
341044925                                   DECATUR                                    GA                30034       Primary                           PUD Detached                                  360                   359                        85                   9.866                 7/1/2007                   6/1/2037                    1482.71
341044926                                   ASHEVILLE                                  NC                28803       Primary                           Single Family Detached                        360                   359                        85                   8.788                 7/1/2007                   6/1/2037                    1853.36
341044929                                   NEW PRAGUE                                 MN                56071       Primary                           Single Family Detached                        360                   358                        90                     9.6                 6/1/2007                   5/1/2037                    1913.77
341044967                                   ZACHARY                                    LA                70791       Primary                           Single Family Detached                        360                   359                        85                     8.9                 7/1/2007                   6/1/2037                    3117.98
341044979                                   ACWORTH                                    GA                30102       Primary                           Single Family Detached                        360                   359                        90                   9.375                 7/1/2007                   6/1/2037                    1263.41
341045045                                   TEMPLE                                     GA                30179       Non-owner                         Single Family Attached                        360                   359                        90                    12.3                 7/1/2007                   6/1/2037                     964.57
341045051                                   TEMPLE                                     GA                30179       Non-owner                         Single Family Attached                        360                   359                        90                    12.3                 7/1/2007                   6/1/2037                     964.57
341045052                                   TEMPLE                                     GA                30179       Non-owner                         Single Family Attached                        360                   359                        90                    12.3                 7/1/2007                   6/1/2037                     964.57
341045063                                   GASTONIA                                   NC                28056       Non-owner                         Single Family Detached                        360                   359                        85                   11.95                 7/1/2007                   6/1/2037                     696.84
341045126                                   RALEIGH                                    NC                27610       Primary                           PUD Detached                                  360                   359                        90                   8.675                 7/1/2007                   6/1/2037                    1266.01
351044794                                   TEXAS CITY                                 TX                77590       Non-owner                         Single Family Detached                        360                   359                        90                   10.85                 7/1/2007                   6/1/2037                    1100.98
351045423                                   SAINT PETERSBURG                           FL                33705       Non-owner                         PUD Detached                                  360                   358                        85                    11.9                 6/1/2007                   5/1/2037                    1388.45
351045522                                   THE WOODLANDS                              TX                77380       Primary                           PUD Detached                                  360                   359                        65                   12.35                 7/1/2007                   6/1/2037                    1132.17
351045559                                   HOUSTON                                    TX                77048       Primary                           Single Family Detached                        360                   359                        80                   10.35                 7/1/2007                   6/1/2037                     462.61
351045562                                   CONROE                                     TX                77302       Primary                           Single Family Detached                        360                   358                     79.26                    10.5                 6/1/2007                   5/1/2037                    1174.51
351045580                                   THE COLONY                                 TX                75056       Primary                           Single Family Detached                        360                   358                        90                     9.7                 6/1/2007                   5/1/2037                    1647.66
351045607                                   FLORENCE                                   TX                76527       Primary                           Single Family Detached                        360                   359                        80                     7.9                 7/1/2007                   6/1/2037                    1889.69
351045728                                   MIDLAND                                    TX                79707       Primary                           Single Family Detached                        360                   359                        80                    10.7                 7/1/2007                   6/1/2037                     966.91
351045828                                   PEARLAND                                   TX                77584       Primary                           PUD Detached                                  360                   359                     60.27                   11.85                 7/1/2007                   6/1/2037                    1023.69
351045848                                   PEARLAND                                   TX                77584       Primary                           PUD Detached                                  360                   359                        80                     6.7                 7/1/2007                   6/1/2037                    1471.23
351045869                                   FORT WORTH                                 TX                76107       Primary                           Single Family Detached                        360                   358                        80                   6.875                 6/1/2007                   5/1/2037                     998.53
351045879                                   PORTER                                     TX                77365       Primary                           PUD Detached                                  360                   359                        90                    8.85                 7/1/2007                   6/1/2037                    1643.28
351045970                                   ARLINGTON                                  TX                76012       Primary                           PUD Detached                                  360                   358                        80                     6.5                 6/1/2007                   5/1/2037                    1516.96
351045981                                   DRIPPING SPRINGS                           TX                78620       Primary                           PUD Detached                                  360                   358                        80                     7.7                 6/1/2007                   5/1/2037                    1197.77
351045985                                   MISSOURI CITY                              TX                77489       Primary                           PUD Detached                                  360                   359                     76.61                    10.1                 7/1/2007                   6/1/2037                    1044.04
351045987                                   HOUSTON                                    TX                77099       Primary                           PUD Detached                                  360                   358                        90                      10                 6/1/2007                   5/1/2037                     963.57
351046009                                   SAN BENITO                                 TX                78586       Primary                           Single Family Detached                        360                   358                        80                    8.75                 6/1/2007                   5/1/2037                    1598.58
351046048                                   MISSOURI CITY                              TX                77489       Primary                           PUD Detached                                  360                   359                        90                    9.85                 7/1/2007                   6/1/2037                     974.82
351046065                                   DETROIT                                    MI                48224       Primary                           Single Family Detached                        360                   359                        90                     9.7                 7/1/2007                   6/1/2037                     862.33
351046067                                   HOUSTON                                    TX                77004       Non-owner                         Single Family Detached                        360                   359                        90                    11.3                 7/1/2007                   6/1/2037                     964.43
351046082                                   SUGAR LAND                                 TX                77478       Primary                           PUD Detached                                  360                   359                        80                    8.55                 7/1/2007                   6/1/2037                    2620.18
351046088                                   SOUTHLAKE                                  TX                76092       Primary                           Single Family Detached                        360                   359                        90                  10.963                 7/1/2007                   6/1/2037                    1794.61
351046098                                   MISSOURI CITY                              TX                77489       Primary                           Single Family Detached                        360                   359                        90                   11.99                 7/1/2007                   6/1/2037                    1211.83
351046100                                   FRIENDSWOOD                                TX                77546       Primary                           Single Family Detached                        360                   359                        80                    9.85                 7/1/2007                   6/1/2037                    1733.01
351046112                                   HOUSTON                                    TX                77093       Primary                           Single Family Detached                        360                   359                        90                    10.8                 7/1/2007                   6/1/2037                     843.52
371046856                                   VERO BEACH                                 FL                32962       Primary                           Single Family Detached                        360                   359                     86.96                   11.49                 7/1/2007                   6/1/2037                     989.53
371048222                                   TAMPA                                      FL                33602       Primary                           Condo Low-Rise Attached                       360                   359                        85                    9.65                 7/1/2007                   6/1/2037                    2619.32
371048241                                   PENSACOLA                                  FL                32526       Primary                           Single Family Detached                        360                   359                     95.14                    10.8                 7/1/2007                   6/1/2037                      936.3
371048248                                   ESTERO                                     FL                33928       Primary                           Single Family Detached                        360                   358                     73.27                    7.15                 6/1/2007                   5/1/2037                    2268.82
371048353                                   TAMPA                                      FL                33614       Primary                           Single Family Detached                        360                   358                        65                    12.2                 6/1/2007                   5/1/2037                    1547.26
371048370                                   TAMPA                                      FL                33618       Primary                           Single Family Detached                        360                   359                     78.43                    9.27                 7/1/2007                   6/1/2037                    1648.25
371048415                                   ZELLWOOD                                   FL                32798       Primary                           Single Family Detached                        360                   359                        90                    10.2                 7/1/2007                   6/1/2037                    1285.04
371048653                                   ST PETERSBURG                              FL                33714       Non-owner                         Single Family Detached                        360                   359                        80                    9.85                 7/1/2007                   6/1/2037                    1109.13
371048664                                   MARION                                     IN                46952       Non-owner                         2-4 Units Attached                            360                   358                        90                    11.8                 6/1/2007                   5/1/2037                     637.43
371048692                                   LA CROSSE                                  VA                23950       Primary                           Single Family Detached                        360                   358                     78.42                    7.75                 6/1/2007                   5/1/2037                    1994.31
371048696                                   MIAMI                                      FL                33176       Second Home                       Single Family Detached                        360                   359                     67.44                   9.925                 7/1/2007                   6/1/2037                    1264.45
371048721                                   CICERO                                     IN                46034       Primary                           Single Family Detached                        360                   359                        90                   10.05                 7/1/2007                   6/1/2037                     912.11
371048745                                   ST PETERSBURG                              FL                33711       Primary                           Single Family Detached                        360                   358                        90                     8.2                 6/1/2007                   5/1/2037                     942.17
371048751                                   OCALA                                      FL                34472       Primary                           Single Family Detached                        180                   179                      67.5                   8.175                 7/1/2007                   6/1/2022                    1043.04
371048810                                   TRINITY                                    FL                34655       Primary                           PUD Detached                                  360                   359                        80                     7.5                 7/1/2007                   6/1/2037                    2237.49
371048817                                   TAMPA                                      FL                33605       Primary                           Single Family Detached                        360                   359                        90                    6.95                 7/1/2007                   6/1/2037                    1558.54
371048826                                   ORLANDO                                    FL                32826       Primary                           Single Family Detached                        360                   359                        80                    6.99                 7/1/2007                   6/1/2037                    1638.66
371048829                                   OCALA                                      FL                34471       Primary                           Single Family Detached                        360                   359                        60                     7.3                 7/1/2007                   6/1/2037                    1234.03
371048851                                   APOPKA                                     FL                32703       Primary                           Single Family Detached                        360                   358                     65.65                     7.2                 6/1/2007                   5/1/2037                     996.52
371048902                                   POMPANO BEACH                              FL                33064       Primary                           Single Family Detached                        360                   359                     69.09                    6.99                 7/1/2007                   6/1/2037                    1010.24
371048920                                   ATLANTA                                    IN                46031       Primary                           Single Family Detached                        360                   359                     66.23                    9.55                 7/1/2007                   6/1/2037                      844.5
371048958                                   VIRGINIA BEACH                             VA                23464       Primary                           Single Family Detached                        360                   359                     76.19                    8.57                 7/1/2007                   6/1/2037                    1654.07
371048980                                   LEESBURG                                   FL                34748       Primary                           Single Family Detached                        360                   359                     77.36                    7.75                 7/1/2007                   6/1/2037                     811.43
371049030                                   JACKSON TOWNSHIP                           NJ                08527       Primary                           Single Family Detached                        360                   358                        85                    9.15                 6/1/2007                   5/1/2037                    2761.78
371049046                                   TAMPA                                      FL                33604       Primary                           Single Family Detached                        360                   359                     57.29                    6.55                 7/1/2007                   6/1/2037                      698.9
371049049                                   HOLIDAY                                    FL                34691       Primary                           Single Family Detached                        360                   359                     69.44                     8.6                 7/1/2007                   6/1/2037                     776.01
371049052                                   OKLAHOMA CITY                              OK                73170       Non-owner                         Single Family Detached                        360                   358                        75                    9.85                 6/1/2007                   5/1/2037                     779.86
371049090                                   LEHIGH ACRES                               FL                33971       Primary                           2-4 Units Detached                            360                   359                     67.86                     9.8                 7/1/2007                   6/1/2037                    1639.37
371049190                                   TAMPA                                      FL                33616       Primary                           Single Family Detached                        360                   358                        60                    7.95                 6/1/2007                   5/1/2037                     920.16
371049191                                   HACKENSACK                                 NJ                07601       Primary                           Single Family Detached                        360                   359                     61.19                    8.67                 7/1/2007                   6/1/2037                    1601.04
371049192                                   ORLANDO                                    FL                32822       Primary                           Single Family Detached                        360                   359                     69.77                     7.7                 7/1/2007                   6/1/2037                    1069.44
371049209                                   BOCA RATON                                 FL                33428       Primary                           PUD Detached                                  360                   359                        90                    7.65                 7/1/2007                   6/1/2037                    2559.62
371049258                                   FORT MEADE                                 FL                33841       Second Home                       Single Family Detached                        360                   358                     70.85                    8.82                 6/1/2007                   5/1/2037                    1654.66
371049259                                   TAMPA                                      FL                33647       Primary                           PUD Detached                                  360                   359                        90                    8.75                 7/1/2007                   6/1/2037                    2226.92
371049271                                   BRADENTON                                  FL                34208       Primary                           Single Family Detached                        360                   358                        75                     9.1                 6/1/2007                   5/1/2037                    2045.05
371049298                                   TAMPA                                      FL                33615       Primary                           Single Family Detached                        360                   359                        80                     8.9                 7/1/2007                   6/1/2037                    1052.62
371049342                                   ORMOND BEACH                               FL                32176       Primary                           Single Family Detached                        360                   359                     55.26                    7.27                 7/1/2007                   6/1/2037                    1435.42
371049380                                   WINTER SPRINGS                             FL                32708       Primary                           Condo Low-Rise Attached                       360                   359                        70                   7.725                 7/1/2007                   6/1/2037                     750.42
371049383                                   TAMPA                                      FL                33605       Non-owner                         Single Family Detached                        360                   359                        90                   11.65                 7/1/2007                   6/1/2037                    1577.76
371049421                                   KISSIMMEE                                  FL                34743       Primary                           Single Family Detached                        360                   359                        70                    8.95                 7/1/2007                   6/1/2037                    1225.42
371049427                                   ORLANDO                                    FL                32818       Primary                           Single Family Detached                        360                   359                     70.24                   7.438                 7/1/2007                   6/1/2037                     941.03
371049435                                   CHARLOTTE                                  NC                28206       Non-owner                         Single Family Detached                        360                   359                        80                  10.775                 7/1/2007                   6/1/2037                    1309.51
371049449                                   OCALA                                      FL                34471       Primary                           Condo Low-Rise Attached                       360                   359                        90                    9.95                 7/1/2007                   6/1/2037                     747.17
371049466                                   CUTLER BAY                                 FL                33157       Primary                           Single Family Detached                        360                   359                        80                     8.3                 7/1/2007                   6/1/2037                    1952.74
371049492                                   FORT MYERS                                 FL                33905       Primary                           Single Family Detached                        360                   359                     69.23                    6.75                 7/1/2007                   6/1/2037                    1167.48
371049510                                   MIAMI                                      FL                33177       Primary                           Single Family Detached                        360                   359                     34.12                     6.9                 7/1/2007                   6/1/2037                     763.98
371049524                                   NAPLES                                     FL                34114       Primary                           Single Family Detached                        360                   359                     53.85                     6.7                 7/1/2007                   6/1/2037                     903.39
371049525                                   VALRICO                                    FL                33594       Primary                           PUD Detached                                  360                   359                        70                     7.2                 7/1/2007                   6/1/2037                       1050
371049528                                   TAMPA                                      FL                33610       Non-owner                         Single Family Detached                        360                   359                        80                    9.95                 7/1/2007                   6/1/2037                    1132.55
371049609                                   SPRINGVILLE                                AL                35146       Primary                           Single Family Detached                        360                   359                        90                   10.15                 7/1/2007                   6/1/2037                    2399.43
371049643                                   ORLANDO                                    FL                32808       Primary                           Single Family Detached                        360                   359                        80                     8.3                 7/1/2007                   6/1/2037                    1352.57
371049655                                   CANTONMENT                                 FL                32533       Primary                           Single Family Detached                        360                   359                        80                    8.65                 7/1/2007                   6/1/2037                     779.57
371049670                                   VERO BEACH                                 FL                32967       Primary                           Single Family Detached                        360                   359                        90                     7.5                 7/1/2007                   6/1/2037                    1243.75
371049697                                   HOBE SOUND                                 FL                33455       Primary                           PUD Detached                                  360                   359                        90                    8.25                 7/1/2007                   6/1/2037                    2730.13
371049733                                   SAINT CLOUD                                FL                34769       Primary                           2-4 Units Detached                            360                   359                        75                    6.99                 7/1/2007                   6/1/2037                    1420.65
371049747                                   LABELLE                                    FL                33935       Non-owner                         Single Family Detached                        360                   359                        70                    9.35                 7/1/2007                   6/1/2037                    2265.71
371049759                                   CAPE CORAL                                 FL                33909       Primary                           Single Family Detached                        360                   359                      52.5                     8.5                 7/1/2007                   6/1/2037                     807.36
371049766                                   TITUSVILLE                                 FL                32796       Primary                           Single Family Detached                        360                   359                        50                     7.7                 7/1/2007                   6/1/2037                    1069.44
371049798                                   HUDSON                                     FL                34669       Primary                           Single Family Detached                        360                   359                        90                   10.17                 7/1/2007                   6/1/2037                    2002.86
371049820                                   BONITA SPRINGS                             FL                34135       Non-owner                         Condo Low-Rise Attached                       360                   359                        80                   10.99                 7/1/2007                   6/1/2037                    1347.42
371049850                                   DUNEDIN                                    FL                34698       Primary                           PUD Detached                                  360                   359                        65                    8.65                 7/1/2007                   6/1/2037                    2837.63
371049883                                   JACKSONVILLE                               FL                32205       Non-owner                         Single Family Detached                        360                   359                        80                    8.55                 7/1/2007                   6/1/2037                    1143.24
371049916                                   KISSIMMEE                                  FL                34759       Non-owner                         PUD Detached                                  360                   359                        85                   11.99                 7/1/2007                   6/1/2037                    2577.32
371050058                                   MIAMI                                      FL                33186       Second Home                       PUD Attached                                  360                   359                        85                    9.99                 7/1/2007                   6/1/2037                    2384.98
371050079                                   RIVIERA BEACH                              FL                33404       Primary                           PUD Detached                                  360                   359                        90                    8.85                 7/1/2007                   6/1/2037                    2351.75
411004103                                   DENVER                                     CO                80211       Non-owner                         Single Family Detached                        360                   358                     74.55                    8.75                 6/1/2007                   5/1/2037                    1290.19
411004355                                   LAS VEGAS                                  NV                89183       Primary                           PUD Detached                                  360                   359                        80                    8.65                 7/1/2007                   6/1/2037                    1724.34
411004356                                   LOUISVILLE                                 KY                40229       Primary                           Single Family Detached                        360                   359                        90                   11.45                 7/1/2007                   6/1/2037                    1136.42
411004365                                   SPARTA                                     TN                38583       Non-owner                         Single Family Detached                        360                   358                        90                     9.2                 6/1/2007                   5/1/2037                     914.06
411004368                                   TUTTLE                                     OK                73089       Primary                           Single Family Detached                        360                   359                        75                     7.7                 7/1/2007                   6/1/2037                      911.7
411004372                                   HANAHAN                                    SC                29406       Primary                           Single Family Detached                        360                   359                        75                    9.39                 7/1/2007                   6/1/2037                    1155.57
411004412                                   JACKSONVILLE                               FL                32216       Primary                           Single Family Detached                        360                   359                        90                    8.55                 7/1/2007                   6/1/2037                    1095.99
411004465                                   WASHINGTON                                 DC                20011       Primary                           Single Family Attached                        360                   358                     77.27                     9.4                 6/1/2007                   5/1/2037                    2095.64
411004520                                   CANYON LAKE                                TX                78133       Primary                           Single Family Detached                        360                   359                        80                   10.35                 7/1/2007                   6/1/2037                     691.75
411004524                                   WALDO                                      FL                32694       Primary                           Single Family Detached                        360                   359                     68.81                    7.85                 7/1/2007                   6/1/2037                    1026.12
411004550                                   RANCHO CORDOVA                             CA                95670       Primary                           Single Family Detached                        360                   359                        65                    8.95                 7/1/2007                   6/1/2037                    1571.49
411004571                                   MARSHALL                                   TX                75672       Primary                           Single Family Detached                        360                   359                        80                       8                 7/1/2007                   6/1/2037                     868.78
411004589                                   WINDHAM                                    CT                06280       Primary                           Single Family Detached                        360                   359                        80                     9.3                 7/1/2007                   6/1/2037                    1449.23
411004593                                   ROYAL PALM BEACH                           FL                33411       Primary                           Single Family Detached                        360                   359                     62.81                     7.6                 7/1/2007                   6/1/2037                    1652.41
411004606                                   JACKSBORO                                  TN                37757       Primary                           Single Family Detached                        360                   359                        85                     8.9                 7/1/2007                   6/1/2037                    1033.55
411004616                                   MEMPHIS                                    TN                38128       Primary                           Single Family Detached                        360                   359                     89.01                   11.55                 7/1/2007                   6/1/2037                     805.23
411004617                                   KANSAS CITY                                KS                66109       Primary                           Single Family Detached                        360                   359                        90                    12.1                 7/1/2007                   6/1/2037                    1081.91
411004622                                   PEARL RIVER                                NY                10965       Primary                           Single Family Detached                        360                   359                     78.87                    9.45                 7/1/2007                   6/1/2037                    2344.18
411004627                                   PLAINFIELD                                 NJ                07060       Primary                           Single Family Detached                        360                   359                        75                     9.3                 7/1/2007                   6/1/2037                    1741.43
411004649                                   ISLIP                                      NY                11751       Primary                           Single Family Detached                        360                   359                     59.52                     8.8                 7/1/2007                   6/1/2037                       1512
411004661                                   WEST PALM BEACH                            FL                33407       Primary                           Single Family Detached                        360                   359                     67.17                    8.95                 7/1/2007                   6/1/2037                    1425.83
411004673                                   INDIANAPOLIS                               IN                46237       Primary                           Condo Low-Rise Attached                       360                   359                        80                  10.575                 7/1/2007                   6/1/2037                     517.33
411004680                                   REVA                                       VA                22735       Non-owner                         Single Family Detached                        360                   359                        85                   11.15                 7/1/2007                   6/1/2037                    1949.51
411004725                                   LONG BRANCH                                NJ                07740       Primary                           Single Family Detached                        360                   359                     41.94                    9.92                 7/1/2007                   6/1/2037                    1133.17
411004737                                   MIAMI                                      FL                33170       Primary                           Single Family Detached                        360                   359                     56.72                    7.95                 7/1/2007                   6/1/2037                    1201.31
411004784                                   BONNEY LAKE                                WA                98391       Primary                           PUD Detached                                  360                   359                     62.92                       7                 7/1/2007                   6/1/2037                    2490.99
421003855                                   HAMMONTON TWP                              NJ                08037       Primary                           Single Family Detached                        360                   359                     19.84                   9.725                 7/1/2007                   6/1/2037                     428.66
421004041                                   BATESVILLE                                 MS                38606       Primary                           Single Family Detached                        240                   239                     84.16                   10.95                 7/1/2007                   6/1/2027                     874.47
421004117                                   MARSHALL                                   TX                75672       Primary                           Single Family Detached                        360                   359                     74.91                    9.45                 7/1/2007                   6/1/2037                     837.21
421004136                                   LEESBURG                                   FL                34788       Primary                           Single Family Detached                        360                   359                        90                    10.4                 7/1/2007                   6/1/2037                    1306.47
421004144                                   GALLOWAY                                   NJ                08205       Primary                           Single Family Detached                        360                   358                     28.17                   10.25                 6/1/2007                   5/1/2037                     868.82
421004221                                   AMHERST                                    NH                03031       Primary                           Single Family Detached                        360                   358                        80                     9.5                 6/1/2007                   5/1/2037                    1836.43
421004229                                   PLYMOUTH                                   OH                44865       Primary                           Single Family Detached                        360                   359                     87.72                    11.7                 7/1/2007                   6/1/2037                     502.79
421004232                                   CHOCTAW                                    AR                72028       Primary                           Single Family Detached                        360                   359                     87.79                     9.9                 7/1/2007                   6/1/2037                    1313.99
421004235                                   GRISWOLD                                   IA                51535       Primary                           Single Family Detached                        360                   359                        65                    11.2                 7/1/2007                   6/1/2037                    1050.18
421004254                                   EASTON                                     PA                18040       Primary                           Single Family Detached                        360                   359                     67.69                    7.95                 7/1/2007                   6/1/2037                    1606.62
421004275                                   CASPER                                     WY                82609       Primary                           Single Family Detached                        360                   359                        70                     7.9                 7/1/2007                   6/1/2037                     814.02
421004280                                   AKRON                                      OH                44314       Primary                           Single Family Detached                        360                   359                     82.67                    11.6                 7/1/2007                   6/1/2037                     618.72
421004283                                   FT EDWARD                                  NY                12828       Primary                           Single Family Detached                        360                   359                        90                    11.7                 7/1/2007                   6/1/2037                     914.07
421004285                                   LOGANVILLE                                 GA                30052       Primary                           Single Family Detached                        360                   359                     71.43                      10                 7/1/2007                   6/1/2037                     877.57
421004287                                   LAKE SAINT LOUIS                           MO                63367       Primary                           Single Family Detached                        360                   359                        90                   10.85                 7/1/2007                   6/1/2037                    2117.26
511053591                                   WINSTON SALEM                              NC                27103       Primary                           Single Family Detached                        360                   358                     88.79                       9                 6/1/2007                   5/1/2037                     828.76
511058693                                   SIMI VALLEY                                CA                93063       Primary                           Single Family Detached                        360                   358                     58.82                    8.75                 6/1/2007                   5/1/2037                    2215.84
511059491                                   TUCSON                                     AZ                85750       Primary                           Single Family Attached                        360                   358                        75                     6.7                 6/1/2007                   5/1/2037                     976.78
511060021                                   RIALTO                                     CA                92376       Primary                           Single Family Detached                        360                   358                        85                    7.75                 6/1/2007                   5/1/2037                    2530.56
511060196                                   SANTA ROSA                                 CA                95409       Primary                           Single Family Detached                        360                   359                     51.67                    7.35                 7/1/2007                   6/1/2037                    1948.71
511060897                                   SAINT PAUL                                 MN                55107       Primary                           Single Family Detached                        360                   358                     79.02                   9.125                 6/1/2007                   5/1/2037                    1318.09
511061036                                   SANDY                                      OR                97055       Primary                           Single Family Detached                        360                   358                        85                     8.3                 6/1/2007                   5/1/2037                    1732.23
511061056                                   POMONA                                     CA                91766       Primary                           Single Family Detached                        360                   358                     87.21                    5.85                 6/1/2007                   5/1/2037                    1932.68
511061092                                   WEST PALM BEACH                            FL                33406       Primary                           Single Family Detached                        360                   358                        90                   10.25                 6/1/2007                   5/1/2037                     2668.4
511061140                                   BAKERSFIELD                                CA                93304       Primary                           Single Family Detached                        360                   358                        90                       8                 6/1/2007                   5/1/2037                    1772.91
511061190                                   MADERA                                     CA                93638       Primary                           Single Family Detached                        360                   358                      52.4                     7.2                 6/1/2007                   5/1/2037                    1113.02
511061219                                   MATTHEWS                                   NC                28105       Primary                           PUD Detached                                  360                   358                     64.11                    7.55                 6/1/2007                   5/1/2037                    1644.18
511061229                                   SANFORD                                    MI                48657       Primary                           Single Family Detached                        360                   358                     76.52                    11.4                 6/1/2007                   5/1/2037                     864.75
511061244                                   WASCO                                      CA                93280       Primary                           Single Family Detached                        360                   358                     84.17                     8.8                 6/1/2007                   5/1/2037                    1769.04
511061300                                   AREA OF BAKERSFIELD                        CA                93308       Primary                           Single Family Detached                        360                   358                        75                    8.35                 6/1/2007                   5/1/2037                    2673.92
511061305                                   LAMPE                                      MO                65681       Primary                           Single Family Detached                        360                   359                        90                   8.525                 7/1/2007                   6/1/2037                     972.98
511061319                                   PHELAN                                     CA                92392       Primary                           Single Family Detached                        360                   359                        90                     7.9                 7/1/2007                   6/1/2037                    1849.12
511061325                                   LOS ANGELES                                CA                90059       Primary                           Single Family Detached                        360                   358                        85                    7.55                 6/1/2007                   5/1/2037                    2614.31
511061326                                   TEQUESTA                                   FL                33469       Primary                           PUD Detached                                  360                   358                     40.76                     9.6                 6/1/2007                   5/1/2037                    3066.93
511061328                                   MENIFEE AREA                               CA                92585       Primary                           Single Family Detached                        360                   358                        90                     9.5                 6/1/2007                   5/1/2037                    2983.17
511061346                                   RANCHO CORDOVA                             CA                95670       Primary                           Single Family Detached                        360                   358                        85                     8.6                 6/1/2007                   5/1/2037                    2044.79
511061369                                   PORTLAND                                   OR                97266       Primary                           Condo Low-Rise Attached                       360                   359                        90                    9.25                 7/1/2007                   6/1/2037                     889.94
511061370                                   CARMICHAEL                                 CA                95608       Primary                           Single Family Detached                        360                   358                     83.92                     8.2                 6/1/2007                   5/1/2037                    2557.31
511061381                                   BEAVERTON                                  OR                97007       Non-owner                         Single Family Detached                        360                   358                        90                   10.05                 6/1/2007                   5/1/2037                    2379.43
511061389                                   YUCAIPA                                    CA                92399       Primary                           Single Family Detached                        360                   359                      78.1                     9.6                 7/1/2007                   6/1/2037                    1984.65
511061395                                   PALM HARBOR                                FL                34684       Primary                           Condo Low-Rise Attached                       360                   359                        90                     9.3                 7/1/2007                   6/1/2037                    1211.49
511061398                                   ORANGE                                     CA                92869       Primary                           Condo Low-Rise Attached                       360                   359                     70.99                     9.1                 7/1/2007                   6/1/2037                    1963.25
511061417                                   ORMOND BEACH                               FL                32174       Primary                           PUD Attached                                  360                   358                        85                    8.12                 6/1/2007                   5/1/2037                    1495.06
511061418                                   RIVERSIDE (UNINCORPORATED AREA)            CA                92203       Non-owner                         Single Family Attached                        360                   359                        90                     8.8                 7/1/2007                   6/1/2037                    2667.18
511061447                                   ANCHORAGE                                  AK                99502       Primary                           Single Family Detached                        360                   358                        85                     9.1                 6/1/2007                   5/1/2037                    1726.71
511061467                                   APPLE VALLEY                               CA                92307       Primary                           Single Family Detached                        360                   358                     52.97                    8.65                 6/1/2007                   5/1/2037                    1949.08
511061485                                   TOOELE                                     UT                84074       Primary                           Single Family Detached                        360                   358                        90                    7.85                 6/1/2007                   5/1/2037                    1328.69
511061495                                   LONG BEACH                                 CA                90815       Primary                           Single Family Detached                        360                   359                     51.79                    8.05                 7/1/2007                   6/1/2037                     2070.1
511061518                                   MANAHAWKIN                                 NJ                08050       Primary                           Single Family Detached                        360                   359                     81.69                     7.5                 7/1/2007                   6/1/2037                    2230.86
511061531                                   INDIO                                      CA                92203       Non-owner                         Single Family Detached                        360                   359                        90                     9.4                 7/1/2007                   6/1/2037                    2378.17
511061598                                   LAKE ELSINORE                              CA                92530       Primary                           Single Family Detached                        360                   358                     71.05                    9.55                 6/1/2007                   5/1/2037                    2167.39
511061620                                   MONTICELLO                                 FL                32344       Primary                           Single Family Detached                        360                   358                        80                   10.25                 6/1/2007                   5/1/2037                    1529.12
511061631                                   DESERT HOT SPRINGS                         CA                92240       Primary                           Single Family Detached                        360                   358                        90                      10                 6/1/2007                   5/1/2037                    2190.07
511061648                                   SEATTLE                                    WA                98146       Primary                           Single Family Detached                        360                   358                     74.95                    7.75                 6/1/2007                   5/1/2037                    1526.45
511061686                                   EDMONDS                                    WA                98020       Primary                           Single Family Detached                        360                   358                        75                    8.15                 6/1/2007                   5/1/2037                    2601.15
511061699                                   VAIL                                       CO                81657       Primary                           Condo Low-Rise Attached                       360                   358                        85                     7.9                 6/1/2007                   5/1/2037                    2104.72
511061708                                   ORANGE PARK                                FL                32073       Primary                           Single Family Detached                        360                   358                     87.91                    8.65                 6/1/2007                   5/1/2037                    1380.94
511061712                                   LADERA RANCH                               CA                92694       Primary                           Condo Low-Rise Attached                       360                   358                     49.06                    7.75                 6/1/2007                   5/1/2037                    1862.67
511061725                                   PHOENIX                                    AZ                85015       Primary                           Single Family Detached                        360                   358                        80                     7.5                 6/1/2007                   5/1/2037                     1357.3
511061730                                   HAYSVILLE                                  KS                67060       Primary                           Single Family Detached                        360                   358                        85                    11.2                 6/1/2007                   5/1/2037                     624.98
511061748                                   CHANDLER                                   AZ                85224       Primary                           Single Family Detached                        360                   358                        80                    8.45                 6/1/2007                   5/1/2037                    1283.56
511061758                                   COMPTON                                    CA                90221       Primary                           2-4 Units Detached                            360                   358                     83.37                    8.35                 6/1/2007                   5/1/2037                    3064.24
511061760                                   TACOMA                                     WA                98446       Primary                           Single Family Detached                        360                   358                        90                    8.75                 6/1/2007                   5/1/2037                    2093.97
511061771                                   NORTH MIAMI                                FL                33168       Primary                           Single Family Detached                        360                   359                     69.68                     9.4                 7/1/2007                   6/1/2037                    1207.45
511061778                                   CORONA                                     CA                92879       Primary                           Single Family Detached                        360                   359                     64.94                     7.8                 7/1/2007                   6/1/2037                    1789.31
511061783                                   TEHACHAPI                                  CA                93561       Primary                           Single Family Detached                        360                   358                     77.58                    8.25                 6/1/2007                   5/1/2037                    1789.33
511061796                                   BAKERSFIELD                                CA                93306       Primary                           Single Family Detached                        360                   358                     68.93                    7.95                 6/1/2007                   5/1/2037                    1296.68
511061806                                   BROUSSARD                                  LA                70518       Primary                           Single Family Detached                        360                   358                        90                     8.7                 6/1/2007                   5/1/2037                    2220.18
511061824                                   HIALEAH                                    FL                33015       Primary                           Single Family Attached                        360                   358                        70                    8.47                 6/1/2007                   5/1/2037                    1663.93
511061829                                   SARASOTA                                   FL                34231       Second Home                       Single Family Detached                        360                   359                        80                    7.35                 7/1/2007                   6/1/2037                    1350.39
511061837                                   RIALTO                                     CA                92376       Primary                           Single Family Detached                        360                   358                        80                    8.75                 6/1/2007                   5/1/2037                    2707.81
511061848                                   BAKERSFIELD                                CA                93312       Primary                           Single Family Detached                        360                   358                     62.83                     9.7                 6/1/2007                   5/1/2037                    1981.56
511061858                                   PITTSGROVE                                 NJ                08318       Primary                           Single Family Detached                        360                   358                        60                     8.7                 6/1/2007                   5/1/2037                       1218
511061889                                   STOCKTON                                   CA                95206       Primary                           Single Family Detached                        360                   358                     87.38                    7.95                 6/1/2007                   5/1/2037                    2417.01
511061905                                   INGLEWOOD                                  CA                90303       Primary                           Single Family Detached                        360                   358                     57.24                   6.975                 6/1/2007                   5/1/2037                    2057.08
511061936                                   GILLETTE                                   WY                82716       Primary                           Single Family Detached                        360                   358                        90                    9.55                 6/1/2007                   5/1/2037                    2270.93
511061973                                   EVERGREEN                                  CO                80439       Primary                           Single Family Detached                        360                   358                        90                     8.9                 6/1/2007                   5/1/2037                    2153.08
511061987                                   LAWNDALE                                   CA                90260       Non-owner                         Single Family Detached                        360                   359                        70                    8.55                 7/1/2007                   6/1/2037                    2433.25
511061988                                   SOUTHPORT                                  FL                32409       Primary                           Single Family Detached                        360                   358                        60                     7.8                 6/1/2007                   5/1/2037                    1274.17
511061990                                   SALINA                                     UT                84654       Primary                           Single Family Detached                        360                   358                        90                    10.2                 6/1/2007                   5/1/2037                    1650.19
511061995                                   EAU CLAIRE                                 MI                49111       Primary                           Single Family Detached                        360                   359                        90                    9.65                 7/1/2007                   6/1/2037                     924.47
511061998                                   LAWNDALE                                   CA                90260       Non-owner                         2-4 Units Detached                            360                   359                        70                     8.6                 7/1/2007                   6/1/2037                       4214
511062001                                   LOS ANGELES                                CA                90049       Primary                           Condo High-Rise Attached                      360                   358                      49.1                     7.6                 6/1/2007                   5/1/2037                    2656.82
511062015                                   PERRIS                                     CA                92571       Primary                           Single Family Detached                        360                   358                        90                     8.2                 6/1/2007                   5/1/2037                    2126.74
511062026                                   GREENSBORO                                 NC                27455       Primary                           PUD Detached                                  360                   358                        90                    9.75                 6/1/2007                   5/1/2037                    2911.75
511062049                                   FUQUAY VARINA                              NC                27526       Primary                           Single Family Detached                        360                   358                        90                     8.6                 6/1/2007                   5/1/2037                    2130.15
511062059                                   APPLE VALLEY                               CA                92308       Primary                           Single Family Detached                        360                   358                        80                     6.4                 6/1/2007                   5/1/2037                    2046.81
511062068                                   PAYSON                                     AZ                85541       Primary                           Single Family Detached                        360                   359                     96.27                     8.9                 7/1/2007                   6/1/2037                    1307.88
511062073                                   BUCKLEY                                    WA                98321       Primary                           Single Family Detached                        360                   358                        90                    9.35                 6/1/2007                   5/1/2037                    2719.78
511062074                                   ANAHEIM                                    CA                92807       Primary                           PUD Attached                                  360                   358                      63.5                     6.9                 6/1/2007                   5/1/2037                    2468.73
511062085                                   WINNSBORO                                  LA                71295       Primary                           Single Family Detached                        360                   359                        90                    9.95                 7/1/2007                   6/1/2037                     865.14
511062088                                   RANCHO CUCAMONGA                           CA                91701       Primary                           Single Family Detached                        360                   358                     69.35                    7.75                 6/1/2007                   5/1/2037                    2104.43
511062121                                   SPRINGFIELD                                OR                97478       Primary                           Single Family Detached                        360                   358                        75                     7.3                 6/1/2007                   5/1/2037                    1413.74
511062124                                   OCALA                                      FL                34471       Primary                           Single Family Detached                        360                   358                        75                     7.7                 6/1/2007                   5/1/2037                    1082.06
511062137                                   CLINTON                                    MS                39056       Primary                           PUD Detached                                  360                   359                     74.29                    7.85                 7/1/2007                   6/1/2037                    1778.61
511062139                                   OCALA                                      FL                34481       Primary                           Single Family Detached                        360                   359                        85                   11.15                 7/1/2007                   6/1/2037                     597.96
511062167                                   PLEASANT GROVE                             UT                84062       Primary                           Single Family Detached                        360                   359                        90                    7.35                 7/1/2007                   6/1/2037                    1697.26
511062186                                   ARLINGTON                                  VA                22204       Primary                           Condo Low-Rise Attached                       360                   359                     64.72                   7.425                 7/1/2007                   6/1/2037                    1922.63
511062196                                   MARTINEZ                                   CA                94553       Primary                           Single Family Detached                        360                   358                     66.94                    6.95                 6/1/2007                   5/1/2037                    2481.14
511062208                                   GARDEN CITY                                MI                48135       Primary                           Single Family Detached                        180                   178                        90                   9.075                 6/1/2007                   5/1/2022                    2200.46
511062211                                   TEHACHAPI                                  CA                93561       Primary                           Single Family Detached                        360                   359                        80                    6.75                 7/1/2007                   6/1/2037                    1842.02
511062213                                   WOODBURN                                   OR                97071       Primary                           Single Family Detached                        360                   359                        70                     7.8                 7/1/2007                   6/1/2037                     909.62
511062216                                   MILLVILLE                                  MN                55957       Primary                           Single Family Detached                        360                   358                        85                   8.375                 6/1/2007                   5/1/2037                     990.25
511062218                                   NAVARRE                                    FL                32566       Primary                           Single Family Detached                        360                   358                     79.59                   9.025                 6/1/2007                   5/1/2037                    1507.91
511062235                                   ARLINGTON                                  WA                98223       Primary                           Single Family Detached                        360                   358                     79.48                    7.75                 6/1/2007                   5/1/2037                    1779.51
511062241                                   KLAMATH FALLS                              OR                97603       Primary                           Single Family Detached                        360                   359                     79.46                     8.5                 7/1/2007                   6/1/2037                     1730.1
511062242                                   BLYTHE                                     CA                92225       Primary                           Single Family Detached                        360                   358                        80                     8.4                 6/1/2007                   5/1/2037                    1712.17
511062254                                   MCCALL                                     ID                83638       Primary                           Single Family Detached                        360                   358                        80                     8.6                 6/1/2007                   5/1/2037                    2180.04
511062283                                   TOLLAND                                    CT                06084       Primary                           Single Family Detached                        360                   359                        70                    8.75                 7/1/2007                   6/1/2037                    2819.53
511062316                                   LOS ANGELES                                CA                90001       Primary                           Single Family Detached                        360                   358                        80                     7.9                 6/1/2007                   5/1/2037                    2372.29
511062347                                   LITHONIA                                   GA                30038       Primary                           Single Family Detached                        360                   358                        90                   9.925                 6/1/2007                   5/1/2037                    1237.05
511062349                                   JACKSONVILLE                               FL                32217       Primary                           Single Family Detached                        360                   359                        80                   10.95                 7/1/2007                   6/1/2037                    1334.33
511062377                                   WHITTIER                                   CA                90605       Primary                           Single Family Detached                        360                   359                     78.83                    7.05                 7/1/2007                   6/1/2037                    2458.41
511062386                                   LOS ANGELES                                CA                90045       Primary                           Condo Low-Rise Attached                       360                   359                        80                     9.7                 7/1/2007                   6/1/2037                    3302.61
511062398                                   NEWNAN                                     GA                30265       Primary                           Single Family Detached                        360                   358                        90                   8.125                 6/1/2007                   5/1/2037                     868.27
511062419                                   NEW PORT RICHEY                            FL                34655       Primary                           Single Family Detached                        360                   359                     69.81                    9.85                 7/1/2007                   6/1/2037                    1529.88
511062427                                   NEW HAVEN                                  CT                06512       Primary                           Single Family Detached                        360                   358                     71.24                    7.99                 6/1/2007                   5/1/2037                    1216.89
511062438                                   MIAMI                                      FL                33169       Primary                           Single Family Detached                        360                   358                        85                    9.25                 6/1/2007                   5/1/2037                    2555.31
511062440                                   VICTORVILLE                                CA                92392       Primary                           Single Family Detached                        360                   358                     89.91                    7.95                 6/1/2007                   5/1/2037                    2066.91
511062452                                   MURRIETA                                   CA                92562       Primary                           Single Family Detached                        360                   359                     51.77                       7                 7/1/2007                   6/1/2037                    2268.22
511062479                                   EL CAJON                                   CA                92020       Primary                           Single Family Detached                        360                   358                        85                    6.95                 6/1/2007                   5/1/2037                    1969.17
511062490                                   PALMDALE                                   CA                93552       Primary                           Single Family Detached                        360                   359                        80                    6.55                 7/1/2007                   6/1/2037                    1696.38
511062493                                   CRYSTAL RIVER                              FL                34429       Primary                           Single Family Detached                        360                   358                        80                   8.075                 6/1/2007                   5/1/2037                     945.92
511062519                                   CONCORD                                    CA                94520       Primary                           Single Family Detached                        360                   359                     59.16                     7.4                 7/1/2007                   6/1/2037                    1777.28
511062530                                   VICTORVILLE                                CA                92394       Primary                           Single Family Detached                        360                   358                        80                     7.8                 6/1/2007                   5/1/2037                    2176.62
511062536                                   EL MONTE                                   CA                91732       Primary                           Single Family Detached                        360                   358                        85                    6.85                 6/1/2007                   5/1/2037                    2433.24
511062541                                   MORENO VALLEY                              CA                92553       Primary                           Single Family Detached                        360                   358                     69.34                     6.4                 6/1/2007                   5/1/2037                    1585.17
511062543                                   RIALTO                                     CA                92376       Primary                           PUD Detached                                  360                   358                        85                     7.9                 6/1/2007                   5/1/2037                    1769.22
511062564                                   SACRAMENTO                                 CA                95829       Primary                           Single Family Detached                        360                   358                        80                    7.75                 6/1/2007                   5/1/2037                    2760.61
511062583                                   BEAUMONT                                   CA                92223       Primary                           Single Family Detached                        360                   358                        90                    9.85                 6/1/2007                   5/1/2037                     2232.8
511062586                                   MANASSAS                                   VA                20110       Primary                           Single Family Detached                        360                   359                        90                     8.2                 7/1/2007                   6/1/2037                     2439.5
511062589                                   DACULA                                     GA                30019       Second Home                       Single Family Detached                        360                   359                        85                   9.275                 7/1/2007                   6/1/2037                    1765.11
511062619                                   MARYSVILLE                                 CA                95901       Primary                           Single Family Detached                        360                   359                        75                     8.9                 7/1/2007                   6/1/2037                    1773.24
511062635                                   CHINO                                      CA                91710       Primary                           PUD Detached                                  360                   358                        70                   8.375                 6/1/2007                   5/1/2037                    2979.48
511062644                                   SANTA MARIA                                CA                93454       Primary                           Single Family Detached                        360                   358                     76.94                     6.4                 6/1/2007                   5/1/2037                     1891.2
511062670                                   WEST COVINA                                CA                91791       Primary                           Single Family Detached                        360                   359                     77.36                     7.2                 7/1/2007                   6/1/2037                       2460
511062679                                   AUBURN                                     WA                98002       Primary                           Single Family Detached                        360                   358                     63.46                    7.25                 6/1/2007                   5/1/2037                    2110.92
511062737                                   BLOOMINGTON AREA                           CA                92316       Primary                           Single Family Detached                        360                   359                      69.7                     7.3                 7/1/2007                   6/1/2037                    1436.93
511062745                                   GREENTOWN                                  IN                46936       Primary                           Single Family Detached                        360                   359                        90                   9.975                 7/1/2007                   6/1/2037                    1243.06
511062755                                   SAN DIEGO                                  CA                92115       Primary                           Single Family Detached                        360                   359                     60.34                    8.15                 7/1/2007                   6/1/2037                    2418.75
511062768                                   PALMDALE                                   CA                93550       Primary                           Single Family Detached                        360                   359                        80                    8.75                 7/1/2007                   6/1/2037                    2142.18
511062777                                   ALTADENA                                   CA                91001       Non-owner                         Single Family Detached                        360                   358                        75                     6.8                 6/1/2007                   5/1/2037                     2591.4
511062841                                   PERRIS                                     CA                92571       Primary                           Single Family Detached                        360                   359                        85                     8.1                 7/1/2007                   6/1/2037                    2102.63
511062876                                   LOS ANGELES                                CA                90037       Primary                           Single Family Detached                        360                   359                     70.93                     6.4                 7/1/2007                   6/1/2037                    1626.66
511062898                                   RICHMOND                                   VA                23235       Primary                           Single Family Detached                        360                   359                     89.93                       9                 7/1/2007                   6/1/2037                    2083.97
511062910                                   COLD SPRINGS                               NV                89506       Primary                           Single Family Detached                        360                   359                     84.94                   6.769                 7/1/2007                   6/1/2037                    1722.13
511062919                                   VALRICO                                    FL                33594       Primary                           PUD Detached                                  360                   359                        70                    7.85                 7/1/2007                   6/1/2037                    1915.42
511062936                                   COCOA                                      FL                32926       Primary                           Single Family Detached                        360                   359                        75                    9.75                 7/1/2007                   6/1/2037                    1617.64
511062938                                   DENVER                                     CO                80222       Primary                           PUD Attached                                  360                   359                        90                     8.9                 7/1/2007                   6/1/2037                    2040.07
511062983                                   HOLLYWOOD                                  FL                33023       Primary                           Single Family Detached                        360                   359                        85                   10.05                 7/1/2007                   6/1/2037                     2581.4
511062999                                   PLYMOUTH                                   MN                55442       Primary                           Single Family Detached                        360                   359                     59.22                    7.35                 7/1/2007                   6/1/2037                    1260.82
511063022                                   FONTANA                                    CA                92336       Primary                           Single Family Detached                        360                   359                        80                    8.75                 7/1/2007                   6/1/2037                    2570.37
511063024                                   LANCASTER                                  CA                93535       Primary                           Single Family Detached                        360                   359                        90                     8.9                 7/1/2007                   6/1/2037                    2508.66
511063047                                   SANTA CLARITA                              CA                91387       Primary                           Condo Low-Rise Attached                       360                   359                        75                    8.95                 7/1/2007                   6/1/2037                    2631.57
511063060                                   PERRIS                                     CA                92570       Primary                           Single Family Detached                        360                   359                     77.81                    6.25                 7/1/2007                   6/1/2037                    1585.92
511063076                                   LOS ANGELES                                CA                90003       Primary                           Single Family Detached                        360                   359                     73.14                     9.1                 7/1/2007                   6/1/2037                    2142.44
511063088                                   MIRA LOMA                                  CA                91752       Primary                           Single Family Detached                        360                   359                     64.36                    6.45                 7/1/2007                   6/1/2037                    1982.13
511063103                                   SAN BERNARDINO                             CA                92404       Primary                           Single Family Detached                        360                   359                        90                    5.65                 7/1/2007                   6/1/2037                    1532.23
511063107                                   OCEANSIDE                                  CA                92054       Primary                           Condo Low-Rise Attached                       360                   359                     71.04                     6.4                 7/1/2007                   6/1/2037                    1626.32
511063121                                   TAMPA                                      FL                33617       Primary                           Single Family Detached                        360                   359                        80                    9.55                 7/1/2007                   6/1/2037                    1315.35
511063132                                   CHICAGO                                    IL                60651       Primary                           2-4 Units Detached                            360                   359                     45.08                   9.575                 7/1/2007                   6/1/2037                    1396.45
511063192                                   AVONDALE                                   AZ                85323       Primary                           PUD Detached                                  360                   359                        90                    8.05                 7/1/2007                   6/1/2037                    1824.56
511063196                                   CHULA VISTA                                CA                91911       Primary                           Single Family Detached                        360                   359                        85                    7.95                 7/1/2007                   6/1/2037                    2618.53
511063247                                   TALLAHASSEE                                FL                32312       Primary                           Single Family Detached                        360                   359                        85                    7.05                 7/1/2007                   6/1/2037                     978.78
511063254                                   CLERMONT                                   FL                34711       Primary                           PUD Detached                                  360                   359                        85                    6.75                 7/1/2007                   6/1/2037                    1075.78
511063284                                   ALTON                                      IL                62002       Non-owner                         Single Family Detached                        360                   359                        90                    12.3                 7/1/2007                   6/1/2037                     695.74
511063289                                   HEMET                                      CA                92545       Primary                           Single Family Detached                        360                   359                        90                    8.75                 7/1/2007                   6/1/2037                    2315.18
511063292                                   LANCASTER                                  CA                93535       Primary                           Single Family Detached                        360                   359                        85                    9.45                 7/1/2007                   6/1/2037                    2701.92
511063360                                   LA MIRADA                                  CA                90638       Primary                           Single Family Detached                        360                   359                     61.66                     6.1                 7/1/2007                   6/1/2037                    2061.56
511063377                                   SAINT PETERSBURG                           FL                33705       Primary                           Single Family Detached                        360                   359                     77.78                    8.35                 7/1/2007                   6/1/2037                    1327.04
521053052                                   INKSTER                                    MI                48141       Primary                           Single Family Detached                        360                   359                        90                    10.9                 7/1/2007                   6/1/2037                    1045.87
521053537                                   CHICAGO                                    IL                60619       Primary                           Single Family Detached                        360                   358                        75                     8.9                 6/1/2007                   5/1/2037                    1447.35
521054061                                   SAUK VILLAGE                               IL                60411       Primary                           Single Family Detached                        360                   359                     71.48                   10.15                 7/1/2007                   6/1/2037                     888.68
521056472                                   CHICAGO                                    IL                60617       Primary                           2-4 Units Detached                            360                   357                     60.07                   6.475                 5/1/2007                   4/1/2037                     992.24
521056534                                   CHICAGO                                    IL                60651       Primary                           2-4 Units Detached                            360                   358                     74.59                    9.05                 6/1/2007                   5/1/2037                    1838.71
521056665                                   MARCELLUS                                  MI                49067       Primary                           Single Family Detached                        360                   359                        85                     8.8                 7/1/2007                   6/1/2037                    1426.57
521056917                                   CHICAGO                                    IL                60643       Primary                           Single Family Detached                        360                   359                        85                  10.575                 7/1/2007                   6/1/2037                    1444.63
521056946                                   DYER                                       IN                46311       Primary                           Single Family Detached                        360                   358                      88.1                  11.325                 6/1/2007                   5/1/2037                     903.69
521057166                                   SOUTH BOARDMAN                             MI                49680       Primary                           Single Family Detached                        360                   359                        80                     9.5                 7/1/2007                   6/1/2037                     672.68
521057276                                   CHICAGO HEIGHTS                            IL                60411       Non-owner                         Single Family Detached                        360                   359                        90                   9.775                 7/1/2007                   6/1/2037                    1162.34
521057382                                   HARTFORD                                   MI                49057       Primary                           Single Family Detached                        360                   359                        48                     8.2                 7/1/2007                   6/1/2037                     987.04
521057385                                   HEREFORD                                   TX                79045       Primary                           Single Family Detached                        360                   359                        80                    10.6                 7/1/2007                   6/1/2037                     715.65
521057412                                   ALLENTON                                   MI                48002       Primary                           Single Family Detached                        360                   358                     57.11                    8.49                 6/1/2007                   5/1/2037                      833.5
521057549                                   CHICAGO                                    IL                60637       Non-owner                         Single Family Detached                        360                   359                        80                    9.99                 7/1/2007                   6/1/2037                    1221.64
521057579                                   LITTLE ROCK                                AR                72206       Primary                           Single Family Detached                        360                   359                        90                   9.425                 7/1/2007                   6/1/2037                    1085.71
521057586                                   DETROIT                                    MI                48205       Non-owner                         Single Family Detached                        360                   359                        75                  11.975                 7/1/2007                   6/1/2037                     539.01
521057617                                   AURORA                                     IL                60504       Primary                           Single Family Attached                        360                   359                        90                   8.625                 7/1/2007                   6/1/2037                    1203.04
521057618                                   AURORA                                     IL                60505       Non-owner                         Single Family Detached                        360                   359                        90                   9.475                 7/1/2007                   6/1/2037                    1359.23
521057640                                   ROYAL OAK                                  MI                48073       Primary                           Single Family Detached                        360                   359                        85                   10.65                 7/1/2007                   6/1/2037                    1062.55
521057648                                   OAK HARBOR                                 WA                98277       Primary                           Single Family Detached                        360                   359                     78.72                     8.1                 7/1/2007                   6/1/2037                    2157.68
521057714                                   REDFORD                                    MI                48240       Primary                           Single Family Detached                        360                   359                        90                   11.75                 7/1/2007                   6/1/2037                     554.17
521057779                                   CHICAGO                                    IL                60617       Primary                           Single Family Detached                        360                   359                        90                   9.375                 7/1/2007                   6/1/2037                    1399.83
521057806                                   WESTLAND                                   MI                48186       Primary                           Single Family Detached                        360                   358                        66                   10.05                 6/1/2007                   5/1/2037                     884.09
521057811                                   COMSTOCK PARK                              MI                49321       Primary                           Single Family Detached                        360                   359                        90                    9.05                 7/1/2007                   6/1/2037                     1454.8
521057819                                   PIKEVILLE                                  TN                37367       Primary                           Single Family Detached                        360                   359                     65.79                    8.75                 7/1/2007                   6/1/2037                    1180.05
521057821                                   EVERGREEN                                  CO                80439       Primary                           Single Family Detached                        360                   359                     78.53                   9.375                 7/1/2007                   6/1/2037                    2312.26
521057825                                   PAW PAW                                    MI                49079       Primary                           Single Family Detached                        360                   358                        75                    11.8                 6/1/2007                   5/1/2037                     1101.9
521057827                                   CEDAR SPRINGS                              MI                49319       Primary                           Single Family Detached                        360                   358                        90                    9.95                 6/1/2007                   5/1/2037                     943.79
521057838                                   MESICK                                     MI                49668       Primary                           Single Family Detached                        360                   359                        90                    10.5                 7/1/2007                   6/1/2037                    1070.24
521057846                                   BRIDGEVIEW                                 IL                60455       Primary                           Single Family Attached                        360                   359                        90                    9.45                 7/1/2007                   6/1/2037                    2185.11
521057852                                   AMERICAN FORK                              UT                84003       Primary                           Single Family Detached                        360                   358                     75.93                     7.7                 6/1/2007                   5/1/2037                    1461.57
521057868                                   COUNTRY CLUB HILLS                         IL                60478       Primary                           Single Family Detached                        360                   358                        80                    10.5                 6/1/2007                   5/1/2037                    2392.96
521057870                                   LANSING                                    MI                48917       Primary                           Single Family Detached                        360                   358                        65                    11.8                 6/1/2007                   5/1/2037                     981.33
521057871                                   ALDAN                                      PA                19018       Primary                           Single Family Detached                        360                   359                        70                     7.8                 7/1/2007                   6/1/2037                    1058.21
521057895                                   CHICAGO                                    IL                60638       Primary                           Single Family Detached                        360                   358                     89.72                     9.8                 6/1/2007                   5/1/2037                    2446.12
521057899                                   LINCOLN PARK                               MI                48146       Non-owner                         Single Family Detached                        360                   359                        85                   12.15                 7/1/2007                   6/1/2037                     698.48
521057906                                   SHELBYVILLE                                MI                49344       Primary                           Single Family Detached                        360                   359                        90                    8.65                 7/1/2007                   6/1/2037                       2175
521057948                                   MIDDLE RIVER                               MD                21220       Primary                           Single Family Detached                        360                   358                        90                    8.67                 6/1/2007                   5/1/2037                    1654.14
521057949                                   IONIA                                      MI                48846       Primary                           Single Family Detached                        360                   358                        85                     9.3                 6/1/2007                   5/1/2037                    1809.41
521057958                                   HELENVILLE                                 WI                53137       Primary                           Single Family Detached                        360                   359                        90                    9.95                 7/1/2007                   6/1/2037                    1738.15
521057976                                   CLEVELAND                                  OH                44104       Non-owner                         Single Family Detached                        360                   359                     80.75                   11.25                 7/1/2007                   6/1/2037                     784.29
521057985                                   GLEN ELLYN                                 IL                60137       Primary                           Condo High-Rise Attached                      360                   358                     27.78                   9.675                 6/1/2007                   5/1/2037                     617.77
521057995                                   SUFFOLK                                    VA                23435       Primary                           Single Family Detached                        360                   359                        90                     9.7                 7/1/2007                   6/1/2037                    1503.38
521058026                                   RICHMOND                                   IL                60071       Primary                           Single Family Detached                        360                   358                        90                   9.275                 6/1/2007                   5/1/2037                       1070
521058032                                   SEBASTOPOL                                 CA                95472       Non-owner                         2-4 Units Detached                            360                   359                     13.62                   10.95                 7/1/2007                   6/1/2037                    1071.98
521058088                                   OSCODA                                     MI                48750       Second Home                       Single Family Detached                        360                   358                        65                    11.5                 6/1/2007                   5/1/2037                    1403.24
521058091                                   HILLSDALE                                  MI                49242       Primary                           Single Family Detached                        360                   358                     79.17                     9.5                 6/1/2007                   5/1/2037                     639.07
521058099                                   FOLEY                                      AL                36535       Non-owner                         Single Family Detached                        360                   359                        90                     8.8                 7/1/2007                   6/1/2037                    1422.49
521058101                                   FOLEY                                      AL                36535       Non-owner                         Single Family Detached                        360                   359                        90                   8.925                 7/1/2007                   6/1/2037                    1330.72
521058102                                   DAPHNE                                     AL                36526       Non-owner                         Single Family Detached                        360                   359                        90                   8.925                 7/1/2007                   6/1/2037                    1366.69
521058103                                   FOLEY                                      AL                36535       Non-owner                         Single Family Detached                        360                   359                        90                   9.975                 7/1/2007                   6/1/2037                    1497.49
521058148                                   LANSING                                    MI                48933       Non-owner                         2-4 Units Attached                            360                   359                        85                      12                 7/1/2007                   6/1/2037                     918.04
521058152                                   LOWELL                                     IN                46356       Primary                           Single Family Detached                        360                   359                        85                    10.7                 7/1/2007                   6/1/2037                     947.53
521058177                                   CHATTANOOGA                                TN                37416       Primary                           Single Family Detached                        360                   358                        85                   9.925                 6/1/2007                   5/1/2037                    1097.02
521058209                                   CHARLOTTESVILLE                            VA                22903       Primary                           Single Family Detached                        360                   359                        60                    9.55                 7/1/2007                   6/1/2037                    1175.55
521058283                                   CHICAGO                                    IL                60636       Primary                           Single Family Detached                        360                   359                        90                   9.425                 7/1/2007                   6/1/2037                     902.22
521058292                                   WILMINGTON                                 IL                60481       Primary                           Single Family Detached                        360                   358                     60.61                     9.5                 6/1/2007                   5/1/2037                    1681.71
521058296                                   KANSAS CITY                                MO                64132       Primary                           Single Family Detached                        360                   359                        80                    11.5                 7/1/2007                   6/1/2037                     633.79
521058324                                   DETROIT                                    MI                48214       Non-owner                         Single Family Detached                        360                   359                        85                    11.8                 7/1/2007                   6/1/2037                     732.07
521058331                                   BANGOR                                     MI                49013       Non-owner                         Single Family Detached                        240                   239                        85                   11.99                 7/1/2007                   6/1/2027                     569.62
521058340                                   CHICAGO HEIGHTS                            IL                60411       Primary                           Single Family Detached                        360                   359                        90                     9.5                 7/1/2007                   6/1/2037                     968.66
521058353                                   KANSAS CITY                                MO                64124       Non-owner                         Single Family Detached                        360                   359                        80                   11.65                 7/1/2007                   6/1/2037                     889.56
521058366                                   HOBART                                     IN                46342       Primary                           Single Family Detached                        360                   359                        90                    11.9                 7/1/2007                   6/1/2037                    1075.03
521058384                                   CHICAGO                                    IL                60643       Primary                           Single Family Detached                        360                   358                        85                   8.725                 6/1/2007                   5/1/2037                    1147.89
521058392                                   BENTON HARBOR                              MI                49022       Non-owner                         Single Family Detached                        360                   359                        80                   11.95                 7/1/2007                   6/1/2037                     580.43
521058395                                   LEROY                                      MI                49655       Primary                           Single Family Detached                        360                   358                        70                    9.55                 6/1/2007                   5/1/2037                      975.4
521058398                                   ROCKVILLE                                  IN                47872       Primary                           Single Family Detached                        360                   359                        85                    11.2                 7/1/2007                   6/1/2037                    1151.28
521058399                                   CHICAGO HEIGHTS                            IL                60411       Primary                           Single Family Detached                        360                   359                        80                      10                 7/1/2007                   6/1/2037                     877.57
521058404                                   BARTONVILLE                                IL                61607       Primary                           Single Family Detached                        360                   359                        90                     9.6                 7/1/2007                   6/1/2037                     748.08
521058435                                   MCHENRY                                    IL                60050       Primary                           Single Family Detached                        360                   359                        80                   8.925                 7/1/2007                   6/1/2037                    1265.98
521058446                                   BERKELEY                                   IL                60163       Primary                           Single Family Detached                        360                   359                        65                    6.99                 7/1/2007                   6/1/2037                     993.62
521058450                                   BOLINGBROOK                                IL                60440       Primary                           Single Family Detached                        360                   359                     89.02                    10.6                 7/1/2007                   6/1/2037                    2035.04
521058486                                   POTEET                                     TX                78065       Primary                           Single Family Detached                        360                   359                     47.14                   8.125                 7/1/2007                   6/1/2037                    1137.02
521058498                                   MAYWOOD                                    IL                60153       Non-owner                         Single Family Detached                        360                   359                        90                     9.6                 7/1/2007                   6/1/2037                    1908.36
521058503                                   PLEASANT LAKE                              MI                49272       Primary                           Single Family Detached                        360                   359                        90                   10.75                 7/1/2007                   6/1/2037                    1646.66
521058527                                   CHICAGO                                    IL                60622       Non-owner                         2-4 Units Attached                            360                   359                     67.42                    9.55                 7/1/2007                   6/1/2037                    2533.51
521058552                                   SKOKIE                                     IL                60016       Non-owner                         Single Family Detached                        360                   359                        85                   11.15                 7/1/2007                   6/1/2037                    3522.23
521058565                                   INDIANAPOLIS                               IN                46219       Non-owner                         Single Family Detached                        360                   359                        80                    12.1                 7/1/2007                   6/1/2037                     621.79
521058605                                   DAPHNE                                     AL                36526       Non-owner                         Single Family Detached                        360                   359                        90                   9.325                 7/1/2007                   6/1/2037                    1378.81
521058615                                   CHICAGO                                    IL                60609       Non-owner                         2-4 Units Detached                            360                   359                        85                    10.5                 7/1/2007                   6/1/2037                    2604.72
521058618                                   HARVEY                                     IL                60426       Non-owner                         2-4 Units Detached                            360                   359                        90                   9.975                 7/1/2007                   6/1/2037                    1458.08
521058663                                   SCHAUMBURG                                 IL                60194       Primary                           Condo Low-Rise Attached                       360                   359                        90                   9.025                 7/1/2007                   6/1/2037                    1313.66
521058665                                   CHICAGO                                    IL                60615       Primary                           Single Family Detached                        360                   359                      64.1                     6.9                 7/1/2007                   6/1/2037                     1646.4
521058673                                   BATTLE CREEK                               MI                49015       Primary                           Single Family Detached                        360                   359                        85                   9.775                 7/1/2007                   6/1/2037                    1288.04
521058675                                   DETROIT                                    MI                48223       Non-owner                         Single Family Detached                        360                   359                        80                    10.9                 7/1/2007                   6/1/2037                     748.26
521058720                                   HILLSBORO                                  MO                63050       Non-owner                         Single Family Detached                        360                   359                        80                    12.1                 7/1/2007                   6/1/2037                     911.13
521058721                                   CHICAGO                                    IL                60636       Primary                           Single Family Detached                        360                   359                     76.92                   8.325                 7/1/2007                   6/1/2037                     756.55
521058734                                   CHICAGO                                    IL                60616       Primary                           Single Family Attached                        360                   359                     68.18                       9                 7/1/2007                   6/1/2037                    2413.87
521058750                                   BENSENVILLE                                IL                60106       Primary                           Single Family Detached                        360                   359                     64.24                    7.85                 7/1/2007                   6/1/2037                    2509.07
521058753                                   RICH HILL                                  MO                64779       Primary                           Single Family Detached                        360                   359                        80                   8.275                 7/1/2007                   6/1/2037                    1024.11
521058761                                   CEDAR SPRINGS                              MI                49319       Primary                           Single Family Detached                        360                   359                      78.3                    9.95                 7/1/2007                   6/1/2037                    1607.94
521058788                                   FLORISSANT                                 MO                63033       Non-owner                         Single Family Detached                        360                   359                        90                   11.95                 7/1/2007                   6/1/2037                     1208.2
521058834                                   LAKE                                       MI                48632       Primary                           Single Family Detached                        360                   359                        90                   9.725                 7/1/2007                   6/1/2037                    1327.13
521058836                                   PLYMOUTH                                   IN                46563       Primary                           Single Family Detached                        360                   359                        90                   10.45                 7/1/2007                   6/1/2037                      840.4
521058841                                   CHICAGO                                    IL                60652       Primary                           Single Family Detached                        360                   359                     62.75                   7.975                 7/1/2007                   6/1/2037                    1171.33
521058853                                   CLEVELAND                                  OH                44106       Non-owner                         2-4 Units Detached                            360                   359                        85                   11.65                 7/1/2007                   6/1/2037                     808.91
521058857                                   LINDEN                                     MI                48451       Primary                           Single Family Detached                        360                   359                        85                  10.775                 7/1/2007                   6/1/2037                    1590.11
521058885                                   CALUMET CITY                               IL                60409       Primary                           Single Family Detached                        360                   359                     79.54                    7.99                 7/1/2007                   6/1/2037                     966.83
521058984                                   OLYMPIA FIELDS                             IL                60461       Primary                           Single Family Detached                        360                   359                        85                   10.15                 7/1/2007                   6/1/2037                    2054.62
521058986                                   COLUMBUS                                   OH                43206       Primary                           Single Family Detached                        360                   359                        89                     9.7                 7/1/2007                   6/1/2037                     845.05
521059105                                   CHICAGO                                    IL                60620       Non-owner                         Single Family Detached                        360                   359                        90                  10.525                 7/1/2007                   6/1/2037                    1319.92
521059112                                   CAMERON                                    MO                64429       Primary                           Single Family Detached                        360                   359                        80                    9.75                 7/1/2007                   6/1/2037                    1202.82
521059236                                   CHICAGO                                    IL                60637       Non-owner                         2-4 Units Detached                            360                   359                        90                      10                 7/1/2007                   6/1/2037                    2606.39
521059349                                   HOMER GLEN                                 IL                60491       Primary                           Single Family Detached                        360                   359                     69.26                     7.5                 7/1/2007                   6/1/2037                    1307.53
551029704                                   LEVELLAND                                  TX                79336       Primary                           Single Family Detached                        360                   358                        90                    7.95                 6/1/2007                   5/1/2037                    1498.54
551029919                                   CLEVELAND                                  TX                77327       Primary                           Single Family Detached                        360                   359                        80                  10.825                 7/1/2007                   6/1/2037                    1262.18
551030008                                   MILFORD                                    ME                04461       Primary                           Single Family Detached                        360                   358                        90                    9.12                 6/1/2007                   5/1/2037                    1705.43
551030015                                   AUSTIN                                     TX                78704       Primary                           Single Family Detached                        360                   358                        80                     9.7                 6/1/2007                   5/1/2037                    3196.09
551030245                                   KINGSTON                                   OK                73439       Second Home                       Single Family Detached                        360                   358                        90                   7.675                 6/1/2007                   5/1/2037                    1334.64
551030684                                   AMARILLO                                   TX                79124       Primary                           PUD Detached                                  360                   358                        80                    12.2                 6/1/2007                   5/1/2037                     918.75
551030883                                   NEW BRAUNFELS                              TX                78130       Primary                           Single Family Detached                        360                   358                        80                     7.4                 6/1/2007                   5/1/2037                    2769.52
551030955                                   FAIRFIELD                                  AL                35064       Non-owner                         Single Family Detached                        360                   359                        85                    12.1                 7/1/2007                   6/1/2037                     783.97
551030985                                   EL PASO                                    TX                79912       Primary                           PUD Detached                                  360                   358                        80                     6.7                 6/1/2007                   5/1/2037                    1755.16
551031039                                   BEN WHEELER                                TX                75754       Primary                           Single Family Detached                        360                   358                        80                   8.875                 6/1/2007                   5/1/2037                    1120.27
551031061                                   RICHARDSON                                 TX                75080       Primary                           Single Family Detached                        180                   178                     61.66                   7.525                 6/1/2007                   5/1/2022                    1660.17
551031098                                   LA WARD                                    TX                77970       Primary                           Single Family Detached                        240                   238                        80                   7.525                 6/1/2007                   5/1/2027                     1411.5
551031103                                   BEAUMONT                                   TX                77708       Primary                           Single Family Detached                        360                   359                        85                     9.9                 7/1/2007                   6/1/2037                     923.84
551031171                                   MEMPHIS                                    TN                38116       Primary                           Single Family Detached                        360                   358                        90                   10.45                 6/1/2007                   5/1/2037                     746.12
551031181                                   GRAND PRAIRIE                              TX                75050       Primary                           Single Family Detached                        360                   358                        80                    9.25                 6/1/2007                   5/1/2037                     970.76
551031182                                   JACKSONVILLE                               FL                32257       Primary                           Single Family Detached                        360                   359                        90                     7.4                 7/1/2007                   6/1/2037                    1756.87
551031204                                   NEWBERN                                    TN                38059       Primary                           Single Family Detached                        360                   358                     82.58                   10.25                 6/1/2007                   5/1/2037                     976.76
551031228                                   EL PASO                                    TX                79936       Primary                           Single Family Detached                        360                   358                     78.18                   8.412                 6/1/2007                   5/1/2037                     655.91
551031241                                   MANOR                                      TX                78653       Primary                           Single Family Detached                        360                   358                     86.93                   9.075                 6/1/2007                   5/1/2037                        997
551031263                                   WINCHESTER                                 VA                22602       Primary                           Single Family Detached                        360                   358                        90                   6.625                 6/1/2007                   5/1/2037                    1924.77
551031300                                   FORT WORTH                                 TX                76118       Primary                           Single Family Detached                        360                   358                     86.08                    9.35                 6/1/2007                   5/1/2037                    1128.71
551031304                                   AUSTIN                                     TX                78749       Primary                           Single Family Detached                        360                   358                        80                    6.99                 6/1/2007                   5/1/2037                    1270.78
551031306                                   OKLAHOMA CITY                              OK                73121       Primary                           Single Family Detached                        360                   358                        80                     8.4                 6/1/2007                   5/1/2037                    1925.01
551031307                                   HERMISTON                                  OR                97838       Primary                           Single Family Detached                        360                   358                        90                    8.85                 6/1/2007                   5/1/2037                    1511.84
551031312                                   SAN ANTONIO                                TX                78260       Primary                           PUD Detached                                  360                   359                        80                    8.85                 7/1/2007                   6/1/2037                    1492.44
551031320                                   HOUSTON                                    TX                77044       Primary                           Single Family Attached                        360                   358                        90                     8.8                 6/1/2007                   5/1/2037                     889.06
551031331                                   MISSION                                    TX                78572       Primary                           Single Family Detached                        360                   359                     77.56                   8.525                 7/1/2007                   6/1/2037                    1225.39
551031348                                   WAXHAW                                     NC                28173       Primary                           Single Family Detached                        360                   359                        90                     9.9                 7/1/2007                   6/1/2037                    1057.28
551031349                                   KINGSLAND                                  TX                78639       Primary                           PUD Detached                                  360                   358                        80                   6.975                 6/1/2007                   5/1/2037                    1141.43
551031360                                   EDMOND                                     OK                73013       Primary                           PUD Detached                                  360                   359                        90                   7.925                 7/1/2007                   6/1/2037                     1442.4
551031364                                   SAN ANTONIO                                TX                78254       Primary                           Single Family Detached                        180                   179                        80                   8.325                 7/1/2007                   6/1/2022                    1434.48
551031365                                   KINGWOOD                                   TX                77345       Primary                           Single Family Detached                        360                   358                        80                   9.425                 6/1/2007                   5/1/2037                    1436.87
551031377                                   MARBLE FALLS                               TX                78654       Primary                           Single Family Detached                        360                   359                        80                    11.3                 7/1/2007                   6/1/2037                    1170.07
551031380                                   EL PASO                                    TX                79936       Primary                           Single Family Detached                        360                   358                     57.14                    8.95                 6/1/2007                   5/1/2037                     801.03
551031381                                   SAN ANTONIO                                TX                78213       Primary                           Single Family Detached                        360                   358                        70                    11.8                 6/1/2007                   5/1/2037                     567.42
551031384                                   DALLAS                                     TX                75227       Primary                           Single Family Detached                        240                   236                        80                    9.65                 4/1/2007                   3/1/2027                    1009.77
551031389                                   BASTROP                                    TX                78602       Primary                           Single Family Detached                        360                   358                     75.43                    8.25                 6/1/2007                   5/1/2037                     730.99
551031400                                   FORT WORTH                                 TX                76123       Primary                           Single Family Detached                        240                   239                        90                    9.99                 7/1/2007                   6/1/2027                    1883.39
551032297                                   MAGNOLIA                                   TX                77354       Primary                           Single Family Detached                        360                   358                     73.85                    6.75                 6/1/2007                   5/1/2037                     933.99
551032322                                   TULSA                                      OK                74120       Non-owner                         Single Family Detached                        360                   359                        90                    11.5                 7/1/2007                   6/1/2037                    2852.04
551032328                                   SAN BENITO                                 TX                78586       Primary                           Single Family Detached                        360                   359                        80                      11                 7/1/2007                   6/1/2037                     670.44
551032335                                   ROCKWALL                                   TX                75087       Primary                           Single Family Detached                        360                   358                        80                    9.85                 6/1/2007                   5/1/2037                    1663.69
551032338                                   HOUSTON                                    TX                77082       Primary                           Single Family Detached                        180                   179                        80                     8.6                 7/1/2007                   6/1/2022                    2773.71
551032418                                   SEMINOLE                                   TX                79360       Primary                           Single Family Detached                        360                   358                        90                  10.475                 6/1/2007                   5/1/2037                    1569.22
551032440                                   WINNSBORO                                  TX                75494       Primary                           Single Family Detached                        360                   358                     81.84                     9.8                 6/1/2007                   5/1/2037                     691.99
551032447                                   ANGLETON                                   TX                77515       Primary                           Single Family Detached                        360                   358                        90                   11.99                 6/1/2007                   5/1/2037                     595.28
551032517                                   DESOTO                                     TX                75115       Primary                           Single Family Detached                        360                   358                        90                   10.99                 6/1/2007                   5/1/2037                    1069.66
551032530                                   GLEN HEIGHTS                               TX                75154       Primary                           PUD Detached                                  360                   358                        90                    10.4                 6/1/2007                   5/1/2037                    1957.71
551032539                                   CELINA                                     TX                75009       Primary                           Single Family Detached                        360                   358                        80                    10.1                 6/1/2007                   5/1/2037                     884.97
551032552                                   SUGAR LAND                                 TX                77479       Primary                           PUD Detached                                  360                   358                     60.59                   9.225                 6/1/2007                   5/1/2037                      845.5
551032563                                   REEDVILLE                                  VA                22539       Primary                           Single Family Detached                        360                   358                        52                     7.9                 6/1/2007                   5/1/2037                     755.88
551032567                                   ARLINGTON                                  TX                76001       Primary                           Single Family Detached                        360                   359                        80                     8.6                 7/1/2007                   6/1/2037                     962.25
551032571                                   WINTER HAVEN                               FL                33884       Primary                           Single Family Detached                        360                   358                        80                    6.99                 6/1/2007                   5/1/2037                     978.34
551032628                                   ROWLETT                                    TX                75088       Primary                           PUD Detached                                  360                   359                     79.25                    9.35                 7/1/2007                   6/1/2037                    1933.74
551032665                                   SANTA FE                                   TX                77517       Primary                           Single Family Detached                        360                   358                        60                    11.5                 6/1/2007                   5/1/2037                     594.17
551032678                                   DALLAS                                     TX                75237       Primary                           Single Family Detached                        360                   359                     76.32                    8.85                 7/1/2007                   6/1/2037                     575.54
551032682                                   EULESS                                     TX                76040       Primary                           Single Family Detached                        360                   359                        80                     8.9                 7/1/2007                   6/1/2037                    1486.43
551032687                                   BRENHAM                                    TX                77833       Primary                           Single Family Detached                        360                   359                        80                   9.725                 7/1/2007                   6/1/2037                    1063.08
551032712                                   ORLANDO                                    FL                32808       Primary                           Single Family Detached                        360                   358                        80                     9.7                 6/1/2007                   5/1/2037                    1355.09
551032723                                   LA PORTE                                   TX                77571       Primary                           Single Family Detached                        360                   358                        90                    11.1                 6/1/2007                   5/1/2037                     846.62
551032724                                   GARLAND                                    TX                75040       Primary                           Single Family Detached                        360                   359                        90                  11.225                 7/1/2007                   6/1/2037                    1234.87
551032758                                   WINTER HAVEN                               FL                33881       Primary                           Single Family Detached                        360                   358                        65                   6.925                 6/1/2007                   5/1/2037                     965.65
551032760                                   TIOGA                                      TX                76271       Primary                           Single Family Detached                        360                   359                     79.14                   7.875                 7/1/2007                   6/1/2037                    2237.93
551032786                                   KILLEEN                                    TX                76542       Primary                           Single Family Detached                        360                   359                        80                    8.99                 7/1/2007                   6/1/2037                     771.75
551032834                                   EL PASO                                    TX                79936       Primary                           Single Family Detached                        360                   359                        80                    9.95                 7/1/2007                   6/1/2037                    2712.53
551032836                                   GILMER                                     TX                75644       Primary                           Single Family Detached                        360                   359                        80                   12.25                 7/1/2007                   6/1/2037                     586.82
551032840                                   EL PASO                                    TX                79907       Primary                           Single Family Detached                        360                   359                        80                   9.825                 7/1/2007                   6/1/2037                     657.15
551032843                                   PLANO                                      TX                75074       Non-owner                         Condo Low-Rise Attached                       360                   359                        80                    11.8                 7/1/2007                   6/1/2037                     599.84
551032855                                   MILTON FREEWATER                           OR                97862       Primary                           Single Family Detached                        360                   359                        80                     9.4                 7/1/2007                   6/1/2037                    2371.97
551032862                                   EL PASO                                    TX                79925       Primary                           Single Family Detached                        360                   359                     66.77                    9.75                 7/1/2007                   6/1/2037                    1847.18
551032874                                   HUMBLE                                     TX                77346       Primary                           Single Family Detached                        360                   359                        80                    8.25                 7/1/2007                   6/1/2037                    2217.74
551032923                                   TULSA                                      OK                74105       Non-owner                         Single Family Detached                        360                   359                        90                      12                 7/1/2007                   6/1/2037                    2555.07
551032945                                   BRENHAM                                    TX                77833       Primary                           Single Family Detached                        360                   359                        85                    8.25                 7/1/2007                   6/1/2037                    1764.39
551032957                                   GLENN HEIGHTS                              TX                75154       Non-owner                         2-4 Units Attached                            360                   359                        85                  10.375                 7/1/2007                   6/1/2037                    1300.62
551032984                                   WEST COLUMBIA                              TX                77486       Primary                           Single Family Detached                        360                   359                        80                     9.3                 7/1/2007                   6/1/2037                     826.31
551033058                                   SAN ANTONIO                                TX                78201       Non-owner                         Single Family Detached                        360                   359                     72.09                   12.45                 7/1/2007                   6/1/2037                      659.3
551033101                                   ROWLETT                                    TX                75088       Primary                           Single Family Detached                        360                   359                        90                   9.237                 7/1/2007                   6/1/2037                     917.06
551033135                                   PLANO                                      TX                75023       Primary                           Single Family Detached                        180                   179                        80                   9.325                 7/1/2007                   6/1/2022                    1529.86
551033137                                   DESOTO                                     TX                75115       Primary                           PUD Detached                                  360                   359                        85                  11.525                 7/1/2007                   6/1/2037                    1661.44
551033172                                   RHOME                                      TX                76078       Primary                           Single Family Detached                        360                   359                        80                   10.95                 7/1/2007                   6/1/2037                    1897.09
551033195                                   FLORESVILLE                                TX                78114       Primary                           Single Family Detached                        360                   359                     76.43                   9.144                 7/1/2007                   6/1/2037                    1541.69
551033288                                   GRAND PRAIRIE                              TX                75052       Primary                           Single Family Detached                        360                   359                        80                    9.15                 7/1/2007                   6/1/2037                     900.25
551033295                                   AUGUSTA                                    GA                30909       Primary                           Single Family Detached                        360                   359                        80                     9.5                 7/1/2007                   6/1/2037                     908.12
551033321                                   CORPUS CHRISTI                             TX                78412       Primary                           Single Family Detached                        360                   359                        80                    10.7                 7/1/2007                   6/1/2037                     896.26
551033372                                   HOUSTON                                    TX                77087       Primary                           Single Family Detached                        360                   359                        80                    9.25                 7/1/2007                   6/1/2037                     855.58
581017353                                   HOBART                                     IN                46342       Primary                           Single Family Detached                        360                   358                        90                    9.95                 6/1/2007                   5/1/2037                    1069.63
581017706                                   VOLCANO                                    CA                95689       Primary                           Single Family Detached                        360                   358                        50                    9.55                 6/1/2007                   5/1/2037                    1773.46
581018097                                   FLORENCE                                   CO                81226       Non-owner                         Single Family Detached                        360                   359                        80                   12.15                 7/1/2007                   6/1/2037                     956.96
581018524                                   STOCKTON                                   CA                95206       Primary                           Single Family Detached                        360                   359                        85                    7.85                 7/1/2007                   6/1/2037                    1815.64
581018767                                   ELK GROVE                                  CA                95624       Primary                           Single Family Detached                        360                   357                     69.75                     7.7                 5/1/2007                   4/1/2037                    1877.39
581019126                                   BAKERSFIELD                                CA                93304       Primary                           Single Family Detached                        360                   357                     74.09                     7.1                 5/1/2007                   4/1/2037                    1095.41
581019401                                   SACRAMENTO                                 CA                95829       Primary                           Single Family Detached                        360                   358                     89.11                    7.15                 6/1/2007                   5/1/2037                    2158.45
581019509                                   OROVILLE                                   CA                95965       Primary                           Single Family Detached                        360                   359                     35.48                     8.1                 7/1/2007                   6/1/2037                     755.85
581019574                                   DELANO                                     CA                93215       Non-owner                         2-4 Units Attached                            360                   358                     98.91                       9                 6/1/2007                   5/1/2037                    2188.57
581019578                                   PALM DESERT                                CA                92260       Non-owner                         2-4 Units Attached                            360                   358                        75                    7.35                 6/1/2007                   5/1/2037                    2583.65
581019612                                   SEASIDE                                    CA                93955       Primary                           Single Family Detached                        360                   359                     50.33                   6.255                 7/1/2007                   6/1/2037                    2412.42
581019663                                   PORTLAND                                   OR                97229       Primary                           Condo Low-Rise Attached                       360                   358                        80                   8.575                 6/1/2007                   5/1/2037                    1052.96
581019802                                   SAN LORENZO                                CA                94580       Primary                           Single Family Detached                        360                   358                        75                    7.65                 6/1/2007                   5/1/2037                    2509.43
581019804                                   LOS ANGELES                                CA                90016       Primary                           2-4 Units Detached                            360                   358                     54.17                    7.99                 6/1/2007                   5/1/2037                    2382.47
581019855                                   CANON CITY                                 CO                81212       Primary                           Single Family Detached                        360                   359                     89.34                     9.4                 7/1/2007                   6/1/2037                        982
581019893                                   CLOVIS                                     CA                93612       Primary                           Single Family Detached                        360                   358                        85                     6.4                 6/1/2007                   5/1/2037                    1938.35
581019898                                   PORTLAND                                   OR                97213       Primary                           Single Family Detached                        360                   359                     62.65                     7.7                 7/1/2007                   6/1/2037                    1396.84
581019937                                   CAPE CORAL                                 FL                33993       Primary                           Single Family Detached                        360                   359                     79.83                   7.925                 7/1/2007                   6/1/2037                    1498.29
581019947                                   RIVERSIDE AREA                             CA                92509       Primary                           Single Family Detached                        360                   356                        90                    7.35                 4/1/2007                   3/1/2037                    2325.28
581019951                                   LOST HILLS                                 CA                93249       Primary                           Single Family Detached                        360                   358                        90                    8.99                 6/1/2007                   5/1/2037                    1057.09
581019958                                   SILVERTHORNE                               CO                80498       Primary                           Single Family Attached                        360                   359                      69.7                     6.8                 7/1/2007                   6/1/2037                     2043.7
581019986                                   AUBURN                                     CA                95602       Primary                           Single Family Detached                        360                   358                        80                     8.2                 6/1/2007                   5/1/2037                    2273.16
581019997                                   AVON                                       CO                81620       Primary                           Condo Low-Rise Attached                       360                   359                        80                    7.75                 7/1/2007                   6/1/2037                    2427.68
581020014                                   BAYFIELD                                   CO                81122       Primary                           PUD Detached                                  360                   358                        90                     8.1                 6/1/2007                   5/1/2037                    1585.58
581020022                                   HERCULES                                   CA                94547       Primary                           Condo Low-Rise Attached                       360                   358                        50                    8.45                 6/1/2007                   5/1/2037                    1458.59
581020023                                   LAS VEGAS                                  NV                89122       Primary                           PUD Detached                                  360                   358                        90                     8.5                 6/1/2007                   5/1/2037                    1746.54
581020046                                   FORT COLLINS                               CO                80526       Primary                           Single Family Detached                        360                   359                        80                   8.925                 7/1/2007                   6/1/2037                     1253.2
581020052                                   JOSHUA TREE                                CA                92252       Primary                           Single Family Detached                        360                   358                        80                     8.9                 6/1/2007                   5/1/2037                     1170.9
581020055                                   LAVEEN                                     AZ                85339       Primary                           Single Family Detached                        360                   358                     64.75                     6.9                 6/1/2007                   5/1/2037                    1942.53
581020066                                   LONGMONT                                   CO                80501       Primary                           Single Family Detached                        360                   359                        90                     7.4                 7/1/2007                   6/1/2037                    1026.75
581020070                                   LODI                                       CA                95240       Primary                           Single Family Detached                        360                   358                        86                    7.45                 6/1/2007                   5/1/2037                    2024.88
581020073                                   SACRAMENTO                                 CA                95832       Primary                           Single Family Detached                        360                   358                     84.38                    8.15                 6/1/2007                   5/1/2037                    1717.02
581020080                                   FAIRFIELD                                  CA                94533       Primary                           Single Family Detached                        360                   358                        90                    7.99                 6/1/2007                   5/1/2037                    2320.43
581020091                                   POLLOCK PINES                              CA                95726       Primary                           PUD Detached                                  360                   359                        85                    8.95                 7/1/2007                   6/1/2037                    2740.03
581020101                                   MORENO VALLEY                              CA                92555       Primary                           Single Family Detached                        360                   356                     77.27                    8.35                 4/1/2007                   3/1/2037                    2578.25
581020107                                   BOCA RATON                                 FL                33486       Primary                           Single Family Detached                        360                   358                        80                    8.35                 6/1/2007                   5/1/2037                    2261.95
581020122                                   MANTECA                                    CA                95336       Primary                           Single Family Detached                        360                   358                        90                     8.5                 6/1/2007                   5/1/2037                    2697.43
581020127                                   LOS BANOS                                  CA                93635       Primary                           Single Family Detached                        360                   358                        75                     6.5                 6/1/2007                   5/1/2037                    1817.99
581020130                                   ELIZABETH                                  CO                80107       Primary                           Single Family Detached                        360                   358                        90                     9.8                 6/1/2007                   5/1/2037                    2550.42
581020136                                   BAKERSFIELD                                CA                93308       Primary                           Single Family Detached                        360                   358                        65                     6.9                 6/1/2007                   5/1/2037                    2007.87
581020173                                   GRASS VALLEY                               CA                95945       Primary                           Single Family Detached                        360                   359                     64.56                    6.79                 7/1/2007                   6/1/2037                    1493.45
581020175                                   LODI                                       CA                95242       Primary                           Single Family Detached                        360                   359                     64.95                    6.75                 7/1/2007                   6/1/2037                    1873.16
581020194                                   WILLOW                                     AK                99688       Primary                           Single Family Detached                        360                   358                        75                    10.5                 6/1/2007                   5/1/2037                    1852.35
581020202                                   ORLANDO                                    FL                32825       Primary                           PUD Detached                                  360                   357                     70.67                   10.05                 5/1/2007                   4/1/2037                    1295.46
581020203                                   COLORADO SPRINGS                           CO                80904       Primary                           Single Family Detached                        360                   359                     64.93                    7.65                 7/1/2007                   6/1/2037                    1585.96
581020206                                   AURORA                                     CO                80011       Primary                           Single Family Detached                        360                   358                     72.22                    7.95                 6/1/2007                   5/1/2037                     899.03
581020223                                   SUN VALLEY                                 NV                89433       Primary                           Single Family Detached                        360                   359                        90                     7.2                 7/1/2007                   6/1/2037                    1721.55
581020232                                   AURORA                                     CO                80010       Non-owner                         Single Family Detached                        360                   359                        90                    11.7                 7/1/2007                   6/1/2037                     850.72
581020240                                   SACRAMENTO                                 CA                95827       Primary                           Single Family Detached                        360                   358                        80                    7.54                 6/1/2007                   5/1/2037                    1932.59
581020252                                   FAIRFIELD                                  CA                94533       Primary                           Single Family Detached                        360                   359                     82.07                    9.25                 7/1/2007                   6/1/2037                    2530.46
581020301                                   PATERSON                                   NJ                07513       Primary                           2-4 Units Detached                            360                   359                        90                    7.99                 7/1/2007                   6/1/2037                    2870.01
581020304                                   COOPERSBURG                                PA                18036       Primary                           Single Family Detached                        360                   359                        90                     6.9                 7/1/2007                   6/1/2037                    2245.49
581020314                                   SACRAMENTO                                 CA                95834       Primary                           Single Family Detached                        360                   358                        75                    10.7                 6/1/2007                   5/1/2037                    2022.15
581020327                                   SAINT LOUIS                                MO                63118       Non-owner                         2-4 Units Detached                            360                   359                        80                    11.8                 7/1/2007                   6/1/2037                    1069.99
581020331                                   DENVER                                     CO                80219       Non-owner                         Single Family Detached                        360                   359                        90                   10.45                 7/1/2007                   6/1/2037                    1164.26
581020352                                   HUGHSON                                    CA                95326       Primary                           Single Family Detached                        360                   359                     71.43                     7.5                 7/1/2007                   6/1/2037                    1151.65
581020360                                   DENVER                                     CO                80236       Non-owner                         Single Family Detached                        360                   359                        90                   11.05                 7/1/2007                   6/1/2037                    1720.99
581020363                                   TURNER                                     OR                97392       Primary                           Single Family Detached                        360                   359                        90                     8.6                 7/1/2007                   6/1/2037                    1633.27
581020374                                   ESCALON                                    CA                95320       Primary                           Single Family Detached                        360                   359                        90                     8.3                 7/1/2007                   6/1/2037                    2720.25
581020384                                   PUEBLO WEST                                CO                81007       Primary                           Single Family Detached                        360                   359                        90                     7.7                 7/1/2007                   6/1/2037                       1232
581020385                                   ROSEVILLE                                  CA                95678       Primary                           PUD Attached                                  360                   359                     89.14                    9.15                 7/1/2007                   6/1/2037                    1593.56
581020407                                   DREXEL HILL                                PA                19026       Primary                           Single Family Detached                        360                   359                        90                    6.67                 7/1/2007                   6/1/2037                    1401.04
581020409                                   ATLANTA                                    GA                30316       Primary                           Single Family Detached                        360                   359                        90                   10.21                 7/1/2007                   6/1/2037                    1085.15
581020411                                   BAKERSFIELD                                CA                93309       Primary                           Single Family Detached                        360                   359                        80                    6.89                 7/1/2007                   6/1/2037                    1055.15
581020443                                   LA GRANGE                                  CA                95329       Primary                           PUD Detached                                  360                   359                        90                    7.45                 7/1/2007                   6/1/2037                    2348.15
581020447                                   SACRAMENTO                                 CA                95838       Primary                           Single Family Detached                        360                   359                        90                     8.9                 7/1/2007                   6/1/2037                    1891.46
581020450                                   LACEY                                      WA                98516       Primary                           PUD Detached                                  360                   359                      82.2                    7.95                 7/1/2007                   6/1/2037                    3001.46
581020472                                   ANTIOCH                                    CA                94509       Primary                           Single Family Detached                        360                   359                        90                     8.3                 7/1/2007                   6/1/2037                    2568.42
581020486                                   OAKLAND                                    CA                94621       Primary                           Single Family Detached                        360                   359                        90                    7.25                 7/1/2007                   6/1/2037                    2346.98
581020511                                   PORTLAND                                   OR                97266       Primary                           Single Family Detached                        360                   359                        75                    9.25                 7/1/2007                   6/1/2037                    1326.56
581020566                                   FORT LUPTON                                CO                80621       Primary                           Single Family Detached                        360                   359                        85                     9.8                 7/1/2007                   6/1/2037                    2346.89
581020582                                   TULARE                                     CA                93274       Primary                           Single Family Detached                        360                   359                     63.83                    7.85                 7/1/2007                   6/1/2037                    1001.27
581020602                                   WASHOUGAL                                  WA                98671       Primary                           Single Family Detached                        360                   359                        80                     8.8                 7/1/2007                   6/1/2037                    2698.67
581020617                                   FORT COLLINS                               CO                80526       Primary                           Single Family Detached                        360                   359                     87.78                     8.5                 7/1/2007                   6/1/2037                    2429.77
581020685                                   CANON CITY                                 CO                81212       Primary                           Single Family Detached                        360                   359                        90                    8.35                 7/1/2007                   6/1/2037                     2149.8
581020686                                   BEAVERTON                                  OR                97007       Primary                           Single Family Detached                        360                   359                        85                    8.25                 7/1/2007                   6/1/2037                    1717.77
581020768                                   FORT COLLINS                               CO                80521       Primary                           Single Family Detached                        360                   359                        90                    8.75                 7/1/2007                   6/1/2037                    1353.91
581020814                                   COLORADO SPRINGS                           CO                80920       Primary                           PUD Detached                                  360                   359                     86.62                     8.7                 7/1/2007                   6/1/2037                    1756.66
621023908                                   NORTH BAY VILLAGE                          FL                33141       Non-owner                         Condo Low-Rise Attached                       360                   359                        65                   9.175                 7/1/2007                   6/1/2037                    1614.88
621023952                                   TAMPA                                      FL                33604       Non-owner                         Single Family Detached                        360                   359                        90                    11.7                 7/1/2007                   6/1/2037                     1945.8
621024031                                   FAIRBURN                                   GA                30213       Primary                           Single Family Detached                        360                   358                        80                   8.625                 6/1/2007                   5/1/2037                    1088.91
621024160                                   SUNRISE                                    FL                33313       Primary                           Single Family Detached                        360                   357                        80                    8.82                 5/1/2007                   4/1/2037                    1583.41
621024184                                   MIAMI                                      FL                33126       Non-owner                         2-4 Units Detached                            360                   358                        70                   7.975                 6/1/2007                   5/1/2037                    2075.28
621024394                                   AUSTELL                                    GA                30168       Primary                           Single Family Detached                        360                   358                        90                   9.525                 6/1/2007                   5/1/2037                    1205.83
621024421                                   BOYNTON BEACH                              FL                33435       Primary                           Single Family Detached                        360                   359                        80                     8.6                 7/1/2007                   6/1/2037                    2032.51
621024454                                   PAHOKEE                                    FL                33476       Non-owner                         Single Family Detached                        360                   359                        85                    11.6                 7/1/2007                   6/1/2037                    1119.68
621024498                                   FORT PIERCE                                FL                34951       Primary                           Single Family Detached                        360                   359                     84.85                    9.25                 7/1/2007                   6/1/2037                    1106.92
621024611                                   DELAND                                     FL                32720       Primary                           Single Family Detached                        360                   359                        90                    9.15                 7/1/2007                   6/1/2037                      856.5
621024617                                   SAINT PETERSBURG                           FL                33705       Primary                           Single Family Detached                        360                   359                        85                   10.75                 7/1/2007                   6/1/2037                     1119.6
621024660                                   PONTE VEDRA BEACH                          FL                32082       Primary                           PUD Attached                                  360                   358                        80                    6.85                 6/1/2007                   5/1/2037                    1163.74
621024670                                   FORT PIERCE                                FL                34945       Primary                           Single Family Detached                        360                   359                     63.29                    7.15                 7/1/2007                   6/1/2037                    1752.68
621024673                                   PLANTATION                                 FL                33317       Primary                           Single Family Detached                        360                   359                     46.79                     7.6                 7/1/2007                   6/1/2037                    1155.83
621024675                                   MIAMI                                      FL                33056       Primary                           Single Family Attached                        360                   359                        85                     9.4                 7/1/2007                   6/1/2037                    1207.04
621024699                                   SAINT PETERSBURG                           FL                33712       Primary                           Single Family Detached                        360                   359                     67.74                     7.5                 7/1/2007                   6/1/2037                    1468.35
621024704                                   MIAMI                                      FL                33177       Primary                           Single Family Detached                        360                   359                     55.08                     6.4                 7/1/2007                   6/1/2037                    1085.27
621024719                                   JUPITER                                    FL                33458       Primary                           Single Family Detached                        360                   359                     69.78                       9                 7/1/2007                   6/1/2037                    1263.26
621024736                                   POMPANO BEACH                              FL                33064       Primary                           Single Family Detached                        360                   359                        68                    9.35                 7/1/2007                   6/1/2037                    1410.88
621024739                                   FORT LAUDERDALE                            FL                33304       Second Home                       Condo High-Rise Attached                      360                   359                        80                    7.65                 7/1/2007                   6/1/2037                     2781.3
621024767                                   JACKSONVILLE                               FL                32221       Primary                           PUD Detached                                  360                   358                        90                    7.95                 6/1/2007                   5/1/2037                    1337.19
621024797                                   SUNRISE                                    FL                33351       Primary                           Condo Low-Rise Attached                       360                   358                     69.12                   7.825                 6/1/2007                   5/1/2037                     1082.4
621024807                                   SARASOTA                                   FL                34235       Primary                           Single Family Detached                        360                   359                        90                    8.95                 7/1/2007                   6/1/2037                    1935.48
621024808                                   MIAMI                                      FL                33142       Non-owner                         2-4 Units Attached                            360                   359                        80                     9.1                 7/1/2007                   6/1/2037                    1558.71
621024811                                   MIAMI                                      FL                33175       Primary                           Single Family Detached                        360                   359                      42.5                    7.25                 7/1/2007                   6/1/2037                     1159.7
621024818                                   STUART                                     FL                34997       Primary                           2-4 Units Attached                            360                   359                        80                     9.4                 7/1/2007                   6/1/2037                    2133.93
621024832                                   MIAMI                                      FL                33186       Primary                           Single Family Detached                        360                   359                        90                     9.7                 7/1/2007                   6/1/2037                    3190.09
621024834                                   MIAMI                                      FL                33179       Primary                           Condo Low-Rise Attached                       360                   358                        90                   10.35                 6/1/2007                   5/1/2037                    1085.26
621024856                                   MIAMI                                      FL                33167       Primary                           Single Family Detached                        360                   359                        80                    7.42                 7/1/2007                   6/1/2037                    1415.24
621024867                                   POMPANO BEACH                              FL                33064       Primary                           Single Family Detached                        360                   359                        70                    9.85                 7/1/2007                   6/1/2037                    1641.27
621024871                                   LAKE WORTH                                 FL                33460       Primary                           Single Family Detached                        360                   359                        80                    9.25                 7/1/2007                   6/1/2037                     1339.2
621024873                                   WEELINGTON                                 FL                33414       Primary                           PUD Attached                                  360                   359                     69.75                   10.95                 7/1/2007                   6/1/2037                    1885.71
621024877                                   MIAMI                                      FL                33150       Non-owner                         Single Family Detached                        360                   359                     59.49                     8.8                 7/1/2007                   6/1/2037                     869.75
621024887                                   MIAMI (UNINC)                              FL                33032       Non-owner                         Single Family Detached                        360                   358                        85                      12                 6/1/2007                   5/1/2037                    2015.05
621024952                                   JACKSONVILLE                               FL                32208       Primary                           Single Family Detached                        360                   359                        85                    10.1                 7/1/2007                   6/1/2037                     946.99
621024971                                   MIAMI                                      FL                33133       Primary                           2-4 Units Detached                            360                   359                     44.83                   6.725                 7/1/2007                   6/1/2037                    1682.13
621024975                                   FORT PIERCE                                FL                34945       Primary                           Single Family Detached                        360                   359                        75                     8.6                 7/1/2007                   6/1/2037                    2725.05
621024977                                   MELBOURNE                                  FL                32940       Primary                           PUD Detached                                  360                   359                        55                    7.65                 7/1/2007                   6/1/2037                    1121.92
621024978                                   POMPANO BEACH                              FL                33064       Primary                           Single Family Detached                        360                   359                     51.79                     8.5                 7/1/2007                   6/1/2037                    1042.17
621024994                                   FORT LAUDERDALE                            FL                33312       Non-owner                         PUD Detached                                  360                   359                        85                   11.75                 7/1/2007                   6/1/2037                    3835.25
621025025                                   WEST PALM BEACH                            FL                33415       Non-owner                         PUD Attached                                  360                   359                        45                     9.6                 7/1/2007                   6/1/2037                     858.76
621025027                                   MIAMI                                      FL                33157       Non-owner                         Single Family Detached                        360                   359                        80                     9.7                 7/1/2007                   6/1/2037                    2320.07
621025083                                   CORAL SPRINGS                              FL                33065       Non-owner                         2-4 Units Attached                            360                   359                     86.23                    9.55                 7/1/2007                   6/1/2037                    3859.55
661024166                                   BENNETTSVILLE                              SC                29512       Primary                           Single Family Detached                        360                   358                        90                   11.05                 6/1/2007                   5/1/2037                    1101.43
661024255                                   MIAMI                                      FL                33177       Primary                           Condo Low-Rise Attached                       360                   358                        90                    7.37                 6/1/2007                   5/1/2037                    1332.79
661024455                                   MURRIETA                                   CA                92562       Primary                           Single Family Detached                        360                   358                        75                     8.9                 6/1/2007                   5/1/2037                    2645.79
661024537                                   SALT LAKE CITY                             UT                84121       Primary                           Single Family Detached                        360                   359                      65.3                    6.65                 7/1/2007                   6/1/2037                    1123.44
661024595                                   CHEHALIS                                   WA                98532       Primary                           Single Family Detached                        360                   359                        80                   11.05                 7/1/2007                   6/1/2037                    3304.29
661024625                                   TWIN LAKES                                 WI                53181       Primary                           Single Family Detached                        360                   358                        90                    8.55                 6/1/2007                   5/1/2037                     1640.7
661024881                                   TACOMA                                     WA                98418       Primary                           Single Family Detached                        360                   358                        85                    9.25                 6/1/2007                   5/1/2037                    1356.72
661024895                                   MADERA                                     CA                93637       Primary                           Single Family Detached                        360                   358                        80                    7.95                 6/1/2007                   5/1/2037                    1798.06
661024925                                   (WILDOMAR AREA)                            CA                92595       Primary                           Single Family Detached                        360                   358                        90                       9                 6/1/2007                   5/1/2037                    2321.22
661025033                                   OWENSBORO                                  KY                42301       Non-owner                         Single Family Detached                        360                   358                        90                  10.125                 6/1/2007                   5/1/2037                    1356.84
661025039                                   LOS ANGELES                                CA                91040       Primary                           Single Family Detached                        360                   358                     44.44                     9.1                 6/1/2007                   5/1/2037                    1623.66
661025063                                   LOS ANGELES                                CA                90026       Primary                           2-4 Units Attached                            360                   358                     55.12                     7.8                 6/1/2007                   5/1/2037                    2519.73
661025064                                   REDDING                                    CA                96001       Primary                           Single Family Detached                        360                   358                        80                     8.2                 6/1/2007                   5/1/2037                    1529.03
661025067                                   MORENO VALLEY                              CA                92557       Primary                           Single Family Detached                        360                   358                     76.92                    8.25                 6/1/2007                   5/1/2037                    2446.35
661025101                                   RIVERSIDE                                  CA                92504       Primary                           Single Family Detached                        360                   358                        80                   9.425                 6/1/2007                   5/1/2037                    2670.05
661025114                                   RIVERSIDE                                  CA                92507       Primary                           Single Family Detached                        360                   358                     59.69                     9.2                 6/1/2007                   5/1/2037                    1526.38
661025129                                   OLIVE BRANCH                               MS                38654       Primary                           Single Family Detached                        240                   238                        75                    10.3                 6/1/2007                   5/1/2027                    3656.74
661025138                                   GLENDALE                                   CA                91206       Primary                           Condo Low-Rise Attached                       360                   358                        70                   7.225                 6/1/2007                   5/1/2037                    2144.72
661025203                                   CHINO HILLS                                CA                91709       Primary                           PUD Detached                                  360                   359                        80                     7.9                 7/1/2007                   6/1/2037                    2822.81
661025213                                   POMONA                                     CA                91768       Primary                           Single Family Detached                        360                   358                     47.76                     6.4                 6/1/2007                   5/1/2037                    1269.65
661025223                                   OAKLEY                                     CA                94561       Primary                           PUD Detached                                  360                   359                     59.87                     7.3                 7/1/2007                   6/1/2037                     1463.6
661025231                                   HACIENDA HEIGHTS                           CA                91745       Primary                           Single Family Detached                        360                   358                        70                    7.15                 6/1/2007                   5/1/2037                     2081.8
661025241                                   PLACENTIA                                  CA                92870       Primary                           Condo Low-Rise Attached                       360                   359                        90                    9.25                 7/1/2007                   6/1/2037                    2931.77
661025265                                   LOS ANGELES                                CA                90011       Primary                           Single Family Detached                        360                   358                        90                     7.5                 6/1/2007                   5/1/2037                     2587.5
661025279                                   JACKSONVILLE                               FL                32216       Primary                           Single Family Detached                        360                   359                        85                    7.45                 7/1/2007                   6/1/2037                     878.97
661025284                                   LOS ANGELES                                CA                90061       Primary                           Single Family Detached                        360                   358                        65                     6.3                 6/1/2007                   5/1/2037                    1658.47
661025287                                   PALMDALE                                   CA                93551       Primary                           Single Family Detached                        360                   359                        85                     6.6                 7/1/2007                   6/1/2037                    1553.83
661025295                                   STOCKTON                                   CA                95206       Primary                           Single Family Detached                        360                   358                     74.95                     7.7                 6/1/2007                   5/1/2037                    2698.32
661025297                                   CITY OF SAN BERNARDINO                     CA                92410       Non-owner                         Single Family Detached                        360                   358                        85                   10.05                 6/1/2007                   5/1/2037                    2172.33
661025298                                   CITY OF HIGHLAND                           CA                92346       Primary                           Single Family Detached                        360                   358                        90                     9.2                 6/1/2007                   5/1/2037                    3096.03
661025309                                   VICTORVILLE                                CA                92392       Primary                           Single Family Detached                        360                   358                        90                     9.4                 6/1/2007                   5/1/2037                    2625.77
661025328                                   THOUSAND OAKS                              CA                91362       Primary                           Condo Low-Rise Attached                       360                   359                        90                     7.5                 7/1/2007                   6/1/2037                    2255.86
661025337                                   HESPERIA                                   CA                92345       Primary                           Single Family Detached                        360                   358                        80                    8.65                 6/1/2007                   5/1/2037                    2114.45
661025350                                   CITY OF RIALTO                             CA                92376       Primary                           Single Family Detached                        360                   358                        80                     6.9                 6/1/2007                   5/1/2037                    2319.15
661025372                                   VICTORVILLE                                CA                92392       Primary                           Single Family Detached                        360                   359                        90                    8.35                 7/1/2007                   6/1/2037                    2226.61
661025373                                   ORANGE                                     CA                92868       Primary                           Single Family Detached                        360                   359                     52.17                     6.4                 7/1/2007                   6/1/2037                     1668.6
661025374                                   NORTH PORT                                 FL                34287       Non-owner                         Single Family Detached                        360                   359                        90                   10.25                 7/1/2007                   6/1/2037                    2379.15
661025386                                   LOS ANGELES                                CA                90008       Primary                           Single Family Detached                        360                   358                     49.84                    7.35                 6/1/2007                   5/1/2037                    2012.22
661025422                                   INGLEWOOD                                  CA                90305       Primary                           Single Family Detached                        360                   358                     53.85                    6.15                 6/1/2007                   5/1/2037                    1765.77
661025434                                   INDIO                                      CA                92201       Primary                           Single Family Detached                        360                   358                     84.94                    7.99                 6/1/2007                   5/1/2037                    2564.69
661025452                                   LANCASTER                                  CA                93535       Primary                           Single Family Detached                        360                   359                        75                     9.7                 7/1/2007                   6/1/2037                     1548.1
661025467                                   DUARTE                                     CA                91010       Primary                           Single Family Detached                        360                   358                        80                    7.05                 6/1/2007                   5/1/2037                    2500.27
661025469                                   RICHMOND                                   VA                23237       Primary                           Single Family Detached                        360                   359                        85                    8.95                 7/1/2007                   6/1/2037                    1193.87
661025507                                   NUEVO                                      CA                92567       Primary                           Single Family Detached                        360                   358                        80                    9.95                 6/1/2007                   5/1/2037                    2873.75
661025521                                   KAPAA                                      HI                96746       Primary                           Single Family Detached                        360                   359                        65                    8.85                 7/1/2007                   6/1/2037                    2322.02
661025531                                   ORLANDO                                    FL                32811       Non-owner                         Condo Low-Rise Attached                       360                   359                        85                   10.65                 7/1/2007                   6/1/2037                    1219.97
661025534                                   LOS ANGELES                                CA                90007       Non-owner                         2-4 Units Attached                            360                   359                        75                     9.5                 7/1/2007                   6/1/2037                    4193.76
661025539                                   HOLUALOA                                   HI                96725       Primary                           Condo Low-Rise Attached                       360                   359                        85                    7.25                 7/1/2007                   6/1/2037                    1590.38
661025564                                   LOS ANGELES                                CA                90044       Primary                           2-4 Units Detached                            360                   359                     91.67                    10.1                 7/1/2007                   6/1/2037                     4193.7
661025570                                   (QUARTZ HILL AREA)                         CA                93536       Primary                           Single Family Detached                        360                   359                     60.74                    7.45                 7/1/2007                   6/1/2037                    1043.62
661025573                                   CORONA                                     CA                92879       Primary                           Single Family Detached                        360                   358                     61.52                    8.21                 6/1/2007                   5/1/2037                    1519.37
661025597                                   RIALTO                                     CA                92376       Primary                           2-4 Units Attached                            360                   359                     51.79                    9.05                 7/1/2007                   6/1/2037                    1907.02
661025605                                   SYLMAR                                     CA                91342       Primary                           Single Family Detached                        360                   359                     66.11                     6.9                 7/1/2007                   6/1/2037                    2108.84
661025610                                   ONTARIO                                    CA                91762       Primary                           Single Family Detached                        360                   359                        80                     6.9                 7/1/2007                   6/1/2037                    2091.04
661025632                                   ELK GROVE                                  CA                95758       Primary                           Single Family Detached                        360                   358                     86.59                    8.55                 6/1/2007                   5/1/2037                    2565.61
661025641                                   KEIZER                                     OR                97303       Primary                           Single Family Detached                        360                   359                        80                    9.85                 7/1/2007                   6/1/2037                    1493.89
661025651                                   PORTERVILLE                                CA                93257       Non-owner                         Single Family Detached                        360                   359                        85                   10.95                 7/1/2007                   6/1/2037                     2136.6
661025654                                   PHOENIX                                    AZ                85040       Primary                           Single Family Detached                        360                   359                        90                     8.1                 7/1/2007                   6/1/2037                    1422.37
661025657                                   RIVERSIDE                                  CA                92503       Primary                           Single Family Detached                        360                   359                        90                    7.75                 7/1/2007                   6/1/2037                    2758.58
661025682                                   LAS VEGAS                                  NV                89142       Primary                           Single Family Detached                        360                   358                        85                   7.975                 6/1/2007                   5/1/2037                    1414.61
661025688                                   NATIONAL CITY                              CA                91950       Primary                           Single Family Detached                        360                   359                        70                    8.99                 7/1/2007                   6/1/2037                    2157.66
661025690                                   FONTANA                                    CA                92335       Primary                           Single Family Detached                        360                   359                        80                    7.45                 7/1/2007                   6/1/2037                    1920.39
661025745                                   BAKERSFIELD                                CA                93306       Primary                           Single Family Detached                        360                   359                        90                    7.78                 7/1/2007                   6/1/2037                    1578.97
661025768                                   RICO                                       CO                81332       Primary                           Single Family Detached                        360                   359                        85                     8.8                 7/1/2007                   6/1/2037                    2088.45
661025800                                   SAN BERNARDINO                             CA                92404       Non-owner                         Single Family Detached                        360                   359                        90                    10.1                 7/1/2007                   6/1/2037                    1911.54
661025820                                   RANCHO CUCAMONGA                           CA                91737       Primary                           Single Family Detached                        360                   359                        56                     8.3                 7/1/2007                   6/1/2037                     2311.7
661025843                                   RIVERSIDE                                  CA                92501       Primary                           Single Family Detached                        360                   359                        80                     6.7                 7/1/2007                   6/1/2037                    1792.06
661025857                                   ONTARIO                                    CA                91762       Primary                           Single Family Detached                        360                   359                        90                    8.45                 7/1/2007                   6/1/2037                    2637.53
661025864                                   BELL                                       CA                90201       Primary                           Single Family Detached                        360                   359                     56.84                    6.75                 7/1/2007                   6/1/2037                    1573.09
661026004                                   SAN BERNARDINO                             CA                92410       Primary                           Single Family Detached                        360                   359                        90                    10.3                 7/1/2007                   6/1/2037                     1498.2
671019953                                   SYRACUSE                                   UT                84075       Primary                           Single Family Detached                        360                   359                        90                      12                 7/1/2007                   6/1/2037                    2545.82
671019970                                   MONTEREY                                   CA                93940       Primary                           Condo Low-Rise Attached                       360                   358                        75                     7.1                 6/1/2007                   5/1/2037                    2404.81
671020486                                   TURLOCK                                    CA                95380       Primary                           Single Family Detached                        360                   358                     83.33                     7.4                 6/1/2007                   5/1/2037                    1765.57
671020495                                   CHANDLER                                   AZ                85225       Non-owner                         Single Family Attached                        360                   359                        70                     8.7                 7/1/2007                   6/1/2037                    1041.57
671020505                                   WEST JORDAN                                UT                84088       Primary                           Single Family Detached                        360                   358                        90                     8.8                 6/1/2007                   5/1/2037                    1871.35
671020521                                   OAKLAND                                    CA                94621       Primary                           Single Family Detached                        360                   358                        85                     7.3                 6/1/2007                   5/1/2037                    2389.68
671020582                                   GLENDALE                                   AZ                85302       Primary                           Single Family Detached                        360                   358                        80                    8.85                 6/1/2007                   5/1/2037                    1464.96
671020604                                   LAYTON                                     UT                84041       Primary                           Single Family Detached                        360                   359                        85                    8.55                 7/1/2007                   6/1/2037                    1503.28
671020624                                   LEHI                                       UT                84043       Primary                           Condo Low-Rise Attached                       360                   359                        90                    9.95                 7/1/2007                   6/1/2037                    1061.76
671020669                                   VALRICO                                    FL                33594       Primary                           Single Family Detached                        360                   359                        80                    9.65                 7/1/2007                   6/1/2037                     2300.9
671020671                                   PALMDALE                                   CA                93552       Primary                           Single Family Detached                        360                   358                     76.55                     6.7                 6/1/2007                   5/1/2037                    1794.44
671020708                                   OREM                                       UT                84057       Primary                           Single Family Detached                        360                   358                     87.79                     7.9                 6/1/2007                   5/1/2037                    1013.86
671020718                                   SAN FRANCISCO                              CA                94115       Primary                           Condo Low-Rise Attached                       360                   358                        90                    7.85                 6/1/2007                   5/1/2037                    2583.28
671020726                                   MORENO VALLEY                              CA                92557       Primary                           PUD Detached                                  360                   359                        85                    5.85                 7/1/2007                   6/1/2037                    1743.44
671020729                                   SALT LAKE CITY                             UT                84118       Primary                           Single Family Detached                        360                   359                        90                  10.175                 7/1/2007                   6/1/2037                    1202.22
671020731                                   TOQUERVILLE                                UT                84774       Primary                           Single Family Detached                        360                   359                        70                     8.7                 7/1/2007                   6/1/2037                     2000.9
671020746                                   TWAIN HARTE                                CA                95383       Primary                           Single Family Detached                        360                   359                        80                    8.15                 7/1/2007                   6/1/2037                    2753.23
671020749                                   FRESNO                                     CA                93706       Primary                           Single Family Detached                        360                   359                        90                    9.15                 7/1/2007                   6/1/2037                    1421.72
671020773                                   PACIFICA                                   CA                94044       Primary                           Single Family Detached                        360                   358                     52.13                    7.05                 6/1/2007                   5/1/2037                    1998.21
671020808                                   SURPRISE                                   AZ                85379       Primary                           PUD Detached                                  360                   359                        90                     9.7                 7/1/2007                   6/1/2037                    1969.18
671020817                                   LYNWOOD                                    CA                90262       Primary                           2-4 Units Detached                            360                   359                     47.14                     8.2                 7/1/2007                   6/1/2037                    1834.84
671020851                                   MAPLETON                                   UT                84664       Primary                           Single Family Detached                        360                   359                        85                     8.3                 7/1/2007                   6/1/2037                    1356.26
671020853                                   OGDEN                                      UT                84403       Primary                           Single Family Detached                        360                   359                        90                     8.5                 7/1/2007                   6/1/2037                    1418.65
671020864                                   PROVO                                      UT                84601       Primary                           Single Family Detached                        360                   359                        90                    9.99                 7/1/2007                   6/1/2037                    1436.25
671020868                                   ELVERTA                                    CA                95626       Primary                           Single Family Detached                        360                   358                        65                    9.65                 6/1/2007                   5/1/2037                    1865.91
671020881                                   EAGLE MOUNTAIN                             UT                84005       Primary                           PUD Detached                                  360                   358                        80                    7.45                 6/1/2007                   5/1/2037                     794.17
671020888                                   WATERFORD                                  CA                95386       Primary                           Single Family Detached                        360                   359                        90                    7.65                 7/1/2007                   6/1/2037                    2200.15
671020906                                   NORTH SALT LAKE                            UT                84054       Primary                           Single Family Detached                        360                   359                        90                    9.95                 7/1/2007                   6/1/2037                    1615.83
671020908                                   PLEASANT GROVE                             UT                84062       Primary                           Single Family Detached                        360                   359                        80                     8.6                 7/1/2007                   6/1/2037                    1611.79
671020910                                   PALMDALE                                   CA                93552       Primary                           Single Family Detached                        360                   359                        80                    8.75                 7/1/2007                   6/1/2037                    2234.23
671020926                                   WEST VALLEY CITY                           UT                84119       Primary                           Single Family Detached                        360                   359                        80                       7                 7/1/2007                   6/1/2037                    1237.07
671020950                                   KENT                                       WA                98031       Primary                           Single Family Detached                        360                   358                        90                     8.5                 6/1/2007                   5/1/2037                    2690.96
671020976                                   FREMONT                                    CA                94536       Primary                           PUD Attached                                  360                   359                        75                   6.475                 7/1/2007                   6/1/2037                     1685.5
671020994                                   STOCKTON                                   CA                95205       Primary                           Single Family Detached                        360                   359                     73.53                    8.05                 7/1/2007                   6/1/2037                    1747.67
671021060                                   PUYALLUP                                   WA                98374       Primary                           Single Family Detached                        360                   359                        84                     6.4                 7/1/2007                   6/1/2037                     1354.9
671021164                                   WEST JORDAN                                UT                84084       Primary                           Single Family Detached                        360                   359                        65                    9.05                 7/1/2007                   6/1/2037                     1365.9
831076889                                   BRADENTON                                  FL                34207       Primary                           PUD Detached                                  360                   357                     59.17                    6.88                 5/1/2007                   4/1/2037                     592.52
831076891                                   PALM HARBOR                                FL                34683       Primary                           Single Family Detached                        360                   357                     72.94                    8.99                 5/1/2007                   4/1/2037                    1495.26
831076893                                   APALACHICOLA                               FL                32320       Primary                           Single Family Detached                        360                   357                     76.92                    8.99                 5/1/2007                   4/1/2037                    1515.54
831076894                                   JUPITER                                    FL                33478       Primary                           Single Family Detached                        360                   357                      61.7                    8.85                 5/1/2007                   4/1/2037                    1515.57
831076895                                   LAKE WORTH                                 FL                33461       Primary                           Single Family Detached                        360                   357                        80                    9.49                 5/1/2007                   4/1/2037                     848.97
831077041                                   MIRAMAR                                    FL                33027       Primary                           PUD Detached                                  360                   357                     66.94                    8.45                 5/1/2007                   4/1/2037                    3099.76
831077042                                   COLTON                                     CA                92324       Primary                           Single Family Detached                        360                   357                        85                    7.91                 5/1/2007                   4/1/2037                    2356.01
831077044                                   HENDERSON                                  NV                89015       Primary                           Single Family Detached                        360                   357                     53.57                     7.8                 5/1/2007                   4/1/2037                    1990.81
831077045                                   (LAKE ARROWHEAD AREA)                      CA                92352       Primary                           Single Family Detached                        360                   357                        70                    6.75                 5/1/2007                   4/1/2037                    2701.41
831077047                                   NIXA                                       MO                65714       Primary                           Single Family Detached                        360                   357                     76.92                    7.61                 5/1/2007                   4/1/2037                     706.76
831077048                                   LOS ANGELES                                CA                90011       Primary                           2-4 Units Detached                            360                   357                        90                    8.92                 5/1/2007                   4/1/2037                       3114
831077051                                   ELMA                                       WA                98541       Primary                           Single Family Detached                        360                   357                        80                    7.89                 5/1/2007                   4/1/2037                    1731.42
831077166                                   LAKE HAVASU CITY                           AZ                86404       Primary                           Single Family Detached                        360                   357                     57.87                     7.2                 5/1/2007                   4/1/2037                     839.18
831077210                                   GARFIELD                                   NJ                07026       Primary                           2-4 Units Detached                            360                   357                     63.83                     7.9                 5/1/2007                   4/1/2037                    2180.42
831077211                                   RAHWAY                                     NJ                07065       Primary                           Single Family Detached                        360                   357                     66.43                    7.65                 5/1/2007                   4/1/2037                     1319.7
831077212                                   LAKEWOOD                                   NJ                08701       Primary                           Single Family Detached                        360                   357                        50                    8.78                 5/1/2007                   4/1/2037                    1380.48
831077213                                   FREEHOLD                                   NJ                07728       Primary                           Single Family Detached                        360                   357                        80                    8.65                 5/1/2007                   4/1/2037                    3243.01
831077214                                   TOMS RIVER (DOVER TWP)                     NJ                08755       Primary                           Single Family Detached                        360                   357                        46                   7.875                 5/1/2007                   4/1/2037                    1667.66
831077253                                   CORAL SPRINGS                              FL                33067       Primary                           PUD Detached                                  360                   356                        80                    7.95                 4/1/2007                   3/1/2037                     2517.7
831077259                                   SPRINGVILLE                                CA                93265       Primary                           Single Family Detached                        360                   356                     69.81                    9.25                 4/1/2007                   3/1/2037                    1170.18
831077314                                   SUNRISE                                    FL                33322       Primary                           Single Family Detached                        360                   356                     74.07                     6.7                 4/1/2007                   3/1/2037                    1157.66
831077326                                   MILFORD                                    CT                06460       Primary                           Single Family Detached                        360                   357                     74.14                    7.25                 5/1/2007                   4/1/2037                    1334.92
831077331                                   SALISBURY                                  MD                21801       Primary                           Single Family Detached                        360                   356                     72.56                    8.45                 4/1/2007                   3/1/2037                     1137.7
831077334                                   FORT LAUDERDALE                            FL                33309       Primary                           Single Family Detached                        360                   356                        85                    8.35                 4/1/2007                   3/1/2037                    1682.33
831077559                                   STATEN ISLAND                              NY                10310       Primary                           2-4 Units Detached                            360                   358                        85                    8.99                 6/1/2007                   5/1/2037                    3027.29
831077560                                   TAMARAC                                    FL                33321       Primary                           Condo Low-Rise Attached                       360                   358                     68.72                   8.375                 6/1/2007                   5/1/2037                    1105.79
831077564                                   NEW WINDSOR                                NY                12553       Primary                           Single Family Detached                        360                   357                        80                    8.75                 5/1/2007                   4/1/2037                    1772.67
831077570                                   COACHELLA                                  CA                92236       Primary                           Single Family Detached                        360                   357                        72                    8.75                 5/1/2007                   4/1/2037                    1642.63
831077579                                   HESPERIA                                   CA                92345       Primary                           Single Family Detached                        360                   358                     78.75                     9.3                 6/1/2007                   5/1/2037                    2082.28
831077594                                   (BIG BEAR LAKE AREA)                       CA                92314       Primary                           Single Family Attached                        360                   357                     83.59                    7.99                 5/1/2007                   4/1/2037                    1875.32
831077605                                   ZEPHYR HILLS                               FL                33542       Primary                           Single Family Detached                        360                   356                        90                    7.55                 4/1/2007                   3/1/2037                     982.73
831077607                                   WALDEN                                     NY                12586       Primary                           Single Family Detached                        360                   356                     87.81                    8.85                 4/1/2007                   3/1/2037                    1888.19
831077609                                   BROOMES ISLAND                             MD                20615       Primary                           Single Family Detached                        360                   356                        75                    7.65                 4/1/2007                   3/1/2037                    1383.55
831077613                                   NORTH LAUDERDALE                           FL                33068       Primary                           Single Family Detached                        360                   357                        80                    8.32                 5/1/2007                   4/1/2037                    1905.61
831077614                                   CENTER HILL                                FL                33514       Primary                           Single Family Detached                        360                   357                        60                    8.15                 5/1/2007                   4/1/2037                     803.79
831077615                                   POMPANO BEACH                              FL                33064       Primary                           Condo Low-Rise Attached                       360                   357                        65                   7.885                 5/1/2007                   4/1/2037                    1115.88
831077618                                   FT LAUDERDALE                              FL                33304       Primary                           Single Family Detached                        360                   357                     89.87                     6.6                 5/1/2007                   4/1/2037                    1262.23
831077624                                   ORLANDO                                    FL                32804       Primary                           Single Family Detached                        360                   358                        80                    8.84                 6/1/2007                   5/1/2037                       1618
831077628                                   SAN DIEGO                                  CA                92102       Primary                           Single Family Detached                        360                   357                      64.4                    7.32                 5/1/2007                   4/1/2037                    2211.92
831077684                                   RIVERSIDE (AREA)                           CA                92509       Primary                           Single Family Detached                        360                   357                     58.92                     7.4                 5/1/2007                   4/1/2037                    1079.17
831077686                                   JAMAICA                                    NY                11434       Primary                           Single Family Detached                        360                   357                     62.92                   11.25                 5/1/2007                   4/1/2037                    2719.53
831077693                                   SAN BERNARDINO                             CA                92411       Primary                           Single Family Detached                        360                   358                     68.06                   7.625                 6/1/2007                   5/1/2037                    1592.38
831077702                                   BAKERSFIELD                                CA                93309       Non-owner                         Single Family Detached                        360                   358                     39.98                     8.7                 6/1/2007                   5/1/2037                     845.45
831077713                                   LYNN                                       MA                01902       Primary                           2-4 Units Detached                            360                   356                        75                    8.25                 4/1/2007                   3/1/2037                    2018.24
831077715                                   MIDDLETOWN                                 CT                06457       Primary                           Single Family Detached                        360                   356                     67.87                       7                 4/1/2007                   3/1/2037                     1245.5
831077716                                   BROOKLYN                                   NY                11228       Primary                           Single Family Detached                        360                   356                     36.76                    7.05                 4/1/2007                   3/1/2037                     1513.8
831077717                                   BATTLE GROUND                              WA                98604       Primary                           Single Family Attached                        360                   356                      88.5                     7.9                 4/1/2007                   3/1/2037                    1138.34
831077719                                   SAN DIEGO                                  CA                92128       Primary                           PUD Detached                                  360                   356                     35.37                     8.3                 4/1/2007                   3/1/2037                    1962.44
831077807                                   SANTA ROSA                                 CA                95403       Non-owner                         Single Family Detached                        360                   358                     66.35                    9.72                 6/1/2007                   5/1/2037                    2956.48
831077808                                   WOODLAND                                   CA                95695       Primary                           Single Family Detached                        360                   358                     29.94                       8                 6/1/2007                   5/1/2037                     733.76
831077809                                   SOUTH DAYTONA                              FL                32119       Primary                           Single Family Attached                        360                   358                        70                    8.85                 6/1/2007                   5/1/2037                      916.9
831077810                                   LAKELAND                                   FL                33805       Primary                           Single Family Detached                        360                   358                        80                    9.81                 6/1/2007                   5/1/2037                    1236.62
831077811                                   WOOLWICH                                   ME                04579       Primary                           Single Family Detached                        360                   357                     74.45                    9.85                 5/1/2007                   4/1/2037                     883.84
831077812                                   MANAHAWKIN (STAFFORD TWP)                  NJ                08050       Primary                           Single Family Detached                        360                   358                     34.13                    8.75                 6/1/2007                   5/1/2037                    1691.41
831077814                                   LAUDERDALE LAKES                           FL                33319       Primary                           Single Family Detached                        360                   358                     74.81                    7.35                 6/1/2007                   5/1/2037                    1306.97
831077815                                   LAKE WORTH                                 FL                33461       Primary                           Single Family Detached                        360                   358                        80                    8.95                 6/1/2007                   5/1/2037                     1651.7
831077820                                   RIVERSIDE                                  CA                92509       Primary                           Single Family Detached                        360                   357                        80                    7.99                 5/1/2007                   4/1/2037                    2167.03
831077821                                   LOS ANGELES                                CA                90011       Primary                           2-4 Units Detached                            360                   356                        90                     7.7                 4/1/2007                   3/1/2037                    3724.49
831077822                                   RIVERVIEW                                  FL                33569       Primary                           Single Family Detached                        360                   358                     50.23                     8.5                 6/1/2007                   5/1/2037                    1362.46
831077823                                   PHOENIX                                    AZ                85041       Primary                           Single Family Detached                        360                   357                     56.12                    7.35                 5/1/2007                   4/1/2037                    2668.93
831077827                                   MIAMI GARDENS                              FL                33056       Primary                           Single Family Detached                        360                   358                     79.68                    9.99                 6/1/2007                   5/1/2037                    1696.72
831077829                                   KISSIMMEE                                  FL                34759       Primary                           PUD Detached                                  360                   357                        70                     8.9                 5/1/2007                   4/1/2037                    1069.14
831077832                                   WEST PALM BEACH                            FL                33409       Non-owner                         Single Family Detached                        360                   358                        80                    10.5                 6/1/2007                   5/1/2037                    1573.35
831077867                                   BRONX                                      NY                10473       Primary                           Condo Low-Rise Attached                       360                   356                        90                    7.55                 4/1/2007                   3/1/2037                    1727.22
831077873                                   BELLEVILLE                                 NJ                07109       Primary                           Single Family Detached                        360                   355                     67.27                     8.5                 3/1/2007                   2/1/2037                    1329.67
831077877                                   NEW BRUNSWICK                              NJ                08901       Primary                           Single Family Detached                        360                   356                     51.85                       7                 4/1/2007                   3/1/2037                     842.36
831077889                                   FRESNO                                     CA                93722       Primary                           Single Family Detached                        360                   356                     68.09                    7.84                 4/1/2007                   3/1/2037                    1093.33
831077893                                   FORT LAUDERDALE                            FL                33311       Primary                           Single Family Detached                        360                   358                     57.08                   7.875                 6/1/2007                   5/1/2037                     939.75
831077894                                   LAKE WORTH                                 FL                33463       Primary                           PUD Detached                                  360                   358                      53.1                    7.15                 6/1/2007                   5/1/2037                     973.83
831077897                                   LOXAHATCHEE                                FL                33470       Primary                           Single Family Detached                        360                   358                        80                    9.99                 6/1/2007                   5/1/2037                    2469.17
831077901                                   FORT LEE                                   NJ                07024       Primary                           2-4 Units Detached                            360                   358                     53.23                     9.5                 6/1/2007                   5/1/2037                    2909.36
831077902                                   EDGEWATER                                  FL                32132       Primary                           Single Family Detached                        360                   357                        80                    7.65                 5/1/2007                   4/1/2037                      879.8
831077906                                   TOMS RIVER                                 NJ                08755       Primary                           Condo Low-Rise Attached                       360                   355                        80                    8.15                 3/1/2007                   2/1/2037                    1518.27
831077907                                   TOWNSHIP OF EASTAMPTON                     NJ                08060       Primary                           Single Family Detached                        360                   358                     71.19                    9.85                 6/1/2007                   5/1/2037                    1819.67
831077912                                   LAKE WORTH                                 FL                33461       Primary                           Single Family Detached                        360                   358                     58.33                     8.3                 6/1/2007                   5/1/2037                    1320.87
831077920                                   ST CLOUD                                   FL                34772       Primary                           Single Family Detached                        360                   358                        85                    9.55                 6/1/2007                   5/1/2037                    2421.51
831077922                                   ST PETERSBURG                              FL                33710       Primary                           Single Family Detached                        360                   358                        80                    9.21                 6/1/2007                   5/1/2037                    1302.66
831077924                                   DETROIT                                    MI                48224       Non-owner                         Single Family Detached                        360                   358                        85                   11.49                 6/1/2007                   5/1/2037                     714.93
831077929                                   ELMONT                                     NY                11003       Primary                           Single Family Detached                        360                   358                        80                    9.99                 6/1/2007                   5/1/2037                    3331.96
831077931                                   ELMONT                                     NY                11003       Primary                           Single Family Detached                        360                   358                        75                    8.95                 6/1/2007                   5/1/2037                    2688.16
831077932                                   WURTSBORO                                  NY                12790       Primary                           Single Family Detached                        360                   358                        90                   10.25                 6/1/2007                   5/1/2037                    1935.58
831077933                                   SHIRLEY                                    NY                11967       Primary                           Single Family Detached                        360                   358                        80                     8.5                 6/1/2007                   5/1/2037                    2245.23
831077937                                   BRIDGEPORT                                 CT                06608       Primary                           2-4 Units Detached                            360                   358                        65                    8.49                 6/1/2007                   5/1/2037                       1820
831077954                                   GARDENA                                    CA                90249       Primary                           Single Family Detached                        360                   358                        70                    7.25                 6/1/2007                   5/1/2037                    2433.91
831077955                                   PINELLAS PARK                              FL                33781       Non-owner                         Single Family Detached                        360                   358                        65                    8.75                 6/1/2007                   5/1/2037                     961.35
831077958                                   FORT BRAGG                                 CA                95437       Primary                           Single Family Detached                        360                   358                     18.18                    7.75                 6/1/2007                   5/1/2037                     716.41
831077966                                   IMPERIAL BEACH                             CA                91932       Primary                           2-4 Units Detached                            360                   358                        75                    8.45                 6/1/2007                   5/1/2037                    3430.93
831077968                                   LONG BEACH                                 CA                90806       Primary                           Single Family Detached                        360                   358                     70.39                     8.1                 6/1/2007                   5/1/2037                    2163.74
831077974                                   TUCSON                                     AZ                85746       Primary                           Single Family Detached                        360                   358                     86.22                     9.7                 6/1/2007                   5/1/2037                    3161.49
831077977                                   MATTESON                                   IL                60443       Primary                           Single Family Detached                        360                   358                        80                     8.8                 6/1/2007                   5/1/2037                    1149.12
831077981                                   MOYOCK                                     NC                27958       Primary                           Single Family Detached                        360                   357                     64.66                     7.5                 5/1/2007                   4/1/2037                    2031.79
831077982                                   LAS VEGAS                                  NV                89142       Primary                           PUD Detached                                  360                   358                        85                    9.65                 6/1/2007                   5/1/2037                    2099.74
831077983                                   MIAMI GARDENS                              FL                33169       Non-owner                         Single Family Detached                        360                   358                        85                    11.5                 6/1/2007                   5/1/2037                    1893.93
831077984                                   FARIBAULT                                  MN                55021       Primary                           Single Family Detached                        360                   358                        90                   10.27                 6/1/2007                   5/1/2037                    1216.61
831077985                                   RACINE                                     WI                53402       Primary                           Single Family Detached                        360                   358                        65                    9.45                 6/1/2007                   5/1/2037                     609.49
831077986                                   PALMDALE                                   CA                93552       Primary                           Single Family Detached                        360                   358                        90                    6.99                 6/1/2007                   5/1/2037                    2569.72
831077987                                   FORT LAUDERDALE                            FL                33312       Primary                           Single Family Detached                        360                   358                     59.62                    8.11                 6/1/2007                   5/1/2037                    1090.55
831077988                                   HOLLYWOOD                                  FL                33023       Primary                           Single Family Detached                        360                   358                        75                    8.52                 6/1/2007                   5/1/2037                    1646.58
831077989                                   BELLFLOWER                                 CA                90706       Primary                           Single Family Detached                        360                   358                     54.56                    6.84                 6/1/2007                   5/1/2037                    2035.78
831077990                                   LANCASTER                                  CA                93535       Primary                           Single Family Detached                        360                   356                     89.93                    7.25                 4/1/2007                   3/1/2037                    2157.29
831077991                                   ABERDEEN                                   MD                21001       Primary                           PUD Attached                                  360                   357                        90                    6.99                 5/1/2007                   4/1/2037                    1189.83
831077995                                   TOMS RIVER                                 NJ                08753       Primary                           Single Family Detached                        360                   358                        80                     8.3                 6/1/2007                   5/1/2037                    1811.49
831077996                                   HOLLYWOOD                                  FL                33020       Primary                           Condo Low-Rise Attached                       360                   356                     73.67                    7.55                 4/1/2007                   3/1/2037                     731.25
831077997                                   GAINESVILLE                                FL                32605       Primary                           PUD Detached                                  360                   356                        90                    8.95                 4/1/2007                   3/1/2037                    2037.75
831077998                                   FORT MYERS                                 FL                33913       Primary                           PUD Detached                                  360                   356                        80                     8.1                 4/1/2007                   3/1/2037                    2143.86
831078009                                   DOVER                                      FL                33527       Non-owner                         Single Family Detached                        360                   357                        80                   10.35                 5/1/2007                   4/1/2037                     975.83
831078013                                   TAMPA                                      FL                33612       Primary                           Single Family Detached                        360                   358                        75                     8.3                 6/1/2007                   5/1/2037                     843.49
831078016                                   DEERFIELD BEACH                            FL                33064       Non-owner                         Single Family Detached                        360                   357                        85                     8.8                 5/1/2007                   4/1/2037                     1551.7
831078067                                   MIDDLETOWN                                 NY                10940       Primary                           Single Family Detached                        360                   356                        90                    7.99                 4/1/2007                   3/1/2037                    1531.51
831078068                                   ASHLAND                                    MA                01721       Primary                           Single Family Detached                        360                   356                        80                    6.99                 4/1/2007                   3/1/2037                    2679.79
831078075                                   BELL BUCKLE                                TN                37020       Primary                           Single Family Detached                        360                   358                     52.91                    11.8                 6/1/2007                   5/1/2037                    1013.24
831078077                                   LAS VEGAS                                  NV                89108       Primary                           Single Family Detached                        360                   358                     68.54                     8.5                 6/1/2007                   5/1/2037                    1341.56
831078078                                   PINON HILL (AREA)                          CA                92372       Primary                           Single Family Detached                        360                   358                        80                    9.99                 6/1/2007                   5/1/2037                     2630.5
831078082                                   LOS ANGELES (AREA)                         CA                90002       Primary                           2-4 Units Detached                            360                   358                        90                    9.99                 6/1/2007                   5/1/2037                    3970.33
831078084                                   RIO RICO                                   AZ                85648       Primary                           Single Family Detached                        360                   358                     79.81                    8.39                 6/1/2007                   5/1/2037                    1178.64
831078088                                   PHOENIX                                    AZ                85031       Primary                           Single Family Detached                        360                   358                     89.33                    8.99                 6/1/2007                   5/1/2037                    1615.85
831078101                                   LUMBERTON                                  NC                28358       Primary                           Single Family Detached                        360                   356                        72                     8.9                 4/1/2007                   3/1/2037                    1374.61
831078108                                   RISON                                      AR                71665       Primary                           Single Family Detached                        360                   356                        65                    8.95                 4/1/2007                   3/1/2037                     922.94
831078112                                   JOELTON                                    TN                37080       Primary                           Single Family Detached                        360                   356                     75.68                    8.55                 4/1/2007                   3/1/2037                    1226.94
831078113                                   LAVACA                                     AR                72941       Primary                           Single Family Detached                        360                   356                        90                     6.9                 4/1/2007                   3/1/2037                    1525.63
831078114                                   CHATTANOOGA                                TN                37405       Primary                           Single Family Detached                        360                   356                     69.34                    7.95                 4/1/2007                   3/1/2037                     1016.6
831078120                                   TEMPE                                      AZ                85283       Primary                           Condo Low-Rise Attached                       360                   356                     40.69                  11.475                 4/1/2007                   3/1/2037                    1140.21
831078125                                   BALTIMORE                                  MD                21206       Primary                           Single Family Attached                        360                   356                        65                   10.75                 4/1/2007                   3/1/2037                     838.46
831078142                                   LAKE CITY                                  FL                32025       Primary                           Single Family Detached                        360                   358                        80                    9.99                 6/1/2007                   5/1/2037                    1425.25
831078163                                   VICTORY GARDENS                            NJ                07801       Non-owner                         Single Family Detached                        360                   358                     69.81                   10.75                 6/1/2007                   5/1/2037                    1726.95
831078179                                   OCEANSIDE                                  CA                92054       Primary                           Single Family Detached                        360                   358                        90                       8                 6/1/2007                   5/1/2037                    2753.43
831078180                                   TUCSON                                     AZ                85714       Primary                           Single Family Detached                        360                   357                     55.71                   8.125                 5/1/2007                   4/1/2037                     549.67
831078200                                   MIAMI GARDENS                              FL                33055       Primary                           Single Family Detached                        360                   358                        45                     8.5                 6/1/2007                   5/1/2037                     979.78
831078203                                   ONTARIO                                    CA                91762       Primary                           Single Family Detached                        360                   358                     79.14                    8.25                 6/1/2007                   5/1/2037                    2199.71
831078210                                   REISTERSTOWN                               MD                21136       Primary                           Single Family Detached                        360                   356                        85                    7.75                 4/1/2007                   3/1/2037                    1524.09
951003760                                   WATERFORD                                  MI                48327       Primary                           Single Family Detached                        360                   358                        65                    12.4                 6/1/2007                   5/1/2037                    1267.17
951003820                                   KEEGO HARBOR                               MI                48320       Non-owner                         2-4 Units Attached                            360                   359                        75                   8.625                 7/1/2007                   6/1/2037                    1225.02
951003869                                   PONTIAC                                    MI                48340       Primary                           Single Family Detached                        360                   358                        90                   10.65                 6/1/2007                   5/1/2037                     708.37
951003945                                   BLOOMFIELD TOWNSHIP                        MI                48301       Primary                           Single Family Detached                        360                   359                     89.49                    9.75                 7/1/2007                   6/1/2037                    2690.87
951004179                                   HAHNVILLE                                  LA                70057       Primary                           Single Family Detached                        360                   359                     59.68                     7.7                 7/1/2007                   6/1/2037                    1604.16
951004230                                   ELLENWOOD                                  GA                30294       Primary                           Single Family Detached                        360                   357                        90                  10.625                 5/1/2007                   4/1/2037                    1488.72
951004289                                   MELVINDALE                                 MI                48122       Primary                           Single Family Detached                        360                   359                        80                  11.215                 7/1/2007                   6/1/2037                     976.35
951004454                                   DETROIT                                    MI                48224       Primary                           Single Family Detached                        360                   359                        90                   10.55                 7/1/2007                   6/1/2037                     867.96
951004493                                   EASTPOINTE                                 MI                48021       Non-owner                         Single Family Detached                        360                   359                        90                    9.85                 7/1/2007                   6/1/2037                     967.02
951004548                                   CLEARWATER                                 FL                33760       Non-owner                         Single Family Detached                        360                   358                     53.07                    7.75                 6/1/2007                   5/1/2037                     866.86
951004573                                   DENHAM SPRINGS                             LA                70726       Primary                           Single Family Detached                        360                   359                     77.55                    9.25                 7/1/2007                   6/1/2037                    3126.13
951004618                                   FARMINGTON HILLS                           MI                48336       Primary                           Single Family Detached                        360                   358                     67.71                    9.15                 6/1/2007                   5/1/2037                      966.3
951004631                                   PLAINFIELD                                 NJ                07062       Primary                           Single Family Detached                        360                   358                        80                     9.8                 6/1/2007                   5/1/2037                    1691.14
951004662                                   BRONX                                      NY                10467       Primary                           2-4 Units Attached                            360                   359                     78.95                     7.6                 7/1/2007                   6/1/2037                    2647.78
951004683                                   CLERMONT                                   FL                34711       Second Home                       PUD Detached                                  360                   359                        85                    9.12                 7/1/2007                   6/1/2037                    1880.28
951004684                                   LANCASTER                                  PA                17601       Primary                           Single Family Detached                        360                   358                     76.68                   7.625                 6/1/2007                   5/1/2037                    1047.53
951004692                                   MONCLOVA                                   OH                43542       Primary                           Single Family Detached                        360                   359                        65                  11.825                 7/1/2007                   6/1/2037                    1101.96
951004737                                   MIDLOTHIAN                                 VA                23112       Primary                           Single Family Detached                        360                   358                        83                     9.5                 6/1/2007                   5/1/2037                     1570.3
951004740                                   JUPITER                                    FL                33478       Primary                           Single Family Detached                        360                   359                        85                     7.9                 7/1/2007                   6/1/2037                    2656.47
951004763                                   DETROIT                                    MI                48223       Primary                           Single Family Detached                        360                   358                     89.55                     9.6                 6/1/2007                   5/1/2037                    1017.79
951004783                                   GARFIELD                                   NJ                07026       Primary                           Single Family Detached                        360                   359                     54.06                   7.825                 7/1/2007                   6/1/2037                    1248.37
951004791                                   DENHAM SPRINGS                             LA                70726       Primary                           Single Family Detached                        360                   359                        85                     8.7                 7/1/2007                   6/1/2037                    2403.04
951004819                                   JEFFERSON                                  LA                70121       Primary                           Single Family Detached                        360                   359                        80                   9.625                 7/1/2007                   6/1/2037                       1230
951004844                                   PASSAIC                                    NJ                07055       Primary                           2-4 Units Detached                            360                   358                     78.26                    8.95                 6/1/2007                   5/1/2037                    2763.02
951004845                                   NORTHVALE                                  NJ                07647       Primary                           Single Family Detached                        360                   359                     42.33                    8.75                 7/1/2007                   6/1/2037                    1998.22
951004851                                   ATHENS                                     GA                30605       Primary                           Single Family Detached                        360                   358                     75.17                     8.3                 6/1/2007                   5/1/2037                     834.04
951004854                                   WESTLAND                                   MI                48186       Non-owner                         2-4 Units Attached                            360                   359                        90                      12                 7/1/2007                   6/1/2037                    1050.73
951004858                                   MURRIETA                                   CA                92562       Primary                           Single Family Detached                        360                   359                     58.96                    8.65                 7/1/2007                   6/1/2037                    3102.69
951004864                                   OOLTEWAH                                   TN                37363       Primary                           Single Family Detached                        360                   358                        90                  12.215                 6/1/2007                   5/1/2037                    2088.29
951004867                                   CALDWELL                                   NJ                07006       Primary                           Single Family Detached                        360                   359                        75                    8.45                 7/1/2007                   6/1/2037                    2841.45
951004925                                   CHESNEE                                    SC                29323       Primary                           Single Family Detached                        360                   358                        90                  10.875                 6/1/2007                   5/1/2037                    1196.53
951004927                                   COLLEGE PARK                               GA                30349       Non-owner                         Single Family Detached                        360                   359                        85                  10.225                 7/1/2007                   6/1/2037                    1124.96
951004930                                   EDISON                                     NJ                08817       Primary                           Single Family Detached                        360                   359                     78.73                    9.37                 7/1/2007                   6/1/2037                    2061.84
951004941                                   JACKSONVILLE                               FL                32217       Primary                           Single Family Detached                        360                   358                        85                    11.3                 6/1/2007                   5/1/2037                    1649.31
951004943                                   NEW ORLEANS                                LA                70117       Non-owner                         Single Family Detached                        360                   359                        90                   9.975                 7/1/2007                   6/1/2037                    1122.19
951004955                                   ROCKAWAY BEACH                             NY                11693       Primary                           2-4 Units Detached                            360                   358                        80                     9.9                 6/1/2007                   5/1/2037                    3722.91
951004973                                   COVINGTON                                  GA                30016       Primary                           Single Family Detached                        360                   358                        90                    9.45                 6/1/2007                   5/1/2037                    3272.26
951004981                                   NEW ORLEANS                                LA                70122       Non-owner                         2-4 Units Detached                            360                   359                     65.79                  10.925                 7/1/2007                   6/1/2037                    1183.33
951004992                                   WHITE LAKE                                 MI                48383       Primary                           Single Family Detached                        360                   359                        75                    8.95                 7/1/2007                   6/1/2037                    1663.83
951005003                                   NEW ORLEANS                                LA                70118       Non-owner                         2-4 Units Detached                            360                   359                     66.86                     9.4                 7/1/2007                   6/1/2037                     975.32
951005007                                   HAMMOND                                    LA                70401       Primary                           Single Family Detached                        360                   359                        90                      12                 7/1/2007                   6/1/2037                    3425.28
951005030                                   NEW ORLEANS                                LA                70119       Non-owner                         Single Family Detached                        360                   359                        85                   9.475                 7/1/2007                   6/1/2037                    1174.51
951005035                                   CHESTNUT RIDGE                             NY                10977       Primary                           Single Family Detached                        360                   358                        65                     8.3                 6/1/2007                   5/1/2037                    2379.46
951005041                                   DIAMONDHEAD                                MS                39525       Primary                           Single Family Detached                        360                   358                        80                  10.325                 6/1/2007                   5/1/2037                    1154.15
951005048                                   LAKE WORTH                                 FL                33461       Primary                           Single Family Detached                        360                   358                        75                    9.95                 6/1/2007                   5/1/2037                    1356.58
951005059                                   BROOKLYN                                   NY                11236       Primary                           2-4 Units Attached                            360                   359                      52.5                    6.75                 7/1/2007                   6/1/2037                    2043.08
951005102                                   MARLTON                                    NJ                08053       Primary                           Single Family Detached                        360                   358                        80                    6.75                 6/1/2007                   5/1/2037                    1286.82
951005110                                   KILL DEVIL HILLS                           NC                27948       Primary                           Single Family Detached                        360                   359                        70                    6.55                 7/1/2007                   6/1/2037                    1642.96
951005153                                   ROSEDALE                                   NY                11422       Primary                           Single Family Detached                        180                   179                     41.33                    7.75                 7/1/2007                   6/1/2022                    1750.77
951005171                                   NORTH PLAINFIELD                           NJ                07060       Primary                           Single Family Detached                        360                   359                     78.13                     8.9                 7/1/2007                   6/1/2037                    2192.95
951005187                                   BRONX                                      NY                10469       Non-owner                         Single Family Detached                        360                   359                        75                   10.85                 7/1/2007                   6/1/2037                    2491.31
951005198                                   GRETNA                                     LA                70056       Primary                           Single Family Detached                        360                   359                        80                    10.2                 7/1/2007                   6/1/2037                     999.47
951005202                                   GLASSBORO                                  NJ                08028       Primary                           Single Family Detached                        360                   359                     52.73                    9.35                 7/1/2007                   6/1/2037                     1203.4
951005206                                   SAYREVILLE                                 NJ                08872       Primary                           Single Family Detached                        360                   359                     74.79                    10.9                 7/1/2007                   6/1/2037                    3221.15
951005207                                   MACOMB                                     MI                48044       Non-owner                         Single Family Detached                        360                   359                        85                      12                 7/1/2007                   6/1/2037                    3409.85
951005224                                   HARDYSTON                                  NJ                07419       Non-owner                         PUD Detached                                  360                   359                        90                   10.55                 7/1/2007                   6/1/2037                    2479.89
951005251                                   ELMONT                                     NY                11003       Primary                           Single Family Detached                        360                   359                        50                    9.99                 7/1/2007                   6/1/2037                    2192.08
951005265                                   SECAUCUS                                   NJ                07094       Primary                           Single Family Detached                        360                   359                        65                    7.25                 7/1/2007                   6/1/2037                    1840.17
951005279                                   MARIETTA                                   GA                30068       Non-owner                         Single Family Detached                        360                   359                        85                    10.3                 7/1/2007                   6/1/2037                    2026.85
951005300                                   MEBANE                                     NC                27302       Primary                           Single Family Detached                        360                   359                     78.46                   7.175                 7/1/2007                   6/1/2037                     941.13
951005310                                   OXFORD                                     PA                19363       Primary                           Single Family Detached                        360                   359                        85                       8                 7/1/2007                   6/1/2037                    1933.47
951005464                                   HARPER WOODS                               MI                48225       Primary                           Single Family Detached                        360                   359                        80                    11.8                 7/1/2007                   6/1/2037                    1191.57
951005474                                   SLIDELL                                    LA                70460       Primary                           Single Family Detached                        360                   359                        90                   8.725                 7/1/2007                   6/1/2037                    1342.21
951005523                                   NEW ORLEANS                                LA                70122       Non-owner                         2-4 Units Detached                            360                   359                        85                  10.825                 7/1/2007                   6/1/2037                    1334.68
951006201                                   PATERSON                                   NJ                07501       Primary                           2-4 Units Detached                            360                   359                     83.15                    6.95                 7/1/2007                   6/1/2037                    2215.31
961077142                                   ORLANDO                                    FL                32835       Primary                           Single Family Attached                        360                   357                        75                    7.46                 5/1/2007                   4/1/2037                     759.99
961077678                                   TAMPA                                      FL                33604       Primary                           Single Family Detached                        360                   357                        85                   8.615                 5/1/2007                   4/1/2037                     945.86
961077682                                   MIAMI                                      FL                33147       Primary                           Single Family Detached                        360                   358                     58.93                    8.49                 6/1/2007                   5/1/2037                      933.9
961077687                                   LA QUINTA                                  CA                92253       Second Home                       PUD Detached                                  360                   356                     78.82                     8.5                 4/1/2007                   3/1/2037                    2455.87
961077801                                   ORLANDO                                    FL                32835       Primary                           Single Family Detached                        360                   358                     74.03                    7.36                 6/1/2007                   5/1/2037                    1606.42
961077817                                   SACRAMENTO                                 CA                95819       Non-owner                         2-4 Units Detached                            360                   357                        80                   11.75                 5/1/2007                   4/1/2037                    3553.12
961077826                                   NAPLES                                     FL                34113       Primary                           PUD Attached                                  360                   356                     82.11                     9.1                 4/1/2007                   3/1/2037                    2391.71
961077859                                   RIALTO                                     CA                92376       Primary                           Single Family Detached                        360                   358                      67.9                    8.25                 6/1/2007                   5/1/2037                    1963.88
961077860                                   BAKERSFIELD                                CA                93304       Primary                           Single Family Detached                        360                   358                      67.5                   6.725                 6/1/2007                   5/1/2037                    1048.04
961077891                                   MIDDLEBURG                                 FL                32068       Primary                           PUD Detached                                  360                   358                        75                    7.61                 6/1/2007                   5/1/2037                    1260.41
961077892                                   MODESTO                                    CA                95355       Non-owner                         Single Family Detached                        360                   358                        70                    9.65                 6/1/2007                   5/1/2037                    2414.91
961077908                                   FORT LAUDERDALE                            FL                33311       Primary                           Single Family Detached                        360                   358                        80                    8.59                 6/1/2007                   5/1/2037                    1225.35
961077909                                   POMPANO BEACH                              FL                33069       Non-owner                         Single Family Detached                        360                   358                        75                     7.8                 6/1/2007                   5/1/2037                     944.83
961077926                                   RICHMOND                                   VA                23236       Primary                           Single Family Detached                        360                   358                        80                   9.458                 6/1/2007                   5/1/2037                    1742.68
961077927                                   BAKERSFIELD                                CA                93307       Primary                           Single Family Detached                        360                   358                     67.08                    7.94                 6/1/2007                   5/1/2037                     995.89
961077938                                   ST PETERSBURG                              FL                33705       Primary                           PUD Detached                                  360                   356                     38.88                   6.325                 4/1/2007                   3/1/2037                    1862.36
961077939                                   BRISTOL TWP.                               PA                19057       Primary                           Single Family Detached                        360                   357                     64.98                   12.13                 5/1/2007                   4/1/2037                    1396.96
961077948                                   CALDWELL                                   ID                83605       Primary                           Single Family Detached                        360                   356                        90                     8.9                 4/1/2007                   3/1/2037                    1305.88
961077949                                   KEAAU                                      HI                96749       Primary                           Single Family Detached                        360                   356                     43.93                   6.825                 4/1/2007                   3/1/2037                     686.27
961077950                                   WARNER ROBINS                              GA                31088       Primary                           Single Family Detached                        360                   357                        90                   8.963                 5/1/2007                   4/1/2037                    1468.91
961077951                                   MONTGOMERY VILLAGE                         MD                20886       Primary                           Condo Low-Rise Attached                       360                   356                     89.29                    7.75                 4/1/2007                   3/1/2037                    1522.39
961077960                                   APOPKA                                     FL                32712       Primary                           PUD Detached                                  360                   356                        85                    9.05                 4/1/2007                   3/1/2037                     1910.9
961077961                                   SEATTLE                                    WA                98106       Primary                           Single Family Detached                        360                   356                        80                   9.125                 4/1/2007                   3/1/2037                    1924.38
961077962                                   TAMPA                                      FL                33619       Non-owner                         Single Family Detached                        360                   358                     63.64                   10.99                 6/1/2007                   5/1/2037                     799.32
961077964                                   LA GRANGE                                  CA                95329       Primary                           PUD Detached                                  360                   357                     79.69                    8.99                 5/1/2007                   4/1/2037                    3144.01
961077965                                   LOS ANGELES                                CA                90003       Primary                           Single Family Detached                        360                   358                     72.37                     6.5                 6/1/2007                   5/1/2037                    1550.22
961077978                                   KISSIMMEE                                  FL                34744       Primary                           Single Family Detached                        360                   358                     73.78                     8.5                 6/1/2007                   5/1/2037                    1049.57
961077979                                   FLANTATION                                 FL                33322       Second Home                       Condo Low-Rise Attached                       360                   356                        78                    7.75                 4/1/2007                   3/1/2037                    1319.41
961077980                                   KENT                                       WA                98031       Primary                           Single Family Attached                        360                   357                      30.3                     8.9                 5/1/2007                   4/1/2037                     797.44
961077999                                   HEMET (UNINCORPORATED AREA)                CA                92544       Primary                           Single Family Detached                        360                   358                        75                    8.94                 6/1/2007                   5/1/2037                    1938.75
961078000                                   GLENDALE                                   NY                11385       Primary                           Single Family Detached                        360                   357                        70                    8.95                 5/1/2007                   4/1/2037                    3252.17
961078001                                   BROOKSVILLE                                FL                34601       Primary                           Single Family Detached                        360                   358                        75                    9.25                 6/1/2007                   5/1/2037                     863.81
961078002                                   YALAHA                                     FL                34797       Primary                           Single Family Detached                        360                   358                     57.23                   6.762                 6/1/2007                   5/1/2037                    1542.32
961078010                                   ORLANDO                                    FL                32837       Primary                           Single Family Detached                        360                   358                     69.78                    8.96                 6/1/2007                   5/1/2037                    1499.27
961078011                                   MORENO VALLEY                              CA                92553       Primary                           Single Family Detached                        360                   358                     64.43                     9.2                 6/1/2007                   5/1/2037                    2047.64
961078072                                   PICO RIVERA                                CA                90660       Primary                           Single Family Detached                        360                   357                     37.19                    6.94                 5/1/2007                   4/1/2037                    1401.91
961078096                                   HOLLIS                                     NY                11412       Primary                           Single Family Detached                        360                   358                     39.53                    8.25                 6/1/2007                   5/1/2037                    1277.15
961078161                                   MODESTO                                    CA                95350       Primary                           Single Family Detached                        360                   358                        75                    9.32                 6/1/2007                   5/1/2037                    1206.07
961078164                                   ORLANDO                                    FL                32808       Primary                           Single Family Detached                        360                   358                        80                    9.49                 6/1/2007                   5/1/2037                    1294.85
961078213                                   HAMPTON                                    VA                23666       Primary                           PUD Attached                                  360                   358                        70                    11.5                 6/1/2007                   5/1/2037                    1019.01
961078214                                   TAMPA                                      FL                33605       Non-owner                         Single Family Detached                        360                   359                        70                   11.84                 7/1/2007                   6/1/2037                     946.19
961078270                                   PERRIS                                     CA                92570       Primary                           Single Family Detached                        360                   357                     69.84                       9                 5/1/2007                   4/1/2037                    1770.17
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                1,603                                                                                                                                                                                      357                     77.41                    8.69
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

061082188                                   MAYFIELD HGTS                              OH                44124       Primary                           Single Family Detached                        360                   359                        80                   9.825                 7/1/2007                   6/1/2037                     913.09
061082272                                   OMAHA                                      NE                68122       Primary                           PUD Detached                                  360                   359                        90                     8.8                 7/1/2007                   6/1/2037                    1415.03
061082300                                   NASHVILLE                                  TN                37219       Primary                           Condo Low-Rise Attached                       360                   359                        85                   10.65                 7/1/2007                   6/1/2037                    2392.71
061082391                                   OMAHA                                      NE                68111       Non-owner                         Single Family Detached                        360                   359                        85                   11.75                 7/1/2007                   6/1/2037                     574.86
061082392                                   OMAHA                                      NE                68111       Non-owner                         Single Family Detached                        360                   359                        85                   11.75                 7/1/2007                   6/1/2037                     592.02
061082486                                   CLEVELAND                                  OH                44106       Primary                           Single Family Detached                        360                   359                     89.99                    11.2                 7/1/2007                   6/1/2037                     644.26
061082530                                   ORLANDO                                    FL                32818       Primary                           PUD Detached                                  180                   179                     43.82                     8.1                 7/1/2007                   6/1/2022                     749.92
061082571                                   CLEVELAND                                  OH                44105       Non-owner                         Single Family Detached                        360                   359                        85                   11.35                 7/1/2007                   6/1/2037                     748.83
061082676                                   LAND O LAKES                               FL                34638       Primary                           Single Family Detached                        360                   359                        80                    7.37                 7/1/2007                   6/1/2037                    1408.28
061082686                                   EAST STROUDSBURG                           PA                18301       Primary                           Single Family Detached                        360                   359                      64.1                   11.75                 7/1/2007                   6/1/2037                    1261.76
061082705                                   AKRON                                      OH                44301       Primary                           Single Family Detached                        360                   358                     89.99                   11.69                 6/1/2007                   5/1/2037                     795.71
061082778                                   CINCINNATI                                 OH                45251       Primary                           Single Family Detached                        360                   358                     84.09                   11.15                 6/1/2007                   5/1/2037                    1043.69
061082811                                   AKRON                                      OH                44306       Primary                           Single Family Detached                        360                   359                        90                    11.7                 7/1/2007                   6/1/2037                     633.51
061082871                                   AKRON                                      OH                44305       Non-owner                         Single Family Detached                        360                   359                     89.99                    11.2                 7/1/2007                   6/1/2037                     522.37
061082936                                   AKRON                                      OH                44320       Non-owner                         Single Family Detached                        360                   359                        90                  11.875                 7/1/2007                   6/1/2037                     825.39
061082953                                   MEMPHIS                                    TN                38127       Non-owner                         Single Family Detached                        360                   359                        90                  10.588                 7/1/2007                   6/1/2037                     538.98
061082988                                   SYLVANIA                                   OH                43560       Primary                           Single Family Detached                        360                   358                     89.99                    7.95                 6/1/2007                   5/1/2037                    1294.64
061082999                                   AKRON                                      OH                44320       Non-owner                         Single Family Detached                        360                   359                        75                  11.825                 7/1/2007                   6/1/2037                     510.12
061083020                                   CLEVELAND                                  OH                44105       Primary                           Single Family Detached                        360                   359                        90                    11.8                 7/1/2007                   6/1/2037                     802.49
061083072                                   MEMPHIS                                    TN                38107       Primary                           Single Family Detached                        360                   359                        90                      12                 7/1/2007                   6/1/2037                     527.68
061083102                                   CLEVELAND                                  OH                44120       Primary                           Single Family Detached                        360                   359                        80                   11.95                 7/1/2007                   6/1/2037                     795.22
061083229                                   EASTON                                     PA                18042       Primary                           Single Family Attached                        360                   359                     74.07                   7.212                 7/1/2007                   6/1/2037                      679.6
061083305                                   COLUMBUS                                   OH                43207       Primary                           Single Family Detached                        360                   359                        80                     9.4                 7/1/2007                   6/1/2037                     780.22
061083318                                   CAMPBELLSVILLE                             KY                42718       Primary                           Single Family Detached                        360                   359                        90                    10.9                 7/1/2007                   6/1/2037                     782.27
061083323                                   AKRON                                      OH                44305       Non-owner                         Single Family Detached                        360                   359                        85                  11.662                 7/1/2007                   6/1/2037                     579.54
111003329                                   HONOLULU                                   HI                96815       Non-owner                         Condotel Attached                             360                   358                        90                    7.75                 6/1/2007                   5/1/2037                     2824.1
111003330                                   MOUNTAIN VIEW                              HI                96771       Primary                           Single Family Detached                        360                   359                        80                   6.431                 7/1/2007                   6/1/2037                    1997.09
111003368                                   HONOLULU                                   HI                96815       Non-owner                         Condotel Attached                             360                   359                        85                   8.725                 7/1/2007                   6/1/2037                    1000.77
111003452                                   HILO                                       HI                96720       Primary                           Single Family Detached                        360                   359                        85                     6.4                 7/1/2007                   6/1/2037                    1892.64
111003458                                   OCEAN VIEW                                 HI                96737       Primary                           Single Family Detached                        360                   358                     72.44                    6.81                 6/1/2007                   5/1/2037                    1804.83
111003469                                   HONOLULU                                   HI                96817       Primary                           Condo Low-Rise Attached                       360                   358                     78.95                    8.89                 6/1/2007                   5/1/2037                    5623.33
111003511                                   KAILUA                                     HI                96734       Primary                           Single Family Detached                        360                   359                        90                    7.35                 7/1/2007                   6/1/2037                    4542.03
111003517                                   EWA BEACH                                  HI                96706       Primary                           PUD Detached                                  360                   359                     64.61                    7.65                 7/1/2007                   6/1/2037                    2486.15
111003528                                   LANAI CITY                                 HI                96763       Primary                           Single Family Detached                        360                   359                     45.21                     6.4                 7/1/2007                   6/1/2037                    1357.29
121054554                                   DETROIT LAKES                              MN                56501       Second Home                       Single Family Detached                        360                   359                        85                   8.125                 7/1/2007                   6/1/2037                    3196.64
121054711                                   WAUKESHA                                   WI                53188       Primary                           Single Family Detached                        360                   358                        90                    11.5                 6/1/2007                   5/1/2037                    2860.68
121054886                                   MINNEAPOLIS                                MN                55410       Primary                           Single Family Detached                        360                   359                     83.15                    9.65                 7/1/2007                   6/1/2037                    5170.55
151041759                                   EL PORTAL                                  FL                33150       Primary                           Single Family Detached                        240                   239                     31.27                    11.2                 7/1/2007                   6/1/2027                    1160.88
151042471                                   NORTH BERGEN                               NJ                07047       Primary                           Condo Conversion Attached                     360                   358                        90                   10.15                 6/1/2007                   5/1/2037                     980.66
151042599                                   ALIQUIPPA                                  PA                15001       Primary                           Single Family Detached                        360                   359                     81.31                   11.05                 7/1/2007                   6/1/2037                     1010.6
151043280                                   W CONSHOHOCKEN                             PA                19428       Primary                           Single Family Detached                        360                   358                     74.71                     8.6                 6/1/2007                   5/1/2037                    5044.04
151043438                                   SPRING VALLEY                              NY                10977       Primary                           2-4 Units Detached                            360                   358                        80                   10.55                 6/1/2007                   5/1/2037                     4134.2
151043556                                   MANCHESTER                                 NJ                08759       Primary                           Condo Low-Rise Attached                       360                   358                     89.97                   12.49                 6/1/2007                   5/1/2037                    1116.61
151043559                                   PHILADELPHIA                               PA                19123       Primary                           Condo Conversion Attached                     360                   359                        80                   10.05                 7/1/2007                   6/1/2037                    1413.55
151043646                                   PHILADELPHIA                               PA                19150       Primary                           Single Family Attached                        360                   358                      68.8                     8.9                 6/1/2007                   5/1/2037                      685.8
151043773                                   ELKINS PARK                                PA                19027       Primary                           Single Family Detached                        360                   357                        90                    9.97                 5/1/2007                   4/1/2037                    1930.16
151043917                                   BALTIMORE                                  MD                21206       Primary                           Single Family Attached                        360                   359                        80                     9.3                 7/1/2007                   6/1/2037                     862.66
151043972                                   EFFORT                                     PA                18330       Primary                           Single Family Detached                        360                   358                        80                    7.87                 6/1/2007                   5/1/2037                    1681.36
151044058                                   MOUNT LAUREL                               NJ                08054       Primary                           Single Family Detached                        360                   359                     69.38                    7.45                 7/1/2007                   6/1/2037                    2004.52
151044307                                   ALTOONA                                    PA                16602       Primary                           Single Family Detached                        360                   358                        90                       8                 6/1/2007                   5/1/2037                     957.56
151044336                                   IRVINGTON                                  NJ                07111       Primary                           2-4 Units Detached                            360                   359                        90                     9.5                 7/1/2007                   6/1/2037                     2459.5
151044356                                   MONTVALE                                   NJ                07645       Primary                           Single Family Detached                        360                   359                        65                     9.3                 7/1/2007                   6/1/2037                    6982.25
151044358                                   MONTVALE                                   NJ                07645       Non-owner                         Single Family Detached                        360                   359                        75                   10.65                 7/1/2007                   6/1/2037                    3889.08
151044366                                   SOUTH ORANGE                               NJ                07079       Non-owner                         Single Family Detached                        360                   359                        90                    9.95                 7/1/2007                   6/1/2037                    4365.03
151044377                                   SUCCASUNNA                                 NJ                07876       Primary                           Single Family Detached                        360                   358                     70.77                     9.6                 6/1/2007                   5/1/2037                    3762.11
151044379                                   WILMINGTON                                 DE                19805       Primary                           Single Family Attached                        360                   358                        80                    11.4                 6/1/2007                   5/1/2037                     495.26
151044391                                   KISSIMMEE                                  FL                34759       Primary                           PUD Detached                                  360                   358                        80                    8.15                 6/1/2007                   5/1/2037                    1164.46
151044464                                   PHILADELPHIA                               PA                19119       Primary                           Single Family Attached                        360                   359                     76.92                     7.6                 7/1/2007                   6/1/2037                      988.5
151044566                                   EAST RUTHERFORD                            NJ                07073       Primary                           2-4 Units Detached                            360                   359                        85                    9.15                 7/1/2007                   6/1/2037                    2148.68
151044571                                   CHARLOTTE                                  NC                28210       Primary                           Condo Low-Rise Attached                       360                   358                     88.79                    9.95                 6/1/2007                   5/1/2037                     2765.7
151044572                                   PINE BROOK                                 NJ                07058       Primary                           Single Family Detached                        360                   358                     84.62                    9.35                 6/1/2007                   5/1/2037                     4326.5
151044605                                   RIDGEFIELD                                 NJ                07657       Primary                           Single Family Detached                        360                   359                        90                     9.7                 7/1/2007                   6/1/2037                    4427.13
151044606                                   YORK                                       PA                17402       Primary                           Single Family Detached                        360                   359                     76.81                     8.5                 7/1/2007                   6/1/2037                     815.05
151044659                                   PHILADELPHIA                               PA                19151       Primary                           Single Family Attached                        360                   359                        90                   11.05                 7/1/2007                   6/1/2037                    1048.82
151044662                                   POINT PLEASANT BORO                        NJ                08742       Primary                           Single Family Detached                        360                   358                        80                    9.75                 6/1/2007                   5/1/2037                    2508.73
151044665                                   EDISON                                     NJ                08817       Primary                           Single Family Detached                        360                   359                        90                     9.4                 7/1/2007                   6/1/2037                    2224.38
151044724                                   ALBRIGHTSVILLE                             PA                18210       Non-owner                         PUD Detached                                  360                   359                        70                   11.85                 7/1/2007                   6/1/2037                     840.11
151044729                                   HASBROUCK HEIGHTS                          NJ                07604       Primary                           Single Family Detached                        360                   359                     84.93                    9.85                 7/1/2007                   6/1/2037                    3563.06
151044748                                   EVESHAM                                    NJ                08053       Primary                           Single Family Attached                        360                   358                        85                   10.47                 6/1/2007                   5/1/2037                    1900.87
151044864                                   PHILADELPHIA                               PA                19149       Primary                           Single Family Attached                        360                   359                     68.97                   10.44                 7/1/2007                   6/1/2037                     910.26
151044880                                   WEST ORANGE                                NJ                07052       Primary                           Single Family Detached                        360                   359                        85                      12                 7/1/2007                   6/1/2037                    3060.12
161053902                                   DENNIS                                     MA                02638       Primary                           Single Family Detached                        360                   358                        65                    7.25                 6/1/2007                   5/1/2037                    7264.46
161054338                                   TUNBRIDGE                                  VT                05077       Primary                           Single Family Detached                        360                   359                     69.92                     8.8                 7/1/2007                   6/1/2037                    3508.82
161054348                                   MEDFORD                                    MA                02155       Primary                           Condo Conversion Attached                     360                   359                     53.33                   8.575                 7/1/2007                   6/1/2037                    1238.78
161054506                                   SWANSEA                                    MA                02777       Primary                           Single Family Detached                        360                   359                      86.9                    9.85                 7/1/2007                   6/1/2037                       5459
161054527                                   YORK                                       ME                03909       Primary                           Single Family Detached                        360                   359                        80                    9.35                 7/1/2007                   6/1/2037                    2191.02
161054540                                   FRAMINGHAM                                 MA                01701       Primary                           Single Family Detached                        360                   359                        80                     8.9                 7/1/2007                   6/1/2037                     6379.5
161054599                                   HARVARD                                    MA                01451       Primary                           Single Family Detached                        360                   359                        90                    10.3                 7/1/2007                   6/1/2037                    4422.29
161054668                                   ROSLINDALE                                 MA                02131       Primary                           Condo Low-Rise Attached                       360                   359                        90                    9.95                 7/1/2007                   6/1/2037                    2949.34
171043665                                   PHOENIX                                    AZ                85017       Primary                           Single Family Detached                        360                   359                        90                    10.6                 7/1/2007                   6/1/2037                    1558.21
171043712                                   PHOENIX                                    AZ                85032       Primary                           Single Family Detached                        360                   358                        90                    8.65                 6/1/2007                   5/1/2037                    1670.27
171043837                                   NORTH LAS VEGAS                            NV                89081       Primary                           Single Family Detached                        360                   359                        90                    6.75                 7/1/2007                   6/1/2037                    1593.77
171043970                                   TUCSON                                     AZ                85730       Primary                           Single Family Detached                        360                   359                        80                    9.45                 7/1/2007                   6/1/2037                    1118.51
171043974                                   QUEEN CREEK                                AZ                85242       Primary                           Single Family Detached                        360                   359                     89.42                     8.4                 7/1/2007                   6/1/2037                    3373.56
171044059                                   LAS VEGAS                                  NV                89108       Primary                           Single Family Detached                        360                   359                     73.95                     7.6                 7/1/2007                   6/1/2037                    1008.86
171044083                                   HENDERSON                                  NV                89052       Primary                           PUD Detached                                  360                   359                        50                    6.25                 7/1/2007                   6/1/2037                    1498.68
171044192                                   TEMPE                                      AZ                85283       Primary                           Single Family Detached                        360                   359                        80                     7.4                 7/1/2007                   6/1/2037                    1246.28
171044248                                   GOODYEAR                                   AZ                85338       Primary                           PUD Detached                                  360                   359                        80                    8.75                 7/1/2007                   6/1/2037                     1420.1
171044291                                   TOLLESON                                   AZ                85353       Primary                           PUD Detached                                  360                   358                        80                   7.425                 6/1/2007                   5/1/2037                    1551.95
171044318                                   BUCKEYE                                    AZ                85326       Second Home                       PUD Detached                                  360                   358                        80                     7.9                 6/1/2007                   5/1/2037                    1636.71
171044343                                   APACHE JUNCTION                            AZ                85219       Primary                           Single Family Detached                        360                   359                        90                    7.99                 7/1/2007                   6/1/2037                     2198.3
171044366                                   PHOENIX                                    AZ                85009       Primary                           Single Family Detached                        360                   359                        75                     7.9                 7/1/2007                   6/1/2037                    1083.31
171044385                                   LAS VEGAS                                  NV                89128       Primary                           PUD Detached                                  360                   359                     73.42                   7.119                 7/1/2007                   6/1/2037                    1952.67
171044405                                   ACTON                                      CA                93510       Primary                           Single Family Detached                        360                   359                     87.27                     7.8                 7/1/2007                   6/1/2037                    4777.94
191038570                                   FRESNO                                     CA                93706       Primary                           Single Family Detached                        360                   358                        80                       9                 6/1/2007                   5/1/2037                    1153.03
191038851                                   COULEE CITY                                WA                99115       Non-owner                         Single Family Detached                        360                   359                        70                     7.5                 7/1/2007                   6/1/2037                    1003.37
191038986                                   SWAN POINT                                 MD                20645       Primary                           PUD Detached                                  360                   358                        85                     7.9                 6/1/2007                   5/1/2037                    2653.83
191039079                                   LAKEWOOD                                   WA                98498       Primary                           Single Family Detached                        360                   358                        75                     8.7                 6/1/2007                   5/1/2037                    6611.69
191039104                                   RIVERSIDE                                  CA                92509       Primary                           Single Family Detached                        360                   358                        90                    8.95                 6/1/2007                   5/1/2037                    3599.31
191039167                                   SPOKANE                                    WA                99208       Primary                           Single Family Detached                        360                   359                        90                       9                 7/1/2007                   6/1/2037                     976.28
191039173                                   YAKIMA                                     WA                98902       Primary                           Single Family Detached                        360                   359                     90.75                   10.15                 7/1/2007                   6/1/2037                     967.77
191039183                                   PROSSER                                    WA                99350       Primary                           Single Family Detached                        360                   359                        90                    9.05                 7/1/2007                   6/1/2037                    1323.56
191039221                                   HAPPY VALLEY                               OR                97086       Primary                           Single Family Detached                        360                   359                        90                     9.4                 7/1/2007                   6/1/2037                    2581.37
191039300                                   CAMAS                                      WA                98607       Primary                           Single Family Detached                        360                   359                      62.5                   12.25                 7/1/2007                   6/1/2037                     1047.9
191039304                                   SHELTON                                    WA                98584       Primary                           Single Family Detached                        360                   359                     84.86                     9.3                 7/1/2007                   6/1/2037                    4052.12
191039334                                   KIRKLAND                                   WA                98034       Primary                           Single Family Detached                        360                   359                        75                    9.65                 7/1/2007                   6/1/2037                    3605.42
191039353                                   SPANAWAY                                   WA                98387       Primary                           Single Family Detached                        360                   359                     64.94                    8.05                 7/1/2007                   6/1/2037                    1366.41
191039394                                   SEATTLE                                    WA                98178       Primary                           Single Family Detached                        360                   359                     77.58                       8                 7/1/2007                   6/1/2037                    3031.56
191039442                                   SNOQUALMIE                                 WA                98065       Primary                           PUD Detached                                  360                   358                        90                    8.75                 6/1/2007                   5/1/2037                    3074.12
191039493                                   SPANAWAY                                   WA                98387       Primary                           Single Family Detached                        360                   358                     89.79                     9.9                 6/1/2007                   5/1/2037                     1531.1
211054563                                   KINGSVILLE                                 MD                21087       Primary                           Single Family Detached                        360                   358                        65                    9.82                 6/1/2007                   5/1/2037                    1741.56
211055585                                   SEVERNA PARK                               MD                21146       Primary                           Single Family Detached                        360                   357                        85                     7.5                 5/1/2007                   4/1/2037                    2921.88
211056222                                   NORFOLK                                    VA                23503       Primary                           Single Family Detached                        360                   359                     51.21                     8.6                 7/1/2007                   6/1/2037                     838.09
211056375                                   SEVERNA PARK                               MD                21146       Primary                           Single Family Attached                        360                   359                        90                     8.5                 7/1/2007                   6/1/2037                    2595.08
211056600                                   UPPER MARLBORO                             MD                20772       Primary                           Single Family Detached                        360                   359                     84.21                     5.8                 7/1/2007                   6/1/2037                    2046.74
211057077                                   SARASOTA                                   FL                34243       Primary                           PUD Detached                                  360                   358                     79.99                    8.75                 6/1/2007                   5/1/2037                    2302.71
211057140                                   NORTH EAST                                 MD                21901       Primary                           Single Family Detached                        360                   358                        90                    9.15                 6/1/2007                   5/1/2037                    2423.95
211057306                                   ACCOKEEK                                   MD                20607       Primary                           Single Family Detached                        360                   359                        75                    6.65                 7/1/2007                   6/1/2037                    2600.63
211057312                                   PASADENA                                   MD                21122       Primary                           Single Family Detached                        360                   358                     52.45                    8.45                 6/1/2007                   5/1/2037                    3354.75
211057369                                   HYATTSVILLE                                MD                20784       Primary                           Single Family Detached                        360                   358                        80                    7.35                 6/1/2007                   5/1/2037                    1734.98
211057378                                   CATAWBA                                    VA                24070       Primary                           Single Family Detached                        360                   359                        90                    9.55                 7/1/2007                   6/1/2037                    1113.48
211057396                                   ODENTON                                    MD                21113       Primary                           Single Family Attached                        360                   359                        85                    8.22                 7/1/2007                   6/1/2037                    1470.37
211057435                                   FAIRFAX                                    VA                22033       Primary                           PUD Detached                                  360                   358                     72.22                    9.15                 6/1/2007                   5/1/2037                    5089.03
211057448                                   SKIPPERS                                   VA                23879       Primary                           Single Family Detached                        360                   359                        85                    8.45                 7/1/2007                   6/1/2037                    1105.96
211057577                                   WALDORF                                    MD                20602       Primary                           PUD Detached                                  360                   358                        90                     9.5                 6/1/2007                   5/1/2037                    2733.96
211057648                                   FORT WASHINGTON                            MD                20744       Primary                           Single Family Detached                        360                   359                        85                    6.59                 7/1/2007                   6/1/2037                     2764.1
211057771                                   COLUMBIA                                   MD                21045       Primary                           PUD Attached                                  360                   358                        90                    10.4                 6/1/2007                   5/1/2037                    2367.16
211057967                                   SANDSTON                                   VA                23150       Primary                           Single Family Detached                        360                   359                        90                   9.925                 7/1/2007                   6/1/2037                    2531.16
211057983                                   MONTPELIER                                 VA                23192       Primary                           Single Family Detached                        360                   359                        90                     8.5                 7/1/2007                   6/1/2037                    4996.58
231092903                                   SOUTH DEERFIELD                            MA                01373       Primary                           Condo Low-Rise Attached                       360                   359                        90                    8.99                 7/1/2007                   6/1/2037                    1352.97
231093204                                   YONKERS                                    NY                10701       Primary                           Single Family Detached                        360                   359                     89.87                    7.99                 7/1/2007                   6/1/2037                    3819.89
231093396                                   SAYREVILLE                                 NJ                08872       Primary                           Condo Low-Rise Attached                       360                   359                        90                     8.9                 7/1/2007                   6/1/2037                    2332.51
231093450                                   BOROUGH OF SAYREVILLE                      NJ                08872       Primary                           Single Family Detached                        360                   359                        90                    9.45                 7/1/2007                   6/1/2037                     3361.5
231093495                                   KEESEVILLE                                 NY                12944       Primary                           Single Family Detached                        360                   358                     53.19                      11                 6/1/2007                   5/1/2037                     476.16
231093574                                   CHARLOTTESVILLE                            VA                22903       Primary                           PUD Detached                                  360                   359                        80                   7.125                 7/1/2007                   6/1/2037                    1825.51
231093694                                   DEERFIELD                                  NY                13502       Primary                           2-4 Units Detached                            360                   359                        90                    9.85                 7/1/2007                   6/1/2037                     951.43
231093718                                   HARWICH                                    MA                02645       Primary                           Single Family Detached                        360                   359                        90                     7.8                 7/1/2007                   6/1/2037                    3142.23
231093994                                   MIRROR LAKE                                NH                03853       Primary                           Single Family Detached                        360                   359                     59.57                    8.65                 7/1/2007                   6/1/2037                    6501.61
231094012                                   EAST FALMOUTH                              MA                02536       Primary                           Single Family Detached                        360                   359                        90                     8.3                 7/1/2007                   6/1/2037                    2173.78
231094015                                   TOWN OF SOUTHOLD                           NY                11957       Primary                           Single Family Detached                        360                   359                        70                    9.55                 7/1/2007                   6/1/2037                    7777.33
231094047                                   KEY LARGO                                  FL                33037       Second Home                       Condo Low-Rise Attached                       360                   359                        80                    9.99                 7/1/2007                   6/1/2037                    6488.56
231094085                                   DORCHESTER                                 MA                02122       Primary                           Condo Conversion Attached                     360                   359                        85                    11.1                 7/1/2007                   6/1/2037                    2960.24
231094095                                   MANCHESTER                                 CT                06040       Primary                           Condo Low-Rise Attached                       360                   359                        80                      11                 7/1/2007                   6/1/2037                    1577.05
231094097                                   ROCKPORT                                   MA                01966       Primary                           Single Family Detached                        360                   359                     82.86                     7.5                 7/1/2007                   6/1/2037                    3707.93
231094137                                   DANBURY                                    CT                06810       Primary                           Single Family Detached                        360                   359                        90                    8.55                 7/1/2007                   6/1/2037                    3902.62
231094146                                   BRONX                                      NY                10465       Primary                           2-4 Units Attached                            360                   359                        80                     7.8                 7/1/2007                   6/1/2037                    3023.46
231094564                                   CAPE ELIZABETH                             ME                04107       Primary                           Single Family Detached                        360                   358                        90                    8.85                 6/1/2007                   5/1/2037                    3643.79
231094718                                   STRATFORD                                  CT                06614       Primary                           Single Family Detached                        360                   359                        90                    9.75                 7/1/2007                   6/1/2037                    4421.93
231094789                                   NEWTOWN                                    CT                06482       Primary                           Single Family Detached                        360                   359                        90                    10.3                 7/1/2007                   6/1/2037                    2421.42
231094914                                   TAMPA                                      FL                33604       Primary                           Single Family Detached                        360                   359                        90                     7.2                 7/1/2007                   6/1/2037                    1710.55
231094943                                   NEW BEDFORD                                MA                02744       Primary                           Single Family Detached                        360                   359                        90                    8.75                 7/1/2007                   6/1/2037                    1518.73
231094958                                   BOROUGH OF STATEN ISLAND                   NY                10310       Primary                           2-4 Units Detached                            360                   359                        90                    9.65                 7/1/2007                   6/1/2037                    6255.77
331052946                                   NEW YORK                                   NY                10021       Primary                           Condo High-Rise Attached                      360                   359                     74.87                     7.8                 7/1/2007                   6/1/2037                    5039.09
331054492                                   STATEN ISLAND                              NY                10307       Primary                           PUD Detached                                  360                   359                      66.9                    8.45                 7/1/2007                   6/1/2037                    3712.06
331056014                                   STATEN ISLAND                              NY                10309       Primary                           Single Family Detached                        360                   359                     59.62                     7.7                 7/1/2007                   6/1/2037                    4420.35
331056409                                   BRONX                                      NY                10461       Primary                           2-4 Units Attached                            360                   359                     66.33                     6.2                 7/1/2007                   6/1/2037                     1956.6
331056507                                   BRONX                                      NY                10466       Primary                           2-4 Units Detached                            360                   359                        90                    9.75                 7/1/2007                   6/1/2037                    4106.31
331056620                                   BROOKLYN                                   NY                11201       Primary                           2-4 Units Attached                            360                   357                        90                    8.75                 5/1/2007                   4/1/2037                    4603.28
331056705                                   JERICHO                                    NY                11753       Primary                           Single Family Detached                        360                   359                        60                     7.7                 7/1/2007                   6/1/2037                    7571.64
331056787                                   NEW LEBANON                                NY                12125       Primary                           Single Family Detached                        360                   358                        90                    8.29                 6/1/2007                   5/1/2037                    4739.29
331057040                                   VERONA                                     NJ                07044       Primary                           Single Family Detached                        360                   358                        90                     8.7                 6/1/2007                   5/1/2037                    3206.67
331057163                                   NEW HYDE PARK                              NY                11040       Primary                           Single Family Detached                        360                   358                        90                    8.75                 6/1/2007                   5/1/2037                    5664.24
331057208                                   NORTH BERGEN                               NJ                07047       Primary                           PUD Attached                                  360                   359                        80                     7.5                 7/1/2007                   6/1/2037                    4456.03
331057234                                   JAMAICA                                    NY                11434       Non-owner                         2-4 Units Attached                            360                   358                     79.31                    7.35                 6/1/2007                   5/1/2037                    3614.53
331057269                                   EAST ELMHURST                              NY                11369       Primary                           2-4 Units Detached                            360                   359                        90                       8                 7/1/2007                   6/1/2037                     4450.6
331057290                                   SHOREHAM                                   NY                11786       Primary                           Single Family Detached                        360                   359                     78.53                    7.85                 7/1/2007                   6/1/2037                    5006.35
331057319                                   BROOKLYN                                   NY                11238       Primary                           2-4 Units Attached                            360                   359                        90                    7.35                 7/1/2007                   6/1/2037                    4454.68
331057378                                   WEST BABYLON                               NY                11704       Primary                           Single Family Detached                        360                   359                        80                     8.2                 7/1/2007                   6/1/2037                    1537.38
331057382                                   BABYLON                                    NY                11702       Primary                           Single Family Attached                        360                   359                        90                    7.65                 7/1/2007                   6/1/2037                    4741.33
331057398                                   SEAFORD                                    NY                11783       Primary                           Single Family Detached                        360                   359                        85                     8.3                 7/1/2007                   6/1/2037                    3325.76
331057413                                   FREEPORT                                   NY                11520       Primary                           Single Family Detached                        360                   359                        90                     8.7                 7/1/2007                   6/1/2037                    4142.09
331057476                                   VALLEY STREAM                              NY                11580       Primary                           Single Family Detached                        360                   358                        90                     8.9                 6/1/2007                   5/1/2037                    3445.15
331057620                                   AMITYVILLE                                 NY                11701       Primary                           Single Family Detached                        360                   359                        90                    9.85                 7/1/2007                   6/1/2037                    3311.98
331057623                                   BROOKLYN                                   NY                11212       Primary                           2-4 Units Attached                            360                   359                     73.73                       7                 7/1/2007                   6/1/2037                    2703.23
331057741                                   SOUTH OZONE PARK                           NY                11420       Primary                           2-4 Units Detached                            360                   359                     84.93                     8.9                 7/1/2007                   6/1/2037                    4653.58
331057742                                   EAST HAMPTON                               NY                11937       Primary                           Single Family Detached                        360                   359                        90                    9.99                 7/1/2007                   6/1/2037                    4598.47
331057743                                   OLD BRIDGE                                 NJ                07747       Primary                           Single Family Detached                        360                   359                        85                     8.4                 7/1/2007                   6/1/2037                    4209.15
331057755                                   EAST ELMHURST                              NY                11369       Primary                           2-4 Units Attached                            360                   358                        90                   10.59                 6/1/2007                   5/1/2037                    6650.25
331057826                                   BROOKLYN                                   NY                11221       Primary                           2-4 Units Attached                            360                   359                        80                     8.6                 7/1/2007                   6/1/2037                    5121.68
331057830                                   RICHMOND HILL                              NY                11418       Primary                           2-4 Units Detached                            360                   359                        80                   8.438                 7/1/2007                   6/1/2037                    4403.66
331057841                                   MALTA                                      NY                12020       Primary                           Single Family Attached                        360                   358                      89.8                  10.872                 6/1/2007                   5/1/2037                    1946.22
331057844                                   BROOKLYN                                   NY                11205       Primary                           Condo High-Rise Attached                      360                   359                        80                    9.25                 7/1/2007                   6/1/2037                    3893.02
331057852                                   WHITE PLAINS                               NY                10603       Primary                           Single Family Detached                        360                   359                        75                    6.99                 7/1/2007                   6/1/2037                    3380.19
331057853                                   ROSEDALE                                   NY                11422       Primary                           2-4 Units Attached                            360                   359                     88.64                    9.99                 7/1/2007                   6/1/2037                    4904.03
331057874                                   BROOKLYN                                   NY                11222       Primary                           2-4 Units Attached                            360                   359                     35.49                     6.5                 7/1/2007                   6/1/2037                    1891.03
331057980                                   NORTHPORT                                  NY                11768       Primary                           Single Family Detached                        360                   359                        84                     6.5                 7/1/2007                   6/1/2037                    5309.37
331058001                                   GARDEN CITY                                NY                11530       Non-owner                         Condo High-Rise Attached                      360                   359                        80                     9.6                 7/1/2007                   6/1/2037                    6106.75
331058009                                   MELROSE                                    FL                32666       Primary                           Single Family Detached                        360                   359                        80                    8.99                 7/1/2007                   6/1/2037                    1327.61
331058056                                   CORONA                                     NY                11368       Primary                           2-4 Units Attached                            360                   359                     87.02                    9.99                 7/1/2007                   6/1/2037                    4835.66
331058067                                   WEST NYACK                                 NY                10994       Primary                           Single Family Detached                        360                   359                        75                    7.55                 7/1/2007                   6/1/2037                    2874.37
331058078                                   VALLEY STREAM                              NY                11580       Primary                           Single Family Detached                        360                   359                        90                    9.99                 7/1/2007                   6/1/2037                    3847.78
331058081                                   BROOKLYN                                   NY                11229       Primary                           Single Family Attached                        360                   359                        85                     7.3                 7/1/2007                   6/1/2037                    3212.79
331058087                                   BROOKLYN                                   NY                11236       Primary                           2-4 Units Attached                            360                   359                        90                    7.35                 7/1/2007                   6/1/2037                    3790.55
331058090                                   SAINT ALBANS                               NY                11412       Non-owner                         2-4 Units Detached                            360                   358                     64.47                    6.49                 6/1/2007                   5/1/2037                    1913.17
331058098                                   QUEENS VILLAGE                             NY                11429       Primary                           2-4 Units Detached                            360                   359                        90                    9.99                 7/1/2007                   6/1/2037                    4390.27
331058134                                   BRONX                                      NY                10460       Primary                           2-4 Units Attached                            360                   359                        80                   9.625                 7/1/2007                   6/1/2037                    3364.54
331058232                                   JERICHO                                    NY                11753       Primary                           Single Family Detached                        360                   359                        75                     8.4                 7/1/2007                   6/1/2037                    3689.15
331058251                                   BIRMINGHAM                                 AL                35242       Primary                           Single Family Detached                        360                   359                        90                    6.99                 7/1/2007                   6/1/2037                    1763.11
331058308                                   DANBURY                                    CT                06810       Primary                           Condo Low-Rise Attached                       360                   359                     55.49                   8.775                 7/1/2007                   6/1/2037                    2262.25
331058459                                   OSSINING                                   NY                10562       Primary                           2-4 Units Detached                            360                   359                        90                    9.75                 7/1/2007                   6/1/2037                    2281.05
341044038                                   MYRTLE BEACH                               SC                29579       Primary                           Single Family Detached                        360                   358                        85                  11.725                 6/1/2007                   5/1/2037                    1481.52
341044216                                   PAULINE                                    SC                29374       Primary                           Single Family Detached                        360                   358                        90                  10.825                 6/1/2007                   5/1/2037                     1297.4
341044300                                   CHAPIN                                     SC                29036       Primary                           Single Family Detached                        360                   358                        90                    8.65                 6/1/2007                   5/1/2037                    1550.56
341044404                                   LEXINGTON                                  NC                27292       Primary                           Single Family Detached                        360                   358                     65.71                    8.85                 6/1/2007                   5/1/2037                     912.93
341044530                                   WEST PALM BEACH                            FL                33403       Primary                           Single Family Attached                        360                   358                        80                    7.25                 6/1/2007                   5/1/2037                    1085.32
341044637                                   WILMINGTON                                 NC                28403       Primary                           Single Family Detached                        360                   358                        85                  10.475                 6/1/2007                   5/1/2037                    1414.15
341044712                                   HOBE SOUND                                 FL                33455       Primary                           Single Family Detached                        360                   358                     69.13                     9.9                 6/1/2007                   5/1/2037                     902.39
341044797                                   BATON ROUGE                                LA                70814       Primary                           Single Family Detached                        360                   358                        80                    7.45                 6/1/2007                   5/1/2037                     734.76
341045046                                   CLAYTON                                    DE                19938       Primary                           Single Family Detached                        360                   359                        85                     8.8                 7/1/2007                   6/1/2037                    2424.09
341045114                                   LA PLACE                                   LA                70068       Primary                           Single Family Detached                        360                   359                        90                     9.4                 7/1/2007                   6/1/2037                    1612.95
351045901                                   LA VERNIA                                  TX                78121       Primary                           Single Family Detached                        360                   359                     84.83                    8.25                 7/1/2007                   6/1/2037                    1848.12
351045910                                   RICHMOND                                   TX                77469       Primary                           PUD Detached                                  360                   359                        80                   10.25                 7/1/2007                   6/1/2037                    1354.91
351046051                                   RICHMOND                                   TX                77469       Primary                           PUD Detached                                  360                   358                        90                   9.475                 6/1/2007                   5/1/2037                    1079.83
351046140                                   HOUSTON                                    TX                77004       Primary                           Single Family Detached                        360                   359                        90                     9.5                 7/1/2007                   6/1/2037                    3960.79
351046169                                   LEAGUE CITY                                TX                77573       Primary                           PUD Detached                                  360                   359                        80                    7.35                 7/1/2007                   6/1/2037                    3141.71
351046235                                   PEARLAND                                   TX                77584       Primary                           PUD Detached                                  360                   359                        80                   7.775                 7/1/2007                   6/1/2037                    1259.14
371048441                                   TAMPA                                      FL                33617       Primary                           Single Family Detached                        360                   358                        90                   10.55                 6/1/2007                   5/1/2037                    1453.93
371048779                                   MADISON                                    FL                32340       Primary                           Single Family Detached                        360                   359                     74.19                    7.65                 7/1/2007                   6/1/2037                      552.7
371048852                                   HOWEY IN THE HILLS                         FL                34737       Primary                           Single Family Detached                        360                   358                     43.13                    6.75                 6/1/2007                   5/1/2037                     1018.3
371048853                                   EUSTIS                                     FL                32736       Primary                           Single Family Detached                        360                   359                     63.22                     6.4                 7/1/2007                   6/1/2037                     957.02
371048861                                   TAMPA                                      FL                33619       Primary                           PUD Detached                                  360                   359                     73.79                   6.575                 7/1/2007                   6/1/2037                      681.6
371048869                                   WEST PALM BCH                              FL                33415       Primary                           Single Family Detached                        240                   239                        90                    10.5                 7/1/2007                   6/1/2027                    1347.81
371049109                                   MINERAL                                    VA                23117       Primary                           Single Family Detached                        360                   358                        80                    8.87                 6/1/2007                   5/1/2037                     1603.3
371049177                                   PEMBROKE PINES                             FL                33024       Primary                           Condo Low-Rise Attached                       360                   359                     62.83                   9.325                 7/1/2007                   6/1/2037                    1196.63
371049243                                   BELLEAIR BEACH                             FL                33786       Primary                           Single Family Detached                        360                   358                     77.17                    8.25                 6/1/2007                   5/1/2037                    5409.09
371049290                                   WINTER SPRINGS                             FL                32708       Primary                           Single Family Detached                        360                   359                        75                     6.4                 7/1/2007                   6/1/2037                      863.5
371049300                                   APOPKA                                     FL                32712       Primary                           Condo Low-Rise Attached                       360                   359                     73.69                    8.65                 7/1/2007                   6/1/2037                    1042.34
371049312                                   KISSIMMEE                                  FL                34746       Primary                           Single Family Detached                        360                   359                        65                    8.55                 7/1/2007                   6/1/2037                     823.85
371049344                                   HOLMES BEACH                               FL                34217       Second Home                       Single Family Detached                        360                   359                        85                   9.575                 7/1/2007                   6/1/2037                    4496.14
371049413                                   PORT CHARLOTTE                             FL                33981       Primary                           Single Family Detached                        360                   359                        90                     9.9                 7/1/2007                   6/1/2037                    1263.96
371049459                                   HOLIDAY                                    FL                34691       Primary                           Single Family Detached                        360                   359                     67.15                   7.025                 7/1/2007                   6/1/2037                      514.8
371049471                                   MIAMI                                      FL                33185       Primary                           PUD Detached                                  360                   359                        80                    7.75                 7/1/2007                   6/1/2037                    2598.22
371049475                                   WEST PALM BEACH                            FL                33407       Primary                           Single Family Detached                        360                   359                     74.86                    9.99                 7/1/2007                   6/1/2037                    1148.46
371049508                                   LAKELAND                                   FL                33812       Primary                           Single Family Detached                        360                   359                        80                    9.35                 7/1/2007                   6/1/2037                     989.28
371049526                                   APOPKA                                     FL                32712       Primary                           PUD Detached                                  360                   359                     61.78                    6.55                 7/1/2007                   6/1/2037                     816.44
371049548                                   LAKE BUTLER                                FL                32054       Primary                           Single Family Detached                        360                   358                        80                    9.25                 6/1/2007                   5/1/2037                    1493.98
371049563                                   JACKSONVILLE                               FL                32209       Primary                           Single Family Detached                        360                   359                        90                    9.35                 7/1/2007                   6/1/2037                     761.88
371049600                                   OCALA                                      FL                34470       Primary                           Single Family Detached                        360                   359                      62.5                    9.75                 7/1/2007                   6/1/2037                     644.37
371049602                                   ALTAMONTE SPRINGS                          FL                32714       Primary                           Single Family Detached                        360                   359                      69.5                     8.2                 7/1/2007                   6/1/2037                    1392.31
371049603                                   VERO BEACH                                 FL                32962       Primary                           Single Family Detached                        360                   359                        70                    9.25                 7/1/2007                   6/1/2037                     673.77
371049629                                   BRADENTON                                  FL                34210       Primary                           PUD Detached                                  360                   359                        90                    8.75                 7/1/2007                   6/1/2037                    2403.18
371049642                                   MOORE                                      OK                73170       Primary                           PUD Detached                                  360                   359                        90                    8.25                 7/1/2007                   6/1/2037                    1507.79
371049649                                   JACKSONVILLE                               FL                32216       Primary                           Single Family Detached                        360                   359                        80                   10.65                 7/1/2007                   6/1/2037                    1029.68
371049654                                   BRADENTON                                  FL                34207       Primary                           Single Family Detached                        360                   359                        90                    9.05                 7/1/2007                   6/1/2037                    1163.84
371049690                                   LEHIGH ACRES                               FL                33971       Primary                           Single Family Detached                        360                   359                        90                   10.99                 7/1/2007                   6/1/2037                    1794.71
371049707                                   DELTONA                                    FL                32738       Primary                           Single Family Detached                        360                   359                        65                   6.975                 7/1/2007                   6/1/2037                     841.14
371049729                                   OLD TOWN                                   FL                32680       Primary                           Single Family Detached                        360                   359                        80                   10.65                 7/1/2007                   6/1/2037                     814.86
371049767                                   MIAMI GARDENS                              FL                33055       Primary                           Single Family Detached                        360                   359                     44.44                    9.55                 7/1/2007                   6/1/2037                      844.5
371049773                                   HOMOSASSA                                  FL                34446       Primary                           Single Family Detached                        360                   359                     80.99                    6.95                 7/1/2007                   6/1/2037                    1125.31
371049799                                   MELBOURNE                                  FL                32934       Primary                           PUD Detached                                  240                   239                     58.49                    6.99                 7/1/2007                   6/1/2027                    1200.78
371049808                                   WINTER HAVEN                               FL                33881       Primary                           Single Family Detached                        360                   359                     55.17                    7.05                 7/1/2007                   6/1/2037                     534.93
371049880                                   MIRAMAR                                    FL                33025       Primary                           PUD Attached                                  360                   359                        90                     7.4                 7/1/2007                   6/1/2037                    1508.47
371049921                                   LEHIGH ACRES                               FL                33936       Primary                           Single Family Detached                        360                   359                        90                     9.6                 7/1/2007                   6/1/2037                    1234.35
371049954                                   FRESNO                                     CA                93727       Primary                           Single Family Detached                        360                   359                        75                     8.4                 7/1/2007                   6/1/2037                    1759.27
371049982                                   WESLEY CHAPEL                              FL                33544       Primary                           PUD Detached                                  360                   359                        90                     9.3                 7/1/2007                   6/1/2037                    2232.81
371050005                                   SARASOTA                                   FL                34232       Primary                           Single Family Detached                        360                   359                     60.61                   7.525                 7/1/2007                   6/1/2037                     981.36
411004122                                   CALDWELL                                   ID                83605       Primary                           Single Family Detached                        360                   359                        90                    8.45                 7/1/2007                   6/1/2037                    1115.91
411004457                                   AUBREY                                     TX                76227       Primary                           Single Family Detached                        360                   359                      87.5                    9.45                 7/1/2007                   6/1/2037                    1015.78
411004477                                   MECHANICSVILLE                             VA                23111       Primary                           PUD Detached                                  360                   359                        75                     7.8                 7/1/2007                   6/1/2037                    1619.71
411004519                                   JACKSONVILLE                               FL                32210       Primary                           Single Family Detached                        360                   359                        70                     8.5                 7/1/2007                   6/1/2037                     850.42
411004626                                   BUENA PARK                                 CA                90620       Primary                           Single Family Detached                        360                   359                     64.72                     6.3                 7/1/2007                   6/1/2037                    2308.41
411004631                                   BARTON                                     VT                05822       Primary                           Single Family Detached                        360                   359                      64.1                     8.6                 7/1/2007                   6/1/2037                     539.72
411004715                                   SAINT ALBANS                               NY                11412       Primary                           Single Family Detached                        360                   359                        85                     8.8                 7/1/2007                   6/1/2037                    3156.04
421004200                                   WINFIELD                                   AL                35594       Primary                           Single Family Detached                        360                   358                        90                   10.15                 6/1/2007                   5/1/2037                     519.88
421004223                                   MIDLAND                                    MI                48640       Primary                           Single Family Detached                        360                   359                        70                     8.7                 7/1/2007                   6/1/2037                     644.33
421004244                                   HUNTSVILLE                                 TX                77340       Primary                           Single Family Detached                        360                   358                        60                     9.4                 6/1/2007                   5/1/2037                     865.24
421004274                                   TEMPERANCE                                 MI                48182       Primary                           Single Family Detached                        360                   359                     77.82                      10                 7/1/2007                   6/1/2037                     849.15
421004276                                   COVINGTON                                  GA                30014       Primary                           Single Family Detached                        360                   359                        80                    9.25                 7/1/2007                   6/1/2037                    5344.33
421004288                                   INDIANA                                    PA                15701       Primary                           Single Family Detached                        360                   359                        80                    9.65                 7/1/2007                   6/1/2037                     642.15
511060090                                   SAINT PETERSBURG                           FL                33712       Primary                           Single Family Detached                        360                   358                        90                     8.1                 6/1/2007                   5/1/2037                    1750.13
511060282                                   ORLANDO                                    FL                32817       Primary                           PUD Detached                                  360                   358                     84.83                   7.266                 6/1/2007                   5/1/2037                    1530.44
511060495                                   SANTA ANA                                  CA                92703       Primary                           Single Family Detached                        360                   358                        90                    10.5                 6/1/2007                   5/1/2037                     4750.5
511060590                                   LOS ANGELES                                CA                91352       Primary                           Single Family Detached                        360                   358                        90                       9                 6/1/2007                   5/1/2037                    5325.16
511060685                                   LONG BEACH                                 CA                90813       Primary                           Condo High-Rise Attached                      360                   359                        90                    9.95                 7/1/2007                   6/1/2037                     1635.5
511060692                                   ELK GROVE                                  CA                95624       Primary                           Single Family Detached                        360                   358                     87.25                    9.84                 6/1/2007                   5/1/2037                     4379.6
511060791                                   MANTECA                                    CA                95337       Primary                           Single Family Detached                        360                   359                        80                    5.99                 7/1/2007                   6/1/2037                    2264.47
511061011                                   ORLANDO                                    FL                32822       Primary                           Single Family Detached                        360                   358                     66.87                    6.75                 6/1/2007                   5/1/2037                     786.78
511061017                                   TEMECULA                                   CA                92592       Primary                           PUD Detached                                  360                   358                        90                    8.55                 6/1/2007                   5/1/2037                    3967.67
511061142                                   OAKLAND                                    CA                94618       Primary                           Single Family Attached                        360                   358                        50                       9                 6/1/2007                   5/1/2037                    3471.13
511061241                                   INDIO (UNINCORPORATED AREA)                CA                92203       Primary                           Single Family Detached                        360                   359                        80                     7.2                 7/1/2007                   6/1/2037                    6664.06
511061278                                   LONG BEACH                                 CA                90805       Primary                           Single Family Detached                        360                   358                        89                     8.1                 6/1/2007                   5/1/2037                    3002.78
511061287                                   CHULA VISTA                                CA                91915       Primary                           PUD Detached                                  360                   358                     83.29                       7                 6/1/2007                   5/1/2037                    3507.84
511061357                                   TORRANCE                                   CA                90504       Primary                           Single Family Detached                        360                   359                        90                     6.2                 7/1/2007                   6/1/2037                    2637.76
511061566                                   NORCO                                      CA                92860       Primary                           Single Family Detached                        360                   359                        85                    9.05                 7/1/2007                   6/1/2037                    6918.77
511061571                                   GARDENA                                    CA                90247       Primary                           Single Family Detached                        360                   358                        90                       9                 6/1/2007                   5/1/2037                    3262.86
511061668                                   MANTECA                                    CA                95334       Primary                           Single Family Detached                        360                   359                     73.64                     8.8                 7/1/2007                   6/1/2037                       3591
511061672                                   AREA OF LAKE ARROWHEAD                     CA                92352       Primary                           Single Family Detached                        360                   359                        80                     7.8                 7/1/2007                   6/1/2037                    3047.95
511061697                                   IDAHO SPRINGS                              CO                80452       Primary                           Single Family Detached                        360                   358                     70.39                     7.5                 6/1/2007                   5/1/2037                    3605.28
511061791                                   LAGUNA NIGUEL                              CA                92677       Primary                           PUD Detached                                  360                   358                        70                    7.85                 6/1/2007                   5/1/2037                    6457.37
511061873                                   MURRIETA                                   CA                92563       Primary                           PUD Detached                                  360                   359                        90                     9.1                 7/1/2007                   6/1/2037                     3346.1
511061879                                   BROOKSVILLE                                FL                34602       Primary                           Single Family Detached                        360                   358                        75                     9.2                 6/1/2007                   5/1/2037                    4121.79
511061929                                   CHINO                                      CA                91710       Primary                           Single Family Detached                        360                   358                        90                    9.34                 6/1/2007                   5/1/2037                    2970.45
511061955                                   AREA OF HACIENDA HEIGHTS                   CA                91745       Primary                           PUD Detached                                  360                   359                        80                    10.2                 7/1/2007                   6/1/2037                    4676.11
511062003                                   LOS ANGELES                                CA                90047       Primary                           Single Family Detached                        360                   358                        85                    9.26                 6/1/2007                   5/1/2037                     3531.1
511062035                                   WHITTIER                                   CA                90601       Primary                           Single Family Detached                        360                   359                        90                     7.4                 7/1/2007                   6/1/2037                    3367.33
511062037                                   CRESTVIEW                                  FL                32536       Primary                           Single Family Detached                        360                   358                        80                    10.8                 6/1/2007                   5/1/2037                     978.06
511062046                                   OAKLEY                                     CA                94561       Primary                           Single Family Detached                        360                   358                     78.62                     7.3                 6/1/2007                   5/1/2037                    2848.87
511062056                                   DOWNEY                                     CA                90242       Primary                           Single Family Detached                        360                   358                     84.03                     7.2                 6/1/2007                   5/1/2037                    3085.21
511062062                                   LOS ANGELES                                CA                90056       Primary                           Single Family Detached                        360                   358                        75                     8.8                 6/1/2007                   5/1/2037                    6404.91
511062076                                   UNION CITY                                 CA                94587       Primary                           Single Family Detached                        360                   359                     79.87                    7.05                 7/1/2007                   6/1/2037                    3175.34
511062079                                   SAN DIEGO                                  CA                92102       Primary                           Single Family Detached                        360                   358                        80                    6.65                 6/1/2007                   5/1/2037                    2300.17
511062175                                   SAFETY HARBOR                              FL                34695       Primary                           Single Family Detached                        360                   359                      34.6                    8.99                 7/1/2007                   6/1/2037                      803.9
511062206                                   VENTURA                                    CA                93001       Primary                           Single Family Detached                        360                   358                        65                     7.1                 6/1/2007                   5/1/2037                    2673.54
511062224                                   LAKEWOOD                                   CA                90712       Primary                           Single Family Detached                        360                   358                        90                    7.85                 6/1/2007                   5/1/2037                    4115.23
511062229                                   CORONA                                     CA                92882       Primary                           Single Family Detached                        360                   358                     78.88                       8                 6/1/2007                   5/1/2037                    3071.39
511062470                                   SAN MARCOS                                 CA                92069       Primary                           Single Family Detached                        360                   359                        90                     9.7                 7/1/2007                   6/1/2037                    3849.68
511062497                                   MIAMI                                      FL                33165       Primary                           Single Family Detached                        360                   358                     55.67                    8.24                 6/1/2007                   5/1/2037                    1885.06
511062498                                   NORCO                                      CA                92860       Primary                           Single Family Detached                        360                   358                     69.61                    9.95                 6/1/2007                   5/1/2037                    5505.44
511062502                                   FONTANA                                    CA                92336       Primary                           Single Family Detached                        360                   359                        90                    9.75                 7/1/2007                   6/1/2037                    4200.84
511062575                                   NUEVO                                      CA                92567       Primary                           Single Family Detached                        360                   358                        90                     8.5                 6/1/2007                   5/1/2037                    2522.13
511062609                                   SAN DIMAS                                  CA                91773       Primary                           PUD Detached                                  360                   359                        80                    8.55                 7/1/2007                   6/1/2037                    5069.87
511062626                                   BONITA                                     CA                91902       Primary                           Single Family Detached                        360                   359                        85                   7.675                 7/1/2007                   6/1/2037                    5613.26
511062640                                   LOS ANGELES                                CA                91335       Primary                           Single Family Detached                        360                   358                        85                    8.99                 6/1/2007                   5/1/2037                    3864.52
511062686                                   LOS ANGELES                                CA                90027       Primary                           Single Family Detached                        360                   359                     87.91                     7.3                 7/1/2007                   6/1/2037                    4685.01
511062699                                   WINCHESTER                                 CA                92596       Primary                           Single Family Detached                        360                   358                        85                     7.8                 6/1/2007                   5/1/2037                    3238.45
511062715                                   RESEDA                                     CA                91335       Primary                           Single Family Detached                        360                   358                     71.75                    6.75                 6/1/2007                   5/1/2037                    2965.42
511062731                                   AREA OF COVINA                             CA                91722       Primary                           Single Family Detached                        360                   359                        85                    11.5                 7/1/2007                   6/1/2037                    4288.04
511062782                                   LAGUNA NIGUEL                              CA                92677       Primary                           Single Family Detached                        360                   359                     51.27                    8.65                 7/1/2007                   6/1/2037                    4120.89
511062785                                   MONTEBELLO                                 CA                90640       Primary                           Single Family Detached                        360                   358                        85                    7.99                 6/1/2007                   5/1/2037                    2964.32
511062813                                   KLAMATH FALLS                              OR                97601       Primary                           PUD Detached                                  360                   359                        80                    10.4                 7/1/2007                   6/1/2037                    3864.98
511062873                                   SAN DIEGO                                  CA                92117       Primary                           Single Family Detached                        360                   359                        80                    9.05                 7/1/2007                   6/1/2037                    6251.32
511062907                                   CLERMONT                                   FL                34715       Primary                           Single Family Detached                        360                   359                        65                     7.9                 7/1/2007                   6/1/2037                      935.4
511062955                                   FOUNTAIN VALLEY                            CA                92708       Primary                           Single Family Detached                        360                   359                     53.17                   6.475                 7/1/2007                   6/1/2037                     1991.2
511062986                                   ELK GROVE                                  CA                95758       Primary                           Single Family Detached                        360                   359                        70                       6                 7/1/2007                   6/1/2037                    2579.38
511062990                                   VICTORVILLE                                CA                92392       Primary                           Single Family Detached                        360                   359                        85                    7.29                 7/1/2007                   6/1/2037                    2651.91
511063049                                   IRVINE                                     CA                92620       Primary                           PUD Detached                                  360                   359                        80                    8.45                 7/1/2007                   6/1/2037                    6942.87
511063056                                   LA MIRADA                                  CA                90638       Primary                           Single Family Detached                        360                   359                        90                    6.64                 7/1/2007                   6/1/2037                    3178.67
511063090                                   PINOLE                                     CA                94564       Primary                           Single Family Detached                        360                   359                        90                     7.2                 7/1/2007                   6/1/2037                    3054.36
511063106                                   SAN BERNARDINO                             CA                92410       Non-owner                         Single Family Detached                        360                   359                        90                    6.45                 7/1/2007                   6/1/2037                    1697.72
511063265                                   BELLINGHAM                                 WA                98225       Primary                           Single Family Detached                        360                   359                        70                    8.05                 7/1/2007                   6/1/2037                    1745.58
511063281                                   VANCOUVER                                  WA                98683       Primary                           Single Family Detached                        360                   359                     76.57                   7.388                 7/1/2007                   6/1/2037                    4353.72
521054359                                   GARY                                       IN                46404       Primary                           Single Family Detached                        360                   359                        90                   10.45                 7/1/2007                   6/1/2037                     614.93
521056960                                   LIBERTYVILLE                               IL                60048       Primary                           Single Family Detached                        360                   359                        80                     9.2                 7/1/2007                   6/1/2037                    4652.23
521057023                                   WICHITA FALLS                              TX                76310       Primary                           Single Family Detached                        360                   358                        90                    8.75                 6/1/2007                   5/1/2037                    1840.88
521057114                                   SOUTHFIELD                                 MI                48034       Non-owner                         Single Family Detached                        360                   359                        85                    9.45                 7/1/2007                   6/1/2037                    1814.65
521057271                                   LAS VEGAS                                  NV                89104       Primary                           Single Family Detached                        360                   358                        80                     8.7                 6/1/2007                   5/1/2037                    1628.91
521057331                                   EUGENE                                     OR                97401       Primary                           Single Family Detached                        360                   358                        90                   9.225                 6/1/2007                   5/1/2037                    4704.75
521057397                                   GRAND RAPIDS                               MI                49506       Primary                           Single Family Detached                        360                   358                     89.51                    9.37                 6/1/2007                   5/1/2037                    1284.12
521057508                                   SKOKIE                                     IL                60076       Primary                           Single Family Detached                        360                   358                        85                     8.9                 6/1/2007                   5/1/2037                    3570.17
521057513                                   KALAMAZOO                                  MI                49048       Primary                           Single Family Detached                        360                   359                        90                    11.3                 7/1/2007                   6/1/2037                    1714.06
521057664                                   HARTSBURG                                  MO                65039       Primary                           Single Family Detached                        360                   359                        80                    10.2                 7/1/2007                   6/1/2037                     878.11
521057775                                   SAUK VILLAGE                               IL                60411       Primary                           Single Family Detached                        360                   359                        90                   9.975                 7/1/2007                   6/1/2037                    1204.64
521057784                                   LAS VEGAS                                  NV                89108       Primary                           Single Family Detached                        360                   359                        45                    7.85                 7/1/2007                   6/1/2037                    1464.75
521058007                                   WESTFIELD                                  IN                46074       Primary                           PUD Detached                                  360                   359                        90                       9                 7/1/2007                   6/1/2037                    1965.81
521058122                                   HOLLAND                                    PA                18966       Primary                           Condo Low-Rise Attached                       360                   359                        65                   7.375                 7/1/2007                   6/1/2037                     785.64
521058163                                   KANSAS CITY                                MO                64130       Non-owner                         Single Family Detached                        360                   359                        80                   11.75                 7/1/2007                   6/1/2037                     532.97
521058252                                   CARY                                       IL                60013       Primary                           Single Family Detached                        360                   358                     69.14                     8.2                 6/1/2007                   5/1/2037                    3978.27
521058263                                   MARTINSVILLE                               IN                46151       Primary                           Single Family Detached                        360                   359                        90                   8.575                 7/1/2007                   6/1/2037                    1337.88
521058295                                   DETROIT                                    MI                48205       Primary                           Single Family Detached                        360                   359                        90                    11.5                 7/1/2007                   6/1/2037                     677.36
521058325                                   MUSKEGON                                   MI                49444       Non-owner                         Single Family Detached                        360                   358                        85                   11.85                 6/1/2007                   5/1/2037                     518.71
521058580                                   FOREST PARK                                IL                60130       Primary                           Condo Conversion Attached                     360                   359                        75                    6.95                 7/1/2007                   6/1/2037                      857.2
521058782                                   BATTLE CREEK                               MI                49017       Primary                           2-4 Units Detached                            360                   359                        85                    11.7                 7/1/2007                   6/1/2037                     547.04
521058796                                   PARCHMENT                                  MI                49004       Primary                           Single Family Detached                        360                   359                        75                    10.1                 7/1/2007                   6/1/2037                      730.1
521058806                                   KANSAS CITY                                MO                64127       Primary                           Single Family Detached                        360                   359                        90                    12.1                 7/1/2007                   6/1/2037                    1081.91
521058845                                   PORTSMOUTH                                 VA                23703       Primary                           Single Family Detached                        360                   359                        90                     9.4                 7/1/2007                   6/1/2037                    3631.02
521058946                                   KISSIMMEE                                  FL                34741       Primary                           Single Family Detached                        360                   359                        90                     8.9                 7/1/2007                   6/1/2037                    2224.85
521059072                                   INDIANAPOLIS                               IN                46222       Non-owner                         Single Family Detached                        360                   359                        80                   11.95                 7/1/2007                   6/1/2037                     541.08
521059095                                   INDIANAPOLIS                               IN                46236       Primary                           Single Family Detached                        360                   359                        90                  10.775                 7/1/2007                   6/1/2037                    1330.08
521059170                                   KANSAS CITY                                MO                64129       Primary                           Single Family Detached                        360                   359                        90                     9.6                 7/1/2007                   6/1/2037                     846.47
551029193                                   MCALLEN                                    TX                78504       Primary                           Single Family Detached                        360                   357                      88.1                   8.475                 5/1/2007                   4/1/2037                    1135.37
551029245                                   DENTON                                     TX                76208       Primary                           PUD Detached                                  360                   358                        90                  10.498                 6/1/2007                   5/1/2037                    3112.18
551030267                                   HITCHCOCK                                  TX                77563       Primary                           Single Family Detached                        360                   359                     79.35                     7.8                 7/1/2007                   6/1/2037                    1770.88
551030679                                   LONE GROVE                                 OK                73443       Primary                           Single Family Detached                        360                   358                        90                   11.03                 6/1/2007                   5/1/2037                    1512.07
551030705                                   SAN ANTONIO                                TX                78258       Primary                           PUD Detached                                  360                   359                        90                    10.1                 7/1/2007                   6/1/2037                     2055.7
551030790                                   SEGUIN                                     TX                78155       Primary                           Single Family Detached                        360                   357                        90                    9.75                 5/1/2007                   4/1/2037                     1600.6
551030858                                   PRYOR                                      OK                74361       Primary                           Single Family Detached                        360                   359                        90                  10.825                 7/1/2007                   6/1/2037                    1225.56
551030873                                   DRUMRIGHT                                  OK                74030       Primary                           Single Family Detached                        360                   359                        90                   11.85                 7/1/2007                   6/1/2037                     659.07
551030965                                   CHANNELVIEW                                TX                77530       Primary                           Single Family Detached                        360                   358                        80                    8.55                 6/1/2007                   5/1/2037                      821.9
551031078                                   SAN ANTONIO                                TX                78232       Primary                           Single Family Detached                        360                   358                      62.4                   7.475                 6/1/2007                   5/1/2037                    1157.79
551031135                                   HIGHLANDS                                  TX                77562       Primary                           PUD Detached                                  360                   358                        90                    9.55                 6/1/2007                   5/1/2037                     962.99
551031144                                   GRAND PRAIRIE                              TX                75052       Primary                           PUD Detached                                  360                   358                        90                    9.75                 6/1/2007                   5/1/2037                    2009.65
551031147                                   FORT WORTH                                 TX                76248       Primary                           PUD Detached                                  360                   358                        90                     9.8                 6/1/2007                   5/1/2037                    2289.13
551031162                                   LANCASTER                                  TX                75146       Primary                           Single Family Detached                        360                   358                     84.03                     9.3                 6/1/2007                   5/1/2037                      826.3
551031163                                   ALEXANDRIA                                 VA                22315       Primary                           Single Family Detached                        360                   358                        80                     8.4                 6/1/2007                   5/1/2037                     3108.3
551031189                                   SAN ANTONIO                                TX                78251       Primary                           PUD Detached                                  360                   359                        90                   10.05                 7/1/2007                   6/1/2037                    1483.18
551031200                                   HOUSTON                                    TX                77047       Primary                           Single Family Detached                        360                   359                        90                  10.275                 7/1/2007                   6/1/2037                    1166.49
551031293                                   GATESVILLE                                 TX                76528       Primary                           Single Family Detached                        360                   359                        90                   8.725                 7/1/2007                   6/1/2037                     1275.1
551031314                                   SAN ANTONIO                                TX                78251       Primary                           PUD Detached                                  360                   358                        90                  10.825                 6/1/2007                   5/1/2037                    1225.56
551032397                                   LAKE JACKSON                               TX                77566       Primary                           Single Family Detached                        360                   359                        90                   10.35                 7/1/2007                   6/1/2037                     638.35
551032454                                   BULLARD                                    TX                75757       Primary                           Single Family Detached                        360                   359                        90                   7.825                 7/1/2007                   6/1/2037                    1022.87
551032555                                   FORT WORTH                                 TX                76106       Primary                           Single Family Detached                        360                   358                     65.79                    10.1                 6/1/2007                   5/1/2037                     442.49
551032587                                   EL PASO                                    TX                79924       Primary                           Single Family Detached                        360                   358                        90                   11.35                 6/1/2007                   5/1/2037                     651.92
551032588                                   WHITE SETTLEMENT                           TX                76108       Primary                           Single Family Detached                        360                   358                        85                    11.7                 6/1/2007                   5/1/2037                     773.54
551032602                                   CANYON LAKE                                TX                78133       Primary                           Single Family Detached                        360                   358                        90                  10.375                 6/1/2007                   5/1/2037                    1263.04
551032613                                   LAREDO                                     TX                78045       Primary                           Single Family Detached                        360                   359                        90                   7.575                 7/1/2007                   6/1/2037                     729.01
551032667                                   BULLARD                                    TX                75757       Primary                           Single Family Detached                        360                   359                        85                  10.775                 7/1/2007                   6/1/2037                    1520.94
551032679                                   WEATHERFORD                                TX                76085       Primary                           Single Family Detached                        360                   359                        90                   8.225                 7/1/2007                   6/1/2037                     1125.3
551032722                                   GRETNA                                     NE                68028       Primary                           Single Family Detached                        360                   358                        90                    9.05                 6/1/2007                   5/1/2037                    1600.28
551032763                                   KELLER                                     TX                76248       Primary                           Single Family Detached                        360                   359                        90                     9.7                 7/1/2007                   6/1/2037                    2856.46
551032792                                   EL PASO                                    TX                79936       Primary                           Single Family Detached                        360                   359                        80                     8.6                 7/1/2007                   6/1/2037                     776.01
551032879                                   FORT WORTH                                 TX                76108       Primary                           PUD Detached                                  360                   359                        90                    8.45                 7/1/2007                   6/1/2037                    3672.11
551032900                                   NEW BRAUNFELS                              TX                78132       Primary                           Single Family Detached                        360                   359                        90                   9.125                 7/1/2007                   6/1/2037                     1098.4
551032928                                   IRVING                                     TX                75062       Primary                           PUD Detached                                  360                   358                        90                   10.25                 6/1/2007                   5/1/2037                    4386.92
551032985                                   PLANO                                      TX                75075       Non-owner                         Single Family Detached                        360                   359                        80                   11.55                 7/1/2007                   6/1/2037                     675.99
551033045                                   KILLEEN                                    TX                76549       Primary                           Single Family Detached                        360                   359                        85                    11.1                 7/1/2007                   6/1/2037                      995.4
551033273                                   MURPHY                                     TX                75094       Primary                           PUD Detached                                  360                   359                        90                   11.69                 7/1/2007                   6/1/2037                    2740.13
551033335                                   OKLAHOMA CITY                              OK                73120       Primary                           Single Family Detached                        360                   359                        90                    10.5                 7/1/2007                   6/1/2037                    1037.31
551033463                                   PRINCETON                                  TX                75407       Primary                           Single Family Detached                        360                   359                        90                  10.625                 7/1/2007                   6/1/2037                    1455.45
551033527                                   MURPHY                                     TX                75094       Primary                           PUD Detached                                  360                   359                        90                     7.1                 7/1/2007                   6/1/2037                    3587.41
581017629                                   ANTIOCH                                    CA                94531       Primary                           Single Family Detached                        360                   358                        80                     7.8                 6/1/2007                   5/1/2037                    3588.77
581018409                                   ANTIOCH                                    CA                94509       Primary                           Single Family Detached                        360                   358                        90                     6.3                 6/1/2007                   5/1/2037                    2291.63
581019101                                   CHINO HILLS                                CA                91709       Primary                           Single Family Detached                        360                   358                     67.74                     6.3                 6/1/2007                   5/1/2037                    2880.72
581019124                                   OLYMPIC VALLEY                             CA                96146       Second Home                       Single Family Detached                        360                   359                     65.17                   8.225                 7/1/2007                   6/1/2037                    4131.05
581019177                                   BRIGHTON                                   CO                80603       Primary                           PUD Detached                                  360                   359                        90                     8.8                 7/1/2007                   6/1/2037                    2442.34
581019471                                   SACRAMENTO                                 CA                95817       Primary                           Single Family Detached                        360                   358                        80                     8.4                 6/1/2007                   5/1/2037                    1305.89
581019600                                   GRASS VALLEY                               CA                95949       Non-owner                         Single Family Detached                        360                   358                        90                     9.5                 6/1/2007                   5/1/2037                    6659.57
581019603                                   DENVER                                     CO                80223       Primary                           Single Family Detached                        360                   358                        90                    8.45                 6/1/2007                   5/1/2037                    2169.83
581019636                                   LANGSTON                                   AL                35755       Second Home                       Single Family Detached                        360                   359                        80                     9.1                 7/1/2007                   6/1/2037                    3409.68
581019705                                   SAN RAFAEL                                 CA                94901       Primary                           PUD Attached                                  360                   358                     62.98                    7.05                 6/1/2007                   5/1/2037                    3275.31
581019732                                   HAYWARD                                    CA                94544       Primary                           PUD Detached                                  360                   358                        85                     8.8                 6/1/2007                   5/1/2037                    6880.17
581019760                                   LOS ANGELES                                CA                90065       Primary                           Single Family Detached                        360                   359                        90                     9.6                 7/1/2007                   6/1/2037                    5772.42
581019888                                   ANTIOCH                                    CA                94509       Primary                           Single Family Detached                        360                   358                        90                     8.6                 6/1/2007                   5/1/2037                    2929.97
581019943                                   PLEASANT HILL                              CA                94523       Primary                           Single Family Detached                        360                   359                        90                    8.75                 7/1/2007                   6/1/2037                    5742.19
581020009                                   SOMERTON                                   AZ                85350       Primary                           Single Family Detached                        360                   359                        70                    9.35                 7/1/2007                   6/1/2037                    1249.05
581020049                                   SAN JOSE                                   CA                95111       Primary                           Single Family Detached                        360                   358                     70.31                    8.55                 6/1/2007                   5/1/2037                    3476.07
581020141                                   VACAVILLE                                  CA                95688       Primary                           Single Family Detached                        360                   358                        80                     7.2                 6/1/2007                   5/1/2037                    3425.82
581020162                                   TAMARACK                                   CA                95223       Second Home                       PUD Detached                                  360                   358                     71.67                    9.85                 6/1/2007                   5/1/2037                    3725.98
581020163                                   ROCKLIN                                    CA                95765       Primary                           Single Family Detached                        360                   358                     82.98                   7.825                 6/1/2007                   5/1/2037                     4820.3
581020205                                   EL DORADO HILLS                            CA                95762       Primary                           Single Family Detached                        360                   358                        90                     7.5                 6/1/2007                   5/1/2037                     4667.3
581020208                                   LAKE ELSINORE                              CA                92530       Primary                           Single Family Detached                        360                   358                        85                      10                 6/1/2007                   5/1/2037                    3644.96
581020242                                   WINDSOR                                    CO                80550       Primary                           PUD Detached                                  360                   359                        90                     9.2                 7/1/2007                   6/1/2037                    1817.07
581020285                                   DOWNEY                                     CA                90242       Primary                           Single Family Detached                        360                   359                        75                     7.9                 7/1/2007                   6/1/2037                    3597.69
581020291                                   PALM COAST                                 FL                32164       Primary                           Single Family Detached                        360                   359                        90                     6.4                 7/1/2007                   6/1/2037                       1920
581020316                                   LODI                                       CA                95242       Primary                           Single Family Detached                        360                   358                     55.26                     8.3                 6/1/2007                   5/1/2037                    1585.05
581020362                                   FAIRFIELD                                  CA                94534       Primary                           Single Family Detached                        360                   359                     84.85                    8.85                 7/1/2007                   6/1/2037                     3439.9
581020455                                   MARTINEZ                                   CA                94553       Primary                           Single Family Detached                        360                   359                      79.5                    7.15                 7/1/2007                   6/1/2037                    3119.94
581020459                                   LONG BEACH                                 CA                90807       Primary                           Single Family Detached                        360                   359                        90                     8.2                 7/1/2007                   6/1/2037                    5942.36
581020478                                   SPARKS                                     NV                89434       Primary                           Single Family Detached                        360                   359                        90                     8.7                 7/1/2007                   6/1/2037                    1748.79
581020520                                   MILPITAS                                   CA                95035       Primary                           Condo Low-Rise Attached                       360                   359                        85                    5.99                 7/1/2007                   6/1/2037                    2948.99
581020523                                   RENO                                       NV                89511       Primary                           Single Family Detached                        360                   359                        90                    9.35                 7/1/2007                   6/1/2037                    5295.64
581020547                                   MOUNT VERNON                               WA                98273       Primary                           Single Family Detached                        360                   359                        80                    7.75                 7/1/2007                   6/1/2037                    1272.05
581020612                                   HANFORD                                    CA                93230       Primary                           Single Family Detached                        360                   359                        90                     7.4                 7/1/2007                   6/1/2037                    1235.24
581020668                                   ROCKLIN                                    CA                95677       Primary                           Single Family Detached                        360                   359                        70                    6.55                 7/1/2007                   6/1/2037                    1271.17
621023696                                   FORT LAUDERDALE                            FL                33311       Primary                           Single Family Detached                        360                   359                     57.14                    8.45                 7/1/2007                   6/1/2037                     714.78
621023894                                   HIALEAH                                    FL                33012       Primary                           Single Family Detached                        360                   358                     53.41                    7.72                 6/1/2007                   5/1/2037                     1678.7
621023953                                   ORANGE PARK                                FL                32065       Primary                           Single Family Detached                        360                   359                        90                    9.65                 7/1/2007                   6/1/2037                    3783.98
621024224                                   HIALEAH                                    FL                33010       Primary                           Single Family Detached                        360                   358                        70                     8.8                 6/1/2007                   5/1/2037                    2157.45
621024232                                   CUTLER BAY                                 FL                33157       Primary                           Single Family Detached                        360                   358                        85                    8.95                 6/1/2007                   5/1/2037                    6264.52
621024327                                   CORAL GABLES                               FL                33134       Primary                           Single Family Detached                        360                   359                     67.74                     6.8                 7/1/2007                   6/1/2037                       2380
621024368                                   OPA LOCKA                                  FL                33056       Primary                           Single Family Detached                        360                   359                        85                  11.075                 7/1/2007                   6/1/2037                    2144.16
621024385                                   FT LAUDERDALE                              FL                33308       Primary                           Condo High-Rise Attached                      360                   359                        85                     7.5                 7/1/2007                   6/1/2037                    4160.33
621024463                                   MIAMI                                      FL                33177       Primary                           Single Family Detached                        360                   358                        80                    8.52                 6/1/2007                   5/1/2037                    1891.93
621024495                                   MIAMI                                      FL                33187       Primary                           Single Family Detached                        360                   359                        80                    7.85                 7/1/2007                   6/1/2037                    4021.74
621024578                                   HALLANDALE BEACH                           FL                33009       Primary                           Single Family Detached                        360                   359                     73.29                    8.12                 7/1/2007                   6/1/2037                    1751.47
621024597                                   FT. LAUDERDALE                             FL                33309       Primary                           Single Family Detached                        360                   359                        90                    9.05                 7/1/2007                   6/1/2037                    2342.23
621024641                                   HOLLYWOOD                                  FL                33021       Primary                           Single Family Detached                        360                   359                        80                    7.75                 7/1/2007                   6/1/2037                    3134.88
621024654                                   BOYNTON BEACH                              FL                33426       Primary                           Condo High-Rise Attached                      360                   359                        90                    9.95                 7/1/2007                   6/1/2037                    1489.75
621024680                                   HIALEAH                                    FL                33018       Primary                           Single Family Detached                        360                   358                     69.99                    7.35                 6/1/2007                   5/1/2037                    2145.84
621024709                                   KISSIMMEE                                  FL                34759       Primary                           PUD Detached                                  360                   359                     69.69                     8.4                 7/1/2007                   6/1/2037                    1513.13
621024714                                   PORT SAINT LUCIE                           FL                34983       Non-owner                         Single Family Detached                        360                   358                        80                   11.05                 6/1/2007                   5/1/2037                     1300.3
621024787                                   MIAMI                                      FL                33196       Primary                           PUD Detached                                  360                   359                     64.99                    7.65                 7/1/2007                   6/1/2037                    2466.96
621024789                                   LAUDERHILL                                 FL                33319       Primary                           Condo Low-Rise Attached                       360                   358                     62.02                    6.99                 6/1/2007                   5/1/2037                     682.05
621024790                                   BOCA RATON                                 FL                33498       Primary                           PUD Detached                                  360                   359                        80                    7.55                 7/1/2007                   6/1/2037                    3271.67
621024794                                   WEST PALM BEACH                            FL                33411       Primary                           Condo Low-Rise Attached                       360                   359                        90                    9.99                 7/1/2007                   6/1/2037                     2112.5
621024795                                   JACKSONVILLE                               FL                32258       Primary                           Single Family Attached                        360                   359                     63.69                    7.12                 7/1/2007                   6/1/2037                    1416.79
621024798                                   MIAMI                                      FL                33186       Primary                           Single Family Detached                        360                   359                     61.74                    7.32                 7/1/2007                   6/1/2037                    1463.16
621024801                                   MIAMI                                      FL                33127       Primary                           Single Family Detached                        360                   359                        80                     8.2                 7/1/2007                   6/1/2037                    1284.67
621024803                                   PEMBROKE PINES                             FL                33023       Primary                           Single Family Detached                        360                   359                        90                     7.5                 7/1/2007                   6/1/2037                     1642.2
621024822                                   JACKSONVILLE                               FL                32206       Non-owner                         2-4 Units Attached                            360                   359                     80.66                   10.99                 7/1/2007                   6/1/2037                     836.62
621024826                                   MIAMI                                      FL                33179       Primary                           Condo Low-Rise Attached                       360                   358                        75                     7.9                 6/1/2007                   5/1/2037                     740.25
621024835                                   LAKE WORTH                                 FL                33460       Primary                           Single Family Detached                        360                   359                        80                   10.47                 7/1/2007                   6/1/2037                    1934.49
621024836                                   HIALEAH                                    FL                33012       Primary                           Single Family Detached                        360                   359                     61.75                     7.6                 7/1/2007                   6/1/2037                       1744
621024842                                   NORTH FORT MYERS                           FL                33917       Primary                           Single Family Detached                        360                   359                     60.15                    8.25                 7/1/2007                   6/1/2037                    1396.14
621024858                                   MIAMI                                      FL                33156       Primary                           Single Family Detached                        360                   359                     60.67                       9                 7/1/2007                   6/1/2037                    6902.98
621024872                                   OPA LOCKA                                  FL                33054       Primary                           Single Family Detached                        360                   359                        90                    7.45                 7/1/2007                   6/1/2037                    1252.43
621024909                                   JACKSONVILLE                               FL                32218       Primary                           Single Family Detached                        360                   359                        80                     9.7                 7/1/2007                   6/1/2037                     957.76
621024911                                   MIAMI                                      FL                33183       Primary                           Single Family Attached                        360                   359                        90                    9.72                 7/1/2007                   6/1/2037                    2120.96
621024944                                   MIAMI                                      FL                33165       Primary                           Single Family Detached                        360                   359                        85                     9.9                 7/1/2007                   6/1/2037                    2995.63
621024979                                   TAMARAC                                    FL                33319       Primary                           Condo Low-Rise Attached                       360                   359                        90                   11.15                 7/1/2007                   6/1/2037                     867.31
621025043                                   POMPANO BEACH                              FL                33069       Second Home                       Condo Conversion Attached                     360                   359                        90                  10.825                 7/1/2007                   6/1/2037                    2534.79
621025059                                   MIAMI                                      FL                33056       Primary                           Single Family Detached                        360                   359                     67.17                     9.5                 7/1/2007                   6/1/2037                    1441.91
661023095                                   RIVERSIDE                                  CA                92503       Primary                           Single Family Detached                        360                   358                        85                     8.2                 6/1/2007                   5/1/2037                    6498.37
661023266                                   LOS ANGELES                                CA                91343       Primary                           Single Family Detached                        360                   358                     75.12                    5.75                 6/1/2007                   5/1/2037                    2228.13
661024297                                   LOS ANGELES                                CA                90022       Primary                           Single Family Detached                        360                   358                     85.83                     6.6                 6/1/2007                   5/1/2037                     2500.7
661024362                                   HESPERIA                                   CA                92345       Primary                           Single Family Detached                        360                   358                        90                      10                 6/1/2007                   5/1/2037                    3095.14
661024427                                   HUNTINGTON BEACH                           CA                92646       Primary                           Single Family Detached                        360                   357                     71.76                     6.8                 5/1/2007                   4/1/2037                    3702.44
661024770                                   ROSAMOND                                   CA                93560       Primary                           Single Family Detached                        360                   358                     90.05                   6.975                 6/1/2007                   5/1/2037                    1896.15
661024775                                   RIVERTON                                   UT                84065       Primary                           Single Family Detached                        360                   358                        90                    7.75                 6/1/2007                   5/1/2037                    4688.98
661024959                                   SAN MATEO                                  CA                94401       Primary                           Single Family Detached                        360                   359                        75                     6.7                 7/1/2007                   6/1/2037                    3306.19
661024996                                   BROOKINGS                                  OR                97415       Primary                           Single Family Detached                        360                   358                        80                    8.45                 6/1/2007                   5/1/2037                    3520.83
661025017                                   FONTANA                                    CA                92336       Primary                           Single Family Detached                        360                   358                        80                     8.9                 6/1/2007                   5/1/2037                    3726.72
661025086                                   LA PUENTE                                  CA                91744       Primary                           Single Family Detached                        360                   359                     74.39                     6.5                 7/1/2007                   6/1/2037                    2155.83
661025143                                   VAN NUYS                                   CA                91401       Primary                           Single Family Detached                        360                   359                     84.97                     7.4                 7/1/2007                   6/1/2037                    5078.83
661025175                                   COMMERCE                                   CA                90040       Primary                           2-4 Units Attached                            360                   358                     89.94                    7.55                 6/1/2007                   5/1/2037                     4580.1
661025246                                   RANCHO CUCAMONGA                           CA                91737       Primary                           Single Family Detached                        360                   358                        80                     8.6                 6/1/2007                   5/1/2037                     3436.9
661025251                                   PASADENA                                   CA                91107       Primary                           Single Family Detached                        360                   359                     64.47                    6.55                 7/1/2007                   6/1/2037                    2847.92
661025255                                   LOS ANGELES                                CA                90032       Primary                           Single Family Detached                        360                   358                        90                     8.4                 6/1/2007                   5/1/2037                    3454.57
661025283                                   MORENO VALLEY                              CA                92551       Primary                           Single Family Detached                        360                   359                        90                    6.65                 7/1/2007                   6/1/2037                    1966.65
661025321                                   CORONA                                     CA                92882       Primary                           2-4 Units Attached                            360                   359                        90                     8.4                 7/1/2007                   6/1/2037                    3934.37
661025339                                   HACIENDA HEIGHTS                           CA                91745       Primary                           Single Family Detached                        360                   358                        70                    5.95                 6/1/2007                   5/1/2037                    2713.35
661025400                                   LOS ANGELES                                CA                90044       Primary                           Single Family Detached                        360                   358                        90                     9.3                 6/1/2007                   5/1/2037                    4610.76
661025411                                   LAKE FOREST                                CA                92630       Primary                           Single Family Detached                        360                   359                     69.06                    6.25                 7/1/2007                   6/1/2037                    2921.02
661025416                                   PETALUMA                                   CA                94954       Primary                           Single Family Detached                        360                   359                        90                    7.75                 7/1/2007                   6/1/2037                    5407.65
661025453                                   MORENO VALLEY                              CA                92553       Primary                           Single Family Detached                        360                   359                        80                    7.85                 7/1/2007                   6/1/2037                    1628.74
661025515                                   LOS ANGELES                                CA                90044       Primary                           Single Family Detached                        360                   359                        85                     6.9                 7/1/2007                   6/1/2037                    2171.24
661025582                                   VALLEJO                                    CA                94591       Primary                           PUD Detached                                  360                   359                     81.91                     7.5                 7/1/2007                   6/1/2037                    5363.28
661025584                                   AGUANGA                                    CA                92536       Primary                           PUD Detached                                  360                   359                        90                    8.55                 7/1/2007                   6/1/2037                    3447.32
661025587                                   TUJUNGA                                    CA                91042       Primary                           Single Family Detached                        360                   359                     76.13                    8.85                 7/1/2007                   6/1/2037                    3586.41
661025639                                   WILDOMAR                                   CA                92595       Primary                           Single Family Detached                        360                   359                        80                   6.275                 7/1/2007                   6/1/2037                    2909.19
661025650                                   SYLMAR                                     CA                91342       Primary                           Single Family Detached                        360                   359                        90                     6.5                 7/1/2007                   6/1/2037                    3449.95
661025663                                   WEST COVINA                                CA                91790       Primary                           Single Family Detached                        360                   359                        80                     7.8                 7/1/2007                   6/1/2037                    3075.17
661025669                                   ANAHEIM                                    CA                92804       Primary                           Single Family Detached                        360                   359                     69.85                    8.05                 7/1/2007                   6/1/2037                    3074.35
661025670                                   ROSEMEAD                                   CA                91770       Primary                           Single Family Detached                        360                   359                        85                       6                 7/1/2007                   6/1/2037                    2525.48
661025671                                   VENTURA                                    CA                93003       Primary                           Single Family Detached                        360                   359                     83.18                    8.99                 7/1/2007                   6/1/2037                    3909.98
661025684                                   WOODLAND HILLS                             CA                91367       Primary                           Single Family Detached                        360                   359                        80                    7.85                 7/1/2007                   6/1/2037                    3983.73
661025696                                   HAIKU                                      HI                96708       Primary                           Single Family Detached                        360                   359                     79.17                     7.7                 7/1/2007                   6/1/2037                    4984.04
661025748                                   LOS ANGELES                                CA                90019       Primary                           Single Family Detached                        360                   359                        80                    9.35                 7/1/2007                   6/1/2037                    5034.47
661025856                                   RANCHO CUCAMONGA                           CA                91701       Primary                           Single Family Detached                        360                   359                        90                     6.6                 7/1/2007                   6/1/2037                    3192.78
661025868                                   OJAI                                       CA                93023       Primary                           Single Family Detached                        360                   359                     64.72                     8.9                 7/1/2007                   6/1/2037                    3036.09
661025917                                   SHERMAN OAKS                               CA                91411       Primary                           Condo Low-Rise Attached                       360                   359                        90                    7.45                 7/1/2007                   6/1/2037                    2892.24
671019662                                   MANTECA                                    CA                95337       Primary                           Single Family Detached                        360                   358                     71.68                    8.35                 6/1/2007                   5/1/2037                    3774.63
671020011                                   TRACY                                      CA                95376       Primary                           Single Family Detached                        360                   358                        80                     6.6                 6/1/2007                   5/1/2037                    2422.15
671020396                                   SAN JOSE                                   CA                95121       Primary                           Single Family Detached                        360                   358                     77.43                     6.4                 6/1/2007                   5/1/2037                     3014.6
671020424                                   (SYLMAR AREA) LOS ANGELES                  CA                91342       Primary                           Single Family Detached                        360                   359                        75                     7.9                 7/1/2007                   6/1/2037                    4360.83
671020443                                   SONOMA                                     CA                95476       Primary                           Condo Low-Rise Attached                       360                   358                        80                     8.2                 6/1/2007                   5/1/2037                    2196.24
671020444                                   SAN JOSE                                   CA                95122       Primary                           2-4 Units Detached                            360                   358                        90                    8.75                 6/1/2007                   5/1/2037                    5077.15
671020450                                   GILROY                                     CA                95020       Primary                           Single Family Detached                        360                   358                      48.5                    8.99                 6/1/2007                   5/1/2037                    3363.63
671020475                                   SOUTH SAN FRANCISCO                        CA                94080       Primary                           Single Family Detached                        360                   358                        90                     7.9                 6/1/2007                   5/1/2037                    4592.58
671020496                                   OGDEN                                      UT                84401       Primary                           Single Family Detached                        360                   359                        85                    12.5                 7/1/2007                   6/1/2037                    1216.12
671020510                                   HAYWARD                                    CA                94545       Primary                           Single Family Detached                        360                   358                        90                     8.7                 6/1/2007                   5/1/2037                    4165.36
671020548                                   OAKLAND                                    CA                94605       Primary                           Single Family Detached                        360                   358                        90                     9.9                 6/1/2007                   5/1/2037                    3747.99
671020626                                   OAKLAND                                    CA                94621       Primary                           Single Family Detached                        360                   358                        90                     9.2                 6/1/2007                   5/1/2037                     3694.8
671020696                                   SAN JOSE                                   CA                95124       Primary                           Single Family Detached                        360                   358                        70                    9.15                 6/1/2007                   5/1/2037                     3315.7
671020697                                   ATHERTON                                   CA                94027       Primary                           Single Family Detached                        360                   359                        70                     8.4                 7/1/2007                   6/1/2037                    7214.78
671020702                                   SACRAMENTO                                 CA                95838       Primary                           Single Family Detached                        360                   359                        90                     9.5                 7/1/2007                   6/1/2037                    1933.67
671020744                                   SEASIDE                                    CA                93955       Primary                           Single Family Detached                        360                   359                        85                    7.09                 7/1/2007                   6/1/2037                    3207.25
671020865                                   SAN LEANDRO                                CA                94579       Primary                           Single Family Detached                        360                   358                        80                     6.2                 6/1/2007                   5/1/2037                    2662.92
671020877                                   SAN JOSE                                   CA                95127       Primary                           Single Family Detached                        360                   359                        85                     7.8                 7/1/2007                   6/1/2037                    3779.22
671020894                                   BRENTWOOD                                  CA                94513       Primary                           Single Family Detached                        360                   359                     38.89                   7.075                 7/1/2007                   6/1/2037                    4252.05
671020905                                   CAMPBELL                                   CA                95008       Primary                           Single Family Detached                        360                   359                        80                    8.95                 7/1/2007                   6/1/2037                    5004.19
671020947                                   MENDON                                     UT                84325       Primary                           Single Family Detached                        360                   359                        90                     9.6                 7/1/2007                   6/1/2037                    2650.23
671020953                                   SIMI VALLEY                                CA                93063       Primary                           Single Family Detached                        360                   359                     83.39                    9.05                 7/1/2007                   6/1/2037                    3755.91
671020957                                   GONZALES                                   CA                93926       Primary                           Single Family Detached                        360                   359                        90                    8.55                 7/1/2007                   6/1/2037                     4162.8
671020959                                   SALINAS                                    CA                93908       Primary                           PUD Attached                                  360                   359                        90                     9.9                 7/1/2007                   6/1/2037                    4861.39
671021028                                   LIVERMORE                                  CA                94550       Primary                           Single Family Detached                        360                   359                        85                    8.65                 7/1/2007                   6/1/2037                    4688.97
671021079                                   TAHOE CITY                                 CA                96145       Primary                           Single Family Detached                        360                   359                        75                    8.45                 7/1/2007                   6/1/2037                    4824.74
671021086                                   LOS BANOS                                  CA                93635       Primary                           Single Family Detached                        360                   359                        90                    7.25                 7/1/2007                   6/1/2037                    2626.38
671021172                                   WATSONVILLE                                CA                95076       Primary                           Single Family Detached                        360                   359                      88.4                    7.99                 7/1/2007                   6/1/2037                    5864.54
831076888                                   SAINT PETERSBURG                           FL                33702       Primary                           Single Family Detached                        360                   357                        90                    9.75                 5/1/2007                   4/1/2037                    1326.58
831077163                                   COMPTON                                    CA                90222       Primary                           Single Family Detached                        360                   357                        90                    9.75                 5/1/2007                   4/1/2037                    3634.22
831077171                                   FRESNO                                     CA                93727       Primary                           Single Family Detached                        360                   357                        85                    8.89                 5/1/2007                   4/1/2037                    1649.84
831077328                                   DANVILLE                                   CA                94526       Primary                           Single Family Detached                        360                   356                     48.45                     6.5                 4/1/2007                   3/1/2037                    2649.47
831077554                                   RANCHO CUCAMONGA                           CA                91730       Primary                           Single Family Detached                        360                   357                     78.13                     6.7                 5/1/2007                   4/1/2037                    3226.39
831077629                                   AMERICAN FORK                              UT                84003       Primary                           Single Family Detached                        360                   357                        90                     9.5                 5/1/2007                   4/1/2037                     4384.9
831077683                                   LA PUENTE (AREA)                           CA                91744       Primary                           Single Family Detached                        360                   357                        90                    8.75                 5/1/2007                   4/1/2037                    3190.81
831077697                                   PACOIMA                                    CA                91331       Primary                           Single Family Detached                        360                   358                     88.83                     8.3                 6/1/2007                   5/1/2037                    3690.26
831077699                                   FONTANA                                    CA                92336       Primary                           Single Family Detached                        360                   358                        90                     9.2                 6/1/2007                   5/1/2037                    3540.57
831077816                                   FORKED RIVER (LACEY TWP.)                  NJ                08731       Primary                           Single Family Detached                        360                   358                        90                     8.6                 6/1/2007                   5/1/2037                    3422.22
831077819                                   RIALTO                                     CA                92377       Primary                           Single Family Detached                        360                   357                        80                   8.125                 5/1/2007                   4/1/2037                    2677.89
831077825                                   RUMSON                                     NJ                07760       Primary                           Single Family Detached                        360                   355                        80                   7.375                 3/1/2007                   2/1/2037                       7375
831077828                                   PORT CHARLOTTE                             FL                33981       Primary                           Single Family Detached                        360                   357                        85                    7.99                 5/1/2007                   4/1/2037                    1841.02
831077861                                   BROOKLYN                                   NY                11230       Primary                           Single Family Detached                        360                   355                        45                     8.4                 3/1/2007                   2/1/2037                    4244.16
831077876                                   CORONA                                     NY                11368       Primary                           2-4 Units Attached                            360                   356                        90                     7.3                 4/1/2007                   3/1/2037                    4835.58
831077898                                   BROOKLYN                                   NY                11236       Primary                           2-4 Units Attached                            360                   357                     84.83                    7.75                 5/1/2007                   4/1/2037                    3971.88
831077900                                   WASHINGTON TWP                             NJ                08080       Primary                           Single Family Detached                        360                   357                        90                    8.75                 5/1/2007                   4/1/2037                    3433.95
831077903                                   WEST NEW YORK                              NJ                07093       Primary                           2-4 Units Attached                            360                   358                        90                   10.45                 6/1/2007                   5/1/2037                    4878.43
831077905                                   ALLENTOWN                                  PA                18102       Primary                           Single Family Attached                        360                   357                        90                     9.4                 5/1/2007                   4/1/2037                     900.26
831077921                                   NORTH BAY VILLAGE                          FL                33141       Primary                           Condo Low-Rise Attached                       360                   358                        90                   10.82                 6/1/2007                   5/1/2037                    3967.27
831077952                                   GARDEN GROVE                               CA                92843       Primary                           Single Family Detached                        360                   358                        80                     8.9                 6/1/2007                   5/1/2037                    3602.77
831077956                                   SAN MARCOS                                 CA                92069       Primary                           Single Family Detached                        360                   358                        75                    7.85                 6/1/2007                   5/1/2037                    2513.99
831077957                                   LOS ANGELES (VAN NUYS AREA)                CA                91411       Primary                           Single Family Detached                        360                   358                     76.36                     8.8                 6/1/2007                   5/1/2037                    3118.91
831077970                                   LONG BEACH                                 CA                90806       Primary                           Single Family Detached                        360                   358                        90                     8.5                 6/1/2007                   5/1/2037                     3881.2
831077975                                   LOS ANGELES (RESEDA AREA)                  CA                91335       Primary                           Single Family Detached                        360                   358                     88.47                    8.45                 6/1/2007                   5/1/2037                    5710.37
831078008                                   BOCA RATON                                 FL                33487       Primary                           PUD Detached                                  360                   358                        80                    9.99                 6/1/2007                   5/1/2037                    3814.23
831078076                                   LOS ANGELES                                CA                90008       Primary                           Single Family Detached                        360                   358                        90                    8.99                 6/1/2007                   5/1/2037                    4432.95
831078085                                   CORONA                                     CA                92879       Primary                           Single Family Detached                        360                   358                        80                     9.8                 6/1/2007                   5/1/2037                    3667.26
831078201                                   RANCHO CUCAMONGA                           CA                91739       Primary                           Single Family Detached                        360                   358                        80                    9.39                 6/1/2007                   5/1/2037                    2432.75
831078202                                   TULSA                                      OK                74114       Primary                           Single Family Detached                        360                   358                        90                    8.99                 6/1/2007                   5/1/2037                    3398.31
831078211                                   PALMDALE                                   CA                93551       Primary                           Single Family Detached                        360                   358                        90                    8.75                 6/1/2007                   5/1/2037                    3190.81
831078212                                   SHORELINE                                  WA                98177       Primary                           Single Family Detached                        360                   358                     73.04                    9.99                 6/1/2007                   5/1/2037                    5266.62
951003005                                   BROOKLYN                                   NY                11208       Primary                           2-4 Units Attached                            360                   358                        85                     7.5                 6/1/2007                   5/1/2037                    4350.51
951003654                                   FREDERICKSBURG                             VA                22408       Primary                           Single Family Attached                        360                   359                        75                    10.3                 7/1/2007                   6/1/2037                    1471.21
951003784                                   NEW ORLEANS                                LA                70118       Primary                           Single Family Detached                        360                   357                        90                     9.4                 5/1/2007                   4/1/2037                    3938.61
951003896                                   SOUND BEACH                                NY                11789       Primary                           Single Family Detached                        360                   359                        90                     9.8                 7/1/2007                   6/1/2037                    2329.64
951003928                                   MASSAPEQUA                                 NY                11758       Primary                           Single Family Detached                        360                   359                        75                     7.4                 7/1/2007                   6/1/2037                    3083.35
951003997                                   JAMAICA                                    NY                11432       Primary                           Single Family Attached                        360                   359                        70                   10.65                 7/1/2007                   6/1/2037                    4699.31
951004277                                   COVINGTON                                  GA                30016       Primary                           Single Family Detached                        360                   358                        90                       8                 6/1/2007                   5/1/2037                    1676.47
951004355                                   BLOOMFIELD TOWNSHIP                        MI                48304       Primary                           Single Family Detached                        360                   358                        90                    10.3                 6/1/2007                   5/1/2037                    2340.43
951004471                                   DETROIT                                    MI                48238       Primary                           Single Family Detached                        360                   359                        90                   11.85                 7/1/2007                   6/1/2037                     521.76
951004494                                   HOWARD BEACH                               NY                11414       Primary                           2-4 Units Detached                            360                   358                        90                    6.95                 6/1/2007                   5/1/2037                    4197.01
951004544                                   NEW ORLEANS                                LA                70130       Primary                           Condo Low-Rise Attached                       360                   359                      94.5                    8.75                 7/1/2007                   6/1/2037                    3554.01
951004598                                   PHILADELPHIA                               PA                19152       Primary                           Single Family Attached                        360                   358                     69.44                    8.25                 6/1/2007                   5/1/2037                     939.08
951004624                                   BROOKLYN                                   NY                11224       Primary                           Single Family Detached                        360                   358                        75                    8.55                 6/1/2007                   5/1/2037                     5214.1
951004645                                   SYOSSET                                    NY                11791       Primary                           Single Family Detached                        360                   359                        50                     8.8                 7/1/2007                   6/1/2037                    2686.93
951004696                                   DETROIT                                    MI                48219       Primary                           Single Family Detached                        360                   359                        90                    11.8                 7/1/2007                   6/1/2037                     909.64
951004852                                   ISLIP TERRACE                              NY                11752       Primary                           Single Family Detached                        360                   359                        85                   11.15                 7/1/2007                   6/1/2037                    4195.93
951004856                                   NEW ORLEANS                                LA                70117       Primary                           2-4 Units Attached                            360                   358                        90                   12.18                 6/1/2007                   5/1/2037                    1373.46
951004926                                   LAPEER                                     MI                48446       Primary                           Single Family Detached                        360                   359                     69.43                    10.1                 7/1/2007                   6/1/2037                     964.62
951005009                                   DETROIT                                    MI                48224       Primary                           Single Family Detached                        360                   359                        90                   9.525                 7/1/2007                   6/1/2037                    1228.63
951005055                                   GRETNA                                     LA                70056       Primary                           PUD Detached                                  360                   359                        90                    7.99                 7/1/2007                   6/1/2037                     3298.8
951005151                                   DETROIT                                    MI                48205       Non-owner                         Single Family Detached                        360                   359                        90                   11.05                 7/1/2007                   6/1/2037                     757.23
951005307                                   OPELOUSAS                                  LA                70570       Non-owner                         Single Family Detached                        360                   359                        80                   10.05                 7/1/2007                   6/1/2037                    1022.27
951005417                                   CLARKSTON                                  MI                48346       Primary                           Single Family Detached                        360                   359                        90                   9.425                 7/1/2007                   6/1/2037                    1605.15
951005441                                   DETROIT                                    MI                48204       Primary                           Single Family Detached                        360                   359                        90                    11.3                 7/1/2007                   6/1/2037                     702.04
951006293                                   IRVINGTON                                  NJ                07111       Primary                           2-4 Units Detached                            360                   359                        90                    9.45                 7/1/2007                   6/1/2037                       3240
961078209                                   DACULA                                     GA                30019       Primary                           PUD Detached                                  360                   358                        90                    8.25                 6/1/2007                   5/1/2037                    3718.77
961078240                                   TAMPA                                      FL                33637       Primary                           Single Family Detached                        360                   359                        80                   10.25                 7/1/2007                   6/1/2037                    3498.38
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  597                                                                                                                                                                                      358                     81.27                   8.499
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                2,200                                                                                                                                                                                      358                     78.89                   8.619
===============================================================================================================================================================================================================================================================================================================================================================

Loan Number                                    Current Payment             Paid to Date        Original Balance                 Scheduled 07/01/07 Balance       Loan Purpose                              Original Rate       Documentation Program                      Risk Grade               Appraisal Value          Review Appraisal                Sale Price          Actual Unpaid Balance       Prepayment Penalty
-----------                                    ---------------             ------------        ----------------                 --------------------------       ------------                              -------------       ---------------------                      ----------               ---------------          ----------------                ----------          ---------------------       ------------------
061079632                                               604.02                 7/1/2007                   59500                                    59482.3       Cash Out Refinance                               11.825       Full Documentation                         AA+                                84000                     70000                         0                        59482.3       None
061080782                                               467.11                 5/1/2007                   50040                                      49983       Purchase                                          10.75       Full Documentation                         AA+                                55600                     55600                     55600                       50021.17       6 mo int on 80%
061081059                                              1331.39                 7/1/2007                  153000                                  152930.85       Cash Out Refinance                                  9.9       Full Documentation                         AA+                               170000                    170000                         0                         153000       PIF - 1% of OPB ; Partial - 1% of amt ppd
061081303                                                686.4                 7/1/2007                   68000                                   67979.43       Rate/Term Refinance                               11.75       Full Documentation                         AA+                                85000                     85000                         0                       67979.43       None
061081475                                              3102.69                 7/1/2007                  398000                                  397766.23       Cash Out Refinance                                 8.65       Full Documentation                         AA                                520000                    520000                         0                         398000       PIF - 1% of OPB ; Partial - 1% of amt ppd
061081673                                               933.93                 6/1/2007                  109170                                  109066.64       Purchase                                            9.7       Full Documentation                         AA+                               122000                    121300                    121300                      109118.53       PIF - 1% of OPB ; Partial - 1% of amt ppd
061081687                                              1472.98                 7/1/2007                  165750                                  165651.97       Cash Out Refinance                                10.15       Full Documentation                         B                                 221000                    221000                         0                      165651.97       2% of ppd amt
061081769                                               971.42                 6/1/2007                  121000                                  120866.62       Rate/Term Refinance                               8.975       Full Documentation                         AA+                               137000                    137000                         0                      120933.56       PIF - 1% of OPB ; Partial - 1% of amt ppd
061081841                                                992.9                 6/1/2007                  103485                                  103474.35       Rate/Term Refinance                               11.39       Full Documentation                         AA                                115000                    115000                         0                         103485       PIF - 1% of OPB ; Partial - 1% of amt ppd
061081858                                              1017.96                 6/1/2007                  104400                                  104365.14       Purchase                                           11.3       Full Documentation                         AA+                               116000                    116000                    116000                         104400       PIF - 1% of OPB ; Partial - 1% of amt ppd
061081859                                               970.05                 7/1/2007                  103500                                  103461.45       Cash Out Refinance                                 10.8       Full Documentation                         AA                                115000                    115000                         0                         103500       6 mo int on 80%
061081957                                              1595.78                 5/1/2007                  204700                                  204458.67       Cash Out Refinance                                 8.65       Full Documentation                         AA+                               230000                    230000                         0                         204700       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082032                                               645.35                 6/1/2007                   79200                                   79194.85       Purchase                                            9.7       Full Documentation                         AA+                                88000                     88000                     88000                          79200       6 mo int on 80%
061082043                                               962.68                 6/1/2007                   93590                                   93536.17       Cash Out Refinance                                   12       Business Bank Statements                   AA+                               104000                    104000                         0                       93563.22       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082137                                               830.43                 6/1/2007                  108000                                  107868.68       Cash Out Refinance                                  8.5       Full Documentation                         AA                                132000                    132000                         0                      107934.57       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082173                                                832.8                 7/1/2007                   94500                                   94458.64       Cash Out Refinance                                10.05       Full Documentation                         AA+                               105000                    105000                         0                          94500       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082177                                              1026.35                 6/1/2007                  133190                                  133161.47       Purchase                                           8.99       Full Documentation                         AA+                               148000                    148000                    148000                         133190       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082216                                              1688.67                 6/1/2007                  224000                                  223858.24       Cash Out Refinance                                8.287       Business Bank Statements                   AA+                               270000                    261500                         0                         224000       3% / 2% / 1%
061082358                                              1640.12                 7/1/2007                  201500                                  201406.98       Cash Out Refinance                                 9.55       Full Documentation                         AA+                               310000                    310000                         0                      201406.98       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082361                                               760.25                 6/1/2007                   89250                                    89164.6       Rate/Term Refinance                                9.65       Full Documentation                         A                                 105000                    105000                         0                       89207.47       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082364                                               728.77                 6/1/2007                   80991                                   80923.51       Purchase                                           10.3       Full Documentation                         AA+                                90000                     90000                     90000                        80957.4       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082373                                               565.74                 7/1/2007                   55000                                   54984.26       Cash Out Refinance                                   12       Stated Income Documentation                AA+                               105000                    105000                         0                       54984.26       None
061082414                                              1042.89                 6/1/2007                  135320                                  135238.45       Rate/Term Refinance                               8.525       Full Documentation                         AA+                               160000                    160000                         0                         135320       6 mo int on 80%
061082436                                               597.48                 7/1/2007                   62000                                    61878.6       Cash Out Refinance                                11.15       Full Documentation                         AA+                                70000                     70000                         0                          62000       None
061082474                                               568.43                 6/1/2007                   57180                                   57161.93       Cash Out Refinance                                11.55       Full Documentation                         AA                                 80000                     80000                         0                          57180       6 mo int on 80%
061082479                                              1100.14                 6/1/2007                  136850                                  136775.09       Cash Out Refinance                                 8.99       Full Documentation                         AA+                               155000                    155000                         0                         136850       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082485                                              1062.39                 8/1/2007                  104850                                  104818.63       Purchase                                           11.8       Full Documentation                         AA+                               117000                    117000                    116500                         104850       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082497                                              2151.63                 6/1/2007                  273500                                  273184.13       Cash Out Refinance                                 8.75       Full Documentation                         AA+                               310000                    310000                         0                      273342.64       2% / 1%
061082508                                              1879.93                 7/1/2007                  179400                                  179351.44       Cash Out Refinance                                12.25       Full Documentation                         CC                                276000                    276000                         0                         179400       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082549                                               2607.4                 6/1/2007                  336000                                   335800.6       Cash Out Refinance                                  8.6       Stated Income Documentation                AA+                               420000                    420000                         0                         336000       2% / 1%
061082578                                               935.36                 6/1/2007                  106675                                  106627.71       Purchase                                           9.99       Full Documentation                         AA+                               130000                    130000                    125500                         106675       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082591                                              1063.34                 6/1/2007                  125100                                  125040.07       Rate/Term Refinance                               9.625       Full Documentation                         AA+                               139000                    139000                         0                         125100       6 mo int on 80%
061082628                                               876.83                 6/1/2007                  100000                                   99955.67       Cash Out Refinance                                 9.99       Full Documentation                         AA+                               129000                    129000                         0                         100000       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082635                                               599.84                 6/1/2007                   59200                                   59164.25       Purchase                                           11.8       Full Documentation                         AA+                                74000                     74000                     74000                       59182.13       None
061082644                                               693.21                 8/1/2007                   80000                                   79963.46       Cash Out Refinance                                 9.85       Full Documentation                         AA+                               114000                    103000                         0                       79926.62       6 mo int on 80%
061082693                                                  751                 6/1/2007                   74400                                    74377.5       Cash Out Refinance                                11.75       Full Documentation                         AA+                                93000                     86000                         0                          74400       None
061082716                                              1556.19                 6/1/2007                  193500                                  193463.59       Cash Out Refinance                                9.425       Full Documentation                         AA+                               215000                    215000                         0                         193500       2% / 1%
061082728                                               548.61                 6/1/2007                   53940                                   53924.05       Purchase                                          11.85       Full Documentation                         AA+                                60000                     58000                     60000                          53940       6 mo int on 80%
061082745                                              1161.14                 6/1/2007                  128775                                  128721.86       Cash Out Refinance                               10.325       Full Documentation                         B                                 151500                    151500                         0                         128775       6 mo int on 80%
061082763                                              1015.67                 7/1/2007                  112410                                  112363.87       Purchase                                          10.35       Full Documentation                         AA+                               125000                    125000                    124900                         112410       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082772                                              1175.12                 7/1/2007                  126650                                  126601.54       Purchase                                         10.675       Full Documentation                         AA+                               149000                    149000                    149000                         126650       6 mo int on 80%
061082794                                              1251.76                 6/1/2007                  133290                                  133190.81       Purchase                                         10.825       Full Documentation                         AA+                               150000                    145000                    148100                      133240.63       6 mo int on 80%
061082808                                               666.15                 6/1/2007                   65250                                   65230.91       Purchase                                           11.9       Full Documentation                         AA+                                73600                     73600                     72500                          65250       None
061082815                                               994.59                 6/1/2007                  127001                                  126927.17       Rate/Term Refinance                                 8.7       Full Documentation                         AA+                               215000                    215000                         0                         127001       6 mo int on 80%
061082819                                               735.06                 6/1/2007                   72000                                   71978.94       Purchase                                           11.9       Full Documentation                         AA                                 93482                     90000                     90000                          72000       None
061082823                                              1277.48                 6/1/2007                  180050                                  179920.34       Cash Out Refinance                                 7.65       Stated Income Documentation                AA+                               277000                    277000                         0                         180050       6 mo int on 80%
061082827                                              1187.04                 6/1/2007                  147600                                  147544.26       Rate/Term Refinance                               9.425       Full Documentation                         AA+                               164000                    164000                         0                         147600       6 mo int on 80%
061082843                                              1038.04                 6/1/2007                  118285                                  118232.67       Purchase                                             10       Full Documentation                         AA+                               137000                    137000                    131440                         118285       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082845                                              1131.66                 6/1/2007                  132000                                  131938.09       Cash Out Refinance                                9.725       Full Documentation                         C                                 167000                    167000                         0                         132000       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082855                                              1143.56                 6/1/2007                  136000                                  135865.69       Cash Out Refinance                                  9.5       Full Documentation                         AA+                               160000                    160000                         0                      135933.11       1% of amt prepaid
061082857                                               598.95                 7/1/2007                   58500                                   58481.98       Purchase                                         11.938       Full Documentation                         AA+                                75000                     75000                     65000                          58500       None
061082880                                               966.77                 6/1/2007               119236.75                                  119228.84       Cash Out Refinance                                 9.65       Full Documentation                         AA+                               132500                    132500                         0                      119236.75       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082882                                              1835.72                 6/1/2007                  192000                                  191932.28       Cash Out Refinance                                11.05       Stated Income Documentation                AA+                               240000                    240000                         0                         192000       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082979                                               783.03                 6/1/2007                   75000                                   74979.47       Cash Out Refinance                                 12.2       Stated Income Documentation                AA+                                98000                     98000                         0                          75000       None
061083022                                              1137.57                 7/1/2007                  121500                                  121486.31       Cash Out Refinance                                 11.1       Full Documentation                         A                                 135000                    135000                         0                         121500       2 mo int or 60 days int on UPB
061083042                                               958.29                 6/1/2007                  117000                                  116938.71       Cash Out Refinance                                  9.2       Full Documentation                         AA+                               130000                    130000                         0                         117000       6 mo int on 80%
061083063                                              1041.45                 6/1/2007                  128000                                  127931.88       Rate/Term Refinance                               9.125       Full Documentation                         B                                 160000                    160000                         0                         128000       PIF - 1% of OPB ; Partial - 1% of amt ppd
061083128                                               714.11                 7/1/2007                   76500                                    76471.2       Purchase                                          10.75       Full Documentation                         AA+                                91000                     83000                     90000                          76500       PIF - 1% of OPB ; Partial - 1% of amt ppd
061083207                                               796.47                 7/1/2007                   90000                                   89961.03       Rate/Term Refinance                                10.1       Full Documentation                         AA                                113000                    113000                         0                          90000       PIF - 1% of OPB ; Partial - 1% of amt ppd
061083211                                               891.21                 7/1/2007                  108810                                     108753       Purchase                                            9.2       Full Documentation                         AA+                               123000                    120900                    120900                         108810       PIF - 1% of OPB ; Partial - 1% of amt ppd
061083224                                               668.22                 7/1/2007                   65700                                   65679.79       Cash Out Refinance                                11.85       Full Documentation                         AA+                                73000                     73000                         0                          65700       6 mo int on 80%
061083282                                               846.33                 7/1/2007                  100000                                   99951.59       Cash Out Refinance                                9.575       Full Documentation                         A                                 125000                    125000                         0                         100000       PIF - 1% of OPB ; Partial - 1% of amt ppd
061083484                                              2324.93                 6/1/2007                  291550                                   291387.4       Cash Out Refinance                                  8.9       Full Documentation                         AA+                               343000                    343000                         0                         291550       PIF - 1% of OPB ; Partial - 1% of amt ppd
111003367                                                 1980                 6/1/2007                  360000                                     360000       Cash Out Refinance                                  6.6       Full Documentation                         AA+                               435000                    435000                         0                         360000       6 mo int on 80%
111003370                                              1957.39                 7/1/2007                  280000                                  279841.35       Cash Out Refinance                                 8.05       Stated Income Documentation                A                                 475000                    475000                         0                      279920.94       6 mo int on 80%
111003372                                              1973.95                 7/1/2007                  349000                                  348847.06       Rate/Term Refinance                               6.525       Stated Income Documentation                AA+                               475000                    475000                         0                      348923.74       6 mo int on 80%
111003397                                              1315.81                 6/1/2007                  165750                                  165562.51       Rate/Term Refinance                                8.85       Full Documentation                         AA+                               195000                    195000                         0                       165656.6       6 mo int on 80%
111003400                                              2119.19                 6/1/2007                  349980                                  349853.51       Cash Out Refinance                                 7.05       Full Documentation                         AA+                               600000                    600000                         0                         349980       6 mo int on 80%
111003414                                               1966.5                 7/1/2007                  340020                                  339866.94       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               678000                    678000                         0                         340020       6 mo int on 80%
111003423                                              1466.25                 6/1/2007                  244000                                  243909.84       Cash Out Refinance                                 6.99       Full Documentation                         AA                                305000                    305000                         0                      243955.05       6 mo int on 80%
111003433                                              2161.79                 6/1/2007                  409980                                  409872.21       Cash Out Refinance                                6.012       Full Documentation                         AA+                               555000                    555000                         0                         409980       6 mo int on 80%
111003440                                              3793.06                 6/1/2007                  534600                                  534215.02       Cash Out Refinance                                 7.65       Full Documentation                         AA+                               594000                    594000                         0                         534600       6 mo int on 80%
111003451                                              1654.87                 7/1/2007                  250000                                  249561.14       Cash Out Refinance                                 6.95       Full Documentation                         AA+                               590000                    590000                         0                      249561.14       6 mo int on 80%
111003476                                              2564.51                 7/1/2007                  403000                                  402937.45       Cash Out Refinance                                 7.45       Stated Income Documentation                A                                 670000                    640000                         0                      402937.45       6 mo int on 80%
111003485                                               1566.2                 7/1/2007                  263500                                  263388.54       Cash Out Refinance                                6.625       Full Documentation                         AA+                               310000                    310000                         0                      263388.54       6 mo int on 80%
111003488                                              3119.35                 6/1/2007                  500000                                  499071.34       Cash Out Refinance                                6.375       Full Documentation                         AA+                              1100000                   1100000                         0                       499536.9       6 mo int on 80%
111003490                                               1668.6                 7/1/2007                  300000                                   299931.4       Cash Out Refinance                                  6.4       Stated Income Documentation                AA+                               555000                    555000                         0                         300000       6 mo int on 80%
111003495                                              2305.87                 7/1/2007                  315000                                  314787.57       Rate/Term Refinance                               7.975       Full Documentation                         AA+                               350000                    350000                         0                         315000       6 mo int on 80%
111003500                                              2594.39                 6/1/2007                  400000                                  399309.28       Cash Out Refinance                                 6.75       Stated Income Documentation                AA+                               500000                    500000                         0                      399655.61       6 mo int on 80%
111003501                                              4006.36                 7/1/2007                  514250                                  514035.93       Cash Out Refinance                                  9.1       Stated Income Documentation                A                                 605000                    605000                         0                      514143.37       6 mo int on 80%
111003502                                              2453.95                 6/1/2007                  330500                                  330283.81       Rate/Term Refinance                               8.125       Full Documentation                         AA+                               485000                    485000                         0                         330500       6 mo int on 80%
111003513                                               3101.4                 6/1/2007                  435003                                  434692.87       Cash Out Refinance                                  7.7       Stated Income Documentation                AA+                               830000                    830000                         0                         435003       6 mo int on 80%
111003547                                              2426.88                 6/1/2007                  381969                                  381627.03       Cash Out Refinance                                 6.55       Stated Income Documentation                AA+                               630000                    630000                         0                         381969       6 mo int on 80%
121053813                                              2065.67                 7/1/2007                  276250                                  276072.04       Cash Out Refinance                                  8.2       Full Documentation                         AA+                               325000                    313000                         0                      276072.04       1% of amt prepaid
121053909                                              1123.64                 7/1/2007                  158600                                  158556.82       Cash Out Refinance                                8.175       Business Bank Statements                   AA+                               244000                    244000                         0                         158600       None
121054170                                               962.42                 6/1/2007                  112500                                  112393.48       Cash Out Refinance                                  9.7       Full Documentation                         AA+                               125000                    125000                         0                      112446.95       None
121054274                                              2146.23                 7/1/2007                  360000                                  359835.57       Cash Out Refinance                                 6.65       Full Documentation                         AA                                450000                    450000                         0                         360000       2 mo int or 60 days int on UPB
121054281                                               616.61                 6/1/2007                   59500                                   59466.53       Purchase                                           12.1       Lite Documentation                         AA+                                80000                     80000                     70000                       59483.35       1% of amt prepaid
121054309                                              1611.18                 6/1/2007                  202500                                  202386.48       Cash Out Refinance                                8.875       Full Documentation                         AA+                               225000                    215000                         0                         202500       None
121054351                                              3620.25                 6/1/2007                  404000                                  403659.72       Cash Out Refinance                                10.25       Full Documentation                         AA+                               575000                    505000                         0                      403830.58       2 mo int or 60 days int on UPB
121054411                                               692.82                 6/1/2007                   81000                                   80995.68       Cash Out Refinance                                 10.2       Full Documentation                         AA+                                90000                     90000                         0                          81000       None
121054432                                              1225.87                 6/1/2007                  150000                                  149921.01       Cash Out Refinance                                9.175       Full Documentation                         C                                 205000                    205000                         0                         150000       None
121054469                                               771.82                 6/1/2007                   75600                                   75577.88       Purchase                                           11.9       Full Documentation                         AA+                                84000                     84000                     84000                          75600       None
121054477                                               2490.7                 6/1/2007                  306000                                  305944.55       Purchase                                           9.55       Full Documentation                         A                                 510000                    510000                    510000                         306000       2 mo int or 60 days int on UPB
121054509                                              1370.44                 6/1/2007                  148000                                  147943.06       Cash Out Refinance                                10.65       Full Documentation                         AA+                               185000                    185000                         0                         148000       2 mo int on 80%
121054549                                               974.19                 6/1/2007                  120000                                  119871.13       Cash Out Refinance                                  9.1       Full Documentation                         AA+                               150000                    140000                         0                      119935.81       None
121054559                                              1016.29                 6/1/2007                  108000                                  107960.21       Rate/Term Refinance                               10.85       Full Documentation                         AA+                               120000                    120000                         0                         108000       None
121054562                                               638.95                 6/1/2007                   61200                                   61183.25       Cash Out Refinance                                 12.2       Full Documentation                         AA+                                68000                     65000                         0                          61200       None
121054565                                              2218.16                 6/1/2007                  232000                                  231918.17       Cash Out Refinance                                11.05       Stated Income Documentation                AA+                               290000                    265000                         0                         232000       None
121054580                                              1427.94                 7/1/2007                  187000                                  186884.96       Cash Out Refinance                                8.425       Full Documentation                         AA+                               234000                    234000                         0                      186884.96       6 mo int on 80%
121054587                                               953.29                 6/1/2007                  100500                                  100463.77       Rate/Term Refinance                               10.95       Full Documentation                         C                                 134000                    134000                         0                         100500       None
121054605                                              2221.64                 7/1/2007                  282400                                  282126.45       Rate/Term Refinance                                8.75       Business Bank Statements                   A                                 353000                    353000                         0                         282400       None
121054684                                              2647.49                 6/1/2007                  332000                                  331814.84       Rate/Term Refinance                                 8.9       Full Documentation                         AA+                               415000                    375000                         0                         332000       2 mo int on 80%
121054703                                              1294.97                 6/1/2007                  148500                                  148365.95       Rate/Term Refinance                               9.925       Full Documentation                         AA+                               165000                    165000                         0                      148433.25       3% / 2%
121054705                                                979.2                 6/1/2007                  126000                                  125973.68       Purchase                                          9.075       Full Documentation                         AA+                               185000                    185000                    180000                         126000       6 mo int on 80%
121054706                                              1101.59                 6/1/2007                  129600                                  129537.91       Purchase                                          9.625       Full Documentation                         AA+                               162000                    162000                    162000                         129600       None
121054713                                               936.39                 7/1/2007                  143500                                  143451.52       Cash Out Refinance                                7.425       Full Documentation                         AA+                               185000                    185000                         0                         143500       None
121054737                                              1267.43                 6/1/2007                  132300                                  132253.59       Purchase                                         11.075       Stated Income Documentation                AA+                               150000                    147000                    147000                         132300       1% of amt prepaid
121054739                                               952.61                 6/1/2007                  101745                                  101721.96       Cash Out Refinance                                 11.1       Full Documentation                         AA+                               119700                    119700                         0                      101733.53       None
121054741                                              1292.41                 6/1/2007                  150750                                  150608.01       Purchase                                          9.725       Full Documentation                         AA                                186000                    186000                    167500                      150679.29       None
121054746                                               793.95                 6/1/2007                   93500                                   93485.22       Purchase                                             10       Stated Income Documentation                AA+                               117000                    106000                    116875                          93500       6 mo int on 80%
121054756                                               1988.4                 6/1/2007                  261000                                   260838.6       Cash Out Refinance                                  8.4       Full Documentation                         AA+                               290000                    292000                         0                         261000       2 mo int or 60 days int on UPB
121054791                                               594.99                 6/1/2007                   58500                                    58482.7       Cash Out Refinance                                11.85       Full Documentation                         A                                  65000                     65000                         0                          58500       None
121054857                                              2268.11                 6/1/2007                  297000                                  296934.64       Rate/Term Refinance                                 8.9       Full Documentation                         AA+                               330000                    330000                         0                         297000       None
121054906                                              1754.03                 7/1/2007                  225000                                  224867.84       Cash Out Refinance                                 8.65       Full Documentation                         A                                 250000                    238000                         0                      224867.84       None
121054962                                              2062.99                 7/1/2007                  221000                                   220916.8       Rate/Term Refinance                               10.75       Full Documentation                         CC                                340000                    340000                         0                         221000       2 mo int or 60 days int on UPB
151039848                                              1757.16                 6/1/2007                  244800                                  243750.67       Cash Out Refinance                                 7.77       Stated Income Documentation                AA+                               332000                    288000                         0                      244104.97       None
151041803                                              1744.25                 5/1/2007                  168000                                  167906.03       Cash Out Refinance                               12.125       Full Documentation                         B                                 345000                    345000                         0                      167866.04       None
151041996                                              1809.41                 6/1/2007                  215000                                  214894.47       Cash Out Refinance                                 9.51       Full Documentation                         AA+                               315000                    315000                         0                         215000       None
151042394                                              1842.62                 6/1/2007                  207000                                  206943.92       Rate/Term Refinance                               10.52       Full Documentation                         C                                 235000                    235000                         0                      206972.08       None
151042775                                              1686.95                 7/1/2007                  216000                                  215746.39       Cash Out Refinance                                 8.67       Full Documentation                         AA+                               360000                    360000                         0                      215873.65       None
151042807                                              2074.56                 6/1/2007                  236000                                  235896.04       Rate/Term Refinance                               10.02       Full Documentation                         AA+                               295000                    295000                         0                         236000       None
151043084                                              1902.06                 6/1/2007                  252000                                  251680.78       Cash Out Refinance                                  8.3       Stated Income Documentation                AA                                280000                    267000                         0                      251840.94       6 mo int on 80%
151043495                                              1644.86                 7/1/2007                  175500                                  175327.32       Cash Out Refinance                                 10.8       Full Documentation                         A                                 195000                    195000                         0                         175500       6 mo int on 80%
151043907                                               938.97                 7/1/2007                  121000                                  120799.54       Cash Out Refinance                                  8.6       Stated Income Documentation                AA+                               152000                    152000                         0                      120799.54       6 mo int on 80%
151043937                                              2172.13                 7/1/2007                  210000                                  209967.57       Cash Out Refinance                                12.32       Stated Income Documentation                AA                                300000                    300000                         0                      209983.87       None
151043983                                              2070.68                 6/1/2007                  297600                                  297072.64       Cash Out Refinance                                 7.45       Full Documentation                         AA+                               379000                    379000                         0                       297297.6       6 mo int on 80%
151043998                                               683.36                 6/1/2007                   79200                                   79126.58       Rate/Term Refinance                                 9.8       Stated Income Documentation                AA+                                99000                     95000                         0                       79163.44       6 mo int on 80%
151044061                                              1448.87                 6/1/2007                  166500                                  166424.76       Purchase                                            9.9       Full Documentation                         AA+                               185000                    185000                    185000                         166500       6 mo int on 80%
151044138                                               846.19                 7/1/2007                  112500                                  112474.12       Cash Out Refinance                                 8.75       Full Documentation                         AA                                150000                    150000                         0                         112500       None
151044146                                               942.73                 6/1/2007                   93750                                   93692.38       Cash Out Refinance                                 11.7       Stated Income Documentation                AA+                               125000                    125000                         0                       93721.33       None
151044155                                              2010.68                 6/1/2007                  287000                                  286787.85       Cash Out Refinance                                 7.52       Full Documentation                         A                                 490000                    490000                         0                         287000       6 mo int on 80%
151044184                                              2931.17                 6/1/2007                  409000                                     409000       Cash Out Refinance                                  8.6       Stated Income Documentation                AA+                               555000                    555000                         0                         409000       None
151044209                                              1509.17                 7/1/2007                  212000                                  211885.67       Cash Out Refinance                                 8.22       Stated Income Documentation                AA+                               265000                    265000                         0                      211943.03       None
151044241                                              1173.84                 6/1/2007                  143000                                  142925.47       Cash Out Refinance                                9.225       Full Documentation                         A                                 220000                    220000                         0                         143000       None
151044256                                              3516.07                 6/1/2007                  450000                                  449737.06       Cash Out Refinance                                8.675       Stated Income Documentation                AA+                               710000                    710000                         0                         450000       None
151044286                                              3742.81                 6/1/2007                  425000                                  424880.53       Cash Out Refinance                                 10.4       Stated Income Documentation                A                                 500000                    500000                         0                      424940.52       None
151044294                                              2735.44                 6/1/2007                  323910                                  323752.34       Purchase                                           9.55       Full Documentation                         AA+                               360000                    360000                    359900                         323910       None
151044301                                              1274.61                 7/1/2007                  152910                                  152833.18       Purchase                                            9.4       Full Documentation                         A                                 170000                    170000                    169900                         152910       6 mo int on 80%
151044332                                              2412.51                 6/1/2007                  270300                                  270263.88       Cash Out Refinance                                10.55       Full Documentation                         A                                 318000                    318000                         0                         270300       None
151044343                                              1456.96                 6/1/2007                  161250                                  161117.07       Cash Out Refinance                                10.35       Full Documentation                         A                                 225000                    225000                         0                      161183.82       6 mo int on 80%
151044359                                              2847.36                 6/1/2007                  307500                                   307381.7       Cash Out Refinance                                10.65       Business Bank Statements                   AA+                               410000                    410000                         0                         307500       None
151044361                                              1725.42                 7/1/2007                  260000                                  259570.42       Cash Out Refinance                                6.975       Lite Documentation                         AA+                               350000                    350000                         0                      259785.83       None
151044362                                              1500.08                 7/1/2007                  206000                                  205718.11       Cash Out Refinance                                 7.92       Stated Income Documentation                AA+                               415000                    415000                         0                      205859.52       None
151044439                                               990.58                 6/1/2007                  135000                                  134909.42       Cash Out Refinance                                    8       Full Documentation                         AA+                               200000                    200000                         0                         135000       6 mo int on 80%
151044463                                              1793.08                 7/1/2007                  229590                                  229455.71       Cash Out Refinance                                 8.67       Full Documentation                         A                                 328000                    328000                         0                         229590       None
151044471                                               893.52                 6/1/2007                  104000                                  103951.48       Purchase                                           9.75       Stated Income Documentation                AA+                               132000                    132000                    130000                         104000       6 mo int on 80%
151044473                                              1338.01                 6/1/2007                  126750                                  126716.46       Rate/Term Refinance                               12.35       Full Documentation                         CC                                195000                    195000                         0                         126750       6 mo int on 80%
151044485                                              1030.99                 6/1/2007                  120000                                  119944.01       Cash Out Refinance                                 9.75       Stated Income Documentation                AA+                               185000                    185000                         0                         120000       None
151044503                                              3515.57                 6/1/2007                  404000                                  403817.43       Purchase                                            9.9       Full Documentation                         AA                                505000                    505000                    505000                         404000       None
151044533                                              1175.36                 6/1/2007                  116000                                  115965.31       Purchase                                           11.8       Stated Income Documentation                B                                 149000                    149000                    145000                         116000       6 mo int on 80%
151044544                                              1371.06                 7/1/2007                  162000                                  161842.51       Cash Out Refinance                                9.575       Full Documentation                         AA+                               180000                    180000                         0                      161921.57       1% of amt ppd if loan greater than $150K
151044551                                              2480.04                 6/1/2007                  285000                                  284741.36       Cash Out Refinance                                  9.9       Full Documentation                         A                                 380000                    380000                         0                      284871.21       None
151044556                                              1568.01                 6/1/2007                  164000                                  163942.16       Cash Out Refinance                                11.05       Stated Income Documentation                AA+                               240000                    205000                         0                         164000       None
151044582                                               2263.1                 6/1/2007                  322000                                   321910.4       Cash Out Refinance                                  8.1       Full Documentation                         AA+                               525000                    525000                         0                         322000       None
151044588                                              1685.36                 6/1/2007                  185000                                  184850.71       Cash Out Refinance                                10.45       Full Documentation                         A                                 231500                    231500                         0                      184925.68       None
151044602                                              1876.58                 5/1/2007                  195500                                  195362.96       Rate/Term Refinance                                11.1       Full Documentation                         AA+                               230000                    210000                         0                         195500       None
151044623                                              2286.21                 6/1/2007                  247500                                  247404.17       Cash Out Refinance                                10.62       Stated Income Documentation                AA+                               330000                    330000                         0                         247500       None
151044628                                               783.72                 6/1/2007                   76050                                   76028.36       Cash Out Refinance                               12.025       Stated Income Documentation                AA+                               117000                    117000                         0                          76050       6 mo int on 80%
151044638                                              1774.38                 6/1/2007                  211500                                  211465.21       Cash Out Refinance                                 9.87       Full Documentation                         A                                 235000                    235000                         0                         211500       6 mo int on 80%
151044639                                              3198.53                 6/1/2007                  307500                                  307414.91       Cash Out Refinance                                12.15       Stated Income Documentation                AA+                               410000                    410000                         0                         307500       None
151044652                                               869.28                 6/1/2007                   81450                                    81408.1       Purchase                                           12.5       Stated Income Documentation                AA+                               132000                    132000                     90500                       81429.16       None
151044653                                              1082.25                 6/1/2007                  108450                                  108381.87       Purchase                                           11.6       Stated Income Documentation                AA+                               132000                    132000                    120500                       108416.1       None
151044656                                              1202.06                 7/1/2007                  189000                                  188861.51       Cash Out Refinance                                  7.2       Full Documentation                         AA                                255000                    210000                         0                      188861.51       6 mo int on 80%
151044668                                              1198.89                 6/1/2007                  130000                                  129949.44       Cash Out Refinance                                 10.6       Full Documentation                         AA+                               170000                    155000                         0                         130000       6 mo int on 80%
151044718                                              1945.72                 6/1/2007                  230000                                  229888.53       Cash Out Refinance                                 9.57       Stated Income Documentation                B                                 340000                    340000                         0                         230000       None
151044723                                               1670.1                 6/1/2007                  210000                                  209882.15       Cash Out Refinance                                 8.87       Full Documentation                         AA                                240000                    240000                         0                         210000       None
151044740                                              1402.61                 6/1/2007                  202500                                  202476.08       Rate/Term Refinance                                8.17       Full Documentation                         AA+                               225000                    225000                         0                         202500       None
151044756                                               633.51                 7/1/2007                   63000                                   62980.74       Purchase                                           11.7       Full Documentation                         AA+                                70000                     70000                     70000                          63000       6 mo int on 80%
151044780                                              1952.96                 6/1/2007                  225000                                  224897.67       Purchase                                           9.87       Business Bank Statements                   AA+                               258000                    258000                    250000                         225000       None
151044795                                              3855.44                 6/1/2007                  509979                                  509863.41       Cash Out Refinance                                  8.8       Stated Income Documentation                AA+                               690000                    690000                         0                         509979       None
151044812                                              2210.67                 6/1/2007                  244000                                  243969.06       Cash Out Refinance                                10.72       Stated Income Documentation                AA                                305000                    305000                         0                         244000       None
151044876                                              3196.73                 7/1/2007                  383500                                  383307.35       Cash Out Refinance                                  9.4       Stated Income Documentation                AA+                               590000                    540000                         0                         383500       None
151044891                                              1437.56                 6/1/2007                  154000                                  153942.02       Cash Out Refinance                                10.75       Full Documentation                         A                                 196000                    196000                         0                         154000       None
151044895                                              1893.61                 6/1/2007                  245000                                  244947.97       Cash Out Refinance                                 9.02       Full Documentation                         B                                 350000                    350000                         0                         245000       None
151044963                                              4201.31                 6/1/2007                  408750                                  408632.78       Cash Out Refinance                                11.99       Stated Income Documentation                AA                                545000                    545000                         0                         408750       6 mo int on 80%
151044980                                              1327.77                 7/1/2007                  151300                                  151233.06       Rate/Term Refinance                                  10       Full Documentation                         AA+                               178000                    178000                         0                         151300       6 mo int on 80%
151045062                                              1861.31                 7/1/2007                  252000                                  251976.19       Cash Out Refinance                                 8.75       Full Documentation                         AA                                280000                    280000                         0                      251976.19       None
161053979                                              2292.54                 6/1/2007                  286200                                  286042.04       Purchase                                           8.95       Full Documentation                         AA+                               318000                    318000                    325000                         286200       6 mo int on 80%
161054121                                              2522.19                 6/1/2007                  328020                                  327821.29       Rate/Term Refinance                                 8.5       Full Documentation                         AA+                               420000                    420000                         0                         328020       None
161054129                                              2493.37                 6/1/2007                  339000                                  338545.87       Cash Out Refinance                                8.025       Stated Income Documentation                AA+                               485000                    485000                         0                      338773.69       None
161054140                                              1878.52                 7/1/2007                  253000                                   252834.5       Cash Out Refinance                                8.125       Full Documentation                         AA                                343000                    343000                         0                         253000       None
161054187                                              2149.24                 6/1/2007                  300000                                  299575.15       Cash Out Refinance                                 7.75       Full Documentation                         AA                                460000                    400000                         0                      299788.26       None
161054200                                                751.3                 7/1/2007                   80000                                   79970.37       Cash Out Refinance                               10.825       Lite Documentation                         AA+                               160000                    160000                         0                       79970.37       None
161054256                                              1451.79                 6/1/2007                  196000                                  195952.88       Cash Out Refinance                                  8.6       Business Bank Statements                   AA+                               245000                    245000                         0                         196000       None
161054258                                               900.09                 6/1/2007                  114400                                  114353.78       Cash Out Refinance                                  9.2       Full Documentation                         B                                 143000                    143000                         0                      114376.98       None
161054265                                              2212.42                 7/1/2007                  267750                                  267612.64       Cash Out Refinance                                  9.3       Full Documentation                         AA+                               315000                    315000                         0                         267750       None
161054269                                              1710.66                 6/1/2007                  215100                                  214979.29       Purchase                                           8.87       Full Documentation                         AA+                               280000                    280000                    239000                         215100       None
161054278                                              2860.74                 6/1/2007                  344250                                  344208.47       Cash Out Refinance                                  9.9       Stated Income Documentation                AA+                               405000                    370000                         0                      344229.32       None
161054287                                              1009.41                 7/1/2007                  100000                                   99969.76       Cash Out Refinance                                11.75       Stated Income Documentation                C                                 265000                    265000                         0                         100000       6 mo int on 80%
161054293                                               672.68                 7/1/2007                   80000                                   79960.65       Cash Out Refinance                                  9.5       Full Documentation                         AA+                               294000                    294000                         0                          80000       None
161054312                                              1993.47                 6/1/2007                  267750                                  267686.56       Rate/Term Refinance                                8.65       Full Documentation                         AA+                               315000                    285000                         0                         267750       None
161054332                                              2454.11                 7/1/2007                  297000                                  296847.64       Rate/Term Refinance                                 9.3       Full Documentation                         AA                                421000                    421000                         0                         297000       6 mo int on 80%
161054358                                              1449.94                 6/1/2007                  193000                                  192753.03       Cash Out Refinance                                 8.25       Full Documentation                         AA+                               330000                    300000                         0                      192876.94       6 mo int on 80%
161054362                                              2036.97                 6/1/2007                  274988                                  274625.18       Cash Out Refinance                                  8.1       Full Documentation                         AA+                               370000                    370000                         0                       274807.2       None
161054366                                               944.65                 6/1/2007                  104550                                  104463.81       Cash Out Refinance                                10.35       Full Documentation                         AA                                123000                    123000                         0                      104507.09       None
161054378                                              2254.95                 6/1/2007                  280500                                  280346.46       Rate/Term Refinance                                8.99       Full Documentation                         AA+                               330000                    330000                         0                         280500       None
161054384                                              1997.11                 6/1/2007                  229600                                  229496.13       Cash Out Refinance                                9.895       Stated Income Documentation                A                                 328000                    328000                         0                         229600       6 mo int on 80%
161054385                                               1491.3                 7/1/2007                  200000                                  199739.85       Cash Out Refinance                                 8.17       Stated Income Documentation                AA+                               480000                    480000                         0                      199870.37       None
161054399                                              1154.82                 6/1/2007                  194400                                  194325.75       Cash Out Refinance                                  6.9       Full Documentation                         AA+                               216000                    206000                         0                      194362.98       6 mo int on 80%
161054411                                               1485.3                 6/1/2007                  203000                                  202725.01       Cash Out Refinance                                 7.97       Full Documentation                         A                                 290000                    290000                         0                      202862.96       6 mo int on 80%
161054438                                               875.77                 6/1/2007                  100800                                  100785.23       Purchase                                          10.25       Stated Income Documentation                AA+                               113000                    113000                    112000                         100800       None
161054450                                              2373.92                 7/1/2007                  369000                                  368731.82       Cash Out Refinance                                  7.3       Full Documentation                         AA+                               455000                    455000                         0                      368861.83       None
161054455                                              2652.27                 7/1/2007                  367500                                  367404.19       Cash Out Refinance                                 8.35       Full Documentation                         A                                 490000                    490000                         0                         367500       None
161054457                                              2313.64                 6/1/2007                  280000                                  279856.36       Cash Out Refinance                                  9.3       Stated Income Documentation                AA                                350000                    350000                         0                         280000       None
161054486                                              1964.02                 6/1/2007                  259000                                  258838.19       Cash Out Refinance                                 8.35       Full Documentation                         AA                                306000                    306000                         0                         259000       None
161054493                                              1794.03                 6/1/2007                  208000                                  207937.28       Cash Out Refinance                                10.17       Full Documentation                         AA+                               260000                    260000                         0                      207968.77       None
161054518                                              1547.76                 6/1/2007                  200000                                  199760.29       Cash Out Refinance                                 8.57       Full Documentation                         A                                 275000                    275000                         0                         200000       None
161054519                                              1732.27                 7/1/2007                  256500                                  256467.04       Cash Out Refinance                                 7.95       Full Documentation                         AA                                285000                    285000                         0                         256500       None
161054530                                              1541.63                 6/1/2007                  198000                                  197984.62       Cash Out Refinance                                 9.25       Stated Income Documentation                AA+                               220000                    220000                         0                         198000       6 mo int on 80%
161054533                                              2070.13                 6/1/2007                  238500                                  238391.53       Cash Out Refinance                                 9.87       Full Documentation                         B                                 265000                    265000                         0                         238500       None
161054550                                               958.58                 7/1/2007                  127000                                  126919.84       Cash Out Refinance                                  8.3       Business Bank Statements                   AA+                               228000                    228000                         0                         127000       6 mo int on 80%
161054552                                              1797.35                 6/1/2007                  307000                                  306865.57       Cash Out Refinance                                  6.5       Full Documentation                         AA+                               497000                    497000                         0                         307000       None
161054554                                              1559.53                 6/1/2007                  179500                                   179473.7       Rate/Term Refinance                               10.25       Full Documentation                         B                                 225000                    225000                         0                         179500       6 mo int on 80%
161054556                                              1133.64                 6/1/2007                  130000                                  129941.57       Cash Out Refinance                                9.925       Full Documentation                         AA                                194900                    194900                         0                         130000       None
161054564                                              1266.86                 7/1/2007                  207000                                  206917.42       Cash Out Refinance                                 6.87       Full Documentation                         AA+                               230000                    230000                         0                      206917.42       None
161054565                                              1310.86                 6/1/2007                  182975                                  182715.87       Cash Out Refinance                                 7.75       Full Documentation                         A                                 281500                    281500                         0                      182845.85       None
161054567                                              1692.47                 6/1/2007                  217700                                  217571.34       Cash Out Refinance                                 8.62       Business Bank Statements                   AA+                               303000                    303000                         0                         217700       None
161054571                                              3466.94                 6/1/2007                  365500                                  365368.25       Cash Out Refinance                                10.95       Business Bank Statements                   AA+                               430000                    430000                         0                         365500       6 mo int on 80%
161054587                                              1896.55                 5/1/2007                  239400                                  239305.27       Cash Out Refinance                                 9.27       Full Documentation                         AA                                266000                    266000                         0                         239400       6 mo int on 80%
161054610                                              1167.79                 6/1/2007                  154000                                  153903.79       Cash Out Refinance                                 8.35       Full Documentation                         AA+                               235000                    185000                         0                         154000       6 mo int on 80%
161054671                                              3153.88                 7/1/2007                  331200                                  331164.92       Cash Out Refinance                                 11.3       Stated Income Documentation                AA                                368000                    368000                         0                         331200       None
171042868                                               817.67                 6/1/2007                  103000                                  102883.49       Rate/Term Refinance                                8.85       Full Documentation                         AA+                               270000                    270000                         0                      102941.96       None
171042946                                              1287.22                 6/1/2007                  109000                                  108548.87       Cash Out Refinance                                 11.7       Full Documentation                         A                                 156200                    156200                         0                      108775.53       3% / 2% / 1%
171043092                                              1245.58                 6/1/2007                  139000                                  138882.92       Purchase                                          10.25       Full Documentation                         AA                                179900                    179900                    154500                         139000       6 mo int on 80%
171043180                                              1159.84                 7/1/2007                  123750                                  123703.91       Cash Out Refinance                                 10.8       Full Documentation                         C                                 225000                    225000                         0                         123750       6 mo int on 80%
171043217                                              2021.82                 7/1/2007                  257000                                  256025.02       Cash Out Refinance                                 8.75       Full Documentation                         B                                 325000                    325000                         0                      256852.14       6 mo int on 80%
171043261                                               840.85                 6/1/2007                  100000                                   99901.25       Cash Out Refinance                                  9.5       Full Documentation                         AA+                               128000                    128000                         0                       99950.82       6 mo int on 80%
171043421                                              2296.12                 6/1/2007                  300000                                  299514.13       Cash Out Refinance                                 8.45       Full Documentation                         B                                 526000                    526000                         0                      299699.86       6 mo int on 80%
171043633                                              1433.76                 6/1/2007                  160000                                  159865.24       Cash Out Refinance                                10.25       Full Documentation                         A                                 183000                    175000                         0                      159932.91       None
171043669                                               855.48                 7/1/2007                  100000                                   99905.32       Cash Out Refinance                                  9.7       Full Documentation                         A                                 305000                    305000                         0                       99952.85       None
171043681                                              1111.87                 7/1/2007                  148000                                  147810.61       Cash Out Refinance                                 8.25       Full Documentation                         AA+                               177000                    177000                         0                      147905.63       None
171043696                                               930.32                 6/1/2007                  112500                                   112442.4       Cash Out Refinance                                9.309       Full Documentation                         AA+                               150000                    150000                         0                         112500       6 mo int on 80%
171043704                                               951.33                 6/1/2007                  107950                                  107855.11       Cash Out Refinance                                10.05       Full Documentation                         AA                                127000                    127000                         0                      107902.75       None
171043771                                              1619.27                 7/1/2007                  197700                                  197236.77       Cash Out Refinance                                  9.2       Full Documentation                         AA                                220000                    220000                         0                      197469.27       2% of ppd amt
171043782                                              1867.44                 6/1/2007                  226000                                  225767.22       Cash Out Refinance                                  9.3       Stated Income Documentation                AA+                               266000                    266000                         0                      225884.06       None
171043803                                              1521.16                 6/1/2007                  170460                                  170314.89       Purchase                                           10.2       Stated Income Documentation                AA+                               190000                    190000                    189400                      170387.75       6 mo int on 80%
171043805                                              1237.23                 6/1/2007                  135810                                  135700.42       Purchase                                          10.45       Stated Income Documentation                AA+                               153000                    153000                    150900                      135755.45       6 mo int on 80%
171043807                                              2497.56                 6/1/2007                  342000                                  341534.84       Cash Out Refinance                                 7.95       Full Documentation                         AA+                               380000                    380000                         0                      341768.19       None
171043839                                               2107.3                 6/1/2007                  280500                                  280141.05       Cash Out Refinance                                 8.25       Full Documentation                         AA+                               330000                    300000                         0                      280321.14       6 mo int on 80%
171043865                                              1090.65                 6/1/2007                  145000                                  144933.04       Purchase                                           8.75       Full Documentation                         AA+                               167000                    167000                    167000                      144966.64       6 mo int on 80%
171043887                                              1376.73                 6/1/2007                  153000                                  152936.52       Cash Out Refinance                                 10.3       Stated Income Documentation                AA+                               170000                    162000                         0                         153000       6 mo int on 80%
171043919                                              1741.39                 6/1/2007                  197600                                   197426.3       Cash Out Refinance                                10.05       Full Documentation                         AA                                230400                    230400                         0                      197513.51       6 mo int on 80%
171043935                                               969.68                 7/1/2007                  137000                                  136870.52       Cash Out Refinance                                7.625       Full Documentation                         AA+                               162100                    162100                         0                      136870.52       3% / 2% / 1%
171043955                                              2339.94                 6/1/2007                  380985                                  380835.72       Cash Out Refinance                                  6.9       Full Documentation                         AA+                               630000                    575000                         0                         380985       6 mo int on 80%
171043965                                              1236.93                 6/1/2007                  187500                                  187447.85       Cash Out Refinance                                 7.75       Full Documentation                         AA+                               255000                    255000                         0                      187474.01       6 mo int on 80%
171043968                                              2417.35                 7/1/2007                  290000                                  289854.32       Cash Out Refinance                                  9.4       Full Documentation                         AA                                412000                    412000                         0                      289854.32       6 mo int on 80%
171043980                                               1548.8                 7/1/2007                  211200                                     211200       Purchase                                            8.8       Full Documentation                         AA+                               240000                    240000                    240000                         211200       6 mo int on 80%
171044000                                              1960.81                 6/1/2007                  261000                                  260833.57       Cash Out Refinance                                 8.25       Full Documentation                         AA+                               348000                    348000                         0                         261000       6 mo int on 80%
171044034                                              2115.07                 6/1/2007                  212250                                   211093.3       Cash Out Refinance                                  8.7       Business Bank Statements                   AA+                               283000                    283000                         0                      211673.74       6 mo int on 80%
171044049                                              1113.77                 7/1/2007                  129600                                  129593.23       Purchase                                          10.25       Stated Income Documentation                AA+                               170000                    170000                    162000                         129600       6 mo int on 80%
171044080                                               1134.9                 7/1/2007                  165000                                  164951.35       Cash Out Refinance                                  7.9       Full Documentation                         AA+                               211000                    211000                         0                      164951.35       6 mo int on 80%
171044081                                              1927.04                 6/1/2007                  247500                                  247461.39       Rate/Term Refinance                                9.25       Stated Income Documentation                AA                                280000                    280000                         0                      247480.77       6 mo int on 80%
171044093                                              1459.93                 6/1/2007                  220000                                  219939.88       Cash Out Refinance                                  7.8       Full Documentation                         AA+                               275000                    275000                         0                         219970       6 mo int on 80%
171044102                                              1669.69                 7/1/2007                  232000                                  231975.96       Cash Out Refinance                                8.512       Full Documentation                         AA+                               290000                    290000                         0                      231975.96       6 mo int on 80%
171044103                                              1616.45                 7/1/2007                  200000                                  199891.88       Purchase                                           9.05       Full Documentation                         AA+                               250000                    250000                    250000                      199891.88       6 mo int on 80%
171044108                                              1917.21                 7/1/2007                  229000                                  228886.17       Purchase                                           9.45       Stated Income Documentation                AA+                               281000                    281000                    261325                         229000       6 mo int on 80%
171044125                                              1437.87                 6/1/2007                  187000                                  186886.71       Cash Out Refinance                                  8.5       Full Documentation                         AA+                               220000                    220000                         0                         187000       6 mo int on 80%
171044129                                              1548.29                 6/1/2007                  204800                                  204753.58       Cash Out Refinance                                  8.8       Stated Income Documentation                AA+                               256000                    256000                         0                         204800       6 mo int on 80%
171044130                                              1459.15                 6/1/2007                  199040                                  198941.09       Purchase                                            8.5       Full Documentation                         AA                                250000                    250000                    248800                      198990.72       6 mo int on 80%
171044139                                              1785.08                 7/1/2007                  243500                                  243439.71       Cash Out Refinance                                  8.5       Full Documentation                         A                                 290000                    276000                         0                         243500       6 mo int on 80%
171044141                                              1037.42                 7/1/2007                  125000                                  124872.58       Cash Out Refinance                                 9.35       Full Documentation                         A                                 275000                    275000                         0                      124936.54       6 mo int on 80%
171044172                                              1213.61                 6/1/2007                  162555                                  162540.23       Cash Out Refinance                                 8.85       Full Documentation                         AA                                220000                    220000                         0                         162555       6 mo int on 80%
171044210                                               590.03                 6/1/2007                   75000                                   74956.85       Cash Out Refinance                                 8.75       Full Documentation                         A                                 120000                    120000                         0                          75000       6 mo int on 80%
171044226                                              2206.48                 6/1/2007                  332500                                  332409.25       Cash Out Refinance                                  7.8       Full Documentation                         AA+                               490000                    450000                         0                      332454.77       6 mo int on 80%
171044227                                              1148.85                 6/1/2007                  150800                                  150706.75       Cash Out Refinance                                  8.4       Full Documentation                         AA+                               179000                    179000                         0                         150800       6 mo int on 80%
171044228                                              1205.18                 6/1/2007                  195075                                  194710.48       Cash Out Refinance                                 6.95       Full Documentation                         AA+                               255000                    255000                         0                      194787.52       6 mo int on 80%
171044241                                               1573.4                 6/1/2007                  200000                                  199884.93       Cash Out Refinance                                 8.75       Full Documentation                         AA                                232000                    232000                         0                         200000       6 mo int on 80%
171044252                                              1261.14                 6/1/2007                  144500                                  144479.15       Cash Out Refinance                                 10.3       Stated Income Documentation                AA+                               170000                    170000                         0                         144500       6 mo int on 80%
171044266                                              1418.31                 6/1/2007                  255000                                  254941.69       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               660000                    660000                         0                         255000       None
171044271                                              1266.25                 8/1/2007                  206500                                  206464.15       Purchase                                           7.15       Full Documentation                         AA+                               260000                    260000                    260000                      206428.08       6 mo int on 80%
171044284                                              1449.31                 7/1/2007                  221000                                  220793.33       Cash Out Refinance                                  7.7       Full Documentation                         AA+                               260000                    260000                         0                         221000       6 mo int on 80%
171044292                                              1694.34                 6/1/2007                  248000                                  247969.33       Cash Out Refinance                                 8.05       Stated Income Documentation                AA+                               310000                    310000                         0                         248000       None
171044296                                               998.01                 6/1/2007                  139750                                  139712.77       Cash Out Refinance                                 8.25       Stated Income Documentation                AA+                               215000                    215000                         0                         139750       6 mo int on 80%
171044307                                              1530.67                 6/1/2007                  231300                                  231224.59       Cash Out Refinance                                 7.55       Full Documentation                         AA+                               257000                    257000                         0                         231300       6 mo int on 80%
171044350                                              1172.82                 6/1/2007                  164500                                  164382.72       Cash Out Refinance                                  7.7       Full Documentation                         AA+                               235000                    235000                         0                         164500       6 mo int on 80%
171044402                                              1140.42                 6/1/2007                  154400                                  154385.41       Purchase                                           8.75       Full Documentation                         AA+                               193000                    193000                    193000                         154400       6 mo int on 80%
171044447                                               845.97                 6/1/2007                  129000                                  128981.78       Rate/Term Refinance                                 7.7       Full Documentation                         AA+                               306000                    265000                         0                         129000       6 mo int on 80%
171044453                                              1562.03                 6/1/2007                  247270                                  247230.74       Cash Out Refinance                                 7.39       Full Documentation                         AA+                               313000                    313000                         0                         247270       6 mo int on 80%
171044463                                              1576.82                 6/1/2007                  182750                                  182665.64       Purchase                                            9.8       Stated Income Documentation                AA+                               215000                    215000                    215000                         182750       6 mo int on 80%
171044488                                              1962.98                 6/1/2007                  229500                                  229487.77       Cash Out Refinance                                 10.2       Stated Income Documentation                AA+                               255000                    255000                         0                         229500       6 mo int on 80%
191037099                                              1667.89                 6/1/2007                  262100                                  261977.18       Cash Out Refinance                                 7.45       Full Documentation                         B                                 378000                    378000                         0                      262018.37       6 mo int on 80%
191037708                                              1407.54                 7/1/2007                  192000                                  191952.46       Cash Out Refinance                                  8.5       Full Documentation                         AA+                               240000                    240000                         0                         192000       6 mo int on 80%
191037758                                              1507.38                 6/1/2007                  226800                                  226613.73       Cash Out Refinance                                 6.99       Full Documentation                         AA+                               252000                    245000                         0                         226800       6 mo int on 80%
191038215                                              1487.94                 6/1/2007                  162000                                  161872.06       Cash Out Refinance                                10.55       Full Documentation                         A                                 180000                    180000                         0                      161936.31       6 mo int on 80%
191038652                                               853.91                 6/1/2007                  108000                                  107984.12       Rate/Term Refinance                                 9.4       Full Documentation                         AA+                               120000                    120000                         0                      107992.09       6 mo int on 80%
191038750                                              1646.57                 7/1/2007                  217800                                   217700.9       Rate/Term Refinance                                 8.8       Business Bank Statements                   AA+                               242000                    242000                         0                      217750.63       6 mo int on 80%
191038863                                              1393.79                 6/1/2007                  174000                                   173807.2       Cash Out Refinance                                 8.95       Stated Income Documentation                AA                                224700                    224700                         0                      173903.96       6 mo int on 80%
191038913                                              2038.88                 6/1/2007                  320400                                  320300.23       Cash Out Refinance                                 7.45       Business Bank Statements                   AA+                               367000                    367000                         0                      320350.27       6 mo int on 80%
191038917                                              2125.79                 6/1/2007                  357850                                  357713.31       Cash Out Refinance                                  6.9       Full Documentation                         AA+                               421000                    385000                         0                      357781.85       None
191038928                                              1894.99                 6/1/2007                  248500                                  248455.94       Cash Out Refinance                                 9.05       Stated Income Documentation                AA                                355000                    355000                         0                         248477       6 mo int on 80%
191038951                                              1545.81                 6/1/2007                  220000                                  219838.36       Cash Out Refinance                                 7.55       Full Documentation                         AA+                               360000                    360000                         0                         220000       6 mo int on 80%
191038963                                              1706.91                 6/1/2007                  265000                                  264960.38       Purchase                                           7.55       Stated Income Documentation                AA+                               360000                    360000                    360000                         265000       6 mo int on 80%
191038965                                               925.52                 6/1/2007                  135000                                  134895.73       Cash Out Refinance                                  7.3       Full Documentation                         AA+                               180000                    180000                         0                         135000       6 mo int on 80%
191038982                                               729.67                 7/1/2007                  112500                                  112403.14       Rate/Term Refinance                                6.75       Full Documentation                         A                                 135000                    135000                         0                         112500       6 mo int on 80%
191039020                                                 1451                 6/1/2007                  203000                                  202956.77       Cash Out Refinance                                 8.45       Full Documentation                         A                                 360000                    360000                         0                      202978.46       6 mo int on 80%
191039034                                              1920.53                 7/1/2007                  200000                                  199958.74       Rate/Term Refinance                                11.4       Full Documentation                         CC                                255000                    255000                         0                      199979.47       6 mo int on 80%
191039048                                              1328.21                 7/1/2007                  210000                                  209966.79       Cash Out Refinance                                  7.4       Full Documentation                         AA+                               280000                    280000                         0                         210000       6 mo int on 80%
191039049                                              2045.81                 7/1/2007                  252000                                  251865.19       Cash Out Refinance                                  9.1       Stated Income Documentation                AA+                               327000                    300000                         0                         252000       6 mo int on 80%
191039074                                              1348.98                 6/1/2007                  189900                                  189848.67       Cash Out Refinance                                  8.2       Full Documentation                         AA+                               211000                    211000                         0                         189900       6 mo int on 80%
191039107                                              3079.57                 6/1/2007                  342000                                  341910.97       Rate/Term Refinance                               10.65       Stated Income Documentation                AA+                               380000                    365000                         0                      341955.68       6 mo int on 80%
191039111                                              1843.68                 6/1/2007                  231200                                  230941.15       Cash Out Refinance                                  8.9       Full Documentation                         AA+                               290000                    278000                         0                      231071.05       6 mo int on 80%
191039113                                              1465.13                 6/1/2007                  172000                                  171835.42       Cash Out Refinance                                 9.65       Full Documentation                         AA+                               215000                    215000                         0                      171918.04       6 mo int on 80%
191039114                                              1362.91                 6/1/2007                  160000                                   159846.9       Cash Out Refinance                                 9.65       Full Documentation                         AA+                               200000                    200000                         0                      159923.76       6 mo int on 80%
191039115                                              1294.77                 6/1/2007                  152000                                  151854.54       Cash Out Refinance                                 9.65       Full Documentation                         AA+                               190000                    190000                         0                      151927.56       6 mo int on 80%
191039151                                              1571.98                 6/1/2007                  178500                                   178449.8       Cash Out Refinance                                 10.4       Full Documentation                         C                                 210000                    190000                         0                         178475       6 mo int on 80%
191039186                                              2128.96                 7/1/2007                  299700                                  299537.43       Cash Out Refinance                                  8.2       Business Bank Statements                   AA                                336000                    336000                         0                      299618.99       6 mo int on 80%
191039191                                              2460.64                 6/1/2007                  336000                                  335916.56       Cash Out Refinance                                 8.49       Full Documentation                         AA+                               415000                    380000                         0                         336000       6 mo int on 80%
191039192                                              2162.75                 6/1/2007                  324000                                  323956.75       Cash Out Refinance                                 7.85       Full Documentation                         AA+                               360000                    360000                         0                         324000       None
191039209                                              2380.21                 6/1/2007                  333000                                  332964.67       Rate/Term Refinance                                8.45       Stated Income Documentation                AA+                               370000                    370000                         0                         333000       6 mo int on 80%
191039213                                              2936.23                 6/1/2007                  336000                                  335698.29       Cash Out Refinance                                 9.95       Full Documentation                         CC                                586000                    586000                         0                      335849.77       6 mo int on 80%
191039219                                                887.2                 6/1/2007                  104000                                   103983.8       Purchase                                          10.05       Full Documentation                         AA                                155000                    155000                    130000                         104000       6 mo int on 80%
191039231                                              1863.14                 6/1/2007                  324000                                  323864.35       Cash Out Refinance                                 6.65       Full Documentation                         AA+                               360000                    360000                         0                      323932.36       6 mo int on 80%
191039239                                              1962.08                 6/1/2007                  252000                                  251980.42       Cash Out Refinance                                 9.25       Stated Income Documentation                AA+                               335000                    335000                         0                         252000       None
191039249                                              1587.32                 6/1/2007                  266250                                  266138.15       Cash Out Refinance                                 6.65       Full Documentation                         AA+                               355000                    355000                         0                         266250       6 mo int on 80%
191039257                                              1560.52                 6/1/2007                  230000                                   229941.6       Cash Out Refinance                                 7.99       Stated Income Documentation                AA+                               380000                    380000                         0                       229970.9       6 mo int on 80%
191039278                                              1971.06                 6/1/2007                  234900                                  234872.77       Cash Out Refinance                                   10       Business Bank Statements                   AA+                               261000                    261000                         0                      234886.44       None
191039280                                               1154.9                 6/1/2007                  135000                                  134936.35       Cash Out Refinance                                  9.7       Business Bank Statements                   AA+                               305000                    280000                         0                         135000       6 mo int on 80%
191039312                                              1518.28                 7/1/2007                  216000                                  215975.72       Cash Out Refinance                                  8.3       Full Documentation                         AA+                               270000                    270000                         0                         216000       6 mo int on 80%
191039336                                              2217.72                 6/1/2007                  214000                                  213879.62       Cash Out Refinance                                 12.1       Full Documentation                         CC                                310000                    310000                         0                      213940.11       6 mo int on 80%
191039370                                              1547.71                 6/1/2007                  235000                                  234803.54       Cash Out Refinance                                  6.9       Full Documentation                         AA+                               350000                    350000                         0                         235000       6 mo int on 80%
191039372                                              2468.06                 6/1/2007                  360000                                  359721.94       Rate/Term Refinance                                 7.3       Full Documentation                         AA+                               450000                    450000                         0                         360000       6 mo int on 80%
191039377                                              4108.68                 6/1/2007                  416500                                  416365.42       Purchase                                          11.45       Stated Income Documentation                AA+                               490000                    490000                    490000                         416500       None
191039385                                              2124.34                 6/1/2007                  270000                                  269945.66       Cash Out Refinance                                  9.2       Full Documentation                         AA+                               300000                    300000                         0                         270000       6 mo int on 80%
191039405                                              1074.43                 6/1/2007                  157500                                  157377.13       Cash Out Refinance                                 7.25       No Documentation                           AA+                               620000                    620000                         0                         157500       6 mo int on 80%
191039413                                                 1166                 6/1/2007                  212000                                     212000       Cash Out Refinance                                  6.6       Full Documentation                         AA+                               320000                    320000                         0                         212000       6 mo int on 80%
191039415                                              1557.21                 6/1/2007                  234000                                  233924.79       Cash Out Refinance                                  7.6       Full Documentation                         AA+                               312000                    312000                         0                         234000       6 mo int on 80%
191039417                                              2051.93                 7/1/2007                  279900                                  279830.69       Cash Out Refinance                                  8.5       Stated Income Documentation                AA+                               360000                    360000                         0                         279900       6 mo int on 80%
191039423                                              1501.72                 6/1/2007                  178500                                  178470.91       Cash Out Refinance                                  9.9       Full Documentation                         AA+                               210000                    190000                         0                         178500       6 mo int on 80%
191039461                                               2325.9                 7/1/2007                  297000                                  296827.35       Cash Out Refinance                                  8.7       Full Documentation                         AA+                               335000                    335000                         0                      296827.35       6 mo int on 80%
191039462                                              1548.94                 7/1/2007                  260000                                  259890.59       Cash Out Refinance                                6.644       Full Documentation                         AA+                               375000                    375000                         0                         260000       6 mo int on 80%
191039495                                              1905.89                 6/1/2007                  325000                                  324935.78       Cash Out Refinance                                  6.8       Full Documentation                         AA+                               420000                    420000                         0                         325000       6 mo int on 80%
191039512                                              1097.77                 6/1/2007                  127800                                  127780.54       Purchase                                         10.125       Stated Income Documentation                AA+                               157500                    157500                    142000                         127800       6 mo int on 80%
191039531                                              1141.61                 6/1/2007                  140000                                  139925.89       Cash Out Refinance                                 9.15       Full Documentation                         C                                 200000                    200000                         0                         140000       6 mo int on 80%
191039536                                              3526.31                 6/1/2007                  412200                                  412005.64       Purchase                                            9.7       Full Documentation                         AA+                               472000                    472000                    458000                         412200       None
191039539                                              1459.72                 6/1/2007                  173600                                  173514.61       Cash Out Refinance                                  9.5       Stated Income Documentation                AA+                               217000                    217000                         0                         173600       6 mo int on 80%
191039570                                              1645.38                 6/1/2007                  304000                                  303925.29       Cash Out Refinance                                  6.2       Full Documentation                         AA+                               390000                    390000                         0                         304000       6 mo int on 80%
191039596                                              2099.62                 6/1/2007                  275600                                  275429.58       Rate/Term Refinance                                 8.4       Full Documentation                         AA+                               315000                    300000                         0                         275600       1% of UPB
191039607                                              1552.02                 6/1/2007                  200000                                  199881.31       Cash Out Refinance                                  8.6       Stated Income Documentation                AA+                               365000                    365000                         0                         200000       6 mo int on 80%
191039652                                              1649.71                 7/1/2007                  185805                                  185796.57       Purchase                                           10.6       Stated Income Documentation                AA+                               207000                    207000                    206450                         185805       6 mo int on 80%
211055076                                              2422.94                 6/1/2007                  394500                                  394189.99       Cash Out Refinance                                  6.9       Full Documentation                         AA+                               450000                    450000                         0                      394345.44       2 mo int on 66% if less than 8%
211055154                                              1578.86                 6/1/2007                  213750                                  213322.97       Cash Out Refinance                                 8.07       Full Documentation                         AA+                               285000                    285000                         0                      213466.27       2% of ppd amt
211055281                                              1919.89                 7/1/2007                  225000                                   224785.6       Cash Out Refinance                                 9.67       Stated Income Documentation                AA+                               250000                    250000                         0                      224893.23       6 mo int on 80%
211055871                                              1324.73                 6/1/2007                  165750                                  165658.04       Cash Out Refinance                                8.925       Full Documentation                         AA                                195000                    195000                         0                         165750       1% of amt ppd if loan greater than $150K
211056512                                              1171.94                 6/1/2007                  164978                                  164933.41       Cash Out Refinance                                  8.2       Full Documentation                         AA+                               240000                    240000                         0                         164978       None
211056530                                              2540.72                 6/1/2007                  270000                                  269800.16       Cash Out Refinance                                10.85       Stated Income Documentation                AA+                               300000                    300000                         0                      269900.53       None
211056620                                              1566.67                 7/1/2007                  228000                                  227972.33       Cash Out Refinance                                  8.1       Stated Income Documentation                AA+                               285000                    285000                         0                         228000       2% of ppd amt
211056771                                              2046.14                 6/1/2007                  233750                                     233541       Rate/Term Refinance                                9.97       Full Documentation                         AA+                               330000                    275000                         0                      233645.93       2% of ppd amt
211056830                                              1527.26                 6/1/2007                  249400                                  249202.62       Rate/Term Refinance                               6.875       Full Documentation                         AA+                               294000                    294000                         0                      249301.59       2 mo int on 66% if less than 8%
211056847                                              2423.58                 7/1/2007                  390000                                  389851.42       Cash Out Refinance                                    7       Full Documentation                         AA+                               900000                    900000                         0                      389851.42       2 mo int on 66% if less than 8%
211056995                                              1538.52                 6/1/2007                  192500                                   192393.2       Cash Out Refinance                                8.925       Full Documentation                         AA                                275000                    275000                         0                         192500       2% of ppd amt
211057020                                              1545.08                 6/1/2007                  190000                                  189796.75       Cash Out Refinance                                9.119       Full Documentation                         AA+                               230000                    230000                         0                      189898.76       2% of ppd amt
211057047                                              1086.71                 6/1/2007                  159300                                  159050.71       Rate/Term Refinance                                7.25       Stated Income Documentation                AA+                               298000                    298000                         0                      159175.73       6 mo int on 80%
211057091                                              1560.37                 6/1/2007                  202000                                   201756.9       Cash Out Refinance                                 8.55       Stated Income Documentation                AA+                               267000                    267000                         0                      201878.88       None
211057113                                              1205.62                 6/1/2007                  125600                                  125511.95       Cash Out Refinance                                 11.1       Stated Income Documentation                B                                 157000                    157000                         0                      125556.18       None
211057114                                              1837.82                 6/1/2007                  252000                                  251936.68       Purchase                                           8.45       Full Documentation                         AA+                               360000                    360000                    360000                         252000       None
211057135                                              1033.33                 6/1/2007                  160000                                     160000       Cash Out Refinance                                 7.75       Full Documentation                         AA+                               207000                    199000                         0                         160000       None
211057153                                              1645.99                 6/1/2007                  199200                                  199097.81       Cash Out Refinance                                  9.3       Full Documentation                         AA+                               249000                    249000                         0                         199200       6 mo int on 80%
211057169                                              2352.79                 6/1/2007                  302000                                  301874.28       Cash Out Refinance                                  9.1       Stated Income Documentation                AA+                               390000                    390000                         0                      301937.38       6 mo int on 80%
211057185                                              1454.29                 6/1/2007                  203010                                  202967.09       Rate/Term Refinance                                8.47       Full Documentation                         AA+                               300000                    285000                         0                      202988.62       2% of ppd amt
211057186                                               867.57                 6/1/2007                  118800                                  118638.43       Cash Out Refinance                                 7.95       Full Documentation                         AA+                               132000                    132000                         0                      118719.48       2% of ppd amt
211057206                                              1573.35                 7/1/2007                  212000                                  211861.18       Cash Out Refinance                                 8.12       Full Documentation                         B                                 275000                    275000                         0                         212000       2% of ppd amt
211057210                                              1355.55                 6/1/2007                  164050                                  163965.84       Purchase                                            9.3       Stated Income Documentation                AA+                               193000                    193000                    193000                         164050       2% of ppd amt
211057219                                              1403.35                 6/1/2007                  221000                                     221000       Cash Out Refinance                                 7.62       Full Documentation                         AA+                               340000                    340000                         0                         221000       2 mo int or 60 days int on UPB
211057232                                              1664.75                 6/1/2007                  260250                                  260064.63       Cash Out Refinance                                 7.25       Full Documentation                         AA+                               347000                    347000                         0                      260157.59       2 mo int on 66% if less than 8%
211057236                                              2142.26                 7/1/2007                  292650                                  292253.97       Cash Out Refinance                                7.975       Full Documentation                         AA+                               450000                    450000                         0                      292452.64       6 mo int on 80%
211057243                                                952.3                 6/1/2007                  125000                                  124844.86       Cash Out Refinance                                  8.4       Full Documentation                         AA+                               193500                    193500                         0                       124922.7       2% of ppd amt
211057291                                              1298.19                 7/1/2007                  172800                                  172689.81       Cash Out Refinance                                 8.25       Full Documentation                         AA+                               192000                    192000                         0                         172800       2% of ppd amt
211057294                                              1799.34                 6/1/2007                  219300                                  219272.14       Cash Out Refinance                                 9.77       Stated Income Documentation                AA                                258000                    233000                         0                      219286.13       2% of ppd amt
211057297                                              1224.73                 7/1/2007                  193765                                   193290.9       Cash Out Refinance                                  6.5       Full Documentation                         AA+                               298100                    274500                         0                      193528.59       2% of ppd amt
211057307                                              2511.01                 6/1/2007                  360000                                  359731.49       Cash Out Refinance                                7.475       Full Documentation                         AA+                               470000                    470000                         0                         360000       6 mo int on 80%
211057315                                              1763.14                 6/1/2007                  248500                                  248321.05       Cash Out Refinance                                 7.65       Business Bank Statements                   AA+                               355000                    355000                         0                         248500       2% of ppd amt
211057320                                               2108.3                 6/1/2007                  304500                                  304037.48       Cash Out Refinance                                  7.4       Full Documentation                         AA+                               415000                    415000                         0                      304269.45       2 mo int on 66% if less than 8%
211057321                                              1182.41                 6/1/2007                  142200                                  142151.07       Cash Out Refinance                                9.775       Full Documentation                         AA                                158000                    158000                         0                      142175.34       1% of UPB
211057336                                               1593.4                 6/1/2007                  210275                                  210238.68       Rate/Term Refinance                                8.99       Full Documentation                         AA+                               245000                    245000                         0                         210275       6 mo int on 80%
211057353                                              1728.42                 6/1/2007                  228600                                   228560.2       Cash Out Refinance                                8.969       Business Bank Statements                   AA+                               254000                    254000                         0                      228580.17       2% of ppd amt
211057416                                              1056.84                 6/1/2007                  117450                                  117352.12       Cash Out Refinance                                 10.3       Full Documentation                         AA+                               130500                    130500                         0                      117401.27       2% of ppd amt
211057417                                              1239.62                 7/1/2007                  117000                                   111837.2       Rate/Term Refinance                                12.4       Stated Income Documentation                AA                                165000                    153000                         0                      111969.38       None
211057429                                              1600.05                 6/1/2007                  199750                                  199639.75       Rate/Term Refinance                                8.95       Full Documentation                         AA+                               235000                    235000                         0                         199750       2% of ppd amt
211057442                                              2082.59                 6/1/2007                337511.5                                  337453.98       Cash Out Refinance                                  7.2       Full Documentation                         AA+                               485000                    485000                         0                       337511.5       2 mo int on 66% if less than 8%
211057462                                               987.74                 6/1/2007                   96750                                   96693.12       Cash Out Refinance                                 11.9       Full Documentation                         AA+                               107500                    107500                         0                        96721.7       None
211057469                                               636.27                 7/1/2007                   75000                                   74988.11       Cash Out Refinance                                 9.99       Full Documentation                         AA+                               373000                    373000                         0                          75000       2% of ppd amt
211057482                                               594.17                 7/1/2007                   60000                                   59760.52       Cash Out Refinance                                 11.5       Full Documentation                         C                                 400000                    400000                         0                       59880.83       2% of ppd amt
211057503                                              1770.23                 6/1/2007                  238500                                  238385.58       Cash Out Refinance                                 8.62       Full Documentation                         AA+                               265000                    265000                         0                      238442.99       None
211057508                                              1026.02                 6/1/2007                  155000                                  154742.64       Cash Out Refinance                                 6.95       Full Documentation                         AA+                               290000                    290000                         0                      154871.69       6 mo int on 80%
211057516                                              1745.31                 6/1/2007                  172250                                  172198.48       Cash Out Refinance                                 11.8       Full Documentation                         CC                                265000                    265000                         0                         172250       2% of ppd amt
211057528                                              1156.95                 7/1/2007                  154000                                   153901.8       Cash Out Refinance                                 8.25       Full Documentation                         AA+                               305000                    220000                         0                         154000       None
211057568                                               2630.1                 6/1/2007                  378000                                  377431.54       Cash Out Refinance                                 7.45       Full Documentation                         AA+                               420000                    420000                         0                      377716.65       2 mo int on 66% if less than 8%
211057599                                              1741.96                 9/1/2007                  262500                                  262464.29       Cash Out Refinance                                  7.8       Full Documentation                         AA+                               329000                    329000                         0                         262500       2 mo int on 66% if less than 8%
211057604                                              2765.93                 6/1/2007                  297500                                  297386.78       Cash Out Refinance                                 10.7       Stated Income Documentation                C                                 350000                    350000                         0                         297500       None
211057614                                              1124.39                 6/1/2007                  190500                                  190463.05       Cash Out Refinance                                 6.85       Full Documentation                         AA+                               243000                    243000                         0                         190500       None
211057640                                              1394.38                 7/1/2007                  168750                                  168663.43       Purchase                                            9.3       Full Documentation                         AA+                               190000                    190000                    187500                         168750       6 mo int on 80%
211057656                                               888.54                 6/1/2007                  101250                                  101160.05       Cash Out Refinance                                   10       Full Documentation                         AA+                               135000                    122000                         0                      101205.21       1% of UPB
211057663                                              1996.83                 6/1/2007                  282600                                   282522.5       Cash Out Refinance                                 8.15       Business Bank Statements                   AA+                               314000                    314000                         0                         282600       None
211057666                                              2201.11                 6/1/2007                  304300                                  303877.66       Cash Out Refinance                                 7.85       Full Documentation                         AA+                               358000                    358000                         0                      304089.52       2 mo int on 66% if less than 8%
211057692                                              1206.62                 7/1/2007                  135495                                  135437.26       Cash Out Refinance                               10.175       Stated Income Documentation                AA+                               230000                    230000                         0                         135495       6 mo int on 80%
211057711                                              1947.38                 6/1/2007                  217800                                  217771.08       Purchase                                          10.57       Full Documentation                         AA+                               245000                    235000                    242000                         217800       2% of ppd amt
211057713                                              2874.87                 6/1/2007                  394200                                  394100.96       Cash Out Refinance                                 8.45       Full Documentation                         AA+                               438000                    438000                         0                         394200       None
211057717                                              1379.57                 6/1/2007                  173000                                  172903.51       Rate/Term Refinance                                 8.9       Full Documentation                         AA+                               335000                    335000                         0                         173000       None
211057720                                              1088.54                 6/1/2007                  119000                                  118952.71       Purchase                                           10.5       Full Documentation                         AA+                               220000                    220000                    170000                         119000       2% of ppd amt
211057721                                              1306.91                 7/1/2007                  172000                                  171857.55       Cash Out Refinance                                 8.85       Full Documentation                         B                                 215000                    194000                         0                      171961.59       2% of ppd amt
211057727                                              2693.56                 6/1/2007                  400000                                  399895.87       Cash Out Refinance                                7.925       Stated Income Documentation                AA+                               500000                    500000                         0                      399948.11       6 mo int on 80%
211057751                                              1328.95                 6/1/2007                  224000                                  223957.18       Cash Out Refinance                                 6.89       Full Documentation                         AA+                               291000                    291000                         0                         224000       2 mo int on 66% if less than 8%
211057770                                              2057.91                 6/1/2007                  329000                                  328696.76       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               530000                    530000                         0                         329000       2 mo int on 66% if less than 8%
211057773                                              2985.03                 6/1/2007                  355000                                  354825.39       Cash Out Refinance                                  9.5       Stated Income Documentation                A                                 560000                    560000                         0                         355000       None
211057798                                              1025.73                 6/1/2007                  119900                                  119843.46       Cash Out Refinance                                  9.7       Full Documentation                         AA+                               160000                    160000                         0                         119900       2% of ppd amt
211057806                                              1107.31                 6/1/2007                  116970                                   116927.6       Cash Out Refinance                               10.925       Stated Income Documentation                AA+                               167100                    167100                         0                         116970       2% of ppd amt
211057809                                                826.6                 6/1/2007                  108000                                   107933.9       Cash Out Refinance                                 8.45       Full Documentation                         AA+                               140000                    129000                         0                         108000       2% of ppd amt
211057832                                               1420.7                 7/1/2007                  175000                                  174906.38       Cash Out Refinance                                  9.1       Stated Income Documentation                AA+                               275000                    275000                         0                         175000       6 mo int on 80%
211057848                                              3538.26                 6/1/2007                  407250                                  407130.15       Purchase                                          10.25       Stated Income Documentation                AA+                               520000                    520000                    452500                      407190.33       None
211057851                                              1319.89                 6/1/2007                  152000                                  151930.94       Cash Out Refinance                                9.875       Full Documentation                         C                                 450000                    450000                         0                         152000       None
211057878                                              1154.62                 6/1/2007                  157500                                  157461.01       Cash Out Refinance                                  8.5       Full Documentation                         AA+                               175000                    175000                         0                         157500       6 mo int on 80%
211057892                                              1352.78                 6/1/2007                  169200                                  169188.13       Cash Out Refinance                                 9.51       Stated Income Documentation                AA+                               188000                    188000                         0                         169200       None
211057899                                               915.77                 7/1/2007                  126000                                  125913.73       Cash Out Refinance                                  7.9       Full Documentation                         AA+                               200000                    200000                         0                      125913.73       6 mo int on 80%
211057917                                              1192.49                 6/1/2007                  136000                                  135939.71       Cash Out Refinance                                 9.99       Full Documentation                         AA+                               160000                    160000                         0                         136000       2% of ppd amt
211057972                                              1601.84                 6/1/2007                  241500                                  241300.87       Cash Out Refinance                                 6.97       Full Documentation                         AA+                               385000                    385000                         0                         241500       2 mo int on 66% if less than 8%
211057974                                              1130.05                 6/1/2007                  142350                                  142269.78       Purchase                                           8.85       Full Documentation                         AA                                420000                    420000                    219000                         142350       None
211057986                                              1764.38                 8/1/2007                  240000                                  239839.62       Cash Out Refinance                                 8.02       Full Documentation                         A                                 360000                    360000                         0                         240000       2% of ppd amt
211057991                                              2209.59                 6/1/2007                  255000                                  254883.54       Cash Out Refinance                                 9.85       Full Documentation                         B                                 340000                    340000                         0                         255000       None
211058000                                               2416.5                 7/1/2007                  390000                                  389850.38       Cash Out Refinance                                6.975       Full Documentation                         A                                 562000                    510000                         0                      389850.38       None
211058033                                               2179.4                 6/1/2007                  284750                                  284575.71       Cash Out Refinance                                 8.45       Full Documentation                         AA                                335000                    335000                         0                         284750       1% of UPB
211058101                                               1188.4                 6/1/2007                  196700                                     196700       Cash Out Refinance                                 7.25       Full Documentation                         AA+                               281000                    281000                         0                         196700       2% of ppd amt
211058102                                              2284.86                 6/1/2007                  253400                                  253295.44       Cash Out Refinance                               10.325       Full Documentation                         C                                 362000                    362000                         0                         253400       2% of ppd amt
211058141                                               725.98                 6/1/2007                  107000                                  106986.46       Cash Out Refinance                                 7.99       Full Documentation                         AA+                               213000                    213000                         0                         107000       2% of ppd amt
211058175                                              2922.17                 6/1/2007                  383200                                   383167.8       Cash Out Refinance                                 9.05       Full Documentation                         AA+                               479000                    479000                         0                         383200       None
211058275                                              1548.74                 6/1/2007                  182600                                  182512.06       Cash Out Refinance                                  9.6       Full Documentation                         AA                                222000                    222000                         0                         182600       None
211058291                                               633.68                 6/1/2007                   64800                                   64798.12       Purchase                                           11.7       Full Documentation                         AA+                                77000                     77000                     72000                          64800       2% of ppd amt
231092397                                              1201.54                 6/1/2007                  150000                                  149917.21       Cash Out Refinance                                 8.95       Full Documentation                         AA+                               215000                    215000                         0                         150000       6 mo int on 80%
231092623                                               965.94                 6/1/2007                  111475                                  111424.08       Cash Out Refinance                                 9.85       Stated Income Documentation                AA+                               171500                    171500                         0                         111475       6 mo int on 80%
231092779                                              2087.52                 6/1/2007                  256000                                  255864.48       Cash Out Refinance                                 9.15       Full Documentation                         A                                 320000                    304000                         0                         256000       6 mo int on 80%
231092984                                              1512.22                 6/1/2007                  166500                                  166432.58       Rate/Term Refinance                              10.413       Full Documentation                         AA+                               185000                    180000                         0                         166500       None
231092992                                               683.25                 6/1/2007                   75000                                   74969.88       Purchase                                          10.45       Stated Income Documentation                AA+                                92000                     92000                     92000                          75000       6 mo int on 80%
231093008                                              1918.03                 6/1/2007                  264375                                   264307.6       Rate/Term Refinance                                 8.4       Full Documentation                         AA+                               352500                    352500                         0                         264375       6 mo int on 80%
231093113                                               986.92                 6/1/2007                  105300                                  105260.78       Purchase                                           10.8       Full Documentation                         AA+                               117000                    117000                    117000                         105300       None
231093168                                                 1664                 6/1/2007                  253300                                   253087.2       Rate/Term Refinance                               6.875       Full Documentation                         AA+                               298000                    298000                         0                         253300       None
231093329                                              1307.71                 6/1/2007                  208000                                  207922.96       Cash Out Refinance                                  7.1       Stated Income Documentation                AA+                               260000                    260000                         0                         208000       None
231093497                                               795.29                 7/1/2007                   80994                                   80947.82       Purchase                                          11.39       Full Documentation                         AA+                                90000                     90000                     89994                          80994       6 mo int on 80%
231093620                                              2066.68                 6/1/2007                  247500                                   247376.2       Cash Out Refinance                                 9.42       Stated Income Documentation                AA+                               275000                    275000                         0                         247500       6 mo int on 80%
231093624                                              2713.88                 6/1/2007                  297900                                  297659.62       Rate/Term Refinance                               10.45       Business Bank Statements                   AA+                               331000                    331000                         0                      297780.33       None
231093648                                               1794.5                 6/1/2007                  270000                                  269778.25       Cash Out Refinance                                 6.99       Stated Income Documentation                AA                                300000                    300000                         0                         270000       6 mo int on 80%
231093716                                              1561.99                 6/1/2007                  200000                                  199883.01       Cash Out Refinance                                 8.67       Stated Income Documentation                A                                 425000                    425000                         0                         200000       None
231093732                                              2217.57                 6/1/2007                  360000                                  359859.93       Cash Out Refinance                                6.925       Full Documentation                         AA+                               450000                    450000                         0                         360000       None
231093733                                                677.3                 7/1/2007                   65600                                   65581.43       Cash Out Refinance                                12.05       Stated Income Documentation                AA+                                82000                     80000                         0                       65581.43       None
231093763                                              1315.16                 6/1/2007                  162000                                  161913.34       Cash Out Refinance                                  9.1       Stated Income Documentation                AA+                               182000                    182000                         0                         162000       None
231093791                                              1263.06                 6/1/2007                  192600                                  192572.79       Purchase                                            7.7       Full Documentation                         AA+                               214000                    214000                    214000                         192600       6 mo int on 80%
231093817                                              2482.92                 6/1/2007                  279395                                   279275.3       Purchase                                          10.15       Stated Income Documentation                AA+                               352000                    352000                    328700                         279395       None
231093827                                              1214.04                 6/1/2007                  168000                                  167883.56       Cash Out Refinance                                 7.84       Full Documentation                         AA+                               268000                    268000                         0                         168000       6 mo int on 80%
231093834                                              1756.88                 8/1/2007                  255000                                  254787.77       Cash Out Refinance                                 7.35       Stated Income Documentation                AA+                               395000                    395000                         0                         254805       None
231093850                                               987.64                 7/1/2007                  130000                                  129919.11       Cash Out Refinance                                 8.37       Full Documentation                         AA+                               400000                    400000                         0                         130000       None
231093872                                               3251.9                 6/1/2007                  355500                                  355358.73       Cash Out Refinance                                 10.5       Full Documentation                         AA                                395000                    376000                         0                         355500       None
231093891                                              2799.42                 7/1/2007                  376000                                  375910.91       Cash Out Refinance                                 8.65       Stated Income Documentation                AA+                               470000                    430000                         0                         376000       None
231093915                                               934.14                 6/1/2007                  106000                                  105953.61       Rate/Term Refinance                               10.05       Full Documentation                         CC                                263000                    263000                         0                         106000       None
231093933                                              1820.19                 6/1/2007                  216000                                  215894.31       Purchase                                          9.525       Stated Income Documentation                AA+                               341000                    341000                    270000                         216000       None
231093945                                               1250.7                 7/1/2007                  178000                                  177869.22       Cash Out Refinance                                 7.55       Full Documentation                         AA+                               212000                    212000                         0                         178000       None
231093947                                              1051.88                 6/1/2007                  103500                                  103469.32       Cash Out Refinance                                11.84       Stated Income Documentation                AA                                138000                    115000                         0                         103500       6 mo int on 80%
231093960                                              1655.51                 6/1/2007                  200000                                  199897.82       Cash Out Refinance                                 9.32       Full Documentation                         A                                 250000                    250000                         0                         200000       None
231093976                                              1665.05                 6/1/2007                  208800                                  208566.24       Rate/Term Refinance                                 8.9       Full Documentation                         AA+                               232000                    225000                         0                      208683.55       None
231093979                                              2437.42                 7/1/2007                  400000                                  399929.25       Cash Out Refinance                                  7.1       Full Documentation                         AA+                               520000                    520000                         0                         400000       6 mo int on 80%
231094027                                               712.57                 7/1/2007                   68000                                   67963.01       Cash Out Refinance                                12.25       Stated Income Documentation                AA+                                80000                     80000                         0                        67981.6       6 mo int on 80%
231094042                                              1625.04                 7/1/2007                  248000                                  247790.63       Cash Out Refinance                                 6.85       Stated Income Documentation                AA+                               310000                    280000                         0                         248000       6 mo int on 80%
231094046                                              1416.06                 6/1/2007                  180000                                  179896.44       Cash Out Refinance                                 8.75       Full Documentation                         A                                 240000                    240000                         0                         180000       3 mo int
231094052                                              1238.29                 8/1/2007                  141700                                  141636.64       Cash Out Refinance                                 9.95       Business Bank Statements                   B                                 218000                    218000                         0                         141700       None
231094078                                              1094.44                 7/1/2007                  145000                                  144908.48       Cash Out Refinance                                  8.3       Full Documentation                         AA+                               248000                    248000                         0                      144908.48       6 mo int on 80%
231094092                                               908.12                 6/1/2007                  108000                                  107946.88       Cash Out Refinance                                  9.5       Full Documentation                         AA+                               120000                    120000                         0                         108000       2% / 1%
231094107                                               877.57                 6/1/2007                  100000                                   99955.76       Cash Out Refinance                                   10       Stated Income Documentation                AA+                               550000                    550000                         0                         100000       None
231094117                                              1138.42                 6/1/2007                  182000                                   181663.6       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               310000                    310000                         0                      181832.25       None
231094195                                              1837.36                 7/1/2007                  221000                                  220833.16       Cash Out Refinance                                 9.37       Business Bank Statements                   AA+                               260000                    245000                         0                         221000       None
231094202                                              1229.69                 6/1/2007                  168300                                  168283.47       Rate/Term Refinance                                8.65       Stated Income Documentation                AA+                               187000                    187000                         0                         168300       6 mo int on 80%
231094228                                              1447.99                 6/1/2007                  165000                                  164927.01       Cash Out Refinance                                   10       Stated Income Documentation                AA+                               380000                    380000                         0                         165000       None
231094253                                              1150.29                 6/1/2007                  142000                                  141973.88       Cash Out Refinance                                  9.5       Full Documentation                         AA+                               175000                    175000                         0                         142000       None
231094260                                               975.06                 6/1/2007                  100000                                   99966.61       Purchase                                           11.3       Full Documentation                         B                                 125000                    125000                    125000                         100000       6 mo int on 80%
231094277                                              1174.23                 6/1/2007                  144000                                  143923.77       Cash Out Refinance                                 9.15       Full Documentation                         AA+                               160000                    160000                         0                         144000       6 mo int on 80%
231094298                                              1445.39                 6/1/2007                  149400                                  149349.01       Purchase                                           11.2       Stated Income Documentation                AA+                               170000                    170000                    166000                         149400       2% of UPB
231094304                                               2861.9                 6/1/2007                  356000                                  355805.13       Rate/Term Refinance                                8.99       Stated Income Documentation                AA+                               445000                    445000                         0                         356000       6 mo int on 80%
231094310                                              1856.45                 6/1/2007                  297000                                  296888.43       Cash Out Refinance                                 7.05       Full Documentation                         AA                                330000                    330000                         0                         297000       None
231094335                                              1778.45                 6/1/2007                  207000                                  206903.43       Purchase                                           9.75       Stated Income Documentation                AA+                               253000                    253000                    230000                         207000       6 mo int on 80%
231094358                                              1487.22                 6/1/2007                  185000                                  184898.74       Cash Out Refinance                                 8.99       Stated Income Documentation                AA+                               240000                    240000                         0                         185000       None
231094377                                              1476.16                 6/1/2007                  157500                                  157441.34       Cash Out Refinance                                 10.8       Stated Income Documentation                AA+                               175000                    175000                         0                         157500       6 mo int on 80%
231094382                                              1173.74                 7/1/2007                  123250                                  123206.05       Rate/Term Refinance                                  11       Full Documentation                         AA+                               145000                    145000                         0                         123250       None
231094384                                              1982.59                 7/1/2007                  231750                                  231640.72       Purchase                                            9.7       Stated Income Documentation                AA+                               257500                    257500                    257500                         231750       None
231094385                                              2437.91                 6/1/2007                  351000                                  350899.17       Rate/Term Refinance                                7.99       Full Documentation                         AA+                               390000                    390000                         0                         351000       None
231094392                                              2177.28                 6/1/2007                  288000                                  287934.72       Cash Out Refinance                                  8.8       Full Documentation                         A                                 360000                    360000                         0                         288000       6 mo int on 80%
231094394                                              4852.28                 6/1/2007                  580000                                  579903.72       Rate/Term Refinance                                9.84       Stated Income Documentation                AA+                               650000                    650000                         0                         580000       None
231094400                                              1246.38                 6/1/2007                  183700                                  183676.76       Rate/Term Refinance                                7.99       Full Documentation                         AA                                235000                    235000                         0                         183700       6 mo int on 80%
231094417                                              2187.95                 6/1/2007                  261000                                  260984.88       Cash Out Refinance                                 9.99       Stated Income Documentation                AA+                               290000                    290000                         0                         261000       6 mo int on 80%
231094420                                              2271.71                 6/1/2007                  325013                                  324975.75       Cash Out Refinance                                 8.25       Full Documentation                         AA                                383000                    345000                         0                         325013       None
231094433                                               873.88                 6/1/2007                  100000                                   99955.29       Purchase                                           9.95       Full Documentation                         AA+                               137000                    137000                    130000                         100000       None
231094449                                              2296.92                 6/1/2007                  328500                                  328010.89       Rate/Term Refinance                                 7.5       Full Documentation                         AA                                370000                    370000                         0                      328256.21       None
231094455                                              1642.81                 6/1/2007                  202000                                  201892.39       Cash Out Refinance                                 9.12       Full Documentation                         AA+                               225000                    225000                         0                         202000       6 mo int on 80%
231094465                                              1084.25                 6/1/2007                  120000                                  119950.75       Cash Out Refinance                                10.35       Stated Income Documentation                AA+                               151000                    151000                         0                         120000       None
231094469                                              1079.64                 6/1/2007                  136000                                  135923.36       Cash Out Refinance                                 8.85       Stated Income Documentation                AA+                               210000                    210000                         0                         136000       6 mo int on 80%
231094485                                               686.05                 8/1/2007                   75000                                    74970.2       Cash Out Refinance                                 10.5       Full Documentation                         AA+                               400000                    400000                         0                          75000       6 mo int on 80%
231094486                                                 1381                 7/1/2007                  190010                                   189879.9       Cash Out Refinance                                  7.9       No Documentation                           AA+                               333000                    333000                         0                         190010       6 mo int on 80%
231094500                                              2337.14                 6/1/2007                  246000                                  245911.71       Cash Out Refinance                                10.97       Stated Income Documentation                A                                 340000                    340000                         0                         246000       3 mo int
231094502                                              1878.55                 6/1/2007                  249750                                  249692.54       Purchase                                           8.75       Stated Income Documentation                AA+                               278000                    278000                    277500                         249750       6 mo int on 80%
231094504                                              1628.58                 6/1/2007                  178500                                  178455.64       Rate/Term Refinance                                10.8       Stated Income Documentation                AA                                210000                    210000                         0                      178477.92       6 mo int on 80%
231094507                                              3235.33                 6/1/2007                  340000                                   339878.5       Cash Out Refinance                                10.99       Stated Income Documentation                AA+                               400000                    400000                         0                         340000       6 mo int on 80%
231094517                                               869.16                 7/1/2007                  122500                                     122323       Cash Out Refinance                                 7.65       Full Documentation                         AA+                               210000                    210000                         0                         122500       6 mo int on 80%
231094524                                              1156.82                 6/1/2007                  140000                                  139928.18       Cash Out Refinance                                  9.3       Full Documentation                         AA+                               175000                    175000                         0                         140000       None
231094534                                               924.71                 6/1/2007                  120000                                  119974.29       Cash Out Refinance                                 8.99       Full Documentation                         AA                                135000                    135000                         0                         120000       6 mo int on 80%
231094539                                              2489.72                 7/1/2007                  306000                                  305837.16       Cash Out Refinance                                9.125       Stated Income Documentation                AA+                               340000                    340000                         0                         306000       6 mo int on 80%
231094569                                              1086.49                 6/1/2007                  115000                                  114958.09       Cash Out Refinance                                 10.9       Stated Income Documentation                AA+                               150000                    150000                         0                         115000       None
231094589                                              1671.21                 6/1/2007                  229500                                  229343.49       Cash Out Refinance                                 7.92       Full Documentation                         A                                 306000                    306000                         0                         229500       6 mo int on 80%
231094594                                              1560.99                 7/1/2007                  279580                                  279386.34       Purchase                                            6.7       Stated Income Documentation                AA+                               400000                    365000                    399400                         279580       None
231094615                                              1956.58                 6/1/2007                  281700                                  281619.07       Rate/Term Refinance                                7.99       Full Documentation                         AA+                               313000                    313000                         0                         281700       None
231094641                                              2196.25                 6/1/2007                  232000                                  231915.92       Cash Out Refinance                               10.925       Stated Income Documentation                AA                                290000                    290000                         0                         232000       6 mo int on 80%
231094642                                              1503.09                 6/1/2007                  151200                                  151152.21       Cash Out Refinance                                11.55       Stated Income Documentation                AA+                               168000                    168000                         0                         151200       6 mo int on 80%
231094646                                              1701.03                 7/1/2007                  205500                                   205185.1       Cash Out Refinance                                 9.32       Full Documentation                         AA+                               274000                    274000                         0                         205500       6 mo int on 80%
231094653                                              2129.62                 7/1/2007                  232000                                  231971.91       Purchase                                          10.87       Stated Income Documentation                AA                                290000                    290000                    290000                         232000       None
231094667                                               1810.9                 6/1/2007                  185000                                  184938.89       Cash Out Refinance                                11.35       Full Documentation                         CC                                310000                    310000                         0                         185000       None
231094709                                              2165.99                 6/1/2007                  242250                                  242217.83       Cash Out Refinance                                10.57       Full Documentation                         AA                                285000                    285000                         0                         242250       None
231094714                                              1362.36                 7/1/2007                  220000                                  219915.47       Cash Out Refinance                                 6.97       Full Documentation                         AA+                               490000                    490000                         0                         220000       None
231094759                                              2306.32                 6/1/2007                  271920                                  271789.04       Cash Out Refinance                                  9.6       Stated Income Documentation                AA+                               355000                    335000                         0                         271920       6 mo int on 80%
231094769                                                 1440                 6/1/2007                  172000                                   171914.5       Cash Out Refinance                                 9.45       Full Documentation                         AA                                215000                    215000                         0                         172000       None
231094801                                              1476.16                 6/1/2007                  157500                                  157441.34       Cash Out Refinance                                 10.8       Full Documentation                         C                                 215000                    215000                         0                         157500       6 mo int on 80%
231094847                                              2478.88                 6/1/2007                  254228                                   254143.1       Purchase                                           11.3       Stated Income Documentation                AA+                               282500                    282500                    282476                         254228       None
231094881                                               837.31                 7/1/2007                  105000                                  104941.44       Purchase                                            8.9       Stated Income Documentation                AA+                               220000                    220000                    140000                         105000       None
231094932                                              1751.72                 6/1/2007                  253000                                  252808.45       Cash Out Refinance                                  7.4       Full Documentation                         AA+                               350000                    350000                         0                         253000       6 mo int on 80%
231094954                                              1232.11                 6/1/2007                  140400                                  140337.89       Purchase                                             10       Full Documentation                         AA+                               160000                    160000                    156000                         140400       None
231094955                                              2203.37                 6/1/2007                  261900                                  261857.31       Cash Out Refinance                                  9.9       Full Documentation                         AA+                               291000                    291000                         0                         261900       6 mo int on 80%
331053100                                              1663.68                 6/1/2007                  250000                                  249838.79       Cash Out Refinance                                  7.6       Full Documentation                         AA+                               425000                    425000                         0                      249919.65       6 mo int on 80%
331054406                                              1593.72                 7/1/2007                  227500                                  227474.13       Cash Out Refinance                                 8.27       Full Documentation                         AA+                               397500                    397500                         0                         227500       None
331054902                                              3124.66                 6/1/2007                  460000                                  459942.01       Cash Out Refinance                                    8       Stated Income Documentation                AA+                               625000                    625000                         0                         460000       6 mo int on 80%
331055098                                              1065.86                 6/1/2007                  131000                                  130930.29       Cash Out Refinance                                9.125       Full Documentation                         AA+                               375000                    350000                         0                         131000       None
331055456                                              1051.07                 7/1/2007                  125000                                  124876.54       Cash Out Refinance                                  9.5       Stated Income Documentation                AA+                               345000                    345000                         0                      124876.54       None
331055493                                               1681.2                 7/1/2007                  247500                                  247437.39       Cash Out Refinance                                    8       Full Documentation                         AA+                               275000                    275000                         0                       247468.8       None
331056169                                              2798.35                 6/1/2007                  391500                                  391416.63       Cash Out Refinance                                 8.45       Full Documentation                         AA+                               435000                    435000                         0                      391458.46       6 mo int on 80%
331056282                                               899.63                 7/1/2007                  117000                                  116613.98       Cash Out Refinance                                  8.5       Stated Income Documentation                AA+                               130000                    130000                         0                      116928.74       None
331056417                                               821.89                 6/1/2007                  104000                                  103821.02       Cash Out Refinance                                  8.8       Full Documentation                         AA+                               130000                    130000                         0                      103881.12       None
331056569                                              1419.69                 6/1/2007                  256980                                   256536.3       Cash Out Refinance                                 6.35       Full Documentation                         AA                                600000                    600000                         0                      256598.16       None
331056626                                              2666.07                 6/1/2007                  410000                                  409648.72       Cash Out Refinance                                6.775       Stated Income Documentation                AA+                               815000                    700000                         0                         410000       6 mo int on 80%
331056659                                              2283.06                 7/1/2007                  370000                                  369936.94       Cash Out Refinance                                  7.2       Full Documentation                         AA+                               470000                    470000                         0                         370000       None
331056863                                              1898.33                 6/1/2007                  234000                                  233874.61       Cash Out Refinance                                9.092       Full Documentation                         AA+                               260000                    260000                         0                         234000       None
331056970                                              2361.51                 6/1/2007                  340000                                  339803.99       Rate/Term Refinance                                7.99       Stated Income Documentation                AA+                               425000                    425000                         0                      339902.32       6 mo int on 80%
331056974                                              4242.18                 6/1/2007                  487500                                  487057.58       Cash Out Refinance                                  9.9       Full Documentation                         AA+                               650000                    590000                         0                       487279.7       6 mo int on 80%
331056986                                               1156.7                 6/1/2007                  146500                                  146416.41       Cash Out Refinance                                 8.79       Full Documentation                         AA+                               163000                    163000                         0                         146500       None
331056999                                              2153.76                 6/1/2007                  300000                                  299921.24       Cash Out Refinance                                  8.3       Full Documentation                         AA+                               425000                    425000                         0                         300000       6 mo int on 80%
331057008                                              1850.05                 6/1/2007                  189000                                  188874.55       Rate/Term Refinance                               11.35       Full Documentation                         CC                                320000                    320000                         0                      188937.57       None
331057009                                              2603.94                 7/1/2007                  323000                                  322939.69       Cash Out Refinance                                 9.45       Full Documentation                         AA+                               394000                    345000                         0                         323000       6 mo int on 80%
331057059                                              2234.89                 6/1/2007                  292000                                   291641.3       Purchase                                           8.45       Business Bank Statements                   AA                                375000                    375000                    365000                      291821.28       1% of amt ppd if loan greater than $150K
331057072                                              1557.85                 6/1/2007                  198000                                  197960.15       Rate/Term Refinance                                 9.2       Full Documentation                         A                                 220000                    220000                         0                         198000       None
331057086                                              2903.09                 6/1/2007                  459000                                  458927.41       Cash Out Refinance                                  7.4       Full Documentation                         AA+                               540000                    540000                         0                         459000       6 mo int on 80%
331057093                                              1895.77                 5/1/2007                  250000                                  249686.54       Cash Out Refinance                                 8.35       Lite Documentation                         AA                                575000                    575000                         0                      249843.81       6 mo int on 80%
331057115                                               982.65                 6/1/2007                  120150                                  120106.93       Cash Out Refinance                                  9.6       Full Documentation                         AA+                               143500                    133500                         0                      120128.55       1% of UPB
331057142                                               3161.1                 6/1/2007                  400000                                  399772.23       Cash Out Refinance                                  8.8       Stated Income Documentation                AA+                               575000                    575000                         0                         400000       6 mo int on 80%
331057156                                              3231.44                 6/1/2007                  520000                                  519801.89       Cash Out Refinance                                    7       Full Documentation                         AA+                               700000                    700000                         0                         520000       None
331057176                                              1197.89                 6/1/2007                  165750                                  165716.04       Cash Out Refinance                                 8.55       Full Documentation                         AA+                               195000                    178000                         0                      165733.08       6 mo int on 80%
331057200                                              2719.47                 6/1/2007                  327250                                  327230.34       Cash Out Refinance                                  9.9       Stated Income Documentation                AA                                425000                    385000                         0                         327250       6 mo int on 80%
331057232                                               765.32                 7/1/2007                  104400                                  104325.13       Cash Out Refinance                                 7.99       Full Documentation                         AA+                               116000                    116000                         0                      104325.13       None
331057246                                              2255.35                 7/1/2007                  331500                                  331298.15       Cash Out Refinance                                  7.8       Stated Income Documentation                AA+                               510000                    510000                         0                      331298.15       None
331057278                                              1898.03                 6/1/2007                  276250                                  276168.31       Cash Out Refinance                                 7.89       Full Documentation                         A                                 325000                    300000                         0                         276250       6 mo int on 80%
331057296                                              3090.18                 6/1/2007                  488000                                  487643.68       Cash Out Refinance                                7.162       Full Documentation                         AA+                               795000                    795000                         0                      487822.37       6 mo int on 80%
331057321                                              1453.35                 5/1/2007                  165750                                  165602.43       Rate/Term Refinance                                9.99       Full Documentation                         AA                                195000                    195000                         0                         165750       1% of amt ppd if loan greater than $150K
331057332                                              2605.46                 6/1/2007                  352750                                  352683.11       Cash Out Refinance                                 8.75       Full Documentation                         AA                                415000                    415000                         0                      352716.68       6 mo int on 80%
331057341                                              1710.55                 6/1/2007                  252000                                  251601.71       Cash Out Refinance                                  7.2       Stated Income Documentation                AA+                               315000                    285000                         0                      251801.45       6 mo int on 80%
331057375                                               856.05                 6/1/2007                  123250                                  123214.59       Cash Out Refinance                                 7.99       Full Documentation                         AA+                               145000                    145000                         0                         123250       None
331057391                                              1808.34                 6/1/2007                  250000                                  249653.03       Cash Out Refinance                                 7.85       Full Documentation                         AA+                               345000                    345000                         0                      249827.08       None
331057397                                              2769.98                 6/1/2007                  328000                                  327679.43       Cash Out Refinance                                 9.55       Stated Income Documentation                AA+                               410000                    410000                         0                      327840.35       None
331057406                                              1551.97                 7/1/2007                  187000                                  186905.07       Cash Out Refinance                                 9.35       Stated Income Documentation                AA+                               340000                    340000                         0                      186905.07       None
331057419                                              2123.38                 6/1/2007                  300000                                  299564.36       Cash Out Refinance                                7.625       Full Documentation                         AA                                385000                    385000                         0                      299782.87       None
331057458                                              4326.64                 6/1/2007                  510000                                  509919.11       Cash Out Refinance                                 9.99       Stated Income Documentation                AA                                600000                    600000                         0                         510000       None
331057459                                              1702.46                 7/1/2007                  300000                                  299935.04       Cash Out Refinance                                 6.55       Stated Income Documentation                AA+                               385000                    385000                         0                      299935.04       None
331057487                                              2315.35                 6/1/2007                  334800                                   334702.7       Cash Out Refinance                                 7.95       Full Documentation                         AA+                               372000                    372000                         0                         334800       None
331057499                                              1366.31                 7/1/2007                  168300                                  168209.96       Purchase                                            9.1       Full Documentation                         AA+                               187000                    187000                    187000                         168300       6 mo int on 80%
331057536                                              3052.53                 6/1/2007                  417000                                  416718.78       Cash Out Refinance                                7.975       Business Bank Statements                   AA+                               560000                    560000                         0                         417000       None
331057563                                              3566.95                 6/1/2007                  513000                                  512853.05       Cash Out Refinance                                    8       Full Documentation                         AA+                               570000                    570000                         0                         513000       None
331057583                                              1506.59                 6/1/2007                  250000                                  249897.58       Cash Out Refinance                                 6.74       Full Documentation                         AA                                495000                    495000                         0                         250000       6 mo int on 80%
331057591                                              2605.84                 6/1/2007                  350000                                  349917.08       Cash Out Refinance                                 8.65       Full Documentation                         B                                 450000                    450000                         0                         350000       None
331057598                                               675.41                 7/1/2007                  100000                                   99840.37       Cash Out Refinance                                 7.15       Full Documentation                         AA+                               238000                    238000                         0                       99920.42       2% of ppd amt
331057600                                               762.26                 7/1/2007                  106400                                  106324.91       Purchase                                           7.75       Full Documentation                         AA+                               133000                    133000                    133000                      106324.91       6 mo int on 80%
331057605                                              2137.24                 7/1/2007                  315000                                  314960.13       Purchase                                           7.99       Full Documentation                         AA+                               355000                    355000                    350000                         315000       None
331057609                                              2920.87                 6/1/2007                  459000                                  458857.06       Cash Out Refinance                                 7.45       Full Documentation                         AA                                510000                    510000                         0                      458928.75       None
331057636                                                 1559                 6/1/2007                  214500                                  214205.28       Cash Out Refinance                                  7.9       Full Documentation                         AA+                               330000                    330000                         0                      214353.12       None
331057638                                              2711.29                 6/1/2007                  340000                                  339810.38       Cash Out Refinance                                  8.9       Full Documentation                         AA+                               455000                    455000                         0                         340000       6 mo int on 80%
331057640                                                 1559                 6/1/2007                  214500                                  214205.28       Cash Out Refinance                                  7.9       Full Documentation                         AA+                               330000                    330000                         0                      214353.12       None
331057642                                              1555.36                 6/1/2007                  214000                                  213705.98       Cash Out Refinance                                  7.9       Full Documentation                         AA+                               330000                    330000                         0                      213853.47       None
331057709                                              3485.57                 7/1/2007                  364500                                  364461.99       Rate/Term Refinance                               11.35       Stated Income Documentation                A                                 405000                    405000                         0                         364500       None
331057712                                              1952.08                 6/1/2007                  300000                                  299795.21       Cash Out Refinance                                  7.4       Full Documentation                         AA+                               400000                    400000                         0                      299897.92       None
331057722                                              3629.27                 6/1/2007                  472000                                  471714.06       Cash Out Refinance                                  8.5       Stated Income Documentation                AA+                               590000                    590000                         0                         472000       6 mo int on 80%
331057726                                               867.08                 7/1/2007                  130000                                  129625.82       Cash Out Refinance                                7.025       Stated Income Documentation                AA+                               236000                    236000                         0                      129625.82       6 mo int on 80%
331057735                                              1639.93                 6/1/2007                  206000                                     205960       Cash Out Refinance                                 9.32       Full Documentation                         AA                                250000                    250000                         0                         206000       None
331057759                                              2712.48                 6/1/2007                  352000                                  351848.61       Cash Out Refinance                                 8.99       Stated Income Documentation                AA                                440000                    440000                         0                      351924.59       None
331057762                                              1625.54                 7/1/2007                  239000                                  238812.44       Cash Out Refinance                                 7.22       Full Documentation                         AA+                               345000                    345000                         0                      238812.44       None
331057794                                              2818.54                 7/1/2007                  360000                                  359926.46       Cash Out Refinance                                 9.15       Stated Income Documentation                AA+                               450000                    450000                         0                         360000       None
331057799                                                983.4                 6/1/2007                   93500                                   93474.98       Cash Out Refinance                                 12.3       Stated Income Documentation                AA+                               110000                    110000                         0                          93500       1% of amt prepaid
331057838                                              2127.49                 7/1/2007                  311000                                  310906.97       Cash Out Refinance                                 7.85       Stated Income Documentation                AA+                               675000                    675000                         0                         311000       None
331057846                                              2315.08                 7/1/2007                  386000                                  385840.09       Cash Out Refinance                                  6.7       Full Documentation                         AA+                               575000                    575000                         0                      385840.09       None
331057848                                              2407.36                 6/1/2007                  350000                                  349792.94       Cash Out Refinance                                  7.9       Stated Income Documentation                AA+                               500000                    500000                         0                         350000       None
331057857                                              1929.37                 6/1/2007                  240000                                  239868.63       Cash Out Refinance                                 8.99       Stated Income Documentation                AA+                               300000                    300000                         0                         240000       None
331057862                                               1997.5                 6/1/2007                  300000                                     300000       Cash Out Refinance                                 7.99       Stated Income Documentation                AA+                               358000                    358000                         0                         300000       6 mo int on 80%
331057873                                              1560.79                 6/1/2007                  235000                                  234999.79       Cash Out Refinance                                 7.97       Stated Income Documentation                AA+                               495000                    495000                         0                      234999.79       6 mo int on 80%
331057875                                              2898.94                 7/1/2007                  429250                                  429194.84       Cash Out Refinance                                 7.95       Full Documentation                         AA+                               505000                    505000                         0                         429250       6 mo int on 80%
331057886                                              1572.43                 6/1/2007                  214500                                   214210.6       Cash Out Refinance                                 7.99       Full Documentation                         AA+                               330000                    330000                         0                      214355.78       None
331057909                                              2123.62                 7/1/2007                  295000                                  294793.88       Cash Out Refinance                                  7.8       Stated Income Documentation                AA+                               560000                    560000                         0                      294793.88       6 mo int on 80%
331057915                                              2601.29                 6/1/2007                  280925                                  280816.92       Purchase                                          10.65       Stated Income Documentation                AA+                               420000                    420000                    330500                         280925       None
331057916                                              2130.64                 6/1/2007                  335000                                  334879.36       Rate/Term Refinance                                 7.2       Full Documentation                         AA                                450000                    450000                         0                         335000       None
331057922                                               1754.8                 7/1/2007                  244000                                  243829.17       Cash Out Refinance                                 7.79       Full Documentation                         AA+                               655000                    655000                         0                         244000       6 mo int on 80%
331057943                                              2129.59                 6/1/2007                  325000                                  324725.62       Cash Out Refinance                                 6.85       Full Documentation                         AA+                               560000                    560000                         0                         325000       6 mo int on 80%
331057951                                              1312.72                 6/1/2007                  189000                                  188945.71       Rate/Term Refinance                                7.99       Full Documentation                         AA+                               210000                    210000                         0                         189000       6 mo int on 80%
331057952                                               2910.9                 7/1/2007                  405000                                  404957.85       Cash Out Refinance                                  8.5       Full Documentation                         AA+                               450000                    450000                         0                         405000       None
331057970                                                 1214                 6/1/2007                  143100                                  143077.31       Cash Out Refinance                                 9.99       Stated Income Documentation                AA+                               159000                    159000                         0                         143100       6 mo int on 80%
331057995                                               2868.6                 7/1/2007                  496000                                  495776.73       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               620000                    620000                         0                         496000       6 mo int on 80%
331058007                                              2116.29                 6/1/2007                  356250                                  356182.15       Cash Out Refinance                                  6.9       Full Documentation                         AA+                               475000                    475000                         0                         356250       6 mo int on 80%
331058027                                              2505.85                 6/1/2007                  417000                                  416923.18       Cash Out Refinance                                 6.99       Stated Income Documentation                AA+                               525000                    525000                         0                         417000       6 mo int on 80%
331058057                                              2355.97                 6/1/2007                  399980                                  399807.25       Cash Out Refinance                                 6.55       Full Documentation                         AA+                               650000                    650000                         0                         399980       6 mo int on 80%
331058059                                              1407.38                 6/1/2007                  178000                                   177964.7       Cash Out Refinance                                 9.25       Stated Income Documentation                AA+                               250000                    250000                         0                         178000       None
331058080                                              2129.42                 6/1/2007                  330000                                  329713.08       Cash Out Refinance                                  6.7       Full Documentation                         A                                 535000                    535000                         0                         330000       6 mo int on 80%
331058118                                              1997.08                 7/1/2007                  305000                                  304916.76       Cash Out Refinance                                7.687       Stated Income Documentation                AA+                               415000                    415000                         0                         305000       6 mo int on 80%
331058204                                              4362.97                 6/1/2007                  510000                                  509759.53       Cash Out Refinance                                  9.7       Stated Income Documentation                AA+                               600000                    600000                         0                         510000       6 mo int on 80%
331058216                                              2906.36                 6/1/2007                  382500                                  382414.58       Cash Out Refinance                                 8.85       Stated Income Documentation                AA+                               450000                    450000                         0                         382500       None
331058225                                              3169.05                 6/1/2007                  492000                                  491926.45       Cash Out Refinance                                 7.55       Full Documentation                         AA+                               635000                    575000                         0                         492000       None
331058395                                              3472.95                 6/1/2007                  448000                                  447905.72       Cash Out Refinance                                 9.05       Stated Income Documentation                AA+                               560000                    560000                         0                         448000       None
331058432                                              2260.06                 7/1/2007                  364000                                  363939.11       Cash Out Refinance                                 7.25       Full Documentation                         AA+                               440000                    440000                         0                         364000       6 mo int on 80%
341042374                                              1522.41                 7/1/2007                  166500                                  166458.93       Rate/Term Refinance                              10.825       Full Documentation                         AA+                               185000                    185000                         0                      166479.56       1% of amt ppd if loan greater than $150K
341042545                                              1347.02                 6/1/2007                  131200                                  131124.12       Rate/Term Refinance                              11.975       Full Documentation                         CC                                175000                    175000                         0                      131162.25       3% / 2% / 1%
341042588                                               1222.6                 6/1/2007                  145400                                  145328.48       Cash Out Refinance                                  9.5       Full Documentation                         AA+                               168000                    168000                         0                         145400       6 mo int on 80%
341043203                                               949.35                 6/1/2007                  101700                                  101661.71       Cash Out Refinance                                10.75       Full Documentation                         AA                                130000                    113000                         0                         101700       None
341043329                                               1080.1                 6/1/2007                  105400                                  105338.71       Cash Out Refinance                                11.95       Full Documentation                         AA+                               124000                    124000                         0                      105369.51       None
341043383                                              1437.77                 6/1/2007                  157500                                  157437.07       Cash Out Refinance                               10.475       Full Documentation                         AA                                175000                    175000                         0                         157500       1% of amt ppd if loan greater than $150K
341043442                                              1345.31                 6/1/2007                  133785                                  133744.09       Purchase                                           11.7       Stated Income Documentation                AA+                               150000                    150000                    148650                         133785       None
341043572                                              1219.49                 6/1/2007                  124100                                  124018.53       Cash Out Refinance                                 11.4       Full Documentation                         AA+                               146000                    137000                         0                      124059.46       None
341043868                                               880.02                 6/1/2007                  108400                                  108283.58       Rate/Term Refinance                                 9.1       Full Documentation                         AA+                               135500                    135500                         0                      108342.01       None
341043870                                              1378.65                 6/1/2007                  161500                                  161346.27       Rate/Term Refinance                               9.675       Full Documentation                         AA+                               190000                    171000                         0                      161423.44       1% of UPB
341043907                                               847.69                 6/1/2007                  105825                                  105766.59       Cash Out Refinance                                 8.95       Stated Income Documentation                AA+                               124500                    112500                         0                         105825       6 mo int on 80%
341043938                                              2166.69                 6/1/2007                  292500                                  292114.08       Cash Out Refinance                                  8.1       Full Documentation                         AA+                               325000                    325000                         0                      292307.69       1% of amt ppd if loan greater than $150K
341043976                                              2238.93                 6/1/2007                  301500                                  301472.07       Cash Out Refinance                                  8.8       Full Documentation                         AA+                               335000                    319000                         0                         301500       1% of UPB
341044016                                               917.54                 6/1/2007                  100800                                  100759.42       Purchase                                          10.44       Full Documentation                         AA+                               122000                    122000                    112000                         100800       None
341044050                                               1046.8                 6/1/2007                  105300                                  105266.71       Cash Out Refinance                                11.55       Full Documentation                         CC                                162000                    162000                         0                         105300       None
341044066                                              3042.56                 6/1/2007                  385000                                  384559.94       Rate/Term Refinance                                 8.8       Stated Income Documentation                AA+                               600000                    500000                         0                      384780.77       1% of amt ppd if loan greater than $150K
341044083                                              1488.62                 7/1/2007                  157250                                   157135.5       Cash Out Refinance                               10.925       Full Documentation                         AA                                185000                    185000                         0                      157193.01       3% / 2% / 1%
341044134                                              1541.03                 6/1/2007                  195000                                  194777.13       Cash Out Refinance                                  8.8       Full Documentation                         AA+                               260000                    260000                         0                      194888.97       1% of UPB
341044165                                              1023.82                 7/1/2007                  125000                                  124934.51       Cash Out Refinance                                  9.2       Business Bank Statements                   AA+                               170000                    170000                         0                      124934.51       None
341044181                                              1328.51                 6/1/2007                  190000                                  189858.99       Cash Out Refinance                                  7.5       Full Documentation                         AA+                               302000                    302000                         0                         190000       None
341044188                                               734.35                 6/1/2007                  103000                                  102926.57       Cash Out Refinance                                  7.7       Full Documentation                         AA+                               138000                    138000                         0                         103000       None
341044278                                              1384.57                 6/1/2007                  161500                                  161424.25       Cash Out Refinance                                9.725       Full Documentation                         A                                 190000                    175000                         0                         161500       1% of UPB
341044340                                              1723.87                 6/1/2007                  230000                                  229852.59       Cash Out Refinance                                8.225       Full Documentation                         AA+                               308000                    290000                         0                         230000       1% of UPB
341044492                                               893.33                 6/1/2007                  104200                                  104101.85       Cash Out Refinance                                9.725       Stated Income Documentation                AA+                               220000                    220000                         0                      104151.12       None
341044497                                               836.81                 6/1/2007                  104000                                  103885.95       Cash Out Refinance                                    9       Full Documentation                         AA+                               130000                    130000                         0                      103943.19       None
341044531                                                  982                 7/1/2007                  134400                                   134386.8       Rate/Term Refinance                                8.65       Full Documentation                         AA+                               168000                    168000                         0                         134400       None
341044578                                               938.97                 6/1/2007                   95000                                   94969.47       Cash Out Refinance                               11.475       Stated Income Documentation                A                                 140000                    140000                         0                          95000       None
341044652                                              1451.21                 7/1/2007                  170000                                  169919.42       Cash Out Refinance                                9.675       Stated Income Documentation                AA+                               200000                    200000                         0                      169919.42       3% / 2% / 1%
341044677                                              1049.71                 6/1/2007                  112000                                  111958.29       Cash Out Refinance                                 10.8       Full Documentation                         AA+                               160000                    160000                         0                         112000       None
341044706                                              2054.16                 6/1/2007                  263500                                  263345.24       Purchase                                           8.65       Full Documentation                         AA+                               310000                    295000                    310000                         263500       None
341044720                                              2848.28                 6/1/2007                  399500                                  398928.53       Cash Out Refinance                                  7.7       Full Documentation                         AA+                               470000                    440000                         0                      399215.18       None
341044743                                              2430.95                 6/1/2007                  296800                                  296644.52       Cash Out Refinance                                  9.2       Full Documentation                         AA                                424000                    424000                         0                         296800       1% of amt ppd if loan greater than $150K
341044749                                               931.21                 7/1/2007                  120000                                  119928.79       Cash Out Refinance                                  8.6       Full Documentation                         AA+                               250000                    250000                         0                         120000       6 mo int on 80%
341044756                                               793.13                 6/1/2007                   80400                                   80374.02       Cash Out Refinance                                11.45       Stated Income Documentation                AA+                               120000                    120000                         0                          80400       None
341044765                                               592.88                 6/1/2007                   62010                                   61966.06       Purchase                                          11.05       Full Documentation                         AA+                                72000                     72000                     68900                       61988.13       None
341044767                                              1337.73                 6/1/2007                  154710                                  154638.96       Purchase                                          9.825       Full Documentation                         AA+                               172000                    172000                    171900                         154710       1% of amt ppd if loan greater than $150K
341044790                                              1575.34                 6/1/2007                  190800                                  190733.65       Rate/Term Refinance                                 9.7       Full Documentation                         A                                 212000                    212000                         0                      190766.96       1% of UPB
341044848                                               722.63                 7/1/2007                   85200                                    85081.6       Rate/Term Refinance                                 9.6       Full Documentation                         AA+                               142000                    142000                         0                        85081.6       None
341044869                                              1207.98                 7/1/2007                  117000                                   116966.9       Purchase                                          12.05       Stated Income Documentation                AA+                               132000                    132000                    130000                         117000       3% / 2% / 1%
341044891                                              3166.89                 7/1/2007                  375000                                  374817.48       Cash Out Refinance                                 9.55       Stated Income Documentation                AA+                               520000                    520000                         0                         375000       1% of amt ppd if loan greater than $150K
341044906                                              1207.12                 6/1/2007                  149999                                  149988.75       Cash Out Refinance                                9.575       Full Documentation                         AA+                               190000                    190000                         0                         149999       None
341044925                                              1482.71                 6/1/2007                  176800                                  176770.88       Cash Out Refinance                                9.866       Full Documentation                         A                                 208000                    187500                         0                         176800       1% of UPB
341044926                                              1853.36                 6/1/2007                  249900                                  249876.74       Rate/Term Refinance                               8.788       Full Documentation                         AA+                               294000                    294000                         0                         249900       1% of amt ppd if loan greater than $150K
341044929                                              1913.77                 7/1/2007                  234000                                  233916.13       Cash Out Refinance                                  9.6       Full Documentation                         AA                                260000                    260000                         0                      233916.13       2 mo int or 60 days int on UPB
341044967                                              3117.98                 6/1/2007                  391000                                  390781.94       Rate/Term Refinance                                 8.9       Full Documentation                         A                                 460000                    460000                         0                         391000       3% / 2% / 1%
341044979                                              1263.41                 6/1/2007                  160200                                  160188.15       Cash Out Refinance                                9.375       Business Bank Statements                   AA+                               178000                    178000                         0                         160200       1% of UPB
341045045                                               964.57                 6/1/2007                   91710                                   91685.46       Purchase                                           12.3       Stated Income Documentation                AA+                               101900                    101900                    101900                          91710       1% of UPB
341045051                                               964.57                 6/1/2007                   91710                                   91685.46       Purchase                                           12.3       Stated Income Documentation                AA+                               101900                    101900                    101900                          91710       1% of UPB
341045052                                               964.57                 6/1/2007                   91710                                   91685.46       Purchase                                           12.3       Stated Income Documentation                AA+                               101900                    101900                    101900                          91710       1% of UPB
341045063                                               696.84                 6/1/2007                   68000                                   67980.33       Cash Out Refinance                                11.95       Full Documentation                         AA                                 80000                     80000                         0                          68000       None
341045126                                              1266.01                 6/1/2007                  172800                                  172783.19       Cash Out Refinance                                8.675       Full Documentation                         AA+                               192000                    192000                         0                         172800       1% of amt ppd if loan greater than $150K
351044794                                              1100.98                 7/1/2007                  117000                                  116956.44       Purchase                                          10.85       Full Documentation                         AA+                               132000                    132000                    130000                         117000       None
351045423                                              1388.45                 6/1/2007                  136000                                  135920.04       Cash Out Refinance                                 11.9       Stated Income Documentation                AA+                               201000                    160000                         0                      135960.22       6 mo int on 80%
351045522                                              1132.17                 6/1/2007                  107250                                  107221.61       Cash Out Refinance                                12.35       Stated Income Documentation                CC                                165000                    165000                         0                         107250       None
351045559                                               462.61                 6/1/2007                   51200                                   51178.99       Cash Out Refinance                                10.35       Full Documentation                         AA+                                64000                     64000                         0                          51200       None
351045562                                              1174.51                 7/1/2007                  128398                                  128170.01       Cash Out Refinance                                 10.5       Full Documentation                         AA+                               162000                    162000                         0                      128170.01       None
351045580                                              1647.66                 6/1/2007                  192600                                  192417.65       Rate/Term Refinance                                 9.7       Full Documentation                         AA                                214000                    214000                         0                      192509.19       6 mo int on 80%
351045607                                              1889.69                 6/1/2007                  260000                                  259821.98       Cash Out Refinance                                  7.9       Full Documentation                         AA+                               420000                    325000                         0                         260000       None
351045728                                               966.91                 7/1/2007                  104000                                  103960.42       Cash Out Refinance                                 10.7       Full Documentation                         AA+                               130000                    130000                         0                         104000       None
351045828                                              1023.69                 7/1/2007                  100650                                  100620.23       Cash Out Refinance                                11.85       Stated Income Documentation                AA+                               167000                    165000                         0                      100620.23       None
351045848                                              1471.23                 7/1/2007                  228000                                  227801.77       Rate/Term Refinance                                 6.7       Full Documentation                         AA+                               285000                    285000                         0                         228000       None
351045869                                               998.53                 6/1/2007                  152000                                  151743.87       Cash Out Refinance                                6.875       Full Documentation                         AA+                               190000                    190000                         0                       151872.3       None
351045879                                              1643.28                 7/1/2007                  207000                                  206883.35       Rate/Term Refinance                                8.85       Full Documentation                         AA+                               230000                    230000                         0                         207000       6 mo int on 80%
351045970                                              1516.96                 7/1/2007                  240000                                   239564.9       Cash Out Refinance                                  6.5       Full Documentation                         AA+                               300000                    300000                         0                       239564.9       None
351045981                                              1197.77                 6/1/2007                  168000                                  166952.31       Cash Out Refinance                                  7.7       No Documentation                           AA+                               210000                    210000                         0                         167078       None
351045985                                              1044.04                 6/1/2007                  117975                                  117923.92       Rate/Term Refinance                                10.1       Full Documentation                         AA+                               154000                    154000                         0                         117975       6 mo int on 80%
351045987                                               963.57                 6/1/2007                  109800                                  109702.46       Rate/Term Refinance                                  10       Full Documentation                         AA+                               122000                    122000                         0                      109751.43       6 mo int on 80%
351046009                                              1598.58                 6/1/2007                  203200                                  202965.32       Cash Out Refinance                                 8.75       Business Bank Statements                   AA+                               254000                    254000                         0                      203083.09       None
351046048                                               974.82                 6/1/2007                  112500                                  112448.62       Rate/Term Refinance                                9.85       Full Documentation                         AA+                               125000                    125000                         0                         112500       6 mo int on 80%
351046065                                               862.33                 6/1/2007                  100800                                  100752.47       Purchase                                            9.7       Full Documentation                         AA+                               125000                    112000                    112000                         100800       1% of amt prepaid
351046067                                               964.43                 6/1/2007                   98910                                   98876.97       Purchase                                           11.3       Full Documentation                         AA+                               120000                    120000                    109900                          98910       None
351046082                                              2620.18                 6/1/2007                  339200                                  338996.62       Rate/Term Refinance                                8.55       Full Documentation                         AA+                               424000                    424000                         0                         339200       6 mo int on 80%
351046088                                              1794.61                 6/1/2007                  189000                                  188932.06       Rate/Term Refinance                              10.963       Full Documentation                         AA+                               210000                    210000                         0                         189000       6 mo int on 80%
351046098                                              1211.83                 6/1/2007                  117900                                  117866.19       Rate/Term Refinance                               11.99       Full Documentation                         AA                                131000                    131000                         0                         117900       6 mo int on 80%
351046100                                              1733.01                 6/1/2007                  200000                                  199908.66       Cash Out Refinance                                 9.85       Full Documentation                         AA+                               250000                    250000                         0                         200000       None
351046112                                               843.52                 7/1/2007                   90000                                   89966.48       Purchase                                           10.8       Full Documentation                         AA+                               100000                     98000                    100000                       89966.48       6 mo int on 80%
371046856                                               989.53                 7/1/2007                  100000                                   99967.97       Cash Out Refinance                                11.49       Full Documentation                         AA                                115000                    115000                         0                       99967.97       6 mo int on 80%
371048222                                              2619.32                 6/1/2007                  318750                                  318693.96       Rate/Term Refinance                                9.65       Stated Income Documentation                AA+                               375000                    340000                         0                         318750       6 mo int on 80%
371048241                                                936.3                 6/1/2007                   99900                                    99862.8       Purchase                                           10.8       Full Documentation                         AA+                               112000                    105000                    111000                          99900       6 mo int on 80%
371048248                                              2268.82                 6/1/2007                  370000                                  369871.14       Cash Out Refinance                                 7.15       Full Documentation                         AA+                               505000                    505000                         0                      369935.76       6 mo int on 80%
371048353                                              1547.26                 6/1/2007                  148200                                  148118.47       Rate/Term Refinance                                12.2       Full Documentation                         CC                                228000                    228000                         0                      148159.44       6 mo int on 80%
371048370                                              1648.25                 6/1/2007                  200000                                  199896.75       Cash Out Refinance                                 9.27       Stated Income Documentation                AA                                255000                    255000                         0                         200000       6 mo int on 80%
371048415                                              1285.04                 6/1/2007                  144000                                  143938.96       Cash Out Refinance                                 10.2       Full Documentation                         AA                                160000                    160000                         0                         144000       6 mo int on 80%
371048653                                              1109.13                 6/1/2007                  128000                                  127941.54       Cash Out Refinance                                 9.85       Stated Income Documentation                AA+                               160000                    145000                         0                         128000       6 mo int on 80%
371048664                                               637.43                 6/1/2007                   62910                                   62872.18       Purchase                                           11.8       Full Documentation                         AA+                                70000                     70000                     69900                       62891.18       2% / 1%
371048692                                              1994.31                 6/1/2007                  278375                                  277980.79       Cash Out Refinance                                 7.75       Stated Income Documentation                AA+                               355000                    327500                         0                      278178.53       2% of ppd amt
371048696                                              1264.45                 6/1/2007                  145000                                  144934.82       Cash Out Refinance                                9.925       Stated Income Documentation                AA                                215000                    215000                         0                         145000       6 mo int on 80%
371048721                                               912.11                 6/1/2007                  103500                                   103454.7       Cash Out Refinance                                10.05       Full Documentation                         AA+                               115000                    115000                         0                         103500       None
371048745                                               942.17                 6/1/2007                  126000                                  125836.99       Cash Out Refinance                                  8.2       Full Documentation                         AA+                               140000                    140000                         0                      125918.72       6 mo int on 80%
371048751                                              1043.04                 6/1/2007                  108000                                  107692.71       Cash Out Refinance                                8.175       Full Documentation                         AA+                               160000                    160000                         0                         108000       6 mo int on 80%
371048810                                              2237.49                 6/1/2007                  320000                                  319762.51       Cash Out Refinance                                  7.5       Full Documentation                         AA                                400000                    380000                         0                         320000       6 mo int on 80%
371048817                                              1558.54                 7/1/2007                  269100                                     269100       Cash Out Refinance                                 6.95       Full Documentation                         AA+                               299000                    299000                         0                         269100       6 mo int on 80%
371048826                                              1638.66                 6/1/2007                  264000                                  263899.14       Cash Out Refinance                                 6.99       Full Documentation                         AA+                               330000                    330000                         0                         264000       6 mo int on 80%
371048829                                              1234.03                 6/1/2007                  180000                                  179860.97       Cash Out Refinance                                  7.3       Stated Income Documentation                AA+                               300000                    300000                         0                         180000       6 mo int on 80%
371048851                                               996.52                 7/1/2007                  161500                                  161444.79       Rate/Term Refinance                                 7.2       Full Documentation                         AA+                               246000                    238000                         0                      161472.48       6 mo int on 80%
371048902                                              1010.24                 6/1/2007                  152000                                  151875.16       Cash Out Refinance                                 6.99       Full Documentation                         AA+                               220000                    220000                         0                         152000       6 mo int on 80%
371048920                                                844.5                 6/1/2007                  100000                                   99951.33       Cash Out Refinance                                 9.55       Stated Income Documentation                A                                 151000                    151000                         0                         100000       2% / 1%
371048958                                              1654.07                 6/1/2007                  224000                                  223945.66       Cash Out Refinance                                 8.57       No Documentation                           AA+                               294000                    294000                         0                         224000       2% of ppd amt
371048980                                               811.43                 7/1/2007                  123000                                  122982.94       Cash Out Refinance                                 7.75       Full Documentation                         AA+                               159000                    159000                         0                         123000       6 mo int on 80%
371049030                                              2761.78                 7/1/2007                  352750                                  352605.33       Cash Out Refinance                                 9.15       Full Documentation                         A                                 415000                    375000                         0                      352605.33       None
371049046                                                698.9                 7/1/2007                  110000                                  109901.52       Cash Out Refinance                                 6.55       Full Documentation                         AA+                               192000                    192000                         0                      109901.52       6 mo int on 80%
371049049                                               776.01                 6/1/2007                  100000                                   99940.66       Purchase                                            8.6       Full Documentation                         AA+                               147000                    147000                    144000                         100000       6 mo int on 80%
371049052                                               779.86                 6/1/2007                   90000                                   89917.44       Cash Out Refinance                                 9.85       Full Documentation                         AA+                               120000                    120000                         0                       89958.89       6 mo int on 80%
371049090                                              1639.37                 7/1/2007                  190000                                   189912.3       Cash Out Refinance                                  9.8       Full Documentation                         C                                 280000                    280000                         0                       189912.3       6 mo int on 80%
371049190                                               920.16                 6/1/2007                  126000                                  125828.61       Cash Out Refinance                                 7.95       Full Documentation                         B                                 210000                    210000                         0                      125914.59       6 mo int on 80%
371049191                                              1601.04                 6/1/2007                  205000                                  204880.09       Cash Out Refinance                                 8.67       Full Documentation                         A                                 335000                    335000                         0                         205000       None
371049192                                              1069.44                 6/1/2007                  150000                                  149893.06       Cash Out Refinance                                  7.7       Full Documentation                         AA+                               215000                    195000                         0                         150000       6 mo int on 80%
371049209                                              2559.62                 6/1/2007                  382500                                  382378.82       Cash Out Refinance                                 7.65       Full Documentation                         AA                                425000                    425000                         0                         382500       6 mo int on 80%
371049258                                              1654.66                 6/1/2007                  209000                                  208762.11       Rate/Term Refinance                                8.82       Stated Income Documentation                AA+                               295000                    270000                         0                      208881.49       6 mo int on 80%
371049259                                              2226.92                 6/1/2007                  301500                                  301471.52       Cash Out Refinance                                 8.75       Full Documentation                         AA+                               335000                    335000                         0                         301500       6 mo int on 80%
371049271                                              2045.05                 6/1/2007                  262500                                  262390.73       Rate/Term Refinance                                 9.1       Full Documentation                         C                                 350000                    350000                         0                      262445.57       6 mo int on 80%
371049298                                              1052.62                 6/1/2007                  132000                                  131926.38       Cash Out Refinance                                  8.9       Full Documentation                         AA                                165000                    165000                         0                         132000       6 mo int on 80%
371049342                                              1435.42                 6/1/2007                  210000                                  209836.83       Cash Out Refinance                                 7.27       Stated Income Documentation                AA+                               380000                    380000                         0                         210000       6 mo int on 80%
371049380                                               750.42                 6/1/2007                  105000                                  104925.52       Cash Out Refinance                                7.725       Full Documentation                         AA+                               150000                    150000                         0                         105000       6 mo int on 80%
371049383                                              1577.76                 6/1/2007                  157500                                   157451.3       Cash Out Refinance                                11.65       Stated Income Documentation                AA+                               175000                    175000                         0                         157500       6 mo int on 80%
371049421                                              1225.42                 7/1/2007                  162400                                  162385.81       Cash Out Refinance                                 8.95       Full Documentation                         AA+                               232000                    232000                         0                         162400       6 mo int on 80%
371049427                                               941.03                 6/1/2007                  144000                                  143951.53       Cash Out Refinance                                7.438       Full Documentation                         AA+                               205000                    205000                         0                         144000       6 mo int on 80%
371049435                                              1309.51                 6/1/2007                  140000                                  139947.57       Purchase                                         10.775       Full Documentation                         AA+                               180000                    180000                    175000                         140000       None
371049449                                               747.17                 6/1/2007                   85500                                   85461.77       Cash Out Refinance                                 9.95       Full Documentation                         AA+                                95000                     92500                         0                          85500       6 mo int on 80%
371049466                                              1952.74                 6/1/2007                  272000                                  271928.59       Cash Out Refinance                                  8.3       Full Documentation                         AA+                               340000                    340000                         0                         272000       6 mo int on 80%
371049492                                              1167.48                 6/1/2007                  180000                                  179845.02       Cash Out Refinance                                 6.75       Business Bank Statements                   AA+                               260000                    260000                         0                         180000       6 mo int on 80%
371049510                                               763.98                 6/1/2007                  116000                                  115903.02       Cash Out Refinance                                  6.9       Full Documentation                         AA+                               340000                    340000                         0                         116000       6 mo int on 80%
371049524                                               903.39                 6/1/2007                  140000                                  139878.28       Cash Out Refinance                                  6.7       Full Documentation                         AA+                               260000                    260000                         0                         140000       6 mo int on 80%
371049525                                                 1050                 6/1/2007                  175000                                     175000       Cash Out Refinance                                  7.2       Full Documentation                         AA+                               250000                    230000                         0                         175000       6 mo int on 80%
371049528                                              1132.55                 8/1/2007                  129600                                  129542.05       Cash Out Refinance                                 9.95       Stated Income Documentation                AA+                               162000                    162000                         0                         129600       None
371049609                                              2399.43                 6/1/2007                  270000                                  269884.32       Rate/Term Refinance                               10.15       Full Documentation                         AA+                               300000                    300000                         0                         270000       6 mo int on 80%
371049643                                              1352.57                 6/1/2007                  179200                                   179086.9       Cash Out Refinance                                  8.3       Full Documentation                         AA+                               224000                    224000                         0                         179200       6 mo int on 80%
371049655                                               779.57                 7/1/2007                  100000                                   99920.83       Cash Out Refinance                                 8.65       Full Documentation                         AA+                               125000                    125000                         0                         100000       6 mo int on 80%
371049670                                              1243.75                 7/1/2007                  189000                                  188937.12       Rate/Term Refinance                                 7.5       Full Documentation                         AA+                               210000                    210000                         0                         189000       6 mo int on 80%
371049697                                              2730.13                 6/1/2007                  390600                                  390555.25       Cash Out Refinance                                 8.25       Stated Income Documentation                AA+                               434000                    434000                         0                         390600       6 mo int on 80%
371049733                                              1420.65                 6/1/2007                  213750                                  213574.44       Cash Out Refinance                                 6.99       Stated Income Documentation                AA+                               285000                    285000                         0                         213750       6 mo int on 80%
371049747                                              2265.71                 7/1/2007                  273000                                  272861.42       Cash Out Refinance                                 9.35       Stated Income Documentation                AA+                               390000                    370000                         0                         273000       6 mo int on 80%
371049759                                               807.36                 7/1/2007                  105000                                  104936.39       Cash Out Refinance                                  8.5       No Documentation                           AA+                               200000                    200000                         0                         105000       6 mo int on 80%
371049766                                              1069.44                 7/1/2007                  150000                                  149893.06       Cash Out Refinance                                  7.7       Full Documentation                         AA+                               300000                    300000                         0                      149893.06       6 mo int on 80%
371049798                                              2002.86                 6/1/2007                  225000                                  224904.02       Cash Out Refinance                                10.17       Full Documentation                         B                                 250000                    241000                         0                         225000       6 mo int on 80%
371049820                                              1347.42                 6/1/2007                  141600                                   141549.4       Cash Out Refinance                                10.99       Stated Income Documentation                AA+                               177000                    165000                         0                         141600       6 mo int on 80%
371049850                                              2837.63                 6/1/2007                  364000                                   363786.2       Cash Out Refinance                                 8.65       Full Documentation                         C                                 560000                    560000                         0                         364000       6 mo int on 80%
371049883                                              1143.24                 6/1/2007                  148000                                  147911.26       Cash Out Refinance                                 8.55       Full Documentation                         AA+                               185000                    185000                         0                         148000       6 mo int on 80%
371049916                                              2577.32                 6/1/2007                  250750                                  250678.09       Cash Out Refinance                                11.99       Stated Income Documentation                AA+                               295000                    295000                         0                         250750       6 mo int on 80%
371050058                                              2384.98                 6/1/2007                  272000                                  271879.42       Cash Out Refinance                                 9.99       Stated Income Documentation                AA+                               320000                    320000                         0                         272000       None
371050079                                              2351.75                 7/1/2007                  315000                                  314971.38       Rate/Term Refinance                                8.85       Stated Income Documentation                AA+                               350000                    350000                         0                         315000       6 mo int on 80%
411004103                                              1290.19                 6/1/2007                  164000                                   163810.6       Cash Out Refinance                                 8.75       Full Documentation                         AA+                               220000                    220000                         0                      163905.64       6 mo int on 80%
411004355                                              1724.34                 6/1/2007                  236000                                  235976.83       Cash Out Refinance                                 8.65       Full Documentation                         AA+                               295000                    295000                         0                         236000       6 mo int on 80%
411004356                                              1136.42                 6/1/2007                  115200                                  115162.78       Cash Out Refinance                                11.45       Full Documentation                         AA+                               128000                    128000                         0                         115200       6 mo int on 80%
411004365                                               914.06                 6/1/2007                  111600                                  111482.63       Cash Out Refinance                                  9.2       Full Documentation                         AA+                               124000                    124000                         0                      111541.54       6 mo int on 80%
411004368                                                911.7                 7/1/2007                  127875                                  127783.83       Rate/Term Refinance                                 7.7       Full Documentation                         AA+                               170500                    170500                         0                         127875       6 mo int on 80%
411004372                                              1155.57                 6/1/2007                  138750                                  138680.15       Rate/Term Refinance                                9.39       Full Documentation                         AA+                               185000                    185000                         0                         138750       None
411004412                                              1095.99                 6/1/2007                  151650                                  151634.52       Rate/Term Refinance                                8.55       Full Documentation                         AA+                               168500                    168500                         0                         151650       6 mo int on 80%
411004465                                              2095.64                 6/1/2007                  265050                                  265011.01       Cash Out Refinance                                  9.4       Full Documentation                         AA+                               343000                    343000                         0                      265030.58       None
411004520                                               691.75                 6/1/2007                   76560                                   76528.58       Cash Out Refinance                                10.35       Stated Income Documentation                AA+                                95700                     95700                         0                          76560       None
411004524                                              1026.12                 6/1/2007                  150000                                  149955.13       Cash Out Refinance                                 7.85       Full Documentation                         AA+                               218000                    200000                         0                         150000       6 mo int on 80%
411004550                                              1571.49                 6/1/2007                  204750                                   204705.6       Cash Out Refinance                                 8.95       Full Documentation                         AA+                               315000                    315000                         0                         204750       6 mo int on 80%
411004571                                               868.78                 6/1/2007                  118400                                  118320.55       Rate/Term Refinance                                   8       Full Documentation                         AA+                               148000                    148000                         0                         118400       None
411004589                                              1449.23                 6/1/2007                  182400                                  182364.37       Cash Out Refinance                                  9.3       Business Bank Statements                   AA+                               228000                    228000                         0                         182400       6 mo int on 80%
411004593                                              1652.41                 6/1/2007                  255000                                  254962.59       Cash Out Refinance                                  7.6       Stated Income Documentation                AA+                               406000                    406000                         0                         255000       6 mo int on 80%
411004606                                              1033.55                 7/1/2007                  137700                                  137687.73       Cash Out Refinance                                  8.9       Full Documentation                         AA+                               162000                    162000                         0                         137700       6 mo int on 80%
411004616                                               805.23                 6/1/2007                   81000                                    80974.4       Rate/Term Refinance                               11.55       Full Documentation                         AA+                                91000                     91000                         0                          81000       6 mo int on 80%
411004617                                              1081.91                 6/1/2007                  104400                                  104370.79       Cash Out Refinance                                 12.1       Full Documentation                         AA+                               116000                    116000                         0                         104400       None
411004622                                              2344.18                 7/1/2007                  280000                                  279860.82       Cash Out Refinance                                 9.45       Full Documentation                         C                                 355000                    355000                         0                         280000       6 mo int on 80%
411004627                                              1741.43                 6/1/2007                  210750                                  210641.88       Cash Out Refinance                                  9.3       Full Documentation                         A                                 281000                    281000                         0                         210750       None
411004649                                                 1512                 7/1/2007                  200000                                  199916.67       Cash Out Refinance                                  8.8       Full Documentation                         A                                 336000                    336000                         0                      199916.67       None
411004661                                              1425.83                 6/1/2007                  178000                                  177901.75       Cash Out Refinance                                 8.95       Full Documentation                         AA+                               265000                    265000                         0                         178000       6 mo int on 80%
411004673                                               517.33                 7/1/2007                   58400                                   58397.32       Rate/Term Refinance                              10.575       Full Documentation                         AA+                                73000                     73000                         0                          58400       2% / 1%
411004680                                              1949.51                 6/1/2007                  202300                                  202230.19       Cash Out Refinance                                11.15       Stated Income Documentation                AA+                               238000                    238000                         0                         202300       2% of ppd amt
411004725                                              1133.17                 6/1/2007                  130000                                   129941.5       Cash Out Refinance                                 9.92       Full Documentation                         AA+                               310000                    310000                         0                         130000       None
411004737                                              1201.31                 7/1/2007                  164500                                   164388.5       Rate/Term Refinance                                7.95       Stated Income Documentation                AA+                               290000                    290000                         0                         164500       6 mo int on 80%
411004784                                              2490.99                 6/1/2007                  414000                                  413924.01       Cash Out Refinance                                    7       Full Documentation                         AA+                               658000                    658000                         0                         414000       6 mo int on 80%
421003855                                               428.66                 6/1/2007                   50000                                   49976.55       Cash Out Refinance                                9.725       Full Documentation                         AA+                               252000                    252000                         0                          50000       None
421004041                                               874.47                 7/1/2007                   85000                                   84901.16       Cash Out Refinance                                10.95       Full Documentation                         AA+                               101000                    101000                         0                          85000       3% / 2% / 1%
421004117                                               837.21                 7/1/2007                  100000                                   99950.29       Cash Out Refinance                                 9.45       Full Documentation                         AA+                               133500                    133500                         0                       99950.29       None
421004136                                              1306.47                 7/1/2007                  144000                                  143941.53       Cash Out Refinance                                 10.4       Full Documentation                         A                                 160000                    160000                         0                         144000       6 mo int on 80%
421004144                                               868.82                 7/1/2007                  100000                                   99970.57       Cash Out Refinance                                10.25       Full Documentation                         AA+                               355000                    355000                         0                       99985.35       None
421004221                                              1836.43                 6/1/2007                  218400                                  218184.29       Cash Out Refinance                                  9.5       Full Documentation                         AA+                               273000                    273000                         0                      218292.57       6 mo int on 80%
421004229                                               502.79                 6/1/2007                   50000                                   49984.71       Cash Out Refinance                                 11.7       Full Documentation                         AA+                                57000                     57000                         0                          50000       None
421004232                                              1313.99                 6/1/2007                  151000                                  150931.76       Cash Out Refinance                                  9.9       Full Documentation                         AA+                               172000                    172000                         0                         151000       None
421004235                                              1050.18                 6/1/2007                  108550                                  108512.95       Cash Out Refinance                                 11.2       Stated Income Documentation                AA                                167000                    151000                         0                         108550       None
421004254                                              1606.62                 6/1/2007                  220000                                  219850.88       Rate/Term Refinance                                7.95       Full Documentation                         AA                                325000                    325000                         0                         220000       6 mo int on 80%
421004275                                               814.02                 7/1/2007                  112000                                  111907.43       Cash Out Refinance                                  7.9       Full Documentation                         AA+                               160000                    160000                         0                         112000       6 mo int on 80%
421004280                                               618.72                 7/1/2007                   62000                                   61980.61       Cash Out Refinance                                 11.6       Full Documentation                         AA+                                75000                     75000                         0                       61980.61       None
421004283                                               914.07                 6/1/2007                   90900                                   90872.21       Cash Out Refinance                                 11.7       Full Documentation                         AA+                               101000                    101000                         0                          90900       None
421004285                                               877.57                 6/1/2007                  100000                                   99955.76       Cash Out Refinance                                   10       Full Documentation                         A                                 140000                    140000                         0                         100000       None
421004287                                              2117.26                 6/1/2007                  225000                                  224917.12       Cash Out Refinance                                10.85       Full Documentation                         AA+                               250000                    250000                         0                         225000       2% of UPB
511053591                                               828.76                 6/1/2007                  103000                                  102887.06       Rate/Term Refinance                                   9       Full Documentation                         AA+                               116000                    116000                         0                      102943.74       None
511058693                                              2215.84                 6/1/2007                  300000                                  299902.94       Cash Out Refinance                                 8.75       Stated Income Documentation                A                                 510000                    510000                         0                         300000       6 mo int on 80%
511059491                                               976.78                 7/1/2007                  168750                                  168680.62       Rate/Term Refinance                                 6.7       Stated Income Documentation                AA+                               225000                    225000                         0                      168715.41       6 mo int on 80%
511060021                                              2530.56                 6/1/2007                  374000                                  373768.97       Cash Out Refinance                                 7.75       Full Documentation                         AA+                               440000                    440000                         0                      373884.86       6 mo int on 80%
511060196                                              1948.71                 7/1/2007                  310000                                  309950.04       Cash Out Refinance                                 7.35       Business Bank Statements                   AA+                               600000                    600000                         0                         310000       6 mo int on 80%
511060897                                              1318.09                 7/1/2007                  162000                                  161826.92       Cash Out Refinance                                9.125       Full Documentation                         B                                 205000                    205000                         0                      161913.79       2 mo int or 60 days int on UPB
511061036                                              1732.23                 6/1/2007                  229500                                  229209.29       Purchase                                            8.3       Full Documentation                         AA+                               270000                    270000                    270000                      229355.15       6 mo int on 80%
511061056                                              1932.68                 6/1/2007                  375020                                  374810.57       Cash Out Refinance                                 5.85       Full Documentation                         AA+                               430000                    430000                         0                      374915.54       6 mo int on 80%
511061092                                               2668.4                 6/1/2007                  310500                                  310467.44       Cash Out Refinance                                10.25       Full Documentation                         AA+                               345000                    345000                         0                      310483.79       6 mo int on 80%
511061140                                              1772.91                 6/1/2007                  261000                                  260933.96       Cash Out Refinance                                    8       Stated Income Documentation                AA+                               290000                    290000                         0                      260967.09       6 mo int on 80%
511061190                                              1113.02                 6/1/2007                  175000                                  174873.58       Cash Out Refinance                                  7.2       Full Documentation                         AA+                               334000                    334000                         0                      174936.98       6 mo int on 80%
511061219                                              1644.18                 6/1/2007                  234000                                  233655.06       Cash Out Refinance                                 7.55       Full Documentation                         AA+                               365000                    330000                         0                      233828.07       1% of amt ppd if loan greater than $150K
511061229                                               864.75                 6/1/2007                   88000                                   87898.58       Cash Out Refinance                                 11.4       Full Documentation                         C                                 115000                    115000                         0                       87928.01       1% of amt prepaid
511061244                                              1769.04                 6/1/2007                  234000                                  233893.53       Cash Out Refinance                                  8.8       Full Documentation                         AA+                               278000                    278000                         0                      233946.96       6 mo int on 80%
511061300                                              2673.92                 6/1/2007                  370500                                  370307.62       Rate/Term Refinance                                8.35       Full Documentation                         AA                                494000                    494000                         0                      370404.14       6 mo int on 80%
511061305                                               972.98                 7/1/2007                  135000                                  134986.08       Cash Out Refinance                                8.525       Full Documentation                         AA+                               150000                    150000                         0                         135000       2% of UPB
511061319                                              1849.12                 7/1/2007                  275400                                  275363.93       Cash Out Refinance                                  7.9       Stated Income Documentation                AA+                               306000                    306000                         0                         275400       6 mo int on 80%
511061325                                              2614.31                 6/1/2007                  405875                                  405753.26       Cash Out Refinance                                 7.55       Stated Income Documentation                AA+                               477500                    477500                         0                      405814.32       6 mo int on 80%
511061326                                              3066.93                 7/1/2007                  375000                                   374865.6       Cash Out Refinance                                  9.6       Stated Income Documentation                A                                 920000                    920000                         0                      374933.07       None
511061328                                              2983.17                 6/1/2007                  373500                                  373447.21       Cash Out Refinance                                  9.5       Stated Income Documentation                AA+                               415000                    415000                         0                         373500       6 mo int on 80%
511061346                                              2044.79                 6/1/2007                  263500                                  263186.14       Cash Out Refinance                                  8.6       Stated Income Documentation                A                                 310000                    310000                         0                         263500       6 mo int on 80%
511061369                                               889.94                 7/1/2007                  114300                                  114291.12       Rate/Term Refinance                                9.25       Full Documentation                         AA+                               127000                    127000                         0                         114300       6 mo int on 80%
511061370                                              2557.31                 6/1/2007                  360000                                  359804.72       Cash Out Refinance                                  8.2       Stated Income Documentation                AA+                               429000                    429000                         0                         360000       6 mo int on 80%
511061381                                              2379.43                 6/1/2007                  270000                                  269762.65       Cash Out Refinance                                10.05       Full Documentation                         AA+                               300000                    300000                         0                      269881.82       6 mo int on 80%
511061389                                              1984.65                 7/1/2007                  246000                                  245983.35       Cash Out Refinance                                  9.6       Stated Income Documentation                AA+                               315000                    285000                         0                      245983.35       6 mo int on 80%
511061395                                              1211.49                 6/1/2007                  154800                                  154788.21       Cash Out Refinance                                  9.3       Full Documentation                         AA+                               172000                    172000                         0                         154800       6 mo int on 80%
511061398                                              1963.25                 6/1/2007                  252000                                  251947.75       Cash Out Refinance                                  9.1       Stated Income Documentation                A                                 355000                    355000                         0                         252000       6 mo int on 80%
511061417                                              1495.06                 6/1/2007                  201450                                  201185.28       Cash Out Refinance                                 8.12       Business Bank Statements                   B                                 237000                    237000                         0                      201318.09       6 mo int on 80%
511061418                                              2667.18                 6/1/2007                  337500                                  337307.82       Cash Out Refinance                                  8.8       Full Documentation                         AA+                               375000                    375000                         0                         337500       6 mo int on 80%
511061447                                              1726.71                 6/1/2007                  225250                                  225212.74       Rate/Term Refinance                                 9.1       Full Documentation                         AA+                               265000                    265000                         0                      225231.44       None
511061467                                              1949.08                 6/1/2007                  250020                                  249725.24       Cash Out Refinance                                 8.65       Business Bank Statements                   AA+                               472000                    472000                         0                      249873.15       None
511061485                                              1328.69                 7/1/2007                  183690                                  183363.29       Cash Out Refinance                                 7.85       Full Documentation                         AA+                               204100                    204100                         0                      183491.64       6 mo int on 80%
511061495                                               2070.1                 6/1/2007                  303000                                  302962.53       Cash Out Refinance                                 8.05       Stated Income Documentation                AA+                               585000                    585000                         0                         303000       6 mo int on 80%
511061518                                              2230.86                 6/1/2007                  339000                                  338887.89       Rate/Term Refinance                                 7.5       Full Documentation                         AA                                415000                    415000                         0                         339000       None
511061531                                              2378.17                 6/1/2007                  285300                                  285156.68       Rate/Term Refinance                                 9.4       Full Documentation                         AA+                               317000                    317000                         0                         285300       6 mo int on 80%
511061598                                              2167.39                 6/1/2007                  270000                                  269962.57       Cash Out Refinance                                 9.55       Stated Income Documentation                AA+                               380000                    380000                         0                      269981.36       6 mo int on 80%
511061620                                              1529.12                 6/1/2007                  176000                                   175948.2       Cash Out Refinance                                10.25       Stated Income Documentation                A                                 220000                    220000                         0                      175974.21       6 mo int on 80%
511061631                                              2190.07                 6/1/2007                  261000                                  260969.73       Cash Out Refinance                                   10       Stated Income Documentation                AA                                290000                    290000                         0                      260984.93       6 mo int on 80%
511061648                                              1526.45                 6/1/2007                  225600                                  225460.65       Cash Out Refinance                                 7.75       Full Documentation                         AA+                               301000                    301000                         0                         225600       6 mo int on 80%
511061686                                              2601.15                 6/1/2007                  349500                                  349043.53       Cash Out Refinance                                 8.15       Full Documentation                         C                                 466000                    466000                         0                      349272.54       6 mo int on 80%
511061699                                              2104.72                 6/1/2007                  306000                                  305818.97       Cash Out Refinance                                  7.9       Full Documentation                         AA+                               360000                    360000                         0                      305909.78       6 mo int on 80%
511061708                                              1380.94                 7/1/2007                  189000                                  188962.67       Cash Out Refinance                                 8.65       Full Documentation                         AA+                               215000                    205000                         0                      188981.43       6 mo int on 80%
511061712                                              1862.67                 6/1/2007                  260000                                  259631.81       Cash Out Refinance                                 7.75       Full Documentation                         AA+                               530000                    530000                         0                         260000       6 mo int on 80%
511061725                                               1357.3                 7/1/2007                  212000                                  211888.13       Cash Out Refinance                                  7.5       Full Documentation                         AA+                               265000                    265000                         0                      211888.13       6 mo int on 80%
511061730                                               624.98                 7/1/2007                   64600                                    64555.7       Cash Out Refinance                                 11.2       Full Documentation                         AA+                                76000                     76000                         0                       64577.95       None
511061748                                              1283.56                 6/1/2007                  176000                                  175911.23       Cash Out Refinance                                 8.45       Full Documentation                         AA                                220000                    220000                         0                      175955.77       6 mo int on 80%
511061758                                              3064.24                 6/1/2007                  433500                                  433404.06       Cash Out Refinance                                 8.35       Stated Income Documentation                AA+                               520000                    520000                         0                       433452.2       6 mo int on 80%
511061760                                              2093.97                 6/1/2007                  283500                                  283440.17       Rate/Term Refinance                                8.75       Full Documentation                         AA+                               315000                    315000                         0                         283500       6 mo int on 80%
511061771                                              1207.45                 6/1/2007                  150500                                  150471.47       Cash Out Refinance                                  9.4       Stated Income Documentation                A                                 216000                    216000                         0                         150500       6 mo int on 80%
511061778                                              1789.31                 6/1/2007                  263000                                  262920.19       Cash Out Refinance                                  7.8       Full Documentation                         AA+                               405000                    405000                         0                         263000       6 mo int on 80%
511061783                                              1789.33                 5/1/2007                  256000                                  255941.14       Cash Out Refinance                                 8.25       Stated Income Documentation                A                                 330000                    330000                         0                      255970.67       6 mo int on 80%
511061796                                              1296.68                 6/1/2007                  187500                                  187390.66       Cash Out Refinance                                 7.95       Stated Income Documentation                A                                 272000                    272000                         0                      187445.51       6 mo int on 80%
511061806                                              2220.18                 7/1/2007                  283500                                   283169.2       Cash Out Refinance                                  8.7       Full Documentation                         AA+                               315000                    300000                         0                       283335.2       3% / 2% / 1%
511061824                                              1663.93                 6/1/2007                  217000                                  216734.52       Rate/Term Refinance                                8.47       Full Documentation                         C                                 310000                    310000                         0                         217000       6 mo int on 80%
511061829                                              1350.39                 6/1/2007                  196000                                  195850.11       Cash Out Refinance                                 7.35       Full Documentation                         AA+                               286000                    245000                         0                         196000       6 mo int on 80%
511061837                                              2707.81                 6/1/2007                  360000                                  359833.78       Cash Out Refinance                                 8.75       Stated Income Documentation                AA+                               450000                    450000                         0                      359917.19       6 mo int on 80%
511061848                                              1981.56                 7/1/2007                  240000                                  239916.54       Cash Out Refinance                                  9.7       Stated Income Documentation                AA                                382000                    382000                         0                      239958.44       6 mo int on 80%
511061858                                                 1218                 7/1/2007                  168000                                     168000       Cash Out Refinance                                  8.7       Stated Income Documentation                AA+                               280000                    280000                         0                         168000       None
511061889                                              2417.01                 6/1/2007                  349500                                  349296.18       Rate/Term Refinance                                7.95       Full Documentation                         AA                                400000                    400000                         0                      349398.43       6 mo int on 80%
511061905                                              2057.08                 6/1/2007                  331992                                  331735.73       Cash Out Refinance                                6.975       Full Documentation                         AA+                               580000                    580000                         0                      331863.85       6 mo int on 80%
511061936                                              2270.93                 6/1/2007                  279000                                  278898.48       Cash Out Refinance                                 9.55       Full Documentation                         AA                                310000                    310000                         0                      278949.44       6 mo int on 80%
511061973                                              2153.08                 6/1/2007                  270000                                  269697.72       Cash Out Refinance                                  8.9       Business Bank Statements                   A                                 300000                    300000                         0                      269849.42       6 mo int on 80%
511061987                                              2433.25                 6/1/2007                  315000                                  314811.13       Rate/Term Refinance                                8.55       Full Documentation                         AA+                               450000                    450000                         0                         315000       6 mo int on 80%
511061988                                              1274.17                 7/1/2007                  177000                                  176751.86       Cash Out Refinance                                  7.8       Full Documentation                         AA+                               295000                    280000                         0                      176751.86       6 mo int on 80%
511061990                                              1650.19                 6/1/2007                  190800                                  190742.98       Cash Out Refinance                                 10.2       Stated Income Documentation                AA+                               212000                    212000                         0                      190771.61       6 mo int on 80%
511061995                                               924.47                 8/1/2007                  112500                                  112480.22       Cash Out Refinance                                 9.65       Full Documentation                         AA+                               125000                    125000                         0                         112500       1% of amt prepaid
511061998                                                 4214                 6/1/2007                  588000                                     588000       Purchase                                            8.6       Full Documentation                         AA+                               860000                    860000                    840000                         588000       6 mo int on 80%
511062001                                              2656.82                 6/1/2007                  410000                                  409879.32       Cash Out Refinance                                  7.6       Full Documentation                         AA+                               835000                    835000                         0                      409939.85       None
511062015                                              2126.74                 6/1/2007                  306000                                  305928.28       Cash Out Refinance                                  8.2       Stated Income Documentation                AA+                               340000                    340000                         0                         306000       6 mo int on 80%
511062026                                              2911.75                 6/1/2007                  351000                                  350879.77       Cash Out Refinance                                 9.75       Business Bank Statements                   AA+                               390000                    390000                         0                         351000       1% of amt ppd if loan greater than $150K
511062049                                              2130.15                 6/1/2007                  274500                                  274173.03       Cash Out Refinance                                  8.6       Full Documentation                         AA+                               305000                    305000                         0                       274337.1       1% of amt ppd if loan greater than $150K
511062059                                              2046.81                 6/1/2007                  368000                                  367831.27       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               460000                    460000                         0                      367915.86       6 mo int on 80%
511062068                                              1307.88                 7/1/2007                  174250                                  174234.47       Cash Out Refinance                                  8.9       Full Documentation                         AA+                               181000                    181000                         0                         174250       6 mo int on 80%
511062073                                              2719.78                 7/1/2007                  340650                                  340518.39       Cash Out Refinance                                 9.35       Full Documentation                         AA+                               378500                    378500                         0                      340584.45       6 mo int on 80%
511062074                                              2468.73                 6/1/2007                  401955                                  401639.12       Cash Out Refinance                                  6.9       Full Documentation                         AA+                               633000                    633000                         0                         401955       6 mo int on 80%
511062085                                               865.14                 6/1/2007                   99000                                   98955.74       Cash Out Refinance                                 9.95       Full Documentation                         AA+                               110000                    110000                         0                          99000       3% / 2% / 1%
511062088                                              2104.43                 6/1/2007                  319000                                  318911.27       Cash Out Refinance                                 7.75       Full Documentation                         AA+                               460000                    460000                         0                      318955.78       6 mo int on 80%
511062121                                              1413.74                 6/1/2007                  219750                                  219595.67       Cash Out Refinance                                  7.3       Full Documentation                         AA+                               293000                    293000                         0                      219673.07       6 mo int on 80%
511062124                                              1082.06                 7/1/2007                  165000                                  164953.23       Cash Out Refinance                                  7.7       Full Documentation                         AA+                               220000                    220000                         0                      164976.69       6 mo int on 80%
511062137                                              1778.61                 6/1/2007                  260000                                  259922.22       Cash Out Refinance                                 7.85       Business Bank Statements                   AA                                350000                    350000                         0                         260000       3% / 2% / 1%
511062139                                               597.96                 6/1/2007                   62050                                   62028.59       Cash Out Refinance                                11.15       Full Documentation                         AA+                                73000                     70000                         0                          62050       6 mo int on 80%
511062167                                              1697.26                 6/1/2007                  270000                                  269956.49       Cash Out Refinance                                 7.35       Full Documentation                         AA+                               300000                    300000                         0                         270000       6 mo int on 80%
511062186                                              1922.63                 6/1/2007                  277002                                  276793.32       Cash Out Refinance                                7.425       Stated Income Documentation                AA+                               428000                    428000                         0                         277002       2% of ppd amt
511062196                                              2481.14                 7/1/2007                  415000                                  414694.62       Cash Out Refinance                                 6.95       Full Documentation                         AA+                               620000                    575000                         0                      414773.53       6 mo int on 80%
511062208                                              2200.46                 8/1/2007                  216000                                  214861.78       Rate/Term Refinance                               9.075       Full Documentation                         AA                                240000                    240000                         0                      214861.78       1% of amt prepaid
511062211                                              1842.02                 6/1/2007                  284000                                  283755.48       Cash Out Refinance                                 6.75       Full Documentation                         AA+                               355000                    355000                         0                         284000       6 mo int on 80%
511062213                                               909.62                 6/1/2007                  133700                                  133659.43       Cash Out Refinance                                  7.8       Full Documentation                         AA+                               191000                    191000                         0                         133700       6 mo int on 80%
511062216                                               990.25                 7/1/2007                  136850                                  136779.45       Rate/Term Refinance                               8.375       Full Documentation                         AA+                               161000                    145000                         0                      136814.85       2 mo int or 60 days int on UPB
511062218                                              1507.91                 6/1/2007                  195000                                  194916.99       Cash Out Refinance                                9.025       Full Documentation                         AA+                               245000                    245000                         0                      194958.65       6 mo int on 80%
511062235                                              1779.51                 6/1/2007                  263000                                  262837.54       Rate/Term Refinance                                7.75       Full Documentation                         AA+                               330900                    330900                         0                      262919.03       6 mo int on 80%
511062241                                               1730.1                 6/1/2007                  236000                                  235941.57       Cash Out Refinance                                  8.5       Full Documentation                         AA                                297000                    295000                         0                         236000       6 mo int on 80%
511062242                                              1712.17                 6/1/2007                  236000                                  235879.24       Cash Out Refinance                                  8.4       Full Documentation                         AA+                               295000                    295000                         0                      235939.83       6 mo int on 80%
511062254                                              2180.04                 5/1/2007                  300000                                   299939.7       Cash Out Refinance                                  8.6       Stated Income Documentation                AA+                               375000                    375000                         0                         300000       6 mo int on 80%
511062283                                              2819.53                 6/1/2007                  358400                                   358193.8       Cash Out Refinance                                 8.75       Full Documentation                         A                                 512000                    475000                         0                         358400       6 mo int on 80%
511062316                                              2372.29                 5/1/2007                  326400                                  325951.55       Rate/Term Refinance                                 7.9       No Documentation                           AA+                               408000                    408000                         0                         326400       6 mo int on 80%
511062347                                              1237.05                 6/1/2007                  148500                                  148481.31       Purchase                                          9.925       Stated Income Documentation                AA+                               165000                    165000                    165000                      148490.22       1% of UPB
511062349                                              1334.33                 6/1/2007                  145600                                  145594.27       Cash Out Refinance                                10.95       Stated Income Documentation                AA+                               182000                    182000                         0                         145600       6 mo int on 80%
511062377                                              2458.41                 6/1/2007                  406000                                  405926.84       Rate/Term Refinance                                7.05       Stated Income Documentation                AA+                               515000                    515000                         0                         406000       6 mo int on 80%
511062386                                              3302.61                 6/1/2007                  400000                                  399930.72       Cash Out Refinance                                  9.7       Stated Income Documentation                B                                 500000                    500000                         0                         400000       6 mo int on 80%
511062398                                               868.27                 6/1/2007                  126000                                   125969.6       Cash Out Refinance                                8.125       Full Documentation                         AA+                               140000                    140000                         0                      125984.85       1% of UPB
511062419                                              1529.88                 6/1/2007                  185000                                  184988.66       Cash Out Refinance                                 9.85       Stated Income Documentation                AA+                               265000                    265000                         0                         185000       6 mo int on 80%
511062427                                              1216.89                 6/1/2007                  166000                                  165776.04       Rate/Term Refinance                                7.99       Full Documentation                         AA+                               233000                    233000                         0                      165888.39       6 mo int on 80%
511062438                                              2555.31                 7/1/2007                  331500                                     331500       Cash Out Refinance                                 9.25       Stated Income Documentation                AA+                               390000                    390000                         0                         331500       6 mo int on 80%
511062440                                              2066.91                 6/1/2007                  311987                                     311987       Cash Out Refinance                                 7.95       Full Documentation                         AA                                347000                    347000                         0                         311987       6 mo int on 80%
511062452                                              2268.22                 6/1/2007                  365000                                  364860.95       Cash Out Refinance                                    7       Full Documentation                         AA+                               705000                    705000                         0                         365000       6 mo int on 80%
511062479                                              1969.17                 7/1/2007                  340000                                     340000       Cash Out Refinance                                 6.95       Full Documentation                         AA+                               400000                    400000                         0                         340000       6 mo int on 80%
511062490                                              1696.38                 6/1/2007                  288000                                  287875.62       Cash Out Refinance                                 6.55       Stated Income Documentation                AA+                               360000                    360000                         0                         288000       6 mo int on 80%
511062493                                               945.92                 7/1/2007                  128000                                  127830.25       Rate/Term Refinance                               8.075       Full Documentation                         AA+                               160000                    160000                         0                      127830.25       6 mo int on 80%
511062519                                              1777.28                 6/1/2007                  281000                                  280955.55       Cash Out Refinance                                  7.4       Business Bank Statements                   AA+                               475000                    475000                         0                         281000       6 mo int on 80%
511062530                                              2176.62                 6/1/2007                  328000                                  327910.47       Cash Out Refinance                                  7.8       Stated Income Documentation                AA+                               410000                    410000                         0                      327955.38       6 mo int on 80%
511062536                                              2433.24                 6/1/2007                  412250                                  412089.58       Cash Out Refinance                                 6.85       Stated Income Documentation                AA                                485000                    485000                         0                      412170.02       None
511062541                                              1585.17                 6/1/2007                  285000                                  284869.31       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               411000                    411000                         0                      284934.83       6 mo int on 80%
511062543                                              1769.22                 6/1/2007                  263500                                  263430.75       Cash Out Refinance                                  7.9       Stated Income Documentation                AA+                               310000                    310000                         0                      263465.49       6 mo int on 80%
511062564                                              2760.61                 6/1/2007                  408000                                  407747.97       Cash Out Refinance                                 7.75       Stated Income Documentation                AA                                510000                    510000                         0                      407874.39       6 mo int on 80%
511062583                                               2232.8                 6/1/2007                  270000                                  269966.76       Rate/Term Refinance                                9.85       Stated Income Documentation                AA                                300000                    300000                         0                      269983.45       6 mo int on 80%
511062586                                               2439.5                 6/1/2007                  351000                                     350959       Cash Out Refinance                                  8.2       Business Bank Statements                   AA+                               445000                    390000                         0                         351000       2% of ppd amt
511062589                                              1765.11                 6/1/2007                  222700                                  222656.18       Cash Out Refinance                                9.275       Full Documentation                         AA                                262000                    262000                         0                         222700       1% of UPB
511062619                                              1773.24                 6/1/2007                  236250                                  236228.95       Cash Out Refinance                                  8.9       Stated Income Documentation                AA+                               315000                    315000                         0                         236250       6 mo int on 80%
511062635                                              2979.48                 6/1/2007                  392000                                     391511       Cash Out Refinance                                8.375       Stated Income Documentation                AA+                               560000                    560000                         0                      391756.35       6 mo int on 80%
511062644                                               1891.2                 6/1/2007                  327000                                  326704.81       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               425000                    425000                         0                       326852.8       6 mo int on 80%
511062670                                              2460.05                 7/1/2007                  410008                                  409999.95       Cash Out Refinance                                  7.2       Stated Income Documentation                AA+                               530000                    530000                         0                         410000       6 mo int on 80%
511062679                                              2110.92                 6/1/2007                  330000                                  329690.74       Cash Out Refinance                                 7.25       Full Documentation                         A                                 520000                    472000                         0                      329809.06       6 mo int on 80%
511062737                                              1436.93                 7/1/2007                  230000                                  229962.24       Cash Out Refinance                                  7.3       Full Documentation                         AA+                               330000                    330000                         0                      229962.24       6 mo int on 80%
511062745                                              1243.06                 6/1/2007                  148500                                  148491.35       Rate/Term Refinance                               9.975       Full Documentation                         AA+                               165000                    165000                         0                         148500       2% / 1%
511062755                                              2418.75                 6/1/2007                  350000                                  349958.33       Cash Out Refinance                                 8.15       Full Documentation                         AA+                               580000                    580000                         0                         350000       6 mo int on 80%
511062768                                              2142.18                 7/1/2007                  284800                                  284734.49       Cash Out Refinance                                 8.75       Full Documentation                         AA                                356000                    356000                         0                         284800       6 mo int on 80%
511062777                                               2591.4                 6/1/2007                  397500                                  396820.28       Cash Out Refinance                                  6.8       Full Documentation                         AA+                               530000                    530000                         0                       397161.1       6 mo int on 80%
511062841                                              2102.63                 6/1/2007                  306000                                  305962.87       Cash Out Refinance                                  8.1       Stated Income Documentation                AA+                               360000                    360000                         0                         306000       6 mo int on 80%
511062876                                              1626.66                 7/1/2007                  304999                                     304999       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               430000                    430000                         0                         304999       6 mo int on 80%
511062898                                              2083.97                 6/1/2007                  259000                                  258858.53       Cash Out Refinance                                    9       Full Documentation                         AA+                               288000                    288000                         0                         259000       2% of ppd amt
511062910                                              1722.13                 7/1/2007                  265000                                  264772.69       Cash Out Refinance                                6.769       Full Documentation                         AA+                               312000                    312000                         0                         265000       6 mo int on 80%
511062919                                              1915.42                 6/1/2007                  280000                                  279916.25       Cash Out Refinance                                 7.85       Full Documentation                         AA+                               400000                    400000                         0                         280000       6 mo int on 80%
511062936                                              1617.64                 6/1/2007                  195000                                  194966.74       Cash Out Refinance                                 9.75       Full Documentation                         B                                 260000                    260000                         0                         195000       6 mo int on 80%
511062938                                              2040.07                 6/1/2007                  271800                                  271775.78       Rate/Term Refinance                                 8.9       Full Documentation                         AA+                               302000                    302000                         0                         271800       None
511062983                                               2581.4                 6/1/2007                  302600                                  302552.88       Cash Out Refinance                                10.05       Stated Income Documentation                AA+                               356000                    356000                         0                         302600       6 mo int on 80%
511062999                                              1260.82                 7/1/2007                  183000                                  182860.06       Cash Out Refinance                                 7.35       Full Documentation                         AA+                               309000                    309000                         0                         183000       2 mo int or 60 days int on UPB
511063022                                              2570.37                 6/1/2007                  348000                                  347967.13       Cash Out Refinance                                 8.75       Stated Income Documentation                AA+                               435000                    435000                         0                         348000       6 mo int on 80%
511063024                                              2508.66                 6/1/2007                  328500                                  328427.72       Cash Out Refinance                                  8.9       Full Documentation                         AA                                365000                    365000                         0                         328500       6 mo int on 80%
511063047                                              2631.57                 7/1/2007                  348750                                  348719.52       Cash Out Refinance                                 8.95       Full Documentation                         AA+                               465000                    465000                         0                         348750       6 mo int on 80%
511063060                                              1585.92                 7/1/2007                  291009                                  290938.75       Cash Out Refinance                                 6.25       Full Documentation                         AA+                               374000                    374000                         0                      290938.75       6 mo int on 80%
511063076                                              2142.44                 7/1/2007                  275000                                  274742.98       Cash Out Refinance                                  9.1       No Documentation                           AA+                               376000                    376000                         0                         275000       None
511063088                                              1982.13                 6/1/2007                  353980                                  353900.51       Cash Out Refinance                                 6.45       Full Documentation                         AA+                               550000                    550000                         0                         353980       6 mo int on 80%
511063103                                              1532.23                 6/1/2007                  306000                                  305908.52       Cash Out Refinance                                 5.65       Full Documentation                         AA+                               340000                    340000                         0                         306000       6 mo int on 80%
511063107                                              1626.32                 6/1/2007                  260000                                  259760.35       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               366000                    350000                         0                         260000       6 mo int on 80%
511063121                                              1315.35                 6/1/2007                  161600                                  161570.72       Cash Out Refinance                                 9.55       Full Documentation                         A                                 202000                    202000                         0                         161600       6 mo int on 80%
511063132                                              1396.45                 7/1/2007                  165000                                  164919.56       Cash Out Refinance                                9.575       Full Documentation                         AA+                               366000                    366000                         0                      164919.56       None
511063192                                              1824.56                 6/1/2007                  261000                                  260926.32       Rate/Term Refinance                                8.05       Full Documentation                         AA+                               290000                    290000                         0                         261000       6 mo int on 80%
511063196                                              2618.53                 6/1/2007                  395250                                     395250       Cash Out Refinance                                 7.95       Full Documentation                         AA+                               465000                    465000                         0                         395250       6 mo int on 80%
511063247                                               978.78                 7/1/2007                  166600                                     166600       Cash Out Refinance                                 7.05       Full Documentation                         AA+                               227000                    196000                         0                         166600       6 mo int on 80%
511063254                                              1075.78                 7/1/2007                  191250                                     191250       Cash Out Refinance                                 6.75       Full Documentation                         AA+                               225000                    225000                         0                         191250       6 mo int on 80%
511063284                                               695.74                 6/1/2007                   66150                                    66132.3       Purchase                                           12.3       Business Bank Statements                   AA+                                73500                     73500                     73500                          66150       None
511063289                                              2315.18                 7/1/2007                  307800                                   307729.2       Cash Out Refinance                                 8.75       Full Documentation                         A                                 342000                    342000                         0                         307800       6 mo int on 80%
511063292                                              2701.92                 6/1/2007                  340000                                  339975.58       Cash Out Refinance                                 9.45       Full Documentation                         AA+                               400000                    400000                         0                         340000       6 mo int on 80%
511063360                                              2061.56                 6/1/2007                  369986                                   369805.2       Cash Out Refinance                                  6.1       Full Documentation                         AA+                               600000                    600000                         0                         369986       6 mo int on 80%
511063377                                              1327.04                 6/1/2007                  175000                                  174890.67       Cash Out Refinance                                 8.35       Full Documentation                         A                                 225000                    225000                         0                         175000       6 mo int on 80%
521053052                                              1045.87                 6/1/2007                  110700                                  110659.66       Cash Out Refinance                                 10.9       Full Documentation                         AA+                               123000                    123000                         0                         110700       1% of amt prepaid
521053537                                              1447.35                 6/1/2007                  181500                                   181296.8       Rate/Term Refinance                                 8.9       Full Documentation                         AA+                               242000                    242000                         0                      181398.78       None
521054061                                               888.68                 7/1/2007                  100000                                   99956.52       Cash Out Refinance                                10.15       Full Documentation                         B                                 139900                    139900                         0                         100000       None
521056472                                               992.24                 6/1/2007                169998.1                                  169772.01       Cash Out Refinance                                6.475       Full Documentation                         AA+                               283000                    265000                         0                      169847.78       None
521056534                                              1838.71                 6/1/2007                  227500                                  227253.11       Cash Out Refinance                                 9.05       Full Documentation                         AA+                               305000                    305000                         0                      227377.02       None
521056665                                              1426.57                 7/1/2007                  188700                                  188657.23       Cash Out Refinance                                  8.8       Full Documentation                         AA+                               222000                    222000                         0                      188657.23       1% of amt prepaid
521056917                                              1444.63                 6/1/2007                  161500                                  161478.59       Cash Out Refinance                               10.575       Full Documentation                         AA+                               190000                    182000                         0                         161500       None
521056946                                               903.69                 6/1/2007                   92500                                   92438.27       Cash Out Refinance                               11.325       Full Documentation                         AA+                               105000                    105000                         0                       92469.28       2% / 1%
521057166                                               672.68                 6/1/2007                   80000                                   79960.65       Cash Out Refinance                                  9.5       Full Documentation                         AA+                               100000                    100000                         0                          80000       1% of amt prepaid
521057276                                              1162.34                 6/1/2007                  135000                                  134937.35       Purchase                                          9.775       Full Documentation                         AA+                               150000                    143000                    150000                         135000       None
521057382                                               987.04                 6/1/2007                  132000                                  131914.96       Cash Out Refinance                                  8.2       Stated Income Documentation                AA+                               275000                    275000                         0                         132000       1% of amt prepaid
521057385                                               715.65                 6/1/2007                   77600                                   77569.82       Cash Out Refinance                                 10.6       Full Documentation                         AA                                 97000                     97000                         0                          77600       None
521057412                                                833.5                 6/1/2007                  108500                                  108367.81       Rate/Term Refinance                                8.49       Full Documentation                         AA+                               190000                    190000                         0                      108434.14       1% of amt prepaid
521057549                                              1221.64                 6/1/2007                  144000                                  143977.16       Rate/Term Refinance                                9.99       Stated Income Documentation                A                                 180000                    180000                         0                         144000       None
521057579                                              1085.71                 7/1/2007                  135000                                   134974.6       Cash Out Refinance                                9.425       Full Documentation                         AA+                               150000                    150000                         0                         135000       3% / 2% / 1%
521057586                                               539.01                 6/1/2007                   52500                                    52484.9       Cash Out Refinance                               11.975       Stated Income Documentation                AA+                                70000                     70000                         0                          52500       1% of amt prepaid
521057617                                              1203.04                 6/1/2007                  162000                                  161961.34       Rate/Term Refinance                               8.625       Full Documentation                         AA+                               180000                    180000                         0                         162000       None
521057618                                              1359.23                 6/1/2007                  162000                                   161919.9       Cash Out Refinance                                9.475       Full Documentation                         AA+                               180000                    180000                         0                         162000       None
521057640                                              1062.55                 6/1/2007                  114750                                  114705.86       Cash Out Refinance                                10.65       Full Documentation                         AA+                               153000                    135000                         0                         114750       1% of amt prepaid
521057648                                              2157.68                 6/1/2007                  307000                                  306914.57       Cash Out Refinance                                  8.1       Full Documentation                         AA+                               390000                    355000                         0                         307000       6 mo int on 80%
521057714                                               554.17                 7/1/2007                   54900                                   54883.39       Purchase                                          11.75       Full Documentation                         AA+                                63000                     63000                     61000                       54883.39       1% of amt prepaid
521057779                                              1399.83                 6/1/2007                  168300                                  168215.01       Rate/Term Refinance                               9.375       Full Documentation                         AA+                               187000                    187000                         0                         168300       None
521057806                                               884.09                 7/1/2007                  100320                                   99613.03       Cash Out Refinance                                10.05       Full Documentation                         B                                 152000                    152000                         0                       99967.99       1% of amt prepaid
521057811                                               1454.8                 7/1/2007                  180000                                   179702.7       Cash Out Refinance                                 9.05       Business Bank Statements                   AA+                               200000                    200000                         0                         180000       1% of amt prepaid
521057819                                              1180.05                 6/1/2007                  150000                                   149913.7       Cash Out Refinance                                 8.75       Stated Income Documentation                AA                                228000                    228000                         0                         150000       6 mo int on 80%
521057821                                              2312.26                 6/1/2007                  278000                                  277859.62       Cash Out Refinance                                9.375       Full Documentation                         AA+                               354000                    354000                         0                         278000       6 mo int on 80%
521057825                                               1101.9                 6/1/2007                  108750                                  108684.63       Cash Out Refinance                                 11.8       Full Documentation                         C                                 145000                    145000                         0                      108717.47       1% of amt prepaid
521057827                                               943.79                 6/1/2007                  108000                                  107903.02       Cash Out Refinance                                 9.95       Full Documentation                         AA+                               120000                    120000                         0                      107951.71       1% of amt prepaid
521057838                                              1070.24                 7/1/2007                  117000                                  116953.51       Cash Out Refinance                                 10.5       Full Documentation                         AA+                               155000                    130000                         0                         117000       1% of amt prepaid
521057846                                              2185.11                 6/1/2007                  261000                                  260870.27       Cash Out Refinance                                 9.45       Stated Income Documentation                AA+                               290000                    290000                         0                         261000       None
521057852                                              1461.57                 6/1/2007                  205000                                  204706.76       Cash Out Refinance                                  7.7       Full Documentation                         AA                                270000                    270000                         0                      204853.85       6 mo int on 80%
521057868                                              2392.96                 6/1/2007                  261600                                  261391.17       Rate/Term Refinance                                10.5       Full Documentation                         B                                 327000                    327000                         0                      261496.04       None
521057870                                               981.33                 6/1/2007                   96850                                   96791.77       Cash Out Refinance                                 11.8       Full Documentation                         CC                                149000                    149000                         0                       96821.03       1% of amt prepaid
521057871                                              1058.21                 6/1/2007                  147000                                  146897.29       Cash Out Refinance                                  7.8       Full Documentation                         B                                 210000                    210000                         0                         147000       6 mo int on 80%
521057895                                              2446.12                 6/1/2007                  283500                                  283237.19       Cash Out Refinance                                  9.8       Full Documentation                         AA+                               316000                    316000                         0                      283369.13       None
521057899                                               698.48                 7/1/2007                   67150                                   67131.41       Purchase                                          12.15       Stated Income Documentation                AA+                               110000                     79900                     79000                          67150       1% of amt prepaid
521057906                                                 2175                 6/1/2007                  279000                                  278836.13       Cash Out Refinance                                 8.65       Full Documentation                         AA+                               345000                    310000                         0                         279000       1% of amt prepaid
521057948                                              1654.14                 6/1/2007                  225900                                  225854.95       Cash Out Refinance                                 8.67       Full Documentation                         A                                 251000                    251000                         0                      225877.13       None
521057949                                              1809.41                 6/1/2007                  231200                                  231164.64       Rate/Term Refinance                                 9.3       Full Documentation                         AA                                272000                    250000                         0                      231182.39       1% of amt prepaid
521057958                                              1738.15                 7/1/2007                  198900                                  198724.17       Cash Out Refinance                                 9.95       Stated Income Documentation                AA+                               221000                    221000                         0                         198900       2 mo int on 80%
521057976                                               784.29                 6/1/2007                   80750                                   80722.74       Cash Out Refinance                                11.25       Full Documentation                         AA+                               100000                     90000                         0                          80750       PIF - 1% of OPB ; Partial - 1% of amt ppd
521057985                                               617.77                 8/1/2007                   75000                                    74809.7       Cash Out Refinance                                9.675       No Documentation                           AA+                               270000                    270000                         0                       74986.69       None
521057995                                              1503.38                 6/1/2007                  184500                                     184488       Cash Out Refinance                                  9.7       Full Documentation                         AA+                               205000                    205000                         0                         184500       2% of ppd amt
521058026                                                 1070                 6/1/2007                  135000                                  134946.67       Cash Out Refinance                                9.275       Full Documentation                         AA+                               150000                    150000                         0                      134973.44       None
521058032                                              1071.98                 7/1/2007                  113013                                  112972.26       Cash Out Refinance                                10.95       Stated Income Documentation                AA+                               830000                    830000                         0                         113013       6 mo int on 80%
521058088                                              1403.24                 6/1/2007                  141700                                     141609       Cash Out Refinance                                 11.5       Full Documentation                         CC                                218000                    218000                         0                      141654.72       1% of amt prepaid
521058091                                               639.07                 7/1/2007                   76003                                   75927.94       Rate/Term Refinance                                 9.5       Full Documentation                         AA+                                96000                     90000                         0                       75927.94       1% of amt prepaid
521058099                                              1422.49                 6/1/2007                  180000                                  179897.51       Cash Out Refinance                                  8.8       Business Bank Statements                   AA+                               200000                    200000                         0                         180000       6 mo int on 80%
521058101                                              1330.72                 6/1/2007                  166500                                  166407.62       Cash Out Refinance                                8.925       Business Bank Statements                   AA+                               185000                    185000                         0                         166500       6 mo int on 80%
521058102                                              1366.69                 6/1/2007                  171000                                  170905.12       Cash Out Refinance                                8.925       Business Bank Statements                   AA+                               190000                    190000                         0                         171000       6 mo int on 80%
521058103                                              1497.49                 6/1/2007                  171000                                  170923.95       Cash Out Refinance                                9.975       Business Bank Statements                   AA                                190000                    190000                         0                         171000       6 mo int on 80%
521058148                                               918.04                 6/1/2007                   89250                                   89224.46       Purchase                                             12       Stated Income Documentation                AA+                               109000                    109000                    105000                          89250       1% of amt prepaid
521058152                                               947.53                 6/1/2007                  101915                                  101876.21       Purchase                                           10.7       Full Documentation                         AA+                               120000                    120000                    119900                         101915       2% / 1%
521058177                                              1097.02                 7/1/2007                  125800                                  125686.43       Cash Out Refinance                                9.925       Full Documentation                         AA+                               148000                    148000                         0                      125743.45       6 mo int on 80%
521058209                                              1175.55                 6/1/2007                  139200                                  139132.25       Rate/Term Refinance                                9.55       Full Documentation                         C                                 232000                    232000                         0                         139200       2% of ppd amt
521058283                                               902.22                 6/1/2007                  108000                                  107946.03       Rate/Term Refinance                               9.425       Full Documentation                         AA+                               140000                    120000                         0                         108000       None
521058292                                              1681.71                 6/1/2007                  200000                                  199802.46       Cash Out Refinance                                  9.5       Full Documentation                         AA                                330000                    330000                         0                      199901.62       None
521058296                                               633.79                 6/1/2007                   64000                                   63979.54       Cash Out Refinance                                 11.5       Full Documentation                         AA+                                80000                     80000                         0                          64000       2% of UPB
521058324                                               732.07                 6/1/2007                   72250                                   72228.39       Rate/Term Refinance                                11.8       Business Bank Statements                   AA+                                85000                     77000                         0                          72250       1% of amt prepaid
521058331                                               569.62                 6/1/2007                   51765                                    51712.6       Cash Out Refinance                                11.99       Full Documentation                         AA+                                60900                     60900                         0                          51765       1% of amt prepaid
521058340                                               968.66                 6/1/2007                  115200                                  115143.34       Cash Out Refinance                                  9.5       Full Documentation                         AA+                               128000                    128000                         0                         115200       None
521058353                                               889.56                 6/1/2007                   88800                                   88772.54       Cash Out Refinance                                11.65       Stated Income Documentation                AA+                               111000                    111000                         0                          88800       2% of UPB
521058366                                              1075.03                 7/1/2007                  105300                                  105260.27       Cash Out Refinance                                 11.9       Full Documentation                         AA+                               117000                    117000                         0                         105300       2% / 1%
521058384                                              1147.89                 6/1/2007                  153000                                  152928.84       Purchase                                          8.725       Full Documentation                         AA+                               180000                    180000                    180000                      152964.55       None
521058392                                               580.43                 6/1/2007                   56640                                   56623.61       Cash Out Refinance                                11.95       Stated Income Documentation                AA+                                70800                     70800                         0                          56640       1% of amt prepaid
521058395                                                975.4                 6/1/2007                  115500                                  115387.13       Cash Out Refinance                                 9.55       Full Documentation                         A                                 165000                    150000                         0                      115443.79       1% of amt prepaid
521058398                                              1151.28                 6/1/2007                  119000                                  118959.39       Cash Out Refinance                                 11.2       Full Documentation                         AA+                               166200                    140000                         0                         119000       2% / 1%
521058399                                               877.57                 6/1/2007                  100000                                   99955.76       Cash Out Refinance                                   10       Full Documentation                         AA+                               125000                    125000                         0                         100000       None
521058404                                               748.08                 6/1/2007                   88200                                   88157.52       Cash Out Refinance                                  9.6       Full Documentation                         A                                  98000                     98000                         0                          88200       None
521058435                                              1265.98                 7/1/2007                  158400                                  158312.12       Cash Out Refinance                                8.925       Stated Income Documentation                AA+                               198000                    198000                         0                         158400       None
521058446                                               993.62                 6/1/2007                  149500                                  149377.22       Cash Out Refinance                                 6.99       Full Documentation                         AA+                               230000                    230000                         0                         149500       None
521058450                                              2035.04                 6/1/2007                  227000                                  226970.13       Cash Out Refinance                                 10.6       Stated Income Documentation                AA+                               255000                    245000                         0                         227000       None
521058486                                              1137.02                 7/1/2007                  165000                                  164411.95       Rate/Term Refinance                               8.125       Business Bank Statements                   AA                                350000                    350000                         0                      164411.95       6 mo int on 80%
521058498                                              1908.36                 6/1/2007                  225000                                  224891.64       Cash Out Refinance                                  9.6       Full Documentation                         AA+                               250000                    240000                         0                         225000       None
521058503                                              1646.66                 6/1/2007                  176400                                  176333.59       Rate/Term Refinance                               10.75       Business Bank Statements                   AA+                               196000                    196000                         0                         176400       1% of amt prepaid
521058527                                              2533.51                 6/1/2007                  300000                                  299853.99       Cash Out Refinance                                 9.55       Stated Income Documentation                AA+                               445000                    445000                         0                         300000       None
521058552                                              3522.23                 6/1/2007                  365500                                  365373.87       Cash Out Refinance                                11.15       Stated Income Documentation                AA+                               430000                    417000                         0                         365500       None
521058565                                               621.79                 6/1/2007                   60000                                   59983.21       Cash Out Refinance                                 12.1       Stated Income Documentation                AA+                                75000                     70000                         0                          60000       2% / 1%
521058605                                              1378.81                 6/1/2007                  166500                                  166415.03       Cash Out Refinance                                9.325       Business Bank Statements                   AA+                               185000                    185000                         0                         166500       6 mo int on 80%
521058615                                              2604.72                 6/1/2007                  284750                                  284636.84       Cash Out Refinance                                 10.5       Stated Income Documentation                AA+                               335000                    335000                         0                         284750       None
521058618                                              1458.08                 6/1/2007                  166500                                  166425.95       Cash Out Refinance                                9.975       Full Documentation                         AA+                               195000                    185000                         0                         166500       None
521058663                                              1313.66                 6/1/2007                  162900                                  162811.48       Cash Out Refinance                                9.025       Full Documentation                         AA                                181000                    181000                         0                         162900       None
521058665                                               1646.4                 6/1/2007                  249985                                  249776.01       Cash Out Refinance                                  6.9       Full Documentation                         AA+                               390000                    390000                         0                         249985       None
521058673                                              1288.04                 7/1/2007                  149600                                  149530.58       Rate/Term Refinance                               9.775       Full Documentation                         AA+                               176000                    176000                         0                         149600       1% of amt prepaid
521058675                                               748.26                 6/1/2007                   79200                                   79171.14       Cash Out Refinance                                 10.9       Full Documentation                         A                                 125000                     99000                         0                          79200       1% of amt prepaid
521058720                                               911.13                 6/1/2007                   87920                                    87895.4       Purchase                                           12.1       Stated Income Documentation                AA+                               110000                    110000                    109900                          87920       2% of UPB
521058721                                               756.55                 6/1/2007                  100000                                    99937.2       Cash Out Refinance                                8.325       Full Documentation                         AA+                               162000                    130000                         0                         100000       None
521058734                                              2413.87                 7/1/2007                  300000                                  299836.13       Cash Out Refinance                                    9       Full Documentation                         C                                 440000                    440000                         0                      299836.13       None
521058750                                              2509.07                 6/1/2007                  346875                                  346635.07       Cash Out Refinance                                 7.85       Stated Income Documentation                AA+                               675000                    540000                         0                         346875       None
521058753                                              1024.11                 6/1/2007                  136000                                  135913.72       Cash Out Refinance                                8.275       Full Documentation                         AA+                               170000                    170000                         0                         136000       2% of UPB
521058761                                              1607.94                 7/1/2007                  184000                                  183917.73       Cash Out Refinance                                 9.95       Stated Income Documentation                AA+                               235000                    235000                         0                         184000       1% of amt prepaid
521058788                                               1208.2                 6/1/2007                  117900                                  117865.89       Cash Out Refinance                                11.95       Stated Income Documentation                AA+                               131000                    127000                         0                         117900       2% of UPB
521058834                                              1327.13                 6/1/2007                  154800                                   154727.4       Cash Out Refinance                                9.725       Full Documentation                         AA+                               172000                    172000                         0                         154800       1% of amt prepaid
521058836                                                840.4                 6/1/2007                   92250                                   92212.94       Purchase                                          10.45       Full Documentation                         AA+                               105000                    105000                    102500                          92250       2% / 1%
521058841                                              1171.33                 6/1/2007                160012.5                                  159904.59       Cash Out Refinance                                7.975       Full Documentation                         AA+                               255000                    255000                         0                       160012.5       None
521058853                                               808.91                 6/1/2007                   80750                                   80725.04       Cash Out Refinance                                11.65       Full Documentation                         AA+                                95000                     95000                         0                          80750       PIF - 1% of OPB ; Partial - 1% of amt ppd
521058857                                              1590.11                 6/1/2007                  170000                                  169936.35       Cash Out Refinance                               10.775       Full Documentation                         A                                 200000                    200000                         0                         170000       1% of amt prepaid
521058885                                               966.83                 7/1/2007                  139200                                  139140.01       Cash Out Refinance                                 7.99       Full Documentation                         AA+                               175000                    175000                         0                         139200       None
521058984                                              2054.62                 6/1/2007                  231200                                  231100.95       Cash Out Refinance                                10.15       Full Documentation                         AA+                               272000                    272000                         0                         231200       None
521058986                                               845.05                 6/1/2007                  102350                                  102332.28       Purchase                                            9.7       Full Documentation                         AA+                               115000                    110000                    115000                         102350       PIF - 1% of OPB ; Partial - 1% of amt ppd
521059105                                              1319.92                 6/1/2007                  144000                                  143943.08       Cash Out Refinance                               10.525       Stated Income Documentation                AA+                               160000                    155000                         0                         144000       None
521059112                                              1202.82                 7/1/2007                  140000                                  139934.68       Cash Out Refinance                                 9.75       Full Documentation                         AA+                               175000                    175000                         0                      139934.68       2% of UPB
521059236                                              2606.39                 6/1/2007                  297000                                  296868.61       Cash Out Refinance                                   10       Full Documentation                         AA+                               330000                    330000                         0                         297000       None
521059349                                              1307.53                 6/1/2007                  187000                                  186861.22       Cash Out Refinance                                  7.5       Full Documentation                         AA+                               270000                    270000                         0                         187000       None
551029704                                              1498.54                 7/1/2007                  205200                                  204917.97       Rate/Term Refinance                                7.95       Full Documentation                         AA                                228000                    228000                         0                      205059.45       6 mo int on 80%
551029919                                              1262.18                 7/1/2007                  134400                                  134350.22       Rate/Term Refinance                              10.825       Full Documentation                         AA+                               168000                    168000                         0                         134400       6 mo int on 80%
551030008                                              1705.43                 6/1/2007                  209700                                  209475.73       Rate/Term Refinance                                9.12       Full Documentation                         AA+                               233000                    233000                         0                      209588.29       6 mo int on 80%
551030015                                              3196.09                 6/1/2007                  373600                                  373242.32       Cash Out Refinance                                  9.7       Full Documentation                         AA                                467000                    467000                         0                      373419.93       None
551030245                                              1334.64                 6/1/2007                  187650                                  187380.22       Purchase                                          7.675       Full Documentation                         AA+                               211000                    200000                    208500                      187515.54       6 mo int on 80%
551030684                                               918.75                 6/1/2007                   88000                                   87951.59       Cash Out Refinance                                 12.2       Full Documentation                         A                                 110000                    110000                         0                       87975.92       None
551030883                                              2769.52                 6/1/2007                  400000                                  399392.43       Rate/Term Refinance                                 7.4       Full Documentation                         AA+                               500000                    500000                         0                      399697.15       None
551030955                                               783.97                 6/1/2007                   75650                                   75628.83       Cash Out Refinance                                 12.1       Full Documentation                         AA+                                89000                     81000                         0                          75650       6 mo int on 80%
551030985                                              1755.16                 6/1/2007                  272000                                   271525.7       Cash Out Refinance                                  6.7       Business Bank Statements                   AA+                               340000                    340000                         0                      271763.51       None
551031039                                              1120.27                 6/1/2007                  140800                                  140641.54       Cash Out Refinance                                8.875       Stated Income Documentation                AA+                               176000                    176000                         0                      140721.06       None
551031061                                              1660.17                 6/1/2007                  178814                                   177732.9       Cash Out Refinance                                7.525       Stated Income Documentation                AA+                               290000                    290000                         0                      178275.14       None
551031098                                               1411.5                 6/1/2007                  174880                                  174248.31       Cash Out Refinance                                7.525       Full Documentation                         AA+                               218600                    218600                         0                      174565.14       None
551031103                                               923.84                 6/1/2007                  106165                                  106117.02       Purchase                                            9.9       Full Documentation                         AA+                               128000                    128000                    124900                         106165       6 mo int on 80%
551031171                                               746.11                 6/1/2007                   81900                                   81833.91       Cash Out Refinance                                10.45       Full Documentation                         AA+                                91000                     91000                         0                        81867.1       6 mo int on 80%
551031181                                               970.76                 6/1/2007                  118000                                  117877.17       Purchase                                           9.25       Full Documentation                         AA+                               154000                    154000                    147500                      117938.82       6 mo int on 80%
551031182                                              1756.87                 6/1/2007                  270000                                  269908.13       Cash Out Refinance                                  7.4       Full Documentation                         AA                                300000                    300000                         0                         270000       6 mo int on 80%
551031204                                               976.75                 6/1/2007                  109000                                  108908.18       Cash Out Refinance                                10.25       Full Documentation                         AA+                               132000                    132000                         0                      108954.29       6 mo int on 80%
551031228                                               655.91                 6/1/2007                   86000                                   85893.53       Cash Out Refinance                                8.412       Full Documentation                         AA+                               110000                    110000                         0                       85946.95       None
551031241                                                  997                 6/1/2007                  130400                                  130378.22       Rate/Term Refinance                               9.075       Full Documentation                         AA+                               150000                    150000                         0                      130389.15       6 mo int on 80%
551031263                                              1924.77                 7/1/2007                  300600                                  300068.12       Rate/Term Refinance                               6.625       Full Documentation                         AA+                               334000                    334000                         0                      300334.79       2% of ppd amt
551031300                                              1128.71                 6/1/2007                  136000                                  135861.38       Rate/Term Refinance                                9.35       Full Documentation                         AA+                               158000                    158000                         0                      135930.96       6 mo int on 80%
551031304                                              1270.77                 6/1/2007                  191200                                  190885.02       Cash Out Refinance                                 6.99       Full Documentation                         AA+                               239000                    239000                         0                      191042.97       None
551031306                                              1925.01                 7/1/2007                  252680                                  252366.41       Cash Out Refinance                                  8.4       Full Documentation                         AA+                               315850                    315850                         0                      252523.75       6 mo int on 80%
551031307                                              1511.84                 6/1/2007                  202500                                  202463.06       Rate/Term Refinance                                8.85       Full Documentation                         AA+                               225000                    225000                         0                       202481.6       6 mo int on 80%
551031312                                              1492.44                 6/1/2007                  188000                                  187894.06       Cash Out Refinance                                 8.85       Full Documentation                         AA+                               235000                    235000                         0                         188000       None
551031320                                               889.06                 6/1/2007                  112500                                  112371.41       Rate/Term Refinance                                 8.8       Full Documentation                         AA+                               125000                    125000                         0                      112435.94       6 mo int on 80%
551031331                                              1225.39                 7/1/2007                  159000                                  158904.17       Rate/Term Refinance                               8.525       Full Documentation                         AA+                               205000                    205000                         0                         159000       6 mo int on 80%
551031348                                              1057.28                 6/1/2007                  121500                                   121445.1       Cash Out Refinance                                  9.9       Business Bank Statements                   A                                 135000                    135000                         0                         121500       None
551031349                                              1141.43                 6/1/2007                  172000                                   171707.2       Cash Out Refinance                                6.975       Full Documentation                         AA+                               215000                    215000                         0                      171849.75       None
551031360                                               1442.4                 6/1/2007                  214200                                  214172.21       Rate/Term Refinance                               7.925       Full Documentation                         AA                                238000                    238000                         0                         214200       6 mo int on 80%
551031364                                              1434.48                 6/1/2007                  147200                                  146786.72       Cash Out Refinance                                8.325       Full Documentation                         A                                 184000                    184000                         0                         147200       6 mo int on 80%
551031365                                              1436.87                 6/1/2007                  172000                                  171826.56       Cash Out Refinance                                9.425       Full Documentation                         AA+                               215000                    215000                         0                       171913.2       None
551031377                                              1170.07                 7/1/2007                  120000                                  119959.93       Cash Out Refinance                                 11.3       Full Documentation                         AA+                               150000                    150000                         0                         120000       None
551031380                                               801.03                 7/1/2007                  100000                                   99889.19       Cash Out Refinance                                 8.95       Full Documentation                         AA+                               175000                    175000                         0                        99944.8       None
551031381                                               567.42                 6/1/2007                   56000                                   55966.33       Cash Out Refinance                                 11.8       Stated Income Documentation                AA+                                80000                     80000                         0                       55983.25       None
551031384                                              1009.77                 6/1/2007                  107200                                  106602.02       Cash Out Refinance                                 9.65       Full Documentation                         B                                 134000                    134000                         0                      106753.32       None
551031389                                               730.98                 7/1/2007                   97300                                   97175.49       Rate/Term Refinance                                8.25       Full Documentation                         AA+                               129000                    129000                         0                       97237.96       6 mo int on 80%
551031400                                              1883.39                 6/1/2007                  195300                                  195042.48       Rate/Term Refinance                                9.99       Full Documentation                         A                                 217000                    217000                         0                         195300       6 mo int on 80%
551032297                                               933.98                 6/1/2007                  144000                                  143751.33       Rate/Term Refinance                                6.75       Full Documentation                         AA+                               195000                    195000                         0                      143876.02       6 mo int on 80%
551032322                                              2852.04                 6/1/2007                  288000                                  287907.96       Purchase                                           11.5       Stated Income Documentation                AA+                               350000                    350000                    320000                         288000       None
551032328                                               670.44                 7/1/2007                   70400                                   70365.33       Cash Out Refinance                                   11       Full Documentation                         AA                                 88000                     88000                         0                       70365.33       None
551032335                                              1663.69                 6/1/2007                  192000                                   191823.9       Cash Out Refinance                                 9.85       Full Documentation                         A                                 240000                    240000                         0                      191912.31       None
551032338                                              2773.71                 6/1/2007                  280000                                  279232.96       Cash Out Refinance                                  8.6       Business Bank Statements                   AA+                               350000                    350000                         0                         280000       None
551032418                                              1569.22                 6/1/2007                  171900                                  171761.26       Purchase                                         10.475       Stated Income Documentation                AA+                               211400                    211400                    191000                      171830.54       6 mo int on 80%
551032440                                               691.99                 6/1/2007                   80200                                   80125.65       Rate/Term Refinance                                 9.8       Full Documentation                         AA+                                98000                     98000                         0                       80162.98       6 mo int on 80%
551032447                                               595.28                 7/1/2007                   57915                                   57881.61       Purchase                                          11.99       Full Documentation                         AA+                                74000                     74000                     64350                       57898.39       6 mo int on 80%
551032517                                              1069.66                 6/1/2007                  112410                                  112329.29       Purchase                                          10.99       Stated Income Documentation                AA+                               125000                    125000                    124900                      112369.83       6 mo int on 80%
551032530                                              1957.71                 6/1/2007                  222300                                  222237.51       Rate/Term Refinance                                10.4       Full Documentation                         A                                 247000                    247000                         0                      222268.89       6 mo int on 80%
551032539                                               884.97                 6/1/2007                  100000                                   99913.03       Cash Out Refinance                                 10.1       Stated Income Documentation                AA+                               125000                    125000                         0                        99956.7       None
551032552                                               845.49                 7/1/2007                  103000                                  102892.23       Rate/Term Refinance                               9.225       Full Documentation                         AA+                               170000                    170000                         0                      102946.32       None
551032563                                               755.88                 6/1/2007                  104000                                  103857.11       Cash Out Refinance                                  7.9       Full Documentation                         AA+                               200000                    200000                         0                      103928.79       2% of ppd amt
551032567                                               962.25                 6/1/2007                  124000                                  123926.42       Cash Out Refinance                                  8.6       Full Documentation                         AA+                               155000                    155000                         0                         124000       None
551032571                                               978.34                 6/1/2007                  147200                                   146957.5       Cash Out Refinance                                 6.99       Full Documentation                         AA+                               184000                    184000                         0                       147079.1       6 mo int on 80%
551032628                                              1933.74                 6/1/2007                  233000                                  232881.72       Cash Out Refinance                                 9.35       Full Documentation                         AA+                               294000                    294000                         0                         233000       None
551032665                                               594.17                 7/1/2007                   60000                                   59961.48       Purchase                                           11.5       Full Documentation                         AA+                               100000                    100000                    100000                       59980.83       6 mo int on 80%
551032678                                               575.54                 6/1/2007                   72500                                   72459.15       Rate/Term Refinance                                8.85       Full Documentation                         AA+                                95000                     95000                         0                          72500       6 mo int on 80%
551032682                                              1486.42                 7/1/2007                  186400                                  186296.05       Cash Out Refinance                                  8.9       Full Documentation                         AA                                233000                    233000                         0                         186400       None
551032687                                              1063.08                 6/1/2007                  124000                                  123941.84       Purchase                                          9.725       Stated Income Documentation                AA+                               158000                    158000                    155000                         124000       6 mo int on 80%
551032712                                              1355.09                 6/1/2007                  158400                                  158250.02       Cash Out Refinance                                  9.7       Full Documentation                         AA+                               198000                    198000                         0                      158325.31       6 mo int on 80%
551032723                                               846.62                 6/1/2007                   88200                                   88138.18       Purchase                                           11.1       Full Documentation                         AA                                100000                    100000                     98000                       88169.23       6 mo int on 80%
551032724                                              1234.87                 6/1/2007                  130500                                  130485.85       Rate/Term Refinance                              11.225       Full Documentation                         AA+                               145000                    145000                         0                         130500       6 mo int on 80%
551032758                                               965.65                 7/1/2007                  146250                                  146005.96       Cash Out Refinance                                6.925       Business Bank Statements                   AA+                               225000                    225000                         0                      146128.33       6 mo int on 80%
551032760                                              2237.93                 6/1/2007                  308650                                  308437.59       Rate/Term Refinance                               7.875       Full Documentation                         AA+                               390000                    390000                         0                         308650       None
551032786                                               771.75                 6/1/2007                   96000                                   95947.45       Cash Out Refinance                                 8.99       Full Documentation                         AA+                               120000                    120000                         0                          96000       None
551032834                                              2712.52                 7/1/2007                  310400                                  310261.21       Cash Out Refinance                                 9.95       Full Documentation                         B                                 388000                    388000                         0                         310400       None
551032836                                               586.82                 7/1/2007                   56000                                   55984.85       Cash Out Refinance                                12.25       Full Documentation                         AA+                                70000                     70000                         0                          56000       None
551032840                                               657.15                 6/1/2007                   76000                                    75965.1       Cash Out Refinance                                9.825       Full Documentation                         AA+                                95000                     95000                         0                          76000       None
551032843                                               599.84                 6/1/2007                   59200                                   59182.29       Purchase                                           11.8       Full Documentation                         AA+                                76000                     76000                     74000                          59200       None
551032855                                              2371.97                 7/1/2007                  300000                                  299978.03       Rate/Term Refinance                                 9.4       Stated Income Documentation                AA+                               375000                    375000                         0                      299978.03       6 mo int on 80%
551032862                                              1847.18                 6/1/2007                  215000                                   214899.7       Cash Out Refinance                                 9.75       Full Documentation                         AA                                322000                    322000                         0                         215000       None
551032874                                              2217.74                 6/1/2007                  295200                                  295011.76       Rate/Term Refinance                                8.25       Full Documentation                         AA                                369000                    369000                         0                         295200       6 mo int on 80%
551032923                                              2555.07                 6/1/2007                  248400                                  248328.93       Purchase                                             12       Stated Income Documentation                AA+                               276000                    276000                    276000                         248400       None
551032945                                              1764.39                 6/1/2007                  234855                                  234705.24       Purchase                                           8.25       Full Documentation                         A                                 278000                    278000                    276300                         234855       6 mo int on 80%
551032957                                              1300.62                 6/1/2007                  143650                                  143591.35       Purchase                                         10.375       Full Documentation                         AA+                               169000                    169000                    169000                         143650       6 mo int on 80%
551032984                                                826.3                 6/1/2007                  100000                                   99948.69       Purchase                                            9.3       Full Documentation                         AA+                               125500                    125500                    125000                         100000       6 mo int on 80%
551033058                                                659.3                 6/1/2007                   62000                                   61983.95       Cash Out Refinance                                12.45       Stated Income Documentation                AA+                                86000                     86000                         0                          62000       None
551033101                                               917.05                 6/1/2007                  111600                                  111541.98       Rate/Term Refinance                               9.237       Full Documentation                         AA+                               124000                    124000                         0                         111600       6 mo int on 80%
551033135                                              1529.86                 6/1/2007                  148000                                  147620.22       Cash Out Refinance                                9.325       Full Documentation                         AA+                               185000                    185000                         0                         148000       None
551033137                                              1661.44                 6/1/2007                  167450                                  167396.78       Rate/Term Refinance                              11.525       Full Documentation                         C                                 197000                    197000                         0                         167450       6 mo int on 80%
551033172                                              1897.09                 7/1/2007                  200000                                  199927.91       Rate/Term Refinance                               10.95       Full Documentation                         AA+                               250000                    250000                         0                         200000       6 mo int on 80%
551033195                                              1541.69                 6/1/2007                  189163                                  189062.73       Rate/Term Refinance                               9.144       No Documentation                           AA+                               247500                    247500                         0                         189163       6 mo int on 80%
551033288                                               900.24                 6/1/2007                  110400                                  110341.55       Rate/Term Refinance                                9.15       Full Documentation                         AA+                               138000                    138000                         0                         110400       None
551033295                                               908.12                 7/1/2007                  108000                                  107909.24       Cash Out Refinance                                  9.5       Full Documentation                         B                                 135000                    135000                         0                      107909.24       1% of UPB
551033321                                               896.25                 7/1/2007                   96400                                   96363.32       Cash Out Refinance                                 10.7       Stated Income Documentation                AA+                               120500                    120500                         0                          96400       None
551033372                                               855.58                 6/1/2007                  104000                                  103946.09       Cash Out Refinance                                 9.25       Full Documentation                         AA+                               130000                    130000                         0                         104000       None
581017353                                              1069.63                 6/1/2007                  122400                                  122290.09       Cash Out Refinance                                 9.95       Full Documentation                         AA+                               136000                    136000                         0                      122345.27       2% / 1%
581017706                                              1773.46                 6/1/2007                  210000                                  209794.77       Cash Out Refinance                                 9.55       Full Documentation                         CC                                420000                    420000                         0                      209897.79       6 mo int on 80%
581018097                                               956.96                 6/1/2007                   92000                                   91974.54       Rate/Term Refinance                               12.15       Stated Income Documentation                AA                                115000                    115000                         0                          92000       6 mo int on 80%
581018524                                              1815.64                 6/1/2007                  272000                                  271963.69       Cash Out Refinance                                 7.85       Full Documentation                         AA+                               320000                    320000                         0                         272000       6 mo int on 80%
581018767                                              1877.39                 7/1/2007                  279000                                   278736.9       Cash Out Refinance                                  7.7       Full Documentation                         AA+                               400000                    400000                         0                      278825.16       6 mo int on 80%
581019126                                              1095.41                 7/1/2007                  163000                                  162589.63       Cash Out Refinance                                  7.1       Full Documentation                         AA+                               220000                    220000                         0                      162727.23       6 mo int on 80%
581019401                                              2158.45                 6/1/2007                  352000                                   351877.4       Cash Out Refinance                                 7.15       Full Documentation                         AA                                395000                    395000                         0                      351938.88       6 mo int on 80%
581019509                                               755.85                 6/1/2007                  110000                                  109986.65       Cash Out Refinance                                  8.1       Full Documentation                         AA+                               310000                    285000                         0                         110000       6 mo int on 80%
581019574                                              2188.57                 7/1/2007                  272000                                  271698.88       Rate/Term Refinance                                   9       Full Documentation                         AA+                               320000                    275000                         0                      271698.88       6 mo int on 80%
581019578                                              2583.65                 6/1/2007                  375000                                   374424.7       Cash Out Refinance                                 7.35       Stated Income Documentation                AA+                               500000                    500000                         0                      374713.23       6 mo int on 80%
581019612                                              2412.42                 6/1/2007                  391600                                   391228.8       Rate/Term Refinance                               6.255       Full Documentation                         AA+                               778000                    778000                         0                         391600       6 mo int on 80%
581019663                                              1052.96                 6/1/2007                  136000                                  135837.16       Cash Out Refinance                                8.575       Full Documentation                         AA+                               170000                    170000                         0                      135918.87       6 mo int on 80%
581019802                                              2509.43                 6/1/2007                  375000                                  374761.64       Cash Out Refinance                                 7.65       Stated Income Documentation                AA+                               500000                    500000                         0                       374881.2       6 mo int on 80%
581019804                                              2382.47                 6/1/2007                  325000                                  324561.52       Cash Out Refinance                                 7.99       Full Documentation                         AA+                               600000                    600000                         0                      324781.49       6 mo int on 80%
581019855                                                  982                 6/1/2007                  122400                                   122376.8       Cash Out Refinance                                  9.4       Full Documentation                         AA                                137000                    137000                         0                         122400       6 mo int on 80%
581019893                                              1938.35                 6/1/2007                  348500                                  348340.21       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               410000                    410000                         0                      348420.32       6 mo int on 80%
581019898                                              1396.84                 7/1/2007                  213000                                  212965.75       Cash Out Refinance                                  7.7       Full Documentation                         AA+                               340000                    340000                         0                         213000       6 mo int on 80%
581019937                                              1498.29                 6/1/2007                  222500                                  222471.14       Cash Out Refinance                                7.925       Full Documentation                         AA+                               278700                    278700                         0                         222500       6 mo int on 80%
581019947                                              2325.28                 6/1/2007                  337500                                  336720.98       Cash Out Refinance                                 7.35       Full Documentation                         AA                                375000                    375000                         0                      336982.24       6 mo int on 80%
581019951                                              1057.09                 6/1/2007                  139500                                  139475.91       Cash Out Refinance                                 8.99       Full Documentation                         AA                                155000                    155000                         0                         139500       6 mo int on 80%
581019958                                               2043.7                 7/1/2007                  348500                                  348431.13       Cash Out Refinance                                  6.8       Full Documentation                         AA+                               500000                    500000                         0                         348500       6 mo int on 80%
581019986                                              2273.16                 6/1/2007                  320000                                  319826.43       Cash Out Refinance                                  8.2       Full Documentation                         B                                 400000                    400000                         0                      319913.51       6 mo int on 80%
581019997                                              2427.68                 6/1/2007                  368000                                  367948.99       Rate/Term Refinance                                7.75       Full Documentation                         AA                                460000                    460000                         0                         368000       6 mo int on 80%
581020014                                              1585.58                 6/1/2007                  234900                                     234900       Cash Out Refinance                                  8.1       Full Documentation                         AA+                               261000                    261000                         0                         234900       None
581020022                                              1458.59                 6/1/2007                  200000                                  199899.13       Cash Out Refinance                                 8.45       Full Documentation                         B                                 400000                    400000                         0                      199949.74       6 mo int on 80%
581020023                                              1746.54                 6/1/2007                  243000                                  242949.24       Rate/Term Refinance                                 8.5       Full Documentation                         AA+                               270000                    270000                         0                      242974.71       6 mo int on 80%
581020046                                               1253.2                 7/1/2007                  156800                                   156711.2       Purchase                                          8.925       Full Documentation                         AA+                               197000                    197000                    196000                         156800       6 mo int on 80%
581020052                                               1170.9                 5/1/2007                  156000                                   155972.1       Cash Out Refinance                                  8.9       Stated Income Documentation                AA                                195000                    195000                         0                         156000       6 mo int on 80%
581020055                                              1942.53                 6/1/2007                  327000                                  326875.08       Cash Out Refinance                                  6.9       Full Documentation                         AA                                505000                    505000                         0                      326937.72       6 mo int on 80%
581020066                                              1026.75                 6/1/2007                  166500                                     166500       Rate/Term Refinance                                 7.4       Full Documentation                         AA+                               185000                    185000                         0                         166500       6 mo int on 80%
581020070                                              2024.88                 6/1/2007                  318200                                  318100.92       Cash Out Refinance                                 7.45       Full Documentation                         AA+                               370000                    370000                         0                      318150.61       6 mo int on 80%
581020073                                              1717.02                 6/1/2007                  243000                                  242866.26       Cash Out Refinance                                 8.15       Full Documentation                         AA+                               288000                    288000                         0                      242933.36       6 mo int on 80%
581020080                                              2320.43                 6/1/2007                  342000                                  341913.15       Cash Out Refinance                                 7.99       Full Documentation                         AA+                               380000                    380000                         0                      341956.72       6 mo int on 80%
581020091                                              2740.03                 6/1/2007                  357000                                   356922.6       Cash Out Refinance                                 8.95       Stated Income Documentation                A                                 420000                    420000                         0                         357000       6 mo int on 80%
581020101                                              2578.25                 6/1/2007                  340000                                  339336.24       Cash Out Refinance                                 8.35       Stated Income Documentation                AA+                               440000                    440000                         0                      339551.78       6 mo int on 80%
581020107                                              2261.95                 7/1/2007                  320000                                  319929.19       Cash Out Refinance                                 8.35       Stated Income Documentation                AA                                400000                    400000                         0                      319964.72       6 mo int on 80%
581020122                                              2697.43                 6/1/2007                  375300                                  375221.61       Rate/Term Refinance                                 8.5       Full Documentation                         AA+                               417000                    417000                         0                      375260.94       6 mo int on 80%
581020127                                              1817.99                 7/1/2007                  322500                                  322357.39       Cash Out Refinance                                  6.5       Full Documentation                         AA+                               430000                    430000                         0                      322428.89       6 mo int on 80%
581020130                                              2550.42                 5/1/2007                  306000                                  305896.74       Cash Out Refinance                                  9.8       Stated Income Documentation                AA+                               340000                    340000                         0                         306000       6 mo int on 80%
581020136                                              2007.87                 7/1/2007                  338000                                  337870.89       Cash Out Refinance                                  6.9       Stated Income Documentation                AA+                               520000                    520000                         0                      337935.63       6 mo int on 80%
581020173                                              1493.45                 7/1/2007                  255000                                  254949.42       Cash Out Refinance                                 6.79       Full Documentation                         AA+                               395000                    395000                         0                      254949.42       6 mo int on 80%
581020175                                              1873.16                 6/1/2007                  321503                                  321438.29       Cash Out Refinance                                 6.75       Full Documentation                         AA+                               495000                    495000                         0                         321503       6 mo int on 80%
581020194                                              1852.35                 6/1/2007                  202500                                  202338.35       Cash Out Refinance                                 10.5       Stated Income Documentation                AA+                               270000                    270000                         0                      202419.53       None
581020202                                              1295.46                 6/1/2007                  147000                                  146805.37       Cash Out Refinance                                10.05       Full Documentation                         A                                 208000                    208000                         0                      146870.79       None
581020203                                              1585.96                 6/1/2007                  237000                                  236924.92       Rate/Term Refinance                                7.65       Full Documentation                         A                                 365000                    365000                         0                         237000       6 mo int on 80%
581020206                                               899.03                 6/1/2007                  130000                                  129924.19       Purchase                                           7.95       Full Documentation                         AA+                               185000                    183000                    180000                      129962.22       6 mo int on 80%
581020223                                              1721.55                 6/1/2007                  279000                                  278952.45       Rate/Term Refinance                                 7.2       Full Documentation                         AA+                               310000                    310000                         0                         279000       6 mo int on 80%
581020232                                               850.72                 6/1/2007                   84600                                   84574.13       Purchase                                           11.7       Stated Income Documentation                AA+                               155000                    140000                     94000                          84600       None
581020240                                              1932.59                 7/1/2007                  300400                                  300309.56       Rate/Term Refinance                                7.54       Full Documentation                         AA+                               375500                    375500                    375500                      300309.56       6 mo int on 80%
581020252                                              2530.46                 6/1/2007                  325000                                  324974.75       Cash Out Refinance                                 9.25       Stated Income Documentation                AA+                               396000                    396000                         0                         325000       6 mo int on 80%
581020301                                              2870.01                 6/1/2007                  423000                                  422946.47       Cash Out Refinance                                 7.99       Full Documentation                         AA                                470000                    470000                         0                         423000       None
581020304                                              2245.49                 6/1/2007                  378000                                  377928.01       Cash Out Refinance                                  6.9       Full Documentation                         AA+                               420000                    420000                         0                         378000       6 mo int on 80%
581020314                                              2022.15                 6/1/2007                  217500                                  217333.72       Cash Out Refinance                                 10.7       Full Documentation                         C                                 290000                    290000                         0                      217417.23       6 mo int on 80%
581020327                                              1069.99                 6/1/2007                  105600                                  105568.41       Cash Out Refinance                                 11.8       Stated Income Documentation                AA+                               132000                    125000                         0                         105600       2% of UPB
581020331                                              1164.26                 6/1/2007                  127800                                  127748.67       Cash Out Refinance                                10.45       Full Documentation                         AA+                               142000                    142000                         0                         127800       None
581020352                                              1151.65                 6/1/2007                  175004                                  174946.13       Cash Out Refinance                                  7.5       Full Documentation                         AA                                245000                    245000                         0                         175004       6 mo int on 80%
581020360                                              1720.99                 6/1/2007                  180000                                  179936.51       Purchase                                          11.05       Stated Income Documentation                AA+                               200000                    200000                    200000                         180000       6 mo int on 80%
581020363                                              1633.27                 7/1/2007                  220500                                  220446.98       Cash Out Refinance                                  8.6       Full Documentation                         AA+                               245000                    245000                         0                         220500       6 mo int on 80%
581020374                                              2720.25                 6/1/2007                  387000                                   386956.5       Cash Out Refinance                                  8.3       Full Documentation                         AA+                               430000                    430000                         0                         387000       6 mo int on 80%
581020384                                                 1232                 6/1/2007                  172800                                   172676.8       Rate/Term Refinance                                 7.7       Full Documentation                         AA+                               192000                    192000                         0                         172800       6 mo int on 80%
581020385                                              1593.56                 7/1/2007                  206800                                  206783.29       Rate/Term Refinance                                9.15       Full Documentation                         AA+                               232000                    232000                         0                      206783.29       6 mo int on 80%
581020407                                              1401.04                 6/1/2007                  243000                                  242949.64       Rate/Term Refinance                                6.67       Full Documentation                         AA+                               270000                    270000                         0                         243000       6 mo int on 80%
581020409                                              1085.15                 6/1/2007                  121500                                  121448.61       Purchase                                          10.21       Full Documentation                         AA+                               195000                    135000                    135000                         121500       1% of UPB
581020411                                              1055.15                 6/1/2007                  172000                                  171932.42       Cash Out Refinance                                 6.89       Full Documentation                         AA+                               215000                    215000                         0                         172000       6 mo int on 80%
581020443                                              2348.15                 6/1/2007                  369000                                  368942.73       Cash Out Refinance                                 7.45       Full Documentation                         AA+                               410000                    410000                         0                         369000       6 mo int on 80%
581020447                                              1891.46                 6/1/2007                  252000                                  251977.54       Cash Out Refinance                                  8.9       Stated Income Documentation                AA+                               280000                    280000                         0                         252000       6 mo int on 80%
581020450                                              3001.46                 7/1/2007                  411000                                  410721.42       Cash Out Refinance                                 7.95       Business Bank Statements                   AA+                               500000                    500000                         0                         411000       6 mo int on 80%
581020472                                              2568.42                 6/1/2007                  365400                                  365358.93       Cash Out Refinance                                  8.3       Full Documentation                         AA+                               406000                    406000                         0                         365400       6 mo int on 80%
581020486                                              2346.98                 6/1/2007                  378000                                  377936.77       Cash Out Refinance                                 7.25       Full Documentation                         AA+                               420000                    420000                         0                         378000       6 mo int on 80%
581020511                                              1326.56                 7/1/2007                  161250                                  161166.41       Cash Out Refinance                                 9.25       Full Documentation                         C                                 215000                    215000                         0                         161250       6 mo int on 80%
581020566                                              2346.89                 6/1/2007                  272000                                  271874.44       Cash Out Refinance                                  9.8       Business Bank Statements                   AA                                320000                    320000                         0                         272000       6 mo int on 80%
581020582                                              1001.27                 6/1/2007                  150000                                  149979.98       Cash Out Refinance                                 7.85       Full Documentation                         AA+                               235000                    235000                         0                         150000       6 mo int on 80%
581020602                                              2698.67                 7/1/2007                  368000                                     368000       Cash Out Refinance                                  8.8       Stated Income Documentation                AA+                               460000                    460000                         0                         368000       6 mo int on 80%
581020617                                              2429.77                 6/1/2007                  316000                                  315808.56       Rate/Term Refinance                                 8.5       Full Documentation                         AA+                               360000                    360000                         0                         316000       6 mo int on 80%
581020685                                               2149.8                 6/1/2007                  283500                                  283322.89       Cash Out Refinance                                 8.35       Full Documentation                         AA+                               315000                    315000                         0                         283500       6 mo int on 80%
581020686                                              1717.77                 6/1/2007                  228650                                   228504.2       Cash Out Refinance                                 8.25       Full Documentation                         AA                                269000                    269000                         0                         228650       6 mo int on 80%
581020768                                              1353.91                 7/1/2007                  180000                                  179958.59       Cash Out Refinance                                 8.75       Full Documentation                         AA+                               200000                    200000                         0                         180000       6 mo int on 80%
581020814                                              1756.66                 6/1/2007                  234739                                   234684.2       Cash Out Refinance                                  8.7       Business Bank Statements                   A                                 271000                    271000                         0                         234739       6 mo int on 80%
621023908                                              1614.88                 6/1/2007                  197600                                  197495.94       Purchase                                          9.175       Stated Income Documentation                AA+                               304000                    304000                    304000                         197600       None
621023952                                               1945.8                 6/1/2007                  193500                                  193440.83       Purchase                                           11.7       Stated Income Documentation                AA+                               215000                    210000                    215000                         193500       6 mo int on 80%
621024031                                              1088.91                 6/1/2007                  140000                                  139834.09       Cash Out Refinance                                8.625       Full Documentation                         AA+                               175000                    160000                         0                      139917.34       1% of UPB
621024160                                              1583.41                 7/1/2007                  200000                                  199657.27       Cash Out Refinance                                 8.82       Stated Income Documentation                AA+                               250000                    250000                         0                      199772.35       6 mo int on 80%
621024184                                              2075.28                 6/1/2007                  283500                                  283116.35       Cash Out Refinance                                7.975       Stated Income Documentation                AA+                               405000                    399900                         0                      283308.81       6 mo int on 80%
621024394                                              1205.83                 6/1/2007                  148500                                  148445.56       Cash Out Refinance                                9.525       Lite Documentation                         AA+                               165000                    165000                         0                      148472.89       1% of UPB
621024421                                              2032.51                 6/1/2007                  274400                                  274334.02       Cash Out Refinance                                  8.6       Stated Income Documentation                AA                                343000                    320000                         0                         274400       6 mo int on 80%
621024454                                              1119.68                 7/1/2007                  112200                                  112164.92       Cash Out Refinance                                 11.6       Full Documentation                         AA+                               132000                    132000                         0                      112164.92       6 mo int on 80%
621024498                                              1106.92                 7/1/2007                  140000                                  139972.25       Cash Out Refinance                                 9.25       Full Documentation                         AA+                               187000                    165000                         0                      139972.25       6 mo int on 80%
621024611                                                856.5                 7/1/2007                  111150                                  111141.02       Purchase                                           9.15       Full Documentation                         AA+                               125000                    123500                    123500                         111150       6 mo int on 80%
621024617                                               1119.6                 6/1/2007                  123250                                  123234.51       Cash Out Refinance                                10.75       Full Documentation                         C                                 145000                    145000                         0                         123250       6 mo int on 80%
621024660                                              1163.74                 6/1/2007                  177600                                  177299.26       Cash Out Refinance                                 6.85       Full Documentation                         AA                                222000                    222000                         0                      177450.06       6 mo int on 80%
621024670                                              1752.68                 6/1/2007                  259500                                  259293.51       Cash Out Refinance                                 7.15       Full Documentation                         A                                 410000                    375000                         0                         259500       6 mo int on 80%
621024673                                              1155.83                 7/1/2007                  182500                                     182500       Cash Out Refinance                                  7.6       Stated Income Documentation                AA+                               390000                    390000                         0                         182500       6 mo int on 80%
621024675                                              1207.04                 6/1/2007                  150450                                  150421.49       Cash Out Refinance                                  9.4       Full Documentation                         AA                                177000                    177000                         0                         150450       6 mo int on 80%
621024699                                              1468.35                 7/1/2007                  210000                                  209844.15       Cash Out Refinance                                  7.5       Full Documentation                         AA+                               310000                    310000                         0                         210000       6 mo int on 80%
621024704                                              1085.27                 6/1/2007                  173502                                  173342.07       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               315000                    315000                         0                         173502       None
621024719                                              1263.26                 7/1/2007                  157000                                  156914.24       Cash Out Refinance                                    9       Full Documentation                         AA+                               225000                    225000                         0                         157000       6 mo int on 80%
621024736                                              1410.88                 6/1/2007                  170000                                   169913.7       Cash Out Refinance                                 9.35       Stated Income Documentation                AA+                               250000                    250000                         0                         170000       6 mo int on 80%
621024739                                               2781.3                 8/1/2007                  392000                                   391717.7       Purchase                                           7.65       Business Bank Statements                   AA+                               502000                    502000                    490000                       391717.7       6 mo int on 80%
621024767                                              1337.19                 6/1/2007                  198000                                  197948.14       Cash Out Refinance                                 7.95       Full Documentation                         AA+                               220000                    220000                         0                      197973.75       6 mo int on 80%
621024797                                               1082.4                 6/1/2007                  150000                                  149790.77       Cash Out Refinance                                7.825       Full Documentation                         AA+                               217000                    217000                         0                      149895.72       6 mo int on 80%
621024807                                              1935.48                 7/1/2007                  256500                                  256477.58       Cash Out Refinance                                 8.95       Full Documentation                         AA+                               285000                    275000                         0                      256477.58       6 mo int on 80%
621024808                                              1558.71                 6/1/2007                  192000                                  191897.29       Cash Out Refinance                                  9.1       Full Documentation                         AA+                               240000                    240000                         0                         192000       6 mo int on 80%
621024811                                               1159.7                 6/1/2007                  170000                                  169867.38       Cash Out Refinance                                 7.25       Full Documentation                         AA+                               400000                    400000                         0                         170000       6 mo int on 80%
621024818                                              2133.93                 6/1/2007                  256000                                   255871.4       Cash Out Refinance                                  9.4       Full Documentation                         AA                                320000                    320000                         0                         256000       6 mo int on 80%
621024832                                              3190.09                 8/1/2007                  391500                                  391474.53       Cash Out Refinance                                  9.7       Full Documentation                         AA+                               435000                    435000                         0                         391500       6 mo int on 80%
621024834                                              1085.26                 6/1/2007                  125100                                   125087.4       Purchase                                          10.35       Stated Income Documentation                AA+                               148000                    135000                    139000                      125093.73       6 mo int on 80%
621024856                                              1415.24                 7/1/2007                  204000                                  203846.16       Cash Out Refinance                                 7.42       Full Documentation                         AA+                               255000                    248000                         0                         204000       6 mo int on 80%
621024867                                              1641.27                 7/1/2007                  196000                                  195966.83       Cash Out Refinance                                 9.85       Stated Income Documentation                A                                 280000                    280000                         0                      195966.83       6 mo int on 80%
621024871                                               1339.2                 6/1/2007                  172000                                  171986.63       Cash Out Refinance                                 9.25       Stated Income Documentation                AA+                               215000                    215000                         0                         172000       6 mo int on 80%
621024873                                              1885.71                 6/1/2007                  198800                                  198728.34       Cash Out Refinance                                10.95       Stated Income Documentation                C                                 285000                    285000                         0                         198800       6 mo int on 80%
621024877                                               869.75                 6/1/2007                  110057                                  109994.33       Cash Out Refinance                                  8.8       Full Documentation                         AA+                               185000                    185000                         0                         110057       6 mo int on 80%
621024887                                              2015.05                 6/1/2007                  195900                                  195787.34       Purchase                                             12       Stated Income Documentation                AA+                               288000                    288000                    230471                      195843.95       None
621024952                                               946.99                 7/1/2007                  110500                                  110483.05       Purchase                                           10.1       Full Documentation                         AA+                               130000                    130000                    130000                         110500       6 mo int on 80%
621024971                                              1682.13                 7/1/2007                  260014                                  259789.03       Cash Out Refinance                                6.725       Full Documentation                         AA+                               580000                    580000                         0                         260014       6 mo int on 80%
621024975                                              2725.05                 6/1/2007                  375000                                  374962.45       Cash Out Refinance                                  8.6       Stated Income Documentation                AA                                500000                    500000                         0                         375000       6 mo int on 80%
621024977                                              1121.92                 7/1/2007                  158125                                  158011.13       Purchase                                           7.65       Stated Income Documentation                AA+                               310000                    310000                    287500                         158125       6 mo int on 80%
621024978                                              1042.17                 6/1/2007                  145000                                  144984.91       Cash Out Refinance                                  8.5       Full Documentation                         AA+                               280000                    280000                         0                         145000       6 mo int on 80%
621024994                                              3835.25                 6/1/2007                  379950                                  379835.09       Cash Out Refinance                                11.75       Stated Income Documentation                AA+                               447000                    447000                         0                         379950       6 mo int on 80%
621025025                                               858.76                 6/1/2007                  101250                                  101201.24       Cash Out Refinance                                  9.6       Full Documentation                         AA+                               225000                    225000                         0                         101250       6 mo int on 80%
621025027                                              2320.07                 6/1/2007                  271200                                  271072.13       Cash Out Refinance                                  9.7       Full Documentation                         AA                                339000                    339000                         0                         271200       6 mo int on 80%
621025083                                              3859.55                 6/1/2007                  457019                                  456796.56       Cash Out Refinance                                 9.55       Full Documentation                         AA+                               530000                    530000                         0                         457019       6 mo int on 80%
661024166                                              1101.43                 7/1/2007                  115200                                  115118.37       Cash Out Refinance                                11.05       Full Documentation                         AA                                128000                    128000                         0                      115159.37       None
661024255                                              1332.79                 6/1/2007                  211500                                  211432.13       Cash Out Refinance                                 7.37       Full Documentation                         AA                                235000                    235000                         0                      211466.17       6 mo int on 80%
661024455                                              2645.79                 6/1/2007                  352500                                  352436.94       Cash Out Refinance                                  8.9       Stated Income Documentation                AA+                               470000                    470000                         0                      352468.59       6 mo int on 80%
661024537                                              1123.44                 7/1/2007                  175000                                  174846.35       Cash Out Refinance                                 6.65       Full Documentation                         A                                 268000                    268000                         0                      174846.35       6 mo int on 80%
661024595                                              3304.29                 6/1/2007                  345600                                  345478.11       Rate/Term Refinance                               11.05       Stated Income Documentation                C                                 432000                    400000                         0                         345600       6 mo int on 80%
661024625                                               1640.7                 6/1/2007                  212400                                  212144.39       Cash Out Refinance                                 8.55       Full Documentation                         AA+                               236000                    236000                         0                      212272.65       2 mo int on 80%
661024881                                              1356.72                 6/1/2007                  174250                                  174222.81       Cash Out Refinance                                 9.25       Stated Income Documentation                AA+                               205000                    205000                         0                      174236.46       6 mo int on 80%
661024895                                              1798.06                 7/1/2007                  260000                                  259848.38       Cash Out Refinance                                 7.95       Stated Income Documentation                AA+                               325000                    325000                         0                      259924.44       6 mo int on 80%
661024925                                              2321.22                 6/1/2007                  306000                                  305947.36       Cash Out Refinance                                    9       Stated Income Documentation                AA+                               340000                    340000                         0                         306000       None
661025033                                              1356.84                 6/1/2007                  153000                                  152867.64       Cash Out Refinance                               10.125       Stated Income Documentation                AA+                               170000                    170000                         0                         153000       6 mo int on 80%
661025039                                              1623.66                 6/1/2007                  200000                                  199785.21       Cash Out Refinance                                  9.1       Stated Income Documentation                C                                 450000                    450000                         0                      199893.01       6 mo int on 80%
661025063                                              2519.73                 6/1/2007                  350025                                  349534.27       Cash Out Refinance                                  7.8       Stated Income Documentation                AA                                635000                    635000                         0                      349780.43       6 mo int on 80%
661025064                                              1529.03                 6/1/2007                  220000                                  219948.43       Cash Out Refinance                                  8.2       Full Documentation                         AA+                               275000                    275000                         0                       219974.3       6 mo int on 80%
661025067                                              2446.35                 6/1/2007                  350000                                  349919.52       Cash Out Refinance                                 8.25       Full Documentation                         AA+                               455000                    455000                         0                       349959.9       6 mo int on 80%
661025101                                              2670.05                 6/1/2007                  332000                                  331874.57       Cash Out Refinance                                9.425       Stated Income Documentation                AA+                               415000                    415000                         0                      331937.53       6 mo int on 80%
661025114                                              1526.38                 6/1/2007                  194000                                   193921.6       Rate/Term Refinance                                 9.2       Full Documentation                         B                                 325000                    325000                         0                      193960.95       6 mo int on 80%
661025129                                              3656.74                 6/1/2007                  371250                                  368950.82       Cash Out Refinance                                 10.3       Full Documentation                         C                                 495000                    495000                         0                      369436.56       None
661025138                                              2144.72                 6/1/2007                  346500                                  346382.65       Cash Out Refinance                                7.225       Stated Income Documentation                AA+                               495000                    495000                         0                       346441.5       6 mo int on 80%
661025203                                              2822.81                 6/1/2007                  410400                                  410278.99       Cash Out Refinance                                  7.9       Full Documentation                         B                                 513000                    513000                         0                         410400       6 mo int on 80%
661025213                                              1269.65                 6/1/2007                  202980                                  202403.76       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               425000                    425000                         0                      202592.91       6 mo int on 80%
661025223                                               1463.6                 6/1/2007                  227500                                  227420.36       Rate/Term Refinance                                 7.3       Full Documentation                         B                                 380000                    380000                         0                         227500       6 mo int on 80%
661025231                                               2081.8                 6/1/2007                  339500                                  339381.75       Rate/Term Refinance                                7.15       Full Documentation                         AA+                               485000                    485000                         0                      339441.05       6 mo int on 80%
661025241                                              2931.77                 6/1/2007                  370800                                  370726.48       Cash Out Refinance                                 9.25       Full Documentation                         AA                                412000                    412000                         0                         370800       6 mo int on 80%
661025265                                               2587.5                 6/1/2007                  414000                                     414000       Cash Out Refinance                                  7.5       Full Documentation                         AA+                               460000                    460000                         0                         414000       6 mo int on 80%
661025279                                               878.97                 7/1/2007                  138125                                  138103.56       Cash Out Refinance                                 7.45       Stated Income Documentation                AA+                               162500                    162500                         0                         138125       6 mo int on 80%
661025284                                              1658.47                 6/1/2007                  302250                                  302106.31       Cash Out Refinance                                  6.3       Stated Income Documentation                AA+                               465000                    465000                         0                      302178.34       6 mo int on 80%
661025287                                              1553.83                 6/1/2007                  272000                                  271942.17       Cash Out Refinance                                  6.6       Stated Income Documentation                AA+                               320000                    320000                         0                         272000       6 mo int on 80%
661025295                                              2698.32                 6/1/2007                  401000                                  400748.72       Cash Out Refinance                                  7.7       Full Documentation                         A                                 535000                    535000                         0                      400874.76       6 mo int on 80%
661025297                                              2172.33                 6/1/2007                  246500                                  246283.31       Cash Out Refinance                                10.05       Stated Income Documentation                AA+                               290000                    290000                         0                      246392.11       6 mo int on 80%
661025298                                              3096.03                 6/1/2007                  378000                                  377602.42       Cash Out Refinance                                  9.2       Stated Income Documentation                AA+                               420000                    420000                         0                      377801.97       6 mo int on 80%
661025309                                              2625.77                 6/1/2007                  332100                                  332051.17       Cash Out Refinance                                  9.4       Full Documentation                         AA+                               369000                    369000                         0                      332075.68       6 mo int on 80%
661025328                                              2255.86                 8/1/2007                  352350                                  352296.33       Purchase                                            7.5       Full Documentation                         AA+                               392000                    392000                    391500                         352350       6 mo int on 80%
661025337                                              2114.45                 6/1/2007                  284000                                  283864.95       Cash Out Refinance                                 8.65       Full Documentation                         A                                 355000                    355000                         0                      283932.72       6 mo int on 80%
661025350                                              2319.15                 6/1/2007                  377600                                  377303.25       Cash Out Refinance                                  6.9       Full Documentation                         AA+                               472000                    472000                         0                      377452.05       6 mo int on 80%
661025372                                              2226.61                 6/1/2007                  315000                                  314965.27       Cash Out Refinance                                 8.35       Full Documentation                         AA                                350000                    350000                         0                         315000       6 mo int on 80%
661025373                                               1668.6                 6/1/2007                  300000                                   299931.4       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               575000                    575000                         0                         300000       6 mo int on 80%
661025374                                              2379.15                 6/1/2007                  265500                                  265388.66       Purchase                                          10.25       Full Documentation                         AA+                               295000                    284500                    295000                         265500       6 mo int on 80%
661025386                                              2012.22                 6/1/2007                  311002                                  310786.68       Cash Out Refinance                                 7.35       Stated Income Documentation                AA+                               624000                    624000                         0                      310894.67       6 mo int on 80%
661025422                                              1765.77                 6/1/2007                  328500                                  328335.16       Cash Out Refinance                                 6.15       Full Documentation                         AA+                               610000                    610000                         0                      328417.79       6 mo int on 80%
661025434                                              2564.69                 6/1/2007                  378000                                     377904       Rate/Term Refinance                                7.99       Stated Income Documentation                AA+                               445000                    445000                         0                      377952.16       6 mo int on 80%
661025452                                               1548.1                 7/1/2007                  187500                                  187467.52       Cash Out Refinance                                  9.7       Full Documentation                         B                                 250000                    250000                         0                         187500       None
661025467                                              2500.27                 6/1/2007                  400000                                  399698.58       Cash Out Refinance                                 7.05       Stated Income Documentation                AA+                               500000                    500000                         0                      399849.73       6 mo int on 80%
661025469                                              1193.87                 6/1/2007                  155550                                  155516.27       Cash Out Refinance                                 8.95       Full Documentation                         A                                 183000                    183000                         0                         155550       2% of ppd amt
661025507                                              2873.75                 6/1/2007                  340000                                  339890.38       Cash Out Refinance                                 9.95       Full Documentation                         B                                 425000                    425000                         0                      339945.42       6 mo int on 80%
661025521                                              2322.02                 7/1/2007                  292500                                  292335.17       Cash Out Refinance                                 8.85       Stated Income Documentation                AA+                               450000                    450000                         0                         292500       6 mo int on 80%
661025531                                              1219.97                 6/1/2007                  131750                                  131699.31       Cash Out Refinance                                10.65       Stated Income Documentation                AA+                               155000                    155000                         0                         131750       6 mo int on 80%
661025534                                              4193.76                 6/1/2007                  498750                                  498504.68       Cash Out Refinance                                  9.5       Full Documentation                         AA                                665000                    665000                         0                         498750       6 mo int on 80%
661025539                                              1590.38                 6/1/2007                  248625                                  248536.73       Rate/Term Refinance                                7.25       Full Documentation                         AA+                               292500                    292500                         0                         248625       6 mo int on 80%
661025564                                               4193.7                 7/1/2007                  495000                                  494972.55       Cash Out Refinance                                 10.1       Stated Income Documentation                AA+                               580000                    540000                         0                         495000       6 mo int on 80%
661025570                                              1043.62                 6/1/2007                  164000                                  163974.55       Cash Out Refinance                                 7.45       Stated Income Documentation                AA+                               270000                    270000                         0                         164000       6 mo int on 80%
661025573                                              1519.37                 7/1/2007                  203000                                  202738.09       Cash Out Refinance                                 8.21       Stated Income Documentation                AA+                               330000                    330000                         0                      202869.49       6 mo int on 80%
661025597                                              1907.02                 6/1/2007                  246000                                  245948.23       Cash Out Refinance                                 9.05       Stated Income Documentation                AA+                               475000                    475000                         0                         246000       6 mo int on 80%
661025605                                              2108.84                 6/1/2007                  354996                                  354928.39       Cash Out Refinance                                  6.9       Stated Income Documentation                AA+                               537000                    537000                         0                         354996       6 mo int on 80%
661025610                                              2091.04                 6/1/2007                  352000                                  351932.96       Cash Out Refinance                                  6.9       Full Documentation                         AA+                               440000                    440000                         0                         352000       6 mo int on 80%
661025632                                              2565.61                 6/1/2007                  355000                                  354927.28       Rate/Term Refinance                                8.55       Stated Income Documentation                AA                                410000                    410000                         0                      354963.77       6 mo int on 80%
661025641                                              1493.89                 7/1/2007                  178400                                  178370.37       Cash Out Refinance                                 9.85       Stated Income Documentation                AA                                223000                    223000                         0                         178400       6 mo int on 80%
661025651                                               2136.6                 6/1/2007                  225250                                  225168.81       Cash Out Refinance                                10.95       Stated Income Documentation                AA+                               330000                    265000                         0                         225250       6 mo int on 80%
661025654                                              1422.37                 6/1/2007                  207000                                  206974.88       Cash Out Refinance                                  8.1       Full Documentation                         AA+                               230000                    230000                         0                         207000       6 mo int on 80%
661025657                                              2758.58                 6/1/2007                  407700                                  407574.48       Cash Out Refinance                                 7.75       Full Documentation                         AA                                453000                    453000                         0                         407700       6 mo int on 80%
661025682                                              1414.61                 6/1/2007                  204000                                  203881.89       Rate/Term Refinance                               7.975       Full Documentation                         AA                                240000                    225000                         0                      203941.14       6 mo int on 80%
661025688                                              2157.66                 6/1/2007                  280000                                  279940.01       Cash Out Refinance                                 8.99       Stated Income Documentation                AA                                400000                    400000                         0                         280000       6 mo int on 80%
661025690                                              1920.39                 7/1/2007                  276000                                  275793.11       Cash Out Refinance                                 7.45       Stated Income Documentation                AA+                               345000                    345000                         0                      275793.11       6 mo int on 80%
661025745                                              1578.97                 6/1/2007                  238500                                  238467.31       Cash Out Refinance                                 7.78       Full Documentation                         AA+                               265000                    265000                         0                         238500       6 mo int on 80%
661025768                                              2088.45                 6/1/2007                  276250                                  276187.38       Cash Out Refinance                                  8.8       Stated Income Documentation                AA+                               325000                    325000                         0                         276250       6 mo int on 80%
661025800                                              1911.54                 6/1/2007                  216000                                  215906.46       Purchase                                           10.1       Full Documentation                         AA+                               300000                    300000                    240000                         216000       None
661025820                                               2311.7                 6/1/2007                  322000                                  321915.47       Cash Out Refinance                                  8.3       Stated Income Documentation                AA+                               575000                    575000                         0                         322000       6 mo int on 80%
661025843                                              1792.06                 6/1/2007                  309600                                  309536.54       Rate/Term Refinance                                 6.7       Full Documentation                         AA+                               387000                    360000                         0                         309600       6 mo int on 80%
661025857                                              2637.53                 6/1/2007                  369000                                  368960.85       Cash Out Refinance                                 8.45       Stated Income Documentation                AA+                               410000                    410000                         0                         369000       6 mo int on 80%
661025864                                              1573.09                 6/1/2007                  270000                                  269945.66       Cash Out Refinance                                 6.75       Full Documentation                         AA+                               475000                    475000                         0                         270000       6 mo int on 80%
661026004                                               1498.2                 6/1/2007                  166500                                  166430.93       Cash Out Refinance                                 10.3       Stated Income Documentation                AA+                               185000                    185000                         0                         166500       6 mo int on 80%
671019953                                              2545.82                 7/1/2007                  247500                                  247429.18       Cash Out Refinance                                   12       Stated Income Documentation                B                                 275000                    275000                         0                         247500       6 mo int on 80%
671019970                                              2404.81                 6/1/2007                  382500                                   382215.8       Cash Out Refinance                                  7.1       Full Documentation                         A                                 510000                    510000                         0                      382358.32       6 mo int on 80%
671020486                                              1765.57                 6/1/2007                  255000                                  254612.67       Cash Out Refinance                                  7.4       Business Bank Statements                   AA+                               306000                    306000                         0                      254806.93       6 mo int on 80%
671020495                                              1041.57                 6/1/2007                  133000                                  132922.68       Cash Out Refinance                                  8.7       Stated Income Documentation                AA+                               190000                    190000                         0                         133000       6 mo int on 80%
671020505                                              1871.35                 6/1/2007                  252000                                  251953.13       Cash Out Refinance                                  8.8       Full Documentation                         AA+                               280000                    280000                         0                      251976.65       6 mo int on 80%
671020521                                              2389.68                 6/1/2007                  382500                                     382374       Cash Out Refinance                                  7.3       Stated Income Documentation                AA+                               450000                    450000                         0                      382437.19       6 mo int on 80%
671020582                                              1464.96                 6/1/2007                  192800                                  192713.56       Cash Out Refinance                                 8.85       Full Documentation                         B                                 241000                    241000                         0                      192756.94       6 mo int on 80%
671020604                                              1503.28                 6/1/2007                  204000                                  203950.22       Purchase                                           8.55       Full Documentation                         A                                 240000                    240000                    240000                         204000       6 mo int on 80%
671020624                                              1061.76                 6/1/2007                  121500                                  121445.68       Cash Out Refinance                                 9.95       Full Documentation                         AA+                               135000                    135000                         0                         121500       6 mo int on 80%
671020669                                               2300.9                 6/1/2007                  280000                                  279950.77       Cash Out Refinance                                 9.65       Stated Income Documentation                B                                 350000                    350000                         0                         280000       6 mo int on 80%
671020671                                              1794.44                 6/1/2007                  310011                                  309883.55       Cash Out Refinance                                  6.7       Full Documentation                         AA+                               405000                    405000                         0                      309947.45       6 mo int on 80%
671020708                                              1013.86                 6/1/2007                  151000                                  150960.31       Cash Out Refinance                                  7.9       Full Documentation                         AA+                               172000                    172000                         0                      150980.22       6 mo int on 80%
671020718                                              2583.28                 7/1/2007                  387000                                  386896.36       Cash Out Refinance                                 7.85       Full Documentation                         AA+                               430000                    430000                         0                         387000       6 mo int on 80%
671020726                                              1743.44                 6/1/2007                  338300                                  338205.77       Rate/Term Refinance                                5.85       Full Documentation                         AA+                               398000                    398000                         0                         338300       6 mo int on 80%
671020729                                              1202.22                 6/1/2007                  135000                                  134942.47       Rate/Term Refinance                              10.175       Full Documentation                         AA+                               150000                    150000                         0                         135000       6 mo int on 80%
671020731                                               2000.9                 7/1/2007                  255500                                  255351.48       Cash Out Refinance                                  8.7       Stated Income Documentation                AA+                               365000                    365000                         0                         255500       None
671020746                                              2753.23                 7/1/2007                  398400                                  398352.57       Rate/Term Refinance                                8.15       Stated Income Documentation                AA+                               498000                    498000                         0                         398400       6 mo int on 80%
671020749                                              1421.72                 6/1/2007                  184500                                  184485.09       Cash Out Refinance                                 9.15       Full Documentation                         AA+                               205000                    205000                         0                         184500       6 mo int on 80%
671020773                                              1998.21                 7/1/2007                  330000                                  329880.73       Cash Out Refinance                                 7.05       Full Documentation                         AA+                               633000                    633000                         0                      329940.54       6 mo int on 80%
671020808                                              1969.18                 6/1/2007                  238500                                   238458.7       Cash Out Refinance                                  9.7       Full Documentation                         AA+                               265000                    265000                         0                         238500       6 mo int on 80%
671020817                                              1834.84                 6/1/2007                  264000                                  263969.16       Cash Out Refinance                                  8.2       Full Documentation                         AA+                               560000                    560000                         0                         264000       6 mo int on 80%
671020851                                              1356.26                 7/1/2007                  192950                                  192928.31       Cash Out Refinance                                  8.3       Full Documentation                         AA+                               227000                    227000                         0                         192950       6 mo int on 80%
671020853                                              1418.65                 6/1/2007                  184500                                  184388.23       Rate/Term Refinance                                 8.5       Full Documentation                         AA+                               205000                    205000                         0                         184500       6 mo int on 80%
671020864                                              1436.25                 6/1/2007                  163800                                  163727.39       Rate/Term Refinance                                9.99       Full Documentation                         AA+                               182000                    182000                         0                         163800       6 mo int on 80%
671020868                                              1865.91                 5/1/2007                  219050                                   218840.4       Cash Out Refinance                                 9.65       Full Documentation                         C                                 337000                    337000                         0                      218945.62       6 mo int on 80%
671020881                                               794.17                 7/1/2007                  124800                                  124756.77       Cash Out Refinance                                 7.45       Full Documentation                         AA+                               156000                    156000                         0                      124778.45       6 mo int on 80%
671020888                                              2200.15                 7/1/2007                  337500                                  337451.41       Rate/Term Refinance                                7.65       Stated Income Documentation                AA+                               375000                    375000                         0                         337500       6 mo int on 80%
671020906                                              1615.83                 7/1/2007                  193500                                  193488.61       Cash Out Refinance                                 9.95       Stated Income Documentation                AA+                               215000                    215000                         0                         193500       6 mo int on 80%
671020908                                              1611.79                 6/1/2007                  217600                                  217547.68       Cash Out Refinance                                  8.6       Full Documentation                         A                                 272000                    272000                         0                         217600       None
671020910                                              2234.23                 7/1/2007                  284000                                  283804.36       Cash Out Refinance                                 8.75       Full Documentation                         AA+                               355000                    355000                         0                      283804.36       6 mo int on 80%
671020926                                              1237.07                 6/1/2007                  205600                                  205562.26       Cash Out Refinance                                    7       Full Documentation                         AA+                               257000                    257000                         0                         205600       6 mo int on 80%
671020950                                              2690.96                 6/1/2007                  374400                                   374321.8       Cash Out Refinance                                  8.5       Full Documentation                         AA                                416000                    416000                         0                         374400       None
671020976                                               1685.5                 6/1/2007                  300000                                  299933.25       Rate/Term Refinance                               6.475       Full Documentation                         AA+                               400000                    400000                         0                         300000       6 mo int on 80%
671020994                                              1747.67                 7/1/2007                  250000                                  249929.41       Cash Out Refinance                                 8.05       Full Documentation                         A                                 340000                    340000                         0                      249929.41       6 mo int on 80%
671021060                                               1354.9                 7/1/2007                  243600                                  243247.06       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               290000                    290000                         0                         243600       6 mo int on 80%
671021164                                               1365.9                 6/1/2007                  169000                                  168908.64       Rate/Term Refinance                                9.05       Full Documentation                         C                                 260000                    260000                         0                         169000       6 mo int on 80%
831076889                                               592.52                 6/1/2007                  100000                                    99942.1       Cash Out Refinance                                 6.88       Full Documentation                         AA+                               169000                    169000                         0                       99961.51       6 mo int on 80%
831076891                                              1495.26                 7/1/2007                  186000                                  185692.28       Cash Out Refinance                                 8.99       Stated Income Documentation                AA+                               255000                    240000                         0                      185795.62       6 mo int on 80%
831076893                                              1515.54                 5/1/2007                  200000                                  199947.98       Cash Out Refinance                                 8.99       Stated Income Documentation                AA+                               260000                    250000                         0                      199982.79       6 mo int on 80%
831076894                                              1515.57                 6/1/2007                  203000                                  202944.26       Cash Out Refinance                                 8.85       Stated Income Documentation                AA+                               329000                    329000                         0                      202962.98       6 mo int on 80%
831076895                                               848.97                 6/1/2007                  106400                                  106377.26       Cash Out Refinance                                 9.49       Stated Income Documentation                AA                                133000                    133000                         0                       106384.9       6 mo int on 80%
831077041                                              3099.76                 6/1/2007                  405000                                  404048.49       Cash Out Refinance                                 8.45       Stated Income Documentation                AA                                605000                    605000                         0                       404301.3       6 mo int on 80%
831077042                                              2356.01                 6/1/2007                  323850                                  323181.71       Cash Out Refinance                                 7.91       Stated Income Documentation                AA+                               381000                    381000                         0                      323405.94       6 mo int on 80%
831077044                                              1990.81                 6/1/2007                  300000                                  299861.67       Cash Out Refinance                                  7.8       Full Documentation                         AA+                               560000                    560000                         0                      299903.11       6 mo int on 80%
831077045                                              2701.41                 6/1/2007                  416500                                  415418.15       Cash Out Refinance                                 6.75       Stated Income Documentation                AA+                               595000                    595000                         0                      415780.79       6 mo int on 80%
831077047                                               706.76                 6/1/2007                  100000                                   99780.84       Cash Out Refinance                                 7.61       Stated Income Documentation                AA+                               130000                    130000                         0                       99854.36       2% of UPB
831077048                                                 3114                 6/1/2007                  414000                                  413889.38       Cash Out Refinance                                 8.92       Full Documentation                         AA+                               460000                    460000                         0                      413926.53       6 mo int on 80%
831077051                                              1731.42                 6/1/2007                  252000                                  251774.97       Cash Out Refinance                                 7.89       Stated Income Documentation                AA+                               315000                    315000                         0                      251850.47       6 mo int on 80%
831077166                                               839.18                 6/1/2007                  136000                                  135930.04       Cash Out Refinance                                  7.2       Stated Income Documentation                AA                                235000                    235000                         0                      135976.82       6 mo int on 80%
831077210                                              2180.42                 6/1/2007                  300000                                  299378.77       Cash Out Refinance                                  7.9       Stated Income Documentation                AA+                               470000                    470000                         0                      299586.91       None
831077211                                               1319.7                 6/1/2007                  186000                                  185595.59       Cash Out Refinance                                 7.65       Stated Income Documentation                AA+                               280000                    280000                         0                      185731.25       None
831077212                                              1380.48                 6/1/2007                  175000                                  174646.88       Cash Out Refinance                                 8.78       Stated Income Documentation                AA+                               350000                    350000                         0                      174748.78       None
831077213                                              3243.01                 6/1/2007                  416000                                  415261.68       Cash Out Refinance                                 8.65       Full Documentation                         AA+                               520000                    520000                         0                      415509.56       None
831077214                                              1667.66                 6/1/2007                  230000                                  229522.03       Cash Out Refinance                                7.875       Full Documentation                         AA                                500000                    500000                         0                       229682.4       None
831077253                                               2517.7                 6/1/2007                  372800                                  372606.48       Cash Out Refinance                                 7.95       Stated Income Documentation                AA+                               466000                    466000                         0                      372655.34       6 mo int on 80%
831077259                                              1170.18                 6/1/2007                  148000                                  147850.97       Cash Out Refinance                                 9.25       Lite Documentation                         A                                 212000                    212000                         0                      147881.23       6 mo int on 80%
831077314                                              1157.66                 7/1/2007                  200000                                  199834.66       Rate/Term Refinance                                 6.7       Full Documentation                         AA+                               270000                    270000                         0                      199876.34       6 mo int on 80%
831077326                                              1334.92                 6/1/2007                  215000                                  214891.46       Cash Out Refinance                                 7.25       Full Documentation                         AA+                               290000                    290000                         0                      214927.86       6 mo int on 80%
831077331                                               1137.7                 6/1/2007                  156000                                  155828.45       Cash Out Refinance                                 8.45       Full Documentation                         AA+                               215000                    215000                         0                      155868.58       None
831077334                                              1682.33                 6/1/2007                  238000                                  237893.91       Cash Out Refinance                                 8.35       Full Documentation                         AA+                               280000                    280000                         0                      237920.71       6 mo int on 80%
831077559                                              3027.29                 6/1/2007                  399500                                     399431       Cash Out Refinance                                 8.99       Full Documentation                         AA+                               470000                    470000                         0                      399465.63       6 mo int on 80%
831077560                                              1105.79                 7/1/2007                  156000                                   155965.8       Cash Out Refinance                                8.375       Stated Income Documentation                AA+                               227000                    227000                         0                      155982.96       6 mo int on 80%
831077564                                              1772.67                 6/1/2007                  240000                                  239931.49       Cash Out Refinance                                 8.75       Full Documentation                         AA+                               300000                    300000                         0                      239954.49       6 mo int on 80%
831077570                                              1642.63                 6/1/2007                  208800                                  208436.97       Cash Out Refinance                                 8.75       Stated Income Documentation                AA+                               290000                    290000                         0                      208558.86       6 mo int on 80%
831077579                                              2082.28                 6/1/2007                  252000                                  251740.44       Cash Out Refinance                                  9.3       Stated Income Documentation                B                                 320000                    320000                         0                      251870.72       6 mo int on 80%
831077594                                              1875.32                 7/1/2007                  270000                                  269765.73       Cash Out Refinance                                 7.99       Stated Income Documentation                AA+                               323000                    323000                         0                      269844.34       6 mo int on 80%
831077605                                               982.73                 6/1/2007                  148500                                  148304.49       Cash Out Refinance                                 7.55       Full Documentation                         AA+                               165000                    165000                         0                      148353.83       6 mo int on 80%
831077607                                              1888.19                 6/1/2007                  248500                                  248275.53       Rate/Term Refinance                                8.85       Full Documentation                         A                                 283000                    283000                         0                      248332.27       6 mo int on 80%
831077609                                              1383.55                 6/1/2007                  195000                                  194432.91       Cash Out Refinance                                 7.65       Full Documentation                         AA+                               260000                    260000                         0                      194576.04       2 mo int on 66% if less than 8%
831077613                                              1905.61                 6/1/2007                  252000                                  251521.47       Cash Out Refinance                                 8.32       Stated Income Documentation                AA+                               315000                    315000                         0                      251682.08       6 mo int on 80%
831077614                                               803.79                 6/1/2007                  108000                                  107787.69       Cash Out Refinance                                 8.15       Full Documentation                         AA+                               180000                    180000                         0                      107858.94       6 mo int on 80%
831077615                                              1115.88                 6/1/2007                  162500                                  162354.69       Cash Out Refinance                                7.885       Stated Income Documentation                AA+                               250000                    250000                         0                      162403.44       6 mo int on 80%
831077618                                              1262.23                 6/1/2007                  213000                                  212726.31       Cash Out Refinance                                  6.6       Full Documentation                         AA+                               237000                    237000                         0                      212818.04       6 mo int on 80%
831077624                                                 1618                 7/1/2007                  204000                                  203768.75       Cash Out Refinance                                 8.84       Stated Income Documentation                AA+                               255000                    255000                         0                       203884.8       6 mo int on 80%
831077628                                              2211.92                 6/1/2007                  322000                                   321252.3       Cash Out Refinance                                 7.32       Stated Income Documentation                AA+                               500000                    500000                         0                      321503.05       6 mo int on 80%
831077684                                              1079.17                 6/1/2007                  175000                                     175000       Cash Out Refinance                                  7.4       Stated Income Documentation                AA                                297000                    297000                         0                         175000       6 mo int on 80%
831077686                                              2719.53                 6/1/2007                  280000                                  279713.74       Cash Out Refinance                                11.25       Full Documentation                         CC                                445000                    445000                         0                      279810.05       6 mo int on 80%
831077693                                              1592.38                 6/1/2007                  245000                                  244928.55       Cash Out Refinance                                7.625       Stated Income Documentation                AA+                               360000                    360000                         0                      244964.39       6 mo int on 80%
831077702                                               845.45                 6/1/2007                  107957                                  107831.02       Cash Out Refinance                                  8.7       Full Documentation                         AA+                               270000                    270000                         0                      107894.24       6 mo int on 80%
831077713                                              2018.24                 6/1/2007                  288750                                   288616.3       Cash Out Refinance                                 8.25       Stated Income Documentation                AA+                               385000                    385000                         0                      288650.07       None
831077715                                               1245.5                 6/1/2007                  207000                                  206745.49       Rate/Term Refinance                                   7       Stated Income Documentation                AA+                               305000                    305000                         0                      206784.75       None
831077716                                               1513.8                 6/1/2007                  250000                                  249818.21       Cash Out Refinance                                 7.05       Full Documentation                         AA+                               680000                    680000                         0                      249909.64       6 mo int on 80%
831077717                                              1138.34                 7/1/2007                  165500                                  165302.87       Cash Out Refinance                                  7.9       Full Documentation                         AA+                               187000                    187000                         0                      165352.64       6 mo int on 80%
831077719                                              1962.44                 7/1/2007                  260000                                  259337.87       Cash Out Refinance                                  8.3       Full Documentation                         A                                 735000                    735000                         0                       259505.4       None
831077807                                              2956.48                 6/1/2007                  345000                                  344674.73       Cash Out Refinance                                 9.72       Stated Income Documentation                AA+                               520000                    520000                         0                      344838.02       6 mo int on 80%
831077808                                               733.76                 6/1/2007                  100000                                   99865.37       Cash Out Refinance                                    8       Stated Income Documentation                AA+                               334000                    334000                         0                       99932.91       6 mo int on 80%
831077809                                                916.9                 5/1/2007                  115500                                  115369.34       Cash Out Refinance                                 8.85       Stated Income Documentation                AA+                               165000                    165000                         0                         115500       6 mo int on 80%
831077810                                              1236.62                 6/1/2007                  143200                                  143067.54       Cash Out Refinance                                 9.81       Business Bank Statements                   AA+                               179000                    179000                         0                      143134.04       6 mo int on 80%
831077811                                               883.84                 5/1/2007                  102000                                  101859.08       Cash Out Refinance                                 9.85       Stated Income Documentation                AA+                               137000                    137000                         0                      101906.44       None
831077812                                              1691.41                 7/1/2007                  215000                                   214751.7       Cash Out Refinance                                 8.75       Stated Income Documentation                AA+                               630000                    630000                         0                       214876.3       None
831077814                                              1306.97                 6/1/2007                  202000                                  201860.13       Cash Out Refinance                                 7.35       Stated Income Documentation                AA+                               270000                    270000                         0                      201930.28       6 mo int on 80%
831077815                                               1651.7                 6/1/2007                  215200                                  215106.32       Cash Out Refinance                                 8.95       Stated Income Documentation                AA+                               269000                    269000                         0                      215153.33       6 mo int on 80%
831077820                                              2167.03                 6/1/2007                  312000                                  311729.31       Cash Out Refinance                                 7.99       Full Documentation                         AA+                               390000                    390000                         0                      311820.14       6 mo int on 80%
831077821                                              3724.49                 6/1/2007                  553500                                  552801.87       Rate/Term Refinance                                 7.7       Stated Income Documentation                AA+                               615000                    615000                         0                      552978.08       6 mo int on 80%
831077822                                              1362.46                 7/1/2007                  185850                                  185757.63       Cash Out Refinance                                  8.5       Stated Income Documentation                AA+                               370000                    370000                         0                      185757.63       6 mo int on 80%
831077823                                              2668.93                 7/1/2007                  412500                                  412070.27       Cash Out Refinance                                 7.35       Stated Income Documentation                AA+                               735000                    735000                         0                      412214.39       6 mo int on 80%
831077827                                              1696.72                 6/1/2007                  200000                                   199936.3       Rate/Term Refinance                                9.99       Stated Income Documentation                AA+                               251000                    251000                         0                      199968.28       6 mo int on 80%
831077829                                              1069.14                 6/1/2007                  140000                                  139906.88       Cash Out Refinance                                  8.9       Full Documentation                         AA+                               200000                    200000                         0                      139938.15       6 mo int on 80%
831077832                                              1573.35                 6/1/2007                  172000                                   171862.7       Cash Out Refinance                                 10.5       Stated Income Documentation                AA+                               215000                    215000                         0                      171931.65       6 mo int on 80%
831077867                                              1727.22                 5/1/2007                  261000                                   260656.4       Cash Out Refinance                                 7.55       Full Documentation                         AA+                               290000                    290000                         0                      260829.28       None
831077873                                              1329.67                 6/1/2007                  185000                                  184902.36       Cash Out Refinance                                  8.5       Stated Income Documentation                AA+                               275000                    275000                         0                      184941.83       None
831077877                                               842.36                 7/1/2007                  140000                                  139896.32       Cash Out Refinance                                    7       Stated Income Documentation                AA+                               270000                    270000                         0                      139922.47       None
831077889                                              1093.33                 6/1/2007                  160000                                  159806.12       Cash Out Refinance                                 7.84       Full Documentation                         AA+                               235000                    235000                         0                      159855.06       6 mo int on 80%
831077893                                               939.75                 7/1/2007                  137000                                  136916.73       Cash Out Refinance                                7.875       Stated Income Documentation                AA+                               240000                    240000                         0                       136958.5       6 mo int on 80%
831077894                                               973.83                 7/1/2007                  154000                                  153886.26       Cash Out Refinance                                 7.15       Stated Income Documentation                AA+                               290000                    290000                         0                      153942.85       6 mo int on 80%
831077897                                              2469.17                 6/1/2007                  281600                                  281349.26       Cash Out Refinance                                 9.99       Stated Income Documentation                AA                                352000                    352000                         0                         281600       6 mo int on 80%
831077901                                              2909.36                 6/1/2007                  346000                                  345658.27       Cash Out Refinance                                  9.5       Full Documentation                         AA+                               650000                    650000                         0                      345829.81       None
831077902                                                879.8                 7/1/2007                  124000                                  123730.39       Cash Out Refinance                                 7.65       Full Documentation                         AA+                               155000                    155000                         0                       123910.7       6 mo int on 80%
831077906                                              1518.27                 6/1/2007                  204000                                  203327.08       Cash Out Refinance                                 8.15       Stated Income Documentation                AA+                               255000                    255000                         0                      203463.49       None
831077907                                              1819.67                 6/1/2007                  210000                                  209807.37       Cash Out Refinance                                 9.85       Full Documentation                         AA+                               295000                    295000                         0                         210000       None
831077912                                              1320.87                 6/1/2007                  175000                                  174778.33       Cash Out Refinance                                  8.3       Stated Income Documentation                AA+                               300000                    300000                         0                      174889.55       6 mo int on 80%
831077920                                              2421.51                 6/1/2007                  297500                                  297391.76       Cash Out Refinance                                 9.55       Stated Income Documentation                AA+                               350000                    350000                         0                      297446.09       6 mo int on 80%
831077922                                              1302.66                 6/1/2007                  168000                                  167973.38       Rate/Term Refinance                                9.21       Stated Income Documentation                AA+                               210000                    210000                         0                      167986.74       6 mo int on 80%
831077924                                               714.93                 7/1/2007                   72250                                    72203.5       Purchase                                          11.49       Stated Income Documentation                AA+                               118000                    118000                     85000                       72226.86       1% of amt prepaid
831077929                                              3331.96                 6/1/2007                  380000                                  379661.68       Cash Out Refinance                                 9.99       Stated Income Documentation                AA+                               475000                    475000                         0                      379831.54       6 mo int on 80%
831077931                                              2688.16                 6/1/2007                  356250                                  356187.51       Rate/Term Refinance                                8.95       Stated Income Documentation                AA+                               475000                    475000                         0                      356218.87       6 mo int on 80%
831077932                                              1935.58                 6/1/2007                  216000                                  215818.07       Cash Out Refinance                                10.25       Full Documentation                         B                                 240000                    240000                         0                      215909.42       6 mo int on 80%
831077933                                              2245.23                 7/1/2007                  292000                                  291644.95       Cash Out Refinance                                  8.5       Stated Income Documentation                AA+                               365000                    365000                         0                      291644.95       6 mo int on 80%
831077937                                                 1820                 6/1/2007                  253500                                  253446.84       Cash Out Refinance                                 8.49       Stated Income Documentation                AA+                               390000                    390000                         0                      253473.51       6 mo int on 80%
831077954                                              2433.91                 6/1/2007                  392000                                  391868.45       Cash Out Refinance                                 7.25       Stated Income Documentation                AA                                560000                    560000                         0                      391934.42       6 mo int on 80%
831077955                                               961.35                 6/1/2007                  122200                                  122058.87       Cash Out Refinance                                 8.75       Stated Income Documentation                AA+                               188000                    188000                         0                      122129.69       6 mo int on 80%
831077958                                               716.41                 7/1/2007                  100000                                   99858.39       Rate/Term Refinance                                7.75       Stated Income Documentation                AA+                               550000                    550000                         0                       99929.42       6 mo int on 80%
831077966                                              3430.93                 6/1/2007                  480000                                  479897.78       Cash Out Refinance                                 8.45       Full Documentation                         AA+                               640000                    640000                         0                      479949.07       6 mo int on 80%
831077968                                              2163.74                 5/1/2007                  292102                                   291716.6       Cash Out Refinance                                  8.1       Stated Income Documentation                AA+                               415000                    415000                         0                         292102       6 mo int on 80%
831077974                                              3161.49                 6/1/2007                  387990                                  387939.32       Rate/Term Refinance                                 9.7       Stated Income Documentation                AA+                               450000                    450000                         0                      387964.76       6 mo int on 80%
831077977                                              1149.12                 6/1/2007                  152000                                  151930.84       Cash Out Refinance                                  8.8       Stated Income Documentation                AA                                190000                    190000                         0                      151965.55       None
831077981                                              2031.79                 6/1/2007                  308750                                  308441.78       Cash Out Refinance                                  7.5       Stated Income Documentation                A                                 477500                    477500                         0                      308545.16       1% of amt ppd if loan greater than $150K
831077982                                              2099.74                 7/1/2007                  246500                                  246264.12       Cash Out Refinance                                 9.65       Stated Income Documentation                AA                                290000                    290000                         0                      246382.53       6 mo int on 80%
831077983                                              1893.93                 6/1/2007                  191250                                  191127.15       Purchase                                           11.5       Stated Income Documentation                AA+                               230000                    230000                    225000                      191188.85       6 mo int on 80%
831077984                                              1216.61                 6/1/2007                  141300                                   141285.3       Purchase                                          10.27       Full Documentation                         AA+                               159000                    157000                    157000                      141292.68       2 mo int or 60 days int on UPB
831077985                                               609.49                 6/1/2007                   72800                                   72727.34       Purchase                                           9.45       Full Documentation                         AA+                               112000                    112000                    112000                       72763.81       2 mo int on 80%
831077986                                              2569.72                 6/1/2007                  414000                                  413682.74       Rate/Term Refinance                                6.99       Full Documentation                         AA+                               460000                    460000                         0                      413841.83       6 mo int on 80%
831077987                                              1090.55                 7/1/2007                  155000                                  154913.69       Cash Out Refinance                                 8.11       Stated Income Documentation                AA+                               290000                    260000                         0                      154956.99       6 mo int on 80%
831077988                                              1646.58                11/1/2007                  213750                                  213491.18       Cash Out Refinance                                 8.52       Stated Income Documentation                AA+                               285000                    285000                         0                      212962.41       6 mo int on 80%
831077989                                              2035.78                 6/1/2007                  311000                                  310472.34       Cash Out Refinance                                 6.84       Stated Income Documentation                AA+                               570000                    570000                         0                      310736.92       6 mo int on 80%
831077990                                              2157.29                 6/1/2007                  337250                                  336766.69       Cash Out Refinance                                 7.25       Stated Income Documentation                AA+                               375000                    375000                         0                      336888.61       6 mo int on 80%
831077991                                              1189.83                 6/1/2007                  198000                                  197889.92       Cash Out Refinance                                 6.99       Full Documentation                         AA+                               220000                    220000                         0                      197926.83       2 mo int on 66% if less than 8%
831077995                                              1811.49                 6/1/2007                  240000                                  239695.97       Cash Out Refinance                                  8.3       Full Documentation                         AA+                               300000                    300000                         0                      239848.51       None
831077996                                               731.25                 6/1/2007                  110500                                  110354.54       Cash Out Refinance                                 7.55       Full Documentation                         AA+                               150000                    150000                         0                      110391.25       6 mo int on 80%
831077997                                              2037.75                 6/1/2007                  265500                                  265267.17       Cash Out Refinance                                 8.95       Stated Income Documentation                AA+                               295000                    295000                         0                      265326.03       6 mo int on 80%
831077998                                              2143.86                 6/1/2007                  312000                                  311847.02       Cash Out Refinance                                  8.1       Full Documentation                         AA+                               390000                    390000                         0                      311885.65       6 mo int on 80%
831078009                                               975.83                 5/1/2007                  108000                                  107865.86       Purchase                                          10.35       Stated Income Documentation                AA+                               163000                    163000                    135000                      107955.67       None
831078013                                               843.49                 6/1/2007                  120000                                  119972.93       Cash Out Refinance                                  8.3       Stated Income Documentation                AA+                               160000                    160000                         0                      119986.51       6 mo int on 80%
831078016                                               1551.7                 6/1/2007                  196350                                  196012.13       Cash Out Refinance                                  8.8       Stated Income Documentation                AA+                               231000                    231000                         0                      196125.58       6 mo int on 80%
831078067                                              1531.51                 6/1/2007                  220500                                  220244.07       Cash Out Refinance                                 7.99       Full Documentation                         AA                                245000                    245000                         0                      220308.69       6 mo int on 80%
831078068                                              2679.79                 6/1/2007                  403200                                  401863.78       Rate/Term Refinance                                6.99       Full Documentation                         AA+                               504000                    504000                         0                      402200.75       None
831078075                                              1013.24                 6/1/2007                  100000                                   99939.89       Cash Out Refinance                                 11.8       Stated Income Documentation                AA                                240000                    189000                         0                       99970.09       6 mo int on 80%
831078077                                              1341.56                 6/1/2007                  183000                                  182909.06       Rate/Term Refinance                                 8.5       Stated Income Documentation                AA+                               267000                    267000                         0                      182954.69       6 mo int on 80%
831078078                                               2630.5                 6/1/2007                  300000                                  299732.89       Rate/Term Refinance                                9.99       Stated Income Documentation                AA                                375000                    375000                         0                         299867       6 mo int on 80%
831078082                                              3970.33                 5/1/2007                  468000                                  467850.92       Cash Out Refinance                                 9.99       Full Documentation                         B                                 520000                    520000                         0                         468000       6 mo int on 80%
831078084                                              1178.64                 6/1/2007                  166000                                  165963.83       Purchase                                           8.39       Stated Income Documentation                AA+                               208000                    208000                    208000                      165981.98       6 mo int on 80%
831078088                                              1615.85                 6/1/2007                  201000                                  200779.13       Cash Out Refinance                                 8.99       Full Documentation                         AA+                               225000                    225000                         0                      200889.98       6 mo int on 80%
831078101                                              1374.61                 6/1/2007                  180000                                  179688.68       Cash Out Refinance                                  8.9       Full Documentation                         C                                 250000                    250000                         0                      179730.29       1% of amt ppd if loan greater than $150K
831078108                                               922.94                 7/1/2007                  120250                                  120117.66       Cash Out Refinance                                 8.95       Full Documentation                         AA+                               185000                    185000                         0                      120171.18       3% / 2% / 1%
831078112                                              1226.94                 6/1/2007                  166500                                  166335.74       Rate/Term Refinance                                8.55       Full Documentation                         AA+                               220000                    220000                         0                      166377.24       6 mo int on 80%
831078113                                              1525.63                 7/1/2007                  248400                                  248007.31       Cash Out Refinance                                  6.9       Full Documentation                         AA+                               276000                    276000                         0                      248106.33       3% / 2% / 1%
831078114                                               1016.6                 6/1/2007                  147000                                   146827.4       Cash Out Refinance                                 7.95       Stated Income Documentation                AA+                               212000                    212000                         0                      146870.98       6 mo int on 80%
831078120                                              1140.21                 6/1/2007                  118000                                  117951.98       Cash Out Refinance                               11.475       Full Documentation                         CC                                290000                    290000                         0                      117964.16       6 mo int on 80%
831078125                                               838.46                 6/1/2007                   92300                                   92252.95       Cash Out Refinance                                10.75       Full Documentation                         B                                 142000                    142000                         0                       92252.95       None
831078142                                              1425.25                 6/1/2007                  168000                                  167946.48       Purchase                                           9.99       Stated Income Documentation                AA+                               210000                    210000                    210000                      167973.35       6 mo int on 80%
831078163                                              1726.95                 6/1/2007                  185000                                  184860.06       Cash Out Refinance                                10.75       Full Documentation                         AA+                               265000                    265000                         0                      184930.34       None
831078179                                              2753.43                 6/1/2007                  396000                                   395770.3       Cash Out Refinance                                    8       Full Documentation                         A                                 440000                    440000                         0                       395884.5       6 mo int on 80%
831078180                                               549.67                 6/1/2007                   78000                                   77934.93       Rate/Term Refinance                               8.125       Full Documentation                         B                                 140000                    140000                         0                       77978.46       6 mo int on 80%
831078200                                               979.78                 6/1/2007                  133650                                  133583.58       Cash Out Refinance                                  8.5       Stated Income Documentation                AA                                297000                    297000                         0                      133616.91       6 mo int on 80%
831078203                                              2199.71                 6/1/2007                  292800                                   292425.3       Cash Out Refinance                                 8.25       Stated Income Documentation                AA+                               370000                    370000                         0                         292800       6 mo int on 80%
831078210                                              1524.09                 6/1/2007                  225250                                  224964.18       Cash Out Refinance                                 7.75       Full Documentation                         AA                                265000                    265000                         0                      225034.92       2 mo int on 66% if less than 8%
951003760                                              1267.17                 7/1/2007                  119600                                  119471.07       Rate/Term Refinance                                12.4       Full Documentation                         CC                                184000                    184000                         0                      119535.87       1% of amt prepaid
951003820                                              1225.02                 6/1/2007                  157500                                  157407.01       Cash Out Refinance                                8.625       Full Documentation                         B                                 210000                    210000                         0                         157500       1% of amt prepaid
951003869                                               708.37                 6/1/2007                   76500                                   76440.88       Rate/Term Refinance                               10.65       Full Documentation                         AA+                                85000                     85000                         0                       76470.57       1% of amt prepaid
951003945                                              2690.87                 6/1/2007                  313200                                  313053.88       Cash Out Refinance                                 9.75       Full Documentation                         AA+                               350000                    350000                         0                         313200       1% of amt prepaid
951004179                                              1604.16                 7/1/2007                  225000                                  224839.59       Cash Out Refinance                                  7.7       Stated Income Documentation                AA+                               377000                    350000                         0                      224839.59       3% / 2% / 1%
951004230                                              1488.72                 6/1/2007                  161100                                   160911.4       Rate/Term Refinance                              10.625       Full Documentation                         AA+                               179000                    179000                         0                      160974.82       1% of UPB
951004289                                               976.35                 6/1/2007                  100800                                  100765.71       Rate/Term Refinance                              11.215       Full Documentation                         A                                 126000                    126000                         0                         100800       1% of amt prepaid
951004454                                               867.96                 7/1/2007                   94500                                   94462.85       Purchase                                          10.55       Stated Income Documentation                AA+                               120000                    105000                    105000                          94500       1% of amt prepaid
951004493                                               967.02                 6/1/2007                  111600                                  111549.03       Purchase                                           9.85       Full Documentation                         AA+                               124000                    124000                    124000                         111600       1% of amt prepaid
951004548                                               866.86                 6/1/2007                  121000                                  120828.65       Cash Out Refinance                                 7.75       Full Documentation                         AA+                               228000                    228000                         0                       120914.6       6 mo int on 80%
951004573                                              3126.13                 6/1/2007                  379995                                     379798       Cash Out Refinance                                 9.25       Full Documentation                         AA+                               490000                    490000                         0                         379995       3% / 2% / 1%
951004618                                                966.3                 6/1/2007                  118500                                  118374.04       Cash Out Refinance                                 9.15       Full Documentation                         AA+                               175000                    175000                         0                      118437.26       1% of amt prepaid
951004631                                              1691.14                 6/1/2007                  196000                                  195818.32       Cash Out Refinance                                  9.8       Full Documentation                         B                                 245000                    245000                         0                      195909.53       None
951004662                                              2647.78                 7/1/2007                  375000                                  374727.22       Cash Out Refinance                                  7.6       Stated Income Documentation                AA+                               475000                    475000                         0                      374727.22       6 mo int on 80%
951004683                                              1880.28                 8/1/2007                  231200                                  231076.84       Purchase                                           9.12       Stated Income Documentation                AA                                284000                    284000                    272000                         231200       6 mo int on 80%
951004684                                              1047.53                 6/1/2007                  148000                                   147785.1       Cash Out Refinance                                7.625       Full Documentation                         AA+                               193000                    193000                         0                      147892.89       6 mo int on 80%
951004692                                              1101.96                 7/1/2007                  108550                                  108517.71       Cash Out Refinance                               11.825       Stated Income Documentation                CC                                167000                    167000                         0                         108550       PIF - 1% of OPB ; Partial - 1% of amt ppd
951004737                                               1570.3                 6/1/2007                  186750                                  186565.55       Cash Out Refinance                                  9.5       Full Documentation                         A                                 225000                    225000                         0                      186658.14       2% of ppd amt
951004740                                              2656.47                 6/1/2007                  365500                                  365249.74       Cash Out Refinance                                  7.9       Stated Income Documentation                AA+                               430000                    430000                         0                         365500       6 mo int on 80%
951004763                                              1017.79                 6/1/2007                  120000                                  119883.96       Cash Out Refinance                                  9.6       Full Documentation                         AA+                               134000                    134000                         0                      119942.21       1% of amt prepaid
951004783                                              1248.37                 7/1/2007                  173000                                  172879.73       Cash Out Refinance                                7.825       Full Documentation                         C                                 320000                    320000                         0                         173000       None
951004791                                              2403.04                 6/1/2007                  306850                                  306671.62       Cash Out Refinance                                  8.7       Stated Income Documentation                AA+                               361000                    330000                         0                         306850       3% / 2% / 1%
951004819                                                 1230                 6/1/2007                  152080                                  152069.81       Cash Out Refinance                                9.625       Stated Income Documentation                AA+                               190100                    175000                         0                         152080       3% / 2% / 1%
951004844                                              2763.02                 6/1/2007                  359996                                  359839.32       Cash Out Refinance                                 8.95       Stated Income Documentation                AA+                               460000                    460000                         0                      359917.95       None
951004845                                              1998.22                 6/1/2007                  254000                                  253853.86       Cash Out Refinance                                 8.75       Full Documentation                         A                                 600000                    600000                         0                         254000       None
951004851                                               834.04                 6/1/2007                  110500                                  110360.02       Cash Out Refinance                                  8.3       Full Documentation                         AA+                               147000                    147000                         0                      110430.25       1% of UPB
951004854                                              1050.73                 6/1/2007                  102150                                  102120.77       Purchase                                             12       Stated Income Documentation                AA+                               114000                    114000                    113500                         102150       1% of amt prepaid
951004858                                              3102.69                 7/1/2007                  398000                                  397766.23       Cash Out Refinance                                 8.65       Stated Income Documentation                AA+                               675000                    675000                         0                      397766.23       None
951004864                                              2088.29                 5/1/2007                  199800                                  199690.46       Rate/Term Refinance                              12.215       Full Documentation                         AA                                222000                    222000                         0                         199800       6 mo int on 80%
951004867                                              2841.45                 7/1/2007                  371250                                  371022.77       Cash Out Refinance                                 8.45       Full Documentation                         AA+                               495000                    495000                         0                      371022.77       None
951004925                                              1196.53                 6/1/2007                  126900                                  126503.86       Rate/Term Refinance                              10.875       Full Documentation                         AA+                               141000                    141000                         0                       126553.5       None
951004927                                              1124.96                 6/1/2007                  125800                                  125746.96       Cash Out Refinance                               10.225       Stated Income Documentation                AA+                               148000                    148000                         0                         125800       1% of UPB
951004930                                              2061.84                 6/1/2007                  248000                                  247874.63       Cash Out Refinance                                 9.37       Stated Income Documentation                AA                                315000                    315000                         0                         248000       None
951004941                                              1649.31                 7/1/2007                  169150                                  169036.51       Rate/Term Refinance                                11.3       Full Documentation                         AA+                               199000                    199000                         0                      169093.52       6 mo int on 80%
951004943                                              1122.19                 6/1/2007                  135000                                     135000       Purchase                                          9.975       Full Documentation                         AA+                               179000                    179000                    150000                         135000       3% / 2% / 1%
951004955                                              3722.91                 6/1/2007                  448000                                  447945.96       Cash Out Refinance                                  9.9       Stated Income Documentation                AA+                               560000                    560000                         0                      447973.09       6 mo int on 80%
951004973                                              3272.26                 6/1/2007                  405900                                  405747.81       Cash Out Refinance                                 9.45       Business Bank Statements                   AA+                               451000                    451000                         0                       405824.2       1% of UPB
951004981                                              1183.33                 6/1/2007                  125000                                  124954.69       Cash Out Refinance                               10.925       Stated Income Documentation                AA+                               232000                    190000                         0                         125000       3% / 2% / 1%
951004992                                              1663.83                 7/1/2007                  220500                                  220480.73       Cash Out Refinance                                 8.95       Full Documentation                         A                                 294000                    265000                         0                         220500       1% of amt prepaid
951005003                                               975.32                 6/1/2007                  117005                                  116946.22       Cash Out Refinance                                  9.4       Full Documentation                         AA+                               175000                    175000                         0                         117005       3% / 2% / 1%
951005007                                              3425.28                 6/1/2007                  333000                                  332904.72       Cash Out Refinance                                   12       Stated Income Documentation                AA+                               370000                    370000                         0                         333000       3% / 2% / 1%
951005030                                              1174.51                 6/1/2007                  148750                                     148750       Purchase                                          9.475       Full Documentation                         AA+                               186000                    175000                    175000                         148750       3% / 2% / 1%
951005035                                              2379.46                 7/1/2007                  315250                                  314850.66       Cash Out Refinance                                  8.3       No Documentation                           AA+                               485000                    485000                         0                      315051.02       None
951005041                                              1154.15                 6/1/2007                  128000                                  127847.66       Cash Out Refinance                               10.325       Full Documentation                         AA+                               160000                    160000                         0                      127901.33       None
951005048                                              1356.58                 7/1/2007                  160500                                  160404.83       Cash Out Refinance                                 9.95       Full Documentation                         AA                                214000                    214000                         0                      160404.83       6 mo int on 80%
951005059                                              2043.08                 7/1/2007                  315000                                   314728.8       Cash Out Refinance                                 6.75       Full Documentation                         AA+                               600000                    600000                         0                       314728.8       6 mo int on 80%
951005102                                              1286.82                 6/1/2007                  198400                                   198057.4       Cash Out Refinance                                 6.75       Full Documentation                         AA+                               248000                    248000                         0                      198229.18       None
951005110                                              1642.96                 7/1/2007                  301000                                     301000       Cash Out Refinance                                 6.55       Stated Income Documentation                AA+                               430000                    430000                         0                         301000       1% of amt ppd if loan greater than $150K
951005153                                              1750.77                 6/1/2007                  186000                                  185450.48       Cash Out Refinance                                 7.75       Full Documentation                         AA+                               450000                    450000                         0                         186000       6 mo int on 80%
951005171                                              2192.95                 6/1/2007                  275000                                  274846.63       Cash Out Refinance                                  8.9       Stated Income Documentation                AA+                               352000                    352000                         0                         275000       None
951005187                                              2491.31                 6/1/2007                  264750                                  264652.47       Purchase                                          10.85       Stated Income Documentation                AA+                               400000                    400000                    353000                         264750       None
951005198                                               999.47                 6/1/2007                  112000                                  111952.53       Purchase                                           10.2       Full Documentation                         A                                 146000                    146000                    140000                         112000       3% / 2% / 1%
951005202                                               1203.4                 6/1/2007                  145000                                  144926.39       Cash Out Refinance                                 9.35       Stated Income Documentation                AA+                               275000                    275000                         0                         145000       None
951005206                                              3221.15                 6/1/2007                  350000                                  349958.02       Cash Out Refinance                                 10.9       Stated Income Documentation                B                                 468000                    468000                         0                         350000       None
951005207                                              3409.85                 6/1/2007                  331500                                  331405.15       Purchase                                             12       Stated Income Documentation                AA+                               390000                    390000                    390000                         331500       1% of amt prepaid
951005224                                              2479.89                 6/1/2007                  270000                                  269893.86       Purchase                                          10.55       Stated Income Documentation                AA+                               300000                    300000                    300000                         270000       None
951005251                                              2192.08                 6/1/2007                  250000                                  249889.17       Cash Out Refinance                                 9.99       Stated Income Documentation                AA+                               500000                    500000                         0                         250000       None
951005265                                              1840.17                 6/1/2007                  269750                                  269539.57       Cash Out Refinance                                 7.25       Full Documentation                         AA+                               415000                    415000                         0                         269750       None
951005279                                              2026.85                 6/1/2007                  225250                                  225156.55       Cash Out Refinance                                 10.3       Business Bank Statements                   AA+                               265000                    265000                         0                         225250       None
951005300                                               941.13                 7/1/2007                  153000                                  152973.68       Rate/Term Refinance                               7.175       Full Documentation                         AA+                               195000                    195000                         0                         153000       1% of amt ppd if loan greater than $150K
951005310                                              1933.47                 6/1/2007                  263500                                   263323.2       Cash Out Refinance                                    8       Full Documentation                         AA+                               310000                    310000                         0                         263500       6 mo int on 80%
951005464                                              1191.57                 6/1/2007                  117600                                  117564.83       Purchase                                           11.8       Full Documentation                         B                                 147000                    144000                    147000                         117600       1% of amt prepaid
951005474                                              1342.21                 7/1/2007                  171000                                   170901.1       Cash Out Refinance                                8.725       Business Bank Statements                   AA+                               190000                    190000                         0                       170901.1       3% / 2% / 1%
951005523                                              1334.68                 6/1/2007                  142120                                  142067.36       Purchase                                         10.825       Stated Income Documentation                AA+                               169000                    160000                    167200                         142120       3% / 2% / 1%
951006201                                              2215.31                 6/1/2007                  382500                                     382500       Cash Out Refinance                                 6.95       Full Documentation                         AA+                               460000                    460000                         0                         382500       None
961077142                                               759.99                 6/1/2007                  122250                                  122249.98       Cash Out Refinance                                 7.46       Stated Income Documentation                AA+                               163000                    163000                         0                      122249.98       6 mo int on 80%
961077678                                               945.86                 6/1/2007                  127500                                  127407.78       Rate/Term Refinance                               8.615       Full Documentation                         AA+                               150000                    150000                         0                      127438.74       6 mo int on 80%
961077682                                                933.9                 7/1/2007                  132000                                     132000       Cash Out Refinance                                 8.49       Stated Income Documentation                AA+                               224000                    224000                         0                         132000       6 mo int on 80%
961077687                                              2455.87                 5/1/2007                  335000                                  334664.65       Cash Out Refinance                                  8.5       Stated Income Documentation                A                                 425000                    425000                         0                      334833.51       6 mo int on 80%
961077801                                              1606.42                 6/1/2007                  248000                                  247828.77       Cash Out Refinance                                 7.36       Full Documentation                         AA+                               335000                    335000                         0                         248000       6 mo int on 80%
961077817                                              3553.12                 6/1/2007                  352000                                   351677.5       Purchase                                          11.75       Stated Income Documentation                A                                 456000                    456000                    440000                      351786.05       None
961077826                                              2391.71                 6/1/2007                  312000                                  311879.21       Cash Out Refinance                                  9.1       Stated Income Documentation                AA                                380000                    380000                         0                      311905.64       6 mo int on 80%
961077859                                              1963.88                 6/1/2007                  275000                                  274852.99       Cash Out Refinance                                 8.25       Stated Income Documentation                A                                 405000                    405000                         0                      274926.75       6 mo int on 80%
961077860                                              1048.04                 7/1/2007                  162000                                  161679.14       Rate/Term Refinance                               6.725       Stated Income Documentation                AA+                               240000                    240000                         0                      161858.85       6 mo int on 80%
961077891                                              1260.41                 6/1/2007                  198750                                     198750       Cash Out Refinance                                 7.61       Stated Income Documentation                AA+                               265000                    265000                         0                         198750       6 mo int on 80%
961077892                                              2414.91                 6/1/2007                  283500                                  283228.72       Cash Out Refinance                                 9.65       Stated Income Documentation                A                                 405000                    405000                         0                       283364.9       6 mo int on 80%
961077908                                              1225.35                 6/1/2007                  165600                                  165519.85       Rate/Term Refinance                                8.59       Stated Income Documentation                AA+                               207000                    207000                         0                      165560.07       6 mo int on 80%
961077909                                               944.83                 6/1/2007                  131250                                     131066       Cash Out Refinance                                  7.8       Stated Income Documentation                AA+                               175000                    175000                         0                       131158.3       6 mo int on 80%
961077926                                              1742.68                 6/1/2007                  216000                                   215919.2       Cash Out Refinance                                9.458       Stated Income Documentation                AA+                               270000                    270000                         0                      215959.76       2% of ppd amt
961077927                                               995.89                 7/1/2007                  136500                                  136313.96       Cash Out Refinance                                 7.94       Stated Income Documentation                AA+                               203500                    203500                         0                      136407.29       6 mo int on 80%
961077938                                              1862.36                 6/1/2007                  325000                                  324397.93       Cash Out Refinance                                6.325       Full Documentation                         AA+                               836000                    836000                         0                      324549.64       6 mo int on 80%
961077939                                              1396.96                 6/1/2007                  134500                                  134386.69       Cash Out Refinance                                12.13       Full Documentation                         CC                                207000                    207000                         0                      134424.84       6 mo int on 80%
961077948                                              1305.88                 7/1/2007                  171000                                   170847.8       Cash Out Refinance                                  8.9       Full Documentation                         AA                                190000                    190000                         0                      170886.27       None
961077949                                               686.27                 6/1/2007                  105000                                  104640.62       Cash Out Refinance                                6.825       Stated Income Documentation                AA                                239000                    239000                         0                      104731.23       6 mo int on 80%
961077950                                              1468.91                 7/1/2007                  194400                                  194273.11       Cash Out Refinance                                8.963       Full Documentation                         A                                 216000                    216000                         0                      194315.72       None
961077951                                              1522.39                 7/1/2007                  225000                                  224720.21       Cash Out Refinance                                 7.75       Full Documentation                         AA+                               252000                    252000                         0                      224860.99       2 mo int on 66% if less than 8%
961077960                                               1910.9                 5/1/2007                  246500                                  246290.13       Cash Out Refinance                                 9.05       Full Documentation                         A                                 290000                    290000                         0                      246395.85       6 mo int on 80%
961077961                                              1924.38                 6/1/2007                  246400                                  246194.82       Cash Out Refinance                                9.125       Lite Documentation                         C                                 308000                    308000                         0                       246246.7       None
961077962                                               799.32                 6/1/2007                   84000                                      83939       Cash Out Refinance                                10.99       Stated Income Documentation                AA                                132000                    132000                         0                          84000       6 mo int on 80%
961077964                                              3144.01                 6/1/2007                  408000                                  407735.81       Cash Out Refinance                                 8.99       Stated Income Documentation                AA+                               512000                    512000                         0                      407912.59       6 mo int on 80%
961077965                                              1550.22                 6/1/2007                  275000                                  274878.39       Cash Out Refinance                                  6.5       Full Documentation                         AA                                380000                    380000                         0                      274939.36       6 mo int on 80%
961077978                                              1049.57                 6/1/2007                  136500                                  136334.02       Cash Out Refinance                                  8.5       Full Documentation                         AA                                185000                    185000                         0                       136417.3       6 mo int on 80%
961077979                                              1319.41                 6/1/2007                  195000                                  194757.52       Cash Out Refinance                                 7.75       Full Documentation                         AA                                250000                    250000                         0                      194818.73       6 mo int on 80%
961077980                                               797.44                 6/1/2007                  100000                                   99831.44       Cash Out Refinance                                  8.9       Full Documentation                         AA+                               330000                    330000                         0                       99888.04       6 mo int on 80%
961077999                                              1938.75                 6/1/2007                  242250                                  241969.69       Cash Out Refinance                                 8.94       Stated Income Documentation                AA+                               323000                    323000                         0                      242104.76       6 mo int on 80%
961078000                                              3252.17                 6/1/2007                  406000                                  405322.71       Cash Out Refinance                                 8.95       Stated Income Documentation                AA+                               580000                    580000                         0                      405550.15       6 mo int on 80%
961078001                                               863.81                 7/1/2007                  105000                                  104890.71       Cash Out Refinance                                 9.25       Full Documentation                         A                                 140000                    140000                         0                      104890.71       6 mo int on 80%
961078002                                              1542.32                 7/1/2007                  237500                                  236933.15       Cash Out Refinance                                6.762       Full Documentation                         AA+                               415000                    415000                         0                      236933.15       6 mo int on 80%
961078010                                              1499.27                 7/1/2007                  187000                                  186793.23       Cash Out Refinance                                 8.96       Full Documentation                         AA+                               268000                    268000                         0                      186793.23       6 mo int on 80%
961078011                                              2047.64                 6/1/2007                  250000                                  249737.05       Cash Out Refinance                                  9.2       Stated Income Documentation                B                                 388000                    388000                         0                      249869.03       6 mo int on 80%
961078072                                              1401.91                 6/1/2007                  212000                                  211469.42       Cash Out Refinance                                 6.94       Stated Income Documentation                AA+                               570000                    570000                         0                       211647.3       6 mo int on 80%
961078096                                              1277.15                 6/1/2007                  170000                                  169779.24       Cash Out Refinance                                 8.25       Stated Income Documentation                AA+                               430000                    430000                         0                      169888.41       6 mo int on 80%
961078161                                              1206.07                 8/1/2007                  151500                                  151439.99       Cash Out Refinance                                 9.32       Full Documentation                         AA+                               202000                    202000                         0                      151469.65       6 mo int on 80%
961078164                                              1294.85                 6/1/2007                  160000                                  159940.73       Cash Out Refinance                                 9.49       Full Documentation                         B                                 200000                    200000                         0                      159970.48       6 mo int on 80%
961078213                                              1019.01                 6/1/2007                  102900                                  102833.91       Cash Out Refinance                                 11.5       Full Documentation                         CC                                147000                    147000                         0                         102900       2% of ppd amt
961078214                                               946.19                 6/1/2007                   93100                                    93072.4       Cash Out Refinance                                11.84       Stated Income Documentation                C                                 133000                    133000                         0                          93100       6 mo int on 80%
961078270                                              1770.17                 6/1/2007                  220000                                  219636.78       Cash Out Refinance                                    9       Stated Income Documentation                AA+                               315000                    315000                         0                      219758.76       6 mo int on 80%
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                1,603                                                            346,964,222.85                             346,745,441.42
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

061082188                                               913.09                 6/1/2007                  105600                                  105551.51       Purchase                                          9.825       Stated Income Documentation                AA+                               132000                    132000                    132000                         105600       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082272                                              1415.03                 6/1/2007                  179055                                  178953.04       Purchase                                            8.8       Full Documentation                         AA+                               206500                    206500                    198951                         179055       6 mo int on 80%
061082300                                              2392.71                 6/1/2007                  258400                                  258300.59       Purchase                                          10.65       Full Documentation                         AA+                               304000                    304000                    304000                         258400       6 mo int on 80%
061082391                                               574.86                 6/1/2007                   56950                                   56932.78       Rate/Term Refinance                               11.75       Stated Income Documentation                AA+                                67000                     67000                         0                          56950       6 mo int on 80%
061082392                                               592.02                 6/1/2007                   58650                                   58632.26       Rate/Term Refinance                               11.75       Stated Income Documentation                AA+                                69000                     69000                         0                          58650       6 mo int on 80%
061082486                                               644.26                 6/1/2007                   66592                                   66569.27       Purchase                                           11.2       Full Documentation                         AA+                                96000                     96000                     74000                          66592       None
061082530                                               749.92                 7/1/2007                   78000                                   77776.58       Rate/Term Refinance                                 8.1       Full Documentation                         AA+                               178000                    178000                         0                       77776.58       6 mo int on 80%
061082571                                               748.83                 6/1/2007                   76500                                   76474.73       Purchase                                          11.35       Business Bank Statements                   AA+                                90000                     90000                     90000                          76500       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082676                                              1408.28                 6/1/2007                  204000                                  203844.62       Purchase                                           7.37       Full Documentation                         AA+                               283000                    283000                    255000                         204000       6 mo int on 80%
061082686                                              1261.76                 6/1/2007                  125000                                   124962.2       Rate/Term Refinance                               11.75       Full Documentation                         CC                                195000                    195000                         0                         125000       6 mo int on 80%
061082705                                               795.71                 6/1/2007                   79190                                   79141.23       Purchase                                          11.69       Full Documentation                         AA                                 88000                     88000                     88000                       79165.73       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082778                                              1043.69                 6/1/2007                  111000                                  110975.26       Rate/Term Refinance                               11.15       Full Documentation                         AA+                               132000                    132000                         0                      110987.69       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082811                                               633.51                 6/1/2007                   63000                                   62980.74       Purchase                                           11.7       Full Documentation                         AA+                                72000                     72000                     70000                          63000       None
061082871                                               522.37                 6/1/2007                   53994                                   53975.57       Cash Out Refinance                                 11.2       Full Documentation                         AA+                                73000                     60000                         0                          53994       None
061082936                                               825.39                 6/1/2007                   81000                                   80976.17       Cash Out Refinance                               11.875       Stated Income Documentation                AA+                                90000                     90000                         0                          81000       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082953                                               538.98                 6/1/2007                   58500                                   58477.19       Purchase                                         10.588       Full Documentation                         AA+                                70000                     65000                     65000                          58500       6 mo int on 80%
061082988                                              1294.64                 6/1/2007                  177280                                  176667.51       Purchase                                           7.95       Full Documentation                         AA+                               197000                    197000                    197000                      176790.91       PIF - 1% of OPB ; Partial - 1% of amt ppd
061082999                                               510.12                 6/1/2007                   50250                                   50235.05       Cash Out Refinance                               11.825       Stated Income Documentation                AA+                                67000                     67000                         0                          50250       None
061083020                                               802.49                 7/1/2007                   79200                                   79176.31       Purchase                                           11.8       Stated Income Documentation                AA+                                96900                     88000                     88000                          79200       PIF - 1% of OPB ; Partial - 1% of amt ppd
061083072                                               527.68                 6/1/2007                   51300                                   51285.32       Purchase                                             12       Full Documentation                         B                                  59000                     57000                     57000                          51300       6 mo int on 80%
061083102                                               795.22                 6/1/2007                   77600                                   77577.55       Purchase                                          11.95       Stated Income Documentation                AA                                 97000                     90000                     97000                          77600       PIF - 1% of OPB ; Partial - 1% of amt ppd
061083229                                                679.6                 6/1/2007                  100000                                    99921.4       Cash Out Refinance                                7.212       Full Documentation                         A                                 135000                    135000                         0                         100000       6 mo int on 80%
061083305                                               780.22                 6/1/2007                   93600                                   93552.98       Purchase                                            9.4       Full Documentation                         AA+                               117000                    110000                    117000                          93600       PIF - 1% of OPB ; Partial - 1% of amt ppd
061083318                                               782.27                 7/1/2007                   82800                                   82769.83       Rate/Term Refinance                                10.9       Full Documentation                         AA+                                92000                     92000                         0                       82769.83       6 mo int on 80%
061083323                                               579.54                 6/1/2007                   57800                                   57782.18       Purchase                                         11.662       Full Documentation                         AA+                                68000                     68000                     68000                          57800       None
111003329                                               2824.1                 7/1/2007                  394200                                  393641.75       Purchase                                           7.75       Full Documentation                         AA+                               438000                    438000                    438000                      393921.77       6 mo int on 80%
111003330                                              1997.09                 7/1/2007                  344000                                  343846.46       Cash Out Refinance                                6.431       Full Documentation                         AA+                               430000                    430000                         0                      343846.46       6 mo int on 80%
111003368                                              1000.77                 6/1/2007                  127500                                  127426.26       Purchase                                          8.725       Full Documentation                         AA+                               150000                    150000                    150000                         127500       6 mo int on 80%
111003452                                              1892.64                 6/1/2007                  327250                                  327102.69       Cash Out Refinance                                  6.4       Full Documentation                         A                                 385000                    385000                         0                         327250       6 mo int on 80%
111003458                                              1804.83                 7/1/2007                  297004                                  296723.08       Cash Out Refinance                                 6.81       Full Documentation                         AA+                               410000                    410000                         0                      296863.94       6 mo int on 80%
111003469                                              5623.33                 6/1/2007                  749999                                  749864.33       Cash Out Refinance                                 8.89       Stated Income Documentation                AA+                               950000                    950000                         0                      749931.91       6 mo int on 80%
111003511                                              4542.03                 6/1/2007                  702000                                  701757.72       Cash Out Refinance                                 7.35       Full Documentation                         AA+                               780000                    780000                         0                         702000       6 mo int on 80%
111003517                                              2486.15                 6/1/2007                  371520                                  371402.29       Cash Out Refinance                                 7.65       Full Documentation                         AA+                               575000                    575000                         0                         371520       None
111003528                                              1357.29                 7/1/2007                  216990                                  216789.82       Cash Out Refinance                                  6.4       Full Documentation                         A                                 480000                    480000                         0                      216789.82       6 mo int on 80%
121054554                                              3196.64                 6/1/2007                  430525                                  430243.37       Cash Out Refinance                                8.125       Full Documentation                         AA                                506500                    460000                         0                         430525       2 mo int or 60 days int on UPB
121054711                                              2860.68                 6/1/2007                  288873                                  288687.49       Purchase                                           11.5       Stated Income Documentation                AA+                               324000                    324000                    320970                      288780.69       None
121054886                                              5170.55                 6/1/2007                  607000                                  606710.74       Rate/Term Refinance                                9.65       Full Documentation                         AA                                730000                    730000                         0                         607000       2 mo int or 60 days int on UPB
151041759                                              1160.88                 6/1/2007                  111000                                  110875.12       Cash Out Refinance                                 11.2       Full Documentation                         B                                 355000                    355000                         0                         111000       6 mo int on 80%
151042471                                               980.66                 7/1/2007                  115200                                  115186.74       Purchase                                          10.15       Full Documentation                         AA+                               220000                    220000                    128000                       115193.4       None
151042599                                               1010.6                 7/1/2007                  105700                                  105662.72       Rate/Term Refinance                               11.05       Full Documentation                         AA                                130000                    130000                         0                         105700       6 mo int on 80%
151043280                                              5044.04                 7/1/2007                  649995                                  649220.75       Cash Out Refinance                                  8.6       Stated Income Documentation                AA+                               870000                    870000                         0                      649609.26       6 mo int on 80%
151043438                                               4134.2                 7/1/2007                  463200                                  463075.66       Purchase                                          10.55       Stated Income Documentation                AA+                               580000                    580000                    579000                       463138.1       None
151043556                                              1116.61                 7/1/2007                  104700                                     104646       Purchase                                          12.49       Full Documentation                         AA                                117000                    117000                    116375                      104673.14       None
151043559                                              1413.55                 6/1/2007                  160400                                   160329.8       Purchase                                          10.05       Stated Income Documentation                AA+                               200500                    200500                    200500                         160400       6 mo int on 80%
151043646                                                685.8                 6/1/2007                   86000                                   85903.71       Cash Out Refinance                                  8.9       Full Documentation                         A                                 125000                    125000                         0                       85952.03       6 mo int on 80%
151043773                                              1930.16                 6/1/2007                  220500                                  220203.03       Purchase                                           9.97       Stated Income Documentation                AA+                               255000                    245000                    245000                      220401.83       None
151043917                                               862.66                 6/1/2007                  104400                                  104346.44       Cash Out Refinance                                  9.3       Full Documentation                         B                                 130500                    130500                         0                         104400       None
151043972                                              1681.36                 6/1/2007                  232000                                   231679.3       Cash Out Refinance                                 7.87       Stated Income Documentation                AA                                290000                    290000                         0                      231840.17       6 mo int on 80%
151044058                                              2004.52                 6/1/2007                  315000                                  314951.11       Purchase                                           7.45       Business Bank Statements                   AA+                               465000                    465000                    454000                         315000       None
151044307                                               957.56                 7/1/2007                  130500                                   130324.3       Cash Out Refinance                                    8       Full Documentation                         AA+                               145000                    145000                         0                      130412.44       6 mo int on 80%
151044336                                               2459.5                 6/1/2007                  292500                                  292356.13       Purchase                                            9.5       Full Documentation                         AA+                               327000                    327000                    325000                         292500       None
151044356                                              6982.25                 6/1/2007                  845000                                   844566.5       Cash Out Refinance                                  9.3       Business Bank Statements                   AA+                              1300000                   1300000                         0                         845000       None
151044358                                              3889.08                 6/1/2007                  420000                                  419838.42       Cash Out Refinance                                10.65       Business Bank Statements                   AA+                               560000                    560000                         0                         420000       None
151044366                                              4365.03                 6/1/2007                  499500                                  499276.66       Purchase                                           9.95       Stated Income Documentation                AA+                               555000                    555000                    555000                         499500       None
151044377                                              3762.11                 6/1/2007                  460000                                  459835.12       Cash Out Refinance                                  9.6       Stated Income Documentation                AA+                               650000                    590000                         0                      459917.89       None
151044379                                               495.26                 6/1/2007                   50400                                   50366.92       Purchase                                           11.4       Stated Income Documentation                AA+                                63000                     63000                     63000                       50383.54       6 mo int on 80%
151044391                                              1164.46                 6/1/2007                  164800                                  164709.31       Cash Out Refinance                                 8.15       Full Documentation                         AA+                               206000                    206000                         0                      164754.81       6 mo int on 80%
151044464                                                988.5                 7/1/2007                  140000                                  139898.17       Cash Out Refinance                                  7.6       Full Documentation                         AA+                               182000                    182000                         0                      139898.17       6 mo int on 80%
151044566                                              2148.68                 6/1/2007                  263500                                  263360.51       Purchase                                           9.15       Full Documentation                         AA+                               325000                    325000                    310000                         263500       None
151044571                                               2765.7                 6/1/2007                  331200                                  331160.84       Purchase                                           9.95       Full Documentation                         AA+                               373000                    373000                    373000                       331180.5       None
151044572                                               4326.5                 6/1/2007                  550000                                  549917.52       Cash Out Refinance                                 9.35       Stated Income Documentation                AA+                               650000                    650000                         0                      549958.92       None
151044605                                              4427.13                 6/1/2007                  517500                                     517256       Cash Out Refinance                                  9.7       Stated Income Documentation                AA+                               575000                    575000                         0                         517500       None
151044606                                               815.05                 7/1/2007                  106000                                  105935.78       Cash Out Refinance                                  8.5       Full Documentation                         AA+                               138000                    138000                         0                         106000       6 mo int on 80%
151044659                                              1048.82                 7/1/2007                  112500                                  112487.12       Purchase                                          11.05       Stated Income Documentation                AA+                               125000                    125000                    125000                         112500       6 mo int on 80%
151044662                                              2508.73                 5/1/2007                  292000                                  291726.43       Purchase                                           9.75       Stated Income Documentation                AA+                               365000                    365000                    365000                         292000       None
151044665                                              2224.38                 6/1/2007                  266850                                  266715.95       Purchase                                            9.4       Full Documentation                         AA+                               297000                    297000                    296500                         266850       None
151044724                                               840.11                 7/1/2007                   82600                                   82575.57       Cash Out Refinance                                11.85       Stated Income Documentation                A                                 118000                    112000                         0                          82600       6 mo int on 80%
151044729                                              3563.06                 7/1/2007                  425500                                  425429.59       Cash Out Refinance                                 9.85       Business Bank Statements                   AA+                               501000                    501000                         0                         425500       None
151044748                                              1900.87                 6/1/2007                214497.5                                  214438.48       Purchase                                          10.47       Stated Income Documentation                AA+                               274000                    274000                    252350                      214468.12       None
151044864                                               910.26                 7/1/2007                  100000                                   99959.74       Cash Out Refinance                                10.44       Full Documentation                         B                                 145000                    145000                         0                       99959.74       6 mo int on 80%
151044880                                              3060.12                 6/1/2007                  297500                                  297414.88       Purchase                                             12       Stated Income Documentation                AA                                350000                    350000                    350000                         297500       None
161053902                                              7264.46                 6/1/2007                 1170000                                 1169388.15       Cash Out Refinance                                 7.25       Full Documentation                         AA+                              2175000                   1800000                         0                     1169586.36       None
161054338                                              3508.82                 6/1/2007                  444000                                  443747.18       Rate/Term Refinance                                 8.8       Stated Income Documentation                AA+                               635000                    635000                         0                         444000       None
161054348                                              1238.78                 6/1/2007                  160000                                  159904.55       Cash Out Refinance                                8.575       Full Documentation                         A                                 300000                    275000                         0                         160000       None
161054506                                                 5459                 7/1/2007                  630000                                  629712.25       Cash Out Refinance                                 9.85       Business Bank Statements                   AA+                               900000                    725000                         0                         630000       None
161054527                                              2191.02                 6/1/2007                  264000                                  263865.98       Cash Out Refinance                                 9.35       Stated Income Documentation                AA+                               380000                    330000                         0                         264000       None
161054540                                               6379.5                 6/1/2007                  800000                                  799553.83       Rate/Term Refinance                                 8.9       Stated Income Documentation                AA+                              1000000                   1000000                         0                         800000       None
161054599                                              4422.29                 7/1/2007                  506700                                  506626.88       Cash Out Refinance                                 10.3       Full Documentation                         A                                 563000                    563000                         0                      506626.88       None
161054668                                              2949.34                 6/1/2007                  337500                                   337349.1       Purchase                                           9.95       Full Documentation                         AA+                               385000                    385000                    375000                         337500       None
171043665                                              1558.21                 6/1/2007                  175500                                  175492.04       Purchase                                           10.6       Stated Income Documentation                AA+                               195000                    195000                    195000                         175500       None
171043712                                              1670.27                 6/1/2007                  228600                                  228554.94       Purchase                                           8.65       Stated Income Documentation                AA+                               254000                    254000                    254000                      228577.55       6 mo int on 80%
171043837                                              1593.77                 7/1/2007                  273550                                  273488.72       Purchase                                           6.75       Stated Income Documentation                AA+                               307000                    307000                    303944                         273550       6 mo int on 80%
171043970                                              1118.51                 6/1/2007                  133600                                  133533.59       Cash Out Refinance                                 9.45       Full Documentation                         C                                 167000                    167000                         0                         133600       6 mo int on 80%
171043974                                              3373.56                 6/1/2007                  465000                                  464881.44       Cash Out Refinance                                  8.4       Full Documentation                         AA+                               520000                    520000                         0                         465000       6 mo int on 80%
171044059                                              1008.86                 6/1/2007                  151600                                  151551.27       Cash Out Refinance                                  7.6       Full Documentation                         A                                 205000                    205000                         0                         151600       6 mo int on 80%
171044083                                              1498.68                 6/1/2007                  275000                                  274933.61       Cash Out Refinance                                 6.25       Full Documentation                         AA+                               550000                    550000                         0                         275000       6 mo int on 80%
171044192                                              1246.28                 6/1/2007                  180000                                  179863.72       Rate/Term Refinance                                 7.4       Full Documentation                         AA+                               225000                    225000                         0                         180000       6 mo int on 80%
171044248                                               1420.1                 6/1/2007                  188800                                  188756.57       Cash Out Refinance                                 8.75       Full Documentation                         AA                                236000                    236000                         0                         188800       None
171044291                                              1551.95                 7/1/2007                  223596                                  223258.06       Purchase                                          7.425       Full Documentation                         AA+                               280000                    280000                    279495                      223427.55       6 mo int on 80%
171044318                                              1636.71                 7/1/2007                  237957                                  237816.22       Purchase                                            7.9       Stated Income Documentation                AA+                               300000                    300000                    297447                      237886.84       6 mo int on 80%
171044343                                               2198.3                 6/1/2007                  324000                                     323959       Purchase                                           7.99       Full Documentation                         AA+                               360000                    360000                    360000                         324000       6 mo int on 80%
171044366                                              1083.31                 8/1/2007                  157500                                  157453.56       Cash Out Refinance                                  7.9       Full Documentation                         AA                                210000                    210000                         0                         157500       6 mo int on 80%
171044385                                              1952.67                 6/1/2007                  290009                                  289776.81       Cash Out Refinance                                7.119       Full Documentation                         AA                                395000                    395000                         0                         290009       6 mo int on 80%
171044405                                              4777.94                 6/1/2007                  720000                                  719902.06       Cash Out Refinance                                  7.8       Full Documentation                         AA+                               825000                    825000                         0                         720000       None
191038570                                              1153.03                 6/1/2007                  152000                                  151973.84       Purchase                                              9       Full Documentation                         AA+                               210000                    210000                    190000                         152000       6 mo int on 80%
191038851                                              1003.37                 6/1/2007                  143500                                  143393.51       Cash Out Refinance                                  7.5       Stated Income Documentation                AA+                               205000                    205000                         0                         143500       6 mo int on 80%
191038986                                              2653.83                 6/1/2007                  395250                                  395146.12       Purchase                                            7.9       Full Documentation                         AA+                               470000                    470000                    465000                      395198.23       None
191039079                                              6611.69                 7/1/2007                  900000                                  899659.87       Rate/Term Refinance                                 8.7       Stated Income Documentation                AA                               1200000                   1200000                         0                      899780.73       6 mo int on 80%
191039104                                              3599.31                 6/1/2007                  477000                                  476916.31       Cash Out Refinance                                 8.95       Lite Documentation                         AA+                               530000                    530000                         0                      476958.31       6 mo int on 80%
191039167                                               976.28                 7/1/2007                  128700                                  128688.97       Cash Out Refinance                                    9       Full Documentation                         AA+                               143000                    143000                         0                      128688.97       6 mo int on 80%
191039173                                               967.77                 6/1/2007                  108900                                  108853.34       Purchase                                          10.15       Full Documentation                         AA+                               121000                    121000                    120000                         108900       6 mo int on 80%
191039183                                              1323.56                 6/1/2007                  175500                                     175500       Purchase                                           9.05       Stated Income Documentation                AA+                               228000                    195000                    195000                         175500       None
191039221                                              2581.37                 6/1/2007                  321750                                  321689.01       Purchase                                            9.4       Full Documentation                         AA+                               364400                    364400                    357500                         321750       6 mo int on 80%
191039300                                               1047.9                 6/1/2007                  100000                                   99972.93       Cash Out Refinance                                12.25       Stated Income Documentation                B                                 160000                    160000                         0                         100000       6 mo int on 80%
191039304                                              4052.12                 6/1/2007                  510000                                  509900.38       Cash Out Refinance                                  9.3       Full Documentation                         AA+                               601000                    601000                         0                         510000       6 mo int on 80%
191039334                                              3605.42                 6/1/2007                  438750                                  438672.86       Cash Out Refinance                                 9.65       Stated Income Documentation                A                                 585000                    585000                         0                         438750       6 mo int on 80%
191039353                                              1366.41                 7/1/2007                  200000                                  199975.26       Purchase                                           8.05       Full Documentation                         AA+                               309000                    309000                    308000                         200000       6 mo int on 80%
191039394                                              3031.56                 6/1/2007                  436000                                  435875.11       Cash Out Refinance                                    8       Full Documentation                         A                                 562000                    562000                         0                         436000       6 mo int on 80%
191039442                                              3074.12                 7/1/2007                  408700                                  408511.28       Purchase                                           8.75       Full Documentation                         AA+                               460000                    460000                    454115                      408511.28       6 mo int on 80%
191039493                                               1531.1                 6/1/2007                  175950                                  175780.24       Purchase                                            9.9       Full Documentation                         AA+                               195950                    195950                    195950                      175860.49       6 mo int on 80%
211054563                                              1741.56                 6/1/2007                  201500                                     201314       Cash Out Refinance                                 9.82       Full Documentation                         CC                                310000                    310000                         0                      201407.38       None
211055585                                              2921.88                 6/1/2007                  467500                                     467500       Cash Out Refinance                                  7.5       Full Documentation                         AA+                               550000                    495000                         0                         467500       None
211056222                                               838.09                 7/1/2007                  108000                                  107935.91       Cash Out Refinance                                  8.6       Full Documentation                         AA                                210900                    210900                         0                         108000       2% of ppd amt
211056375                                              2595.08                 6/1/2007                  337500                                  337295.55       Cash Out Refinance                                  8.5       Full Documentation                         AA+                               375000                    375000                         0                         337500       None
211056600                                              2046.74                 6/1/2007                  400000                                  399886.59       Cash Out Refinance                                  5.8       Full Documentation                         AA+                               475000                    475000                         0                         400000       2 mo int on 66% if less than 8%
211057077                                              2302.71                 6/1/2007                  315800                                     315800       Purchase                                           8.75       Stated Income Documentation                AA+                               491000                    491000                    394785                         315800       6 mo int on 80%
211057140                                              2423.95                 7/1/2007                  309600                                  309229.69       Purchase                                           9.15       Full Documentation                         AA+                               393000                    393000                    344000                      309415.55       None
211057306                                              2600.63                 6/1/2007                  452250                                  452155.59       Rate/Term Refinance                                6.65       Full Documentation                         AA+                               603000                    603000                         0                         452250       2 mo int on 66% if less than 8%
211057312                                              3354.75                 6/1/2007                  460000                                  459768.02       Cash Out Refinance                                 8.45       Stated Income Documentation                AA+                               877000                    877000                         0                      459884.42       None
211057369                                              1734.98                 6/1/2007                  276000                                  275910.77       Rate/Term Refinance                                7.35       Full Documentation                         AA                                345000                    345000                         0                      275955.52       2 mo int on 66% if less than 8%
211057378                                              1113.48                 7/1/2007                  131850                                  131785.83       Purchase                                           9.55       Full Documentation                         AA+                               147000                    147000                    146500                         131850       2% of ppd amt
211057396                                              1470.37                 7/1/2007                  206550                                   206494.5       Cash Out Refinance                                 8.22       Full Documentation                         AA                                243000                    243000                         0                         206550       None
211057435                                              5089.03                 6/1/2007                  650000                                  649733.43       Cash Out Refinance                                 9.15       Full Documentation                         A                                 900000                    900000                         0                      649867.22       2% of ppd amt
211057448                                              1105.96                 6/1/2007                  144500                                  144411.56       Rate/Term Refinance                                8.45       Full Documentation                         AA+                               170000                    170000                         0                         144500       2% of ppd amt
211057577                                              2733.96                 7/1/2007                  337500                                  337375.34       Purchase                                            9.5       Full Documentation                         AA+                               375000                    375000                    375000                      337375.34       None
211057648                                               2764.1                 6/1/2007                  484500                                  484396.61       Cash Out Refinance                                 6.59       Full Documentation                         AA+                               570000                    570000                         0                         484500       2 mo int on 66% if less than 8%
211057771                                              2367.16                 5/1/2007                  260910                                   260697.2       Purchase                                           10.4       Stated Income Documentation                AA+                               318000                    318000                    289900                         260910       None
211057967                                              2531.16                 6/1/2007                  300163                                  300114.44       Purchase                                          9.925       Full Documentation                         AA                                334000                    334000                    333515                         300163       2% of ppd amt
211057983                                              4996.58                 6/1/2007                  649823                                  649429.33       Purchase                                            8.5       Business Bank Statements                   AA+                               726000                    726000                    722026                         649823       2% of ppd amt
231092903                                              1352.97                 7/1/2007                  168300                                  168207.88       Purchase                                           8.99       Stated Income Documentation                AA+                               192500                    192500                    187000                      168207.88       None
231093204                                              3819.89                 7/1/2007                  563000                                  562852.35       Purchase                                           7.99       Stated Income Documentation                AA+                               630000                    630000                    626460                         563000       6 mo int on 80%
231093396                                              2332.51                 6/1/2007                  292500                                  292336.87       Purchase                                            8.9       Full Documentation                         AA+                               328000                    328000                    325000                         292500       None
231093450                                               3361.5                 7/1/2007                  423000                                  422969.63       Cash Out Refinance                                 9.45       Stated Income Documentation                AA+                               470000                    470000                         0                         423000       None
231093495                                               476.16                 7/1/2007                   50000                                   49964.18       Cash Out Refinance                                   11       Stated Income Documentation                AA+                                94000                     94000                         0                       49982.17       6 mo int on 80%
231093574                                              1825.51                 6/1/2007                  289520                                  289413.52       Purchase                                          7.125       No Documentation                           AA+                               363000                    363000                    361900                         289520       2% of ppd amt
231093694                                               951.43                 6/1/2007                  109800                                  109749.85       Purchase                                           9.85       Full Documentation                         AA+                               130000                    130000                    122000                         109800       None
231093718                                              3142.23                 6/1/2007                  436500                                  436195.02       Cash Out Refinance                                  7.8       Stated Income Documentation                AA+                               485000                    485000                         0                         436500       None
231093994                                              6501.61                 7/1/2007                  834000                                  833510.14       Cash Out Refinance                                 8.65       Stated Income Documentation                AA+                              1400000                   1400000                         0                         834000       None
231094012                                              2173.78                 6/1/2007                  288000                                  287818.22       Purchase                                            8.3       Full Documentation                         AA+                               322000                    322000                    320000                         288000       None
231094015                                              7777.33                 6/1/2007                  955500                                  955326.86       Purchase                                           9.55       Stated Income Documentation                AA+                              1400000                   1400000                   1365000                         955500       None
231094047                                              6488.56                 6/1/2007                  740000                                  739671.94       Rate/Term Refinance                                9.99       Stated Income Documentation                AA+                               925000                    925000                         0                         740000       6 mo int on 80%
231094085                                              2960.24                 6/1/2007                  318750                                   318738.2       Purchase                                           11.1       Stated Income Documentation                AA+                               378000                    378000                    375000                         318750       None
231094095                                              1577.05                 7/1/2007                  165600                                  165540.95       Purchase                                             11       Stated Income Documentation                A                                 207000                    207000                    207000                         165600       6 mo int on 80%
231094097                                              3707.93                 6/1/2007                  530300                                  529906.45       Cash Out Refinance                                  7.5       Full Documentation                         AA+                               640000                    640000                         0                         530300       None
231094137                                              3902.62                 6/1/2007                  540000                                  539944.88       Cash Out Refinance                                 8.55       Full Documentation                         AA+                               600000                    600000                         0                         540000       6 mo int on 80%
231094146                                              3023.46                 6/1/2007                  420000                                  419706.54       Purchase                                            7.8       Full Documentation                         AA+                               550000                    550000                    525000                         420000       6 mo int on 80%
231094564                                              3643.79                 6/1/2007                  459000                                  458480.77       Cash Out Refinance                                 8.85       Full Documentation                         AA+                               510000                    510000                         0                      458741.34       None
231094718                                              4421.93                 6/1/2007                  540000                                  539965.57       Cash Out Refinance                                 9.75       Stated Income Documentation                AA+                               725000                    600000                         0                         540000       None
231094789                                              2421.42                 6/1/2007                  269100                                  268988.36       Purchase                                           10.3       Stated Income Documentation                AA                                325000                    325000                    299000                         269100       None
231094914                                              1710.55                 7/1/2007                  252000                                  251801.45       Cash Out Refinance                                  7.2       Full Documentation                         AA+                               280000                    280000                         0                         252000       6 mo int on 80%
231094943                                              1518.73                 6/1/2007                  193050                                  192938.93       Purchase                                           8.75       Stated Income Documentation                AA+                               222000                    222000                    214500                         193050       None
231094958                                              6255.77                 6/1/2007                  734400                                  734050.03       Purchase                                           9.65       Stated Income Documentation                AA+                               830000                    830000                    816000                         734400       6 mo int on 80%
331052946                                              5039.09                 6/1/2007                  700000                                  699510.91       Purchase                                            7.8       Stated Income Documentation                AA+                               975000                    975000                    935000                         700000       6 mo int on 80%
331054492                                              3712.06                 7/1/2007                  485000                                  484703.15       Cash Out Refinance                                 8.45       Business Bank Statements                   AA+                               725000                    725000                         0                         485000       6 mo int on 80%
331056014                                              4420.35                 6/1/2007                  620000                                  619557.98       Cash Out Refinance                                  7.7       Business Bank Statements                   A                                1040000                   1040000                         0                         620000       6 mo int on 80%
331056409                                               1956.6                 6/1/2007                  361500                                  361411.15       Cash Out Refinance                                  6.2       Full Documentation                         AA+                               545000                    545000                         0                         361500       None
331056507                                              4106.31                 6/1/2007                  495000                                  494915.57       Purchase                                           9.75       Full Documentation                         AA+                               550000                    530000                    550000                         495000       None
331056620                                              4603.28                 6/1/2007                  612000                                  611574.57       Purchase                                           8.75       Full Documentation                         AA+                               680000                    680000                    680000                      611717.41       None
331056705                                              7571.64                 6/1/2007                 1062000                                 1061242.86       Purchase                                            7.7       Business Bank Statements                   AA+                              1800000                   1800000                   1770000                        1062000       6 mo int on 80%
331056787                                              4739.29                 6/1/2007                  675000                                  674847.14       Cash Out Refinance                                 8.29       Stated Income Documentation                AA+                               750000                    750000                         0                      674923.83       None
331057040                                              3206.67                 6/1/2007                  436500                                  436415.61       Cash Out Refinance                                  8.7       Full Documentation                         AA+                               485000                    485000                         0                      436457.96       None
331057163                                              5664.24                 6/1/2007                  720000                                   719168.5       Cash Out Refinance                                 8.75       Business Bank Statements                   AA+                               800000                    800000                         0                      719585.76       6 mo int on 80%
331057208                                              4456.03                 6/1/2007                  696000                                  695893.97       Cash Out Refinance                                  7.5       Stated Income Documentation                AA+                               870000                    870000                         0                         696000       None
331057234                                              3614.53                 6/1/2007                  575000                                  574741.39       Cash Out Refinance                                 7.35       Full Documentation                         AA+                               725000                    725000                         0                      574835.06       6 mo int on 80%
331057269                                               4450.6                 6/1/2007                  655200                                   655117.4       Purchase                                              8       Stated Income Documentation                AA+                               750000                    750000                    728000                         655200       6 mo int on 80%
331057290                                              5006.35                 6/1/2007                  749999                                  749898.89       Cash Out Refinance                                 7.85       Full Documentation                         AA+                               955000                    955000                         0                         749999       None
331057319                                              4454.68                 6/1/2007                  688500                                  688262.38       Cash Out Refinance                                 7.35       Full Documentation                         AA+                               765000                    765000                         0                         688500       None
331057378                                              1537.38                 6/1/2007                  205600                                  205467.55       Purchase                                            8.2       No Documentation                           AA+                               365000                    257000                    257000                         205600       None
331057382                                              4741.33                 6/1/2007                  668250                                  667768.76       Purchase                                           7.65       Full Documentation                         AA+                               750000                    750000                    742500                         668250       6 mo int on 80%
331057398                                              3325.76                 6/1/2007                  463250                                  463128.39       Cash Out Refinance                                  8.3       Stated Income Documentation                AA+                               545000                    545000                         0                         463250       None
331057413                                              4142.09                 6/1/2007                  553500                                  553370.79       Cash Out Refinance                                  8.7       Full Documentation                         B                                 615000                    615000                         0                         553500       None
331057476                                              3445.15                 6/1/2007                  459000                                   458917.9       Cash Out Refinance                                  8.9       Full Documentation                         AA                                510000                    510000                         0                         459000       None
331057620                                              3311.98                 7/1/2007                  400500                                  400475.46       Purchase                                           9.85       Stated Income Documentation                AA+                               445000                    445000                    445000                         400500       6 mo int on 80%
331057623                                              2703.23                 6/1/2007                  435000                                  434834.27       Cash Out Refinance                                    7       Full Documentation                         AA+                               590000                    590000                         0                         435000       None
331057741                                              4653.58                 6/1/2007                  620000                                  619944.75       Cash Out Refinance                                  8.9       Stated Income Documentation                AA+                               730000                    730000                         0                         620000       None
331057742                                              4598.47                 6/1/2007                  548550                                  548518.21       Purchase                                           9.99       Stated Income Documentation                AA+                               620000                    620000                    609500                         548550       None
331057743                                              4209.15                 6/1/2007                  552500                                  552158.35       Cash Out Refinance                                  8.4       Full Documentation                         A                                 650000                    650000                         0                         552500       None
331057755                                              6650.25                 6/1/2007                  749700                                   749631.4       Purchase                                          10.59       Stated Income Documentation                AA+                               860000                    860000                    833000                      749665.85       None
331057826                                              5121.68                 6/1/2007                  660000                                  659608.32       Cash Out Refinance                                  8.6       Stated Income Documentation                AA+                               825000                    825000                         0                         660000       6 mo int on 80%
331057830                                              4403.66                 6/1/2007                  576000                                  575646.58       Cash Out Refinance                                8.438       Stated Income Documentation                AA+                               720000                    720000                         0                         576000       6 mo int on 80%
331057841                                              1946.22                 6/1/2007                  206460                                  206307.93       Purchase                                         10.872       Stated Income Documentation                AA+                               230000                    230000                    229900                      206384.31       None
331057844                                              3893.02                 7/1/2007                  500000                                  499961.15       Cash Out Refinance                                 9.25       Stated Income Documentation                AA+                               625000                    625000                         0                      499961.15       None
331057852                                              3380.19                 6/1/2007                  562500                                  562396.37       Cash Out Refinance                                 6.99       Stated Income Documentation                AA+                               750000                    750000                         0                         562500       None
331057853                                              4904.03                 6/1/2007                  585000                                   584966.1       Cash Out Refinance                                 9.99       Stated Income Documentation                AA+                               660000                    660000                         0                         585000       6 mo int on 80%
331057874                                              1891.03                 6/1/2007                  323000                                  322858.55       Cash Out Refinance                                  6.5       Full Documentation                         AA+                               910000                    910000                         0                         323000       6 mo int on 80%
331057980                                              5309.37                 6/1/2007                  840000                                  839240.63       Cash Out Refinance                                  6.5       Full Documentation                         AA+                              1240000                   1000000                         0                         840000       6 mo int on 80%
331058001                                              6106.75                 6/1/2007                  720000                                  719653.25       Cash Out Refinance                                  9.6       Stated Income Documentation                AA+                               900000                    900000                         0                         720000       None
331058009                                              1327.61                 6/1/2007                  175200                                  175184.93       Rate/Term Refinance                                8.99       Stated Income Documentation                AA+                               219000                    219000                         0                         175200       6 mo int on 80%
331058056                                              4835.66                 7/1/2007                  570000                                  569909.59       Cash Out Refinance                                 9.99       Stated Income Documentation                AA+                               760000                    655000                         0                         570000       None
331058067                                              2874.37                 6/1/2007                  446250                                  446183.29       Cash Out Refinance                                 7.55       Stated Income Documentation                AA+                               595000                    595000                         0                         446250       6 mo int on 80%
331058078                                              3847.78                 7/1/2007                  459000                                   458973.4       Purchase                                           9.99       Stated Income Documentation                AA+                               510000                    510000                    510000                         459000       6 mo int on 80%
331058081                                              3212.79                 6/1/2007                  514250                                  514165.56       Rate/Term Refinance                                 7.3       Full Documentation                         AA+                               605000                    605000                         0                         514250       None
331058087                                              3790.55                 6/1/2007                  603000                                  602902.83       Cash Out Refinance                                 7.35       Full Documentation                         AA+                               670000                    670000                         0                         603000       None
331058090                                              1913.17                 6/1/2007                  303000                                  302449.36       Cash Out Refinance                                 6.49       Full Documentation                         AA                                470000                    470000                         0                      302725.29       6 mo int on 80%
331058098                                              4390.27                 6/1/2007                  517500                                  517417.92       Purchase                                           9.99       Full Documentation                         AA                                575000                    560000                    575000                         517500       None
331058134                                              3364.54                 6/1/2007                  416000                                  415972.13       Purchase                                          9.625       Stated Income Documentation                AA+                               520000                    520000                    520000                         416000       None
331058232                                              3689.15                 6/1/2007                  508500                                  508370.35       Purchase                                            8.4       Stated Income Documentation                AA                                690000                    690000                    678000                         508500       None
331058251                                              1763.11                 6/1/2007                  293400                                  293345.95       Cash Out Refinance                                 6.99       Full Documentation                         AA+                               326000                    326000                         0                         293400       6 mo int on 80%
331058308                                              2262.25                 7/1/2007                  300000                                   299931.5       Purchase                                          8.775       Stated Income Documentation                AA+                               541000                    541000                    540645                         300000       6 mo int on 80%
331058459                                              2281.05                 6/1/2007                  265500                                  265376.14       Purchase                                           9.75       Stated Income Documentation                AA+                               320000                    320000                    295000                         265500       6 mo int on 80%
341044038                                              1481.52                 6/1/2007                  147050                                  146960.12       Purchase                                         11.725       Full Documentation                         AA+                               180000                    180000                    173000                      147005.28       None
341044216                                               1297.4                 7/1/2007                  138150                                   138047.2       Purchase                                         10.825       Full Documentation                         AA+                               156000                    156000                    153500                      138098.83       None
341044300                                              1550.56                 7/1/2007                  198900                                  198665.52       Purchase                                           8.65       Full Documentation                         AA+                               222000                    222000                    221000                      198783.18       None
341044404                                               912.93                 6/1/2007                  115000                                  114869.92       Purchase                                           8.85       No Documentation                           AA+                               199900                    199900                    175000                       114935.2       None
341044530                                              1085.32                 6/1/2007                  174800                                  174741.16       Cash Out Refinance                                 7.25       Full Documentation                         AA+                               218500                    218500                         0                      174770.57       6 mo int on 80%
341044637                                              1414.15                 6/1/2007                  154912                                  154787.66       Purchase                                         10.475       Stated Income Documentation                A                                 205000                    205000                    182250                       154850.1       1% of amt ppd if loan greater than $150K
341044712                                               902.39                 6/1/2007                  103700                                  103605.89       Purchase                                            9.9       Full Documentation                         AA                                225000                    225000                    150000                      103653.14       6 mo int on 80%
341044797                                               734.76                 7/1/2007                  105600                                  105441.19       Cash Out Refinance                                 7.45       Full Documentation                         AA+                               132000                    132000                         0                      105520.84       3% / 2% / 1%
341045046                                              2424.09                 6/1/2007                  306740                                  306565.34       Purchase                                            8.8       Full Documentation                         AA+                               380000                    380000                    360870                         306740       6 mo int on 80%
341045114                                              1612.95                 6/1/2007                  193500                                   193402.8       Purchase                                            9.4       Stated Income Documentation                AA+                               240000                    240000                    215000                         193500       3% / 2% / 1%
351045901                                              1848.12                 7/1/2007                  246000                                  245843.13       Rate/Term Refinance                                8.25       Stated Income Documentation                AA+                               330500                    290000                         0                         246000       6 mo int on 80%
351045910                                              1354.91                 6/1/2007                  151200                                  151136.59       Purchase                                          10.25       Stated Income Documentation                AA+                               189000                    189000                    189000                         151200       6 mo int on 80%
351046051                                              1079.83                 7/1/2007                  128700                                  128572.22       Purchase                                          9.475       Full Documentation                         AA+                               145000                    145000                    143000                      128572.22       6 mo int on 80%
351046140                                              3960.79                 6/1/2007                  495900                                  495865.09       Purchase                                            9.5       Lite Documentation                         AA+                               555000                    551000                    551000                         495900       6 mo int on 80%
351046169                                              3141.71                 7/1/2007                  456000                                  455651.29       Purchase                                           7.35       Full Documentation                         AA+                               580000                    580000                    570000                      455651.29       6 mo int on 80%
351046235                                              1259.14                 6/1/2007                  175333                                  175209.87       Purchase                                          7.775       Full Documentation                         AA+                               225000                    225000                    219167                         175333       6 mo int on 80%
371048441                                              1453.93                 6/1/2007                  162900                                  162856.27       Purchase                                          10.55       Stated Income Documentation                AA+                               181000                    181000                    181000                      162878.23       6 mo int on 80%
371048779                                                552.7                 6/1/2007                   77899                                   77842.91       Cash Out Refinance                                 7.65       Full Documentation                         AA+                               105000                    105000                         0                          77899       6 mo int on 80%
371048852                                               1018.3                 6/1/2007                  157000                                  156712.27       Cash Out Refinance                                 6.75       Full Documentation                         AA+                               364000                    364000                         0                       156848.3       6 mo int on 80%
371048853                                               957.02                 7/1/2007                  153000                                  152858.98       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               242000                    242000                         0                         153000       6 mo int on 80%
371048861                                                681.6                 6/1/2007                  107000                                  106904.67       Cash Out Refinance                                6.575       Full Documentation                         AA+                               145000                    145000                         0                         107000       6 mo int on 80%
371048869                                              1347.81                 6/1/2007                  135000                                  134833.44       Purchase                                           10.5       Stated Income Documentation                AA+                               185000                    185000                    150000                         135000       6 mo int on 80%
371049109                                               1603.3                 6/1/2007                  201600                                  201372.88       Cash Out Refinance                                 8.87       Full Documentation                         A                                 252000                    252000                         0                      201486.86       2% of ppd amt
371049177                                              1196.63                 8/1/2007                  144500                                  143433.97       Cash Out Refinance                                9.325       Full Documentation                         CC                                230000                    228000                         0                         144500       6 mo int on 80%
371049243                                              5409.09                 6/1/2007                  719996                                  719074.61       Cash Out Refinance                                 8.25       Stated Income Documentation                AA+                               933000                    933000                         0                      719536.88       6 mo int on 80%
371049290                                                863.5                 6/1/2007                  155250                                   155214.5       Rate/Term Refinance                                 6.4       Full Documentation                         AA+                               207000                    207000                         0                         155250       6 mo int on 80%
371049300                                              1042.34                 6/1/2007                  140000                                  139966.83       Purchase                                           8.65       Stated Income Documentation                AA+                               195000                    190000                    189990                         140000       6 mo int on 80%
371049312                                               823.85                 6/1/2007                  111800                                  111772.73       Cash Out Refinance                                 8.55       Full Documentation                         B                                 172000                    172000                         0                         111800       6 mo int on 80%
371049344                                              4496.14                 6/1/2007                  531250                                  530992.79       Cash Out Refinance                                9.575       Stated Income Documentation                AA+                               625000                    594000                         0                         531250       6 mo int on 80%
371049413                                              1263.96                 6/1/2007                  152100                                  152090.87       Rate/Term Refinance                                 9.9       Full Documentation                         AA                                169000                    169000                         0                         152100       6 mo int on 80%
371049459                                                514.8                 6/1/2007                   82600                                   82568.75       Cash Out Refinance                                7.025       Full Documentation                         AA+                               123000                    123000                         0                          82600       6 mo int on 80%
371049471                                              2598.22                 6/1/2007                  384000                                  383881.78       Purchase                                           7.75       Stated Income Documentation                AA+                               480000                    480000                    480000                         384000       6 mo int on 80%
371049475                                              1148.46                 6/1/2007                  137000                                  136992.07       Cash Out Refinance                                 9.99       Full Documentation                         C                                 183000                    183000                         0                         137000       6 mo int on 80%
371049508                                               989.28                 6/1/2007                  119200                                  119139.49       Cash Out Refinance                                 9.35       Full Documentation                         A                                 149000                    149000                         0                         119200       6 mo int on 80%
371049526                                               816.44                 6/1/2007                  128500                                  128384.96       Cash Out Refinance                                 6.55       Full Documentation                         AA+                               208000                    193000                         0                         128500       6 mo int on 80%
371049548                                              1493.98                 6/1/2007                  181600                                  181410.98       Purchase                                           9.25       Stated Income Documentation                AA+                               227000                    227000                    227000                      181505.85       6 mo int on 80%
371049563                                               761.88                 7/1/2007                   91800                                   91753.28       Cash Out Refinance                                 9.35       Full Documentation                         AA+                               102000                    102000                         0                       91753.28       6 mo int on 80%
371049600                                               644.37                 6/1/2007                   75000                                   74965.01       Cash Out Refinance                                 9.75       Stated Income Documentation                AA+                               120000                    120000                         0                          75000       6 mo int on 80%
371049602                                              1392.31                 6/1/2007                  196000                                  195947.02       Cash Out Refinance                                  8.2       Stated Income Documentation                AA+                               282000                    282000                         0                         196000       6 mo int on 80%
371049603                                               673.77                 6/1/2007                   81900                                   81857.54       Rate/Term Refinance                                9.25       Full Documentation                         AA+                               117000                    117000                         0                          81900       6 mo int on 80%
371049629                                              2403.18                 6/1/2007                  319500                                  319426.51       Purchase                                           8.75       Stated Income Documentation                AA+                               355000                    345000                    355000                         319500       6 mo int on 80%
371049642                                              1507.79                 6/1/2007                  200700                                  200572.02       Purchase                                           8.25       Business Bank Statements                   AA+                               225000                    225000                    223000                         200700       6 mo int on 80%
371049649                                              1029.68                 7/1/2007                  111200                                  111157.22       Purchase                                          10.65       Stated Income Documentation                AA+                               180000                    139000                    139000                         111200       6 mo int on 80%
371049654                                              1163.84                 7/1/2007                  144000                                  143922.16       Cash Out Refinance                                 9.05       Full Documentation                         AA+                               160000                    160000                         0                      143922.16       6 mo int on 80%
371049690                                              1794.71                 6/1/2007                  193500                                  193477.43       Purchase                                          10.99       Stated Income Documentation                AA+                               245000                    245000                    215000                         193500       None
371049707                                               841.14                 7/1/2007                  126750                                  126645.59       Cash Out Refinance                                6.975       Full Documentation                         C                                 195000                    195000                         0                         126750       6 mo int on 80%
371049729                                               814.86                 6/1/2007                   88000                                   87966.14       Cash Out Refinance                                10.65       Full Documentation                         AA                                110000                    110000                         0                          88000       6 mo int on 80%
371049767                                                844.5                 6/1/2007                  100000                                   99951.33       Cash Out Refinance                                 9.55       Stated Income Documentation                A                                 225000                    225000                         0                         100000       6 mo int on 80%
371049773                                              1125.31                 6/1/2007                  170000                                  169859.27       Cash Out Refinance                                 6.95       Full Documentation                         AA+                               209900                    209900                         0                         170000       6 mo int on 80%
371049799                                              1200.78                 6/1/2007                  155000                                   154702.1       Cash Out Refinance                                 6.99       Full Documentation                         A                                 265000                    265000                         0                         155000       6 mo int on 80%
371049808                                               534.93                 7/1/2007                   80000                                   79935.07       Cash Out Refinance                                 7.05       Full Documentation                         AA+                               145000                    135000                         0                       79935.07       6 mo int on 80%
371049880                                              1508.47                 7/1/2007                  238500                                  238462.28       Purchase                                            7.4       Full Documentation                         AA+                               265000                    265000                    265000                         238500       6 mo int on 80%
371049921                                              1234.35                 7/1/2007                  153000                                  152989.65       Cash Out Refinance                                  9.6       Full Documentation                         AA                                170000                    170000                         0                         153000       6 mo int on 80%
371049954                                              1759.27                 7/1/2007                  247500                                  247472.11       Cash Out Refinance                                  8.4       Full Documentation                         C                                 330000                    298000                         0                         247500       6 mo int on 80%
371049982                                              2232.81                 7/1/2007                  285300                                  285277.83       Purchase                                            9.3       Stated Income Documentation                AA+                               330000                    315000                    317000                      285277.83       6 mo int on 80%
371050005                                               981.36                 6/1/2007                  140009                                  139905.61       Cash Out Refinance                                7.525       Full Documentation                         AA+                               231000                    231000                         0                         140009       6 mo int on 80%
411004122                                              1115.91                 6/1/2007                  145800                                  145710.77       Cash Out Refinance                                 8.45       Full Documentation                         AA+                               162000                    162000                         0                         145800       6 mo int on 80%
411004457                                              1015.78                 6/1/2007                  126000                                  125976.47       Rate/Term Refinance                                9.45       Full Documentation                         AA+                               144000                    144000                         0                         126000       6 mo int on 80%
411004477                                              1619.71                 7/1/2007                  225000                                  224842.79       Cash Out Refinance                                  7.8       Full Documentation                         AA+                               300000                    300000                         0                         225000       2% of ppd amt
411004519                                               850.42                 6/1/2007                  110600                                     110533       Cash Out Refinance                                  8.5       Full Documentation                         B                                 158000                    158000                         0                         110600       6 mo int on 80%
411004626                                              2308.41                 6/1/2007                  420700                                  420600.27       Rate/Term Refinance                                 6.3       Stated Income Documentation                AA+                               650000                    650000                         0                         420700       6 mo int on 80%
411004631                                               539.72                 6/1/2007                   69550                                   69508.72       Cash Out Refinance                                  8.6       Full Documentation                         AA+                               108500                    108500                         0                          69550       None
411004715                                              3156.04                 7/1/2007                  425000                                  424960.63       Rate/Term Refinance                                 8.8       Stated Income Documentation                AA+                               500000                    500000                         0                         425000       None
421004200                                               519.88                 5/1/2007                   58500                                   58449.65       Cash Out Refinance                                10.15       Stated Income Documentation                AA+                                65000                     65000                         0                          58500       6 mo int on 80%
421004223                                               644.33                 6/1/2007                   86100                                    86079.9       Cash Out Refinance                                  8.7       Full Documentation                         AA+                               123000                    123000                         0                          86100       1% of amt prepaid
421004244                                               865.24                 7/1/2007                  103800                                  103695.31       Cash Out Refinance                                  9.4       Full Documentation                         AA+                               173000                    173000                         0                      103747.86       None
421004274                                               849.15                 7/1/2007                  100000                                   99984.18       Cash Out Refinance                                   10       Full Documentation                         AA                                128500                    128500                         0                         100000       1% of amt prepaid
421004276                                              5344.33                 6/1/2007                  686400                                  686346.67       Cash Out Refinance                                 9.25       Full Documentation                         AA+                               858000                    775000                         0                         686400       None
421004288                                               642.15                 6/1/2007                   79200                                   79194.75       Cash Out Refinance                                 9.65       Full Documentation                         AA+                                99000                     95000                         0                          79200       6 mo int on 80%
511060090                                              1750.13                 7/1/2007                  254700                                  254637.82       Purchase                                            8.1       Stated Income Documentation                AA+                               283000                    283000                    283000                       254669.1       6 mo int on 80%
511060282                                              1530.44                 5/1/2007                  246000                                  245917.93       Purchase                                          7.266       Full Documentation                         AA+                               290000                    290000                    290000                      245959.09       6 mo int on 80%
511060495                                               4750.5                 8/1/2007                  540000                                  539948.78       Cash Out Refinance                                 10.5       Stated Income Documentation                AA+                               600000                    600000                         0                      539922.83       6 mo int on 80%
511060590                                              5325.16                 6/1/2007                  702000                                  701879.23       Cash Out Refinance                                    9       Stated Income Documentation                AA+                               780000                    780000                         0                      701939.84       None
511060685                                               1635.5                 6/1/2007                  193500                                  193468.94       Purchase                                           9.95       Full Documentation                         AA+                               215000                    215000                    215000                         193500       None
511060692                                               4379.6                 6/1/2007                  523500                                  523104.71       Rate/Term Refinance                                9.84       Stated Income Documentation                B                                 600000                    600000                         0                      523194.12       6 mo int on 80%
511060791                                              2264.47                 6/1/2007                  430781                                  430666.85       Purchase                                           5.99       Full Documentation                         AA+                               541000                    541000                    538476                         430781       6 mo int on 80%
511061011                                               786.78                 6/1/2007                  130400                                  130279.85       Cash Out Refinance                                 6.75       Full Documentation                         AA+                               195000                    195000                         0                       130333.5       6 mo int on 80%
511061017                                              3967.67                 6/1/2007                  549000                                  548887.52       Rate/Term Refinance                                8.55       Stated Income Documentation                AA+                               610000                    610000                         0                      548943.96       6 mo int on 80%
511061142                                              3471.13                 6/1/2007                  450000                                  449807.02       Cash Out Refinance                                    9       Full Documentation                         C                                 900000                    900000                         0                      449903.87       6 mo int on 80%
511061241                                              6664.06                 6/1/2007                 1080000                                 1079815.94       Rate/Term Refinance                                 7.2       Full Documentation                         AA+                              1350000                   1277000                         0                        1080000       6 mo int on 80%
511061278                                              3002.78                 6/1/2007                  437000                                  436893.58       Cash Out Refinance                                  8.1       Stated Income Documentation                AA+                               491000                    491000                         0                         437000       6 mo int on 80%
511061287                                              3507.84                 6/1/2007                  583000                                  582785.36       Cash Out Refinance                                    7       Full Documentation                         AA+                               700000                    700000                         0                      582892.99       6 mo int on 80%
511061357                                              2637.76                 7/1/2007                  487350                                  487230.22       Purchase                                            6.2       Full Documentation                         AA+                               541500                    541500                    541500                         487350       6 mo int on 80%
511061566                                              6918.77                 6/1/2007                  892500                                  892312.17       Cash Out Refinance                                 9.05       Full Documentation                         AA+                              1300000                   1050000                         0                         892500       6 mo int on 80%
511061571                                              3262.86                 6/1/2007                  423000                                   422818.6       Cash Out Refinance                                    9       Stated Income Documentation                A                                 470000                    470000                         0                      422909.64       6 mo int on 80%
511061668                                                 3591                 6/1/2007                  475000                                  474892.33       Cash Out Refinance                                  8.8       Full Documentation                         B                                 645000                    645000                         0                         475000       6 mo int on 80%
511061672                                              3047.95                 6/1/2007                  448000                                  447864.05       Cash Out Refinance                                  7.8       Full Documentation                         AA+                               560000                    560000                         0                         448000       6 mo int on 80%
511061697                                              3605.28                 6/1/2007                  563120                                   562947.9       Cash Out Refinance                                  7.5       Business Bank Statements                   AA+                               800000                    725000                         0                      563034.22       6 mo int on 80%
511061791                                              6457.37                 6/1/2007                  943950                                  943383.43       Purchase                                           7.85       Full Documentation                         AA+                              1349000                   1349000                   1348500                      943667.64       6 mo int on 80%
511061873                                               3346.1                 6/1/2007                  436500                                  436464.03       Rate/Term Refinance                                 9.1       Stated Income Documentation                AA+                               485000                    485000                         0                         436500       6 mo int on 80%
511061879                                              4121.79                 6/1/2007                  532125                                  532040.35       Cash Out Refinance                                  9.2       Stated Income Documentation                AA                                709500                    709500                         0                      532082.84       6 mo int on 80%
511061929                                              2970.45                 7/1/2007                  378000                                  377883.75       Purchase                                           9.34       Stated Income Documentation                AA+                               429000                    429000                    420000                       377942.1       6 mo int on 80%
511061955                                              4676.11                 6/1/2007                  524000                                  523777.89       Cash Out Refinance                                 10.2       Full Documentation                         B                                 655000                    655000                         0                         524000       None
511062003                                               3531.1                 6/1/2007                  453050                                  452979.61       Cash Out Refinance                                 9.26       Stated Income Documentation                AA+                               533000                    533000                         0                      453014.94       6 mo int on 80%
511062035                                              3367.33                 6/1/2007                  517500                                  517323.92       Cash Out Refinance                                  7.4       Business Bank Statements                   AA+                               575000                    575000                         0                         517500       6 mo int on 80%
511062037                                               978.06                 7/1/2007                  107200                                  107173.36       Cash Out Refinance                                 10.8       Stated Income Documentation                AA                                134000                    134000                         0                      107186.74       6 mo int on 80%
511062046                                              2848.87                 7/1/2007                  456000                                   455849.2       Cash Out Refinance                                  7.3       Full Documentation                         AA+                               580000                    580000                         0                      455924.83       6 mo int on 80%
511062056                                              3085.21                 6/1/2007                  500000                                  499829.07       Rate/Term Refinance                                 7.2       Full Documentation                         AA+                               595000                    595000                         0                      499914.79       6 mo int on 80%
511062062                                              6404.91                 6/1/2007                  862500                                  862339.59       Cash Out Refinance                                  8.8       Stated Income Documentation                AA+                              1150000                   1150000                         0                         862500       6 mo int on 80%
511062076                                              3175.34                 6/1/2007                  508000                                  507809.16       Cash Out Refinance                                 7.05       Full Documentation                         A                                 636000                    636000                         0                         508000       6 mo int on 80%
511062079                                              2300.17                 7/1/2007                  400000                                  399832.53       Purchase                                           6.65       Full Documentation                         AA+                               500000                    500000                    500000                       399916.5       6 mo int on 80%
511062175                                                803.9                 8/1/2007                  100000                                   99849.41       Cash Out Refinance                                 8.99       Business Bank Statements                   A                                 289000                    289000                         0                       99793.55       6 mo int on 80%
511062206                                              2673.54                 6/1/2007                  438750                                  438594.34       Cash Out Refinance                                  7.1       Full Documentation                         AA+                               675000                    675000                         0                       438672.4       6 mo int on 80%
511062224                                              4115.23                 6/1/2007                  616500                                  616334.88       Cash Out Refinance                                 7.85       Full Documentation                         AA+                               685000                    685000                         0                      616417.71       6 mo int on 80%
511062229                                              3071.39                 6/1/2007                  441728                                  441474.08       Cash Out Refinance                                    8       Full Documentation                         AA+                               560000                    560000                         0                      441601.46       6 mo int on 80%
511062470                                              3849.68                 7/1/2007                  450000                                  449787.82       Purchase                                            9.7       Stated Income Documentation                AA+                               575000                    575000                    500000                         450000       None
511062497                                              1885.06                 6/1/2007                  270000                                  269937.67       Purchase                                           8.24       Stated Income Documentation                AA+                               485000                    485000                    485000                      269968.94       6 mo int on 80%
511062498                                              5505.44                 5/1/2007                  630000                                  628417.63       Cash Out Refinance                                 9.95       Business Bank Statements                   B                                 905000                    905000                         0                      628718.31       6 mo int on 80%
511062502                                              4200.84                 6/1/2007                  513000                                  512967.29       Cash Out Refinance                                 9.75       Stated Income Documentation                AA+                               570000                    570000                         0                         513000       6 mo int on 80%
511062575                                              2522.13                 6/1/2007                  350910                                   350836.7       Purchase                                            8.5       Full Documentation                         AA+                               395000                    395000                    389900                      350873.48       6 mo int on 80%
511062609                                              5069.87                 6/1/2007                  688000                                  687832.13       Purchase                                           8.55       Full Documentation                         AA+                               860000                    860000                    860000                         688000       6 mo int on 80%
511062626                                              5613.26                 6/1/2007                  858500                                  858377.56       Cash Out Refinance                                7.675       Full Documentation                         AA+                              1010000                   1010000                         0                         858500       6 mo int on 80%
511062640                                              3864.52                 6/1/2007                  501500                                   501284.3       Cash Out Refinance                                 8.99       Business Bank Statements                   A                                 590000                    590000                         0                      501392.55       6 mo int on 80%
511062686                                              4685.01                 6/1/2007                  749900                                  749776.88       Cash Out Refinance                                  7.3       Full Documentation                         AA+                               853000                    853000                         0                         749900       6 mo int on 80%
511062699                                              3238.45                 6/1/2007                  476000                                  475710.16       Cash Out Refinance                                  7.8       Full Documentation                         A                                 560000                    560000                         0                      475855.55       6 mo int on 80%
511062715                                              2965.42                 6/1/2007                  491487                                  491084.25       Cash Out Refinance                                 6.75       Full Documentation                         AA                                685000                    685000                         0                      491286.19       6 mo int on 80%
511062731                                              4288.04                 6/1/2007                  442850                                  442805.94       Cash Out Refinance                                 11.5       Stated Income Documentation                B                                 521000                    521000                         0                         442850       6 mo int on 80%
511062782                                              4120.89                 7/1/2007                  564000                                  563944.61       Cash Out Refinance                                 8.65       Stated Income Documentation                AA+                              1100000                   1100000                         0                         564000       6 mo int on 80%
511062785                                              2964.32                 6/1/2007                  436900                                  436789.05       Cash Out Refinance                                 7.99       Stated Income Documentation                AA+                               514000                    514000                         0                      436844.71       6 mo int on 80%
511062813                                              3864.98                 6/1/2007                  426000                                  425827.02       Cash Out Refinance                                 10.4       Stated Income Documentation                A                                 532500                    532500                         0                         426000       None
511062873                                              6251.32                 6/1/2007                  806400                                  806230.28       Rate/Term Refinance                                9.05       Stated Income Documentation                AA+                              1008000                   1008000                         0                         806400       6 mo int on 80%
511062907                                                935.4                 7/1/2007                  128700                                  128611.87       Cash Out Refinance                                  7.9       Full Documentation                         C                                 198000                    198000                         0                         128700       6 mo int on 80%
511062955                                               1991.2                 6/1/2007                  369026                                     369026       Cash Out Refinance                                6.475       Stated Income Documentation                AA+                               694000                    694000                         0                         369026       6 mo int on 80%
511062986                                              2579.38                 6/1/2007                  490000                                  489870.62       Cash Out Refinance                                    6       Full Documentation                         AA+                               700000                    700000                         0                         490000       6 mo int on 80%
511062990                                              2651.91                 6/1/2007                  425000                                  424929.97       Cash Out Refinance                                 7.29       Stated Income Documentation                AA+                               500000                    500000                         0                         425000       6 mo int on 80%
511063049                                              6942.87                 6/1/2007                  952000                                   951760.8       Purchase                                           8.45       Stated Income Documentation                AA+                              1200000                   1200000                   1190000                         952000       6 mo int on 80%
511063056                                              3178.67                 6/1/2007                  553500                                  553384.03       Cash Out Refinance                                 6.64       Business Bank Statements                   AA+                               615000                    615000                         0                         553500       6 mo int on 80%
511063090                                              3054.36                 6/1/2007                  495000                                  494915.64       Rate/Term Refinance                                 7.2       Full Documentation                         AA+                               550000                    525000                         0                         495000       6 mo int on 80%
511063106                                              1697.72                 6/1/2007                  270000                                  269753.53       Cash Out Refinance                                 6.45       Full Documentation                         AA+                               300000                    300000                         0                         270000       6 mo int on 80%
511063265                                              1745.58                 7/1/2007                  255500                                  255363.67       Purchase                                           8.05       Stated Income Documentation                AA+                               367000                    367000                    365000                      255363.67       None
511063281                                              4353.72                 6/1/2007                  670000                                  669771.25       Cash Out Refinance                                7.388       Full Documentation                         AA                               1000000                    875000                         0                         670000       6 mo int on 80%
521054359                                               614.93                 7/1/2007                   67500                                   67472.81       Purchase                                          10.45       Full Documentation                         AA+                                77000                     77000                     75000                          67500       2% / 1%
521056960                                              4652.23                 7/1/2007                  568000                                  567702.44       Cash Out Refinance                                  9.2       Stated Income Documentation                AA+                               710000                    640000                         0                         568000       None
521057023                                              1840.88                 6/1/2007                  234000                                  233729.76       Purchase                                           8.75       Full Documentation                         AA+                               272000                    272000                    260000                      233865.37       6 mo int on 80%
521057114                                              1814.65                 6/1/2007                  216750                                  216642.26       Cash Out Refinance                                 9.45       Stated Income Documentation                AA+                               255000                    243000                         0                         216750       1% of amt prepaid
521057271                                              1628.91                 7/1/2007                  208000                                  207756.75       Cash Out Refinance                                  8.7       Full Documentation                         AA+                               260000                    260000                         0                      207879.09       6 mo int on 80%
521057331                                              4704.75                 6/1/2007                  612000                                     612000       Purchase                                          9.225       Stated Income Documentation                AA+                               680000                    680000                    680000                         612000       6 mo int on 80%
521057397                                              1284.12                 6/1/2007                  162909                                  162884.76       Purchase                                           9.37       Full Documentation                         AA+                               182000                    178000                    182000                      162896.93       1% of amt prepaid
521057508                                              3570.17                 5/1/2007                  467500                                  467293.48       Cash Out Refinance                                  8.9       Stated Income Documentation                AA+                               550000                    500000                         0                         467500       None
521057513                                              1714.06                 6/1/2007                  180000                                  179980.94       Purchase                                           11.3       Full Documentation                         B                                 200000                    200000                    200000                         180000       1% of amt prepaid
521057664                                               878.11                 6/1/2007                   98400                                   98358.29       Cash Out Refinance                                 10.2       Full Documentation                         C                                 123000                    123000                         0                          98400       2% of UPB
521057775                                              1204.64                 6/1/2007                  143910                                  143901.61       Purchase                                          9.975       Full Documentation                         AA+                               160000                    160000                    159900                         143910       None
521057784                                              1464.75                 6/1/2007                  202500                                  202359.94       Cash Out Refinance                                 7.85       Stated Income Documentation                AA                                450000                    450000                         0                         202500       6 mo int on 80%
521058007                                              1965.81                 7/1/2007                  244314                                  244180.55       Purchase                                              9       Full Documentation                         AA+                               302000                    271460                    271460                      244180.55       2% / 1%
521058122                                               785.64                 7/1/2007                  113750                                  113663.45       Cash Out Refinance                                7.375       Full Documentation                         AA+                               175000                    175000                         0                         113750       None
521058163                                               532.97                 6/1/2007                   52800                                   52784.03       Cash Out Refinance                                11.75       Lite Documentation                         AA+                                66000                     66000                         0                          52800       2% of UPB
521058252                                              3978.27                 6/1/2007                  560034                                  559730.22       Cash Out Refinance                                  8.2       Full Documentation                         AA+                               810000                    730000                         0                      559882.63       None
521058263                                              1337.88                 7/1/2007                  172800                                  172696.92       Purchase                                          8.575       Full Documentation                         AA+                               194000                    194000                    192000                         172800       2% / 1%
521058295                                               677.36                 6/1/2007                   68400                                   68378.14       Purchase                                           11.5       Full Documentation                         AA+                                76000                     76000                     76000                          68400       1% of amt prepaid
521058325                                               518.71                 6/1/2007                   51000                                   50969.69       Cash Out Refinance                                11.85       Full Documentation                         AA+                                60000                     60000                         0                       50984.92       1% of amt prepaid
521058580                                                857.2                 7/1/2007                  138750                                  138684.84       Purchase                                           6.95       Full Documentation                         AA+                               185000                    185000                    185000                      138684.84       None
521058782                                               547.04                 6/1/2007                   54400                                   54383.36       Purchase                                           11.7       Full Documentation                         AA+                                96000                     64000                     64000                          54400       1% of amt prepaid
521058796                                                730.1                 7/1/2007                   82500                                   82440.62       Purchase                                           10.1       Full Documentation                         AA+                               110000                    110000                    110000                          82500       1% of amt prepaid
521058806                                              1081.91                 6/1/2007                  104400                                  104370.79       Purchase                                           12.1       Full Documentation                         AA+                               120000                    116000                    116000                         104400       2% of UPB
521058845                                              3631.02                 6/1/2007                  435600                                  435381.18       Cash Out Refinance                                  9.4       Business Bank Statements                   AA+                               484000                    484000                         0                         435600       2% of ppd amt
521058946                                              2224.85                 7/1/2007                  279000                                   277444.4       Cash Out Refinance                                  8.9       Business Bank Statements                   AA+                               310000                    310000                         0                       277444.4       6 mo int on 80%
521059072                                               541.08                 6/1/2007                   52800                                   52784.72       Cash Out Refinance                                11.95       Stated Income Documentation                AA+                                66000                     66000                         0                          52800       2% / 1%
521059095                                              1330.08                 7/1/2007                  142200                                  142146.76       Purchase                                         10.775       Full Documentation                         AA+                               163000                    163000                    158000                         142200       2% / 1%
521059170                                               846.47                 6/1/2007                  103500                                  103481.53       Rate/Term Refinance                                 9.6       Full Documentation                         A                                 115000                    115000                         0                         103500       2% of UPB
551029193                                              1135.37                 7/1/2007                  148000                                  147727.72       Purchase                                          8.475       Stated Income Documentation                AA+                               186725                    186725                    168000                      147819.12       6 mo int on 80%
551029245                                              3112.18                 6/1/2007                  340282                                  340010.26       Purchase                                         10.498       Full Documentation                         AA                                400000                    400000                    378092                      340146.72       6 mo int on 80%
551030267                                              1770.88                 7/1/2007                  246000                                  245826.14       Rate/Term Refinance                                 7.8       Full Documentation                         AA                                310000                    310000                         0                         246000       6 mo int on 80%
551030679                                              1512.07                 6/1/2007                  158400                                  158287.26       Purchase                                          11.03       Full Documentation                         AA+                               180300                    180300                    176000                      158343.89       6 mo int on 80%
551030705                                               2055.7                 7/1/2007                  232290                                  232189.41       Purchase                                           10.1       Full Documentation                         AA+                               260000                    248985                    258100                         232290       6 mo int on 80%
551030790                                               1600.6                 6/1/2007                  186300                                  186037.14       Purchase                                           9.75       Full Documentation                         AA+                               207000                    207000                    207000                      186125.47       6 mo int on 80%
551030858                                              1225.56                 6/1/2007                  130500                                  130451.66       Purchase                                         10.825       Full Documentation                         AA+                               147500                    147500                    145000                         130500       6 mo int on 80%
551030873                                               659.07                 6/1/2007                   64800                                   64780.83       Purchase                                          11.85       Full Documentation                         AA+                                75800                     75800                     72000                          64800       6 mo int on 80%
551030965                                                821.9                 6/1/2007                  106400                                  106271.95       Rate/Term Refinance                                8.55       Full Documentation                         AA+                               133000                    133000                         0                       106336.2       None
551031078                                              1157.79                 6/1/2007                  165990                                  165741.61       Purchase                                          7.475       Stated Income Documentation                AA+                               267000                    267000                    265990                      165866.19       6 mo int on 80%
551031135                                               962.99                 7/1/2007                  114030                                  113918.56       Purchase                                           9.55       Full Documentation                         AA+                               128000                    128000                    126700                       113974.5       6 mo int on 80%
551031144                                              2009.65                 7/1/2007                  233910                                  233658.67       Purchase                                           9.75       Full Documentation                         AA+                               267000                    267000                    259900                      233800.87       6 mo int on 80%
551031147                                              2289.13                 6/1/2007                  265305                                  265059.06       Purchase                                            9.8       Full Documentation                         AA+                               296000                    296000                    294784                      265182.53       6 mo int on 80%
551031162                                                826.3                 6/1/2007                  100000                                   99873.12       Rate/Term Refinance                                 9.3       Full Documentation                         AA+                               119000                    119000                         0                          99925       6 mo int on 80%
551031163                                               3108.3                 7/1/2007                  408000                                  407493.63       Purchase                                            8.4       Stated Income Documentation                AA+                               510000                    510000                    510000                       407747.7       2% of ppd amt
551031189                                              1483.18                 6/1/2007                  168300                                  168226.33       Purchase                                          10.05       Full Documentation                         A                                 187000                    187000                    187000                         168300       6 mo int on 80%
551031200                                              1166.49                 7/1/2007                  133958                                  133938.53       Purchase                                         10.275       Full Documentation                         AA+                               150000                    150000                    148842                         133958       6 mo int on 80%
551031293                                               1275.1                 6/1/2007                  162450                                  162356.05       Purchase                                          8.725       Full Documentation                         AA+                               181000                    181000                    180500                         162450       6 mo int on 80%
551031314                                              1225.56                 6/1/2007                  130500                                  130402.88       Purchase                                         10.825       Full Documentation                         AA+                               145000                    145000                    145000                      130451.66       None
551032397                                               638.35                 6/1/2007                   70650                                   70621.01       Purchase                                          10.35       Full Documentation                         AA+                                79000                     79000                     78500                          70650       6 mo int on 80%
551032454                                              1022.87                 7/1/2007                  141750                                  141651.46       Purchase                                          7.825       Full Documentation                         AA+                               158000                    158000                    157500                         141750       6 mo int on 80%
551032555                                               442.49                 6/1/2007                   50000                                   49696.82       Cash Out Refinance                                 10.1       Full Documentation                         AA+                                76000                     76000                         0                       49720.83       None
551032587                                               651.92                 6/1/2007                   66600                                    66555.8       Purchase                                          11.35       Full Documentation                         AA+                                80000                     80000                     74000                          66578       6 mo int on 80%
551032588                                               773.54                 6/1/2007                   76925                                   76877.73       Rate/Term Refinance                                11.7       Stated Income Documentation                AA                                 90500                     90500                         0                       76901.48       6 mo int on 80%
551032602                                              1263.04                 6/1/2007                  139500                                  139385.61       Purchase                                         10.375       Full Documentation                         A                                 168000                    168000                    155000                      139443.05       6 mo int on 80%
551032613                                               729.01                 6/1/2007                  103500                                  103424.33       Rate/Term Refinance                               7.575       Full Documentation                         AA+                               115000                    115000                         0                         103500       6 mo int on 80%
551032667                                              1520.94                 7/1/2007                  162605                                  162544.12       Purchase                                         10.775       Full Documentation                         AA+                               196000                    196000                    191300                         162605       6 mo int on 80%
551032679                                               1125.3                 6/1/2007                  150138                                  150041.77       Purchase                                          8.225       Business Bank Statements                   AA+                               170000                    170000                    166820                         150138       6 mo int on 80%
551032722                                              1600.28                 6/1/2007                  198000                                  197785.13       Purchase                                           9.05       Full Documentation                         AA+                               220000                    220000                    220000                      197892.97       6 mo int on 80%
551032763                                              2856.46                 6/1/2007                  333900                                  333742.57       Purchase                                            9.7       Business Bank Statements                   AA+                               375000                    375000                    371000                         333900       6 mo int on 80%
551032792                                               776.01                 6/1/2007                  100000                                   99940.66       Cash Out Refinance                                  8.6       Full Documentation                         AA+                               125000                    125000                         0                         100000       None
551032879                                              3672.11                 6/1/2007                  479781                                  479487.35       Purchase                                           8.45       Full Documentation                         AA+                               535000                    535000                    533090                         479781       6 mo int on 80%
551032900                                               1098.4                 7/1/2007                  135000                                  133928.16       Purchase                                          9.125       Stated Income Documentation                AA+                               189000                    189000                    150000                         135000       6 mo int on 80%
551032928                                              4386.92                 6/1/2007                  510470                                  510416.46       Purchase                                          10.25       Stated Income Documentation                AA+                               580000                    580000                    567190                      510443.34       6 mo int on 80%
551032985                                               675.99                 6/1/2007                   68000                                   67978.51       Cash Out Refinance                                11.55       Stated Income Documentation                AA+                                85000                     85000                         0                          68000       6 mo int on 80%
551033045                                                995.4                 6/1/2007                  103700                                  103663.83       Purchase                                           11.1       Full Documentation                         AA+                               122000                    122000                    122000                         103700       6 mo int on 80%
551033273                                              2740.13                 6/1/2007                  272700                                  272616.42       Purchase                                          11.69       Full Documentation                         AA                                305000                    305000                    303000                         272700       6 mo int on 80%
551033335                                              1037.31                 6/1/2007                  113400                                  113354.94       Purchase                                           10.5       Business Bank Statements                   AA+                               126500                    126500                    126000                         113400       6 mo int on 80%
551033463                                              1455.45                 6/1/2007                  157500                                  157439.08       Purchase                                         10.625       Full Documentation                         AA+                               175000                    175000                    175000                         157500       6 mo int on 80%
551033527                                              3587.41                 6/1/2007                  570600                                  570388.64       Purchase                                            7.1       Stated Income Documentation                AA+                               634000                    634000                    634000                         570600       6 mo int on 80%
581017629                                              3588.77                 6/1/2007                  540800                                  540652.38       Cash Out Refinance                                  7.8       Stated Income Documentation                AA+                               676000                    676000                         0                      540726.43       6 mo int on 80%
581018409                                              2291.63                 6/1/2007                  436500                                     436500       Cash Out Refinance                                  6.3       Full Documentation                         AA+                               485000                    485000                         0                         436500       6 mo int on 80%
581019101                                              2880.72                 6/1/2007                  525000                                  524750.41       Cash Out Refinance                                  6.3       Full Documentation                         AA                                775000                    775000                         0                      524875.53       6 mo int on 80%
581019124                                              4131.05                 7/1/2007                  580000                                  579844.37       Cash Out Refinance                                8.225       Stated Income Documentation                AA+                               890000                    890000                         0                         580000       6 mo int on 80%
581019177                                              2442.34                 6/1/2007                309049.2                                  308873.22       Purchase                                            8.8       Full Documentation                         AA+                               345000                    345000                    343388                       309049.2       6 mo int on 80%
581019471                                              1305.89                 6/1/2007                  180000                                   179907.9       Purchase                                            8.4       Stated Income Documentation                AA+                               245000                    245000                    225000                      179954.11       None
581019600                                              6659.57                 5/1/2007                  792000                                  791217.78       Cash Out Refinance                                  9.5       Full Documentation                         AA+                               880000                    880000                         0                         792000       None
581019603                                              2169.83                 6/1/2007                  283500                                  283151.74       Purchase                                           8.45       Stated Income Documentation                AA+                               315000                    315000                    315000                         283500       6 mo int on 80%
581019636                                              3409.68                 6/1/2007                  420000                                  419775.32       Cash Out Refinance                                  9.1       Business Bank Statements                   B                                 525000                    525000                         0                         420000       6 mo int on 80%
581019705                                              3275.31                 6/1/2007                  523994                                  523599.15       Cash Out Refinance                                 7.05       Stated Income Documentation                A                                 832000                    832000                         0                      523797.15       6 mo int on 80%
581019732                                              6880.17                 6/1/2007                  926500                                  926327.69       Purchase                                            8.8       Full Documentation                         AA+                              1090000                   1090000                   1090000                      926414.16       6 mo int on 80%
581019760                                              5772.42                 6/1/2007                  715500                                  715451.58       Cash Out Refinance                                  9.6       Business Bank Statements                   AA+                               795000                    795000                         0                         715500       6 mo int on 80%
581019888                                              2929.97                 7/1/2007                  403200                                  403118.97       Purchase                                            8.6       Full Documentation                         AA+                               448000                    448000                    448000                      403159.63       6 mo int on 80%
581019943                                              5742.19                 6/1/2007                  787500                                     787500       Rate/Term Refinance                                8.75       Stated Income Documentation                AA+                               875000                    875000                         0                         787500       6 mo int on 80%
581020009                                              1249.05                 6/1/2007                  150500                                   150423.6       Purchase                                           9.35       Stated Income Documentation                AA+                               215000                    215000                    215000                         150500       6 mo int on 80%
581020049                                              3476.07                 6/1/2007                  450000                                  449458.44       Cash Out Refinance                                 8.55       Stated Income Documentation                A                                 640000                    640000                         0                      449730.18       6 mo int on 80%
581020141                                              3425.82                 6/1/2007                  555200                                  555010.19       Cash Out Refinance                                  7.2       Full Documentation                         A                                 694000                    694000                         0                      555105.38       6 mo int on 80%
581020162                                              3725.98                 5/1/2007                  430000                                  429605.59       Cash Out Refinance                                 9.85       Business Bank Statements                   C                                 600000                    540000                         0                         430000       6 mo int on 80%
581020163                                               4820.3                 6/1/2007                  668000                                  667048.38       Cash Out Refinance                                7.825       Full Documentation                         AA                                805000                    805000                         0                      667515.92       6 mo int on 80%
581020205                                               4667.3                 6/1/2007                  729000                                  728777.21       Cash Out Refinance                                  7.5       Full Documentation                         AA+                               810000                    810000                         0                      728888.95       6 mo int on 80%
581020208                                              3644.96                 6/1/2007                  429250                                  429093.51       Cash Out Refinance                                   10       Full Documentation                         AA+                               505000                    505000                         0                      429162.12       6 mo int on 80%
581020242                                              1817.07                 6/1/2007                  221850                                  221733.78       Purchase                                            9.2       Full Documentation                         AA+                               260000                    260000                    246500                         221850       6 mo int on 80%
581020285                                              3597.69                 7/1/2007                  495000                                  494661.06       Cash Out Refinance                                  7.9       Full Documentation                         AA+                               660000                    660000                         0                      494661.06       6 mo int on 80%
581020291                                                 1920                 6/1/2007                  360000                                     360000       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               400000                    400000                         0                         360000       6 mo int on 80%
581020316                                              1585.05                 7/1/2007                  210000                                  209867.45       Purchase                                            8.3       Full Documentation                         AA+                               380000                    380000                    380000                      209867.45       6 mo int on 80%
581020362                                               3439.9                 6/1/2007                  460750                                  460708.13       Cash Out Refinance                                 8.85       Stated Income Documentation                AA+                               543000                    543000                         0                         460750       6 mo int on 80%
581020455                                              3119.94                 6/1/2007                  508800                                  508711.66       Cash Out Refinance                                 7.15       Stated Income Documentation                AA+                               640000                    640000                         0                         508800       6 mo int on 80%
581020459                                              5942.36                 6/1/2007                  855000                                  854900.14       Rate/Term Refinance                                 8.2       Full Documentation                         AA+                               950000                    950000                         0                         855000       6 mo int on 80%
581020478                                              1748.79                 6/1/2007                  238050                                  238027.07       Purchase                                            8.7       Full Documentation                         AA+                               266000                    266000                    264500                         238050       6 mo int on 80%
581020520                                              2948.99                 6/1/2007                  561000                                  560851.34       Cash Out Refinance                                 5.99       Full Documentation                         AA+                               660000                    660000                         0                         561000       6 mo int on 80%
581020523                                              5295.64                 7/1/2007                  673200                                  673149.71       Purchase                                           9.35       Full Documentation                         AA+                               750000                    750000                    748000                         673200       None
581020547                                              1272.05                 6/1/2007                  188000                                  187942.12       Cash Out Refinance                                 7.75       Full Documentation                         AA+                               235000                    235000                         0                         188000       6 mo int on 80%
581020612                                              1235.24                 7/1/2007                  195300                                  195269.11       Cash Out Refinance                                  7.4       Full Documentation                         AA+                               217000                    217000                         0                         195300       6 mo int on 80%
581020668                                              1271.17                 6/1/2007                  224000                                   223951.5       Cash Out Refinance                                 6.55       Full Documentation                         AA+                               320000                    320000                         0                         224000       6 mo int on 80%
621023696                                               714.78                 7/1/2007                  100000                                   99989.39       Cash Out Refinance                                 8.45       Full Documentation                         AA+                               175000                    175000                         0                         100000       6 mo int on 80%
621023894                                               1678.7                 6/1/2007                  235000                                  234564.55       Cash Out Refinance                                 7.72       Stated Income Documentation                B                                 440000                    440000                         0                      234733.13       6 mo int on 80%
621023953                                              3783.98                 7/1/2007                  444223                                  444011.31       Purchase                                           9.65       Stated Income Documentation                AA+                               505000                    505000                    493582                         444223       6 mo int on 80%
621024224                                              2157.45                 7/1/2007                  273000                                  272687.96       Cash Out Refinance                                  8.8       Stated Income Documentation                B                                 390000                    390000                         0                      272844.55       6 mo int on 80%
621024232                                              6264.52                 6/1/2007               830207.75                                  830062.11       Purchase                                           8.95       Stated Income Documentation                AA+                              1010000                    910000                    976715                       830135.2       6 mo int on 80%
621024327                                                 2380                 7/1/2007                  420000                                     420000       Cash Out Refinance                                  6.8       Stated Income Documentation                AA+                               620000                    620000                         0                         420000       6 mo int on 80%
621024368                                              2144.16                 6/1/2007                  229500                                  229473.93       Purchase                                         11.075       Full Documentation                         A                                 272000                    260000                    270000                         229500       6 mo int on 80%
621024385                                              4160.33                 6/1/2007                  595000                                  594558.42       Cash Out Refinance                                  7.5       Stated Income Documentation                AA+                               700000                    640000                         0                         595000       6 mo int on 80%
621024463                                              1891.93                 6/1/2007                  245600                                  245302.61       Cash Out Refinance                                 8.52       Stated Income Documentation                AA+                               307000                    307000                         0                      245451.83       6 mo int on 80%
621024495                                              4021.74                 7/1/2007                  556000                                  555615.43       Cash Out Refinance                                 7.85       Full Documentation                         AA+                               695000                    695000                         0                         556000       6 mo int on 80%
621024578                                              1751.47                 6/1/2007                  236000                                  235845.46       Cash Out Refinance                                 8.12       Full Documentation                         AA+                               322000                    310000                         0                         236000       None
621024597                                              2342.23                 7/1/2007                  289800                                  289643.35       Purchase                                           9.05       Lite Documentation                         AA+                               362000                    322000                    322000                         289800       6 mo int on 80%
621024641                                              3134.88                 6/1/2007                  475200                                  475134.12       Purchase                                           7.75       Full Documentation                         AA+                               600000                    600000                    594000                         475200       6 mo int on 80%
621024654                                              1489.75                 7/1/2007                  170475                                  170398.77       Purchase                                           9.95       Full Documentation                         AA+                               195000                    189417                    189417                         170475       6 mo int on 80%
621024680                                              2145.84                 6/1/2007                311455.5                                  310923.19       Cash Out Refinance                                 7.35       Stated Income Documentation                AA+                               445000                    445000                         0                      311163.16       6 mo int on 80%
621024709                                              1513.13                 7/1/2007                  198616                                  198493.18       Purchase                                            8.4       Lite Documentation                         AA+                               285000                    285000                    285000                         198616       6 mo int on 80%
621024714                                               1300.3                 6/1/2007                  136000                                  135903.62       Cash Out Refinance                                11.05       Stated Income Documentation                AA+                               170000                    167000                         0                      135952.03       6 mo int on 80%
621024787                                              2466.96                 6/1/2007                347696.5                                  347446.11       Cash Out Refinance                                 7.65       Stated Income Documentation                A                                 535000                    535000                         0                       347696.5       6 mo int on 80%
621024789                                               682.05                 6/1/2007                  113500                                  113458.06       Rate/Term Refinance                                6.99       Full Documentation                         AA+                               183000                    183000                         0                      113479.09       6 mo int on 80%
621024790                                              3271.67                 6/1/2007                  520000                                     520000       Purchase                                           7.55       Stated Income Documentation                AA+                               662000                    650000                    650000                         520000       6 mo int on 80%
621024794                                               2112.5                 7/1/2007                  252000                                   251985.4       Purchase                                           9.99       Full Documentation                         AA+                               290000                    280000                    280000                         252000       6 mo int on 80%
621024795                                              1416.79                 7/1/2007                  210400                                  210231.58       Purchase                                           7.12       Full Documentation                         AA+                               333000                    300000                    330330                      210231.58       6 mo int on 80%
621024798                                              1463.16                 6/1/2007                  213000                                  212836.14       Purchase                                           7.32       Full Documentation                         AA+                               345000                    345000                    345000                         213000       6 mo int on 80%
621024801                                              1284.67                 7/1/2007                  188000                                     188000       Cash Out Refinance                                  8.2       Full Documentation                         AA+                               235000                    235000                         0                         188000       6 mo int on 80%
621024803                                               1642.2                 6/1/2007                  256500                                  256460.93       Purchase                                            7.5       Full Documentation                         AA+                               285000                    285000                    285000                         256500       6 mo int on 80%
621024822                                               836.62                 6/1/2007                   87920                                   87888.58       Cash Out Refinance                                10.99       Stated Income Documentation                AA+                               109000                    109000                         0                          87920       6 mo int on 80%
621024826                                               740.25                 7/1/2007                  110250                                  110221.03       Cash Out Refinance                                  7.9       Stated Income Documentation                AA+                               147000                    147000                         0                      110221.03       6 mo int on 80%
621024835                                              1934.49                 6/1/2007                  212000                                  211915.21       Purchase                                          10.47       Stated Income Documentation                AA                                265000                    265000                    265000                         212000       6 mo int on 80%
621024836                                                 1744                 6/1/2007                  247000                                  246820.33       Purchase                                            7.6       Stated Income Documentation                AA+                               402500                    402500                    400000                         247000       6 mo int on 80%
621024842                                              1396.14                 6/1/2007                  195500                                  195447.92       Cash Out Refinance                                 8.25       Full Documentation                         AA                                325000                    325000                         0                         195500       6 mo int on 80%
621024858                                              6902.98                 6/1/2007                  910000                                  909922.02       Cash Out Refinance                                    9       Full Documentation                         AA+                              1500000                   1500000                         0                         910000       6 mo int on 80%
621024872                                              1252.43                 7/1/2007                  180000                                  179865.07       Cash Out Refinance                                 7.45       Full Documentation                         AA+                               200000                    200000                         0                      179865.07       6 mo int on 80%
621024909                                               957.76                 6/1/2007                  116000                                  115979.91       Purchase                                            9.7       Full Documentation                         AA+                               145000                    145000                    145000                         116000       6 mo int on 80%
621024911                                              2120.96                 7/1/2007                  247500                                  247383.79       Purchase                                           9.72       Full Documentation                         AA+                               275000                    275000                    275000                         247500       6 mo int on 80%
621024944                                              2995.63                 7/1/2007                  344250                                  344094.43       Cash Out Refinance                                  9.9       Stated Income Documentation                C                                 405000                    405000                         0                         344250       6 mo int on 80%
621024979                                               867.31                 6/1/2007                   90000                                   89968.94       Purchase                                          11.15       Full Documentation                         AA+                               116000                    100000                    100000                          90000       6 mo int on 80%
621025043                                              2534.79                 6/1/2007                  269910                                  269810.02       Purchase                                         10.825       No Documentation                           AA+                               300000                    300000                    299900                         269910       6 mo int on 80%
621025059                                              1441.91                 7/1/2007                  178000                                  177967.26       Cash Out Refinance                                  9.5       Stated Income Documentation                AA+                               265000                    265000                         0                         178000       6 mo int on 80%
661023095                                              6498.37                 6/1/2007                  935000                                  934780.85       Rate/Term Refinance                                 8.2       Business Bank Statements                   AA                               1100000                   1100000                         0                         935000       6 mo int on 80%
661023266                                              2228.13                 7/1/2007                  465000                                     465000       Cash Out Refinance                                 5.75       Full Documentation                         AA+                               619000                    619000                         0                         465000       6 mo int on 80%
661024297                                               2500.7                 6/1/2007                  437750                                   437061.3       Cash Out Refinance                                  6.6       Full Documentation                         AA+                               510000                    510000                         0                      437157.63       6 mo int on 80%
661024362                                              3095.14                 5/1/2007                  364500                                  364384.24       Purchase                                             10       Stated Income Documentation                A                                 405000                    405000                    405000                         364500       6 mo int on 80%
661024427                                              3702.44                 6/1/2007                  610000                                  609258.49       Cash Out Refinance                                  6.8       Stated Income Documentation                AA+                               850000                    850000                         0                      609507.06       6 mo int on 80%
661024770                                              1896.15                 6/1/2007                  326220                                     326220       Purchase                                          6.975       Business Bank Statements                   AA+                               363000                    363000                    362247                         326220       6 mo int on 80%
661024775                                              4688.98                 6/1/2007                  693000                                  692571.91       Cash Out Refinance                                 7.75       Full Documentation                         AA+                               770000                    770000                         0                      692786.64       6 mo int on 80%
661024959                                              3306.19                 6/1/2007                  551250                                  551021.62       Cash Out Refinance                                  6.7       Full Documentation                         AA+                               735000                    735000                         0                         551250       6 mo int on 80%
661024996                                              3520.83                 6/1/2007                  500000                                     500000       Cash Out Refinance                                 8.45       Stated Income Documentation                AA+                               625000                    625000                         0                         500000       6 mo int on 80%
661025017                                              3726.72                 6/1/2007                  488000                                  487784.43       Cash Out Refinance                                  8.9       Stated Income Documentation                AA                                610000                    610000                         0                      487892.61       6 mo int on 80%
661025086                                              2155.83                 6/1/2007                  398000                                     398000       Cash Out Refinance                                  6.5       Full Documentation                         AA+                               535000                    535000                         0                         398000       6 mo int on 80%
661025143                                              5078.83                 6/1/2007                  803000                                     802873       Cash Out Refinance                                  7.4       Business Bank Statements                   AA+                               945000                    945000                         0                         803000       6 mo int on 80%
661025175                                               4580.1                 6/1/2007                  692100                                   691647.3       Purchase                                           7.55       Stated Income Documentation                AA+                               770000                    770000                    769500                         692100       6 mo int on 80%
661025246                                               3436.9                 6/1/2007                  464000                                  463776.06       Rate/Term Refinance                                 8.6       Business Bank Statements                   AA                                580000                    580000                         0                      463888.43       6 mo int on 80%
661025251                                              2847.92                 6/1/2007                  483500                                  483291.18       Rate/Term Refinance                                6.55       Stated Income Documentation                AA+                               750000                    750000                         0                         483500       6 mo int on 80%
661025255                                              3454.57                 6/1/2007                  486000                                  485894.49       Purchase                                            8.4       Stated Income Documentation                AA+                               540000                    540000                    540000                      485947.43       None
661025283                                              1966.65                 6/1/2007                  342000                                   341928.6       Cash Out Refinance                                 6.65       Full Documentation                         AA                                380000                    380000                         0                         342000       6 mo int on 80%
661025321                                              3934.37                 6/1/2007                  553500                                  553440.13       Cash Out Refinance                                  8.4       Stated Income Documentation                AA+                               615000                    615000                         0                         553500       6 mo int on 80%
661025339                                              2713.35                 6/1/2007                  455000                                  454083.11       Cash Out Refinance                                 5.95       Full Documentation                         AA                                650000                    650000                         0                         455000       6 mo int on 80%
661025400                                              4610.76                 6/1/2007                  558000                                  557425.26       Cash Out Refinance                                  9.3       Business Bank Statements                   AA+                               620000                    620000                         0                      557713.74       6 mo int on 80%
661025411                                              2921.02                 6/1/2007                  514500                                  514258.67       Cash Out Refinance                                 6.25       Full Documentation                         A                                 745000                    745000                         0                         514500       6 mo int on 80%
661025416                                              5407.65                 7/1/2007                  819718                                  819604.36       Purchase                                           7.75       Full Documentation                         AA+                               911000                    911000                    910798                         819718       6 mo int on 80%
661025453                                              1628.74                 7/1/2007                  244000                                  243967.43       Purchase                                           7.85       Stated Income Documentation                AA+                               305000                    305000                    305000                         244000       6 mo int on 80%
661025515                                              2171.24                 6/1/2007                  365500                                  365430.39       Purchase                                            6.9       Stated Income Documentation                AA+                               450000                    430000                    430000                         365500       6 mo int on 80%
661025582                                              5363.28                 7/1/2007                  815000                                  814730.47       Cash Out Refinance                                  7.5       Full Documentation                         AA                                995000                    995000                         0                         815000       6 mo int on 80%
661025584                                              3447.32                 6/1/2007                  477000                                  476951.31       Cash Out Refinance                                 8.55       Stated Income Documentation                AA+                               530000                    530000                         0                         477000       6 mo int on 80%
661025587                                              3586.41                 6/1/2007                  472000                                  471894.59       Cash Out Refinance                                 8.85       Stated Income Documentation                AA+                               620000                    620000                         0                         472000       None
661025639                                              2909.19                 6/1/2007                  532000                                  531872.73       Rate/Term Refinance                               6.275       Full Documentation                         AA+                               665000                    665000                         0                         532000       6 mo int on 80%
661025650                                              3449.95                 6/1/2007                  612000                                  611865.05       Cash Out Refinance                                  6.5       Full Documentation                         AA+                               680000                    650000                         0                         612000       6 mo int on 80%
661025663                                              3075.17                 6/1/2007                  452000                                  451862.83       Cash Out Refinance                                  7.8       Stated Income Documentation                A                                 565000                    565000                         0                         452000       6 mo int on 80%
661025669                                              3074.35                 6/1/2007                  417000                                  416723.03       Cash Out Refinance                                 8.05       Business Bank Statements                   C                                 597000                    597000                         0                         417000       6 mo int on 80%
661025670                                              2525.48                 6/1/2007                  459000                                  458769.52       Rate/Term Refinance                                   6       Full Documentation                         AA+                               540000                    540000                         0                         459000       6 mo int on 80%
661025671                                              3909.98                 6/1/2007                  507400                                  507291.29       Cash Out Refinance                                 8.99       Stated Income Documentation                AA                                610000                    610000                         0                         507400       6 mo int on 80%
661025684                                              3983.73                 6/1/2007                  596800                                  596720.34       Cash Out Refinance                                 7.85       Stated Income Documentation                AA+                               746000                    746000                         0                         596800       6 mo int on 80%
661025696                                              4984.04                 6/1/2007                  760000                                  759892.63       Cash Out Refinance                                  7.7       Stated Income Documentation                AA+                               960000                    960000                         0                         760000       6 mo int on 80%
661025748                                              5034.47                 6/1/2007                  640000                                   639952.2       Cash Out Refinance                                 9.35       Stated Income Documentation                AA+                               800000                    800000                         0                         640000       6 mo int on 80%
661025856                                              3192.78                 6/1/2007                  558900                                  558781.17       Cash Out Refinance                                  6.6       Full Documentation                         AA+                               621000                    621000                         0                         558900       6 mo int on 80%
661025868                                              3036.09                 7/1/2007                  404500                                  404463.95       Purchase                                            8.9       Stated Income Documentation                AA+                               625000                    625000                    625000                         404500       6 mo int on 80%
661025917                                              2892.24                 7/1/2007                  454500                                  454429.45       Purchase                                           7.45       Full Documentation                         AA+                               507000                    507000                    505000                         454500       6 mo int on 80%
671019662                                              3774.63                 6/1/2007                  534000                                  533881.83       Cash Out Refinance                                 8.35       Stated Income Documentation                AA                                745000                    745000                         0                      533941.12       6 mo int on 80%
671020011                                              2422.15                 6/1/2007                  424000                                   423819.2       Cash Out Refinance                                  6.6       Full Documentation                         AA+                               530000                    530000                         0                      423909.85       6 mo int on 80%
671020396                                               3014.6                 7/1/2007                  542000                                  541751.48       Cash Out Refinance                                  6.4       Full Documentation                         AA+                               700000                    700000                         0                      541876.07       6 mo int on 80%
671020424                                              4360.83                 6/1/2007                  600000                                  599589.17       Cash Out Refinance                                  7.9       Stated Income Documentation                AA+                               800000                    800000                         0                         600000       6 mo int on 80%
671020443                                              2196.24                 6/1/2007                  316000                                  315925.93       Purchase                                            8.2       Stated Income Documentation                AA+                               395000                    395000                    395000                      315963.09       6 mo int on 80%
671020444                                              5077.15                 6/1/2007                  675000                                  674688.32       Purchase                                           8.75       Full Documentation                         AA+                               764000                    764000                    750000                      674844.73       6 mo int on 80%
671020450                                              3363.63                 6/1/2007                  436500                                  436275.62       Cash Out Refinance                                 8.99       Stated Income Documentation                A                                 900000                    900000                         0                      436370.11       6 mo int on 80%
671020475                                              4592.58                 6/1/2007                  684000                                  683820.25       Cash Out Refinance                                  7.9       Stated Income Documentation                AA+                               760000                    760000                         0                      683910.42       6 mo int on 80%
671020496                                              1216.12                 6/1/2007                  115940                                  115931.59       Purchase                                           12.5       Stated Income Documentation                B                                 140000                    140000                    136400                         115940       None
671020510                                              4165.36                 6/1/2007                  567000                                  566638.65       Cash Out Refinance                                  8.7       Stated Income Documentation                AA                                630000                    630000                         0                         567000       6 mo int on 80%
671020548                                              3747.99                 6/1/2007                  445500                                  445127.44       Cash Out Refinance                                  9.9       Stated Income Documentation                AA+                               495000                    495000                         0                         445500       6 mo int on 80%
671020626                                               3694.8                 6/1/2007                  477000                                  476924.11       Cash Out Refinance                                  9.2       Stated Income Documentation                AA+                               530000                    530000                         0                       476962.2       6 mo int on 80%
671020696                                               3315.7                 6/1/2007                  423500                                  423326.32       Cash Out Refinance                                 9.15       Stated Income Documentation                B                                 605000                    605000                         0                      423413.49       6 mo int on 80%
671020697                                              7214.78                 6/1/2007                 1015000                                 1014890.22       Rate/Term Refinance                                 8.4       Full Documentation                         AA+                              1450000                   1401000                         0                        1015000       6 mo int on 80%
671020702                                              1933.67                 6/1/2007                  242100                                  242082.96       Purchase                                            9.5       Stated Income Documentation                AA+                               360000                    360000                    269000                         242100       None
671020744                                              3207.25                 6/1/2007                  527000                                  526906.44       Cash Out Refinance                                 7.09       Stated Income Documentation                AA+                               620000                    620000                         0                         527000       6 mo int on 80%
671020865                                              2662.92                 6/1/2007                  492000                                  491757.54       Cash Out Refinance                                  6.2       Full Documentation                         AA+                               615000                    615000                         0                      491879.08       6 mo int on 80%
671020877                                              3779.22                 6/1/2007                  569500                                  569422.53       Rate/Term Refinance                                 7.8       Full Documentation                         AA+                               670000                    670000                         0                         569500       6 mo int on 80%
671020894                                              4252.05                 7/1/2007                  700000                                  699875.03       Purchase                                          7.075       Business Bank Statements                   AA+                              1800000                   1710000                   1800000                         700000       6 mo int on 80%
671020905                                              5004.19                 6/1/2007                  652000                                  651858.64       Cash Out Refinance                                 8.95       Stated Income Documentation                AA+                               815000                    815000                         0                         652000       6 mo int on 80%
671020947                                              2650.23                 6/1/2007                  328500                                  328477.77       Purchase                                            9.6       Full Documentation                         A                                 366000                    366000                    365000                         328500       6 mo int on 80%
671020953                                              3755.91                 6/1/2007                  484500                                  484398.03       Cash Out Refinance                                 9.05       Full Documentation                         B                                 581000                    581000                         0                         484500       6 mo int on 80%
671020957                                               4162.8                 6/1/2007                  576000                                   575941.2       Cash Out Refinance                                 8.55       Stated Income Documentation                AA+                               640000                    610000                         0                         576000       6 mo int on 80%
671020959                                              4861.39                 6/1/2007                  585000                                  584964.86       Cash Out Refinance                                  9.9       Stated Income Documentation                AA+                               650000                    650000                         0                         585000       None
671021028                                              4688.97                 7/1/2007                  641750                                  641686.98       Cash Out Refinance                                 8.65       Full Documentation                         AA+                               755000                    755000                         0                      641686.98       6 mo int on 80%
671021079                                              4824.74                 6/1/2007                  675000                                  674928.39       Cash Out Refinance                                 8.45       Stated Income Documentation                AA+                               900000                    900000                         0                         675000       6 mo int on 80%
671021086                                              2626.38                 6/1/2007                  423000                                  422929.25       Rate/Term Refinance                                7.25       Full Documentation                         AA+                               470000                    470000                         0                         423000       6 mo int on 80%
671021172                                              5864.54                 6/1/2007                  800000                                  799462.13       Cash Out Refinance                                 7.99       Business Bank Statements                   AA+                               905000                    905000                         0                         800000       6 mo int on 80%
831076888                                              1326.58                 6/1/2007                  162000                                  161968.76       Purchase                                           9.75       Stated Income Documentation                AA+                               221500                    221500                    180000                      161979.26       6 mo int on 80%
831077163                                              3634.22                 6/1/2007                  423000                                  422403.15       Rate/Term Refinance                                9.75       Stated Income Documentation                AA                                470000                    470000                         0                      422802.66       6 mo int on 80%
831077171                                              1649.84                 6/1/2007                  222700                                     222700       Purchase                                           8.89       Stated Income Documentation                AA+                               270000                    270000                    262000                         222700       6 mo int on 80%
831077328                                              2649.47                 6/1/2007                  470000                                  469507.59       Cash Out Refinance                                  6.5       Full Documentation                         AA+                               970000                    970000                         0                      469613.32       6 mo int on 80%
831077554                                              3226.39                 6/1/2007                  500000                                  498684.91       Rate/Term Refinance                                 6.7       Full Documentation                         AA+                               640000                    640000                         0                      499124.52       6 mo int on 80%
831077629                                               4384.9                 6/1/2007                  549000                                  548883.13       Cash Out Refinance                                  9.5       Stated Income Documentation                AA+                               610000                    610000                         0                      548922.39       None
831077683                                              3190.81                 6/1/2007                  432000                                  431876.67       Cash Out Refinance                                 8.75       Full Documentation                         AA+                               480000                    480000                         0                      431918.08       6 mo int on 80%
831077697                                              3690.26                 6/1/2007                  525000                                  524881.57       Cash Out Refinance                                  8.3       Stated Income Documentation                AA+                               591000                    591000                         0                      524940.99       6 mo int on 80%
831077699                                              3540.57                 6/1/2007                  450000                                  449818.17       Cash Out Refinance                                  9.2       Stated Income Documentation                AA+                               500000                    500000                         0                      449909.43       6 mo int on 80%
831077816                                              3422.22                 6/1/2007                  441000                                  440474.68       Cash Out Refinance                                  8.6       Full Documentation                         AA+                               490000                    490000                         0                      440738.28       None
831077819                                              2677.89                 5/1/2007                  380000                                  379682.95       Purchase                                          8.125       Stated Income Documentation                AA+                               475000                    475000                    475000                      379895.03       6 mo int on 80%
831077825                                                 7375                 6/1/2007                 1200000                                    1200000       Purchase                                          7.375       Stated Income Documentation                AA+                              1525000                   1525000                   1500000                        1200000       None
831077828                                              1841.02                 7/1/2007                  271341                                  271237.29       Purchase                                           7.99       Full Documentation                         AA                                325000                    325000                    319225                      271272.09       6 mo int on 80%
831077861                                              4244.16                 5/1/2007                  585000                                  584243.69       Cash Out Refinance                                  8.4       Stated Income Documentation                AA+                              1300000                   1300000                         0                      584549.38       None
831077876                                              4835.58                 6/1/2007                  774000                                  773487.03       Cash Out Refinance                                  7.3       Stated Income Documentation                AA                                860000                    860000                         0                      773745.07       6 mo int on 80%
831077898                                              3971.88                 6/1/2007                  615000                                     615000       Cash Out Refinance                                 7.75       Stated Income Documentation                AA+                               725000                    725000                         0                         615000       6 mo int on 80%
831077900                                              3433.95                 6/1/2007                  436500                                  435741.08       Cash Out Refinance                                 8.75       Stated Income Documentation                AA+                               485000                    485000                         0                      435995.89       None
831077903                                              4878.43                 5/1/2007                  535500                                  535067.89       Cash Out Refinance                                10.45       Stated Income Documentation                AA+                               595000                    595000                         0                         535500       None
831077905                                               900.26                 6/1/2007                  108000                                  107734.63       Purchase                                            9.4       Stated Income Documentation                A                                 120000                    120000                    120000                      107790.53       6 mo int on 80%
831077921                                              3967.27                 5/1/2007                  422613                                  422298.17       Purchase                                          10.82       Stated Income Documentation                AA+                               476000                    476000                    469571                         422613       6 mo int on 80%
831077952                                              3602.77                 6/1/2007                  480000                                  479914.14       Cash Out Refinance                                  8.9       Stated Income Documentation                AA+                               600000                    600000                         0                      479957.23       6 mo int on 80%
831077956                                              2513.99                 7/1/2007                  367500                                  367279.42       Purchase                                           7.85       Stated Income Documentation                AA+                               490000                    490000                    490000                      367390.07       6 mo int on 80%
831077957                                              3118.91                 6/1/2007                  420000                                  419921.89       Cash Out Refinance                                  8.8       Stated Income Documentation                AA+                               550000                    550000                         0                      419961.09       6 mo int on 80%
831077970                                               3881.2                 6/1/2007                  540000                                   539887.2       Cash Out Refinance                                  8.5       Stated Income Documentation                AA+                               600000                    600000                         0                       539943.8       6 mo int on 80%
831077975                                              5710.37                 6/1/2007                  783000                                  782605.13       Cash Out Refinance                                 8.45       Stated Income Documentation                AA+                               885000                    885000                         0                         783000       6 mo int on 80%
831078008                                              3814.23                 6/1/2007                  449600                                  449456.79       Cash Out Refinance                                 9.99       Stated Income Documentation                B                                 562000                    562000                         0                      449528.69       6 mo int on 80%
831078076                                              4432.95                 6/1/2007                  585000                                  584831.43       Purchase                                           8.99       Full Documentation                         AA+                               650000                    650000                    650000                      584882.63       6 mo int on 80%
831078085                                              3667.26                 6/1/2007                  440000                                  439851.53       Cash Out Refinance                                  9.8       Stated Income Documentation                AA+                               550000                    550000                         0                      439926.06       6 mo int on 80%
831078201                                              2432.75                 6/1/2007                  308000                                  307954.52       Purchase                                           9.39       Stated Income Documentation                AA+                               385000                    385000                    385000                         308000       6 mo int on 80%
831078202                                              3398.31                 6/1/2007                  441000                                  440810.33       Cash Out Refinance                                 8.99       Full Documentation                         AA+                               490000                    490000                         0                      440905.52       6 mo int on 80%
831078211                                              3190.81                 6/1/2007                  432000                                  431918.08       Cash Out Refinance                                 8.75       Full Documentation                         AA+                               480000                    480000                         0                      431959.19       6 mo int on 80%
831078212                                              5266.62                 5/1/2007                  620800                                  620602.26       Cash Out Refinance                                 9.99       Stated Income Documentation                AA+                               850000                    850000                         0                         620800       None
951003005                                              4350.51                 7/1/2007                  622200                                  621273.59       Purchase                                            7.5       Full Documentation                         AA+                               760000                    760000                    732000                      621273.59       6 mo int on 80%
951003654                                              1471.21                 6/1/2007                  163500                                  163432.17       Rate/Term Refinance                                10.3       Full Documentation                         AA+                               218000                    218000                         0                         163500       2% of ppd amt
951003784                                              3938.61                 6/1/2007                  472500                                  471782.33       Cash Out Refinance                                  9.4       Stated Income Documentation                AA+                               525000                    525000                         0                      472023.42       3% / 2% / 1%
951003896                                              2329.64                 7/1/2007                  270000                                  269875.36       Purchase                                            9.8       Stated Income Documentation                AA+                               300000                    300000                    300000                         270000       6 mo int on 80%
951003928                                              3083.35                 7/1/2007                  487500                                  487414.04       Cash Out Refinance                                  7.4       Stated Income Documentation                AA+                               650000                    650000                         0                      487414.04       None
951003997                                              4699.31                 6/1/2007                  507500                                  507304.75       Cash Out Refinance                                10.65       Stated Income Documentation                B                                 725000                    725000                         0                         507500       6 mo int on 80%
951004277                                              1676.47                 6/1/2007                  241110                                   240971.4       Purchase                                              8       Full Documentation                         AA+                               278000                    278000                    267900                      241040.93       1% of UPB
951004355                                              2340.43                 6/1/2007                  260100                                  259883.26       Purchase                                           10.3       Full Documentation                         AA+                               340000                    340000                    289000                      259992.09       1% of amt prepaid
951004471                                               521.76                 6/1/2007                   51300                                   51284.83       Cash Out Refinance                                11.85       Full Documentation                         AA+                                79000                     57000                         0                          51300       1% of amt prepaid
951004494                                              4197.01                 6/1/2007                  702000                                  701736.72       Rate/Term Refinance                                6.95       Stated Income Documentation                AA+                               780000                    780000                         0                      701868.74       6 mo int on 80%
951004544                                              3554.01                 6/1/2007                  472500                                   472391.3       Cash Out Refinance                                 8.75       Full Documentation                         AA+                               606000                    500000                         0                         472500       3% / 2% / 1%
951004598                                               939.08                 6/1/2007                  125000                                  124840.05       Cash Out Refinance                                 8.25       Full Documentation                         AA                                180000                    180000                         0                       124920.3       6 mo int on 80%
951004624                                               5214.1                 6/1/2007                  675000                                  674187.67       Cash Out Refinance                                 8.55       Full Documentation                         A                                 900000                    900000                         0                      674595.28       6 mo int on 80%
951004645                                              2686.93                 6/1/2007                  340000                                   339806.4       Purchase                                            8.8       Stated Income Documentation                AA+                               682000                    682000                    680000                         340000       6 mo int on 80%
951004696                                               909.64                 6/1/2007                   89775                                   89748.15       Purchase                                           11.8       Stated Income Documentation                AA+                               114800                     95000                     99750                          89775       1% of amt prepaid
951004852                                              4195.93                 6/1/2007                  446250                                  446200.48       Cash Out Refinance                                11.15       Stated Income Documentation                AA+                               525000                    525000                         0                         446250       6 mo int on 80%
951004856                                              1373.46                 5/1/2007                  135000                                  134993.55       Purchase                                          12.18       Stated Income Documentation                AA+                               150000                    150000                    150000                         135000       3% / 2% / 1%
951004926                                               964.62                 7/1/2007                  109000                                   108952.8       Purchase                                           10.1       Full Documentation                         AA+                               177500                    157000                    157000                         109000       1% of amt prepaid
951005009                                              1228.63                 6/1/2007                  145800                                  145728.66       Purchase                                          9.525       Full Documentation                         AA+                               162000                    162000                    162000                         145800       1% of amt prepaid
951005055                                               3298.8                 7/1/2007                  450000                                  449697.45       Purchase                                           7.99       Stated Income Documentation                AA+                               535000                    535000                    500000                      449697.45       3% / 2% / 1%
951005151                                               757.23                 6/1/2007                   79200                                   79172.07       Purchase                                          11.05       Full Documentation                         AA+                               118000                     88000                     88000                          79200       1% of amt prepaid
951005307                                              1022.27                 6/1/2007                  116000                                  115949.23       Cash Out Refinance                                10.05       Business Bank Statements                   A                                 145000                    140000                         0                         116000       3% / 2% / 1%
951005417                                              1605.15                 6/1/2007                  202500                                  202485.32       Purchase                                          9.425       Full Documentation                         AA+                               227000                    227000                    225000                         202500       1% of amt prepaid
951005441                                               702.04                 6/1/2007                   72000                                   71975.96       Purchase                                           11.3       Full Documentation                         AA+                                80000                     80000                     80000                          72000       1% of amt prepaid
951006293                                                 3240                 6/1/2007                  387000                                  386807.63       Purchase                                           9.45       Stated Income Documentation                AA+                               430000                    430000                    430000                         387000       None
961078209                                              3718.77                 6/1/2007                  495000                                  494366.54       Rate/Term Refinance                                8.25       Full Documentation                         AA                                550000                    550000                         0                      494684.36       1% of UPB
961078240                                              3498.38                 6/1/2007                  390400                                  390236.29       Purchase                                          10.25       Stated Income Documentation                AA+                               525000                    488000                    488000                         390400       6 mo int on 80%
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  597                                                            215,433,582.45                             215,334,675.34
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                2,200                                                            562,397,805.30                             562,080,116.76
=====================================================================================================================================================================================================================================================================================================================================================================================================================================================

Loan Number                                        Prepayment Term          Remaining Prepayment Term          Rounding Code            Product                                   Lien Position                     Minimum Mortgage Rate           Maximum Mortgage Rate           Gross Margin         Next Adjustment Date       Initial Periodic Rate Cap       Subsequent Rate Cap       Group
-----------                                        ---------------          -------------------------       --------------------        -------                                   -------------                     ---------------------           ---------------------           ------------         --------------------       -------------------------       -------------------       -----
061079632                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061080782                                                       24                                 22       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.75                      6                     4/1/2009                            1.5                       1.5        Group 1
061081059                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061081303                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061081475                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061081673                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061081687                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.15                      6                     6/1/2009                            1.5                       1.5        Group 1
061081769                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061081841                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           17.39                    6.2                     6/1/2009                            1.5                       1.5        Group 1
061081858                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061081859                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            16.8                    6.2                     6/1/2009                            1.5                       1.5        Group 1
061081957                                                       36                                 35       U                           3/27 6 MO LIBOR                           First Lien                                            6                           14.65                      6                     5/1/2010                            1.5                       1.5        Group 1
061082032                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.7                      6                     6/1/2009                            1.5                       1.5        Group 1
061082043                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                            6                              18                      6                     5/1/2009                              3                         1        Group 1
061082137                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082173                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082177                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.99                      6                     6/1/2009                            1.5                       1.5        Group 1
061082216                                                       36                                 36       U                           3/27 6 MO LIBOR                           First Lien                                            6                          14.287                      6                     6/1/2010                            1.5                       1.5        Group 1
061082358                                                       36                                 36       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.55                      6                     6/1/2012                            1.5                       1.5        Group 1
061082361                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           15.65                    6.4                     5/1/2009                            1.5                       1.5        Group 1
061082364                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.3                      6                     5/1/2009                            1.5                       1.5        Group 1
061082373                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082414                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                          14.525                      6                     6/1/2012                            1.5                       1.5        Group 1
061082436                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082474                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           17.55                    6.2                     6/1/2009                            1.5                       1.5        Group 1
061082479                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                           14.99                      6                     6/1/2012                            1.5                       1.5        Group 1
061082485                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082497                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.75                      6                     5/1/2009                            1.5                       1.5        Group 1
061082508                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082549                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.6                      6                     6/1/2009                            1.5                       1.5        Group 1
061082578                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.99                      6                     6/1/2009                            1.5                       1.5        Group 1
061082591                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          15.625                      6                     6/1/2009                            1.5                       1.5        Group 1
061082628                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.99                      6                     6/1/2009                            1.5                       1.5        Group 1
061082635                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082644                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.85                      6                     6/1/2009                            1.5                       1.5        Group 1
061082693                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082716                                                       24                                 24                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082728                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.85                      6                     6/1/2009                            1.5                       1.5        Group 1
061082745                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                          16.325                   6.65                     6/1/2009                            1.5                       1.5        Group 1
061082763                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082772                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.675                      6                     6/1/2009                            1.5                       1.5        Group 1
061082794                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.825                      6                     5/1/2009                            1.5                       1.5        Group 1
061082808                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082815                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082819                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            17.9                    6.2                     6/1/2009                            1.5                       1.5        Group 1
061082823                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.65                      6                     6/1/2009                            1.5                       1.5        Group 1
061082827                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                          15.425                      6                     5/1/2009                            1.5                       1.5        Group 1
061082843                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                              16                      6                     6/1/2009                            1.5                       1.5        Group 1
061082845                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082855                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082857                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082880                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.65                      6                     6/1/2009                            1.5                       1.5        Group 1
061082882                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061082979                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061083022                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
061083042                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.2                      6                     6/1/2009                            1.5                       1.5        Group 1
061083063                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061083128                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.75                      6                     6/1/2009                            1.5                       1.5        Group 1
061083207                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061083211                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061083224                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.85                      6                     6/1/2009                            1.5                       1.5        Group 1
061083282                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
061083484                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.9                      6                     6/1/2009                            1.5                       1.5        Group 1
111003367                                                       36                                 35                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 1
111003370                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.05                      6                     5/1/2009                            1.5                       1.5        Group 1
111003372                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
111003397                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.85                      6                     5/1/2009                            1.5                       1.5        Group 1
111003400                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.05                      6                     5/1/2009                            1.5                       1.5        Group 1
111003414                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
111003423                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
111003433                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          12.012                      6                     6/1/2012                            1.5                       1.5        Group 1
111003440                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
111003451                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
111003476                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
111003485                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
111003488                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                            6                          12.375                      6                     5/1/2009                            1.5                       1.5        Group 1
111003490                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
111003495                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
111003500                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
111003501                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
111003502                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
111003513                                                       24                                 24       N                           2/28 6 MO LIBOR                           First Lien                                            6                            13.7                      6                     6/1/2009                            1.5                       1.5        Group 1
111003547                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
121053813                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
121053909                                                        0                                  0       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                            6                          14.175                      6                     6/1/2012                            1.5                       1.5        Group 1
121054170                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                            6                            15.7                      6                     5/1/2009                            1.5                       1.5        Group 1
121054274                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           12.65                    6.2                     6/1/2009                            1.5                       1.5        Group 1
121054281                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            18.1                      6                     5/1/2009                            1.5                       1.5        Group 1
121054309                                                        0                                  0       U                           3/27 6 MO LIBOR                           First Lien                                            6                          14.875                      6                     6/1/2010                            1.5                       1.5        Group 1
121054351                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.25                      6                     5/1/2009                            1.5                       1.5        Group 1
121054411                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            16.2                      6                     6/1/2009                            1.5                       1.5        Group 1
121054432                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            5                          15.175                      5                     6/1/2009                            1.5                       1.5        Group 1
121054469                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                            6                            14.9                      6                     6/1/2009                            1.5                       1.5        Group 1
121054477                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                           15.55                   6.65                     6/1/2009                            1.5                       1.5        Group 1
121054509                                                       24                                 24                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
121054549                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
121054559                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.85                      6                     6/1/2009                            1.5                       1.5        Group 1
121054562                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                         5.37                            15.2                   5.37                     6/1/2009                            1.5                       1.5        Group 1
121054565                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                            6                           17.05                      6                     6/1/2009                            1.5                       1.5        Group 1
121054580                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
121054587                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                         6.75                           16.95                   6.75                     6/1/2009                            1.5                       1.5        Group 1
121054605                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                          6.4                           14.75                    6.4                     6/1/2009                            1.5                       1.5        Group 1
121054684                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
121054703                                                       24                                 22       N                           2/28 6 MO LIBOR                           First Lien                                            6                          15.925                      6                     5/1/2009                            1.5                       1.5        Group 1
121054705                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                          15.075                      6                     6/1/2009                            1.5                       1.5        Group 1
121054706                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                          15.625                      6                     6/1/2009                            1.5                       1.5        Group 1
121054713                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                          13.425                    6.2                     6/1/2009                            1.5                       1.5        Group 1
121054737                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          17.075                      6                     6/1/2009                            1.5                       1.5        Group 1
121054739                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            17.1                      6                     5/1/2009                            1.5                       1.5        Group 1
121054741                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                          6.2                          15.725                    6.2                     5/1/2009                            1.5                       1.5        Group 1
121054746                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                              16                      6                     6/1/2009                            1.5                       1.5        Group 1
121054756                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.4                      6                     6/1/2009                            1.5                       1.5        Group 1
121054791                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                          6.4                           17.85                    6.4                     6/1/2009                            1.5                       1.5        Group 1
121054857                                                        0                                  0       U                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.9                      6                     6/1/2010                            1.5                       1.5        Group 1
121054906                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                          6.4                           14.65                    6.4                     6/1/2009                            1.5                       1.5        Group 1
121054962                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.75                      6                     6/1/2009                            1.5                       1.5        Group 1
151039848                                                        0                                  0       U                           3/27 6 MO LIBOR                           First Lien                                          5.6                           13.77                    5.6                     1/1/2010                              3                         1        Group 1
151041803                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
151041996                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.51                      6                     6/1/2009                            1.5                       1.5        Group 1
151042394                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           16.52                    6.4                     5/1/2009                            1.5                       1.5        Group 1
151042775                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                         8.67                           14.67                      6                     5/1/2009                              3                         1        Group 1
151042807                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
151043084                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            14.3                    6.2                     5/1/2009                              3                         1        Group 1
151043495                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                            16.8                    6.4                     6/1/2009                            1.5                       1.5        Group 1
151043907                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
151043937                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           18.32                    6.2                     5/1/2009                            1.5                       1.5        Group 1
151043983                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.45                      6                     5/1/2009                            1.5                       1.5        Group 1
151043998                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.8                      6                     5/1/2009                            1.5                       1.5        Group 1
151044061                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.9                      6                     6/1/2009                            1.5                       1.5        Group 1
151044138                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.75                      6                     6/1/2009                            1.5                       1.5        Group 1
151044146                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.7                      6                     5/1/2009                            1.5                       1.5        Group 1
151044155                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
151044184                                                        0                                  0       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                            14.6                      6                     5/1/2009                            1.5                         1        Group 1
151044209                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.22                      6                     5/1/2009                            1.5                       1.5        Group 1
151044241                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
151044256                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
151044286                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                            16.4                    6.4                     5/1/2009                            1.5                       1.5        Group 1
151044294                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                            6                           15.55                      6                     6/1/2009                            1.5                       1.5        Group 1
151044301                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.4                      6                     6/1/2009                            1.5                       1.5        Group 1
151044332                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           16.55                    6.2                     6/1/2009                            1.5                       1.5        Group 1
151044343                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
151044359                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.65                      6                     6/1/2009                            1.5                       1.5        Group 1
151044361                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
151044362                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
151044439                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
151044463                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
151044471                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.75                      6                     6/1/2009                            1.5                       1.5        Group 1
151044473                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.5                           18.35                    6.5                     6/1/2009                            1.5                       1.5        Group 1
151044485                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.75                      6                     6/1/2009                            1.5                       1.5        Group 1
151044503                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            15.9                    6.2                     6/1/2009                            1.5                       1.5        Group 1
151044533                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                            17.8                   6.65                     6/1/2009                            1.5                       1.5        Group 1
151044544                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                          15.575                    6.2                     5/1/2009                            1.5                       1.5        Group 1
151044551                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            15.9                    6.2                     5/1/2009                            1.5                       1.5        Group 1
151044556                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.05                      6                     6/1/2009                            1.5                       1.5        Group 1
151044582                                                        0                                  0                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
151044588                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                           16.45                   6.65                     5/1/2009                            1.5                       1.5        Group 1
151044602                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.1                      6                     5/1/2009                            1.5                       1.5        Group 1
151044623                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.62                      6                     6/1/2009                            1.5                       1.5        Group 1
151044628                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
151044638                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                           15.87                   6.65                     6/1/2009                            1.5                       1.5        Group 1
151044639                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           18.15                    6.2                     6/1/2009                            1.5                       1.5        Group 1
151044652                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                            6                            18.5                      6                     5/1/2009                            1.5                       1.5        Group 1
151044653                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                            6                            17.6                      6                     5/1/2009                            1.5                       1.5        Group 1
151044656                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
151044668                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            16.6                    6.2                     6/1/2009                            1.5                       1.5        Group 1
151044718                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                         7.25                           15.57                   7.25                     6/1/2009                            1.5                       1.5        Group 1
151044723                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           14.87                    6.2                     6/1/2009                            1.5                       1.5        Group 1
151044740                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.17                      6                     6/1/2009                            1.5                       1.5        Group 1
151044756                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.7                      6                     6/1/2009                            1.5                       1.5        Group 1
151044780                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.87                      6                     6/1/2009                            1.5                       1.5        Group 1
151044795                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                       1.5        Group 1
151044812                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           16.72                    6.4                     6/1/2009                            1.5                       1.5        Group 1
151044876                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.4                      6                     6/1/2009                            1.5                       1.5        Group 1
151044891                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           13.75                    6.4                     6/1/2009                            1.5                       1.5        Group 1
151044895                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                           15.02                   6.65                     6/1/2009                            1.5                       1.5        Group 1
151044963                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           17.99                    6.2                     6/1/2009                            1.5                       1.5        Group 1
151044980                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
151045062                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.75                      6                     6/1/2009                            1.5                       1.5        Group 1
161053979                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           14.95                    6.2                     6/1/2009                            1.5                       1.5        Group 1
161054121                                                        0                                  0       U                           5/25 6 MO LIBOR                           First Lien                                            6                            14.5                      6                     6/1/2012                            1.5                       1.5        Group 1
161054129                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                            6                          14.025                      6                     5/1/2009                            1.5                       1.5        Group 1
161054140                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
161054187                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           13.75                    6.2                     5/1/2009                            1.5                       1.5        Group 1
161054200                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.825                      6                     6/1/2009                            1.5                       1.5        Group 1
161054256                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.6                      6                     6/1/2009                            1.5                       1.5        Group 1
161054258                                                        0                                  0                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
161054265                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.3                      6                     6/1/2009                            1.5                       1.5        Group 1
161054269                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.87                      6                     6/1/2009                            1.5                       1.5        Group 1
161054278                                                        0                                  0       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.9                      6                     5/1/2010                            1.5                       1.5        Group 1
161054287                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.75                      6                     6/1/2009                            1.5                       1.5        Group 1
161054293                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
161054312                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.65                      6                     6/1/2009                            1.5                       1.5        Group 1
161054332                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
161054358                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.25                      6                     5/1/2009                            1.5                       1.5        Group 1
161054362                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.1                      6                     5/1/2009                            1.5                       1.5        Group 1
161054366                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
161054378                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.99                      6                     6/1/2009                            1.5                       1.5        Group 1
161054384                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         7.25                          15.895                   7.25                     6/1/2009                            1.5                       1.5        Group 1
161054385                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.17                      6                     5/1/2009                            1.5                       1.5        Group 1
161054399                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.9                      6                     5/1/2009                            1.5                       1.5        Group 1
161054411                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                           13.97                   6.65                     5/1/2009                            1.5                       1.5        Group 1
161054438                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           16.25                      6                     6/1/2009                            1.5                       1.5        Group 1
161054450                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.3                      6                     5/1/2009                            1.5                       1.5        Group 1
161054455                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           14.35                    6.4                     6/1/2009                            1.5                       1.5        Group 1
161054457                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            15.3                    6.2                     6/1/2009                            1.5                       1.5        Group 1
161054486                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           14.35                    6.2                     6/1/2009                            1.5                       1.5        Group 1
161054493                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           16.17                      6                     5/1/2009                            1.5                       1.5        Group 1
161054518                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           14.57                    6.4                     5/1/2009                            1.5                       1.5        Group 1
161054519                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           13.95                    6.2                     6/1/2009                            1.5                       1.5        Group 1
161054530                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.25                      6                     6/1/2009                            1.5                       1.5        Group 1
161054533                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                           15.87                   6.65                     6/1/2009                            1.5                       1.5        Group 1
161054550                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.3                      6                     6/1/2009                            1.5                       1.5        Group 1
161054552                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            12.5                      6                     6/1/2009                            1.5                       1.5        Group 1
161054554                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                           16.25                   6.65                     6/1/2009                            1.5                       1.5        Group 1
161054556                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
161054564                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           12.87                      6                     6/1/2009                            1.5                       1.5        Group 1
161054565                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           13.75                    6.4                     5/1/2009                            1.5                       1.5        Group 1
161054567                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.62                      6                     6/1/2009                            1.5                       1.5        Group 1
161054571                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.95                      6                     6/1/2009                            1.5                       1.5        Group 1
161054587                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           15.27                    6.2                     5/1/2009                            1.5                       1.5        Group 1
161054610                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                           14.35                      6                     6/1/2012                            1.5                       1.5        Group 1
161054671                                                        0                                  0       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            17.3                      6                     6/1/2012                            1.5                       1.5        Group 1
171042868                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171042946                                                       36                                 35                          0        Fixed Rate 15 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171043092                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171043180                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         7.25                            16.8                   7.25                     6/1/2009                            1.5                       1.5        Group 1
171043217                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171043261                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171043421                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171043633                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171043669                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                          6.4                            15.7                    6.4                     5/1/2009                            1.5                       1.5        Group 1
171043681                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                            6                           14.25                      6                     5/1/2009                            1.5                       1.5        Group 1
171043696                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          15.309                      6                     6/1/2009                            1.5                       1.5        Group 1
171043704                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171043771                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171043782                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171043803                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            7                            16.2                      7                     5/1/2009                            1.5                       1.5        Group 1
171043805                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.45                      6                     5/1/2009                            1.5                       1.5        Group 1
171043807                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171043839                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.25                      6                     5/1/2009                            1.5                       1.5        Group 1
171043865                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.75                      6                     5/1/2009                            1.5                       1.5        Group 1
171043887                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.3                      6                     6/1/2009                            1.5                       1.5        Group 1
171043919                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171043935                                                       24                                 24       N                           2/28 6 MO LIBOR                           First Lien                                            6                          13.625                      6                     6/1/2009                            1.5                       1.5        Group 1
171043955                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            12.9                    6.2                     6/1/2009                            1.5                       1.5        Group 1
171043965                                                       36                                 35       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.75                      6                     5/1/2012                            1.5                       1.5        Group 1
171043968                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            15.4                    6.2                     6/1/2009                            1.5                       1.5        Group 1
171043980                                                       24                                 24       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                         1        Group 1
171044000                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.25                      6                     6/1/2009                            1.5                       1.5        Group 1
171044034                                                       36                                 35                          0        Fixed Rate 15 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171044049                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           16.25                      6                     6/1/2009                            1.5                       1.5        Group 1
171044080                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.9                      6                     6/1/2009                            1.5                       1.5        Group 1
171044081                                                       36                                 35       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.25                      6                     5/1/2012                            1.5                       1.5        Group 1
171044093                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.8                      6                     5/1/2009                            1.5                       1.5        Group 1
171044102                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
171044103                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.05                      6                     6/1/2009                            1.5                       1.5        Group 1
171044108                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.45                      6                     6/1/2009                            1.5                       1.5        Group 1
171044125                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.5                      6                     6/1/2009                            1.5                       1.5        Group 1
171044129                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                       1.5        Group 1
171044130                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            14.5                    6.2                     5/1/2009                            1.5                       1.5        Group 1
171044139                                                       12                                 12       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.25                            14.5                   7.25                     6/1/2009                            1.5                       1.5        Group 1
171044141                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           15.35                    6.4                     5/1/2009                            1.5                       1.5        Group 1
171044172                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.85                      6                     6/1/2009                            1.5                       1.5        Group 1
171044210                                                       24                                 24       N                           2/28 6 MO LIBOR                           First Lien                                            6                           14.75                      6                     6/1/2009                            1.5                       1.5        Group 1
171044226                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.8                      6                     5/1/2009                            1.5                       1.5        Group 1
171044227                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.4                      6                     6/1/2009                            1.5                       1.5        Group 1
171044228                                                       36                                 33       N                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                         6.95                           13.95                   6.05                     3/1/2010                            1.5                       1.5        Group 1
171044241                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171044252                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            16.3                      6                     6/1/2009                            1.5                       1.5        Group 1
171044266                                                        0                                  0                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
171044271                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.15                      6                     6/1/2009                            1.5                       1.5        Group 1
171044284                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.7                      6                     6/1/2012                            1.5                       1.5        Group 1
171044292                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.05                      6                     6/1/2009                            1.5                       1.5        Group 1
171044296                                                       12                                 12       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.25                      6                     6/1/2009                            1.5                       1.5        Group 1
171044307                                                       24                                 24       U                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.55                      6                     6/1/2010                            1.5                       1.5        Group 1
171044350                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
171044402                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.75                      6                     6/1/2009                            1.5                       1.5        Group 1
171044447                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.7                      6                     6/1/2009                            1.5                       1.5        Group 1
171044453                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.39                      6                     6/1/2009                            1.5                       1.5        Group 1
171044463                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.8                      6                     6/1/2009                            1.5                       1.5        Group 1
171044488                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            16.2                      6                     6/1/2009                            1.5                       1.5        Group 1
191037099                                                       24                                 22       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         6.65                           13.45                   6.65                     4/1/2009                              3                         1        Group 1
191037708                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
191037758                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
191038215                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                           16.55                   6.65                     5/1/2009                              3                         1        Group 1
191038652                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.4                      6                     5/1/2009                            1.5                       1.5        Group 1
191038750                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.8                      6                     5/1/2009                            1.5                       1.5        Group 1
191038863                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           14.95                    6.2                     5/1/2009                            1.5                       1.5        Group 1
191038913                                                       36                                 35       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.45                      6                     5/1/2012                            1.5                       1.5        Group 1
191038917                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.9                      6                     5/1/2009                            1.5                       1.5        Group 1
191038928                                                       12                                 11       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           15.05                    6.2                     5/1/2009                            1.5                       1.5        Group 1
191038951                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.55                      6                     6/1/2009                            1.5                       1.5        Group 1
191038963                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.55                      6                     6/1/2009                            1.5                       1.5        Group 1
191038965                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
191038982                                                       24                                 24       N                           2/28 6 MO LIBOR                           First Lien                                            6                           12.75                      6                     6/1/2009                            1.5                       1.5        Group 1
191039020                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.4                           14.45                    6.4                     5/1/2009                            1.5                       1.5        Group 1
191039034                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            7                            17.4                      7                     5/1/2009                            1.5                       1.5        Group 1
191039048                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.4                      6                     6/1/2009                            1.5                       1.5        Group 1
191039049                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.1                      6                     6/1/2009                            1.5                       1.5        Group 1
191039074                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.2                      6                     6/1/2009                            1.5                       1.5        Group 1
191039107                                                       12                                 11       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           16.65                    6.2                     5/1/2009                            1.5                       1.5        Group 1
191039111                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.9                      6                     5/1/2009                            1.5                       1.5        Group 1
191039113                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.65                      6                     5/1/2009                            1.5                       1.5        Group 1
191039114                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.65                      6                     5/1/2009                            1.5                       1.5        Group 1
191039115                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.65                      6                     5/1/2009                            1.5                       1.5        Group 1
191039151                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         10.4                            16.4                   6.65                     5/1/2009                            1.5                       1.5        Group 1
191039186                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            14.2                    6.2                     5/1/2009                            1.5                       1.5        Group 1
191039191                                                       36                                 36       U                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           14.49                    6.2                     6/1/2010                            1.5                       1.5        Group 1
191039192                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.85                      6                     6/1/2009                            1.5                       1.5        Group 1
191039209                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.45                      6                     6/1/2009                            1.5                       1.5        Group 1
191039213                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          7.4                           15.95                    7.4                     5/1/2009                            1.5                       1.5        Group 1
191039219                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           16.05                    6.2                     6/1/2009                            1.5                       1.5        Group 1
191039231                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.65                      6                     5/1/2009                            1.5                       1.5        Group 1
191039239                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.25                      6                     6/1/2009                            1.5                       1.5        Group 1
191039249                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           12.65                      6                     6/1/2009                            1.5                       1.5        Group 1
191039257                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.99                      6                     5/1/2009                            1.5                       1.5        Group 1
191039278                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                              16                      6                     5/1/2009                            1.5                       1.5        Group 1
191039280                                                       12                                 12                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
191039312                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.3                      6                     6/1/2009                            1.5                       1.5        Group 1
191039336                                                       12                                 11       U                           2/28 6 MO LIBOR                           First Lien                                          6.9                            18.1                    6.9                     5/1/2009                            1.5                       1.5        Group 1
191039370                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
191039372                                                       36                                 36       N                           5/25 6 MO LIBOR                           First Lien                                          7.3                            13.3                      6                     6/1/2012                            1.5                       1.5        Group 1
191039377                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.45                      6                     6/1/2009                            1.5                       1.5        Group 1
191039385                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.2                      6                     6/1/2009                            1.5                       1.5        Group 1
191039405                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.25                      6                     6/1/2009                            1.5                       1.5        Group 1
191039413                                                       36                                 36                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 1
191039415                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.6                      6                     6/1/2009                            1.5                       1.5        Group 1
191039417                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.5                      6                     6/1/2009                            1.5                       1.5        Group 1
191039423                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.9                      6                     6/1/2009                            1.5                       1.5        Group 1
191039461                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                            14.7                    6.4                     6/1/2009                            1.5                       1.5        Group 1
191039462                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
191039495                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.8                      6                     6/1/2009                            1.5                       1.5        Group 1
191039512                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                          16.125                      6                     6/1/2009                            1.5                       1.5        Group 1
191039531                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                           15.15                   6.65                     6/1/2009                            1.5                       1.5        Group 1
191039536                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.7                      6                     6/1/2009                            1.5                       1.5        Group 1
191039539                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
191039570                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.2                      6                     6/1/2009                            1.5                       1.5        Group 1
191039596                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
191039607                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.6                      6                     6/1/2009                            1.5                       1.5        Group 1
191039652                                                       12                                 12       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            16.6                      6                     6/1/2009                            1.5                       1.5        Group 1
211055076                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
211055154                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211055281                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.67                      6                     5/1/2009                              3                         1        Group 1
211055871                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                          14.925                    6.2                     6/1/2009                            1.5                       1.5        Group 1
211056512                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.2                      6                     6/1/2009                            1.5                       1.5        Group 1
211056530                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.85                      6                     5/1/2009                            1.5                       1.5        Group 1
211056620                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.1                      6                     6/1/2009                            1.5                       1.5        Group 1
211056771                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.97                      6                     5/1/2009                            1.5                       1.5        Group 1
211056830                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
211056847                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
211056995                                                       36                                 36       U                           3/27 6 MO LIBOR                           First Lien                                          6.2                          14.925                    6.2                     6/1/2010                            1.5                       1.5        Group 1
211057020                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057047                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057091                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.55                      6                     5/1/2009                            1.5                       1.5        Group 1
211057113                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.1                      6                     5/1/2009                            1.5                       1.5        Group 1
211057114                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.45                      6                     6/1/2009                            1.5                       1.5        Group 1
211057135                                                        0                                  0                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057153                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.3                      6                     6/1/2009                            1.5                       1.5        Group 1
211057169                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057185                                                       36                                 35       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.47                      6                     5/1/2010                            1.5                       1.5        Group 1
211057186                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.95                      6                     5/1/2009                            1.5                       1.5        Group 1
211057206                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                           14.12                   6.65                     6/1/2009                            1.5                       1.5        Group 1
211057210                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057219                                                       24                                 23       U                           2/28 6 MO LIBOR IO                        First Lien                                          5.5                           13.62                    5.5                     6/1/2009                            1.5                       1.5        Group 1
211057232                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.25                      6                     5/1/2009                            1.5                       1.5        Group 1
211057236                                                       36                                 35       U                           3/27 6 MO LIBOR                           First Lien                                            6                          13.975                      6                     5/1/2010                            1.5                       1.5        Group 1
211057243                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.4                      6                     5/1/2009                            1.5                       1.5        Group 1
211057291                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057294                                                       36                                 35       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.77                      6                     5/1/2009                            1.5                       1.5        Group 1
211057297                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057307                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057315                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.65                      6                     6/1/2009                            1.5                       1.5        Group 1
211057320                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.4                      6                     5/1/2009                            1.5                       1.5        Group 1
211057321                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057336                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           14.99                    6.2                     5/1/2009                            1.5                       1.5        Group 1
211057353                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057416                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.3                      6                     5/1/2009                            1.5                       1.5        Group 1
211057417                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            18.4                    6.2                     5/1/2009                            1.5                       1.5        Group 1
211057429                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.95                      6                     6/1/2009                            1.5                       1.5        Group 1
211057442                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.2                      6                     6/1/2009                            1.5                       1.5        Group 1
211057462                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.9                      6                     5/1/2009                            1.5                       1.5        Group 1
211057469                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.99                      6                     6/1/2009                            1.5                       1.5        Group 1
211057482                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.5                      6                     5/1/2009                            1.5                       1.5        Group 1
211057503                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.62                      6                     5/1/2009                            1.5                       1.5        Group 1
211057508                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057516                                                       36                                 36                          0        Fixed Rate 30 Yr Rate Reduction           First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057528                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.25                      6                     6/1/2009                            1.5                       1.5        Group 1
211057568                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.45                      6                     5/1/2009                            1.5                       1.5        Group 1
211057599                                                       24                                 24                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057604                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                          6.2                            16.7                    6.2                     6/1/2009                            1.5                       1.5        Group 1
211057614                                                        0                                  0       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                          5.6                           12.85                    5.6                     6/1/2010                            1.5                       1.5        Group 1
211057640                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.3                      6                     6/1/2009                            1.5                       1.5        Group 1
211057656                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057663                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.15                      6                     6/1/2009                            1.5                       1.5        Group 1
211057666                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057692                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057711                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           16.57                      6                     6/1/2009                            1.5                       1.5        Group 1
211057713                                                        0                                  0       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.45                      6                     6/1/2012                            1.5                       1.5        Group 1
211057717                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057720                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.5                      6                     6/1/2009                            1.5                       1.5        Group 1
211057721                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.55                           14.85                   6.55                     5/1/2009                            1.5                       1.5        Group 1
211057727                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                          13.925                    6.2                     5/1/2009                            1.5                       1.5        Group 1
211057751                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.89                      6                     6/1/2012                            1.5                       1.5        Group 1
211057770                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057773                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                            15.5                    6.4                     6/1/2009                            1.5                       1.5        Group 1
211057798                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.7                      6                     6/1/2009                            1.5                       1.5        Group 1
211057806                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057809                                                       24                                 24                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057832                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.1                      6                     6/1/2009                            1.5                       1.5        Group 1
211057848                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           16.25                      6                     5/1/2009                            1.5                       1.5        Group 1
211057851                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057878                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.5                      6                     6/1/2009                            1.5                       1.5        Group 1
211057892                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.51                      6                     6/1/2009                            1.5                       1.5        Group 1
211057899                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057917                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           15.99                    6.4                     6/1/2009                            1.5                       1.5        Group 1
211057972                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211057974                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           14.85                    6.2                     6/1/2009                            1.5                       1.5        Group 1
211057986                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.02                      6                     6/1/2009                            1.5                       1.5        Group 1
211057991                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.85                      6                     6/1/2009                            1.5                       1.5        Group 1
211058000                                                        0                                  0                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
211058033                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           14.45                    6.2                     6/1/2009                            1.5                       1.5        Group 1
211058101                                                       24                                 24       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                           13.25                      6                     6/1/2009                            1.5                       1.5        Group 1
211058102                                                       24                                 24                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
211058141                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.99                      6                     6/1/2009                            1.5                       1.5        Group 1
211058175                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.05                      6                     6/1/2009                            1.5                       1.5        Group 1
211058275                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.6                      6                     6/1/2009                            1.5                       1.5        Group 1
211058291                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            17.7                      6                     6/1/2009                            1.5                       1.5        Group 1
231092397                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.95                      6                     6/1/2009                            1.5                       1.5        Group 1
231092623                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.85                      6                     6/1/2009                            1.5                       1.5        Group 1
231092779                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.15                      6                     6/1/2009                            1.5                       1.5        Group 1
231092984                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231092992                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231093008                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            14.4                    6.2                     6/1/2009                            1.5                       1.5        Group 1
231093113                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.8                      6                     6/1/2009                            1.5                       1.5        Group 1
231093168                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231093329                                                        0                                  0                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
231093497                                                       12                                 12                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231093620                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231093624                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231093648                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231093716                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           14.67                    6.4                     6/1/2009                            1.5                       1.5        Group 1
231093732                                                        0                                  0       U                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                            6                          12.925                      6                     6/1/2010                            1.5                       1.5        Group 1
231093733                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           18.05                      6                     6/1/2009                            1.5                       1.5        Group 1
231093763                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.1                      6                     6/1/2009                            1.5                       1.5        Group 1
231093791                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.7                      6                     6/1/2009                            1.5                       1.5        Group 1
231093817                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.15                      6                     6/1/2009                            1.5                       1.5        Group 1
231093827                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231093834                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231093850                                                        0                                  0       U                           3/27 6 MO LIBOR                           First Lien                                            6                           14.37                      6                     6/1/2010                            1.5                       1.5        Group 1
231093872                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.5                      6                     6/1/2009                            1.5                       1.5        Group 1
231093891                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.65                      6                     6/1/2009                            1.5                       1.5        Group 1
231093915                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.5                           16.05                    6.5                     6/1/2009                            1.5                       1.5        Group 1
231093933                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                          15.525                    6.2                     6/1/2009                            1.5                       1.5        Group 1
231093945                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.55                      6                     6/1/2009                            1.5                       1.5        Group 1
231093947                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           17.84                    6.2                     6/1/2009                            1.5                       1.5        Group 1
231093960                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231093976                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.9                      6                     5/1/2009                            1.5                       1.5        Group 1
231093979                                                       12                                 12       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.1                      6                     6/1/2009                            1.5                       1.5        Group 1
231094027                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                        5.361                           18.25                  5.361                     5/1/2009                            1.5                       1.5        Group 1
231094042                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                           12.85                      6                     6/1/2012                            1.5                       1.5        Group 1
231094046                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           14.75                    6.4                     6/1/2009                            1.5                       1.5        Group 1
231094052                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           15.95                    6.2                     6/1/2009                            1.5                       1.5        Group 1
231094078                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          7.2                            14.3                    7.2                     6/1/2009                            1.5                       1.5        Group 1
231094092                                                       24                                 24                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231094107                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                              16                      6                     6/1/2009                            1.5                       1.5        Group 1
231094117                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231094195                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.37                      6                     6/1/2009                            1.5                       1.5        Group 1
231094202                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.65                      6                     6/1/2009                            1.5                       1.5        Group 1
231094228                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                              16                      6                     6/1/2009                            1.5                       1.5        Group 1
231094253                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.5                      6                     6/1/2009                            1.5                       1.5        Group 1
231094260                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                            17.3                   6.65                     6/1/2009                            1.5                       1.5        Group 1
231094277                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.15                      6                     6/1/2009                            1.5                       1.5        Group 1
231094298                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.2                      6                     6/1/2009                            1.5                       1.5        Group 1
231094304                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231094310                                                        0                                  0       U                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.05                      6                     6/1/2010                            1.5                       1.5        Group 1
231094335                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.75                      6                     6/1/2009                            1.5                       1.5        Group 1
231094358                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.99                      6                     6/1/2009                            1.5                       1.5        Group 1
231094377                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                            16.8                      6                     6/1/2012                            1.5                       1.5        Group 1
231094382                                                        0                                  0       U                           3/27 6 MO LIBOR                           First Lien                                            6                              17                      6                     6/1/2010                            1.5                       1.5        Group 1
231094384                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.7                      6                     6/1/2009                            1.5                       1.5        Group 1
231094385                                                        0                                  0       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.99                      6                     6/1/2012                            1.5                       1.5        Group 1
231094392                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                            14.8                    6.4                     6/1/2009                            1.5                       1.5        Group 1
231094394                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.84                      6                     6/1/2009                            1.5                       1.5        Group 1
231094400                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
231094417                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.99                      6                     6/1/2009                            1.5                       1.5        Group 1
231094420                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.25                      6                     6/1/2009                            1.5                       1.5        Group 1
231094433                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.95                      6                     6/1/2009                            1.5                       1.5        Group 1
231094449                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            13.5                    6.2                     5/1/2009                            1.5                       1.5        Group 1
231094455                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231094465                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.35                      6                     6/1/2009                            1.5                       1.5        Group 1
231094469                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.85                      6                     6/1/2009                            1.5                       1.5        Group 1
231094485                                                       24                                 24                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231094486                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231094500                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           16.97                    6.4                     6/1/2009                            1.5                       1.5        Group 1
231094502                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.75                      6                     6/1/2009                            1.5                       1.5        Group 1
231094504                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            16.8                    6.2                     5/1/2009                            1.5                       1.5        Group 1
231094507                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.99                      6                     6/1/2009                            1.5                       1.5        Group 1
231094517                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.65                      6                     6/1/2009                            1.5                       1.5        Group 1
231094524                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.3                      6                     6/1/2009                            1.5                       1.5        Group 1
231094534                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           14.99                    6.2                     6/1/2009                            1.5                       1.5        Group 1
231094539                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                          15.125                      6                     6/1/2009                            1.5                       1.5        Group 1
231094569                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            16.9                    6.2                     6/1/2009                            1.5                       1.5        Group 1
231094589                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           13.92                    6.4                     6/1/2009                            1.5                       1.5        Group 1
231094594                                                        0                                  0                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 1
231094615                                                        0                                  0                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
231094641                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.925                      6                     6/1/2009                            1.5                       1.5        Group 1
231094642                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.55                      6                     6/1/2009                            1.5                       1.5        Group 1
231094646                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231094653                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           16.87                    6.2                     6/1/2009                            1.5                       1.5        Group 1
231094667                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.7                           17.35                    6.7                     6/1/2009                            1.5                       1.5        Group 1
231094709                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           16.57                      6                     6/1/2009                            1.5                       1.5        Group 1
231094714                                                        0                                  0       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           12.97                      6                     6/1/2012                            1.5                       1.5        Group 1
231094759                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.6                      6                     6/1/2009                            1.5                       1.5        Group 1
231094769                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           15.45                    6.2                     6/1/2009                            1.5                       1.5        Group 1
231094801                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         7.25                            16.8                   7.25                     6/1/2009                            1.5                       1.5        Group 1
231094847                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.3                      6                     6/1/2009                            1.5                       1.5        Group 1
231094881                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.9                      6                     6/1/2009                            1.5                       1.5        Group 1
231094932                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
231094954                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                              16                    6.2                     6/1/2009                            1.5                       1.5        Group 1
231094955                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.9                      6                     6/1/2009                            1.5                       1.5        Group 1
331053100                                                       12                                 11                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331054406                                                        0                                  0       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.27                      6                     6/1/2010                            1.5                       1.5        Group 1
331054902                                                       12                                 12                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331055098                                                        0                                  0       U                           3/27 6 MO LIBOR                           First Lien                                          6.9                          15.125                    6.9                     6/1/2010                            1.5                       1.5        Group 1
331055456                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.5                      6                     5/1/2009                            1.5                       1.5        Group 1
331055493                                                        0                                  0       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                              14                      6                     5/1/2012                            1.5                       1.5        Group 1
331056169                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.45                      6                     5/1/2009                            1.5                       1.5        Group 1
331056282                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.5                      6                     5/1/2009                            1.5                       1.5        Group 1
331056417                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331056569                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           12.35                    6.2                     5/1/2009                            1.5                       1.5        Group 1
331056626                                                       12                                 12                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331056659                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.2                      6                     6/1/2009                            1.5                       1.5        Group 1
331056863                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331056970                                                       12                                 11                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331056974                                                       12                                 11       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.9                      6                     5/1/2009                            1.5                       1.5        Group 1
331056986                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331056999                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057008                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                         6.75                           17.35                   6.75                     5/1/2009                            1.5                       1.5        Group 1
331057009                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.45                      6                     6/1/2009                            1.5                       1.5        Group 1
331057059                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057072                                                        0                                  0                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057086                                                       12                                 12                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057093                                                       12                                 11       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.35                      6                     5/1/2009                            1.5                       1.5        Group 1
331057115                                                       24                                 23                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057142                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                       1.5        Group 1
331057156                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                              13                      6                     6/1/2009                            1.5                       1.5        Group 1
331057176                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         8.55                           14.55                      6                     5/1/2009                              3                         1        Group 1
331057200                                                       12                                 12       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.9                      6                     6/1/2012                            1.5                       1.5        Group 1
331057232                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.99                      6                     6/1/2009                            1.5                       1.5        Group 1
331057246                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.8                      6                     5/1/2009                            1.5                       1.5        Group 1
331057278                                                       12                                 12                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057296                                                       12                                 11                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057321                                                       24                                 23                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057332                                                       12                                 11                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057341                                                       12                                 11       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.2                      6                     5/1/2009                            1.5                       1.5        Group 1
331057375                                                        0                                  0                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057391                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                         7.85                           13.85                   6.65                     5/1/2009                              3                         1        Group 1
331057397                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057406                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.35                      6                     6/1/2009                            1.5                       1.5        Group 1
331057419                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                          13.625                    6.2                     5/1/2009                            1.5                       1.5        Group 1
331057458                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           15.99                    6.2                     6/1/2009                            1.5                       1.5        Group 1
331057459                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.55                      6                     6/1/2009                            1.5                       1.5        Group 1
331057487                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.95                      6                     6/1/2009                            1.5                       1.5        Group 1
331057499                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.1                      6                     6/1/2009                            1.5                       1.5        Group 1
331057536                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057563                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                              14                      6                     6/1/2009                            1.5                       1.5        Group 1
331057583                                                       12                                 12                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057591                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                           14.65                   6.65                     6/1/2009                            1.5                       1.5        Group 1
331057598                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057600                                                       12                                 12       U                           5/25 6 MO LIBOR                           First Lien                                            6                           13.75                      6                     6/1/2012                            1.5                       1.5        Group 1
331057605                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.99                      6                     6/1/2009                            1.5                       1.5        Group 1
331057609                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           13.45                    6.2                     5/1/2009                            1.5                       1.5        Group 1
331057636                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057638                                                       12                                 12                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057640                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057642                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057709                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           17.35                      6                     6/1/2009                            1.5                       1.5        Group 1
331057712                                                        0                                  0                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057722                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            14.5                    6.2                     6/1/2009                            1.5                       1.5        Group 1
331057726                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057735                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           15.32                    6.2                     6/1/2009                            1.5                       1.5        Group 1
331057759                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.99                      6                     5/1/2009                            1.5                       1.5        Group 1
331057762                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.22                      6                     6/1/2009                            1.5                       1.5        Group 1
331057794                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.15                      6                     6/1/2009                            1.5                       1.5        Group 1
331057799                                                       36                                 36       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            18.3                    6.2                     6/1/2009                            1.5                       1.5        Group 1
331057838                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.85                      6                     6/1/2009                            1.5                       1.5        Group 1
331057846                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            12.7                      6                     6/1/2009                            1.5                       1.5        Group 1
331057848                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.9                      6                     5/1/2009                            1.5                       1.5        Group 1
331057857                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           14.99                    6.2                     6/1/2009                            1.5                       1.5        Group 1
331057862                                                       12                                 12       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                           13.99                      6                     6/1/2009                            1.5                         1        Group 1
331057873                                                       12                                 11                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057875                                                       12                                 12       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.95                      6                     6/1/2012                            1.5                       1.5        Group 1
331057886                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057909                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.8                      6                     6/1/2009                            1.5                       1.5        Group 1
331057915                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                            6                           16.65                      6                     6/1/2009                            1.5                       1.5        Group 1
331057916                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            13.2                    6.2                     6/1/2009                            1.5                       1.5        Group 1
331057922                                                       12                                 12                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057943                                                       12                                 12                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057951                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331057952                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.5                      6                     6/1/2009                            1.5                       1.5        Group 1
331057970                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.99                      6                     6/1/2009                            1.5                       1.5        Group 1
331057995                                                       12                                 12                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331058007                                                       12                                 12                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331058027                                                       12                                 12                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331058057                                                       12                                 12       U                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           12.55                      6                     6/1/2010                            1.5                       1.5        Group 1
331058059                                                        0                                  0                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331058080                                                       12                                 12       U                           5/25 6 MO LIBOR                           First Lien                                            6                            12.7                      6                     6/1/2012                            1.5                       1.5        Group 1
331058118                                                       12                                 12                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
331058204                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.7                      6                     6/1/2009                            1.5                       1.5        Group 1
331058216                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.85                      6                     6/1/2009                            1.5                       1.5        Group 1
331058225                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.55                      6                     6/1/2009                            1.5                       1.5        Group 1
331058395                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.05                      6                     6/1/2009                            1.5                       1.5        Group 1
331058432                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           13.25                    6.2                     6/1/2009                            1.5                       1.5        Group 1
341042374                                                       30                                 29                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
341042545                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
341042588                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.5                      6                     6/1/2009                            1.5                       1.5        Group 1
341043203                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
341043329                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
341043383                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                          16.475                    6.4                     6/1/2009                            1.5                       1.5        Group 1
341043442                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
341043572                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
341043868                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.1                      6                     5/1/2009                            1.5                       1.5        Group 1
341043870                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                          15.675                      6                     5/1/2009                            1.5                       1.5        Group 1
341043907                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
341043938                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.1                      6                     5/1/2009                            1.5                       1.5        Group 1
341043976                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                       1.5        Group 1
341044016                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.44                      6                     6/1/2009                            1.5                       1.5        Group 1
341044050                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            7                           17.55                      7                     6/1/2009                            1.5                       1.5        Group 1
341044066                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.8                      6                     5/1/2009                            1.5                       1.5        Group 1
341044083                                                       36                                 35       U                           3/27 6 MO LIBOR                           First Lien                                          6.2                          16.925                    6.2                     5/1/2010                            1.5                       1.5        Group 1
341044134                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
341044165                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
341044181                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.5                      6                     6/1/2009                            1.5                       1.5        Group 1
341044188                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.7                      6                     6/1/2009                            1.5                       1.5        Group 1
341044278                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                          15.725                   6.65                     6/1/2009                            1.5                       1.5        Group 1
341044340                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
341044492                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
341044497                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
341044531                                                        0                                  0                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
341044578                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                          17.475                    6.4                     6/1/2009                            1.5                       1.5        Group 1
341044652                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          15.675                      6                     6/1/2009                            1.5                       1.5        Group 1
341044677                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.8                      6                     6/1/2009                            1.5                       1.5        Group 1
341044706                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.65                      6                     6/1/2009                            1.5                       1.5        Group 1
341044720                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.7                      6                     5/1/2009                            1.5                       1.5        Group 1
341044743                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.2                      6                     6/1/2009                            1.5                       1.5        Group 1
341044749                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.6                      6                     6/1/2009                            1.5                       1.5        Group 1
341044756                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
341044765                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.05                      6                     5/1/2009                            1.5                       1.5        Group 1
341044767                                                       30                                 30                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
341044790                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
341044848                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
341044869                                                       24                                 24       U                           5/25 6 MO LIBOR                           First Lien                                            6                           18.05                      6                     6/1/2012                            1.5                       1.5        Group 1
341044891                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.55                      6                     6/1/2009                            1.5                       1.5        Group 1
341044906                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          15.575                      6                     6/1/2009                            1.5                       1.5        Group 1
341044925                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
341044926                                                       30                                 30                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
341044929                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            15.6                    6.2                     5/1/2009                            1.5                       1.5        Group 1
341044967                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            14.9                    6.2                     6/1/2009                            1.5                       1.5        Group 1
341044979                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          15.375                      6                     6/1/2009                            1.5                       1.5        Group 1
341045045                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            18.3                      6                     6/1/2009                            1.5                       1.5        Group 1
341045051                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            18.3                      6                     6/1/2009                            1.5                       1.5        Group 1
341045052                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            18.3                      6                     6/1/2009                            1.5                       1.5        Group 1
341045063                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.95                      6                     6/1/2009                            1.5                       1.5        Group 1
341045126                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          14.675                      6                     6/1/2009                            1.5                       1.5        Group 1
351044794                                                        0                                  0       U                           3/27 6 MO LIBOR                           First Lien                                            6                           16.85                      6                     6/1/2010                              3                         1        Group 1
351045423                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                            6                            17.9                      6                     5/1/2009                            1.5                       1.5        Group 1
351045522                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
351045559                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
351045562                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
351045580                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          9.7                            15.7                      6                     5/1/2009                              3                         1        Group 1
351045607                                                        0                                  0       U                           5/25 6 MO LIBOR                           First Lien                                            6                            13.9                      6                     6/1/2012                            1.5                       1.5        Group 1
351045728                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
351045828                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
351045848                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            12.7                      6                     6/1/2009                            1.5                       1.5        Group 1
351045869                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
351045879                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
351045970                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
351045981                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
351045985                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
351045987                                                       36                                 35       U                           5/25 6 MO LIBOR                           First Lien                                            6                              16                      6                     5/1/2012                            1.5                       1.5        Group 1
351046009                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.75                      6                     5/1/2009                            1.5                       1.5        Group 1
351046048                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
351046065                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.7                      6                     6/1/2009                            1.5                       1.5        Group 1
351046067                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.3                      6                     6/1/2009                            1.5                       1.5        Group 1
351046082                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
351046088                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
351046098                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
351046100                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.85                      6                     6/1/2009                            1.5                       1.5        Group 1
351046112                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.8                      6                     6/1/2009                            1.5                       1.5        Group 1
371046856                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           17.49                    6.2                     6/1/2009                              3                         1        Group 1
371048222                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.65                      6                     6/1/2009                            1.5                       1.5        Group 1
371048241                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.8                      6                     6/1/2009                            1.5                       1.5        Group 1
371048248                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.15                      6                     5/1/2009                            1.5                       1.5        Group 1
371048353                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            7                            18.2                      7                     5/1/2009                            1.5                       1.5        Group 1
371048370                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.27                      6                     6/1/2009                            1.5                       1.5        Group 1
371048415                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.2                      6                     6/1/2009                            1.5                       1.5        Group 1
371048653                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.85                      6                     6/1/2009                            1.5                       1.5        Group 1
371048664                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            5                            17.8                      5                     5/1/2009                            1.5                       1.5        Group 1
371048692                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371048696                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                          15.925                    6.2                     6/1/2009                            1.5                       1.5        Group 1
371048721                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371048745                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371048751                                                       36                                 36                          0        Fixed Rate 15 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371048810                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371048817                                                       36                                 36       U                           5/25 6 MO LIBOR IO                        First Lien                                            6                           12.95                      6                     6/1/2012                            1.5                       1.5        Group 1
371048826                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
371048829                                                       36                                 36       U                           3/27 6 MO LIBOR                           First Lien                                            6                            13.3                      6                     6/1/2010                            1.5                       1.5        Group 1
371048851                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
371048902                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371048920                                                       24                                 24                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371048958                                                       24                                 24       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.57                      6                     6/1/2012                            1.5                       1.5        Group 1
371048980                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.75                      6                     6/1/2009                            1.5                       1.5        Group 1
371049030                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           15.15                    6.2                     5/1/2009                            1.5                       1.5        Group 1
371049046                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049049                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049052                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.85                      6                     5/1/2009                            1.5                       1.5        Group 1
371049090                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         7.25                            15.8                   7.25                     6/1/2009                            1.5                       1.5        Group 1
371049190                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049191                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049192                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049209                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.65                      6                     6/1/2009                            1.5                       1.5        Group 1
371049258                                                       36                                 35       U                           3/27 6 MO LIBOR                           First Lien                                            6                           14.82                      6                     5/1/2010                            1.5                       1.5        Group 1
371049259                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.75                      6                     6/1/2009                            1.5                       1.5        Group 1
371049271                                                       12                                 11       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.25                            15.1                   7.25                     5/1/2009                            1.5                       1.5        Group 1
371049298                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049342                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.27                      6                     6/1/2009                            1.5                       1.5        Group 1
371049380                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049383                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.65                      6                     6/1/2009                            1.5                       1.5        Group 1
371049421                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.95                      6                     6/1/2009                            1.5                       1.5        Group 1
371049427                                                       12                                 12                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049435                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.775                      6                     6/1/2009                            1.5                       1.5        Group 1
371049449                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.95                      6                     6/1/2009                            1.5                       1.5        Group 1
371049466                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049492                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049510                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049524                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049525                                                       24                                 24       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                            13.2                      6                     6/1/2009                            1.5                       1.5        Group 1
371049528                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.95                      6                     6/1/2009                            1.5                       1.5        Group 1
371049609                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049643                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.3                      6                     6/1/2009                            1.5                       1.5        Group 1
371049655                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049670                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.5                      6                     6/1/2009                            1.5                       1.5        Group 1
371049697                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.25                      6                     6/1/2009                            1.5                       1.5        Group 1
371049733                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049747                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.35                      6                     6/1/2009                            1.5                       1.5        Group 1
371049759                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
371049766                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.7                      6                     6/1/2009                            1.5                       1.5        Group 1
371049798                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           16.17                    6.4                     6/1/2009                            1.5                       1.5        Group 1
371049820                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.99                      6                     6/1/2009                            1.5                       1.5        Group 1
371049850                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         7.25                           14.65                   7.25                     6/1/2009                            1.5                       1.5        Group 1
371049883                                                       36                                 36       U                           3/27 6 MO LIBOR                           First Lien                                            6                           14.55                      6                     6/1/2010                            1.5                       1.5        Group 1
371049916                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.99                      6                     6/1/2009                            1.5                       1.5        Group 1
371050058                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.99                      6                     6/1/2009                            1.5                       1.5        Group 1
371050079                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.85                      6                     6/1/2009                            1.5                       1.5        Group 1
411004103                                                       36                                 35       U                           5/25 6 MO LIBOR                           First Lien                                            6                           14.75                      6                     5/1/2012                            1.5                       1.5        Group 1
411004355                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.65                      6                     6/1/2012                            1.5                       1.5        Group 1
411004356                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.45                      6                     6/1/2009                            1.5                       1.5        Group 1
411004365                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.2                      6                     5/1/2009                            1.5                       1.5        Group 1
411004368                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                            13.7                      6                     6/1/2012                            1.5                       1.5        Group 1
411004372                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
411004412                                                       24                                 24       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.55                      6                     6/1/2010                            1.5                       1.5        Group 1
411004465                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          5.1                            15.4                    5.1                     5/1/2009                            1.5                       1.5        Group 1
411004520                                                        0                                  0       U                           5/25 6 MO LIBOR                           First Lien                                            6                           16.35                      6                     6/1/2012                            1.5                       1.5        Group 1
411004524                                                       36                                 36       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.85                      6                     6/1/2012                            1.5                       1.5        Group 1
411004550                                                       36                                 36       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.95                      6                     6/1/2012                            1.5                       1.5        Group 1
411004571                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                              14                      6                     6/1/2009                            1.5                       1.5        Group 1
411004589                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.3                      6                     6/1/2009                            1.5                       1.5        Group 1
411004593                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.6                      6                     6/1/2009                            1.5                       1.5        Group 1
411004606                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.9                      6                     6/1/2012                            1.5                       1.5        Group 1
411004616                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                           17.55                      6                     6/1/2012                            1.5                       1.5        Group 1
411004617                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            18.1                      6                     6/1/2009                            1.5                       1.5        Group 1
411004622                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                          6.6                           15.45                    6.6                     6/1/2009                            1.5                       1.5        Group 1
411004627                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                            15.3                    6.4                     6/1/2009                            1.5                       1.5        Group 1
411004649                                                        0                                  0       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                            14.8                    6.4                     6/1/2012                            1.5                       1.5        Group 1
411004661                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
411004673                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          16.575                      6                     6/1/2009                            1.5                       1.5        Group 1
411004680                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                           17.15                      6                     6/1/2012                            1.5                       1.5        Group 1
411004725                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
411004737                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                           13.95                      6                     6/1/2012                            1.5                       1.5        Group 1
411004784                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                              13                      6                     6/1/2009                            1.5                       1.5        Group 1
421003855                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                          15.725                      6                     6/1/2009                              3                         1        Group 1
421004041                                                       24                                 24                          0        Fixed Rate 20 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
421004117                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.45                      6                     6/1/2009                            1.5                       1.5        Group 1
421004136                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                            16.4                    6.4                     6/1/2009                            1.5                       1.5        Group 1
421004144                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           16.25                      6                     5/1/2009                            1.5                       1.5        Group 1
421004221                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.5                      6                     5/1/2009                            1.5                       1.5        Group 1
421004229                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.7                      6                     6/1/2009                            1.5                       1.5        Group 1
421004232                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.9                      6                     6/1/2009                            1.5                       1.5        Group 1
421004235                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            17.2                    6.2                     6/1/2009                            1.5                       1.5        Group 1
421004254                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           13.95                    6.2                     6/1/2009                            1.5                       1.5        Group 1
421004275                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.9                      6                     6/1/2009                            1.5                       1.5        Group 1
421004280                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
421004283                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.7                      6                     6/1/2009                            1.5                       1.5        Group 1
421004285                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                              16                    6.4                     6/1/2009                            1.5                       1.5        Group 1
421004287                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.85                      6                     6/1/2009                            1.5                       1.5        Group 1
511053591                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
511058693                                                       36                                 35       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.75                      6                     5/1/2012                            1.5                       1.5        Group 1
511059491                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.7                      6                     5/1/2009                            1.5                       1.5        Group 1
511060021                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.75                      6                     5/1/2009                            1.5                       1.5        Group 1
511060196                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511060897                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
511061036                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                            6                            14.3                      6                     5/1/2009                            1.5                       1.5        Group 1
511061056                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         5.79                           11.85                   5.79                     5/1/2009                            1.5                       1.5        Group 1
511061092                                                       12                                 11       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           16.25                      6                     5/1/2009                            1.5                       1.5        Group 1
511061140                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            8                              14                      6                     5/1/2009                            1.5                       1.5        Group 1
511061190                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.2                      6                     5/1/2009                            1.5                       1.5        Group 1
511061219                                                       24                                 23                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
511061229                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                            6                            17.4                      6                     5/1/2009                            1.5                       1.5        Group 1
511061244                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.8                      6                     5/1/2009                            1.5                       1.5        Group 1
511061300                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           14.35                    6.2                     5/1/2009                            1.5                       1.5        Group 1
511061305                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          14.525                      6                     6/1/2009                            1.5                       1.5        Group 1
511061319                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.9                      6                     6/1/2009                            1.5                       1.5        Group 1
511061325                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.55                      6                     5/1/2009                            1.5                       1.5        Group 1
511061326                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                            15.6                    6.4                     5/1/2009                            1.5                       1.5        Group 1
511061328                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.5                      6                     5/1/2009                            1.5                       1.5        Group 1
511061346                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                          8.6                            14.6                      6                     5/1/2009                            1.5                       1.5        Group 1
511061369                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511061370                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.2                      6                     5/1/2009                            1.5                       1.5        Group 1
511061381                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.05                      6                     5/1/2009                            1.5                       1.5        Group 1
511061389                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.6                      6                     6/1/2009                            1.5                       1.5        Group 1
511061395                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.3                      6                     6/1/2009                            1.5                       1.5        Group 1
511061398                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                            15.1                    6.4                     6/1/2009                            1.5                       1.5        Group 1
511061417                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                         6.65                           14.12                   6.65                     5/1/2009                            1.5                       1.5        Group 1
511061418                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                       1.5        Group 1
511061447                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.1                      6                     5/1/2009                            1.5                       1.5        Group 1
511061467                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.65                      6                     5/1/2009                            1.5                       1.5        Group 1
511061485                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.85                      6                     5/1/2009                            1.5                       1.5        Group 1
511061495                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.05                      6                     6/1/2009                            1.5                       1.5        Group 1
511061518                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            13.5                    6.2                     6/1/2009                            1.5                       1.5        Group 1
511061531                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.4                      6                     6/1/2009                            1.5                       1.5        Group 1
511061598                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         6.05                           15.55                   6.05                     5/1/2009                            1.5                       1.5        Group 1
511061620                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           16.25                    6.2                     5/1/2009                            1.5                       1.5        Group 1
511061631                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                              16                      6                     5/1/2009                            1.5                       1.5        Group 1
511061648                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511061686                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                         7.25                           14.15                   7.25                     5/1/2009                            1.5                       1.5        Group 1
511061699                                                       12                                 11       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.9                      6                     5/1/2009                            1.5                       1.5        Group 1
511061708                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.65                      6                     5/1/2009                            1.5                       1.5        Group 1
511061712                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.75                      6                     5/1/2009                            1.5                       1.5        Group 1
511061725                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.5                      6                     5/1/2009                            1.5                       1.5        Group 1
511061730                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                            6                            17.2                      6                     5/1/2009                            1.5                       1.5        Group 1
511061748                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           14.45                    6.2                     5/1/2009                            1.5                       1.5        Group 1
511061758                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.35                      6                     5/1/2009                            1.5                       1.5        Group 1
511061760                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511061771                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.25                            15.4                   7.25                     6/1/2009                            1.5                       1.5        Group 1
511061778                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.8                      6                     6/1/2009                            1.5                       1.5        Group 1
511061783                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.25                      6                     5/1/2009                            1.5                       1.5        Group 1
511061796                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           13.95                    6.4                     5/1/2009                            1.5                       1.5        Group 1
511061806                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.7                      6                     5/1/2009                            1.5                       1.5        Group 1
511061824                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.47                      6                     5/1/2009                            1.5                       1.5        Group 1
511061829                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
511061837                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.75                      6                     5/1/2009                            1.5                       1.5        Group 1
511061848                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          9.7                            15.7                    6.2                     5/1/2009                            1.5                       1.5        Group 1
511061858                                                        0                                  0       N                           3/27 6 MO LIBOR IO                        First Lien                                            6                            14.7                      6                     5/1/2010                            1.5                       1.5        Group 1
511061889                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           13.95                    6.2                     5/1/2009                            1.5                       1.5        Group 1
511061905                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511061936                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           15.55                    6.2                     5/1/2009                            1.5                       1.5        Group 1
511061973                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            14.9                    6.2                     5/1/2009                            1.5                       1.5        Group 1
511061987                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.55                      6                     6/1/2009                            1.5                       1.5        Group 1
511061988                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.8                      6                     5/1/2009                            1.5                       1.5        Group 1
511061990                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            16.2                      6                     5/1/2009                            1.5                       1.5        Group 1
511061995                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.65                      6                     6/1/2009                            1.5                       1.5        Group 1
511061998                                                       12                                 12       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                            14.6                      6                     6/1/2009                            1.5                       1.5        Group 1
511062001                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.6                      6                     5/1/2009                            1.5                       1.5        Group 1
511062015                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.2                      6                     5/1/2009                            1.5                       1.5        Group 1
511062026                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.75                      6                     5/1/2009                            1.5                       1.5        Group 1
511062049                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.6                      6                     5/1/2009                            1.5                       1.5        Group 1
511062059                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062068                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.9                      6                     6/1/2009                            1.5                       1.5        Group 1
511062073                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.35                      6                     5/1/2009                            1.5                       1.5        Group 1
511062074                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            12.9                      6                     5/1/2009                            1.5                       1.5        Group 1
511062085                                                       24                                 24       N                           2/28 6 MO LIBOR                           First Lien                                            6                           15.95                      6                     6/1/2009                            1.5                       1.5        Group 1
511062088                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.75                      6                     5/1/2009                            1.5                       1.5        Group 1
511062121                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062124                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.7                      6                     5/1/2009                            1.5                       1.5        Group 1
511062137                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           13.85                    6.4                     6/1/2009                            1.5                       1.5        Group 1
511062139                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062167                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.35                      6                     6/1/2009                            1.5                       1.5        Group 1
511062186                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          13.425                      6                     6/1/2009                            1.5                       1.5        Group 1
511062196                                                       36                                 35       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.95                      6                     5/1/2012                            1.5                       1.5        Group 1
511062208                                                       36                                 35                          0        Fixed Rate 15 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062211                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                           12.75                      6                     6/1/2012                            1.5                       1.5        Group 1
511062213                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.8                      6                     6/1/2009                            1.5                       1.5        Group 1
511062216                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                          14.375                      6                     5/1/2009                            1.5                       1.5        Group 1
511062218                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062235                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062241                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            14.5                    6.2                     6/1/2009                            1.5                       1.5        Group 1
511062242                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            14.4                    6.2                     5/1/2009                            1.5                       1.5        Group 1
511062254                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.6                      6                     5/1/2009                            1.5                       1.5        Group 1
511062283                                                       24                                 24       N                           2/28 6 MO LIBOR                           First Lien                                            6                           14.75                      6                     6/1/2009                            1.5                       1.5        Group 1
511062316                                                       36                                 35       U                           3/27 6 MO LIBOR                           First Lien                                            6                            13.9                      6                     5/1/2010                            1.5                       1.5        Group 1
511062347                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          15.925                      6                     5/1/2009                            1.5                       1.5        Group 1
511062349                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           16.95                      6                     6/1/2009                            1.5                       1.5        Group 1
511062377                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.05                      6                     6/1/2009                            1.5                       1.5        Group 1
511062386                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                            15.7                    6.4                     6/1/2009                            1.5                       1.5        Group 1
511062398                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          14.125                      6                     5/1/2009                            1.5                       1.5        Group 1
511062419                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.85                      6                     6/1/2009                            1.5                       1.5        Group 1
511062427                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062438                                                       24                                 23       N                           2/28 6 MO LIBOR IO                        First Lien                                            6                           15.25                      6                     5/1/2009                            1.5                       1.5        Group 1
511062440                                                       24                                 23       U                           2/28 6 MO LIBOR IO                        First Lien                                          6.2                           13.95                    6.2                     5/1/2009                            1.5                       1.5        Group 1
511062452                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062479                                                       36                                 35                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062490                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           12.55                      6                     6/1/2009                            1.5                       1.5        Group 1
511062493                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062519                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.4                      6                     6/1/2009                            1.5                       1.5        Group 1
511062530                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.8                      6                     5/1/2009                            1.5                       1.5        Group 1
511062536                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.85                      6                     5/1/2009                            1.5                       1.5        Group 1
511062541                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062543                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.9                      6                     5/1/2009                            1.5                       1.5        Group 1
511062564                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.75                      6                     5/1/2009                            1.5                       1.5        Group 1
511062583                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           15.85                    6.2                     5/1/2009                            1.5                       1.5        Group 1
511062586                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.2                      6                     6/1/2009                            1.5                       1.5        Group 1
511062589                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                          15.275                    6.2                     6/1/2009                            1.5                       1.5        Group 1
511062619                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.9                      6                     6/1/2009                            1.5                       1.5        Group 1
511062635                                                       12                                 11       N                           2/28 6 MO LIBOR                           First Lien                                            6                          14.375                      6                     5/1/2009                            1.5                       1.5        Group 1
511062644                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062670                                                       24                                 24       N                           2/28 6 MO LIBOR IO                        First Lien                                            6                            13.2                      6                     6/1/2009                            1.5                       1.5        Group 1
511062679                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           13.25                    6.4                     5/1/2009                            1.5                       1.5        Group 1
511062737                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062745                                                       24                                 24       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          15.975                      6                     6/1/2012                            1.5                       1.5        Group 1
511062755                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062768                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           14.75                    6.4                     6/1/2009                            1.5                       1.5        Group 1
511062777                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062841                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.1                      6                     6/1/2009                            1.5                       1.5        Group 1
511062876                                                       36                                 36                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062898                                                       24                                 24       N                           2/28 6 MO LIBOR                           First Lien                                            6                              15                      6                     6/1/2009                            1.5                       1.5        Group 1
511062910                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062919                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511062936                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                           15.75                   6.65                     6/1/2009                            1.5                       1.5        Group 1
511062938                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.9                      6                     6/1/2009                            1.5                       1.5        Group 1
511062983                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           16.05                      6                     6/1/2009                            1.5                       1.5        Group 1
511062999                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
511063022                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.75                      6                     6/1/2009                            1.5                       1.5        Group 1
511063024                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.9                      6                     6/1/2009                            1.5                       1.5        Group 1
511063047                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.95                      6                     6/1/2009                            1.5                       1.5        Group 1
511063060                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.25                      6                     6/1/2009                            1.5                       1.5        Group 1
511063076                                                        0                                  0       U                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.1                      6                     6/1/2010                            1.5                       1.5        Group 1
511063088                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511063103                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         5.64                           11.65                   5.64                     6/1/2009                            1.5                       1.5        Group 1
511063107                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
511063121                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.55                      6                     6/1/2009                            1.5                       1.5        Group 1
511063132                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
511063192                                                       36                                 36       U                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.05                      6                     6/1/2010                            1.5                       1.5        Group 1
511063196                                                       36                                 36                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 1
511063247                                                       36                                 36                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 1
511063254                                                       36                                 36                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 1
511063284                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            18.3                      6                     6/1/2009                            1.5                       1.5        Group 1
511063289                                                       36                                 36       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           14.75                    6.4                     6/1/2012                            1.5                       1.5        Group 1
511063292                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.45                      6                     6/1/2009                            1.5                       1.5        Group 1
511063360                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
511063377                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521053052                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.9                      6                     6/1/2009                            1.5                       1.5        Group 1
521053537                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            5                            14.9                      5                     5/1/2009                            1.5                       1.5        Group 1
521054061                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521056472                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           9.475                      6                     4/1/2009                            1.5                       1.5        Group 1
521056534                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                         5.32                           15.05                   5.32                     5/1/2009                            1.5                       1.5        Group 1
521056665                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                       1.5        Group 1
521056917                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          4.6                          16.575                    4.6                     6/1/2009                            1.5                       1.5        Group 1
521056946                                                       24                                 23                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521057166                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521057276                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                         5.15                          15.775                   5.15                     6/1/2009                            1.5                       1.5        Group 1
521057382                                                       36                                 36       U                           3/27 6 MO LIBOR                           First Lien                                            6                            14.2                      6                     6/1/2010                            1.5                       1.5        Group 1
521057385                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521057412                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.49                      6                     5/1/2009                            1.5                       1.5        Group 1
521057549                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            5                           15.99                      5                     6/1/2009                            1.5                       1.5        Group 1
521057579                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                          15.425                      6                     6/1/2009                            1.5                       1.5        Group 1
521057586                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521057617                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          5.5                          14.625                    5.5                     6/1/2009                            1.5                       1.5        Group 1
521057618                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                          15.475                      6                     6/1/2009                            1.5                       1.5        Group 1
521057640                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.65                      6                     6/1/2009                            1.5                       1.5        Group 1
521057648                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.1                      6                     6/1/2009                            1.5                       1.5        Group 1
521057714                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.75                      6                     6/1/2009                            1.5                       1.5        Group 1
521057779                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521057806                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                           16.05                   6.65                     5/1/2009                            1.5                       1.5        Group 1
521057811                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.05                      6                     6/1/2009                            1.5                       1.5        Group 1
521057819                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521057821                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521057825                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                         6.85                            17.8                   6.85                     5/1/2009                            1.5                       1.5        Group 1
521057827                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                          6.2                           15.95                    6.2                     5/1/2009                              3                         1        Group 1
521057838                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.5                      6                     6/1/2009                            1.5                       1.5        Group 1
521057846                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            5                           15.45                      5                     6/1/2009                            1.5                       1.5        Group 1
521057852                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521057868                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            5                            16.5                      5                     5/1/2009                            1.5                       1.5        Group 1
521057870                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521057871                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                            13.8                   6.65                     6/1/2009                            1.5                       1.5        Group 1
521057895                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                            5                            15.8                      5                     5/1/2009                            1.5                       1.5        Group 1
521057899                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            5                           18.15                      5                     6/1/2009                            1.5                       1.5        Group 1
521057906                                                       36                                 36       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.65                      6                     6/1/2009                            1.5                       1.5        Group 1
521057948                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           14.67                    6.2                     5/1/2009                            1.5                       1.5        Group 1
521057949                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.3                      6                     5/1/2009                            1.5                       1.5        Group 1
521057958                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521057976                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521057985                                                        0                                  0       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                          5.5                          15.675                    5.5                     5/1/2012                            1.5                       1.5        Group 1
521057995                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.7                      6                     6/1/2009                            1.5                       1.5        Group 1
521058026                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         5.37                          15.275                   5.37                     5/1/2009                            1.5                       1.5        Group 1
521058032                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.95                      6                     6/1/2009                            1.5                       1.5        Group 1
521058088                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521058091                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.5                      6                     5/1/2009                            1.5                       1.5        Group 1
521058099                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                            14.8                      6                     6/1/2012                            1.5                       1.5        Group 1
521058101                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                          14.925                      6                     6/1/2012                            1.5                       1.5        Group 1
521058102                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                          14.925                      6                     6/1/2012                            1.5                       1.5        Group 1
521058103                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                          6.2                          15.975                    6.2                     6/1/2012                            1.5                       1.5        Group 1
521058148                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            5                              18                      5                     6/1/2009                            1.5                       1.5        Group 1
521058152                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.7                      6                     6/1/2009                            1.5                       1.5        Group 1
521058177                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521058209                                                       24                                 24       N                           2/28 6 MO LIBOR                           First Lien                                            6                           15.55                      6                     6/1/2009                            1.5                       1.5        Group 1
521058283                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521058292                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            5                            15.5                      5                     5/1/2009                            1.5                       1.5        Group 1
521058296                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521058324                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.8                      6                     6/1/2009                            1.5                       1.5        Group 1
521058331                                                       36                                 36                          0        Fixed Rate 20 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521058340                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            5                            15.5                      5                     6/1/2009                            1.5                       1.5        Group 1
521058353                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.65                      6                     6/1/2009                            1.5                       1.5        Group 1
521058366                                                       24                                 24                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521058384                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            5                          14.725                      5                     5/1/2009                            1.5                       1.5        Group 1
521058392                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            5                           17.95                      5                     6/1/2009                            1.5                       1.5        Group 1
521058395                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           15.55                    6.2                     5/1/2009                            1.5                       1.5        Group 1
521058398                                                       24                                 24                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521058399                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            5                              16                      5                     6/1/2009                            1.5                       1.5        Group 1
521058404                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            5                            12.6                      5                     6/1/2009                            1.5                       1.5        Group 1
521058435                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          5.6                          14.925                    5.6                     6/1/2009                            1.5                       1.5        Group 1
521058446                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                         5.75                           12.99                   5.75                     6/1/2009                            1.5                       1.5        Group 1
521058450                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            5                            16.6                      5                     6/1/2009                            1.5                       1.5        Group 1
521058486                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          14.125                      6                     6/1/2009                            1.5                       1.5        Group 1
521058498                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                         5.35                            15.6                   5.35                     6/1/2009                            1.5                       1.5        Group 1
521058503                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.75                      6                     6/1/2009                            1.5                       1.5        Group 1
521058527                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.55                      6                     6/1/2009                            1.5                       1.5        Group 1
521058552                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.15                      6                     6/1/2009                            1.5                       1.5        Group 1
521058565                                                       24                                 24       U                           5/25 6 MO LIBOR                           First Lien                                            6                            18.1                      6                     6/1/2012                            1.5                       1.5        Group 1
521058605                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                          15.325                      6                     6/1/2012                            1.5                       1.5        Group 1
521058615                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          5.4                            16.5                    5.4                     6/1/2009                            1.5                       1.5        Group 1
521058618                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          4.9                          15.975                    4.9                     6/1/2009                            1.5                       1.5        Group 1
521058663                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          5.2                          15.025                    5.2                     6/1/2009                            1.5                       1.5        Group 1
521058665                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521058673                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521058675                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                            16.9                    6.4                     6/1/2009                            1.5                       1.5        Group 1
521058720                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            18.1                      6                     6/1/2009                            1.5                       1.5        Group 1
521058721                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521058734                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521058750                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.85                      6                     6/1/2009                            1.5                       1.5        Group 1
521058753                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521058761                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.95                      6                     6/1/2009                            1.5                       1.5        Group 1
521058788                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.95                      6                     6/1/2009                            1.5                       1.5        Group 1
521058834                                                       24                                 24       N                           2/28 6 MO LIBOR                           First Lien                                            6                          15.725                      6                     6/1/2009                              3                         1        Group 1
521058836                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.45                      6                     6/1/2009                            1.5                       1.5        Group 1
521058841                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            5                          13.975                      5                     6/1/2009                            1.5                       1.5        Group 1
521058853                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521058857                                                       24                                 24       N                           2/28 6 MO LIBOR                           First Lien                                         6.65                          16.775                   6.65                     6/1/2009                              3                         1        Group 1
521058885                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            5                           13.99                      5                     6/1/2009                            1.5                       1.5        Group 1
521058984                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521058986                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.7                      6                     6/1/2009                            1.5                       1.5        Group 1
521059105                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            5                          16.525                      5                     6/1/2009                            1.5                       1.5        Group 1
521059112                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
521059236                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                              16                      6                     6/1/2009                            1.5                       1.5        Group 1
521059349                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.5                      6                     6/1/2009                            1.5                       1.5        Group 1
551029704                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551029919                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551030008                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551030015                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551030245                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                          13.675                    6.2                     5/1/2009                            1.5                       1.5        Group 1
551030684                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            18.2                      6                     5/1/2009                            1.5                       1.5        Group 1
551030883                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551030955                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551030985                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031039                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                          14.875                      6                     5/1/2009                            1.5                       1.5        Group 1
551031061                                                        0                                  0                          0        Fixed Rate 15 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031098                                                        0                                  0                          0        Fixed Rate 20 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031103                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031171                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031181                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031182                                                       36                                 36       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                          7.4                            13.4                    6.2                     6/1/2012                              3                         1        Group 1
551031204                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031228                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031241                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031263                                                       12                                 11                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031300                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031304                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031306                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.4                      6                     5/1/2009                            1.5                       1.5        Group 1
551031307                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.85                      6                     5/1/2009                            1.5                       1.5        Group 1
551031312                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           14.85                    6.2                     6/1/2009                            1.5                       1.5        Group 1
551031320                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031331                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          14.525                      6                     6/1/2009                            1.5                       1.5        Group 1
551031348                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031349                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031360                                                       36                                 36       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          13.925                      6                     6/1/2010                            1.5                       1.5        Group 1
551031364                                                       36                                 36                          0        Fixed Rate 15 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031365                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031377                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.3                      6                     6/1/2009                            1.5                       1.5        Group 1
551031380                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031381                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031384                                                        0                                  0                          0        Fixed Rate 20 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031389                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551031400                                                       36                                 36                          0        Fixed Rate 20 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032297                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032322                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.5                      6                     6/1/2009                            1.5                       1.5        Group 1
551032328                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032335                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032338                                                        0                                  0                          0        Fixed Rate 15 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032418                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.475                      6                     5/1/2009                            1.5                       1.5        Group 1
551032440                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032447                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032517                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032530                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                            16.4                    6.4                     5/1/2009                            1.5                       1.5        Group 1
551032539                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032552                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032563                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.9                      6                     5/1/2009                            1.5                       1.5        Group 1
551032567                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032571                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032628                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.35                      6                     6/1/2009                            1.5                       1.5        Group 1
551032665                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032678                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.85                      6                     6/1/2009                            1.5                       1.5        Group 1
551032682                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032687                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032712                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032723                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            17.1                    6.2                     5/1/2009                            1.5                       1.5        Group 1
551032724                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                          17.225                      6                     6/1/2009                            1.5                       1.5        Group 1
551032758                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032760                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032786                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032834                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                          6.1                           15.95                    6.1                     6/1/2009                              3                         1        Group 1
551032836                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032840                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032843                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.8                      6                     6/1/2009                            1.5                       1.5        Group 1
551032855                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.4                      6                     6/1/2009                            1.5                       1.5        Group 1
551032862                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032874                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032923                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                              18                      6                     6/1/2009                            1.5                       1.5        Group 1
551032945                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551032957                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.375                      6                     6/1/2009                            1.5                       1.5        Group 1
551032984                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551033058                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           18.45                      6                     6/1/2009                            1.5                       1.5        Group 1
551033101                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551033135                                                        0                                  0                          0        Fixed Rate 15 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551033137                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         7.25                          17.525                   7.25                     6/1/2009                            1.5                       1.5        Group 1
551033172                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551033195                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          15.144                      6                     6/1/2009                            1.5                       1.5        Group 1
551033288                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551033295                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                            15.5                   6.65                     6/1/2009                            1.5                       1.5        Group 1
551033321                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
551033372                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.25                      6                     6/1/2009                            1.5                       1.5        Group 1
581017353                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.95                      6                     5/1/2009                            1.5                       1.5        Group 1
581017706                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          7.4                           15.55                    7.4                     5/1/2009                              3                         1        Group 1
581018097                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
581018524                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.85                      6                     6/1/2009                            1.5                       1.5        Group 1
581018767                                                       24                                 22       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.7                      6                     4/1/2009                            1.5                       1.5        Group 1
581019126                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
581019401                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           13.15                    6.2                     5/1/2009                            1.5                       1.5        Group 1
581019509                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
581019574                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
581019578                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                            6                           13.35                      6                     5/1/2009                            1.5                       1.5        Group 1
581019612                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
581019663                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
581019802                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.65                      6                     5/1/2009                            1.5                       1.5        Group 1
581019804                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
581019855                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.4                      6                     6/1/2009                            1.5                       1.5        Group 1
581019893                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
581019898                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
581019937                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          13.925                      6                     6/1/2009                            1.5                       1.5        Group 1
581019947                                                       24                                 21       N                           2/28 6 MO LIBOR                           First Lien                                         7.35                           14.35                   6.25                     3/1/2009                            1.5                       1.5        Group 1
581019951                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.99                      6                     5/1/2009                            1.5                       1.5        Group 1
581019958                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.8                      6                     6/1/2012                            1.5                       1.5        Group 1
581019986                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                            14.2                   6.65                     5/1/2009                            1.5                       1.5        Group 1
581019997                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           13.75                    6.2                     6/1/2009                            1.5                       1.5        Group 1
581020014                                                        0                                  0       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                            14.1                      6                     5/1/2009                            1.5                         1        Group 1
581020022                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           14.45                    6.4                     5/1/2009                            1.5                       1.5        Group 1
581020023                                                       36                                 35       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.5                      6                     5/1/2012                            1.5                       1.5        Group 1
581020046                                                       24                                 24                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
581020052                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.9                      6                     5/1/2009                            1.5                       1.5        Group 1
581020055                                                       36                                 35       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.9                      6                     5/1/2010                            1.5                       1.5        Group 1
581020066                                                       24                                 24       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                            13.4                      6                     6/1/2009                            1.5                       1.5        Group 1
581020070                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.45                      6                     5/1/2009                            1.5                       1.5        Group 1
581020073                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
581020080                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.99                      6                     5/1/2009                            1.5                       1.5        Group 1
581020091                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           14.95                    6.4                     6/1/2009                            1.5                       1.5        Group 1
581020101                                                       24                                 21       N                           2/28 6 MO LIBOR                           First Lien                                         8.35                           15.35                    6.3                     3/1/2009                            1.5                       1.5        Group 1
581020107                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.35                      6                     5/1/2009                            1.5                       1.5        Group 1
581020122                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.5                      6                     5/1/2009                            1.5                       1.5        Group 1
581020127                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
581020130                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.8                      6                     5/1/2009                            1.5                       1.5        Group 1
581020136                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                            12.9                    6.2                     5/1/2009                            1.5                       1.5        Group 1
581020173                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.79                      6                     6/1/2009                            1.5                       1.5        Group 1
581020175                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.75                      6                     6/1/2009                            1.5                       1.5        Group 1
581020194                                                        0                                  0       U                           3/27 6 MO LIBOR                           First Lien                                            6                            16.5                      6                     5/1/2010                            1.5                       1.5        Group 1
581020202                                                        0                                  0       N                           3/27 6 MO LIBOR                           First Lien                                        10.05                           17.05                   6.45                     4/1/2010                            1.5                       1.5        Group 1
581020203                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           13.65                    6.4                     6/1/2009                            1.5                       1.5        Group 1
581020206                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.95                      6                     5/1/2009                            1.5                       1.5        Group 1
581020223                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.2                      6                     6/1/2009                            1.5                       1.5        Group 1
581020232                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.7                      6                     6/1/2009                            1.5                       1.5        Group 1
581020240                                                       36                                 35       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.54                      6                     5/1/2012                            1.5                       1.5        Group 1
581020252                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.25                      6                     6/1/2012                            1.5                       1.5        Group 1
581020301                                                        0                                  0       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           13.99                    6.2                     6/1/2012                            1.5                       1.5        Group 1
581020304                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.9                      6                     6/1/2012                            1.5                       1.5        Group 1
581020314                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                         7.25                            16.7                   7.25                     5/1/2009                            1.5                       1.5        Group 1
581020327                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.8                      6                     6/1/2009                            1.5                       1.5        Group 1
581020331                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.45                      6                     6/1/2009                            1.5                       1.5        Group 1
581020352                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            13.5                    6.2                     6/1/2009                            1.5                       1.5        Group 1
581020360                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.05                      6                     6/1/2009                            1.5                       1.5        Group 1
581020363                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.6                      6                     6/1/2009                            1.5                       1.5        Group 1
581020374                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.3                      6                     6/1/2009                            1.5                       1.5        Group 1
581020384                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.7                      6                     6/1/2009                            1.5                       1.5        Group 1
581020385                                                       36                                 36       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.15                      6                     6/1/2010                            1.5                       1.5        Group 1
581020407                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.67                      6                     6/1/2009                            1.5                       1.5        Group 1
581020409                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
581020411                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           12.89                      6                     6/1/2009                            1.5                       1.5        Group 1
581020443                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.45                      6                     6/1/2009                            1.5                       1.5        Group 1
581020447                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.9                      6                     6/1/2009                            1.5                       1.5        Group 1
581020450                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
581020472                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.3                      6                     6/1/2009                            1.5                       1.5        Group 1
581020486                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.25                      6                     6/1/2009                            1.5                       1.5        Group 1
581020511                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.25                      6                     6/1/2009                            1.5                       1.5        Group 1
581020566                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.8                      6                     6/1/2009                            1.5                       1.5        Group 1
581020582                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.85                      6                     6/1/2009                            1.5                       1.5        Group 1
581020602                                                       24                                 24       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                       1.5        Group 1
581020617                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
581020685                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
581020686                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           14.25                    6.2                     6/1/2009                            1.5                       1.5        Group 1
581020768                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.75                      6                     6/1/2009                            1.5                       1.5        Group 1
581020814                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                            14.7                    6.4                     6/1/2009                            1.5                       1.5        Group 1
621023908                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                          15.175                      6                     6/1/2009                            1.5                       1.5        Group 1
621023952                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.7                      6                     6/1/2009                            1.5                       1.5        Group 1
621024031                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                          14.625                      6                     5/1/2009                            1.5                       1.5        Group 1
621024160                                                       24                                 22       N                           2/28 6 MO LIBOR                           First Lien                                            6                           14.82                      6                     4/1/2009                            1.5                       1.5        Group 1
621024184                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                          13.975                      6                     5/1/2009                            1.5                       1.5        Group 1
621024394                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
621024421                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.6                      6                     6/1/2009                            1.5                       1.5        Group 1
621024454                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.6                      6                     6/1/2009                            1.5                       1.5        Group 1
621024498                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.25                      6                     6/1/2009                            1.5                       1.5        Group 1
621024611                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.15                      6                     6/1/2009                            1.5                       1.5        Group 1
621024617                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           16.75                      6                     6/1/2009                            1.5                       1.5        Group 1
621024660                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
621024670                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
621024673                                                       24                                 24       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                            13.6                      6                     6/1/2009                            1.5                         1        Group 1
621024675                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                            15.4                   6.65                     6/1/2009                            1.5                       1.5        Group 1
621024699                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
621024704                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
621024719                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
621024736                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.35                      6                     6/1/2009                            1.5                       1.5        Group 1
621024739                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           13.65                    6.4                     6/1/2009                            1.5                       1.5        Group 1
621024767                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.95                      6                     5/1/2009                            1.5                       1.5        Group 1
621024797                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
621024807                                                       36                                 36       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.95                      6                     6/1/2009                            1.5                       1.5        Group 1
621024808                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.1                      6                     6/1/2009                            1.5                       1.5        Group 1
621024811                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
621024818                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            15.4                    6.2                     6/1/2009                            1.5                       1.5        Group 1
621024832                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.7                      6                     6/1/2009                            1.5                       1.5        Group 1
621024834                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           16.35                      6                     5/1/2009                            1.5                       1.5        Group 1
621024856                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
621024867                                                       36                                 36       U                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                           15.85                   6.65                     6/1/2010                            1.5                       1.5        Group 1
621024871                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.25                      6                     6/1/2009                            1.5                       1.5        Group 1
621024873                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         7.25                           16.95                   7.25                     6/1/2009                            1.5                       1.5        Group 1
621024877                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
621024887                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                              18                      6                     5/1/2009                            1.5                       1.5        Group 1
621024952                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            16.1                      6                     6/1/2009                            1.5                       1.5        Group 1
621024971                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
621024975                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.6                      6                     6/1/2009                            1.5                       1.5        Group 1
621024977                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
621024978                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.5                      6                     6/1/2009                            1.5                       1.5        Group 1
621024994                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.75                      6                     6/1/2009                            1.5                       1.5        Group 1
621025025                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.6                      6                     6/1/2009                            1.5                       1.5        Group 1
621025027                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
621025083                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.55                      6                     6/1/2009                            1.5                       1.5        Group 1
661024166                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           17.05                    6.2                     5/1/2009                            1.5                       1.5        Group 1
661024255                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.37                      6                     5/1/2009                            1.5                       1.5        Group 1
661024455                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.9                      6                     5/1/2009                            1.5                       1.5        Group 1
661024537                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
661024595                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         7.25                           17.05                   7.25                     6/1/2009                            1.5                       1.5        Group 1
661024625                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
661024881                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         9.25                           15.25                      6                     5/1/2009                            1.5                       1.5        Group 1
661024895                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.95                      6                     5/1/2009                            1.5                       1.5        Group 1
661024925                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                              15                      6                     5/1/2009                            1.5                       1.5        Group 1
661025033                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                       10.125                          16.125                      6                     5/1/2009                            1.5                       1.5        Group 1
661025039                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                         7.25                            15.1                   7.25                     5/1/2009                            1.5                       1.5        Group 1
661025063                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
661025064                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
661025067                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.25                      6                     5/1/2009                              3                         1        Group 1
661025101                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
661025114                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                            15.2                   6.65                     5/1/2009                            1.5                       1.5        Group 1
661025129                                                        0                                  0                          0        Fixed Rate 20 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
661025138                                                       36                                 35       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          13.225                      6                     5/1/2012                            1.5                       1.5        Group 1
661025203                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                            13.9                   6.65                     6/1/2009                            1.5                       1.5        Group 1
661025213                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
661025223                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.25                            13.3                   7.25                     6/1/2009                            1.5                       1.5        Group 1
661025231                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.15                      6                     5/1/2009                            1.5                       1.5        Group 1
661025241                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.25                      6                     6/1/2009                            1.5                       1.5        Group 1
661025265                                                       24                                 23       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                            13.5                      6                     5/1/2009                            1.5                         1        Group 1
661025279                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
661025284                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.3                      6                     5/1/2009                            1.5                       1.5        Group 1
661025287                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.6                      6                     6/1/2009                            1.5                       1.5        Group 1
661025295                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            13.7                    6.2                     5/1/2009                            1.5                       1.5        Group 1
661025297                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                            6                           16.05                      6                     5/1/2009                            1.5                       1.5        Group 1
661025298                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                            6                            15.2                      6                     5/1/2009                            1.5                       1.5        Group 1
661025309                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.4                      6                     5/1/2009                            1.5                       1.5        Group 1
661025328                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.5                      6                     6/1/2009                            1.5                       1.5        Group 1
661025337                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                           14.65                   6.65                     5/1/2009                            1.5                       1.5        Group 1
661025350                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
661025372                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           14.35                    6.2                     6/1/2009                            1.5                       1.5        Group 1
661025373                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.4                      6                     6/1/2012                            1.5                       1.5        Group 1
661025374                                                       24                                 24       N                           2/28 6 MO LIBOR                           First Lien                                            6                           16.25                      6                     6/1/2009                            1.5                       1.5        Group 1
661025386                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           13.35                    6.2                     5/1/2009                            1.5                       1.5        Group 1
661025422                                                       12                                 11       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.15                      6                     5/1/2009                            1.5                       1.5        Group 1
661025434                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.99                      6                     5/1/2009                            1.5                       1.5        Group 1
661025452                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                            15.7                    6.4                     6/1/2009                            1.5                       1.5        Group 1
661025467                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.05                      6                     5/1/2009                            1.5                       1.5        Group 1
661025469                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           14.95                    6.4                     6/1/2009                            1.5                       1.5        Group 1
661025507                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                           15.95                   6.65                     5/1/2009                            1.5                       1.5        Group 1
661025521                                                       24                                 24       N                           2/28 6 MO LIBOR                           First Lien                                          7.4                           14.85                    7.4                     6/1/2009                            1.5                       1.5        Group 1
661025531                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.65                      6                     6/1/2009                            1.5                       1.5        Group 1
661025534                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.5                      6                     6/1/2009                            1.5                       1.5        Group 1
661025539                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.25                      6                     6/1/2009                            1.5                       1.5        Group 1
661025564                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            16.1                      6                     6/1/2009                            1.5                       1.5        Group 1
661025570                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
661025573                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
661025597                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
661025605                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.9                      6                     6/1/2009                            1.5                       1.5        Group 1
661025610                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.9                      6                     6/1/2012                            1.5                       1.5        Group 1
661025632                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           14.55                    6.2                     5/1/2009                            1.5                       1.5        Group 1
661025641                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.85                      6                     6/1/2009                            1.5                       1.5        Group 1
661025651                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.95                      6                     6/1/2009                            1.5                       1.5        Group 1
661025654                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.1                      6                     6/1/2009                            1.5                       1.5        Group 1
661025657                                                       36                                 36       U                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           13.75                    6.2                     6/1/2010                            1.5                       1.5        Group 1
661025682                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                          13.975                    6.4                     5/1/2009                            1.5                       1.5        Group 1
661025688                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           14.99                    6.2                     6/1/2009                            1.5                       1.5        Group 1
661025690                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           13.45                    6.2                     6/1/2009                            1.5                       1.5        Group 1
661025745                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.78                      6                     6/1/2012                            1.5                       1.5        Group 1
661025768                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                       1.5        Group 1
661025800                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.1                      6                     6/1/2009                            1.5                       1.5        Group 1
661025820                                                       12                                 12       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.3                      6                     6/1/2009                            1.5                       1.5        Group 1
661025843                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
661025857                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.45                      6                     6/1/2009                            1.5                       1.5        Group 1
661025864                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
661026004                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.3                      6                     6/1/2009                            1.5                       1.5        Group 1
671019953                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                              18                   6.65                     6/1/2009                              3                         1        Group 1
671019970                                                       36                                 35       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.1                      6                     5/1/2012                            1.5                       1.5        Group 1
671020486                                                       36                                 35       U                           5/25 6 MO LIBOR                           First Lien                                            6                            13.4                      6                     5/1/2012                            1.5                       1.5        Group 1
671020495                                                       24                                 24       N                           2/28 6 MO LIBOR                           First Lien                                            6                            14.7                      6                     6/1/2009                            1.5                       1.5        Group 1
671020505                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.8                      6                     5/1/2009                            1.5                       1.5        Group 1
671020521                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.3                      6                     5/1/2009                            1.5                       1.5        Group 1
671020582                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                           14.85                   6.65                     5/1/2009                            1.5                       1.5        Group 1
671020604                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           14.55                    6.4                     6/1/2009                            1.5                       1.5        Group 1
671020624                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.95                      6                     6/1/2009                            1.5                       1.5        Group 1
671020669                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
671020671                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                            12.7                    6.2                     5/1/2009                            1.5                       1.5        Group 1
671020708                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.9                      6                     5/1/2009                            1.5                       1.5        Group 1
671020718                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.85                      6                     5/1/2009                            1.5                       1.5        Group 1
671020726                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         5.84                           11.85                   5.84                     6/1/2009                            1.5                       1.5        Group 1
671020729                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
671020731                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.7                      6                     6/1/2009                            1.5                       1.5        Group 1
671020746                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.15                      6                     6/1/2009                            1.5                       1.5        Group 1
671020749                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
671020773                                                       12                                 11       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.05                      6                     5/1/2009                            1.5                       1.5        Group 1
671020808                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.7                      6                     6/1/2009                            1.5                       1.5        Group 1
671020817                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
671020851                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.3                      6                     6/1/2009                            1.5                       1.5        Group 1
671020853                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.5                      6                     6/1/2009                            1.5                       1.5        Group 1
671020864                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.99                      6                     6/1/2009                            1.5                       1.5        Group 1
671020868                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          7.4                           15.65                    7.4                     5/1/2009                            1.5                       1.5        Group 1
671020881                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.45                      6                     5/1/2009                            1.5                       1.5        Group 1
671020888                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.65                      6                     6/1/2009                            1.5                       1.5        Group 1
671020906                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.95                      6                     6/1/2009                            1.5                       1.5        Group 1
671020908                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                            14.6                    6.4                     6/1/2009                            1.5                       1.5        Group 1
671020910                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
671020926                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                              13                      6                     6/1/2009                            1.5                       1.5        Group 1
671020950                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.5                      6                     5/1/2009                            1.5                       1.5        Group 1
671020976                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          12.475                      6                     6/1/2012                            1.5                       1.5        Group 1
671020994                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.05                      6                     6/1/2009                            1.5                       1.5        Group 1
671021060                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
671021164                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         7.25                           15.05                   7.25                     6/1/2009                            1.5                       1.5        Group 1
831076889                                                       36                                 34                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831076891                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831076893                                                       24                                 22       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          7.9                           14.99                    7.9                     4/1/2009                            1.5                       1.5        Group 1
831076894                                                       24                                 22       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         6.85                           14.85                   6.85                     4/1/2009                            1.5                       1.5        Group 1
831076895                                                       24                                 22       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         9.49                           15.49                   7.46                     4/1/2009                              3                         1        Group 1
831077041                                                       24                                 22       N                           2/28 6 MO LIBOR                           First Lien                                         8.45                           14.45                    7.5                     4/1/2009                              3                         1        Group 1
831077042                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077044                                                       36                                 34                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077045                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077047                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077048                                                       12                                 10       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         8.92                           14.92                   7.75                     4/1/2009                              3                         1        Group 1
831077051                                                       36                                 34                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077166                                                       24                                 22       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                            13.2                    6.2                     4/1/2009                            1.5                       1.5        Group 1
831077210                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077211                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077212                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077213                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077214                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                        7.875                          13.875                  7.875                     4/1/2009                              3                         1        Group 1
831077253                                                       24                                 21       N                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         7.95                           14.95                    6.3                     3/1/2009                            1.5                       1.5        Group 1
831077259                                                       24                                 21       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         9.25                           16.25                   6.45                     3/1/2009                            1.5                       1.5        Group 1
831077314                                                       24                                 21       N                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.7                            13.7                    5.9                     3/1/2009                            1.5                       1.5        Group 1
831077326                                                       24                                 22       N                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         7.25                           14.25                   6.05                     4/1/2009                            1.5                       1.5        Group 1
831077331                                                        0                                  0       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         8.45                           15.45                   6.25                     3/1/2009                            1.5                       1.5        Group 1
831077334                                                       24                                 21       N                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         8.35                           15.35                   6.25                     3/1/2009                            1.5                       1.5        Group 1
831077559                                                       12                                 11                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077560                                                       12                                 11       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                        8.375                          15.375                    7.5                     5/1/2009                              3                         1        Group 1
831077564                                                       12                                 10                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077570                                                       24                                 22       N                           2/28 6 MO LIBOR                           First Lien                                         8.75                           15.75                   7.75                     4/1/2009                            1.5                       1.5        Group 1
831077579                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                          9.3                            16.3                    7.8                     5/1/2009                            1.5                       1.5        Group 1
831077594                                                       24                                 22       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.99                           14.99                   6.99                     4/1/2009                            1.5                       1.5        Group 1
831077605                                                       24                                 21       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.55                           14.55                   6.05                     3/1/2009                              2                       1.5        Group 1
831077607                                                       12                                  9                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077609                                                       36                                 33                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077613                                                       24                                 22       N                           2/28 6 MO LIBOR                           First Lien                                         8.32                           14.32                   7.32                     4/1/2009                              3                         1        Group 1
831077614                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077615                                                       24                                 22       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                        7.885                          13.885                  6.885                     4/1/2009                              3                         1        Group 1
831077618                                                       24                                 22       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.6                            12.6                    6.6                     4/1/2009                              3                         1        Group 1
831077624                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                         8.84                           14.84                   7.84                     5/1/2009                              3                         1        Group 1
831077628                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077684                                                       36                                 34                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077686                                                       12                                 10       N                           2/28 6 MO LIBOR                           First Lien                                        11.25                           18.25                    6.8                     4/1/2009                              3                         1        Group 1
831077693                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                        6.625                          13.625                  6.625                     5/1/2009                            1.5                       1.5        Group 1
831077702                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                          8.7                            15.7                    7.7                     5/1/2009                            1.5                       1.5        Group 1
831077713                                                        0                                  0       N                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         8.25                           15.25                    6.3                     3/1/2009                            1.5                       1.5        Group 1
831077715                                                        0                                  0       N                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            7                              14                    6.3                     3/1/2009                            1.5                       1.5        Group 1
831077716                                                       12                                  9                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077717                                                       36                                 33                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077719                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077807                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077808                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077809                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077810                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077811                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077812                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077814                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077815                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077820                                                       24                                 22       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.99                           14.99                   6.99                     4/1/2009                            1.5                       1.5        Group 1
831077821                                                       24                                 21       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          7.7                            14.7                    6.7                     3/1/2009                              3                         1        Group 1
831077822                                                       12                                 11       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          8.5                            15.5                    7.5                     5/1/2009                            1.5                       1.5        Group 1
831077823                                                       24                                 22       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.35                           14.35                   6.35                     4/1/2009                            1.5                       1.5        Group 1
831077827                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         9.99                           15.99                   7.99                     5/1/2009                            1.5                       1.5        Group 1
831077829                                                       36                                 34                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077832                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                         10.5                            16.5                     10                     5/1/2009                            1.5                       1.5        Group 1
831077867                                                        0                                  0       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.55                           14.55                   6.05                     3/1/2009                            1.5                       1.5        Group 1
831077873                                                        0                                  0                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077877                                                        0                                  0                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077889                                                       24                                 21       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.84                           13.84                      7                     3/1/2009                              3                         1        Group 1
831077893                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077894                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077897                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                         9.99                           15.99                    7.5                     5/1/2009                              3                         1        Group 1
831077901                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077902                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077906                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                         8.15                           14.15                    6.6                     2/1/2009                              3                         1        Group 1
831077907                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077912                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077920                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         9.55                           15.55                    7.9                     5/1/2009                              3                         1        Group 1
831077922                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         9.21                           15.21                      8                     5/1/2009                              3                         1        Group 1
831077924                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                        11.49                           17.49                    6.5                     5/1/2009                              3                         1        Group 1
831077929                                                       12                                 11                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077931                                                       12                                 11                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077932                                                       12                                 11                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077933                                                       12                                 11                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077937                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077954                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         6.25                           13.25                   6.25                     5/1/2009                            1.5                       1.5        Group 1
831077955                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                         8.75                           15.75                   7.75                     5/1/2009                            1.5                       1.5        Group 1
831077958                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077966                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         7.45                           14.45                   7.45                     5/1/2009                            1.5                       1.5        Group 1
831077968                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                          8.1                            15.1                    7.1                     5/1/2009                            1.5                       1.5        Group 1
831077974                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         7.99                            15.7                   7.99                     5/1/2009                            1.5                       1.5        Group 1
831077977                                                        0                                  0                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077981                                                       36                                 34                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077982                                                       12                                 11       N                           2/28 6 MO LIBOR                           First Lien                                         9.65                           15.65                  6.875                     5/1/2009                            1.5                       1.5        Group 1
831077983                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                         11.5                            17.5                   7.25                     5/1/2009                            1.5                       1.5        Group 1
831077984                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                        10.27                           16.27                    6.5                     5/1/2009                            1.5                       1.5        Group 1
831077985                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077986                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077987                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077988                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                         8.52                           14.52                   7.52                     5/1/2009                            1.5                       1.5        Group 1
831077989                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077990                                                       36                                 33                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077991                                                       24                                 22       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         6.99                           12.99                      6                     4/1/2009                              3                         1        Group 1
831077995                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077996                                                       36                                 33                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831077997                                                       24                                 21       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         8.95                           15.95                    6.3                     3/1/2009                            1.5                       1.5        Group 1
831077998                                                       12                                  9                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831078009                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                        10.35                           17.35                   7.35                     4/1/2009                            1.5                       1.5        Group 1
831078013                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          7.3                            14.3                    7.3                     5/1/2009                            1.5                       1.5        Group 1
831078016                                                       24                                 22       N                           2/28 6 MO LIBOR                           First Lien                                          8.8                            15.8                    7.8                     4/1/2009                            1.5                       1.5        Group 1
831078067                                                       12                                  9                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831078068                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831078075                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                         11.8                            18.8                   6.99                     5/1/2009                            1.5                       1.5        Group 1
831078077                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          8.5                            15.5                    7.5                     5/1/2009                            1.5                       1.5        Group 1
831078078                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                         9.99                           16.99                    7.8                     5/1/2009                            1.5                       1.5        Group 1
831078082                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         9.99                           16.99                   7.99                     5/1/2009                            1.5                       1.5        Group 1
831078084                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         7.39                           14.39                   7.39                     5/1/2009                            1.5                       1.5        Group 1
831078088                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831078101                                                       24                                 21       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          8.9                            15.9                   6.55                     3/1/2009                              2                       1.5        Group 1
831078108                                                       24                                 21       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         8.95                           15.95                   6.25                     3/1/2009                              2                       1.5        Group 1
831078112                                                       36                                 33       N                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                         8.55                           15.55                   6.05                     3/1/2010                              2                       1.5        Group 1
831078113                                                       24                                 21       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.9                            13.9                   6.05                     3/1/2009                              2                       1.5        Group 1
831078114                                                       24                                 21       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.95                           14.95                   6.05                     3/1/2009                              2                       1.5        Group 1
831078120                                                       36                                 33                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831078125                                                        0                                  0                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831078142                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         9.99                           15.99                    8.9                     5/1/2009                            1.5                       1.5        Group 1
831078163                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
831078179                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            8                              15                   7.35                     5/1/2009                            1.5                       1.5        Group 1
831078180                                                       36                                 34                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
831078200                                                       12                                 11       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          8.5                            15.5                    7.5                     5/1/2009                            1.5                       1.5        Group 1
831078203                                                       12                                 11       N                           2/28 6 MO LIBOR                           First Lien                                         8.25                           15.25                   7.25                     5/1/2009                            1.5                       1.5        Group 1
831078210                                                       24                                 21       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.75                           14.75                   6.25                     3/1/2009                            1.5                       1.5        Group 1
951003760                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            18.4                      6                     5/1/2009                              3                         1        Group 1
951003820                                                       36                                 36       U                           3/27 6 MO LIBOR                           First Lien                                            6                          14.625                      6                     6/1/2010                            1.5                       1.5        Group 1
951003869                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951003945                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.75                      6                     6/1/2009                            1.5                       1.5        Group 1
951004179                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.7                      6                     6/1/2009                            1.5                       1.5        Group 1
951004230                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951004289                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951004454                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.55                      6                     6/1/2009                            1.5                       1.5        Group 1
951004493                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.85                      6                     6/1/2009                            1.5                       1.5        Group 1
951004548                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                         7.75                           13.75                      6                     5/1/2009                            1.5                       1.5        Group 1
951004573                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.25                      6                     6/1/2009                            1.5                       1.5        Group 1
951004618                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.15                      6                     5/1/2009                            1.5                       1.5        Group 1
951004631                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951004662                                                       12                                 12                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951004683                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.12                      6                     6/1/2009                            1.5                       1.5        Group 1
951004684                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951004692                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951004737                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951004740                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.9                      6                     6/1/2009                            1.5                       1.5        Group 1
951004763                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.6                      6                     5/1/2009                            1.5                       1.5        Group 1
951004783                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951004791                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.7                      6                     6/1/2009                            1.5                       1.5        Group 1
951004819                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         6.65                          15.625                   6.65                     6/1/2009                            1.5                       1.5        Group 1
951004844                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.95                      6                     5/1/2009                            1.5                       1.5        Group 1
951004845                                                        0                                  0       U                           Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951004851                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951004854                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                              18                      6                     6/1/2009                            1.5                       1.5        Group 1
951004858                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.65                      6                     6/1/2009                            1.5                       1.5        Group 1
951004864                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951004867                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.45                      6                     6/1/2009                            1.5                       1.5        Group 1
951004925                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951004927                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.225                      6                     6/1/2009                            1.5                       1.5        Group 1
951004930                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           15.37                    6.2                     6/1/2009                            1.5                       1.5        Group 1
951004941                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                         11.3                            17.3                      6                     5/1/2009                            1.5                       1.5        Group 1
951004943                                                       24                                 24       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                          15.975                      6                     6/1/2009                            1.5                       1.5        Group 1
951004955                                                       12                                 11       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.9                      6                     5/1/2010                            1.5                       1.5        Group 1
951004973                                                       36                                 35       U                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.45                      6                     5/1/2010                            1.5                       1.5        Group 1
951004981                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.925                      6                     6/1/2009                            1.5                       1.5        Group 1
951004992                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         6.65                           14.95                   6.65                     6/1/2009                            1.5                       1.5        Group 1
951005003                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951005007                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                              18                   6.65                     6/1/2009                            1.5                       1.5        Group 1
951005030                                                       24                                 24       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                          15.475                      6                     6/1/2009                            1.5                       1.5        Group 1
951005035                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.3                      6                     5/1/2009                            1.5                       1.5        Group 1
951005041                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951005048                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
951005059                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                           12.75                      6                     6/1/2009                            1.5                       1.5        Group 1
951005102                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951005110                                                       24                                 24       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                           12.55                      6                     6/1/2009                            1.5                       1.5        Group 1
951005153                                                       12                                 12                          0        Fixed Rate 15 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951005171                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951005187                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.85                      6                     6/1/2009                            1.5                       1.5        Group 1
951005198                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                            16.2                    6.4                     6/1/2009                            1.5                       1.5        Group 1
951005202                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.35                      6                     6/1/2009                            1.5                       1.5        Group 1
951005206                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                            16.9                    6.4                     6/1/2009                            1.5                       1.5        Group 1
951005207                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                              18                      6                     6/1/2009                            1.5                       1.5        Group 1
951005224                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.55                      6                     6/1/2009                            1.5                       1.5        Group 1
951005251                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.99                      6                     6/1/2009                            1.5                       1.5        Group 1
951005265                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           13.25                    6.4                     6/1/2009                            1.5                       1.5        Group 1
951005279                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951005300                                                       24                                 24                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
951005310                                                       36                                 36       U                           Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
951005464                                                       36                                 36       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                            17.8                   6.65                     6/1/2009                            1.5                       1.5        Group 1
951005474                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          14.725                      6                     6/1/2009                            1.5                       1.5        Group 1
951005523                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.825                      6                     6/1/2009                            1.5                       1.5        Group 1
951006201                                                        0                                  0       U                           5/25 6 MO LIBOR IO                        First Lien                                            6                           12.95                      6                     6/1/2012                            1.5                       1.5        Group 1
961077142                                                       36                                 34                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 1
961077678                                                       36                                 34                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
961077682                                                       24                                 23       N                           2/28 6 MO LIBOR IO                        First Lien                                         8.49                           14.49                      7                     5/1/2009                            1.5                       1.5        Group 1
961077687                                                       24                                 21       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.85                            14.5                   6.85                     3/1/2009                              3                         1        Group 1
961077801                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
961077817                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                        11.75                           17.75                   8.99                     4/1/2009                              3                         1        Group 1
961077826                                                       24                                 21       N                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          9.1                            16.1                   6.25                     3/1/2009                            1.5                       1.5        Group 1
961077859                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.9                           14.25                    6.9                     5/1/2009                            1.5                       1.5        Group 1
961077860                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
961077891                                                       24                                 23       N                           2/28 6 MO LIBOR IO                        First Lien                                         7.61                           13.61                   6.41                     5/1/2009                            1.5                       1.5        Group 1
961077892                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                         9.65                           15.65                   7.75                     5/1/2009                            1.5                       1.5        Group 1
961077908                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
961077909                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
961077926                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                        7.458                          15.458                  7.458                     5/1/2009                            1.5                       1.5        Group 1
961077927                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
961077938                                                       24                                 21       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                        6.325                          13.325                   5.95                     3/1/2009                            1.5                       1.5        Group 1
961077939                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
961077948                                                        0                                  0       N                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                          8.9                            15.9                   6.05                     3/1/2010                              3                       1.5        Group 1
961077949                                                       24                                 21       N                           2/28 6 MO LIBOR                           First Lien                                        6.825                          13.825                   5.95                     3/1/2009                            1.5                       1.5        Group 1
961077950                                                        0                                  0       N                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                        8.963                          15.963                   6.45                     4/1/2009                            1.5                       1.5        Group 1
961077951                                                       36                                 33       U                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                         7.75                           14.75                   6.05                     3/1/2010                            1.5                       1.5        Group 1
961077960                                                       24                                 21       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         9.05                           16.05                   6.75                     3/1/2009                              3                       1.5        Group 1
961077961                                                        0                                  0       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                        9.125                          15.125                   6.95                     3/1/2009                              3                         1        Group 1
961077962                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
961077964                                                       24                                 22       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         8.99                           14.99                   7.99                     4/1/2009                              3                         1        Group 1
961077965                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          5.2                            12.5                    5.2                     5/1/2009                            1.5                       1.5        Group 1
961077978                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
961077979                                                       36                                 33       N                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                         7.75                           13.75                   7.75                     3/1/2010                              3                         1        Group 1
961077980                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
961077999                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
961078000                                                       12                                 10       N                           2/28 6 MO LIBOR                           First Lien                                          6.2                           14.95                    6.2                     4/1/2009                              3                         1        Group 1
961078001                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
961078002                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
961078010                                                       12                                 11                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
961078011                                                       12                                 11       N                           2/28 6 MO LIBOR                           First Lien                                         7.75                            15.2                   7.75                     5/1/2009                            1.5                       1.5        Group 1
961078072                                                       24                                 22       N                           2/28 6 MO LIBOR                           First Lien                                         6.94                           12.94                   5.99                     4/1/2009                            1.5                       1.5        Group 1
961078096                                                       12                                 11                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
961078161                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 1
961078164                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.47                           15.49                   7.47                     5/1/2009                            1.5                       1.5        Group 1
961078213                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
961078214                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 1
961078270                                                       12                                 10       N                           2/28 6 MO LIBOR                           First Lien                                         6.99                              15                   6.99                     4/1/2009                            1.5                       1.5        Group 1
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                1,603
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

061082188                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
061082272                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                       1.5        Group 2
061082300                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.65                      6                     6/1/2009                            1.5                       1.5        Group 2
061082391                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.75                      6                     6/1/2009                            1.5                       1.5        Group 2
061082392                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.75                      6                     6/1/2009                            1.5                       1.5        Group 2
061082486                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.2                      6                     6/1/2009                            1.5                       1.5        Group 2
061082530                                                       36                                 36                          0        Fixed Rate 15 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
061082571                                                       36                                 36       U                           3/27 6 MO LIBOR                           First Lien                                            6                           17.35                      6                     6/1/2010                            1.5                       1.5        Group 2
061082676                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.37                      6                     6/1/2009                            1.5                       1.5        Group 2
061082686                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            4                           17.75                      4                     6/1/2009                            1.5                       1.5        Group 2
061082705                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           17.69                    6.2                     5/1/2009                            1.5                       1.5        Group 2
061082778                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           17.15                      6                     5/1/2009                            1.5                       1.5        Group 2
061082811                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
061082871                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.2                      6                     6/1/2009                            1.5                       1.5        Group 2
061082936                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
061082953                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
061082988                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.95                      6                     5/1/2009                            1.5                       1.5        Group 2
061082999                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
061083020                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
061083072                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            4                              18                      4                     6/1/2009                            1.5                       1.5        Group 2
061083102                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           17.95                    6.2                     6/1/2009                            1.5                       1.5        Group 2
061083229                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
061083305                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.4                      6                     6/1/2009                            1.5                       1.5        Group 2
061083318                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
061083323                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
111003329                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
111003330                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
111003368                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
111003452                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
111003458                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
111003469                                                       36                                 35       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.89                      6                     5/1/2012                            1.5                       1.5        Group 2
111003511                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
111003517                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.65                      6                     6/1/2009                            1.5                       1.5        Group 2
111003528                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
121054554                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                          14.125                      6                     6/1/2012                            1.5                       1.5        Group 2
121054711                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.5                      6                     5/1/2009                            1.5                       1.5        Group 2
121054886                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.65                      6                     6/1/2009                            1.5                       1.5        Group 2
151041759                                                       36                                 36                          0        Fixed Rate 20 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
151042471                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           16.15                      6                     5/1/2009                            1.5                       1.5        Group 2
151042599                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.05                      6                     6/1/2009                              3                         1        Group 2
151043280                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.6                      6                     5/1/2009                            1.5                       1.5        Group 2
151043438                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           16.55                      6                     5/1/2009                            1.5                       1.5        Group 2
151043556                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           18.49                    6.2                     5/1/2009                            1.5                       1.5        Group 2
151043559                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.05                      6                     6/1/2009                            1.5                       1.5        Group 2
151043646                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                            14.9                    6.4                     5/1/2009                            1.5                       1.5        Group 2
151043773                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.97                      6                     4/1/2009                            1.5                       1.5        Group 2
151043917                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                         6.15                            15.3                   6.15                     6/1/2009                            1.5                       1.5        Group 2
151043972                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.87                      6                     5/1/2009                            1.5                       1.5        Group 2
151044058                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.45                      6                     6/1/2009                            1.5                       1.5        Group 2
151044307                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                              14                      6                     5/1/2009                            1.5                       1.5        Group 2
151044336                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.5                      6                     6/1/2009                            1.5                       1.5        Group 2
151044356                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.3                      6                     6/1/2009                            1.5                       1.5        Group 2
151044358                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.65                      6                     6/1/2009                            1.5                       1.5        Group 2
151044366                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.95                      6                     6/1/2009                            1.5                       1.5        Group 2
151044377                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.6                      6                     5/1/2009                            1.5                       1.5        Group 2
151044379                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
151044391                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
151044464                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
151044566                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.15                      6                     6/1/2009                            1.5                       1.5        Group 2
151044571                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           15.95                    6.2                     5/1/2009                            1.5                       1.5        Group 2
151044572                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.35                      6                     5/1/2009                            1.5                       1.5        Group 2
151044605                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.7                      6                     6/1/2009                            1.5                       1.5        Group 2
151044606                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
151044659                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           17.05                      6                     6/1/2009                            1.5                       1.5        Group 2
151044662                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                          9.7                           15.75                      6                     5/1/2009                              3                         1        Group 2
151044665                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.4                      6                     6/1/2009                            1.5                       1.5        Group 2
151044724                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           17.85                    6.4                     6/1/2009                            1.5                       1.5        Group 2
151044729                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.85                      6                     6/1/2009                            1.5                       1.5        Group 2
151044748                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           16.47                      6                     5/1/2009                            1.5                       1.5        Group 2
151044864                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           16.44                    6.2                     6/1/2009                            1.5                       1.5        Group 2
151044880                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                              18                    6.2                     6/1/2009                            1.5                       1.5        Group 2
161053902                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.25                      6                     5/1/2009                            1.5                       1.5        Group 2
161054338                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                       1.5        Group 2
161054348                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                          14.575                      6                     6/1/2009                            1.5                       1.5        Group 2
161054506                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
161054527                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.35                      6                     6/1/2009                            1.5                       1.5        Group 2
161054540                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.9                      6                     6/1/2009                            1.5                       1.5        Group 2
161054599                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            16.3                    6.2                     6/1/2009                            1.5                       1.5        Group 2
161054668                                                        0                                  0       U                           3/27 6 MO LIBOR                           First Lien                                            6                           15.95                      6                     6/1/2010                            1.5                       1.5        Group 2
171043665                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            16.6                      6                     6/1/2009                            1.5                       1.5        Group 2
171043712                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.65                      6                     5/1/2009                            1.5                       1.5        Group 2
171043837                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.75                      6                     6/1/2009                            1.5                       1.5        Group 2
171043970                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
171043974                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.4                      6                     6/1/2009                            1.5                       1.5        Group 2
171044059                                                       12                                 12       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                            13.6                    6.4                     6/1/2009                            1.5                       1.5        Group 2
171044083                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
171044192                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.4                      6                     6/1/2009                            1.5                       1.5        Group 2
171044248                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.75                      6                     6/1/2009                            1.5                       1.5        Group 2
171044291                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
171044318                                                       36                                 35       U                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.9                      6                     5/1/2010                            1.5                       1.5        Group 2
171044343                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.99                      6                     6/1/2009                            1.5                       1.5        Group 2
171044366                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            13.9                    6.2                     6/1/2009                            1.5                       1.5        Group 2
171044385                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
171044405                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.8                      6                     6/1/2009                            1.5                       1.5        Group 2
191038570                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                              15                      6                     5/1/2009                            1.5                       1.5        Group 2
191038851                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
191038986                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.9                      6                     5/1/2009                            1.5                       1.5        Group 2
191039079                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                            14.7                    6.2                     5/1/2009                            1.5                       1.5        Group 2
191039104                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           14.95                    6.2                     5/1/2009                            1.5                       1.5        Group 2
191039167                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                              15                      6                     6/1/2009                            1.5                       1.5        Group 2
191039173                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
191039183                                                        0                                  0       U                           5/25 6 MO LIBOR IO                        First Lien                                        6.625                           15.05                  6.625                     6/1/2012                            1.5                         1        Group 2
191039221                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            15.4                    6.2                     6/1/2009                            1.5                       1.5        Group 2
191039300                                                       36                                 36                          0        Fixed Rate 30 Yr Rate Reduction           First Lien                                            0                               0                      0                                                           0                         0        Group 2
191039304                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.3                      6                     6/1/2009                            1.5                       1.5        Group 2
191039334                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           15.65                    6.4                     6/1/2009                            1.5                       1.5        Group 2
191039353                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.05                      6                     6/1/2009                            1.5                       1.5        Group 2
191039394                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                              14                    6.4                     6/1/2009                            1.5                       1.5        Group 2
191039442                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.75                      6                     5/1/2009                            1.5                       1.5        Group 2
191039493                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
211054563                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.82                      6                     5/1/2009                            1.5                       1.5        Group 2
211055585                                                        0                                  0       N                           3/27 6 MO LIBOR IO                        First Lien                                            6                            13.5                      6                     4/1/2010                            1.5                       1.5        Group 2
211056222                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.6                      6                     6/1/2009                            1.5                       1.5        Group 2
211056375                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
211056600                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          5.5                            11.8                    5.5                     6/1/2009                            1.5                       1.5        Group 2
211057077                                                       24                                 23       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                           14.75                      6                     5/1/2009                            1.5                         1        Group 2
211057140                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.15                      6                     5/1/2009                            1.5                       1.5        Group 2
211057306                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.65                      6                     6/1/2009                            1.5                       1.5        Group 2
211057312                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.45                      6                     5/1/2009                            1.5                       1.5        Group 2
211057369                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           13.35                    6.2                     5/1/2009                            1.5                       1.5        Group 2
211057378                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.55                      6                     6/1/2009                            1.5                       1.5        Group 2
211057396                                                        0                                  0                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
211057435                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           15.15                    6.4                     5/1/2009                            1.5                       1.5        Group 2
211057448                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
211057577                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.5                      6                     5/1/2009                            1.5                       1.5        Group 2
211057648                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.59                      6                     6/1/2009                            1.5                       1.5        Group 2
211057771                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.4                      6                     5/1/2009                            1.5                       1.5        Group 2
211057967                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
211057983                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.5                      6                     6/1/2009                            1.5                       1.5        Group 2
231092903                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
231093204                                                       12                                 12       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.99                      6                     6/1/2010                            1.5                       1.5        Group 2
231093396                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.9                      6                     6/1/2009                            1.5                       1.5        Group 2
231093450                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.45                      6                     6/1/2009                            1.5                       1.5        Group 2
231093495                                                       12                                 11                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
231093574                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                          13.125                      6                     6/1/2009                            1.5                       1.5        Group 2
231093694                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.85                      6                     6/1/2009                            1.5                       1.5        Group 2
231093718                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.8                      6                     6/1/2009                            1.5                       1.5        Group 2
231093994                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.65                      6                     6/1/2009                            1.5                       1.5        Group 2
231094012                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.3                      6                     6/1/2009                            1.5                       1.5        Group 2
231094015                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.55                      6                     6/1/2009                            1.5                       1.5        Group 2
231094047                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.99                      6                     6/1/2009                            1.5                       1.5        Group 2
231094085                                                        0                                  0                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
231094095                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                              17                    6.4                     6/1/2009                            1.5                       1.5        Group 2
231094097                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
231094137                                                       12                                 12       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.55                      6                     6/1/2009                            1.5                       1.5        Group 2
231094146                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.8                      6                     6/1/2009                            1.5                       1.5        Group 2
231094564                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.85                      6                     5/1/2009                            1.5                       1.5        Group 2
231094718                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.75                      6                     6/1/2009                            1.5                       1.5        Group 2
231094789                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            16.3                    6.2                     6/1/2009                            1.5                       1.5        Group 2
231094914                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
231094943                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.75                      6                     6/1/2009                            1.5                       1.5        Group 2
231094958                                                       12                                 12       U                           5/25 6 MO LIBOR                           First Lien                                            6                           15.65                      6                     6/1/2012                            1.5                       1.5        Group 2
331052946                                                       12                                 12       U                           5/25 6 MO LIBOR                           First Lien                                            6                            13.8                      6                     6/1/2012                            1.5                       1.5        Group 2
331054492                                                       12                                 12       U                           3/27 6 MO LIBOR                           First Lien                                            6                           14.45                      6                     6/1/2010                            1.5                       1.5        Group 2
331056014                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                            13.7                    6.4                     6/1/2009                              3                         1        Group 2
331056409                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.2                      6                     6/1/2009                            1.5                       1.5        Group 2
331056507                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.75                      6                     6/1/2009                            1.5                       1.5        Group 2
331056620                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.75                      6                     4/1/2009                            1.5                       1.5        Group 2
331056705                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.7                      6                     6/1/2009                            1.5                       1.5        Group 2
331056787                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.29                      6                     5/1/2009                            1.5                       1.5        Group 2
331057040                                                        0                                  0                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
331057163                                                       12                                 11       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.75                      6                     5/1/2009                            1.5                       1.5        Group 2
331057208                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.5                      6                     6/1/2009                            1.5                       1.5        Group 2
331057234                                                       12                                 11                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
331057269                                                       12                                 12       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                              14                      6                     6/1/2010                            1.5                       1.5        Group 2
331057290                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           13.85                    6.2                     6/1/2009                            1.5                       1.5        Group 2
331057319                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.35                      6                     6/1/2009                            1.5                       1.5        Group 2
331057378                                                        0                                  0       U                           3/27 6 MO LIBOR                           First Lien                                            6                            14.2                      6                     6/1/2010                            1.5                       1.5        Group 2
331057382                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.65                      6                     6/1/2009                            1.5                       1.5        Group 2
331057398                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.3                      6                     6/1/2009                            1.5                       1.5        Group 2
331057413                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            14.7                    6.2                     6/1/2009                            1.5                       1.5        Group 2
331057476                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                            14.9                    6.2                     5/1/2009                            1.5                       1.5        Group 2
331057620                                                       12                                 12       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.85                      6                     6/1/2010                            1.5                       1.5        Group 2
331057623                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                              13                      6                     6/1/2009                            1.5                       1.5        Group 2
331057741                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.9                      6                     6/1/2009                            1.5                       1.5        Group 2
331057742                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.99                      6                     6/1/2009                            1.5                       1.5        Group 2
331057743                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                            14.4                    6.4                     6/1/2009                            1.5                       1.5        Group 2
331057755                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           16.59                      6                     5/1/2009                            1.5                       1.5        Group 2
331057826                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.6                      6                     6/1/2009                            1.5                       1.5        Group 2
331057830                                                       12                                 12       U                           5/25 6 MO LIBOR                           First Lien                                            6                          14.438                      6                     6/1/2012                            1.5                       1.5        Group 2
331057841                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.872                      6                     5/1/2009                            1.5                       1.5        Group 2
331057844                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           15.25                    6.2                     6/1/2009                            1.5                       1.5        Group 2
331057852                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.99                      6                     6/1/2009                            1.5                       1.5        Group 2
331057853                                                       12                                 12                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
331057874                                                       12                                 12                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
331057980                                                       12                                 12                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
331058001                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.6                      6                     6/1/2009                            1.5                       1.5        Group 2
331058009                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
331058056                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.99                      6                     6/1/2009                            1.5                       1.5        Group 2
331058067                                                       12                                 12       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.55                      6                     6/1/2012                            1.5                       1.5        Group 2
331058078                                                       12                                 12       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.99                      6                     6/1/2010                            1.5                       1.5        Group 2
331058081                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.3                      6                     6/1/2009                            1.5                       1.5        Group 2
331058087                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           13.35                    6.2                     6/1/2009                            1.5                       1.5        Group 2
331058090                                                       12                                 11                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
331058098                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           15.99                    6.2                     6/1/2009                            1.5                       1.5        Group 2
331058134                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          15.625                      6                     6/1/2009                            1.5                       1.5        Group 2
331058232                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            14.4                    6.2                     6/1/2009                            1.5                       1.5        Group 2
331058251                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
331058308                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                          14.775                   6.65                     6/1/2009                            1.5                       1.5        Group 2
331058459                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.75                      6                     6/1/2009                            1.5                       1.5        Group 2
341044038                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
341044216                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
341044300                                                        0                                  0       U                           5/25 6 MO LIBOR                           First Lien                                            6                           14.65                      6                     5/1/2012                            1.5                       1.5        Group 2
341044404                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.85                      6                     5/1/2009                            1.5                       1.5        Group 2
341044530                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.25                      6                     5/1/2009                            1.5                       1.5        Group 2
341044637                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.475                      6                     5/1/2009                            1.5                       1.5        Group 2
341044712                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            15.9                    6.2                     5/1/2009                            1.5                       1.5        Group 2
341044797                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
341045046                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                       1.5        Group 2
341045114                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.4                      6                     6/1/2009                            1.5                       1.5        Group 2
351045901                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
351045910                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
351046051                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
351046140                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.5                      6                     6/1/2009                            1.5                       1.5        Group 2
351046169                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.35                      6                     6/1/2009                            1.5                       1.5        Group 2
351046235                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
371048441                                                       36                                 35       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           16.55                      6                     5/1/2009                            1.5                       1.5        Group 2
371048779                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.65                      6                     6/1/2009                            1.5                       1.5        Group 2
371048852                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
371048853                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
371048861                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
371048869                                                       12                                 12                          0        Fixed Rate 20 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
371049109                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.87                      6                     5/1/2009                            1.5                       1.5        Group 2
371049177                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.99                          15.325                   6.99                     6/1/2009                            1.5                       1.5        Group 2
371049243                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
371049290                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
371049300                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.65                      6                     6/1/2009                            1.5                       1.5        Group 2
371049312                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.55                      6                     6/1/2009                            1.5                       1.5        Group 2
371049344                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                          15.575                   6.65                     6/1/2009                            1.5                       1.5        Group 2
371049413                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.9                      6                     6/1/2012                            1.5                       1.5        Group 2
371049459                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
371049471                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.75                      6                     6/1/2009                            1.5                       1.5        Group 2
371049475                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         6.65                           15.99                   6.65                     6/1/2009                            1.5                       1.5        Group 2
371049508                                                       36                                 36       U                           3/27 6 MO LIBOR                           First Lien                                         6.65                           15.35                   6.65                     6/1/2010                            1.5                       1.5        Group 2
371049526                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
371049548                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
371049563                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.35                      6                     6/1/2009                            1.5                       1.5        Group 2
371049600                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.75                      6                     6/1/2009                            1.5                       1.5        Group 2
371049602                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
371049603                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
371049629                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.75                      6                     6/1/2009                            1.5                       1.5        Group 2
371049642                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.25                      6                     6/1/2009                            1.5                       1.5        Group 2
371049649                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
371049654                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
371049690                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           16.99                      6                     6/1/2009                            1.5                       1.5        Group 2
371049707                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
371049729                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           16.65                    6.2                     6/1/2009                            1.5                       1.5        Group 2
371049767                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           15.55                    6.2                     6/1/2009                            1.5                       1.5        Group 2
371049773                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           12.95                      6                     6/1/2009                            1.5                       1.5        Group 2
371049799                                                       36                                 36                          0        Fixed Rate 20 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
371049808                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
371049880                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.4                      6                     6/1/2009                            1.5                       1.5        Group 2
371049921                                                       36                                 36       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.6                      6                     6/1/2010                            1.5                       1.5        Group 2
371049954                                                       36                                 36       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                            14.4                    6.2                     6/1/2010                            1.5                       1.5        Group 2
371049982                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.3                      6                     6/1/2009                            1.5                       1.5        Group 2
371050005                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
411004122                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           11.45                      6                     6/1/2009                            1.5                       1.5        Group 2
411004457                                                       36                                 36       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.45                      6                     6/1/2012                            1.5                       1.5        Group 2
411004477                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            13.8                      6                     6/1/2009                            1.5                       1.5        Group 2
411004519                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                            14.5                   6.65                     6/1/2009                            1.5                       1.5        Group 2
411004626                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.3                      6                     6/1/2009                            1.5                       1.5        Group 2
411004631                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.6                      6                     6/1/2009                            1.5                       1.5        Group 2
411004715                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                       1.5        Group 2
421004200                                                       24                                 23       U                           5/25 6 MO LIBOR                           First Lien                                            6                           16.15                      6                     5/1/2012                            1.5                       1.5        Group 2
421004223                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.7                      6                     6/1/2009                            1.5                       1.5        Group 2
421004244                                                        0                                  0       U                           3/27 6 MO LIBOR                           First Lien                                            6                            15.4                      6                     5/1/2010                            1.5                       1.5        Group 2
421004274                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                              16                      6                     6/1/2009                            1.5                       1.5        Group 2
421004276                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.25                      6                     6/1/2009                            1.5                       1.5        Group 2
421004288                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.65                      6                     6/1/2009                            1.5                       1.5        Group 2
511060090                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.1                      6                     5/1/2009                            1.5                       1.5        Group 2
511060282                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          13.266                      6                     5/1/2009                            1.5                       1.5        Group 2
511060495                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         10.5                            16.5                      6                     5/1/2009                            1.5                       1.5        Group 2
511060590                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                              15                      6                     5/1/2009                            1.5                       1.5        Group 2
511060685                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.95                      6                     6/1/2009                            1.5                       1.5        Group 2
511060692                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.84                      6                     5/1/2009                              3                         1        Group 2
511060791                                                       24                                 24       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                          5.5                           11.99                    5.5                     6/1/2012                            1.5                       1.5        Group 2
511061011                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
511061017                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.55                      6                     5/1/2009                            1.5                       1.5        Group 2
511061142                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.25                              15                   7.25                     5/1/2009                            1.5                       1.5        Group 2
511061241                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.2                      6                     6/1/2009                            1.5                       1.5        Group 2
511061278                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          8.1                            14.1                      6                     5/1/2009                            1.5                       1.5        Group 2
511061287                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                              13                      6                     5/1/2009                            1.5                       1.5        Group 2
511061357                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.2                      6                     6/1/2009                            1.5                       1.5        Group 2
511061566                                                       12                                 12       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.5                           15.05                    6.5                     6/1/2009                            1.5                       1.5        Group 2
511061571                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                              15                    6.4                     5/1/2009                            1.5                       1.5        Group 2
511061668                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                            14.8                   6.65                     6/1/2009                            1.5                       1.5        Group 2
511061672                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.8                      6                     6/1/2009                            1.5                       1.5        Group 2
511061697                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.5                      6                     5/1/2009                            1.5                       1.5        Group 2
511061791                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.85                      6                     5/1/2009                            1.5                       1.5        Group 2
511061873                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
511061879                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.2                      6                     5/1/2009                            1.5                       1.5        Group 2
511061929                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.34                      6                     5/1/2009                            1.5                       1.5        Group 2
511061955                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                         7.25                            16.2                   7.25                     6/1/2009                            1.5                       1.5        Group 2
511062003                                                       36                                 35       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.26                      6                     5/1/2010                            1.5                       1.5        Group 2
511062035                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.4                      6                     6/1/2009                            1.5                       1.5        Group 2
511062037                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            16.8                    6.2                     5/1/2009                            1.5                       1.5        Group 2
511062046                                                       12                                 11                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
511062056                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.2                      6                     5/1/2009                            1.5                       1.5        Group 2
511062062                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.8                      6                     5/1/2009                            1.5                       1.5        Group 2
511062076                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           13.05                    6.2                     6/1/2009                              3                         1        Group 2
511062079                                                       36                                 35       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.65                      6                     5/1/2012                            1.5                       1.5        Group 2
511062175                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
511062206                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.1                      6                     5/1/2009                            1.5                       1.5        Group 2
511062224                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.85                      6                     5/1/2009                            1.5                       1.5        Group 2
511062229                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
511062470                                                        0                                  0       N                           2/28 6 MO LIBOR                           First Lien                                            6                            15.7                      6                     6/1/2009                            1.5                       1.5        Group 2
511062497                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.24                      6                     5/1/2009                            1.5                       1.5        Group 2
511062498                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                          7.3                           15.95                    7.3                     5/1/2009                            1.5                       1.5        Group 2
511062502                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.75                      6                     6/1/2012                            1.5                       1.5        Group 2
511062575                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.5                      6                     5/1/2009                            1.5                       1.5        Group 2
511062609                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.55                      6                     6/1/2009                            1.5                       1.5        Group 2
511062626                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
511062640                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                           14.99                    6.2                     5/1/2009                            1.5                       1.5        Group 2
511062686                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.3                      6                     6/1/2009                            1.5                       1.5        Group 2
511062699                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                            13.8                   6.65                     5/1/2009                            1.5                       1.5        Group 2
511062715                                                       36                                 35                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
511062731                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            17.5                    6.2                     6/1/2009                            1.5                       1.5        Group 2
511062782                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.65                      6                     6/1/2009                            1.5                       1.5        Group 2
511062785                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.99                      6                     5/1/2009                            1.5                       1.5        Group 2
511062813                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            16.4                    6.2                     6/1/2009                            1.5                       1.5        Group 2
511062873                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.05                      6                     6/1/2009                            1.5                       1.5        Group 2
511062907                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            7                            13.9                      7                     6/1/2009                            1.5                       1.5        Group 2
511062955                                                       36                                 36       U                           5/25 6 MO LIBOR IO                        First Lien                                          5.7                          12.475                    5.7                     6/1/2012                            1.5                       1.5        Group 2
511062986                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                          5.8                              12                    5.8                     6/1/2012                            1.5                       1.5        Group 2
511062990                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.29                      6                     6/1/2009                            1.5                       1.5        Group 2
511063049                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.45                      6                     6/1/2009                            1.5                       1.5        Group 2
511063056                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           12.64                      6                     6/1/2012                            1.5                       1.5        Group 2
511063090                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.2                      6                     6/1/2009                            1.5                       1.5        Group 2
511063106                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           12.45                      6                     6/1/2009                            1.5                       1.5        Group 2
511063265                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.05                      6                     6/1/2009                            1.5                       1.5        Group 2
511063281                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
521054359                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.45                      6                     6/1/2009                            1.5                       1.5        Group 2
521056960                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                         5.75                            15.2                   5.75                     6/1/2009                            1.5                       1.5        Group 2
521057023                                                       12                                 11       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           14.75                    6.2                     5/1/2009                            1.5                       1.5        Group 2
521057114                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.45                      6                     6/1/2009                            1.5                       1.5        Group 2
521057271                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
521057331                                                       36                                 35       U                           3/27 6 MO LIBOR IO                        First Lien                                            6                          15.225                      6                     5/1/2010                            1.5                       1.5        Group 2
521057397                                                       36                                 35       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.37                      6                     5/1/2010                            1.5                       1.5        Group 2
521057508                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          5.6                            14.9                    5.6                     5/1/2009                            1.5                       1.5        Group 2
521057513                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            17.3                      6                     6/1/2009                            1.5                       1.5        Group 2
521057664                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.2                      6                     6/1/2009                            1.5                       1.5        Group 2
521057775                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            5                          15.975                      5                     6/1/2009                            1.5                       1.5        Group 2
521057784                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
521058007                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                              15                      6                     6/1/2009                            1.5                       1.5        Group 2
521058122                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                          5.4                          13.375                    5.4                     6/1/2009                            1.5                       1.5        Group 2
521058163                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                          5.4                           17.75                    5.4                     6/1/2009                            1.5                       1.5        Group 2
521058252                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         5.75                            14.2                   5.75                     5/1/2009                            1.5                       1.5        Group 2
521058263                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                          14.575                    6.2                     6/1/2009                            1.5                       1.5        Group 2
521058295                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.5                      6                     6/1/2009                            1.5                       1.5        Group 2
521058325                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            5                           17.85                      5                     5/1/2009                            1.5                       1.5        Group 2
521058580                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           12.95                      6                     6/1/2009                            1.5                       1.5        Group 2
521058782                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
521058796                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.1                      6                     6/1/2009                            1.5                       1.5        Group 2
521058806                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            18.1                      6                     6/1/2009                            1.5                       1.5        Group 2
521058845                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
521058946                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
521059072                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.95                      6                     6/1/2009                            1.5                       1.5        Group 2
521059095                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.775                      6                     6/1/2009                            1.5                       1.5        Group 2
521059170                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                            15.6                    6.4                     6/1/2009                            1.5                       1.5        Group 2
551029193                                                       24                                 22       N                           2/28 6 MO LIBOR                           First Lien                                        8.475                          14.475                      6                     4/1/2009                              3                         1        Group 2
551029245                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                          16.498                    6.2                     5/1/2009                              3                         1        Group 2
551030267                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
551030679                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
551030705                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.1                      6                     6/1/2009                            1.5                       1.5        Group 2
551030790                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
551030858                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
551030873                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.85                      6                     6/1/2009                            1.5                       1.5        Group 2
551030965                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
551031078                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
551031135                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                            6                           12.55                      6                     5/1/2009                              3                         1        Group 2
551031144                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                            6                           15.75                      6                     5/1/2009                            1.5                       1.5        Group 2
551031147                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                            6                            15.8                      6                     5/1/2009                            1.5                       1.5        Group 2
551031162                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.3                      6                     5/1/2009                            1.5                       1.5        Group 2
551031163                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.4                      6                     5/1/2009                            1.5                       1.5        Group 2
551031189                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           16.05                    6.2                     6/1/2009                            1.5                       1.5        Group 2
551031200                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                          16.275                      6                     6/1/2009                            1.5                       1.5        Group 2
551031293                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          14.725                      6                     6/1/2009                            1.5                       1.5        Group 2
551031314                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.825                      6                     5/1/2009                            1.5                       1.5        Group 2
551032397                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.35                      6                     6/1/2009                            1.5                       1.5        Group 2
551032454                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          13.825                      6                     6/1/2009                            1.5                       1.5        Group 2
551032555                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
551032587                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.35                      6                     5/1/2009                            1.5                       1.5        Group 2
551032588                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                            17.7                    6.2                     5/1/2009                            1.5                       1.5        Group 2
551032602                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
551032613                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
551032667                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                          16.775                    6.4                     6/1/2009                            1.5                       1.5        Group 2
551032679                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          14.225                      6                     6/1/2009                            1.5                       1.5        Group 2
551032722                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.05                      6                     5/1/2009                            1.5                       1.5        Group 2
551032763                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.7                      6                     6/1/2009                            1.5                       1.5        Group 2
551032792                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
551032879                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.45                      6                     6/1/2009                            1.5                       1.5        Group 2
551032900                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          15.125                      6                     6/1/2009                            1.5                       1.5        Group 2
551032928                                                       36                                 35       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           16.25                    6.2                     5/1/2012                            1.5                       1.5        Group 2
551032985                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.55                      6                     6/1/2009                            1.5                       1.5        Group 2
551033045                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.1                      6                     6/1/2009                            1.5                       1.5        Group 2
551033273                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
551033335                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.5                      6                     6/1/2009                            1.5                       1.5        Group 2
551033463                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
551033527                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.1                      6                     6/1/2009                            1.5                       1.5        Group 2
581017629                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.8                      6                     5/1/2009                              3                         1        Group 2
581018409                                                       24                                 23       U                           2/28 6 MO LIBOR IO                        First Lien                                         5.85                            12.3                   5.85                     5/1/2009                              3                         1        Group 2
581019101                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.3                      6                     5/1/2009                            1.5                       1.5        Group 2
581019124                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                          14.225                      6                     6/1/2009                            1.5                       1.5        Group 2
581019177                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                       1.5        Group 2
581019471                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            14.4                      6                     5/1/2009                            1.5                       1.5        Group 2
581019600                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.5                      6                     5/1/2009                            1.5                       1.5        Group 2
581019603                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.45                      6                     5/1/2009                            1.5                       1.5        Group 2
581019636                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                            15.1                   6.65                     6/1/2009                            1.5                       1.5        Group 2
581019705                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                           13.05                   6.65                     5/1/2009                            1.5                       1.5        Group 2
581019732                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          8.8                            14.8                      6                     5/1/2009                            1.5                       1.5        Group 2
581019760                                                       12                                 12       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.6                      6                     6/1/2009                            1.5                       1.5        Group 2
581019888                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.6                      6                     5/1/2009                            1.5                       1.5        Group 2
581019943                                                       36                                 36       U                           5/25 6 MO LIBOR IO                        First Lien                                            6                           14.75                      6                     6/1/2012                            1.5                       1.5        Group 2
581020009                                                       24                                 24       N                           2/28 6 MO LIBOR                           First Lien                                            6                           15.35                      6                     6/1/2009                            1.5                       1.5        Group 2
581020049                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.55                      6                     5/1/2009                            1.5                       1.5        Group 2
581020141                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                            13.2                    6.2                     5/1/2009                            1.5                       1.5        Group 2
581020162                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                           15.85                   6.65                     5/1/2009                            1.5                       1.5        Group 2
581020163                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
581020205                                                       36                                 35       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.5                      6                     5/1/2012                            1.5                       1.5        Group 2
581020208                                                       36                                 35       U                           5/25 6 MO LIBOR 40/30 Balloon             First Lien                                            6                              16                      6                     5/1/2012                            1.5                       1.5        Group 2
581020242                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.2                      6                     6/1/2009                            1.5                       1.5        Group 2
581020285                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                            13.9                      6                     6/1/2012                            1.5                       1.5        Group 2
581020291                                                       36                                 36                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 2
581020316                                                       12                                 11                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
581020362                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.85                      6                     6/1/2009                            1.5                       1.5        Group 2
581020455                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.15                      6                     6/1/2009                            1.5                       1.5        Group 2
581020459                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.2                      6                     6/1/2009                            1.5                       1.5        Group 2
581020478                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.7                      6                     6/1/2009                            1.5                       1.5        Group 2
581020520                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                         5.98                           11.99                   5.98                     6/1/2012                            1.5                       1.5        Group 2
581020523                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.35                      6                     6/1/2009                            1.5                       1.5        Group 2
581020547                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
581020612                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
581020668                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
621023696                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
621023894                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
621023953                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.65                      6                     6/1/2009                            1.5                       1.5        Group 2
621024224                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                         6.65                            14.8                   6.65                     5/1/2009                            1.5                       1.5        Group 2
621024232                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
621024327                                                       36                                 36                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 2
621024368                                                       36                                 36       U                           3/27 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                          17.075                    6.4                     6/1/2010                            1.5                       1.5        Group 2
621024385                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
621024463                                                       36                                 35       U                           5/25 6 MO LIBOR                           First Lien                                            6                           14.52                      6                     5/1/2012                            1.5                       1.5        Group 2
621024495                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
621024578                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           14.12                      6                     6/1/2009                            1.5                       1.5        Group 2
621024597                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.05                      6                     6/1/2009                            1.5                       1.5        Group 2
621024641                                                       36                                 36       U                           3/27 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.75                      6                     6/1/2010                            1.5                       1.5        Group 2
621024654                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.95                      6                     6/1/2009                            1.5                       1.5        Group 2
621024680                                                       36                                 35       U                           5/25 6 MO LIBOR                           First Lien                                            6                           13.35                      6                     5/1/2012                            1.5                       1.5        Group 2
621024709                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.4                      6                     6/1/2009                            1.5                       1.5        Group 2
621024714                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.05                      6                     5/1/2009                            1.5                       1.5        Group 2
621024787                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           13.65                    6.4                     6/1/2009                            1.5                       1.5        Group 2
621024789                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
621024790                                                       24                                 24       U                           2/28 6 MO LIBOR IO                        First Lien                                            6                           13.55                      6                     6/1/2009                            1.5                       1.5        Group 2
621024794                                                       12                                 12       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.99                      6                     6/1/2009                            1.5                       1.5        Group 2
621024795                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.12                      6                     6/1/2009                            1.5                       1.5        Group 2
621024798                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.32                      6                     6/1/2009                            1.5                       1.5        Group 2
621024801                                                       36                                 36                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 2
621024803                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.5                      6                     6/1/2009                            1.5                       1.5        Group 2
621024822                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            5                           16.99                      5                     6/1/2009                            1.5                       1.5        Group 2
621024826                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.9                      6                     5/1/2009                            1.5                       1.5        Group 2
621024835                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          6.2                           16.47                    6.2                     6/1/2009                            1.5                       1.5        Group 2
621024836                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                            13.6                      6                     6/1/2012                            1.5                       1.5        Group 2
621024842                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.25                      6                     6/1/2009                            1.5                       1.5        Group 2
621024858                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                              15                      6                     6/1/2012                            1.5                       1.5        Group 2
621024872                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.45                      6                     6/1/2009                            1.5                       1.5        Group 2
621024909                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.7                      6                     6/1/2009                            1.5                       1.5        Group 2
621024911                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.72                      6                     6/1/2009                            1.5                       1.5        Group 2
621024944                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                            15.9                   6.65                     6/1/2009                            1.5                       1.5        Group 2
621024979                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.15                      6                     6/1/2009                            1.5                       1.5        Group 2
621025043                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          16.825                      6                     6/1/2009                            1.5                       1.5        Group 2
621025059                                                       36                                 36                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
661023095                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                            14.2                    6.2                     5/1/2009                            1.5                       1.5        Group 2
661023266                                                       36                                 35       U                           3/27 6 MO LIBOR IO                        First Lien                                          5.5                           11.75                    5.5                     5/1/2010                            1.5                       1.5        Group 2
661024297                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
661024362                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                              16                    6.2                     5/1/2009                            1.5                       1.5        Group 2
661024427                                                       24                                 22       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            12.8                      6                     4/1/2009                            1.5                       1.5        Group 2
661024770                                                       36                                 35       N                           3/27 6 MO LIBOR IO                        First Lien                                            6                          12.975                      6                     5/1/2010                            1.5                       1.5        Group 2
661024775                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.75                      6                     5/1/2009                            1.5                       1.5        Group 2
661024959                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            12.7                      6                     6/1/2009                            1.5                       1.5        Group 2
661024996                                                       24                                 23       N                           2/28 6 MO LIBOR IO                        First Lien                                            6                           14.45                      6                     5/1/2009                            1.5                       1.5        Group 2
661025017                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          8.9                            14.9                    6.2                     5/1/2009                            1.5                       1.5        Group 2
661025086                                                       36                                 36                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 2
661025143                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.4                      6                     6/1/2009                            1.5                       1.5        Group 2
661025175                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           13.55                      6                     5/1/2009                            1.5                       1.5        Group 2
661025246                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.2                            14.6                    6.2                     5/1/2009                            1.5                       1.5        Group 2
661025251                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           12.55                      6                     6/1/2009                            1.5                       1.5        Group 2
661025255                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.4                      6                     5/1/2009                            1.5                       1.5        Group 2
661025283                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.2                           12.65                    6.2                     6/1/2009                            1.5                       1.5        Group 2
661025321                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.4                      6                     6/1/2009                            1.5                       1.5        Group 2
661025339                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                          5.9                           11.95                    5.9                     5/1/2009                            1.5                       1.5        Group 2
661025400                                                       12                                 11       U                           2/28 6 MO LIBOR                           First Lien                                            6                            15.3                      6                     5/1/2009                            1.5                       1.5        Group 2
661025411                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           12.25                      6                     6/1/2009                            1.5                       1.5        Group 2
661025416                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.75                      6                     6/1/2009                            1.5                       1.5        Group 2
661025453                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.85                      6                     6/1/2009                            1.5                       1.5        Group 2
661025515                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.9                      6                     6/1/2009                            1.5                       1.5        Group 2
661025582                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            13.5                      6                     6/1/2009                            1.5                       1.5        Group 2
661025584                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.55                      6                     6/1/2009                            1.5                       1.5        Group 2
661025587                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.85                      6                     6/1/2009                            1.5                       1.5        Group 2
661025639                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          12.275                      6                     6/1/2012                            1.5                       1.5        Group 2
661025650                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.5                      6                     6/1/2009                            1.5                       1.5        Group 2
661025663                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                            13.8                    6.4                     6/1/2009                            1.5                       1.5        Group 2
661025669                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                          7.4                           14.05                    7.4                     6/1/2009                            1.5                       1.5        Group 2
661025670                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                        5.347                              12                  5.347                     6/1/2009                            1.5                       1.5        Group 2
661025671                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.99                      6                     6/1/2009                            1.5                       1.5        Group 2
661025684                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.85                      6                     6/1/2009                            1.5                       1.5        Group 2
661025696                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.7                      6                     6/1/2009                            1.5                       1.5        Group 2
661025748                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           15.35                      6                     6/1/2009                            1.5                       1.5        Group 2
661025856                                                       36                                 36       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.6                      6                     6/1/2012                            1.5                       1.5        Group 2
661025868                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.9                      6                     6/1/2009                            1.5                       1.5        Group 2
661025917                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.45                      6                     6/1/2009                            1.5                       1.5        Group 2
671019662                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.35                      6                     5/1/2009                            1.5                       1.5        Group 2
671020011                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.6                      6                     5/1/2009                            1.5                       1.5        Group 2
671020396                                                       36                                 35                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
671020424                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
671020443                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.2                      6                     5/1/2009                            1.5                       1.5        Group 2
671020444                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.75                      6                     5/1/2009                            1.5                       1.5        Group 2
671020450                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          6.4                           14.99                    6.4                     5/1/2009                            1.5                       1.5        Group 2
671020475                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.9                      6                     5/1/2009                            1.5                       1.5        Group 2
671020496                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                            18.5                   6.65                     6/1/2009                            1.5                       1.5        Group 2
671020510                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            14.7                      6                     5/1/2009                            1.5                       1.5        Group 2
671020548                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                            15.9                      6                     5/1/2009                            1.5                       1.5        Group 2
671020626                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.2                      6                     5/1/2009                            1.5                       1.5        Group 2
671020696                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           15.15                      6                     5/1/2009                            1.5                       1.5        Group 2
671020697                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.7                            14.4                    6.7                     6/1/2009                            1.5                       1.5        Group 2
671020702                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.5                      6                     6/1/2009                            1.5                       1.5        Group 2
671020744                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.09                      6                     6/1/2009                            1.5                       1.5        Group 2
671020865                                                       36                                 35       U                           5/25 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            12.2                      6                     5/1/2012                            1.5                       1.5        Group 2
671020877                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.8                            13.8                    6.8                     6/1/2009                            1.5                       1.5        Group 2
671020894                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                          13.075                      6                     6/1/2009                            1.5                       1.5        Group 2
671020905                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.95                      6                     6/1/2009                            1.5                       1.5        Group 2
671020947                                                       12                                 12       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.4                            15.6                    6.4                     6/1/2009                            1.5                       1.5        Group 2
671020953                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         6.65                           15.05                   6.65                     6/1/2009                            1.5                       1.5        Group 2
671020957                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.55                      6                     6/1/2009                            1.5                       1.5        Group 2
671020959                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            15.9                      6                     6/1/2009                            1.5                       1.5        Group 2
671021028                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.65                      6                     6/1/2009                            1.5                       1.5        Group 2
671021079                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           14.45                      6                     6/1/2009                            1.5                       1.5        Group 2
671021086                                                       24                                 24       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           13.25                      6                     6/1/2009                            1.5                       1.5        Group 2
671021172                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
831076888                                                       24                                 22       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         9.25                           15.75                   9.25                     4/1/2009                            1.5                       1.5        Group 2
831077163                                                       24                                 22       N                           2/28 6 MO LIBOR                           First Lien                                         9.75                           16.75                   7.85                     4/1/2009                            1.5                       1.5        Group 2
831077171                                                       24                                 22       N                           2/28 6 MO LIBOR IO                        First Lien                                         8.89                           15.89                   7.89                     4/1/2009                            1.5                       1.5        Group 2
831077328                                                       24                                 21       N                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          6.5                            13.5                   6.25                     3/1/2009                            1.5                       1.5        Group 2
831077554                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
831077629                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          9.5                            15.5                      8                     4/1/2009                            1.5                       1.5        Group 2
831077683                                                       24                                 22       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         7.75                           14.75                   7.75                     4/1/2009                            1.5                       1.5        Group 2
831077697                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          7.3                            14.3                    7.3                     5/1/2009                            1.5                       1.5        Group 2
831077699                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          9.2                            16.2                   7.99                     5/1/2009                            1.5                       1.5        Group 2
831077816                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
831077819                                                       24                                 22       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                        8.125                          15.125                  7.125                     4/1/2009                            1.5                       1.5        Group 2
831077825                                                        0                                  0                          0        Fixed Rate 30 Yr IO                       First Lien                                            0                               0                      0                                                           0                         0        Group 2
831077828                                                       36                                 34                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
831077861                                                        0                                  0       N                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          8.4                            15.4                    6.3                     2/1/2009                            1.5                       1.5        Group 2
831077876                                                       12                                  9                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
831077898                                                       12                                 10       N                           3/27 6 MO LIBOR IO                        First Lien                                         7.75                           14.75                    6.3                     4/1/2010                            1.5                       1.5        Group 2
831077900                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
831077903                                                        0                                  0                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
831077905                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
831077921                                                       24                                 23       N                           2/28 6 MO LIBOR                           First Lien                                        10.82                           16.82                    7.5                     5/1/2009                              3                         1        Group 2
831077952                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          7.9                            14.9                    7.9                     5/1/2009                            1.5                       1.5        Group 2
831077956                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         7.85                           14.85                   6.85                     5/1/2009                            1.5                       1.5        Group 2
831077957                                                       12                                 11       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          7.8                            14.8                    7.8                     5/1/2009                            1.5                       1.5        Group 2
831077970                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                          7.5                            14.5                    7.5                     5/1/2009                            1.5                       1.5        Group 2
831077975                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         8.45                           15.45                   7.45                     5/1/2009                            1.5                       1.5        Group 2
831078008                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         9.99                           16.99                   7.99                     5/1/2009                            1.5                       1.5        Group 2
831078076                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         8.99                           14.99                   7.99                     5/1/2009                            1.5                       1.5        Group 2
831078085                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                          9.8                            16.8                   7.99                     5/1/2009                            1.5                       1.5        Group 2
831078201                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         7.85                           15.39                   7.85                     5/1/2009                            1.5                       1.5        Group 2
831078202                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         8.99                           15.99                   7.99                     5/1/2009                            1.5                       1.5        Group 2
831078211                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                         7.75                           14.75                   7.75                     5/1/2009                            1.5                       1.5        Group 2
831078212                                                        0                                  0       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                         9.99                           16.99                   7.99                     5/1/2009                            1.5                       1.5        Group 2
951003005                                                       12                                 11                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
951003654                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.3                      6                     6/1/2009                            1.5                       1.5        Group 2
951003784                                                       36                                 34                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
951003896                                                       12                                 12                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
951003928                                                        0                                  0       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                            13.4                      6                     6/1/2009                            1.5                       1.5        Group 2
951003997                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                         6.65                           16.65                   6.65                     6/1/2009                            1.5                       1.5        Group 2
951004277                                                       24                                 23       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                              14                      6                     5/1/2009                            1.5                       1.5        Group 2
951004355                                                       24                                 23       U                           2/28 6 MO LIBOR                           First Lien                                            6                            16.3                      6                     5/1/2009                            1.5                       1.5        Group 2
951004471                                                       36                                 36                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
951004494                                                       12                                 11                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
951004544                                                       24                                 24       U                           2/28 6 MO LIBOR 40/30 Balloon             First Lien                                            6                           14.75                      6                     6/1/2009                            1.5                       1.5        Group 2
951004598                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
951004624                                                       12                                 11       U                           2/28 6 MO LIBOR                           First Lien                                          6.4                           14.55                    6.4                     5/1/2009                            1.5                       1.5        Group 2
951004645                                                       12                                 12       U                           2/28 6 MO LIBOR                           First Lien                                            6                            14.8                      6                     6/1/2009                            1.5                       1.5        Group 2
951004696                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.8                      6                     6/1/2009                            1.5                       1.5        Group 2
951004852                                                       12                                 12                          0        Fixed Rate 40/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
951004856                                                       24                                 23       U                           2/28 6 MO LIBOR 50/30 Balloon             First Lien                                            6                           18.18                      6                     5/1/2009                            1.5                       1.5        Group 2
951004926                                                       36                                 36       U                           5/25 6 MO LIBOR                           First Lien                                            6                            16.1                      6                     6/1/2012                            1.5                       1.5        Group 2
951005009                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                          15.525                      6                     6/1/2009                            1.5                       1.5        Group 2
951005055                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           13.99                      6                     6/1/2009                            1.5                       1.5        Group 2
951005151                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           17.05                      6                     6/1/2009                            1.5                       1.5        Group 2
951005307                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                           16.05                      6                     6/1/2009                            1.5                       1.5        Group 2
951005417                                                       36                                 36                          0        Fixed Rate 50/30 Balloon                  First Lien                                            0                               0                      0                                                           0                         0        Group 2
951005441                                                       24                                 24       U                           2/28 6 MO LIBOR                           First Lien                                            6                            17.3                      6                     6/1/2009                            1.5                       1.5        Group 2
951006293                                                        0                                  0       U                           2/28 6 MO LIBOR                           First Lien                                            6                           15.45                      6                     6/1/2009                            1.5                       1.5        Group 2
961078209                                                       36                                 35                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
961078240                                                       24                                 24                          0        Fixed Rate 30 Yr                          First Lien                                            0                               0                      0                                                           0                         0        Group 2
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  597
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                2,200
=====================================================================================================================================================================================================================================================================================================================================================================================================

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      E

     

    REQUEST
      FOR RELEASE

     

    To:           [Address
      for Custodian: Mortgage Document Custody

    Wells
      Fargo Corporate Trust Services

    24
      Executive Park, Suite 100

    Irvine,
      California 92614]

    

     

    
      	
               

            	
              Re:

            	
              Pooling
                and Servicing Agreement, dated as of July 1, 2007, among Wells Fargo
                Bank,
                N.A. as the Trustee, Option One Mortgage Corporation as Servicer and
                Financial Asset Securities Corp. as the
                Depositor

            

    

     

    In
      connection with the administration of the Mortgage Loans included in the Trust
      Fund established pursuant to the Pooling and Servicing Agreement dated as of
      July 1, 2007, among Financial Asset Securities Corp. as Depositor, Option One
      Mortgage Corporation, as Servicer, and Wells Fargo Bank, N.A., a national
      banking association, as Trustee and held by you as Custodian pursuant to the
      above-captioned Pooling and Servicing Agreement, we request the release, and
      hereby acknowledge receipt of the Custodial File for the Mortgage Loan described
      below, for the reason indicated.

     

    Mortgage
      Loan Number:

     

    Mortgagor
      Name, Address & Zip Code:

     

    Reason
      for Requesting Documents (check one):

     

    
      	
              _________1.

               

            	
              Mortgage
                Paid in Full

               

            
	
              _________2.

               

            	
              Foreclosure

               

            
	
              _________3.

               

            	
              Substitution

               

            
	
              _________4.

               

            	
              Other
                Liquidation (Repurchases, etc.)

               

            
	
              _________5.

               

            	
              Nonliquidation                                Reason:_____________________

               

            

    

    Address
      to which Trustee should deliver

     

     the
      Custodial File:

     

    
      	 
	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    
      	 	
              By:

            	 
	 	 	
              (authorized
                signer)

            
	 	
              Issuer:

            	 
	 	
              Address:

            	 
	 	
              Date:

            	 

    

    

     

    Custodian

    

    Wells
      Fargo Bank, N.A.

    

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

     

    
      	
              ____________________________

            	
              __________________

            
	
               Signature

               

            	
              Date

               

            
	
              Documents
                returned to Custodian:

               

            	 
	
              ______________________________

            	
              __________________

            
	
               Custodian

               

            	
              Date

               

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      F-1

     

    [FORM
      OF
      TRUSTEE’S INITIAL CERTIFICATION

     

     

    
      	 	 	
              July
                __, 2007

            	 

    

     

     

    Financial
      Asset Securities Corp.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    
      	
               

            	
              Re:

            	
              Pooling
                and Servicing Agreement dated as of July 1, 2007,
                among

            

    

    
      	
               

            	
              Financial
                Asset Securities Corp. as Depositor, Option One
                Mortgage

            

    

    
      	
               

            	
              Corporation,
                as Servicer, and Wells Fargo Bank, N.A., a national banking 

              association,
                as Trustee

            

    

     

    Ladies
      and Gentlemen:

     

    Attached
      is the Trustee’s preliminary exception report delivered in accordance with
      Section 2.02 of the referenced Pooling and Servicing Agreement (the “Pooling and
      Servicing Agreement”). Capitalized terms used but not otherwise defined herein
      shall have the meanings set forth in the Pooling and Servicing
      Agreement.

     

    The
      Trustee has made no independent examination of any documents contained in each
      Mortgage File beyond the review specifically required in the Pooling and
      Servicing Agreement. The Trustee makes no representations as to (i) the
      validity, legality, sufficiency, enforceability or genuineness of any of the
      documents contained in the Mortgage File pertaining to the Mortgage Loans
      identified on the Mortgage Loan Schedule, (ii) the collectability, insurability,
      effectiveness or suitability of any such Mortgage Loan or (iii) whether any
      Mortgage File includes any of the documents specified in clause (vi) of Section
      2.01 of the Pooling and Servicing Agreement.

     

    
      	 	
              WELLS
                FARGO BANK, N.A.

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:]

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [FORM
      OF
      CUSTODIAN’S INITIAL CERTIFICATION

     

     

    
      	 	 	
              _____,
                2007

            	 

    

    Trust
      Receipt #: ____

    Original
      Principal Balance of the Mortgage Loans:$_______

    

    
      	
              Wells
                Fargo Bank, N.A.,

              9062
                Old Annapolis Road

              Columbia,
                Maryland 21045

               

            	
              Financial
                Asset Securities Corp.

              600
                Steamboat Road

              Greenwich,
                Connecticut 08630

            
	
              Greenwich
                Capital Markets, Inc.

              600
                Steamboat Road

              Greenwich,
                Connecticut 08630

            	 

    

    

    
      	
               

            	
              Re:

            	
              Pooling
                and Servicing Agreement dated as of July 1, 2007,
                among

            

    

    
      	
               

            	
              Financial
                Asset Securities Corp. as Depositor, Option One
                Mortgage

            

    

    
      	
               

            	
              Corporation,
                as Servicer, and Wells Fargo Bank, N.A., as
                Trustee

            

    

    

    Ladies
      and Gentlemen:

    

    In
      accordance with the provisions of the above-referenced Pooling and Servicing
      Agreement, the undersigned, as the Custodian, hereby certifies that it is
      holding the Mortgage Loans identified on the schedule attached hereto for the
      exclusive benefit of the Trustee pursuant to the terms and conditions of the
      Pooling and Servicing Agreement, and it has received a Custodial File with
      respect to each such Mortgage Loan (other than any Mortgage Loan specifically
      identified on the exception report attached hereto) and that with respect to
      each such Mortgage Loan: (i) all documents required to be delivered to it
      pursuant to Section 2.01 of this Agreement are in its possession, (ii) such
      documents have been reviewed by it and have not been mutilated, damaged or
      torn
      and appear on their face to relate to such Mortgage Loan and (iii) based on
      its
      examination and only as to the foregoing, the information set forth in the
      Mortgage Loan Schedule that corresponds to items (1) and (3) of the definition
      of “Mortgage Loan Schedule” in the Pooling and Servicing Agreement accurately
      reflects information set forth in the Custodial File.

     

    The
      Custodian hereby confirms that it is holding each such Custodial File as agent
      and bailee of and custodian for the exclusive use and benefit of the Trustee
      pursuant to the terms of the Pooling and Servicing Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Capitalized
      terms used herein shall have the meaning ascribed to them in the Pooling and
      Servicing Agreement.

     

    
      	 	
              WELLS
                FARGO BANK, N.A.

              (Custodian)

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:]

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      F-2

     

    [FORM
      OF
      TRUSTEE’S FINAL CERTIFICATION

     

    
      	 	 	 	 
	 	 	[Date]	 

    

     

    Financial
      Asset Securities Corp.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    
      	
              Re:

            	
              Pooling
                and Servicing Agreement (the “Pooling and Servicing Agreement”), dated as
                of July 1, 2007 among Financial Asset Securities Corp., as Depositor,
                Option One Mortgage Corporation, as Servicer and Wells Fargo Bank,
                N.A.,
                as Trustee with respect to Soundview Home Loan Trust 2007-OPT2,
                Asset-Backed Certificates, Series
                2007-OPT2

            

    

     

    Ladies
      and Gentlemen:

     

    In
      accordance with Section 2.02 of the Pooling and Servicing Agreement, the
      undersigned, as Trustee, hereby certifies that as to each Mortgage Loan listed
      in the Mortgage Loan Schedule (other than any Mortgage loan paid in full or
      listed on Schedule I hereto) it (or its custodian) has received the applicable
      documents listed in Section 2.01 of the Pooling and Servicing
      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 items 1, 3, 10, 11 and 15 of the
      definition of Mortgage Loan Schedule in the Pooling and Servicing Agreement
      accurately reflects information in the Mortgage File.

     

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the Pooling and Servicing Agreement. This Certificate is qualified
      in
      all respects by the terms of said Pooling and Servicing Agreement.

     

    
      	 	
              WELLS
                FARGO BANK, N.A.

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:]

            	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [FORM
      OF
      CUSTODIAN’S FINAL CERTIFICATION

    

    TRUST
      RECEIPT # ___

     

    
      	 	 	
              ______,
                2006

            	 

    

     

    Aggregate
      Amount of Mortgage Loans: _____

    Original
      Principal Balance of Aggregate Mortgage Loans: __________

    

    
      	
              Wells
                Fargo Bank, N.A.,

              9062
                Old Annapolis Road

              Columbia,
                Maryland 21045

               

            	
              Financial
                Asset Securities Corp.

              600
                Steamboat Road

              Greenwich,
                Connecticut 08630

            
	
              Greenwich
                Capital Markets, Inc.

              600
                Steamboat Road

              Greenwich,
                Connecticut 08630

            	 

    

    
      	
               

            	 

    

    
      	
               

            	
              Re:

            	
              Pooling
                and Servicing Agreement (the “Pooling and Servicing Agreement”), dated as
                of July 1, 2007 among Financial Asset Securities Corp., as Depositor,
                Option One Mortgage Corporation, as Servicer and Wells Fargo Bank,
                N.A.,
                as Trustee

            

    

    

    Ladies
      and Gentlemen:

    

    In
      accordance with the provisions of the above-referenced Pooling and Servicing
      Agreement, the undersigned, as the Custodian, hereby certifies that as to each
      Mortgage Loan listed on the Mortgage Loan Schedule (other than any Mortgage
      Loan
      paid in full or any Mortgage Loan listed on the attachment hereto) it has
      reviewed the Custodial Files and has determined that (i) all documents required
      to be delivered to it pursuant to Section 2.01 of the Pooling and Servicing
      Agreement are in its possession and to the extent provided in the Custodial
      Files paragraph of the Pooling and Servicing Agreement are in its possession;
      (ii) such documents have been reviewed by it and appear regular on their face
      and relate to such Mortgage Loan; (iii) based on its examination and only as
      to
      the foregoing documents, the information set forth in items (1) and (3) of
      the
      definition of “Mortgage Loan Schedule” in the Pooling and Servicing Agreement
      accurately reflects information set forth in the Custodial File; and (iv) each
      Mortgage Note has been endorsed as provided in Section 2.01 the Pooling and
      Servicing Agreement and each Mortgage has been assigned in accordance with
      Section 2 of the Pooling and Servicing Agreement. The Custodian makes no
      representations as to (i) the validity, legality, enforceability, sufficiency,
      due authorization or genuineness of any of the documents contained in each
      Custodial File or of any of the Mortgage Loans or (ii) the collectability,
      insurability, effectiveness or suitability of any such Mortgage
      Loan.

     

    The
      Custodian hereby confirms that it is holding each such Custodial File as agent
      and bailee of, and custodian for the exclusive use and benefit, and subject
      to
      the sole direction, of the Trustee pursuant to the terms and conditions of
      the
      Pooling and Servicing Agreement.Capitalized terms used herein shall have the
      meaning ascribed to them in the Pooling and Servicing Agreement.

     

    
      	 	
              WELLS
                FARGO BANK, N.A.

              (Custodian)

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title]

            	 

    

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    EXHIBIT
      F-3

     

    FORM
      OF
      RECEIPT OF MORTGAGE NOTE

     

     

    Financial
      Asset Securities Corp.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    
      	
               

            	
              Re:

            	
              Soundview
                Home Loan Trust 2007-OPT2,

            

    

    
      	
               

            	
              Asset-Backed
                Certificates Series 2007-OPT2

            

    

     

    Ladies
      and Gentlemen:

     

    Pursuant
      to Section 2.01 of the Pooling and Servicing Agreement, dated as of July 1,
      2007, among Wells Fargo Bank, N.A. as the Trustee, Option One Mortgage
      Corporation as Servicer and Financial Asset Securities Corp. as the Depositor,
      we hereby acknowledge the receipt of the original Mortgage Notes with any
      exceptions thereto listed on Exhibit 2.

    

    
      	 	
              WELLS
                FARGO BANK, N.A.

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      G

     

    CAP
      ALLOCATION AGREEMENT

     

    This
      Cap
      Allocation Agreement, dated as of July 10, 2007 (this “Agreement”), between
      Wells Fargo Bank, N.A. (“Wells Fargo”), as cap trustee for the cap trust (in
      such capacity, the “Cap Trustee”) and as trustee under the Pooling and Servicing
      Agreement, as hereinafter defined (in such capacity, the “Trustee”) and
      Greenwich Capital Financial Products, Inc. (“GCFP”).

     

    WHEREAS,
      Wells Fargo, on behalf of a separate trust established hereunder which holds
      an
      Interest Rate Cap Agreement (the “Cap Agreement”), a copy of which is attached
      hereto as Exhibit A, between the Cap Trustee, on behalf of the Cap Trust and
      The
      Bank of New York (the “Cap Provider”) is a counterparty to the Cap Agreement;
      and

     

    WHEREAS,
      it is desirable to irrevocably appoint the Cap Trustee, and the Cap Trustee
      desires to accept such appointment, to receive and distribute funds payable
      by
      the Cap Provider to the Cap Trustee, on behalf of the Cap Trust under the Cap
      Agreement as provided herein;

     

    NOW,
      THEREFORE, in consideration of the mutual covenants contained herein, and for
      other good and valuable consideration, the receipt and adequacy of which are
      hereby acknowledged, the parties agree as follows:

     

    1.  Definitions.  Capitalized
      terms used but not otherwise defined herein shall have the respective meanings
      assigned thereto in the Pooling and Servicing Agreement, dated as of July 1,
      2007 (the “Pooling and Servicing Agreement”), among Financial Asset Securities
      Corp., as Depositor, Option One Mortgage Corporation, as servicer and the
      Trustee, relating to the Soundview Home Loan Trust 2007-OPT2 (the “Trust”),
      Asset-Backed Certificates, Series 2007- OPT2 (the “Certificates”), or in the
      related Indenture as the case may be, as in effect on the date
      hereof.

     

    2.  Cap
      Trust.  There is hereby established a separate trust (the “Cap
      Trust”), into which the Cap Trustee shall deposit the Cap
      Agreement.  The Cap Trust shall be maintained by the Cap
      Trustee.  The sole assets of the Cap Trust shall be the Cap Agreement
      and the Cap Trust Account.

     

    3.  Cap
      Trustee.

     

    (a)  The
      Cap
      Trustee, on behalf of the Cap Trust, is hereby irrevocably appointed to receive
      all funds paid to the Cap Trustee by the Cap Provider, or its successors in
      interest under the Cap Agreement (including any Cap Termination Payment) and
      the
      Cap Trustee accepts such appointment and hereby agrees to receive such amounts,
      deposit such amounts into the Cap Trust Account and to distribute on each
      Distribution Date such amounts in the following order of priority:

     

    (i)  first,
      for deposit into the Cap Account (established under the Pooling and Servicing
      Agreement), an amount equal to the sum of the following amounts remaining
      outstanding after distribution of the Net Monthly Excess Cashflow and any Net
      Swap Payments received under the Interest Rate Swap Agreement with the Trust:
      (A) Unpaid Interest Shortfall Amounts, (B) Net WAC Rate Carryover Amounts;
      (C)
an amount necessary to maintain
      or
      restore the Overcollateralization Target Amount; and (D) any Allocated
      Realized Loss Amounts;

     

    (ii)  second,
      to GCFP, or its designee, any amounts remaining after payment of (i) above,
      provided, however, upon the issuance of notes by an issuer (the “NIM
      Trust”), secured by all or a portion of the Class C Certificates and the Class P
      Certificates (the “NIM Notes”), GCFP, or its designee, hereby instructs the Cap
      Trustee to make any payments under this clause 3(a)(ii):

     

    (A)  to
      the
      Indenture Trustee for the NIM Trust, for deposit into the Note Account (each
      as
      defined in the related Indenture), for distribution in accordance with the
      terms
      of the Indenture until satisfaction and discharge of the Indenture;
      and

     

    (B)  after
      satisfaction and discharge of the Indenture, to the Holders of the Class C
      Certificates, pro rata based on the outstanding Notional Amount of each
      such Certificate.

     

    (b)  The
      Cap
      Trustee agrees to hold any amounts received from the Cap Provider in trust
      upon
      the terms and conditions and for the exclusive use and benefit of the Trustee
      and the Indenture Trustee, as applicable (in turn for the benefit of the
      Certificateholders, the Noteholders, GCFP and the NIMS Insurer, if any) as
      set
      forth herein.  The rights, duties and liabilities of the Cap Trustee
      in respect of this Agreement shall be as follows:

     

    (i)           The
      Cap Trustee shall have the full power and authority to do all things not
      inconsistent with the provisions of this Agreement that may be deemed advisable
      in order to enforce the provisions hereof.  The Cap Trustee shall not
      be answerable or accountable except for its own bad faith, willful misconduct
      or
      negligence. The Cap Trustee shall not be required to take any action to exercise
      or enforce any of its rights or powers hereunder which, in the opinion of the
      Cap Trustee, shall be likely to involve expense or liability to the Cap Trustee,
      unless the Cap Trustee shall have received an agreement satisfactory to it
      in
      its sole discretion to indemnify it against such liability and
      expense.

     

    (ii)           The
      Cap Trustee shall not be liable with respect to any action taken or omitted
      to
      be taken by it in good faith in accordance with the direction of any party
      hereto or the NIMS Insurer, if any, or otherwise as provided herein, relating
      to
      the time, method and place of conducting any proceeding for any remedy available
      to the Cap Trustee or exercising any right or power conferred upon the Cap
      Trustee under this Agreement.

     

    (iii)           The
      Cap Trustee may perform any duties hereunder either directly or by or through
      agents or attorneys of the Cap Trustee.  The Cap Trustee shall not be
      liable for the acts or omissions of its agents or attorneys so long as the
      Cap
      Trustee chose such Persons with due care.

     

    4.  Cap
      Trust Account.  The Cap Trustee shall segregate and hold all funds
      received from the Cap Provider (including any Cap Termination Payment) separate
      and apart from any of its own funds and general assets and shall establish
      and
      maintain in the name of the Cap Trustee one or more segregated accounts (the
      “Cap Trust Account”).

     

    
      	
              5.  

            	
               [Reserved]

            

    

     

    6.  Representations
      and Warranties of Wells Fargo.  Wells Fargo represents and
      warrants as follows:

     

    (a)  Wells
      Fargo is duly organized and validly existing as a national banking association
      under the laws of the United States and has all requisite power and authority
      to
      execute and deliver this Agreement, to perform its obligations as Cap Trustee
      hereunder.

     

    (b)  The
      execution, delivery and performance of this Agreement by Wells Fargo as Trustee
      have been duly authorized in the Pooling and Servicing Agreement.

     

    (c)  This
      Agreement has been duly executed and delivered by Wells Fargo as Cap Trustee
      and
      the Trustee and is enforceable against Wells Fargo in such capacities in
      accordance with its terms, except as enforceability may be affected by
      bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and
      other similar laws relating to or affecting creditors’ rights generally, general
      equitable principles (whether considered in a proceeding in equity or at
      law).

     

    
      	
              7.  

            	
              Replacement
                of Cap Trustee.

            

    

     

    Any
      corporation, bank, trust company or association into which the Cap Trustee
      may
      be merged or converted or with which it may be consolidated, or any corporation,
      bank, trust company or association resulting from any merger, conversion or
      consolidation to which the Cap Trustee shall be a party, or any corporation,
      bank, trust company or association succeeding to all or substantially all the
      corporate trust business of the Cap Trustee, shall be the successor of the
      Cap
      Trustee hereunder, without the execution or filing of any paper or any further
      act on the part of any of the parties hereto, except to the extent that
      assumption of its duties and obligations, as such, is not effected by operation
      of law.

     

    No
      resignation or removal of the Cap Trustee and no appointment of a successor
      Cap
      Trustee shall become effective until the appointment by GCFP, or its designee,
      of a successor Cap Trustee acceptable to the NIMS Insurer, if
      any.  Any successor Cap Trustee shall execute such documents or
      instruments necessary or appropriate to vest in and confirm to such successor
      Cap Trustee all such rights and powers conferred by this Agreement.

     

    The
      Cap
      Trustee may resign at any time by giving written notice thereof to the other
      parties hereto with a copy to the NIMS Insurer, if any.  If a
      successor cap trustee shall not have accepted the appointment hereunder within
      30 days after the giving by the resigning Cap Trustee of such notice of
      resignation, the resigning Cap Trustee may petition any court of competent
      jurisdiction for the appointment of a successor Cap Trustee acceptable to the
      NIMS Insurer, if any.

     

    In
      the
      event of a resignation or removal of the Cap Trustee, GCFP, or its designee,
      shall promptly appoint a successor Cap Trustee acceptable to the NIMS Insurer,
      if any.  If no such appointment has been made within 10 days of the
      resignation or removal, the NIMS Insurer, if any, may appoint a successor Cap
      Trustee.

     

    
      	
              8.  

            	
              Cap
                Trustee Obligations.

            

    

     

    Whenever
      the Cap Trustee, on behalf of the Cap Trust, as a party to the Cap Agreement,
      has the option or is requested in such capacity, whether such request is by
      the
      Cap Provider, to take any action or to give any consent, approval or waiver
      that
      it is on behalf of the Cap Trust entitled to take or give in such capacity,
      including, without limitation, in connection with an amendment of such agreement
      or the occurrence of a default or termination event thereunder, the Cap Trustee
      shall promptly notify the parties hereto and the NIMS Insurer, if any, of such
      request in such detail as is available to it and, shall, on behalf of the
      parties hereto and the NIMS Insurer, if any, take such action in connection
      with
      the exercise and/or enforcement of any rights and/or remedies available to
      it in
      such capacity with respect to such request as GCFP, or its designee, or the
      NIMS
      Insurer, if any, shall direct in writing; provided that if no such direction
      is
      received prior to the date that is established for taking such action or giving
      such consent, approval or waiver (notice of which date shall be given by the
      Cap
      Trustee to the parties hereto and the NIMS Insurer, if any), the Cap Trustee
      may
      abstain from taking such action or giving such consent, approval or
      waiver.

     

    The
      Cap
      Trustee shall forward to the parties hereto and the NIMS Insurer, if any, on
      the
      Distribution Date following its receipt thereof copies of any and all notices,
      statements, reports and/or other material communications and information
      (collectively, the “Cap Reports”) that it receives in connection with the Cap
      Agreement or from the counterparty thereto.

     

    
      	
              9.  

            	
              Miscellaneous.

            

    

     

    (a)  This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York.

     

    (b)  Any
      action or proceeding against any of the parties hereto relating in any way
      to
      this Agreement may be brought and enforced in the courts of the State of New
      York sitting in the borough of Manhattan or of the United States District Court
      for the Southern District of New York and the Cap Trustee irrevocably submits
      to
      the jurisdiction of each such court in respect of any such action or
      proceeding.  The Cap Trustee waives, to the fullest extent permitted
      by law, any right to remove any such action or proceeding by reason of improper
      venue or inconvenient forum.

     

    (c)  This
      Agreement may be amended, supplemented or modified in writing by the parties
      hereto, but only with the consent of GCFP and the NIMS Insurer, if
      any.

     

    (d)  This
      Agreement may not be assigned or transferred without the prior written consent
      of GCFP and the NIMS Insurer, if any; provided, however, the parties hereto
      acknowledge and agree to the assignment of the rights of GCFP, or its designee,
      pursuant to the Sale Agreement, the Trust Agreement and the
      Indenture.

     

    (e)  This
      Agreement may be executed by one or more of the parties to this Agreement on
      any
      number of separate counterparts (including by facsimile transmission), and
      all
      such counterparts taken together shall be deemed to constitute one and the
      same
      instrument.

     

    (f)  Any
      provision of this Agreement which is prohibited or unenforceable in any
      jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
      such prohibition or unenforceability without invalidating the remaining
      provisions hereof, and any such prohibition or unenforceability in any
      jurisdiction shall not invalidate or render unenforceable such provision in
      any
      other jurisdiction.

     

    (g)  The
      representations and warranties made by the parties to this Agreement shall
      survive the execution and delivery of this Agreement.  No act or
      omission on the part of any party hereto shall constitute a waiver of any such
      representation or warranty.

     

    (h)  The
      article and section headings herein are for convenience of reference only,
      and
      shall not limit or otherwise affect the meaning hereof.

     

    (i)  The
      representations and warranties made by the parties to this Agreement shall
      survive the execution and delivery of this Agreement.  No act or
      omission on the part of any party hereto shall constitute a waiver of any such
      representation or warranty.

     

    10.  Third-Party
      Beneficiary.  Each of the Trustee, GCFP or its designee and the
      Indenture Trustee, if any, 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.  If any default
      occurs on the part of the Cap Provider under the Cap Agreement in the making
      of
      a payment due under the Cap Agreement or in any other obligation of the Cap
      Provider under the Cap Agreement, the Cap Trustee may and, upon the request
      of
      the Trustee, GCFP or its designee or the Indenture Trustee, shall take such
      action as may be appropriate to enforce such payment or performance, including
      the institution and prosecution of appropriate proceedings.

     

    11.  Cap
      Trustee and Trustee Rights.  The Cap Trustee shall be entitled to
      the same rights, protections and indemnities afforded to the Trustee under
      the
      Pooling and Servicing Agreement, and the Indenture Trustee under the Indenture,
      in each case as if specifically set forth herein with respect to the Cap
      Trustee.

     

    The
      Trustee shall be entitled to the same rights, protections and indemnities
      afforded to the Trustee under the Pooling and Servicing Agreement as if
      specifically set forth herein with respect to the Cap Trustee.

     

    12.  Limited
      Recourse.  It is expressly understood and agreed by the parties
      hereto that this Agreement is executed and delivered by the Trustee, not in
      its
      individual capacity but solely as Trustee under the Pooling and Servicing
      Agreement.  Notwithstanding any other provisions of this Agreement,
      the obligations of the Trustee under this Agreement are non-recourse to the
      Trustee, its assets and its property, and shall be payable solely from the
      assets of the Trust Fund, and following realization of such assets, any claims
      of any party hereto shall be extinguished and shall not thereafter be
      reinstated.  No recourse shall be had against any principal, director,
      officer, employee, beneficiary, shareholder, partner, member, Trustee, agent
      or
      affiliate of the Trustee or any person owning, directly or indirectly, any
      legal
      or beneficial interest in the Trustee, or any successors or assigns of any
      of
      the foregoing (the “Exculpated Parties”) for the payment of any amount payable
      under this Agreement.  The parties hereto shall not enforce the
      liability and obligations of the Trustee to perform and observe the obligations
      contained in this Agreement by any action or proceeding wherein a money judgment
      establishing any personal liability shall be sought against the Trustee, subject
      to the following sentence, or the Exculpated Parties.  The agreements
      in this paragraph shall survive termination of this Agreement and the
      performance of all obligations hereunder.

     

    IN
      WITNESS WHEREOF, the parties have caused this Agreement to be duly executed
      and
      delivered as of the day and year first above written.

     

    

     

    
      	 	 	 	 	 	 	 	
              WELLS
                FARGO BANK, N.A.

              not
                in its individual capacity but solely as Cap Trustee under this
                Agreement

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 	 
	 	 	 	 	 	 	 	
              Name:

            	 	 
	 	 	 	 	 	 	 	
              Title:

            	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
               

               

               

            	 
	 	 	 	 	 	 	 	
              WELLS
                FARGO BANK, N.A.

              not
                in its individual capacity but solely as Trustee under the Pooling
                and
                Servicing Agreement

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 	 
	 	 	 	 	 	 	 	
              Name:

            	 	 
	 	 	 	 	 	 	 	
              Title:

            	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
               

               

               

            	 
	 	 	 	 	 	 	 	
              GREENWICH
                CAPITAL FINANCIAL PRODUCTS, INC.

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 	 
	 	 	 	 	 	 	 	
              Name:

            	 	 
	 	 	 	 	 	 	 	
              Title:

            	 	 

    

    

     

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    

    EXHIBIT
      A

     

    INTEREST
      RATE CAP AGREEMENT

     

    

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      H

     

    FORM
      OF
      LOST NOTE AFFIDAVIT

     

    Personally
      appeared before me the undersigned authority to administer oaths,
      __________________ who first being duly sworn deposes and says: Deponent is
      __________________________ of ____________________________, successor by merger
      to _________________________ (“Seller”) and who has personal knowledge of the
      facts set out in this affidavit.

     

    On
      _________________________________, _________________________________ did execute
      and deliver a promissory note in the principal amount of
      $____________________.

     

    That
      said
      note has been misplaced or lost through causes unknown and is presently lost
      and
      unavailable after diligent search has been made. Seller’s records show that an
      amount of principal and interest on said note is still presently outstanding,
      due, and unpaid, and Seller is still owner and holder in due course of said
      lost
      note.

     

    Seller
      executes this Affidavit for the purpose of inducing Wells Fargo Bank, N.A.,
      as
      trustee on behalf of Soundview Home Loan Trust 2007-OPT2, Asset-Backed
      Certificates Series 2007-OPT2, to accept the transfer of the above described
      loan from Seller.

     

    Seller
      agrees to indemnify Wells Fargo Bank, N.A. and Financial Asset Securities Corp.
      harmless for any losses incurred by such parties resulting from the above
      described promissory note has been lost or misplaced.

    
       

      
        	
                By:

              	 	 
	 	 	 

      

    

               

    
      	
              STATE
                OF

            	
              )

            	 
	 	
              )   SS:

            	 
	
              COUNTY
                OF

               

            	
              )

               

            	 

    

    On
      this
      ______ day of ______________, 20_, before me, a Notary Public, in and for said
      County and State, appeared , who acknowledged the extension of the foregoing
      and
      who, having been duly sworn, states that any representations therein contained
      are true.

     

    Witness
      my hand and Notarial Seal this _________ day of 20__.

     

    
      
        	 	 
	 	 

      

                 

    

    
    

    My
      commission expires __________________________.

     

    EXHIBIT
      I

     

    FORM
      OF
      LIMITED POWER OF ATTORNEY

     

    KNOW
      ALL
      MEN BY THESE PRESENTS, that [NAME OF MORTGAGEE, ASSIGNEE OR LAST ENDORSEE,
      AS
      APPLICABLE], [a ___________________ corporation][a national banking
      organization], having its principal place of business at
      __________________________, (the “Undersigned”), pursuant to that Pooling and
      Servicing Agreement (the “Pooling and Servicing Agreement”) among Financial
      Asset Securities Corp. (the “Owner”), Wells Fargo Bank, N.A. and Option One
      Mortgage Corporation (“OOMC”), hereby constitutes and appoints OOMC, by and
      through OOMC’s officers, the Undersigned’s true and lawful Attorney-in-Fact, in
      the Undersigned’s name, place and stead, as their interests may appear, and for
      the Undersigned’s respective benefit, in connection with all Mortgage Loans
      serviced by OOMC pursuant to the Pooling and Servicing Agreement, for the
      purpose of performing all acts and executing all documents in the name of the
      Undersigned as may be customarily and reasonably necessary and appropriate
      to
      effectuate the following enumerated transactions in respect of any of the
      mortgages, deeds of trust or security instrument (each a “Mortgage” or a “Deed
      of Trust” respectively) and promissory notes secured thereby (each a “Mortgage
      Note”) for which the Undersigned is acting as Servicer pursuant to the Pooling
      and Servicing Agreement (whether the Undersigned is named therein as mortgagee
      or beneficiary or has become mortgagee by virtue of endorsement of the Mortgage
      Note secured by any such Mortgage or Deed of Trust) all subject to the terms
      of
      the related Pooling and Servicing Agreement.

     

    This
      appointment shall apply to the following enumerated transactions
      only:

     

    1.           The
      modification or re-recording of a Mortgage or Deed of Trust, where said
      modification or re-recording is for the purpose of correcting the Mortgage
      or
      Deed of Trust to conform same to the original intent of the parties thereto
      or
      to correct title errors discovered after such title insurance was issued and
      said modification or re-recording, in either instance, does not adversely affect
      the lien of the Mortgage or Deed of Trust as insured.

     

    2.           The
      subordination of the lien of a Mortgage or Deed of Trust to an easement in
      favor
      of a public utility company or a governmental agency or authority thereunder
      with powers of eminent domain; this section shall include, without limitation,
      the execution of partial satisfaction/release, partial reconveyances or the
      execution of requests to trustees to accomplish same.

     

    3.           The
      conveyance of the properties to the mortgage insurer, or the closing of the
      title to the property to be acquired as real estate owned, or conveyance of
      title to real estate owned.

     

    4.           The
      completion of loan assumption agreements.

     

    5.           The
      full satisfaction/release of a Mortgage or Deed of Trust or full reconveyance
      upon payment and discharge of all sums secured thereby, including, without
      limitation, cancellation of the related Mortgage Note.

     

    6.           The
      assignment of any Mortgage or Deed of Trust and the related Mortgage Note,
      in
      connection with the repurchase of the mortgage loan secured and evidenced
      thereby.

     

    7.           The
      full assignment of a Mortgage or Deed of Trust upon payment and discharge of
      all
      sums secured thereby in conjunction with the refinancing thereof, including,
      without limitation, the assignment of the related Mortgage Note.

     

    8.           With
      respect to a Mortgage or Deed of Trust, the foreclosure, the taking of a deed
      in
      lieu of foreclosure, or the completion of judicial or non-judicial foreclosure
      or termination, cancellation or rescission of any such foreclosure, including,
      without limitation, any and all of the following acts:

     

    a)           the
      substitution of trustee(s) serving under a Deed of Trust, in accordance with
      state law and the Deed of Trust;

    b)           the
      preparation and issuance of statements of breach or
      non-performance;

    c)           the
      preparation and filing of notices of default and/or notices of
      sale;

    d)           the
      cancellation/rescission of notices of default and/or notices of
      sale;

    e)           the
      taking of a deed in lieu of foreclosure; and

    f)           the
      preparation and execution of such other documents and performance of such other
      actions as may be necessary under the terms of the Mortgage, Deed of Trust
      or
      state law to expeditiously complete said transactions in paragraphs 8(a) through
      8(e) above.

     

    9.           The
      full assignment of a Mortgage or Deed of Trust upon sale of a loan pursuant
      to a
      mortgage loan sale agreement for the sale of a loan or pool of loans, including,
      without limitation, the assignment of the related Mortgage Note.

     

    The
      Undersigned gives said Attorney-in-Fact full power and authority to execute
      such
      instruments and to do and perform all and every act and thing necessary and
      proper to carry into effect the power or powers granted by or under this Limited
      Power of Attorney, each subject to the terms and conditions set forth in the
      related Pooling and Servicing Agreement and in accordance with the standard
      of
      care applicable to servicers in the Pooling and Servicing Agreement as fully
      as
      the undersigned might or could do, and hereby does ratify and confirm to all
      that said Attorney-in-Fact shall lawfully do or cause to be done by authority
      hereof.  This Limited Power of Attorney shall be effective as of
      [SERVICING TRANSFER EFFECTIVE DATE].

     

    Nothing
      contained herein shall (i) limit in any manner any indemnification provided
      by
      OOMC to the Owner under the Pooling and Servicing Agreement, or (ii) be
      construed to grant OOMC the power to initiate or defend any suit, litigation
      or
      proceeding in the name of the Undersigned except as specifically provided for
      herein or under the Pooling and Servicing Agreement.

     

    Option
      One Mortgage Corporation hereby agrees to indemnify and hold the Undersigned
      and
      its directors, officers, employees and agents harmless from and against any
      and
      all liabilities, obligations, losses, damages, penalties, actions, judgments,
      suits, costs, expenses or disbursements of any kind or nature whatsoever
      incurred by reason or result of or in connection with the exercise by OOMC
      of
      the powers granted to it hereunder.  The foregoing indemnity shall
      survive the termination of this Limited Power of Attorney and the Pooling and
      Servicing Agreement or the earlier resignation or removal of the Undersigned
      under the Pooling and Servicing Agreement.

     

    Any
      third
      party without actual notice of fact to the contrary may rely upon the exercise
      of the power granted under this Limited Power of Attorney; and may be satisfied
      that this Limited Power of Attorney shall continue in full force and effect
      and
      has not been revoked unless an instrument of revocation has been made in writing
      by the undersigned, and such third party put on notice thereof.  This
      Limited Power of Attorney shall be in addition to and shall not revoke or in
      any
      way limit the authority granted by any previous power of attorney executed
      by
      the Undersigned.

     

    IN
      WITNESS WHEREOF, ____________________ pursuant to the Pooling and Servicing
      Agreement, has caused its corporate seal to be hereto affixed and these presents
      to be signed and acknowledged in its name and behalf by ______________________,
      its duly elected and authorized _________________________ this ___ day of
      _________________, 2006.

     

    
      
        	
                By:

              	 	 
	Name:	 	 
	Title:	 	 

      

                 

    

     

    Acknowledged
      and Agreed

     

    OPTION
      ONE MORTGAGE CORPORATION

     

    
      
        	
                By:

              	 	 
	Name:	 	 
	Title:	 	 

      

              

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      J

     

    FORM
      OF
      INVESTMENT LETTER [NON-RULE 144A]

     

    
      	 	 	
              [DATE]

            	 

    

     

     

    Financial
      Asset Securities Corp.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    Wells
      Fargo Bank, N.A.

     

    
      	
               

            	
              Re:

            	
              Soundview
                Home Loan Trust 2007-OPT2,

            

    

    
      	
               

            	
              Asset-Backed
                Certificates Series 2007-OPT2

            

    

     

    Ladies
      and Gentlemen:

     

    In
      connection with our acquisition of the above-captioned Certificates, we certify
      that (a) we understand that the Certificates are not being registered under
      the
      Securities Act of 1933, as amended (the “Act”), or any state securities laws and
      are being transferred to us in a transaction that is exempt from the
      registration requirements of the Act and any such laws, (b) we are an
“accredited investor,” as defined in Regulation D under the Act, and have such
      knowledge and experience in financial and business matters that we are capable
      of evaluating the merits and risks of investments in the Certificates, (c)
      we
      have had the opportunity to ask questions of and receive answers from the
      Depositor concerning the purchase of the Certificates and all matters relating
      thereto or any additional information deemed necessary to our decision to
      purchase the Certificates, (d) we are not an employee benefit plan that is
      subject to the Employee Retirement Income Security Act of 1974, as amended,
      or a
      plan that is subject to Section 4975 of the Internal Revenue Code of 1986,
      as
      amended, nor are we acting on behalf of any such plan, (e) we are acquiring
      the
      Certificates for investment for our own account and not with a view to any
      distribution of such Certificates (but without prejudice to our right at all
      times to sell or otherwise dispose of the Certificates in accordance with clause
      (g) below), (f) we have not offered or sold any Certificates to, or solicited
      offers to buy any Certificates from, any person, or otherwise approached or
      negotiated with any person with respect thereto, or taken any other action
      which
      would result in a violation of Section 5 of the Act, and (g) we will not sell,
      transfer or otherwise dispose of any Certificates unless (1) such sale, transfer
      or other disposition is made pursuant to an effective registration statement
      under the Act or is exempt from such registration requirements, and if
      requested, we will at our expense provide an opinion of counsel satisfactory
      to
      the addressees of this Certificate that such sale, transfer or other disposition
      may be made pursuant to an exemption from the Act, (2) the purchaser or
      transferee of such Certificate has executed and delivered to you a certificate
      to substantially the same effect as this certificate, and (3) the purchaser
      or
      transferee has otherwise complied with any conditions for transfer set forth
      in
      the Pooling and Servicing Agreement.

     

     

    
      	 	
              WELLS
                FARGO BANK, N.A., not in its individual capacity, but solely as Trust
                Very
                truly yours,

               

              [NAME
                OF TRANSFEREE]

            
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	
              By:

            	 
	 	 	
              Authorized
                Officer

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    FORM
      OF
      RULE 144A INVESTMENT LETTER

     

    
      
        	 	 	
                [DATE]

              	 

      

    

     

    Financial
      Asset Securities Corp.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    Wells
      Fargo Bank, N.A.,

    9062
      Old
      Annapolis Road

    Columbia,
      Maryland 21045

     

    
      	
               

            	
              Re:

            	
              Soundview
                Home Loan Trust 2007-OPT2,

            

    

    
      	
               

            	
              Asset-Backed
                Certificates Series 2007-OPT2

            

    

     

    Ladies
      and Gentlemen:

     

    In
      connection with our acquisition of the above Certificates we certify that (a)
      we
      understand that the Certificates are not being registered under the Securities
      Act of 1933, as amended (the “Act”), or any state securities laws and are being
      transferred to us in a transaction that is exempt from the registration
      requirements of the Act and any such laws, (b) we have had the opportunity
      to
      ask questions of and receive answers from the Depositor concerning the purchase
      of the Certificates and all matters relating thereto or any additional
      information deemed necessary to our decision to purchase the Certificates,
      (c)
      we are not an employee benefit plan that is subject to the Employee Retirement
      Income Security Act of 1974, as amended, or a plan that is subject to Section
      4975 of the Internal Revenue Code of 1986, as amended, nor are we acting on
      behalf of any such plan, (d) we have not, nor has anyone acting on our behalf
      offered, transferred, pledged, sold or otherwise disposed of the Certificates,
      any interest in the Certificates or any other similar security to, or solicited
      any offer to buy or accept a transfer, pledge or other disposition of the
      Certificates, any interest in the Certificates or any other similar security
      from, or otherwise approached or negotiated with respect to the Certificates,
      any interest in the Certificates 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 Certificates under the Securities Act or that would render
      the disposition of the Certificates a violation of Section 5 of the Securities
      Act or require registration pursuant thereto, nor will act, nor has authorized
      or will authorize any person to act, in such manner with respect to the
      Certificates, (e) we are a “qualified institutional buyer” as that term is
      defined in Rule 144A under the Securities Act and have completed either of
      the
      forms of certification to that effect attached hereto as Annex 1 or Annex 2.
      We
      are aware that the sale to us is being made in reliance on Rule 144A. We are
      acquiring the Certificates for our own account or for resale pursuant to Rule
      144A and further, understand that such Certificates 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 Securities Act.

     

    
      	 	
              Very
                truly yours,

               

              [NAME
                OF TRANSFEREE]

            
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	
              By:

            	 
	 	 	
              Authorized
                Officer

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ANNEX
      1 TO EXHIBIT J

     

    QUALIFIED
      INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

     

    [For
      Transferees Other Than Registered Investment Companies]

    

    The
      undersigned (the “Buyer”) hereby certifies as follows to the parties listed in
      the Rule 144A Transferee Certificate to which this certification relates with
      respect to the Certificates described therein:

     

    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, as
      amended (“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 of 1986, as amended.

     

    _________
      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 statements, 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, a copy of which is attached hereto.

     

    _________
      Broker-Dealer. The Buyer is a dealer registered pursuant to Section 15 of
      the Securities Exchange Act of 1934.

     

    _________
      Insurance Company. The Buyer is an insurance company whose primary and
      predominant business activity is the writing of insurance or the reinsuring
      of
      risks underwritten by insurance companies and which is subject to supervision
      by
      the insurance commissioner or a similar official or agency of a State, territory
      or the District of Columbia.

     

    _________
      State or Local Plan. The Buyer is a plan established and maintained by a
      State, its political subdivisions, or any agency or instrumentality of the
      State
      or its political subdivisions, for the benefit of its employees.

     

    _________
      ERISA Plan. The Buyer is an employee benefit plan within the meaning of
      Title I of the Employee Retirement Income Security Act of 1974, as
      amended.

     

    Investment
      Advisor. The Buyer is an investment advisor registered under the Investment
      Advisors Act of 1940.

     

    _________
      Small Business Investment Company. 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. Buyer is a business development company as
      defined in Section 202(a)(22) of the Investment Advisors Act of
      1940.

     

    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)
      securities issued or guaranteed by the U.S. or any instrumentality thereof,
      (iv)
      bank deposit notes and certificates of deposit (v) loan participations, (vi)
      repurchase agreements, (vii) securities owned but subject to a repurchase
      agreement and (viii) 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, except (i) where the Buyer reports its securities
      holdings in its financial statements on the basis of their market value, and
      (ii) no current information with respect to the cost of those securities has
      been published. If clause (ii) in the preceding sentence applies, the securities
      may be valued at market. 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, as
      amended.

     

    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.

     

    6.           Until
      the date of purchase of the Rule 144A Securities, 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 the Certificates will constitute a reaffirmation of this
      certification as of the date of such purchase. In addition, if the Buyer is
      a
      bank or savings and loan is provided above, the Buyer agrees that it will
      furnish to such parties updated annual financial statements promptly after
      they
      become available.

     

    
      	 	
              Print
                Name of Buyer

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 
	 	 	 
	 	
              Date:

            	 

    

     

    
      
        

      

      1Buyer
        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.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ANNEX
      2 TO EXHIBIT J

     

    QUALIFIED
      INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

     

    [For
      Transferees That are Registered Investment Companies]

    

    The
      undersigned (the “Buyer”) hereby certifies as follows to the parties listed in
      the Rule 144A Transferee Certificate to which this certification relates with
      respect to the Certificates described therein:

     

    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, as amended (“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, as amended 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,
      except (i) where the Buyer or the Buyers Family of Investment Companies reports
      its securities holdings in its financial statements on the basis of their market
      value, and (ii) no current information with respect to the cost of those
      securities has been published. If clause (ii) in the preceding sentence applies,
      the securities may be valued at market.

     

    _________
      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) securities issued or guaranteed by the U.S. or any
      instrumentality thereof, (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.

     

    5.           The
      Buyer is familiar with Rule 144A and understands that the parties listed in
      the
      Rule 144A Transferee Certificate to which this certification relates are relying
      and will continue to rely on the statements made herein because one or more
      sales to the Buyer will be in reliance on Rule 144A. In addition, the Buyer
      will
      only purchase for the Buyer’s own account.

     

    6.           Until
      the date of purchase of the Certificates, the undersigned will notify the
      parties listed in the Rule 144A Transferee Certificate to which this
      certification relates of any changes in the information and conclusions herein.
      Until such notice is given, the Buyer’s purchase of the Certificates will
      constitute a reaffirmation of this certification by the undersigned as of the
      date of such purchase.

     

     

    
      	 	
              Print
                Name of Buyer or Adviser

               

               

            
	 	
              By:

            	 
	 	 	
              Name

            
	 	 	
              Title

            
	 	 	 
	 	 	 
	 	
              IF
                AN ADVISER:

            
	 	 	 
	 	 
	 	
              Print
                Name of Buyer

            
	 	 	 
	 	 	 
	 	 	 
	 	
              Date:

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      K

     

    FORM
      OF
      TRANSFER AFFIDAVIT FOR RESIDUAL CERTIFICATES

    PURSUANT
      TO SECTION 5.02(D)

     

    SOUNDVIEW
      HOME LOAN TRUST 2007-OPT2

    ASSET-BACKED
      CERTIFICATES, SERIES 2007-OPT2

     

    
      	
              STATE
                OF

            	
              )

            	 
	 	
              )   ss:

            	 
	
              COUNTY
                OF

               

            	
              )

               

            	 

    

    The
      undersigned, being first duly sworn, deposes and says as follows:

     

    1.  The
      undersigned is an officer of, the proposed Transferee of an Ownership Interest
      in a Residual Certificate (the “Certificate”) issued pursuant to the
      Pooling and Servicing Agreement dated as of July 1, 2007 (the
“Agreement”), among Financial Asset Securities Corp., as depositor (the
“Depositor”), Option One Mortgage Corporation, as servicer (the
“Servicer”) and Wells Fargo Bank, N.A., as trustee (the
“Trustee”).  Capitalized terms used, but not defined herein
      or
      in Exhibit 1 hereto, shall have the meanings ascribed to such terms in the
      Agreement.  The Transferee has authorized the undersigned to make this
      affidavit on behalf of the Transferee for the benefit of the Depositor and
      the
      Trustee.

     

    2.  The
      Transferee is, as of the date hereof, and will be, as of the date of the
      Transfer, a Permitted Transferee.  The Transferee is acquiring its
      Ownership Interest in the Certificate for its own account.  The
      Transferee has no knowledge that any such affidavit is false.

     

    3.  The
      Transferee has been advised of, and understands that (i) a tax will be
      imposed on Transfers of the Certificate 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 the subsequent Transferee furnished 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.

     

    4.  The
      Transferee has been advised of, and understands that a tax will be imposed
      on a
“pass-through entity” holding the Certificate 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 Transferee
      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.)

     

    5.  The
      Transferee has reviewed the provisions of Section 5.02(d) of the Agreement
      and understands the legal consequences of the acquisition of an Ownership
      Interest in the Certificate including, without limitation, the restrictions
      on
      subsequent Transfers and the provisions regarding voiding the Transfer and
      mandatory sales.  The Transferee expressly agrees to be bound by and
      to abide by the provisions of Section 5.02(d) of the Agreement and the
      restrictions noted on the face of the Certificate.  The Transferee
      understands and agrees that any breach of any of the representations included
      herein shall render the Transfer to the Transferee contemplated hereby null
      and
      void.

     

    6.  The
      Transferee agrees to require a Transfer Affidavit from any Person to whom the
      Transferee attempts to Transfer its Ownership Interest in the Certificate,
      and
      in connection with any Transfer by a Person for whom the Transferee is acting
      as
      nominee, trustee or agent, and the Transferee will not Transfer its Ownership
      Interest or cause any Ownership Interest to be Transferred to any Person that
      the Transferee knows is not a Permitted Transferee.  In connection
      with any such Transfer by the Transferee, the Transferee agrees to deliver
      to
      the Trustee a certificate substantially in the form set forth as Exhibit L
      to the Agreement (a “Transferor Certificate”) to the effect that such
      Transferee has no actual knowledge that the Person to which the Transfer is
      to
      be made is not a Permitted Transferee.

     

    7.  The
      Transferee 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 payable
      with respect to the Certificate may exceed the cash flow with respect thereto
      in
      some or all periods and intends to pay such taxes as they become
      due.  The Transferee does not have the intention to impede the
      assessment or collection of any tax legally required to be paid with respect
      to
      the Certificate.

     

    8.  The
      Transferee’s taxpayer identification number is ___________.

     

    9.  The
      Transferee is a U.S. Person as defined in Code
      Section 7701(a)(30).

     

    10.  The
      Transferee is aware that the Certificate may be a “noneconomic residual
      interest” within the meaning of proposed Treasury regulations promulgated
      pursuant to 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.

     

    11.  The
      Transferee will not cause income from the Certificate to be attributable to
      a
      foreign permanent establishment or fixed base, within the meaning of an
      applicable income tax treaty, of the Transferee or any other U.S.
      person.

     

    12.  Check
      one
      of the following:

     

    [_]           The
      present value of the anticipated tax liabilities associated with holding the
      Certificate, as applicable, does not exceed the sum of:

     

    
      	
               

            	
              (i)

            	
              the
                present value of any consideration given to the Transferee to acquire
                such
                Certificate;

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                present value of the expected future distributions on such Certificate;
                and

            

    

     

    
      	
               

            	
              (iii)

            	
              the
                present value of the anticipated tax savings associated with holding
                such
                Certificate as the related REMIC generates
                losses.

            

    

     

    For
      purposes of this calculation, (i) the Transferee is assumed to pay tax at the
      highest rate currently specified in Section 11(b) 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) of the Code if the Transferee 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 (ii) 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
      Transferee.

     

    [_]           The
      transfer of the Certificate complies with U.S. Treasury Regulations Sections
      1.860E-1(c)(5) and (6) and, accordingly,

     

    
      	
               

            	
              (i)

            	
              the
                Transferee is an “eligible corporation,” as defined in U.S. Treasury
                Regulations Section 1.860E-1(c)(6)(i), as to which income from the
                Certificate will only be taxed in the United
                States;

            

    

     

    
      	
               

            	
              (ii)

            	
              at
                the time of the transfer, and at the close of the Transferee’s two fiscal
                years preceding the year of the transfer, the Transferee had gross
                assets
                for financial reporting purposes (excluding any obligation of a person
                related to the Transferee within the meaning of U.S. Treasury Regulations
                Section 1.860E-1(c)(6)(ii)) in excess of $100 million and net assets
                in
                excess of $10 million;

            

    

     

    
      	
               

            	
              (iii)

            	
              the
                Transferee will transfer the Certificate only to another “eligible
                corporation,” as defined in U.S. Treasury Regulations Section
                1.860E-1(c)(6)(i), in a transaction that satisfies the requirements
                of
                Sections 1.860E-1(c)(4)(i), (ii) and (iii) and Section 1.860E-1(c)(5)
                of
                the U.S. Treasury Regulations;
                and

            

    

     

    
      	
               

            	
              (iv)

            	
              the
                Transferee determined the consideration paid to it to acquire the
                Certificate 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 Transferee) that it has determined in good
                faith.

            

    

     

    [_]           None
      of the above.

     

    13.  The
      Transferee is not an employee benefit plan that is subject to Title I of ERISA
      or a plan that is subject to Section 4975 of the Code or a plan subject to
      any Federal, state or local law that is substantially similar to Title I of
      ERISA or Section 4975 of the Code, and the Transferee is not acting on behalf
      of
      or investing plan assets of such a plan.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the Transferee has caused this instrument to be executed on
      its
      behalf, pursuant to authority of its Board of Directors, by its duly authorized
      officer and its corporate seal to be hereunto affixed, duly attested, this
           day of
                  ,
      20  .

     

    

    
      	 	
              [NAME
                OF TRANSFEREE]

               

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

    

     

     [Corporate
      Seal]

     

    ATTEST:

     

    
      	 	 
	
              [Assistant]
                Secretary

            	 

    

     

    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 Transferee, and acknowledged that he executed the same as his free act
      and
      deed and the free act and deed of the Transferee.

     

    Subscribed
      and sworn before me this      day of
         ,
      20  .

     

    

    
      	 	 
	 	
              NOTARY
                PUBLIC

               

              My
                Commission expires the __ day

              of
                _________, 20__

               

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      L

    FORM
      OF
      TRANSFEROR CERTIFICATE

     

    
      	 	 	
              [DATE]

            	 

    

     

    Financial
      Asset Securities Corp.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    
      	
               

            	
              Re:

            	
              Soundview
                Home Loan Trust 2007-OPT2,

            

    

    
      	
               

            	
              Asset-Backed
                Certificates Series 2007-OPT2

            

    

     

    Ladies
      and Gentlemen:

     

    In
      connection with our disposition of the above Certificates we certify that (a)
      we
      understand that the Certificates have not been registered under the Securities
      Act of 1933, as amended (the “Act”), and are being disposed by us in a
      transaction that is exempt from the registration requirements of the Act, (b)
      we
      have not offered or sold any Certificates to, or solicited offers to buy any
      Certificates from, any person, or otherwise approached or negotiated with any
      person with respect thereto, in a manner that would be deemed, or taken any
      other action which would result in, a violation of Section 5 of the Act, (c)
      to
      the extent we are disposing of a Class [ ] Certificate, we have no knowledge
      the
      Transferee is not a Permitted Transferee and (d) no purpose of the proposed
      disposition of a Class [ ] Certificate is to impede the assessment or collection
      of tax.

     

    
      	 	
              Very
                truly yours,

               

               

            
	 	
              TRANSFEROR

               

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    EXHIBIT
      M

     

    FORM
      OF
      ERISA REPRESENTATION LETTER

     

    
      	 	 	
              _____________,
                20__

            	 

    

    
 

    
      	
              Financial
                Asset Securities Corp.

              600
                Steamboat Road

              Greenwich,
                Connecticut 06830

               

            	
              Wells
                Fargo Bank, N.A.,

              9062
                Old Annapolis Road

              Columbia,
                Maryland 21045

               

            

    

    

    
      	
               

            	
              Re:

            	
              Soundview
                Home Loan Trust 2007-OPT2,

            

    

    
      	
               

            	
              Asset-Backed
                Certificates Series 2007-OPT2

            

    

     

    Dear
      Sirs:

     

    _______________________
      (the “Transferee”) intends to acquire from _____________________ (the
“Transferor”) $____________ Initial Certificate Principal Balance Soundview Home
      Loan Trust 2007-OPT2, Asset-Backed Certificates Series 2007-OPT2, Class
      [C][P][R[-X]] (the “Certificates”), issued pursuant to a Pooling and Servicing
      Agreement (the “Pooling and Servicing Agreement”) dated as of July 1, 2007 among
      Financial Asset Securities Corp. as depositor (the “Depositor”), Option One
      Mortgage Corporation as servicer (the “Servicer”) and Wells Fargo Bank, N.A. as
      trustee (the “Trustee”). Capitalized terms used herein and not otherwise defined
      shall have the meanings assigned thereto in the Pooling and Servicing Agreement.
      The Transferee hereby certifies, represents and warrants to, and covenants
      with
      the Depositor, the Trustee and the Servicer the following:

     

    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 Section 406 of ERISA or Section 4975 of the Internal Revenue
      Code of 1986 (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, as modified by section 3(42) of
      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 at 29 C.F.R.§
2510.3-101, as modified by section 3(42) of ERISA.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              Very
                truly yours,

               

               

            
	 	
              [Transferee]

               

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      N-1

     

    FORM
      CERTIFICATION TO BE PROVIDED BY THE DEPOSITOR WITH FORM 10-K

     

    
      	
               

            	
              Re:

            	
              Soundview
                Home Loan Trust, Series 2007-OPT2

            

    

    
      	
               

            	
              Asset
                Backed Certificates, Series
                2007-OPT2

            

    

     

    I,
      [identify the certifying individual], certify that:

     

    l.           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 included in the year covered by this report
      in
      Form 10-K of Soundview Home Loan Trust 2007-OPT2 (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.           Based
      on my knowledge and upon the annual compliance statement required in this report
      under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act
      periodic reports, the Servicer has fulfilled each of its obligations under
      the
      pooling and servicing agreement; 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: Option One Mortgage Corporation and
      Wells
      Fargo Bank, N.A.

     

     

    
      	 	
              FINANCIAL
                ASSET SECURITIES CORP.

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 
	 	
              Date:

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      N-2

     

    FORM
      CERTIFICATION TO BE

    PROVIDED
      TO DEPOSITOR BY THE TRUSTEE

     

    
      	
               

            	
              Re:

            	
              Soundview
                Home Loan Trust 2007-OPT2 (the
“Trust”)

            

    

    Asset-Backed
      Certificates, Series
      2007-OPT2                                                                                                

     

    The
      Trustee hereby certifies to the Depositor 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 [____] (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 Pooling and Servicing 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
      Pooling and Servicing Agreement, and based on my knowledge and the compliance
      review conducted in preparing the assessment of compliance of the Trustee
      required by the Pooling and Servicing Agreement, and except as disclosed in
      the
      Reports, the Trustee has fulfilled its obligations under the Pooling and
      Servicing 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.

     

    In
      giving the certifications above, the
      Trustee has reasonably relied on information provided to it by the following
      unaffiliated parties: [names of servicer(s), subservicer(s), depositor, credit
      risk manager, custodian(s)].

     

     

    
      	 	
              WELLS
                FARGO BANK, N.A., as Trustee

               

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 
	 	
              Date:

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      N-3

     

    FORM
      CERTIFICATION TO BE

    PROVIDED
      TO DEPOSITOR BY THE SERVICER

     

    
      	
               

            	
              Re:

            	
              Soundview
                Home Loan Trust, Series 2007-OPT2

            

    

    Asset
      Backed Certificates, Series 2007-OPT2

     

    I,
      [identify the certifying individual], certify to Financial Asset Securities
      Corp. (the “Depositor”), the Trustee and their respective officers, directors
      and affiliates, and with the knowledge and intent that they will rely upon
      this
      certification, that:

     

    1.           Based
      on my knowledge, the information in the annual compliance statement, the Annual
      Independent Public Accountant's Servicing Report and all servicing reports,
      officer's certificates and other information relating to the servicing of the
      Mortgage Loans 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 date of this certification;

     

    2.           The
      servicing information required to be provided by the Servicer under the Pooling
      and Servicing Agreement has been provided to the Depositor and the
      Trustee;

     

    3.           I
      am is responsible for reviewing the activities performed by the Servicer under
      the Pooling and Servicing Agreement and based upon the review required by the
      Pooling and Servicing Agreement, and except as disclosed in the annual
      compliance statement or the Annual Independent Public Accountant's Servicing
      Report, the Servicer has, as of the date of this certification fulfilled its
      obligations under the Pooling and Servicing Agreement; and

     

    4.           Such
      officer has disclosed to the Depositor and the Trustee all significant
      deficiencies relating to the Servicer’s compliance with the minimum servicing
      standards in accordance with a review conducted in compliance with the Uniform
      Single Attestation Program for Mortgage Bankers or similar standard as set
      forth
      in the Pooling and Servicing Agreement.

     

    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.

     

    Capitalized
      terms used but not defined herein have the meanings ascribed to them in the
      Pooling
      and Servicing Agreement, dated July 1, 2007 (the “Pooling and Servicing
      Agreement”), among the Depositor, Option One Mortgage Corporation as servicer
      and Wells Fargo Bank, N.A. as trustee.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              OPTION
                ONE MORTGAGE CORPORATION

               

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 
	 	
              Date:

            	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      O

     

    FORM
      OF
      INTEREST RATE CAP AGREEMENT

     

    
      	 	 

    

    

    

    
      	
              DATE:

            	
              July
                10, 2007

            
	 	 
	
              TO:

            	
              Wells
                Fargo Bank, N.A., not in its individual capacity, but solely as Cap
                Trustee on behalf of the Cap Trust with respect to the Soundview
                Mortgage
                Loan Trust 2007-OPT2, Asset-Backed Certificates, Series
                2007-2

            
	 	 
	 	 
	
              ATTENTION:

            	
              Client
                Manager, Soundview 2007-OPT2

            
	
              TELEPHONE:

            	
              (410)
                884-2000

            
	
              FACSIMILE:

            	
              (410)
                715-2380

            
	 	 
	
              FROM:

            	
              The
                Bank of New York

            
	 	
              Derivative
                Products Support Department

            
	 	
              Attn:
                Swap Confirmation Dept.

            
	
              TELEPHONE:

            	
              212-804-5163/5103

            
	
              FACSIMILE:

            	
              212-804-5818/5837

            
	 	 
	
              SUBJECT:

            	
              Interest
                Rate
                Cap

            
	 	 
	
              REFERENCE
                NUMBER:

            	
              39477

            

    

    

    The
      purpose of this long-form confirmation (“Long-form
      Confirmation”) is to confirm the terms and conditions
      of the current Transaction entered into on the Trade Date specified below (the
      “Transaction”) between The Bank of New York (“Party
      A”) and Wells Fargo Bank, N.A., not in its
      individual capacity, but solely as cap trustee (the “Cap Trustee”) on behalf of
      the cap trust (the “Cap Trust”) with respect to the Soundview Mortgage Loan
      Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-2

     (“Party
      B”) created under the pooling and servicing agreement, dated as of July 1, 2007,
      among Financial Asset Securities Corp. (the “Depositor”), Option One Mortgage
      Corporation (the “Servicer”), and Wells Fargo Bank, N.A. (the
“Trustee”)

    ,
      (the
“Pooling and Servicing Agreement”).  This Long-form
      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.  Item 2 of this Long-form Confirmation constitutes a
“Confirmation” as referred to in the ISDA Master Agreement
      (defined below); Item 3 of this Long-form Confirmation constitutes a
“Schedule” as referred to in the ISDA Master Agreement; and
      Annex A hereto constitutes Paragraph 13 of a Credit Support Annex to the
      Schedule.

    

    
      	
              Item
                1.

            	
              The
                Confirmation set forth at Item 2 hereof 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 Long-form 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.

            

    

     

    
      	
              Item
                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:

            	
              June
                18, 2007

            
	 	 
	
              Effective
                Date:

            	
              February
                25, 2009

            
	 	 
	
              Termination
                Date:

            	
              July
                25, 2012, subject
                to adjustment in accordance with the Following Business Day
                Convention.

            
	 	 
	
              Fixed
                Amount:

            	 
	 	 
	
              Fixed
                Amount Payer:

            	
              Party
                B

            
	 	 
	
              Fixed
                Amount Payer

            	 
	
              Payment
                Date:

            	
              July
                10, 2007

            
	 	 
	
              Fixed
                Amount:

            	
              USD
                522,000.00, to be paid on behalf of Party B by Greenwich Capital
                Financial
                Products, Inc. to Party A.  The parties agree, for convenience
                and ease of administration, the payment of the Fixed Amount will
                be netted
                with the Additional Payment payable under the Confirmation with reference
                number 39476 and the Fixed Amounts payable under the Confirmations
                with
                reference numbers 39478.

            
	 	 
	
              Floating
                Amounts:

            	 
	 	 
	
              Floating
                Rate Payer:

            	
              Party
                A

            
	 	 
	
              Cap
                Rate:

            	
              5.50%

            
	 	 
	
              Floating
                Rate Payer

            	 
	
              Period
                End Dates:

            	
              The
                25th
                calendar day of each month during the Term of this Transaction, commencing
                March 25, 2009, and ending on the Termination Date, subject to adjustment
                in accordance with the Business Day Convention.

            
	 	 
	
              Floating
                Rate Payer

            	 
	
              Payment
                Dates:

            	
              Early
                Payment shall be applicable. The Floating Rate Payer Payment Date
                shall be
                one (1) Business Day preceding each Floating Rate Payer Period End
                Date.

            
	 	 
	
              Floating
                Amount:

            	
              To
                be determined in accordance
                with the following formula:

            
	 	 
	 	
              Scale
                Factor * Notional Amount *
                Floating Rate Option * Floating Rate Day Count
                Fraction

            
	 	 
	
              Floating
                Rate Option:

            	
              USD-LIBOR-BBA,
                provided, however, if the Floating Rate Option for a Calculation
                Period is
                greater than 9.50% then the Floating Rate Option for such Calculation
                Period shall be deemed equal to 9.50%.

            
	 	 
	
              Designated
                Maturity:

            	
              One
                month

            
	 	 
	
              Floating
                Rate Day

            	 
	
              Count
                Fraction:

            	
              Actual/360

            
	 	 
	
              Scale
                Factor:

            	
              250

            
	 	 
	
              Reset
                Dates:

            	
              The
                first day of each Calculation Period.

            
	 	 
	
              Compounding:

            	
              Inapplicable

            
	 	 
	
              Business
                Days:

            	
              New
                York

            
	 	 
	
              Business
                Day Convention:

            	
              Following

            

    

    

    

    
      	
              Item
                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 Moody’s Second Trigger Downgrade Event has
                occurred and is continuing and at least 30 Local Business Days have
                elapsed since such Moody’s Second Trigger Downgrade Event first
                occurred.

            

    

    

    
      	
              (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 Moody’s Second Trigger Downgrade Event has occurred and
                is continuing and at least 30 Local Business Days have elapsed since
                such
                Moody’s Second Trigger Downgrade Event first
                occurred.

            

    

    

    
      	
              (iv)        
                 

            	
              The
                “Misrepresentation” provisions of Section 5(a)(iv) will
                apply to Party A and will not apply to Party
                B.

            

    

    

    
      	
              (v)         
                 

            	
              The
                “Default under Specified Transaction” provisions of
                Section 5(a)(v) will apply to Party A and will not apply to Party
                B.

            

    

    

    
      	
              (vi)        
                 

            	
              The
                “Cross Default” provisions of Section 5(a)(vi) will apply
                to Party A and will not apply to Party B.  For purposes of
                Section 5(a)(vi), solely with respect to Party
                A:

            

    

    

    “Specified
      Indebtedness” will have the meaning specified in Section 14, 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, a guarantor under an
      Eligible Guarantee with credit ratings at least equal to the S&P Required
      Ratings Threshold and the Moody’s Second Trigger Threshold.

    

    
      	
              (vii)         

            	
              The
                “Bankruptcy” provisions of Section 5(a)(vii) will apply
                to Party A and will apply to Party B; provided, however, that, for
                purposes of applying Section 5(a)(vii) to Party B: (A) Section
                5(a)(vii)(2) shall not apply, (B) Section 5(a)(vii)(3) shall not
                apply to
                any assignment, arrangement or composition that is effected by or
                pursuant
                to the Pooling and Servicing Agreement, (C) Section 5(a)(vii)(4)
                shall not
                apply to a proceeding instituted, or a petition presented, by Party
                A or
                any of its Affiliates (for purposes of Section 5(a)(vii)(4), Affiliate
                shall have the meaning set forth in Section 14, notwithstanding anything
                to the contrary in this Agreement), (D) Section 5(a)(vii)(6) shall
                not
                apply to any appointment that is effected by or pursuant to the Pooling
                and Servicing Agreement, or any appointment to which Party B has
                not yet
                become subject; (E) Section 5(a)(vii) (7) shall not apply; (F) Section
                5(a)(vii)(8) shall apply only to the extent of any event which has
                an
                effect analogous to any of the events specified in clauses (1), (3),
                (4),
                (5) or (6) of Section 5(a)(vii), in each case as modified in this
                Part
                1(c)(vii), and (G) Section 5(a)(vii)(9) shall not
                apply.

            

    

    

    
      	
              (viii)        

            	
              The
                “Merger Without Assumption” provisions of Section
                5(a)(viii) will apply to Party A and will apply to Party
                B.

            

    

    

    (d)           Termination
      Events.

    

    The
      statement below that a Termination Event will apply to a specific party means
      that upon the occurrence of such a Termination Event, if such specific party
      is
      the Affected Party with respect to a Tax Event, the Burdened Party with respect
      to a Tax Event Upon Merger (except as noted below) or the non-Affected Party
      with respect to a Credit Event Upon Merger, as the case may be, such specific
      party shall have the right to designate an Early Termination Date in accordance
      with Section 6 of this Agreement; conversely, the statement below that such
      an
      event will not apply to a specific party means that such party shall not have
      such right; provided, however, with respect to “Illegality” the statement that
      such event will apply to a specific party means that upon the occurrence of
      such
      a Termination Event with respect to such party, either party shall have the
      right to designate an Early Termination Date in accordance with Section 6 of
      this Agreement.

    

    (i)           The
      “Illegality” provisions of Section 5(b)(i) will apply to Party
      A and will apply to Party B.

    

    
      	
               

            	
              (ii)

            	
              The
                “Tax Event” provisions of Section 5(b)(ii) will apply to
                Party A 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, notwithstanding anything
                to
                the contrary in this Agreement, if an Early Termination Date has
                been
                designated as a result 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 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 Eligible Replacement 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:

            

    

    

    “Settlement
      Amount” means, with respect to any Early Termination Date, an
      amount (as determined by Party B) equal to:

    

    
      	
               

            	
              (a)

            	
              if,
                on or prior to such Early Termination Date, a Market Quotation for
                the
                relevant Terminated Transaction or group of Terminated Transactions
                is
                accepted by Party B so as to become legally binding, the Termination
                Currency Equivalent of the amount (whether positive or negative)
                of such
                Market Quotation;

            

    

    

    
      	
               

            	
              (b)

            	
              if,
                on such Early Termination Date, 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 communicated to Party
                B
                and remain capable of becoming legally binding upon acceptance by
                Party B,
                the Termination Currency Equivalent of the amount (whether positive
                or
                negative) of the lowest of such Market Quotations (for the avoidance
                of
                doubt, (I) a Market Quotation expressed as a negative number is lower
                than
                a Market Quotation expressed as a positive number and (II) the lower
                of
                two Market Quotations expressed as negative numbers is the one with
                the
                largest absolute value); or

            

    

    

    
      	
               

            	
              (c)

            	
              if,
                on such Early Termination Date, 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 has been communicated to Party B and remains
                capable
                of becoming legally binding upon acceptance by Party B, 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 Early Termination
                Date.

            

    

    

    
      	
               

            	
              (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:

            

    

    

    “(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 against any amount payable by Party B under
      the
      immediately preceding clause (I).”

    

    
      	
              (E)         
                 

            	
              At
                any time on or before the Early Termination Date at which two or
                more
                Market Quotations from Approved Replacements have been communicated
                to
                Party B and remain capable of becoming legally binding upon acceptance
                by
                Party B, Party B shall be entitled to accept only the lowest of such
                Market Quotations (for the avoidance of doubt, (I) a Market Quotation
                expressed as a negative number is lower than a Market Quotation expressed
                as a positive number and (II) the lower of two Market Quotations
                expressed
                as negative numbers is the one with the largest absolute
                value).

            

    

    

    
      	
              (F)         
                 

            	
              In
                determining whether or not a Firm Offer satisfies clause (B)(y) of
                the
                definition of Replacement Transaction and whether or not a proposed
                transfer satisfies clause (e)(B)(y) of the definition of Permitted
                Transfer, Party B shall act in a commercially reasonable
                manner.

            

    

    

    
      	
              (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).

    

    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):

    

    (x)
      It is
      a “U.S. person” (as that term is used in section 1.1441-4(a)(3)(ii) of the
      United States Treasury Regulations) for United States federal income tax
      purposes, (y) it is a trust company duly organized and existing under the laws
      of the State of New York, and (y) its U.S. taxpayer identification number is
      135160382.

    

    (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.

            

    

    

    
      	
               

            	
              (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.

    

      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

            	
              A
                correct, complete and duly executed U.S. Internal Revenue Service
                Form W-9
                (or successor thereto) that establishes an exemption from deduction
                or
                withholding obligation on payments to Party A under this
                Agreement.

            	 	
              Upon
                the execution and delivery of this Agreement

            
	 	 	 	 
	
              Party
                B

            	
              A
                correct, complete and executed U.S. Internal Revenue Service Form
                W-9,
                W-8BEN, W-8ECI, or W-8IMY, with appropriate attachments, as applicable,
                or
                any other or successor form, in each case that establishes an exemption
                from deduction or withholding obligations; and any other document
                reasonably requested to allow Party A to make payments under this
                Agreement without any deduction or withholding for or on account
                of any
                tax.

            	 	
              (i)
                Before the first Payment Date under this Agreement, (ii) in the case
                of a
                U.S. Internal Revenue Service Form W-8ECI, W-8IMY, and W-8BEN that
                does
                not include a U.S. taxpayer identification number in line 6, before
                December 31 of each third succeeding calendar year, (iii) promptly
                upon
                reasonable demand by Party A, and (iv) promptly upon receiving actual
                knowledge that any such form previously provided by Party B has become
                obsolete or incorrect

            

    

    

    

    (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

            	
              A
                copy of the quarterly and annual financial statements of Party A
                for the
                most recently completed fiscal year and publicly available in its
                regulatory call report

            	 	
              Promptly
                upon becoming publicly available; provided,
                if available on http://www.fdic.gov, such delivery is not
                required

            	
              No

            
	 	 	 	 	 
	
              Party
                A

            	
              An
                opinion of counsel to Party A as to the enforceability of this
                Confirmation reasonably acceptable to Party B.

            	 	
              Upon
                the execution and delivery of this Agreement

            	
              No

            
	 	 	 	 	 
	
              Party
                B

            	
              An
                opinion of counsel to Party B as to the enforceability of this
                Confirmation reasonably acceptable to Party A.

            	 	
              Upon
                the execution and delivery of this Agreement

            	
              No

            

    

    

    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:               The
      Bank of New York

    Swaps
      and
      Derivative Products Group

    Global
      Market Division

    32
      Old
      Slip 15th Floor

    New
      York,
      NY 10286

    Attention:
      Steve Lawler

    Facsimile:
      212-495-1016

    Phone:
      212-804-2137

    

    with
      a
      copy to:

     

    The
      Bank
      of New York

    Swaps
      and
      Derivative Products Group

    32
      Old
      Slip 16th Floor

    New
      York,
      New York 10286

    Attention:
      Andrew Schwartz

    Tele:
      212-804-5103

    Fax:
      212-804-5818/5837

    

    (For
      all
      purposes)

    

    A
      copy of
      any notice or other communication with respect to Sections 5 or 6 should also
      be
      sent to the addresses set out below:

     

    The
      Bank
      of New York

    Legal
      Department

    One
      Wall
      Street – 10th Floor

    New
      York,
      New York 10286

    Attention:
      General Counsel

    

    Address
      for notices or communications
      to Party B:

    

    Wells
      Fargo Bank, N.A.

    9062
      Old
      Annapolis Road

    Columbia,
      MD 21045

    Attn:
      Client Manger, Soundview 2007-OPT2

    Phone:
      410-884-2000

    Facsimile:
      410-715-2380

    

    (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.

            

    

    

    
      	
              (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
                financial institution which would qualify as a Reference Market-maker,
                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 (including any claim or controversy arising out of or relating
                to
                this Agreement), 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.  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).

            

    

     

    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.

            

    

     

    
      	
               

            	
              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 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.

            

    

     

    (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):

            

    

    

    
      	
               

            	
              “(g)

            	
              Relationship
                Between Parties.

            

    

    

    
      	
               

            	
              (1)

            	
              Nonreliance.  (i)
                It is not relying on any statement or representation of the other
                party
                (whether written or oral) regarding any Transaction hereunder, 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) each 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 (i) by deleting the words “or if a Tax Event Upon Merger occurs
                and the Burdened Party is the Affected Party,” and the words “, which
                consent will not be withheld if such other party’s policies in effect at
                such time would permit it to enter into transactions with the transferee
                on the terms proposed” 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”.

            

    

    

    
      	
              (c)

            	
              Additional
                Termination Events.  The following Additional
                Termination Events will apply:

            

    

    

    
      	
              (i)         
                  

            	
              Failure
                to Post Collateral.  If 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, and such failure has
                not
                given rise to an Event of Default under Section 5(a)(i) or Section
                5(a)(iii), 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.  The occurrence of any
                event described in this Part 5(c)(ii) shall constitute an Additional
                Termination Event with respect to Party A and Party A shall be the
                sole
                Affected Party with respect to such Additional Termination
                Event.

            

    

    

    
      	
               

            	
              (A)

            	
              A
                Moody’s Second Trigger Downgrade Event has occurred and is continuing and
                at least 30 Local Business Days have elapsed since such Moody’s Second
                Trigger Downgrade Event first occurred, and at least one Eligible
                Replacement has made a Firm Offer that would, assuming the occurrence
                of
                an Early Termination Date, qualify as a Market Quotation (on the
                basis
                that Part 1(f)(i)(A) applies) and which remains capable of becoming
                legally binding upon acceptance.

            

    

    

    
      	
               

            	
              (B)

            	
              An
                S&P Required Ratings Downgrade Event has occurred and is continuing
                and at least 60 calendar days have elapsed since such S&P Required
                Ratings Downgrade Event first
                occurred.

            

    

    

    
      	
               

            	
              (iii)

            	
              Failure
                to Comply with Regulation AB Requirements.  If (i) the
                Depositor still has a reporting obligation with respect to the Transaction
                hereunder pursuant to Regulation AB and (ii) Party A has not, within
                the
                applicable time period specified in Part 5(e)(ii)(a) below after
                a Swap
                Disclosure Event, complied with any of the provisions set forth in
                Part
                5(e)(ii) below, 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.

            

    

    

    
      	
               

            	
              (iv)

            	
              Optional
                Termination of Securitization.  An Additional
                Termination Event shall occur upon the earlier of (i) the occurrence
                of an
                Optional Termination in accordance with Article X of the Pooling
                and
                Servicing Agreement or (ii) notice to Certificateholders of such
                Optional
                Termination becoming unrescindable, in accordance with Article X
                of the
                Pooling and Servicing Agreement. Party B shall be the sole Affected
                Party
                with respect to such Additional Termination Event; provided, however,
                that
                notwithstanding anything to the contrary in Section 6(b)(iv), only
                Party B
                may designate an Early Termination Date as a result of this Additional
                Termination Event.

            

    

    

    
      	
              (d)

            	
              Required
                Ratings Downgrade Event.  If a Required Ratings
                Downgrade Event has occurred and is continuing, then Party A shall,
                at its
                own expense, use commercially reasonable efforts to, as soon as reasonably
                practicable, either (A) effect a Permitted Transfer or (B) procure
                an
                Eligible Guarantee by a guarantor with credit ratings at least equal
                to
                the S&P Required Ratings Threshold and the Moody’s Second Trigger
                Threshold.

            

    

    

    (e)           Compliance
      with Regulation AB.

     

    
      	
              (i)

            	
              It
                shall be a swap disclosure event (“Swap Disclosure
                Event”) if, at any time after the date hereof while the Depositor
                has reporting obligations with respect to this Transaction pursuant
                to
                Regulation AB, the Depositor or Greenwich Capital Financial Products,
                Inc.
                (the “Sponsor”) notifies Party A that the aggregate
                “significance percentage” (calculated in accordance with the provisions of
                Item 1115 of Regulation AB) of all derivative instruments provided
                by
                Party A and any of its affiliates to Party B (collectively, the
                “Aggregate Significance Percentage”) is 9% or
                more.

            

    

     

    
      	
              (ii)

            	
              Upon
                the occurrence of a Swap Disclosure Event while the Depositor has
                reporting obligations with respect to this Transaction pursuant to
                Regulation AB, Party A, at its own cost and expense (and without
                any
                expense or liability to the Depositor, the Sponsor, the Underwriters,
                the
                Depositor, the Trustee or the Issuing Entity), shall take one of
                the
                following actions:

            

    

     

    
      	
               

            	
              (a)

            	
              provide
                to the Sponsor and the Depositor: (i) if the Aggregate Significance
                Percentage is 9% or more, but less than 10%, within thirty (30) days,
                either, at the sole discretion of Party A, the information required
                under
                Item 1115(b)(1) or Item 1115(b)(2) of Regulation AB, (ii) if the
                Aggregate
                Significance Percentage is 10% or more, but less than 20%, within
                five (5)
                Business Days, either, at the sole discretion of Party A, the information
                required under Item 1115(b)(1) or Item 1115(b)(2) of Regulation AB,
                (iii)
                if the Aggregate Significance Percentage is 19% or more, but less
                than
                20%,, within thirty (30) days, the information required under Item
                1115(b)(2) of Regulation AB or (iv) if the Aggregate Significance
                Percentage is 20% or more, within five (5) Business Days, the information
                required under Item 1115(b)(2) of Regulation AB;
                or

            

    

     

    
      	
               

            	
              (b)

            	
              transfer
                in a Permitted Transfer (provided that a Permitted Transfer pursuant
                to
                this subclause (b) shall not require satisfaction of the Rating Agency
                Condition) its obligations under the Transaction to a counterparty
                with
                the Approved Ratings Thresholds (or which satisfies the Rating Agency
                Condition), that (x) provides the information specified in clause
                (a)
                above to the Depositor and Sponsor and (y) enters into documentation
                substantially similar to the documentation then in place between
                Party A
                and Party B.

            

    

     

    
      	
              (iii)

            	
              For
                so long as the Aggregate Significance Percentage is 10% or more and
                the
                Depositor has reporting obligations with respect to this Transaction,
                Party A shall provide any updates to the information provided pursuant
                to
                clause (ii)(a) above to the Sponsor and the Depositor within five
                (5)
                Business Days following the availability thereof (but in no event
                more
                than 6 months after the end of each of Party A’s fiscal year for any
                annual update and when available for any interim
                update).

            

    

     

    
      	
              (iv)

            	
              All
                information provided pursuant to clause (ii) shall be in a form suitable
                for conversion to the format required for filing by the Depositor
                with the
                Commission via the Electronic Data Gathering and Retrieval System
                (EDGAR).  The parties hereto acknowledge that electronic files
                in Adobe Acrobat format will be deemed to satisfy the requirements
                of this
                Part 5(e)(iv).  In addition, any such information, if audited,
                shall be accompanied by any necessary auditor’s consents or, if such
                information is unaudited, shall be accompanied by an appropriate
                agreed-upon procedures letter from Party A’s accountants.  If
                permitted by Regulation AB, any such information may be provided
                by
                reference to or incorporation by reference from reports filed pursuant
                to
                the Exchange Act.

            

    

     

    (v)           The
      Sponsor and the Depositor each shall be an express third party beneficiary
      of
      this Agreement with respect to Party A’s undertakings under this Part 5(e)
      only.

    

     

    
      	
              (f)

            	
              Transfers.

            

    

     

    (i)           Section
      7 is hereby amended to read in its entirety as follows:

     

    “Neither
      this Agreement nor any interest or obligation in or under this Agreement may
      be
      transferred (whether by way of security or otherwise) by either party 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, except
      that:

     

    
      	
               

            	
              (a)

            	
              Party
                A may make a Permitted Transfer (1) pursuant to Section 6(b)(ii)
                or Part
                5(e), (2) pursuant to a consolidation or amalgamation with, or merger
                with
                or into, or transfer of all or substantially all its assets to, another
                entity (but without prejudice to any other right or remedy under
                this
                Agreement), or (3) at any time at which no Relevant Entity has credit
                ratings at least equal to the Approved Ratings
                Threshold;

            

    

     

    
      	
               

            	
              (b)

            	
              Party
                B may transfer its rights and obligations hereunder in connection
                with a
                transfer pursuant to Section 8.09 of the Pooling and Servicing Agreement,
                and

            

    

     

    
      	
               

            	
              (c)

            	
              a
                party may make such a transfer of all or any part of its interest
                in any
                amount payable to it from a Defaulting Party under Section
                6(e).

            

    

     

    Any
      purported transfer that is not in compliance with this Section will be
      void. 

     

    
      	
               

            	
              (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
                Cap Trust
                and the proceeds thereof, 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 Cap Trust
                and the
                proceeds thereof, should be insufficient to satisfy all claims outstanding
                and following the realization of the account held by the Cap 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.  This provision will survive the termination of this
                Agreement.

            

    

    

    
      	
              (h)

            	
              [Reserved.]

            

    

     

    
      	
              (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 Rating Agency has been provided 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 Rating Agencies has been provided
                prior
                written notice of the same and the Rating Agency Condition is satisfied
                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
                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 Cap Trust, or the Issuer, 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)

            	
              Cap
                Trustee Liability Limitations.  It is expressly
                understood and agreed by the parties hereto that (a) this Agreement
                is
                executed by Wells Fargo Bank, N.A. (“WFBNA”) not individually or
                personally, but solely as Cap Trustee under the Pooling and Servicing
                Agreement in the exercise of the powers and authority conferred and
                vested
                in it under the terms of the Pooling and Servicing Agreement; (b)
                WFBNA
                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 the
                part
                of Party B is made and intended not as personal representations,
                undertakings and agreements of WFBNA but is made and intended for
                the
                purpose of binding only the Cap Trust; (d) nothing herein contained
                shall
                be construed as creating any liability on the part of WFBNA, individually
                or personally, to perform any covenant, either expressed or implied,
                contained herein, all such liability, if any, being expressly waived
                by
                the parties hereto and by any Person claiming by, through or under
                the
                parties hereto; and (e) under no circumstances shall WFBNA be personally
                liable for the payment of any indebtedness or expenses of Party B
                or be
                liable for the breach or failure of any obligation, representation,
                warranty or covenant made or undertaken by Party B under this Agreement
                or
                any other related documents, as to all of which recourse shall be
                had
                solely to the assets of the Cap Trust in accordance with the terms
                of the
                Pooling and Servicing Agreement.

            

    

    

    
      	
              (o)

            	
              Severability.  If
                any term, provision, covenant, or condition of this Agreement, or
                the
                application thereof to any party or circumstance, shall be held to
                be
                invalid or unenforceable (in whole or in part) in any respect, the
                remaining terms, provisions, covenants, and conditions hereof shall
                continue in full force and effect as if this Agreement had been executed
                with the invalid or unenforceable portion eliminated, so long as
                this
                Agreement as so modified continues to express, without material change,
                the original intentions of the parties as to the subject matter of
                this
                Agreement and the deletion of such portion of this Agreement will
                not
                substantially impair the respective benefits or expectations of the
                parties; provided, however, that this severability provision shall
                not be
                applicable if any provision of Section 2, 5, 6, or 13 (or any definition
                or provision in Section 14 to the extent it relates to, or is used
                in or
                in connection with any such Section) shall be so held to be invalid
                or
                unenforceable.

            

    

    

    The
      parties shall endeavor to engage in good faith negotiations to replace any
      invalid or unenforceable term, provision, covenant or condition with a valid
      or
      enforceable term, provision, covenant or condition, the economic effect of
      which
      comes as close as possible to that of the invalid or unenforceable term,
      provision, covenant or condition.

    

    
      	
              (p)

            	
              Agent
                for Party B.  Party A acknowledges that Party B has
                appointed the Cap Trustee under the Pooling and Servicing Agreement
                to
                carry out certain functions on behalf of Party B, and that the Cap
                Trustee
                shall be entitled to give notices and to perform and satisfy the
                obligations of Party B hereunder on behalf of Party
                B.

            

    

     

    
      	
              (q)

            	
              Limitation
                on Events of Default.  Notwithstanding the provisions
                of Sections 5 and 6, with respect to any Transaction, if at any time
                and
                so long as Party B has satisfied in full all its payment obligations
                under
                Section 2(a)(i) in respect of each Transaction with the reference
                number
                39477 (each, a “Cap Transaction”) and has at the time no future payment
                obligations, whether absolute or contingent, under such Section in
                respect
                of such Cap Transaction, then unless Party A is required pursuant
                to
                appropriate proceedings to return to Party B or otherwise returns
                to Party
                B upon demand of Party B any portion of any such payment in respect
                of
                such Cap Transaction, (a) the occurrence of an event described in
                Section
                5(a) with respect to Party B shall not constitute an Event of Default
                or
                Potential Event of Default with respect to Party B as Defaulting
                Party in
                respect of such Cap Transaction and (b) Party A shall be entitled
                to
                designate an Early Termination Date pursuant to Section 6 in respect
                of
                such Cap Transaction only as a result of the occurrence of a Termination
                Event set forth in either Section 5(b)(i) or 5(b)(ii) with respect
                to
                Party A as the Affected Party, or Section 5(b)(iii) with respect
                to Party
                A as the Burdened Party.  For purposes of the Transactions
                identified by the reference numbers 39477, Party A acknowledges and
                agrees
                that Party B’s only payment obligation under Section 2(a)(i) in respect of
                each Cap Transaction is to pay the related Fixed Amount on the related
                Fixed Amount Payer Payment Date.

            

    

     

    
      	
              (r)

            	
              Consent
                to Recording.  Each party hereto consents to the
                monitoring or recording, at any time and from time to time, by the
                other
                party of any and all communications between trading, marketing, and
                operations personnel of the parties and their Affiliates, waives
                any
                further notice of such monitoring or recording, and agrees to notify
                such
                personnel of such monitoring or recording.  Each party agrees to
                provide such recording to the other party upon reasonable
                request.

            

    

    

    
      	
              (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 Long-form 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 Party A is a bank
                subject to the requirements of Federal Deposit Insurance Act, delivery
                and
                performance of this Agreement (including the Credit Support Annex
                and each
                Confirmation) have been authorized by all necessary corporate action
                of
                Party A, the person executing this Agreement on behalf of Party A
                is an
                officer of Party A of the level of vice president or higher, 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 this Agreement and the Transaction
                as
                principal and not as agent of any person.  Party B represents to
                Party A on the date on which the Cap Trustee executes this Agreement
                on
                behalf of Party B, that it is executing this Agreement, not individually,
                but solely its capacity as Cap Trustee on behalf of the Cap
                Trust.

            

    

     

    
      	
              (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.

            

    

     

    
      	
               

            	
              (iii)

            	
              Swap
                Agreement.  Party A acknowledges that each Transaction
                is a “swap agreement” as defined in 12 U.S.C. Section 1821(e)(8)(D)(vi)
                and a “covered swap agreement” as defined in the Commodity Exchange Act (7
                U.S.C. Section 27(d)(1)).

            

    

     

    (x)           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.

    

    “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 of Party A under this Agreement (or, solely
      for
      purposes of the definition of Eligible Replacement, all present and future
      obligations of such Eligible Replacement under this Agreement or its
      replacement, as applicable) which is provided by a guarantor as principal debtor
      rather than surety and which 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 deduction or Tax collected by withholding, and such opinion
      has been delivered to Moody’s, or (B) such guarantee provides that, in the event
      that any of such guarantor’s payments to Party B are subject to deduction or 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 deduction or withholding been
      required, or (C) in the event that any payment under such guarantee is made
      net
      of deduction or withholding for Tax, Party A is required, under Section 2(a)(i),
      to make such additional payment as is necessary to ensure that the net amount
      actually received by Party B from the guarantor will equal the full amount
      Party
      B would have received had no such deduction or withholding been
      required.

    

    “Eligible
      Replacement” means
      an entity (A) that lawfully could perform the obligations owing to Party B
      under
      this Agreement (or its replacement, as applicable) and (B)  (I) (x)
      which has credit ratings from S&P at least equal to the S&P Required
      Ratings Threshold or (y) all present and future obligations of which entity
      owing to Party B under this Agreement (or its replacement, as applicable) are
      guaranteed pursuant to an Eligible Guarantee provided by a guarantor with credit
      ratings from S&P at least equal to the S&P Required Ratings Threshold,
      in either case if S&P is a Rating Agency, and (II) (x) which has credit
      ratings from Moody’s at least equal to the Moody’s Second Trigger Ratings
      Threshold or (y) all present and future obligations of which entity owing to
      Party B under this Agreement (or its replacement, as applicable) are guaranteed
      pursuant to an Eligible Guarantee provided by a guarantor with credit ratings
      from Moody’s at least equal to the Moody’s Second Trigger Ratings Threshold, in
      either case if Moody’s is a Rating Agency.

    

    “Financial
      Institution” means a bank, broker/dealer, insurance company,
      structured investment company or derivative product company.

    

    “Firm
      Offer” means a quotation from an 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.

    

    

    “Moody’s”
      means Moody’s Investors Service, Inc., or any successor thereto.

    

    “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 Downgrade 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) or Part 5(e), or described in Sections 7(a)(2) or (3) (as
      amended herein) to a transferee (the “Transferee”) 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) the Transferee contracts with Party B pursuant
      to a
      written instrument (the “Transfer Agreement”) (A) (i) on terms which are
      effective to transfer to the Transferee all, but not less than all, of Party
      A’s
      rights, liabilities, duties and obligations under the Agreement and all relevant
      Transactions, which terms are identical to the terms of this Agreement, 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 (ii) each Rating Agency
      has been given prior written notice of such transfer or (B) (i) on terms that
      (x) have the effect of preserving for Party B the economic equivalent of all
      payment and delivery obligations (whether absolute or contingent and assuming
      the satisfaction of each applicable condition precedent) under this Agreement
      immediately before such transfer and (y) are, in all material respects, no
      less
      beneficial for Party B than the terms of this Agreement immediately before
      such
      transfer, as determined by Party B, and (ii) Moody’s has been given prior
      written notice of such transfer and the Rating Agency Condition is satisfied
      with respect to S&P; (f) 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); and (g) 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 Rating Agency specified in connection
      with such proposed act or omission, that the party proposing such act or failure
      to act must consult with each of the specified Rating Agencies and receive
      from
      each such Rating Agency 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.

    

    “Rating
      Agencies” mean, 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 Soundview Mortgage Loan Trust 2007-OPT2 (the
      “Certificates”) or any notes backed by any of the Certificates (the
“Notes”).

    

    “Relevant
      Entities” mean 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
      (A) has terms which would be effective to transfer to a transferee all, but
      not
      less than all, of Party A’s rights, liabilities, duties and obligations under
      this Agreement and all relevant Transactions, which terms are identical to
      the
      terms of this Agreement, 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, save
      for the exclusion of provisions relating to Transactions that are not Terminated
      Transactions, or (B) (x) 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) under this Agreement 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 (y) has terms which are, in all material respects, no less
      beneficial for Party B than those of this Agreement (save for the exclusion
      of
      provisions relating to Transactions that are not Terminated Transactions),
      as
      determined by Party B.

    

    “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 of “A-1” from S&P, 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 of “A+” from S&P.

    

    “S&P
      Required Ratings Downgrade Event” means that no Relevant Entity
      has credit ratings from S&P at least equal to the S&P Required Ratings
      Threshold.

    

    “S&P
      Required Ratings Threshold” means, with respect to Party A, the
      guarantor under an Eligible Guarantee, or an Eligible Replacement, (I) if such
      entity is a Financial Institution, a short-term unsecured and unsubordinated
      debt rating of “A-2” from S&P, 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 of “BBB+” from S&P, or
      (II) if such entity is not a Financial Institution, a short-term unsecured
      and
      unsubordinated debt rating of “A-1” from S&P, 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 of
      “A+” from S&P.

    

    

     

    [Remainder
      of this page intentionally left blank.]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    4.           Account
      Details and Settlement Information:

     

    
      	
              Payments
                to Party A:

            	
              The
                Bank of New York

            
	 	
              Derivative
                Products Support Department

            
	 	
              32
                Old Slip, 16th
                Floor

            
	 	
              New
                York, New York 10286

            
	 	
              Attention:
                Renee Etheart

            
	 	
              ABA
                #021000018

            
	 	
              Account
                #890-0068-175

            
	 	
              Reference:
                Interest Rate Cap

            
	 	 
	
              Payments
                to Party B:

            	
              Wells
                Fargo Bank, N.A.

            
	 	
              ABA
                No. 121 000 248

            
	 	
              Account
                Name: SAS Clearing

            
	 	
              Account
                No.: 3970771416

            
	 	
              FFC
                to: Cap Account 53162102

            

    

     

    

    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.

    

    

    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,

    

    The
      Bank
      of New York

    

    

    

    
      	
              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.

    

    1.  Wells
      Fargo Bank, N.A., not in its individual capacity, but solely as Cap Trustee
      on
      behalf of the Cap Trust with respect to the Soundview Mortgage Loan Trust
      2007-OPT2, Asset-Backed Certificates, Series 2007-2

    

    
      

      
        	
                By:

              	 
	
                Name:

              	 
	
                Title:

              	 

      

      
 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    

    SCHEDULE
      I

    

    (subject
      to adjustment in accordance with the Following Business Day
      Convention)

    

     

      

      
        	
                From
                  and including:

              	
                To
                  but excluding:

              	
                Notional
                  Amount (USD):

              
	
                02/25/09

              	
                03/25/09

              	
                745.95580

              
	
                03/25/09

              	
                04/25/09

              	
                6,864.83076

              
	
                04/25/09

              	
                05/25/09

              	
                16,304.96056

              
	
                05/25/09

              	
                06/25/09

              	
                136,780.75784

              
	
                06/25/09

              	
                07/25/09

              	
                324,200.82796

              
	
                07/25/09

              	
                08/25/09

              	
                289,061.11740

              
	
                08/25/09

              	
                09/25/09

              	
                258,196.60900

              
	
                09/25/09

              	
                10/25/09

              	
                236,050.92648

              
	
                10/25/09

              	
                11/25/09

              	
                224,941.95628

              
	
                11/25/09

              	
                12/25/09

              	
                214,355.62148

              
	
                12/25/09

              	
                01/25/10

              	
                204,270.72928

              
	
                01/25/10

              	
                02/25/10

              	
                194,771.17956

              
	
                02/25/10

              	
                03/25/10

              	
                185,611.87564

              
	
                03/25/10

              	
                04/25/10

              	
                177,289.78552

              
	
                04/25/10

              	
                05/25/10

              	
                169,476.59884

              
	
                05/25/10

              	
                06/25/10

              	
                163,883.39668

              
	
                06/25/10

              	
                07/25/10

              	
                160,429.76440

              
	
                07/25/10

              	
                08/25/10

              	
                152,884.29284

              
	
                08/25/10

              	
                09/25/10

              	
                145,693.38256

              
	
                09/25/10

              	
                10/25/10

              	
                138,840.38312

              
	
                10/25/10

              	
                11/25/10

              	
                132,309.44752

              
	
                11/25/10

              	
                12/25/10

              	
                126,085.43384

              
	
                12/25/10

              	
                01/25/11

              	
                120,153.99776

              
	
                01/25/11

              	
                02/25/11

              	
                114,501.53984

              
	
                02/25/11

              	
                03/25/11

              	
                109,114.73560

              
	
                03/25/11

              	
                04/25/11

              	
                103,981.10952

              
	
                04/25/11

              	
                05/25/11

              	
                99,088.77784

              
	
                05/25/11

              	
                06/25/11

              	
                94,426.40176

              
	
                06/25/11

              	
                07/25/11

              	
                89,983.18804

              
	
                07/25/11

              	
                08/25/11

              	
                85,748.86400

              
	
                08/25/11

              	
                09/25/11

              	
                81,713.58932

              
	
                09/25/11

              	
                10/25/11

              	
                77,868.01460

              
	
                10/25/11

              	
                11/25/11

              	
                74,203.22940

              
	
                11/25/11

              	
                12/25/11

              	
                70,710.74140

              
	
                12/25/11

              	
                01/25/12

              	
                67,382.45704

              
	
                01/25/12

              	
                02/25/12

              	
                64,210.66376

              
	
                02/25/12

              	
                03/25/12

              	
                61,188.00880

              
	
                03/25/12

              	
                04/25/12

              	
                58,307.48576

              
	
                04/25/12

              	
                05/25/12

              	
                55,562.41712

              
	
                05/25/12

              	
                06/25/12

              	
                53,964.99716

              
	
                06/25/12

              	
                07/25/12

              	
                54,368.42456

              

      

    

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    Annex
      A

    

    Paragraph
      13 of the Credit Support Annex

    

    

    ISDA®

    CREDIT
      SUPPORT ANNEX

    to
      the
      Schedule to the

    ISDA
      Master Agreement

    dated
      as
      of July 10, 2007 between

    The
      Bank
      of New York

    (hereinafter
      referred to as “Party A” or
“Pledgor”)

    and

    Wells
      Fargo Bank, N.A., not in its individual capacity, but solely as Cap Trustee
      on
      behalf of the Cap Trust with respect to the Soundview Mortgage Loan Trust
      2007-OPT2, Asset-Backed Certificates, Series 2007-2 (hereinafter referred to
      as
“Party B” or “Secured
      Party”).

     

    For
      the
      avoidance of doubt, and notwithstanding anything to the contrary that may be
      contained in the Agreement, this Credit Support Annex shall relate solely to
      the
      Transaction documented in the Confirmation dated June 14, 2007, between Party
      A
      and Party B, Reference Number 39477.

    

     

    Paragraph
      13.  Elections and Variables.

     

    
      	
              (a)  

            	
              Security
                Interest for “Obligations”.  The term
                “Obligations” as used in this
                Annex includes the following additional
                obligations:

            

    

     

    With
      respect to Party A: not applicable.

     

    With
      respect to Party B: not applicable.

     

    
      	
              (b)  

            	
              Credit
                Support Obligations.

            

    

     

    
      	
              (i)        
                  

            	
              Delivery
                Amount, Return Amount and Credit Support
                Amount.

            

    

     

    
      	
              (A)         
                

            	
              “Delivery
                Amount” has the meaning specified in
                Paragraph 3(a), except that:

            

    

     

    
      	
               

            	
              (I)

            	
              the
                words “upon a demand made by the Secured Party on or promptly following
                a
                Valuation Date” shall be deleted and replaced with the words “not later
                than the close of business on each Valuation
                Date”,

            

    

     

    
      	
               

            	
              (II)

            	
              the
                sentence beginning “Unless otherwise specified in Paragraph 13” and ending
                “(ii) the Value as of that Valuation Date of all Posted Credit Support
                held by the Secured Party.” shall be deleted in its entirety and replaced
                with the following:

            

    

     

    “The
      “Delivery Amount” applicable to the Pledgor for any
      Valuation Date will equal the greatest of

     

    
      	
               

            	
              (1)

            	
              the
                amount by which (a) the S&P Credit Support Amount for such Valuation
                Date exceeds (b) the S&P Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured Party,
                and

            

    

     

    
      	
               

            	
              (2)

            	
              the
                amount by which (a) the Moody’s Credit Support Amount for such Valuation
                Date exceeds (b) the Moody’s Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured
                Party.

            

    

     

    
      	
               

            	
              (III)

            	
              if,
                on any Valuation Date, the Delivery Amount equals or exceeds the
                Pledgor’s
                Minimum Transfer Amount, the Pledgor will Transfer to the Secured
                Party
                sufficient Eligible Credit Support to ensure that, immediately following
                such transfer, the Delivery Amount shall be
                zero.

            

    

     

    
      	
              (B)         
                

            	
              “Return
                Amount” has the meaning specified in Paragraph 3(b), except
                that:

            

    

     

    
      	
               

            	
              (I)

            	
              the
                sentence beginning “Unless otherwise specified in Paragraph 13” and ending
                “(ii) the Credit Support Amount.” shall be deleted in its entirety and
                replaced with the following:

            

    

     

    “The
      “Return Amount” applicable to the Secured Party for
      any Valuation Date will equal the least of

     

    
      	
               

            	
              (1)

            	
              the
                amount by which (a) the S&P Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured Party exceeds (b) the S&P
                Credit Support Amount for such Valuation Date,
                and

            

    

     

    
      	
               

            	
              (2)

            	
              the
                amount by which (a) the Moody’s Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured Party exceeds (b) the Moody’s
                Credit Support Amount for such Valuation
                Date.

            

    

     

    
      	
               

            	
               (II)

            	
              in
                no event shall the Secured Party be required to Transfer any Posted
                Credit
                Support under Paragraph 3(b) if, immediately following such transfer,
                the
                Delivery Amount would be greater than
                zero.

            

    

     

    
      	
              (C)    
                      

            	
              “Credit
                Support Amount” shall not apply.  For purposes of
                calculating any Delivery Amount or Return Amount for any Valuation
                Date,
                reference shall be made to the S&P Credit Support Amount, the Moody’s
                Credit Support Amount, in each case  for such Valuation Date, as
                provided in Paragraphs 13(b)(i)(A) and 13(b)(i)(B),
                above.

            

    

     

    
      	
              (ii)          
                 

            	
              Eligible
                Collateral.

            

    

     

    On
      any
      date, the items set forth in Table 1 will qualify as “Eligible
      Collateral” (for the avoidance of doubt, all Eligible Collateral
      to be denominated in USD).

     

    
      	
              (iii)           

            	
              Other
                Eligible Support.

            

    

     

    The
      following items will qualify as “Other Eligible
      Support” for the party specified:

     

    Not
      applicable.

     

    
      	
              (iv)          
                

            	
              Threshold.

            

    

     

    
      	
              (A)         
                

            	
              “Independent
                Amount” means zero with respect to Party A and Party
                B.

            

    

     

    
      	
              (B)         
                

            	
              “Moody’s
                Threshold” means, with respect to Party A and any Valuation
                Date, if a Moody’s First Trigger Downgrade Event has occurred and is
                continuing and such Moody’s First Trigger Downgrade Event has been
                continuing (i) for at least 30 Local Business Days or (ii) since
                this
                Annex was executed, zero; otherwise,
                infinity.

            

    

     

    “S&P
      Threshold” means, with respect to Party A and any Valuation Date,
      if  an S&P Approved Ratings Downgrade Event has occurred and is
      continuing and such S&P Approved Ratings Downgrade Event has been continuing
      (i) for at least 10 Local Business Days or (ii) since this Annex was executed,
      zero; otherwise, infinity.

     

    
      	 	
              “Threshold”
                means, with respect to Party B and any Valuation Date,
                infinity.

            

    

     

    
      	
              (C)         

            	
              “Minimum
                Transfer Amount” means USD 100,000 with respect to Party A
                and Party B; provided, however, that if the aggregate Certificate
                Principal Balance of any Certificates and the aggregate principal
                balance
                of any Notes rated by S&P is at the time of any transfer less than USD
                50,000,000, the “Minimum Transfer Amount” shall
                be USD 50,000.

            

    

     

    
      	
              (D)         

            	
              Rounding:
                The Delivery Amount will be rounded up to the nearest integral multiple
                of
                USD 10,000. The Return Amount will be rounded down to the nearest
                integral
                multiple of USD 10,000.

            

    

     

    
      	
              (c)  

            	
              Valuation
                and Timing.

            

    

     

    
      	
              (i)          
                 

            	
              “Valuation
                Agent” means Party A; provided, however, that if an Event
                of
                Default shall have occurred with respect to which Party A is the
                Defaulting Party, Party B shall have the right to designate as Valuation
                Agent an independent party, reasonably acceptable to Party A, the
                cost for
                which shall be borne by Party A.  All calculations by the
                Valuation Agent must be made in accordance with standard market practice,
                including, in the event of a dispute as to the Value of any Eligible
                Credit Support or Posted Credit Support, by making reference to quotations
                received by the Valuation Agent from one or more Pricing
                Sources.

            

    

     

    
      	
              (ii)         
                 

            	
              “Valuation
                Date” means each Local Business Day on which any of the
                S&P Threshold or the Moody’s
                Threshold.

            

    

     

    
      	
              (iii)       
                  

            	
              “Valuation
                Time” means the close of business in the city of the
                Valuation Agent on the Local Business Day immediately preceding the
                Valuation Date or date of calculation, as applicable; provided
                that the calculations of Value and Exposure will be made as of
                approximately the same time on the same date.  The Valuation
                Agent will notify each party (or the other party, if the Valuation
                Agent
                is a party) of its calculations not later than the Notification Time
                on
                the applicable Valuation Date (or in the case of Paragraph 6(d),
                the Local
                Business Day following the day on which such relevant calculations
                are
                performed).

            

    

     

    
      	
              (iv)       
                  

            	
              “Notification
                Time” means 11:00 a.m., New York time, on a Local Business
                Day.

            

    

     

    
      	
              (d)  

            	
              Conditions
                Precedent and Secured Party’s Rights and
                Remedies.  The following Termination Events will
                be a “Specified Condition” for the party
                specified (that party being the Affected Party if the Termination
                Event
                occurs with respect to that party):  With respect to Party A:
                any Additional Termination Event with respect to which Party A is
                the sole
                Affected Party.  With respect to Party B:
                None.

            

    

     

    
      	
              (e) 

            	
              Substitution.

            

    

     

    
      	
              (i)          
                 

            	
              “Substitution
                Date” has the meaning specified in Paragraph
                4(d)(ii).

            

    

     

    
      	
              (ii)        
                  

            	
              Consent.  If
                specified here as applicable, then the Pledgor must obtain the Secured
                Party’s consent for any substitution pursuant to Paragraph
                4(d):  Inapplicable.

            

    

     

    
      	
              (f)  

            	
              Dispute
                Resolution.

            

    

     

    
      	
              (i)         
                  

            	
              “Resolution
                Time” means 1:00 p.m. New York time on the Local Business
                Day following the date on which the notice of the dispute is given
                under
                Paragraph 5.

            

    

     

    
      	
              (ii)        
                  

            	
              Value.  Notwithstanding
                anything to the contrary in Paragraph 12, for the purpose of Paragraphs
                5(i)(C) and 5(ii), the S&P Value and Moody’s Value, , on any date, of
                Eligible Collateral will be calculated as
                follows:

            

    

     

    For
      Eligible Collateral other than Cash set forth in Table 1: the sum of (A) the
      product of (1)(x) the bid price at the Valuation Time for such securities on
      the
      principal national securities exchange on which such securities are listed,
      or
      (y) if such securities are not listed on a national securities exchange, the
      bid
      price for such securities quoted at the Valuation Time by any principal market
      maker for such securities selected by the Valuation Agent, or (z) if no such
      bid
      price is listed or quoted for such date, the bid price listed or quoted (as
      the
      case may be) at the Valuation Time for the day next preceding such date on
      which
      such prices were available and (2) the applicable Valuation Percentage for
      such
      Eligible Collateral, and (B) the accrued interest on such securities (except
      to
      the extent Transferred to the Pledgor pursuant to Paragraph 6(d)(ii) or included
      in the applicable price referred to in the immediately preceding clause (A))
      as
      of such date.

     

    For
      Cash,
      the amount thereof multiplied, in the case of the S&P Value, by the
      applicable S&P Valuation Percentage.

     

    
      	
              (iii)  

            	
              Alternative.  The
                provisions of Paragraph 5 will
                apply.

            

    

     

    
      	
              (g)  

            	
              Holding
                and Using Posted
                Collateral.

            

    

     

    
      	
              (i)         
                 

            	
              Eligibility
                to Hold Posted Collateral; Custodians. Party B (or any
                Custodian) will be entitled to hold Posted Collateral pursuant to
                Paragraph 6(b).

            

    

     

    Party
      B
      may appoint as Custodian (A) the entity then serving as the Cap Trustee or
      (B)
      any entity other than the entity then serving as the Cap Trustee if such other
      entity (or, to the extent applicable, its parent company or credit support
      provider) shall then have credit ratings from S&P at least equal to the
      Custodian Required Rating Threshold.  If at any time the Custodian
      does not have credit ratings from S&P at least equal to the Custodian
      Required Rating Threshold, the Cap Trustee must within 60 days obtain a
      replacement Custodian with credit ratings from S&P at least equal to the
      Custodian Required Rating Threshold.

     

    Initially,
      the Custodian for Party B is: The Cap Trustee.

     

    
      	
              (ii)          
                 

            	
              Use
                of Posted Collateral. The
                provisions of
                Paragraph 6(c) will not apply to Party B or its Custodian; provided,
                however, that if Party A delivers Posted Collateral in book-entry
                form,
                then Paragraph 6(c)(ii) will apply to Party B and its Custodian,
                and Party
                B and its Custodian shall have the rights specified in Paragraph
                6(c)(ii).

            

    

     

    
      	
              (h)  

            	
              Distributions
                and Interest Amount.

            

    

     

    
      	
              (i)        
                  

            	
              Interest
                Rate.  The “Interest
                Rate” will be the actual interest rate earned on Posted
                Collateral in the form of Cash that is held by Party B or its
                Custodian.  Posted Collateral in the form of Cash shall be
                invested in such overnight (or redeemable within two Local Business
                Days
                of demand) Permitted Investments rated at least (x) AAAm or AAAm-G
                by
                S&P and (y) Prime-1 by Moody’s or Aaa by Moody’s as directed by Party
                A (unless (x) an Event of Default or an Additional Termination Event
                has
                occurred with respect to which Party A is the defaulting or sole
                Affected
                Party or (y) an Early Termination Date has been designated, in which
                case
                such Posted Collateral shall be held uninvested).  Gains and
                losses incurred in respect of any investment of Posted Collateral
                in the
                form of Cash in Permitted Investments as directed by Party A shall
                be for
                the account of Party A.

            

    

     

    
      	
              (ii)        
                 

            	
              Transfer
                of Interest Amount. The Transfer of the Interest Amount will
                be made on the second Local Business Day following the end of each
                calendar month and on any other Local Business Day on which Posted
                Collateral in the form of Cash is Transferred to the Pledgor pursuant
                to
                Paragraph 3(b); provided, however, that the obligation of Party B
                to
                Transfer any Interest Amount to Party A shall be limited to the extent
                that Party B has earned and received such funds and such funds are
                available to Party B.  The last sentence of Paragraph 6(d)(ii)
                is hereby amended by adding the words “actually received by Party B but”
                after the words “Interest Amount or portion
                thereof”.

            

    

     

    
      	
              (iii)          

            	
              Alternative
                to Interest Amount. The provisions of Paragraph 6(d)(ii) (as
                amended herein) will apply.

            

    

     

    (iv)           Distributions.  Paragraph
      6(d)(i) shall be deleted in its entirety and replaced with the
      following:

     

    “Distributions.  Subject
      to Paragraph 4(a), if Party B receives Distributions on a Local Business Day,
      it
      will Transfer to Party A not later than the following Local Business Day any
      Distributions it receives to the extent that a Delivery Amount would not be
      created or increased by that Transfer, as calculated by the Valuation Agent
      (and
      the date of calculation will be deemed to be a Valuation Date for this
      purpose).”

     

    
      	
              (i)  

            	
              Additional
                Representation(s).  There are no additional
                representations by either party.

            

    

     

    
      	
              (j)  

            	
              Other
                Eligible Support and Other Posted
                Support.

            

    

     

    
      	
              (i)          
                 

            	
              “Value”
                with respect to Other Eligible Support and Other Posted Support means:
                not
                applicable.

            

    

     

    
      	
              (ii)        
                  

            	
              “Transfer”
                with respect to Other Eligible Support and Other Posted Support means:
                not
                applicable.

            

    

     

    
      	
              (k)  

            	
              Demands
                and Notices.All demands, specifications and notices under
                this Annex will be made pursuant to the Notices Section of this Agreement,
                except that any demand, specification or notice shall be given to
                or made
                at the following addresses, or at such other address as the relevant
                party
                may from time to time designate by giving notice (in accordance with
                the
                terms of this paragraph) to the other
                party:

            

    

     

    If
      to
      Party A:

     

    The
      Bank
      of New York

    Collateral
      Management

    32
      Old
      Slip, 16th Floor

    New
      York,
      New York 10286

    Phone:  (212)
      804-5158

    Fax:    (212)
      804-5818

     

    If
      to
      Party B, at the address specified pursuant to the Notices Section of this
      Agreement.

     

    If
      to
      Party B’s Custodian:

    

    Wells
      Fargo Bank, N.A.

    9062
      Old
      Annapolis Road

    Columbia,
      MD 21045

    Attn:
      Client Manger, Soundview 2007-OPT2

    Phone:
      410-884-2000

    Facsimile:
      410-715-2380

    

    
      	
              (l)  

            	
              Address
                for Transfers.  Each Transfer hereunder shall be
                made to the address specified below or to an address specified in
                writing
                from time to time by the party to which such Transfer will be
                made.

            

    

     

    Party
      A
      account details for holding collateral:  To be notified to Party B to
      Party A at the time of the request for the transfer.

     

    Party
      B’s
      Custodian account details for holding collateral:

    

    Wells
      Fargo Bank, N.A.

    ABA
      No.
      121 000 248

    Account
      Name: SAS Clearing

    Account
      No.: 3970771416

    FFC
      to:
      ________________

    

    
      	
              (m)  

            	
              Other
                Provisions.

            

    

     

    
      	
              (i)      
                     

            	
              Collateral
                Account.  Party B shall open and maintain a
                segregated account, and hold, record and identify all Posted Collateral
                in
                such segregated account.

            

    

     

    
      	
              (ii)      
                    

            	
              Agreement
                as to Single Secured Party and Single Pledgor. Party A and
                Party B hereby agree that, notwithstanding anything to the contrary
                in
                this Annex, (a) the term “Secured Party” as used in this Annex means only
                Party B, (b) the term “Pledgor” as used in this Annex means only Party A,
                (c) only Party A makes the pledge and grant in Paragraph 2, the
                acknowledgement in the final sentence of Paragraph 8(a) and the
                representations in Paragraph 9.

            

    

     

    
      	
              (iii)       
                  

            	
              Calculation
                of Value.  Paragraph 4(c) is hereby amended by
                deleting the word “Value” and inserting in lieu thereof “S&P Value
                Moody’s Value”.  Paragraph 4(d)(ii) is hereby amended by (A)
                deleting the words “a Value” and inserting in lieu thereof “an S&P
                Value, and a Moody’s Value,” and (B) deleting the words “the Value” and
                inserting in lieu thereof “S&P Value and Moody’s
                Value”.  Paragraph 5 (flush language) is hereby amended by
                deleting the word “Value” and inserting in lieu thereof “S&P Value, or
                Moody’s Value”.  Paragraph 5(i) (flush language) is hereby
                amended by deleting the word “Value” and inserting in lieu thereof
                “S&P Value, and Moody’s Value”.  Paragraph 5(i)(C) is hereby
                amended by deleting the word “the Value, if” and inserting in lieu thereof
                “any one or more of the S&P Value, or Moody’s Value, as may
                be”.  Paragraph 5(ii) is hereby amended by (1) deleting the
                first instance of the words “the Value” and inserting in lieu thereof “any
                one or more of the S&P Value, or Moody’s Value” and (2) deleting the
                second instance of the words “the Value” and inserting in lieu thereof
                “such disputed S&P Value, or Moody’s Value”.  Each of
                Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended by deleting
                the word “Value” and inserting in lieu thereof “least of the S&P
                Value, and Moody’s Value”.

            

    

     

    
      	
              (iv)    
                     

            	
              Form
                of Annex. Party A and Party B hereby
                agree that the text of Paragraphs 1 through 12, inclusive, of this
                Annex
                is intended to be the printed form of ISDA Credit Support Annex (Bilateral
                Form - ISDA Agreements Subject to New York Law Only version) as published
                and copyrighted in 1994 by the International Swaps and Derivatives
                Association, Inc.

            

    

     

    
      	
              (v)      
                    

            	
              Events
                of Default.  Paragraph 7 will not apply to cause
                any Event of Default to exist with respect to Party B except that
                Paragraph 7(i) will apply to Party B solely in respect of Party B’s
                obligations under Paragraph 3(b) of the Credit Support
                Annex.  Notwithstanding anything to the contrary in Paragraph 7,
                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
                only be an Event of Default if a Moody’s Second Trigger Downgrade Event
                has occurred and is continuing and at least 30 Local Business Days
                have
                elapsed since such Moody’s Second Trigger Downgrade Event first
                occurred.

            

    

     

    
      	
              (vi)       
                  

            	
              Expenses.  Notwithstanding
                anything to the contrary in Paragraph 10, the Pledgor will be responsible
                for, and will reimburse the
                Secured Party for, all
                transfer and other taxes and other costs involved in maintenance
                and any Transfer
                of Eligible
                Collateral.

            

    

     

    
      	
              (vii)       
                 

            	
              Withholding.  Paragraph
                6(d)(ii) is
                hereby amended by inserting immediately after “the Interest
                Amount” in the fourth
                line thereof  the
                words “less any
                applicable withholding
                taxes.”

            

    

     

    (viii)        Additional
      Definitions.  As used in this Annex:

     

    “Custodian
      Required Rating
      Threshold”
      means, with respect to an entity, 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+”.

     

    “DV01”
      means, with respect to a Transaction
      and any date of
      determination, the estimated change in the Secured Party’s
      Transaction Exposure with respect to
      such Transaction that would result from a one basis point change in the relevant
      swap curve on such date, as determined by the Valuation Agent in good
      faith
      and in a commercially reasonable
      manner in accordance with the relevant methodology customarily used by the
      Valuation Agent.  The Valuation Agent shall, upon request of Party B,
      provide to Party B a statement showing in reasonable detail such
      calculation.

     

    “Exposure” has
      the meaning specified in Paragraph
      12, except that (1) after the word “Agreement”
      the words “(assuming, for this purpose
      only, that
      Part 1(f)(i)(A)-(E) of the Schedule is deleted)” shall be inserted and
      (2) at the end of
      the definition of Exposure,
      the words “with terms that
      are, in all material respects, no less beneficial for Party B than those of
      this
      Agreement” shall be
      added.

     

     “Local
      Business Day” means, for purposes of this Annex: any day on which
      (A) commercial banks are open for business (including dealings in foreign
      exchange and foreign currency deposits) in New York and the location of Party
      A,
      Party B and any Custodian, and (B) in relation to a Transfer of Eligible
      Collateral, any day on which the clearance system agreed between the parties
      for
      the delivery of Eligible Collateral is open for acceptance and execution of
      settlement instructions (or in the case of a Transfer of Cash or other Eligible
      Collateral for which delivery is contemplated by other means a day on which
      commercial banks are open for business (including dealings in foreign exchange
      and foreign deposits) in New York and the location of Party A, Party B and
      any
      Custodian.

     

    “Moody’s
      Credit Support Amount” means, for any Valuation Date:

     

    
      	
               

            	
              (A)

            	
              if
                the Moody’s Threshold for such Valuation Date is zero and (i) it is not
                the case that a Moody’s Second Trigger Downgrade Event has occurred and is
                continuing or (ii) a Moody’s Second Trigger Downgrade Event has occurred
                and is continuing and less than 30 Local Business Days have elapsed
                since
                such Moody’s Second Trigger Downgrade Event first occurred, an amount
                equal to the greater of (x) zero and (y) the sum of the Secured Party’s
                Exposure and the aggregate of Moody’s First Trigger Additional Amounts for
                all Transactions and such Valuation
                Date;

            

    

     

    
      	
               

            	
              (B)

            	
              if
                the Moody’s Threshold for such Valuation Date is zero and a Moody’s Second
                Trigger Downgrade Event has occurred and is continuing and at least
                30
                Local Business Days have elapsed since such Moody’s Second Trigger
                Downgrade Event first occurred, an amount equal to the greatest of
                (x)
                    zero, (y) the aggregate amount of the Next Payments for all Next
                Payment
                Dates, and (z) the sum of the Secured Party’s Exposure and the aggregate
                of Moody’s Second Trigger Additional Amounts for all Transactions and such
                Valuation Date; or

            

    

     

    (C)           if
      the Moody’s Threshold for such Valuation Date is infinity, zero.

     

    “Moody’s
      First Trigger Additional Amount” means, for any Valuation Date and
      any Transaction, the least of (x) the product of the Moody’s First Trigger DV01
      Multiplier and DV01 for such Transaction and such Valuation Date, (y) the
      product of (i) Moody’s First Trigger Notional Amount Multiplier, (ii) the Scale
      Factor, if any, for such Transaction, or, if no Scale Factor is applicable
      for
      such Transaction, one, and (iii) the Notional Amount for such Transaction for
      the Calculation Period for such Transaction (each as defined in the related
      Confirmation) which includes such Valuation Date, and (z) the product of (i)
      the
      applicable Moody’s First Trigger Factor set forth in Table 2A, (ii) the Scale
      Factor, if any, for such Transaction, or, if no Scale Factor is applicable
      for
      such Transaction, one, and (iii) the Notional Amount for such Transaction for
      the Calculation Period for such Transaction (each as defined in the related
      Confirmation) which includes such Valuation Date.

     

    “Moody’s
      First Trigger Downgrade 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 DV01 Multiplier” means 15.

     

    “Moody’s
      First Trigger Notional Amount Multiplier” means 2%.

     

    “Moody’s
      First Trigger Value” means, on any date and with respect to any
      Eligible Collateral other than Cash, the bid price obtained by the Valuation
      Agent multiplied by the Moody’s First Trigger Valuation Percentage for such
      Eligible Collateral set forth in Table 1A, Column A.

     

    “Moody’s
      Second Trigger Additional Amount” means, for any Valuation Date
      and any Transaction,

     

    
      	
               

            	
              (A)

            	
              if
                such Transaction is not a Transaction-Specific Hedge, the least of
                (i) the
                product of the Moody’s Second Trigger DV01 Multiplier and DV01 for such
                Transaction and such Valuation Date, (ii) the product of (1) the
                Moody’s
                Second Trigger Notional Amount Multiplier, (2) the Scale Factor,
                if any,
                for such Transaction, or, if no Scale Factor is applicable for such
                Transaction, one, and (3) the Notional Amount for such Transaction
                for the
                Calculation Period of such Transaction (each as defined in the related
                Confirmation) which includes such Valuation Date, and (iii) the product
                of
                (1) the applicable Moody’s Second Trigger Factor set forth in Table 2C,
                (2) the Scale Factor, if any, for such Transaction, or, if no Scale
                Factor
                is applicable for such Transaction, one, and (3) the Notional Amount
                for
                such Transaction for the Calculation Period for such Transaction
                (each as
                defined in the related Confirmation) which includes such Valuation
                Date;
                or

            

    

     

    
      	
               

            	
              (B)

            	
              if
                such Transaction is a Transaction-Specific Hedge, the least of (i)
                the
                product of the Moody’s Second Trigger Transaction-Specific Hedge DV01
                Multiplier and DV01 for such Transaction and such Valuation Date,
                (ii) the
                product of (1) the Moody’s Second Trigger Transaction-Specific Hedge
                Notional Amount Multiplier, (2) the Scale Factor, if any, for such
                Transaction, or, if no Scale Factor is applicable for such Transaction,
                one, and (3) the Notional Amount for such Transaction for the Calculation
                Period for such Transaction (each as defined in the related Confirmation)
                which includes such Valuation Date, and (iii) the product of (1)
                the
                applicable Moody’s Second Trigger Factor set forth in Table 2B, (2) the
                Scale Factor, if any, for such Transaction, or, if no Scale Factor
                is
                applicable for such Transaction, one, and (3) the Notional Amount
                for such
                Transaction for the Calculation Period for such Transaction (each
                as
                defined in the related Confirmation) which includes such Valuation
                Date.

            

    

     

    “Moody’s
      Second Trigger DV01 Multiplier” means 50.

     

    “Moody’s
      Second Trigger Notional Amount Multiplier” means 8%.

     

    “Moody’s
      Second Trigger Transaction-Specific Hedge DV01 Multiplier” means
      65.

     

    “Moody’s
      Second Trigger Transaction-Specific Hedge Notional Amount
      Multiplier” means 10%.

     

    “Moody’s
      Valuation Percentage” means, with respect to a Valuation Date and
      each item of Eligible Collateral,

     

    
      	
               

            	
              (A)

            	
              if
                the Moody’s Threshold for such Valuation Date is zero and (i) it is not
                the case that a Moody’s Second Trigger Downgrade Event has occurred and is
                continuing or (ii) a Moody’s Second Trigger Downgrade Event has occurred
                and is continuing and less than 30 Local Business Days have elapsed
                since
                such Moody’s Second Trigger Downgrade Event first occurred, the
                corresponding percentage for such Eligible Collateral in Table 1A,
                Column
                A, or

            

    

     

    
      	
               

            	
              (B)

            	
              if
                a Moody’s Second Trigger Downgrade Event has occurred and is continuing
                and at least 30 Local Business Days have elapsed since such Moody’s Second
                Trigger Downgrade Event first occurred, the corresponding percentage
                for
                such Eligible Collateral in Table 1A, Column
                B.

            

    

     

    “Moody’s
      Value” means, on any date and with respect to any Eligible
      Collateral the product of (x) the bid price obtained by the Valuation Agent
      and
      (y) the applicable Moody’s Valuation Percentage
      set forth in Table 1A.

     

    “Next
      Payment” means, in respect of each Next Payment Date, the greater
      of (i) the aggregate amount of any payments due to be made by Party A under
      Section 2(a) on such Next Payment Date less the aggregate amount of any payments
      due to be made by Party B under Section 2(a) on such Next Payment Date (any
      such
      payments determined based on rates prevailing the date of determination) and
      (ii) zero.

     

    “Next
      Payment Date” means each date on which the next scheduled payment
      under any Transaction is due to be paid.

     

    “Pricing
      Sources” means the sources of financial information commonly known
      as Bloomberg, Bridge Information Services, Data Resources Inc., Interactive
      Data
      Services, International Securities Market Association, Merrill Lynch Securities
      Pricing Service, Muller Data Corporation, Reuters, Wood Gundy, Trepp Pricing,
      JJ
      Kenny, S&P and Telerate.

     

    “Remaining
      Weighted Average Maturity” means, with respect to a
      Transaction, the expected weighted average maturity for such Transaction as
      determined by the Valuation Agent.

     

    “S&P
      Approved Ratings Downgrade Event” means that no Relevant Entity
      has credit ratings from S&P at least equal to the S&P Approved Ratings
      Threshold.

     

    “S&P
      Credit Support Amount” means, for any Valuation Date:

     

    
      	
               

            	
              (A)

            	
              if
                the S&P Threshold for such Valuation Date is zero and it is not the
                case that an S&P Required Ratings Downgrade Event has occurred and
                been continuing for at least 10 Local Business Days, an amount equal
                to
                the Secured Party’s Exposure;

            

    

     

    
      	
               

            	
              (B)

            	
              if
                the S&P Threshold for such Valuation Date is zero and it is the case
                that an S&P Required Ratings Downgrade Event has occurred and been
                continuing for at least 10 Local Business Days, an amount equal to
                125% of
                the Secured Party’s Exposure; or

            

    

     

    (C)           if
      the S&P Threshold for such Valuation Date is infinity, zero.

     

    “S&P
      Valuation Percentage” means, with respect to a Valuation Date and
      each item of Eligible Collateral,

     

    
      	
               

            	
              (A)

            	
              if
                the S&P Threshold for such Valuation Date is zero and it is not the
                case that a S&P Required Ratings Downgrade Event has occurred and been
                continuing for at least 10 Local Business Days, the corresponding
                percentage for such Eligible Collateral in Table 1B, Column A,
                or

            

    

     

    
      	
               

            	
              (B)

            	
              if
                an S&P Required Ratings Downgrade Event has occurred and been
                continuing for at least 10 Local Business Days, the corresponding
                percentage for such Eligible Collateral in Table 1B, Column
                B.

            

    

     

    “S&P
      Value” means, on any date and with respect to any Eligible
      Collateral, (A) in the case of Eligible Collateral other than Cash, the product
      of (x) the bid price obtained by the Valuation Agent for such Eligible
      Collateral and (y) the applicable S&P Valuation Percentage for such Eligible
      Collateral set forth in Table 1B and (B) in the case of Cash, the amount
      thereof  multiplied by the applicable S&P Valuation
      Percentage.

     

    “Transaction
      Exposure” means, for any Transaction, Exposure determined as if
      such Transaction were the only Transaction between the Secured Party and the
      Pledgor.

     

    “Transaction-Specific
      Hedge” means any
      Transaction that is (i) an interest rate swap in respect of which (x) the
      notional amount of the interest rate swap is “balance guaranteed” or (y) the
      notional amount of the interest rate swap for any Calculation Period (as defined
      in the related Confirmation) otherwise is not a specific dollar amount that
      is
      fixed at the inception of the Transaction, (ii) an interest rate cap, (iii)
      an
      interest rate floor or (iv) an interest rate swaption.

     

    “Valuation
      Percentage” shall mean, for purposes of determining the S&P
      Value, Moody’s Value, Fitch Value, or DBRS Value with respect to any Eligible
      Collateral or Posted Collateral, the applicable S&P Valuation Percentage or
      Moody’s Valuation Percentage for such Eligible Collateral or Posted Collateral,
      respectively, in each case as set forth in Table 1.

     

    “Value”
      shall mean, in respect of any date, the related S&P Value, and the related
      Moody’s Value.

     

     

    [Remainder
      of this page intentionally left blank]

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties have
      executed this Annex by their duly authorized representatives as of the date
      of
      the Agreement.

     

    
      	
              The
                Bank of New York 

            	 	
              Wells
                Fargo Bank, N.A., not in its individual capacity, but solely as Cap
                Trustee on behalf of the Cap Trust with respect to the Soundview
                Mortgage
                Loan Trust 2007-OPT2, Asset-Backed Certificates, Series
                2007-2

            	 
	 	 	 	 	 	 
	By:	
              /s/

            	 	By:	
            	 
	 	
              Name:

            	 	 	
              Name:

            	 
	 	
              Title:

            	 	 	
              Title:

            	 
	 	
              Date:

            	 	 	
              Date:

            	 

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Table
      1A

    Eligible
      Collateral

    Moody’s

     

     

    Valuation
      Date (and Valuation Percentage column):  Daily

     

    Moody’s
      Valuation Percentage columns:

    *
      Column
      A sets out the percentage applicable when the percentage in Column B is not
      applicable.

    *
      Column
      B sets out the percentage applicable when a Moody’s Second Trigger Downgrade
      Event has occurred and is continuing and at least 30 Local Business Days have
      elapsed since such Moody’s Second Trigger Downgrade Event first
      occurred.

     

    
      	
              Eligible
                Collateral & Valuation Percentages (Moody’s )

            
	 	 	
              Valuation
                Percentage

            	
              Valuation
                Percentage

            
	 	 	
              Moody’s
                (Daily)

            	
              Moody’s
                (Weekly)

            
	
              A

            	
              B

            	
              A

            	
              B

            
	
              (A)

            	
              Cash:  U.S.
                Dollars in depositary account form

            	
              100%

            	
              100

            	
              100%

            	
              100%

            
	
              (B)

            	
              Floating-rate
                U.S. Treasury Securities:  Floating-rate negotiable debt
                obligations issued by the U.S. Treasury Department after July 18,
                1984
                (“Floating-rate Treasuries”) (all maturities).

            	
              100%

            	
              99%

            	
              100%

            	
              99%

            
	
              (C)

            	
              U.S.
                Treasury Securities:  Fixed-rate negotiable debt
                obligations issued by the U.S. Treasury Department after July 18,
                1984
                (“Fixed-rate Treasuries”) having a remaining maturity of up to
                and not more than 1 year.

            	
              100%

            	
              100%

            	
              100%

            	
              100%

            
	
              (D)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 1 year but
                not more
                than 2 years.

            	
              100%

            	
              99%

            	
              100%

            	
              99%

            
	
              (E)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 2 years but
                not
                more than 3 years.

            	
              100%

            	
              98%

            	
              100%

            	
              98%

            
	
              (F)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 3 years but
                not
                more than 5 years.

            	
              100%

            	
              97%

            	
              100%

            	
              97%

            
	
              (G)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 5 years but
                not
                more than 7 years.

            	
              100%

            	
              96%

            	
              100%

            	
              95%

            
	
              (H)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 7 years but
                not
                more than 10 years.

            	
              100%

            	
              94%

            	
              100%

            	
              94%

            
	
              (I)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 10 years but
                not
                more than 20 years.

            	
              100%

            	
              90%

            	
              100%

            	
              89%

            
	
              (J)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 20 years but
                not
                more than 30 years.

            	
              100%

            	
              88%

            	
              100%

            	
              87%

            
	
              (K)

            	
              Floating-rate
                Agency Securities:  Floating-rate negotiable debt
                obligations of the Federal National Mortgage Association (FNMA),
                Federal
                Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Banks (FHLB),
                Federal Farm Credit Banks (FFCB), Tennessee Valley Authority (TVA)
                (collectively, “Floating-rate Agency Securities”) (all
                maturities).

            	
              100%

            	
              98%

            	
              100%

            	
              98%

            
	
              (L)

            	
              Fixed-rate
                Agency Securities: Fixed-rate negotiable debt obligations of the
                Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage
                Corporation (FHLMC), Federal Home Loan Banks (FHLB), Federal Farm
                Credit
                Banks (FFCB), Tennessee Valley Authority (TVA) (collectively,
                “Fixed-rate Agency Securities”) issued after July 18, 1984 and
                having a remaining maturity of not more than 1 year.

            	
              100%

            	
              99%

            	
              100%

            	
              99%

            
	
              (M)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 1 year
                but
                not more than 2 years.

            	
              100%

            	
              99%

            	
              100%

            	
              98%

            
	
              (N)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 2 years
                but
                not more than 3 years.

            	
              100%

            	
              98%

            	
              100%

            	
              97%

            
	
              (O)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 3 years
                but
                not more than 5 years.

            	
              100%

            	
              96%

            	
              100%

            	
              96%

            
	
              (P)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 5 years
                but
                not more than 7 years.

            	
              100%

            	
              93%

            	
              100%

            	
              94%

            
	
              (Q)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 7 years
                but
                not more than 10 years.

            	
              100%

            	
              93%

            	
              100%

            	
              93%

            
	
              (R)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 10
                years but
                not more than 20 years.

            	
              100%

            	
              89%

            	
              100%

            	
              88%

            
	
              (S)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 20
                years but
                not more than 30 years.

            	
              100%

            	
              87%

            	
              100%

            	
              86%

            
	
              (T)

            	
              FHLMC
                Certificates. Mortgage participation certificates issued by FHLMC
                evidencing undivided interests or participations in pools of first
                lien
                conventional or FHA/VA residential mortgages or deeds of trust, guaranteed
                by FHLMC, issued after July 18, 1984 and having a remaining maturity
                of
                not more than 30 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (U)

            	
              FNMA
                Certificates. Mortgage-backed pass-through certificates issued by
                FNMA evidencing undivided interests in pools of first lien mortgages
                or
                deeds of trust on residential properties, guaranteed by FNMA, issued
                after
                July 18, 1984 and having a remaining maturity of not more than 30
                years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (V)

            	
              GNMA
                Certificates. Mortgage-backed pass-through certificates issued by
                private entities, evidencing undivided interests in pools of first
                lien
                mortgages or deeds of trust on single family residences, guaranteed
                by the
                Government National Mortgage Association (GNMA) with the full faith
                and
                credit of the United States, issued after July 18, 1984 and having
                a
                remaining maturity of not more than 30 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (W)

            	
              Commercial
                Mortgage-Backed Securities. Floating rate commercial mortgage-backed
                securities rated AAA by two major rating agencies (including S&P if
                S&P is a Rating Agency hereunder) with a minimum par or face amount
                of
                $250 million (excluding securities issued under Rule 144A)
                (“Commercial Mortgage-Backed Securities”) having a remaining
                maturity of not more than 5 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (X)

            	
              Commercial
                Mortgage-Backed Securities having a remaining maturity of more than
                5
                years and not more than 10 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (Y)

            	
              Commercial
                Mortgage-Backed Securities having a remaining maturity of more than
                10
                years.

            	
               

            	
               

            	
              *

            	
              *

            
	
              (Z)

            	
              Commercial
                Paper. Commercial Paper with a rating of at least P-1 by Moody’s and
                at least A-1+ by S&P and having a remaining maturity of not more than
                30 days.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (AA)

            	
              Other
                Items of Credit Support approved by the Rating Agencies to the extent
                the
                Certificates or any Notes are rated.

            	
              *

            	
              *

            	
              *

            	
              *

            

    

     

    *
      zero or
      such higher percentage in respect of which Moody’s has delivered a ratings
      affirmation.

     

    Table
      1B

    Eligible
      Collateral

    S&P

     

    Valuation
      Date (and Valuation Percentage column):  Daily

    S&P
      Valuation Percentage columns:

    *
      Column
      A sets out the percentage applicable when the percentage in Column B is not
      applicable.

    *
      Column
      B sets out the percentage applicable when an S&P Required Ratings Downgrade
      Event has occurred and is continuing for at least 10 Local Business
      Days.

     

    
      	
              Eligible
                Collateral & Valuation Percentages (S&P)

            
	 	
              Valuation
                Percentage

            	
              Valuation
                Percentage

            
	 	
              S&P
                (Daily)

            	
              S&P
                (Weekly)

            
	
              A

            	
              B

            	
              A

            	
              B

            
	
              (A)

            	
              Cash:  U.S.
                Dollars in depositary account form

            	
              100%

            	
              80%

            	
              100%

            	
              80%

            
	
              (B)

            	
              Floating-rate
                U.S. Treasury Securities:  Floating-rate negotiable debt
                obligations issued by the U.S. Treasury Department after July 18,
                1984
                (“Floating Rate Treasuries”) (all maturities).

            	
              n/a

            	
              n/a

            	
              n/a

            	
              n/a

            
	
              (C)

            	
              Fixed-rate
                U.S. Treasury Securities:  Fixed-rate negotiable debt
                obligations issued by the U.S. Treasury Department after July 18,
                1984
                (“Fixed-rate Treasuries”) having a remaining maturity of up to
                and not more than 1 year.

            	
              98.9%

            	
              79.1%

            	
              98%

            	
              78.4%

            
	
              (D)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 1 year but
                not more
                than 2 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (E)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 2 years but
                not
                more than 3 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (F)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 3 years but
                not
                more than 5 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (G)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 5 years but
                not
                more than 7 years.

            	
              93.7%

            	
              75.0%

            	
              92.6%

            	
              74.1%

            
	
              (H)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 7 years but
                not
                more than 10 years.

            	
              92.6%

            	
              74.1%

            	
              92.6%

            	
              74.1%

            
	
              (I)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 10 years but
                not
                more than 20 years.

            	
              91.1%

            	
              72.9%

            	
              87.9%

            	
              70.3%

            
	
              (J)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 20 years but
                not
                more than 30 years.

            	
              88.6%

            	
              70.9%

            	
              84.6%

            	
              67.7%

            
	
              (K)

            	
              Floating-rate
                Agency Securities:  Floating-rate negotiable debt
                obligations of the Federal National Mortgage Association (FNMA),
                Federal
                Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Banks (FHLB),
                Federal Farm Credit Banks (FFCB), Tennessee Valley Authority (TVA)
                (collectively, “Floating-rate Agency Securities”) (all
                maturities).

            	
              n/a

            	
              n/a

            	
              n/a

            	
              n/a

            
	
              (L)

            	
              Fixed-rate
                Agency Securities: fixed-rate negotiable debt obligations of the
                Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage
                Corporation (FHLMC), Federal Home Loan Banks (FHLB), Federal Farm
                Credit
                Banks (FFCB), Tennessee Valley Authority (TVA) (collectively,
                “Fixed-rate Agency Securities”) issued after July 18, 1984 and
                having a remaining maturity of not more than 1 year.

            	
              98.5%

            	
              78.8%

            	
              98%

            	
              78.4%

            
	
              (M)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 1 year
                but
                not more than 2 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (N)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 2 years
                but
                not more than 3 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (O)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 3 years
                but
                not more than 5 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (P)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 5 years
                but
                not more than 7 years.

            	
              92.6%

            	
              74.1%

            	
              92.6%

            	
              74.1%

            
	
              (Q)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 7 years
                but
                not more than 10 years.

            	
              92.6%

            	
              74.1%

            	
              92.6%

            	
              74.1%

            
	
              (R)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 10
                years but
                not more than 20 years.

            	
              87.7%

            	
              70.2%

            	
              82.6%

            	
              66.1%

            
	
              (S)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 20
                years but
                not more than 30 years.

            	
              84.4%

            	
              67.5%

            	
              77.9%

            	
              62.3%

            
	
              (T)

            	
              FHLMC
                Certificates. Mortgage participation certificates issued by FHLMC
                evidencing undivided interests or participations in pools of first
                lien
                conventional or FHA/VA residential mortgages or deeds of trust, guaranteed
                by FHLMC, issued after July 18, 1984 and having a remaining maturity
                of
                not more than 30 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (U)

            	
              FNMA
                Certificates. Mortgage-backed pass-through certificates issued by
                FNMA evidencing undivided interests in pools of first lien mortgages
                or
                deeds of trust on residential properties, guaranteed by FNMA, issued
                after
                July 18, 1984 and having a remaining maturity of not more than 30
                years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (V)

            	
              GNMA
                Certificates. Mortgage-backed pass-through certificates issued by
                private entities, evidencing undivided interests in pools of first
                lien
                mortgages or deeds of trust on single family residences, guaranteed
                by the
                Government National Mortgage Association (GNMA) with the full faith
                and
                credit of the United States, issued after July 18, 1984 and having
                a
                remaining maturity of not more than 30 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (W)

            	
              Commercial
                Mortgage-Backed Securities. Floating rate commercial mortgage-backed
                securities rated AAA by two major rating agencies (including S&P if
                S&P is a Rating Agency hereunder) with a minimum par or face amount
                of
                $250 million (excluding securities issued under Rule 144A)
                (“Commercial Mortgage-Backed Securities”) having a remaining
                maturity of not more than 5 years.

            	
              *

            	
              *

            	
              95.2%

            	
              76.2%

            
	
              (X)

            	
              Commercial
                Mortgage-Backed Securities having a remaining maturity of more than
                5
                years and not more than 10 years.

            	
              *

            	
              *

            	
              87.0%

            	
              69.6%

            
	
              (Y)

            	
              Commercial
                Mortgage-Backed Securities having a remaining maturity of more than
                10
                years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (Z)

            	
              Commercial
                Paper. Commercial Paper with a rating of at least P-1 by Moody’s and
                at least A-1+ by S&P and having a remaining maturity of not more than
                30 days.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (AA)

            	
              Other
                Items of Credit Support approved by the Rating Agencies to the extent
                the
                Certificates or any Notes are rated.

            	
              *

            	
              *

            	
              *

            	
              *

            

    

     

    *
      to be
      completed with valuation percentages supplied or published by
      S&P.

     

     

    In
      addition to the foregoing, the
      following will constitute Eligible Collateral, at the valuation percentages
      indicated (weekly valuation basis) or to be supplied or as published by S&P
      (daily valuation basis):

     

    
      	
              Other
                Eligible Collateral and Valuation Percentages (S&P)

            
	
              Eligible
                Collateral

              (Cash
                and Securities)

            	
              Valuation
                Percentage

              (Daily)

              A

            	
              Valuation
                Percentage

              (Daily)

              B

            	
              Valuation
                Percentage

              (Weekly)

              A

            	
              Valuation
                Percentage

              (weekly)

              B

            
	
              Cash

            	
              100%

            	
              80%

            	
              100%

            	
              80%

            
	
              Category
                No. 1: U.S. treasuries (current coupon, constant maturity), 'AAA'
                U.S.
                agencies, 'AAA' covered bonds (floating), 'AAA' sovereign bonds
                (floating), 'AAA', 'AA' credit card ABS (floating), 'AAA', 'AA' auto
                ABS
                (floating), and 'AAA' U.S. student loan ABS (floating) having a remaining
                maturity of less than five years

            	
              *

            	
              *

            	
              98%

            	
              78.4%

            
	
              Category
                No. 1: U.S. treasuries (current coupon, constant maturity), 'AAA'
                U.S.
                agencies, 'AAA' covered bonds (floating), 'AAA' sovereign bonds
                (floating), 'AAA', 'AA' credit card ABS (floating), 'AAA', 'AA' auto
                ABS
                (floating), and 'AAA' U.S. student loan ABS (floating) having a remaining
                maturity of greater than or equal to five years and less than or
                equal to
                10 years

            	
              *

            	
              *

            	
              92%

            	
              74.1%

            
	
              Category
                No. 2: 'AAA' covered bonds (fixed), 'AAA' sovereign bonds (fixed),
                'A'
                credit card ABS (floating), 'A' auto ABS (floating), 'AAA' CMBS
                (floating), 'AAA' CDO (floating) 'AA', 'A' U.S. student loan ABS
                (floating), and 'AAA, 'AA' corporate bonds (fixed or floating) having
                a
                remaining maturity of less than five years

            	
              *

            	
              *

            	
              95%

            	
              76%

            
	
              Category
                No. 2: 'AAA' covered bonds (fixed), 'AAA' sovereign bonds (fixed),
                'A'
                credit card ABS (floating), 'A' auto ABS (floating), 'AAA' CMBS
                (floating), 'AAA' CDO (floating), 'AA', 'A' U.S. student loan ABS
                (floating), and 'AAA', 'AA' U.S. and European corporate bonds (fixed
                or
                floating) having a remaining maturity of greater than or equal to
                five
                years and less than or equal to 10 years

            	
              *

            	
              *

            	
              87%

            	
              69.6%

            
	
              Category
                No. 3: 'BBB' credit card ABS (floating), 'BBB' auto ABS (floating),
                AA',
                'A' CDO (floating), 'BBB' U.S. student loan ABS (floating), and 'A'
                corporate bonds (fixed or floating) having a remaining maturity of
                less
                than five years

            	
              *

            	
              *

            	
              80%

            	
              64%

            
	
              Category
                No. 3: 'BBB' credit card ABS (floating), 'BBB' auto ABS (floating),
                'AA',
                'A' CDO (floating), 'BBB' U.S. student loan ABS (floating), and 'A'
                corporate bonds (fixed or floating) having a remaining maturity of
                greater
                than or equal to five years and less than or equal to 10
                years

            	
              *

            	
              *

            	
              71.4%

            	
              57.1%

            

    

     

    *
      To be
      completed with valuation percentages supplied or published by
      S&P.

     

    Table
      2A

    Moody’s
      First Trigger Factor

     

    Valuation
      Date (and Valuation Percentage column):  Daily

    The
      following percentages shall be used in the calculation of the Moody's First
      Trigger Factor.

     

    
      	
              Weighted
                Average Life of

              Transaction
                in Years

            	
              Valuation
                Date (Daily)

            	
              Valuation
                Date (Weekly)

            
	
              1
                or less

            	
              0.15%

            	
              0.25%

            
	
              More
                than 1 but not more than 2

            	
              0.30%

            	
              0.50%

            
	
              More
                than 2 but not more than 3

            	
              0.40%

            	
              0.70%

            
	
              More
                than 3 but not more than 4

            	
              0.60%

            	
              1.00%

            
	
              More
                than 4 but not more than 5

            	
              0.70%

            	
              1.20%

            
	
              More
                than 5 but not more than 6

            	
              0.80%

            	
              1.40%

            
	
              More
                than 6 but not more than 7

            	
              1.00%

            	
              1.60%

            
	
              More
                than 7 but not more than 8

            	
              1.10%

            	
              1.80%

            
	
              More
                than 8 but not more than 9

            	
              1.20%

            	
              2.00%

            
	
              More
                than 9 but not more than 10

            	
              1.30%

            	
              2.20%

            
	
              More
                than 10 but not more than 11

            	
              1.40%

            	
              2.30%

            
	
              More
                than 11 but not more than 12

            	
              1.50%

            	
              2.50%

            
	
              More
                than 12 but not more than 13

            	
              1.60%

            	
              2.70%

            
	
              More
                than 13 but not more than 14

            	
              1.70%

            	
              2.80%

            
	
              More
                than 14 but not more than 15

            	
              1.80%

            	
              3.00%

            
	
              More
                than 15 but not more than 16

            	
              1.90%

            	
              3.20%

            
	
              More
                than 16 but not more than 17

            	
              2.00%

            	
              3.30%

            
	
              More
                than 17 but not more than 18

            	
              2.00%

            	
              3.50%

            
	
              More
                than 18 but not more than 19

            	
              2.00%

            	
              3.60%

            
	
              More
                than 20 but not more than 21

            	
              2.00%

            	
              3.70%

            
	
              More
                than 21 but not more than 22

            	
              2.00%

            	
              3.90%

            
	
              More
                than 22

            	
              2.00%

            	
              4.00%

            

    

    
 

    Table
      2B

    Moody’s
      Second TriggerFactor

    (Transaction
      Specific hedges)

     

    Valuation
      Date (and Valuation Percentage column):  Daily

    The
      following percentages shall be used in the calculation of the Moody's Second
      Trigger Factor with respect to any Transaction that is a Transaction-Specific
      Hedge.

     

    
      	
              Weighted
                Average Life of Transaction in Years

            	
              Valuation
                Date (Daily)

            	
              Valuation
                Date (Weekly)

            
	
              1
                or less

            	
              0.65%

            	
              0.75%

            
	
              More
                than 1 but not more than 2

            	
              1.30%

            	
              1.50%

            
	
              More
                than 2 but not more than 3

            	
              1.90%

            	
              2.20%

            
	
              More
                than 3 but not more than 4

            	
              2.50%

            	
              2.90%

            
	
              More
                than 4 but not more than 5

            	
              3.10%

            	
              3.60%

            
	
              More
                than 5 but not more than 6

            	
              3.60%

            	
              4.20%

            
	
              More
                than 6 but not more than 7

            	
              4.20%

            	
              4.80%

            
	
              More
                than 7 but not more than 8

            	
              4.70%

            	
              5.40%

            
	
              More
                than 8 but not more than 9

            	
              5.20%

            	
              6.00%

            
	
              More
                than 9 but not more than 10

            	
              5.70%

            	
              6.60%

            
	
              More
                than 10 but not more than 11

            	
              6.10%

            	
              7.00%

            
	
              More
                than 11 but not more than 12

            	
              6.50%

            	
              7.50%

            
	
              More
                than 12 but not more than 13

            	
              7.00%

            	
              8.00%

            
	
              More
                than 13 but not more than 14

            	
              7.40%

            	
              8.50%

            
	
              More
                than 14 but not more than 15

            	
              7.80%

            	
              9.00%

            
	
              More
                than 15 but not more than 16

            	
              8.20%

            	
              9.50%

            
	
              More
                than 16 but not more than 17

            	
              8.60%

            	
              9.90%

            
	
              More
                than 17 but not more than 18

            	
              9.00%

            	
              10.40%

            
	
              More
                than 18 but not more than 19

            	
              9.40%

            	
              10.80%

            
	
              More
                than 20 but not more than 21

            	
              9.70%

            	
              11.00%

            
	
              More
                than 21 but not more than 22

            	
              10.00%

            	
              11.00%

            
	
              More
                than 22

            	
              10.00%

            	
              11.00%

            

    

     

     

    Table
      2C

    Moody’s
      Second Trigger Factor

    (Non-Transaction
      Specific hedges)

     

    Valuation
      Date (and Valuation Percentage column):  Daily

    The
      following percentages shall be used in the calculation of the Moody's Second
      Trigger Factor with respect to any Transaction that is not a
      Transaction-Specific Hedge.

     

    
      	
              Weighted
                Average Life of Transaction in Years

            	
              Valuation
                Date (Daily)

            	
              Valuation
                Date (Weekly)

            
	
              1
                or less

            	
              0.50%

            	
              0.60%

            
	
              More
                than 1 but not more than 2

            	
              1.00%

            	
              1.20%

            
	
              More
                than 2 but not more than 3

            	
              1.50%

            	
              1.70%

            
	
              More
                than 3 but not more than 4

            	
              1.90%

            	
              2.30%

            
	
              More
                than 4 but not more than 5

            	
              2.40%

            	
              2.80%

            
	
              More
                than 5 but not more than 6

            	
              2.80%

            	
              3.30%

            
	
              More
                than 6 but not more than 7

            	
              3.20%

            	
              3.80%

            
	
              More
                than 7 but not more than 8

            	
              3.60%

            	
              4.30%

            
	
              More
                than 8 but not more than 9

            	
              4.00%

            	
              4.80%

            
	
              More
                than 9 but not more than 10

            	
              4.40%

            	
              5.30%

            
	
              More
                than 10 but not more than 11

            	
              4.70%

            	
              5.60%

            
	
              More
                than 11 but not more than 12

            	
              5.00%

            	
              6.00%

            
	
              More
                than 12 but not more than 13

            	
              5.40%

            	
              6.40%

            
	
              More
                than 13 but not more than 14

            	
              5.70%

            	
              6.80%

            
	
              More
                than 14 but not more than 15

            	
              6.00%

            	
              7.20%

            
	
              More
                than 15 but not more than 16

            	
              6.30%

            	
              7.60%

            
	
              More
                than 16 but not more than 17

            	
              6.60%

            	
              7.90%

            
	
              More
                than 17 but not more than 18

            	
              6.90%

            	
              8.30%

            
	
              More
                than 18 but not more than 19

            	
              7.20%

            	
              8.60%

            
	
              More
                than 20 but not more than 21

            	
              7.50%

            	
              9.00%

            
	
              More
                than 21 but not more than 22

            	
              7.80%

            	
              9.00%

            
	
              More
                than 22

            	
              8.00%

            	
              9.00%

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      P

     

    FORM
      OF
      BASIS RISK CAP AGREEMENT

     

    
      	 	 

    

    

    

    
      	
              DATE:

            	
              July
                10, 2007

            
	 	 
	
              TO:

            	
              Wells
                Fargo Bank, N.A., not in its individual capacity, but solely as Trustee
                on
                behalf of the Soundview Mortgage Loan Trust 2007-OPT2, Asset-Backed
                Certificates, Series 2007-OPT2

            
	 	 
	 	 
	
              ATTENTION:

            	
              Client
                Manager, Soundview 2007-OPT2

            
	
              TELEPHONE:

            	
              (410)
                884-2000

            
	
              FACSIMILE:

            	
              (410)
                715-2380

            
	 	 
	
              FROM:

            	
              The
                Bank of New York

            
	 	
              Derivative
                Products Support Department

            
	 	
              Attn:
                Swap Confirmation Dept.

            
	
              TELEPHONE:

            	
              212-804-5163/5103

            
	
              FACSIMILE:

            	
              212-804-5818/5837

            
	 	 
	
              SUBJECT:

            	
              Interest
                Rate
                Cap

            
	 	 
	
              REFERENCE
                NUMBER:

            	
              39478

            

    

    

    The
      purpose of this long-form confirmation (“Long-form
      Confirmation”) is to confirm the terms and conditions
      of the current Transaction entered into on the Trade Date specified below (the
      “Transaction”) between The Bank of New York (“Party
      A”) and Wells Fargo Bank, N.A., not in its
      individual capacity, but solely as trustee (the “Trustee”) on behalf of the
      Soundview Mortgage Loan Trust 2007-OPT2, Asset-Backed Certificates, Series
      2007-OPT2

     (“Party
      B”) created under the pooling and servicing agreement, dated as of July 1, 2007,
      among Financial Asset Securities Corp. (the “Deposistor”), Option One Mortgage
      Corporation (the “Servicer”), and Wells Fargo Bank, N.A. (the
“Trustee”),
      (the
“Pooling and Servicing Agreement”).  This Long-form
      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.  Item 2 of this Long-form Confirmation constitutes a
“Confirmation” as referred to in the ISDA Master Agreement
      (defined below); Item 3 of this Long-form Confirmation constitutes a
“Schedule” as referred to in the ISDA Master Agreement; and
      Annex A hereto constitutes Paragraph 13 of a Credit Support Annex to the
      Schedule.

    

    
      	
              Item
                1.

            	
              The
                Confirmation set forth at Item 2 hereof 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 Long-form 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.

            

    

     

    
      	
              Item
                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 lesser of (x) the aggregate
                Certificate Principal Balance of the Class A and Class M Certificates
                immediately preceding the Distribution Date which occurs in the calendar
                month of the Floating Rate Payer Payment Date for such Calculation
                Period
                (determined for this purpose without regard to any adjustment of
                the
                Floating Rate Payer Payment Date or Distribution Date relating to
                business
                days) and (y) the amount set forth for such period on Schedule I
                attached
                hereto.

            
	 	 
	 	
              The
                outstanding aggregate Certificate Principal Balance of the Class
                A and
                Class M Certificates will be posted on the Trustee’s internet site which
                shall be initially located at http://www.ctslink.com.  Assistance
                in using the internet site can be obtained by calling the Trustee’s
                customer service desk at 1-866-846-4526.

            
	 	 
	
              Trade
                Date:

            	
              June
                18, 2007

            
	 	 
	
              Effective
                Date:

            	
              August
                25, 2007

            
	 	 
	
              Termination
                Date:

            	
              January
                25, 2008, subject
                to adjustment in accordance with the Following Business Day
                Convention.

            
	 	 
	
              Fixed
                Amount:

            	 
	 	 
	
              Fixed
                Amount Payer:

            	
              Party
                B

            
	 	 
	
              Fixed
                Amount Payer

            	 
	
              Payment
                Date:

            	
              July
                10, 2007

            
	 	 
	
              Fixed
                Amount:

            	
              USD
                5,000.00, to be paid on behalf of Party B by Greenwich Capital Financial
                Products, Inc. to Party A.  The parties agree, for convenience
                and ease of administration, the payment of the Fixed Amount will
                be netted
                with the Additional Payment payable under the Confirmation with reference
                number 39476 and the Fixed Amounts payable under the Confirmations
                with
                reference numbers 39477.

            
	 	 
	
              Floating
                Amounts:

            	 
	 	 
	
              Floating
                Rate Payer:

            	
              Party
                A

            
	 	 
	
              Cap
                Rate:

            	
              For
                each Calculation Period, as set forth for such period on Schedule
                I
                attached hereto.

            
	 	 
	
              Floating
                Rate Payer

            	 
	
              Period
                End Dates:

            	
              The
                25th
                calendar day of each month during the Term of this Transaction, commencing
                September 25, 2007, and ending on the Termination Date, subject to
                adjustment in accordance with the Business Day
                Convention.

            
	 	 
	 	 
	 	 
	
              Floating
                Rate Payer

            	 
	
              Payment
                Dates:

            	
              Early
                Payment shall be applicable. The Floating Rate Payer Payment Date
                shall be
                one (1) Business Day preceding each Floating Rate Payer Period End
                Date.

            
	 	 
	
              Floating
                Rate Option:

            	
              USD-LIBOR-BBA,
                provided, however, if the Floating Rate Option for a Calculation
                Period is
                greater than 10.50% then the Floating Rate Option for such Calculation
                Period shall be deemed equal to 10.50%.

            
	 	 
	
              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

            

    

    

    
      	
              Item
                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 Moody’s Second Trigger Downgrade Event has
                occurred and is continuing and at least 30 Local Business Days have
                elapsed since such Moody’s Second Trigger Downgrade Event first
                occurred.

            

    

    

    
      	
              (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 Moody’s Second Trigger Downgrade Event has occurred
                and is continuing and at least 30 Local Business Days have elapsed
                since
                such Moody’s Second Trigger Downgrade Event first
                occurred.

            

    

    

    
      	
              (iv)  

            	
              The
                “Misrepresentation” provisions of Section 5(a)(iv) will
                apply to Party A and will not apply to Party
                B.

            

    

    

    
      	
              (v)  

            	
              The
                “Default under Specified Transaction” provisions of
                Section 5(a)(v) will apply to Party A and will not apply to Party
                B.

            

    

    

    
      	
              (vi)  

            	
              The
                “Cross Default” provisions of Section 5(a)(vi) will apply
                to Party A and will not apply to Party B.  For purposes of
                Section 5(a)(vi), solely with respect to Party
                A:

            

    

    

    “Specified
      Indebtedness” will have the meaning specified in Section 14, 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, a guarantor under an
      Eligible Guarantee with credit ratings at least equal to the S&P Required
      Ratings Threshold and the Moody’s Second Trigger Threshold.

    

    
      	
              (vii)  

            	
              The
                “Bankruptcy” provisions of Section 5(a)(vii) will apply
                to Party A and will apply to Party B; provided, however, that, for
                purposes of applying Section 5(a)(vii) to Party B: (A) Section
                5(a)(vii)(2) shall not apply, (B) Section 5(a)(vii)(3) shall not
                apply to
                any assignment, arrangement or composition that is effected by or
                pursuant
                to the Pooling and Servicing Agreement, (C) Section 5(a)(vii)(4)
                shall not
                apply to a proceeding instituted, or a petition presented, by Party
                A or
                any of its Affiliates (for purposes of Section 5(a)(vii)(4), Affiliate
                shall have the meaning set forth in Section 14, notwithstanding anything
                to the contrary in this Agreement), (D) Section 5(a)(vii)(6) shall
                not
                apply to any appointment that is effected by or pursuant to the Pooling
                and Servicing Agreement, or any appointment to which Party B has
                not yet
                become subject; (E) Section 5(a)(vii) (7) shall not apply; (F) Section
                5(a)(vii)(8) shall apply only to the extent of any event which has
                an
                effect analogous to any of the events specified in clauses (1), (3),
                (4),
                (5) or (6) of Section 5(a)(vii), in each case as modified in this
                Part
                1(c)(vii), and (G) Section 5(a)(vii)(9) shall not
                apply.

            

    

    

    
      	
              (viii)  

            	
              The
                “Merger Without Assumption” provisions of Section
                5(a)(viii) will apply to Party A and will apply to Party
                B.

            

    

    

    (d)           Termination
      Events.

    

    The
      statement below that a Termination Event will apply to a specific party means
      that upon the occurrence of such a Termination Event, if such specific party
      is
      the Affected Party with respect to a Tax Event, the Burdened Party with respect
      to a Tax Event Upon Merger (except as noted below) or the non-Affected Party
      with respect to a Credit Event Upon Merger, as the case may be, such specific
      party shall have the right to designate an Early Termination Date in accordance
      with Section 6 of this Agreement; conversely, the statement below that such
      an
      event will not apply to a specific party means that such party shall not have
      such right; provided, however, with respect to “Illegality” the statement that
      such event will apply to a specific party means that upon the occurrence of
      such
      a Termination Event with respect to such party, either party shall have the
      right to designate an Early Termination Date in accordance with Section 6 of
      this Agreement.

    

    (i)           The
      “Illegality” provisions of Section 5(b)(i) will apply to Party
      A and will apply to Party B.

    

    
      	
               

            	
              (ii)

            	
              The
                “Tax Event” provisions of Section 5(b)(ii) will apply to
                Party A 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, notwithstanding anything
                to
                the contrary in this Agreement, if an Early Termination Date has
                been
                designated as a result 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 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 Eligible Replacement 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:

            

    

    

    “Settlement
      Amount” means, with respect to any Early Termination Date, an
      amount (as determined by Party B) equal to:

    

    
      	
               

            	
              (a)

            	
              if,
                on or prior to such Early Termination Date, a Market Quotation for
                the
                relevant Terminated Transaction or group of Terminated Transactions
                is
                accepted by Party B so as to become legally binding, the Termination
                Currency Equivalent of the amount (whether positive or negative)
                of such
                Market Quotation;

            

    

    

    
      	
               

            	
              (b)

            	
              if,
                on such Early Termination Date, 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 communicated to Party
                B
                and remain capable of becoming legally binding upon acceptance by
                Party B,
                the Termination Currency Equivalent of the amount (whether positive
                or
                negative) of the lowest of such Market Quotations (for the avoidance
                of
                doubt, (I) a Market Quotation expressed as a negative number is lower
                than
                a Market Quotation expressed as a positive number and (II) the lower
                of
                two Market Quotations expressed as negative numbers is the one with
                the
                largest absolute value); or

            

    

    

    
      	
               

            	
              (c)

            	
              if,
                on such Early Termination Date, 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 has been communicated to Party B and remains
                capable
                of becoming legally binding upon acceptance by Party B, 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 Early Termination
                Date.

            

    

    

    
      	
               

            	
              (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:

            

    

    

    “(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 against any amount payable by Party B under
      the
      immediately preceding clause (I).”

    

    
      	
              (E)        
                  

            	
              At
                any time on or before the Early Termination Date at which two or
                more
                Market Quotations from Approved Replacements have been communicated
                to
                Party B and remain capable of becoming legally binding upon acceptance
                by
                Party B, Party B shall be entitled to accept only the lowest of such
                Market Quotations (for the avoidance of doubt, (I) a Market Quotation
                expressed as a negative number is lower than a Market Quotation expressed
                as a positive number and (II) the lower of two Market Quotations
                expressed
                as negative numbers is the one with the largest absolute
                value).

            

    

    

    
      	
              (F)        
                  

            	
              In
                determining whether or not a Firm Offer satisfies clause (B)(y) of
                the
                definition of Replacement Transaction and whether or not a proposed
                transfer satisfies clause (e)(B)(y) of the definition of Permitted
                Transfer, Party B shall act in a commercially reasonable
                manner.

            

    

    

    
      	
              (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).

    

    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):

    

    (x)
      It is
      a “U.S. person” (as that term is used in section 1.1441-4(a)(3)(ii) of the
      United States Treasury Regulations) for United States federal income tax
      purposes, (y) it is a trust company duly organized and existing under the laws
      of the State of New York, and (y) its U.S. taxpayer identification number is
      135160382.

    

    (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.

            

    

    

    
      	
               

            	
              (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.

    

      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

            	
              A
                correct, complete and duly executed U.S. Internal Revenue Service
                Form W-9
                (or successor thereto) that establishes an exemption from deduction
                or
                withholding obligation on payments to Party A under this
                Agreement.

            	 	
              Upon
                the execution and delivery of this Agreement

            
	 	 	 	 
	
              Party
                B

            	
              A
                correct, complete and executed U.S. Internal Revenue Service Form
                W-9,
                W-8BEN, W-8ECI, or W-8IMY, with appropriate attachments, as applicable,
                or
                any other or successor form, in each case that establishes an exemption
                from deduction or withholding obligations; and any other document
                reasonably requested to allow Party A to make payments under this
                Agreement without any deduction or withholding for or on account
                of any
                tax.

            	 	
              (i)
                Before the first Payment Date under this Agreement, (ii) in the case
                of a
                U.S. Internal Revenue Service Form W-8ECI, W-8IMY, and W-8BEN that
                does
                not include a U.S. taxpayer identification number in line 6, before
                December 31 of each third succeeding calendar year, (iii) promptly
                upon
                reasonable demand by Party A, and (iv) promptly upon receiving actual
                knowledge that any such form previously provided by Party B has become
                obsolete or incorrect

            

    

    

    

    (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

            	
              A
                copy of the quarterly and annual financial statements of Party A
                for the
                most recently completed fiscal year and publicly available in its
                regulatory call report

            	 	
              Promptly
                upon becoming publicly available; provided,
                if available on http://www.fdic.gov, such delivery is not
                required

            	
              No

            
	 	 	 	 	 
	
              Party
                A

            	
              An
                opinion of counsel to Party A as to the enforceability of this
                Confirmation reasonably acceptable to Party B.

            	 	
              Upon
                the execution and delivery of this Agreement

            	
              No

            
	 	 	 	 	 
	
              Party
                B

            	
              An
                opinion of counsel to Party B as to the enforceability of this
                Confirmation reasonably acceptable to Party A.

            	 	
              Upon
                the execution and delivery of this Agreement

            	
              No

            

    

    

    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:               The
      Bank of New York

    Swaps
      and
      Derivative Products Group

    Global
      Market Division

    32
      Old
      Slip 15th Floor

    New
      York,
      NY 10286

    Attention:
      Steve Lawler

    Facsimile:
      212-495-1016

    Phone:
      212-804-2137

    

    with
      a
      copy to:

     

    The
      Bank
      of New York

    Swaps
      and
      Derivative Products Group

    32
      Old
      Slip 16th Floor

    New
      York,
      New York 10286

    Attention:
      Andrew Schwartz

    Tele:
      212-804-5103

    Fax:
      212-804-5818/5837

    

    (For
      all
      purposes)

    

    A
      copy of
      any notice or other communication with respect to Sections 5 or 6 should also
      be
      sent to the addresses set out below:

     

    The
      Bank
      of New York

    Legal
      Department

    One
      Wall
      Street – 10th Floor

    New
      York,
      New York 10286

    Attention:
      General Counsel

    

    Address
      for notices or communications
      to Party B:

    

    Wells
      Fargo Bank, N.A.

    9062
      Old
      Annapolis Road

    Columbia,
      MD 21045

    Attn:
      Client Manger, Soundview 2007-OPT2

    Phone:
      410-884-2000

    Facsimile:
      410-715-2380

    

    (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.

            

    

    

    
      	
              (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
                financial institution which would qualify as a Reference Market-maker,
                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 (including any claim or controversy arising out of or relating
                to
                this Agreement), 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.  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).

            

    

     

    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.

            

    

     

    
      	
               

            	
              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 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.

            

    

     

    (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):

            

    

    

    
      	
               

            	
              “(g)

            	
              Relationship
                Between Parties.

            

    

    

    
      	
               

            	
              (1)

            	
              Nonreliance.  (i)
                It is not relying on any statement or representation of the other
                party
                (whether written or oral) regarding any Transaction hereunder, 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) each 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 (i) by deleting the words “or if a Tax Event Upon Merger occurs
                and the Burdened Party is the Affected Party,” and the words “, which
                consent will not be withheld if such other party’s policies in effect at
                such time would permit it to enter into transactions with the transferee
                on the terms proposed” 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”.

            

    

    

    
      	
              (c)

            	
              Additional
                Termination Events.  The following Additional
                Termination Events will apply:

            

    

    

    
      	
              (i)            

            	
              Failure
                to Post Collateral.  If 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, and such failure has
                not
                given rise to an Event of Default under Section 5(a)(i) or Section
                5(a)(iii), 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.  The occurrence of any
                event described in this Part 5(c)(ii) shall constitute an Additional
                Termination Event with respect to Party A and Party A shall be the
                sole
                Affected Party with respect to such Additional Termination
                Event.

            

    

    

    
      	
               

            	
              (A)

            	
              A
                Moody’s Second Trigger Downgrade Event has occurred and is continuing and
                at least 30 Local Business Days have elapsed since such Moody’s Second
                Trigger Downgrade Event first occurred, and at least one Eligible
                Replacement has made a Firm Offer that would, assuming the occurrence
                of
                an Early Termination Date, qualify as a Market Quotation (on the
                basis
                that Part 1(f)(i)(A) applies) and which remains capable of becoming
                legally binding upon acceptance.

            

    

    

    
      	
               

            	
              (B)

            	
              An
                S&P Required Ratings Downgrade Event has occurred and is continuing
                and at least 60 calendar days have elapsed since such S&P Required
                Ratings Downgrade Event first
                occurred.

            

    

    

    

    
      	
               

            	
              (iii)

            	
              Failure
                to Comply with Regulation AB Requirements.  If (i) the
                Depositor still has a reporting obligation with respect to the Transaction
                hereunder pursuant to Regulation AB and (ii) Party A has not, within
                the
                applicable time period specified in Part 5(e)(ii)(a) below after
                a Swap
                Disclosure Event, complied with any of the provisions set forth in
                Part
                5(e)(ii) below, 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.

            

    

    

    
      	
               

            	
              (iv)

            	
              Optional
                Termination of Securitization.  An Additional
                Termination Event shall occur upon the earlier of (i) the occurrence
                of an
                Optional Termination in accordance with Article X of the Pooling
                and
                Servicing Agreement or (ii) notice to Certificateholders of such
                Optional
                Termination becoming unrescindable, in accordance with Article X
                of the
                Pooling and Servicing Agreement. Party B shall be the sole Affected Party
                with respect to such Additional Termination Event; provided, however,
                that
                notwithstanding anything to the contrary in Section 6(b)(iv), only
                Party B
                may designate an Early Termination Date as a result of this Additional
                Termination Event.  For purposes of determining the payment
                under Section 6(e) in respect of an Early Termination Date designated
                as a
                result of this Additional Termination Event, for all Calculation
                Periods
                beginning on or after the Early Termination Date, the definition
                of
                Notional Amount in this Confirmation shall be deleted in its entirety
                and
                replaced with the following: “With respect to each Calculation Period, the
                Calculation Amount II for such Calculation Period as set forth on
                Schedule
                I attached hereto multiplied by the quotient of (A) the Notional
                Amount
                for the Calculation Period immediately prior to the Early Termination
                Date
                divided by (B) the Calculation Amount II for the Calculation Period
                immediately prior to the Early Termination Date as set forth on Schedule
                I
                attached hereto

            

    

    

    
      	
              (d)

            	
              Required
                Ratings Downgrade Event.  If a Required Ratings
                Downgrade Event has occurred and is continuing, then Party A shall,
                at its
                own expense, use commercially reasonable efforts to, as soon as reasonably
                practicable, either (A) effect a Permitted Transfer or (B) procure
                an
                Eligible Guarantee by a guarantor with credit ratings at least equal
                to
                the S&P Required Ratings Threshold and the Moody’s Second Trigger
                Threshold.

            

    

    

    (e)           Compliance
      with Regulation AB.

     

    
      	
              (i)

            	
              It
                shall be a swap disclosure event (“Swap Disclosure
                Event”) if, at any time after the date hereof while the Depositor
                has reporting obligations with respect to this Transaction pursuant
                to
                Regulation AB, the Depositor or Greenwich Capital Financial Products,
                Inc.
                (the “Sponsor”) notifies Party A that the aggregate
                “significance percentage” (calculated in accordance with the provisions of
                Item 1115 of Regulation AB) of all derivative instruments provided
                by
                Party A and any of its affiliates to Party B (collectively, the
                “Aggregate Significance Percentage”) is 9% or
                more.

            

    

     

    
      	
              (ii)

            	
              Upon
                the occurrence of a Swap Disclosure Event while the Depositor has
                reporting obligations with respect to this Transaction pursuant to
                Regulation AB, Party A, at its own cost and expense (and without
                any
                expense or liability to the Depositor, the Sponsor, the Underwriters,
                the
                Depositor, the Trustee or the Issuing Entity), shall take one of
                the
                following actions:

            

    

     

    
      	
               

            	
              (a)

            	
              provide
                to the Sponsor and the Depositor: (i) if the Aggregate Significance
                Percentage is 9% or more, but less than 10%, within thirty (30) days,
                either, at the sole discretion of Party A, the information required
                under
                Item 1115(b)(1) or Item 1115(b)(2) of Regulation AB, (ii) if the
                Aggregate
                Significance Percentage is 10% or more, but less than 20%, within
                five (5)
                Business Days, either, at the sole discretion of Party A, the information
                required under Item 1115(b)(1) or Item 1115(b)(2) of Regulation AB,
                (iii)
                if the Aggregate Significance Percentage is 19% or more, but less
                than
                20%,, within thirty (30) days, the information required under Item
                1115(b)(2) of Regulation AB or (iv) if the Aggregate Significance
                Percentage is 20% or more, within five (5) Business Days, the information
                required under Item 1115(b)(2) of Regulation AB;
                or

            

    

     

    
      	
               

            	
              (b)

            	
              transfer
                in a Permitted Transfer (provided that a Permitted Transfer pursuant
                to
                this subclause (b) shall not require satisfaction of the Rating Agency
                Condition) its obligations under the Transaction to a counterparty
                with
                the Approved Ratings Thresholds (or which satisfies the Rating Agency
                Condition), that (x) provides the information specified in clause
                (a)
                above to the Depositor and Sponsor and (y) enters into documentation
                substantially similar to the documentation then in place between
                Party A
                and Party B.

            

    

     

    
      	
              (iii)

            	
              For
                so long as the Aggregate Significance Percentage is 10% or more and
                the
                Depositor has reporting obligations with respect to this Transaction,
                Party A shall provide any updates to the information provided pursuant
                to
                clause (ii)(a) above to the Sponsor and the Depositor within five
                (5)
                Business Days following the availability thereof (but in no event
                more
                than 6 months after the end of each of Party A’s fiscal year for any
                annual update and when available for any interim
                update).

            

    

     

    
      	
              (iv)

            	
              All
                information provided pursuant to clause (ii) shall be in a form suitable
                for conversion to the format required for filing by the Depositor
                with the
                Commission via the Electronic Data Gathering and Retrieval System
                (EDGAR).  The parties hereto acknowledge that electronic files
                in Adobe Acrobat format will be deemed to satisfy the requirements
                of this
                Part 5(e)(iv).  In addition, any such information, if audited,
                shall be accompanied by any necessary auditor’s consents or, if such
                information is unaudited, shall be accompanied by an appropriate
                agreed-upon procedures letter from Party A’s accountants.  If
                permitted by Regulation AB, any such information may be provided
                by
                reference to or incorporation by reference from reports filed pursuant
                to
                the Exchange Act.

            

    

     

    
      	
              (v)

            	
              The
                Sponsor and the Depositor each shall be an express third party beneficiary
                of this Agreement with respect to Party A’s undertakings under this Part
                5(e) only.

            

    

     

    
      	
              (f)

            	
              Transfers.

            

    

     

    (i)           Section
      7 is hereby amended to read in its entirety as follows:

     

    “Neither
      this Agreement nor any interest or obligation in or under this Agreement may
      be
      transferred (whether by way of security or otherwise) by either party unless
      (a)
      the prior written consent of the other party is obtained and (b) prior written
      notice has been provided to the Rating Agencies:

     

    
      	
               

            	
              (a)

            	
              Party
                A may make a Permitted Transfer (1) pursuant to Section 6(b)(ii)
                or Part
                5(e), (2) pursuant to a consolidation or amalgamation with, or merger
                with
                or into, or transfer of all or substantially all its assets to, another
                entity (but without prejudice to any other right or remedy under
                this
                Agreement), or (3) at any time at which no Relevant Entity has credit
                ratings at least equal to the Approved Ratings
                Threshold;

            

    

     

    
      	
               

            	
              (b)

            	
              Party
                B may transfer its rights and obligations hereunder in connection
                with a
                transfer pursuant to Section 8.09 of the Pooling and Servicing Agreement,
                and

            

    

     

    
      	
               

            	
              (c)

            	
              a
                party may make such a transfer of all or any part of its interest
                in any
                amount payable to it from a Defaulting Party under Section
                6(e).

            

    

     

    Any
      purported transfer that is not in compliance with this Section will be
      void. 

     

    
      	
               

            	
              (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
                Trust
                Fund and the proceeds thereof, 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 Trust Fund
                and the
                proceeds thereof, should be insufficient to satisfy all claims outstanding
                and following the realization of the account held by the Trust Fund
                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.  This provision will survive the termination of this
                Agreement.

            

    

    

    
      	
              (h)

            	
              [Reserved.]

            

    

     

    
      	
              (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 Rating Agency has been provided 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 Rating Agencies has been provided
                prior
                written notice of the same.

            

    

    

    
      	
              (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
                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
                or the Issuer, 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)

            	
              Trustee
                Liability Limitations.  It is expressly understood and
                agreed by the parties hereto that (a) this Agreement is executed
                by Wells
                Fargo Bank, N.A. (“WFBNA”) not individually or personally, but solely as
                Trustee under the Pooling and Servicing Agreement in the exercise
                of the
                powers and authority conferred and vested in it under the terms of
                the
                Pooling and Servicing Agreement; (b) WFBNA 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 the part of Party B is
                made and
                intended not as personal representations, undertakings and agreements
                of
                WFBNA but is made and intended for the purpose of binding only the
                Trust;
                (d) nothing herein contained shall be construed as creating any liability
                on the part of WFBNA, individually or personally, to perform any
                covenant,
                either expressed or implied, contained herein , all such liability,
                if
                any, being expressly waived by the parties hereto and by any Person
                claiming by, through or under the parties hereto; and (e) under no
                circumstances shall WFBNA be personally liable for the payment of
                any
                indebtedness or expenses of Party B or be liable for the breach or
                failure
                of any obligation, representation, warranty or covenant made or undertaken
                by Party B under this Agreement or any other related documents, as
                to all
                of which recourse shall be had solely to the assets of the Trust
                Fund in
                accordance with the terms of the Pooling and Servicing
                Agreement.

            

    

    

    
      	
              (o)

            	
              Severability.  If
                any term, provision, covenant, or condition of this Agreement, or
                the
                application thereof to any party or circumstance, shall be held to
                be
                invalid or unenforceable (in whole or in part) in any respect, the
                remaining terms, provisions, covenants, and conditions hereof shall
                continue in full force and effect as if this Agreement had been executed
                with the invalid or unenforceable portion eliminated, so long as
                this
                Agreement as so modified continues to express, without material change,
                the original intentions of the parties as to the subject matter of
                this
                Agreement and the deletion of such portion of this Agreement will
                not
                substantially impair the respective benefits or expectations of the
                parties; provided, however, that this severability provision shall
                not be
                applicable if any provision of Section 2, 5, 6, or 13 (or any definition
                or provision in Section 14 to the extent it relates to, or is used
                in or
                in connection with any such Section) shall be so held to be invalid
                or
                unenforceable.

            

    

    

    The
      parties shall endeavor to engage in good faith negotiations to replace any
      invalid or unenforceable term, provision, covenant or condition with a valid
      or
      enforceable term, provision, covenant or condition, the economic effect of
      which
      comes as close as possible to that of the invalid or unenforceable term,
      provision, covenant or condition.

    

    
      	
              (p)

            	
              Agent
                for Party B.  Party A acknowledges that Party B has
                appointed the Trustee under the Pooling and Servicing Agreement to
                carry
                out certain functions on behalf of Party B, and that 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)

            	
              Limitation
                on Events of Default.  Notwithstanding the provisions
                of Sections 5 and 6, with respect to any Transaction, if at any time
                and
                so long as Party B has satisfied in full all its payment obligations
                under
                Section 2(a)(i) in respect of each Transaction with the reference
                number
                39478 (each, a “Cap Transaction”) and has at the time no future payment
                obligations, whether absolute or contingent, under such Section in
                respect
                of such Cap Transaction, then unless Party A is required pursuant
                to
                appropriate proceedings to return to Party B or otherwise returns
                to Party
                B upon demand of Party B any portion of any such payment in respect
                of
                such Cap Transaction, (a) the occurrence of an event described in
                Section
                5(a) with respect to Party B shall not constitute an Event of Default
                or
                Potential Event of Default with respect to Party B as Defaulting
                Party in
                respect of such Cap Transaction and (b) Party A shall be entitled
                to
                designate an Early Termination Date pursuant to Section 6 in respect
                of
                such Cap Transaction only as a result of the occurrence of a Termination
                Event set forth in either Section 5(b)(i) or 5(b)(ii) with respect to
                Party A as the Affected Party, or Section 5(b)(iii) with respect
                to Party
                A as the Burdened Party.  For purposes of the Transactions
                identified by the reference numbers 39478, Party A acknowledges and
                agrees
                that Party B’s only payment obligation under Section 2(a)(i) in respect of
                each Cap Transaction is to pay the related Fixed Amount on the related
                Fixed Amount Payer Payment Date.

            

    

     

    
      	
              (r)

            	
              Consent
                to Recording.  Each party hereto consents to the
                monitoring or recording, at any time and from time to time, by the
                other
                party of any and all communications between trading, marketing, and
                operations personnel of the parties and their Affiliates, waives
                any
                further notice of such monitoring or recording, and agrees to notify
                such
                personnel of such monitoring or recording.  Each party agrees to
                provide such recording to the other party upon reasonable
                request.

            

    

    

    
      	
              (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 Long-form 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 Party A is a bank
                subject to the requirements of Federal Deposit Insurance Act, delivery
                and
                performance of this Agreement (including the Credit Support Annex
                and each
                Confirmation) have been authorized by all necessary corporate action
                of
                Party A, the person executing this Agreement on behalf of Party A
                is an
                officer of Party A of the level of vice president or higher, 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 this Agreement and the Transaction
                as
                principal and not as agent of any person.  Party B represents to
                Party A on the date on which the Trustee executes this Agreement
                on behalf
                of Party B, that it is executing this Agreement, not individually,
                but
                solely its capacity as Trustee on behalf of the
                Trust.

            

    

     

    
      	
              (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.

            

    

     

    
      	
               

            	
              (iii)

            	
              Swap
                Agreement.  Party A acknowledges that each Transaction
                is a “swap agreement” as defined in 12 U.S.C. Section 1821(e)(8)(D)(vi)
                and a “covered swap agreement” as defined in the Commodity Exchange Act (7
                U.S.C. Section 27(d)(1)).

            

    

     

    (x)           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.

    

    “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 of Party A under this Agreement (or, solely
      for
      purposes of the definition of Eligible Replacement, all present and future
      obligations of such Eligible Replacement under this Agreement or its
      replacement, as applicable) which is provided by a guarantor as principal debtor
      rather than surety and which is directly enforceable by Party B, the form and
      substance of which guarantee are provided in advance 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 deduction or Tax
      collected by withholding, and such opinion has been delivered to Moody’s, or (B)
      such guarantee provides that, in the event that any of such guarantor’s payments
      to Party B are subject to deduction or 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 deduction or withholding been required, or (C) in the event that
      any
      payment under such guarantee is made net of deduction or withholding for Tax,
      Party A is required, under Section 2(a)(i), to make such additional payment
      as
      is necessary to ensure that the net amount actually received by Party B from
      the
      guarantor will equal the full amount Party B would have received had no such
      deduction or withholding been required.

    

    “Eligible
      Replacement” means
      an entity (A) that lawfully could perform the obligations owing to Party B
      under
      this Agreement (or its replacement, as applicable) and (B)  (I) (x)
      which has credit ratings from S&P at least equal to the S&P Required
      Ratings Threshold or (y) all present and future obligations of which entity
      owing to Party B under this Agreement (or its replacement, as applicable) are
      guaranteed pursuant to an Eligible Guarantee provided by a guarantor with credit
      ratings from S&P at least equal to the S&P Required Ratings Threshold,
      in either case if S&P is a Rating Agency, and  (II) (x) which has
      credit ratings from Moody’s at least equal to the Moody’s Second Trigger Ratings
      Threshold or (y) all present and future obligations of which entity owing to
      Party B under this Agreement (or its replacement, as applicable) are guaranteed
      pursuant to an Eligible Guarantee provided by a guarantor with credit ratings
      from Moody’s at least equal to the Moody’s Second Trigger Ratings Threshold, in
      either case if Moody’s is a Rating Agency.

    

    “Financial
      Institution” means a bank, broker/dealer, insurance company,
      structured investment company or derivative product company.

    

    “Firm
      Offer” means a quotation from an 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.

     

    “Moody’s”
      means Moody’s Investors Service, Inc., or any successor thereto.

    

    “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 Downgrade 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) or Part 5(e), or described in Sections 7(a)(2) or (3) (as
      amended herein) to a transferee (the “Transferee”) 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) the Transferee contracts with Party B pursuant
      to a
      written instrument (the “Transfer Agreement”) (A) (i) on terms which are
      effective to transfer to the Transferee all, but not less than all, of Party
      A’s
      rights, liabilities, duties and obligations under the Agreement and all relevant
      Transactions, which terms are identical to the terms of this Agreement, 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 (ii) each Rating Agency
      has been given prior written notice of such transfer or (B) (i) on terms that
      (x) have the effect of preserving for Party B the economic equivalent of all
      payment and delivery obligations (whether absolute or contingent and assuming
      the satisfaction of each applicable condition precedent) under this Agreement
      immediately before such transfer and (y) are, in all material respects, no
      less
      beneficial for Party B than the terms of this Agreement immediately before
      such
      transfer, as determined by Party B, and (ii) Moody’s and S&P have been given
      prior written notice of such transfer; (f) 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); and (g) such
      transfer otherwise complies with the terms of the Pooling and Servicing
      Agreement.

     

    “Rating
      Agencies” mean, 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 Soundview Mortgage Loan Trust 2007-OPT2 (the
      “Certificates”) or any notes backed by any of the Certificates (the
“Notes”).

    

    “Relevant
      Entities” mean 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
      (A) has terms which would be effective to transfer to a transferee all, but
      not
      less than all, of Party A’s rights, liabilities, duties and obligations under
      this Agreement and all relevant Transactions, which terms are identical to
      the
      terms of this Agreement, 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, save
      for the exclusion of provisions relating to Transactions that are not Terminated
      Transactions, or (B) (x) 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) under this Agreement 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 (y) has terms which are, in all material respects, no less
      beneficial for Party B than those of this Agreement (save for the exclusion
      of
      provisions relating to Transactions that are not Terminated Transactions),
      as
      determined by Party B.

    

    “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 of “A-1” from S&P, 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 of “A+” from S&P.

    

    “S&P
      Required Ratings Downgrade Event” means that no Relevant Entity
      has credit ratings from S&P at least equal to the S&P Required Ratings
      Threshold.

    

    “S&P
      Required Ratings Threshold” means, with respect to Party A, the
      guarantor under an Eligible Guarantee, or an Eligible Replacement, (I) if such
      entity is a Financial Institution, a short-term unsecured and unsubordinated
      debt rating of “A-2” from S&P, 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 of “BBB+” from S&P, or
      (II) if such entity is not a Financial Institution, a short-term unsecured
      and
      unsubordinated debt rating of “A-1” from S&P, 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 of
      “A+” from S&P.

    

    

     

    [Remainder
      of this page intentionally left blank.]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    4.           Account
      Details and Settlement Information:

     

    

    
      	
              Payments
                to Party A:

            	
              The
                Bank of New York

            
	 	
              Derivative
                Products Support Department

            
	 	
              32
                Old Slip, 16th
                Floor

            
	 	
              New
                York, New York 10286

            
	 	
              Attention:
                Renee Etheart

            
	 	
              ABA
                #021000018

            
	 	
              Account
                #890-0068-175

            
	 	
              Reference:
                Interest Rate Cap

            
	 	 
	
              Payments
                to Party B:

            	
              Wells
                Fargo Bank, N.A.

            
	 	
              ABA
                No. 121 000 248

            
	 	
              Account
                Name: SAS Clearing

            
	 	
              Account
                No.: 3970771416

            
	 	
              FFC
                to: Net WAC Rate Carryover Reserve Account
                53162101

            

    

    

    

    

    

    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.

    

    

    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,

    

    The
      Bank
      of New York

    

    

    

    
      	
              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.

    

    Wells
      Fargo Bank, N.A., not in its individual capacity, but solely as Trustee on
      behalf of the Soundview Mortgage Loan Trust 2007-OPT2, Asset-Backed
      Certificates, Series 2007-OPT2

    

      

      
        	
                By:

              	 
	
                Name:

              	 
	
                Title:

              	 

      

      

    

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    SCHEDULE
      I

    

    (subject
      to adjustment in accordance with the Following Business Day
      Convention)

    

    
      	
              From
                and including:

            	
              To
                but excluding:

            	
              Notional
                Amount (USD)

            	
              Cap
                Rate (%)

            
	
              08/25/07

            	
              09/25/07

            	
              542,930,039.00

            	
              8.0484

            
	
              09/25/07

            	
              10/25/07

            	
              538,655,464.00

            	
              8.3168

            
	
              10/25/07

            	
              11/25/07

            	
              533,233,227.00

            	
              8.04857

            
	
              11/25/07

            	
              12/25/07

            	
              526,666,172.00

            	
              8.31685

            
	
              12/25/07

            	
              01/25/08

            	
              518,964,120.00

            	
              8.0485

            

    

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    Annex
      A

    

    Paragraph
      13 of the Credit Support Annex

    

     

    

    ISDA®

    CREDIT
      SUPPORT ANNEX

    to
      the
      Schedule to the

    ISDA
      Master Agreement

    dated
      as
      of July 10, 2007 between

    The
      Bank
      of New York

    (hereinafter
      referred to as “Party A” or
“Pledgor”)

    and

    Wells
      Fargo Bank, N.A., not in its individual capacity, but solely as Trustee on
      behalf of the Soundview Mortgage Loan Trust 2007-OPT2, Asset-Backed
      Certificates, Series 2007-OPT2 (hereinafter referred to as “Party
      B” or “Secured Party”).

     

    For
      the
      avoidance of doubt, and notwithstanding anything to the contrary that may be
      contained in the Agreement, this Credit Support Annex shall relate solely to
      the
      Transaction documented in the Confirmation dated June 14, 2007, between Party
      A
      and Party B, Reference Number 39478.

    

     

    Paragraph
      13.  Elections and Variables.

     

    
      	
              (a)  

            	
              Security
                Interest for “Obligations”.  The term
                “Obligations” as used in this
                Annex includes the following additional
                obligations:

            

    

     

    With
      respect to Party A: not applicable.

     

    With
      respect to Party B: not applicable.

     

    
      	
              (b)  

            	
              Credit
                Support Obligations.

            

    

     

    
      	
              (i)            
                

            	
              Delivery
                Amount, Return Amount and Credit Support
                Amount.

            

    

     

    
      	
              (A)    
                     

            	
              “Delivery
                Amount” has the meaning specified in
                Paragraph 3(a), except that:

            

    

     

    
      	
               

            	
              (I)

            	
              the
                words “upon a demand made by the Secured Party on or promptly following
                a
                Valuation Date” shall be deleted and replaced with the words “not later
                than the close of business on each Valuation
                Date”,

            

    

     

    
      	
               

            	
              (II)

            	
              the
                sentence beginning “Unless otherwise specified in Paragraph 13” and ending
                “(ii) the Value as of that Valuation Date of all Posted Credit Support
                held by the Secured Party.” shall be deleted in its entirety and replaced
                with the following:

            

    

     

    “The
      “Delivery Amount” applicable to the Pledgor for any
      Valuation Date will equal the greatest of

     

    
      	
               

            	
              (1)

            	
              the
                amount by which (a) the S&P Credit Support Amount for such Valuation
                Date exceeds (b) the S&P Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured Party,
                and

            

    

     

    
      	
               

            	
              (2)

            	
              the
                amount by which (a) the Moody’s Credit Support Amount for such Valuation
                Date exceeds (b) the Moody’s Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured
                Party.

            

    

     

    
      	
               

            	
              (III)

            	
              if,
                on any Valuation Date, the Delivery Amount equals or exceeds the
                Pledgor’s
                Minimum Transfer Amount, the Pledgor will Transfer to the Secured
                Party
                sufficient Eligible Credit Support to ensure that, immediately following
                such transfer, the Delivery Amount shall be
                zero.

            

    

     

    
      	
              (B)          

            	
              “Return
                Amount” has the meaning specified in Paragraph 3(b), except
                that:

            

    

     

    
      	
               

            	
              (I)

            	
              the
                sentence beginning “Unless otherwise specified in Paragraph 13” and ending
                “(ii) the Credit Support Amount.” shall be deleted in its entirety and
                replaced with the following:

            

    

     

    “The
      “Return Amount” applicable to the Secured Party for
      any Valuation Date will equal the least of

     

    
      	
               

            	
              (1)

            	
              the
                amount by which (a) the S&P Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured Party exceeds (b) the S&P
                Credit Support Amount for such Valuation Date,
                and

            

    

     

    
      	
               

            	
              (2)

            	
              the
                amount by which (a) the Moody’s Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured Party exceeds (b) the Moody’s
                Credit Support Amount for such Valuation
                Date.

            

    

     

    
      	
               

            	
               (II)

            	
              in
                no event shall the Secured Party be required to Transfer any Posted
                Credit
                Support under Paragraph 3(b) if, immediately following such transfer,
                the
                Delivery Amount would be greater than
                zero.

            

    

     

    
      	
              (C)          

            	
              “Credit
                Support Amount” shall not apply.  For purposes of
                calculating any Delivery Amount or Return Amount for any Valuation
                Date,
                reference shall be made to the S&P Credit Support Amount, the Moody’s
                Credit Support Amount, in each case  for such Valuation Date, as
                provided in Paragraphs 13(b)(i)(A) and 13(b)(i)(B),
                above.

            

    

     

    
      	
              (ii)       
                  

            	
              Eligible
                Collateral.

            

    

     

    On
      any
      date, the items set forth in Table 1 will qualify as “Eligible
      Collateral” (for the avoidance of doubt, all Eligible Collateral
      to be denominated in USD).

     

    
      	
              (iii)      
                  

            	
              Other
                Eligible Support.

            

    

     

    The
      following items will qualify as “Other Eligible
      Support” for the party specified:

     

    Not
      applicable.

     

    
      	
              (iv)    
                  

            	
              Threshold.

            

    

     

    
      	
              (A)       
                 

            	
              “Independent
                Amount” means zero with respect to Party A and Party
                B.

            

    

     

    
      	
              (B)        
                 

            	
              “Moody’s
                Threshold” means, with respect to Party A and any Valuation
                Date, if a Moody’s First Trigger Downgrade Event has occurred and is
                continuing and such Moody’s First Trigger Downgrade Event has been
                continuing (i) for at least 30 Local Business Days or (ii) since
                this
                Annex was executed, zero; otherwise,
                infinity.

            

    

     

    “S&P
      Threshold” means, with respect to Party A and any Valuation Date,
      if  an S&P Approved Ratings Downgrade Event has occurred and is
      continuing and such S&P Approved Ratings Downgrade Event has been continuing
      (i) for at least 10 Local Business Days or (ii) since this Annex was executed,
      zero; otherwise, infinity.

     

    
      	 	
              “Threshold”
                means, with respect to Party B and any Valuation Date,
                infinity.

            

    

     

    
      	
              (C)      
                  

            	
              “Minimum
                Transfer Amount” means USD 100,000 with respect to Party A
                and Party B; provided, however, that if the aggregate Certificate
                Principal Balance of any Certificates and the aggregate principal
                balance
                of any Notes rated by S&P is at the time of any transfer less than USD
                50,000,000, the “Minimum Transfer Amount” shall
                be USD 50,000.

            

    

     

    
      	
              (D)        

            	
              Rounding:
                The Delivery Amount will be rounded up to the nearest integral multiple
                of
                USD 10,000. The Return Amount will be rounded down to the nearest
                integral
                multiple of USD 10,000.

            

    

     

    
      	
              (c)  

            	
              Valuation
                and Timing.

            

    

     

    
      	
              (i)        
                  

            	
              “Valuation
                Agent” means Party A; provided, however, that if an Event
                of
                Default shall have occurred with respect to which Party A is the
                Defaulting Party, Party B shall have the right to designate as Valuation
                Agent an independent party, reasonably acceptable to Party A, the
                cost for
                which shall be borne by Party A.  All calculations by the
                Valuation Agent must be made in accordance with standard market practice,
                including, in the event of a dispute as to the Value of any Eligible
                Credit Support or Posted Credit Support, by making reference to quotations
                received by the Valuation Agent from one or more Pricing
                Sources.

            

    

     

    
      	
              (ii)       
                  

            	
              “Valuation
                Date” means each Local Business Day on which any of the
                S&P Threshold or the Moody’s
                Threshold.

            

    

     

    
      	
              (iii)      
                  

            	
              “Valuation
                Time” means the close of business in the city of the
                Valuation Agent on the Local Business Day immediately preceding the
                Valuation Date or date of calculation, as applicable; provided
                that the calculations of Value and Exposure will be made as of
                approximately the same time on the same date.  The Valuation
                Agent will notify each party (or the other party, if the Valuation
                Agent
                is a party) of its calculations not later than the Notification Time
                on
                the applicable Valuation Date (or in the case of Paragraph 6(d),
                the Local
                Business Day following the day on which such relevant calculations
                are
                performed).

            

    

     

    
      	
              (iv)     
                  

            	
              “Notification
                Time” means 11:00 a.m., New York time, on a Local Business
                Day.

            

    

     

    
      	
              (d)  

            	
              Conditions
                Precedent and Secured Party’s Rights and
                Remedies.  The following Termination Events will
                be a “Specified Condition” for the party
                specified (that party being the Affected Party if the Termination
                Event
                occurs with respect to that party):  With respect to Party A:
                any Additional Termination Event with respect to which Party A is
                the sole
                Affected Party.  With respect to Party B:
                None.

            

    

     

    
      	
              (e)  

            	
              Substitution.

            

    

     

    
      	
              (i)         
                  

            	
              “Substitution
                Date” has the meaning specified in Paragraph
                4(d)(ii).

            

    

     

    
      	
              (ii)        
                  

            	
              Consent.  If
                specified here as applicable, then the Pledgor must obtain the Secured
                Party’s consent for any substitution pursuant to Paragraph
                4(d):  Inapplicable.

            

    

     

    
      	
              (f)  

            	
              Dispute
                Resolution.

            

    

     

    
      	
              (i)        
                  

            	
              “Resolution
                Time” means 1:00 p.m. New York time on the Local Business
                Day following the date on which the notice of the dispute is given
                under
                Paragraph 5.

            

    

     

    
      	
              (ii)        
                 

            	
              Value.  Notwithstanding
                anything to the contrary in Paragraph 12, for the purpose of Paragraphs
                5(i)(C) and 5(ii), the S&P Value and Moody’s Value, , on any date, of
                Eligible Collateral will be calculated as
                follows:

            

    

     

    For
      Eligible Collateral other than Cash set forth in Table 1: the sum of (A) the
      product of (1)(x) the bid price at the Valuation Time for such securities on
      the
      principal national securities exchange on which such securities are listed,
      or
      (y) if such securities are not listed on a national securities exchange, the
      bid
      price for such securities quoted at the Valuation Time by any principal market
      maker for such securities selected by the Valuation Agent, or (z) if no such
      bid
      price is listed or quoted for such date, the bid price listed or quoted (as
      the
      case may be) at the Valuation Time for the day next preceding such date on
      which
      such prices were available and (2) the applicable Valuation Percentage for
      such
      Eligible Collateral, and (B) the accrued interest on such securities (except
      to
      the extent Transferred to the Pledgor pursuant to Paragraph 6(d)(ii) or included
      in the applicable price referred to in the immediately preceding clause (A))
      as
      of such date.

     

    For
      Cash,
      the amount thereof multiplied, in the case of the S&P Value, by the
      applicable S&P Valuation Percentage.

     

    
      	
              (iii)       
                  

            	
              Alternative.  The
                provisions of Paragraph 5 will
                apply.

            

    

     

    
      	
              (g)  

            	
              Holding
                and Using Posted
                Collateral.

            

    

     

    
      	
              (i)          
                 

            	
              Eligibility
                to Hold Posted Collateral; Custodians. Party B (or any
                Custodian) will be entitled to hold Posted Collateral pursuant to
                Paragraph 6(b).

            

    

     

    Party
      B
      may appoint as Custodian (A) the entity then serving as the Trustee or (B)
      any
      entity other than the entity then serving as the Trustee if such other entity
      (or, to the extent applicable, its parent company or credit support provider)
      shall then have credit ratings from S&P at least equal to the Custodian
      Required Rating Threshold.  If at any time the Custodian does not have
      credit ratings from S&P at least equal to the Custodian Required Rating
      Threshold, the Trustee must within 60 days obtain a replacement Custodian with
      credit ratings from S&P at least equal to the Custodian Required Rating
      Threshold.

     

    Initially,
      the Custodian for Party B is: The Trustee.

     

    
      	
              (ii)        
                  

            	
              Use
                of Posted Collateral. The
                provisions of
                Paragraph 6(c) will not apply to Party B or its Custodian; provided,
                however, that if Party A delivers Posted Collateral in book-entry
                form,
                then Paragraph 6(c)(ii) will apply to Party B and its Custodian,
                and Party
                B and its Custodian shall have the rights specified in Paragraph
                6(c)(ii).

            

    

     

    
      	
              (h)  

            	
              Distributions
                and Interest Amount.

            

    

     

    
      	
              (i)     
                      

            	
              Interest
                Rate.  The “Interest
                Rate” will be the actual interest rate earned on Posted
                Collateral in the form of Cash that is held by Party B or its
                Custodian.  Posted Collateral in the form of Cash shall be
                invested in such overnight (or redeemable within two Local Business
                Days
                of demand) Permitted Investments rated at least (x) AAAm or AAAm-G
                by
                S&P and (y) Prime-1 by Moody’s or Aaa by Moody’s as directed by Party
                A (unless (x) an Event of Default or an Additional Termination Event
                has
                occurred with respect to which Party A is the defaulting or sole
                Affected
                Party or (y) an Early Termination Date has been designated, in which
                case
                such Posted Collateral shall be held uninvested).  Gains and
                losses incurred in respect of any investment of Posted Collateral
                in the
                form of Cash in Permitted Investments as directed by Party A shall
                be for
                the account of Party A.

            

    

     

    
      	
              (ii)   
                        

            	
              Transfer
                of Interest Amount. The Transfer of the Interest Amount will
                be made on the second Local Business Day following the end of each
                calendar month and on any other Local Business Day on which Posted
                Collateral in the form of Cash is Transferred to the Pledgor pursuant
                to
                Paragraph 3(b); provided, however, that the obligation of Party B
                to
                Transfer any Interest Amount to Party A shall be limited to the extent
                that Party B has earned and received such funds and such funds are
                available to Party B.  The last sentence of Paragraph 6(d)(ii)
                is hereby amended by adding the words “actually received by Party B but”
                after the words “Interest Amount or portion
                thereof”.

            

    

     

    
      	
              (iii)        
                 

            	
              Alternative
                to Interest Amount. The provisions of Paragraph 6(d)(ii) (as
                amended herein) will apply.

            

    

     

    (iv)           Distributions.  Paragraph
      6(d)(i) shall be deleted in its entirety and replaced with the
      following:

     

    “Distributions.  Subject
      to Paragraph 4(a), if Party B receives Distributions on a Local Business Day,
      it
      will Transfer to Party A not later than the following Local Business Day any
      Distributions it receives to the extent that a Delivery Amount would not be
      created or increased by that Transfer, as calculated by the Valuation Agent
      (and
      the date of calculation will be deemed to be a Valuation Date for this
      purpose).”

     

    
      	
              (i)  

            	
              Additional
                Representation(s).  There are no additional
                representations by either party.

            

    

     

    
      	
              (j)  

            	
              Other
                Eligible Support and Other Posted
                Support.

            

    

     

    
      	
              (i)         
                  

            	
              “Value”
                with respect to Other Eligible Support and Other Posted Support means:
                not
                applicable.

            

    

     

    
      	
              (ii)        
                  

            	
              “Transfer”
                with respect to Other Eligible Support and Other Posted Support means:
                not
                applicable.

            

    

     

    
      	
              (k)  

            	
              Demands
                and Notices.All demands, specifications and notices under
                this Annex will be made pursuant to the Notices Section of this Agreement,
                except that any demand, specification or notice shall be given to
                or made
                at the following addresses, or at such other address as the relevant
                party
                may from time to time designate by giving notice (in accordance with
                the
                terms of this paragraph) to the other
                party:

            

    

     

    If
      to
      Party A:

     

    The
      Bank
      of New York

    Collateral
      Management

    32
      Old
      Slip, 16th Floor

    New
      York,
      New York 10286

    Phone:  (212)
      804-5158

    Fax:    (212)
      804-5818

     

    If
      to
      Party B, at the address specified pursuant to the Notices Section of this
      Agreement.

     

    If
      to
      Party B’s Custodian:

    

    Wells
      Fargo Bank, N.A.

    9062
      Old
      Annapolis Road

    Columbia,
      MD 21045

    Attn:
      Client Manger, Soundview 2007-OPT2

    Phone:
      410-884-2000

    Facsimile:
      410-715-2380

    

    
      	
              (l)  

            	
              Address
                for Transfers.  Each Transfer hereunder shall be
                made to the address specified below or to an address specified in
                writing
                from time to time by the party to which such Transfer will be
                made.

            

    

     

    Party
      A
      account details for holding collateral:  To be notified to Party B to
      Party A at the time of the request for the transfer.

     

    Party
      B’s
      Custodian account details for holding collateral:

    

    Wells
      Fargo Bank, N.A.

    ABA
      No.
      121 000 248

    Account
      Name: SAS Clearing

    Account
      No.: 3970771416

    FFC
      to:
      ________________

    

    
      	
              (m)  

            	
              Other
                Provisions.

            

    

     

    
      	
              (i)         
                  

            	
              Collateral
                Account.  Party B shall open and maintain a
                segregated account, and hold, record and identify all Posted Collateral
                in
                such segregated account.

            

    

     

    
      	
              (ii)        
                  

            	
              Agreement
                as to Single Secured Party and Single Pledgor. Party A and
                Party B hereby agree that, notwithstanding anything to the contrary
                in
                this Annex, (a) the term “Secured Party” as used in this Annex means only
                Party B, (b) the term “Pledgor” as used in this Annex means only Party A,
                (c) only Party A makes the pledge and grant in Paragraph 2, the
                acknowledgement in the final sentence of Paragraph 8(a) and the
                representations in Paragraph 9.

            

    

     

    
      	
              (iii)        
                  

            	
              Calculation
                of Value.  Paragraph 4(c) is hereby amended by
                deleting the word “Value” and inserting in lieu thereof “S&P Value
                Moody’s Value”.  Paragraph 4(d)(ii) is hereby amended by (A)
                deleting the words “a Value” and inserting in lieu thereof “an S&P
                Value, and a Moody’s Value,” and (B) deleting the words “the Value” and
                inserting in lieu thereof “S&P Value and Moody’s
                Value”.  Paragraph 5 (flush language) is hereby amended by
                deleting the word “Value” and inserting in lieu thereof “S&P Value, or
                Moody’s Value”.  Paragraph 5(i) (flush language) is hereby
                amended by deleting the word “Value” and inserting in lieu thereof
                “S&P Value, and Moody’s Value”.  Paragraph 5(i)(C) is hereby
                amended by deleting the word “the Value, if” and inserting in lieu thereof
                “any one or more of the S&P Value, or Moody’s Value, as may
                be”.  Paragraph 5(ii) is hereby amended by (1) deleting the
                first instance of the words “the Value” and inserting in lieu thereof “any
                one or more of the S&P Value, or Moody’s Value” and (2) deleting the
                second instance of the words “the Value” and inserting in lieu thereof
                “such disputed S&P Value, or Moody’s Value”.  Each of
                Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended by deleting
                the word “Value” and inserting in lieu thereof “least of the S&P
                Value, and Moody’s Value”.

            

    

     

    
      	
              (iv)       
                  

            	
              Form
                of Annex. Party A and Party B hereby
                agree that the text of Paragraphs 1 through 12, inclusive, of this
                Annex
                is intended to be the printed form of ISDA Credit Support Annex (Bilateral
                Form - ISDA Agreements Subject to New York Law Only version) as published
                and copyrighted in 1994 by the International Swaps and Derivatives
                Association, Inc.

            

    

     

    
      	
              (v)        
                  

            	
              Events
                of Default.  Paragraph 7 will not apply to cause
                any Event of Default to exist with respect to Party B except that
                Paragraph 7(i) will apply to Party B solely in respect of Party B’s
                obligations under Paragraph 3(b) of the Credit Support
                Annex.  Notwithstanding anything to the contrary in Paragraph 7,
                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
                only be an Event of Default if a Moody’s Second Trigger Downgrade Event
                has occurred and is continuing and at least 30 Local Business Days
                have
                elapsed since such Moody’s Second Trigger Downgrade Event first
                occurred.

            

    

     

    
      	
              (vi)       
                  

            	
              Expenses.  Notwithstanding
                anything to the contrary in Paragraph 10, the Pledgor will be responsible
                for, and will reimburse the Secured Party for, all transfer
                and other taxes
                and
                other costs involved in maintenance
                and any Transfer
                of Eligible
                Collateral.

            

    

     

    
      	
              (vii)      
                  

            	
              Withholding.  Paragraph
                6(d)(ii) is
                hereby amended by inserting immediately after “the Interest
                Amount” in the fourth
                line
                thereof  the words “less any applicable
                withholding
                taxes.”

            

    

     

    (viii)         Additional
      Definitions.  As used in this Annex:

     

    “Custodian
      Required Rating
      Threshold”
      means, with respect to an entity, 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+”.

     

    “DV01”
      means, with respect to a Transaction
      and any date of determination, the estimated change in the Secured Party’s
      Transaction Exposure with respect to
      such Transaction that would result from a one basis point change in the relevant
      swap curve on such date, as determined by the Valuation Agent in good faith
      and
      in a commercially reasonable manner in accordance
      with the relevant methodology
      customarily used by the Valuation Agent.  The Valuation Agent shall,
      upon request of Party B, provide to Party B a statement showing in reasonable
      detail such calculation.

     

    “Exposure” has
      the meaning specified in
      Paragraph 12, except that
      (1) after the word “Agreement”
      the words “(assuming, for this purpose
      only, that
      Part 1(f)(i)(A)-(E) of the Schedule is deleted)” shall be inserted and
      (2) at the end of
      the definition of Exposure, the words “with terms that are,
      in all
      material respects, no less
      beneficial for Party B than those of this Agreement” shall be added.

     

     “Local
      Business Day” means, for purposes of this Annex: any day on which
      (A) commercial banks are open for business (including dealings in foreign
      exchange and foreign currency deposits) in New York and the location of Party
      A,
      Party B and any Custodian, and (B) in relation to a Transfer of Eligible
      Collateral, any day on which the clearance system agreed between the parties
      for
      the delivery of Eligible Collateral is open for acceptance and execution of
      settlement instructions (or in the case of a Transfer of Cash or other Eligible
      Collateral for which delivery is contemplated by other means a day on which
      commercial banks are open for business (including dealings in foreign exchange
      and foreign deposits) in New York and the location of Party A, Party B and
      any
      Custodian.

     

    “Moody’s
      Credit Support Amount” means, for any Valuation Date:

     

    
      	
               

            	
              (A)

            	
              if
                the Moody’s Threshold for such Valuation Date is zero and (i) it is not
                the case that a Moody’s Second Trigger Downgrade Event has occurred and is
                continuing or (ii) a Moody’s Second Trigger Downgrade Event has occurred
                and is continuing and less than 30 Local Business Days have elapsed
                since
                such Moody’s Second Trigger Downgrade Event first occurred, an amount
                equal to the greater of (x) zero and (y) the sum of the Secured Party’s
                Exposure and the aggregate of Moody’s First Trigger Additional Amounts for
                all Transactions and such Valuation
                Date;

            

    

     

    
      	
               

            	
              (B)

            	
              if
                the Moody’s Threshold for such Valuation Date is zero and a Moody’s Second
                Trigger Downgrade Event has occurred and is continuing and at least
                30
                Local Business Days have elapsed since such Moody’s Second Trigger
                Downgrade Event first occurred, an amount equal to the greatest of
                (x)
                zero, (y) the aggregate amount of the Next Payments for all Next
                Payment
                Dates, and (z) the sum of the Secured Party’s Exposure and the aggregate
                of Moody’s Second Trigger Additional Amounts for all Transactions and such
                Valuation Date; or

            

    

     

    (C)           if
      the Moody’s Threshold for such Valuation Date is infinity, zero.

     

    “Moody’s
      First Trigger Additional Amount” means, for any Valuation Date and
      any Transaction, the least of (x) the product of the Moody’s First Trigger DV01
      Multiplier and DV01 for such Transaction and such Valuation Date, (y) the
      product of (i) Moody’s First Trigger Notional Amount Multiplier, (ii) the Scale
      Factor, if any, for such Transaction, or, if no Scale Factor is applicable
      for
      such Transaction, one, and (iii) the Notional Amount for such Transaction for
      the Calculation Period for such Transaction (each as defined in the related
      Confirmation) which includes such Valuation Date, and (z) the product of (i)
      the
      applicable Moody’s First Trigger Factor set forth in Table 2A, (ii) the Scale
      Factor, if any, for such Transaction, or, if no Scale Factor is applicable
      for
      such Transaction, one, and (iii) the Notional Amount for such Transaction for
      the Calculation Period for such Transaction (each as defined in the related
      Confirmation) which includes such Valuation Date.

     

    “Moody’s
      First Trigger Downgrade 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 DV01 Multiplier” means 15.

     

    “Moody’s
      First Trigger Notional Amount Multiplier” means 2%.

     

    “Moody’s
      First Trigger Value” means, on any date and with respect to any
      Eligible Collateral other than Cash, the bid price obtained by the Valuation
      Agent multiplied by the Moody’s First Trigger Valuation Percentage for such
      Eligible Collateral set forth in Table 1A, Column A.

     

    “Moody’s
      Second Trigger Additional Amount” means, for any Valuation Date
      and any Transaction,

     

    
      	
               

            	
              (A)

            	
              if
                such Transaction is not a Transaction-Specific Hedge, the least of
                (i) the
                product of the Moody’s Second Trigger DV01 Multiplier and DV01 for such
                Transaction and such Valuation Date, (ii) the product of (1) the
                Moody’s
                Second Trigger Notional Amount Multiplier, (2) the Scale Factor,
                if any,
                for such Transaction, or, if no Scale Factor is applicable for such
                Transaction, one, and (3) the Notional Amount for such Transaction
                for the
                Calculation Period of such Transaction (each as defined in the related
                Confirmation) which includes such Valuation Date, and (iii) the product
                of
                (1) the applicable Moody’s Second Trigger Factor set forth in Table 2C,
                (2) the Scale Factor, if any, for such Transaction, or, if no Scale
                Factor
                is applicable for such Transaction, one, and (3) the Notional Amount
                for
                such Transaction for the Calculation Period for such Transaction
                (each as
                defined in the related Confirmation) which includes such Valuation
                Date;
                or

            

    

     

    
      	
               

            	
              (B)

            	
              if
                such Transaction is a Transaction-Specific Hedge, the least of (i)
                the
                product of the Moody’s Second Trigger Transaction-Specific Hedge DV01
                Multiplier and DV01 for such Transaction and such Valuation Date,
                (ii) the
                product of (1) the Moody’s Second Trigger Transaction-Specific Hedge
                Notional Amount Multiplier, (2) the Scale Factor, if any, for such
                Transaction, or, if no Scale Factor is applicable for such Transaction,
                one, and (3) the Notional Amount for such Transaction for the Calculation
                Period for such Transaction (each as defined in the related Confirmation)
                which includes such Valuation Date, and (iii) the product of (1)
                the
                applicable Moody’s Second Trigger Factor set forth in Table 2B, (2) the
                Scale Factor, if any, for such Transaction, or, if no Scale Factor
                is
                applicable for such Transaction, one, and (3) the Notional Amount
                for such
                Transaction for the Calculation Period for such Transaction (each
                as
                defined in the related Confirmation) which includes such Valuation
                Date.

            

    

     

    “Moody’s
      Second Trigger DV01 Multiplier” means 50.

     

    “Moody’s
      Second Trigger Notional Amount Multiplier” means 8%.

     

    “Moody’s
      Second Trigger Transaction-Specific Hedge DV01 Multiplier” means
      65.

     

    “Moody’s
      Second Trigger Transaction-Specific Hedge Notional Amount
      Multiplier” means 10%.

     

    “Moody’s
      Valuation Percentage” means, with respect to a Valuation Date and
      each item of Eligible Collateral,

     

    
      	
               

            	
              (A)

            	
              if
                the Moody’s Threshold for such Valuation Date is zero and (i) it is not
                the case that a Moody’s Second Trigger Downgrade Event has occurred and is
                continuing or (ii) a Moody’s Second Trigger Downgrade Event has occurred
                and is continuing and less than 30 Local Business Days have elapsed
                since
                such Moody’s Second Trigger Downgrade Event first occurred, the
                corresponding percentage for such Eligible Collateral in Table 1A,
                Column
                A, or

            

    

     

    
      	
               

            	
              (B)

            	
              if
                a Moody’s Second Trigger Downgrade Event has occurred and is continuing
                and at least 30 Local Business Days have elapsed since such Moody’s Second
                Trigger Downgrade Event first occurred, the corresponding percentage
                for
                such Eligible Collateral in Table 1A, Column
                B.

            

    

     

    “Moody’s
      Value” means, on any date and with respect to any Eligible
      Collateral the product of (x) the bid price obtained by the Valuation Agent
      and
      (y) the applicable Moody’s Valuation Percentage
      set forth in Table 1A.

     

    “Next
      Payment” means, in respect of each Next Payment Date, the greater
      of (i) the aggregate amount of any payments due to be made by Party A under
      Section 2(a) on such Next Payment Date less the aggregate amount of any payments
      due to be made by Party B under Section 2(a) on such Next Payment Date (any
      such
      payments determined based on rates prevailing the date of determination) and
      (ii) zero.

     

    “Next
      Payment Date” means each date on which the next scheduled payment
      under any Transaction is due to be paid.

     

    “Pricing
      Sources” means the sources of financial information commonly known
      as Bloomberg, Bridge Information Services, Data Resources Inc., Interactive
      Data
      Services, International Securities Market Association, Merrill Lynch Securities
      Pricing Service, Muller Data Corporation, Reuters, Wood Gundy, Trepp Pricing,
      JJ
      Kenny, S&P and Telerate.

     

    “Remaining
      Weighted Average Maturity” means, with respect to a
      Transaction, the expected weighted average maturity for such Transaction as
      determined by the Valuation Agent.

     

    “S&P
      Approved Ratings Downgrade Event” means that no Relevant Entity
      has credit ratings from S&P at least equal to the S&P Approved Ratings
      Threshold.

     

    “S&P
      Credit Support Amount” means, for any Valuation Date:

     

    
      	
               

            	
              (A)

            	
              if
                the S&P Threshold for such Valuation Date is zero and it is not the
                case that an S&P Required Ratings Downgrade Event has occurred and
                been continuing for at least 10 Local Business Days, an amount equal
                to
                the Secured Party’s Exposure;

            

    

     

    
      	
               

            	
              (B)

            	
              if
                the S&P Threshold for such Valuation Date is zero and it is the case
                that an S&P Required Ratings Downgrade Event has occurred and been
                continuing for at least 10 Local Business Days, an amount equal to
                125% of
                the Secured Party’s Exposure; or

            

    

     

    (C)           if
      the S&P Threshold for such Valuation Date is infinity, zero.

     

    “S&P
      Valuation Percentage” means, with respect to a Valuation Date and
      each item of Eligible Collateral,

     

    
      	
               

            	
              (A)

            	
              if
                the S&P Threshold for such Valuation Date is zero and it is not the
                case that a S&P Required Ratings Downgrade Event has occurred and been
                continuing for at least 10 Local Business Days, the corresponding
                percentage for such Eligible Collateral in Table 1B, Column A,
                or

            

    

     

    
      	
               

            	
              (B)

            	
              if
                an S&P Required Ratings Downgrade Event has occurred and been
                continuing for at least 10 Local Business Days, the corresponding
                percentage for such Eligible Collateral in Table 1B, Column
                B.

            

    

     

    “S&P
      Value” means, on any date and with respect to any Eligible
      Collateral, (A) in the case of Eligible Collateral other than Cash, the product
      of (x) the bid price obtained by the Valuation Agent for such Eligible
      Collateral and (y) the applicable S&P Valuation Percentage for such Eligible
      Collateral set forth in Table 1B and (B) in the case of Cash, the amount
      thereof  multiplied by the applicable S&P Valuation
      Percentage.

     

    “Transaction
      Exposure” means, for any Transaction, Exposure determined as if
      such Transaction were the only Transaction between the Secured Party and the
      Pledgor.

     

    “Transaction-Specific
      Hedge” means any
      Transaction that is (i) an interest rate swap in respect of which (x) the
      notional amount of the interest rate swap is “balance guaranteed” or (y) the
      notional amount of the interest rate swap for any Calculation Period (as defined
      in the related Confirmation) otherwise is not a specific dollar amount that
      is
      fixed at the inception of the Transaction, (ii) an interest rate cap, (iii)
      an
      interest rate floor or (iv) an interest rate swaption.

     

    “Valuation
      Percentage” shall mean, for purposes of determining the S&P
      Value, Moody’s Value, Fitch Value, or DBRS Value with respect to any Eligible
      Collateral or Posted Collateral, the applicable S&P Valuation Percentage or
      Moody’s Valuation Percentage for such Eligible Collateral or Posted Collateral,
      respectively, in each case as set forth in Table 1.

     

    “Value”
      shall mean, in respect of any date, the related S&P Value, and the related
      Moody’s Value.

     

    [Remainder
      of this page intentionally left blank]

     

     

    IN
      WITNESS WHEREOF, the parties have
      executed this Annex by their duly authorized representatives as of the date
      of
      the Agreement.

     

    
      	
              The
                Bank of New York 

            	 	
              
                Wells
                  Fargo Bank, N.A., not in its individual capacity, but solely as
                  Trustee on
                  behalf of the Soundview Mortgage Loan Trust 2007-OPT2, Asset-Backed
                  Certificates, Series 2007-OPT2

              

            	 
	 	 	 	 	 	 
	By:	
              /s/

            	 	By:	
            	 
	 	
              Name:

            	 	 	
              Name:

            	 
	 	
              Title:

            	 	 	
              Title:

            	 
	 	
              Date:

            	 	 	
              Date:

            	 

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Table
      1A

    Eligible
      Collateral

    Moody’s

     

    Valuation
      Date (and Valuation Percentage column):  Daily

     

    Moody’s
      Valuation Percentage columns:

    *
      Column
      A sets out the percentage applicable when the percentage in Column B is not
      applicable.

    *
      Column
      B sets out the percentage applicable when a Moody’s Second Trigger Downgrade
      Event has occurred and is continuing and at least 30 Local Business Days have
      elapsed since such Moody’s Second Trigger Downgrade Event first
      occurred.

     

    
      	
              Eligible
                Collateral & Valuation Percentages (Moody’s )

            
	 	 	
              Valuation
                Percentage

            	
              Valuation
                Percentage

            
	 	 	
              Moody’s
                (Daily)

            	
              Moody’s
                (Weekly)

            
	
              A

            	
              B

            	
              A

            	
              B

            
	
              (A)

            	
              Cash:  U.S.
                Dollars in depositary account form

            	
              100%

            	
              100

            	
              100%

            	
              100%

            
	
              (B)

            	
              Floating-rate
                U.S. Treasury Securities:  Floating-rate negotiable debt
                obligations issued by the U.S. Treasury Department after July 18,
                1984
                (“Floating-rate Treasuries”) (all maturities).

            	
              100%

            	
              99%

            	
              100%

            	
              99%

            
	
              (C)

            	
              U.S.
                Treasury Securities:  Fixed-rate negotiable debt
                obligations issued by the U.S. Treasury Department after July 18,
                1984
                (“Fixed-rate Treasuries”) having a remaining maturity of up to
                and not more than 1 year.

            	
              100%

            	
              100%

            	
              100%

            	
              100%

            
	
              (D)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 1 year but
                not more
                than 2 years.

            	
              100%

            	
              99%

            	
              100%

            	
              99%

            
	
              (E)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 2 years but
                not
                more than 3 years.

            	
              100%

            	
              98%

            	
              100%

            	
              98%

            
	
              (F)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 3 years but
                not
                more than 5 years.

            	
              100%

            	
              97%

            	
              100%

            	
              97%

            
	
              (G)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 5 years but
                not
                more than 7 years.

            	
              100%

            	
              96%

            	
              100%

            	
              95%

            
	
              (H)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 7 years but
                not
                more than 10 years.

            	
              100%

            	
              94%

            	
              100%

            	
              94%

            
	
              (I)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 10 years but
                not
                more than 20 years.

            	
              100%

            	
              90%

            	
              100%

            	
              89%

            
	
              (J)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 20 years but
                not
                more than 30 years.

            	
              100%

            	
              88%

            	
              100%

            	
              87%

            
	
              (K)

            	
              Floating-rate
                Agency Securities:  Floating-rate negotiable debt
                obligations of the Federal National Mortgage Association (FNMA),
                Federal
                Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Banks (FHLB),
                Federal Farm Credit Banks (FFCB), Tennessee Valley Authority (TVA)
                (collectively, “Floating-rate Agency Securities”) (all
                maturities).

            	
              100%

            	
              98%

            	
              100%

            	
              98%

            
	
              (L)

            	
              Fixed-rate
                Agency Securities: Fixed-rate negotiable debt obligations of the
                Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage
                Corporation (FHLMC), Federal Home Loan Banks (FHLB), Federal Farm
                Credit
                Banks (FFCB), Tennessee Valley Authority (TVA) (collectively,
                “Fixed-rate Agency Securities”) issued after July 18, 1984 and
                having a remaining maturity of not more than 1 year.

            	
              100%

            	
              99%

            	
              100%

            	
              99%

            
	
              (M)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 1 year
                but
                not more than 2 years.

            	
              100%

            	
              99%

            	
              100%

            	
              98%

            
	
              (N)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 2 years
                but
                not more than 3 years.

            	
              100%

            	
              98%

            	
              100%

            	
              97%

            
	
              (O)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 3 years
                but
                not more than 5 years.

            	
              100%

            	
              96%

            	
              100%

            	
              96%

            
	
              (P)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 5 years
                but
                not more than 7 years.

            	
              100%

            	
              93%

            	
              100%

            	
              94%

            
	
              (Q)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 7 years
                but
                not more than 10 years.

            	
              100%

            	
              93%

            	
              100%

            	
              93%

            
	
              (R)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 10
                years but
                not more than 20 years.

            	
              100%

            	
              89%

            	
              100%

            	
              88%

            
	
              (S)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 20
                years but
                not more than 30 years.

            	
              100%

            	
              87%

            	
              100%

            	
              86%

            
	
              (T)

            	
              FHLMC
                Certificates. Mortgage participation certificates issued by FHLMC
                evidencing undivided interests or participations in pools of first
                lien
                conventional or FHA/VA residential mortgages or deeds of trust, guaranteed
                by FHLMC, issued after July 18, 1984 and having a remaining maturity
                of
                not more than 30 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (U)

            	
              FNMA
                Certificates. Mortgage-backed pass-through certificates issued by
                FNMA evidencing undivided interests in pools of first lien mortgages
                or
                deeds of trust on residential properties, guaranteed by FNMA, issued
                after
                July 18, 1984 and having a remaining maturity of not more than 30
                years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (V)

            	
              GNMA
                Certificates. Mortgage-backed pass-through certificates issued by
                private entities, evidencing undivided interests in pools of first
                lien
                mortgages or deeds of trust on single family residences, guaranteed
                by the
                Government National Mortgage Association (GNMA) with the full faith
                and
                credit of the United States, issued after July 18, 1984 and having
                a
                remaining maturity of not more than 30 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (W)

            	
              Commercial
                Mortgage-Backed Securities. Floating rate commercial mortgage-backed
                securities rated AAA by two major rating agencies (including S&P if
                S&P is a Rating Agency hereunder) with a minimum par or face amount
                of
                $250 million (excluding securities issued under Rule 144A)
                (“Commercial Mortgage-Backed Securities”) having a remaining
                maturity of not more than 5 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (X)

            	
              Commercial
                Mortgage-Backed Securities having a remaining maturity of more than
                5
                years and not more than 10 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (Y)

            	
              Commercial
                Mortgage-Backed Securities having a remaining maturity of more than
                10
                years.

            	
               

            	
               

            	
              *

            	
              *

            
	
              (Z)

            	
              Commercial
                Paper. Commercial Paper with a rating of at least P-1 by Moody’s and
                at least A-1+ by S&P and having a remaining maturity of not more than
                30 days.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (AA)

            	
              Other
                Items of Credit Support approved by the Rating Agencies to the extent
                the
                Certificates or any Notes are rated.

            	
              *

            	
              *

            	
              *

            	
              *

            

    

     

    *
      zero or
      such higher percentage in respect of which Moody’s has delivered a ratings
      affirmation.

     

    Table
      1B

    Eligible
      Collateral

    S&P

     

    Valuation
      Date (and Valuation Percentage column):  Daily

    S&P
      Valuation Percentage columns:

    *
      Column
      A sets out the percentage applicable when the percentage in Column B is not
      applicable.

    *
      Column
      B sets out the percentage applicable when an S&P Required Ratings Downgrade
      Event has occurred and is continuing for at least 10 Local Business
      Days.

     

    
      	
              Eligible
                Collateral & Valuation Percentages (S&P)

            
	 	
              Valuation
                Percentage

            	
              Valuation
                Percentage

            
	 	
              S&P
                (Daily)

            	
              S&P
                (Weekly)

            
	
              A

            	
              B

            	
              A

            	
              B

            
	
              (A)

            	
              Cash:  U.S.
                Dollars in depositary account form

            	
              100%

            	
              80%

            	
              100%

            	
              80%

            
	
              (B)

            	
              Floating-rate
                U.S. Treasury Securities:  Floating-rate negotiable debt
                obligations issued by the U.S. Treasury Department after July 18,
                1984
                (“Floating Rate Treasuries”) (all maturities).

            	
              n/a

            	
              n/a

            	
              n/a

            	
              n/a

            
	
              (C)

            	
              Fixed-rate
                U.S. Treasury Securities:  Fixed-rate negotiable debt
                obligations issued by the U.S. Treasury Department after July 18,
                1984
                (“Fixed-rate Treasuries”) having a remaining maturity of up to
                and not more than 1 year.

            	
              98.9%

            	
              79.1%

            	
              98%

            	
              78.4%

            
	
              (D)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 1 year but
                not more
                than 2 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (E)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 2 years but
                not
                more than 3 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (F)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 3 years but
                not
                more than 5 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (G)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 5 years but
                not
                more than 7 years.

            	
              93.7%

            	
              75.0%

            	
              92.6%

            	
              74.1%

            
	
              (H)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 7 years but
                not
                more than 10 years.

            	
              92.6%

            	
              74.1%

            	
              92.6%

            	
              74.1%

            
	
              (I)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 10 years but
                not
                more than 20 years.

            	
              91.1%

            	
              72.9%

            	
              87.9%

            	
              70.3%

            
	
              (J)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 20 years but
                not
                more than 30 years.

            	
              88.6%

            	
              70.9%

            	
              84.6%

            	
              67.7%

            
	
              (K)

            	
              Floating-rate
                Agency Securities:  Floating-rate negotiable debt
                obligations of the Federal National Mortgage Association (FNMA),
                Federal
                Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Banks (FHLB),
                Federal Farm Credit Banks (FFCB), Tennessee Valley Authority (TVA)
                (collectively, “Floating-rate Agency Securities”) (all
                maturities).

            	
              n/a

            	
              n/a

            	
              n/a

            	
              n/a

            
	
              (L)

            	
              Fixed-rate
                Agency Securities: fixed-rate negotiable debt obligations of the
                Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage
                Corporation (FHLMC), Federal Home Loan Banks (FHLB), Federal Farm
                Credit
                Banks (FFCB), Tennessee Valley Authority (TVA) (collectively,
                “Fixed-rate Agency Securities”) issued after July 18, 1984 and
                having a remaining maturity of not more than 1 year.

            	
              98.5%

            	
              78.8%

            	
              98%

            	
              78.4%

            
	
              (M)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 1 year
                but
                not more than 2 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (N)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 2 years
                but
                not more than 3 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (O)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 3 years
                but
                not more than 5 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (P)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 5 years
                but
                not more than 7 years.

            	
              92.6%

            	
              74.1%

            	
              92.6%

            	
              74.1%

            
	
              (Q)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 7 years
                but
                not more than 10 years.

            	
              92.6%

            	
              74.1%

            	
              92.6%

            	
              74.1%

            
	
              (R)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 10
                years but
                not more than 20 years.

            	
              87.7%

            	
              70.2%

            	
              82.6%

            	
              66.1%

            
	
              (S)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 20
                years but
                not more than 30 years.

            	
              84.4%

            	
              67.5%

            	
              77.9%

            	
              62.3%

            
	
              (T)

            	
              FHLMC
                Certificates. Mortgage participation certificates issued by FHLMC
                evidencing undivided interests or participations in pools of first
                lien
                conventional or FHA/VA residential mortgages or deeds of trust, guaranteed
                by FHLMC, issued after July 18, 1984 and having a remaining maturity
                of
                not more than 30 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (U)

            	
              FNMA
                Certificates. Mortgage-backed pass-through certificates issued by
                FNMA evidencing undivided interests in pools of first lien mortgages
                or
                deeds of trust on residential properties, guaranteed by FNMA, issued
                after
                July 18, 1984 and having a remaining maturity of not more than 30
                years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (V)

            	
              GNMA
                Certificates. Mortgage-backed pass-through certificates issued by
                private entities, evidencing undivided interests in pools of first
                lien
                mortgages or deeds of trust on single family residences, guaranteed
                by the
                Government National Mortgage Association (GNMA) with the full faith
                and
                credit of the United States, issued after July 18, 1984 and having
                a
                remaining maturity of not more than 30 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (W)

            	
              Commercial
                Mortgage-Backed Securities. Floating rate commercial mortgage-backed
                securities rated AAA by two major rating agencies (including S&P if
                S&P is a Rating Agency hereunder) with a minimum par or face amount
                of
                $250 million (excluding securities issued under Rule 144A)
                (“Commercial Mortgage-Backed Securities”) having a remaining
                maturity of not more than 5 years.

            	
              *

            	
              *

            	
              95.2%

            	
              76.2%

            
	
              (X)

            	
              Commercial
                Mortgage-Backed Securities having a remaining maturity of more than
                5
                years and not more than 10 years.

            	
              *

            	
              *

            	
              87.0%

            	
              69.6%

            
	
              (Y)

            	
              Commercial
                Mortgage-Backed Securities having a remaining maturity of more than
                10
                years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (Z)

            	
              Commercial
                Paper. Commercial Paper with a rating of at least P-1 by Moody’s and
                at least A-1+ by S&P and having a remaining maturity of not more than
                30 days.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (AA)

            	
              Other
                Items of Credit Support approved by the Rating Agencies to the extent
                the
                Certificates or any Notes are rated.

            	
              *

            	
              *

            	
              *

            	
              *

            

    

     

    *
      to be
      completed with valuation percentages supplied or published by
      S&P.

     

     

    In
      addition to the foregoing, the
      following will constitute
      Eligible Collateral, at the valuation percentages indicated (weekly valuation
      basis) or to be supplied or as published by S&P (daily valuation
      basis):

     

    
      	
              Other
                Eligible Collateral and Valuation Percentages (S&P)

            
	
              Eligible
                Collateral

              (Cash
                and Securities)

            	
              Valuation
                Percentage

              (Daily)

              A

            	
              Valuation
                Percentage

              (Daily)

              B

            	
              Valuation
                Percentage

              (Weekly)

              A

            	
              Valuation
                Percentage

              (weekly)

              B

            
	
              Cash

            	
              100%

            	
              80%

            	
              100%

            	
              80%

            
	
              Category
                No. 1: U.S. treasuries (current coupon, constant maturity), 'AAA'
                U.S.
                agencies, 'AAA' covered bonds (floating), 'AAA' sovereign bonds
                (floating), 'AAA', 'AA' credit card ABS (floating), 'AAA', 'AA' auto
                ABS
                (floating), and 'AAA' U.S. student loan ABS (floating) having a remaining
                maturity of less than five years

            	
              *

            	
              *

            	
              98%

            	
              78.4%

            
	
              Category
                No. 1: U.S. treasuries (current coupon, constant maturity), 'AAA'
                U.S.
                agencies, 'AAA' covered bonds (floating), 'AAA' sovereign bonds
                (floating), 'AAA', 'AA' credit card ABS (floating), 'AAA', 'AA' auto
                ABS
                (floating), and 'AAA' U.S. student loan ABS (floating) having a remaining
                maturity of greater than or equal to five years and less than or
                equal to
                10 years

            	
              *

            	
              *

            	
              92%

            	
              74.1%

            
	
              Category
                No. 2: 'AAA' covered bonds (fixed), 'AAA' sovereign bonds (fixed),
                'A'
                credit card ABS (floating), 'A' auto ABS (floating), 'AAA' CMBS
                (floating), 'AAA' CDO (floating) 'AA', 'A' U.S. student loan ABS
                (floating), and 'AAA, 'AA' corporate bonds (fixed or floating) having
                a
                remaining maturity of less than five years

            	
              *

            	
              *

            	
              95%

            	
              76%

            
	
              Category
                No. 2: 'AAA' covered bonds (fixed), 'AAA' sovereign bonds (fixed),
                'A'
                credit card ABS (floating), 'A' auto ABS (floating), 'AAA' CMBS
                (floating), 'AAA' CDO (floating), 'AA', 'A' U.S. student loan ABS
                (floating), and 'AAA', 'AA' U.S. and European corporate bonds (fixed
                or
                floating) having a remaining maturity of greater than or equal to
                five
                years and less than or equal to 10 years

            	
              *

            	
              *

            	
              87%

            	
              69.6%

            
	
              Category
                No. 3: 'BBB' credit card ABS (floating), 'BBB' auto ABS (floating),
                AA',
                'A' CDO (floating), 'BBB' U.S. student loan ABS (floating), and 'A'
                corporate bonds (fixed or floating) having a remaining maturity of
                less
                than five years

            	
              *

            	
              *

            	
              80%

            	
              64%

            
	
              Category
                No. 3: 'BBB' credit card ABS (floating), 'BBB' auto ABS (floating),
                'AA',
                'A' CDO (floating), 'BBB' U.S. student loan ABS (floating), and 'A'
                corporate bonds (fixed or floating) having a remaining maturity of
                greater
                than or equal to five years and less than or equal to 10
                years

            	
              *

            	
              *

            	
              71.4%

            	
              57.1%

            

    

     

    *
      To be
      completed with valuation percentages supplied or published by
      S&P.

     

    Table
      2A

    Moody’s
      First Trigger Factor

     

    Valuation
      Date (and Valuation Percentage column):  Daily

    The
      following percentages shall be used in the calculation of the Moody's First
      Trigger Factor.

     

    
      	
              Weighted
                Average Life of

              Transaction
                in Years

            	
              Valuation
                Date (Daily)

            	
              Valuation
                Date (Weekly)

            
	
              1
                or less

            	
              0.15%

            	
              0.25%

            
	
              More
                than 1 but not more than 2

            	
              0.30%

            	
              0.50%

            
	
              More
                than 2 but not more than 3

            	
              0.40%

            	
              0.70%

            
	
              More
                than 3 but not more than 4

            	
              0.60%

            	
              1.00%

            
	
              More
                than 4 but not more than 5

            	
              0.70%

            	
              1.20%

            
	
              More
                than 5 but not more than 6

            	
              0.80%

            	
              1.40%

            
	
              More
                than 6 but not more than 7

            	
              1.00%

            	
              1.60%

            
	
              More
                than 7 but not more than 8

            	
              1.10%

            	
              1.80%

            
	
              More
                than 8 but not more than 9

            	
              1.20%

            	
              2.00%

            
	
              More
                than 9 but not more than 10

            	
              1.30%

            	
              2.20%

            
	
              More
                than 10 but not more than 11

            	
              1.40%

            	
              2.30%

            
	
              More
                than 11 but not more than 12

            	
              1.50%

            	
              2.50%

            
	
              More
                than 12 but not more than 13

            	
              1.60%

            	
              2.70%

            
	
              More
                than 13 but not more than 14

            	
              1.70%

            	
              2.80%

            
	
              More
                than 14 but not more than 15

            	
              1.80%

            	
              3.00%

            
	
              More
                than 15 but not more than 16

            	
              1.90%

            	
              3.20%

            
	
              More
                than 16 but not more than 17

            	
              2.00%

            	
              3.30%

            
	
              More
                than 17 but not more than 18

            	
              2.00%

            	
              3.50%

            
	
              More
                than 18 but not more than 19

            	
              2.00%

            	
              3.60%

            
	
              More
                than 20 but not more than 21

            	
              2.00%

            	
              3.70%

            
	
              More
                than 21 but not more than 22

            	
              2.00%

            	
              3.90%

            
	
              More
                than 22

            	
              2.00%

            	
              4.00%

            

    

     

    Table
      2B

    Moody’s
      Second TriggerFactor

    (Transaction
      Specific hedges)

     

    Valuation
      Date (and Valuation Percentage column):  Daily

    The
      following percentages shall be used in the calculation of the Moody's Second
      Trigger Factor with respect to any Transaction that is a Transaction-Specific
      Hedge.

     

    
      	
              Weighted
                Average Life of Transaction in Years

            	
              Valuation
                Date (Daily)

            	
              Valuation
                Date (Weekly)

            
	
              1
                or less

            	
              0.65%

            	
              0.75%

            
	
              More
                than 1 but not more than 2

            	
              1.30%

            	
              1.50%

            
	
              More
                than 2 but not more than 3

            	
              1.90%

            	
              2.20%

            
	
              More
                than 3 but not more than 4

            	
              2.50%

            	
              2.90%

            
	
              More
                than 4 but not more than 5

            	
              3.10%

            	
              3.60%

            
	
              More
                than 5 but not more than 6

            	
              3.60%

            	
              4.20%

            
	
              More
                than 6 but not more than 7

            	
              4.20%

            	
              4.80%

            
	
              More
                than 7 but not more than 8

            	
              4.70%

            	
              5.40%

            
	
              More
                than 8 but not more than 9

            	
              5.20%

            	
              6.00%

            
	
              More
                than 9 but not more than 10

            	
              5.70%

            	
              6.60%

            
	
              More
                than 10 but not more than 11

            	
              6.10%

            	
              7.00%

            
	
              More
                than 11 but not more than 12

            	
              6.50%

            	
              7.50%

            
	
              More
                than 12 but not more than 13

            	
              7.00%

            	
              8.00%

            
	
              More
                than 13 but not more than 14

            	
              7.40%

            	
              8.50%

            
	
              More
                than 14 but not more than 15

            	
              7.80%

            	
              9.00%

            
	
              More
                than 15 but not more than 16

            	
              8.20%

            	
              9.50%

            
	
              More
                than 16 but not more than 17

            	
              8.60%

            	
              9.90%

            
	
              More
                than 17 but not more than 18

            	
              9.00%

            	
              10.40%

            
	
              More
                than 18 but not more than 19

            	
              9.40%

            	
              10.80%

            
	
              More
                than 20 but not more than 21

            	
              9.70%

            	
              11.00%

            
	
              More
                than 21 but not more than 22

            	
              10.00%

            	
              11.00%

            
	
              More
                than 22

            	
              10.00%

            	
              11.00%

            

    

     

    Table
      2C

    Moody’s
      Second Trigger Factor

    (Non-Transaction
      Specific hedges)

     

    Valuation
      Date (and Valuation Percentage column):  Daily

    The
      following percentages shall be used in the calculation of the Moody's Second
      Trigger Factor with respect to any Transaction that is not a
      Transaction-Specific Hedge.

     

    
      	
              Weighted
                Average Life of Transaction in Years

            	
              Valuation
                Date (Daily)

            	
              Valuation
                Date (Weekly)

            
	
              1
                or less

            	
              0.50%

            	
              0.60%

            
	
              More
                than 1 but not more than 2

            	
              1.00%

            	
              1.20%

            
	
              More
                than 2 but not more than 3

            	
              1.50%

            	
              1.70%

            
	
              More
                than 3 but not more than 4

            	
              1.90%

            	
              2.30%

            
	
              More
                than 4 but not more than 5

            	
              2.40%

            	
              2.80%

            
	
              More
                than 5 but not more than 6

            	
              2.80%

            	
              3.30%

            
	
              More
                than 6 but not more than 7

            	
              3.20%

            	
              3.80%

            
	
              More
                than 7 but not more than 8

            	
              3.60%

            	
              4.30%

            
	
              More
                than 8 but not more than 9

            	
              4.00%

            	
              4.80%

            
	
              More
                than 9 but not more than 10

            	
              4.40%

            	
              5.30%

            
	
              More
                than 10 but not more than 11

            	
              4.70%

            	
              5.60%

            
	
              More
                than 11 but not more than 12

            	
              5.00%

            	
              6.00%

            
	
              More
                than 12 but not more than 13

            	
              5.40%

            	
              6.40%

            
	
              More
                than 13 but not more than 14

            	
              5.70%

            	
              6.80%

            
	
              More
                than 14 but not more than 15

            	
              6.00%

            	
              7.20%

            
	
              More
                than 15 but not more than 16

            	
              6.30%

            	
              7.60%

            
	
              More
                than 16 but not more than 17

            	
              6.60%

            	
              7.90%

            
	
              More
                than 17 but not more than 18

            	
              6.90%

            	
              8.30%

            
	
              More
                than 18 but not more than 19

            	
              7.20%

            	
              8.60%

            
	
              More
                than 20 but not more than 21

            	
              7.50%

            	
              9.00%

            
	
              More
                than 21 but not more than 22

            	
              7.80%

            	
              9.00%

            
	
              More
                than 22

            	
              8.00%

            	
              9.00%

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      Q

    

    FORM
      OF
      INTEREST RATE SWAP AGREEMENT

     

    
      	 	 

    

    

    

    
      	
              DATE:

            	
              July
                10, 2007

            
	 	 
	
              TO:

            	
              Wells
                Fargo Bank, N.A., not in its individual capacity, but solely as the
                Supplemental Interest Trust Trustee on behalf of the Supplemental
                Interest
                Trust with respect to the Soundview Mortgage Loan Trust 2007-OPT2,
                Asset-Backed Certificates, Series 2007-OPT2

            
	 	 
	
              ATTENTION:

            	
              Client
                Manager, Soundview 2007-OPT2

            
	
              TELEPHONE:

            	
              (410)
                884-2000

            
	
              FACSIMILE:

            	
              (410)
                715-2380

            
	 	 
	
              FROM:

            	
              The
                Bank of New York

            
	 	
              Derivative
                Products Support Department

            
	 	
              Attn:
                Swap Confirmation Dept.

            
	
              TELEPHONE:

            	
              212-804-5163/5103

            
	
              FACSIMILE:

            	
              212-804-5818/5837

            
	 	 
	
              SUBJECT:

            	
              Interest
                Rate
                Swap

            
	 	 
	
              REFERENCE
                NUMBER:

            	
              39476

            

    

    

    The
      purpose of this long-form confirmation (“Long-form
      Confirmation”) is to confirm the terms and conditions
      of the current Transaction entered into on the Trade Date specified below (the
      “Transaction”) between The Bank of New York (“Party
      A”) and Wells Fargo Bank, N.A., not in its
      individual capacity, but solely as the supplemental interest trust trustee
      (the
“Supplemental Interest Trust Trustee”) on behalf of the supplemental interest
      trust (the “Supplemental Interest Trust”) with respect to the Soundview Mortgage
      Loan Trust 2007-OPT2, Asset-Backed Certificates, Series 2007-OPT2 (“Party B”)
      created under the pooling and servicing agreement, dated as of July 1, 2007,
      among Financial Asset Securities Corp. (the “Depositor”), Option One Mortgage
      Corporation (the “Servicer”), and Wells Fargo Bank, N.A. (the
“Trustee”)

    ,
      (the
“Pooling and Servicing Agreement”).  This Long-form
      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.  Item 2 of this Long-form Confirmation constitutes a
“Confirmation” as referred to in the ISDA Master Agreement
      (defined below); Item 3 of this Long-form Confirmation constitutes a
“Schedule” as referred to in the ISDA Master Agreement; and
      Annex A hereto constitutes Paragraph 13 of a Credit Support Annex to the
      Schedule.

    

    
      	
              Item
                1.

            	
              The
                Confirmation set forth at Item 2 hereof 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 Long-form 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.

            

    

     

    
      	
              Item
                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:

            	
              June
                18, 2007

            
	 	 
	
              Effective
                Date:

            	
              January
                25, 2008

            
	 	 
	
              Termination
                Date:

            	
              July
                25, 2013, subject
                to adjustment in accordance with the Following Business Day Convention;
                provided, however, that for the purpose of determining the final
                Fixed
                Rate Payer Period End Date, Termination Date shall be subject to
                No
                Adjustment.

            
	 	 
	
              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
                February 25, 2008, and ending on the Termination Date, with No
                Adjustment.

            
	 	 
	
              Fixed
                Rate Payer

            	 
	
              Payment
                Dates:

            	
              Early
                Payment shall be applicable. The Fixed Rate Payer Payment Date shall
                be
                one (1) Business Day preceding each Fixed Rate Payer Period End
                Date.

            
	 	 
	
              Fixed
                Rate:

            	
              5.50%

            
	 	 
	
              Fixed
                Amount:

            	
              To
                be determined in accordance
                with the following formula:

            
	 	 
	 	
              Scale
                Factor * Notional Amount *
                Fixed Rate * Fixed Rate Day Count Fraction

            
	
              Fixed
                Rate Day

            	 
	
              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
                February 25, 2008, and ending on the Termination Date, subject to
                adjustment in accordance with the Following Business Day
                Convention.

            
	 	 
	
              Floating
                Rate Payer

            	 
	
              Payment
                Dates:

            	
              Early
                Payment shall be applicable. The Floating Rate Payer Payment Date
                shall be
                one (1) Business Day preceding each Floating Rate Payer Period End
                Date.

            
	 	 
	 	 
	 	 
	 	 
	
              Floating
                Amount:

            	
              To
                be determined in accordance
                with the following formula:

            
	 	 
	 	
              Scale
                Factor * Notional Amount *
                Floating Rate Option * Floating Rate Day Count
                Fraction

            
	 	 
	
              Floating
                Rate for initial

            	 
	
              Calculation
                Period:

            	
              To
                be determined

            
	 	 
	
              Floating
                Rate Option:

            	
              USD-LIBOR-BBA

            
	 	 
	
              Designated
                Maturity:

            	
              One
                month

            
	 	 
	
              Floating
                Rate Day

            	 
	
              Count
                Fraction:

            	
              Actual/360

            
	 	 
	
              Scale
                Factor:

            	
              250

            
	 	 
	
              Reset
                Dates:

            	
              The
                first day of each Calculation Period.

            
	 	 
	
              Compounding:

            	
              Inapplicable

            
	 	 
	
              Business
                Days:

            	
              New
                York

            
	 	 
	
              Business
                Day Convention:

            	
              Following

            
	 	 
	
              Additional
                Payment:

            	
              Party
                B represents and warrants
                that it has directed Party A to make payment
                of USD
                252,000.00 to
                Greenwich Capital Financial Products, Inc. for value
                July 10, 2007 on its
                behalf.  The parties agree, for convenience and ease of
                administration, the payment of the Additional Payment will be netted
                with
                the Fixed Amounts payable under the Confirmations with reference
                numbers
                39477 and 39478.

            

    

    

    
      	
              Item
                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 Moody’s Second Trigger Downgrade Event has
                occurred and is continuing and at least 30 Local Business Days have
                elapsed since such Moody’s Second Trigger Downgrade Event first
                occurred.

            

    

    

    
      	
              (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 Moody’s Second Trigger Downgrade Event has occurred and
                is continuing and at least 30 Local Business Days have elapsed since
                such
                Moody’s Second Trigger Downgrade Event first
                occurred.

            

    

    

    
      	
              (iv)  

            	
              The
                “Misrepresentation” provisions of Section 5(a)(iv) will
                apply to Party A and will not apply to Party
                B.

            

    

    

    
      	
              (v)  

            	
              The
                “Default under Specified Transaction” provisions of
                Section 5(a)(v) will apply to Party A and will not apply to Party
                B.

            

    

    

    
      	
              (vi)  

            	
              The
                “Cross Default” provisions of Section 5(a)(vi) will apply
                to Party A and will not apply to Party B.  For purposes of
                Section 5(a)(vi), solely with respect to Party
                A:

            

    

    

    “Specified
      Indebtedness” will have the meaning specified in Section 14, 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, a guarantor under an
      Eligible Guarantee with credit ratings at least equal to the S&P Required
      Ratings Threshold and the Moody’s Second Trigger Threshold.

    

    
      	
              (vii)  

            	
              The
                “Bankruptcy” provisions of Section 5(a)(vii) will apply
                to Party A and will apply to Party B; provided, however, that, for
                purposes of applying Section 5(a)(vii) to Party B: (A) Section
                5(a)(vii)(2) shall not apply, (B) Section 5(a)(vii)(3) shall not
                apply to
                any assignment, arrangement or composition that is effected by or
                pursuant
                to the Pooling and Servicing Agreement, (C) Section 5(a)(vii)(4)
                shall not
                apply to a proceeding instituted, or a petition presented, by Party
                A or
                any of its Affiliates (for purposes of Section 5(a)(vii)(4), Affiliate
                shall have the meaning set forth in Section 14, notwithstanding anything
                to the contrary in this Agreement), (D) Section 5(a)(vii)(6) shall
                not
                apply to any appointment that is effected by or pursuant to the Pooling
                and Servicing Agreement, or any appointment to which Party B has
                not yet
                become subject; (E) Section 5(a)(vii) (7) shall not apply; (F) Section
                5(a)(vii)(8) shall apply only to the extent of any event which has
                an
                effect analogous to any of the events specified in clauses (1), (3),
                (4),
                (5) or (6) of Section 5(a)(vii), in each case as modified in this
                Part
                1(c)(vii), and (G) Section 5(a)(vii)(9) shall not
                apply.

            

    

    

    
      	
              (viii)  

            	
              The
                “Merger Without Assumption” provisions of Section
                5(a)(viii) will apply to Party A and will apply to Party
                B.

            

    

    

    (d)           Termination
      Events.

    

    The
      statement below that a Termination Event will apply to a specific party means
      that upon the occurrence of such a Termination Event, if such specific party
      is
      the Affected Party with respect to a Tax Event, the Burdened Party with respect
      to a Tax Event Upon Merger (except as noted below) or the non-Affected Party
      with respect to a Credit Event Upon Merger, as the case may be, such specific
      party shall have the right to designate an Early Termination Date in accordance
      with Section 6 of this Agreement; conversely, the statement below that such
      an
      event will not apply to a specific party means that such party shall not have
      such right; provided, however, with respect to “Illegality” the statement that
      such event will apply to a specific party means that upon the occurrence of
      such
      a Termination Event with respect to such party, either party shall have the
      right to designate an Early Termination Date in accordance with Section 6 of
      this Agreement.

    

    (i)           The
      “Illegality” provisions of Section 5(b)(i) will apply to Party
      A and will apply to Party B.

    

    
      	
               

            	
              (ii)

            	
              The
                “Tax Event” provisions of Section 5(b)(ii) will apply to
                Party A 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, notwithstanding anything
                to
                the contrary in this Agreement, if an Early Termination Date has
                been
                designated as a result 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 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 Eligible Replacement 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:

            

    

    

    “Settlement
      Amount” means, with respect to any Early Termination Date, an
      amount (as determined by Party B) equal to:

    

    
      	
               

            	
              (a)

            	
              if,
                on or prior to such Early Termination Date, a Market Quotation for
                the
                relevant Terminated Transaction or group of Terminated Transactions
                is
                accepted by Party B so as to become legally binding, the Termination
                Currency Equivalent of the amount (whether positive or negative)
                of such
                Market Quotation;

            

    

    

    
      	
               

            	
              (b)

            	
              if,
                on such Early Termination Date, 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 communicated to Party
                B
                and remain capable of becoming legally binding upon acceptance by
                Party B,
                the Termination Currency Equivalent of the amount (whether positive
                or
                negative) of the lowest of such Market Quotations (for the avoidance
                of
                doubt, (I) a Market Quotation expressed as a negative number is lower
                than
                a Market Quotation expressed as a positive number and (II) the lower
                of
                two Market Quotations expressed as negative numbers is the one with
                the
                largest absolute value); or

            

    

    

    
      	
               

            	
              (c)

            	
              if,
                on such Early Termination Date, 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 has been communicated to Party B and remains
                capable
                of becoming legally binding upon acceptance by Party B, 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 Early Termination
                Date.

            

    

    

    
      	
               

            	
              (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:

            

    

    

    “(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 against any amount payable by Party B under
      the
      immediately preceding clause (I).”

    

    
      	
              (E)           

            	
              At
                any time on or before the Early Termination Date at which two or
                more
                Market Quotations from Approved Replacements have been communicated
                to
                Party B and remain capable of becoming legally binding upon acceptance
                by
                Party B, Party B shall be entitled to accept only the lowest of such
                Market Quotations (for the avoidance of doubt, (I) a Market Quotation
                expressed as a negative number is lower than a Market Quotation expressed
                as a positive number and (II) the lower of two Market Quotations
                expressed
                as negative numbers is the one with the largest absolute
                value).

            

    

    

    
      	
              (F)         
                 

            	
              In
                determining whether or not a Firm Offer satisfies clause (B)(y) of
                the
                definition of Replacement Transaction and whether or not a proposed
                transfer satisfies clause (e)(B)(y) of the definition of Permitted
                Transfer, Party B shall act in a commercially reasonable
                manner.

            

    

    

    
      	
              (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).

    

    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):

    

    (x)
      It is
      a “U.S. person” (as that term is used in section 1.1441-4(a)(3)(ii) of the
      United States Treasury Regulations) for United States federal income tax
      purposes, (y) it is a trust company duly organized and existing under the laws
      of the State of New York, and (y) its U.S. taxpayer identification number is
      135160382.

    

    (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.

            

    

    

    
      	
               

            	
              (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.

    

      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

            	
              A
                correct, complete and duly executed U.S. Internal Revenue Service
                Form W-9
                (or successor thereto) that establishes an exemption from deduction
                or
                withholding obligation on payments to Party A under this
                Agreement.

            	 	
              Upon
                the execution and delivery of this Agreement

            
	 	 	 	 
	
              Party
                B

            	
              A
                correct, complete and executed U.S. Internal Revenue Service Form
                W-9,
                W-8BEN, W-8ECI, or W-8IMY, with appropriate attachments, as applicable,
                or
                any other or successor form, in each case that establishes an exemption
                from deduction or withholding obligations; and any other document
                reasonably requested to allow Party A to make payments under this
                Agreement without any deduction or withholding for or on account
                of any
                tax.

            	 	
              (i)
                Before the first Payment Date under this Agreement, (ii) in the case
                of a
                U.S. Internal Revenue Service Form W-8ECI, W-8IMY, and W-8BEN that
                does
                not include a U.S. taxpayer identification number in line 6, before
                December 31 of each third succeeding calendar year, (iii) promptly
                upon
                reasonable demand by Party A, and (iv) promptly upon receiving actual
                knowledge that any such form previously provided by Party B has become
                obsolete or incorrect

            

    

    

    

    (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

            	
              A
                copy of the quarterly and annual financial statements of Party A
                for the
                most recently completed fiscal year and publicly available in its
                regulatory call report

            	 	
              Promptly
                upon becoming publicly available; provided,
                if available on http://www.fdic.gov, such delivery is not
                required

            	
              No

            
	 	 	 	 	 
	
              Party
                A

            	
              An
                opinion of counsel to Party A as to the enforceability of this
                Confirmation reasonably acceptable to Party B.

            	 	
              Upon
                the execution and delivery of this Agreement

            	
              No

            
	 	 	 	 	 
	
              Party
                B

            	
              An
                opinion of counsel to Party B as to the enforceability of this
                Confirmation reasonably acceptable to Party A.

            	 	
              Upon
                the execution and delivery of this Agreement

            	
              No

            

    

    

    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:               The
      Bank of New York

    Swaps
      and
      Derivative Products Group

    Global
      Market Division

    32
      Old
      Slip 15th Floor

    New
      York,
      NY 10286

    Attention:
      Steve Lawler

    Facsimile:
      212-495-1016

    Phone:
      212-804-2137

    

    with
      a
      copy to:

     

    The
      Bank
      of New York

    Swaps
      and
      Derivative Products Group

    32
      Old
      Slip 16th Floor

    New
      York,
      New York 10286

    Attention:
      Andrew Schwartz

    Tele:
      212-804-5103

    Fax:
      212-804-5818/5837

    

    (For
      all
      purposes)

    

    A
      copy of
      any notice or other communication with respect to Sections 5 or 6 should also
      be
      sent to the addresses set out below:

     

    The
      Bank
      of New York

    Legal
      Department

    One
      Wall
      Street – 10th Floor

    New
      York,
      New York 10286

    Attention:
      General Counsel

    

    Address
      for notices or communications
      to Party B:

    

    Wells
      Fargo Bank, N.A.

    9062
      Old
      Annapolis Road

    Columbia,
      MD 21045

    Attn:
      Client Manger, Soundview 2007-OPT2

    Phone:
      410-884-2000

    Facsimile:
      410-715-2380

    

    (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.

            

    

    

    
      	
              (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
                financial institution which would qualify as a Reference Market-maker,
                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 (including any claim or controversy arising out of or relating
                to
                this Agreement), 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.  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).

            

    

    

    

    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.

            

    

     

    
      	
               

            	
              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 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.

            

    

     

    (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):

            

    

    

    
      	
               

            	
              “(g)

            	
              Relationship
                Between Parties.

            

    

    

    
      	
               

            	
              (1)

            	
              Nonreliance.  (i)
                It is not relying on any statement or representation of the other
                party
                (whether written or oral) regarding any Transaction hereunder, 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) each 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 (i) by deleting the words “or if a Tax Event Upon Merger occurs
                and the Burdened Party is the Affected Party,” and the words “, which
                consent will not be withheld if such other party’s policies in effect at
                such time would permit it to enter into transactions with the transferee
                on the terms proposed” 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”.

            

    

    

    
      	
              (c)

            	
              Additional
                Termination Events.  The following Additional
                Termination Events will apply:

            

    

    

    
      	
              (i)            
                

            	
              Failure
                to Post Collateral.  If 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, and such failure has
                not
                given rise to an Event of Default under Section 5(a)(i) or Section
                5(a)(iii), 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.  The occurrence of any
                event described in this Part 5(c)(ii) shall constitute an Additional
                Termination Event with respect to Party A and Party A shall be the
                sole
                Affected Party with respect to such Additional Termination
                Event.

            

    

    

    
      	
               

            	
              (A)

            	
              A
                Moody’s Second Trigger Downgrade Event has occurred and is continuing and
                at least 30 Local Business Days have elapsed since such Moody’s Second
                Trigger Downgrade Event first occurred, and at least one Eligible
                Replacement has made a Firm Offer that would, assuming the occurrence
                of
                an Early Termination Date, qualify as a Market Quotation (on the
                basis
                that Part 1(f)(i)(A) applies) and which remains capable of becoming
                legally binding upon acceptance.

            

    

    

    
      	
               

            	
              (B)

            	
              An
                S&P Required Ratings Downgrade Event has occurred and is continuing
                and at least 60 calendar days have elapsed since such S&P Required
                Ratings Downgrade Event first
                occurred.

            

    

    

    

    
      	
               

            	
              (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, delayed or conditioned), 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.

            

    

    

    
      	
               

            	
              (iv)

            	
              Optional
                Termination of Securitization.  An Additional
                Termination Event shall occur upon the notice to Certificateholders
                of an
                Optional Termination becoming unrescindable in accordance with Article
                X
                of the Pooling and Servicing Agreement (such notice, the “Optional
                Termination Notice”).  With respect to such Additional
                Termination Event:  (A) Party B shall be the sole Affected
                Party; (B) notwithstanding anything to the contrary in Section 6(b)(iv)
                or
                Section 6(c)(i), the final Distribution Date specified in the Optional
                Termination Notice is hereby designated as the Early Termination
                Date for
                this Additional Termination Event in respect of all Affected Transactions;
                (C) Section 2(a)(iii)(2) shall not be applicable to any Affected
                Transaction in
                connection with the Early Termination Date resulting from this Additional
                Termination Event; notwithstanding anything to the contrary in Section
                6(c)(ii), payments and deliveries under Section 2(a)(i) or Section
                2(e) in
                respect of the Terminated Transactions resulting from this Additional
                Termination Event will be required to be made through and including
                the
                Early Termination Date designated
                as a result of this Additional Termination Event; provided, for the
                avoidance of doubt, that any such payments or deliveries that are
                made on
                or prior to such Early Termination Date will not be treated as Unpaid
                Amounts in determining the amount payable in respect of such Early
                Termination Date; (D) notwithstanding anything to the contrary in
                Section
                6(d)(i), (I) if, no later than 4:00 pm New York City time on the
                day that
                is four Business Days prior to the final Distribution Date specified
                in
                the Optional Termination Notice, the Trustee requests the amount
                of the
                Estimated Swap Termination Payment, Party A shall provide to the
                Trustee
                in writing (which may be done in electronic format) the amount of
                the
                Estimated Swap Termination Payment no later than 2:00 pm New York
                City
                time on the following Business Day and (II) if the Trustee provides
                written notice (which may be done in electronic format) to Party
                A no
                later than two Business Days prior to the final Distribution Date
                specified in the Optional Termination Notice that all requirements
                of the
                Optional Termination have been met, then Party A shall, no later
                than one
                Business Day prior to the final Distribution Date specified in the
                Optional Termination Notice, make the calculations contemplated by
                Section
                6(e) of the ISDA Master Agreement (as amended herein) and provide
                to the
                Trustee in writing (which may be done in electronic format) the amount
                payable by either Party B or Party A in respect of the related Early
                Termination Date in
                connection with this Additional Termination Event; provided, however,
                that
                the amount payable by Party B, if any, in respect of the related
                Early
                Termination Date shall be the lesser of (x) the amount calculated
                to be
                due from Party B pursuant to Section 6(e) and (y) the Estimated Swap
                Termination Payment; and (E) notwithstanding anything to the contrary
                in
                this Agreement, any amount due from Party B to Party A in respect
                of this
                Additional Termination Event will be payable on the final Distribution
                Date specified  in the Optional Termination Notice and any
                amount due from Party A to Party B in respect of this Additional
                Termination Event will be payable one Business Day prior to the final
                Distribution Date specified  in the Optional Termination
                Notice.

            

    

    

    The
      Trustee shall be an express third party beneficiary of this Agreement as if
      a
      party hereto to the extent of the Trustee’s rights specified
      herein.

    

    
      	
               

            	
              (v)

            	
              Failure
                to Comply with Regulation AB Requirements.  If (i) the
                Depositor still has a reporting obligation with respect to the Transaction
                hereunder pursuant to Regulation AB and (ii) Party A has not, within
                the
                applicable time period specified in Part 5(e)(ii)(a) below after
                a Swap
                Disclosure Event, complied with any of the provisions set forth in
                Part
                5(e)(ii) below, 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.  If a Required Ratings
                Downgrade Event has occurred and is continuing, then Party A shall,
                at its
                own expense, use commercially reasonable efforts to, as soon as reasonably
                practicable, either (A) effect a Permitted Transfer or (B) procure
                an
                Eligible Guarantee by a guarantor with credit ratings at least equal
                to
                the S&P Required Ratings Threshold and the Moody’s Second Trigger
                Threshold.

            

    

    

    (e)           
      Compliance with Regulation AB.

     

    
      	
              (i)

            	
              It
                shall be a swap disclosure event (“Swap Disclosure
                Event”) if, at any time after the date hereof while the Depositor
                has reporting obligations with respect to this Transaction pursuant
                to
                Regulation AB, the Depositor or Greenwich Capital Financial Products,
                Inc.
                (the “Sponsor”) notifies Party A that the aggregate
                “significance percentage” (calculated in accordance with the provisions of
                Item 1115 of Regulation AB) of all derivative instruments provided
                by
                Party A and any of its affiliates to Party B (collectively, the
                “Aggregate Significance Percentage”) is 9% or
                more.

            

    

     

    
      	
              (ii)

            	
              Upon
                the occurrence of a Swap Disclosure Event while the Depositor has
                reporting obligations with respect to this Transaction pursuant to
                Regulation AB, Party A, at its own cost and expense (and without
                any
                expense or liability to the Depositor, the Sponsor, the Underwriters,
                the
                Depositor, the Trustee or the Issuing Entity), shall take one of
                the
                following actions:

            

    

     

    
      	
               

            	
              (a)

            	
              provide
                to the Sponsor and the Depositor: (i) if the Aggregate Significance
                Percentage is 9% or more, but less than 10%, within thirty (30) days,
                either, at the sole discretion of Party A, the information required
                under
                Item 1115(b)(1) or Item 1115(b)(2) of Regulation AB, (ii) if the
                Aggregate
                Significance Percentage is 10% or more, but less than 20%, within
                five (5)
                Business Days, either, at the sole discretion of Party A, the information
                required under Item 1115(b)(1) or Item 1115(b)(2) of Regulation AB,
                (iii)
                if the Aggregate Significance Percentage is 19% or more, but less
                than
                20%,, within thirty (30) days, the information required under Item
                1115(b)(2) of Regulation AB or (iv) if the Aggregate Significance
                Percentage is 20% or more, within five (5) Business Days, the information
                required under Item 1115(b)(2) of Regulation AB;
                or

            

    

     

    
      	
               

            	
              (b)

            	
              transfer
                in a Permitted Transfer (provided that a Permitted Transfer pursuant
                to
                this subclause (b) shall not require satisfaction of the Rating Agency
                Condition) its obligations under the Transaction to a counterparty
                with
                the Approved Ratings Thresholds (or which satisfies the Rating Agency
                Condition), that (x) provides the information specified in clause
                (a)
                above to the Depositor and Sponsor and (y) enters into documentation
                substantially similar to the documentation then in place between
                Party A
                and Party B.

            

    

     

    
      	
              (iii)

            	
              For
                so long as the Aggregate Significance Percentage is 10% or more and
                the
                Depositor has reporting obligations with respect to this Transaction,
                Party A shall provide any updates to the information provided pursuant
                to
                clause (ii)(a) above to the Sponsor and the Depositor within five
                (5)
                Business Days following the availability thereof (but in no event
                more
                than 6 months after the end of each of Party A’s fiscal year for any
                annual update and when available for any interim
                update).

            

    

     

    
      	
              (iv)

            	
              All
                information provided pursuant to clause (ii) shall be in a form suitable
                for conversion to the format required for filing by the Depositor
                with the
                Commission via the Electronic Data Gathering and Retrieval System
                (EDGAR).  The parties hereto acknowledge that electronic files
                in Adobe Acrobat format will be deemed to satisfy the requirements
                of this
                Part 5(e)(iv).  In addition, any such information, if audited,
                shall be accompanied by any necessary auditor’s consents or, if such
                information is unaudited, shall be accompanied by an appropriate
                agreed-upon procedures letter from Party A’s accountants.  If
                permitted by Regulation AB, any such information may be provided
                by
                reference to or incorporation by reference from reports filed pursuant
                to
                the Exchange Act.

            

    

     

    
      	
              (v)

            	
              The
                Sponsor and the Depositor each shall be an express third party beneficiary
                of this Agreement with respect to Party A’s undertakings under this Part
                5(e) only.

            

    

     

    
      	
              (f)

            	
              Transfers.

            

    

     

    (i)           Section
      7 is hereby amended to read in its entirety as follows:

     

    “Neither
      this Agreement nor any interest or obligation in or under this Agreement may
      be
      transferred (whether by way of security or otherwise) by either party 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 except
      that:

     

    
      	
               

            	
              (a)

            	
              Party
                A may make a Permitted Transfer (1) pursuant to Section 6(b)(ii)
                or Part
                5(e), (2) pursuant to a consolidation or amalgamation with, or merger
                with
                or into, or transfer of all or substantially all its assets to, another
                entity (but without prejudice to any other right or remedy under
                this
                Agreement), or (3) at any time at which no Relevant Entity has credit
                ratings at least equal to the Approved Ratings
                Threshold;

            

    

     

    
      	
               

            	
              (b)

            	
              Party
                B may transfer its rights and obligations hereunder in connection
                with a
                transfer pursuant to Section 8.09 of the Pooling and Servicing Agreement,
                and

            

    

     

    
      	
               

            	
              (c)

            	
              a
                party may make such a transfer of all or any part of its interest
                in any
                amount payable to it from a Defaulting Party under Section
                6(e).

            

    

     

    Any
      purported transfer that is not in compliance with this Section will be
      void. 

     

    
      	
               

            	
              (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
                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 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
                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. This provision will survive the termination
                of this
                Agreement.

            

    

    

    
      	
              (h)

            	
              Timing
                ofPayments by Party B upon Early
                Termination.  Notwithstanding anything to the contrary
                in the first sentence of  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 into a Replacement Transaction with
                Party B
                (such upfront payment to be paid directly to Party A in accordance
                with
                the Pooling and Servicing Agreement), then such Unfunded Amount shall
                be
                paid on the next subsequent Distribution Date following the date
                on which
                the payment would have been payable as determined in accordance with
                Section
                6(d)(ii), and on any
                subsequent Distribution Dates until paid in full (or if such Early
                Termination Date is the final Distribution Date, on such final
                Distribution Date); provided, however, that if the date on which
                the
                payment would have been payable as determined in accordance with
                Section
                6(d)(ii) is a Distribution Date, such payment will be payable on
                such
                Distribution Date

            

    

    

    
      	
              (i)

            	
              Rating
                Agency Notifications.  Notwithstanding any other
                provision of this Agreement, no Early Termination Date shall be
                effectively designated hereunder by Party B and no transfer of any
                rights
                or obligations under this Agreement shall be made by either party
                unless
                each Rating Agency has been provided 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 Rating Agencies has been provided
                prior
                written notice of the same and the Rating Agency Condition is satisfied
                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
                Rating
                Agency notice of such event or condition; provided that failure to
                provide
                notice of such event or condition pursuant to this Part 5(l) shall
                not
                constitute an Event of Default or a Termination
                Event.

            

    

     

    
      	
              (m)

            	
              Proceedings.  No
                Relevant Entity shall institute against, or cause any other person
                to
                institute against, or join any other person in instituting against
                Party
                B, the Supplemental Interest Trust, or the trust formed pursuant
                to the
                Pooling and Servicing Agreement, in any bankruptcy, reorganization,
                arrangement, insolvency or liquidation proceedings or other proceedings
                under any federal or state bankruptcy or similar law for a period
                of one
                year (or, if longer, the applicable preference period) and one day
                following payment in full of the Certificates and any
                Notes.  This provision will survive the termination of this
                Agreement.

            

    

    

    
      	
              (n)

            	
              Supplemental
                Interest Trust Trustee Liability Limitations.  It is
                expressly understood and agreed by the parties hereto that (a) this
                Agreement is executed by Wells Fargo Bank, N.A. (“WFBNA”) not individually
                or personally, but solely as Supplemental Interest Trust Trustee
                under the
                Pooling and Servicing Agreement in the exercise of the powers and
                authority conferred and vested in it under the terms of the Pooling
                and
                Servicing Agreement; (b) WFBNA 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 the part of Party B is made and intended
                not as
                personal representations, undertakings and agreements of WFBNA but
                is made
                and intended for the purpose of binding only the Supplemental Interest
                Trust; (d) nothing herein contained shall be construed as creating
                any
                liability on the part of WFBNA, individually or personally, to perform
                any
                covenant, either expressed or implied, contained herein all such
                liability, if any, being expressly waived by the parties hereto and
                by any
                Person claiming by, through or under the parties hereto; and (e)
                under no
                circumstances shall WFBNA be personally liable for the payment of
                any
                indebtedness or expenses of Party B or be liable for the breach or
                failure
                of any obligation, representation, warranty or covenant made or undertaken
                by Party B under this Agreement or any other related documents, as
                to all
                of which recourse shall be had solely to the assets of the Supplemental
                Interest Trust in accordance with the terms of the Pooling and Servicing
                Agreement.

            

    

    

    
      	
              (o)

            	
              Severability.  If
                any term, provision, covenant, or condition of this Agreement, or
                the
                application thereof to any party or circumstance, shall be held to
                be
                invalid or unenforceable (in whole or in part) in any respect, the
                remaining terms, provisions, covenants, and conditions hereof shall
                continue in full force and effect as if this Agreement had been executed
                with the invalid or unenforceable portion eliminated, so long as
                this
                Agreement as so modified continues to express, without material change,
                the original intentions of the parties as to the subject matter of
                this
                Agreement and the deletion of such portion of this Agreement will
                not
                substantially impair the respective benefits or expectations of the
                parties; provided, however, that this severability provision shall
                not be
                applicable if any provision of Section 2, 5, 6, or 13 (or any definition
                or provision in Section 14 to the extent it relates to, or is used
                in or
                in connection with any such Section) shall be so held to be invalid
                or
                unenforceable.

            

    

    

    The
      parties shall endeavor to engage in good faith negotiations to replace any
      invalid or unenforceable term, provision, covenant or condition with a valid
      or
      enforceable term, provision, covenant or condition, the economic effect of
      which
      comes as close as possible to that of the invalid or unenforceable term,
      provision, covenant or condition.

    

    
      	
              (p)

            	
              Agent
                for Party B.  Party A acknowledges that Party B has
                appointed the Supplemental Interest Trust Trustee under the Pooling
                and
                Servicing Agreement to carry out certain functions on behalf of Party
                B,
                and that the Supplemental Interest Trust Trustee shall be entitled
                to give
                notices and to perform and satisfy the obligations of Party B hereunder
                on
                behalf of Party B.

            

    

     

    
      	
              (q)

            	
              [Reserved.]

            

    

     

    
      	
              (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.  Each party agrees to
                provide such recording to the other party upon reasonable
                request.

            

    

     

    

    
      	
              (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 Long-form 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 Party A is a bank
                subject to the requirements of Federal Deposit Insurance Act, delivery
                and
                performance of this Agreement (including the Credit Support Annex
                and each
                Confirmation) have been authorized by all necessary corporate action
                of
                Party A, the person executing this Agreement on behalf of Party A
                is an
                officer of Party A of the level of vice president or higher, 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 this Agreement and the Transaction
                as
                principal and not as agent of any person.  Party B represents to
                Party A on the date on which the Supplemental Interest Trust Trustee
                executes this Agreement on behalf of Party B, that it is executing
                this
                Agreement, not individually, but solely its capacity as Supplemental
                Interest Trust Trustee on behalf of the Supplemental Interest
                Trust.

            

    

     

    
      	
              (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.

            

    

     

    
      	
               

            	
              (iii)

            	
              Swap
                Agreement.  Party A acknowledges that each Transaction
                is a “swap agreement” as defined in 12 U.S.C. Section 1821(e)(8)(D)(vi)
                and a “covered swap agreement” as defined in the Commodity Exchange Act (7
                U.S.C. Section 27(d)(1)).

            

    

     

    (x)           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.

    

    “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 of Party A under this Agreement (or, solely
      for
      purposes of the definition of Eligible Replacement, all present and future
      obligations of such Eligible Replacement under this Agreement or its
      replacement, as applicable) which is provided by a guarantor as principal debtor
      rather than surety and which 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 deduction or Tax collected by withholding, and such opinion
      has been delivered to Moody’s, or (B) such guarantee provides that, in the event
      that any of such guarantor’s payments to Party B are subject to deduction or 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 deduction or withholding been
      required, or (C) in the event that any payment under such guarantee is made
      net
      of deduction or withholding for Tax, Party A is required, under Section 2(a)(i),
      to make such additional payment as is necessary to ensure that the net amount
      actually received by Party B from the guarantor will equal the full amount
      Party
      B would have received had no such deduction or withholding been
      required.

    

    “Eligible
      Replacement” means
      an entity (A) that lawfully could perform the obligations owing to Party B
      under
      this Agreement (or its replacement, as applicable) and (B) (I) (x) which has
      credit ratings from S&P at least equal to the S&P Required Ratings
      Threshold or (y) all present and future obligations of which entity owing to
      Party B under this Agreement (or its replacement, as applicable) are guaranteed
      pursuant to an Eligible Guarantee provided by a guarantor with credit ratings
      from S&P at least equal to the S&P Required Ratings Threshold, in either
      case if S&P is a Rating Agency, and (II) (x) which has credit ratings from
      Moody’s at least equal to the Moody’s Second Trigger Ratings Threshold or (y)
      all present and future obligations of which entity owing to Party B under this
      Agreement (or its replacement, as applicable) are guaranteed pursuant to an
      Eligible Guarantee provided by a guarantor with credit ratings from Moody’s at
      least equal to the Moody’s Second Trigger Ratings Threshold, in either case if
      Moody’s is a Rating Agency.

    

    “Estimated
      Swap Termination Payment” means, with respect to an Early
      Termination Date, an amount determined by Party A in good faith and in a
      commercially reasonable manner as the maximum payment that could be owed by
      Party B to Party A in respect of such Early Termination Date pursuant to Section
      6(e) as amended herein, taking into account then current market
      conditions.

    

    “Financial
      Institution” means a bank, broker/dealer, insurance company,
      structured investment company or derivative product company.

    

    “Firm
      Offer” means a quotation from an 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.

     

    “Moody’s”
      means Moody’s Investors Service, Inc., or any successor thereto.

    

    “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 Downgrade 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) or Part 5(e), or described in Sections 7(a)(2) or (3) (as
      amended herein) to a transferee (the “Transferee”) 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) the Transferee contracts with Party B pursuant
      to a
      written instrument (the “Transfer Agreement”) (A) (i) on terms
      which are effective to transfer to the Transferee all, but not less than all,
      of
      Party A’s rights, liabilities, duties and obligations under the Agreement and
      all relevant Transactions, which terms are identical to the terms of this
      Agreement, 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 (ii) each Rating
      Agency has been given prior written notice of such transfer or (B) (i) on terms
      that (x) have the effect of preserving for Party B the economic equivalent
      of
      all payment and delivery obligations (whether absolute or contingent and
      assuming the satisfaction of each applicable condition precedent) under this
      Agreement immediately before such transfer and (y) are, in all material
      respects, no less beneficial for Party B than the terms of this Agreement
      immediately before such transfer, as determined by Party B, and (ii) Moody’s has
      been given prior written notice of such transfer and the Rating Agency Condition
      is satisfied with respect to S&P; (f) 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); and (g) 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 Rating Agency specified in connection
      with such proposed act or omission, that the party proposing such act or failure
      to act must consult with each of the specified Rating Agencies and receive
      from
      each such Rating Agency 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.

    

    “Rating
      Agencies” mean, 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 Soundview Mortgage Loan Trust 2007-OPT2 (the
      “Certificates”) or any notes backed by any of the Certificates (the
“Notes”).

    

    “Relevant
      Entities” mean 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
      (A) has terms which would be effective to transfer to a transferee all, but
      not
      less than all, of Party A’s rights, liabilities, duties and obligations under
      this Agreement and all relevant Transactions, which terms are identical to
      the
      terms of this Agreement, 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, save
      for the exclusion of provisions relating to Transactions that are not Terminated
      Transactions, or (B) (x) 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) under this Agreement 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 (y) has terms which are, in all material respects, no less
      beneficial for Party B than those of this Agreement (save for the exclusion
      of
      provisions relating to Transactions that are not Terminated Transactions),
      as
      determined by Party B.

    

    “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 of “A-1” from S&P, 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 of “A+” from S&P.

    

    “S&P
      Required Ratings Downgrade Event” means that no Relevant Entity
      has credit ratings from S&P at least equal to the S&P Required Ratings
      Threshold.

    

    “S&P
      Required Ratings Threshold” means, with respect to Party A, the
      guarantor under an Eligible Guarantee, or an Eligible Replacement, (I) if such
      entity is a Financial Institution, a short-term unsecured and unsubordinated
      debt rating of “A-2” from S&P, 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 of “BBB+” from S&P, or
      (II) if such entity is not a Financial Institution, a short-term unsecured
      and
      unsubordinated debt rating of “A-1” from S&P, 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 of
      “A+” from S&P.

    

    

     

    [Remainder
      of this page intentionally left blank.]

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.           Account
      Details and Settlement Information:

     

    

    
      	
              Payments
                to Party A:

            	
              The
                Bank of New York

            
	 	
              Derivative
                Products Support Department

            
	 	
              32
                Old Slip, 16th
                Floor

            
	 	
              New
                York, New York 10286

            
	 	
              Attention:
                Renee Etheart

            
	 	
              ABA
                #021000018

            
	 	
              Account
                #890-0068-175

            
	 	
              Reference:
                Interest Rate Swap

            
	 	 
	
              Payments
                to Party B:

            	
              Wells
                Fargo Bank, N.A.

            
	 	
              ABA
                No. 121 000 248

            
	 	
              Account
                Name: SAS Clearing

            
	 	
              Account
                No.: 3970771416

            
	 	
              FFC
                to: Swap Account 53162105

            

    

    

    

    

    

    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.

    

    

    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,

    

    The
      Bank
      of New York

    

    

    

    
      	
              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.

    

    Wells
      Fargo Bank, N.A., not in its individual capacity, but solely as the Supplemental
      Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect
      to the Soundview Mortgage Loan Trust 2007-OPT2, Asset-Backed Certificates,
      Series 2007-OPT2

    

    
      

      

      
        	
                By:

              	 
	
                Name:

              	 
	
                Title:

              	 

      

      
 

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    SCHEDULE
      I

    (subject
      to adjustment in accordance with the Following Business Day Convention with
      respect to the Floating Amounts and No Adjustment with respect to the Fixed
      Amounts)

    

     

      
        	
                From
                  and including:

              	
                To
                  but excluding:

              	
                Notional
                  Amount (USD):

              
	
                01/25/08

              	
                02/25/08

              	
                2,068,019.03504

              
	
                02/25/08

              	
                03/25/08

              	
                2,018,118.70612

              
	
                03/25/08

              	
                04/25/08

              	
                1,962,939.44036

              
	
                04/25/08

              	
                05/25/08

              	
                1,902,827.01948

              
	
                05/25/08

              	
                06/25/08

              	
                1,838,245.36692

              
	
                06/25/08

              	
                07/25/08

              	
                1,771,937.61920

              
	
                07/25/08

              	
                08/25/08

              	
                1,708,054.25140

              
	
                08/25/08

              	
                09/25/08

              	
                1,646,505.59792

              
	
                09/25/08

              	
                10/25/08

              	
                1,587,205.34056

              
	
                10/25/08

              	
                11/25/08

              	
                1,530,070.38264

              
	
                11/25/08

              	
                12/25/08

              	
                1,475,020.72784

              
	
                12/25/08

              	
                01/25/09

              	
                1,421,979.36372

              
	
                01/25/09

              	
                02/25/09

              	
                1,370,835.12736

              
	
                02/25/09

              	
                03/25/09

              	
                1,320,694.84580

              
	
                03/25/09

              	
                04/25/09

              	
                1,265,873.14696

              
	
                04/25/09

              	
                05/25/09

              	
                1,207,847.31596

              
	
                05/25/09

              	
                06/25/09

              	
                1,019,552.33828

              
	
                06/25/09

              	
                07/25/09

              	
                732,690.56880

              
	
                07/25/09

              	
                08/25/09

              	
                679,157.35084

              
	
                08/25/09

              	
                09/25/09

              	
                631,261.66624

              
	
                09/25/09

              	
                10/25/09

              	
                594,294.76768

              
	
                10/25/09

              	
                11/25/09

              	
                571,849.53784

              
	
                11/25/09

              	
                12/25/09

              	
                550,302.09268

              
	
                12/25/09

              	
                01/25/10

              	
                529,618.09228

              
	
                01/25/10

              	
                02/25/10

              	
                509,656.71928

              
	
                02/25/10

              	
                03/25/10

              	
                490,594.92708

              
	
                03/25/10

              	
                04/25/10

              	
                471,881.56016

              
	
                04/25/10

              	
                05/25/10

              	
                453,793.47304

              
	
                05/25/10

              	
                06/25/10

              	
                434,570.17924

              
	
                06/25/10

              	
                07/25/10

              	
                414,245.45468

              
	
                07/25/10

              	
                08/25/10

              	
                399,006.23384

              
	
                08/25/10

              	
                09/25/10

              	
                384,361.54552

              
	
                09/25/10

              	
                10/25/10

              	
                370,286.92552

              
	
                10/25/10

              	
                11/25/10

              	
                356,758.98204

              
	
                11/25/10

              	
                12/25/10

              	
                343,755.28756

              
	
                12/25/10

              	
                01/25/11

              	
                331,254.46204

              
	
                01/25/11

              	
                02/25/11

              	
                319,236.11092

              
	
                02/25/11

              	
                03/25/11

              	
                307,680.34640

              
	
                03/25/11

              	
                04/25/11

              	
                296,568.35304

              
	
                04/25/11

              	
                05/25/11

              	
                285,882.12248

              
	
                05/25/11

              	
                06/25/11

              	
                275,604.39900

              
	
                06/25/11

              	
                07/25/11

              	
                265,718.67236

              
	
                07/25/11

              	
                08/25/11

              	
                256,209.14576

              
	
                08/25/11

              	
                09/25/11

              	
                247,060.64068

              
	
                09/25/11

              	
                10/25/11

              	
                238,258.64884

              
	
                10/25/11

              	
                11/25/11

              	
                229,789.27364

              
	
                11/25/11

              	
                12/25/11

              	
                221,639.20360

              
	
                12/25/11

              	
                01/25/12

              	
                213,795.68648

              
	
                01/25/12

              	
                02/25/12

              	
                206,246.50632

              
	
                02/25/12

              	
                03/25/12

              	
                198,979.95652

              
	
                03/25/12

              	
                04/25/12

              	
                191,983.61648

              
	
                04/25/12

              	
                05/25/12

              	
                185,248.00292

              
	
                05/25/12

              	
                06/25/12

              	
                177,743.89968

              
	
                06/25/12

              	
                07/25/12

              	
                168,602.11192

              
	
                07/25/12

              	
                08/25/12

              	
                162,772.64900

              
	
                08/25/12

              	
                09/25/12

              	
                157,156.52100

              
	
                09/25/12

              	
                10/25/12

              	
                151,745.44120

              
	
                10/25/12

              	
                11/25/12

              	
                146,531.46256

              
	
                11/25/12

              	
                12/25/12

              	
                141,506.96352

              
	
                12/25/12

              	
                01/25/13

              	
                136,664.68572

              
	
                01/25/13

              	
                02/25/13

              	
                131,997.73604

              
	
                02/25/13

              	
                03/25/13

              	
                127,499.19628

              
	
                03/25/13

              	
                04/25/13

              	
                123,162.61408

              
	
                04/25/13

              	
                05/25/13

              	
                118,981.79844

              
	
                05/25/13

              	
                06/25/13

              	
                114,950.80888

              
	
                06/25/13

              	
                07/25/13

              	
                111,063.95400

              

      

    

    

     

     

     

     

    Annex
      A

    

    Paragraph
      13 of the Credit Support Annex

    

    

     

     

    

    ISDA®

    CREDIT
      SUPPORT ANNEX

    to
      the
      Schedule to the

    ISDA
      Master Agreement

    dated
      as
      of July 10, 2007 between

    The
      Bank
      of New York

    (hereinafter
      referred to as “Party A” or
“Pledgor”)

    and

    Wells
      Fargo Bank, N.A., not in its individual capacity, but solely as the Supplemental
      Interest Trust Trustee on behalf of the Supplemental Interest Trust with respect
      to the Soundview Mortgage Loan Trust 2007-OPT2, Asset-Backed Certificates,
      Series 2007-OPT2 (hereinafter referred to as “Party B”
      or “Secured Party”).

     

    

    For
      the
      avoidance of doubt, and notwithstanding anything to the contrary that may be
      contained in the Agreement, this Credit Support Annex shall relate solely to
      the
      Transaction documented in the Confirmation dated June 14, 2007, between Party
      A
      and Party B, Reference Number 39476.

    

     

    Paragraph
      13.  Elections and Variables.

     

    
      	
              (a)  

            	
              Security
                Interest for “Obligations”.  The term
                “Obligations” as used in this
                Annex includes the following additional
                obligations:

            

    

     

    With
      respect to Party A: not applicable.

     

    With
      respect to Party B: not applicable.

     

    
      	
              (b)  

            	
              Credit
                Support Obligations.

            

    

     

    
      	
              (i)         
                  

            	
              Delivery
                Amount, Return Amount and Credit Support
                Amount.

            

    

     

    
      	
              (A)       
                 

            	
              “Delivery
                Amount” has the meaning specified in
                Paragraph 3(a), except that:

            

    

     

    
      	
               

            	
              (I)

            	
              the
                words “upon a demand made by the Secured Party on or promptly following
                a
                Valuation Date” shall be deleted and replaced with the words “not later
                than the close of business on each Valuation
                Date”,

            

    

     

    
      	
               

            	
              (II)

            	
              the
                sentence beginning “Unless otherwise specified in Paragraph 13” and ending
                “(ii) the Value as of that Valuation Date of all Posted Credit Support
                held by the Secured Party.” shall be deleted in its entirety and replaced
                with the following:

            

    

     

    “The
      “Delivery Amount” applicable to the Pledgor for any
      Valuation Date will equal the greatest of

     

    
      	
               

            	
              (1)

            	
              the
                amount by which (a) the S&P Credit Support Amount for such Valuation
                Date exceeds (b) the S&P Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured Party,
                and

            

    

     

    
      	
               

            	
              (2)

            	
              the
                amount by which (a) the Moody’s Credit Support Amount for such Valuation
                Date exceeds (b) the Moody’s Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured
                Party.

            

    

     

    
      	
               

            	
              (III)

            	
              if,
                on any Valuation Date, the Delivery Amount equals or exceeds the
                Pledgor’s
                Minimum Transfer Amount, the Pledgor will Transfer to the Secured
                Party
                sufficient Eligible Credit Support to ensure that, immediately following
                such transfer, the Delivery Amount shall be
                zero.

            

    

     

    
      	
              (B)          

            	
              “Return
                Amount” has the meaning specified in Paragraph 3(b), except
                that:

            

    

     

    
      	
               

            	
              (I)

            	
              the
                sentence beginning “Unless otherwise specified in Paragraph 13” and ending
                “(ii) the Credit Support Amount.” shall be deleted in its entirety and
                replaced with the following:

            

    

     

    “The
      “Return Amount” applicable to the Secured Party for
      any Valuation Date will equal the least of

     

    
      	
               

            	
              (1)

            	
              the
                amount by which (a) the S&P Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured Party exceeds (b) the S&P
                Credit Support Amount for such Valuation Date,
                and

            

    

     

    
      	
               

            	
              (2)

            	
              the
                amount by which (a) the Moody’s Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured Party exceeds (b) the Moody’s
                Credit Support Amount for such Valuation
                Date.

            

    

     

    
      	
               

            	
               (II)

            	
              in
                no event shall the Secured Party be required to Transfer any Posted
                Credit
                Support under Paragraph 3(b) if, immediately following such transfer,
                the
                Delivery Amount would be greater than
                zero.

            

    

     

    
      	
              (C) 
                         

            	
              “Credit
                Support Amount” shall not apply.  For purposes of
                calculating any Delivery Amount or Return Amount for any Valuation
                Date,
                reference shall be made to the S&P Credit Support Amount, the Moody’s
                Credit Support Amount, in each case  for such Valuation Date, as
                provided in Paragraphs 13(b)(i)(A) and 13(b)(i)(B),
                above.

            

    

     

    
      	
              (ii)         
                  

            	
              Eligible
                Collateral.

            

    

     

    On
      any
      date, the items set forth in Table 1 will qualify as “Eligible
      Collateral” (for the avoidance of doubt, all Eligible Collateral
      to be denominated in USD).

     

    
      	
              (iii)        
                 

            	
              Other
                Eligible Support.

            

    

     

    The
      following items will qualify as “Other Eligible
      Support” for the party specified:

     

    Not
      applicable.

     

    
      	
              (iv)       
                  

            	
              Threshold.

            

    

     

    
      	
              (A)    
                      

            	
              “Independent
                Amount” means zero with respect to Party A and Party
                B.

            

    

     

    
      	
              (B)  
                       

            	
              “Moody’s
                Threshold” means, with respect to Party A and any Valuation
                Date, if a Moody’s First Trigger Downgrade Event has occurred and is
                continuing and such Moody’s First Trigger Downgrade Event has been
                continuing (i) for at least 30 Local Business Days or (ii) since
                this
                Annex was executed, zero; otherwise,
                infinity.

            

    

     

    “S&P
      Threshold” means, with respect to Party A and any Valuation Date,
      if  an S&P Approved Ratings Downgrade Event has occurred and is
      continuing and such S&P Approved Ratings Downgrade Event has been continuing
      (i) for at least 10 Local Business Days or (ii) since this Annex was executed,
      zero; otherwise, infinity.

     

    
      	 	
              “Threshold”
                means, with respect to Party B and any Valuation Date,
                infinity.

            

    

     

    
      	
              (C)       
                  

            	
              “Minimum
                Transfer Amount” means USD 100,000 with respect to Party A
                and Party B; provided, however, that if the aggregate Certificate
                Principal Balance of any Certificates and the aggregate principal
                balance
                of any Notes rated by S&P is at the time of any transfer less than USD
                50,000,000, the “Minimum Transfer Amount” shall
                be USD 50,000.

            

    

     

    
      	
              (D)         

            	
              Rounding:
                The Delivery Amount will be rounded up to the nearest integral multiple
                of
                USD 10,000. The Return Amount will be rounded down to the nearest
                integral
                multiple of USD 10,000.

            

    

     

    
      	
              (c)  

            	
              Valuation
                and Timing.

            

    

     

    
      	
              (i)          
                 

            	
              “Valuation
                Agent” means Party A; provided, however, that if an Event
                of
                Default shall have occurred with respect to which Party A is the
                Defaulting Party, Party B shall have the right to designate as Valuation
                Agent an independent party, reasonably acceptable to Party A, the
                cost for
                which shall be borne by Party A.  All calculations by the
                Valuation Agent must be made in accordance with standard market practice,
                including, in the event of a dispute as to the Value of any Eligible
                Credit Support or Posted Credit Support, by making reference to quotations
                received by the Valuation Agent from one or more Pricing
                Sources.

            

    

     

    
      	
              (ii)         
                 

            	
              “Valuation
                Date” means each Local Business Day on which any of the
                S&P Threshold or the Moody’s
                Threshold.

            

    

     

    
      	
              (iii)        
                 

            	
              “Valuation
                Time” means the close of business in the city of the
                Valuation Agent on the Local Business Day immediately preceding the
                Valuation Date or date of calculation, as applicable; provided
                that the calculations of Value and Exposure will be made as of
                approximately the same time on the same date.  The Valuation
                Agent will notify each party (or the other party, if the Valuation
                Agent
                is a party) of its calculations not later than the Notification Time
                on
                the applicable Valuation Date (or in the case of Paragraph 6(d),
                the Local
                Business Day following the day on which such relevant calculations
                are
                performed).

            

    

     

    
      	
              (iv)       
                 

            	
              “Notification
                Time” means 11:00 a.m., New York time, on a Local Business
                Day.

            

    

     

    
      	
              (d)  

            	
              Conditions
                Precedent and Secured Party’s Rights and
                Remedies.  The following Termination Events will
                be a “Specified Condition” for the party
                specified (that party being the Affected Party if the Termination
                Event
                occurs with respect to that party):  With respect to Party A:
                any Additional Termination Event with respect to which Party A is
                the sole
                Affected Party.  With respect to Party B:
                None.

            

    

     

    
      	
              (e)  

            	
              Substitution.

            

    

     

    
      	
              (i)       
                    

            	
              “Substitution
                Date” has the meaning specified in Paragraph
                4(d)(ii).

            

    

     

    
      	
              (ii)   
                       

            	
              Consent.  If
                specified here as applicable, then the Pledgor must obtain the Secured
                Party’s consent for any substitution pursuant to Paragraph
                4(d):  Inapplicable.

            

    

     

    
      	
              (f)  

            	
              Dispute
                Resolution.

            

    

     

    
      	
              (i)          
                 

            	
              “Resolution
                Time” means 1:00 p.m. New York time on the Local Business
                Day following the date on which the notice of the dispute is given under
                Paragraph 5.

            

    

     

    
      	
              (ii)         
                 

            	
              Value.  Notwithstanding
                anything to the contrary in Paragraph 12, for the purpose of Paragraphs
                5(i)(C) and 5(ii), the S&P Value and Moody’s Value, , on any date, of
                Eligible Collateral will be calculated as
                follows:

            

    

     

    For
      Eligible Collateral other than Cash set forth in Table 1: the sum of (A) the
      product of (1)(x) the bid price at the Valuation Time for such securities on
      the
      principal national securities exchange on which such securities are listed,
      or
      (y) if such securities are not listed on a national securities exchange, the
      bid
      price for such securities quoted at the Valuation Time by any principal market
      maker for such securities selected by the Valuation Agent, or (z) if no such
      bid
      price is listed or quoted for such date, the bid price listed or quoted (as
      the
      case may be) at the Valuation Time for the day next preceding such date on
      which
      such prices were available and (2) the applicable Valuation Percentage for
      such
      Eligible Collateral, and (B) the accrued interest on such securities (except
      to
      the extent Transferred to the Pledgor pursuant to Paragraph 6(d)(ii) or included
      in the applicable price referred to in the immediately preceding clause (A))
      as
      of such date.

     

    For
      Cash,
      the amount thereof multiplied, in the case of the S&P Value, by the
      applicable S&P Valuation Percentage.

     

    
      	
              (iii)         
                 

            	
              Alternative.  The
                provisions of Paragraph 5 will
                apply.

            

    

     

    
      	
              (g)  

            	
              Holding
                and Using Posted
                Collateral.

            

    

     

    
      	
              (i)         
                  

            	
              Eligibility
                to Hold Posted Collateral; Custodians. Party B (or any
                Custodian) will be entitled to hold Posted Collateral pursuant to
                Paragraph 6(b).

            

    

     

    Party
      B
      may appoint as Custodian (A) the entity then serving as the Supplemental
      Interest Trust Trustee or (B) any entity other than the entity then serving
      as
      the Supplemental Interest Trust Trustee if such other entity (or, to the extent
      applicable, its parent company or credit support provider) shall then have
      credit ratings from S&P at least equal to the Custodian Required Rating
      Threshold.  If at any time the Custodian does not have credit ratings
      from S&P at least equal to the Custodian Required Rating Threshold, the
      Supplemental Interest Trust Trustee must within 60 days obtain a replacement
      Custodian with credit ratings from S&P at least equal to the Custodian
      Required Rating Threshold.

     

    Initially,
      the Custodian for Party B is: The Supplemental Interest Trust
      Trustee.

     

    
      	
              (ii)        
                  

            	
              Use
                of Posted Collateral. The
                provisions of
                Paragraph 6(c) will not apply to Party B or its Custodian; provided,
                however, that if Party A delivers Posted Collateral in book-entry
                form,
                then Paragraph 6(c)(ii) will apply to Party B and its Custodian,
                and Party
                B and its Custodian shall have the rights specified in Paragraph
                6(c)(ii).

            

    

     

    
      	
              (h)  

            	
              Distributions
                and Interest Amount.

            

    

     

    
      	
              (i)       
                    

            	
              Interest
                Rate.  The “Interest
                Rate” will be the actual interest rate earned on Posted
                Collateral in the form of Cash that is held by Party B or its
                Custodian.  Posted Collateral in the form of Cash shall be
                invested in such overnight (or redeemable within two Local Business
                Days
                of demand) Permitted Investments rated at least (x) AAAm or AAAm-G
                by
                S&P and (y) Prime-1 by Moody’s or Aaa by Moody’s as directed by Party
                A (unless (x) an Event of Default or an Additional Termination Event
                has
                occurred with respect to which Party A is the defaulting or sole
                Affected
                Party or (y) an Early Termination Date has been designated, in which
                case
                such Posted Collateral shall be held uninvested).  Gains and
                losses incurred in respect of any investment of Posted Collateral
                in the
                form of Cash in Permitted Investments as directed by Party A shall
                be for
                the account of Party A.

            

    

     

    
      	
              (ii)      
                    

            	
              Transfer
                of Interest Amount. The Transfer of the Interest Amount will
                be made on the second Local Business Day following the end of each
                calendar month and on any other Local Business Day on which Posted
                Collateral in the form of Cash is Transferred to the Pledgor pursuant
                to
                Paragraph 3(b); provided, however, that the obligation of Party B
                to
                Transfer any Interest Amount to Party A shall be limited to the extent
                that Party B has earned and received such funds and such funds are
                available to Party B.  The last sentence of Paragraph 6(d)(ii)
                is hereby amended by adding the words “actually received by Party B but”
                after the words “Interest Amount or portion
                thereof”.

            

    

     

    
      	
              (iii)       
                  

            	
              Alternative
                to Interest Amount. The provisions of Paragraph 6(d)(ii) (as
                amended herein) will apply.

            

    

     

    (iv)           Distributions.  Paragraph
      6(d)(i) shall be deleted in its entirety and replaced with the
      following:

     

    “Distributions.  Subject
      to Paragraph 4(a), if Party B receives Distributions on a Local Business Day,
      it
      will Transfer to Party A not later than the following Local Business Day any
      Distributions it receives to the extent that a Delivery Amount would not be
      created or increased by that Transfer, as calculated by the Valuation Agent
      (and
      the date of calculation will be deemed to be a Valuation Date for this
      purpose).”

     

    
      	
              (i)  

            	
              Additional
                Representation(s).  There are no additional
                representations by either party.

            

    

     

    
      	
              (j)  

            	
              Other
                Eligible Support and Other Posted
                Support.

            

    

     

    
      	
              (i)          
                 

            	
              “Value”
                with respect to Other Eligible Support and Other Posted Support means:
                not
                applicable.

            

    

     

    
      	
              (ii)        
                  

            	
              “Transfer”
                with respect to Other Eligible Support and Other Posted Support means:
                not
                applicable.

            

    

     

    
      	
              (k)  

            	
              Demands
                and Notices.All demands, specifications and notices under
                this Annex will be made pursuant to the Notices Section of this Agreement,
                except that any demand, specification or notice shall be given to
                or made
                at the following addresses, or at such other address as the relevant
                party
                may from time to time designate by giving notice (in accordance with
                the
                terms of this paragraph) to the other
                party:

            

    

     

    If
      to
      Party A:

     

    The
      Bank
      of New York

    Collateral
      Management

    32
      Old
      Slip, 16th Floor

    New
      York,
      New York 10286

    Phone:  (212)
      804-5158

    Fax:    (212)
      804-5818

     

    If
      to
      Party B, at the address specified pursuant to the Notices Section of this
      Agreement.

     

    If
      to
      Party B’s Custodian:

    

    Wells
      Fargo Bank, N.A.

    9062
      Old
      Annapolis Road

    Columbia,
      MD 21045

    Attn:
      Client Manger, Soundview 2007-OPT2

    Phone:
      410-884-2000

    Facsimile:
      410-715-2380

    

    
      	
              (l)  

            	
              Address
                for Transfers.  Each Transfer hereunder shall be
                made to the address specified below or to an address specified in
                writing
                from time to time by the party to which such Transfer will be
                made.

            

    

     

    Party
      A
      account details for holding collateral:  To be notified to Party B to
      Party A at the time of the request for the transfer.

     

    Party
      B’s
      Custodian account details for holding collateral:

    

    Please
      Provide

    

    
      	
              (m)  

            	
              Other
                Provisions.

            

    

     

    
      	
              (i)      
                      

            	
              Collateral
                Account.  Party B shall open and maintain a
                segregated account, and hold, record and identify all Posted Collateral
                in
                such segregated account.

            

    

     

    
      	
              (ii)     
                      

            	
              Agreement
                as to Single Secured Party and Single Pledgor. Party A and
                Party B hereby agree that, notwithstanding anything to the contrary
                in
                this Annex, (a) the term “Secured Party” as used in this Annex means only
                Party B, (b) the term “Pledgor” as used in this Annex means only Party A,
                (c) only Party A makes the pledge and grant in Paragraph 2, the
                acknowledgement in the final sentence of Paragraph 8(a) and the
                representations in Paragraph 9.

            

    

     

    
      	
              (iii)       
                   

            	
              Calculation
                of Value.  Paragraph 4(c) is hereby amended by
                deleting the word “Value” and inserting in lieu thereof “S&P Value
                Moody’s Value”.  Paragraph 4(d)(ii) is hereby amended by (A)
                deleting the words “a Value” and inserting in lieu thereof “an S&P
                Value, and a Moody’s Value,” and (B) deleting the words “the Value” and
                inserting in lieu thereof “S&P Value and Moody’s
                Value”.  Paragraph 5 (flush language) is hereby amended by
                deleting the word “Value” and inserting in lieu thereof “S&P Value, or
                Moody’s Value”.  Paragraph 5(i) (flush language) is hereby
                amended by deleting the word “Value” and inserting in lieu thereof
                “S&P Value, and Moody’s Value”.  Paragraph 5(i)(C) is hereby
                amended by deleting the word “the Value, if” and inserting in lieu thereof
                “any one or more of the S&P Value, or Moody’s Value, as may
                be”.  Paragraph 5(ii) is hereby amended by (1) deleting the
                first instance of the words “the Value” and inserting in lieu thereof “any
                one or more of the S&P Value, or Moody’s Value” and (2) deleting the
                second instance of the words “the Value” and inserting in lieu thereof
                “such disputed S&P Value, or Moody’s Value”.  Each of
                Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended by deleting
                the word “Value” and inserting in lieu thereof “least of the S&P
                Value, and Moody’s Value”.

            

    

     

    
      	
              (iv)    
                      

            	
              Form
                of Annex. Party A and Party B hereby
                agree that the text of Paragraphs 1 through 12, inclusive, of this
                Annex
                is intended to be the printed form of ISDA Credit Support Annex (Bilateral
                Form - ISDA Agreements Subject to New York Law Only version) as published
                and copyrighted in 1994 by the International Swaps and Derivatives
                Association, Inc.

            

    

     

    
      	
              (v)    
                      

            	
              Events
                of Default.  Paragraph 7 will not apply to cause
                any Event of Default to exist with respect to Party B except that
                Paragraph 7(i) will apply to Party B solely in respect of Party B’s
                obligations under Paragraph 3(b) of the Credit Support
                Annex.  Notwithstanding anything to the contrary in Paragraph 7,
                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
                only be an Event of Default if a Moody’s Second Trigger Downgrade Event
                has occurred and is continuing and at least 30 Local Business Days
                have
                elapsed since such Moody’s Second Trigger Downgrade Event first
                occurred.

            

    

     

    
      	
              (vi)     
                    

            	
              Expenses.  Notwithstanding
                anything to the contrary in Paragraph 10, the Pledgor will
                be responsible for, and
                will reimburse the Secured Party for, all transfer and other taxes
                and
                other costs involved in maintenance
                and any Transfer
                of Eligible
                Collateral.

            

    

     

    
      	
              (vii)      
                  

            	
              Withholding.  Paragraph
                6(d)(ii) is
                hereby amended by inserting immediately after “the
                Interest Amount” in the fourth
                line
                thereof  the words “less any applicable
                withholding
                taxes.”

            

    

     

    (viii)         Additional
      Definitions.  As used in this Annex:

     

    “Custodian
      Required Rating
      Threshold”
      means, with respect to an entity, 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+”.

     

    “DV01”
      means, with respect to a
      Transaction and any
      date of determination, the estimated change in the Secured Party’s
      Transaction Exposure with respect to
      such Transaction that would result from a one basis point change in the relevant
      swap curve on such date, as determined
      by the Valuation Agent in good
      faith and in a commercially reasonable manner in accordance with the relevant
      methodology customarily used by the Valuation Agent.  The Valuation
      Agent shall, upon request of Party B, provide to Party B a statement
showing
      in reasonable detail such
      calculation.

     

    “Exposure” has
      the meaning specified in Paragraph
      12, except that (1) after the word “Agreement”
      the words “(assuming, for this purpose
      only, that
      Part 1(f)(i)(A)-(E) of the Schedule is deleted)” shall be inserted
      and (2) at the end of the definition
      of Exposure, the words “with terms that are,
      in all material
      respects, no less beneficial for Party B than those of this
      Agreement” shall be
      added.

     

     “Local
      Business Day” means, for purposes of this Annex: any day on which
      (A) commercial banks are open for business (including dealings in foreign
      exchange and foreign currency deposits) in New York and the location of Party
      A,
      Party B and any Custodian, and (B) in relation to a Transfer of Eligible
      Collateral, any day on which the clearance system agreed between the parties
      for
      the delivery of Eligible Collateral is open for acceptance and execution of
      settlement instructions (or in the case of a Transfer of Cash or other Eligible
      Collateral for which delivery is contemplated by other means a day on which
      commercial banks are open for business (including dealings in foreign exchange
      and foreign deposits) in New York and the location of Party A, Party B and
      any
      Custodian.

     

    “Moody’s
      Credit Support Amount” means, for any Valuation Date:

     

    
      	
               

            	
              (A)

            	
              if
                the Moody’s Threshold for such Valuation Date is zero and (i) it is not
                the case that a Moody’s Second Trigger Downgrade Event has occurred and is
                continuing or (ii) a Moody’s Second Trigger Downgrade Event has occurred
                and is continuing and less than 30 Local Business Days have elapsed
                since
                such Moody’s Second Trigger Downgrade Event first occurred, an amount
                equal to the greater of (x) zero and (y) the sum of the Secured Party’s
                Exposure and the aggregate of Moody’s First Trigger Additional Amounts for
                all Transactions and such Valuation
                Date;

            

    

     

    
      	
               

            	
              (B)

            	
              if
                the Moody’s Threshold for such Valuation Date is zero and a Moody’s Second
                Trigger Downgrade Event has occurred and is continuing and at least
                30
                Local Business Days have elapsed since such Moody’s Second Trigger
                Downgrade Event first occurred, an amount equal to the greatest of
                (x)
                zero, (y) the aggregate amount of the Next Payments for all Next
                Payment
                Dates, and (z) the sum of the Secured Party’s Exposure and the aggregate
                of Moody’s Second Trigger Additional Amounts for all Transactions and such
                Valuation Date; or

            

    

     

    (C)           if
      the Moody’s Threshold for such Valuation Date is infinity, zero.

     

    “Moody’s
      First Trigger Additional Amount” means, for any Valuation Date and
      any Transaction, the least of (x) the product of the Moody’s First Trigger DV01
      Multiplier and DV01 for such Transaction and such Valuation Date, (y) the
      product of (i) Moody’s First Trigger Notional Amount Multiplier, (ii) the Scale
      Factor, if any, for such Transaction, or, if no Scale Factor is applicable
      for
      such Transaction, one, and (iii) the Notional Amount for such Transaction for
      the Calculation Period for such Transaction (each as defined in the related
      Confirmation) which includes such Valuation Date, and (z) the product of (i)
      the
      applicable Moody’s First Trigger Factor set forth in Table 2A, (ii) the Scale
      Factor, if any, for such Transaction, or, if no Scale Factor is applicable
      for
      such Transaction, one, and (iii) the Notional Amount for such Transaction for
      the Calculation Period for such Transaction (each as defined in the related
      Confirmation) which includes such Valuation Date.

     

    “Moody’s
      First Trigger Downgrade 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 DV01 Multiplier” means 15.

     

    “Moody’s
      First Trigger Notional Amount Multiplier” means 2%.

     

    “Moody’s
      First Trigger Value” means, on any date and with respect to any
      Eligible Collateral other than Cash, the bid price obtained by the Valuation
      Agent multiplied by the Moody’s First Trigger Valuation Percentage for such
      Eligible Collateral set forth in Table 1A, Column A.

     

    “Moody’s
      Second Trigger Additional Amount” means, for any Valuation Date
      and any Transaction,

     

    
      	
               

            	
              (A)

            	
              if
                such Transaction is not a Transaction-Specific Hedge, the least of
                (i) the
                product of the Moody’s Second Trigger DV01 Multiplier and DV01 for such
                Transaction and such Valuation Date, (ii) the product of (1) the
                Moody’s
                Second Trigger Notional Amount Multiplier, (2) the Scale Factor,
                if any,
                for such Transaction, or, if no Scale Factor is applicable for such
                Transaction, one, and (3) the Notional Amount for such Transaction
                for the
                Calculation Period of such Transaction (each as defined in the related
                Confirmation) which includes such Valuation Date, and (iii) the product
                of
                (1) the applicable Moody’s Second Trigger Factor set forth in Table 2C,
                (2) the Scale Factor, if any, for such Transaction, or, if no Scale
                Factor
                is applicable for such Transaction, one, and (3) the Notional Amount
                for
                such Transaction for the Calculation Period for such Transaction
                (each as
                defined in the related Confirmation) which includes such Valuation
                Date;
                or

            

    

     

    
      	
               

            	
              (B)

            	
              if
                such Transaction is a Transaction-Specific Hedge, the least of (i)
                the
                product of the Moody’s Second Trigger Transaction-Specific Hedge DV01
                Multiplier and DV01 for such Transaction and such Valuation Date,
                (ii) the
                product of (1) the Moody’s Second Trigger Transaction-Specific Hedge
                Notional Amount Multiplier, (2) the Scale Factor, if any, for such
                Transaction, or, if no Scale Factor is applicable for such Transaction,
                one, and (3) the Notional Amount for such Transaction for the Calculation
                Period for such Transaction (each as defined in the related Confirmation)
                which includes such Valuation Date, and (iii) the product of (1)
                the
                applicable Moody’s Second Trigger Factor set forth in Table 2B, (2) the
                Scale Factor, if any, for such Transaction, or, if no Scale Factor
                is
                applicable for such Transaction, one, and (3) the Notional Amount
                for such
                Transaction for the Calculation Period for such Transaction (each
                as
                defined in the related Confirmation) which includes such Valuation
                Date.

            

    

     

    “Moody’s
      Second Trigger DV01 Multiplier” means 50.

     

    “Moody’s
      Second Trigger Notional Amount Multiplier” means 8%.

     

    “Moody’s
      Second Trigger Transaction-Specific Hedge DV01 Multiplier” means
      65.

     

    “Moody’s
      Second Trigger Transaction-Specific Hedge Notional Amount
      Multiplier” means 10%.

     

    “Moody’s
      Valuation Percentage” means, with respect to a Valuation Date and
      each item of Eligible Collateral,

     

    
      	
               

            	
              (A)

            	
              if
                the Moody’s Threshold for such Valuation Date is zero and (i) it is not
                the case that a Moody’s Second Trigger Downgrade Event has occurred and is
                continuing or (ii) a Moody’s Second Trigger Downgrade Event has occurred
                and is continuing and less than 30 Local Business Days have elapsed
                since
                such Moody’s Second Trigger Downgrade Event first occurred, the
                corresponding percentage for such Eligible Collateral in Table 1A,
                Column
                A, or

            

    

     

    
      	
               

            	
              (B)

            	
              if
                a Moody’s Second Trigger Downgrade Event has occurred and is continuing
                and at least 30 Local Business Days have elapsed since such Moody’s Second
                Trigger Downgrade Event first occurred, the corresponding percentage
                for
                such Eligible Collateral in Table 1A, Column
                B.

            

    

     

    “Moody’s
      Value” means, on any date and with respect to any Eligible
      Collateral the product of (x) the bid price obtained by the Valuation Agent
      and
      (y) the applicable Moody’s Valuation Percentage
      set forth in Table 1A.

     

    “Next
      Payment” means, in respect of each Next Payment Date, the greater
      of (i) the aggregate amount of any payments due to be made by Party A under
      Section 2(a) on such Next Payment Date less the aggregate amount of any payments
      due to be made by Party B under Section 2(a) on such Next Payment Date (any
      such
      payments determined based on rates prevailing the date of determination) and
      (ii) zero.

     

    “Next
      Payment Date” means each date on which the next scheduled payment
      under any Transaction is due to be paid.

     

    “Pricing
      Sources” means the sources of financial information commonly known
      as Bloomberg, Bridge Information Services, Data Resources Inc., Interactive
      Data
      Services, International Securities Market Association, Merrill Lynch Securities
      Pricing Service, Muller Data Corporation, Reuters, Wood Gundy, Trepp Pricing,
      JJ
      Kenny, S&P and Telerate.

     

    “Remaining
      Weighted Average Maturity” means, with respect to a
      Transaction, the expected weighted average maturity for such Transaction as
      determined by the Valuation Agent.

     

    “S&P
      Approved Ratings Downgrade Event” means that no Relevant Entity
      has credit ratings from S&P at least equal to the S&P Approved Ratings
      Threshold.

     

    “S&P
      Credit Support Amount” means, for any Valuation Date:

     

    
      	
               

            	
              (A)

            	
              if
                the S&P Threshold for such Valuation Date is zero and it is not the
                case that an S&P Required Ratings Downgrade Event has occurred and
                been continuing for at least 10 Local Business Days, an amount equal
                to
                the Secured Party’s Exposure;

            

    

     

    
      	
               

            	
              (B)

            	
              if
                the S&P Threshold for such Valuation Date is zero and it is the case
                that an S&P Required Ratings Downgrade Event has occurred and been
                continuing for at least 10 Local Business Days, an amount equal to
                125% of
                the Secured Party’s Exposure; or

            

    

     

    (C)           if
      the S&P Threshold for such Valuation Date is infinity, zero.

     

    “S&P
      Valuation Percentage” means, with respect to a Valuation Date and
      each item of Eligible Collateral,

     

    
      	
               

            	
              (A)

            	
              if
                the S&P Threshold for such Valuation Date is zero and it is not the
                case that a S&P Required Ratings Downgrade Event has occurred and been
                continuing for at least 10 Local Business Days, the corresponding
                percentage for such Eligible Collateral in Table 1B, Column A,
                or

            

    

     

    
      	
               

            	
              (B)

            	
              if
                an S&P Required Ratings Downgrade Event has occurred and been
                continuing for at least 10 Local Business Days, the corresponding
                percentage for such Eligible Collateral in Table 1B, Column
                B.

            

    

     

    “S&P
      Value” means, on any date and with respect to any Eligible
      Collateral, (A) in the case of Eligible Collateral other than Cash, the product
      of (x) the bid price obtained by the Valuation Agent for such Eligible
      Collateral and (y) the applicable S&P Valuation Percentage for such Eligible
      Collateral set forth in Table 1B and (B) in the case of Cash, the amount
      thereof  multiplied by the applicable S&P Valuation
      Percentage.

     

    “Transaction
      Exposure” means, for any Transaction, Exposure determined as if
      such Transaction were the only Transaction between the Secured Party and the
      Pledgor.

     

    “Transaction-Specific
      Hedge” means any
      Transaction that is (i) an interest rate swap in respect of which (x) the
      notional amount of the interest rate swap is “balance guaranteed” or (y) the
      notional amount of the interest rate swap for any Calculation Period (as defined
      in the related Confirmation) otherwise is not a specific dollar amount that
      is
      fixed at the inception of the Transaction, (ii) an interest rate cap, (iii)
      an
      interest rate floor or (iv) an interest rate swaption.

     

    “Valuation
      Percentage” shall mean, for purposes of determining the S&P
      Value, Moody’s Value, Fitch Value, or DBRS Value with respect to any Eligible
      Collateral or Posted Collateral, the applicable S&P Valuation Percentage or
      Moody’s Valuation Percentage for such Eligible Collateral or Posted Collateral,
      respectively, in each case as set forth in Table 1.

     

    “Value”
      shall mean, in respect of any date, the related S&P Value, and the related
      Moody’s Value.

     

    [Remainder
      of this page intentionally left blank]

     

     

    IN
      WITNESS WHEREOF, the parties have
      executed this Annex by their duly authorized representatives as of the date
      of
      the Agreement.

     

     

    
      	
              The
                Bank of New York 

            	 	
              
                Wells
                  Fargo Bank, N.A., not in its individual capacity, but solely as
                  the
                  Supplemental Interest Trust Trustee on behalf of the Supplemental
                  Interest
                  Trust with respect to the Soundview Mortgage Loan Trust 2007-OPT2,
                  Asset-Backed Certificates, Series 2007-OPT2

              

            	 
	 	 	 	 	 	 
	By:	
              /s/

            	 	By:	
            	 
	 	
              Name:

            	 	 	
              Name:

            	 
	 	
              Title:

            	 	 	
              Title:

            	 
	 	
              Date:

            	 	 	
              Date:

            	 

    

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Table
      1A

    Eligible
      Collateral

    Moody’s

     

     

    Valuation
      Date (and Valuation Percentage column):  Daily

     

    Moody’s
      Valuation Percentage columns:

    *
      Column
      A sets out the percentage applicable when the percentage in Column B is not
      applicable.

    *
      Column
      B sets out the percentage applicable when a Moody’s Second Trigger Downgrade
      Event has occurred and is continuing and at least 30 Local Business Days have
      elapsed since such Moody’s Second Trigger Downgrade Event first
      occurred.

     

    
      	
              Eligible
                Collateral & Valuation Percentages (Moody’s )

            
	 	 	
              Valuation
                Percentage

            	
              Valuation
                Percentage

            
	 	 	
              Moody’s
                (Daily)

            	
              Moody’s
                (Weekly)

            
	
              A

            	
              B

            	
              A

            	
              B

            
	
              (A)

            	
              Cash:  U.S.
                Dollars in depositary account form

            	
              100%

            	
              100

            	
              100%

            	
              100%

            
	
              (B)

            	
              Floating-rate
                U.S. Treasury Securities:  Floating-rate negotiable debt
                obligations issued by the U.S. Treasury Department after July 18,
                1984
                (“Floating-rate Treasuries”) (all maturities).

            	
              100%

            	
              99%

            	
              100%

            	
              99%

            
	
              (C)

            	
              U.S.
                Treasury Securities:  Fixed-rate negotiable debt
                obligations issued by the U.S. Treasury Department after July 18,
                1984
                (“Fixed-rate Treasuries”) having a remaining maturity of up to
                and not more than 1 year.

            	
              100%

            	
              100%

            	
              100%

            	
              100%

            
	
              (D)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 1 year but
                not more
                than 2 years.

            	
              100%

            	
              99%

            	
              100%

            	
              99%

            
	
              (E)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 2 years but
                not
                more than 3 years.

            	
              100%

            	
              98%

            	
              100%

            	
              98%

            
	
              (F)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 3 years but
                not
                more than 5 years.

            	
              100%

            	
              97%

            	
              100%

            	
              97%

            
	
              (G)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 5 years but
                not
                more than 7 years.

            	
              100%

            	
              96%

            	
              100%

            	
              95%

            
	
              (H)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 7 years but
                not
                more than 10 years.

            	
              100%

            	
              94%

            	
              100%

            	
              94%

            
	
              (I)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 10 years but
                not
                more than 20 years.

            	
              100%

            	
              90%

            	
              100%

            	
              89%

            
	
              (J)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 20 years but
                not
                more than 30 years.

            	
              100%

            	
              88%

            	
              100%

            	
              87%

            
	
              (K)

            	
              Floating-rate
                Agency Securities:  Floating-rate negotiable debt
                obligations of the Federal National Mortgage Association (FNMA),
                Federal
                Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Banks (FHLB),
                Federal Farm Credit Banks (FFCB), Tennessee Valley Authority (TVA)
                (collectively, “Floating-rate Agency Securities”) (all
                maturities).

            	
              100%

            	
              98%

            	
              100%

            	
              98%

            
	
              (L)

            	
              Fixed-rate
                Agency Securities: Fixed-rate negotiable debt obligations of the
                Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage
                Corporation (FHLMC), Federal Home Loan Banks (FHLB), Federal Farm
                Credit
                Banks (FFCB), Tennessee Valley Authority (TVA) (collectively,
                “Fixed-rate Agency Securities”) issued after July 18, 1984 and
                having a remaining maturity of not more than 1 year.

            	
              100%

            	
              99%

            	
              100%

            	
              99%

            
	
              (M)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 1 year
                but
                not more than 2 years.

            	
              100%

            	
              99%

            	
              100%

            	
              98%

            
	
              (N)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 2 years
                but
                not more than 3 years.

            	
              100%

            	
              98%

            	
              100%

            	
              97%

            
	
              (O)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 3 years
                but
                not more than 5 years.

            	
              100%

            	
              96%

            	
              100%

            	
              96%

            
	
              (P)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 5 years
                but
                not more than 7 years.

            	
              100%

            	
              93%

            	
              100%

            	
              94%

            
	
              (Q)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 7 years
                but
                not more than 10 years.

            	
              100%

            	
              93%

            	
              100%

            	
              93%

            
	
              (R)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 10
                years but
                not more than 20 years.

            	
              100%

            	
              89%

            	
              100%

            	
              88%

            
	
              (S)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 20
                years but
                not more than 30 years.

            	
              100%

            	
              87%

            	
              100%

            	
              86%

            
	
              (T)

            	
              FHLMC
                Certificates. Mortgage participation certificates issued by FHLMC
                evidencing undivided interests or participations in pools of first
                lien
                conventional or FHA/VA residential mortgages or deeds of trust, guaranteed
                by FHLMC, issued after July 18, 1984 and having a remaining maturity
                of
                not more than 30 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (U)

            	
              FNMA
                Certificates. Mortgage-backed pass-through certificates issued by
                FNMA evidencing undivided interests in pools of first lien mortgages
                or
                deeds of trust on residential properties, guaranteed by FNMA, issued
                after
                July 18, 1984 and having a remaining maturity of not more than 30
                years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (V)

            	
              GNMA
                Certificates. Mortgage-backed pass-through certificates issued by
                private entities, evidencing undivided interests in pools of first
                lien
                mortgages or deeds of trust on single family residences, guaranteed
                by the
                Government National Mortgage Association (GNMA) with the full faith
                and
                credit of the United States, issued after July 18, 1984 and having
                a
                remaining maturity of not more than 30 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (W)

            	
              Commercial
                Mortgage-Backed Securities. Floating rate commercial mortgage-backed
                securities rated AAA by two major rating agencies (including S&P if
                S&P is a Rating Agency hereunder) with a minimum par or face amount
                of
                $250 million (excluding securities issued under Rule 144A)
                (“Commercial Mortgage-Backed Securities”) having a remaining
                maturity of not more than 5 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (X)

            	
              Commercial
                Mortgage-Backed Securities having a remaining maturity of more than
                5
                years and not more than 10 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (Y)

            	
              Commercial
                Mortgage-Backed Securities having a remaining maturity of more than
                10
                years.

            	
               

            	
               

            	
              *

            	
              *

            
	
              (Z)

            	
              Commercial
                Paper. Commercial Paper with a rating of at least P-1 by Moody’s and
                at least A-1+ by S&P and having a remaining maturity of not more than
                30 days.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (AA)

            	
              Other
                Items of Credit Support approved by the Rating Agencies to the extent
                the
                Certificates or any Notes are rated.

            	
              *

            	
              *

            	
              *

            	
              *

            

    

     

    *
      zero or
      such higher percentage in respect of which Moody’s has delivered a ratings
      affirmation.

     

    Table
      1B

    Eligible
      Collateral

    S&P

     

    Valuation
      Date (and Valuation Percentage column):  Daily

    S&P
      Valuation Percentage columns:

    *
      Column
      A sets out the percentage applicable when the percentage in Column B is not
      applicable.

    *
      Column
      B sets out the percentage applicable when an S&P Required Ratings Downgrade
      Event has occurred and is continuing for at least 10 Local Business
      Days.

     

    
      	
              Eligible
                Collateral & Valuation Percentages (S&P)

            
	 	
              Valuation
                Percentage

            	
              Valuation
                Percentage

            
	 	
              S&P
                (Daily)

            	
              S&P
                (Weekly)

            
	
              A

            	
              B

            	
              A

            	
              B

            
	
              (A)

            	
              Cash:  U.S.
                Dollars in depositary account form

            	
              100%

            	
              80%

            	
              100%

            	
              80%

            
	
              (B)

            	
              Floating-rate
                U.S. Treasury Securities:  Floating-rate negotiable debt
                obligations issued by the U.S. Treasury Department after July 18,
                1984
                (“Floating Rate Treasuries”) (all maturities).

            	
              n/a

            	
              n/a

            	
              n/a

            	
              n/a

            
	
              (C)

            	
              Fixed-rate
                U.S. Treasury Securities:  Fixed-rate negotiable debt
                obligations issued by the U.S. Treasury Department after July 18,
                1984
                (“Fixed-rate Treasuries”) having a remaining maturity of up to
                and not more than 1 year.

            	
              98.9%

            	
              79.1%

            	
              98%

            	
              78.4%

            
	
              (D)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 1 year but
                not more
                than 2 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (E)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 2 years but
                not
                more than 3 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (F)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 3 years but
                not
                more than 5 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (G)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 5 years but
                not
                more than 7 years.

            	
              93.7%

            	
              75.0%

            	
              92.6%

            	
              74.1%

            
	
              (H)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 7 years but
                not
                more than 10 years.

            	
              92.6%

            	
              74.1%

            	
              92.6%

            	
              74.1%

            
	
              (I)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 10 years but
                not
                more than 20 years.

            	
              91.1%

            	
              72.9%

            	
              87.9%

            	
              70.3%

            
	
              (J)

            	
              Fixed-rate
                Treasuries having a remaining maturity of greater than 20 years but
                not
                more than 30 years.

            	
              88.6%

            	
              70.9%

            	
              84.6%

            	
              67.7%

            
	
              (K)

            	
              Floating-rate
                Agency Securities:  Floating-rate negotiable debt
                obligations of the Federal National Mortgage Association (FNMA),
                Federal
                Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Banks (FHLB),
                Federal Farm Credit Banks (FFCB), Tennessee Valley Authority (TVA)
                (collectively, “Floating-rate Agency Securities”) (all
                maturities).

            	
              n/a

            	
              n/a

            	
              n/a

            	
              n/a

            
	
              (L)

            	
              Fixed-rate
                Agency Securities: fixed-rate negotiable debt obligations of the
                Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage
                Corporation (FHLMC), Federal Home Loan Banks (FHLB), Federal Farm
                Credit
                Banks (FFCB), Tennessee Valley Authority (TVA) (collectively,
                “Fixed-rate Agency Securities”) issued after July 18, 1984 and
                having a remaining maturity of not more than 1 year.

            	
              98.5%

            	
              78.8%

            	
              98%

            	
              78.4%

            
	
              (M)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 1 year
                but
                not more than 2 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (N)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 2 years
                but
                not more than 3 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (O)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 3 years
                but
                not more than 5 years.

            	
              98.0%

            	
              78.4%

            	
              98%

            	
              78.4%

            
	
              (P)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 5 years
                but
                not more than 7 years.

            	
              92.6%

            	
              74.1%

            	
              92.6%

            	
              74.1%

            
	
              (Q)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 7 years
                but
                not more than 10 years.

            	
              92.6%

            	
              74.1%

            	
              92.6%

            	
              74.1%

            
	
              (R)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 10
                years but
                not more than 20 years.

            	
              87.7%

            	
              70.2%

            	
              82.6%

            	
              66.1%

            
	
              (S)

            	
              Fixed-rate
                Agency Securities having a remaining maturity of greater than 20
                years but
                not more than 30 years.

            	
              84.4%

            	
              67.5%

            	
              77.9%

            	
              62.3%

            
	
              (T)

            	
              FHLMC
                Certificates. Mortgage participation certificates issued by FHLMC
                evidencing undivided interests or participations in pools of first
                lien
                conventional or FHA/VA residential mortgages or deeds of trust, guaranteed
                by FHLMC, issued after July 18, 1984 and having a remaining maturity
                of
                not more than 30 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (U)

            	
              FNMA
                Certificates. Mortgage-backed pass-through certificates issued by
                FNMA evidencing undivided interests in pools of first lien mortgages
                or
                deeds of trust on residential properties, guaranteed by FNMA, issued
                after
                July 18, 1984 and having a remaining maturity of not more than 30
                years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (V)

            	
              GNMA
                Certificates. Mortgage-backed pass-through certificates issued by
                private entities, evidencing undivided interests in pools of first
                lien
                mortgages or deeds of trust on single family residences, guaranteed
                by the
                Government National Mortgage Association (GNMA) with the full faith
                and
                credit of the United States, issued after July 18, 1984 and having
                a
                remaining maturity of not more than 30 years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (W)

            	
              Commercial
                Mortgage-Backed Securities. Floating rate commercial mortgage-backed
                securities rated AAA by two major rating agencies (including S&P if
                S&P is a Rating Agency hereunder) with a minimum par or face amount
                of
                $250 million (excluding securities issued under Rule 144A)
                (“Commercial Mortgage-Backed Securities”) having a remaining
                maturity of not more than 5 years.

            	
              *

            	
              *

            	
              95.2%

            	
              76.2%

            
	
              (X)

            	
              Commercial
                Mortgage-Backed Securities having a remaining maturity of more than
                5
                years and not more than 10 years.

            	
              *

            	
              *

            	
              87.0%

            	
              69.6%

            
	
              (Y)

            	
              Commercial
                Mortgage-Backed Securities having a remaining maturity of more than
                10
                years.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (Z)

            	
              Commercial
                Paper. Commercial Paper with a rating of at least P-1 by Moody’s and
                at least A-1+ by S&P and having a remaining maturity of not more than
                30 days.

            	
              *

            	
              *

            	
              *

            	
              *

            
	
              (AA)

            	
              Other
                Items of Credit Support approved by the Rating Agencies to the extent
                the
                Certificates or any Notes are rated.

            	
              *

            	
              *

            	
              *

            	
              *

            

    

     

    *
      to be
      completed with valuation percentages supplied or published by
      S&P.

     

    In
      addition to the foregoing, the
      following will constitute Eligible Collateral, at the valuation percentages
      indicated (weekly valuation
      basis) or to be supplied or as published by S&P (daily valuation
      basis):

     

    
      	
              Other
                Eligible Collateral and Valuation Percentages (S&P)

            
	
              Eligible
                Collateral

              (Cash
                and Securities)

            	
              Valuation
                Percentage

              (Daily)

              A

            	
              Valuation
                Percentage

              (Daily)

              B

            	
              Valuation
                Percentage

              (Weekly)

              A

            	
              Valuation
                Percentage

              (weekly)

              B

            
	
              Cash

            	
              100%

            	
              80%

            	
              100%

            	
              80%

            
	
              Category
                No. 1: U.S. treasuries (current coupon, constant maturity), 'AAA'
                U.S.
                agencies, 'AAA' covered bonds (floating), 'AAA' sovereign bonds
                (floating), 'AAA', 'AA' credit card ABS (floating), 'AAA', 'AA' auto
                ABS
                (floating), and 'AAA' U.S. student loan ABS (floating) having a remaining
                maturity of less than five years

            	
              *

            	
              *

            	
              98%

            	
              78.4%

            
	
              Category
                No. 1: U.S. treasuries (current coupon, constant maturity), 'AAA'
                U.S.
                agencies, 'AAA' covered bonds (floating), 'AAA' sovereign bonds
                (floating), 'AAA', 'AA' credit card ABS (floating), 'AAA', 'AA' auto
                ABS
                (floating), and 'AAA' U.S. student loan ABS (floating) having a remaining
                maturity of greater than or equal to five years and less than or
                equal to
                10 years

            	
              *

            	
              *

            	
              92%

            	
              74.1%

            
	
              Category
                No. 2: 'AAA' covered bonds (fixed), 'AAA' sovereign bonds (fixed),
                'A'
                credit card ABS (floating), 'A' auto ABS (floating), 'AAA' CMBS
                (floating), 'AAA' CDO (floating) 'AA', 'A' U.S. student loan ABS
                (floating), and 'AAA, 'AA' corporate bonds (fixed or floating) having
                a
                remaining maturity of less than five years

            	
              *

            	
              *

            	
              95%

            	
              76%

            
	
              Category
                No. 2: 'AAA' covered bonds (fixed), 'AAA' sovereign bonds (fixed),
                'A'
                credit card ABS (floating), 'A' auto ABS (floating), 'AAA' CMBS
                (floating), 'AAA' CDO (floating), 'AA', 'A' U.S. student loan ABS
                (floating), and 'AAA', 'AA' U.S. and European corporate bonds (fixed
                or
                floating) having a remaining maturity of greater than or equal to
                five
                years and less than or equal to 10 years

            	
              *

            	
              *

            	
              87%

            	
              69.6%

            
	
              Category
                No. 3: 'BBB' credit card ABS (floating), 'BBB' auto ABS (floating),
                AA',
                'A' CDO (floating), 'BBB' U.S. student loan ABS (floating), and 'A'
                corporate bonds (fixed or floating) having a remaining maturity of
                less
                than five years

            	
              *

            	
              *

            	
              80%

            	
              64%

            
	
              Category
                No. 3: 'BBB' credit card ABS (floating), 'BBB' auto ABS (floating),
                'AA',
                'A' CDO (floating), 'BBB' U.S. student loan ABS (floating), and 'A'
                corporate bonds (fixed or floating) having a remaining maturity of
                greater
                than or equal to five years and less than or equal to 10
                years

            	
              *

            	
              *

            	
              71.4%

            	
              57.1%

            

    

     

    *
      To be
      completed with valuation percentages supplied or published by
      S&P.

     

    Table
      2A

    Moody’s
      First Trigger Factor

     

    Valuation
      Date (and Valuation Percentage column):  Daily

    The
      following percentages shall be used in the calculation of the Moody's First
      Trigger Factor.

     

    
      	
              Weighted
                Average Life of

              Transaction
                in Years

            	
              Valuation
                Date (Daily)

            	
              Valuation
                Date (Weekly)

            
	
              1
                or less

            	
              0.15%

            	
              0.25%

            
	
              More
                than 1 but not more than 2

            	
              0.30%

            	
              0.50%

            
	
              More
                than 2 but not more than 3

            	
              0.40%

            	
              0.70%

            
	
              More
                than 3 but not more than 4

            	
              0.60%

            	
              1.00%

            
	
              More
                than 4 but not more than 5

            	
              0.70%

            	
              1.20%

            
	
              More
                than 5 but not more than 6

            	
              0.80%

            	
              1.40%

            
	
              More
                than 6 but not more than 7

            	
              1.00%

            	
              1.60%

            
	
              More
                than 7 but not more than 8

            	
              1.10%

            	
              1.80%

            
	
              More
                than 8 but not more than 9

            	
              1.20%

            	
              2.00%

            
	
              More
                than 9 but not more than 10

            	
              1.30%

            	
              2.20%

            
	
              More
                than 10 but not more than 11

            	
              1.40%

            	
              2.30%

            
	
              More
                than 11 but not more than 12

            	
              1.50%

            	
              2.50%

            
	
              More
                than 12 but not more than 13

            	
              1.60%

            	
              2.70%

            
	
              More
                than 13 but not more than 14

            	
              1.70%

            	
              2.80%

            
	
              More
                than 14 but not more than 15

            	
              1.80%

            	
              3.00%

            
	
              More
                than 15 but not more than 16

            	
              1.90%

            	
              3.20%

            
	
              More
                than 16 but not more than 17

            	
              2.00%

            	
              3.30%

            
	
              More
                than 17 but not more than 18

            	
              2.00%

            	
              3.50%

            
	
              More
                than 18 but not more than 19

            	
              2.00%

            	
              3.60%

            
	
              More
                than 20 but not more than 21

            	
              2.00%

            	
              3.70%

            
	
              More
                than 21 but not more than 22

            	
              2.00%

            	
              3.90%

            
	
              More
                than 22

            	
              2.00%

            	
              4.00%

            

    

     

    Table
      2B

    Moody’s
      Second TriggerFactor

    (Transaction
      Specific hedges)

     

    Valuation
      Date (and Valuation Percentage column):  Daily

    The
      following percentages shall be used in the calculation of the Moody's Second
      Trigger Factor with respect to any Transaction that is a Transaction-Specific
      Hedge.

     

    
      	
              Weighted
                Average Life of Transaction in Years

            	
              Valuation
                Date (Daily)

            	
              Valuation
                Date (Weekly)

            
	
              1
                or less

            	
              0.65%

            	
              0.75%

            
	
              More
                than 1 but not more than 2

            	
              1.30%

            	
              1.50%

            
	
              More
                than 2 but not more than 3

            	
              1.90%

            	
              2.20%

            
	
              More
                than 3 but not more than 4

            	
              2.50%

            	
              2.90%

            
	
              More
                than 4 but not more than 5

            	
              3.10%

            	
              3.60%

            
	
              More
                than 5 but not more than 6

            	
              3.60%

            	
              4.20%

            
	
              More
                than 6 but not more than 7

            	
              4.20%

            	
              4.80%

            
	
              More
                than 7 but not more than 8

            	
              4.70%

            	
              5.40%

            
	
              More
                than 8 but not more than 9

            	
              5.20%

            	
              6.00%

            
	
              More
                than 9 but not more than 10

            	
              5.70%

            	
              6.60%

            
	
              More
                than 10 but not more than 11

            	
              6.10%

            	
              7.00%

            
	
              More
                than 11 but not more than 12

            	
              6.50%

            	
              7.50%

            
	
              More
                than 12 but not more than 13

            	
              7.00%

            	
              8.00%

            
	
              More
                than 13 but not more than 14

            	
              7.40%

            	
              8.50%

            
	
              More
                than 14 but not more than 15

            	
              7.80%

            	
              9.00%

            
	
              More
                than 15 but not more than 16

            	
              8.20%

            	
              9.50%

            
	
              More
                than 16 but not more than 17

            	
              8.60%

            	
              9.90%

            
	
              More
                than 17 but not more than 18

            	
              9.00%

            	
              10.40%

            
	
              More
                than 18 but not more than 19

            	
              9.40%

            	
              10.80%

            
	
              More
                than 20 but not more than 21

            	
              9.70%

            	
              11.00%

            
	
              More
                than 21 but not more than 22

            	
              10.00%

            	
              11.00%

            
	
              More
                than 22

            	
              10.00%

            	
              11.00%

            

    

     

    Table
      2C

    Moody’s
      Second Trigger Factor

    (Non-Transaction
      Specific hedges)

     

    Valuation
      Date (and Valuation Percentage column):  Daily

    The
      following percentages shall be used in the calculation of the Moody's Second
      Trigger Factor with respect to any Transaction that is not a
      Transaction-Specific Hedge.

     

    
      	
              Weighted
                Average Life of Transaction in Years

            	
              Valuation
                Date (Daily)

            	
              Valuation
                Date (Weekly)

            
	
              1
                or less

            	
              0.50%

            	
              0.60%

            
	
              More
                than 1 but not more than 2

            	
              1.00%

            	
              1.20%

            
	
              More
                than 2 but not more than 3

            	
              1.50%

            	
              1.70%

            
	
              More
                than 3 but not more than 4

            	
              1.90%

            	
              2.30%

            
	
              More
                than 4 but not more than 5

            	
              2.40%

            	
              2.80%

            
	
              More
                than 5 but not more than 6

            	
              2.80%

            	
              3.30%

            
	
              More
                than 6 but not more than 7

            	
              3.20%

            	
              3.80%

            
	
              More
                than 7 but not more than 8

            	
              3.60%

            	
              4.30%

            
	
              More
                than 8 but not more than 9

            	
              4.00%

            	
              4.80%

            
	
              More
                than 9 but not more than 10

            	
              4.40%

            	
              5.30%

            
	
              More
                than 10 but not more than 11

            	
              4.70%

            	
              5.60%

            
	
              More
                than 11 but not more than 12

            	
              5.00%

            	
              6.00%

            
	
              More
                than 12 but not more than 13

            	
              5.40%

            	
              6.40%

            
	
              More
                than 13 but not more than 14

            	
              5.70%

            	
              6.80%

            
	
              More
                than 14 but not more than 15

            	
              6.00%

            	
              7.20%

            
	
              More
                than 15 but not more than 16

            	
              6.30%

            	
              7.60%

            
	
              More
                than 16 but not more than 17

            	
              6.60%

            	
              7.90%

            
	
              More
                than 17 but not more than 18

            	
              6.90%

            	
              8.30%

            
	
              More
                than 18 but not more than 19

            	
              7.20%

            	
              8.60%

            
	
              More
                than 20 but not more than 21

            	
              7.50%

            	
              9.00%

            
	
              More
                than 21 but not more than 22

            	
              7.80%

            	
              9.00%

            
	
              More
                than 22

            	
              8.00%

            	
              9.00%

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      R

    

    SERVICING
      CRITERIA TO BE ADDRESSED

    IN
      ASSESSMENT OF COMPLIANCE

    

    Definitions

    Primary
      Servicer – transaction party having borrower contact

    Master
      Servicer – aggregator of pool assets

    Securities
      Administrator – waterfall calculator (may be the Trustee, or may be the Master
      Servicer)

    Back-up
      Servicer – named in the transaction (in the event a Back up Servicer becomes the
      Primary Servicer, follow Primary Servicer obligations)

    Custodian
      – safe keeper of pool assets

    Paying
      Agent – distributor of funds to ultimate investor

    Trustee
–
      fiduciary of the transaction

    

    Note:  The
      definitions above describe the essential function that the party performs,
      rather than the party’s title.  So, for example, in a particular
      transaction, the trustee may perform the “paying agent” and “securities
      administrator” functions, while in another transaction, the securities
      administrator may perform these functions.

    

    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

    [X]
–
under
      consideration for
      obligation

    

    
      	
              
                Reg
                  AB Reference

              

            	
              
                Servicing
                  Criteria

              

            	
              
                Primary
                  Servicer

              

            	
              
                Master
                  Servicer

              

            	
              
                Trustee

              

            
	 	
              General
                Servicing Considerations

            	 	 	 
	
              1122(d)(1)(i)

            	
              Policies
                and procedures are instituted to monitor any performance or other
                triggers
                and events of default in accordance with the transaction
                agreements.

            	
              X

            	
              X

            	
              X

            
	
              1122(d)(1)(ii)

            	
              If
                any material servicing activities are outsourced to third parties,
                policies and procedures are instituted to monitor the third party’s
                performance and compliance with such servicing activities.

            	
              To
                the extent applicable

            	
              X

            	 
	
              1122(d)(1)(iii)

            	
              Any
                requirements in the transaction agreements to maintain a back-up
                servicer
                for the Pool Assets are maintained.

            	 	 	 
	
              1122(d)(1)(iv)

            	
              A
                fidelity bond and errors and omissions policy is in effect on the
                party
                participating in the servicing function throughout the reporting
                period in
                the amount of coverage required by and otherwise in accordance with the
                terms of the transaction agreements.

            	
              X

            	
              X

            	 
	 	
              Cash
                Collection and Administration

            	 	 	 
	
              1122(d)(2)(i)

            	
              Payments
                on pool assets are deposited into the appropriate custodial bank
                accounts
                and related bank clearing accounts no more than two business days
                following receipt, or such other number of days specified in the
                transaction agreements.

            	
              X

            	
              X

            	
              X

            
	
              1122(d)(2)(ii)

            	
              Disbursements
                made via wire transfer on behalf of an obligor or to an investor
                are made
                only by authorized personnel.

            	
              X

            	
              X

            	
              X

            
	
              1122(d)(2)(iii)

            	
              Advances
                of funds or guarantees regarding collections, cash flows or distributions,
                and any interest or other fees charged for such advances, are made,
                reviewed and approved as specified in the transaction
                agreements.

            	
              X

            	
              X

            	 
	
              1122(d)(2)(iv)

            	
              The
                related accounts for the transaction, such as cash reserve accounts
                or
                accounts established as a form of over collateralization, are separately
                maintained (e.g., with respect to commingling of cash) as set forth
                in the
                transaction agreements.

            	
              X

            	
              [X]

            	
              X

            
	
              1122(d)(2)(v)

            	
              Each
                custodial account is maintained at a federally insured depository
                institution as set forth in the transaction agreements. For purposes
                of
                this criterion, “federally insured depository institution” with respect to
                a foreign financial institution means a foreign financial institution
                that
                meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange
                Act.

            	
              X

            	
              X

            	
              X

            
	
              1122(d)(2)(vi)

            	
              Unissued
                checks are safeguarded so as to prevent unauthorized
                access.

            	
              If
                applicable

            	 	 
	
              1122(d)(2)(vii)

            	
              Reconciliations
                are prepared on a monthly basis for all asset-backed securities related
                bank accounts, including custodial accounts and related bank clearing
                accounts. These reconciliations are (A) mathematically accurate;
                (B)
                prepared within 30 calendar days after the bank statement cutoff
                date, or
                such other number of days specified in the transaction agreements;
                (C)
                reviewed and approved by someone other than the person who prepared
                the
                reconciliation; and (D) contain explanations for reconciling items.
                These
                reconciling items are resolved within 90 calendar days of their original
                identification, or such other number of days specified in the transaction
                agreements.

            	
              X

            	
              X

            	
              X

            
	 	
              Investor
                Remittances and Reporting

            	 	 	 
	
              1122(d)(3)(i)

            	
              Reports
                to investors, including those to be filed with the Commission, are
                maintained in accordance with the transaction agreements and applicable
                Commission requirements. Specifically, such reports (A) are prepared
                in
                accordance with timeframes and other terms set forth in the transaction
                agreements; (B) provide information calculated in accordance with
                the
                terms specified in the transaction agreements; (C) are filed with
                the
                Commission as required by its rules and regulations; and (D) agree
                with
                investors’ or the trustee’s records as to the total unpaid principal
                balance and number of Pool Assets serviced by the
                Servicer.

            	
              X

            	
              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

            	
              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

            	
              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

            	
              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

            
	
              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

            	 
	
              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

            	 	 
	
              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

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      S

     

    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 4.07(a)(iv).  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

            
	
              (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

            
	
              (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

            
	
              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

            
	
              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, Cap Provicer,
                Custodian

            	
              Depositor/Servicer/Trustee

            
	
              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

            
	
              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

            	
               

              [TBD]

              [TBD]

              Depositor

               

            
	
              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 and relationships with the sponsor,
                depositor or issuing entity)

               

              Issuing
                Entity

              Master
                Servicer

              Originator

              Custodian
                (only with respect to affiliations and relationships with the sponsor,
                depositor or issuing entity)

               

              Depositor

              Depositor

            
	
              Item
                1122 – Assessment of Compliance with Servicing
                Criteria

            	
              Each
                Party participating in the servicing function

            
	
              Item
                1123 –Servicer Compliance Statement

            	
              Master
                Servicer

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      I

     

    PREPAYMENT
      CHARGE SCHEDULE

     

    Available
      Upon RequestUnassociated Document

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

    Depositor

    

    AMERIQUEST
      MORTGAGE COMPANY

    Servicer

    

     

    WELLS
      FARGO BANK, N.A.

    Master
      Servicer and Trust Administrator

     

    and

    

     

    U.S.
      BANK
      NATIONAL ASSOCIATION

    Trustee

     

    _________________________________________

    

    POOLING
      AND SERVICING AGREEMENT

    Dated
      as
      of June 1, 2007

     

    _________________________________________

     

    Asset-Backed
      Pass-Through Certificates

     

    Series
      2007-AMC4

     

    

    

    TABLE
      OF CONTENTS

     

    Section

     

    
      
        	
                ARTICLE
                  I

              
	 	 
	
                DEFINITIONS

              
	 
	
                SECTION
                  1.01

              	
                Defined
                  Terms.

              
	
                SECTION
                  1.02

              	
                Allocation
                  of Certain Interest Shortfalls.

              
	 
	
                ARTICLE
                  II

              
	 	 
	
                CONVEYANCE
                  OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES

              
	 
	
                SECTION
                  2.01

              	
                Conveyance
                  of Mortgage Loans.

              
	
                SECTION
                  2.02

              	
                Acceptance
                  of the Trust Fund by the Trustee.

              
	
                SECTION
                  2.03

              	
                Repurchase
                  or Substitution of Mortgage Loans by the Sponsor or the
                  Depositor.

              
	
                SECTION
                  2.04

              	
                [Reserved].

              
	
                SECTION
                  2.05

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

              
	
                SECTION
                  2.06

              	
                Issuance
                  of the Certificates.

              
	
                SECTION
                  2.07

              	
                Authorization
                  to Enter into Interest Rate Cap Agreement.

              
	
                SECTION
                  2.08

              	
                Conveyance
                  of the REMIC Regular Interests; Acceptance of the Trust REMICs
                  by the
                  Trustee.

              
	 
	
                ARTICLE
                  III

              
	 	 
	
                ADMINISTRATION
                  AND SERVICING OF THE MORTGAGE LOANS

              
	 
	
                SECTION
                  3.01

              	
                Servicer
                  to Act as Servicer.

              
	
                SECTION
                  3.02

              	
                Sub-Servicing
                  Agreements Between the Servicer and Sub-Servicer.

              
	
                SECTION
                  3.03

              	
                Successor
                  Sub-Servicer.

              
	
                SECTION
                  3.04

              	
                Liability
                  of the Servicer.

              
	
                SECTION
                  3.05

              	
                No
                  Contractual Relationship Between Sub-Servicer and Trustee, Trust
                  Administrator or Certificateholders.

              
	
                SECTION
                  3.06

              	
                Assumption
                  or Termination of Sub-Servicing Agreements by Master
                  Servicer.

              
	
                SECTION
                  3.07

              	
                Collection
                  of Certain Mortgage Loan Payments.

              
	
                SECTION
                  3.08

              	
                Sub-Servicing
                  Accounts.

              
	
                SECTION
                  3.09

              	
                Collection
                  of Taxes and Similar Items; Servicing Accounts.

              
	
                SECTION
                  3.10

              	
                Collection
                  Account.

              
	
                SECTION
                  3.11

              	
                Withdrawals
                  from the Collection Account.

              
	
                SECTION
                  3.12

              	
                Investment
                  of Funds in the Collection Account.

              
	
                SECTION
                  3.13

              	
                [Reserved].

              
	
                SECTION
                  3.14

              	
                Maintenance
                  of Hazard Insurance and Errors and Omissions and Fidelity
                  Coverage.

              
	
                SECTION
                  3.15

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

              
	
                SECTION
                  3.16

              	
                Realization
                  Upon Defaulted Mortgage Loans.

              
	
                SECTION
                  3.17

              	
                Trustee
                  to Cooperate; Release of Mortgage Files.

              
	
                SECTION
                  3.18

              	
                Servicing
                  Compensation.

              
	
                SECTION
                  3.19

              	
                Reports;
                  Collection Account Statements.

              
	
                SECTION
                  3.20

              	
                Statement
                  as to Compliance.

              
	
                SECTION
                  3.21

              	
                Assessments
                  of Compliance and Attestation Reports.

              
	
                SECTION
                  3.22

              	
                Access
                  to Certain Documentation.

              
	
                SECTION
                  3.23

              	
                Title,
                  Management and Disposition of REO Property.

              
	
                SECTION
                  3.24

              	
                Obligations
                  of the Servicer in Respect of Prepayment Interest
                  Shortfalls.

              
	
                SECTION
                  3.25

              	
                Obligations
                  of the Servicer in Respect of Monthly Payments.

              
	
                SECTION
                  3.26

              	
                Advance
                  Facility.

              
	
                SECTION
                  3.27

              	
                Late
                  Remittance.

              
	 
	
                ARTICLE
                  IIIA

              
	 	 
	
                ADMINISTRATION
                  AND SERVICING OF THE MORTGAGE LOANS

              
	 
	
                SECTION
                  3A.01

              	
                Master
                  Servicer to Act as Master Servicer

              
	
                SECTION
                  3A.02

              	
                [Reserved].

              
	
                SECTION
                  3A.03

              	
                Monitoring
                  of the Servicer.

              
	
                SECTION
                  3A.04

              	
                Fidelity
                  Bond.

              
	
                SECTION
                  3A.05

              	
                Power
                  to Act; Procedures.

              
	
                SECTION
                  3A.06

              	
                Due
                  on Sale Clauses; Assumption Agreements.

              
	
                SECTION
                  3A.07

              	
                [Reserved].

              
	
                SECTION
                  3A.08

              	
                Documents,
                  Records and Funds in Possession of Master Servicer to be Held for
                  Trustee.

              
	
                SECTION
                  3A.09

              	
                Compensation
                  for the Master Servicer.

              
	
                SECTION
                  3A.10

              	
                Obligations
                  of the Master Servicer in Respect of Prepayment Interest
                  Shortfalls.

              
	
                SECTION
                  3A.11

              	
                Distribution
                  Account.

              
	
                SECTION
                  3A.12

              	
                Permitted
                  Withdrawals and Transfers from the Distribution
                  Account.

              
	 
	
                ARTICLE
                  IV

              
	 	 
	
                PAYMENTS
                  TO CERTIFICATEHOLDERS

              
	 
	
                SECTION
                  4.01

              	
                Distributions.

              
	
                SECTION
                  4.02

              	
                Statements
                  to Certificateholders.

              
	
                SECTION
                  4.03

              	
                Remittance
                  Reports; P&I Advances.

              
	
                SECTION
                  4.04

              	
                Allocation
                  of Realized Losses.

              
	
                SECTION
                  4.05

              	
                Compliance
                  with Withholding Requirements.

              
	
                SECTION
                  4.06

              	
                Net
                  WAC Rate Carryover Reserve Account.

              
	
                SECTION
                  4.07

              	
                Exchange
                  Commission Filings; Additional Information.

              
	
                SECTION
                  4.08

              	
                Cap
                  Account.

              
	
                SECTION
                  4.09

              	
                Collateral
                  Account.

              
	
                SECTION
                  4.10

              	
                Rights
                  and Obligations Under the Interest Rate Cap Agreement.

              
	 
	
                ARTICLE
                  V

              
	 	 
	
                THE
                  CERTIFICATES

              
	 
	
                SECTION
                  5.01

              	
                The
                  Certificates.

              
	
                SECTION
                  5.02

              	
                Registration
                  of Transfer and Exchange of Certificates.

              
	
                SECTION
                  5.03

              	
                Mutilated,
                  Destroyed, Lost or Stolen Certificates.

              
	
                SECTION
                  5.04

              	
                Persons
                  Deemed Owners.

              
	
                SECTION
                  5.05

              	
                Certain
                  Available Information.

              
	 
	
                ARTICLE
                  VI

              
	
                 

              	 
	
                THE
                  DEPOSITOR, THE MASTER SERVICER AND THE SERVICERS

              
	 
	
                SECTION
                  6.01

              	
                Liability
                  of the Depositor, the Master Servicer and the Servicer.

              
	
                SECTION
                  6.02

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

              
	
                SECTION
                  6.03

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

              
	
                SECTION
                  6.04

              	
                Limitation
                  on Resignation of the Servicer; Assignment of Master
                  Servicing.

              
	
                SECTION
                  6.05

              	
                Successor
                  Master Servicer.

              
	
                SECTION
                  6.06

              	
                Rights
                  of the Depositor in Respect of the Servicer.

              
	
                SECTION
                  6.07

              	
                Duties
                  of the Credit Risk Manager.

              
	
                SECTION
                  6.08

              	
                Limitation
                  Upon Liability of the Credit Risk Manager.

              
	
                SECTION
                  6.09

              	
                Removal
                  of the Credit Risk Manager.

              
	 
	
                ARTICLE
                  VII

              
	 	 
	
                DEFAULT

              
	 
	
                SECTION
                  7.01

              	
                Servicer
                  Events of Default and Master Servicer Events of
                  Termination.

              
	
                SECTION
                  7.02

              	
                Master
                  Servicer or Trustee to Act; Appointment of Successor
                  Servicer.

              
	
                SECTION
                  7.03

              	
                Trustee
                  to Act; Appointment of Successor Master Servicer.

              
	
                SECTION
                  7.04

              	
                Notification
                  to Certificateholders.

              
	
                SECTION
                  7.05

              	
                Waiver
                  of Servicer Events of Default and Master Servicer Events of
                  Termination.

              
	 
	
                ARTICLE
                  VIII

              
	 	 
	
                CONCERNING
                  THE TRUSTEE AND THE TRUST ADMINISTRATOR

              
	 
	
                SECTION
                  8.01

              	
                Duties
                  of Trustee and Trust Administrator.

              
	
                SECTION
                  8.02

              	
                Certain
                  Matters Affecting the Trustee and the Trust
                  Administrator.

              
	
                SECTION
                  8.03

              	
                Neither
                  the Trustee nor Trust Administrator Liable for Certificates or
                  Mortgage
                  Loans.

              
	
                SECTION
                  8.04

              	
                Trustee
                  and Trust Administrator May Own Certificates.

              
	
                SECTION
                  8.05

              	
                Trustee’s,
                  Trust Administrator’s and Custodians’ Fees and
                  Expenses.

              
	
                SECTION
                  8.06

              	
                Eligibility
                  Requirements for Trustee and Trust Administrator.

              
	
                SECTION
                  8.07

              	
                Resignation
                  and Removal of the Trustee and the Trust Administrator.

              
	
                SECTION
                  8.08

              	
                Successor
                  Trustee or Trust Administrator.

              
	
                SECTION
                  8.09

              	
                Merger
                  or Consolidation of Trustee or Trust Administrator.

              
	
                SECTION
                  8.10

              	
                Appointment
                  of Co-Trustee or Separate Trustee.

              
	
                SECTION
                  8.11

              	
                [Reserved].

              
	
                SECTION
                  8.12

              	
                Appointment
                  of Office or Agency.

              
	
                SECTION
                  8.13

              	
                Representations
                  and Warranties.

              
	
                SECTION
                  8.14

              	
                [Reserved].

              
	
                SECTION
                  8.15

              	
                No
                  Trustee or Trust Administrator Liability for Actions or Inactions
                  of
                  Custodian.

              
	 
	
                ARTICLE
                  IX

              
	 	 
	
                TERMINATION

              
	 
	
                SECTION
                  9.01

              	
                Termination
                  Upon Repurchase or Liquidation of the Mortgage Loans.

              
	
                SECTION
                  9.02

              	
                Additional
                  Termination Requirements.

              
	 
	
                ARTICLE
                  X

              
	 	 
	
                REMIC
                  PROVISIONS

              
	 
	
                SECTION
                  10.01

              	
                REMIC
                  Administration.

              
	
                SECTION
                  10.02

              	
                Prohibited
                  Transactions and Activities.

              
	
                SECTION
                  10.03

              	
                Servicer,
                  Master Servicer, Trustee and Trust Administrator
                  Indemnification.

              
	 
	
                ARTICLE
                  XI

              
	 	 
	
                MISCELLANEOUS
                  PROVISIONS

              
	 
	
                SECTION
                  11.01

              	
                Amendment.

              
	
                SECTION
                  11.02

              	
                Recordation
                  of Agreement; Counterparts.

              
	
                SECTION
                  11.03

              	
                Limitation
                  on Rights of Certificateholders.

              
	
                SECTION
                  11.04

              	
                Governing
                  Law.

              
	
                SECTION
                  11.05

              	
                Notices.

              
	
                SECTION
                  11.06

              	
                Severability
                  of Provisions.

              
	
                SECTION
                  11.07

              	
                Notice
                  to Rating Agencies.

              
	
                SECTION
                  11.08

              	
                Article
                  and Section References.

              
	
                SECTION
                  11.09

              	
                Grant
                  of Security Interest.

              
	
                SECTION
                  11.10

              	
                Third
                  Party Rights.

              
	
                SECTION
                  11.11

              	
                Intention
                  of the Parties and
                  Interpretation.

              

      

    

     

    Exhibits

     

    
      
        	
                Exhibit
                  A-1

              	
                Form
                  of Class A-1 Certificate

              
	
                Exhibit
                  A-2

              	
                Form
                  of Class A-2A Certificate

              
	
                Exhibit
                  A-3

              	
                Form
                  of Class A-2B Certificate

              
	
                Exhibit
                  A-4

              	
                Form
                  of Class A-2C Certificate

              
	
                Exhibit
                  A-5

              	
                Form
                  of Class A-2D Certificate

              
	
                Exhibit
                  A-6

              	
                Form
                  of Class M-1 Certificate

              
	
                Exhibit
                  A-7

              	
                Form
                  of Class M-2 Certificate

              
	
                Exhibit
                  A-8

              	
                Form
                  of Class M-3 Certificate

              
	
                Exhibit
                  A-9

              	
                Form
                  of Class M-4 Certificate

              
	
                Exhibit
                  A-10

              	
                Form
                  of Class M-5 Certificate

              
	
                Exhibit
                  A-11

              	
                Form
                  of Class M-6 Certificate

              
	
                Exhibit
                  A-12

              	
                Form
                  of Class M-7 Certificate

              
	
                Exhibit
                  A-13

              	
                Form
                  of Class M-8 Certificate

              
	
                Exhibit
                  A-14

              	
                Form
                  of Class M-9 Certificate

              
	
                Exhibit
                  A-15

              	
                Form
                  of Class M-10 Certificate

              
	
                Exhibit
                  A-16

              	
                Form
                  of Class M-11 Certificate

              
	
                Exhibit
                  A-17

              	
                Form
                  of Class CE-1 Certificate and Class CE-2 Certificate

              
	
                Exhibit
                  A-18

              	
                Form
                  of Class P Certificate

              
	
                Exhibit
                  A-19

              	
                Form
                  of Class R Certificate

              
	
                Exhibit
                  A-20

              	
                Form
                  of Class R-X Certificate

              
	
                Exhibit
                  B

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

              
	
                Exhibit
                  C

              	
                Servicing
                  Criteria to Be Addressed in Assessment of Compliance

              
	
                Exhibit
                  D

              	
                Form
                  of Mortgage Loan Purchase Agreement

              
	
                Exhibit
                  E

              	
                Request
                  for Release

              
	
                Exhibit
                  F-1

              	
                Form
                  of Transferor Representation Letter and Form of Transferee Representation
                  Letter in Connection with Transfer of the Private Certificates
                  Pursuant to
                  Rule 144A Under the 1933 Act

              
	
                Exhibit
                  F-2

              	
                Form
                  of Transfer Affidavit and Agreement and Form of Transferor Affidavit
                  in
                  Connection with Transfer of Residual Certificates

              
	
                Exhibit
                  G

              	
                Form
                  of Certification with respect to ERISA and the Code

              
	
                Exhibit
                  H-1

              	
                Form
                  of Certification to be provided by the Master Servicer with Form
                  10-K

              
	
                Exhibit
                  H-2

              	
                Form
                  of Certification to be provided to the Master Servicer by the
                  Servicer

              
	
                Exhibit
                  H-3

              	
                Form
                  of Certification to be provided to the Master Servicer by the Backup
                  Servicer (in its capacity as successor servicer)

              
	
                Exhibit
                  I

              	
                Form
                  of Interest Rate Cap Agreement

              
	
                Exhibit
                  J

              	
                Form
                  of Cap Administration Agreement

              
	
                Exhibit
                  K

              	
                Additional
                  Disclosure Notification

              
	
                Exhibit
                  L

              	
                Annual
                  Statement of Compliance

              
	
                Exhibit
                  M-1

              	
                Form
                  of Delinquency Report

              
	
                Exhibit
                  M-2

              	
                Monthly
                  Remittance Advance

              
	
                Exhibit
                  M-3

              	
                Form
                  of Realized Loss Report

              
	
                Exhibit
                  N

              	
                Addendum
                  Regulation AB

              
	
                Exhibit
                  O

              	
                Form
                  of Interest Rate Swap Agreement

              
	
                Exhibit
                  P-1

              	
                Form
                  of Backup Servicer Delinquency Report

              
	
                Exhibit
                  P-2

              	
                Backup
                  Servicer Montly Remittance Advance

              
	
                Exhibit
                  P-3

              	
                Form
                  of Backup Servicer Realized Loss Report

              
	 	 
	 	 
	
                Schedule
                  1

              	
                Mortgage
                  Loan Schedule

              
	
                Schedule
                  2

              	
                Prepayment
                  Charge Schedule

              

      

    

     

     

    This
      Pooling and Servicing Agreement, is dated and effective as of June 1, 2007,
      among CITIGROUP MORTGAGE LOAN TRUST INC., as Depositor, AMERIQUEST MORTGAGE
      COMPANY, as Servicer, WELLS FARGO BANK, N.A., as Master Servicer and as Trust
      Administrator and U.S. BANK NATIONAL ASSOCIATION, as Trustee.

     

    PRELIMINARY
      STATEMENT:

     

    The
      Depositor intends to sell pass-through certificates to be issued hereunder
      in
      multiple classes, which in the aggregate will evidence the entire beneficial
      ownership interest in each REMIC (as defined herein) created hereunder. The
      Trust Fund will consist of a pool of assets comprised of the Mortgage Loans
      and
      certain other related assets subject to this Agreement.

     

    REMIC
      I

    

    As
      provided herein, the Trustee will elect to treat the segregated pool of assets
      consisting of the Mortgage Loans and certain other related assets (other than
      any Servicer Prepayment Charge Payment Amounts, the Net WAC Rate Carryover
      Reserve Account, the Cap Account, the Cap Administration Agreement, the Interest
      Rate Cap Agreement, the Swap Account, the Interest Rate Swap Agreement and
      the
      Supplemental Interest Trust) subject to this Agreement as a REMIC for federal
      income tax purposes, and such pool of assets will be designated as “REMIC
      I.”  The Class R-I Interest will be the sole class of “residual
      interests” in REMIC I for purposes of the REMIC Provisions (as defined
      herein).  The following table irrevocably sets forth the designation,
      the REMIC I Remittance Rate, the initial Uncertificated 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 I Regular Interests (as
      defined herein).  None of the REMIC I Regular Interests will be
      certificated.

     

    
      	
              
                Designation

              

            	 	
              REMIC
                I

              
                Remittance
                  Rate 

              

            	 	
              
                Initial

                Uncertificated
                  Balance

              

            	 	
              
                Latest
                  Possible

                Maturity
                  Date(1)

              

            
	
              I

            	 	 	(2	)	 	$	
              236,597,131.51

            	 	
              May
                25, 2037

            
	
              I-1-A

            	 	 	(2	)	 	$	
              7,895,989.56

            	 	
              May
                25, 2037

            
	
              I-1-B

            	 	 	(2	)	 	$	
              7,895,989.56

            	 	
              May
                25, 2037

            
	
              I-2-A

            	 	 	(2	)	 	$	
              7,627,465.68

            	 	
              May
                25, 2037

            
	
              I-2-B

            	 	 	(2	)	 	$	
              7,627,465.68

            	 	
              May
                25, 2037

            
	
              I-3-A

            	 	 	(2	)	 	$	
              7,389,315.41

            	 	
              May
                25, 2037

            
	
              I-3-B

            	 	 	(2	)	 	$	
              7,389,315.41

            	 	
              May
                25, 2037

            
	
              I-4-A

            	 	 	(2	)	 	$	
              7,155,630.44

            	 	
              May
                25, 2037

            
	
              I-4-B

            	 	 	(2	)	 	$	
              7,155,630.44

            	 	
              May
                25, 2037

            
	
              I-5-A

            	 	 	(2	)	 	$	
              7,074,264.50

            	 	
              May
                25, 2037

            
	
              I-5-B

            	 	 	(2	)	 	$	
              7,074,264.50

            	 	
              May
                25, 2037

            
	
              I-6-A

            	 	 	(2	)	 	$	
              7,466,790.80

            	 	
              May
                25, 2037

            
	
              I-6-B

            	 	 	(2	)	 	$	
              7,466,790.80

            	 	
              May
                25, 2037

            
	
              I-7-A

            	 	 	(2	)	 	$	
              8,937,313.48

            	 	
              May
                25, 2037

            
	
              I-7-B

            	 	 	(2	)	 	$	
              8,937,313.48

            	 	
              May
                25, 2037

            
	
              I-8-A

            	 	 	(2	)	 	$	
              10,485,744.68

            	 	
              May
                25, 2037

            
	
              I-8-B

            	 	 	(2	)	 	$	
              10,485,744.68

            	 	
              May
                25, 2037

            
	
              I-9-A

            	 	 	(2	)	 	$	
              10,178,561.48

            	 	
              May
                25, 2037

            
	
              I-9-B

            	 	 	(2	)	 	$	
              10,178,561.48

            	 	
              May
                25, 2037

            
	
              I-10-A

            	 	 	(2	)	 	$	
              9,272,411.12

            	 	
              May
                25, 2037

            
	
              I-10-B

            	 	 	(2	)	 	$	
              9,272,411.12

            	 	
              May
                25, 2037

            
	
              I-11-A

            	 	 	(2	)	 	$	
              8,205,852.63

            	 	
              May
                25, 2037

            
	
              I-11-B

            	 	 	(2	)	 	$	
              8,205,852.63

            	 	
              May
                25, 2037

            
	
              I-12-A

            	 	 	(2	)	 	$	
              6,658,220.31

            	 	
              May
                25, 2037

            
	
              I-12-B

            	 	 	(2	)	 	$	
              6,658,220.31

            	 	
              May
                25, 2037

            
	
              I-13-A

            	 	 	(2	)	 	$	
              5,136,929.42

            	 	
              May
                25, 2037

            
	
              I-13-B

            	 	 	(2	)	 	$	
              5,136,929.42

            	 	
              May
                25, 2037

            
	
              I-14-A

            	 	 	(2	)	 	$	
              4,639,014.67

            	 	
              May
                25, 2037

            
	
              I-14-B

            	 	 	(2	)	 	$	
              4,639,014.67

            	 	
              May
                25, 2037

            
	
              I-15-A

            	 	 	(2	)	 	$	
              4,470,043.08

            	 	
              May
                25, 2037

            
	
              I-15-B

            	 	 	(2	)	 	$	
              4,470,043.08

            	 	
              May
                25, 2037

            
	
              I-16-A

            	 	 	(2	)	 	$	
              4,315,549.48

            	 	
              May
                25, 2037

            
	
              I-16-B

            	 	 	(2	)	 	$	
              4,315,549.48

            	 	
              May
                25, 2037

            
	
              I-17-A

            	 	 	(2	)	 	$	
              4,248,893.92

            	 	
              May
                25, 2037

            
	
              I-17-B

            	 	 	(2	)	 	$	
              4,248,893.92

            	 	
              May
                25, 2037

            
	
              I-18-A

            	 	 	(2	)	 	$	
              4,312,237.81

            	 	
              May
                25, 2037

            
	
              I-18-B

            	 	 	(2	)	 	$	
              4,312,237.81

            	 	
              May
                25, 2037

            
	
              I-19-A

            	 	 	(2	)	 	$	
              4,581,124.00

            	 	
              May
                25, 2037

            
	
              I-19-B

            	 	 	(2	)	 	$	
              4,581,124.00

            	 	
              May
                25, 2037

            
	
              I-20-A

            	 	 	(2	)	 	$	
              5,143,959.08

            	 	
              May
                25, 2037

            
	
              I-20-B

            	 	 	(2	)	 	$	
              5,143,959.08

            	 	
              May
                25, 2037

            
	
              I-21-A

            	 	 	(2	)	 	$	
              5,014,269.68

            	 	
              May
                25, 2037

            
	
              I-21-B

            	 	 	(2	)	 	$	
              5,014,269.68

            	 	
              May
                25, 2037

            
	
              I-22-A

            	 	 	(2	)	 	$	
              838,605.17

            	 	
              May
                25, 2037

            
	
              I-22-B

            	 	 	(2	)	 	$	
              838,605.17

            	 	
              May
                25, 2037

            
	
              I-23-A

            	 	 	(2	)	 	$	
              2,315,530.51

            	 	
              May
                25, 2037

            
	
              I-23-B

            	 	 	(2	)	 	$	
              2,315,530.51

            	 	
              May
                25, 2037

            
	
              I-24-A

            	 	 	(2	)	 	$	
              2,225,570.18

            	 	
              May
                25, 2037

            
	
              I-24-B

            	 	 	(2	)	 	$	
              2,225,570.18

            	 	
              May
                25, 2037

            
	
              I-25-A

            	 	 	(2	)	 	$	
              2,139,171.08

            	 	
              May
                25, 2037

            
	
              I-25-B

            	 	 	(2	)	 	$	
              2,139,171.08

            	 	
              May
                25, 2037

            
	
              I-26-A

            	 	 	(2	)	 	$	
              2,056,380.65

            	 	
              May
                25, 2037

            
	
              I-26-B

            	 	 	(2	)	 	$	
              2,056,380.65

            	 	
              May
                25, 2037

            
	
              I-27-A

            	 	 	(2	)	 	$	
              1,976,964.46

            	 	
              May
                25, 2037

            
	
              I-27-B

            	 	 	(2	)	 	$	
              1,976,964.46

            	 	
              May
                25, 2037

            
	
              I-28-A

            	 	 	(2	)	 	$	
              1,900,748.56

            	 	
              May
                25, 2037

            
	
              I-28-B

            	 	 	(2	)	 	$	
              1,900,748.56

            	 	
              May
                25, 2037

            
	
              I-29-A

            	 	 	(2	)	 	$	
              1,827,596.15

            	 	
              May
                25, 2037

            
	
              I-29-B

            	 	 	(2	)	 	$	
              1,827,596.15

            	 	
              May
                25, 2037

            
	
              I-30-A

            	 	 	(2	)	 	$	
              1,757,372.47

            	 	
              May
                25, 2037

            
	
              I-30-B

            	 	 	(2	)	 	$	
              1,757,372.47

            	 	
              May
                25, 2037

            
	
              I-31-A

            	 	 	(2	)	 	$	
              1,689,953.79

            	 	
              May
                25, 2037

            
	
              I-31-B

            	 	 	(2	)	 	$	
              1,689,953.79

            	 	
              May
                25, 2037

            
	
              I-32-A

            	 	 	(2	)	 	$	
              1,625,267.21

            	 	
              May
                25, 2037

            
	
              I-32-B

            	 	 	(2	)	 	$	
              1,625,267.21

            	 	
              May
                25, 2037

            
	
              I-33-A

            	 	 	(2	)	 	$	
              1,563,177.31

            	 	
              May
                25, 2037

            
	
              I-33-B

            	 	 	(2	)	 	$	
              1,563,177.31

            	 	
              May
                25, 2037

            
	
              I-34-A

            	 	 	(2	)	 	$	
              1,503,567.90

            	 	
              May
                25, 2037

            
	
              I-34-B

            	 	 	(2	)	 	$	
              1,503,567.90

            	 	
              May
                25, 2037

            
	
              I-35-A

            	 	 	(2	)	 	$	
              1,446,333.10

            	 	
              May
                25, 2037

            
	
              I-35-B

            	 	 	(2	)	 	$	
              1,446,333.10

            	 	
              May
                25, 2037

            
	
              I-36-A

            	 	 	(2	)	 	$	
              1,391,372.55

            	 	
              May
                25, 2037

            
	
              I-36-B

            	 	 	(2	)	 	$	
              1,391,372.55

            	 	
              May
                25, 2037

            
	
              I-37-A

            	 	 	(2	)	 	$	
              1,338,594.10

            	 	
              May
                25, 2037

            
	
              I-37-B

            	 	 	(2	)	 	$	
              1,338,594.10

            	 	
              May
                25, 2037

            
	
              I-38-A

            	 	 	(2	)	 	$	
              1,287,925.59

            	 	
              May
                25, 2037

            
	
              I-38-B

            	 	 	(2	)	 	$	
              1,287,925.59

            	 	
              May
                25, 2037

            
	
              I-39-A

            	 	 	(2	)	 	$	
              1,239,274.88

            	 	
              May
                25, 2037

            
	
              I-39-B

            	 	 	(2	)	 	$	
              1,239,274.88

            	 	
              May
                25, 2037

            
	
              I-40-A

            	 	 	(2	)	 	$	
              1,192,570.47

            	 	
              May
                25, 2037

            
	
              I-40-B

            	 	 	(2	)	 	$	
              1,192,570.47

            	 	
              May
                25, 2037

            
	
              I-41-A

            	 	 	(2	)	 	$	
              1,147,898.30

            	 	
              May
                25, 2037

            
	
              I-41-B

            	 	 	(2	)	 	$	
              1,147,898.30

            	 	
              May
                25, 2037

            
	
              I-42-A

            	 	 	(2	)	 	$	
              1,105,881.25

            	 	
              May
                25, 2037

            
	
              I-42-B

            	 	 	(2	)	 	$	
              1,105,881.25

            	 	
              May
                25, 2037

            
	
              I-43-A

            	 	 	(2	)	 	$	
              1,066,292.43

            	 	
              May
                25, 2037

            
	
              I-43-B

            	 	 	(2	)	 	$	
              1,066,292.43

            	 	
              May
                25, 2037

            
	
              I-44-A

            	 	 	(2	)	 	$	
              1,026,559.24

            	 	
              May
                25, 2037

            
	
              I-44-B

            	 	 	(2	)	 	$	
              1,026,559.24

            	 	
              May
                25, 2037

            
	
              I-45-A

            	 	 	(2	)	 	$	
              988,130.92

            	 	
              May
                25, 2037

            
	
              I-45-B

            	 	 	(2	)	 	$	
              988,130.92

            	 	
              May
                25, 2037

            
	
              I-46-A

            	 	 	(2	)	 	$	
              26,878,176.65

            	 	
              May
                25, 2037

            
	
              I-46-B

            	 	 	(2	)	 	$	
              26,878,176.65

            	 	
              May
                25, 2037

            
	
              II

            	 	 	(2	)	 	$	
              193,581,466.49

            	 	
              May
                25, 2037

            
	
              II-1-A

            	 	 	(2	)	 	$	
              6,460,421.69

            	 	
              May
                25, 2037

            
	
              II-1-B

            	 	 	(2	)	 	$	
              6,460,421.69

            	 	
              May
                25, 2037

            
	
              II-2-A

            	 	 	(2	)	 	$	
              6,240,718.07

            	 	
              May
                25, 2037

            
	
              II-2-B

            	 	 	(2	)	 	$	
              6,240,718.07

            	 	
              May
                25, 2037

            
	
              II-3-A

            	 	 	(2	)	 	$	
              6,045,865.84

            	 	
              May
                25, 2037

            
	
              II-3-B

            	 	 	(2	)	 	$	
              6,045,865.84

            	 	
              May
                25, 2037

            
	
              II-4-A

            	 	 	(2	)	 	$	
              5,854,667.06

            	 	
              May
                25, 2037

            
	
              II-4-B

            	 	 	(2	)	 	$	
              5,854,667.06

            	 	
              May
                25, 2037

            
	
              II-5-A

            	 	 	(2	)	 	$	
              5,788,094.25

            	 	
              May
                25, 2037

            
	
              II-5-B

            	 	 	(2	)	 	$	
              5,788,094.25

            	 	
              May
                25, 2037

            
	
              II-6-A

            	 	 	(2	)	 	$	
              6,109,255.45

            	 	
              May
                25, 2037

            
	
              II-6-B

            	 	 	(2	)	 	$	
              6,109,255.45

            	 	
              May
                25, 2037

            
	
              II-7-A

            	 	 	(2	)	 	$	
              7,312,422.77

            	 	
              May
                25, 2037

            
	
              II-7-B

            	 	 	(2	)	 	$	
              7,312,422.77

            	 	
              May
                25, 2037

            
	
              II-8-A

            	 	 	(2	)	 	$	
              8,579,334.07

            	 	
              May
                25, 2037

            
	
              II-8-B

            	 	 	(2	)	 	$	
              8,579,334.07

            	 	
              May
                25, 2037

            
	
              II-9-A

            	 	 	(2	)	 	$	
              8,327,999.77

            	 	
              May
                25, 2037

            
	
              II-9-B

            	 	 	(2	)	 	$	
              8,327,999.77

            	 	
              May
                25, 2037

            
	
              II-10-A

            	 	 	(2	)	 	$	
              7,586,596.38

            	 	
              May
                25, 2037

            
	
              II-10-B

            	 	 	(2	)	 	$	
              7,586,596.38

            	 	
              May
                25, 2037

            
	
              II-11-A

            	 	 	(2	)	 	$	
              6,713,948.62

            	 	
              May
                25, 2037

            
	
              II-11-B

            	 	 	(2	)	 	$	
              6,713,948.62

            	 	
              May
                25, 2037

            
	
              II-12-A

            	 	 	(2	)	 	$	
              5,447,690.94

            	 	
              May
                25, 2037

            
	
              II-12-B

            	 	 	(2	)	 	$	
              5,447,690.94

            	 	
              May
                25, 2037

            
	
              II-13-A

            	 	 	(2	)	 	$	
              4,202,985.58

            	 	
              May
                25, 2037

            
	
              II-13-B

            	 	 	(2	)	 	$	
              4,202,985.58

            	 	
              May
                25, 2037

            
	
              II-14-A

            	 	 	(2	)	 	$	
              3,795,596.58

            	 	
              May
                25, 2037

            
	
              II-14-B

            	 	 	(2	)	 	$	
              3,795,596.58

            	 	
              May
                25, 2037

            
	
              II-15-A

            	 	 	(2	)	 	$	
              3,657,345.67

            	 	
              May
                25, 2037

            
	
              II-15-B

            	 	 	(2	)	 	$	
              3,657,345.67

            	 	
              May
                25, 2037

            
	
              II-16-A

            	 	 	(2	)	 	$	
              3,530,940.52

            	 	
              May
                25, 2037

            
	
              II-16-B

            	 	 	(2	)	 	$	
              3,530,940.52

            	 	
              May
                25, 2037

            
	
              II-17-A

            	 	 	(2	)	 	$	
              3,476,403.58

            	 	
              May
                25, 2037

            
	
              II-17-B

            	 	 	(2	)	 	$	
              3,476,403.58

            	 	
              May
                25, 2037

            
	
              II-18-A

            	 	 	(2	)	 	$	
              3,528,230.94

            	 	
              May
                25, 2037

            
	
              II-18-B

            	 	 	(2	)	 	$	
              3,528,230.94

            	 	
              May
                25, 2037

            
	
              II-19-A

            	 	 	(2	)	 	$	
              3,748,231.00

            	 	
              May
                25, 2037

            
	
              II-19-B

            	 	 	(2	)	 	$	
              3,748,231.00

            	 	
              May
                25, 2037

            
	
              II-20-A

            	 	 	(2	)	 	$	
              4,208,737.17

            	 	
              May
                25, 2037

            
	
              II-20-B

            	 	 	(2	)	 	$	
              4,208,737.17

            	 	
              May
                25, 2037

            
	
              II-21-A

            	 	 	(2	)	 	$	
              4,102,626.57

            	 	
              May
                25, 2037

            
	
              II-21-B

            	 	 	(2	)	 	$	
              4,102,626.57

            	 	
              May
                25, 2037

            
	
              II-22-A

            	 	 	(2	)	 	$	
              686,138.58

            	 	
              May
                25, 2037

            
	
              II-22-B

            	 	 	(2	)	 	$	
              686,138.58

            	 	
              May
                25, 2037

            
	
              II-23-A

            	 	 	(2	)	 	$	
              1,894,544.49

            	 	
              May
                25, 2037

            
	
              II-23-B

            	 	 	(2	)	 	$	
              1,894,544.49

            	 	
              May
                25, 2037

            
	
              II-56-A

            	 	 	(2	)	 	$	
              1,820,939.82

            	 	
              May
                25, 2037

            
	
              II-56-B

            	 	 	(2	)	 	$	
              1,820,939.82

            	 	
              May
                25, 2037

            
	
              II-25-A

            	 	 	(2	)	 	$	
              1,750,248.92

            	 	
              May
                25, 2037

            
	
              II-25-B

            	 	 	(2	)	 	$	
              1,750,248.92

            	 	
              May
                25, 2037

            
	
              II-26-A

            	 	 	(2	)	 	$	
              1,682,510.60

            	 	
              May
                25, 2037

            
	
              II-26-B

            	 	 	(2	)	 	$	
              1,682,510.60

            	 	
              May
                25, 2037

            
	
              II-27-A

            	 	 	(2	)	 	$	
              1,617,533.04

            	 	
              May
                25, 2037

            
	
              II-27-B

            	 	 	(2	)	 	$	
              1,617,533.04

            	 	
              May
                25, 2037

            
	
              II-28-A

            	 	 	(2	)	 	$	
              1,555,173.94

            	 	
              May
                25, 2037

            
	
              II-28-B

            	 	 	(2	)	 	$	
              1,555,173.94

            	 	
              May
                25, 2037

            
	
              II-29-A

            	 	 	(2	)	 	$	
              1,495,321.35

            	 	
              May
                25, 2037

            
	
              II-29-B

            	 	 	(2	)	 	$	
              1,495,321.35

            	 	
              May
                25, 2037

            
	
              II-30-A

            	 	 	(2	)	 	$	
              1,437,865.03

            	 	
              May
                25, 2037

            
	
              II-30-B

            	 	 	(2	)	 	$	
              1,437,865.03

            	 	
              May
                25, 2037

            
	
              II-31-A

            	 	 	(2	)	 	$	
              1,382,703.71

            	 	
              May
                25, 2037

            
	
              II-31-B

            	 	 	(2	)	 	$	
              1,382,703.71

            	 	
              May
                25, 2037

            
	
              II-32-A

            	 	 	(2	)	 	$	
              1,329,777.79

            	 	
              May
                25, 2037

            
	
              II-32-B

            	 	 	(2	)	 	$	
              1,329,777.79

            	 	
              May
                25, 2037

            
	
              II-33-A

            	 	 	(2	)	 	$	
              1,278,976.44

            	 	
              May
                25, 2037

            
	
              II-33-B

            	 	 	(2	)	 	$	
              1,278,976.44

            	 	
              May
                25, 2037

            
	
              II-34-A

            	 	 	(2	)	 	$	
              1,230,204.60

            	 	
              May
                25, 2037

            
	
              II-34-B

            	 	 	(2	)	 	$	
              1,230,204.60

            	 	
              May
                25, 2037

            
	
              II-35-A

            	 	 	(2	)	 	$	
              1,183,375.65

            	 	
              May
                25, 2037

            
	
              II-35-B

            	 	 	(2	)	 	$	
              1,183,375.65

            	 	
              May
                25, 2037

            
	
              II-36-A

            	 	 	(2	)	 	$	
              1,138,407.45

            	 	
              May
                25, 2037

            
	
              II-36-B

            	 	 	(2	)	 	$	
              1,138,407.45

            	 	
              May
                25, 2037

            
	
              II-37-A

            	 	 	(2	)	 	$	
              1,095,224.65

            	 	
              May
                25, 2037

            
	
              II-37-B

            	 	 	(2	)	 	$	
              1,095,224.65

            	 	
              May
                25, 2037

            
	
              II-38-A

            	 	 	(2	)	 	$	
              1,053,768.16

            	 	
              May
                25, 2037

            
	
              II-38-B

            	 	 	(2	)	 	$	
              1,053,768.16

            	 	
              May
                25, 2037

            
	
              II-39-A

            	 	 	(2	)	 	$	
              1,013,962.62

            	 	
              May
                25, 2037

            
	
              II-39-B

            	 	 	(2	)	 	$	
              1,013,962.62

            	 	
              May
                25, 2037

            
	
              II-40-A

            	 	 	(2	)	 	$	
              975,749.53

            	 	
              May
                25, 2037

            
	
              II-40-B

            	 	 	(2	)	 	$	
              975,749.53

            	 	
              May
                25, 2037

            
	
              II-41-A

            	 	 	(2	)	 	$	
              939,199.20

            	 	
              May
                25, 2037

            
	
              II-41-B

            	 	 	(2	)	 	$	
              939,199.20

            	 	
              May
                25, 2037

            
	
              II-42-A

            	 	 	(2	)	 	$	
              904,821.25

            	 	
              May
                25, 2037

            
	
              II-42-B

            	 	 	(2	)	 	$	
              904,821.25

            	 	
              May
                25, 2037

            
	
              II-43-A

            	 	 	(2	)	 	$	
              872,430.07

            	 	
              May
                25, 2037

            
	
              II-43-B

            	 	 	(2	)	 	$	
              872,430.07

            	 	
              May
                25, 2037

            
	
              II-44-A

            	 	 	(2	)	 	$	
              839,920.76

            	 	
              May
                25, 2037

            
	
              II-44-B

            	 	 	(2	)	 	$	
              839,920.76

            	 	
              May
                25, 2037

            
	
              II-45-A

            	 	 	(2	)	 	$	
              808,479.08

            	 	
              May
                25, 2037

            
	
              II-45-B

            	 	 	(2	)	 	$	
              808,479.08

            	 	
              May
                25, 2037

            
	
              II-46-A

            	 	 	(2	)	 	$	
              21,991,462.10

            	 	
              May
                25, 2037

            
	
              II-46-B

            	 	 	(2	)	 	$	
              21,991,462.10

            	 	
              May
                25, 2037

            
	
              I-CE-2

            	 	 	(2	)	 	 	(3	)	
              May
                25, 2037

            

    

    _______________

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                regulations.

            

    

    
      	
              (2)

            	
              Calculated
                in accordance with the definition of “REMIC I Remittance Rate”
                herein.

            

    

    
      	
              (3)

            	
              REMIC
                I Regular Interest I-CE-2
                will not have an Uncertificated Balance, but will accrue interest
                on its
                Notional Amount described in accordance with the definition of “Notional
                Amount” herein.

            

    

     

    REMIC
      II

    

    As
      provided herein, the Trustee will elect to treat the segregated pool of assets
      consisting of the REMIC I Regular Interests as a REMIC for federal income tax
      purposes, and such segregated pool of assets will be designated as “REMIC
      II.”  The Class R-II Interest will evidence the sole class of
“residual interests” in REMIC II for purposes of the REMIC Provisions under
      federal income tax law. The following table irrevocably sets forth the
      designation, the REMIC II Remittance Rate, the initial Uncertificated 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 II Regular Interests
      (as defined herein).  None of the REMIC II Regular Interests will be
      certificated.

     

    
      	
              
                Designation

              

            	 	
              REMIC
                II

              
                Remittance
                  Rate 

              

            	 	
              
                Initial

                Uncertificated
                  Balance

              

            	 	
              
                Latest
                  Possible

                Maturity
                  Date(1)

              

            
	
              LTAA

            	 	 	(2	)	 	$	
              573,814,104.57

            	 	
              May
                25, 2037

            
	
              LTA1

            	 	 	(2	)	 	$	
              2,325,105.00

            	 	
              May
                25, 2037

            
	
              LTA2A

            	 	 	(2	)	 	$	
              1,089,030.00

            	 	
              May
                25, 2037

            
	
              LTA2B

            	 	 	(2	)	 	$	
              340,270.00

            	 	
              May
                25, 2037

            
	
              LTA2C

            	 	 	(2	)	 	$	
              288,305.00

            	 	
              May
                25, 2037

            
	
              LTA2D

            	 	 	(2	)	 	$	
              184,770.00

            	 	
              May
                25, 2037

            
	
              LTM1

            	 	 	(2	)	 	$	
              269,345.00

            	 	
              May
                25, 2037

            
	
              LTM2

            	 	 	(2	)	 	$	
              292,760.00

            	 	
              May
                25, 2037

            
	
              LTM3

            	 	 	(2	)	 	$	
              87,830.00

            	 	
              May
                25, 2037

            
	
              LTM4

            	 	 	(2	)	 	$	
              90,755.00

            	 	
              May
                25, 2037

            
	
              LTM5

            	 	 	(2	)	 	$	
              84,900.00

            	 	
              May
                25, 2037

            
	
              LTM6

            	 	 	(2	)	 	$	
              64,410.00

            	 	
              May
                25, 2037

            
	
              LTM7

            	 	 	(2	)	 	$	
              84,900.00

            	 	
              May
                25, 2037

            
	
              LTM8

            	 	 	(2	)	 	$	
              73,190.00

            	 	
              May
                25, 2037

            
	
              LTM9

            	 	 	(2	)	 	$	
              114,180.00

            	 	
              May
                25, 2037

            
	
              LTM10

            	 	 	(2	)	 	$	
              108,320.00

            	 	
              May
                25, 2037

            
	
              LTM11

            	 	 	(2	)	 	$	
              46,845.00

            	 	
              May
                25, 2037

            
	
              LTZZ

            	 	 	(2	)	 	$	
              6,165,576.93

            	 	
              May
                25, 2037

            
	
              LTP

            	 	 	(2	)	 	$	
              100.00

            	 	
              May
                25, 2037

            
	
              LTIO

            	 	 	(2	)	 	 	(4	)	
              May
                25, 2037

            
	
              LT1SUB

            	 	 	(2	)	 	$	
              17,905.30

            	 	
              May
                25, 2037

            
	
              LT1GRP

            	 	 	(2	)	 	$	
              64,407.41

            	 	
              May
                25, 2037

            
	
              LT2SUB

            	 	 	(2	)	 	$	
              14,650.02

            	 	
              May
                25, 2037

            
	
              LT2GRP

            	 	 	(2	)	 	$	
              52,697.52

            	 	
              May
                25, 2037

            
	
              LTXX

            	 	 	(2	)	 	$	
              585,374,936.25

            	 	
              May
                25, 2037

            
	
              LTCE-2

            	 	 	(2	)	 	 	(3	)	
              May
                25, 2037

            

    

    _______________

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                regulations.

            

    

    
      	
              (2)

            	
              Calculated
                in accordance with the definition of “REMIC II Remittance Rate”
                herein.

            

    

    
      	
              (3)

            	
              REMIC
                II Regular Interest LTCE-2 will not have an Uncertificated Balance,
                but
                will accrue interest in accordance with the definition of “Notional
                Amount” herein.

            

    

    
      	
              (4)

            	
              REMIC
                II Regular Interest LTIO will not have an Uncertificated Balance,
                but will
                accrue interest on its Uncertificated Notional
                Amount.

            

    

    

    REMIC
      III

    

    As
      provided herein, the Trustee will elect to treat the segregated pool of assets
      consisting of the REMIC II Regular Interests as a REMIC for federal income
      tax
      purposes, and such segregated pool of assets will be designated as “REMIC
      III.”  The Class R-III Interest will evidence the sole class of
“residual interests” in REMIC III for purposes of the REMIC Provisions under
      federal income tax law. The following table irrevocably sets forth the
      designation, the Pass-Through Rate, the initial aggregate Certificate Principal
      Balance and, for purposes of satisfying Treasury regulation Section
      1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated
      Classes of Certificates, the Class CE Interest, the Class IO Interest and the
      Class P Interest, which are uncertificated.

     

    
      	
              
                Designation

              

            	 	
              
                Pass-Through
                  Rate

              

            	 	
              
                Initial
                  Aggregate Certificate Principal Balance

              

            	 	
              
                Latest
                  Possible

                Maturity
                  Date(1)

              

            
	
              Class
                A-1

            	 	
              Variable(2)

            	 	$	
              465,021,000.00

            	 	
              May
                25, 2037

            
	
              Class
                A-2A

            	 	
              Variable(2)

            	 	$	
              217,806,000.00

            	 	
              May
                25, 2037

            
	
              Class
                A-2B

            	 	
              Variable(2)

            	 	$	
              68,054,000.00

            	 	
              May
                25, 2037

            
	
              Class
                A-2C

            	 	
              Variable(2)

            	 	$	
              57,661,000.00

            	 	
              May
                25, 2037

            
	
              Class
                A-2D

            	 	
              Variable(2)

            	 	$	
              36,954,000.00

            	 	
              May
                25, 2037

            
	
              Class
                M-1

            	 	
              Variable(2)

            	 	$	
              53,869,000.00

            	 	
              May
                25, 2037

            
	
              Class
                M-2

            	 	
              Variable(2)

            	 	$	
              58,552,000.00

            	 	
              May
                25, 2037

            
	
              Class
                M-3

            	 	
              Variable(2)

            	 	$	
              17,566,000.00

            	 	
              May
                25, 2037

            
	
              Class
                M-4

            	 	
              Variable(2)

            	 	$	
              18,151,000.00

            	 	
              May
                25, 2037

            
	
              Class
                M-5

            	 	
              Variable(2)

            	 	$	
              16,980,000.00

            	 	
              May
                25, 2037

            
	
              Class
                M-6

            	 	
              Variable(2)

            	 	$	
              12,882,000.00

            	 	
              May
                25, 2037

            
	
              Class
                M-7

            	 	
              Variable(2)

            	 	$	
              16,980,000.00

            	 	
              May
                25, 2037

            
	
              Class
                M-8

            	 	
              Variable(2)

            	 	$	
              14,638,000.00

            	 	
              May
                25, 2037

            
	
              Class
                M-9

            	 	
              Variable(2)

            	 	$	
              22,836,000.00

            	 	
              May
                25, 2037

            
	
              Class
                M-10

            	 	
              Variable(2)

            	 	$	
              21,664,000.00

            	 	
              May
                25, 2037

            
	
              Class
                M-11

            	 	
              Variable(2)

            	 	$	
              9,369,000.00

            	 	
              May
                25, 2037

            
	
              Class
                CE-1 Interest

            	 	
              Variable(3)

            	 	$	
              62,066,193.00

            	 	
              May
                25, 2037

            
	
              Class
                CE-2 Interest

            	 	
              (4)

            	 	 	(5	)	
              May
                25, 2037

            
	
              Class
                P Interest

            	 	
              N/A(6)

            	 	$	
              100.00

            	 	
              May
                25, 2037

            
	
              Class
                IO Interest

            	 	
              (7)

            	 	 	(7	)	
              May
                25, 2037

            

    

    _______________

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                regulations.

            

    

    
      	
              (2)

            	
              Calculated
                in accordance with the definition of “Pass-Through Rate”
                herein.

            

    

    
      	
              (3)

            	
              The
                Class CE-1 Interest will accrue interest at its variable Pass-Through
                Rate
                on the Notional Amount of the Class CE-1 Interest outstanding from
                time to
                time.  The Class CE-1 Interest will not accrue interest on its
                Certificate Principal Balance.

            

    

    
      	
              (4)

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

            

    

    
      	
              (5)

            	
              For
                federal income tax purposes, the Class CE-2 Interest will not have
                an
                Uncertificated Balance, but will have a Notional Amount equal to
                the
                Notional Amount of REMIC II Regular Interest
                LTCE-2.

            

    

    
      	
              (6)

            	
              The
                Class P Interest will not
                accrue interest.

            

    

    
      	
              (7)

            	
              The
                Class IO Interest will not have a Pass-Through Rate or a Certificate
                Principal Balance, but will be entitled to 100% of the amounts distributed
                on REMIC II Regular Interest LTIO.

            

    

     

    REMIC
      IV

    

    As
      provided herein, the Trustee will elect to treat the segregated pool of assets
      consisting of the Class CE-1 Interest as a REMIC for federal income tax
      purposes, and such pool of assets will be designated as “REMIC
      IV.”  The Class R-IV Interest will evidence the sole class of
“residual interests” in REMIC IV for purposes of the REMIC Provisions under
      federal income tax law. The following table irrevocably sets forth the
      designation, the Pass-Through Rate, the initial aggregate Certificate Principal
      Balance and, for purposes of satisfying Treasury regulation Section
      1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated Class
      of Certificates.

     

    
      	
              
                Designation

              

            	 	
              
                Pass-Through
                  Rate

              

            	 	
              
                Initial
                  Aggregate Certificate Principal Balance

              

            	 	
              
                Latest
                  Possible

                Maturity
                  Date(1)

              

            
	
              Class
                CE-1 Certificates

            	 	
              Variable(2)

            	 	$	
              62,066,193.00

            	 	
              May
                25, 2037

            

    

    _______________

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                regulations.

            

    

    
      	
              (2)

            	
              The
                Class CE-1 Certificates will receive 100% of amounts received in
                respect
                of the Class CE-1 Interest.

            

    

    

    REMIC
      V

    

    As
      provided herein, the Trustee will elect to treat the segregated pool of assets
      consisting of the Class CE-2 Interest as a REMIC for federal income tax
      purposes, and such pool of assets will be designated as “REMIC
      V.”  The Class R-V Interest will evidence the sole class of “residual
      interests” in REMIC V for purposes of the REMIC Provisions under federal income
      tax law. The following table irrevocably sets forth the designation, the
      Pass-Through Rate, the initial aggregate Certificate Principal Balance and,
      for
      purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the
      “latest possible maturity date” for the indicated Class of
      Certificates.

     

    
      	
              
                Designation

              

            	 	
              
                Pass-Through
                  Rate

              

            	 	
              
                Initial
                  Aggregate Certificate Principal Balance

              

            	 	
              
                Latest
                  Possible

                Maturity
                  Date(1)

              

            
	
              Class
                CE-2 Certificates

            	 	
              Variable(2)

            	 	 	
              (3)

            	 	
              May
                25, 2037

            

    

    _______________

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                regulations.

            

    

    
      	
              (2)

            	
              The
                Class CE-2 Certificates will receive 100% of amounts received in
                respect
                of the Class CE-2 Interest.

            

    

    
      	
              (3)

            	
              The
                Class CE-2 Certificates are an interest only class and for each
                Distribution Date the Class CE-2 Certificates will be entitled to
                receive
                100% of the amounts distributed on the Class CE-2 Interest.

            

    

    

    REMIC
      VI

    

    As
      provided herein, the Trustee will elect to treat the segregated pool of assets
      consisting of the Class P Interest as a REMIC for federal income tax purposes,
      and such pool of assets will be designated as “REMIC VI.”  The Class
      R-VI Interest will evidence the sole class of “residual interests” in REMIC VI
      for purposes of the REMIC Provisions under federal income tax law. The following
      table irrevocably sets forth the designation, the Pass-Through Rate, the initial
      aggregate Certificate Principal Balance and, for purposes of satisfying Treasury
      regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
      the indicated Class of Certificates.

     

    
      	
              
                Designation

              

            	 	
              
                Pass-Through
                  Rate

              

            	 	
              
                Initial
                  Aggregate Certificate Principal Balance

              

            	 	
              
                Latest
                  Possible

                Maturity
                  Date(1)

              

            
	
              Class
                P Certificates

            	 	
              Variable(2)

            	 	$	
              100.00

            	 	
              May
                25, 2037

            

    

    _______________

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                regulations.

            

    

    
      	
              (2)

            	
              The
                Class P Certificates will
                receive 100% of amounts received in respect of the Class P
                Interest.

            

    

    REMIC
      VII

    

    As
      provided herein, the Trustee will elect to treat the segregated pool of assets
      consisting of the Class IO Interest as a REMIC for federal income tax purposes,
      and such segregated pool of assets will be designated as “REMIC
      VII.”  The Class R-VII Interest will evidence the sole class of
“residual interests” in REMIC VII for purposes of the REMIC Provisions under
      federal income tax law. The following table irrevocably sets forth the
      designation, the Pass-Through Rate, the initial aggregate Certificate Principal
      Balance and, for purposes of satisfying Treasury regulation Section
      1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated REMIC
      VII Regular Interest, which will be uncertificated.

     

    
      
        	
                
                  Designation

                

              	 	
                
                  Pass-Through
                    Rate

                

              	 	
                
                  Initial
                    Aggregate Certificate Principal Balance

                

              	 	
                
                  Latest
                    Possible

                  Maturity
                    Date(1)

                

              
	
                SWAP
                  IO

              	 	
                Variable(2)

              	 	
                N/A

              	 	
                May
                  25, 2037

              

      

    

    _______________

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                regulations.

            

    

    
      	
              (2)

            	
              REMIC
                VII Regular Interest SWAP
                IO will receive 100% of amounts received in respect of the Class
                IO
                Interest.

            

    

     

    As
      of the
      Cut-off Date, the Group I Mortgage Loans had an aggregate Stated Principal
      Balance equal to $644,074,123.80 and the Group II Mortgage Loans had an
      aggregate Stated Principal Balance equal to $526,975,169.54.

     

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

     

    ARTICLE
      I

     

    DEFINITIONS

     

    
      	
              SECTION
                1.01  

            	
              Defined
                Terms.

            

    

     

    Whenever
      used in this Agreement, including, without limitation, in the Preliminary
      Statement hereto, the following words and phrases, unless the context otherwise
      requires, shall have the meanings specified in this Article. Unless otherwise
      specified, all calculations described herein shall be made on the basis of
      a
      360-day year consisting of twelve 30-day months.

     

    “10-K
      Filing Deadline”:  The meaning set forth in Section
      4.07(a)(iv).

     

    “Acceptable
      Bid Amount”:  Either (i) a bid equal to or greater than the Minimum
      Auction Amount or (ii) the highest bid submitted by a Qualified Bidder in an
      auction if the Directing Holder agrees to pay the related Auction Supplement
      Amount.

     

    “Accepted
      Master Servicing Practices”: With respect to any Mortgage Loan, as applicable,
      either (x) those customary mortgage loan master servicing practices of prudent
      mortgage servicing institutions that 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 Master Servicer
      (except in its capacity as successor to the Servicer), or (y) as provided in
      Section 3A.01 hereof, but in no event below the standard set forth in
      clause (x).

     

    “Addendum
      Regulation AB”:  The addendum addressing the obligations of the Backup
      Servicer (in its capacity as successor servicer) with respect to the Mortgage
      Loans and Regulation AB, attached hereto at Exhibit N.

     

    “Additional
      Disclosure”:  The meaning set forth in Section
      4.07(a)(v).

     

    “Additional
      Form 10-D Disclosure”:  The meaning set forth in Section
      4.07(a)(i).

     

    “Additional
      Form 10-K Disclosure”: The meaning set forth in Section
      4.07(a)(iv).

     

    “Adjustable-Rate
      Mortgage Loan”:  Each of the Mortgage Loans identified on the Mortgage
      Loan Schedule as having a Mortgage Rate that is subject to
      adjustment.

     

    “Adjustment
      Date”: With respect to each Adjustable-Rate Mortgage Loan, the first day of the
      month in which the Mortgage Rate of such Mortgage Loan changes pursuant to
      the
      related Mortgage Note.  The first Adjustment Date following the
      Cut-off Date as to each Adjustable-Rate Mortgage Loan is set forth in the
      Mortgage Loan Schedule.

     

    “Advance
      Facility”: As defined in Section 3.26 hereof.

     

    “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 Pooling and Servicing Agreement and all amendments hereof and supplements
      hereto.

     

    “Allocated
      Realized Loss Amount”: With respect to any Distribution Date and any Class of
      Mezzanine Certificates, (x) the sum of (i) any Realized Losses allocated to
      such
      Class of Certificates on such Distribution Date and (ii) the amount of any
      Allocated Realized Loss Amount for such Class of Certificates remaining unpaid
      from the previous Distribution Date minus (y) the amount of the increase in
      the
      Certificate Principal Balance of such Class due to the receipt of Subsequent
      Recoveries as provided in Section 4.01.

     

    “Ameriquest
      Servicing Fee Rate”:  The Servicing Fee less an amount to be retained
      by the Servicing Rights Owner as agreed to between the Servicing Rights Owner
      and the Servicer.

     

    “Assessment
      of Compliance”:  As defined in Section 3.21.

     

    “Assignment”:
      An assignment of Mortgage, notice of transfer or equivalent instrument, in
      recordable form (excepting therefrom, if applicable, recording information
      which
      has not been returned by the applicable recording office), which is sufficient
      under the laws of the jurisdiction wherein the related Mortgaged Property is
      located to reflect the record of sale of the Mortgage.

     

    “Attestation
      Report”: As defined in Section 3.21.

     

    “Available
      Distribution Amount”: With respect to any Distribution Date, an amount equal to
      the excess of (i) the sum of (a) the aggregate of the Monthly Payments due
      during the Due Period relating to such Distribution Date and received by the
      Servicer (or by a Sub-Servicer on its behalf) on or prior to the related
      Determination Date, (b) Liquidation Proceeds, Insurance Proceeds, Principal
      Prepayments, proceeds from repurchases of and substitutions for Mortgage Loans,
      Subsequent Recoveries and other unscheduled payments of principal and interest
      in respect of the Mortgage Loans or REO Properties received by the Servicer
      during the related Prepayment Period (exclusive of any Prepayment Interest
      Excess), (c) the aggregate of any amounts on deposit in the Distribution Account
      representing Compensating Interest Payments paid by the Servicer or the Master
      Servicer in respect of Prepayment Interest Shortfalls relating to Principal
      Prepayments that occurred during the related Prepayment Period, (d) the
      aggregate of any P&I Advances made by the Servicer or the Master Servicer
      for such Distribution Date and (e) Prepayment Charges received and Servicer
      Prepayment Charge Payment Amounts paid in respect of Mortgage Loans with respect
      to which a Principal Prepayment occurred during the related Prepayment Period
      and any amounts received from the Sponsor as contemplated in Section 2.03(b)
      in
      respect of any Principal Prepayment that occurred during or prior to the related
      Prepayment Period over (ii) the sum of (a) amounts reimbursable or payable
      to
      the Servicer pursuant to Section 3.11(a) or to the Master Servicer pursuant
      to
      Sections 3A.03, 3A.09 and 3A.10, (b) amounts reimbursable or payable to the
      Servicer, the Master Servicer, the Trustee, the Trust Administrator or the
      Custodian pursuant to Section 6.03 or Section 8.05 or otherwise payable in
      respect of Extraordinary Trust Fund Expenses and amounts payable to the Swap
      Provider (other than any Swap Termination Payment owed to the Swap Provider
      resulting from a Swap Provider Trigger Event), (c) amounts in respect of the
      items set forth in clauses (i)(a) through (i)(d) above deposited in the
      Collection Account or the Distribution Account in respect of the items set
      forth
      in clauses (i)(a) through (i)(d) above in error, (d) without duplication, any
      amounts in respect of the items set forth in clauses (i)(a) and (i)(b) permitted
      hereunder to be retained by the Servicer or to be withdrawn by the Servicer
      from
      the Collection Account pursuant to Section 3.18 and retained by the Master
      Servicer or to be withdrawn by the Master Servicer from the Distribution Account
      pursuant to Section 3A.11.  Notwithstanding any of the foregoing, with
      respect to any items that are a part of the Available Distribution Amount as
      defined above and that are required to be remitted by the Servicer to the Master
      Servicer, the Available Distribution Amount shall not be deemed to include
      any
      portion of such items that are not actually remitted by the Servicer to the
      Master Servicer.

     

    “Back-Up
      Certification”:  The meaning set forth in Section
      4.07(a)(iv).

     

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

     

    “Backup
      Servicer Fee”:   With respect to any Distribution Date, an amount
      equal to the greater of (x) the Backup Servicer Fee Rate accrued for one month
      on the aggregate Stated Principal Balance of the Mortgage Loans as of the first
      day of the related Due Period and (y) $5,000.

     

    “Backup
      Servicer Fee Rate”:  0.02% per annum.

     

    “Backup
      Servicing Agreement”: The Backup Servicing Agreement dated as of June 1, 2007,
      by and among the Backup Servicer, the Master Servicer and the
      Trustee.

     

    “Bankruptcy
      Code”: The Bankruptcy Reform Act of 1978 (Title 11 of the United States Code),
      as amended.

     

    “Bankruptcy
      Loss”: With respect to any Mortgage Loan, a Realized Loss resulting from a
      Deficient Valuation or Debt Service Reduction.

     

    “Book-Entry
      Certificate”: Any Certificate registered in the name of the Depository or its
      nominee.  Initially, the Book-Entry Certificates will be the Floating
      Rate Certificates, the Class CE-1 Certificates and the Class P
      Certificates.

     

    “Book-Entry
      Custodian”: The custodian appointed pursuant to Section 5.01.

     

    “Business
      Day”: Any day other than a Saturday, a Sunday or a day on which banking or
      savings and loan institutions in the State of Minnesota, the State of New York,
      the State of Texas, the State of Maryland, the State of California, or in the
      city in which the Corporate Trust Office of the Trustee or the Corporate Trust
      Office of the Trust Administrator is located, are authorized or obligated by
      law
      or executive order to be closed.

     

    “Cap
      Account”: The account or accounts created and maintained pursuant to Section
      4.08.  The Cap Account must be an Eligible Account.

     

    “Cap
      Administration Agreement”: The cap administration agreement, dated the Closing
      Date, among the Cap Trustee, the Cap Administrator, the Trust Administrator
      and
      Citigroup Global Markets Realty Corp. as majority holder of the Class CE-1
      Certificates, a form of which is attached hereto as Exhibit J.

     

    “Cap
      Administrator”: Wells Fargo Bank, N.A.

     

    “Cap
      Trust”: A separate trust, the sole asset of which is the Interest Rate Cap
      Agreement.

     

    “Cap
      Trustee”:  Wells Fargo Bank, N.A.

     

    “Cash-out
      Refinancing”: A Refinanced Mortgage Loan the proceeds of which were in excess of
      the principal balance of any existing first mortgage on the related Mortgaged
      Property and related closing costs, and were used to pay any such existing
      first
      mortgage, related closing costs and subordinate mortgages on the related
      Mortgaged Property.

     

    “Certificate”:
      Any one of the Citigroup Mortgage Loan Trust 2007-AMC4, Asset-Backed
      Pass-Through Certificates, Series 2007-AMC4, issued under this
      Agreement.

     

    “Certificate
      Factor”: With respect to any Class of Certificates as of any Distribution Date,
      a fraction, expressed as a decimal carried to six places, the numerator of
      which
      is the aggregate Certificate Principal Balance (or the Notional Amount, in
      the
      case of the Class CE-1 Certificates or Class CE-2 Certificates) of such Class
      of
      Certificates on such Distribution Date (after giving effect to any distributions
      of principal and allocations of Realized Losses and Extraordinary Trust Fund
      Expenses in reduction of the Certificate Principal Balance (or the Notional
      Amount, in the case of the Class CE-1 Certificates or Class CE-2 Certificates)
      of such Class of Certificates to be made on such Distribution Date), and the
      denominator of which is the initial aggregate Certificate Principal Balance
      (or
      the Notional Amount, in the case of the Class CE-1 Certificates or Class CE-2
      Certificates) of such Class of Certificates as of the Closing Date.

     

    “Certificateholder”
      or “Holder”: The Person in whose name a Certificate is registered in the
      Certificate Register, except that a Disqualified Organization or a Non-United
      States Person shall not 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 Servicer
      or the Master Servicer or any Affiliate thereof shall be deemed not to be
      outstanding and the Voting Rights to which it 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 and the Trust Administrator may
      conclusively rely upon a certificate of the Depositor, the Servicer or the
      Master Servicer in determining whether a Certificate is held by an Affiliate
      thereof. All references herein 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 herein; provided, however, that the Trustee and the Trust
      Administrator 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
      Margin”: With respect to the Floating Rate Certificates and for purposes of the
      Marker Rate and the Maximum LTZZ Uncertificated Interest Deferral Amount, the
      specified REMIC II Regular Interest as follows:

     

    
      	
              
                Class

              

            	
              
                REMIC
                  II Regular Interest

              

            	
              
                Certificate
                  Margin

              

            
	 	 	
              
                (%)
                  (1)

              

            	
              
                (%)
                  (2)

              

            
	
              A-1

            	
              LTA1

            	
              0.175%

            	
              0.350%

            
	
              A-2A

            	
              LTA2A

            	
              0.060%

            	
              0.120%

            
	
              A-2B

            	
              LTA2B

            	
              0.140%

            	
              0.280%

            
	
              A-2C

            	
              LTA2C

            	
              0.170%

            	
              0.340%

            
	
              A-2D

            	
              LTA2D

            	
              0.270%

            	
              0.540%

            
	
              M-1

            	
              LTM1

            	
              0.270%

            	
              0.405%

            
	
              M-2

            	
              LTM1

            	
              0.300%

            	
              0.450%

            
	
              M-3

            	
              LTM3

            	
              0.310%

            	
              0.465%

            
	
              M-4

            	
              LTM4

            	
              0.380%

            	
              0.570%

            
	
              M-5

            	
              LTM5

            	
              0.430%

            	
              0.645%

            
	
              M-6

            	
              LTM6

            	
              0.680%

            	
              1.020%

            
	
              M-7

            	
              LTM7

            	
              1.100%

            	
              1.650%

            
	
              M-8

            	
              LTM8

            	
              1.650%

            	
              2.475%

            
	
              M-9

            	
              LTM9

            	
              2.500%

            	
              3.750%

            
	
              M-10

            	
              LTM10

            	
              2.500%

            	
              3.750%

            
	
              M-11

            	
              LTM11

            	
              2.500%

            	
              3.750%

            

    

    __________

    (1)      For
      each Interest Accrual Period for each Distribution Date on or prior to the
      Optional Termination Date.

    (2)      For
      each other Interest Accrual Period.

     

    “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 the Depository
      or on the books of a Depository Participant or on the books of an indirect
      participating brokerage firm for which a Depository Participant acts as
      agent.

     

    “Certificate
      Principal Balance”: With respect to each Floating Rate Certificate or Class P
      Certificate as of any date of determination, the Certificate Principal Balance
      of such Certificate on the Distribution Date immediately prior to such date
      of
      determination plus any Subsequent Recoveries added to the Certificate Principal
      Balance of such Certificate pursuant to Section 4.01, minus all distributions
      allocable to principal made thereon and, in the case of the Mezzanine
      Certificates, Realized Losses allocated thereto on such immediately prior
      Distribution Date (or, in the case of any date of determination up to and
      including the first Distribution Date, the initial Certificate Principal Balance
      of such Certificate, as stated on the face thereof).  With respect to
      the Class CE-1 Certificates as of any date of determination, an amount equal
      to
      the Percentage Interest evidenced by such Certificate times the excess, if
      any,
      of (A) the then aggregate Uncertificated Balance of the REMIC II Regular
      Interests over (B) the then aggregate Certificate Principal Balance of the
      Floating Rate Certificates and the Class P Certificates then
      outstanding.

     

    “Certificate
      Register” and “Certificate Registrar”: The register maintained pursuant to
      Section 5.02.  Wells Fargo Bank, N.A. will act as Certificate
      Registrar, for so long as it is Trust Administrator under this
      Agreement.

     

    “Certification
      Parties”:  The meaning set forth in Section 4.07(a)(iv).

     

    “Certifying
      Person”:  The meaning set forth in Section 4.07(a)(iv).

     

     “Citibank”:
      Citibank, N.A.

     

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

     

    “Class
      A-1 Certificates”:  Any one of the Class A-1 Certificates executed,
      authenticated and delivered by the Trust Administrator, substantially in the
      form annexed hereto as Exhibit A-1 and evidencing (1) a Regular Interest in
      REMIC III for purposes of the REMIC Provisions, (2) the right to receive the
      related Net WAC Rate Carryover Amount and (3) the obligation to pay any Class
      IO
      Distribution Amount.

     

    “Class
      A-2A Certificates”:  Any one of the Class A-2A Certificates executed,
      authenticated and delivered by the Trust Administrator, substantially in the
      form annexed hereto as Exhibit A-2 and evidencing (1) a Regular Interest in
      REMIC III for purposes of the REMIC Provisions, (2) the right to receive the
      related Net WAC Rate Carryover Amount and (3) the obligation to pay any Class
      IO
      Distribution Amount.

     

    “Class
      A-2B Certificates”:  Any one of the Class A-2B Certificates executed,
      authenticated and delivered by the Trust Administrator, substantially in the
      form annexed hereto as Exhibit A-3 and evidencing (1) a Regular Interest in
      REMIC III for purposes of the REMIC Provisions, (2) the right to receive the
      related Net WAC Rate Carryover Amount and (3) the obligation to pay any Class
      IO
      Distribution Amount.

     

    “Class
      A-2C Certificates”:  Any one of the Class A-2C Certificates executed,
      authenticated and delivered by the Trust Administrator, substantially in the
      form annexed hereto as Exhibit A-4 and evidencing (1) a Regular Interest in
      REMIC III for purposes of the REMIC Provisions, (2) the right to receive the
      related Net WAC Rate Carryover Amount and (3) the obligation to pay any Class
      IO
      Distribution Amount.

     

    “Class
      A-2D Certificates”:  Any one of the Class A-2D Certificates executed,
      authenticated and delivered by the Trust Administrator, substantially in the
      form annexed hereto as Exhibit A-5 and evidencing (1) a Regular Interest in
      REMIC III for purposes of the REMIC Provisions, (2) the right to receive the
      related Net WAC Rate Carryover Amount and (3) the obligation to pay any Class
      IO
      Distribution Amount.

     

    “Class
      A
      Certificates”: Collectively, the Class A-1 Certificates, the Class A-2A
      Certificates, the Class A-2B Certificates, the Class A-2C Certificates and
      the
      Class A-2D Certificates.

     

    “Class
      CE-1 Certificate”: Any one of the Class CE-1 Certificates executed,
      authenticated and delivered by the Trust Administrator, substantially in the
      form annexed hereto as Exhibit A-17 and evidencing (1) a Regular Interest in
      REMIC IV and (2) beneficial ownership of the Supplemental Interest
      Trust.

     

    “Class
      CE-1 Interest”:  An uncertificated interest in the Trust Fund held by
      the Trustee on behalf of the Holders of the Class CE-1 Certificates, evidencing
      a Regular Interest in REMIC III for purposes of the REMIC
      Provisions.

     

    “Class
      CE-2 Certificate”: Any one of the Class CE-2 Certificates executed,
      authenticated and delivered by the Trust Administrator, substantially in the
      form annexed hereto as Exhibit A-17 and evidencing a Regular Interest in REMIC
      V
      for purposes of the REMIC Provisions.

     

    “Class
      CE-2 Interest”:  An uncertificated interest in the Trust Fund held by
      the Trustee on behalf of the Holders of the Class CE-2 Certificates, evidencing
      a Regular Interest in REMIC III for purposes of the REMIC
      Provisions.

     

    “Class
      M-1 Certificate”: Any one of the Class M-1 Certificates executed, authenticated
      and delivered by the Trust Administrator, substantially in the form annexed
      hereto as Exhibit A-6 and evidencing (1) a Regular Interest in REMIC III for
      purposes of the REMIC Provisions, (2) the right to receive the related Net
      WAC
      Rate Carryover Amount and (3) the obligation to pay any Class IO Distribution
      Amount.

     

    “Class
      M-1 Principal Distribution Amount”: With respect to any Distribution Date, the
      excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
      the
      Class A Certificates immediately prior to such Distribution Date (after taking
      into account the distribution of the Senior Principal Distribution Amount on
      such Distribution Date) and (ii) the Certificate Principal Balance of the Class
      M-1 Certificates immediately prior to such Distribution Date over (y) the lesser
      of (A) the product of (i) 53.60% and (ii) the aggregate Stated Principal Balance
      of the Mortgage Loans as of the last day of the related Due Period (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) and (B) the excess, if any,
      of
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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 0.50% of the aggregate Stated Principal Balance of the Mortgage
      Loans as of the Cut-off Date.

     

    “Class
      M-2 Certificate”: Any one of the Class M-2 Certificates executed, authenticated
      and delivered by the Trust Administrator, substantially in the form annexed
      hereto as Exhibit A-7 and evidencing (1) a Regular Interest in REMIC III for
      purposes of the REMIC Provisions, (2) the right to receive the related Net
      WAC
      Rate Carryover Amount and (3) the obligation to pay any Class IO Distribution
      Amount.

     

    “Class
      M-2 Principal Distribution Amount”: With respect to any Distribution Date, the
      excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
      the
      Class A Certificates immediately prior to such Distribution Date (after taking
      into account the distribution of the Senior Principal Distribution Amount on
      such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-1 Principal Distribution Amount on
      such
      Distribution Date) and (iii) the Certificate Principal Balance of the Class
      M-2
      Certificates immediately prior to such Distribution Date over (y) the lesser
      of
      (A) the product of (i) 63.60% and (ii) the aggregate Stated Principal Balance
      of
      the Mortgage Loans as of the last day of the related Due Period (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) and (B) the excess, if any,
      of
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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 0.50% of the aggregate Stated Principal Balance of the Mortgage
      Loans as of the Cut-off Date.

     

    “Class
      M-3 Certificate”: Any one of the Class M-3 Certificates executed, authenticated
      and delivered by the Trust Administrator, substantially in the form annexed
      hereto as Exhibit A-8 and evidencing (1) a Regular Interest in REMIC III for
      purposes of the REMIC Provisions, (2) the right to receive the related Net
      WAC
      Rate Carryover Amount and (3) the obligation to pay any Class IO Distribution
      Amount.

     

    “Class
      M-3 Principal Distribution Amount”: With respect to any Distribution Date, the
      excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
      the
      Class A Certificates immediately prior to such Distribution Date (after taking
      into account the distribution of the Senior Principal Distribution Amount on
      such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-1 Principal Distribution Amount on
      such
      Distribution Date), (iii) the Certificate Principal Balance of the Class M-2
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-2 Principal Distribution Amount on
      such
      Distribution Date) and (iv) the Certificate Principal Balance of the Class
      M-3
      Certificates immediately prior to such Distribution Date over (y) the lesser
      of
      (A) the product of (i) 66.60% and (ii) the aggregate Stated Principal Balance
      of
      the Mortgage Loans as of the last day of the related Due Period (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) and (B) the excess, if any,
      of
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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 0.50% of the aggregate Stated Principal Balance of the Mortgage
      Loans as of the Cut-off Date.

     

    “Class
      M-4 Certificate”: Any one of the Class M-4 Certificates executed, authenticated
      and delivered by the Trust Administrator, substantially in the form annexed
      hereto as Exhibit A-9 and evidencing (1) a Regular Interest in REMIC III for
      purposes of the REMIC Provisions, (2) the right to receive the related Net
      WAC
      Rate Carryover Amount and (3) the obligation to pay any Class IO Distribution
      Amount.

     

    “Class
      M-4 Principal Distribution Amount”: With respect to any Distribution Date, the
      excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
      the
      Class A Certificates immediately prior to such Distribution Date (after taking
      into account the distribution of the Senior Principal Distribution Amount on
      such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-1 Principal Distribution Amount on
      such
      Distribution Date), (iii) the Certificate Principal Balance of the Class M-2
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-2 Principal Distribution Amount on
      such
      Distribution Date), (iv) the Certificate Principal Balance of the Class M-3
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-3 Principal Distribution Amount on
      such
      Distribution Date) and (v) the Certificate Principal Balance of the Class M-4
      Certificates immediately prior to such Distribution Date over (y) the lesser
      of
      (A) the product of (i) 69.70% and (ii) the aggregate Stated Principal Balance
      of
      the Mortgage Loans as of the last day of the related Due Period (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) and (B) the excess, if any,
      of
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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 0.50% of the aggregate Stated Principal Balance of the Mortgage
      Loans as of the Cut-off Date.

     

    “Class
      M-5 Certificate”: Any one of the Class M-5 Certificates executed, authenticated
      and delivered by the Trust Administrator, substantially in the form annexed
      hereto as Exhibit A-10 and evidencing (1) a Regular Interest in REMIC III for
      purposes of the REMIC Provisions, (2) the right to receive the related Net
      WAC
      Rate Carryover Amount and (3) the obligation to pay any Class IO Distribution
      Amount.

     

    “Class
      M-5 Principal Distribution Amount”: With respect to any Distribution Date, the
      excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
      the
      Class A Certificates immediately prior to such Distribution Date (after taking
      into account the distribution of the Senior Principal Distribution Amount on
      such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-1 Principal Distribution Amount on
      such
      Distribution Date), (iii) the Certificate Principal Balance of the Class M-2
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-2 Principal Distribution Amount on
      such
      Distribution Date), (iv) the Certificate Principal Balance of the Class M-3
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-3 Principal Distribution Amount on
      such
      Distribution Date), (v) the Certificate Principal Balance of the Class M-4
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-4 Principal Distribution Amount on
      such
      Distribution Date) and (vi) the Certificate Principal Balance of the Class
      M-5
      Certificates immediately prior to such Distribution Date over (y) the lesser
      of
      (A) the product of (i) 72.60% and (ii) the aggregate Stated Principal Balance
      of
      the Mortgage Loans as of the last day of the related Due Period (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) and (B) the excess, if any,
      of
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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 0.50% of the aggregate Stated Principal Balance of the Mortgage
      Loans as of the Cut-off Date.

     

    “Class
      M-6 Certificate”: Any one of the Class M-6 Certificates executed, authenticated
      and delivered by the Trust Administrator, substantially in the form annexed
      hereto as Exhibit A-11 and evidencing (1) a Regular Interest in REMIC III for
      purposes of the REMIC Provisions, (2) the right to receive the related Net
      WAC
      Rate Carryover Amount and (3) the obligation to pay any Class IO Distribution
      Amount.

     

    “Class
      M-6 Principal Distribution Amount”: With respect to any Distribution Date, the
      excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
      the
      Class A Certificates immediately prior to such Distribution Date (after taking
      into account the distributions of the Senior Principal Distribution Amount
      on
      such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-1 Principal Distribution Amount on
      such
      Distribution Date), (iii) the Certificate Principal Balance of the Class M-2
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-2 Principal Distribution Amount on
      such
      Distribution Date), (iv) the Certificate Principal Balance of the Class M-3
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-3 Principal Distribution Amount on
      such
      Distribution Date), (v) the Certificate Principal Balance of the Class M-4
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-4 Principal Distribution Amount on
      such
      Distribution Date), (vi) the Certificate Principal Balance of the Class M-5
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-5 Principal Distribution Amount on
      such
      Distribution Date) and (vii) the Certificate Principal Balance of the Class
      M-6
      Certificates immediately prior to such Distribution Date over (y) the lesser
      of
      (A) the product of (i) 74.80% and (ii) the aggregate Stated Principal Balance
      of
      the Mortgage Loans as of the last day of the related Due Period (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) and (B) the excess, if any,
      of
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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 0.50% of the aggregate Stated Principal Balance of the Mortgage
      Loans as of the Cut-off Date.

     

    “Class
      M-7 Certificate”: Any one of the Class M-7 Certificates executed, authenticated
      and delivered by the Trust Administrator, substantially in the form annexed
      hereto as Exhibit A-12 and evidencing (1) a Regular Interest in REMIC III for
      purposes of the REMIC Provisions, (2) the right to receive the related Net
      WAC
      Rate Carryover Amount and (3) the obligation to pay any Class IO Distribution
      Amount.

     

    “Class
      M-7 Principal Distribution Amount”: With respect to any Distribution Date, the
      excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
      the
      Class A Certificates immediately prior to such Distribution Date (after taking
      into account the distribution of the Senior Principal Distribution Amount on
      such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-1 Principal Distribution Amount on
      such
      Distribution Date), (iii) the Certificate Principal Balance of the Class M-2
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-2 Principal Distribution Amount on
      such
      Distribution Date), (iv) the Certificate Principal Balance of the Class M-3
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-3 Principal Distribution Amount on
      such
      Distribution Date), (v) the Certificate Principal Balance of the Class M-4
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-4 Principal Distribution Amount on
      such
      Distribution Date), (vi) the Certificate Principal Balance of the Class M-5
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-5 Principal Distribution Amount on
      such
      Distribution Date), (vii) the Certificate Principal Balance of the Class M-6
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-6 Principal Distribution Amount on
      such
      Distribution Date) and (viii) the Certificate Principal Balance of the Class
      M-7
      Certificates immediately prior to such Distribution Date over (y) the lesser
      of
      (A) the product of (i) 77.70% and (ii) the aggregate Stated Principal Balance
      of
      the Mortgage Loans as of the last day of the related Due Period (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) and (B) the excess, if any,
      of
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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 0.50% of the aggregate Stated Principal Balance of the Mortgage
      Loans as of the Cut-off Date.

     

    “Class
      M-8 Certificate”: Any one of the Class M-8 Certificates executed, authenticated
      and delivered by the Trust Administrator, substantially in the form annexed
      hereto as Exhibit A-13 and evidencing (1) a Regular Interest in REMIC III for
      purposes of the REMIC Provisions, (2) the right to receive the related Net
      WAC
      Rate Carryover Amount and (3) the obligation to pay any Class IO Distribution
      Amount.

     

    “Class
      M-8 Principal Distribution Amount”: With respect to any Distribution Date, the
      excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
      the
      Class A Certificates immediately prior to such Distribution Date (after taking
      into account the distribution of the Senior Principal Distribution Amount on
      such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-1 Principal Distribution Amount on
      such
      Distribution Date), (iii) the Certificate Principal Balance of the Class M-2
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-2 Principal Distribution Amount on
      such
      Distribution Date), (iv) the Certificate Principal Balance of the Class M-3
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-3 Principal Distribution Amount on
      such
      Distribution Date), (v) the Certificate Principal Balance of the Class M-4
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-4 Principal Distribution Amount on
      such
      Distribution Date), (vi) the Certificate Principal Balance of the Class M-5
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-5 Principal Distribution Amount on
      such
      Distribution Date), (vii) the Certificate Principal Balance of the Class M-6
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-6 Principal Distribution Amount on
      such
      Distribution Date), (viii) the Certificate Principal Balance of the Class M-7
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-7 Principal Distribution Amount on
      such
      Distribution Date) and (viii) the Certificate Principal Balance of the Class
      M-8
      Certificates immediately prior to such Distribution Date over (y) the lesser
      of
      (A) the product of (i) 80.20% and (ii) the aggregate Stated Principal Balance
      of
      the Mortgage Loans as of the last day of the related Due Period (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) and (B) the excess, if any,
      of
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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 0.50% of the aggregate Stated Principal Balance of the Mortgage
      Loans as of the Cut-off Date.

     

    “Class
      M-9 Certificate”: Any one of the Class M-9 Certificates executed, authenticated
      and delivered by the Trust Administrator, substantially in the form annexed
      hereto as Exhibit A-14 and evidencing (1) a Regular Interest in REMIC III for
      purposes of the REMIC Provisions, (2) the right to receive the related Net
      WAC
      Rate Carryover Amount and (3) the obligation to pay any Class IO Distribution
      Amount.

     

    “Class
      M-9 Principal Distribution Amount”: With respect to any Distribution Date, the
      excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
      the
      Class A Certificates immediately prior to such Distribution Date (after taking
      into account the distribution of the Senior Principal Distribution Amount on
      such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-1 Principal Distribution Amount on
      such
      Distribution Date), (iii) the Certificate Principal Balance of the Class M-2
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-2 Principal Distribution Amount on
      such
      Distribution Date), (iv) the Certificate Principal Balance of the Class M-3
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-3 Principal Distribution Amount on
      such
      Distribution Date), (v) the Certificate Principal Balance of the Class M-4
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-4 Principal Distribution Amount on
      such
      Distribution Date), (vi) the Certificate Principal Balance of the Class M-5
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-5 Principal Distribution Amount on
      such
      Distribution Date), (vii) the Certificate Principal Balance of the Class M-6
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-6 Principal Distribution Amount on
      such
      Distribution Date), (viii) the Certificate Principal Balance of the Class M-7
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-7 Principal Distribution Amount on
      such
      Distribution Date), (ix) the Certificate Principal Balance of the Class M-8
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-8 Principal Distribution Amount on
      such
      Distribution Date) and (x) the Certificate Principal Balance of the Class M-9
      Certificates immediately prior to such Distribution Date over (y) the lesser
      of
      (A) the product of (i) 84.10% and (ii) the aggregate Stated Principal Balance
      of
      the Mortgage Loans as of the last day of the related Due Period (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) and (B) the excess, if any,
      of
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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 0.50% of the aggregate Stated Principal Balance of the Mortgage
      Loans as of the Cut-off Date.

     

    “Class
      M-10 Certificate”: Any one of the Class M-10 Certificates executed,
      authenticated and delivered by the Trust Administrator, substantially in the
      form annexed hereto as Exhibit A-15 and evidencing (1) a Regular Interest in
      REMIC III for purposes of the REMIC Provisions, (2) the right to receive the
      related Net WAC Rate Carryover Amount and (3) the obligation to pay any Class
      IO
      Distribution Amount.

     

    “Class
      M-10 Principal Distribution Amount”: With respect to any Distribution Date, the
      excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
      the
      Class A Certificates immediately prior to such Distribution Date (after taking
      into account the distribution of the Senior Principal Distribution Amount on
      such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-1 Principal Distribution Amount on
      such
      Distribution Date), (iii) the Certificate Principal Balance of the Class M-2
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-2 Principal Distribution Amount on
      such
      Distribution Date), (iv) the Certificate Principal Balance of the Class M-3
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-3 Principal Distribution Amount on
      such
      Distribution Date), (v) the Certificate Principal Balance of the Class M-4
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-4 Principal Distribution Amount on
      such
      Distribution Date), (vi) the Certificate Principal Balance of the Class M-5
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-5 Principal Distribution Amount on
      such
      Distribution Date), (vii) the Certificate Principal Balance of the Class M-6
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-6 Principal Distribution Amount on
      such
      Distribution Date), (viii) the Certificate Principal Balance of the Class M-7
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-7 Principal Distribution Amount on
      such
      Distribution Date), (ix) the Certificate Principal Balance of the Class M-8
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-8 Principal Distribution Amount on
      such
      Distribution Date), (x) the Certificate Principal Balance of the Class M-9
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-9 Principal Distribution Amount on
      such
      Distribution Date) and (xi) the Certificate Principal Balance of the Class
      M-10
      Certificates immediately prior to such Distribution Date over (y) the lesser
      of
      (A) the product of (i) 87.80% and (ii) the aggregate Stated Principal Balance
      of
      the Mortgage Loans as of the last day of the related Due Period (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) and (B) the excess, if any,
      of
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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 0.50% of the aggregate Stated Principal Balance of the Mortgage
      Loans as of the Cut-off Date.

     

    “Class
      M-11 Certificate”: Any one of the Class M-11 Certificates executed,
      authenticated and delivered by the Trust Administrator, substantially in the
      form annexed hereto as Exhibit A-16 and evidencing (1) a Regular Interest in
      REMIC III for purposes of the REMIC Provisions, (2) the right to receive the
      related Net WAC Rate Carryover Amount and (3) the obligation to pay any Class
      IO
      Distribution Amount.

     

    “Class
      M-11 Principal Distribution Amount”: With respect to any Distribution Date, the
      excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
      the
      Class A Certificates immediately prior to such Distribution Date (after taking
      into account the distribution of the Senior Principal Distribution Amount on
      such Distribution Date), (ii) the Certificate Principal Balance of the Class
      M-1
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-1 Principal Distribution Amount on
      such
      Distribution Date), (iii) the Certificate Principal Balance of the Class M-2
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-2 Principal Distribution Amount on
      such
      Distribution Date), (iv) the Certificate Principal Balance of the Class M-3
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-3 Principal Distribution Amount on
      such
      Distribution Date), (v) the Certificate Principal Balance of the Class M-4
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-4 Principal Distribution Amount on
      such
      Distribution Date), (vi) the Certificate Principal Balance of the Class M-5
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-5 Principal Distribution Amount on
      such
      Distribution Date), (vii) the Certificate Principal Balance of the Class M-6
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-6 Principal Distribution Amount on
      such
      Distribution Date), (viii) the Certificate Principal Balance of the Class M-7
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-7 Principal Distribution Amount on
      such
      Distribution Date), (ix) the Certificate Principal Balance of the Class M-8
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-8 Principal Distribution Amount on
      such
      Distribution Date), (x) the Certificate Principal Balance of the Class M-9
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-9 Principal Distribution Amount on
      such
      Distribution Date), (xi) the Certificate Principal Balance of the Class M-10
      Certificates immediately prior to such Distribution Date (after taking into
      account the distribution of the Class M-10 Principal Distribution Amount on
      such
      Distribution Date) and (xii) the Certificate Principal Balance of the Class
      M-11
      Certificates immediately prior to such Distribution Date over (y) the lesser
      of
      (A) the product of (i) 89.40% and (ii) the aggregate Stated Principal Balance
      of
      the Mortgage Loans as of the last day of the related Due Period (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) and (B) the excess, if any,
      of
      the aggregate Stated Principal Balance of the Mortgage Loans as of the last
      day
      of the related Due Period (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 0.50% of the aggregate Stated Principal Balance of the Mortgage
      Loans as of the Cut-off Date.

     

    “Class
      P
      Certificate”: Any one of the Class P Certificates executed, authenticated and
      delivered by the Trust Administrator, substantially in the form annexed hereto
      as Exhibit A-18 and evidencing a Regular Interest in REMIC VI for purposes
      of
      the REMIC Provisions.

     

    “Class
      P
      Interest”:  An uncertificated interest in the Trust Fund held by the
      Trustee on behalf of the Holders of the Class P Certificates, evidencing a
      Regular Interest in REMIC III for purposes of the REMIC Provisions.

     

    “Class
      R
      Certificate”: Any one of the Class R Certificates executed, authenticated and
      delivered by the Trust Administrator, substantially in the form annexed hereto
      as Exhibit A-19 and evidencing the ownership of the Class R-I Interest, the
      Class R-II Interest and the Class R-III Interest.

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

    “Class
      R-X Certificate”: Any one of the Class R-X Certificates executed, authenticated
      and delivered by the Trust Administrator, substantially in the form annexed
      hereto as Exhibit A-20 and evidencing the ownership of the Class R-IV Interest,
      the Class R-V Interest, the Class R-VI Interest and the Class R-VII
      Interest.

     

    “Closing
      Date”: June 29, 2007.

     

    “Code”:  The
      Internal Revenue Code of 1986, as amended, and the regulations
      thereto.

     

    “Collection
      Account”:  The account or accounts created and maintained, or caused
      to be created and maintained, by the Servicer pursuant to Section 3.10(a),
      which
      shall be titled (i) “Ameriquest Mortgage Company, as the Servicer for U.S. Bank
      National Association, as Trustee, in trust for the registered holders of
      Citigroup Mortgage Loan Trust 2007-AMC4, Asset-Backed Pass-Through Certificates,
      Series 2007-AMC4, Mortgage Pass-Through Certificates.”   The
      Collection Account must be an Eligible Account.

     

    “Commission”:
      The Securities and Exchange Commission.

     

    “Compensating
      Interest Payment”:  With respect to any Distribution Date and the
      Mortgage Loans for which a Principal Prepayment in full or in part was received
      during the related Prepayment Period, an amount equal to the lesser of (A)
      the
      aggregate of the Prepayment Interest Shortfalls for the related Distribution
      Date and (B) the aggregate Servicing Fee actually paid to the Servicer for
      such
      month in which Prepayment Interest Shortfalls were incurred.

     

    “Corresponding
      Certificate”: With respect to each REMIC II Regular Interest, the Class of
      Regular Certificates listed below:

     

    
      	
              
                REMIC
                  II Regular Interest

                 

              

            	
              
                Class

                 

              

            
	
              LTA1

            	
              Class
                A-1

            
	
              LTA2A

            	
              Class
                A-2A

            
	
              LTA2B

            	
              Class
                A-2B

            
	
              LTA2C

            	
              Class
                A-2C

            
	
              LTA2D

            	
              Class
                A-2D

            
	
              LTM1

            	
              Class
                M-1

            
	
              LTM2

            	
              Class
                M-2

            
	
              LTM3

            	
              Class
                M-3

            
	
              LTM4

            	
              Class
                M-4

            
	
              LTM5

            	
              Class
                M-5

            
	
              LTM6

            	
              Class
                M-6

            
	
              LTM7

            	
              Class
                M-7

            
	
              LTM8

            	
              Class
                M-8

            
	
              LTM9

            	
              Class
                M-9

            
	
              LTM10

            	
              Class
                M-10

            
	
              LTM11

            	
              Class
                M-11

            
	
              LTP

            	
              Class
                P

            
	
              LTCE-2

            	
              Class
                CE-2

            

    

     

    “Corporate
      Trust Office”:  The principal corporate trust office of the Trustee or
      the Trust Administrator at which at any particular time its corporate trust
      business in connection with this Agreement shall be administered, which office,
      with respect to the Trust Administrator,  (A) for Certificate transfer
      and surrender purposes, Well Fargo Bank, N.A., Sixth Street and Marquette
      Avenue, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services—CMLTI
      2007-AMC4 and (B) for all other purposes, Wells Fargo Bank, N.A. 9062 Old
      Annapolis Road, Columbia, Maryland 21045 Attention: Client Manager—CMLTI
      2007-AMC4, or such other address as the Trust Administrator may designate from
      time to time by notice to the Certificateholders, the Depositor, the Servicer
      and the Trustee and, with respect to the Trustee, at the date of the execution
      of this instrument is located at One Federal Street, Boston, Massachusetts
      02110, Attention: Structured Finance/CMLTI 2007-AMC4, or such other address
      as
      the Trustee may designate from time to time by notice to the Certificateholders,
      the Depositor, the Servicer and the Trust Administrator.

     

    “Credit
      Risk Manager”:  Clayton Fixed Income Services Inc., a Colorado
      corporation, and its successors and assigns.

     

    “Credit
      Risk Management Agreement”:  Each respective agreement between the
      Credit Risk Manager and the Servicer and/or the Credit Risk Manager and the
      Master Servicer regarding the loss mitigation and advisory services to be
      provided by the Credit Risk Manager.

     

    “Credit
      Risk Manager Fee”:  With respect to any Distribution Date, an amount
      equal to the Credit Risk Manager Fee Rate accrued for one month on the aggregate
      Stated Principal Balance of the Mortgage Loans as of the first day of the
      related Due Period.

     

    “Credit
      Risk Manager Fee Rate”: 0.0135% per annum.

     

    “Custodian”:  A
      document custodian appointed by the Trustee to perform (or in the case of the
      related initial Custodian otherwise engaged to perform) custodial duties with
      respect to the Mortgage Files.  The initial Custodian is Citibank,
      N.A.  The Custodian may be the Trustee, any Affiliate of the Trustee
      or an independent entity.

     

    “Custodial
      Agreement”:  An agreement pursuant to which the Custodian performs
      custodial duties with respect to the Mortgage Files.  With respect to
      the related initial Custodian, the applicable agreement pursuant to which the
      related initial Custodian performs its custodial duties with respect to the
      Mortgage Files.

     

    “Cut-off
      Date”: With respect to each Original Mortgage Loan, June 1, 2007. With respect
      to all Qualified Substitute Mortgage Loans, their respective dates of
      substitution. 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.

     

    “Debt
      Service Reduction”: With respect to any Mortgage Loan, a reduction in the
      scheduled Monthly Payment for such Mortgage Loan by a court of competent
      jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction
      resulting from a Deficient Valuation.

     

    “Deficient
      Valuation”: With respect to any Mortgage Loan, a valuation of the related
      Mortgaged Property by a court of competent jurisdiction in an amount less than
      the then outstanding Stated Principal Balance of the Mortgage Loan, which
      valuation results from a proceeding initiated under the Bankruptcy
      Code.

     

    “Definitive
      Certificates”:  As defined in Section 5.01(b).

     

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

     

    “Delinquency
      Percentage”: As of the last day of the related Due Period, the percentage
      equivalent of a fraction, the numerator of which is the aggregate Stated
      Principal Balance of the Mortgage Loans that, as of the last day of the previous
      calendar month, are 60 or more days delinquent, are in foreclosure, have been
      converted to REO Properties or in bankruptcy (and delinquent 60 days or more),
      and the denominator of which is the aggregate Stated Principal Balance of the
      Mortgage Loans and REO Properties as of the last day of the previous calendar
      month.

     

    “Depositor”:
      Citigroup Mortgage Loan Trust Inc., a Delaware corporation, 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(3) 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 Exchange
      Act.

     

    “Depository
      Institution”: Any depository institution or trust company, including the Trustee
      and the Trust Administrator, that (a) is incorporated under the laws of the
      United States of America or any State thereof, (b) is subject to supervision
      and
      examination by federal or state banking authorities and (c) has, or is a
      subsidiary of a holding company that has, an outstanding unsecured commercial
      paper or other short-term unsecured debt obligations that are rated in the
      highest rating category (P-1 by Moody’s and A-1 by S&P) by the Rating
      Agencies (or a comparable rating if S&P and Moody’s are not the Rating
      Agencies).

     

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

     

    “Determination
      Date”: With respect to each Distribution Date, the Business Day immediately
      preceding the Servicer Remittance Date.

     

    “Directing
      Holder”:  The Holder of the largest Percentage Interest of the Class
      CE-1 Certificates.

     

    “Directly
      Operate”: With respect to any REO Property, the furnishing or rendering of
      services to the tenants thereof, the management or operation of such REO
      Property, the holding of such REO Property primarily for sale to customers,
      the
      performance of any construction work thereon or any use of such REO Property
      in
      a trade or business conducted by REMIC I, other than through an Independent
      Contractor; provided, however, that the Trustee (or the Servicer or the Master
      Servicer on behalf of the Trustee) shall not be considered to Directly Operate
      an REO Property solely because the Trustee (or the Servicer or the Master
      Servicer on behalf of the Trustee) establishes rental terms, chooses tenants,
      enters into or renews leases, deals with taxes and insurance, or makes decisions
      as to repairs or capital expenditures with respect to such REO
      Property.

     

    “Disqualified
      Organization”: 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 Freddie Mac, a majority of its board of directors is not selected by such
      governmental unit), (ii) any 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, (v) an “electing large partnership” within the meaning of Section 775
      of the Code and (vi) any other Person so designated by the Trustee or Trust
      Administrator based upon an Opinion of Counsel that the holding of an Ownership
      Interest in a Residual Certificate by such Person may cause any REMIC 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 Residual 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
      Account”: The trust account or accounts created and maintained by the Trust
      Administrator pursuant to Section 3A.11 which shall be entitled “Wells Fargo
      Bank, N.A., as Trust Administrator for U.S. Bank National Association as
      Trustee, in trust for the registered holders of Citigroup Mortgage Loan Trust
      2007-AMC4, Asset-Backed Pass-Through Certificates, Series 2007-AMC4.” The
      Distribution Account must be an Eligible Account.

     

    “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
      July 2007.

     

    “DOL”:
      The United States Department of Labor or any successor in interest.

     

    “DOL
      Regulations”: The regulations promulgated by the DOL at 29
      C.F.R.ss.2510.3-101.

     

    “Due
      Date”: With respect to each Distribution Date, the first day of the calendar
      month in which such Distribution Date occurs, which is the day of the month
      on
      which the Monthly Payment is due on a Mortgage Loan, exclusive of any days
      of
      grace.

     

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

     

    “Eligible
      Account”: Any of (i) an account or accounts maintained with a Depository
      Institution; provided, that following a downgrade, withdrawal, or suspension
      of
      any such Depository Institution’s rating below A-2 by S&P, such account
      shall promptly (and in any case within not more than 30 calendar days) be moved
      to one or more segregated trust accounts in the trust department of such
      institution, or to an account at another institution that complies with the
      above requirements, (ii) a trust account or accounts maintained with the
      corporate trust department of a federal or state chartered depository
      institution or trust company acting in its fiduciary capacity or (iii) an
      account otherwise acceptable to each Rating Agency without reduction or
      withdrawal of their then current ratings of the Certificates as evidenced by
      a
      letter from each Rating Agency to the Trustee and Trust
      Administrator.  Eligible Accounts may bear
      interest.  Notwithstanding Section 11.01, this Agreement may be
      amended to reduce the rating requirements in clause (i) above, without the
      consent of any of the Certificateholders, provided that the Person requesting
      such amendment obtains a letter from each Rating Agency stating that such
      amendment would not result in the downgrading or withdrawal of the respective
      ratings then assigned to the Certificates.

     

    “ERISA”:
      The Employee Retirement Income Security Act of 1974, as amended.

     

    “Estate
      in Real Property”: A fee simple estate in a parcel of land.

     

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

     

    “Excess
      Overcollateralized Amount”:  With respect to the Floating Rate
      Certificates and any Distribution Date, the excess, if any, of (i) the
      Overcollateralized Amount for such Distribution Date (calculated for this
      purpose only after assuming that 100% of the Principal Remittance Amount on
      such
      Distribution Date has been distributed) over (ii) the Overcollateralization
      Target Amount for such Distribution Date.

     

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

     

    “Expense
      Adjusted Maximum Mortgage Rate”:  With respect to any Mortgage Loan
      (or the related REO Property) as of any date of determination, a per annum
      rate
      of interest equal to the then applicable Maximum Mortgage Rate (or Mortgage
      Rate, in the case of any fixed-rate Mortgage Loan) for such Mortgage Loan minus
      the sum of the (i) the Servicing Fee Rate, (ii) the Backup Servicer Fee Rate
      and
      (iii) the Credit Risk Manager Fee Rate.

     

    “Expense
      Adjusted Mortgage Rate”:  With respect to any Mortgage Loan (or the
      related REO Property) as of any date of determination, a per annum rate of
      interest equal to the then applicable Mortgage Rate for such Mortgage Loan
      minus
      the sum of the (i) the Servicing Fee Rate, (ii) the Backup Servicer Fee Rate
      and
      (iii) the Credit Risk Manager Fee Rate.

     

    “Extraordinary
      Trust Fund Expenses”: Any amounts reimbursable to the Servicer or the Depositor
      pursuant to Section 6.03, any amounts reimbursable to the Master Servicer
      pursuant to Section 3A.03 or Section 6.03, to the Trustee pursuant to Section
      3.06 or Section 7.02, any amounts payable from the Distribution Account in
      respect of taxes pursuant to Section 10.01(g)(iii), any amounts reimbursable
      to
      the Trustee, the Trust Administrator or the Custodian from the Trust Fund
      pursuant to Section 2.01, Section 8.05 or 10.01(c) and any other costs,
      expenses, liabilities and losses borne by the Trust Fund for which the Trust
      Fund has not and, in the reasonable good faith judgment of the Trust
      Administrator, shall not, obtain reimbursement or indemnification from any
      other
      Person.

     

    “Fannie
      Mae”: Fannie Mae, formerly known as the Federal National Mortgage Association,
      or any successor thereto.

     

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

     

    “Final
      Recovery Determination”: With respect to any defaulted Mortgage Loan or any REO
      Property (other than a Mortgage Loan or REO Property purchased by the Sponsor,
      the Depositor or the Servicer pursuant to or as contemplated by Section 2.03
      or
      Section 9.01), a determination made by the Servicer that all Liquidation
      Proceeds have been recovered. The Servicer shall maintain records of each Final
      Recovery Determination made thereby.

     

    “Fixed
      Swap Payment”: With respect to any Distribution Date, a fixed amount equal to
      the related amount set forth in the Interest Rate Swap Agreement.

     

    “Floating
      Rate Certificates”:  The Class A Certificates and the Mezzanine
      Certificates.

     

    “Floating
      Swap Payment”: With respect to any Distribution Date, a floating amount equal to
      the product of (i) Swap LIBOR, (ii) the related Swap Notional Amount (as defined
      in the Interest Rate Swap Agreement), (iii) 250 and (iv) a fraction, the
      numerator of which is the actual number of days elapsed from and including
      the
      previous Floating Rate Payer Payment Date (as defined in the Interest Rate
      Swap
      Agreement) to but excluding the current Floating Rate Payer Payment (or, for
      the
      first Floating Rate Payer Payment Date, the actual number of days elapsed from
      the Closing Date to but excluding the first Floating Rate Payer Payment Date),
      and the denominator of which is 360.

     

    “Form
      8-K
      Disclosure Information”:  The meaning set forth in Section
      4.07(a)(iii).

     

    “Formula
      Rate”: With respect to any Distribution Date and each Class of Floating Rate
      Certificates, the lesser of (i) One-Month LIBOR plus the related Certificate
      Margin and (ii) the related Maximum Cap Rate.

     

    “Freddie
      Mac”: Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation,
      or any successor thereto.

     

    “Gross
      Margin”: With respect to each Adjustable-Rate Mortgage Loan, the fixed
      percentage set forth in the related Mortgage Note that is added to the Index
      on
      each Adjustment Date in accordance with the terms of the related Mortgage Note
      used to determine the Mortgage Rate for such Adjustable-Rate Mortgage
      Loan.

     

    “Group
      I
      Allocation Percentage”: With respect to the Group I Certificates and any
      Distribution Date, the percentage equivalent of a fraction, the numerator of
      which is (x) the Group I Principal Remittance Amount for such Distribution
      Date
      and the denominator of which is (y) the Principal Remittance Amount for such
      Distribution Date.

     

    “Group
      I
      Certificates”: The Class A-1 Certificates.

     

    “Group
      I
      Interest Remittance Amount”: For any Distribution Date, that portion of the
      Available Distribution Amount for the related Distribution Date that represents
      interest received or advanced on the Group I Mortgage Loans and Compensating
      Interest Payments on the Group I Mortgage Loans (net of Servicing Fees, Backup
      Servicer Fees and Credit Risk Manager Fees).

     

    “Group
      I
      Mortgage Loan”:  A Mortgage Loan assigned to Loan Group
      I.  All Group I Mortgage Loans have a principal balance at origination
      that conforms to Fannie Mae and Freddie Mac loan limits.

     

    “Group
      I
      Principal Distribution Amount”: With respect to any Distribution Date, that
      portion of the Available Distribution Amount equal to the sum of (i) the
      principal portion of each Monthly Payment due on the Group I Mortgage Loans
      during the related Due Period, whether or not received on or prior to the
      related Determination Date; (ii) the Stated Principal Balance of any Group
      I
      Mortgage Loan that was purchased during the related Prepayment Period pursuant
      to or as contemplated by Section 2.03 or Section 9.01 and the amount of any
      shortfall deposited in the Collection Account in connection with the
      substitution of a Deleted Mortgage Loan pursuant to Section 2.03 during the
      related Prepayment Period; (iii) the principal portion of all other unscheduled
      collections (including, without limitation, Principal Prepayments, Insurance
      Proceeds, Liquidation Proceeds, Subsequent Recoveries and REO Principal
      Amortization) received on the Group I Mortgage Loans during the related
      Prepayment Period, net of any portion thereof that represents a recovery of
      principal for which an Advance was made by the Servicer pursuant to Section
      4.03
      in respect of a preceding Distribution Date and (iv) the Group I Allocation
      Percentage of any Overcollateralization Increase Amount for such Distribution
      Date minus (v) the Group I Allocation Percentage of any Overcollateralization
      Reduction Amount for such Distribution Date.  In no event will the
      Principal Distribution Amount with respect to any Distribution Date be (x)
      less
      than zero or (y) greater than the then outstanding aggregate Certificate
      Principal Balance of the Floating Rate Certificates.

     

    “Group
      I
      Principal Remittance Amount”: For any Distribution Date, that portion of the
      Available Distribution Amount equal to the sum of the amounts set forth in
      (i)
      through (iii) of the definition of Group I Principal Distribution
      Amount.

     

    “Group
      I
      Senior Principal Distribution Amount”:  With respect to any
      Distribution Date, the excess of (x) the aggregate Certificate Principal Balance
      of the Group I Certificates immediately prior to such Distribution Date over
      (y)
      the lesser of (A) the product of (i) 44.40% and (ii) the aggregate Stated
      Principal Balance of the Group I Mortgage Loans as of the last day of the
      related Due Period (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) and (B) the excess, if any, of the aggregate Stated Principal Balance
      of
      the Group I Mortgage Loans as of the last day of the related Due Period (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 0.50% of the
      aggregate Stated Principal Balance of the Group I Mortgage Loans as of the
      Cut-off Date.

     

    “Group
      II
      Allocation Percentage”: With respect to the Group II Certificates and any
      Distribution Date, the percentage equivalent of a fraction, the numerator of
      which is (x) the Group II Principal Remittance Amount for such Distribution
      Date
      and the denominator of which is (y) the Principal Remittance Amount for such
      Distribution Date.

     

    “Group
      II
      Certificates”: The Class A-2A Certificates, the Class A-2B Certificates, the
      Class A-2C Certificates and the Class A-2D Certificates.

     

    “Group
      II
      Interest Remittance Amount”: For any Distribution Date, that portion of the
      Available Distribution Amount for the related Distribution Date that represents
      interest received or advanced on the Group II Mortgage Loans and Compensating
      Interest Payments on the Group II Mortgage Loans (net of Servicing Fees, Backup
      Servicer Fees and Credit Risk Manager Fees).

     

    “Group
      II
      Mortgage Loan”:  A Mortgage Loan assigned to Loan Group
      II.  The Group II Mortgage Loans have a principal balance at
      origination that may or may not conform to Fannie Mae and Freddie Mac loan
      limits.

     

    “Group
      II
      Principal Distribution Amount”: With respect to any Distribution Date, that
      portion of the Available Distribution Amount equal to the sum of (i) the
      principal portion of each Monthly Payment due on the Group II Mortgage Loans
      during the related Due Period, whether or not received on or prior to the
      related Determination Date; (ii) the Stated Principal Balance of any Group
      II
      Mortgage Loan that was purchased during the related Prepayment Period pursuant
      to or as contemplated by Section 2.03 or Section 9.01 and the amount of any
      shortfall deposited in the Collection Account in connection with the
      substitution of a Deleted Mortgage Loan pursuant to Section 2.03 during the
      related Prepayment Period; (iii) the principal portion of all other unscheduled
      collections (including, without limitation, Principal Prepayments, Insurance
      Proceeds, Liquidation Proceeds, Subsequent Recoveries and REO Principal
      Amortization) received on the Group II Mortgage Loans during the related
      Prepayment Period, net of any portion thereof that represents a recovery of
      principal for which an Advance was made by the Servicer pursuant to Section
      4.03
      in respect of a preceding Distribution Date and (iv) the Group II Allocation
      Percentage of any Overcollateralization Increase Amount for such Distribution
      Date minus (v) the Group II Allocation Percentage of any Overcollateralization
      Reduction Amount for such Distribution Date.  In no event will the
      Principal Distribution Amount with respect to any Distribution Date be (x)
      less
      than zero or (y) greater than the then outstanding aggregate Certificate
      Principal Balance of the Floating Rate Certificates.

     

    “Group
      II
      Principal Remittance Amount”: For any Distribution Date, that portion of the
      Available Distribution Amount equal to the sum of the amounts set forth in
      (i)
      through (iii) of the definition of Group II Principal Distribution
      Amount.

     

    “Group
      II
      Senior Principal Distribution Amount”:  With respect to any
      Distribution Date, the excess of (x) the aggregate Certificate Principal Balance
      of the Group II Certificates immediately prior to such Distribution Date over
      (y) the lesser of (A) the product of (i) 44.40% and (ii) the aggregate Stated
      Principal Balance of the Group II Mortgage Loans as of the last day of the
      related Due Period (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) and (B) the excess, if any, of the aggregate Stated Principal Balance
      of
      the Group II Mortgage Loans as of the last day of the related Due Period (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 0.50% of the
      aggregate Stated Principal Balance of the Group II Mortgage Loans as of the
      Cut-off Date.

     

    “Highest
      Priority”:  As of any date of determination, the Class of Mezzanine
      Certificates then outstanding with a Certificate Principal Balance greater
      than
      zero, with the highest priority for payments pursuant to Section 4.01, in the
      following order: Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class
      M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11
      Certificates.

     

    “Indenture”:
      An indenture relating to the issuance of notes secured by the Class CE-1
      Certificates, the Class P Certificates and/or the Residual Certificates (or
      any
      portion thereof).

     

    “Independent”:
      When used with respect to any specified Person, any such Person who (a) is
      in
      fact independent of the Depositor, the Servicer, the Backup Servicer, the Master
      Servicer, the Trustee and the Trust Administrator and their respective
      Affiliates, (b) does not have any direct financial interest in or any material
      indirect financial interest in the Depositor, the Servicer, the Backup Servicer,
      the Master Servicer, the Trustee, the Trust Administrator or any Affiliate
      thereof, and (c) is not connected with the Depositor, the Servicer, the Master
      Servicer, the Trustee, the Trust Administrator or any Affiliate thereof as
      an
      officer, employee, promoter, underwriter, trustee, partner, director or Person
      performing similar functions; provided, however, that a Person shall not fail
      to
      be Independent of the Depositor, the Servicer, the Backup Servicer, the Master
      Servicer, the Trustee, the Trust Administrator or any Affiliate thereof merely
      because such Person is the beneficial owner of 1% or less of any class of
      securities issued by the Depositor or the Servicer or any Affiliate thereof,
      as
      the case may be.

     

    “Independent
      Contractor”: Either (i) any Person (other than the Servicer or the Master
      Servicer) that would be an “independent contractor” with respect to any REMIC
      within the meaning of Section 856(d)(3) of the Code if any REMIC were a real
      estate investment trust (except that the ownership tests set forth in that
      section shall be considered to be met by any Person that owns, directly or
      indirectly, 35% or more of any Class of Certificates), so long as any REMIC
      does
      not receive or derive any income from such Person and provided that the
      relationship between such Person and any REMIC is at arm’s length, all within
      the meaning of Treasury Regulation Section 1.856-4(b)(5), or (ii) any other
      Person (including the Servicer or the Master Servicer) if the Trust
      Administrator has received an Opinion of Counsel for the benefit of the Trustee
      and the Trust Administrator to the effect that the taking of any action in
      respect of any REO Property by such Person, subject to any conditions therein
      specified, that is otherwise herein contemplated to be taken by an Independent
      Contractor will not cause such REO Property to cease to qualify as “foreclosure
      property” within the meaning of Section 860G(a)(8) of the Code (determined
      without regard to the exception applicable for purposes of Section 860D(a)
      of
      the Code), or cause any income realized in respect of such REO Property to
      fail
      to qualify as Rents from Real Property.

     

    “Index”:  With
      respect to each Adjustable-Rate Mortgage Loan and each related Adjustment Date,
      the index specified in the related Mortgage Note.

     

    “Insurance
      Proceeds”: Proceeds of any title policy, hazard policy or other insurance policy
      covering a Mortgage Loan, to the extent such proceeds are not to be applied
      to
      the restoration of the related Mortgaged Property or released to the Mortgagor
      in accordance with the procedures that the Servicer would follow in servicing
      mortgage loans held for its own account, subject to the terms and conditions
      of
      the related Mortgage Note and Mortgage.

     

    “Interest
      Accrual Period”: With respect to any Distribution Date and the Floating Rate
      Certificates, the period commencing on the Distribution Date of the month
      immediately preceding the month in which such Distribution Date occurs (or,
      in
      the case of the first Distribution Date, commencing on the Closing Date) and
      ending on the day immediately preceding such Distribution Date.  With
      respect to any Distribution Date and the Class CE-1 Certificates, the Class
      CE-2
      Certificates and the REMIC Regular Interests, the one-month period ending on
      the
      last day of the calendar month preceding the month in which such Distribution
      Date occurs.

     

    “Interest
      Carry Forward Amount”: With respect to any Distribution Date and the Floating
      Rate Certificates, the sum of (i) the amount, if any, by which (a) the Interest
      Distribution Amount for such Class of Certificates as of the immediately
      preceding Distribution Date exceeded (b) the actual amount distributed on such
      Class of Certificates in respect of interest on such immediately preceding
      Distribution Date, (ii) the amount of any Interest Carry Forward Amount for
      such
      Class of Certificates remaining unpaid from the previous Distribution Date
      and
      (iii) accrued interest on the sum of (i) and (ii) above calculated at the
      related Pass-Through Rate for the most recently ended Interest Accrual
      Period.

     

    “Interest
      Determination Date”: With respect to the Floating Rate Certificates and for
      purposes of the definition of Marker Rate and Maximum LTZZ Uncertificated
      Interest Deferral Amount, REMIC II Regular Interest LTA1, REMIC II Regular
      Interest LTA2A, REMIC II Regular Interest LTA2B, REMIC II Regular Interest
      LTA2C, REMIC II Regular Interest LTA2D, REMIC II Regular Interest LTM1, REMIC
      II
      Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest
      LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC
      II
      Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest
      LTM9, REMIC II Regular Interest LTM10 and REMIC II Regular Interest LTM11,
      and
      any Interest Accrual Period therefor, the second London Business Day preceding
      the commencement of such Interest Accrual Period.

     

    “Interest
      Distribution Amount”: With respect to any Floating Rate Certificate and the
      Class CE-1 Certificates and the Class CE-2 Certificates and each Distribution
      Date, interest accrued during the related Interest Accrual Period at the
      Pass-Through Rate for such Certificate for such Distribution Date on the
      Certificate Principal Balance (in the case of the Floating Rate Certificates)
      or
      on the Notional Amount (in the case of the Class CE-1 Certificates and the
      Class
      CE-2 Certificates) of such Certificate immediately prior to such Distribution
      Date.  The Class P Certificates are not entitled to distributions in
      respect of interest and, accordingly, shall not accrue interest.  All
      distributions of interest on the Floating Rate Certificates shall be calculated
      on the basis of a 360-day year and the actual number of days in the applicable
      Interest Accrual Period.  All distributions of interest on the Class
      CE-1 Certificates and the Class CE-2 Certificates shall be based on a 360-day
      year consisting of twelve 30-day months.  The Interest Distribution
      Amount with respect to each Distribution Date, as to any Floating Rate
      Certificate or the Class CE-1 Certificates, shall be reduced by an amount equal
      to the portion allocable to such Certificate pursuant to Section 1.02 hereof
      of
      the sum of (a) the aggregate Prepayment Interest Shortfall, if any, for such
      Distribution Date to the extent not covered by payments pursuant to Section
      3.24
      and (b) the aggregate amount of any Relief Act Interest Shortfall, if any,
      for
      such Distribution Date.

     

    “Interest
      Rate Cap Agreement”: The interest rate cap agreement, dated the Closing Date,
      between the Cap Trustee and the Interest Rate Cap Provider, including any
      schedule, confirmations, credit support annex or other credit support document
      relating thereto, and attached hereto as Exhibit I.

     

    “Interest
      Rate Cap Credit Support Annex”:  The credit support annex, dated the
      Closing Date, between the Cap Trustee and the Interest Rate Cap Provider, which
      is annexed to and forms part of the Interest Rate Cap Agreement.

     

    “Interest
      Rate Cap Provider”:  The cap provider under the Interest Rate Cap
      Agreement.  Initially, the Interest Rate Cap Provider shall be Swiss
      Re Financial Products Corporation.

     

    “Interest
      Rate Swap Agreement”:  The interest rate swap agreement, dated the
      Closing Date, between the Supplemental Interest Trust Trustee and the Swap
      Provider, including any schedule, confirmations, credit support annex or other
      credit support document relating thereto, and attached hereto as Exhibit
      I.

     

    “Late
      Collections”: With respect to any Mortgage Loan, all amounts received subsequent
      to the Determination Date immediately following any Due Period, whether as
      late
      payments of Monthly Payments or as Insurance Proceeds, Liquidation Proceeds,
      Subsequent Recoveries or otherwise, which represent late payments or collections
      of principal and/or interest due (without regard to any acceleration of payments
      under the related Mortgage and Mortgage Note) but delinquent for such Due Period
      and not previously recovered.

     

    “Liquidation
      Event”: With respect to any Mortgage Loan, any of the following events: (i) such
      Mortgage Loan is paid in full; (ii) a Final Recovery Determination is made
      as to
      such Mortgage Loan; or (iii) such Mortgage Loan is removed from any REMIC by
      reason of its being purchased, sold or replaced pursuant to or as contemplated
      by Section 2.03 or Section 9.01. With respect to any REO Property, either of
      the
      following events: (i) a Final Recovery Determination is made as to such REO
      Property; or (ii) such REO Property is removed from REMIC I by reason of its
      being purchased pursuant to Section 9.01.

     

    “Liquidation
      Proceeds”: The amount (including any Insurance Proceeds or amounts received in
      respect of the rental of any REO Property prior to REO Disposition) received
      by
      the Servicer in connection with (i) the taking of all or a part of a Mortgaged
      Property by exercise of the power of eminent domain or condemnation, (ii) the
      liquidation of a defaulted Mortgage Loan through a trustee’s sale, foreclosure
      sale or otherwise, or (iii) the repurchase, substitution or sale of a Mortgage
      Loan or an REO Property pursuant to or as contemplated by Section 2.03, Section
      3.23 or Section 9.01.

     

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

     

    “Loan
      Group”: Loan Group I or Loan Group II, as the context requires.

     

    “Loan
      Group I”: The group of Mortgage Loans identified in the Mortgage Loan Schedule
      as having been assigned to Loan Group I.

     

    “Loan
      Group II”: The group of Mortgage Loans identified in the Mortgage Loan Schedule
      as having been assigned to Loan Group II.

     

    “London
      Business Day”: Any day on which banks in the City of London and New York are
      open and conducting transactions in United States dollars.

     

    “Marker
      Rate”: With respect to the Class CE-1 Interest and any Distribution Date, a per
      annum rate equal to two (2) times the weighted average of the REMIC II
      Remittance Rate for REMIC II Regular Interest LTA1, REMIC II Regular Interest
      LTA2A, REMIC II Regular Interest LTA2B, REMIC II Regular Interest LTA2C, REMIC
      II Regular Interest LTA2D, REMIC II Regular Interest LTM1, REMIC II Regular
      Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4,
      REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular
      Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9,
      REMIC II Regular Interest LTM10, REMIC II Regular Interest LTM11 and REMIC
      II
      Regular Interest LTZZ, with the rate on each such REMIC II Regular Interest
      (other than REMIC II Regular Interest LTZZ) subject to a cap equal to the lesser
      of (i) One-Month LIBOR plus the related Certificate Margin for the related
      Corresponding Certificate and (ii) the related Net WAC Pass-Through Rate for
      the
      related Corresponding Certificate for the purpose of this calculation for such
      Distribution Date and with the rate on REMIC II Regular Interest LTZZ subject
      to
      a cap of zero for the purpose of this calculation; provided, however, each
      such
      cap shall be multiplied by a fraction, the numerator of which is the actual
      number of days elapsed in the related Interest Accrual Period and the
      denominator of which is 30.

     

    “Master
      Servicer”:  As of the Closing Date, Wells Fargo Bank, N.A. and
      thereafter, its respective successors in interest who meet the qualifications
      of
      the Master Servicer under this Agreement or any successor appointed
      hereunder.  The Master Servicer and the Trust Administrator shall at
      all times be the same Person.

     

    “Master
      Servicer Event of Default”: One or more of the events described in
      Section 7.01(b).

     

    “Master
      Servicing Compensation”:  The meaning specified in
      Section 3A.09.

     

    “Master
      Servicing Transfer Costs”:  Shall mean all reasonable out-of-pocket
      costs and expenses incurred by the Trustee in connection with the transfer
      of
      master servicing from a predecessor master servicer, including, without
      limitation, any reasonable costs or expenses associated with the complete
      transfer of all servicing data and master 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.

     

    “Maximum
      Cap Rate”:  For any Distribution Date with respect to the Group I
      Certificates, a per annum rate equal to the product of (1) the excess, if any,
      of (a) the weighted average of the Expense Adjusted Maximum Mortgage Rates
      of
      the Group I Mortgage Loans, weighted on the basis of the outstanding Stated
      Principal Balances of the Group I Mortgage Loans as of the first day of the
      related Due Period (adjusted to reflect unscheduled principal payments made
      thereafter during the Prepayment Period that includes such first day) over
      (b)
      the Swap Expense Fee Rate for such Distribution Date and (2) a fraction, the
      numerator of which is 30 and the denominator of which is the actual number
      of
      days elapsed in the related Interest Accrual Period.

     

    For
      any
      Distribution Date with respect to the Group II Certificates, a per annum rate
      equal to the product of (1) a per annum rate equal to the excess, if any, of
      (a)
      the weighted average of the Expense Adjusted Maximum Mortgage Rates of the
      Group
      II Mortgage Loans, weighted on the basis of the outstanding Stated Principal
      Balances of the Group II Mortgage Loans as of the first day of the related
      Due
      Period (adjusted to reflect unscheduled principal payments made thereafter
      during the Prepayment Period that includes such first day) over (b) the Swap
      Expense Fee Rate for such Distribution Date and (2) a fraction, the numerator
      of
      which is 30 and the denominator of which is the actual number of days elapsed
      in
      the related Interest Accrual Period.

     

    For
      any
      Distribution Date with respect to the Mezzanine Certificates, a per annum rate
      equal to the weighted average (weighted on the basis of the results of
      subtracting from the aggregate Stated Principal Balance of the applicable Loan
      Group as of the first day of the related Due Period (adjusted to reflect
      unscheduled principal payments made thereafter during the Prepayment Period
      that
      includes such first day), the current aggregate Certificate Principal Balance
      of
      the related Class A Certificates) of the Maximum Cap Rate for the Group I
      Certificates and the Maximum Cap Rate for the Group II
      Certificates.

     

    “Maximum
      LTZZ Uncertificated Interest Deferral Amount”:  With respect to any
      Distribution Date, the excess of (i) accrued interest at the REMIC II Remittance
      Rate applicable to REMIC II Regular Interest LTZZ for such Distribution Date
      on
      a balance equal to the Uncertificated Balance of REMIC II Regular Interest
      LTZZ
      minus the REMIC II Overcollateralized Amount, in each case for such Distribution
      Date, over (ii) Uncertificated Interest on REMIC II Regular Interest LTA1,
      REMIC
      II Regular Interest LTA2A, REMIC II Regular Interest LTA2B, REMIC II Regular
      Interest LTA2C, REMIC II Regular Interest LTA2D, REMIC II Regular Interest
      LTM1,
      REMIC II Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular
      Interest LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6,
      REMIC II Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular
      Interest LTM9, REMIC II Regular Interest LTM10 and REMIC II Regular Interest
      LTM11 for such Distribution Date, with the rate on each such REMIC II Regular
      Interest subject to a cap equal to the lesser of (i) One-Month LIBOR plus the
      related Certificate Margin for the related Corresponding Certificate and (ii)
      the related Net WAC Pass-Through Rate for the related Corresponding Certificate;
      provided, however, each cap shall be multiplied by a fraction, the numerator
      of
      which is the actual number of days elapsed in the related Interest Accrual
      Period and the denominator of which is 30.

     

    “Maximum
      Mortgage Rate”: With respect to each Adjustable-Rate Mortgage Loan, the
      percentage set forth in the related Mortgage Note as the maximum Mortgage Rate
      thereunder.

     

    “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.

     

    “Mezzanine
      Certificates”: Collectively, the Class M-1 Certificates, the Class M-2
      Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class
      M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the
      Class M-8 Certificates, the Class M-9 Certificates, the Class M-10 Certificates
      and the Class M-11 Certificates.

     

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

     

    “Minimum
      Auction Amount”:  With respect to any auction of the Mortgage Loans
      and any REO Properties pursuant to Section 9.03, the sum of (i) the Termination
      Price if the Optional Termination were exercised in the following calendar
      month
      pursuant to Section 9.01 and (ii) all reasonable fees and expenses incurred
      by
      the Trust Administrator in connection with any auction conducted pursuant to
      Section 9.03.

     

    “Minimum
      Mortgage Rate”: With respect to each Adjustable-Rate Mortgage Loan, the
      percentage set forth in the related Mortgage Note as the minimum Mortgage Rate
      thereunder.

     

    “MOM
      Loan”: With respect to any Mortgage Loans registered with MERS on the MERS®
System, 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
      Payment”: With respect to any Mortgage Loan, the scheduled monthly payment of
      principal and/or interest on such Mortgage Loan which is payable by the related
      Mortgagor from time to time under the related Mortgage Note, determined: (a)
      after giving effect to (i) any Deficient Valuation and/or Debt Service Reduction
      with respect to such Mortgage Loan and (ii) any reduction in the amount of
      interest collectible from the related Mortgagor pursuant to the Relief Act;
      (b)
      without giving effect to any extension granted or agreed to by the Servicer
      pursuant to Section 3.07; and (c) on the assumption that all other amounts,
      if
      any, due under such Mortgage Loan are paid when due.

     

    “Monthly
      Statement”:  The statement prepared by the Trust Administrator
      pursuant to Section 4.02.

     

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

     

    “Mortgage”:
      The mortgage, deed of trust or other instrument creating a first lien on, or
      first priority security interest in, a Mortgaged Property securing a Mortgage
      Note.

     

    “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.

     

    “Mortgage
      Loan”: Each mortgage loan transferred and assigned to the Trustee pursuant to
      Section 2.01 or Section 2.03(d) of this Agreement, as from time to time held
      as
      a part of REMIC I, the Mortgage Loans so held being identified in the Mortgage
      Loan Schedule.

     

    “Mortgage
      Loan Purchase Agreement”:  The agreement between the Sponsor and the
      Depositor regarding the transfer of the Mortgage Loans by the Sponsor to or
      at
      the direction of the Depositor, substantially in the form of Exhibit D annexed
      hereto.

     

    “Mortgage
      Loan Remittance Rate”: With respect to any Mortgage Loan or REO Property, as of
      any date of determination, the then applicable Mortgage Rate in respect thereof
      net of the Servicing Fee Rate.

     

    “Mortgage
      Loan Schedule”: As of any date, the list of Mortgage Loans included in REMIC I
      on such date, separately identifying the Group I Mortgage Loans and the Group
      II
      Mortgage Loans, attached hereto as Schedule 1.  The Mortgage Loan
      Schedule shall set forth the following information with respect to each Mortgage
      Loan:

     

    (i)  the
      Mortgage Loan identifying number;

     

    (ii)  a
      code
      indicating whether the Mortgaged Property is owner-occupied;

     

    (iii)  the
      state
      and zip code of the Mortgaged Property

     

    (iv)  the
      type
      of Residential Dwelling constituting the Mortgaged Property;

     

    (v)  the
      original months to maturity;

     

    (vi)  the
      stated remaining months to maturity from the Cut-off Date based on the original
      amortization schedule of the mortgage;

     

    (vii)  the
      Loan-to-Value Ratio at origination;

     

    (viii)  the
      Mortgage Rate in effect immediately following the Cut-off Date;

     

    (ix)  the
      date
      on which the first Monthly Payment was due on the Mortgage Loan;

     

    (x)  the
      stated maturity date;

     

    (xi)  the
      amount of the Monthly Payment at origination;

     

    (xii)  the
      amount of the Monthly Payment as of the Cut-off Date;

     

    (xiii)  the
      last
      Due Date on which a Monthly Payment was actually applied to the unpaid Stated
      Principal Balance;

     

    (xiv)  the
      original principal amount of the Mortgage Loan;

     

    (xv)  the
      Scheduled Principal Balance of the Mortgage Loan as of the close of business
      on
      the Cut-off Date;

     

    (xvi)  a
      code
      indicating the purpose of the Mortgage Loan (i.e., purchase financing, Rate/Term
      Refinancing, Cash-Out Refinancing);

     

    (xvii)  a
      code
      indicating the documentation style (i.e., full, alternative or
      reduced);

     

    (xviii)  the
      Value
      of the Mortgaged Property;

     

    (xix)  the
      sale
      price of the Mortgaged Property, if applicable;

     

    (xx)  the
      actual unpaid principal balance of the Mortgage Loan as of the Cut-off
      Date;

     

    (xxi)  the
      credit score (“FICO”) of such Mortgage Loan;

     

    (xxii)  the
      total
      amount of points and fees charged such Mortgage Loan;

     

    (xxiii)  the
      term
      of the Prepayment Charge, if any;

     

    (xxiv)  the
      percentage of the principal balance covered by lender paid mortgage insurance,
      if any; and

     

    (xxv)  with
      respect to each Adjustable-Rate Mortgage Loan, the Adjustment Dates, the Gross
      Margin, the Maximum Mortgage Rate, the Minimum Mortgage Rate, the Periodic
      Rate
      Cap, the maximum first Adjustment Date Mortgage Rate adjustment, the first
      Adjustment Date immediately following the origination date and the rounding
      code
      (i.e., nearest 0.125%, next highest 0.125%).

     

    The
      Mortgage Loan Schedule shall set forth the following information with respect
      to
      the Mortgage Loans by Loan Group and in the aggregate as of the Cut-off Date:
      (1) the number of Mortgage Loans; (2) the current principal balance of the
      Mortgage Loans; (3) the weighted average Mortgage Rate of the Mortgage Loans;
      (4) the weighted average maturity of the Mortgage Loans; (5) the Scheduled
      Principal Balance of the Mortgage Loans as of the close of business on the
      Cut-off Date (not taking into account any Principal Prepayments received on
      the
      Cut-off Date); and (6) the amount of the Monthly Payment as of the Cut-off
      Date.
      The Mortgage Loan Schedule shall be amended from time to time by the Depositor
      in accordance with the provisions of this Agreement. With respect to any
      Qualified Substitute Mortgage Loan, Cut-off Date shall refer to the related
      Cut-off Date for such Mortgage Loan, determined in accordance with the
      definition of Cut-off Date herein.

     

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

     

    “Mortgage
      Pool”: The pool of Mortgage Loans, identified on Schedule 1 from time to time,
      and any REO Properties acquired in respect thereof.

     

    “Mortgage
      Rate”: With respect to each Mortgage Loan, the annual rate at which interest
      accrues on such Mortgage Loan from time to time in accordance with the
      provisions of the related Mortgage Note, without regard to any reduction thereof
      as a result of a Debt Service Reduction or operation of the Relief Act, which
      rate (i) with respect to each fixed-rate Mortgage Loan shall remain constant
      at
      the rate set forth in the Mortgage Loan Schedule as the Mortgage Rate in effect
      immediately following the Cut-off Date and (ii) with respect to the
      Adjustable-Rate Mortgage Loans, (A) as of any date of determination until the
      first Adjustment Date following the Cut-off Date shall be the rate set forth
      in
      the Mortgage Loan Schedule as the Mortgage Rate in effect immediately following
      the Cut-off Date and (B) as of any date of determination thereafter shall be
      the
      rate as adjusted on the most recent Adjustment Date equal to the sum, rounded
      as
      provided in the Mortgage Note, of the Index, as published as of a date prior
      to
      the Adjustment Date as set forth in the related Mortgage Note, plus the related
      Gross Margin; provided that the Mortgage Rate on such Adjustable-Rate Mortgage
      Loan on any Adjustment Date shall never be more than the lesser of (i) the
      sum
      of the Mortgage Rate in effect immediately prior to the Adjustment Date plus
      the
      related Periodic Rate Cap, if any, and (ii) the related Maximum Mortgage Rate,
      and shall never be less than the greater of (i) the Mortgage Rate in effect
      immediately prior to the Adjustment Date less the Periodic Rate Cap, if any,
      and
      (ii) the related Minimum Mortgage Rate.  With respect to each Mortgage
      Loan that becomes an REO Property, as of any date of determination, the annual
      rate determined in accordance with the immediately preceding sentence as of
      the
      date such Mortgage Loan became an REO Property.

     

    “Mortgaged
      Property”: The underlying property securing a Mortgage Loan, including any REO
      Property, consisting of an Estate in Real Property improved by a Residential
      Dwelling.

     

    “Mortgagor”:  The
      obligor on a Mortgage Note.

     

    “Net
      Monthly Excess Cashflow”: With respect to any Distribution Date, the sum of (i)
      any Overcollateralization Reduction Amount and (ii) the excess of (x) the
      Available Distribution Amount for such Distribution Date over (y) the sum for
      such Distribution Date of (A) the Senior Interest Distribution Amounts
      distributable to the Holders of the Class A Certificates and the Interest
      Distribution Amounts distributable to the Holders of the Mezzanine Certificates
      and (B) the Principal Remittance Amount.

     

    “Net
      Swap
      Payment”: In the case of payments made by the Trust, the excess, if any, of (x)
      the Fixed Swap Payment over (y) the Floating Swap Payment and in the case of
      payments made by the Swap Provider, the excess, if any, of (x) the Floating
      Swap
      Payment over (y) the Fixed Swap Payment. In each case, the Net Swap Payment
      shall not be less than zero.

     

    “Net
      WAC
      Pass-Through Rate”:  For any Distribution Date with respect to the
      Group I Certificates, a per annum rate equal to the product of (x) the excess,
      if any, of (i) the weighted average of the Expense Adjusted Mortgage Rates
      of
      the Group I Mortgage Loans, weighted on the basis of the outstanding Stated
      Principal Balances of the Group I Mortgage Loans as of the first day of the
      related Due Period (adjusted to reflect unscheduled principal payments made
      thereafter during the Prepayment Period that includes such first day) over
      (ii)
      the Swap Expense Fee Rate for such Distribution Date and (y) a fraction, the
      numerator of which is 30 and the denominator of which is the actual number
      of
      days elapsed in the related Interest Accrual Period.  For federal
      income tax purposes, the economic equivalent of such rate shall be expressed
      as
      a per annum rate equal to the product of (x) the weighted average of the REMIC
      II Remittance Rate on REMIC II Regular Interest LT1GRP, weighted on the basis
      of
      the Uncertificated Balance of such REMIC II Regular Interest and (y) a fraction,
      the numerator of which is 30 and the denominator of which is the actual number
      of days elapsed in the related Interest Accrual Period.

     

    For
      any
      Distribution Date with respect to the Group II Certificates, a per annum rate
      equal to the product of (x) the excess, if any, of (i) the weighted average
      of
      the Expense Adjusted Mortgage Rates of the Group II Mortgage Loans, weighted
      on
      the basis of the outstanding Stated Principal Balances of the Group II Mortgage
      Loans as of the first day of the related Due Period (adjusted to reflect
      unscheduled principal payments made thereafter during the Prepayment Period
      that
      includes such first day) over (ii) the Swap Expense Fee Rate for such
      Distribution Date and (y) a fraction, the numerator of which is 30 and the
      denominator of which is the actual number of days elapsed in the related
      Interest Accrual Period.  For federal income tax purposes, the
      economic equivalent of such rate shall be expressed as a per annum rate equal
      to
      the product of (x) the weighted average of the REMIC II Remittance Rate on
      REMIC
      II Regular Interest LT2GRP, weighted on the basis of the Uncertificated Balance
      of such REMIC II Regular Interest and (y) a fraction, the numerator of which
      is
      30 and the denominator of which is the actual number of days elapsed in the
      related Interest Accrual Period.

     

    For
      any
      Distribution Date with respect to the Mezzanine Certificates, a per annum rate
      equal to the weighted average (weighted on the basis of the results of
      subtracting from the aggregate Stated Principal Balance of the applicable Loan
      Group as of the first day of the related Due Period (adjusted to reflect
      unscheduled principal payments made thereafter during the Prepayment Period
      that
      includes such first day), the current aggregate Certificate Principal Balance
      of
      the related Class A Certificates) of (i) the Net WAC Pass-Through Rate for
      the
      Group I Certificates and (ii) the Net WAC Pass-Through Rate for the Group II
      Certificates.  For federal income tax purposes, the economic
      equivalent of such rate shall be expressed as a per annum rate equal to the
      product of (x) the weighted average of the REMIC II Remittance Rates on (a)
      REMIC II Regular Interest LT1SUB, subject to a cap and a floor equal to the
      REMIC II Remittance Rate on REMIC II Regular Interest LT1GRP and (b) REMIC
      II
      Regular Interest LT2SUB, subject to a cap and a floor equal to the REMIC II
      Remittance Rate on REMIC II Regular Interest I-LT2GRP, weighted on the basis
      of
      the Uncertificated Balance of each such REMIC II Regular Interest and (y) a
      fraction, the numerator of which is 30 and the denominator of which is the
      actual number of days elapsed in the related Interest Accrual
      Period.

     

    “Net
      WAC
      Rate Carryover Reserve Account”:  The Net WAC Rate Carryover Reserve
      Account established and maintained pursuant to Section 4.06.

     

    “Net
      WAC
      Rate Carryover Amount”:  With respect to any Distribution Date and any
      Class of Floating Rate Certificates, the sum of (A) the positive excess, if
      any,
      of (i) the amount of interest that would have accrued on such Class of
      Certificates for such Distribution Date if the Pass-Through Rate for such Class
      of Certificates for such Distribution Date were calculated at the related
      Formula Rate over (ii) the amount of interest accrued on such Class of
      Certificates at the related Net WAC Pass-Through Rate for such Distribution
      Date
      and (B) the related Net WAC Rate Carryover Amount for the previous Distribution
      Date not previously distributed together with interest accrued on such unpaid
      amount for the most recently ended Interest Accrual Period at the Formula Rate
      for such Class of Certificates and such Distribution Date.

     

    “New
      Lease”: Any lease of REO Property entered into on behalf of REMIC I, including
      any lease renewed or extended on behalf of REMIC I, if REMIC I has the right
      to
      renegotiate the terms of such lease.

     

    “Nonrecoverable
      Advance”: Any P&I Advance or Servicing Advance previously made or proposed
      to be made in respect of a Mortgage Loan or REO Property that, in the good
      faith
      business judgment of the Servicer or the Master Servicer, as applicable, will
      not or, in the case of a proposed P&I Advance or Servicing Advance, would
      not be ultimately recoverable from related late payments, Insurance Proceeds
      or
      Liquidation Proceeds on such Mortgage Loan or REO Property as provided
      herein.

     

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

     

    “Notional
      Amount”:  With respect to the Class CE-1 Interest and any Distribution
      Date, the aggregate Uncertificated Balance of the REMIC II Regular Interests
      (other than REMIC II Regular Interest LTP) for such Distribution
      Date.  With respect to the Class CE-2 Certificates and any
      Distribution Date, the Notional Amount of the Class CE-2 Interest for such
      Distribution Date.  With respect to the Class CE-2 Interest and any
      Distribution Date, the Notional Amount of the REMIC II Regular Interest
      LTCE-2.  With respect to REMIC II Regular Interest LTCE-2 and any
      Distribution Date, the Notional Amount of the REMIC I Regular Interest
      I-CE-2.  With respect to REMIC I Regular Interest I-CE-2 and any
      Distribution Date, the aggregate Stated Principal Balance of the Mortgage Loans
      for such Distribution Date.

     

    “Officer’s
      Certificate”: A certificate signed by the Chairman of the Board, the Vice
      Chairman of the Board, the President or a vice president (however denominated),
      and by the Treasurer, the Secretary, or one of the assistant treasurers or
      assistant secretaries of the Servicer, the Master Servicer, the Sponsor or
      the
      Depositor, as applicable.

     

    “One-Month
      LIBOR”:  For purposes of the Marker Rate and Maximum LTZZ
      Uncertificated Interest Deferral Amount, REMIC II Regular Interest LTA1, REMIC
      II Regular Interest LTA2A, REMIC II Regular Interest LTA2B, REMIC II Regular
      Interest LTA2C, REMIC II Regular Interest LTA2D, REMIC II Regular Interest
      LTM1,
      REMIC II Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular
      Interest LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6,
      REMIC II Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular
      Interest LTM9, REMIC II Regular Interest LTM10 and REMIC II Regular Interest
      LTM11, and any Interest Accrual Period therefor, the rate determined by the
      Trust Administrator on the related Interest Determination Date on the basis
      of
      the offered rate for one-month U.S. dollar deposits, as such rate appears on
      Reuters Screen LIBOR01 Page, Bloomberg Page BBAM or another page of these or
      any
      other financial reporting service in general use in the financial services
      industry, as of 11:00 a.m. (London time) on such Interest Determination Date;
      provided that if such rate does not appear on Reuters Screen LIBOR01 Page,
      the
      rate for such date will be determined on the basis of the offered rates of
      the
      Reference Banks for one-month U.S. dollar deposits, as of 11:00 a.m. (London
      time) on such Interest Determination Date.  In such event, the Trust
      Administrator will request the principal London office of each of the Reference
      Banks to provide a quotation of its rate.  If on such Interest
      Determination Date, two or more Reference Banks provide such offered quotations,
      One-Month LIBOR for the related Interest Accrual Period shall be the arithmetic
      mean of such offered quotations (rounded upwards if necessary to the nearest
      whole multiple of 1/16%).  If on such Interest Determination Date,
      fewer than two Reference Banks provide such offered quotations, One-Month LIBOR
      for the related Interest Accrual Period shall be the higher of (i) LIBOR as
      determined on the previous Interest Determination Date and (ii) the Reserve
      Interest Rate.  Notwithstanding the foregoing, if, under the
      priorities described above, LIBOR for an Interest Determination Date would
      be
      based on LIBOR for the previous Interest Determination Date for the third
      consecutive Interest Determination Date, the Trust Administrator, after
      consultation with the Depositor, shall select an alternative comparable index
      (over which the Trust Administrator has no control), used for determining
      one-month Eurodollar lending rates that is calculated and published (or
      otherwise made available) by an independent party.

     

    “Opinion
      of Counsel”: A written opinion of counsel, who may, without limitation, be
      salaried counsel for the Depositor, the Servicer, the Backup Servicer, the
      Master Servicer or the Trust Administrator acceptable to the Trustee, if such
      opinion is delivered to the Trustee, or reasonably acceptable to the Trust
      Administrator, if such opinion is delivered to the Trust Administrator, except
      that any opinion of counsel relating to (a) the qualification of any Trust
      REMIC
      as a REMIC or (b) compliance with the REMIC Provisions must be an opinion of
      Independent counsel.

     

    “Optional
      Termination Date”: The Distribution Date following the Distribution Date on
      which the aggregate Stated Principal Balance of the Mortgage Loans and each
      REO
      Property remaining in the Trust Fund is less than 10% of the aggregate Stated
      Principal Balance of the Mortgage Loans as of the Cut-off Date.

     

    “Original
      Mortgage Loan”: Any Mortgage Loans included in the Trust Fund as of the Closing
      Date.

     

    “Originator”:    Each
      of Argent Mortgage Company, L.L.C. and Ameriquest Mortgage Company.

     

    “Overcollateralization
      Deficiency Amount”:  With respect to any Distribution Date, the
      excess, if any, of (a) the Overcollateralization Target Amount applicable to
      such Distribution Date over (b) the Overcollateralized Amount applicable to
      such
      Distribution Date (calculated for this purpose only after assuming that 100%
      of
      the Principal Remittance Amount on such Distribution Date has been
      distributed).

     

    “Overcollateralization
      Increase Amount”:  With respect to any Distribution Date, the lesser
      of (a) the sum of (i) the Net Monthly Excess Cashflow for such Distribution
      Date
      and (ii) any amounts received under the Interest Rate Cap Agreement or the
      Interest Rate Swap Agreement for this purpose and (b) the Overcollateralization
      Deficiency Amount for such Distribution Date (calculated for this purpose only
      after assuming that 100% of the Principal Remittance Amount on such Distribution
      Date has been distributed).

     

    “Overcollateralization
      Reduction Amount”: With respect to any Distribution Date, an amount equal to the
      lesser of (a) the Principal Remittance Amount for such Distribution Date and
      (b)
      the Excess Overcollateralized Amount.

     

    “Overcollateralization
      Target Amount”: With respect to any Distribution Date, (i) prior to the Stepdown
      Date, an amount equal to 5.30% of the aggregate outstanding Stated Principal
      Balance of the Mortgage Loans as of the Cut-off Date, (ii) on or after the
      Stepdown Date provided a Trigger Event is not in effect, the greater of (x)
      10.60% of the then current aggregate outstanding Stated Principal Balance of
      the
      Mortgage Loans as of the last day of the related Due Period and (y) 0.50% of
      the
      aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off
      Date,
      or (iii) on or after the Stepdown Date and if a Trigger Event is in effect,
      the
      Overcollateralization Target Amount for the immediately preceding Distribution
      Date. Notwithstanding the foregoing, on and after any Distribution Date
      following the reduction of the aggregate Certificate Principal Balance of the
      Floating Rate Certificates to zero, the Overcollateralization Target Amount
      shall be zero.

     

    “Overcollateralized
      Amount”:  With respect to any Distribution Date, the excess, if any,
      of (a) the aggregate Stated Principal Balance of the Mortgage Loans and REO
      Properties as of the last day of the related Due Period (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 (b) the sum of the aggregate Certificate
      Principal Balance of the Floating Rate Certificates and the Class P Certificates
      after giving effect to distributions to be made on such Distribution
      Date.

     

    “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 the Floating Rate Certificates and any Distribution Date,
      the lesser of (x) the related Formula Rate for such Distribution Date and (y)
      the related Net WAC Pass-Through Rate for such Distribution Date.

     

    With
      respect to the Class CE-1 Interest and any Distribution Date, a per annum rate
      equal to the percentage equivalent of a fraction, the numerator of which is
      (x)
      the sum of (i) 100% of the interest on REMIC II Regular Interest LTP and (ii)
      interest on the Uncertificated Principal Balance of each REMIC II Regular
      Interest listed in clause (y) below at a rate equal to the related REMIC II
      Remittance Rate minus the Marker Rate and the denominator of which is (y) the
      aggregate Uncertificated Balance of REMIC II Regular Interest LTAA, REMIC II
      Regular Interest LTA1, REMIC II Regular Interest LTA2A, REMIC II Regular
      Interest LTA2B, REMIC II Regular Interest LTA2C, REMIC II Regular Interest
      LTA2D, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2, REMIC
      II
      Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular Interest
      LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7, REMIC
      II
      Regular Interest LTM8, REMIC II Regular Interest LTM9, REMIC II Regular Interest
      LTM10, REMIC II Regular Interest LTM11 and REMIC II Regular Interest
      LTZZ.

     

    With
      respect to the Class CE-1 Certificates, 100% of the interest distributable
      to
      the Class CE-1 Interest, expressed as a per annum rate. With respect to the
      Class CE-2 Certificates and any Distribution Date, an amount equal to 100%
      of
      the amounts distributed on the Class CE-2 Interest.

     

    The
      Class
      IO Interest shall not have a Pass-Through Rate, but interest for such Regular
      Interest and any Distribution Date shall be an amount equal to 100% of the
      amounts distributable to REMIC II Regular Interest LTIO.

     

    The
      REMIC
      VI Regular Interest SWAP IO Interest shall not have a Pass-Through Rate, but
      interest for such Regular Interest and each Distribution Date shall be an amount
      equal to 100% of the amounts distributable to the Class IO Interest for such
      Distribution Date.

     

    “Percentage
      Interest”: With respect to any Class of Certificates (other than the Residual
      Certificates), the portion of the respective Class evidenced by such
      Certificate, expressed as a percentage, the numerator of which is the initial
      Certificate Principal Balance or Notional Amount represented by such
      Certificate, and the denominator of which is the initial aggregate Certificate
      Principal Balance or Notional Amount of all of the Certificates of such Class.
      The Floating Rate Certificates are issuable only in minimum Percentage Interests
      corresponding to minimum initial Certificate Principal Balances of $25,000
      and
      integral multiples of $1.00 in excess thereof. The Class P Certificates are
      issuable only in Percentage Interests corresponding to initial Certificate
      Principal Balances of $20 and integral multiples thereof. The Class CE-1
      Certificates and the Class CE-2 Certificates are issuable only in minimum
      Percentage Interests corresponding to minimum initial Certificate Principal
      Balances of $100,000 and integral multiples of $1.00 in excess thereof;
      provided, however, that a single Certificate of each such Class of Certificates
      may be issued having a Percentage Interest corresponding to the remainder of
      the
      aggregate initial Certificate Principal Balance or Notional Amount of such
      Class
      or to an otherwise authorized denomination for such Class plus such remainder.
      With respect to any Residual Certificate, the undivided percentage ownership
      in
      such Class evidenced by such Certificate, as set forth on the face of such
      Certificate. The Residual Certificates are issuable in Percentage Interests
      of
      20% and multiples thereof.

     

    “Periodic
      Rate Cap”: With respect to each Adjustable-Rate Mortgage Loan and any Adjustment
      Date therefor, the fixed percentage set forth in the related Mortgage Note,
      which is the maximum amount by which the Mortgage Rate for such Mortgage Loan
      may increase or decrease (without regard to the Maximum Mortgage Rate or the
      Minimum Mortgage Rate) on such Adjustment Date from the Mortgage Rate in effect
      immediately prior to such Adjustment Date.

     

    “Permitted
      Investments”: Any one or more of the following obligations or securities
      acquired at a purchase price of not greater than par, regardless of whether
      issued or managed by the Depositor, the Servicer, the Master Servicer, the
      Trustee, the Trust Administrator or any of their respective
      Affiliates:

     

    (i)  direct
      obligations of, or obligations fully guaranteed as to timely payment of
      principal and interest by, the United States or any agency or instrumentality
      thereof, provided such obligations are backed by the full faith and credit
      of
      the United States;

     

    (ii)  demand
      and time deposits in, certificates of deposit of, or 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 and issued by, any Depository Institution;

     

    (iii)  repurchase
      obligations with respect to any security described in clause (i) above entered
      into with a Depository Institution (acting as principal);

     

    (iv)  securities
      bearing interest or sold at a discount that are issued by any corporation
      incorporated under the laws of the United States of America or any state thereof
      and that are rated by the Rating Agencies in its highest long-term unsecured
      rating category at the time of such investment or contractual commitment
      providing for such investment;

     

    (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 30 days after the date of acquisition thereof) that is rated by the Rating
      Agencies that rate such securities in its highest short-term unsecured debt
      rating available at the time of such investment;

     

    (vi)  units
      of
      money market funds, including money market funds affiliated with the Trustee,
      the Trust Administrator or an Affiliate of either of them, that have been rated
      “AAA” by S&P and “Aaa” by Moody’s; and

     

    (vii)  if
      previously confirmed in writing to the Servicer, the Trustee and the Trust
      Administrator, any other demand, money market or time deposit, or any other
      obligation, security or investment, as may be acceptable to the Rating Agencies
      as a permitted investment of funds backing securities having ratings equivalent
      to its highest initial rating of the Class A Certificates;

     

    provided,
      however, that no instrument described hereunder shall evidence either the right
      to receive (a) only interest with respect to the obligations underlying such
      instrument or (b) both principal and interest payments derived from obligations
      underlying such instrument and the interest and principal payments with respect
      to such instrument provide a yield to maturity at par greater than 120% of
      the
      yield to maturity at par of the underlying obligations.

     

    “Permitted
      Transferee”: Any Transferee of a Residual Certificate other than a Disqualified
      Organization or Non-United States Person.

     

    “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.

     

    “P&I
      Advance”: As to any Mortgage Loan or REO Property, any advance made by the
      Servicer in respect of any Distribution Date pursuant to Section 4.03 or by
      the
      Backup Servicer (in its capacity as successor servicer) or any other successor
      servicer pursuant to Section 4.03.

     

    “Plan”:
      Any employee benefit plan or certain other retirement plans and arrangements,
      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 are subject
      to
      ERISA or Section 4975 of the Code.

     

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

     

    “Prepayment
      Charge”: With respect to any Prepayment Period, any prepayment premium, fee or
      charge payable by a Mortgagor in connection with any voluntary Principal
      Prepayment in full on a Mortgage Loan pursuant to the terms of the related
      Mortgage Note (other than any Servicer Prepayment Charge Payment
      Amount).

     

    “Prepayment
      Charge Schedule”:  As of any date, the list of Prepayment Charges
      included in the Trust Fund on such date (provided by the Depositor), attached
      hereto as Schedule 2 (including the prepayment charge summary attached
      thereto).  The Prepayment Charge Schedule shall set forth the
      following information with respect to each Prepayment Charge:

     

    (i)  the
      Mortgage Loan identifying number;

     

    (ii)  a
      code
      indicating the type of Prepayment Charge;

     

    (iii)  the
      date
      on which the first Monthly Payment was due on the related Mortgage
      Loan;

     

    (iv)  the
      term
      of the related Prepayment Charge;

     

    (v)  the
      original Stated Principal Balance of the related Mortgage Loan; and

     

    (vi)  the
      Stated Principal Balance of the related Mortgage Loan as of the Cut-off
      Date.

     

    “Prepayment
      Interest Excess”: With respect to any Distribution Date, for each Mortgage Loan
      that was the subject of a Principal Prepayment in full during the portion of
      the
      related Prepayment Period commencing on the first day of the calendar month
      in
      which the Distribution Date occurs and ending at the end of the related
      Prepayment Period, an amount equal to interest (to the extent received) at
      the
      applicable Mortgage Rate on the amount of such Principal Prepayment for the
      number of days commencing on the first day of the calendar month in which such
      Distribution Date occurs and ending on the last date through which interest
      is
      collected from the related Mortgagor.  The Servicer may withdraw such
      Prepayment Interest Excess from the Collection Account.

     

    “Prepayment
      Interest Shortfall”: With respect to any Distribution Date, for each Mortgage
      Loan that was during the related Prepayment Period the subject of a voluntary
      Principal Prepayment occurring between the first day of the related Prepayment
      Period and the last day of the calendar month preceding the calendar month
      in
      which such Distribution Date occurs, an amount equal to interest at the
      applicable Mortgage Loan Remittance Rate on the amount of such Principal
      Prepayment for the number of days commencing on the date on which the prepayment
      is applied and ending on the last day of the calendar month preceding the
      calendar month in which such Distribution Date occurs. The obligations of the
      Servicer in respect of any Prepayment Interest Shortfall are set forth in
      Section 3.24.

     

    “Prepayment
      Period”:  With respect to any Distribution Date, the period commencing
      on the 16th day
      of the month preceding the month in which such Distribution Date occurs (or
      in
      the case of the first Distribution Date, commencing on June 1, 2007) and ending
      on the 15th day
      of the calendar month in which such Distribution Date occurs.

     

    “Prime
      Rate”: The lesser of (i) the per annum rate of interest, publicly announced from
      time to time by Chase Manhattan Bank at its principal office in the City of
      New
      York, as its prime or base lending rate (any change in such rate of interest
      to
      be effective on the date such change is announced by Chase Manhattan Bank)
      and
      (ii) the maximum rate permissible under applicable usury or similar laws
      limiting interest rates.

     

    “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 the full amount of scheduled
      interest due on any Due Date in any month or months subsequent to the month
      of
      prepayment.

     

    “Principal
      Remittance Amount”: With respect to any Distribution Date, the sum of (i) the
      Group I Principal Remittance Amount and (ii) the Group II Principal Remittance
      Amount.

     

    “Private
      Certificates”:  Any of the Class A-1, Class CE-1, Class CE-2, Class P
      or Residual Certificates.

     

    “Prospectus
      Supplement”: The Prospectus Supplement, dated June [___], 2007, relating to the
      public offering of the Floating Rate Certificates (other than the Class A-1
      Certificates).

     

    “Purchase
      Price”: With respect to any Mortgage Loan or REO Property to be purchased
      pursuant to or as contemplated by Section 2.03 or Section 9.01, and as confirmed
      by an Officers’ Certificate from the party purchasing the Mortgage Loan to the
      Trustee and the Trust Administrator, an amount equal to the sum of: (i) 100%
      of
      the Stated Principal Balance thereof as of the date of purchase (or such other
      price as provided in Section 9.01), (ii) in the case of (x) a Mortgage Loan,
      accrued interest on such Stated Principal Balance at the applicable Mortgage
      Loan Remittance Rate in effect from time to time from the Due Date as to which
      interest was last covered by a payment by the Mortgagor or an advance by the
      Servicer, which payment or advance had as of the date of purchase been
      distributed pursuant to Section 4.01, through the end of the calendar month
      in
      which the purchase is to be effected, and (y) an REO Property, the sum of (1)
      accrued interest on such Stated Principal Balance at the applicable Mortgage
      Loan Remittance Rate in effect from time to time from the Due Date as to which
      interest was last covered by a payment by the Mortgagor or an advance by the
      Servicer through the end of the calendar month immediately preceding the
      calendar month in which such REO Property was acquired, plus (2) REO Imputed
      Interest for such REO Property for each calendar month commencing with the
      calendar month in which such REO Property was acquired and ending with the
      calendar month in which such purchase is to be effected, minus the total of
      all
      net rental income, Insurance Proceeds, Liquidation Proceeds and P&I Advances
      that as of the date of purchase had been distributed as or to cover REO Imputed
      Interest pursuant to Section 4.01; (iii) any unreimbursed Servicing Advances
      and
      P&I Advances and any unpaid Servicing Fees allocable to such Mortgage Loan
      or REO Property; (iv) any amounts previously withdrawn from the Collection
      Account in respect of such Mortgage Loan or REO Property pursuant to Sections
      3.11(a)(ix) and Section 3.16(b); and (v) in the case of a Mortgage Loan required
      to be purchased pursuant to Section 2.03, expenses incurred or to be incurred
      by
      the Trust Fund in respect of the breach or defect giving rise to the purchase
      obligation including any costs and damages incurred by the Trust Fund in
      connection with any violation of any predatory or abusive lending law with
      respect to the related Mortgage Loan.

     

    “Qualified
      Bidder”:  With respect to any auction pursuant to Section 9.03, any
      institution that is a regular purchaser and/or seller in the secondary market
      of
      residential mortgage loans as determined by the Trust Administrator (or any
      advisor on its behalf), in its sole discretion, or any holder of an interest
      in
      the Class CE-1 Certificates.

     

    “Qualified
      Insurer”: Any insurer which meets the requirements of Fannie Mae and Freddie
      Mac.

     

    “Qualified
      Substitute Mortgage Loan”: A mortgage loan substituted for a Deleted Mortgage
      Loan pursuant to the terms of this Agreement which must, on the date of such
      substitution, (i) have an outstanding principal balance, after application
      of
      all scheduled payments of principal and interest due during or prior to the
      month of substitution, not in excess of the Scheduled Principal Balance of
      the
      Deleted Mortgage Loan as of the Due Date in the calendar month during which
      the
      substitution occurs, (ii) have a Mortgage Rate not less than (and not more
      than
      one percentage point in excess of) the Mortgage Rate of the Deleted Mortgage
      Loan, (iii) [reserved], (iv) have a remaining term to maturity not greater
      than
      (and not more than one year less than) that of the Deleted Mortgage Loan, (v)
      have the same Due Date as the Due Date on the Deleted Mortgage Loan, (vi) have
      a
      Loan-to-Value Ratio as of the date of substitution equal to or lower than the
      Loan-to-Value Ratio of the Deleted Mortgage Loan as of such date, and (vii)
      conform to each representation and warranty set forth in the Mortgage Loan
      Purchase Agreement applicable to the Deleted Mortgage Loan. In the event that
      one or more mortgage loans are substituted for one or more Deleted Mortgage
      Loans, the amounts described in clause (i) hereof shall be determined on the
      basis of aggregate principal balances, the Mortgage Rates described in clause
      (ii) hereof shall be determined on the basis of weighted average Mortgage Rates,
      the terms described in clause (iv) shall be determined on the basis of weighted
      average remaining terms to maturity, the Loan-to-Value Ratios described in
      clause (vi) hereof shall be satisfied as to each such mortgage loan and, except
      to the extent otherwise provided in this sentence, the representations and
      warranties described in clause (vii) hereof must be satisfied as to each
      Qualified Substitute Mortgage Loan or in the aggregate, as the case may
      be.

     

    “Rate/Term
      Refinancing”: A Refinanced Mortgage Loan, the proceeds of which are not in
      excess of the existing first mortgage loan on the related Mortgaged Property
      and
      related closing costs, and were used exclusively to satisfy the then existing
      first mortgage loan of the Mortgagor on the related Mortgaged Property and
      to
      pay related closing costs.

     

    “Rating
      Agencies”: S&P and Moody’s or their successors.  If such agencies
      or their successors are no longer in existence, the “Rating Agencies” shall be
      such nationally recognized statistical rating agencies, or other comparable
      Persons, designated by the Depositor, written notice of which designation shall
      be given to the Trustee, the Trust Administrator, the Master Servicer and the
      Servicer.

     

    “Realized
      Loss”: With respect to each Mortgage Loan as to which a Final Recovery
      Determination has been made, an amount (not less than zero) equal to (i) the
      unpaid principal balance of such Mortgage Loan as of the commencement of the
      calendar month in which the Final Recovery Determination was made, plus (ii)
      accrued interest from the Due Date as to which interest was last paid by the
      Mortgagor through the end of the calendar month in which such Final Recovery
      Determination was made, calculated in the case of each calendar month during
      such period (A) at an annual rate equal to the annual rate at which interest
      was
      then accruing on such Mortgage Loan and (B) on a principal amount equal to
      the
      Stated Principal Balance of such Mortgage Loan as of the close of business
      on
      the Distribution Date during such calendar month, plus (iii) any amounts
      previously withdrawn from the Collection Account in respect of such Mortgage
      Loan pursuant to Section 3.11(a)(ix) and Section 3.16(b), minus (iv) the
      proceeds, if any, received in respect of such Mortgage Loan prior to the date
      such Final Recovery Determination was made, net of amounts that are payable
      therefrom to the Servicer with respect to such Mortgage Loan pursuant to Section
      3.11(a)(iii).

     

    With
      respect to any REO Property as to which a Final Recovery Determination has
      been
      made an amount (not less than zero) equal to (i) the unpaid principal balance
      of
      the related Mortgage Loan as of the date of acquisition of such REO Property
      on
      behalf of any REMIC, plus (ii) accrued interest from the Due Date as to which
      interest was last paid by the Mortgagor in respect of the related Mortgage
      Loan
      through the end of the calendar month immediately preceding the calendar month
      in which such REO Property was acquired, calculated in the case of each calendar
      month during such period (A) at an annual rate equal to the annual rate at
      which
      interest was then accruing on the related Mortgage Loan and (B) on a principal
      amount equal to the Stated Principal Balance of the related Mortgage Loan as
      of
      the close of business on the Distribution Date during such calendar month,
      plus
      (iii) REO Imputed Interest for such REO Property for each calendar month
      commencing with the calendar month in which such REO Property was acquired
      and
      ending with the calendar month that occurs during the Prepayment Period in
      which
      such Final Recovery Determination was made, plus (iv) any amounts previously
      withdrawn from the Collection Account in respect of the related Mortgage Loan
      pursuant to Section 3.11(a)(ix) and Section 3.16(b), minus (v) the aggregate
      of
      all Servicing Advances made by the Servicer in respect of such REO Property
      or
      the related Mortgage Loan (without duplication of amounts netted out of the
      rental income, Insurance Proceeds and Liquidation Proceeds described in clause
      (vi) below) and any unpaid Servicing Fees for which the Servicer has been or,
      in
      connection with such Final Recovery Determination, will be reimbursed pursuant
      to Section 3.11(a)(iii) or Section 3.23 out of rental income, Insurance Proceeds
      and Liquidation Proceeds received in respect of such REO Property, minus (vi)
      the total of all net rental income, Insurance Proceeds and Liquidation Proceeds
      received in respect of such REO Property that has been, or in connection with
      such Final Recovery Determination, will be transferred to the Distribution
      Account pursuant to Section 3.23.

     

    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.

     

    With
      respect to each Mortgage Loan which has become the subject of a Debt Service
      Reduction, the portion, if any, of the reduction in each affected Monthly
      Payment attributable to a reduction in the Mortgage Rate imposed by a court
      of
      competent jurisdiction. Each such Realized Loss shall be deemed to have been
      incurred on the Due Date for each affected Monthly Payment.

     

    “Record
      Date”: With respect to each Distribution Date and any Floating Rate Certificate
      so long as such Floating Rate Certificate is a Book-Entry Certificate, the
      Business Day immediately preceding such Distribution Date. With respect to
      each
      Distribution Date and any other Certificates, including any Definitive
      Certificates, the last Business Day of the month immediately preceding the
      month
      in which such Distribution Date occurs.

     

    “Refinanced
      Mortgage Loan”: A Mortgage Loan the proceeds of which were not used to purchase
      the related Mortgaged Property.

     

    “Regular
      Certificate”: Any Floating Rate Certificate, Class CE-1 Certificate, Class CE-2
      Certificate or Class P Certificate.

     

    “Regular
      Interest”: A “regular interest” in a REMIC within the meaning of Section
      860G(a)(1) of the Code.

     

    “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 - 1,631 (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.

     

    “Relevant
      Servicing Criteria”:  The Servicing Criteria applicable to the various
      parties, as set forth on Exhibit C attached hereto.  For clarification
      purposes, multiple parties can have responsibility for the same Relevant
      Servicing Criteria.  To the extent that the Backup Servicer becomes
      the successor servicer, Relevant Servicing Criteria shall have the meaning
      set
      forth under “servicing criteria” in the Addendum Regulation AB.

     

     “Relief
      Act”: The Servicemembers Civil Relief Act, or any state law providing for
      similar relief.

     

    “Relief
      Act Interest Shortfall”: With respect to any Distribution Date and any Mortgage
      Loan, any reduction in the amount of interest collectible on such Mortgage
      Loan
      for the most recently ended calendar month as a result of the application of
      the
      Relief Act.

     

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

     

    “REMIC
      I”: The segregated pool of assets subject hereto, constituting the primary trust
      created hereby and to be administered hereunder, with respect to which a REMIC
      election is to be made, consisting of: (i) such Mortgage Loans and Prepayment
      Charges related thereto as from time to time are subject to this Agreement,
      together with the Mortgage Files relating thereto, and together with all
      collections thereon and proceeds thereof; (ii) any REO Property, together with
      all collections thereon and proceeds thereof; (iii) the Trustee’s rights with
      respect to the Mortgage Loans under all insurance policies required to be
      maintained pursuant to this Agreement and any proceeds thereof; (iv) the
      Depositor’s rights under the Mortgage Loan Purchase Agreement (including any
      security interest created thereby); and (v) the Collection Account (other than
      any amounts representing the Servicer Prepayment Charge Payment Amount), the
      Distribution Account (other than any amounts representing the Servicer
      Prepayment Charge Payment Amount) and any REO Account, and such assets that
      are
      deposited therein from time to time and any investments thereof, together with
      any and all income, proceeds and payments with respect thereto. Notwithstanding
      the foregoing, however, REMIC I specifically excludes all payments and other
      collections of principal and interest due on the Mortgage Loans on or before
      the
      Cut-off Date, all Prepayment Charges payable in connection with Principal
      Prepayments on the Mortgage Loans made before the Cut-off Date, the Net WAC
      Rate
      Carryover Reserve Account, the Interest Rate Cap Agreement, the Cap
      Administration Agreement, the Cap Account, the Interest Rate Swap Agreement,
      the
      Swap Account, the Supplemental Interest Trust and Servicer Prepayment Charge
      Payment Amounts.

     

    “REMIC
      I
      Group I Regular Interests”: REMIC I Regular Interest I and REMIC I Regular
      Interest I-1-A through REMIC I Regular Interest I-46-B as designated in the
      Preliminary Statement hereto.

     

    “REMIC
      I
      Group II Regular Interests”:  REMIC I Regular Interest II and REMIC I
      Regular Interest II-1-A through REMIC II Regular Interest II-46-B as designated
      in the Preliminary Statement hereto.

     

    “REMIC
      I
      Regular Interest”:  Any of the separate non-certificated beneficial
      ownership interests in REMIC I issued hereunder and designated as a “regular
      interest” in REMIC I. Each REMIC I Regular Interest shall accrue interest at the
      related REMIC I Remittance 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 Balance
      as
      set forth in the Preliminary Statement hereto.

     

    “REMIC
      I
      Remittance Rate”: With respect to REMIC I Regular Interest I, a per annum rate
      equal to the weighted average of the Expense Adjusted Mortgage Rate of the
      Group
      I Mortgage Loans. With respect to each REMIC I Group I Regular Interest ending
      with the designation “A”, a per annum rate equal to the weighted average of the
      Expense Adjusted Mortgage Rate of the Group I Mortgage Loans multiplied by
      2,
      subject to a maximum rate of 10.654%. With respect to each REMIC I Group I
      Regular Interest ending with the designation “B”, the greater of (x) a per annum
      rate equal to the excess, if any, of (i) 2 multiplied by the weighted average
      of
      the Expense Adjusted Mortgage Rate of the Group I Mortgage Loans over (ii)
      10.654% and (y) 0.00%.

     

    With
      respect to REMIC I Regular Interest II, a per annum rate equal to the weighted
      average of the Expense Adjusted Mortgage Rate of the Group II Mortgage Loans.
      With respect to each REMIC I Group II Regular Interest ending with the
      designation “A”, a per annum rate equal to the weighted average of the Expense
      Adjusted Mortgage Rate of the Group II Mortgage Loans multiplied by 2, subject
      to a maximum rate of 10.654%. With respect to each REMIC I Group II Regular
      Interest ending with the designation “B”, the greater of (x) a per annum rate
      equal to the excess, if any, of (i) 2 multiplied by the weighted average of
      the
      Expense Adjusted Mortgage Rate of the Group II Mortgage Loans over (ii) 10.654%
      and (y) 0.00%.

     

    “REMIC
      II”: The segregated pool of assets consisting of all of the REMIC I Regular
      Interests conveyed in trust to the Trustee, for the benefit of the REMIC II
      Regular Interests pursuant to Section 2.07, and all amounts deposited therein,
      with respect to which a separate REMIC election is to be made.

     

    “REMIC
      II
      Interest Loss Allocation Amount”: With respect to any Distribution Date, an
      amount equal to (a) the product of (i) the aggregate Stated Principal Balance
      of
      the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC II
      Remittance Rate for REMIC II Regular Interest LTAA minus the Marker Rate,
      divided by (b) 12.

     

    “REMIC
      II
      Marker Allocation Percentage”: 50% of any amount payable or loss attributable
      from the Mortgage Loans, which shall be allocated to REMIC II Regular Interest
      LTAA, REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2A, REMIC
      II
      Regular Interest LTA2B, REMIC II Regular Interest LTA2C, REMIC II Regular
      Interest LTA2D, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2,
      REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular
      Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7,
      REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9, REMIC II Regular
      Interest LTM10, REMIC II Regular Interest LTM11, REMIC II Regular Interest
      LTZZ
      and REMIC II Regular Interest LTP.

     

    “REMIC
      II
      Overcollateralized Amount”: With respect to any date of determination, (i) 0.50%
      of the aggregate Uncertificated Balance of the REMIC II Regular Interests (other
      than REMIC II Regular Interest LTP) minus (ii) the aggregate Uncertificated
      Balance of REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2A,
      REMIC II Regular Interest LTA2B, REMIC II Regular Interest LTA2C, REMIC II
      Regular Interest LTA2D, REMIC II Regular Interest LTM1, REMIC II Regular
      Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4,
      REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular
      Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9,
      REMIC II Regular Interest LTM10 and REMIC II Regular Interest LTM11, in each
      case as of such date of determination.

     

    “REMIC
      II
      Principal Loss Allocation Amount”: With respect to any Distribution Date, an
      amount equal to the product of (i) 50% of the aggregate Stated Principal Balance
      of the Mortgage Loans and REO Properties then outstanding and (ii) 1 minus
      a
      fraction, the numerator of which is two times the aggregate Uncertificated
      Balance of REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2A,
      REMIC II Regular Interest LTA2B, REMIC II Regular Interest LTA2C, REMIC II
      Regular Interest LTA2D, REMIC II Regular Interest LTM1, REMIC II Regular
      Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4,
      REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular
      Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9,
      REMIC II Regular Interest LTM10 and REMIC II Regular Interest LTM11,
      and  the denominator of which  is the aggregate
      Uncertificated Balance of REMIC II Regular Interest LTA1, REMIC II Regular
      Interest LTA2A, REMIC II Regular Interest LTA2B, REMIC II Regular Interest
      LTA2C, REMIC II Regular Interest LTA2D, REMIC II Regular Interest LTM1, REMIC
      II
      Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest
      LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC
      II
      Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest
      LTM9, REMIC II Regular Interest LTM10, REMIC II Regular Interest LTM11 and
      REMIC
      II Regular Interest LTZZ.

     

     “REMIC
      II Regular Interest”: Any of the separate non-certificated beneficial ownership
      interests in REMIC II issued hereunder and designated as a “regular interest” in
      REMIC II.  Each REMIC II Regular Interest shall accrue interest at the
      related REMIC II Remittance Rate in effect from time to time or shall otherwise
      be entitled to interest as set forth herein, and shall be entitled to
      distributions of principal, subject to the terms and conditions hereof, in
      an
      aggregate amount equal to its initial Uncertificated Balance as set forth in
      the
      Preliminary Statement hereto. The REMIC II Regular Interests are set forth
      in
      the Preliminary Statement hereto.

     

    “REMIC
      II
      Remittance Rate”:   With respect to REMIC II Regular Interest
      LTAA, REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2A, REMIC
      II
      Regular Interest LTA2B, REMIC II Regular Interest LTA2C, REMIC II Regular
      Interest LTA2D, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2,
      REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular
      Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7,
      REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9, REMIC II Regular
      Interest LTM10, REMIC II Regular Interest LTM11, REMIC II Regular Interest
      LTZZ,
      REMIC II Regular Interest LTP, REMIC II Regular Interest LT1SUB, REMIC II
      Regular Interest LT2SUB and REMIC II Regular Interest LTXX, a per annum rate
      (but not less than zero) equal to the weighted average of: (w) with respect
      to
      REMIC I Regular Interest I and REMIC I Regular Interest II, the REMIC I
      Remittance Rate for each such REMIC I Regular Interest for each such
      Distribution Date, (x) with respect to each REMIC I Regular Interest ending
      with
      the designation “B”, the weighted average of the REMIC I Remittance Rates for
      such REMIC I Regular Interests, weighted on the basis of the Uncertificated
      Balances of such REMIC I Regular Interests for each such Distribution Date
      and
      (y) with respect to REMIC I Regular Interests ending with the designation “A”,
      for each Distribution Date listed below, the weighted average of the rates
      listed below for each such REMIC I Regular Interest listed below, weighted
      on
      the basis of the Uncertificated Balances of each such REMIC I Regular Interest
      for each such Distribution Date:

     

    
      	
              
                Distribution
                  Date

              

            	
              
                REMIC
                  I Regular Interest

              

            	
              
                Rate

              

            
	
              1st
                through
                12th

            	
              I-1-A
                through I-46-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-46-A

            	
              REMIC
                I Remittance Rate

            
	
              13

            	
              I-1-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	
              14

            	
              I-2-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-2-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate REMIC I Remittance
                Rate

            
	 	
              I-1-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A

            	
              REMIC
                I Remittance Rate

            
	
              15

            	
              I-3-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-3-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                and I-2-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                and II-2-A

            	
              REMIC
                I Remittance Rate

            
	
              16

            	
              I-4-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-4-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-3-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-3-A

            	
              REMIC
                I Remittance Rate

            
	
              17

            	
              I-5-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-5-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-4-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-4-A

            	
              REMIC
                I Remittance Rate

            
	
              18

            	
              I-6-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-6-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-5-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-5-A

            	
              REMIC
                I Remittance Rate

            
	
              19

            	
              I-7-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-7-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-6-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-6-A

            	
              REMIC
                I Remittance Rate

            
	
              20

            	
              I-8-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-8-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-7-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-7-A

            	
              REMIC
                I Remittance Rate

            
	
              21

            	
              I-9-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-9-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-8-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-8-A

            	
              REMIC
                I Remittance Rate

            
	
              22

            	
              I-10-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-10-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-9-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-9-A

            	
              REMIC
                I Remittance Rate

            
	
              23

            	
              I-11-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-11-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-10-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-10-A

            	
              REMIC
                I Remittance Rate

            
	
              24

            	
              I-12-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-12-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-11-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-11-A

            	
              REMIC
                I Remittance Rate

            
	
              25

            	
              I-13-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-13-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-12-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-12-A

            	
              REMIC
                I Remittance Rate

            
	
              26

            	
              I-14-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-14-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-13-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-13-A

            	
              REMIC
                I Remittance Rate

            
	
              27

            	
              I-15-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-15-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-14-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-14-A

            	
              REMIC
                I Remittance Rate

            
	
              28

            	
              I-16-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-16-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-15-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-15-A

            	
              REMIC
                I Remittance Rate

            
	
              29

            	
              I-17-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-17-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-16-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-16-A

            	
              REMIC
                I Remittance Rate

            
	
              30

            	
              I-18-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-18-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-17-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-17-A

            	
              REMIC
                I Remittance Rate

            
	
              31

            	
              I-19-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-19-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-18-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-18-A

            	
              REMIC
                I Remittance Rate

            
	
              32

            	
              I-20-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-20-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-19-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-19-A

            	
              REMIC
                I Remittance Rate

            
	
              33rd
                through
                36th

            	
              I-21-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-21-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-20-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-20-A

            	
              REMIC
                I Remittance Rate

            
	
              37

            	
              I-22-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-22-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-21-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-21-A

            	
              REMIC
                I Remittance Rate

            
	
              38

            	
              I-23-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-23-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-22-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-22-A

            	
              REMIC
                I Remittance Rate

            
	
              39

            	
              I-24-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-24-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-23-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-23-A

            	
              REMIC
                I Remittance Rate

            
	
              40

            	
              I-25-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-25-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-24-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-24-A

            	
              REMIC
                I Remittance Rate

            
	
              41

            	
              I-26-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-26-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-25-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-25-A

            	
              REMIC
                I Remittance Rate

            
	
              42

            	
              I-27-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-27-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-26-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-26-A

            	
              REMIC
                I Remittance Rate

            
	
              43

            	
              I-28-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-28-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-27-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-27-A

            	
              REMIC
                I Remittance Rate

            
	
              44

            	
              I-29-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-29-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-28-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-28-A

            	
              REMIC
                I Remittance Rate

            
	
              45

            	
              I-30-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-30-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-29-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-29-A

            	
              REMIC
                I Remittance Rate

            
	
              46

            	
              I-31-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-31-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-30-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-30-A

            	
              REMIC
                I Remittance Rate

            
	
              47

            	
              I-32-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-32-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-31-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-31-A

            	
              REMIC
                I Remittance Rate

            
	
              48

            	
              I-33-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-33-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-32-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-32-A

            	
              REMIC
                I Remittance Rate

            
	
              49

            	
              I-34-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-34-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-33-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-33-A

            	
              REMIC
                I Remittance Rate

            
	
              50

            	
              I-35-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-35-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-34-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-34-A

            	
              REMIC
                I Remittance Rate

            
	
              51

            	
              I-36-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-36-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-35-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-35-A

            	
              REMIC
                I Remittance Rate

            
	
              52

            	
              I-37-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-37-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-36-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-36-A

            	
              REMIC
                I Remittance Rate

            
	
              51

            	
              I-38-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-38-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-37-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-37-A

            	
              REMIC
                I Remittance Rate

            
	
              51

            	
              I-39-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-39-A
                through  II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-38-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-38-A

            	
              REMIC
                I Remittance Rate

            
	
              55

            	
              I-40-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-40-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-39-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-39-A

            	
              REMIC
                I Remittance Rate

            
	
              56

            	
              I-41-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-41-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-40-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-40-A

            	
              REMIC
                I Remittance Rate

            
	
              57

            	
              I-42-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-42-A
                through II-41-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-41-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-21-A

            	
              REMIC
                I Remittance Rate

            
	
              58

            	
              I-43-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-43-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-42-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-42-A

            	
              REMIC
                I Remittance Rate

            
	
              59

            	
              I-44-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-44-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-43-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-43-A

            	
              REMIC
                I Remittance Rate

            
	
              60

            	
              I-45-A
                and I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-45-A
                and II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-44-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-44-A

            	
              REMIC
                I Remittance Rate

            
	
              61

            	
              I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-45-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-45-A

            	
              REMIC
                I Remittance Rate

            
	
              thereafter

            	
              I-1-A
                through I-46-A

            	
              REMIC
                I Remittance Rate

            
	 	
              II-1-A
                through II-46-A

            	
              REMIC
                I Remittance Rate

            

    

    

    With
      respect to REMIC II Regular Interest LT1GRP, a per annum rate (but not less
      than
      zero) equal to the weighted average of: (w) with respect to REMIC I Regular
      Interest I, the REMIC I Remittance Rate for such REMIC I Regular Interest for
      each such Distribution Date, (x) with respect to REMIC I Group I Regular
      Interests ending with the designation “B”, the weighted average of the REMIC I
      Remittance Rates for such REMIC I Regular Interests, weighted on the basis
      of
      the Uncertificated Balances of each such REMIC I Regular Interest for each
      such
      Distribution Date and (y) with respect to REMIC I Group I Regular Interests
      ending with the designation “A”, for each Distribution Date listed below, the
      weighted average of the rates listed below for such REMIC I Regular Interests
      listed below, weighted on the basis of the Uncertificated Balances of each
      such
      REMIC I Regular Interest for each such Distribution Date:

     

    
      	
              
                Distribution
                  Date

              

            	
              
                REMIC
                  I Regular Interest

              

            	
              
                Rate

              

            
	
              1st
                through
                12th

            	
              I-1-A
                through I-46-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              13

            	
              I-1-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	 	 
	
              14

            	
              I-2-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              15

            	
              I-3-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                and I-2-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              16

            	
              I-4-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-3-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              17

            	
              I-5-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-4-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              18

            	
              I-6-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-5-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              19

            	
              I-7-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-6-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              20

            	
              I-8-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-7-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              21

            	
              I-9-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-8-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              22

            	
              I-10-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-9-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              23

            	
              I-11-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-10-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              24

            	
              I-12-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-11-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              25

            	
              I-13-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-12-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              26

            	
              I-14-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-13-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              27

            	
              I-15-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-14-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              28

            	
              I-16-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-15-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              29

            	
              I-17-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-16-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              30

            	
              I-18-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-17-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              31

            	
              I-19-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-18-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              32

            	
              I-20-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-19-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              33rdthrough
                36th

            	
              I-21-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-20-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              37

            	
              I-22-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-21-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              38

            	
              I-23-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-22-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              39

            	
              I-24-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-23-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              40

            	
              I-25-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-24-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              41

            	
              I-26-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-25-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              42

            	
              I-27-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-26-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              43

            	
              I-28-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-27-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              44

            	
              I-29-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-28-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              45

            	
              I-30-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-29-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              46

            	
              I-31-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-30-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              47

            	
              I-32-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-31-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              48

            	
              I-33-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-32-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              59

            	
              I-34-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-33-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              50

            	
              I-35-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-34-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              51

            	
              I-36-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-35-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              52

            	
              I-37-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-36-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              51

            	
              I-38-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-37-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              51

            	
              I-39-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-38-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              55

            	
              I-40-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-39-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              56

            	
              I-41-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-40-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              57

            	
              I-42-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-41-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              58

            	
              I-43-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-42-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              59

            	
              I-44-A
                through I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-43-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              60

            	
              I-45-A
                and I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-44-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              61

            	
              I-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              I-1-A
                through I-45-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              thereafter

            	
              I-1-A
                through I-46-A

            	
              REMIC
                I Remittance Rate

            

    

    

    With
      respect to REMIC II Regular Interest LT2GRP, a per annum rate (but not less
      than
      zero) equal to the weighted average of: (w) with respect to REMIC I Regular
      Interest II, the REMIC I Remittance Rate for such REMIC I Regular Interest
      for
      each such Distribution Date, (x) with respect to REMIC I Group II Regular
      Interests ending with the designation “B”, the weighted average of the REMIC I
      Remittance Rates for such REMIC I Regular Interests, weighted on the basis
      of
      the Uncertificated Balances of each such REMIC I Regular Interest for each
      such
      Distribution Date and (y) with respect to REMIC I Group II Regular Interests
      ending with the designation “A”, for each Distribution Date listed below, the
      weighted average of the rates listed below for such REMIC I Regular Interests
      listed below, weighted on the basis of the Uncertificated Balances of each
      such
      REMIC I Regular Interest for each such Distribution Date:

     

    
      	
              
                Distribution
                  Date

              

            	
              
                REMIC
                  I Regular Interest

              

            	
              
                Rate

              

            
	
              1st
                through
                12th

            	
              II-1-A
                through II-46-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              13

            	
              II-1-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	 	 
	
              14

            	
              II-2-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              15

            	
              II-3-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                and II-2-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              16

            	
              II-4-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-3-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              17

            	
              II-5-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-4-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              18

            	
              II-6-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-5-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              19

            	
              II-7-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-6-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              20

            	
              II-8-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-7-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              21

            	
              II-9-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-8-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              22

            	
              II-10-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-9-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              23

            	
              II-11-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-10-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              24

            	
              II-12-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-11-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              25

            	
              II-13-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-12-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              26

            	
              II-14-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-13-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              27

            	
              II-15-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-14-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              28

            	
              II-16-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-15-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              29

            	
              II-17-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-16-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              30

            	
              II-18-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-17-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              31

            	
              II-19-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-18-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              32

            	
              II-20-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-19-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              33rdthrough
                36th

            	
              II-21-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-20-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              37

            	
              II-22-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-21-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              38

            	
              II-23-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-22-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              39

            	
              II-24-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-23-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              40

            	
              II-25-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-24-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              41

            	
              II-26-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-25-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              42

            	
              II-27-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-26-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              43

            	
              II-28-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-27-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              44

            	
              II-29-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-28-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              45

            	
              II-30-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-29-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              46

            	
              II-31-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-30-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              47

            	
              II-32-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-31-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              48

            	
              II-33-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-32-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              49

            	
              II-34-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-33-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              50

            	
              II-35-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-34-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              51

            	
              II-36-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-35-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              52

            	
              II-37-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-36-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              53

            	
              II-38-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-37-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              54

            	
              II-39-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-38-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              55

            	
              II-40-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-39-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              56

            	
              II-41-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-40-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              57

            	
              II-42-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-41-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              58

            	
              II-43-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-42-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              59

            	
              II-44-A
                through II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-43-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              60

            	
              II-45-A
                and II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-44-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              61

            	
              II-46-A

            	
              2
                multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
                Rate

            
	 	
              II-1-A
                through II-45-A

            	
              REMIC
                I Remittance Rate

            
	 	 	 
	
              thereafter

            	
              II-1-A
                through II-46-A

            	
              REMIC
                I Remittance Rate

            

    

    

    With
      respect to REMIC II Regular Interest IO, and (i) the 1st Distribution Date
      through the 12th Distribution Date, the excess of (x) the weighted average
      of
      the REMIC I Remittance Rates for REMIC I Regular Interests including the
      designation “A”, over (y) the weighted average of the REMIC I Remittance Rates
      for REMIC I Regular Interests including the designation “A”, (ii) the 13th
      Distribution Date through the 61st Distribution
      Date,
      the excess of (x) the weighted average of the REMIC I Remittance Rates for
      REMIC
      I Regular Interests including the designation “A”, over (y) 2 multiplied by Swap
      LIBOR and (iii) thereafter, 0.00%.  With respect to REMIC II Regular
      Interest CE-2, an amount equal to 100% of the amount distributed on REMIC I
      Regular Interest I-CE-2.

     

     “REMIC
      II Required Overcollateralized Amount”: 0.50% of the Overcollateralization
      Target Amount.

     

    “REMIC
      II
      Sub WAC Allocation Percentage”: 50% of any amount payable from or loss
      attributable to the Mortgage Loans, which shall be allocated to REMIC II Regular
      Interest LT1SUB, REMIC II Regular Interest LT1GRP, REMIC II Regular Interest
      LT2SUB, REMIC II Regular Interest LT2GRP and REMIC II Regular Interest
      LTXX.

     

    “REMIC
      II
      Subordinated Balance Ratio”: The ratio between the Uncertificated Balances of
      each REMIC II Regular Interest ending with the designation “SUB,” equal to the
      ratio between, with respect to each such REMIC II Regular Interest, the excess
      of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the
      related Loan Group over (y) the current aggregate Certificate Principal Balance
      of Class A Certificates in the related Loan Group.

     

    “REMIC
      III”: The segregated pool of assets consisting of all of the REMIC I Regular
      Interests conveyed in trust to the Trustee, for the benefit of the Floating
      Rate
      Certificates, the Class CE-1 Interest, the Class CE-2 Interest, the Class P
      Interest, the Class IO Interest and the Class R-III Interest and all amounts
      deposited therein, with respect to which a separate REMIC election is to be
      made.

     

    “REMIC
      IV”: The segregated pool of assets consisting of all of the Class CE-1 Interest
      conveyed in trust to the Trustee, for the benefit of the Class CE-1
      Certificates, and the Class R-IV Interest and all amounts deposited therein,
      with respect to which a separate REMIC election is to be made.

     

    “REMIC
      V”: The segregated pool of assets consisting of all of the Class CE-2 Interest
      conveyed in trust to the Trustee, for the benefit of the Class CE-2
      Certificates, and the Class R-V Interest and all amounts deposited therein,
      with
      respect to which a separate REMIC election is to be made.

     

    “REMIC
      VI”: The segregated pool of assets consisting of all of the Class P Interest
      conveyed in trust to the Trustee, for the benefit of the Class P Certificates,
      and the Class R-VI Interest and all amounts deposited therein, with respect
      to
      which a separate REMIC election is to be made.

     

    “REMIC
      VII”: The segregated pool of assets consisting of all of the Class IO Interest
      conveyed in trust to the Trustee, for the benefit of REMIC VII Regular Interest
      SWAP IO, and the Class R-VII Interest and all amounts deposited therein, with
      respect to which a separate REMIC election is to be made.

     

    “REMIC
      Provisions”: Provisions of the federal income tax law relating to real estate
      mortgage investment conduits, which appear at Section 860A through 860G 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 Interests”: The REMIC I Regular Interests, the REMIC II Regular
      Interests, the Class CE-1 Interest, the Class CE-2 Interest, the Class P
      Interest and the Class IO Interest.

     

    “Remittance
      Report”: A report in form and substance acceptable to the Trust Administrator
      and the Servicer in an electronic data file or tape prepared by the Servicer
      pursuant to Section 4.03 with such additions, deletions and modifications as
      agreed to by the Trust Administrator and the Servicer.

     

    “Rents
      from Real Property”: With respect to any REO Property, gross income of the
      character described in Section 856(d) of the Code as being included in the
      term
“rents from real property.”

     

    “REO
      Account”: The account or accounts maintained by the Servicer in respect of an
      REO Property pursuant to Section 3.23.

     

    “REO
      Disposition”: The sale or other disposition of an REO Property on behalf of any
      Trust REMIC.

     

    “REO
      Imputed Interest”: As to any REO Property, for any calendar month during which
      such REO Property was at any time part of REMIC I, one month’s interest at the
      applicable Mortgage Loan Remittance Rate on the Stated Principal Balance of
      such
      REO Property (or, in the case of the first such calendar month, of the related
      Mortgage Loan if appropriate) as of the close of business on the Distribution
      Date in such calendar month.

     

    “REO
      Property”: A Mortgaged Property acquired by the Servicer on behalf of the Trust
      Fund through foreclosure or deed-in-lieu of foreclosure, as described in Section
      3.23.

     

    “Request
      for Release”: A release signed by a Servicing Officer, in the form of Exhibit E
      attached hereto.

     

    “Residential
      Dwelling”: Any one of the following: (i) an attached or detached one- family
      dwelling, (ii) a detached two- to four-family dwelling, (iii) a one-family
      dwelling unit in a Fannie Mae eligible condominium project, or (iv) a detached
      one-family dwelling in a planned unit development, none of which is a
      co-operative, mobile or manufactured home (as defined in 42 United States Code,
      Section 5402(6)).

     

    “Residual
      Certificates”: The Class R Certificates and the Class R-X
      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 Trust Administrator, the President, any
      vice president, any assistant vice president, the Secretary, any assistant
      secretary, the Treasurer, any assistant treasurer, any trust officer or
      assistant trust officer, the Controller and any assistant controller or any
      other officer thereof customarily performing functions similar to those
      performed by any of the above designated officers and, with respect to a
      particular matter relating to this Agreement, to whom such matter is referred
      because of such officer’s knowledge of and familiarity with the particular
      subject.  When used with respect to the Trustee, any officer of the
      Trustee with direct responsibility for the administration of this Agreement
      and,
      with respect to a particular matter relating to this Agreement, to whom such
      matter is referred because of such officer’s knowledge of and familiarity with
      the particular subject.

     

    “Reportable
      Event”:  The meaning set forth in Section 4.07(a)(iii).

     

    “Reuters
      Screen LIBOR01 Page”:  The display page currently so designated on the
      Reuters Monitor Money Rates Service (or such other page as may replace that
      page
      on that service for the purpose of displaying comparable rates or
      prices).

     

    “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”:  The meaning set forth in Section
      4.07(a)(iv).

     

    “Securities
      Act”:  The Securities Act of 1933, as amended, and the rules and
      regulations thereunder.

     

    “S&P”  Standard
      & Poor’s Ratings Services, a division of the McGraw-Hill Companies, Inc., or
      its successors in interest.

     

    “Scheduled
      Principal Balance”: With respect to any Mortgage Loan: (a) as of the Cut-off
      Date, the outstanding principal balance of such Mortgage Loan as of such date,
      net of the principal portion of all unpaid Monthly Payments, if any, due on
      or
      before such date; (b) as of any Due Date subsequent to the Cut-off Date up
      to
      and including the Due Date in the calendar month in which a Liquidation Event
      occurs with respect to such Mortgage Loan, the Scheduled Principal Balance
      of
      such Mortgage Loan as of the Cut-off Date, minus the sum of (i) the principal
      portion of each Monthly Payment due on or before such Due Date but subsequent
      to
      the Cut-off Date, whether or not received, (ii) all Principal Prepayments
      received before such Due Date but after the Cut-off Date, (iii) the principal
      portion of all Liquidation Proceeds and Insurance Proceeds received before
      such
      Due Date but after the Cut-off Date, net of any portion thereof that represents
      principal due (without regard to any acceleration of payments under the related
      Mortgage and Mortgage Note) on a Due Date occurring on or before the date on
      which such proceeds were received and (iv) any Realized Loss incurred with
      respect thereto as a result of a Deficient Valuation occurring before such
      Due
      Date, but only to the extent such Realized Loss represents a reduction in the
      portion of principal of such Mortgage Loan not yet due (without regard to any
      acceleration of payments under the related Mortgage and Mortgage Note) as of
      the
      date of such Deficient Valuation; and (c) as of any Due Date subsequent to
      the
      occurrence of a Liquidation Event with respect to such Mortgage Loan, zero.
      With
      respect to any REO Property: (a) as of any Due Date subsequent to the date
      of
      its acquisition on behalf of the Trust Fund up to and including the Due Date
      in
      the calendar month in which a Liquidation Event occurs with respect to such
      REO
      Property, an amount (not less than zero) equal to the Scheduled Principal
      Balance of the related Mortgage Loan as of the Due Date in the calendar month
      in
      which such REO Property was acquired minus the principal portion of each Monthly
      Payment that would have become due on such related Mortgage Loan after such
      REO
      Property was acquired if such Mortgage Loan had not been converted to an REO
      Property; and (b) as of any Due Date subsequent to the occurrence of a
      Liquidation Event with respect to such REO Property, zero.

     

    “Senior
      Enhancement Percentage”:  With respect to any Distribution Date, the
      percentage obtained by dividing (x) the aggregate Certificate Principal Balance
      of the Mezzanine Certificates and the Class CE-1 Certificates, calculated after
      taking into account distribution of the Group I Principal Distribution Amount
      and Group II Principal Distribution Amount to Holders of the Certificates then
      entitled to distributions thereof on the related Distribution Date by (y) the
      aggregate Stated Principal Balance of the Mortgage Loans as of the last day
      of
      the related Due Period (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).

     

    “Senior
      Interest Distribution Amount”: With respect to any Distribution Date and each
      Class of Class A Certificates, an amount equal to the sum of the Interest
      Distribution Amount for such Class for such Distribution Date and the Interest
      Carry Forward Amount, if any, for such Class for such Distribution
      Date.

     

    “Senior
      Principal Distribution Amount”:  With respect to any Distribution
      Date, an amount equal to the sum of (i) the Group I Senior Principal
      Distribution Amount and (ii) the Group II Senior Principal Distribution
      Amount.

     

    “Servicer”:  Ameriquest
      Mortgage Company, or any successor appointed as herein provided, in its capacity
      as the Servicer hereunder.

     

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

     

    “Servicer
      Prepayment Charge Payment Amount”: The amounts payable by the Servicer in
      respect of any waived Prepayment Charges pursuant to Section 3.01.

     

    “Servicer
      Remittance Date”:  With
      respect to any Distribution Date, the 20th day of
      the
      calendar month in which such Distribution Date occurs or, if such 20th day is
      not a
      Business Day, the immediately succeeding Business Day.

     

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

     

    “Servicing
      Advances”: The reasonable “out-of-pocket” costs and expenses incurred by the
      Servicer in connection with a default, delinquency or other unanticipated event
      by the Servicer in the performance of its servicing obligations, including,
      but
      not limited to, the cost of (i) the preservation, restoration, inspection and
      protection of a Mortgaged Property, (ii) any enforcement, administration or
      judicial proceedings, including foreclosures, in respect of a particular
      Mortgage Loan, 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 (including reasonable fees in connection therewith)
      and liquidation of any REO Property, (iv) taxes, assessments, water rates,
      sewer
      rents and other charges which are or may become a lien upon the Mortgage
      Property and (v) the performance of its obligations under Section 3.01, Section
      3.09, Section 3.13, Section 3.14, Section 3.16 and Section
      3.23.  Servicing Advances shall also include any reasonable
“out-of-pocket” costs and expenses (including legal fees) incurred by the
      Servicer in connection with executing and recording instruments of satisfaction,
      deeds of reconveyance or Assignments of Mortgage in connection with any
      foreclosure in respect of any Mortgage Loan to the extent not recovered from
      the
      related Mortgagor or otherwise payable under this Agreement.  The
      Servicer shall not be required to make any Servicing Advance in respect of
      a
      Mortgage Loan or REO Property that, in the good faith business judgment of
      the
      Servicer would not be ultimately recoverable from related Insurance Proceeds
      or
      Liquidation Proceeds on such Mortgage Loan or REO Property as provided
      herein.  The Servicer shall not be required to make any Servicing
      Advance that would be a Nonrecoverable Advance.

     

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

     

    “Servicing
      Fee”: With respect to each Mortgage Loan, the amount of the annual fee paid to
      the Servicer, which shall, for a period of one full month (or in the event
      of
      any payment of interest which accompanies a Principal Prepayment in full made
      by
      the Mortgagor during such calendar month, interest for the number of days
      covered by such payment of interest), be equal to one-twelfth of the product
      of
      (a) the Servicing Fee Rate (without regard to the words “per annum”) and (b) the
      outstanding principal balance of such Mortgage Loan less an amount to be
      retained by the Servicing Rights Owner as agreed to between the Servicing Rights
      Owner and the Servicer; provided, that if the Backup Servicer becomes the
      successor servicer, the Servicing Fee shall be as provided in the Backup
      Servicing Agreement.  Such fee shall be payable monthly, computed on
      the basis of the same principal amount and period respecting which any related
      interest payment on a Mortgage Loan is received.  The obligation for
      payment of the Servicing Fee is limited to, and the Servicing Fee is payable
      solely from, the interest portion (including recoveries with respect to interest
      from Liquidation Proceeds) of such Monthly Payment collected by the Servicer,
      or
      as otherwise provided under Section 3.11.

     

    “Servicing
      Fee Rate”:  With respect to each Mortgage Loan, the rate of 0.500% per
      annum.

     

    “Servicing
      Function Participant”:  Any Sub-Servicer or Subcontractor,
      participating in the servicing function within the meaning of Item 1122 of
      Regulation AB, of the Servicer, the Master Servicer, the Custodian or the Trust
      Administrator, respectively.  For the avoidance of doubt, the
      Custodian shall be considered a Servicing Function Participant without regard
      to
      the threshold percentage set forth in instruction 2 of Item 1122 of Regulation
      AB, provided, however, the parties hereto agree that duties and obligations
      of
      Citibank, in its capacity as a Servicing Function Participant, shall be solely
      governed pursuant to the terms of the Custodial Agreement.

     

    “Servicing
      Officer”: Any employee of the Servicer involved in, or responsible for, the
      administration and servicing of the Mortgage Loans, whose name appears on a
      list
      of Servicing Officers furnished by the Servicer to the Master Servicer, the
      Trust Administrator, the Trustee and the Depositor, upon request, as such list
      may from time to time be amended.  With respect to the Master
      Servicer, any officer of the Master Servicer involved in or responsible for,
      the
      administration and master servicing of the Mortgage Loans whose name appears
      on
      a list of master Servicing Officers furnished by the Master Servicer to the
      Trustee, the Trust Administrator and the Depositor upon request, as such list
      may from time to time be amended.

     

    “Servicing
      Rights”: With respect to any Mortgage Loan, any and all of the following: (a)
      the right to terminate the Servicer as servicer of such Mortgage Loan, with
      or
      without cause (for clarification purposes, the Master Servicer will also have
      the right to terminate the Servicer as Servicer of the Mortgage Loans for
      cause); (b) the right to transfer the Servicing Rights and/or all servicing
      obligations with respect to such Mortgage Loan; (c) the right to receive the
      Servicing Fee, less an amount to be retained by the Servicer as its servicing
      compensation as agreed to by the Servicing Rights Owner and the Servicer and
      (d)
      all powers and privileges incident to any of the foregoing.

     

    “Servicing
      Rights Owner”:  The Sponsor or any successor or assign of the
      Sponsor.

     

    “Servicing
      Transfer Costs”: Shall mean all reasonable out-of-pocket costs and expenses
      incurred by the Trustee, the Master Servicer or the Backup Servicer in
      connection with the transfer of servicing from a predecessor servicer,
      including, without limitation, any reasonable 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, the
      Master Servicer or the Backup Servicer to correct any errors or insufficiencies
      in the servicing data or otherwise to enable the Trustee, the Master Servicer
      or
      the Backup Servicer to service the Mortgage Loans properly and
      effectively.

     

    “Significance
      Percentage”:  With respect to the Interest Rate Cap Agreement or the
      Interest Rate Swap Agreement, the percentage equivalent of a fraction, the
      numerator of which is (I) the present value (such calculation of present value
      using the two-year swaps rate made available at Bloomberg Financial Markets,
      L.P.) of the aggregate amount payable under the Interest Rate Cap Agreement
      or
      the Interest Rate Swap Agreement, as applicable, (assuming that one-month LIBOR
      for each remaining Calculation Period (as defined in the Interest Rate Cap
      Agreement or the Interest Rate Swap Agreement, as applicable) beginning with
      the
      Calculation Period immediately following the related Distribution Date is equal
      to the sum of (a) the one-month LIBOR rate for each remaining Calculation Period
      made available at Bloomberg Financial Markets, L.P. by taking the following
      steps: (1) typing in the following keystrokes: fwcv , us , 3 ; (2) the Forwards
      shall be set to “1-Mo”; (3) the Intervals shall be set to “1-Mo”; and (4) the
      Points shall be set to equal the remaining term of the Interest Rate Cap
      Agreement or the Interest Rate Swap Agreement, as applicable, in months and
      the
      Trust Administrator shall click (provided that the Depositor shall notify the
      Trust Administrator in writing of any changes to such keystrokes), (b) the
      percentage equivalent of a fraction, the numerator of which is 2.00% and the
      denominator of which is the initial number of Distribution Dates on which the
      Trust Administrator is entitled to receive payments under the Interest Rate
      Cap
      Agreement or the Interest Rate Swap Agreement, as applicable (the “Add-On
      Amount”) and (c) the Add-On Amount for each previous period) and the denominator
      of which is (II) the aggregate Certificate Principal Balance of the Floating
      Rate Certificates on such Distribution Date (after giving effect to all
      distributions on such Distribution Date).

     

    “Single
      Certificate”: With respect to any Class of Certificates (other than the Residual
      Certificates), a hypothetical Certificate of such Class evidencing a Percentage
      Interest for such Class corresponding to an initial Certificate Principal
      Balance or Notional Amount of $1,000. With respect to the Class P and the
      Residual Certificates, a hypothetical Certificate of such Class evidencing
      a 20%
      Percentage Interest in such Class.

     

    “Sponsor”:
      Citigroup Global Markets Realty Corp. or its successor in interest.

     

    “Startup
      Day”: With respect to any Trust REMIC, the day designated as such pursuant to
      Section 10.01(b) hereof.

     

    “Stated
      Principal Balance”: With respect to any Mortgage Loan: (a) as of any date of
      determination up to but not including the Distribution Date on which the
      proceeds, if any, of a Liquidation Event with respect to such Mortgage Loan
      would be distributed, the Scheduled Principal Balance of such Mortgage Loan
      as
      of the Cut-off Date, as shown in the Mortgage Loan Schedule, minus the sum
      of
      (i) the principal portion of each Monthly Payment due on a Due Date subsequent
      to the Cut-off Date, to the extent received from the Mortgagor or advanced
      by
      the Servicer and distributed pursuant to Section 4.01 on or before such date
      of
      determination, (ii) all Principal Prepayments received after the Cut-off Date,
      to the extent distributed pursuant to Section 4.01 on or before such date of
      determination, (iii) all Liquidation Proceeds and Insurance Proceeds applied
      by
      the Servicer as recoveries of principal in accordance with the provisions of
      Section 3.16, to the extent distributed pursuant to Section 4.01 on or before
      such date of determination, and (iv) any Realized Loss incurred with respect
      thereto as a result of a Deficient Valuation made during or prior to the
      Prepayment Period for the most recent Distribution Date coinciding with or
      preceding such date of determination; and (b) as of any date of determination
      coinciding with or subsequent to the Distribution Date on which the proceeds,
      if
      any, of a Liquidation Event with respect to such Mortgage Loan would be
      distributed, zero. With respect to any REO Property: (a) as of any date of
      determination up to but not including the Distribution Date on which the
      proceeds, if any, of a Liquidation Event with respect to such REO Property
      would
      be distributed, an amount (not less than zero) equal to the Stated Principal
      Balance of the related Mortgage Loan as of the date on which such REO Property
      was acquired on behalf of the Trust Fund, minus, the principal portion of
      Monthly Payments that would have become due on such related Mortgage Loan after
      such REO Property was acquired if such Mortgage Loan had not been converted
      to
      an REO Property, to the extent advanced by the Servicer and distributed pursuant
      to Section 4.01 on or before such date of determination; and (b) as of any
      date
      of determination coinciding with or subsequent to the Distribution Date on
      which
      the proceeds, if any, of a Liquidation Event with respect to such REO Property
      would be distributed, zero.

     

    “Stayed
      Funds”: If the Servicer is the subject of a proceeding under the federal
      Bankruptcy Code and the making of any payment required to be made under the
      terms of the Certificates and this Agreement is prohibited by Section 362 of
      the
      federal Bankruptcy Code, funds which are in the custody of the Servicer, a
      trustee in bankruptcy or a federal bankruptcy court and should have been the
      subject of such Remittance absent such prohibition.

     

    “Stepdown
      Date”: The earlier to occur of (i) the Distribution Date immediately following
      the Distribution Date on which the aggregate Certificate Principal Balance
      of
      the Class A Certificates has been reduced to zero and (ii) the later to occur
      of
      (a) the Distribution Date occurring in July 2010 and (b) the first Distribution
      Date on which the Senior Enhancement Percentage (calculated for this purpose
      only after taking into account distributions of principal on the Mortgage Loans
      but prior to any distribution of the Group I Principal Distribution Amount
      and
      the Group II Principal Distribution Amount to the Certificates then entitled
      to
      distributions of principal on such Distribution Date) is equal to or greater
      than 55.60%.

     

    “Subcontractor”:
      Any vendor, subcontractor or other Person that is not responsible for the
      overall servicing 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 Servicer (or a Sub-Servicer), the Master
      Servicer, the Custodian or the Trust Administrator.  To the extent the
      Backup Servicer becomes the successor servicer, “Subcontractor” shall have the
      meaning set forth in the Addendum Regulation AB.

     

    “Sub-Servicer”:
      Any Person that services Mortgage Loans on behalf of the Servicer, and is
      responsible for the performance (whether directly or through Sub-Servicers
      or
      Subcontractors) of servicing functions required to be performed under this
      Agreement, any related Servicing Agreement or any sub-servicing agreement that
      are identified in Item 1122(d) of Regulation AB.  To the extent the
      Backup Servicer becomes the successor servicer, “Sub-Servicer” shall have the
      meaning set forth in the Addendum Regulation AB; provided, however, that any
      Sub-Servicer must meet the qualifications of a Sub-Servicer pursuant to Section
      3.02.

     

    “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
      Servicer.

     

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

     

    “Subsequent
      Recoveries”: As of any Distribution Date, amounts received by the Trust Fund
      (net of any related expenses permitted to be reimbursed to the related
      Sub-Servicer, the Servicer or the Master Servicer from such amounts under the
      related Sub-Servicing Agreement or hereunder) specifically related to a Mortgage
      Loan that was the subject of a liquidation or an REO Disposition prior to the
      related Prepayment Period that resulted in a Realized Loss.

     

    “Substitution
      Shortfall Amount”:  As defined in Section 2.03(d) hereof.

     

    “Successful
      Auction”:  An auction held pursuant to Section 9.03 at which at least
      three Qualified Bidders submitted bids and at least one of those bids was an
      Acceptable Bid Amount.

     

    “Successor
      Servicer”:  Upon the removal of the Servicer, the entity appointed to
      be the successor servicer hereunder which shall be (a) the Backup Servicer
      for
      so long as the Backup Servicer is a party hereto, (b) the Master Servicer (or
      such other successor servicer appointed by the Master Servicer hereunder) for
      so
      long as the Backup Servicer is not a party hereto or is otherwise ineligible
      to
      act as successor servicer hereunder or (c) the Trustee (or such other successor
      servicer appointed by the Trustee hereunder) if the removed Servicer was the
      Master Servicer.

     

    “Supplemental
      Interest Trust”:  As defined in Section 4.09.

     

    “Supplemental
      Interest Trust Trustee”:  Wells Fargo Bank, N.A., not in its
      individual capacity but solely in its capacity as Supplemental Interest Trust
      Trustee, and any successor thereto.

     

    “Swap
      Account”: The account or accounts created and maintained pursuant to Section
      4.09.  The Swap Account must be an Eligible Account.

     

    “Swap
      Credit Support Annex”:  The credit support annex, dated the Closing
      Date, between the Supplemental Interest Trust Trustee and the Swap Provider,
      which is annexed to and forms part of the Swap Agreement.

     

    “Swap
      Expense Fee Rate”:  With respect to each Distribution Date, an amount,
      expressed as a per annum rate, equal to the product of 12 and a fraction, the
      numerator of which is the sum of any Net Swap Payment and any Swap Termination
      Payment (other than any Swap Termination Payment resulting from a Swap Provider
      Trigger Event) owed to the Swap Provider for such Distribution Date and the
      denominator of which is the outstanding Stated Principal Balances of the
      Mortgage Loans as of the first day of the related Due Period (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)

     

    “Swap
      Interest Shortfall Amount”: Any shortfall of interest with respect to any Class
      of Certificates resulting from the application of the Net WAC Pass-Through
      Rate
      due to a discrepancy between the Uncertificated Notional Amount of REMIC VII
      Regular Interest SWAP IO and the scheduled notional amount.

     

    “Swap
      LIBOR”: A per annum
      rate equal to the floating rate payable by the Swap Provider under the
Interest Rate
      Swap
      Agreement.

     

    “Swap
      Provider”:  The swap provider under the Swap
      Agreement.  Initially, the Swap Provider shall be Citibank,
      N.A.

     

    “Swap
      Provider Trigger Event”: A Swap Termination Payment that is triggered upon: (i)
      an Event of Default under the Interest Rate Swap Agreement with respect to
      which
      the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap
      Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement
      with
      respect to which the Swap Provider is the sole Affected Party (as defined in
      the
      Interest Rate Swap Agreement) or (iii) an Additional Termination Event under
      the
      Interest Rate Swap Agreement with respect to which the Swap Provider is the
      sole
      Affected Party.

     

    “Swap
      Termination Payment”: The payment due to either party under the Interest Rate
      Swap Agreement upon the early termination of the Interest Rate Swap
      Agreement.

     

    “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 any Trust REMIC due to its classification as a REMIC 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.

     

    “Termination
      Price”:  As defined in Section 9.01.

     

    “Terminator”:
      As defined in Section 9.01.

     

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

     

    “Transferee”:
      Any Person who is acquiring by Transfer any Ownership Interest in a
      Certificate.

     

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

     

    “Trigger
      Event”: A Trigger Event is in effect on any Distribution Date on or after the
      Stepdown Date if:

     

    (a)           the
      Delinquency Percentage exceeds 28.70% of the Senior Enhancement Percentage
      for
      the prior Distribution Date; or

     

    (b)           the
      aggregate amount of Realized Losses incurred since the Cut-off Date through
      the
      last day of the related Due Period (reduced by the aggregate amount of
      Subsequent Recoveries received since the Cut-off Date through the last day
      of
      the related Due Period) divided by aggregate Stated Principal Balance of the
      Mortgage Loans as of the Cut-off Date exceeds the applicable percentages set
      forth below with respect to such Distribution Date (the “Realized Loss
      Percentage”):

    

    
      	
              
                Distribution
                  Date Occurring In

              

            	
              
                Percentage

              

            
	
              July
                2009 through June 2010

            	
              1.60%for
                the first month plus an additional 1/12th of 1.95% for each month
                thereafter

            
	
              July
                2010 through June 2011

            	
              3.55%for
                the first month plus an additional 1/12th of 2.10% for each month
                thereafter

            
	
              July
                2011 through June 2012

            	
              5.65%for
                the first month plus an additional 1/12th of 1.65%% for each month
                thereafter

            
	
              July
                2012 through June 2013

            	
              7.30%for
                the first month plus an additional 1/12th of 0.95% for each month
                thereafter

            
	
              July
                2013 and thereafter

            	
              8.25%

            

    

    

    “Trust”:  Citigroup
      Mortgage Loan Trust 2007-AMC4.

     

    “Trust
      Administrator”: Wells Fargo Bank, N.A., or its successor in interest, or any
      successor trust administrator appointed as herein provided.

     

     “Trust
      Fund”: Collectively, all of the assets of each Trust REMIC, the Net WAC Rate
      Carryover Reserve Account, the Interest Rate Cap Agreement, distributions made
      to the Trust Administrator by the Cap Administrator under the Cap Administration
      Agreement and the Cap Account, the Interest Rate Swap Agreement, the Swap
      Account, the Supplemental Interest Trust, Servicer Prepayment Charge Payment
      Amounts and the other assets conveyed by the Depositor to the Trustee pursuant
      to Section 2.01.  Notwithstanding the foregoing, however, the Trust
      Fund specifically excludes all Servicing Rights with respect to the Mortgage
      Loans.

     

    “Trust
      REMIC”: Any of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V, REMIC VI or
      REMIC VII.

     

    “Trustee”:
      U.S. Bank National Association, or its successor in interest, or any successor
      trustee appointed as herein provided.

     

    “Uncertificated
      Balance”: The amount of any REMIC Regular Interest outstanding as of any date of
      determination.  As of the Closing Date, the Uncertificated Balance of
      each REMIC Regular Interest shall equal the amount set forth in the Preliminary
      Statement hereto as its initial Uncertificated Balance. On each Distribution
      Date, the Uncertificated Balance of each REMIC Regular Interest shall be reduced
      by all distributions of principal made on such REMIC Regular Interest on such
      Distribution Date pursuant to Section 4.01 and, if and to the extent necessary
      and appropriate, shall be further reduced on such Distribution Date by Realized
      Losses as provided in Section 4.04. The Uncertificated Balance of REMIC II
      Regular Interest LTZZ shall be increased by interest deferrals as provided
      in
      Section 4.01.  With respect to the Class CE Interest 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 II Regular Interests over (B)
      the
      then aggregate Certificate Principal Balance of the Floating Rate Certificates
      and the Class P Certificates then outstanding. The Uncertificated Principal
      Balance of each REMIC Regular Interest that has an Uncertificated Principal
      Balance shall never be less than zero.

     

    “Uncertificated
      Interest”: With respect to any REMIC Regular Interest for any Distribution Date,
      one month’s interest at the related REMIC Remittance Rate applicable to such
      REMIC Regular Interest for such Distribution Date, accrued on the Uncertificated
      Balance thereof immediately prior to such Distribution Date. Uncertificated
      Interest in respect of any REMIC Regular Interest shall accrue on the basis
      of a
      360-day year consisting of twelve 30-day months. Uncertificated Interest with
      respect to each Distribution Date, as to any REMIC Regular Interest, shall
      be
      reduced by an amount equal to the sum of (a) the aggregate Prepayment Interest
      Shortfall, if any, for such Distribution Date to the extent not covered by
      payments pursuant to Section 3.24 and (b) the aggregate amount of any Relief
      Act
      Interest Shortfall, if any allocated, in each case, to such REMIC Regular
      Interest pursuant to Section 1.02.  In addition, Uncertificated
      Interest with respect to each Distribution Date, as to any REMIC Regular
      Interest shall be reduced by Realized Losses, if any, allocated to such REMIC
      Regular Interest pursuant to Section 1.02 and Section 4.04.

     

    “Uncertificated
      Notional Amount”:  With respect to REMIC II Regular Interest LTIO and
      each Distribution Date listed below, the aggregate Uncertificated Balance of
      the
      REMIC I Regular Interests ending with the designation “A” listed
      below:

     

    
      	
              
                Distribution
                  Date

              

            	
              
                REMIC
                  I Regular Interests

              

            
	
              1st
                through
                13th

            	
              I-1-A
                through I-46-A and II-1-A through II-46-A

            
	
              14

            	
              I-2-A
                through I-46-A and II-2-A through II-46-A

            
	
              15

            	
              I-3-A
                through I-46-A and II-3-A through II-46-A

            
	
              16

            	
              I-4-A
                through I-46-A and II-4-A through II-46-A

            
	
              17

            	
              I-5-A
                through I-46-A and II-5-A through II-46-A

            
	
              18

            	
              I-6-A
                through I-46-A and II-6-A through II-46-A

            
	
              19

            	
              I-7-A
                through I-46-A and  II-7-A through II-46-A

            
	
              20

            	
              I-8-A
                through I-46-A and  II-8-A through II-46-A

            
	
              21

            	
              I-9-A
                through I-46-A and  II-9-A through II-46-A

            
	
              22

            	
              I-10-A
                through I-46-A and  II-10-A through II-46-A

            
	
              23

            	
              I-11-A
                through I-46-A and  II-11-A through II-46-A

            
	
              24

            	
              I-12-A
                through I-46-A and  II-12-A through II-46-A

            
	
              25

            	
              I-13-A
                through I-46-A and  II-13-A through II-46-A

            
	
              26

            	
              I-14-A
                through I-46-A and  II-14-A through II-46-A

            
	
              27

            	
              I-15-A
                through I-46-A and  II-15-A through II-46-A

            
	
              28

            	
              I-16-A
                through I-46-A and  II-16-A through II-46-A

            
	
              29

            	
              I-17-A
                through I-46-A and  II-17-A through II-46-A

            
	
              30

            	
              I-18-A
                through I-46-A and  II-18-A through II-46-A

            
	
              31

            	
              I-19-A
                through I-46-A and II-19-A through II-46-A

            
	
              32

            	
              I-20-A
                through I-46-A and II-20-A through II-46-A

            
	
              33rd
                through
                36th

            	
              I-21-A
                through I-46-A and II-21-A through II-46-A

            
	
              37

            	
              I-22-A
                through I-46-A and II-22-A through II-46-A

            
	
              38

            	
              I-23-A
                through I-46-A and II-23-A through II-46-A

            
	
              39

            	
              I-24-A
                through I-46-A and II-24-A through II-46-A

            
	
              40

            	
              I-25-A
                through I-46-A and II-25-A through II-46-A

            
	
              41

            	
              I-26-A
                through I-46-A and II-26-A through II-46-A

            
	
              42

            	
              I-27-A
                through I-46-A and II-27-A through II-46-A

            
	
              43

            	
              I-28-A
                through I-46-A and II-28-A through II-46-A

            
	
              44

            	
              I-29-A
                through I-46-A and II-29-A through II-46-A

            
	
              45

            	
              I-30-A
                through I-46-A and II-30-A through II-46-A

            
	
              46

            	
              I-31-A
                through I-46-A and II-31-A through II-46-A

            
	
              47

            	
              I-32-A
                through I-46-A and II-32-A through II-46-A

            
	
              48

            	
              I-33-A
                through I-46-A and II-33-A through II-46-A

            
	
              49

            	
              I-34-A
                through I-46-A and II-34-A through II-46-A

            
	
              50

            	
              I-35-A
                through I-46-A and II-35-A through II-46-A

            
	
              51

            	
              I-36-A
                through I-46-A and II-36-A through II-46-A

            
	
              52

            	
              I-37-A
                through I-46-A and II-37-A through II-46-A

            
	
              51

            	
              I-38-A
                through I-46-A and II-38-A through II-46-A

            
	
              51

            	
              I-39-A
                through I-46-A and  II-39-A through II-46-A

            
	
              55

            	
              I-40-A
                through I-46-A and  II-40-A through II-46-A

            
	
              56

            	
              I-41-A
                through I-46-A and  II-41-A through II-46-A

            
	
              57

            	
              I-42-A
                through I-46-A and  II-42-A through II-46-A

            
	
              58

            	
              I-43-A
                through I-46-A and  II-43-A through II-46-A

            
	
              59

            	
              I-44-A
                through I-46-A and  II-44-A through II-46-A

            
	
              60

            	
              I-45-A
                and I-46-A and  II-45-A and II-46-A

            
	
              61

            	
              I-46-A
                and II-46-A

            
	
              thereafter

            	
              $0.00

            

    

    

    “Uninsured
      Cause”: Any cause of damage to a Mortgaged Property such that the complete
      restoration of such property is not fully reimbursable by the hazard insurance
      policies required to be maintained pursuant to Section 3.14.

     

    “United
      States Person”: A citizen or resident of the United States, a corporation,
      partnership or other entity created or organized in, or under the laws of,
      the
      United States, 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 the Residual
      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 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. The term “United States” shall have the meaning set forth in Section
      7701 of the Code.

     

    “Value”:
      With respect to any Mortgaged Property, the lesser of (i) the value thereof
      as
      determined by an appraisal made for the related Originator of the Mortgage
      Loan
      at the time of origination of the Mortgage Loan and (ii) the purchase price
      paid
      for the related Mortgaged Property by the Mortgagor with the proceeds of the
      Mortgage Loan, provided, however, in the case of a Refinanced Mortgage Loan,
      such value of the Mortgaged Property is based solely upon the value determined
      by an appraisal made for the related Originator of such Refinanced Mortgage
      Loan
      at the time of origination of such Refinanced Mortgage Loan by an
      appraiser.

     

    “Voting
      Rights”: The portion of the voting rights of all of the Certificates which is
      allocated to any Certificate. With respect to any date of determination, 98%
      of
      all Voting Rights will be allocated among the holders of the Class A
      Certificates, the Mezzanine Certificates, the Class CE-1 Certificates and the
      Class CE-2 Certificates in proportion to the then outstanding Certificate
      Principal Balances of their respective Certificates, 1% of all Voting Rights
      will be allocated to the holders of the Class P Certificates and 1% of all
      Voting Rights will be allocated among the holders of the Residual Certificates.
      The Voting Rights allocated to each Class of Certificate shall be allocated
      among Holders of each such Class in accordance with their respective Percentage
      Interests as of the most recent Record Date.

     

    “Winning
      Bidder”:  With respect to a Successful Auction, the Qualified Bidder
      that bids the highest price.

     

    
      	
              SECTION
                1.02  

            	
              Allocation
                of Certain Interest Shortfalls.

            

    

     

    For
      purposes of calculating the Interest Distribution Amount for the Floating Rate
      Certificates and the Class CE-1 Certificates for any Distribution Date, the
      aggregate amount of any Prepayment Interest Shortfalls (to the extent not
      covered by payments by the Servicer pursuant to Section 3.24) and any Relief
      Act
      Interest Shortfalls incurred in respect of the Mortgage Loans for any
      Distribution Date shall be allocated first, to the Class CE-1 Certificates
      based
      on, and to the extent of, one month’s interest at the then applicable
      Pass-Through Rate on the Notional Amount of the Class CE-1 Certificates and,
      thereafter, among the Floating Rate Certificates on a pro rata basis
      based on, and to the extent of, one month’s interest at the then applicable
      respective Pass-Through Rate on the respective Certificate Principal Balance
      of
      each such Certificate immediately prior to such Distribution Date.

     

    For
      purposes of calculating the amount of Uncertificated Interest for the REMIC
      I
      Group I Regular Interests for any Distribution Date, the aggregate amount of
      any
      Prepayment Interest Shortfalls (to the extent not covered by payments by the
      Servicer pursuant to Section 3.24) and any Relief Act Interest Shortfalls
      incurred in respect of Group I Mortgage Loans shall be allocated first, to
      REMIC
      I Regular Interest I and to the REMIC I Group I Regular Interests ending with
      the designation “B”, pro rata based on, and to the extent of, one
      month’s interest at the then applicable respective REMIC I Remittance Rates on
      the respective Uncertificated Principal Balances of each such REMIC I Regular
      Interest, and then, to REMIC I Group I 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 REMIC I Remittance Rates on the respective
      Uncertificated Balances of each such REMIC I Regular Interest.

     

    For
      purposes of calculating the amount of Uncertificated Interest for the REMIC
      I
      Group II Regular Interests for any Distribution Date, the aggregate amount
      of
      any Prepayment Interest Shortfalls (to the extent not covered by payments by
      the
      Servicer pursuant to Section 3.24) and any Relief Act Interest Shortfalls
      incurred in respect of Group II Mortgage Loans shall be allocated first, to
      REMIC I Regular Interest II and to the REMIC I Group II Regular Interests ending
      with the designation “B”, pro rata based on, and to the extent of, one
      month’s interest at the then applicable respective REMIC I Remittance Rates on
      the respective Uncertificated Principal Balances of each such REMIC I Regular
      Interest, and then, to REMIC I Group II 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 REMIC I Remittance Rates on the respective
      Uncertificated Balances of each such REMIC I Regular Interest.

     

    For
      purposes of calculating the amount of Uncertificated Interest for the REMIC
      II
      Regular Interests for any Distribution Date:

     

    (A)           The
      REMIC II Marker Allocation Percentage of the aggregate amount of any Prepayment
      Interest Shortfalls (to the extent not covered by payments by the Servicer
      pursuant to Section 3.24) and the REMIC II Marker Allocation Percentage of
      any
      Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for
      any
      Distribution Date shall be allocated among REMIC II Regular Interest LTAA,
      REMIC
      II Regular Interest LTA1, REMIC II Regular Interest LTA2A, REMIC II Regular
      Interest LTA2B, REMIC II Regular Interest LTA2C, REMIC II Regular Interest
      LTA2D, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2, REMIC
      II
      Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular Interest
      LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7, REMIC
      II
      Regular Interest LTM8, REMIC II Regular Interest LTM9, REMIC II Regular Interest
      LTM10, REMIC II Regular Interest LTM11 and REMIC II Regular Interest LTZZ
pro rata based on, and to the extent of, one month’s interest at the
      then applicable respective REMIC II Remittance Rate on the respective
      Uncertificated Balance of each such REMIC II Regular Interest; and

     

    (B)           The
      REMIC II Sub WAC Allocation Percentage of the aggregate amount of any Prepayment
      Interest Shortfalls (to the extent not covered by payments by the Servicer
      pursuant to Section 3.24) and the REMIC II Sub WAC Allocation Percentage of
      any
      Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for
      any
      Distribution Date shall be allocated first, to Uncertificated Interest payable
      to REMIC II Regular Interest LT1SUB, REMIC II Regular Interest LT1GRP, REMIC
      II
      Regular Interest LT2SUB, REMIC II Regular Interest LT2GRP and REMIC II Regular
      Interest LTXX, pro rata based on, and to the extent of, one month’s
      interest at the then applicable respective REMIC II Remittance Rate on the
      respective Uncertificated Balance of each such REMIC II Regular
      Interest.

     

    ARTICLE
      II

     

    CONVEYANCE
      OF MORTGAGE LOANS;

    ORIGINAL
      ISSUANCE OF CERTIFICATES

     

    
      	
              SECTION
                2.01  

            	
              Conveyance
                of Mortgage Loans.

            

    

     

    The
      Depositor, concurrently with the execution and delivery hereof, does hereby
      transfer, assign, set over and otherwise convey to the Trustee without recourse
      for the benefit of the Certificateholders all the right, title and interest
      of
      the Depositor, including any security interest therein for the benefit of the
      Depositor, in and to the Mortgage Loans identified on the Mortgage Loan
      Schedule, the rights of the Depositor under the Mortgage Loan Purchase
      Agreement, payments made to the Trust Administrator by the Cap Administrator
      under the Cap Administration Agreement, the Cap Account, the Interest Rate
      Swap
      Agreement and Swap Account, and all other assets included or to be included
      in
      REMIC I. Such assignment includes all interest and principal received by the
      Depositor or the Servicer on or with respect to the Mortgage Loans (other than
      payments of principal and interest due on such Mortgage Loans on or before
      the
      Cut-off Date); provided that such assignment shall not include any Servicing
      Rights. The Depositor herewith delivers to the Trustee and the Trust
      Administrator an executed copy of the Mortgage Loan Purchase Agreement, and
      the
      Trustee and the Trust Administrator acknowledge receipt of the same on behalf
      of
      the Certificateholders.

     

    Notwithstanding
      anything provided herein to the contrary, each of the parties hereto agrees
      and
      acknowledges that, notwithstanding the transfer, conveyance and assignment
      of
      the Mortgage Loans from the Depositor to the Trustee pursuant to this Agreement,
      the Servicing Rights Owner remains the sole and exclusive owner of the Servicing
      Rights.

     

    In
      connection with such transfer and assignment, the Depositor does hereby deliver
      to, and deposit with, the Trustee or the Custodian on its behalf, the following
      documents or instruments (a “Mortgage File”) with respect to each Mortgage Loan
      so transferred and assigned:

     

    (i)  The
      Mortgage Note, endorsed by manual or facsimile signature without recourse by
      the
      related Originator or an Affiliate of such Originator in blank or to the Trustee
      showing a complete chain of endorsements from the named payee to the Trustee
      or
      from the named payee to the Affiliate of such Originator and from such Affiliate
      to the Trustee;

     

    (ii)  The
      original recorded Mortgage, noting the presence of the MIN of the Mortgage
      Loan,
      if applicable, and language indicating that the Mortgage Loan is a MOM Loan
      if
      the Mortgage Loan is a MOM Loan, with evidence of recording thereon or a copy
      of
      the Mortgage certified by the public recording office in those jurisdictions
      where the public recording office retains the original;

     

    (iii)  Unless
      the Mortgage Loan is registered on the MERS® System, an assignment from the
      related Originator or an Affiliate of such Originator to the Trustee in blank
      or
      in recordable form of the Mortgage which may be included, where permitted by
      local law, in a blanket assignment or assignments of the Mortgage to the
      Trustee, including any intervening assignments and showing a complete chain
      of
      title from the original mortgagee named under the Mortgage to the Person
      assigning the Mortgage Loan to the Trustee (or to MERS, noting the presence
      of
      the MIN, if the Mortgage Loan is registered on the MERS® System);

     

    (iv)  Any
      original assumption, modification, buydown or conversion-to- fixed-interest-rate
      agreement applicable to the Mortgage Loan; and

     

    (v)  The
      original or a copy of the title insurance policy (which may be a certificate
      or
      a short form policy relating to a master policy of title insurance) pertaining
      to the Mortgaged Property, or in the event such original title policy is
      unavailable, a copy of the preliminary title report and the lender’s recording
      instructions, with the original to be delivered within 180 days of the Closing
      Date or an attorney’s opinion of title in jurisdictions where such is the
      customary evidence of title; or in the event such original or copy of the title
      insurance policy is unavailable, a written commitment or uniform binder or
      preliminary report of title issued by the title insurance or escrow
      company.

     

    In
      instances where an original recorded Mortgage cannot be delivered by the
      Depositor to the Trustee (or the Custodian on behalf of the Trustee) prior
      to or
      concurrently with the execution and delivery of this Agreement, due to a delay
      in connection with the recording of such Mortgage, the Depositor may, (a) in
      lieu of delivering such original recorded Mortgage referred to in clause (ii)
      above, deliver to the Trustee (or the Custodian on behalf of the Trustee) a
      copy
      thereof, provided that the Depositor certifies that the original Mortgage has
      been delivered to a title insurance company for recordation after receipt of
      its
      policy of title insurance or binder therefor (which may be a certificate
      relating to a master policy of title insurance), and (b) in lieu of delivering
      the completed assignment in recordable form referred to in clause (iii) above
      to
      the Trustee (or the Custodian on behalf of the Trustee), deliver such assignment
      to the Trustee (or the Custodian on behalf of the Trustee) completed except
      for
      recording information. In all such instances, the Depositor will deliver the
      original recorded Mortgage and completed assignment (if applicable) to the
      Trustee (or the Custodian on behalf of the Trustee) promptly upon receipt of
      such Mortgage. In instances where an original recorded Mortgage has been lost
      or
      misplaced, the Depositor or the related title insurance company may deliver,
      in
      lieu of such Mortgage, a copy of such Mortgage bearing recordation information
      and certified as true and correct by the office in which recordation thereof
      was
      made. In instances where the original or a copy of the title insurance policy
      referred to in clause (v) above (which may be a certificate relating to a master
      policy of title insurance) pertaining to the Mortgaged Property relating to
      a
      Mortgage Loan cannot be delivered by the Depositor to the Trustee (or the
      Custodian on behalf of the Trustee) prior to or concurrently with the execution
      and delivery of this Agreement because such policy is not yet available, the
      Depositor may, in lieu of delivering the original or a copy of such title
      insurance referred to in clause (v) above, deliver to the Trustee (or the
      Custodian on behalf of the Trustee) a binder with respect to such policy (which
      may be a certificate relating to a master policy of title insurance) and deliver
      the original or a copy of such policy (which may be a certificate relating
      to a
      master policy of title insurance) to the Trustee (or the Custodian on behalf
      of
      the Trustee) within 180 days of the Closing Date. In instances where an original
      assumption, modification, buydown or conversion-to-fixed- interest-rate
      agreement cannot be delivered by the Depositor to the Trustee (or the Custodian
      on behalf of the Trustee) prior to or concurrently with the execution and
      delivery of this Agreement, the Depositor may, in lieu of delivering the
      original of such agreement referred to in clause (iv) above, deliver a certified
      copy thereof.

     

    To
      the
      extent not already recorded, except with respect to any Mortgage Loan for which
      MERS is identified on the Mortgage or on a properly recorded assignment of
      the
      Mortgage as the mortgagee of record, the Servicer, at the expense of the Sponsor
      shall promptly (and in no event later than five Business Days following the
      later of the Closing Date and the date of receipt by the Servicer of the
      recording information for a Mortgage) submit or cause to be submitted for
      recording, at no expense to any Trust REMIC, in the appropriate public office
      for real property records, each Assignment delivered to it pursuant to (iii)
      above.  In the event that any such Assignment is lost or returned
      unrecorded because of a defect therein, the Servicer, at the expense of the
      Sponsor, shall promptly prepare or cause to be prepared a substitute Assignment
      or cure or cause to be cured such defect, as the case may be, and thereafter
      cause each such Assignment to be duly recorded.

     

    Notwithstanding
      the foregoing, but without limiting the requirement that such Assignments be
      in
      recordable form, neither the Servicer nor the Trustee shall be required to
      submit or cause to be submitted for recording any Assignment delivered to it
      or
      the Custodian pursuant to (iii) above if such recordation shall not, as of
      the
      Closing Date, be required by the Rating Agencies, as a condition to their
      assignment on the Closing Date of their initial ratings to the Certificates,
      as
      evidenced by the delivery by the Rating Agencies of their ratings letters on
      the
      Closing Date; provided, however, notwithstanding the foregoing, the Servicer
      shall submit each Assignment for recording, at no expense to the Trust Fund
      or
      the Servicer, upon the earliest to occur of: (A) reasonable direction by Holders
      of Certificates entitled to at least 25% of the Voting Rights, (B) the
      occurrence of a Servicer Event of Default, (C) the occurrence of a bankruptcy,
      insolvency or foreclosure relating to the Sponsor, (D) the occurrence of a
      servicing transfer as described in Section 7.02 of this Agreement and (E) with
      respect to any one Assignment the occurrence of a foreclosure relating to the
      Mortgagor under the related Mortgage. Notwithstanding the foregoing, if the
      Sponsor fails to pay the cost of recording the Assignments, such expense will
      be
      paid by the Servicer and the Servicer shall be reimbursed for such expenses
      by
      the Trust as Servicing Advances.  In the event an Assignment of
      Mortgage is not recorded with respect to a Mortgage Loan, neither the Trustee
      nor the Servicer will have any obligation for its failure to receive or act
      on
      notices with respect to such Mortgage Loan that the Trustee or the Servicer
      would have received had such Assignment of Mortgage been recorded.

     

    In
      connection with the assignment of any Mortgage Loan registered on the MERS
      System, the Depositor further agrees that it will cause, within 30 Business
      Days
      after the Closing Date, the MERS System to indicate that such Mortgage Loans
      have been assigned by the Depositor to the Trustee in accordance with this
      Agreement for the benefit of the Certificateholders by including 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 Servicer
      to,
      and the Servicer agrees that it will not and will not permit a Sub-Servicer
      to,
      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.

     

    With
      respect to a maximum of 5.00% of the Original Mortgage Loans, by outstanding
      principal balance of the Original Mortgage Loans as of the Cut-off Date, if
      any
      original Mortgage Note referred to in (i) above cannot be located, the
      obligations of the Depositor to deliver such documents shall be deemed to be
      satisfied upon delivery to the Trustee (or the Custodian on behalf of the
      Trustee) of a photocopy of such Mortgage Note, if available, with a lost note
      affidavit. If any of the original Mortgage Notes for which a lost note affidavit
      was delivered to the Trustee (or the Custodian on behalf of the Trustee) is
      subsequently located, such original Mortgage Note shall be delivered to the
      Trustee (or the Custodian on behalf of the Trustee) within three Business
      Days.

     

    The
      Depositor shall deliver or cause to be delivered to the Trustee (or the
      Custodian on behalf of the Trustee) promptly upon receipt thereof any other
      original documents constituting a part of a Mortgage File received with respect
      to any Mortgage Loan, including, but not limited to, any original documents
      evidencing an assumption, modification, consolidation or extension of any
      Mortgage Loan.

     

    All
      original documents relating to the Mortgage Loans that are not delivered to
      the
      Trustee (or the Custodian on behalf of the Trustee) are and shall be held by
      or
      on behalf of the Sponsor, the Depositor or the Servicer, as the case may be,
      in
      trust for the benefit of the Trustee on behalf of the Certificateholders. In
      the
      event that any such original document is required pursuant to the terms of
      this
      Section to be a part of a Mortgage File, such document shall be delivered
      promptly to the Trustee (or the Custodian on behalf of the Trustee). Any such
      original document delivered to or held by the Depositor that is not required
      pursuant to the terms of this Section to be a part of a Mortgage File, shall
      be
      delivered promptly to the Servicer.

     

    Wherever
      it is provided in this Section 2.01 that any document, evidence or information
      relating to a Mortgage Loan be delivered or supplied to the Trustee, the
      Depositor shall do so by delivery thereof to the Trustee or the Custodian on
      behalf of the Trustee.

     

    The
      Depositor and the Trustee hereto understand and agree that it is not intended
      that any Mortgage Loan be included in the Trust that is a high-cost home loan
      as
      defined by the Homeownership and Equity Protection Act of 1994 or any other
      applicable predatory or abusive lending laws.

     

    
      	
              SECTION
                2.02  

            	
              Acceptance
                of the Trust Fund by the Trustee.

            

    

     

    Subject
      to the provisions of Section 2.01 and subject to any exceptions noted on an
      exception report delivered by or on behalf of the Trustee, the Trustee
      acknowledges receipt of the documents referred to in Section 2.01 (other than
      such documents described in Section 2.01(iv)) 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 File, and that it holds or will hold all such assets and such other
      assets included in the definition of “Trust Fund” in trust for the exclusive use
      and benefit of all present and future Certificateholders.

     

    The
      Trustee, by execution and delivery hereof, acknowledges receipt, subject to
      the
      review described in the succeeding sentence, of the documents and other property
      referred to in Section 2.01 and declares that the Trustee (or the Custodian
      on
      behalf of the Trustee) holds and will hold such documents and other property,
      including property yet to be received in the Trust Fund, in trust, upon the
      trusts herein set forth, for the benefit of all present and future
      Certificateholders. The Trustee or the Custodian on its behalf shall, for the
      benefit of the Trustee and the Certificateholders, review each Mortgage File
      within 90 days after execution and delivery of this Agreement, to ascertain
      that
      all required documents have been executed, received and recorded, if applicable,
      and that such documents relate to the Mortgage Loans. If in the course of such
      review the Trustee or the Custodian on its behalf finds a document or documents
      constituting a part of a Mortgage File to be defective in any material respect,
      the Trustee or the Custodian on its behalf shall promptly so notify the
      Depositor, the Trust Administrator, the Sponsor, the Servicer and, if such
      notice is from the Custodian on the Trustee’s behalf, the Trustee. In addition,
      upon the discovery by the Depositor, the Servicer, the Trust Administrator
      or
      the Trustee of a breach of any of the representations and warranties made by
      the
      Sponsor in the Mortgage Loan Purchase Agreement in respect of any Mortgage
      Loan
      which materially adversely affects such Mortgage Loan or the interests of the
      related Certificateholders in such Mortgage Loan, the party discovering such
      breach shall give prompt written notice to the other parties.

     

    The
      Depositor and the Trustee intend that the assignment and transfer herein
      contemplated constitute a sale of the Mortgage Loans, the related Mortgage
      Notes
      and the related documents, conveying good title thereto free and clear of any
      liens and encumbrances, from the Depositor to the Trustee in trust for the
      benefit of the Certificateholders and that such property not be part of the
      Depositor’s estate or property of the Depositor in the event of any insolvency
      by the Depositor. In the event that such conveyance is deemed to be, or to
      be
      made as security for, a loan, the parties intend that the Depositor shall be
      deemed to have granted and does hereby grant to the Trustee a first priority
      perfected security interest in all of the Depositor’s right, title and interest
      in and to the Mortgage Loans, the related Mortgage Notes and the related
      documents, and that this Agreement shall constitute a security agreement under
      applicable law.

     

    The
      Trustee may, concurrently with the execution and delivery hereof or at any
      time
      thereafter, enter into a custodial agreement with the Custodian pursuant to
      which the Trustee appoints the Custodian to hold the Mortgage Files on behalf
      of
      the Trustee for the benefit of the Trustee and all present and future
      Certificateholders, which may provide that the Custodian shall, on behalf of
      the
      Trustee, conduct the review of each Mortgage File required under the first
      paragraph of this Section 2.02.  Initially, Citibank, N.A. is
      appointed as Custodian with respect to the Mortgage Files of all the Mortgage
      Loans and, notwithstanding anything to the contrary herein, it is understood
      that such initial Custodian shall be responsible for the review contemplated
      in
      the second paragraph of this Section 2.02 and for all other functions relating
      to the receipt, review, reporting and certification provided for herein with
      respect to the Mortgage Files (other than ownership thereof for the benefit
      of
      the Certificateholders and related duties and obligations set forth
      herein).

     

    
      	
              SECTION
                2.03  

            	
              Repurchase
                or Substitution of Mortgage Loans by the Sponsor or the
                Depositor.

            

    

     

    (a)  Upon
      discovery or receipt of notice by the Depositor, the Servicer, the Master
      Servicer, the Trust Administrator or the Trustee of any materially defective
      document in, or that a document is missing from, a Mortgage File or of the
      breach by the Sponsor of any representation, warranty or covenant under the
      Mortgage Loan Purchase Agreement in respect of any Mortgage Loan which
      materially adversely affects the value of such Mortgage Loan or the interest
      therein of the Certificateholders, the party so discovering or receiving notice
      shall promptly notify the other parties to this Agreement, and the Trustee
      thereupon shall promptly notify the Sponsor of such defect, missing document
      or
      breach and request that the Sponsor deliver such missing document or cure such
      defect or that the Sponsor cure such breach within 90 days from the date the
      Sponsor was notified of such missing document, defect or breach, and if the
      Sponsor does not deliver such missing document or cure such defect or breach
      in
      all material respects during such period, the Trustee shall enforce the
      obligations of the Sponsor under the Mortgage Loan Purchase Agreement (i) to
      repurchase such Mortgage Loan from REMIC I at the Purchase Price within 90
      days
      after the date on which the Sponsor was notified (subject to Section 2.03(e))
      of
      such missing document, defect or breach, and (ii) to indemnify the Trust Fund
      in
      respect of such missing document, defect or breach, in the case of each of
      (i)
      and (ii), if and to the extent that the Sponsor is obligated to do so under
      the
      Mortgage Loan Purchase Agreement. The Purchase Price for the repurchased
      Mortgage Loan and any indemnification shall be remitted by the Sponsor to the
      Servicer for deposit into the Collection Account, and the Servicer shall give
      written notice to the Trustee and the Custodian that such deposit has taken
      place and the Trustee shall release (or cause the Custodian to release on its
      behalf) to the Sponsor the related Mortgage File, and the Trustee shall execute
      and deliver such instruments of transfer or assignment, in each case without
      recourse, as the Sponsor shall furnish to it and as shall be necessary to vest
      in the Sponsor any Mortgage Loan released pursuant hereto, and the Trustee
      and
      the Trust Administrator shall have no further responsibility with regard to
      such
      Mortgage File. In furtherance of the foregoing, if the Sponsor is not a member
      of MERS and repurchases a Mortgage Loan which is registered on the MERS System,
      the Sponsor pursuant to the Mortgage Loan Purchase Agreement, 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.  In lieu of repurchasing any such Mortgage Loan as
      provided above, if so provided in the Mortgage Loan Purchase Agreement, the
      Sponsor may cause such Mortgage Loan to be removed from REMIC I (in which case
      it shall become a Deleted Mortgage Loan) and substitute one or more Qualified
      Substitute Mortgage Loans in the manner and subject to the limitations set
      forth
      in Section 2.03(d).  It is understood and agreed that the obligation
      of the Sponsor to cure or to repurchase (or to substitute for) any Mortgage
      Loan
      as to which a document is missing, a material defect in a constituent document
      exists or as to which such a breach has occurred and is continuing, and if
      and
      to the extent provided in the Mortgage Loan Purchase Agreement to perform any
      applicable indemnification obligations with respect to any such omission, defect
      or breach, as provided in such Mortgage Loan Purchase Agreement, shall
      constitute the only remedies respecting such omission, defect or breach
      available to the Trustee or the Trust Administrator on behalf of the
      Certificateholders.

     

    (b)  Notwithstanding
      anything to the contrary in this Section 2.03, with respect to any breach by
      the
      Sponsor of any representation and warranty which breach materially and adversely
      affects the value of any Prepayment Charge or the interests of the
      Certificateholders therein, the Trustee shall enforce the obligation of the
      Sponsor to remedy such breach as provided in the Mortgage Loan Purchase
      Agreement as follows: upon any Principal Prepayment with respect to the affected
      Mortgage Loan, the Sponsor shall pay or cause to be paid to the Depositor the
      excess, if any, of (x) the amount of such Prepayment Charge calculated as set
      forth in the Mortgage Loan Schedule and (y) the amount collected from the
      Mortgagor in respect of such Prepayment Charge.

     

    (c)  Within
      90
      days of the earlier of discovery by the Servicer or notice to the Servicer
      by
      any other party hereto or receipt of notice by the Depositor and the Servicer
      of
      the breach of any representation, warranty or covenant of the Servicer set
      forth
      in Section 2.05 which materially and adversely affects the interests of the
      Certificateholders in any Mortgage Loan, the Servicer shall cure such breach
      in
      all material respects.

     

    (d)  Any
      substitution of Qualified Substitute Mortgage Loans for Deleted Mortgage Loans
      made pursuant to Section 2.03(a) must be effected prior to the date which is
      two
      years after the Startup Day for REMIC I.

     

    As
      to any
      Deleted Mortgage Loan for which the Sponsor substitutes a Qualified Substitute
      Mortgage Loan or Loans, such substitution shall be effected by the Sponsor
      delivering to the Trustee (or to the Custodian on behalf of the Trustee, as
      applicable), for such Qualified Substitute Mortgage Loan or Loans, the Mortgage
      Note, the Mortgage, the Assignment in blank or to the Trustee, and such other
      documents and agreements, with all necessary endorsements thereon, as are
      required by Section 2.01, together with an Officers’ Certificate providing that
      each such Qualified Substitute Mortgage Loan satisfies the definition thereof
      and specifying the Substitution Shortfall Amount (as described below), if any,
      in connection with such substitution.  The Custodian on its behalf and
      on behalf of the Trustee shall, for the benefit of the Certificateholders,
      review each Mortgage File within 90 days after execution and delivery of this
      Agreement, to ascertain that all required documents have been executed, received
      and recorded, if applicable, and that such documents relate to the Mortgage
      Loans.  If in the course of such review the Trustee or the Custodian
      on its behalf finds a document or documents constituting a part of a Mortgage
      File to be defective in any material respect, the Trustee or the Custodian
      on
      its behalf shall promptly so notify the Depositor, the Trust Administrator,
      the
      Master Servicer, the Sponsor and the Servicer.  Monthly Payments due
      with respect to Qualified Substitute Mortgage Loans in the month of substitution
      are not part of the Trust Fund and will be retained by the
      Sponsor.  For the month of substitution, distributions to
      Certificateholders will reflect the Monthly Payment due on such Deleted Mortgage
      Loan on or before the Due Date in the month of substitution, and the Sponsor
      shall thereafter be entitled to retain all amounts subsequently received in
      respect of such Deleted Mortgage Loan. The Depositor shall give or cause to
      be
      given written notice to the Trustee and the Certificateholders that such
      substitution has taken place, and the Depositor shall amend or cause the
      Custodian to amend the Mortgage Loan Schedule to reflect the removal of such
      Deleted Mortgage Loan from the terms of this Agreement and the substitution
      of
      the Qualified Substitute Mortgage Loan or Loans and, upon receipt thereof, shall
      deliver a copy of such amended Mortgage Loan Schedule to the
      Servicer.  Upon such substitution, such Qualified Substitute Mortgage
      Loan or Loans shall constitute part of the Mortgage Pool and shall be subject
      in
      all respects to the terms of this Agreement and the Mortgage Loan Purchase
      Agreement (including all applicable representations and warranties thereof
      included in such Mortgage Loan Purchase Agreement), in each case as of the
      date
      of substitution.

     

    For
      any
      month in which the Sponsor substitutes one or more Qualified Substitute Mortgage
      Loans for one or more Deleted Mortgage Loans, the Servicer will determine the
      amount (the “Substitution Shortfall Amount”), if any, by which the aggregate
      Purchase Price of all such Deleted Mortgage Loans exceeds the aggregate of,
      as
      to each such Qualified Substitute Mortgage Loan, the Scheduled Principal Balance
      thereof as of the date of substitution, together with one month’s interest on
      such Scheduled Principal Balance at the applicable Mortgage Loan Remittance
      Rate.  On the date of such substitution, the Trustee will monitor the
      obligation of the Sponsor to deliver or cause to be delivered, and shall request
      that such delivery be to the Servicer for deposit in the Collection Account,
      an
      amount equal to the Substitution Shortfall Amount, if any, and the Trustee
      (or
      the Custodian on behalf of the Trustee, as applicable), upon receipt of the
      related Qualified Substitute Mortgage Loan or Loans and written notice given
      by
      the Servicer of such deposit, shall release to the Sponsor the related Mortgage
      File or Files and the Trustee shall execute and deliver such instruments of
      transfer or assignment, in each case without recourse, as the Sponsor shall
      deliver to it and as shall be necessary to vest therein any Deleted Mortgage
      Loan released pursuant hereto.

     

    In
      addition, the Sponsor shall obtain at its own expense and deliver to the Trustee
      and the Trust Administrator an Opinion of Counsel to the effect that such
      substitution will not cause (a) any federal tax to be imposed on any Trust
      REMIC, 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 Trust REMIC
      to fail to qualify as a REMIC at any time that any Certificate is
      outstanding.  If such Opinion of Counsel cannot be delivered, then
      such substitution may only be effected at such time as the required Opinion
      of
      Counsel can be given.

     

    (e)  Upon
      discovery by the Depositor, the Servicer, the Master Servicer, the Trust
      Administrator or the Trustee that any Mortgage Loan does not constitute a
“qualified mortgage” within the meaning of Section 860G(a)(3) of the Code, the
      party discovering such fact shall within two Business Days give written notice
      thereof to the other parties to this Agreement, and the Trustee shall give
      written notice thereof to the Sponsor.  In connection therewith, the
      Sponsor pursuant to the Mortgage Loan Purchase Agreement, or the Depositor
      pursuant to this Agreement shall repurchase or, subject to the limitations
      set
      forth in Section 2.03(d), substitute one or more Qualified Substitute Mortgage
      Loans for the affected Mortgage Loan within 90 days of the earlier of discovery
      or receipt of such notice with respect to such affected Mortgage
      Loan.  Such repurchase or substitution shall be made by (i) the
      Sponsor, if the affected Mortgage Loan’s status as a non-qualified mortgage is
      or results from a breach of any representation, warranty or covenant made by
      the
      Sponsor under the Mortgage Loan Purchase Agreement or (ii) the Depositor, if
      the
      affected Mortgage Loan’s status as a non-qualified mortgage is a breach of no
      representation or warranty.  Any such repurchase or substitution shall
      be made in the same manner as set forth in Sections 2.03(a).  The
      Trustee shall reconvey to the Depositor or the Sponsor, as the case may be,
      the
      Mortgage Loan to be released pursuant hereto in the same manner, and on the
      same
      terms and conditions, as it would a Mortgage Loan repurchased by the Sponsor
      for
      breach of a representation or warranty.

     

    
      	
              SECTION
                2.04  

            	
              [Reserved].

            

    

     

    
      	
              SECTION
                2.05  

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

            

    

     

    (a)  The
      Servicer hereby represents, warrants and covenants to the Master Servicer,
      the
      Trust Administrator and the Trustee, for the benefit of each of the Trustee,
      the
      Master Servicer, the Trust Administrator, the Certificateholders and to the
      Depositor that as of the Closing Date or as of such date specifically provided
      herein:

     

    (i)  The
      Servicer is duly organized, validly existing, and in good standing under the
      laws of the jurisdiction of its formation and is duly authorized and qualified
      to transact any and all business contemplated by this Agreement to be conducted
      by the Servicer in any state in which a Mortgaged Property is located or is
      otherwise not required under applicable law to effect such qualification and,
      in
      any event, is in compliance with the doing business laws of any such State,
      to
      the extent necessary to ensure its ability to enforce each Mortgage Loan and
      to
      service the Mortgage Loans in accordance with the terms of this
      Agreement;

     

    (ii)  The
      Servicer has the full power and authority to service each Mortgage Loan, and
      to
      execute, deliver and perform, and to enter into and consummate the transactions
      contemplated by this Agreement and has duly authorized by all necessary action
      on the part of the Servicer the execution, delivery and performance of this
      Agreement; and this Agreement, assuming the due authorization, execution and
      delivery thereof by the other parties hereto, constitutes a legal, valid and
      binding obligation of the Servicer, enforceable against the Servicer in
      accordance with its terms, except to the extent that (a) the enforceability
      thereof may be limited by bankruptcy, insolvency, moratorium, receivership
      and
      other similar laws relating to creditors’ rights generally and (b) the remedy of
      specific performance and injunctive and other forms of equitable relief may
      be
      subject to the equitable defenses and to the discretion of the court before
      which any proceeding therefor may be brought;

     

    (iii)  The
      execution and delivery of this Agreement by the Servicer, the servicing of
      the
      Mortgage Loans by the Servicer hereunder, the consummation of any other of
      the
      transactions herein contemplated, and the fulfillment of or compliance with
      the
      terms hereof are in the ordinary course of business of the Servicer and will
      not
      (A) result in a breach of any term or provision of the charter or by-laws of
      the
      Servicer or (B) conflict with, result in a breach, violation or acceleration
      of,
      or result in a default under, the terms of any other material agreement or
      instrument to which the Servicer is a party or by which it may be bound, or
      any
      statute, order or regulation applicable to the Servicer of any court, regulatory
      body, administrative agency or governmental body having jurisdiction over the
      Servicer; and the Servicer is not a party to, bound by, or in breach or
      violation of any indenture or other agreement or instrument, or subject to
      or in
      violation of any statute, order or regulation of any court, regulatory body,
      administrative agency or governmental body having jurisdiction over it, which
      materially and adversely affects or, to the Servicer’s knowledge, would in the
      future materially and adversely affect, (x) the ability of the Servicer to
      perform its obligations under this Agreement or (y) the business, operations,
      financial condition, properties or assets of the Servicer taken as a
      whole;

     

    (iv)  The
      Servicer is an approved seller/servicer for Fannie Mae or Freddie Mac in good
      standing;

     

    (v)  Except
      as
      disclosed in the Prospectus Supplement, no litigation is pending against the
      Servicer that would materially and adversely affect the execution, delivery
      or
      enforceability of this Agreement or the ability of the Servicer to service
      the
      Mortgage Loans or to perform any of its other obligations hereunder in
      accordance with the terms hereof;

     

    (vi)  No
      consent, approval, authorization or order of any court or governmental agency
      or
      body is required for the execution, delivery and performance by the Servicer
      of,
      or compliance by the Servicer with, this Agreement or the consummation of the
      transactions contemplated by this Agreement, except for such consents,
      approvals, authorizations or orders, if any, that have been obtained prior
      to
      the Closing Date;

     

    (vii)  The
      Servicer has fully furnished and will continue to fully furnish, in accordance
      with the Fair Credit Reporting Act and its implementing regulations, accurate
      and complete information (e.g., favorable and unfavorable) on its borrower
      credit files to Equifax, Experian and Trans Union Credit Information Company
      or
      their successors (the “Credit Repositories”) in a timely manner;
      and

     

    (viii)  The
      Servicer (or a Sub-Servicer servicing the Mortgage Loans on its behalf) is
      a
      member of MERS in good standing, and will comply in all material respects with
      the rules and procedures of MERS in connection with the servicing of the
      Mortgage Loans that are registered with MERS.

     

    It
      is
      understood and agreed that the representations, warranties and covenants set
      forth in this Section 2.05(a) shall survive delivery of the Mortgage Files
      to
      the Trustee or to the Custodian on its behalf and shall inure to the benefit
      of
      the Trustee, the Trust Administrator, the Master Servicer, the Depositor and
      the
      Certificateholders.  Upon discovery by any of the Depositor, the
      Servicer, the Master Servicer, the Trust Administrator or the Trustee of a
      breach of any of the foregoing representations, warranties and covenants which
      materially and adversely affects the value of any Mortgage Loan or the interests
      therein of the Certificateholders, the party discovering such breach shall
      give
      prompt written notice to the Trustee and the Trust Administrator. Subject to
      Section 7.01, the obligation of the Servicer set forth in Section 2.03(c) to
      cure breaches shall constitute the sole remedies against the Servicer available
      to the Certificateholders, the Depositor, the Trust Administrator, the Master
      Servicer or the Trustee on behalf of the Certificateholders respecting a breach
      of the representations, warranties and covenants contained in this Section
      2.05.

     

    (b)  The
      Master Servicer hereby represents, warrants and covenants to the Trust
      Administrator and the Trustee, for the benefit of each of the Trustee, the
      Trust
      Administrator, the Certificateholders and to the Depositor that as of the
      Closing Date or as of such date specifically provided herein:

     

    (i)  The
      Master Servicer is a national banking association duly formed, validly existing
      and in good standing under the laws of the United States of America and is
      duly
      authorized and qualified to transact any and all business contemplated by this
      Agreement to be conducted by the Master Servicer;

     

    (ii)  The
      Master Servicer has the full power and authority to conduct its business as
      presently conducted by it and to execute, deliver and perform, and to enter
      into
      and consummate, all transactions contemplated by this Agreement. The Master
      Servicer has duly authorized the execution, delivery and performance of this
      Agreement, has duly executed and delivered this Agreement, and this Agreement,
      assuming due authorization, execution and delivery by the Depositor and the
      Trustee, constitutes a legal, valid and binding obligation of the Master
      Servicer, enforceable against it in accordance with its terms except as the
      enforceability thereof may be limited by bankruptcy, insolvency, reorganization
      or similar laws affecting the enforcement of creditors’ rights generally and by
      general principles of equity;

     

    (iii)  The
      execution and delivery of this Agreement by the Master Servicer, the
      consummation by the Master Servicer of any other of the transactions herein
      contemplated, and the fulfillment of or compliance with the terms hereof are
      in
      the ordinary course of business of the Master Servicer and will not (A) result
      in a breach of any term or provision of charter and by-laws of the Master
      Servicer or (B) conflict with, result in a breach, violation or acceleration
      of,
      or result in a default under, the terms of any other material agreement or
      instrument to which the Master Servicer is a party or by which it may be bound,
      or any statute, order or regulation applicable to the Master Servicer of any
      court, regulatory body, administrative agency or governmental body having
      jurisdiction over the Master Servicer; and the Master Servicer is not a party
      to, bound by, or in breach or violation of any indenture or other agreement
      or
      instrument, or subject to or in violation of any statute, order or regulation
      of
      any court, regulatory body, administrative agency or governmental body having
      jurisdiction over it, which materially and adversely affects or, to the Master
      Servicer’s knowledge, would in the future materially and adversely affect, the
      ability of the Master Servicer to perform its obligations under this
      Agreement;

     

    (iv)  The
      Master Servicer or an Affiliate thereof is an approved seller/servicer for
      Fannie Mae or Freddie Mac in good standing and is a HUD approved mortgagee
      pursuant to Section 203 of the National Housing Act;

     

    (v)  The
      Master Servicer does not believe, nor does it have any reason or cause to
      believe, that it cannot perform each and every covenant made by it and contained
      in this Agreement;

     

    (vi)  No
      litigation is pending against the Master Servicer that would materially and
      adversely affect the execution, delivery or enforceability of this Agreement
      or
      the ability of the Master Servicer to perform any of its other obligations
      hereunder in accordance with the terms hereof,

     

    (vii)  There
      are
      no actions or proceedings against, or investigations known to it of, the Master
      Servicer before any court, administrative or other tribunal (A) that might
      prohibit its entering into this Agreement, (B) seeking to prevent the
      consummation of the transactions contemplated by this Agreement or (C) that
      might prohibit or materially and adversely affect the performance by the Master
      Servicer of its obligations under, or validity or enforceability of, this
      Agreement; and

     

    (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 or orders, if any, that have been obtained
      prior to the Closing Date.

     

    It
      is
      understood and agreed that the representations, warranties and covenants set
      forth in this Section 2.05(b) shall survive delivery of the Mortgage Files
      to
      the Trustee or to the Custodian on its behalf and shall inure to the benefit
      of
      the Trustee, the Servicer, the Trust Administrator, the Depositor and the
      Certificateholders. Upon discovery by any of the Depositor, the Servicer, the
      Master Servicer, the Trust Administrator or the Trustee of a breach of any
      of
      the foregoing representations, warranties and covenants which materially and
      adversely affects the value of any Mortgage Loan or the interests therein of
      the
      Certificateholders, the party discovering such breach shall give prompt written
      notice (but in no event later than two Business Days following such discovery)
      to the Trustee and the Trust Administrator. Subject to Section 7.01, the
      obligation of the Master Servicer set forth in Section 2.03(c) to cure breaches
      shall constitute the sole remedies against the Master Servicer available to
      the
      Certificateholders, the Depositor, the Trust Administrator or the Trustee on
      behalf of the Certificateholders respecting a breach of the representations,
      warranties and covenants contained in this Section 2.05.

     

    
      	
              SECTION
                2.06  

            	
              Issuance
                of the Certificates.

            

    

     

    The
      Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery
      to it or to the Custodian on its behalf of the Mortgage Files, subject to the
      provisions of Section 2.01 and Section 2.02, together with the assignment to
      it
      of all other assets included in REMIC I delivered on the date hereof, receipt
      of
      which is hereby acknowledged. Concurrently with such assignment and delivery
      of
      such assets delivered on the date hereof and in exchange therefor, the Trust
      Administrator, 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 (other than the Class CE-1 Certificates,
      the Class CE-2 Certificates, the Class P Certificates and the Class R-X
      Certificates), the Class CE-1 Interest, the Class CE-2 Interest and the Class
      P
      Interest constitute the entire beneficial ownership interest in REMIC
      III.

     

    
      	
              SECTION
                2.07  

            	
              Authorization
                to Enter into the Interest Rate Cap Agreement and the Interest Rate
                Swap
                Agreement.

            

    

     

    (a)  The
      Trust
      Administrator, not in its individual capacity but solely in its separate
      capacity as Cap Trustee, is hereby directed by the Depositor to exercise the
      rights, perform the obligations, and make any representations to be exercised,
      performed, or made by the Cap Trustee, as described in the Interest Rate Cap
      Agreement and as described herein.  The Cap Trustee is hereby directed
      to execute and deliver the Interest Rate Cap Agreement on behalf of Party B
      (as
      defined therein) and to exercise the rights, perform the obligations, and make
      the representations of Party B thereunder, solely in its capacity as Cap Trustee
      on behalf of Party B (as defined therein) and not in its individual
      capacity.  The Depositor, the Servicer and the Certificateholders (by
      acceptance of their Certificates) acknowledge and agree that (i) the Cap Trustee
      shall execute and deliver the Interest Rate Cap Agreement on behalf of Party
      B
      (as defined therein), (ii) the Cap Trustee shall exercise the rights, perform
      the obligations, and make the representations of Party B thereunder, solely
      in
      its capacity as Cap Trustee on behalf of Party B (as defined therein) and not
      in
      its individual capacity and (iii) the Trust Administrator on the Cap Trustee’s
      behalf shall also be entitled to exercise the rights and perform the obligations
      of Party B under the Interest Rate Cap Agreement.  Every provision of
      this Agreement relating to the conduct or affecting the liability of or
      affording protection to the Trust Administrator shall apply to the Cap Trustee’s
      execution of the Interest Rate Cap Agreement, and the performance of its duties
      and satisfaction of its obligations thereunder.

     

    (b)  The
      Trust
      Administrator, not in its individual capacity but solely in its separate
      capacity as Supplemental Interest Trust Trustee, is hereby directed by the
      Depositor to exercise the rights, perform the obligations, and make any
      representations to be exercised, performed, or made by the Supplemental Interest
      Trust Trustee, as described herein.  The Supplemental Interest Trust
      Trustee is hereby directed to execute and deliver the Interest Rate Swap
      Agreement on behalf of Party B (as defined therein) and to exercise the rights,
      perform the obligations, and make the representations of Party B thereunder,
      solely in its capacity as Supplemental Interest Trust Trustee on behalf of
      Party
      B (as defined therein) and not in its individual capacity.  The
      Depositor and the Certificateholders (by acceptance of their Certificates)
      acknowledge and agree that (i) the Supplemental Interest Trust Trustee shall
      execute and deliver the Interest Rate Swap Agreement on behalf of Party B (as
      defined therein), (ii) the Supplemental Interest Trust Trustee shall exercise
      the rights, perform the obligations, and make the representations of Party
      B
      thereunder, solely in its capacity as Supplemental Interest Trust Trustee on
      behalf of Party B (as defined therein) and not in its individual capacity and
      (iii) the Trust Administrator on the Supplemental Interest Trust Trustee’s
      behalf shall also be entitled to exercise the rights and obligated to perform
      the obligations of Party B under the Interest Rate Swap
      Agreement.  Every provision of this Agreement relating to the conduct
      or affecting the liability of or affording protection to the Trust Administrator
      shall apply to the Supplemental Interest Trust Trustee’s execution of the
      Interest Rate Swap Agreement, and the performance of its duties and satisfaction
      of its obligations thereunder.

     

    
      	
              SECTION
                2.08  

            	
              Conveyance
                of the REMIC Regular Interests; Acceptance of the Trust REMICs by
                the
                Trustee.

            

    

     

    (a)  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 assets
      described in the definition of REMIC I for the benefit of the holders of the
      REMIC I Regular Interests (which are uncertificated) and the Class R
      Certificates (in respect of the Class R-I Interest). The Trustee (or the
      Custodian on its behalf, as applicable) acknowledges receipt of the assets
      described in the definition of REMIC I and declares that it holds and will
      hold
      the same in trust for the exclusive use and benefit of the holders of the REMIC
      I Regular Interests and the Class R Certificates (in respect of the Class R-I
      Interest). The interests evidenced by the Class R-I Interest, together with
      the
      REMIC I Regular Interests, constitute the entire beneficial ownership interest
      in REMIC I.

     

    (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
      I Regular Interests (which are uncertificated) for the benefit of the Holders
      of
      the REMIC II Regular Interests (which are uncertificated) and the Class R
      Certificates (in respect of the Class R-II Interest). The Trustee acknowledges
      receipt of the REMIC I Regular Interests and declares that it holds and will
      hold the same in trust for the exclusive use and benefit of the Holders of
      the
      REMIC II Regular Interests (which are uncertificated) and the Class R
      Certificates (in respect of the Class R-II Interest). The interests evidenced
      by
      the Class R-II Interest, together with the REMIC II Regular Interests,
      constitute the entire beneficial ownership interest in REMIC II.

     

    (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
      II Regular Interests (which are uncertificated) for the benefit of the Holders
      of the Regular Certificates (other than the Class CE-1 Certificates, the Class
      CE-2 Certificates and the Class P Certificates), the Class CE-1 Interest, the
      Class CE-2 Interest, the Class P Interest and the Class R Certificates (in
      respect of the Class R-III Interest). The Trustee acknowledges receipt of the
      REMIC II Regular Interests and declares that it holds and will hold the same
      in
      trust for the exclusive use and benefit of the Holders of the Regular
      Certificates (other than the Class CE-1 Certificates, the Class CE-2
      Certificates and the Class P Certificates), the Class CE-1 Interest, the Class
      CE-2 Interest, the Class P Interest and the Class R Certificates (in respect
      of
      the Class R-III Interest).  The interests evidenced by the Class R-III
      Interest, together with the Regular Certificates, the Class CE-1 Interest,
      the
      Class CE-2 Interest and the Class P Interest, constitute the entire beneficial
      ownership interest in REMIC III.

     

    (d)  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 Class
      CE-1 Interest (which is uncertificated) for the benefit of the Holders of the
      Class CE-1 Certificates and the Class R-X Certificates (in respect of the Class
      R-IV Interest). The Trustee acknowledges receipt of the Class CE-1 Interest
      and
      declares that it holds and will hold the same in trust for the exclusive use
      and
      benefit of the Holders of the Class CE-1 Certificates and the Class R-X
      Certificates (in respect of the Class R-IV Interest). The interests evidenced
      by
      the Class R-IV Interest, together with the Class CE-1 Certificates, constitute
      the entire beneficial ownership interest in REMIC IV.

     

    (e)  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 Class
      CE-2 Interest (which is uncertificated) for the benefit of the Holders of the
      Class CE-2 Certificates and the Class R-X Certificates (in respect of the Class
      R-V Interest). The Trustee acknowledges receipt of the Class CE-2 Interest
      and
      declares that it holds and will hold the same in trust for the exclusive use
      and
      benefit of the Holders of the Class CE-2 Certificates and the Class R-X
      Certificates (in respect of the Class R-V Interest). The interests evidenced
      by
      the Class R-V Interest, together with the Class CE-2 Certificates, constitute
      the entire beneficial ownership interest in REMIC V.

     

    (f)  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 Class
      P Interest (which is uncertificated) for the benefit of the Holders of the
      Class
      P Certificates and the Class R-X Certificates (in respect of the Class R-VI
      Interest). The Trustee acknowledges receipt of the Class P Interest and declares
      that it holds and will hold the same in trust for the exclusive use and benefit
      of the Holders of the Class P Certificates and the Class R-X Certificates (in
      respect of the Class R-VI Interest). The interests evidenced by the Class R-VI
      Interest, together with the Class P Certificates, constitute the entire
      beneficial ownership interest in REMIC VI.

     

    (g)  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 Class
      IO Interest (which is uncertificated) for the benefit of the Holders of REMIC
      VII Regular Interest SWAP IO (which is uncertificated) and the Class R-X
      Certificates (in respect of the Class R-VII Interest). The Trustee acknowledges
      receipt of the Class IO Interest and declares that it holds and will hold the
      same in trust for the exclusive use and benefit of the Holders of REMIC VII
      Regular Interest SWAP IO and the Class R-X Certificates (in respect of the
      Class
      R-VII Interest). The interests evidenced by the Class R-VI Interest, together
      with REMIC VII Regular Interest SWAP IO, constitute the entire beneficial
      ownership interest in REMIC VII.

     

    (h)  Concurrently
      with (i) the assignment and delivery to the Trustee of REMIC I and the
      acceptance by the Trustee thereof, pursuant to Section 2.01, Section 2.02 and
      subsection (a) hereof, (ii) the assignment and delivery to the Trustee of REMIC
      II (including the Residual Interest therein represented by the Class R-II
      Interest) and the acceptance by the Trustee thereof, pursuant to Section 2.01,
      Section 2.02 and subsection (b) hereof, (iii) the assignment and delivery to
      the
      Trustee of REMIC III (including the Residual Interest therein represented by
      the
      Class R-III Interest) and the acceptance by the Trustee thereof, pursuant to
      Section 2.01, Section 2.02 and subsection (c) hereof, (iv) the assignment and
      delivery to the Trustee of REMIC IV (including the Residual Interest therein
      represented by the Class IV Interest) and the acceptance by the Trustee thereof,
      pursuant to Section 2.01, Section 2.02 and subsection (d) hereof, (v) the
      assignment and delivery to the Trustee of REMIC V (including the Residual
      Interest therein represented by the Class V Interest) and the acceptance by
      the
      Trustee thereof, pursuant to Section 2.01, Section 2.02 and subsection (e)
      hereof, (vi) the assignment and delivery to the Trustee of REMIC VI (including
      the Residual Interest therein represented by the Class VI Interest) and the
      acceptance by the Trustee thereof, pursuant to Section 2.01, Section 2.02 and
      subsection (f) hereof and (vii) the assignment and delivery to the Trustee
      of
      REMIC VII (including the Residual Interest therein represented by the Class
      VII
      Interest) and the acceptance by the Trustee thereof, pursuant to Section 2.01,
      Section 2.02 and subsection (g) hereof, the Trust Administrator on behalf of
      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, (A) the Class R Certificates in authorized denominations
      evidencing the Class R-I Interest, the Class R-II Interest and the Class R-III
      Interest and (B) the Class R-X Certificates in authorized denominations
      evidencing the Class R-III Interest, the Class R-IV Interest, the Class R-V
      Interest, the Class R-VI Interest and the Class R-VII Interest.

     

    ARTICLE
      III

     

    ADMINISTRATION
      AND SERVICING

    OF
      THE
      MORTGAGE LOANS

     

    
      	
              SECTION
                3.01  

            	
              Servicer
                to Act as Servicer.

            

    

     

    The
      Servicer shall service and administer the Mortgage Loans on behalf of the Trust
      Fund and in the best interests of and for the benefit of the Certificateholders
      (as determined by the Servicer in its reasonable judgment) in accordance with
      the terms of this Agreement and the respective Mortgage Loans and, to the extent
      consistent with such terms, in the same manner in which it services and
      administers similar mortgage loans for its own portfolio, giving due
      consideration to customary and usual standards of practice of prudent mortgage
      lenders and loan servicers administering similar mortgage loans but without
      regard to:

     

    (i)  any
      relationship that the Servicer, any Sub-Servicer or any Affiliate of the
      Servicer or any Sub-Servicer may have with the related Mortgagor;

     

    (ii)  the
      ownership of any Certificate by the Servicer or any Affiliate of the
      Servicer;

     

    (iii)  the
      Servicer’s obligation to make P&I Advances or Servicing Advances;
      or

     

    (iv)  the
      Servicer’s or any Sub-Servicer’s right to receive compensation for its services
      hereunder or with respect to any particular transaction.

     

    To
      the
      extent consistent with the foregoing, the Servicer (a) shall seek the timely
      and
      complete recovery of principal and interest on the Mortgage Notes and (b) shall
      waive (or permit a Sub-Servicer to waive) a Prepayment Charge only under the
      following circumstances: (i) (a) such waiver is standard and customary in
      servicing similar Mortgage Loans and such waiver relates to a default or a
      reasonably foreseeable default and would, in the reasonable judgment of the
      Servicer, maximize recovery of total proceeds taking into account the value
      of
      such Prepayment Charge and the related Mortgage Loan or (b) the enforceability
      thereof shall have been limited by bankruptcy, insolvency, moratorium,
      receivership and other similar laws relating to creditors’ rights generally or
      the collectability thereof shall have been limited due to acceleration in
      connection with a foreclosure or other involuntary payment, (ii) the collection
      of such Prepayment Charge would be in violation of applicable laws, (iii) the
      amount of the Prepayment Charge set forth on the Prepayment Charge Schedule
      is
      not consistent with the related Mortgage Note or is otherwise unenforceable,
      (iv) the Servicer has not received information and documentation sufficient
      to
      confirm the existence or amount of such Prepayment Charge or (v) the collection
      of such Prepayment Charge 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.  If a Prepayment Charge is waived as permitted by
      meeting the standard described in clauses (ii), (iii), (iv) or (v) above and
      a
      representation or warranty regarding such Prepayment Charge has been breached,
      then, the Trustee shall make commercially reasonable efforts to attempt to
      enforce the obligations of the Sponsor under the Mortgage Loan Purchase
      Agreement to pay the amount of such waived Prepayment Charge, for the benefit
      of
      the Holders of the Class P Certificates; provided, however, that the Trustee
      shall not be under any obligation to take any action pursuant to this paragraph
      unless directed by the Depositor and provided, further, the Depositor hereby
      agrees to assist the Trustee in enforcing any obligations of the Sponsor to
      repurchase or substitute for a Mortgage Loan which has breached a representation
      or warranty under the Mortgage Loan Purchase Agreement.  If the
      Sponsor fails to pay the amount of such waived Prepayment Charge in accordance
      with its obligations under the Mortgage Loan Purchase Agreement, the Trustee,
      the Servicer and the Depositor shall consult on further actions to be taken
      against the Sponsor.  If a Prepayment Charge is waived other than in
      accordance with (i) through (v) above, the Servicer shall pay the amount of
      such
      waived Prepayment Charge to the Trust Administrator for deposit in the
      Distribution Account for the benefit of the Holders of the Class P Certificates
      (the “Servicer Prepayment Charge Payment Amount”). 

     

    To
      the
      extent consistent with the foregoing, the Servicer shall also seek to maximize
      the timely and complete recovery of principal and interest on the Mortgage
      Notes.  Subject only to the above-described servicing standards and
      the terms of this Agreement and of the Mortgage Loans, the Servicer shall have
      full power and authority, acting alone or through Sub-Servicers as provided
      in
      Section 3.02, to do or cause to be done any and all things in connection with
      such servicing and administration which it may deem necessary or desirable.
      Without limiting the generality of the foregoing, the Servicer in its own name
      or in the name of a Sub-Servicer is hereby authorized and empowered by the
      Trustee when the Servicer believes it appropriate in its best judgment in
      accordance with the servicing standards set forth above, to execute and deliver,
      on behalf of the Certificateholders and the Trustee, and upon notice to the
      Trustee, 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 the Mortgaged Properties and to institute foreclosure
      proceedings or obtain a deed-in-lieu of foreclosure so as to convert the
      ownership of such properties, and to hold or cause to be held title to such
      properties, on behalf of the Trustee and Certificateholders. The Servicer shall
      service and administer the Mortgage Loans in accordance with applicable state
      and federal law and shall provide to the Mortgagors any reports required to
      be
      provided to them thereby. The Servicer shall also comply in the performance
      of
      this Agreement with all reasonable rules and requirements of any standard hazard
      insurance policy. Subject to Section 3.17, the Trustee shall execute, at the
      written request of the Servicer, and furnish to the Servicer and any
      Sub-Servicer such documents as are necessary or appropriate to enable the
      Servicer or any Sub-Servicer to carry out their servicing and administrative
      duties hereunder, and the Trustee hereby grants to the Servicer a power of
      attorney to carry out such duties. The Trustee shall not be liable for the
      actions of the Servicer or any Sub-Servicers under such powers of
      attorney.

     

    In
      accordance with the standards of the preceding paragraph, the Servicer shall
      advance or cause to be advanced funds as necessary for the purpose of effecting
      the timely payment of taxes and assessments on the Mortgaged Properties, which
      advances shall be Servicing Advances reimbursable in the first instance from
      related collections from the Mortgagors pursuant to Section 3.09, and further
      as
      provided in Section 3.11. Any cost incurred by the Servicer or by Sub-Servicers
      in effecting the timely payment of taxes and assessments on a Mortgaged Property
      shall not, for the purpose of calculating distributions to Certificateholders,
      be added to the unpaid principal balance of the related Mortgage Loan,
      notwithstanding that the terms of such Mortgage Loan so permit; provided,
      however, that (subject to Section 3.07) the Servicer may capitalize the amount
      of any Servicing Advances incurred pursuant to this Section 3.01 in connection
      with the modification of a Mortgage Loan.

     

    The
      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 the
      Sub-Servicer, when the Servicer or the 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 reasonable expenses (i) incurred as a result of
      MERS
      discontinuing or becoming unable to continue operations in connection with
      the
      MERS System or (ii) if the affected Mortgage Loan is in default or, in the
      judgment of the Servicer, such default is reasonably foreseeable, incurred
      in
      connection with the actions described in the preceding sentence, shall be
      subject to withdrawal by the Servicer from the Collection Account.

     

    Notwithstanding
      anything in this Agreement to the contrary, the Servicer may not make any future
      advances with respect to a Mortgage Loan (except as provided in Section 4.03)
      and the Servicer shall not (i) permit any modification with respect to any
      Mortgage Loan (except with respect to a Mortgage Loan that is in default or,
      in
      the judgment of the Servicer, such default is reasonably foreseeable) that
      would
      change the Mortgage Rate, reduce or increase the principal balance (except
      for
      reductions resulting from actual payments of principal) or change the final
      maturity date on such Mortgage Loan or (ii) permit any modification, waiver
      or
      amendment of any term of any Mortgage Loan that would both (A) effect an
      exchange or reissuance of such Mortgage Loan under Section 1001 of the Code
      (or
      final, temporary or proposed Treasury regulations promulgated thereunder) and
      (B) cause any Trust REMIC 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.

     

    The
      Servicer may delegate its responsibilities under this Agreement; provided,
      however, that no such delegation shall release the Servicer from the
      responsibilities or liabilities arising under this Agreement.

     

    The
      Servicer (or a Sub-Servicer servicing the Mortgage Loans on its behalf) has
      fully furnished and will continue to fully furnish, in accordance with the
      Fair
      Credit Reporting Act and its implementing regulations, accurate and complete
      information (e.g., favorable and unfavorable) on its borrower credit files
      to
      Equifax, Experian and Trans Union Credit Information Company or their successors
      on a monthly basis.

     

    Notwithstanding
      anything to the contrary contained in Sections 3.02(b), 3.20,
      3.21, 4.07, 7.01(vi) and 11.11, the obligations of the Backup Servicer
      with respect to Regulation AB (to the extent that it becomes the successor
      servicer) shall be solely as set forth in the Addendum Regulation
      AB.

     

    
      	
              SECTION
                3.02  

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

            

    

     

    (a)  The
      Servicer may enter into Sub-Servicing Agreements (provided that such agreements
      would not result in a withdrawal or a downgrading by the Rating Agencies of
      the
      rating on any Class of Certificates) with Sub-Servicers, for the servicing
      and
      administration of the Mortgage Loans; provided, however, such sub-servicing
      arrangement and the terms of the related Sub-Servicing Agreement must provide
      for the servicing of Mortgage Loans in a manner consistent with the servicing
      arrangement contemplated hereunder.

     

    (b)  Each
      Sub-Servicer shall be (i) 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 (ii) a
      Freddie Mac or Fannie Mae approved mortgage servicer. Each Sub-Servicing
      Agreement must impose on the Sub-Servicer requirements conforming to the
      provisions set forth in Section 3.08, 3.20, 3.21 and 4.07 and provide for
      servicing of the Mortgage Loans consistent with the terms of this Agreement.
      The
      Servicer will examine each Sub-Servicing Agreement and will be familiar with
      the
      terms thereof. The terms of any Sub-Servicing Agreement will not be inconsistent
      with any of the provisions of this Agreement. The Servicer and the Sub-Servicers
      may enter into and make amendments to the Sub-Servicing Agreements or enter
      into
      different forms of Sub-Servicing Agreements; provided, however, that any such
      amendments or different forms shall be consistent with and not violate the
      provisions of this Agreement, and that no such amendment or different form
      shall
      be made or entered into which could be reasonably expected to be materially
      adverse to the interests of the Certificateholders, without the consent of
      the
      Holders of Certificates entitled to at least 66% of the Voting Rights. Any
      variation without the consent of the Holders of Certificates entitled to at
      least 66% of the Voting Rights from the provisions set forth in Section 3.08
      relating to insurance or priority requirements of Sub-Servicing Accounts, or
      credits and charges to the Sub-Servicing Accounts or the timing and amount
      of
      remittances by the Sub-Servicers to the Servicer, are conclusively deemed to
      be
      inconsistent with this Agreement and therefore prohibited. The Servicer shall
      deliver to the Trustee, the Trust Administrator and the Master Servicer copies
      of all Sub-Servicing Agreements, and any amendments or modifications thereof,
      promptly upon the Servicer’s execution and delivery of such
      instruments.

     

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

     

    
      	
              SECTION
                3.03  

            	
              Successor
                Sub-Servicer.

            

    

     

    The
      Servicer shall be entitled to terminate any Sub-Servicing Agreement and the
      rights and obligations of any Sub-Servicer pursuant to any Sub-Servicing
      Agreement in accordance with the terms and conditions of such Sub-Servicing
      Agreement. In the event of termination of any Sub-Servicer, all servicing
      obligations of such Sub-Servicer shall be assumed simultaneously by the Servicer
      without any act or deed on the part of such Sub-Servicer or the Servicer, and
      the 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.

     

    Any
      Sub-Servicing Agreement shall include the provision that such agreement may
      be
      immediately terminated by the Master Servicer without fee, in accordance with
      the terms of this Agreement, in the event that the Servicer shall, for any
      reason, no longer be the Servicer (including termination due to a Servicer
      Event
      of Default).

     

    
      	
              SECTION
                3.04  

            	
              Liability
                of the Servicer.

            

    

     

    The
      Servicer shall be liable in accordance herewith only to the extent of the
      obligations specifically imposed by this Agreement and undertaken hereunder
      by
      the Servicer herein.

     

    Notwithstanding
      any Sub-Servicing Agreement, any of the provisions of this Agreement relating
      to
      agreements or arrangements between the Servicer and a Sub-Servicer or reference
      to actions taken through a Sub-Servicer or otherwise, the Servicer shall remain
      obligated and primarily liable to the Master Servicer, the Trustee and the
      Certificateholders for the servicing and administering of the Mortgage Loans
      in
      accordance with the provisions of Section 3.01 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 Servicer alone
      were servicing and administering the Mortgage Loans. The Servicer shall be
      entitled to enter into any agreement with a Sub-Servicer for indemnification
      of
      the 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-Servicer and Trustee, Trust
                Administrator 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 shall be deemed to be between the Sub-Servicer and the Servicer alone,
      and the Trustee, the Master Servicer, the Trust Administrator and the
      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 Servicer shall be solely liable for
      all
      fees owed by it to any Sub-Servicer, irrespective of whether the Servicer’s
      compensation pursuant to this Agreement is sufficient to pay such
      fees.

     

    
      	
              SECTION
                3.06  

            	
              Assumption
                or Termination of Sub-Servicing Agreements by Successor
                Servicer.

            

    

     

    In
      the
      event the Servicer shall for any reason no longer be the servicer (including
      by
      reason of the occurrence of a Servicer Event of Default), the Successor Servicer
      shall thereupon assume all of the rights and obligations of the Servicer under
      each Sub-Servicing Agreement that the Servicer may have entered into, unless
      the
      Successor Servicer elects to terminate any Sub-Servicing Agreement in accordance
      with its terms as provided in Section 3.03. Upon such assumption, the Successor
      Servicer or the successor servicer for the Successor Servicer appointed pursuant
      to Section 7.02 shall be deemed, subject to Section 3.03, to have assumed all
      of
      the Servicer’s interest therein and to have replaced the Servicer as a party to
      each Sub-Servicing Agreement to the same extent as if each Sub-Servicing
      Agreement had been assigned to the assuming party, except that (i) the Servicer
      shall not thereby be relieved of any liability or obligations under any
      Sub-Servicing Agreement and (ii) none of the Successor Servicer or its designee
      shall be deemed to have assumed any liability or obligation of the Servicer
      that
      arose before it ceased to be the Servicer.

     

    The
      Servicer at its expense shall, upon request of the Master Servicer deliver
      to
      the assuming party all documents and records relating to each Sub-Servicing
      Agreement and the Mortgage Loans then being serviced and an accounting of
      amounts collected and held by or on behalf of it, and otherwise use its best
      efforts to effect the orderly and efficient transfer of the Sub-Servicing
      Agreements to the assuming party.

     

    
      	
              SECTION
                3.07  

            	
              Collection
                of Certain Mortgage Loan Payments.

            

    

     

    The
      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 applicable insurance policies, follow such collection procedures as
      it
      would follow with respect to mortgage loans comparable to the Mortgage Loans
      and
      held for its own account. Consistent with the foregoing and the servicing
      standards set forth in Section 3.01 the Servicer may in its discretion (i)
      waive
      any late payment charge or, if applicable, penalty interest, (ii) waive any
      provision of any Mortgage Loan requiring the related Mortgagor to submit to
      mandatory arbitration with respect to disputes arising thereunder or (iii)
      extend the due dates for Monthly Payments due on a Mortgage Note for a period
      of
      not greater than 180 days; provided that any extension pursuant to clause (iii)
      above shall not affect the amortization schedule of any Mortgage Loan for
      purposes of any computation hereunder, except as provided below. In the event
      of
      any such arrangement pursuant to clause (iii) above, the Servicer shall make
      timely advances on such Mortgage Loan during such extension pursuant to Section
      4.03 and in accordance with the amortization schedule of such Mortgage Loan
      without modification thereof by reason of such arrangements. Notwithstanding
      the
      foregoing, in the event that any Mortgage Loan is in default or, in the judgment
      of the Servicer, such default is reasonably foreseeable, the Servicer,
      consistent with the standards set forth in Section 3.01 may waive, modify or
      vary any term of such Mortgage Loan (including, but not limited to,
      modifications that change the Mortgage Rate, forgive the payment of principal
      or
      interest or extend the final maturity date of such Mortgage Loan), accept
      payment from the related Mortgagor of an amount less than the Stated Principal
      Balance in final satisfaction of such Mortgage Loan (such payment, a “Short
      Pay-off”) or consent to the postponement of strict compliance with any such term
      or otherwise grant indulgence to any Mortgagor, if in the Servicer’s
      determination such waiver, modification, postponement or indulgence is not
      materially adverse to the interests of the Certificateholders (taking into
      account any estimated Realized Loss that might result absent such action);
      provided, however, the Servicer shall not modify any Mortgage Loan in a manner
      that would capitalize the amount of any unpaid Monthly Payments or Servicing
      Advances made by the Servicer on the Mortgagor’s behalf unless the related
      Mortgagor shall have remitted an amount equal to a full Monthly Payment (or,
      in
      the case of any Mortgage Loan subject to a forbearance plan or bankruptcy plan,
      a full modified monthly payment under such plan) in each of the three calendar
      months immediately preceding the month of such modification.

     

    
      	
              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 comply with all
      requirements of this Agreement relating to the Collection Account. The
      Sub-Servicer shall deposit in the Sub-Servicing Account, in no event more than
      two Business Days after the Sub-Servicer’s receipt thereof, all proceeds of
      Mortgage Loans received by the Sub-Servicer less its servicing compensation
      to
      the extent permitted by the Sub-Servicing Agreement. The Sub-Servicer shall
      thereafter remit such proceeds to the Servicer for deposit in the Collection
      Account not later than two Business Days after the deposit of such amounts
      in
      the Sub-Servicing Account.  For purposes of this Agreement, the
      Servicer shall be deemed to have received payments on the Mortgage Loans when
      the Sub-Servicer receives such payments.

     

    
      	
              SECTION
                3.09  

            	
              Collection
                of Taxes and Similar Items; Servicing
                Accounts.

            

    

     

    To
      the
      extent the terms of a Mortgage provide for Escrow Payments, the Servicer shall
      establish and maintain one or more accounts (the “Servicing Accounts”), into
      which all collections from the Mortgagors (or related advances from
      Sub-Servicers) for the payment of taxes, fire, flood, and hazard insurance
      premiums, hazard insurance proceeds (to the extent such amounts are to be
      applied to the restoration or repair of the property) and comparable items
      for
      the account of the Mortgagors (“Escrow Payments”) shall be deposited and
      retained. Servicing Accounts shall be Eligible Accounts. The Servicer shall
      deposit in the Servicing Accounts on a daily basis and in no event later than
      the second Business Day after receipt, and retain therein, all Escrow Payments
      collected on account of the Mortgage Loans, for the purpose of effecting the
      timely payment of any such items as required under the terms of this Agreement.
      Withdrawals of amounts from a Servicing Account may be made only to (i) effect
      timely payment of taxes, fire, flood, and hazard insurance premiums, and
      comparable items; (ii) reimburse the Servicer out of related collections for
      any
      advances made pursuant to Section 3.01 (with respect to taxes and assessments)
      and Section 3.14 (with respect to fire, flood and hazard insurance); (iii)
      refund to Mortgagors any sums as may be determined to be overages; (iv) pay
      interest, if required and as described below, to Mortgagors on balances in
      the
      Servicing Account; or (v) clear and terminate the Servicing Account at the
      termination of the Servicer’s obligations and responsibilities in respect of the
      Mortgage Loans under this Agreement in accordance with Article IX. As part
      of
      its servicing duties, the Servicer shall pay to the Mortgagors interest on
      funds
      in Servicing Accounts, to the extent required by law and, to the extent that
      interest earned on funds in the Servicing Accounts is insufficient, to pay
      such
      interest from its or their own funds, without any reimbursement therefor.
      Notwithstanding the foregoing, the Servicer shall not be obligated to collect
      Escrow Payments if the related Mortgage Loan does not require such payments
      but
      the Servicer shall nevertheless be obligated to make Servicing Advances as
      provided in Section 3.01. In the event the Servicer shall deposit in the
      Servicing Accounts any amount not required to be deposited therein, it may
      at
      any time withdraw such amount from the Servicing Accounts, any provision to
      the
      contrary notwithstanding.

     

    To
      the
      extent that a Mortgage does not provide for Escrow Payments, the Servicer (i)
      shall determine whether any such payments are made by the Mortgagor in a manner
      and at a time that is necessary to avoid the loss of the Mortgaged Property
      due
      to a tax sale or the foreclosure as a result of a tax lien and (ii) shall ensure
      that all insurance required to be maintained on the Mortgaged Property pursuant
      to this Agreement is maintained.  If any such payment has not been
      made and the Servicer receives notice of a tax lien with respect to the Mortgage
      Loan being imposed, the Servicer will, to the extent required to avoid loss
      of
      the Mortgaged Property, advance or cause to be advanced funds necessary to
      discharge such lien on the Mortgaged Property.  The Servicer assumes
      full responsibility for the payment of all such bills and shall effect payments
      of all such bills irrespective of the Mortgagor’s faithful performance in the
      payment of same or the making of the Escrow Payments and shall make Servicing
      Advances from its own funds to effect such payments.

     

    
      	
              SECTION
                3.10  

            	
              Collection
                Account.

            

    

     

    (a)  On
      behalf
      of the Trust Fund, the Servicer shall establish and maintain one or more
      separate, segregated trust accounts (such account or accounts, the “Collection
      Account”), held in trust for the benefit of the Trust Administrator, the Trustee
      and the Certificateholders. On behalf of the Trust Fund, the Servicer shall
      deposit or cause to be deposited in the clearing account (which account must
      be
      an Eligible Account) in which it customarily deposits payments and collections
      on mortgage loans in connection with its mortgage loan servicing activities
      on a
      daily basis, and in no event more than two Business Days after the Servicer’s
      receipt thereof, and shall thereafter deposit in the Collection Account, in
      no
      event more than one Business Day after the deposit of such funds into the
      clearing account, as and when received or as otherwise required hereunder,
      the
      following payments and collections received or made by it from and after the
      Cut-off Date (other than in respect of principal or interest on the related
      Mortgage Loans due on or before the Cut-off Date), or payments (other than
      Principal Prepayments) received by it on or prior to the Cut-off Date but
      allocable to a Due Period subsequent thereto:

     

    (i)  all
      payments on account of principal, including Principal Prepayments (but not
      Prepayment Charges), on the Mortgage Loans;

     

    (ii)  all
      payments on account of interest (net of the related Servicing Fee and any
      Prepayment Interest Excess) on each Mortgage Loan;

     

    (iii)  all
      Insurance Proceeds, Subsequent Recoveries and Liquidation Proceeds (other than
      (a) proceeds to be held in an escrow account and applied to the restoration
      or
      repair of the Mortgaged Property or released to the Mortgagor in accordance
      with
      the terms of this Agreement or (b) proceeds collected in respect of any
      particular REO Property and amounts paid by the Servicer in connection with
      a
      purchase of Mortgage Loans and REO Properties pursuant to Section
      9.01);

     

    (iv)  any
      amounts required to be deposited pursuant to Section 3.12 in connection with
      any
      losses realized on Permitted Investments with respect to funds held in the
      Collection Account;

     

    (v)  any
      amounts required to be deposited by the Servicer pursuant to the second
      paragraph of Section 3.14(a) in respect of any blanket policy
      deductibles;

     

    (vi)  all
      proceeds of any Mortgage Loan repurchased or purchased in accordance with
      Section 2.03 or Section 9.01;

     

    (vii)  all
      amounts required to be deposited in connection with shortfalls in principal
      amount of Qualified Substitute Mortgage Loans pursuant to Section 2.03;
      and

     

    (viii)  all
      Prepayment Charges collected by the Servicer and any Servicer Prepayment Charge
      Payment Amounts in connection with the Principal Prepayment of any of the
      Mortgage Loans.

     

    For
      purposes of the immediately preceding sentence, the Cut-off Date with respect
      to
      any Qualified Substitute Mortgage Loan shall be deemed to be the date of
      substitution.

     

    The
      foregoing requirements for deposit in the Collection Accounts shall be
      exclusive, it being understood and agreed that, without limiting the generality
      of the foregoing, payments in the nature of late payment charges, Prepayment
      Interest Excess or assumption fees (other than Prepayment Charges) need not
      be
      deposited by the Servicer in the Collection Account. In the event the Servicer
      shall deposit in the Collection Account any amount not required to be deposited
      therein, it may at any time withdraw such amount from the Collection Account,
      any provision herein to the contrary notwithstanding.

     

    (b)  The
      Servicer shall deliver to the Trust Administrator in immediately available
      funds
      for deposit in the Distribution Account on or before 3:00 p.m. New York time
      (it
      being understood that such time shall not apply if the Backup Servicer is acting
      as the Successor Servicer) on the Servicer Remittance Date, that portion of
      the
      Available Distribution Amount (calculated without regard to the subtraction
      therefrom of the Backup Servicer Fee or the Credit Risk Manager Fee) for the
      related Distribution Date then on deposit in the Collection Account, the amount
      of all Prepayment Charges collected during the applicable Prepayment Period
      by
      the Servicer and Servicer Prepayment Charge Payment Amounts in connection with
      the Principal Prepayment of any of the Mortgage Loans then on deposit in the
      Collection Account.

     

    (c)  Funds
      in
      the Collection Account may be invested in Permitted Investments in accordance
      with the provisions set forth in Section 3.12. The Servicer shall give notice
      to
      the Trust Administrator (who shall give notice to the Trustee, the Depositor
      and
      the Master Servicer) of the location of the Collection Account maintained by
      it
      when established and prior to any change thereof.

     

    (d)  Funds
      held in the Collection Account at any time may be delivered by the Servicer
      to
      the Trust Administrator for deposit in an account (which may be the Distribution
      Account and must satisfy the standards for the Distribution Account as set
      forth
      in the definition thereof) and for all purposes of this Agreement shall be
      deemed to be a part of the Collection Account; provided, however, that the
      Trust
      Administrator shall have the sole authority to withdraw any funds held pursuant
      to this subsection (d). In the event the Servicer shall deliver to the Trust
      Administrator for deposit in the Distribution Account any amount not required
      to
      be deposited therein, it may at any time request that the Trust Administrator
      withdraw such amount from the Distribution Account and remit to it any such
      amount, any provision herein to the contrary notwithstanding. In addition,
      the
      Servicer shall deliver to the Trust Administrator from time to time for deposit,
      and upon written notification from the Servicer, the Trust Administrator shall
      so deposit, in the Distribution Account:

     

    (i)  any
      P&I Advances, as required pursuant to Section 4.03;

     

    (ii)  any
      amounts required to be deposited pursuant to Section 3.23(d) or (f) in
      connection with any REO Property;

     

    (iii)  any
      amounts to be paid by the Servicer in connection with a purchase of Mortgage
      Loans and REO Properties pursuant to Section 9.01;

     

    (iv)  any
      amounts required to be deposited pursuant to Section 3.24 in connection with
      any
      Prepayment Interest Shortfalls; and

     

    (v)  any
      Stayed Funds, as soon as permitted by the federal bankruptcy court having
      jurisdiction in such matters.

     

    (e)  Promptly
      upon receipt of any Stayed Funds, whether from the Servicer, a trustee in
      bankruptcy, or federal bankruptcy court or other source, the Trust Administrator
      shall deposit such funds in the Distribution Account, subject to withdrawal
      thereof as permitted hereunder.

     

    (f)  The
      Servicer shall deposit in the Collection Account any amounts required to be
      deposited pursuant to Section 3.12(b) in connection with losses realized on
      Permitted Investments with respect to funds held in the Collection
      Account.

     

    
      	
              SECTION
                3.11  

            	
              Withdrawals
                from the Collection Account.

            

    

     

    The
      Servicer shall, from time to time, make withdrawals from the Collection Account
      for any of the following purposes or as described in Section 4.03:

     

    (i)  to
      remit
      to the Trust Administrator for deposit in the Distribution Account the amounts
      required to be so remitted pursuant to Section 3.10(b) or permitted to be so
      remitted pursuant to the first sentence of Section 3.10(d);

     

    (ii)  subject
      to Section 3.16(d), to reimburse the Servicer for P&I Advances, but only to
      the extent of amounts received which represent Late Collections (net of the
      related Servicing Fees) of Monthly Payments on Mortgage Loans with respect
      to
      which such P&I Advances were made in accordance with the provisions of
      Section 4.03;

     

    (iii)  subject
      to Section 3.16(d), to pay the Servicer or any Sub-Servicer (A) any unpaid
      Servicing Fees, (B) any unreimbursed Servicing Advances with respect to each
      Mortgage Loan, but only to the extent of any Liquidation Proceeds, Insurance
      Proceeds or other amounts as may be collected by the Servicer from a Mortgagor,
      or otherwise received with respect to such Mortgage Loan and (C) without
      limiting any right of withdrawal set forth in clause (vi) below, any Servicing
      Advances made with respect to a Mortgage Loan that, following the final
      liquidation of a Mortgage Loan are Nonrecoverable Advances, but only to the
      extent that Late Collections, Liquidation Proceeds and Insurance Proceeds
      received with respect to such Mortgage Loan are insufficient to reimburse the
      Servicer or any Sub-Servicer for such Servicing Advances;

     

    (iv)  to
      pay to
      the Servicer as servicing compensation (in addition to the Servicing Fee) on
      the
      Servicer Remittance Date any interest or investment income earned on funds
      deposited in the Collection Account;

     

    (v)  to
      pay to
      the Servicer, the Depositor or the Sponsor, as the case may be, with respect
      to
      each Mortgage Loan that has previously been purchased or replaced pursuant
      to
      Section 2.03 all amounts received thereon subsequent to the date of purchase
      or
      substitution, as the case may be;

     

    (vi)  to
      reimburse the Servicer for any P&I Advance or Servicing Advance previously
      made which the Servicer has determined to be a Nonrecoverable Advance in
      accordance with the provisions of Section 4.03;

     

    (vii)  to
      reimburse the Servicer, the Master Servicer or the Depositor for expenses
      incurred by or reimbursable to the Servicer, the Master Servicer or the
      Depositor, as the case may be, pursuant to Section 6.03;

     

    (viii)  to
      reimburse the Servicer, the Trust Administrator, the Master Servicer or the
      Trustee, as the case may be, for expenses reasonably incurred in respect of
      the
      breach or defect giving rise to the purchase obligation under Section 2.03
      or
      Section 2.04 of this Agreement that were included in the Purchase Price of
      the
      Mortgage Loan, including any expenses arising out of the enforcement of the
      purchase obligation;

     

    (ix)  to
      pay
      itself any Prepayment Interest Excess (to the extent not otherwise
      retained);

     

    (x)  to
      pay,
      or to reimburse the Servicer for advances in respect of expenses incurred in
      connection with any Mortgage Loan pursuant to Section 3.16(b);

     

    (xi)  to
      clear
      and terminate the Collection Account pursuant to Section 9.01; and

     

    (xii)  to
      withdraw any amounts deposited in the Collection Account in error.

     

    The
      Servicer shall keep and maintain separate accounting, on a Mortgage Loan by
      Mortgage Loan basis, for the purpose of justifying any withdrawal from the
      Collection Account, to the extent held by or on behalf of it, pursuant to
      subclauses (ii), (iii), (iv), (v), (vi), (viii) and (ix) above. The Servicer
      shall provide written notification to the Trustee, the Master Servicer and
      the
      Trust Administrator, on or prior to the next succeeding Servicer Remittance
      Date, upon making any withdrawals from the Collection Account pursuant to
      subclause (vii) above.

     

    
      	
              SECTION
                3.12  

            	
              Investment
                of Funds in the Collection Account.

            

    

     

    (a)  The
      Servicer may direct any depository institution maintaining the Collection
      Account (for purposes of this Section 3.12, an “Investment Account”), to hold
      the funds in such Investment Account uninvested or to invest the funds in such
      Investment Account in one or more Permitted Investments specified in such
      instruction bearing interest or sold at a discount, and maturing, unless payable
      on demand, (i) no later than 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 Trust Administrator 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 Trust
      Administrator is the obligor thereon. All such Permitted Investments shall
      be
      held to maturity, unless payable on demand.  Any investment of funds
      in an Investment Account shall be made in the name of the Trustee or in the
      name
      of a nominee of the Trustee. The Trust Administrator shall be entitled to sole
      possession (except with respect to investment direction of funds held in the
      Collection Account and any income and gain realized thereon) over each such
      investment, and any certificate or other instrument evidencing any such
      investment shall be delivered directly to the Trust Administrator or its agent,
      together with any document of transfer necessary to transfer title to such
      investment to the Trust Administrator or its nominee. In the event amounts
      on
      deposit in an Investment Account are at any time invested in a Permitted
      Investment payable on demand, the Trust Administrator shall:

     

    (x)           consistent
      with any notice required to be given thereunder, demand that payment thereon
      be
      made on the last day such Permitted Investment may otherwise mature hereunder
      in
      an amount equal to the lesser of (1) all amounts then payable thereunder and
      (2)
      the amount required to be withdrawn on such date; and

     

    (y)           demand
      payment of all amounts due thereunder promptly upon determination by a
      Responsible Officer of the Trust Administrator that such Permitted Investment
      would not constitute a Permitted Investment in respect of funds thereafter
      on
      deposit in the Investment Account.

     

    (b)  All
      income and gain realized from the investment of funds deposited in the
      Collection Account held by or on behalf of the Servicer, shall be for the
      benefit of the Servicer and shall be subject to its withdrawal in accordance
      with Section 3.11. The Servicer shall deposit in the Collection Account the
      amount of any loss of principal incurred in respect of any such Permitted
      Investment made with funds in such accounts immediately upon realization of
      such
      loss.

     

    (c)  Except
      as
      otherwise expressly provided in this Agreement, if any default occurs in the
      making of a payment due under any Permitted Investment, or if a default occurs
      in any other performance required under any Permitted Investment, the Trust
      Administrator may and, subject to Section 8.01 and Section 8.02(a)(v), upon
      the
      request of the Holders of Certificates representing more than 50% of the Voting
      Rights allocated to any Class of Certificates, shall take such action as may
      be
      appropriate to enforce such payment or performance, including the institution
      and prosecution of appropriate proceedings.

     

    
      	
              SECTION
                3.13  

            	
              [Reserved].

            

    

     

    
      	
              SECTION
                3.14  

            	
              Maintenance
                of Hazard Insurance and Errors and Omissions and Fidelity
                Coverage.

            

    

     

    (a)  The
      terms
      of each Mortgage Note require the related Mortgagor to maintain fire, flood
      and
      hazard insurance policies. To the extent such policies are not maintained,
      the
      Servicer shall cause to be maintained for each Mortgaged Property fire and
      hazard insurance with extended coverage as is customary in the area where the
      Mortgaged Property is located in an amount which is at least equal to the least
      of (i) the current principal balance of such Mortgage Loan, (ii) the amount
      necessary to fully compensate for any damage or loss to the improvements which
      are a part of such property on a replacement cost basis and (iii) the maximum
      insurable value of the improvements which are a part of such Mortgaged Property,
      in each case in an amount not less than such amount as is necessary to avoid
      the
      application of any coinsurance clause contained in the related hazard insurance
      policy. The Servicer shall also cause to be maintained fire and hazard insurance
      on each REO Property with extended coverage as is customary in the area where
      the Mortgaged Property is located in an amount which is at least equal to the
      lesser of (i) the maximum insurable value of the improvements which are a part
      of such property and (ii) the outstanding principal balance of the related
      Mortgage Loan at the time it became an REO Property. The Servicer will comply
      in
      the performance of this Agreement with all reasonable rules and requirements
      of
      each insurer under any such hazard policies. Any amounts to be collected by
      the
      Servicer under any such policies (other than amounts to be applied to the
      restoration or repair of the property subject to the related Mortgage or amounts
      to be released to the Mortgagor in accordance with the procedures that the
      Servicer would follow in servicing loans held for its own account, subject
      to
      the terms and conditions of the related Mortgage and Mortgage Note) shall be
      deposited in the Collection Account, subject to withdrawal pursuant to Section
      3.11, if received in respect of a Mortgage Loan, or in the REO Account, subject
      to withdrawal pursuant to Section 3.23, if received in respect of an REO
      Property. Any cost incurred by the Servicer in maintaining any such insurance
      shall not, for the purpose of calculating distributions to Certificateholders,
      be added to the unpaid principal balance of the related Mortgage Loan,
      notwithstanding that the terms of such Mortgage Loan so permit; provided,
      however, that the Servicer may capitalize the amount of any Servicing Advances
      in accordance with Section 3.07 incurred pursuant to this Section 3.14 in
      connection with the modification of a Mortgage Loan.  It is understood
      and agreed that no earthquake or other additional insurance is to be required
      of
      any Mortgagor other than pursuant to such applicable laws and regulations as
      shall at any time be in force and as shall require such additional insurance.
      If
      the Mortgaged Property or REO Property is at any time in an area identified
      in
      the Federal Register by the Federal Emergency Management Agency as having
      special flood hazards, the Servicer will cause to be maintained a flood
      insurance policy in respect thereof.  Such flood insurance shall be in
      an amount equal to the least of (i) the unpaid principal balance of the related
      Mortgage Loan, (ii) the maximum amount of such insurance available for the
      related Mortgaged Property under the national flood insurance program (assuming
      that the area in which such Mortgaged Property is located is participating
      in
      such program) and (iii) the maximum insurable value of the improvements which
      are a part of such Mortgaged Property; provided, that, such flood insurance
      must
      also be equal to the replacement value or the maximum payable amount under
      the
      Flood Disaster Protection Act (“FDPA”).

     

    In
      the
      event that the Servicer shall obtain and maintain a blanket policy with an
      insurer having a General Policy Rating of B:VI or better in Best’s Key Rating
      Guide 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 3.14, it being understood and agreed that
      such 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 complying with the first two sentences of
      this
      Section 3.14, and there shall have been one or more losses which would have
      been
      covered by such policy, deposit to the Collection Account from its own funds
      the
      amount not otherwise payable under the blanket policy because of such deductible
      clause. In connection with its activities as administrator and servicer of
      the
      Mortgage Loans, the Servicer agrees to prepare and present, on behalf of itself,
      the Trustee, the Trust Fund and the Certificateholders, claims under any such
      blanket policy in a timely fashion in accordance with the terms of such
      policy.

     

    (b)  The
      Servicer shall keep in force during the term of this Agreement a policy or
      policies of insurance covering errors and omissions for failure in the
      performance of its respective obligations under this Agreement, which policy
      or
      policies shall be in such form and amount that would meet the requirements
      of
      Fannie Mae or Freddie Mac if it were the purchaser of the Mortgage Loans, unless
      the Servicer, has obtained a waiver of such requirements from Fannie Mae or
      Freddie Mac. The Servicer shall each also maintain a fidelity bond in the form
      and amount that would meet the requirements of Fannie Mae or Freddie Mac, unless
      the Servicer, has obtained a waiver of such requirements from Fannie Mae or
      Freddie Mac. The Servicer shall be deemed to have complied with this provision
      if an Affiliate of the Servicer, has such errors and omissions and fidelity
      bond
      coverage and, by the terms of such insurance policy or fidelity bond, the
      coverage afforded thereunder extends to the Servicer. Any such errors and
      omissions policy and fidelity bond shall by its terms not be cancelable without
      thirty days’ prior written notice to the Trustee, the Master Servicer and the
      Trust Administrator.

     

    The
      Servicer shall provide to the Master Servicer evidence (in the form of an
      incumbency certificate) of the authorization of the person signing any
      certification, statement, copy or other evidence of any fidelity bond or errors
      and omissions policy maintained pursuant to this Section 3.14; provided however,
      if the Backup Servicer shall become the successor servicer, it shall not be
      obligated to provide such authorization until it has received a prior written
      request for such form from the Master Servicer.

     

    
      	
              SECTION
                3.15  

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

            

    

     

    The
      Servicer will, to the extent it has knowledge of any conveyance or prospective
      conveyance of any Mortgaged Property by any Mortgagor (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 and/or the Mortgage), exercise
      its
      rights to accelerate the maturity of such Mortgage Loan under the “due-on-sale”
clause, if any, applicable thereto; provided, however, that the Servicer shall
      not exercise any such rights if prohibited by law from doing so. If the Servicer
      reasonably believes it is unable under applicable law to enforce such
“due-on-sale” clause, or if any of the other conditions set forth in the proviso
      to the preceding sentence apply, the Servicer will enter into an assumption
      and
      modification agreement from or 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. The 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,
      provided that no such substitution shall be effective unless such person
      satisfies the then current underwriting criteria of the Servicer for mortgage
      loans similar to the Mortgage Loans. In connection with any assumption or
      substitution, the Servicer shall apply such underwriting standards and follow
      such practices and procedures as shall be normal and usual in its general
      mortgage servicing activities and as it applies to other mortgage loans owned
      solely by it. The Servicer shall not take or enter into any assumption and
      modification agreement, however, unless (to the extent practicable in the
      circumstances) it shall have received confirmation, in writing, of the continued
      effectiveness of any applicable hazard insurance policy. Any fee collected
      by
      the Servicer in respect of an assumption or substitution of liability agreement
      will be retained by the Servicer as additional servicing compensation. In
      connection with any such assumption, no material term of the Mortgage Note
      (including but not limited to the related Mortgage Rate and the amount of the
      Monthly Payment) may be amended or modified, except as otherwise required
      pursuant to the terms thereof. The Servicer shall notify the Trustee, the Master
      Servicer and the Trust Administrator that any such substitution or assumption
      agreement has been completed by forwarding to the Custodian on behalf of the
      Trustee the executed original of such substitution or assumption agreement,
      which document 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.

     

    Notwithstanding
      the foregoing paragraph or any other provision of this Agreement, the 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 by the terms of the Mortgage Note or any assumption which
      the Servicer may be restricted by law from preventing, for any reason
      whatsoever. For purposes of this Section 3.15, the term “assumption” is deemed
      to also include a sale (of the Mortgaged Property) subject to the Mortgage
      that
      is not accompanied by an assumption or substitution of liability
      agreement.

     

    
      	
              SECTION
                3.16  

            	
              Realization
                Upon Defaulted Mortgage Loans.

            

    

     

    (a)  The
      Servicer shall, consistent with the servicing standard set forth in Section
      3.01, foreclose upon or otherwise comparably convert 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. The Servicer shall be responsible for all
      costs and expenses incurred by it in any such proceedings; provided, however,
      that such costs and expenses will be recoverable as Servicing Advances by the
      Servicer as contemplated in Section 3.11 and Section 3.23. The foregoing is
      subject to the provision that, in any case in which Mortgaged Property shall
      have suffered damage from an Uninsured Cause, the Servicer shall not be required
      to expend its own funds toward the restoration of such property unless it shall
      determine in its discretion that such restoration will increase the proceeds
      of
      liquidation of the related Mortgage Loan after reimbursement to itself for
      such
      expenses.

     

    (b)  Notwithstanding
      the foregoing provisions of this Section 3.16 or any other provision of this
      Agreement, with respect to any Mortgage Loan as to which the 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 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, the Trust Administrator, the Master Servicer, the Servicer 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 Servicer has also previously determined,
      based
      on its reasonable judgment and a report prepared by a Person who regularly
      conducts environmental audits using customary industry standards,
      that:

     

    (1)           such
      Mortgaged Property is in compliance with applicable environmental laws or,
      if
      not, that it would be in the best economic interest of the Trust Fund to take
      such actions as are necessary to bring the Mortgaged Property into compliance
      therewith; and

     

    (2)           there
      are no circumstances present at such Mortgaged Property relating to the use,
      management or disposal of any hazardous substances, hazardous materials,
      hazardous wastes, or petroleum-based materials for which investigation, testing,
      monitoring, containment, clean-up or remediation could be required under any
      federal, state or local law or regulation, or that if any such materials are
      present for which such action could be required, that it would be in the best
      economic interest of the Trust Fund to take such actions with respect to the
      affected Mortgaged Property.

     

    The
      cost
      of the environmental audit report contemplated by this Section 3.16 shall be
      advanced by the Servicer, subject to the Servicer’s right to be reimbursed
      therefor from the Collection Account as provided in Section 3.11(a)(ix), such
      right of reimbursement being prior to the rights of Certificateholders to
      receive any amount in the Collection Account received in respect of the affected
      Mortgage Loan or other Mortgage Loans.

     

    If
      the
      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 into 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 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, cleanup or remediation shall
      be
      advanced by the Servicer, subject to the Servicer’s right to be reimbursed
      therefor from the Collection Account as provided in Section 3.11(a)(ix), such
      right of reimbursement being prior to the rights of Certificateholders to
      receive any amount in the Collection Account received in respect of the affected
      Mortgage Loan or other Mortgage Loans.

     

    (c)   The
      Servicer shall have the right to purchase from REMIC I any defaulted Mortgage
      Loan that is 90 days or more delinquent, which the Servicer determines in good
      faith will otherwise become subject to foreclosure proceedings (evidence of
      such
      determination to be delivered in writing to the Trustee and the Trust
      Administrator, in form and substance satisfactory to the Trustee and the Trust
      Administrator prior to purchase), at a price equal to the Purchase Price;
      provided, however, that the Servicer shall not use any procedure in selecting
      Mortgage Loans to be repurchased which is materially adverse to the interests
      of
      the Certificateholders. The Purchase Price for any Mortgage Loan purchased
      hereunder shall be deposited in the Collection Account, and the Trustee, upon
      receipt of written certification from the Servicer of such deposit, shall
      release or cause to be released to the Servicer the related Mortgage File and
      the Trustee, upon receipt of written certification from the Servicer of such
      deposit, shall execute and deliver such instruments of transfer or assignment,
      in each case without recourse, as the Servicer shall furnish and as shall be
      necessary to vest in the Servicer title to any Mortgage Loan released pursuant
      hereto.

     

    (d)  Proceeds
      received in connection with any Final Recovery Determination, as well as any
      recovery resulting from a partial collection of Insurance Proceeds or
      Liquidation Proceeds, in respect of any Mortgage Loan, will be applied in the
      following order of priority: first, to reimburse the Servicer or any
      Sub-Servicer for any related unreimbursed Servicing Advances and P&I
      Advances, pursuant to Section 3.11(a)(ii) or (a)(iii)(B); second, to accrued
      and
      unpaid interest on the Mortgage Loan, to the date of the Final Recovery
      Determination, or to the Due Date prior to the Distribution Date on which such
      amounts are to be distributed if not in connection with a Final Recovery
      Determination; and third, as a recovery of principal of the Mortgage Loan.
      If
      the amount of the recovery so allocated to interest is less than the full amount
      of accrued and unpaid interest due on such Mortgage Loan, the amount of such
      recovery will be allocated by the Servicer as follows: first, to unpaid
      Servicing Fees; and second, to the balance of the interest then due and owing.
      The portion of the recovery so allocated to unpaid Servicing Fees shall be
      reimbursed to the Servicer or any Sub-Servicer pursuant to Section
      3.11(a)(iii)(A).

     

    
      	
              SECTION
                3.17  

            	
              Trustee
                to Cooperate; Release of Mortgage
                Files.

            

    

     

    (a)  Upon
      the
      payment in full of any Mortgage Loan, or the receipt by the Servicer of a
      notification that payment in full shall be escrowed in a manner customary for
      such purposes, the Servicer will immediately notify the Custodian, on behalf
      of
      the Trustee, by a Request for Release in the form of Exhibit E (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 Collection Account pursuant to Section 3.10 have been or will
      be so deposited) of a Servicing Officer and shall request that the Custodian,
      on
      behalf of the Trustee, deliver to it the Mortgage File. Upon receipt of such
      certification and request, the Custodian, on behalf of the Trustee, shall
      promptly release the related Mortgage File to the Servicer, and the Servicer
      is
      authorized to cause the removal from the registration on the MERS® System of any
      such Mortgage, if applicable, and to execute and deliver, on behalf of the
      Trustee and the Certificateholders or any of them, any and all instruments
      of
      satisfaction or cancellation or of partial or full release.  No
      expenses incurred in connection with any instrument of satisfaction or deed
      of
      reconveyance shall be chargeable to the Collection Account or the Distribution
      Account.

     

    The
      Trustee (or the Custodian on its behalf) shall, at the written request and
      expense of any Certificateholder, provide a written report to such
      Certificateholder of all Mortgage Files released to the Servicer for servicing
      purposes.

     

    (b)  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 Loans, the Custodian, on behalf of the Trustee, shall,
      upon request of the Servicer and delivery to the Custodian and the Trustee
      of a
      Request for Release in the form of Exhibit E, release the related Mortgage
      File
      to the Servicer, and the Custodian, on behalf of the Trustee, shall, at the
      direction of the Servicer, execute such documents as shall be necessary to
      the
      prosecution of any such proceedings. Such Request for Release shall obligate
      the
      Servicer to return each and every document previously requested from the
      Mortgage File to the Custodian when the need therefor by the Servicer no longer
      exists, unless the Mortgage Loan has been liquidated and the Liquidation
      Proceeds relating to the Mortgage Loan have been deposited in the Collection
      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 Servicer
      has delivered to the Custodian, on behalf of 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 certificate of a Servicing Officer stating
      that
      such Mortgage Loan was liquidated and that all amounts received or to be
      received in connection with such liquidation that are required to be deposited
      into the Collection Account have been so deposited, or that such Mortgage Loan
      has become an REO Property, a copy of the Request for Release shall be released
      by the Custodian, on behalf of the Trustee, to the Servicer.

     

    (c)  Upon
      written certification of a Servicing Officer, the Trustee shall execute and
      deliver to the Servicer any court pleadings, requests for trustee’s sale or
      other documents reasonably 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
      certification shall include a request that such pleadings or documents be
      executed by the Trustee and a statement as to the reason such documents or
      pleadings are required and that the execution and delivery thereof by the
      Trustee will not invalidate or otherwise affect the lien of the Mortgage, except
      for the termination of such a lien upon completion of the foreclosure or
      trustee’s sale.

     

    
      	
              SECTION
                3.18  

            	
              Servicing
                Compensation.

            

    

     

    As
      compensation for the activities of the Servicer hereunder, the Servicer shall
      be
      entitled to the Servicing Fee with respect to each Mortgage Loan payable solely
      from payments of interest in respect of such Mortgage Loan, subject to Section
      3.24. The Servicer agrees that the Servicing Rights Owner has the right to
      the
      Servicing Fee, less an amount to be retained by the Servicer as its servicing
      compensation as agreed to by the Servicing Rights Owner and the
      Servicer.  In addition, the Servicer shall be entitled to recover
      unpaid Servicing Fees out of Insurance Proceeds, Subsequent Recoveries or
      Liquidation Proceeds to the extent permitted by Section 3.11(a)(iii)(A) and
      out
      of amounts derived from the operation and sale of an REO Property to the extent
      permitted by Section 3.23. The right to receive the Servicing Fee may not be
      transferred in whole or in part except in connection with the transfer of all
      of
      the Servicer’s responsibilities and obligations under this
      Agreement.

     

    Additional
      servicing compensation in the form of assumption fees, late payment charges
      and
      other similar fees and charges (other than Prepayment Charges) shall be retained
      by the Servicer (subject to Section 3.24) only to the extent such fees or
      charges are received by the Servicer. The Servicer shall also be entitled
      pursuant to Section 3.11(a)(iv) to withdraw from the Collection Account, and
      pursuant to Section 3.23(b) to withdraw from any REO Account, as additional
      servicing compensation, interest or other income earned on deposits therein,
      subject to Section 3.12 and Section 3.24. The Servicer shall be required to
      pay
      all expenses incurred by it in connection with its servicing activities
      hereunder (including premiums for the insurance required by Section 3.14, to
      the
      extent such premiums are not paid by the related Mortgagors or by a
      Sub-Servicer, servicing compensation of each Sub-Servicer, and to the extent
      provided herein in Section 8.05, the fees and expenses of the Trustee and the
      Trust Administrator) and shall not be entitled to reimbursement therefor except
      as specifically provided herein.

     

    
      	
              SECTION
                3.19  

            	
              Reports;
                Collection Account Statements.

            

    

     

    Upon
      reasonable request by the Master Servicer or the Trust Administrator (such
      request to be made by the related Distribution Date), the Servicer shall forward
      to the Master Servicer and the Trust Administrator no later than ten calendar
      days after such request, a statement prepared by the Servicer setting forth
      the
      status of the Collection Account as of the close of business on the last day
      of
      the calendar month relating to such Distribution Date and showing, for the
      period covered by such statement, the aggregate amount of deposits into and
      withdrawals from the Collection Account of each category of deposit specified
      in
      Section 3.10(a) and each category of withdrawal specified in Section 3.11.
      Such
      statement may be (i) in a form of the then current Fannie Mae Monthly Accounting
      Report for its Guaranteed Mortgage Pass Through Program with appropriate
      additions and changes, or (ii) in a format as mutually agreed to among the
      Servicer, the Master Servicer and the Trust Administrator, and shall also
      include information as to the aggregate of the outstanding principal balances
      of
      all of the Mortgage Loans as of the last day of the calendar month immediately
      preceding such Distribution Date.  Copies of such statement shall be
      provided by the Trust Administrator to any Certificateholder and to any Person
      identified to the Trust Administrator as a prospective transferee of a
      Certificate, upon the request and at the expense of the requesting party,
      provided such statement is delivered by the Servicer to the Trust
      Administrator.

     

    
      	
              SECTION
                3.20  

            	
              Statement
                as to Compliance.

            

    

     

    The
      Servicer shall deliver (and cause any Servicing Function Participant engaged
      by
      it to deliver) to the Trust Administrator, on or before March 15th, with no
      cure
      period, of each calendar year beginning in 2008 and the Master Servicer and
      the
      Trust Administrator shall deliver (or otherwise make available) to the Depositor
      on or before March 15th of each
      calendar
      year beginning in 2008, an Officers’ Certificate (an “Annual Statement of
      Compliance”) stating, as to each signatory thereof, that (i) 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 a Servicing Function Participant has been made under
      such officers’ supervision and (ii) to the best of such officers’ knowledge,
      based on such review, such party has fulfilled all of its obligations under
      this
      Agreement, or such other applicable agreement in the case of a Servicing
      Function Participant, 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 of cure provisions thereof.  The Servicer shall
      deliver, or cause any entity determined by the Servicer to be a Sub-Servicer
      to
      deliver, a similar Annual Statement of Compliance by any Sub-Servicer to which
      the Servicer has delegated any servicing responsibilities with respect to the
      Mortgage Loans, to the Trust Administrator as described above as and when
      required with respect to the Servicer.

     

    The
      Master Servicer shall include all annual statements of compliance received
      by it
      from the Servicer with its own annual statement of compliance to be submitted
      to
      the Trust Administrator pursuant to this Section.

     

    In
      the
      event the Servicer, the Master Servicer, the Trust Administrator or any
      Servicing Function Participant engaged by any such party is terminated or
      resigned pursuant to the terms of the Agreement, or any applicable agreement
      in
      the case of a Servicing Function Participant, as  the case may be,
      such party shall provide an Officer’s Certificate pursuant to this Section 3.20
      or the relevant section of such other applicable agreement, as the case may
      be,
      notwithstanding any such termination, assignment or resignation.

     

    If
      the
      Servicer does not deliver the Annual Statement of Compliance by March 15th of any
      year,
      either the Trust Administrator or the Depositor shall provide the Servicer
      with
      written notice, which may be electronic and confirmed by email, of its failure
      to deliver such Annual Statement of Compliance.

     

    Failure
      of the Servicer to timely comply with this Section 3.20, shall be deemed a
      Servicer Event of Default, and upon the receipt of written notice from the
      Trust
      Administrator or the Master Servicer of a Servicer Event of Default, the Trustee
      or the Master Servicer, as applicable, may, and at the direction of the
      Depositor shall, in addition to whatever rights the Trustee or the Master
      Servicer, as applicable, may have under this Agreement and at law or in 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 for the same; provided that to the extent that any
      provision of this Agreement expressly provides for the survival of certain
      rights or obligations following termination of the Servicer, such provision
      shall be given effect.  This paragraph shall supersede any other
      provision in this Agreement or any other agreement to the contrary.

     

    Each
      of
      the Servicer, the Master Servicer and the Trust Administrator shall severally,
      but not jointly, indemnify and hold harmless the Depositor, the Master Servicer,
      the Trust Administrator and their 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 that such Person may sustain based solely and directly upon a breach
      of
      the obligations of such indemnifying party under this Section
      3.20.  Such indemnification shall not cover any damages that are
      indirect, consequential, punitive or special in nature.

     

    
      	
              SECTION
                3.21  

            	
              Assessments
                of Compliance and Attestation
                Reports.

            

    

     

    (a)  By
      March
      15th of each
      calendar year, commencing in March 2008, the Servicer, the Master Servicer,
      the
      Trust Administrator and the Custodian (as set forth in the Custodial Agreement),
      each at its own expense, shall furnish or otherwise make available, and each
      such party shall cause any Servicing Function Participant engaged by it to
      furnish, each at its own expense, to the Trust Administrator (and the Trust
      Administrator shall furnish or otherwise make available to the Depositor),
      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 Relevant 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 4.06, 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 (the “Attestation Report”).

     

    Promptly
      after receipt of each such report on assessment of compliance, (i) the Depositor
      shall review each such report and, if applicable, consult with the Servicer,
      the
      Master Servicer, the Trust Administrator, the Custodian (as set forth in the
      Custodial Agreement) and any Servicing Function Participant engaged by such
      parties, as to the nature of any material instance of noncompliance with the
      Relevant Servicing Criteria by each such party, and (ii) the Trust Administrator
      shall confirm that the assessments, taken as a whole, address all of the
      Servicing Criteria and taken individually address the Relevant Servicing
      Criteria for each party as set forth on Exhibit C and notify the Depositor
      of
      any exceptions.

     

    The
      Master Servicer shall include all annual reports on assessment of compliance
      received by it from the Servicer with its own assessment of compliance to be
      submitted to the Trust Administrator pursuant to this Section.

     

    In
      the
      event the Servicer, the Master Servicer, the Trust Administrator, the Custodian,
      or any Servicing Function Participant engaged by any such party is terminated,
      assigns its rights and obligations under, or resigns pursuant to, the terms
      of
      this Agreement, such party shall provide a report on assessment of compliance
      pursuant to this Section 3.21, notwithstanding any such termination, assignment
      or resignation.

     

    (b)           By
      March 15th of
      each year, commencing in March 2008, the Servicer, the Master Servicer, the
      Trust Administrator and the Custodian (as set forth in the Custodial Agreement),
      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
      Servicer, the Master Servicer, the Trust Administrator, the Custodian, or such
      other Servicing Function Participants, as the case may be) and that is a member
      of the American Institute of Certified Public Accountants to furnish an
      attestation report to the Trust Administrator and the Depositor, to the effect
      that (i) 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 (ii) on the basis of an
      examination conducted by such firm in accordance with standards for attestation
      engagements issued or adopted by the Public Company Accounting Oversight Board,
      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.  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.

     

    Promptly
      after receipt of each such assessment of compliance and attestation report,
      the
      Trust Administrator shall confirm that each assessment submitted pursuant to
      Section 3.21(a) is coupled with an attestation meeting the requirements of
      this
      Section and notify the Depositor of any exceptions.

     

    The
      Master Servicer shall include each such attestation furnished to it by the
      Servicer with its own attestation to be submitted to the Trust Administrator
      pursuant to this Section.

     

    In
      the
      event the Servicer, the Master Servicer, the Trust Administrator, the Custodian,
      or any Servicing Function Participant engaged by any such party, is terminated,
      assigns its rights and duties under, or resigns pursuant to the terms of, this
      Agreement, or any applicable custodial agreement, Servicing Agreement or
      sub-servicing agreement, as the case may be, such party shall cause a registered
      public accounting firm to provide an attestation pursuant to this Section
      3.21(b), notwithstanding any such termination, assignment or
      resignation.

     

    (c)           Failure
      of the Servicer to timely comply with this Section 3.21 shall be deemed a
      Servicer Event of Default, and upon written receipt of notice (which notice
      may
      be delivered electronically) from the Master Servicer of the Servicer Event
      of
      Default, the Trustee or the Master Servicer, as applicable, at the direction
      of
      the Depositor may, in addition to whatever rights the Trustee or the Master
      Servicer, as applicable, may have under this Agreement and at law or in equity,
      including injunctive relief and specific performance, upon notice immediately
      terminate (as provided in Section 7.01(a)) 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 for the same; provided, however,
      the
      Depositor shall not be entitled to instruct the Trustee to terminate the rights
      and obligations of the Servicer pursuant to the above if a failure of the
      Servicer to identify a subcontractor “participating in the servicing function”
within the meaning of Item 1122 of Regulation AB was attributable solely to
      the
      role or functions of such subcontractor with respect to mortgage loans other
      than the Mortgage Loans.  This paragraph shall supersede any other
      provision in this Agreement or any other agreement to the contrary.

     

    Each
      of
      the Servicer, the Master Servicer and the Trust Administrator shall severally,
      but not jointly, indemnify and hold harmless the Depositor, the Master Servicer
      and the Trust Administrator and its 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 that such Person may sustain based solely and
      directly upon a breach of the obligations of such indemnifying party under
      this
      Section 3.21.

     

    If
      the
      indemnifications provided for herein are unavailable or insufficient to hold
      harmless any 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 incurred by such indemnified
      party
      in such proportion as is appropriate to reflect the relative fault of such
      indemnified party on the one hand and the indemnifying party on the
      other.  This indemnification shall survive the termination of this
      Agreement or the termination of the indemnifying party.

     

    
      	
              SECTION
                3.22  

            	
              Access
                to Certain Documentation.

            

    

     

    The
      Servicer shall provide to the Depositor, the Master Servicer, the Trust
      Administrator and the Trustee access to the documentation regarding the Mortgage
      Loans required by applicable laws and regulations. Such access shall be afforded
      without charge, but only upon reasonable request and during normal business
      hours at the offices of the Servicer designated by it. In addition, access
      to
      the documentation regarding the Mortgage Loans required by applicable laws
      and
      regulations will be provided to the Trustee, the Master Servicer or the Trust
      Administrator on behalf of, and for purposes of providing such documentation
      to,
      any Person identified as a Certificateholder or any federal or state
      banking or insurance regulatory authority that may exercise authority over
      any
      Certificateholder or a prospective transferee of a Certificate subject to the
      execution of a confidentiality agreement in form and substance satisfactory
      to
      the Servicer, upon reasonable request during normal business hours at the
      offices of the Servicer designated by it at the expense of the Trustee, the
      Master Servicer or Trust Administrator. Nothing in this Section 3.22 shall
      derogate from the obligation of any such party to observe any applicable law
      prohibiting disclosure of information regarding the Mortgagors and the failure
      of any such party to provide access as provided in this Section as a result
      of
      such obligation shall not constitute a breach of this Section
      3.22.  In each case, access to any documentation regarding the
      Mortgage Loans may be conditioned upon the requesting party’s acknowledgment in
      writing of a confidentiality agreement regarding any information that is
      required to remain confidential under the Gramm-Leach-Bliley Act of
      1999.

     

    
      	
              SECTION
                3.23  

            	
              Title,
                Management and Disposition of REO
                Property.

            

    

     

    (a)  The
      deed
      or certificate of sale of any REO Property shall be taken in the name of the
      Trustee, or its nominee, in trust for the benefit of the Certificateholders.
      The
      Servicer, on behalf of the Trust Fund, shall either sell any REO Property before
      the close of the third taxable year following the year the Trust Fund acquires
      ownership of such REO Property for purposes of Section 860G(a)(8) of the Code
      or
      request from the Internal Revenue Service, no later than 60 days before the
      day
      on which the above three-year grace period would otherwise expire, an extension
      of the above three-year grace period, unless the Servicer shall have delivered
      to the Trustee, the Master Servicer, the Trust Administrator and the Depositor
      an Opinion of Counsel, addressed to the Trustee, the Trust Administrator and
      the
      Depositor, to the effect that the holding by the Trust Fund of such REO Property
      subsequent to the close of the third taxable year after its acquisition will
      not
      result in the imposition on the Trust Fund of taxes on “prohibited transactions”
thereof, as defined in Section 860F of the Code, or cause any Trust REMIC to
      fail to qualify as a REMIC under Federal law at any time that any Certificates
      are outstanding. The 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) of
      the Code or result in the receipt by any Trust REMIC of any “income from
      non-permitted assets” within the meaning of Section 860F(a)(2)(B) of the Code,
      or any “net income from foreclosure property” which is subject to taxation under
      the REMIC Provisions.

     

    (b)  The
      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 and shall establish and maintain with respect to REO Properties
      an account held in trust for the Trustee for the benefit of the
      Certificateholders (the “REO Account”), which shall be an Eligible Account. The
      Servicer shall be permitted to allow the Collection Account to serve as the
      REO
      Account, subject to separate ledgers for each REO Property. The Servicer shall
      be entitled to retain or withdraw any interest income paid on funds deposited
      in
      the REO Account.

     

    (c)  The
      Servicer shall have full power and authority, subject only to the specific
      requirements and prohibitions of this Agreement, to do any and all things in
      connection with any REO Property as are consistent with the manner in which
      the
      Servicer manages and operates similar property owned by the Servicer or any
      of
      its Affiliates, all on such terms and for such period as the Servicer deems
      to
      be in the best interests of Certificateholders. In connection therewith, the
      Servicer shall deposit, or cause to be deposited in the clearing account (which
      account must be an Eligible Account) in which it customarily deposits payments
      and collections on mortgage loans in connection with its mortgage loan servicing
      activities on a daily basis, and in no event more than two Business Days after
      the Servicer’s receipt thereof, and shall thereafter deposit in the REO Account,
      in no event more than one Business Day after the deposit of such funds into
      the
      clearing account, all revenues received by it with respect to an REO Property
      and shall withdraw therefrom funds necessary for the proper operation,
      management and maintenance of such REO Property including, without
      limitation:

     

    (i)  all
      insurance premiums due and payable in respect of such REO Property;

     

    (ii)  all
      real
      estate taxes and assessments in respect of such REO Property that may result
      in
      the imposition of a lien thereon; and

     

    (iii)  all
      costs
      and expenses necessary to maintain such REO Property.

     

    To
      the
      extent that amounts on deposit in the REO Account with respect to an REO
      Property are insufficient for the purposes set forth in clauses (i) through
      (iii) above with respect to such REO Property, the Servicer shall advance from
      its own funds such amount as is necessary for such purposes if, but only if,
      the
      Servicer would make such advances if the Servicer owned the REO Property and
      if
      in the Servicer’s judgment, the payment of such amounts will be recoverable from
      the rental or sale of the REO Property.

     

    Notwithstanding
      the foregoing, none of the Servicer, the Trust Administrator or the Trustee
      shall:

     

    1.  authorize
      the Trust Fund to enter into, renew or extend any New Lease with respect to
      any
      REO Property, if the New Lease by its terms will give rise to any income that
      does not constitute Rents from Real Property;

     

    (iv)  authorize
      any amount to be received or accrued under any New Lease other than amounts
      that
      will constitute Rents from Real Property;

     

    (v)  authorize
      any construction on any REO Property, other than the completion of a building
      or
      other improvement thereon, and then only if more than ten percent of the
      construction of such building or other improvement was completed before default
      on the related Mortgage Loan became imminent, all within the meaning of Section
      856(e)(4)(B) of the Code; or

     

    (vi)  authorize
      any Person to Directly Operate any REO Property on any date more than 90 days
      after its date of acquisition by the Trust Fund;

     

    unless,
      in any such case, the Servicer has obtained an Opinion of Counsel, provided
      to
      the Trust Administrator, the Master Servicer and the Trustee, to the effect
      that
      such action will not cause such REO Property to fail to qualify as “foreclosure
      property” within the meaning of Section 860G(a)(8) of the Code at any time that
      it is held by the Trust Fund, in which case the Servicer may take such actions
      as are specified in such Opinion of Counsel.

     

    The
      Servicer may contract with any Independent Contractor for the operation and
      management of any REO Property, provided that:

     

    2.  the
      terms
      and conditions of any such contract shall not be inconsistent
      herewith;

     

    (vii)  any
      such
      contract shall require, or shall be administered to require, that the
      Independent Contractor pay all costs and expenses incurred in connection with
      the operation and management of such REO Property, including those listed above
      and remit all related revenues (net of such costs and expenses) to the Servicer
      as soon as practicable, but in no event later than thirty days following the
      receipt thereof by such Independent Contractor;

     

    (viii)  none
      of
      the provisions of this Section 3.23(c) relating to any such contract or to
      actions taken through any such Independent Contractor shall be deemed to relieve
      the Servicer of any of its duties and obligations to the Trustee on behalf
      of
      the Certificateholders with respect to the operation and management of any
      such
      REO Property; and

     

    (ix)  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.

     

    The
      Servicer shall be entitled to enter into any agreement with any Independent
      Contractor performing services for it related to its duties and obligations
      hereunder for indemnification of the Servicer by such Independent Contractor,
      and nothing in this Agreement shall be deemed to limit or modify such
      indemnification. The Servicer shall be solely liable for all fees owed by it
      to
      any such Independent Contractor, irrespective of whether the Servicer’s
      compensation pursuant to Section 3.18 is sufficient to pay such
      fees.

     

    (d)  In
      addition to the withdrawals permitted under Section 3.23(c), the Servicer may
      from time to time make withdrawals from the REO Account for any REO Property:
      (i) to pay itself or any Sub-Servicer unpaid Servicing Fees in respect of the
      related Mortgage Loan; and (ii) to reimburse itself or any Sub-Servicer for
      unreimbursed Servicing Advances and P&I Advances made in respect of such REO
      Property or the related Mortgage Loan.  Any income from the related
      REO Property received during any calendar months prior to a Final Recovery
      Determination, net of any withdrawals made pursuant to Section 3.23(c) or this
      Section 3.23(d), shall be withdrawn by the Servicer from each REO Account
      maintained by it and remitted to the Trust Administrator for deposit into the
      Distribution Account in accordance with Section 3.10(d)(ii) on the Servicer
      Remittance Date relating to a Final Recovery Determination with respect to
      such
      Mortgage Loan, for distribution on the related Distribution Date in accordance
      with Section 4.01.

     

    (e)  Subject
      to the time constraints set forth in Section 3.23(a), and further subject to
      obtaining the approval of the insurer under any related Primary Mortgage
      Insurance Policy (if and to the extent that such approvals are necessary to
      make
      claims under such policies in respect of the affected REO Property), each REO
      Disposition shall be carried out by the Servicer at such price and upon such
      terms and conditions as the Servicer shall deem necessary or advisable, as
      shall
      be normal and usual in its general servicing activities for similar
      properties.

     

    (f)  The
      proceeds from the REO Disposition, net of any amount required by law to be
      remitted to the Mortgagor under the related Mortgage Loan and net of any payment
      or reimbursement to the Servicer or any Sub-Servicer as provided above, shall
      be
      remitted to the Trust Administrator for deposit in the Distribution Account
      in
      accordance with Section 3.10(d)(ii) on the Servicer Remittance Date in the
      month
      following the receipt thereof for distribution on the related Distribution
      Date
      in accordance with Section 4.01. 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).

     

    (g)  The
      Servicer shall file information returns with respect to the receipt of mortgage
      interest received in a trade or business, reports of foreclosures and
      abandonments of any Mortgaged Property and cancellation of indebtedness income
      with respect to any Mortgaged Property as required by Sections 6050H, 6050J
      and
      6050P of the Code, respectively. Such reports shall be in form and substance
      sufficient to meet the reporting requirements imposed by such Sections 6050H,
      6050J and 6050P of the Code.

     

    
      	
              SECTION
                3.24  

            	
              Obligations
                of the Servicer in Respect of Prepayment Interest
                Shortfalls.

            

    

     

    The
      Servicer shall deliver to the Trust Administrator for deposit into the
      Distribution Account on or before 3:00 p.m. New York time (it being understood
      that such time shall not apply if the Backup Servicer is acting as the Successor
      Servicer) on the Servicer Remittance Date from its own funds (or from a
      Sub-Servicer’s own funds received by the Servicer in respect of Compensating
      Interest) an amount equal to the lesser of (i) the aggregate of the Prepayment
      Interest Shortfalls for the related Distribution Date resulting from full or
      partial Principal Prepayments during the related Prepayment Period and (ii)
      the
      applicable Compensating Interest Payment.

     

    
      	
              SECTION
                3.25  

            	
              Obligations
                of the Servicer in Respect of Monthly
                Payments.

            

    

     

    In
      the
      event that a shortfall in any collection on or liability with respect to any
      Mortgage Loan results from or is attributable to adjustments to Mortgage Rates,
      Monthly Payments or Stated Principal Balances that were made by the Servicer
      in
      a manner not consistent with the terms of the related Mortgage Note and this
      Agreement, the Servicer, upon discovery or receipt of notice thereof,
      immediately shall deliver to the Trust Administrator for deposit in the
      Distribution Account from its own funds the amount of any such shortfall and
      shall indemnify and hold harmless the Trust Fund, the Trustee, the Trust
      Administrator, the Master Servicer, the Depositor and any successor servicer
      in
      respect of any such liability. Such indemnities shall survive the termination
      or
      discharge of this Agreement.  If amounts paid by the Servicer with
      respect to any Mortgage Loan pursuant to this Section 3.25 are subsequently
      recovered from the related Mortgagor, the Servicer shall be permitted to
      reimburse itself for such amounts paid by it pursuant to this Section 3.25
      from
      such recoveries.

     

    
      	
              SECTION
                3.26  

            	
              Advance
                Facility.

            

    

     

    (a)  The
      Servicer and/or the Trustee on behalf of the Trust Fund is hereby authorized
      to
      enter into a facility (an “Advance Facility”) with any Person (an “Advancing
      Person”) (1) under which the Servicer sells, assigns or pledges to the Advancing
      Person the Servicer’s rights under this Agreement to be reimbursed for any
      P&I Advances and/or Servicing Advances or (2) which provides that the
      Advancing Person may fund P&I Advances and/or Servicing Advances to the
      Trust Fund under this Agreement, although no such facility shall reduce or
      otherwise affect the Servicer’s obligation to fund such P&I Advances and/or
      Servicing Advances. If the Servicer enters into such an Advance Facility
      pursuant to this Section 3.26, upon reasonable request of the Advancing Person,
      the Trust Administrator shall execute a letter of acknowledgment, confirming
      its
      receipt of notice of the existence of such Advance Facility. To the extent
      that
      an Advancing Person funds any P&I Advance or any Servicing Advance or is
      assigned the right to be reimbursed for any P&I Advance or Servicing Advance
      and provides the Trust Administrator with notice acknowledged by the Servicer
      that such Advancing Person is entitled to reimbursement directly from the Trust
      Administrator (from amounts on deposit in the Distribution Account) pursuant
      to
      the terms of the Advance Facility, such Advancing Person shall be entitled
      to
      receive reimbursement pursuant to this Agreement for such amount to the extent
      provided in Section 3.26(b). Such notice from the Advancing Person must specify
      the amount of the reimbursement, the Section of this Agreement that permits
      the
      applicable Advance or Servicing Advance to be reimbursed and the section(s)
      of
      the Advance Facility that entitle the Advancing Person to request reimbursement
      from the Trust Administrator, rather than the Servicer, and include the
      Servicer’s acknowledgment thereto or proof of an event of default under the
      Advance Facility. The Trust Administrator shall have no duty or liability with
      respect to any calculation of any reimbursement to be paid to an Advancing
      Person and shall be entitled to rely without independent investigation on the
      Advancing Person’s notice provided pursuant to this Section 3.26.  An
      Advancing Person whose obligations hereunder are limited to the funding of
      P&I Advances and/or Servicing Advances shall not be required to meet the
      qualifications of the Servicer or a Sub-Servicer pursuant to Section 3.02 hereof
      and shall not be deemed to be a Sub-Servicer under this Agreement.

     

    (b)  If,
      pursuant to the terms of the Advance Facility, an Advancing Person is entitled
      to reimbursement directly from the Trust Administrator (from amounts on deposit
      in the Distribution Account), then the Servicer shall not reimburse itself
      therefor under Section 3.11(a)(ii), Section 3.11(a)(iii) or Section 3.11(a)(vi)
      prior to the remittance to the Trust Fund, but instead the Servicer shall
      include such amounts in the applicable remittance to the Trust Administrator
      made pursuant to Section 3.10 to the extent of amounts on deposit in the
      Collection Account on the Servicer Remittance Date. The Trust Administrator
      is
      hereby authorized to pay to the Advancing Person reimbursements for Advances
      and
      Servicing Advances from the Distribution Account, to the extent permitted under
      the terms of the Advance Facility, to the same extent the Servicer would have
      been permitted to reimburse itself for such Advances and/or Servicing Advances
      in accordance with Section 3.11(a)(ii), Section 3.11(a)(iii) or Section
      3.11(a)(vi), as the case may be, had the Servicer itself funded such Advance
      or
      Servicing Advance. The Trust Administrator is hereby authorized to pay directly
      to the Advancing Person such portion of the Servicing Fee as the parties to
      any
      Advance Facility agree to in writing delivered to the Trust Administrator.
      An
      Advance Facility may provide that the Servicer will otherwise cause the
      remittance of P&I Advance and/or Servicing Advance reimbursement amounts to
      the Advancing Person, in which case the foregoing sentences in this Section
      3.26(b) shall not apply.

     

    (c)  All
      P&I Advances and Servicing Advances made pursuant to the terms of this
      Agreement shall be deemed made and shall be reimbursed on a “first in first out”
(FIFO) basis.

     

    (d)  None
      of
      the Trust Fund, any party to this Agreement or any other Person shall have
      any
      right or claim (including without limitation any right of offset or recoupment)
      to any amounts allocable under this Agreement to the reimbursement of P&I
      Advances or Servicing Advances that have been assigned, conveyed or pledged
      to
      an Advancing Person, or that relate to P&I Advances or Servicing Advances
      that were funded by an Advancing Person.

     

    (e)  Any
      amendment to this Section 3.26 or to any other provision of this Agreement
      that
      may be necessary or appropriate to effect the terms of an Advance Facility
      as
      described generally in this Section 3.26, including amendments to add provisions
      relating to a successor master servicer, may be entered into by the parties
      to
      this Agreement without the consent of any Certificateholder but with written
      confirmation from each Rating Agency that the amendment shall not result in
      the
      reduction or withdrawal of the then-current ratings of any outstanding Class
      of
      Certificates or any other notes secured by collateral which includes all or
      a
      portion of the Class CE-1 Certificates, the Class CE-2 Certificates, the Class
      P
      Certificates and/or the Residual Certificates, notwithstanding anything to
      the
      contrary in this Agreement.

     

    (f)  Neither
      the Trust Administrator nor the Master Servicer shall have any responsibility
      to
      track or monitor the administration of the Advance Facility between the Servicer
      and the Advancing Person.

     

    
      	
              SECTION
                3.27  

            	
              Late
                Remittance.

            

    

     

    With
      respect to any remittance received by the Trust Administrator after the day
      on
      which such payment was due, the Servicer shall pay to the Master Servicer
      interest on any such late payment at an annual rate equal to One-Month LIBOR
      plus fifty basis points (or, in the case of the Backup Servicer, at an annual
      rate equal to the Prime Rate, adjusted as of the date of each change, plus
      one
      percentage point), but in each case, no event greater than the maximum amount
      permitted by applicable law.  Such interest shall be remitted to the
      Trust Administrator for deposit in the Distribution Account by the Servicer
      on
      the date such late payment is made and shall cover the period commencing with
      the day such payment was due and ending with the Business Day on which such
      payment is made, both inclusive.  Such interest shall be remitted
      along with the distribution payable on the next succeeding Servicer Remittance
      Date.  The payment by the Servicer of any such interest shall not be
      deemed an extension of time for payment or a waiver of any Servicer Event of
      Default.

     

    ARTICLE
      IIIA

     

    ADMINISTRATION
      AND SERVICING

    OF
      THE
      MORTGAGE LOANS

     

    
      	
              SECTION
                3A.01  

            	
              Master
                Servicer to Act as Master Servicer

            

    

     

    The
      Master Servicer shall supervise, monitor and oversee the obligations of the
      Servicer to service and administer the Mortgage Loans in accordance with the
      terms of this Agreement and shall have full power and authority to do any and
      all things which it may deem necessary or desirable in connection with such
      master servicing and administration. In performing its obligations hereunder,
      the Master Servicer shall act in a manner consistent with Accepted Master
      Servicing Practices. Furthermore, the Master Servicer shall oversee and consult
      with the Servicer as reasonably necessary from time-to-time to carry out the
      Master Servicer’s obligations hereunder, shall receive, review and evaluate all
      reports, information and other data provided to the Master Servicer by the
      Servicer and shall cause the Servicer to perform and observe the covenants,
      obligations and conditions to be performed or observed by the Servicer under
      this Agreement. The Master Servicer shall independently monitor the Servicer’s
      servicing activities with respect to each Mortgage Loan, reconcile the results
      of such monitoring with such information provided in the previous sentence
      on a
      monthly basis and coordinate corrective adjustments to the Servicer’s and Master
      Servicer’s records, and based on such reconciled and corrected information, the
      Master Servicer shall provide such information to the Trust Administrator as
      shall be necessary in order for it to prepare the statements specified in
      Section 4.02, and prepare any other information and statements required to
      be forwarded by the Master Servicer hereunder. The Master Servicer shall
      reconcile the results of its Mortgage Loan monitoring with the actual
      remittances of the Servicer to the Collection Account pursuant to Section
      3.10.

     

    The
      Trustee shall furnish the Master Servicer with any powers of attorney and other
      documents in form as provided to it necessary or appropriate to enable the
      Master Servicer to master service and administer the Mortgage Loans and REO
      Properties.

     

    The
      Trustee and the Trust Administrator shall provide access to the records and
      documentation in possession of the Trustee or the Trust Administrator, as
      applicable, regarding the Mortgage Loans and REO Properties and the servicing
      thereof to the Certificateholders, the FDIC, and the supervisory agents and
      examiners of the FDIC, such access being afforded only upon reasonable prior
      written request and during normal business hours at the office of the Trustee
      or
      the Trust Administrator, as applicable; provided, however, that, unless
      otherwise required by law, neither the Trustee nor the Trust Administrator
      shall
      be required to provide access to such records and documentation if the provision
      thereof would violate the legal right to privacy of any Mortgagor. The Trustee
      and the Trust Administrator shall allow representatives of the above entities
      to
      photocopy any of the records and documentation and shall provide equipment
      for
      that purpose at a charge that covers the Trustee’s or Trust Administrator’s, as
      applicable, actual costs.

     

    The
      Trustee shall execute and deliver to the Servicer and the Master Servicer any
      court pleadings, requests for trustee’s sale or other documents necessary or
      desirable to (i) the foreclosure or trustee’s sale with respect to a Mortgaged
      Property; (ii) any legal action brought to obtain judgment against any Mortgagor
      on the Mortgage Note or Security Instrument; (iii) obtain a deficiency judgment
      against the Mortgagor; or (iv) enforce any other rights or remedies provided
      by
      the Mortgage Note or Mortgage or otherwise available at law or
      equity.

     

    
      	
              SECTION
                3A.02  

            	
              [Reserved].

            

    

     

    
      	
              SECTION
                3A.03  

            	
              Monitoring
                of the Servicer.

            

    

     

    The
      Master Servicer shall be responsible for reporting to the Trustee, the Trust
      Administrator and the Depositor the non-compliance by the Servicer with its
      duties under this Agreement. In the review of the Servicer’s activities, the
      Master Servicer may rely upon an Officers’ Certificate of the Servicer (or
      similar document signed by a Servicing Officer of the Servicer) with regard
      to
      the Servicer’s compliance with the terms of this Agreement. In the event that
      the Master Servicer, in its good faith judgment, determines that the Servicer
      should be terminated due to the occurrence of the Servicer Event of Default,
      or
      that a notice should be sent pursuant to the terms hereof with respect to the
      occurrence of an event that, unless cured, would become the Servicer Event
      of
      Default, the Master Servicer shall notify the Depositor, the Trust Administrator
      and the Trustee thereof and the Master Servicer shall issue such notice or
      take
      such other action as it deems appropriate.

     

    The
      Master Servicer (or if the Master Servicer is the Servicer, the Trustee), for
      the benefit of the Certificateholders, shall enforce the obligations of the
      Servicer under this Agreement, and shall, in the event that it receives notice
      and confirms that the Servicer has failed to perform its obligations in
      accordance with this Agreement, subject to the preceding paragraph, terminate
      the rights and obligations of the Servicer hereunder and in accordance with
      the
      provisions of Article VII of this Agreement and the Successor Servicer shall
      act
      as Servicer of the Mortgage Loans or appoint a successor servicer; provided,
      however, it is understood and acknowledged by the parties hereto that there
      will
      be a period of transition (not to exceed 30 days with respect to the Backup
      Servicer or 90 days with respect to the Master Servicer or the Trustee) before
      the actual servicing functions can be fully transferred to such successor
      servicer. Such enforcement, including, without limitation, the legal prosecution
      of claims 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 or
      Trustee, as applicable, in its good faith business judgment, would require
      were
      it the owner of the Mortgage Loans. The Master Servicer or the Trustee, as
      applicable, shall pay the costs of such enforcement at its own expense, provided
      that the Master Servicer or the Trustee, as applicable, shall not be required
      to
      prosecute or defend any legal action except to the extent that the Master
      Servicer or the Trustee, as applicable, shall have received reasonable indemnity
      for its costs and expenses in pursuing such action.

     

    To
      the
      extent that the costs and expenses of the Master Servicer or Trustee, as
      applicable, related to any termination of the Servicer (other than a termination
      of the Servicer without cause by the Servicing Rights Owner pursuant to Section
      6.04), appointment of a successor servicer or the transfer and assumption of
      servicing by the Master Servicer or the Trustee, as applicable, with respect
      to
      this Agreement (including, without limitation, (i) all legal costs and expenses
      and all due diligence costs and expenses associated with an evaluation of the
      potential termination of the Servicer as a result of the Servicer Event of
      Default and (ii) all costs and expenses associated with the complete transfer
      of
      servicing, including all servicing files and all servicing data and the
      completion, correction or manipulation of such servicing data as may be required
      by the successor servicer to correct any errors or insufficiencies in the
      servicing data or otherwise to enable the successor servicer to service the
      Mortgage Loans in accordance with this Agreement) are not fully and timely
      reimbursed by the terminated Servicer, the Master Servicer or the Trustee,
      as
      applicable, shall be entitled to reimbursement of such costs and expenses from
      the Distribution Account.

     

    The
      Master Servicer (or if the Master Servicer is the Servicer, the Trustee) shall,
      upon receipt from the Servicer, the Master Servicer or the Trust Administrator,
      of notice of any failure of the Servicer to comply with the remittance
      requirements and other obligations set forth in this Agreement, enforce such
      obligations.

     

    If
      the
      Master Servicer or the Trustee, as applicable, acts as Servicer, it will not
      assume liability for the representations and warranties of the Servicer that
      it
      replaces.

     

    
      	
              SECTION
                3A.04  

            	
              Fidelity
                Bond.

            

    

     

    The
      Master Servicer, at its expense, shall maintain in effect a blanket 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 errors and omissions
      insurance policy and the fidelity bond shall be in such form and amount
      generally acceptable for entities serving as master servicer.

     

    
      	
              SECTION
                3A.05  

            	
              Power
                to Act; Procedures.

            

    

     

    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, to do any and all things that it may deem necessary or
      desirable in connection with the master 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; provided, however,
      that the Master Servicer shall not (and, consistent with its responsibilities
      under Article X, shall not permit the Servicer to) knowingly or intentionally
      take any action, or fail to take (or fail to cause to be taken) any action
      reasonably within its control and the scope of duties more specifically set
      forth herein, that, under the REMIC Provisions, if taken or not taken, as the
      case may be, would cause any Trust REMIC to fail to qualify as a REMIC or result
      in the imposition of a tax upon the Trust Fund (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) unless the Master Servicer has received an Opinion of Counsel (but not
      at
      the expense of the Master Servicer) to the effect that the contemplated action
      would not cause any REMIC to fail to qualify as a REMIC or result in the
      imposition of a tax upon any REMIC.  The Trustee shall furnish the
      Master Servicer or the Servicer, upon written request from a Servicing Officer,
      with any powers of attorney empowering the Master Servicer or the 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
      this Agreement, and the Trustee shall execute and deliver such other documents,
      as the Master Servicer may request, to enable the Master Servicer to master
      service and administer the Mortgage Loans and carry out its duties hereunder,
      in
      each case in accordance with Accepted Master Servicing Practices (and the
      Trustee shall have no liability for misuse of any such powers of attorney by
      the
      Master Servicer or the 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, the Master Servicer shall join
      with the Trustee in the appointment of a co-trustee pursuant to
      Section 8.10 hereof. In the performance of its duties hereunder, the Master
      Servicer shall be an independent contractor of the Trust Fund 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.

     

    
      	
              SECTION
                3A.06  

            	
              Due
                on Sale Clauses; Assumption
                Agreements.

            

    

     

    To
      the
      extent Mortgage Loans contain enforceable due-on-sale clauses, the Master
      Servicer shall cause the Servicer to enforce such clauses in accordance with
      Section 3.15 of this Agreement. If applicable law prohibits the enforcement
      of a
      due-on-sale clause or such clause is otherwise not enforced in accordance with
      this Agreement, and, as a consequence, a Mortgage Loan is assumed, the original
      Mortgagor may be released from liability in accordance with
      this  Agreement.

     

    
      	
              SECTION
                3A.07  

            	
              [Reserved].

            

    

     

    
      	
              SECTION
                3A.08  

            	
              Documents,
                Records and Funds in Possession of Master Servicer to be Held for
                Trustee.

            

    

     

    The
      Master Servicer and the Servicer shall transmit to the Trustee (or the Custodian
      on behalf of the Trustee) such documents and instruments coming into the
      possession of the Master Servicer or the Servicer from time to time as are
      required by the terms hereof to be delivered to the Trustee, the Trust
      Administrator or the Custodian. Any funds received by the Master Servicer or
      by
      the Servicer in respect of any Mortgage Loan or which otherwise are collected
      by
      the Master Servicer or by the Servicer as 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
      withdraw from the Distribution Account the Master Servicing Compensation and
      other amounts provided in this Agreement, and to the right of the Servicer
      to
      retain its Servicing Fee and other amounts as provided in this Agreement. The
      Master Servicer shall, and subject to Section 3.22 shall cause the Servicer
      to,
      provide access to information and documentation regarding the Mortgage Loans
      to
      the Trust Administrator, its agents and accountants 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.

     

    All
      Mortgage Files and funds collected or held by, or under the control of, the
      Master Servicer or the Servicer, in respect of any Mortgage Loans, whether
      from
      the collection of principal and interest payments or from Liquidation Proceeds
      or Insurance Proceeds, shall be held by the Servicer or the Master Servicer,
      as
      applicable, 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 the 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 the Servicer under this
      Agreement.

     

    
      	
              SECTION
                3A.09  

            	
              Compensation
                for the Master Servicer.

            

    

     

    The
      Master Servicer will be entitled to all income and gain realized from any
      investment of funds in the Distribution Account, pursuant to Section 3A.11
      and Section 3A.12, for the performance of its activities hereunder (the
“Master Servicing Compensation”).  Servicing compensation in the form
      of assumption fees, if any, late payment charges, as collected, if any, or
      otherwise shall be retained by the Servicer in accordance with Section 3.18.
      The
      Master Servicer shall be required to pay all expenses incurred by it in
      connection with the performance of its duties hereunder and shall not be
      entitled to reimbursement therefor except as provided in this
      Agreement.

     

    
      	
              SECTION
                3A.10  

            	
              [Reserved].

            

    

     

    
      	
              SECTION
                3A.11  

            	
              Distribution
                Account.

            

    

     

    On
      behalf
      of the Trust Fund, the Trust Administrator shall establish and maintain one
      or
      more accounts (such account or accounts, the “Distribution Account”), held in
      trust for the benefit of the Trustee and the Certificateholders.  The
      Distribution Account shall be an Eligible Account.  The Trust
      Administrator shall give notice to the Servicer, the Trustee and the Depositor
      of the location of the Distribution Account when established and prior to any
      change thereof.  The Trust Administrator will deposit in the
      Distribution Account as identified by the Master Servicer and as received by
      the
      Master Servicer, the following amounts:

     

    (1)           Any
      amounts remitted to the Master Servicer by the Servicer from the Collection
      Account;

     

    (2)           Any
      Advances received from the Servicer or made by the Master Servicer or (if the
      Master Servicer is the Servicer) the Trustee (in each case in its capacity
      as
      successor servicer), and any payments of Compensating Interest received from
      the
      Servicer;

     

    (3)           Any
      Insurance Proceeds or Net Liquidation Proceeds received by or on behalf of
      the
      Master Servicer or which were not deposited in the Collection
      Account;

     

    (4)           Any
      amounts required to be deposited with respect to losses on investments of
      deposits in the Distribution Account; and

     

    (5)           Any
      other amounts received by or on behalf of the Master Servicer and required
      to be
      deposited in the Distribution Account pursuant to this Agreement.

     

    All
      amounts deposited to the Distribution Account shall be held by the Trust
      Administrator in the name of the Trustee in trust for the benefit of the
      Certificateholders in accordance with the terms and provisions of this
      Agreement.  The requirements for crediting the Distribution Account
      shall be exclusive, it being understood and agreed that, without limiting the
      generality of the foregoing, payments in the nature of (A) late payment charges
      or assumption, tax service, statement account or payoff, substitution,
      satisfaction, release and other like fees and charges and (B) the items
      enumerated in Section 3A.12(a) (with respect the clearing and termination
      of the Distribution Account and with respect to amounts deposited in error),
      in
      Section 3A.12(b) or in clauses (i), (ii), (iii) and (iv), (v) of
      Section 3A.12(c), need not be credited by the Master Servicer to the
      Distribution Account.  In the event that the Master Servicer shall
      deposit or cause to be deposited to the Distribution Account any amount not
      required to be credited thereto, the Trustee or the Trust Administrator, upon
      receipt of a written request therefor signed by a Servicing Officer of the
      Master Servicer, shall promptly transfer such amount to the Master Servicer,
      any
      provision herein to the contrary notwithstanding.

     

    The
      Trust
      Administrator may direct any depository institution maintaining the Distribution
      Account to invest the funds on deposit in such account or to hold such funds
      uninvested.  All investments pursuant to this Section 3A.11 shall
      be in one or more Permitted Investments bearing interest or sold at a discount,
      and maturing, unless payable on demand, (i) no later than 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 Trust
      Administrator is the obligor thereon or if such investment is managed or advised
      by a Person other than the Trust Administrator or an Affiliate of the Trust
      Administrator, 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 Trust
      Administrator is the obligor thereon or if such investment is managed or advised
      by the Trust Administrator or any Affiliate.  All such Permitted
      Investments shall be held to maturity, unless payable on demand.  Any
      investment of funds in the Distribution Account shall be made in the name of
      the
      Trustee, or in the name of a nominee of the Trustee.  The Trust
      Administrator shall be entitled to sole possession over each such investment,
      and any certificate or other instrument evidencing any such investment shall
      be
      delivered directly to the Trust Administrator or its agent, together with any
      document of transfer necessary to transfer title to such investment to the
      Trust
      Administrator or its nominee. In the event amounts on deposit in the
      Distribution Account are at any time invested in a Permitted Investment payable
      on demand, the Trust Administrator shall:

     

    (x)           consistent
      with any notice required to be given thereunder, demand that payment thereon
      be
      made on the last day such Permitted Investment may otherwise mature hereunder
      in
      an amount equal to the lesser of (1) all amounts then payable thereunder and
      (2)
      the amount required to be withdrawn on such date; and

     

    (y)           demand
      payment of all amounts due thereunder promptly upon determination by a
      Responsible Officer of the Trust Administrator that such Permitted Investment
      would not constitute a Permitted Investment in respect of funds thereafter
      on
      deposit in the Distribution Account.

     

    All
      income and gain realized from the investment of funds deposited in the
      Distribution Account shall be for the benefit of the Master
      Servicer.  The Master Servicer shall deposit in the Distribution
      Account the amount of any loss of principal incurred in respect of any such
      Permitted Investment made with funds in such Account immediately upon
      realization of such loss.

     

    
      	
              SECTION
                3A.12  

            	
              Permitted
                Withdrawals and Transfers from the Distribution
                Account.

            

    

     

    The
      Trust
      Administrator will, from time to time on demand of the Master Servicer, the
      Servicer or the Trustee, make or cause to be made such withdrawals or transfers
      from the Distribution Account pursuant to this Agreement.  The Trust
      Administrator may clear and terminate the Distribution Account pursuant to
      Section 9.01 and remove amounts from time to time deposited in
      error.

     

    On
      an
      ongoing basis, the Trust Administrator shall withdraw funds from the
      Distribution Account to pay (i) any Extraordinary Trust Fund Expenses including
      but not limited to amounts payable to the Servicer, the Master Servicer or
      the
      Depositor pursuant to Section 6.03, to the Trustee  and the Trust
      Administrator pursuant to Section 8.05, and (ii) any amounts expressly payable
      to the Master Servicer as set forth in Sections 3A.03, 3A.09 and
      3A.10.

     

    The
      Trust
      Administrator may withdraw from the Distribution Account any of the following
      amounts (in the case of any such amount payable or reimbursable to the Servicer,
      only to the extent the Servicer shall not have paid or reimbursed itself such
      amount prior to making any remittance to the Master Servicer pursuant to the
      terms of this Agreement):

     

    (i)           to
      reimburse the Master Servicer or (if the Master Servicer is the Servicer) the
      Trustee (to the extent either of them is obligated to do so as successor
      Servicer) for any Advance of its own funds, the right of the Master Servicer
      or
      the Trustee, as applicable, to reimbursement pursuant to this subclause (i)
      being limited to amounts received on a particular Mortgage Loan (including,
      for
      this purpose, the Purchase Price therefor, Insurance Proceeds, Liquidation
      Proceeds and Subsequent Recoveries) which represent late payments or recoveries
      of the principal of or interest on such Mortgage Loan respecting which such
      Advance was made;

     

    (ii)           to
      reimburse the Master Servicer from Insurance Proceeds, Liquidation Proceeds
      or
      Subsequent Recoveries relating to a particular Mortgage Loan for amounts
      expended by the Master Servicer in good faith in connection with the restoration
      of the related Mortgaged Property which was damaged by an Uninsured Cause or
      in
      connection with the liquidation of such Mortgage Loan;

     

    (iii)           to
      reimburse the Master Servicer from Insurance Proceeds relating to a particular
      Mortgage Loan for insured expenses incurred with respect to such Mortgage Loan
      and to reimburse the Master Servicer from Liquidation Proceeds and Subsequent
      Recoveries from a particular Mortgage Loan for Liquidation Expenses incurred
      with respect to such Mortgage Loan;

     

    (iv)           to
      reimburse the Master Servicer for advances of funds (other than Advances) made
      with respect to the Mortgage Loans, and the right to reimbursement pursuant
      to
      this subclause being limited to amounts received on the related Mortgage Loan
      (including, for this purpose, the Purchase Price therefor, Insurance Proceeds,
      Liquidation Proceeds and Subsequent Recoveries) which represent late recoveries
      of the payments for which such advances were made;

     

    (v)           to
      reimburse the Master Servicer (or if the Master Servicer is the Servicer) the
      Trustee (to the extent either of them is obligated to do so as successor
      servicer) for any Advance or Servicing Advance, after a Realized Loss has been
      allocated with respect to the related Mortgage Loan if the Advance or Servicing
      Advance has not been reimbursed pursuant to clauses (i) through
      (iv);

     

    (vi)           to
      make distributions in accordance with Section 4.01;

     

    (vii)           to
      pay compensation to the Trust Administrator on each Distribution
      Date;

     

    (viii)          to
      pay any amounts in respect of taxes pursuant to
      Section 10.01(g);

     

    (ix)           without
      duplication of the amount set forth in clause (iii) above, to pay any
      Extraordinary Trust Fund Expenses to the extent not paid by the Master Servicer
      from the Distribution Account;

     

    (x)           without
      duplication of any of the foregoing, to reimburse or pay the Servicer any such
      amounts as are due thereto under this Agreement and have not been retained
      by or
      paid to the Servicer, to the extent provided in this Agreement and to refund
      to
      the Servicer any amount remitted by the Servicer to the Master Servicer in
      error;

     

    (xi)           to
      pay to the Master Servicer, any interest or investment income earned on funds
      deposited in the Distribution Account;

     

    (xii)           to
      pay the Credit Risk Manager the Credit Risk Manager Fee;

     

    (xiii)           to
      pay the Backup Servicer the Backup Servicer Fee;

     

    (xiv)          to
      make distributions to the Swap Account in accordance with Section
      4.09;

     

    (xv)           to
      withdraw any amount deposited in the Distribution Account in error;
      and

     

    (xvi)           to
      clear and terminate the Distribution Account pursuant to
      Section 9.01.

     

    The
      Master Servicer shall keep and maintain separate accounting, on a Mortgage
      Loan
      by Mortgage Loan basis, for the purpose of accounting for any reimbursement
      from
      the Distribution Account pursuant to clauses (i) through (v) above or with
      respect to any such amounts which would have been covered by such clauses had
      the amounts not been retained by the Master Servicer without being deposited
      in
      the Distribution Account.

     

    On
      or
      before the Business Day prior to each Distribution Date, the Master Servicer
      or
      (if the Master Servicer is the Servicer) the Trustee (to the extent either
      of
      them is obligated to do so as successor Servicer) shall remit to the Trust
      Administrator for deposit in the Distribution Account any Advances required
      to
      be made by the Master Servicer or the Trustee, as applicable, with respect
      to
      the Mortgage Loans.

     

    ARTICLE
      IV

     

    PAYMENTS
      TO CERTIFICATEHOLDERS

     

    
      	
              SECTION
                4.01  

            	
              Distributions.

            

    

     

    (a)  (1)           On
      each Distribution Date, the Trust Administrator shall, first, withdraw from
      the
      Distribution Account an amount equal to the Credit Risk Manager Fee for such
      Distribution Date and shall pay such amount to the Credit Risk Manager and
      shall
      withdraw from the Distribution Account an amount equal to the Backup Servicer
      Fee for such Distribution Date and shall pay such amount to the Backup Servicer
      and, second, withdraw from the Distribution Account an amount equal to the
      Available Distribution Amount for such Distribution Date and shall distribute
      the following amounts, in the following order of priority:

     

    (I)           On
      each Distribution Date, the Group I Interest Remittance Amount shall be
      distributed to the Certificateholders in the following order of
      priority:

     

    (i)  to
      the
      Holders of the Group I Certificates, the Senior Interest Distribution Amount
      related to such Certificates; and

     

    (ii)  concurrently,
      to the Holders of each Class of Group II Certificates, on a pro rata
      basis based on the entitlement of each such Class, the Senior Interest
      Distribution Amount for each such Class, remaining undistributed after the
      distribution of the Group II Interest Remittance Amount as set forth in Section
      4.01(a)(1)(II)(i) below.

     

    (II)           On
      each Distribution Date, the Group II Interest Remittance Amount shall be
      distributed to the Certificateholders in the following order of
      priority:

     

    (i)  concurrently,
      to the Holders of each Class of Group II Certificates, on a pro rata
      basis based on the entitlement of each such Class, the Senior Interest
      Distribution Amount related to such Certificates; and

     

    (ii)  to
      the
      Holders of the Group I Certificates, the Senior Interest Distribution Amount
      related to such Certificates, remaining undistributed after the distribution
      of
      the Group I Interest Remittance Amount as set forth in Section
      4.01(a)(1)(I)(i).

     

    (III)           On
      each Distribution Date, following the distributions made pursuant to Section
      4.01(a)(1)(I) and (II) above, any remaining Group I Interest Remittance Amount
      and Group II Interest Remittance Amount will be distributed sequentially to
      the
      Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7,
      Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order,
      in
      an amount equal to the Interest Distribution Amount for each such
      Class.

     

    (2)(I)                      On
      each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger
      Event is in effect, the Group I Principal Distribution Amount shall be
      distributed in the following order of priority:

     

    (i)  to
      the
      Holders of the Group I Certificates, until the Certificate Principal Balance
      of
      such Class has been reduced to zero; and

     

    (ii)  to
      the
      Holders of the Group II Certificates (allocated among the Classes of Group
      II
      Certificates in the priority described in Section 4.01(a)(4) below), after
      taking into account the distribution of the Group II Principal Distribution
      Amount as described in Section 4.01(a)(2)(II)(i) below, until the Certificate
      Principal Balances of such Classes have been reduced to zero.

     

    (II)           On
      each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger
      Event is in effect, the Group II Principal Distribution Amount shall be
      distributed in the following order of priority:

     

    (i)  to
      the
      Holders of the Group II Certificates (allocated among the Classes of Group
      II
      Certificates in the priority described in Section 4.01(a)(4) below), until
      the
      Certificate Principal Balances of such Classes have been reduced to zero;
      and

     

    (ii)  to
      the
      Holders of the Group I Certificates, after taking into account the distribution
      of the Group I Principal Distribution Amount as described in Section
      4.01(a)(2)(I)(i) above until the Certificate Principal Balance of such Class
      has
      been reduced to zero.

     

    (III)           On
      each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger
      Event is in effect, the sum of the Group I Principal Distribution Amount and
      the
      Group II Principal Distribution Amount remaining undistributed for such
      Distribution Date shall be distributed sequentially to the Class M-1, Class
      M-2,
      Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9,
      Class M-10 and Class M-11 Certificates, in that order, in each case, until
      the
      Certificate Principal Balance of such Class has been reduced to
      zero.

     

    (IV)           On
      each Distribution Date (a) on or after the Stepdown Date and (b) on which a
      Trigger Event is not in effect, the Group I Principal Distribution Amount shall
      be distributed in the following order of priority:

     

    (i)  to
      the
      Holders of the Group I Certificates, the Group I Senior Principal Distribution
      Amount, until the Certificate Principal Balance of such Class has been reduced
      to zero; and

     

    (ii)  to
      the
      Holders of the Group II Certificates (allocated among the Classes of Group
      II
      Certificates in the priority described in Section 4.01(a)(4) below), after
      taking into account the distribution of the Group II Principal Distribution
      Amount as described in Section 4.01(a)(2)(V)(i) below, up to an amount equal
      to
      the Group II Senior Principal Distribution Amount remaining undistributed,
      until
      the Certificate Principal Balances of such Classes have been reduced to
      zero.

     

    (V)           On
      each Distribution Date (a) on or after the Stepdown Date and (b) on which a
      Trigger Event is not in effect, the Group II Principal Distribution Amount
      shall
      be distributed in the following order of priority:

     

    (i)  to
      the
      Holders of the Group II Certificates (allocated among the Classes of Group
      II
      Certificates in the priority described in Section 4.01(a)(4) below), the Group
      II Senior Principal Distribution Amount, until the Certificate Principal
      Balances of such Classes have been reduced to zero; and

     

    (ii)  to
      the
      Holders of the Group I Certificates, after taking into account the distribution
      of the Group I Principal Distribution Amount as described in Section
      4.01(a)(2)(IV)(i) above, up to an amount equal to the Group I Senior Principal
      Distribution Amount remaining undistributed, until the Certificate Principal
      Balance of such Class has been reduced to zero.

     

    (VI)           On
      each Distribution Date (a) on or after the Stepdown Date and (b) on which a
      Trigger Event is not in effect, the sum of the Group I Principal Distribution
      Amount and the Group II Principal Distribution Amount remaining undistributed
      for such Distribution Date shall be distributed in the following order of
      priority:

     

    (i)  to
      the
      Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution
      Amount, until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (ii)  to
      the
      Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution
      Amount, until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (iii)  to
      the
      Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution
      Amount, until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (iv)  to
      the
      Holders of the Class M-4 Certificates, the Class M-4 Principal Distribution
      Amount, until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (v)  to
      the
      Holders of the Class M-5 Certificates, the Class M-5 Principal Distribution
      Amount, until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (vi)  to
      the
      Holders of the Class M-6 Certificates, the Class M-6 Principal Distribution
      Amount, until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (vii)  to
      the
      Holders of the Class M-7 Certificates, the Class M-7 Principal Distribution
      Amount, until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (viii)  to
      the
      Holders of the Class M-8 Certificates, the Class M-8 Principal Distribution
      Amount, until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (ix)  to
      the
      Holders of the Class M-9 Certificates, the Class M-9 Principal Distribution
      Amount, until the Certificate Principal Balance thereof has been reduced to
      zero;

     

    (x)  to
      the
      Holders of the Class M-10 Certificates, the Class M-10 Principal Distribution
      Amount, until the Certificate Principal Balance thereof has been reduced to
      zero; and

     

    (xi)   to
      the Holders of the Class M-11 Certificates, the Class M-11 Principal
      Distribution Amount, until the Certificate Principal Balance thereof has been
      reduced to zero.

     

    (3)           On
      each Distribution Date, the Net Monthly Excess Cashflow shall be distributed
      by
      the Trust Administrator as follows:

     

    (i)  to
      the
      Holders of the Class or Classes of Certificates then entitled to receive
      distributions in respect of principal in an amount equal to the
      Overcollateralization Increase Amount for the Certificates, distributable as
      part of the Group I Principal Distribution Amount and the Group II Principal
      Distribution Amount;

     

    (ii)  sequentially,
      to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5,
      Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11
      Certificates, in that order, in each case, in an amount equal to the Interest
      Carry Forward Amount allocable to such Class of Certificates;

     

    (iii)  sequentially
      to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5,
      Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11
      Certificates, in that order, in each case up to the related Allocated Realized
      Loss Amount related to each such Class of Certificates for such Distribution
      Date;

     

    (iv)  to
      the
      Net WAC Rate Carryover Reserve Account, any Net WAC Rate Carryover Amounts
      for
      the Floating Rate Certificates;

     

    (v)  to
      the
      Swap Provider, any Swap Termination Payments resulting from a Swap Provider
      Trigger Event;

     

    (vi)  to
      reimburse the Servicer for the amount of any P&I Advances or Servicing
      Advances added to the unpaid principal balance of a Mortgage Loan pursuant
      to a
      capitalization modification permitted in accordance with the proviso in the
      last
      sentence of Section 3.07 (it being understood that with respect to any P&I
      Advances or Servicing Advances outstanding on any modified Mortgage Loan that
      was modified pursuant to any modification of a kind not contemplated and
      permitted by such proviso, then such advances shall only be reimbursable as
      provided in clauses (ii), (iii) and (vi) of Section 3.11(a));

     

    (vii)  to
      the
      Holders of the Class CE-1 Certificates, (a) the Interest Distribution Amount
      and
      any Overcollateralization Reduction Amount for such Distribution Date and (b)
      on
      any Distribution Date on which the aggregate Certificate Principal Balance
      of
      the Floating Rate Certificates have been reduced to zero, any remaining amounts
      in reduction of the Certificate Principal Balance of the Class CE-1
      Certificates, until the Certificate Principal Balance thereof has been reduced
      to zero; and

     

    (viii)  to
      the
      Holders of the Class R Certificates, any remaining amounts; provided that if
      such Distribution Date is the Distribution Date immediately following the
      expiration of the latest Prepayment Charge term on a Mortgage Loan as identified
      on the Mortgage Loan Schedule or any Distribution Date thereafter, then any
      such
      remaining amounts will be distributed first, to the Holders of the Class P
      Certificates, until the Certificate Principal Balance thereof has been reduced
      to zero; and second, to the Holders of the Class R Certificates.

     

    (4)           With
      respect to the Group II Certificates, all principal distributions will be
      distributed sequentially, to the Class A-2A, Class A-2B, Class A-2C and Class
      A-2D Certificates, in that order, until the respective Certificate Principal
      Balance of each such Class has been reduced to zero, with the exception that
      on
      any Distribution Date on which the aggregate Certificate Principal Balance
      of
      the Mezzanine Certificates and the Class CE-1 Certificates has been reduced
      to
      zero, principal distributions will be allocated concurrently, to the Class
      A-2A,
      Class A-2B, Class A-2C and Class A-2D Certificates, on a pro rata basis
      based on the Certificate Principal Balances of each such Class, until their
      respective Certificate Principal Balances have been reduced to
      zero.

     

    (5)           On
      each Distribution Date, after making the distributions of the Available
      Distribution Amount as set forth above, the Trust Administrator will withdraw
      from the Net WAC Rate Carryover Reserve Account, to the extent of amounts
      remaining on deposit therein, the amount of any Net WAC Rate Carryover Amount
      for such Distribution Date and distribute such amount in the following order
      of
      priority:

     

    (i)  concurrently,
      to the Class A Certificates, on a pro rata basis based on the
      Certificate Principal Balance for each such Class prior to any distributions
      of
      principal on such Distribution Date and then on a pro rata basis based
      on any remaining Net WAC Rate Carryover Amount for each such Class;
      and

     

    (ii)  sequentially,
      to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class
      M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that
      order, the related Net WAC Rate Carryover Amount.

     

    (6)           On
      each Distribution Date, after making the distributions of the Available
      Distribution Amount, Net Monthly Excess Cashflow and amounts on the deposit
      in
      the Net WAC Rate Carryover Reserve Account as set forth above, the Trust
      Administrator shall distribute the amount on deposit in the Cap Account (other
      than any termination payments received under the Interest Rate Cap Agreement
      not
      related to an optional termination of the Trust) as follows:

     

    (i)  concurrently,
      to each Class of Class A Certificates, the related Senior Interest Distribution
      Amount remaining undistributed, on a pro rata basis based on such
      respective remaining Senior Interest Distribution Amount;

     

    (ii)  to
      the
      Holders of the Class or Classes of Certificates then entitled to receive
      distributions in respect of principal, in an amount equal to any remaining
      Overcollateralization Increase Amount;

     

    (iii)  sequentially,
      to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class
      M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that
      order, the related Interest Distribution Amount and Interest Carry Forward
      Amount, to the extent remaining undistributed;

     

    (iv)  sequentially
      to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class
      M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that
      order, in each case up to the related Allocated Realized Loss Amount related
      to
      such Certificates for such Distribution Date remaining
      undistributed;

     

    (v)  concurrently,
      to each Class of Class A Certificates, the related Net WAC Rate Carryover Amount
      remaining undistributed, on a pro rata basis based on the Certificate
      Principal Balance for each such Class prior to any distributions of principal
      on
      such Distribution Date and then on a pro rata basis based on such
      respective remaining Net WAC Rate Carryover Amounts; and

     

    (vi)  sequentially,
      to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class
      M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that
      order, the related Net WAC Rate Carryover Amount remaining
      undistributed.

     

    (7)           On
      or before each Distribution Date, Net Swap Payments (whether payable to the
      Swap
      Provider or to the Supplemental Interest Trust Trustee), any Swap Termination
      Payment owed to the Swap Provider not resulting from a Swap Provider Trigger
      Event pursuant to the Interest Rate Swap Agreement and any Swap Termination
      Payments owed to the Supplemental Interest Trust Trustee will be deposited
      by
      the Supplemental Interest Trust Trustee into the Swap Account.  On
      each Distribution Date, the Trust Administrator shall withdraw from amounts
      on
      deposit in the Swap Account (other than amounts representing Swap Termination
      Payments received by the Supplemental Interest Trust Trustee or Net Swap
      Payments received by the Supplemental Interest Trust Trustee) prior to any
      distribution to any Certificates and pay as follows:

     

    (i)  to
      the
      Swap Provider, any Net Swap Payment owed to the Swap Provider pursuant to the
      Interest Rate Swap Agreement for such Distribution Date;

     

    (ii)  to
      the
      Swap Provider, any Swap Termination Payment owed to the Swap Provider not due
      to
      a Swap Provider Trigger Event pursuant to the Interest Rate Swap Agreement
      and
      to the extent not paid by the Trust Administrator (in its capacity as
      Supplemental Interest Trust Trustee) from any upfront payment received pursuant
      to any replacement interest rate swap agreement;

     

    On
      each
      Distribution Date, after making the distributions of the Available Distribution
      Amount, Net Monthly Excess Cashflow and amounts on the deposit in the Net WAC
      Rate Carryover Reserve Account as set forth above, the Trust Administrator
      shall
      distribute the amount on deposit in the Swap Account as follows:

     

    (i)  concurrently,
      to each Class of Class A Certificates, the related Senior Interest Distribution
      Amount remaining undistributed, on a pro rata basis based on such
      respective remaining Senior Interest Distribution Amount;

     

    (ii)  to
      the
      Holders of the Class or Classes of Certificates then entitled to receive
      distributions in respect of principal, in an amount equal to any remaining
      Overcollateralization Increase Amount;

     

    (iii)  sequentially,
      to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class
      M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that
      order, the related Interest Distribution Amount and Interest Carry Forward
      Amount, to the extent remaining undistributed;

     

    (iv)  sequentially
      to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class
      M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that
      order, in each case up to the related Allocated Realized Loss Amount related
      to
      such Certificates for such Distribution Date remaining
      undistributed;

     

    (v)  concurrently,
      to each Class of Class A Certificates, the related Net WAC Rate Carryover Amount
      remaining undistributed, on a pro rata basis based on the Certificate
      Principal Balance for each such Class prior to any distributions of principal
      on
      such Distribution Date and then on a pro rata basis based on such
      respective remaining Net WAC Rate Carryover Amounts; and

     

    (vi)  sequentially,
      to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class
      M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that
      order, the related Net WAC Rate Carryover Amount remaining undistributed;
      and

     

    (vii)  to
      the
      Class CE-1 Certificates.

     

    (8)           On
      each Distribution Date, the following amounts, in the following order of
      priority, shall be distributed by REMIC I to REMIC II on account of the REMIC
      I
      Regular Interests and distributed to the holders of the Class R Certificates
      (in
      respect of the Class R-I Interest), as the case may be:

     

    (i)  With
      respect to the Group I Mortgage Loans:

     

    (A)           to
      Holders of REMIC I Regular Interest I and REMIC I Regular Interest I-1-A through
      I-46-B, pro rata, in an amount equal to (A) Uncertificated Interest for
      such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts
      payable in respect thereof remaining unpaid from previous Distribution Dates;
      and

     

    (B)           to
      the extent of amounts remaining after the distributions made pursuant to clause
      (i) above, payments of principal shall be allocated first, to REMIC I Regular
      Interest I, then to REMIC I Regular interests I-1-A through I-46-B starting
      with
      the lowest numerical denomination until the Uncertificated Balance of each
      such
      REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular
      Interests with the same numerical denomination, such payments of principal
      shall
      be allocated pro rata between such REMIC I Regular
      Interests.

     

    (ii)  With
      respect to the Group II Mortgage Loans:

     

    (A)           to
      Holders of REMIC I Regular Interest II and REMIC I Regular Interest II-1-A
      through II-46-B, pro rata, in an amount equal to (A) Uncertificated
      Interest for such REMIC I Regular Interests for such Distribution Date, plus
      (B)
      any amounts payable in respect thereof remaining unpaid from previous
      Distribution Dates; and

     

    (B)           to
      the extent of amounts remaining after the distributions made pursuant to clause
      (i) above, payments of principal shall be allocated first, to REMIC I Regular
      Interest II, then to REMIC I Regular interests II-1-A through II-46-B starting
      with the lowest numerical denomination until the Uncertificated Balance of
      each
      such REMIC I Regular Interest is reduced to zero, provided that, for REMIC
      I
      Regular Interests with the same numerical denomination, such payments of
      principal shall be allocated pro rata between such REMIC I Regular
      Interests.

     

    (iii)   to
      the Holders of REMIC I Regular Interest I-46-A all amounts representing
      Prepayment Charges in respect of the Group I Mortgage Loans received during
      the
      related Prepayment Period and to the Holders of REMIC I Regular Interest II-46-A
      all amounts representing Prepayment Charges in respect of the Group II Mortgage
      Loans received during the related Prepayment Period.

     

    (8)           On
      each Distribution Date, the following amounts, in the following order of
      priority, shall be distributed by REMIC II to REMIC III on account of the REMIC
      II Regular Interests or withdrawn from the Distribution Account and distributed
      to the holders of the Class R-II Interest, as the case may be:

     

    (i)  first,
      to
      the Holders of REMIC II Regular Interest LTIO, in an amount equal to (A)
      Uncertificated Interest for such REMIC II Regular Interest for such Distribution
      Date, plus (B) any amounts in respect thereof remaining unpaid from previous
      Distribution Dates and second, to Holders of REMIC II Regular Interest LTAA,
      REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2A, REMIC II
      Regular Interest LTA2B, REMIC II Regular Interest LTA2C, REMIC II Regular
      Interest LTA2D, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2,
      REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular
      Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7,
      REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9, REMIC II Regular
      Interest LTM10, REMIC II Regular Interest LTM11, REMIC II Regular Interest
      LTZZ
      and REMIC II Regular Interest LTP, pro rata in an amount equal to (A)
      the Uncertificated Interest for such Distribution Date, plus (B) any amounts
      in
      respect thereof remaining unpaid from previous Distribution
      Dates.  Amounts payable as Uncertificated Interest in respect of REMIC
      II Regular Interest LTZZ shall be reduced when the sum of the REMIC II
      Overcollateralized Amount is less than the REMIC II Required Overcollateralized
      Amount, by the lesser of (x) the amount of such difference and (y) the Maximum
      LTZZ Uncertificated Interest Deferral Amount and such amounts will be payable
      to
      the Holders of REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2A,
      REMIC II Regular Interest LTA2B, REMIC II Regular Interest LTA2C, REMIC II
      Regular Interest LTA2D, REMIC II Regular Interest LTM1, REMIC II Regular
      Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4,
      REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular
      Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9,
      REMIC II Regular Interest LTM10 and REMIC II Regular Interest LTM11,, in the
      same proportion as the Overcollateralization Increase Amount is allocated to
      the
      Corresponding Certificates and the Uncertificated Balance of REMIC II Regular
      Interest LTZZ shall be increased by such amount;

     

    (ii)  to
      Holders of REMIC II Regular Interest LT1SUB, REMIC II Regular Interest LT1GRP,
      REMIC II Regular Interest LT2SUB, REMIC II Regular Interest LT2GRP and REMIC
      II
      Regular Interest LTXX, pro rata, in an amount equal to (A) the
      Uncertificated Interest for such Distribution Date, plus (B) any amounts in
      respect thereof remaining unpaid from previous Distribution Dates;

     

    (iii)  to
      the
      Holders of REMIC II Regular Interests, in an amount equal to the remainder
      of
      the REMIC II Marker Allocation Percentage of the Available Distribution Amount
      for such Distribution Date after the distributions made pursuant to clause
      (i)
      above, allocated as follows:

     

    (a)           98.00%
      of such remainder (less the amount payable in clause (v) below) to the Holders
      of REMIC II Regular Interest LTAA, until the Uncertificated Balance of such
      REMIC II Regular Interest is reduced to zero;

     

    (b)           2.00%
      of such remainder (less the amount payable in clause (v) below) first, to the
      Holders of REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2A,
      REMIC II Regular Interest LTA2B, REMIC II Regular Interest LTA2C, REMIC II
      Regular Interest LTA2D, REMIC II Regular Interest LTM1, REMIC II Regular
      Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4,
      REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular
      Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9,
      REMIC II Regular Interest LTM10 and REMIC II Regular Interest LTM11, and in
      the
      same proportion as principal payments are allocated to the Corresponding
      Certificates, until the Uncertificated Balances of such REMIC II Regular
      Interests are reduced to zero and second, to the Holders of REMIC II Regular
      Interest LTZZ, until the Uncertificated Balance of such REMIC II Regular
      Interest is reduced to zero;

     

    (c)           to
      the Holders of REMIC II Regular Interest LTP, on the Distribution Date
      immediately following the expiration of the latest Prepayment Charge as
      identified on the Prepayment Charge Schedule or any Distribution Date thereafter
      until $100 has been distributed pursuant to this clause;

     

    (d)           any
      remaining amount to the Holders of the Class R Certificate, in respect of the
      Class R-II Interest;

     

    provided,
      however, that 98.00% and 2.00% of any principal payments that are attributable
      to an Overcollateralization Reduction Amount shall be allocated to Holders
      of
      REMIC II Regular Interest LTAA and REMIC II Regular Interest LTZZ,
      respectively.

     

    (iv)  to
      the
      Holders of REMIC II Regular Interests, in an amount equal to the remainder
      of
      the REMIC II Sub WAC Allocation Percentage of Available Funds for such
      Distribution Date after the distributions made pursuant to clause (ii) above,
      and such that distributions of principal shall be deemed to be made to the
      REMIC
      II Regular Interests first, so as to keep the Uncertificated Balance of each
      REMIC II Regular Interest ending with the designation “GRP” equal to 0.01% of
      the aggregate Stated Principal Balance of the Mortgage Loans in the related
      Loan
      Group; second, to each REMIC II Regular Interest ending with the designation
      “SUB,” so that the Uncertificated Balance of each such REMIC II Regular Interest
      is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance
      of
      the Mortgage Loans in the related Loan Group over (y) the current Certificate
      Principal Balance of the Class A Certificate in the related Loan Group (except
      that if any such excess is a larger number than in the preceding distribution
      period, the least amount of principal shall be distributed to such REMIC II
      Regular Interests such that the REMIC II Subordinated Balance Ratio is
      maintained); and third, any remaining principal to REMIC II Regular Interest
      LTXX; and

     

    (v)  any
      remaining amount to the Holders of the Class R Certificates (as Holder of the
      Class R-II Interest).

     

    (b)  On
      each
      Distribution Date, the Trust Administrator shall distribute from amounts on
      deposit in the Distribution Account to the Holders of the Class CE-2
      Certificates, one-twelfth of the product of (i) the excess, if any, of the
      Servicing Fee Rate over the Ameriquest Servicing Fee Rate multiplied by (ii)
      the
      Scheduled Principal Balance of the Mortgage Loan as of the Due Date in the
      preceding calendar month (the “Excess Servicing Fee”).

     

    (c)  On
      each
      Distribution Date, the Trust Administrator shall withdraw any amounts then
      on
      deposit in the Distribution Account that represent Prepayment Charges collected
      by the Servicer or any Sub-Servicer and remitted to the Master Servicer in
      connection with the Principal Prepayment of any of the Mortgage Loans or any
      Servicer Prepayment Charge Payment Amount and shall distribute such amounts
      to
      the Holders of the Class P Certificates. Such distributions shall not be applied
      to reduce the Certificate Principal Balance of the Class P
      Certificates.

     

    Following
      the foregoing distributions, an amount equal to the amount of Subsequent
      Recoveries shall be applied to increase the Certificate Principal Balance of
      the
      Class of Certificates with the Highest Priority up to the extent of such
      Realized Losses previously allocated to that Class of Certificates pursuant
      to
      Section 4.04.  An amount equal to the amount of any remaining
      Subsequent Recoveries shall be applied to increase the Certificate Principal
      Balance of the Class of Certificates with the next Highest Priority, up to
      the
      amount of such Realized Losses previously allocated to that Class of
      Certificates pursuant to Section 4.04.  Holders of such Certificates
      will not be entitled to any distribution in respect of interest on the amount
      of
      such increases for any Interest Accrual Period preceding the Distribution Date
      on which such increase occurs.  Any such increases shall be applied to
      the Certificate Principal Balance of each Certificate of such Class in
      accordance with its respective Percentage Interest.

     

    (d)  All
      distributions made with respect to each Class of Certificates on each
      Distribution Date shall be allocated pro rata among the outstanding
      Certificates in such Class based on their respective Percentage
      Interests.  Payments in respect of each Class of Certificates on each
      Distribution Date will be made to the Holders of the respective Class of record
      on the related Record Date (except as otherwise provided in Section 4.01(e)
      or
      Section 9.01 respecting the final distribution on such Class), based on the
      aggregate Percentage Interest represented by their respective Certificates,
      and
      shall be made by wire transfer of immediately available funds to the account
      of
      any such Holder at a bank or other entity having appropriate facilities
      therefor, if such Holder shall have so notified the Trust Administrator in
      writing at least five Business Days prior to the Record Date immediately prior
      to such Distribution Date and with respect to any Class of Certificates other
      than the Residual Certificates is the registered owner of Certificates having
      an
      initial aggregate Certificate Principal Balance that is in excess of the lesser
      of (i) $5,000,000 or (ii) two-thirds of the initial Certificate Principal
      Balance of such Class of Certificates, or otherwise by check mailed by first
      class mail to the address of such Holder appearing in the Certificate Register.
      The final distribution on each Certificate will be made in like manner, but
      only
      upon presentment and surrender of such Certificate at the Corporate Trust Office
      of the Trust Administrator or such other location specified in the notice to
      Certificateholders of such final distribution.

     

    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 Trust Administrator, the Master Servicer, the Depositor or the
      Servicer shall have any responsibility therefor except as otherwise provided
      by
      this Agreement or applicable law.

     

    (d)  The
      rights of the Certificateholders to receive distributions in respect of the
      Certificates, and all interests of the Certificateholders in such distributions,
      shall be as set forth in this Agreement. None of the Holders of any Class of
      Certificates, the Depositor, the Trustee, the Trust Administrator, the Master
      Servicer or the Servicer shall in any way be responsible or liable to the
      Holders of any other Class of Certificates in respect of amounts properly
      previously distributed on the Certificates.

     

    (e)  Except
      as
      otherwise provided in Section 9.01, whenever the Trust Administrator expects
      that the final distribution with respect to any Class of Certificates will
      be
      made on the next Distribution Date, the Trust Administrator shall, no later
      than
      five days after the latest related Determination Date, mail on such date to
      each
      Holder of such Class of Certificates a notice to the effect that:

     

    (i)  the
      Trust
      Administrator expects 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 Trust Administrator
      therein specified, and

     

    (ii)  no
      interest shall accrue on such Certificates from and after the end of the related
      Interest Accrual Period.

     

    (iii)  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 by the
      Trust Administrator 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(e) shall not have been surrendered for
      cancellation within six months after the time specified in such notice, the
      Trust Administrator 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 one year after
      the second notice all such Certificates shall not have been surrendered for
      cancellation, the Trust Administrator shall, directly or through an agent,
      mail
      a final notice to remaining non-tendering Certificateholders concerning
      surrender of their Certificates and shall continue to hold any remaining funds
      for the benefit of non-tendering Certificateholders. The costs and expenses
      of
      maintaining the funds in trust and of contacting such Certificateholders shall
      be paid out of the assets remaining in such trust fund. If within one year
      after
      the final notice any such Certificates shall not have been surrendered for
      cancellation, the Trust Administrator shall pay to Citigroup Global Markets
      Inc.
      all such amounts, and all rights of non-tendering Certificateholders in or
      to
      such amounts shall thereupon cease.  No interest shall accrue or be
      payable to any Certificateholder on any amount held in trust by the Trust
      Administrator as a result of such Certificateholder’s failure to surrender its
      Certificate(s) for final payment thereof in accordance with this Section
      4.01(e).  Any such amounts held in trust by the Trust Administrator
      shall be held in an Eligible Account and the Trust Administrator may direct
      any
      depository institution maintaining such account to invest the funds in one
      or
      more Permitted Investments. All income and gain realized from the investment
      of
      funds deposited in such accounts held in trust by the Trust Administrator shall
      be for the benefit of the Trust Administrator; provided, however that the Trust
      Administrator shall deposit in such account the amount of any loss of principal
      incurred in respect of any such Permitted Investment made with funds in such
      accounts immediately upon the realization of such loss.

     

    (f)  Notwithstanding
      anything to the contrary herein, (i) in no event shall the Certificate Principal
      Balance of a Class A Certificate or a Mezzanine Certificate be reduced more
      than
      once in respect of any particular amount allocated to such Certificate in
      respect of Realized Losses pursuant to Section 4.04 and (ii) in no event shall
      the Uncertificated Balance of a REMIC Regular Interest be reduced more than
      once
      in respect of any particular amount both (a) allocated to such REMIC Regular
      Interest in respect of Realized Losses pursuant to Section 4.04 and (b)
      distributed on such REMIC Regular Interest in reduction of the Uncertificated
      Balance thereof pursuant to this Section 4.01.

     

    
      	
              SECTION
                4.02  

            	
              Statements
                to Certificateholders.

            

    

     

    On
      each
      Distribution Date, based (in part), as applicable, on information provided
      to
      the Trust Administrator by the Master Servicer (which in turn shall be based
      (in
      part), as applicable, on information provided to the Master Servicer by the
      Servicer), the Trust Administrator shall prepare and make available on its
      website a statement as to the distributions made on such Distribution Date
      setting forth:

     

    (i)  the
      amount of the distribution made on such Distribution Date to the Holders of
      Certificates of each such Class allocable to principal, the amount of the
      distribution made on such Distribution Date to the Holders of the Class P
      Certificates allocable to Prepayment Charges and the amount of the distribution
      made on such Distribution Date to the Holders of the Class CE-2
      Certificates;

     

    (ii)  the
      amount of the distribution made on such Distribution Date to the Holders of
      Certificates of each such Class allocable to interest;

     

    (iii)  the
      aggregate amount of P&I Advances for such Distribution Date;

     

    (iv)  the
      fees
      and expenses of the trust accrued and paid on such Distribution Date and to
      whom
      such fees and expenses were paid;

     

    (v)  the
      aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties
      for such Distribution Date;

     

    (vi)  the
      number, aggregate principal balance, weighted average remaining term to maturity
      and weighted average Mortgage Rate of the Mortgage Loans as of the related
      Due
      Date;

     

    (vii)  the
      number and aggregate unpaid principal balance of Mortgage Loans in respect
      of
      which (a) one monthly payment is delinquent, (b) two monthly payments are
      delinquent, (c) three monthly payments are delinquent and (d) foreclosure
      proceedings have begun, calculated in accordance with the OTS
      method;

     

    (viii)  the
      Delinquency Percentage and the Realized Loss Percentage;

     

    (ix)  the
      Stated Principal Balance of any REO Property as of the close of business on
      the
      last Business Day of the calendar month preceding the Distribution
      Date;

     

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

     

    (xi)  the
      aggregate amount of Realized Losses incurred during the related Prepayment
      Period (or, in the case of Bankruptcy Losses allocable to interest, during
      the
      related Due Period), separately identifying whether such Realized Losses
      constituted Bankruptcy Losses;

     

    (xii)  the
      aggregate amount of Extraordinary Trust Fund Expenses withdrawn from the
      Collection Account or the Distribution Account for such Distribution
      Date;

     

    (xiii)  the
      aggregate Certificate Principal Balance of each such Class of Certificates,
      after giving effect to the distributions, and allocations of Realized Losses
      and
      Extraordinary Trust Fund Expenses, made on such Distribution Date, separately
      identifying any reduction thereof due to allocations of Realized Losses and
      Extraordinary Trust Fund Expenses;

     

    (xiv)  the
      Certificate Factor for each such Class of Certificates applicable to such
      Distribution Date;

     

    (xv)  the
      Interest Distribution Amount in respect of each such Class of Certificates
      for
      such Distribution Date (separately identifying any reductions in the case of
      Subordinate Certificates resulting from the allocation of Realized Losses
      allocable to interest and Extraordinary Trust Fund Expenses on such Distribution
      Date) and the respective portions thereof, if any, remaining unpaid following
      the distributions made in respect of such Certificates on such Distribution
      Date;

     

    (xvi)  the
      aggregate amount of any Prepayment Interest Shortfalls for such Distribution
      Date, to the extent not covered by payments by the Servicer pursuant to Section
      3.24;

     

    (xvii)  the
      aggregate amount of Relief Act Interest Shortfalls for such Distribution
      Date;

     

    (xviii)  the
      Net
      Monthly Excess Cashflow, the Overcollateralization Target Amount, the
      Overcollateralized Amount, the Overcollateralization Reduction Amount, the
      Overcollateralization Increase Amount and the Credit Enhancement
      Percentage;

     

    (xix)  with
      respect to Mortgage Loans as to which a Final Liquidation has occurred, the
      number of Mortgage Loans, the unpaid principal balance of such Mortgage Loans
      as
      of the date of such Final Liquidation and the amount of proceeds (including
      Liquidation Proceeds and Insurance Proceeds) collected in respect of such
      Mortgage Loans;

     

    (xx)  any
      Allocated Realized Loss Amount with respect to each Class of Certificates for
      such Distribution Date;

     

    (xxi)  the
      amounts deposited into the Net WAC Rate Carryover Reserve Account for such
      Distribution Date, the amounts withdrawn from such account and distributed
      to
      each Class of Certificates, and the amounts remaining on deposit in such account
      after all deposits into and withdrawals from such account on such Distribution
      Date;

     

    (xxii)  the
      Net
      WAC Rate Carryover Amounts for each Class of Certificates, if any, for such
      Distribution Date and the amounts remaining unpaid after reimbursements therefor
      on such Distribution Date;

     

    (xxiii)  whether
      a
      Stepdown Date or Trigger Event is in effect;

     

    (xxiv)  the
      total
      cashflows received and the general sources thereof;

     

    (xxv)  if
      applicable, unless otherwise set forth in the Form 10-D relating to such
      Distribution Date, 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;

     

    (xxvi)   the
      applicable Record Dates, Interest Accrual Periods and Determination Dates for
      calculating distributions for such Distribution Date;

     

    (xxvii)  payments,
      if any, made under the Interest Rate Cap Agreement and the amount distributed
      to
      the Floating Rate Certificates from payments made under the Interest Rate Cap
      Agreement;

     

    (xxviii)  the
      amount of any Net Swap Payments or Swap Termination Payments for such
      Distribution Date;

     

    (xxix)  the
      Significance Percentage for such Distribution Date; and

     

    (xxx)  the
      respective Pass-Through Rates applicable to the Floating Rate Certificates
      for
      such Distribution Date (and whether such Pass-Through Rate was limited by the
      Net WAC Pass-Through Rate) and the Pass-Through Rate applicable to the Floating
      Rate Certificates for the immediately succeeding Distribution Date.

     

    In
      the
      case of information furnished pursuant to subclauses (i) through (iii) above,
      the amounts shall be expressed as a dollar amount per Single Certificate of
      the
      relevant Class.

     

    The
      Trust
      Administrator will make such statement (and, at its option, any additional
      files
      containing the same information in an alternative format) available each month
      to Certificateholders, the Master Servicer, the Servicer, the Depositor, the
      Credit Risk Manager, the Interest Rate Cap Provider, the Swap Provider and
      the
      Rating Agencies via the Trust Administrator’s internet website.  The
      Trust Administrator’s internet website shall initially be located at
“www.ctslink.com”.  Assistance in using the website can be obtained by
      calling the Trust Administrator’s customer service desk at (866)
      846-4526.  Parties that are unable to use the above distribution
      options are entitled to have a paper copy mailed to them via first class mail
      by
      calling the customer service desk and indicating such. The Trust Administrator
      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 Trust Administrator shall provide timely and adequate
      notification to all above parties regarding any such changes.  As a
      condition to access the Trust Administrator’s internet website, the Trust
      Administrator may require registration and the acceptance of a
      disclaimer.  The Trust Administrator will not be liable for the
      dissemination of information in accordance with this Agreement.  The
      Trust Administrator shall also be entitled to rely on but shall not be
      responsible for the content or accuracy of any information provided by third
      parties for purposes of preparing the distribution date statement and may affix
      thereto any disclaimer it deems appropriate in its reasonable discretion
      (without suggesting liability on the part of any other party
      thereto).

     

    For
      all
      purposes of this Agreement, with respect to any Mortgage Loan, delinquencies
      shall be determined by the Trust Administrator from information provided by
      the
      Servicer and reported by the Trust Administrator based on the OTS methodology
      for determining delinquencies on mortgage loans similar to the Mortgage
      Loans.  By way of example, a Mortgage Loan would be delinquent with
      respect to a Monthly Payment due on a Due Date if such Monthly Payment is not
      made by the close of business on the Mortgage Loan's next succeeding Due Date,
      and a Mortgage Loan would be more than 30-days Delinquent with respect to such
      Monthly Payment if such Monthly Payment were not made by the close of business
      on the Mortgage Loan’s second succeeding Due Date.  The Servicer hereby represents and warrants
      to the
      Depositor that the Servicer is not subject to any delinquency recognition policy
      established by the primary safety and soundness regulator, if any, of the
      Servicer, that is more restrictive than the foregoing delinquency recognition
      policy.

     

    Within
      a
      reasonable period of time after the end of each calendar year, the Trust
      Administrator shall, upon written request, forward to each Person (with a copy
      to the Trustee) who at any time during the calendar year was a Holder of a
      Regular Certificate a statement containing the information set forth in
      subclauses (i) through (iii) above, aggregated for such calendar year or
      applicable portion thereof during which such person was a Certificateholder.
      Such obligation of the Trust Administrator shall be deemed to have been
      satisfied to the extent that substantially comparable information shall be
      provided by the Trust Administrator pursuant to any requirements of the Code
      as
      from time to time are in force.

     

    On
      each
      Distribution Date, the Trust Administrator shall make available to the
      Depositor, each Holder of a Residual Certificate, the Trustee, the Servicer
      and
      the Credit Risk Manager, a copy of the reports forwarded to the Regular
      Certificateholders on such Distribution Date and a statement setting forth
      the
      amounts, if any, actually distributed with respect to the Residual Certificates,
      respectively, on such Distribution Date.

     

    Within
      a
      reasonable period of time after the end of each calendar year, the Trust
      Administrator shall forward to each Person (with a copy to the Trustee) who
      at
      any time during the calendar year was a Holder of a Residual Certificate a
      statement setting forth the amount, if any, actually distributed with respect
      to
      the Residual Certificates, as appropriate, aggregated for such calendar year
      or
      applicable portion thereof during which such Person was a Certificateholder.
      Such obligation of the Trust Administrator shall be deemed to have been
      satisfied to the extent that substantially comparable information shall be
      provided by the Trust Administrator to such Holders pursuant to the rules and
      regulations of the Code as are in force from time to time.

     

    Upon
      request, the Trust Administrator shall forward to each Certificateholder, during
      the term of this Agreement, such periodic, special, or other reports or
      information, whether or not provided for herein, as shall be reasonable with
      respect to the Certificateholder, or otherwise with respect to the purposes
      of
      this Agreement, all such reports or information to be provided at the expense
      of
      the Certificateholder in accordance with such reasonable and explicit
      instructions and directions as the Certificateholder may provide. For purposes
      of this Section 4.02, the Trust Administrator’s duties are limited to the extent
      that the Master Servicer receives timely reports as required from the
      Servicer.

     

    On
      each
      Distribution Date, the Trust Administrator shall provide Bloomberg Financial
      Markets, L.P. (“Bloomberg”) on its website (1) CUSIP level factors for each
      class of Certificates as of such Distribution Date and (2) the number and
      aggregate unpaid principal balance of Mortgage Loans that are (a) delinquent
      30
      to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days in
      each
      case, as of the last day of the preceding calendar month, (d) as to which
      foreclosure proceedings have been commenced and (e) with respect to which the
      related Mortgagor has filed for protection under applicable bankruptcy laws,
      with respect to whom bankruptcy proceedings are pending or with respect to
      whom
      bankruptcy protection is in force, in each case using a format and media
      mutually acceptable to the Trust Administrator and Bloomberg.

     

    For
      each
      Distribution Date, the Trust Administrator shall calculate the Significance
      Percentage of the Interest Rate Cap Agreement and the Interest Rate Swap
      Agreement. If on any Distribution Date through and including the Distribution
      Date in December 2007, the Significance Percentage is equal to or greater than
      10%, the Trust Administrator shall promptly notify the Depositor and the Trust
      Administrator shall file, by Form 10-D no later than fifteen days following
      the
      related Distribution Date, the financial statements of the Interest Rate Cap
      Provider and/or the Swap Provider, as applicable, as required by Item 1115
      of
      Regulation AB.

     

    
      	
              SECTION
                4.03  

            	
              Remittance
                Reports; P&I Advances.

            

    

     

    (a)  No
      later
      than 3:00 p.m. New York time on the third Business Day following the related
      Prepayment Period, the Servicer shall deliver to the Master Servicer and the
      Trust Administrator, in a mutually agreed upon electronic format or by such
      other means as the Servicer and the Trust Administrator agree upon containing
      such information regarding the Mortgage Loans as is needed by the Trust
      Administrator to perform its duties as set forth in Section 4.01 and 4.02
      hereof. Such Remittance Report will also include a delinquency report
      substantially in the form set forth in Exhibit M-1, the monthly remittance
      advance substantially in the form set forth in Exhibit M-2, and a realized
      loss
      report substantially in the form set forth in Exhibit M-3 (or in each case,
      such
      other format as mutually agreed to between the Servicer and the Trust
      Administrator and, to the extent that the Backup Servicer becomes the successor
      servicer, in the format set forth in Exhibit P-1, Exhibit P-2 and Exhibit
      P-3).  No later than three Business Days after the 15th day of
      each
      calendar month, the Servicer shall furnish to the Trust Administrator a monthly
      report containing such information regarding prepayments in full on Mortgage
      Loans during the applicable Prepayment Period in a format as mutually agreed
      to
      between the Servicer and the Trust Administrator.  Neither the Trustee
      nor the Trust Administrator shall be responsible to recompute, recalculate
      or
      verify any information provided to it by the Servicer.

     

    In
      addition, no later than the 18th day of
      each
      calendar month, the Servicer shall provide the Backup Servicer in a mutually
      agreed upon electronic format or by such other means as the Servicer and the
      Backup Servicer agree upon containing such information regarding the Mortgage
      Loans as is needed by the Backup Servicer to perform its duties as set forth
      in
      the Backup Servicing Agreement.  Each of the Master Servicer and the
      Trustee are hereby directed by the Depositor to enter into the Backup Servicing
      Agreement.

     

    (b)  With
      respect to any Mortgage Loan on which a Monthly Payment was due during the
      related Due Period and delinquent on the related Determination Date, the amount
      of the Servicer's P&I Advance will be equal to the amount of the Monthly
      Payment (net of the related Servicing Fee) that is delinquent as of the close
      of
      business on the related Determination Date.  With respect to each REO
      Property, which REO Property was acquired during or prior to the related
      Prepayment Period and as to which such REO Property an REO Disposition did
      not
      occur during the related Prepayment Period, an amount equal to the excess,
      if
      any, of the Monthly Payment (net of the related Servicing Fee) that would have
      been due on the related Due Date in respect of the related Mortgage Loan, over
      the net income from such REO Property deposited in the Collection Account
      pursuant to Section 3.23 for distribution on such Distribution
      Date.

     

    The
      Servicer shall remit in immediately available funds to the Trust Administrator
      for deposit in the Distribution Account on or before 3:00 p.m. New York time
      (it
      being understood that such time shall not apply if the Backup Servicer is acting
      as the Successor Servicer) on the Servicer Remittance Date an amount equal
      to
      the aggregate amount of P&I Advances, if any, to be made in respect of the
      Mortgage Loans for the related Distribution Date either (i) from its own funds
      or (ii) from the Collection Account, to the extent of funds held therein for
      future distribution (in which case it will cause to be made an appropriate
      entry
      in the records of the Collection Account that amounts held for future
      distribution have been, as permitted by this Section 4.03, used by the Servicer
      in discharge of any such P&I Advance) or (iii) in the form of any
      combination of (i) and (ii) aggregating the total amount of P&I Advances to
      be made by the Servicer with respect to the Mortgage Loans.  Any
      amounts held for future distribution used by the Servicer to make a P&I
      Advance as permitted in the preceding sentence shall be appropriately reflected
      in the Servicer’s records and replaced by the Servicer by deposit in the
      Collection Account on or before any future Servicer Remittance Date to the
      extent that the Available Distribution Amount for the related Distribution
      Date
      (determined without regard to P&I Advances to be made on the Servicer
      Remittance Date) shall be less than the total amount that would be distributed
      to the Certificateholders pursuant to Section 4.01 on such Distribution Date
      if
      such amounts held for future distributions had not been so used to make P&I
      Advances. The Trust Administrator will provide notice to the Servicer no later
      than the close of business on the Business Day prior to the Distribution Date
      via email to the appropriate investor reporting contact of the Servicer (as
      well
      as the manager of the Servicer’s investor reporting group) in the event that the
      amount remitted by the Servicer to the Trust Administrator on such date is
      less
      than the P&I Advances required to be made by the Servicer for the related
      Distribution Date.

     

    (c)  The
      obligation of the Servicer to make such P&I Advances is mandatory,
      notwithstanding any other provision of this Agreement but subject to (d) below,
      and, with respect to any Mortgage Loan or REO Property, shall continue until
      a
      Final Recovery Determination in connection therewith or the removal thereof
      from
      the Trust Fund pursuant to any applicable provision of this Agreement, except
      as
      otherwise provided in this Section.

     

    (d)  Notwithstanding
      anything herein to the contrary, no P&I Advance or Servicing Advance shall
      be required to be made hereunder by the Servicer if such P&I Advance or
      Servicing Advance would, if made, constitute a Nonrecoverable P&I Advance or
      Nonrecoverable Servicing Advance, respectively. The determination by the
      Servicer that it has made a Nonrecoverable P&I Advance or a Nonrecoverable
      Servicing Advance or that any proposed P&I Advance or Servicing Advance, if
      made, would constitute a Nonrecoverable P&I Advance or Nonrecoverable
      Servicing Advance, respectively, shall be evidenced by a certification of a
      Servicing Officer delivered to the Trust Administrator (whereupon, upon receipt
      of such certification, the Trust Administrator shall forward a copy of such
      certification to the Depositor, the Trustee and the Credit Risk
      Manager).  Notwithstanding the foregoing, if following the application
      of Liquidation Proceeds on any Mortgage Loan that was the subject of a Final
      Recovery Determination, any Servicing Advance with respect to such Mortgage
      Loan
      shall remain unreimbursed to the Servicer, then without limiting the provisions
      of Section 3.11(a), a certification of a Servicing Officer regarding such
      Nonrecoverable Servicing Advance shall not be required to be delivered by the
      Servicer to the Trust Administrator.

     

    (e)  In
      the
      event the Servicer fails to make any P&I Advance or Servicing Advance
      required to be made by it pursuant to this Section 4.03 and such failure is
      not
      remedied within the applicable cure period pursuant to Section 7.01(a)(vii),
      then, pursuant to Section 7.01(a), the Servicer will be terminated, and, in
      accordance with Sections 7.01(a) and 7.02, the Backup Servicer or another
      successor servicer shall be required to make such P&I Advance or Servicing
      Advance on the Distribution Date with respect to which the Servicer was required
      to make such P&I Advance or Servicing Advance, subject to the Backup
      Servicer’s determination of recoverability.  Neither the Servicer nor
      the Backup Servicer shall be required to make any P&I Advance or Servicing
      Advance to cover any Relief Act Interest Shortfall on any Mortgage
      Loan.  If the Backup Servicer is required to make any P&I Advance
      or Servicing Advance, such P&I Advance or Servicing Advance may be made by
      it in the manner set forth above.

     

    
      	
              SECTION
                4.04  

            	
              Allocation
                of Realized Losses.

            

    

     

    (a)  Prior
      to
      each Distribution Date, the Servicer shall determine as to each Mortgage Loan
      and REO Property: (i) the total amount of Realized Losses, if any, incurred
      in
      connection with any Final Recovery Determinations made during the related
      Prepayment Period; (ii) whether and the extent to which such Realized Losses
      constituted Bankruptcy Losses; and (iii) the respective portions of such
      Realized Losses allocable to interest and allocable to
      principal.  Prior to each Distribution Date, the Servicer shall also
      determine as to each Mortgage Loan: (A) the total amount of Realized Losses,
      if
      any, incurred in connection with any Deficient Valuations made during the
      related Prepayment Period; and (B) the total amount of Realized Losses, if
      any,
      incurred in connection with Debt Service Reductions in respect of Monthly
      Payments due during the related Due Period.  The information described
      in the two preceding sentences that is to be supplied by the Servicer shall
      be
      either included in the related Remittance Report (in form and format reasonably
      required and mutually agreed upon by the Servicer and the Master Servicer)
      or
      evidenced by an Officers’ Certificate delivered to the Trust Administrator and
      the Trustee by the Servicer prior to the Determination Date immediately
      following the end of (x) in the case of Bankruptcy Losses allocable to interest,
      the Due Period during which any such Realized Loss was incurred, and (y) in
      the
      case of all other Realized Losses, the Prepayment Period during which any such
      Realized Loss was incurred.

     

    (b)  All
      Realized Losses on the Mortgage Loans shall be allocated by the Trust
      Administrator on each Distribution Date as follows: first, to the Interest
      Distribution Amount for the Class CE-1 Certificates for the related Interest
      Accrual Period; second, to payments received under the Interest Rate Cap
      Agreement or Net Swap Payments received under the Interest Rate Swap Agreement,
      third, to the Class CE-1 Certificates, until the Certificate Principal Balance
      thereof has been reduced to zero; fourth, to the Class M-11 Certificates, until
      the Certificate Principal Balance thereof has been reduced to zero; fifth,
      to
      the Class M-10 Certificates, until the Certificate Principal Balance thereof
      has
      been reduced to zero, sixth, to the Class M-9 Certificates, until the
      Certificate Principal Balance thereof has been reduced to zero, seventh, to
      the
      Class M-8 Certificates until the Certificate Principal Balance thereof has
      been
      reduced to zero; eighth, to the Class M-7 Certificates, until the Certificate
      Principal Balance thereof has been reduced to zero; ninth, to the Class M-6
      Certificates, until the Certificate Principal Balance thereof has been reduced
      to zero; tenth, to the Class M-5 Certificates, until the Certificate Principal
      Balance thereof has been reduced to zero; eleventh, to the Class M-4
      Certificates, until the Certificate Principal Balance thereof has been reduced
      to zero; twelfth, to the Class M-3 Certificates, until the Certificate Principal
      Balance thereof has been reduced to zero; thirteenth, to the Class M-2
      Certificates, until the Certificate Principal Balance thereof has been reduced
      to zero and fourteenth, to the Class M-1 Certificates, until the Certificate
      Principal Balance thereof has been reduced to zero.

     

    All
      Realized Losses to be allocated to the Certificate Principal Balances of all
      Classes on any Distribution Date shall be so allocated after the actual
      distributions to be made on such date as provided above. All references above
      to
      the Certificate Principal Balance of any Class of Certificates shall be to
      the
      Certificate Principal Balance of such Class immediately prior to the relevant
      Distribution Date, before reduction thereof by any Realized Losses, in each
      case
      to be allocated to such Class of Certificates, on such Distribution
      Date.

     

    Any
      allocation of Realized Losses to a Mezzanine Certificate on any Distribution
      Date shall be made by reducing the Certificate Principal Balance thereof by
      the
      amount so allocated and any allocation of Realized Losses to a Class CE-1
      Certificate shall be made by reducing the amount otherwise payable in respect
      thereof pursuant to Section 4.01(a)(3).  No allocations of any
      Realized Losses shall be made to the Certificate Principal Balances of the
      Class
      A Certificates or the Class P Certificates.

     

    (c)  All
      Realized Losses on the Group I Mortgage Loans shall be allocated on each
      Distribution Date to REMIC I Regular Interest I-1-A through REMIC I Regular
      Interest I-46-B, starting with the lowest numerical denomination until such
      REMIC I Regular Interest has been reduced to zero, provided that, for REMIC
      I
      Regular Interests with the same numerical denomination, such Realized Losses
      shall be allocated pro rata between such REMIC I Regular Interests. All
      Realized Losses on the Group II Mortgage Loans shall be allocated on each
      Distribution Date to REMIC I Regular Interest II-1-A through REMIC I Regular
      Interest II-46-B, starting with the lowest numerical denomination until such
      REMIC I Regular Interest has been reduced to zero, provided that, for REMIC
      I
      Regular Interests with the same numerical denomination, such Realized Losses
      shall be allocated pro rata between such REMIC I Regular
      Interests.

     

    (d)  The
      REMIC
      II Marker Allocation Percentage of all Realized Losses on the Mortgage Loans
      shall be allocated by the Trust Administrator on each Distribution Date to
      the
      following REMIC II Regular Interests in the specified percentages, as follows:
      first, to Uncertificated Interest payable to the REMIC II Regular Interest
      LTAA
      and REMIC II Regular Interest LTZZ up to an aggregate amount equal to the REMIC
      II Interest Loss Allocation Amount, 98% and 2%, respectively; second, to the
      Uncertificated Balances of the REMIC II Regular Interest LTAA and REMIC II
      Regular Interest LTZZ up to an aggregate amount equal to the REMIC II Principal
      Loss Allocation Amount, 98% and 2%, respectively; third, to the Uncertificated
      Balances of REMIC II Regular Interest LTAA, REMIC II Regular Interest LTM11
      and
      REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the
      Uncertificated Balance of REMIC II Regular Interest LTM11 has been reduced
      to
      zero; fourth, to the Uncertificated Balances of REMIC II Regular Interest LTAA,
      REMIC II Regular Interest LTM10 and REMIC II Regular Interest LTZZ, 98%, 1%
      and
      1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest
      LTM10 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC
      II Regular Interest LTAA, REMIC II Regular Interest LTM9 and REMIC II Regular
      Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance
      of
      REMIC II Regular Interest LTM9 has been reduced to zero; sixth, to the
      Uncertificated Balances of REMIC II Regular Interest LTAA, REMIC II Regular
      Interest LTM8 and REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively,
      until the Uncertificated Balance of REMIC II Regular Interest LTM8 has been
      reduced to zero; seventh, to the Uncertificated Balances of REMIC II Regular
      Interest LTAA, REMIC II Regular Interest LTM7 and REMIC II Regular Interest
      LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC
      II
      Regular Interest LTM7 has been reduced to zero; eighth, to the Uncertificated
      Balances of REMIC II Regular Interest LTAA, REMIC II Regular Interest LTM6
      and
      REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the
      Uncertificated Balance of REMIC II Regular Interest LTM6 has been reduced to
      zero; ninth, to the Uncertificated Balances of REMIC II Regular Interest LTAA,
      REMIC II Regular Interest LTM5 and REMIC II Regular Interest LTZZ, 98%, 1%
      and
      1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest
      LTM5 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC
      II
      Regular Interest LTAA, REMIC II Regular Interest LTM4 and REMIC II Regular
      Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance
      of
      REMIC II Regular Interest LTM4 has been reduced to zero; eleventh, to the
      Uncertificated Balances of REMIC II Regular Interest LTAA, REMIC II Regular
      Interest LTM3 and REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively,
      until the Uncertificated Balance of REMIC II Regular Interest LTM3 has been
      reduced to zero; twelfth, to the Uncertificated Balances of REMIC II Regular
      Interest LTAA, REMIC II Regular Interest LTM2 and REMIC II Regular Interest
      LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC
      II
      Regular Interest LTM2 has been reduced to zero and thirteenth, to the
      Uncertificated Balances of REMIC II Regular Interest LTAA, REMIC II Regular
      Interest LTM1 and REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively,
      until the Uncertificated Balance of REMIC II Regular Interest LTM1 has been
      reduced to zero.

     

    (e)  The
      REMIC
      II Sub WAC Allocation Percentage of all Realized Losses shall be applied after
      all distributions have been made on each Distribution Date first, so as to
      keep
      the Uncertificated Balance of each REMIC II Regular Interest ending with the
      designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of
      the Mortgage Loans in the related Loan Group; second, to each REMIC II Regular
      Interest ending with the designation “SUB,” so that the Uncertificated Balance
      of each such REMIC II Regular Interest is equal to 0.01% of the excess of (x)
      the aggregate Stated Principal Balance of the Mortgage Loans in the related
      Loan
      Group over (y) the current Certificate Principal Balance of the Class A
      Certificate in the related Loan Group (except that if any such excess is a
      larger number than in the preceding distribution period, the least amount of
      Realized Losses shall be applied to such REMIC II Regular Interests such that
      the REMIC II Subordinated Balance Ratio is maintained); and third, any remaining
      Realized Losses shall be allocated to REMIC II Regular Interest
      LTXX.

     

    
      	
              SECTION
                4.05  

            	
              Compliance
                with Withholding Requirements.

            

    

     

    Notwithstanding
      any other provision of this Agreement, the Trust Administrator shall comply
      with
      all federal withholding requirements respecting payments to Certificateholders
      of interest or original issue discount that the Trust Administrator reasonably
      believes are applicable under the Code. The consent of Certificateholders shall
      not be required for such withholding. In the event the Trust Administrator
      does
      withhold any amount from interest or original issue discount payments or
      advances thereof to any Certificateholder pursuant to federal withholding
      requirements, the Trust Administrator shall indicate the amount withheld to
      such
      Certificateholders.

     

    
      	
              SECTION
                4.06  

            	
              Net
                WAC Rate Carryover Reserve Account.

            

    

     

    (a)  No
      later
      than the Closing Date, the Trust Administrator shall establish and maintain
      a
      separate, segregated trust account titled, “Net WAC Rate Carryover Reserve
      Account, Wells Fargo Bank, N.A., as Trust Administrator, in trust for the
      registered holders of Citigroup Mortgage Loan Trust, Asset-Backed Pass-Through
      Certificates, Series 2007-AMC4.”

     

    (b)  On
      each
      Distribution Date, the Trust Administrator has been directed by the Class CE-1
      Certificateholders to, and therefore shall, deposit into the Net WAC Rate
      Carryover Reserve Account, any Net WAC Rate Carryover Amounts for such
      Distribution Date, rather than distributing such amounts to the Class CE-1
      Certificateholders.  On each such Distribution Date, the Trust
      Administrator shall hold all such amounts for the benefit of the Holders of
      the
      Floating Rate Certificates, and shall distribute the aggregate Net WAC Rate
      Carryover Amount, if any, for such Distribution Date from the Net WAC Rate
      Carryover Reserve Account to the Holders of the Floating Rate Certificates
      in
      the amounts and priorities set forth in Section 4.01(g).

     

    (c)  It
      is the
      intention of the parties hereto that, for federal and state income and state
      and
      local franchise tax purposes, the Net WAC Rate Carryover Reserve Account be
      disregarded as an entity separate from the Holder of the Class CE-1 Certificates
      unless and until the date when either (a) there is more than one Class CE-1
      Certificateholder or (b) any Class of Certificates in addition to the Class
      CE-1
      Certificates is recharacterized as an equity interest in the Net WAC Rate
      Carryover Reserve Account for federal income tax purposes, in which case it
      is
      the intention of the parties hereto that, for federal and state income and
      state
      and local franchise tax purposes, the Net WAC Rate Carryover Reserve Account
      be
      treated as a partnership.  If the Net WAC Rate Carryover Reserve
      Account becomes characterized as a partnership for federal income tax purposes,
      the Trust Administrator shall (i) obtain, or cause to be obtained, a taxpayer
      identification number for the Net WAC Rate Carryover Reserve Account, (ii)
      prepare and file, or cause to be prepared and filed, any necessary federal,
      state or local tax returns for the Net WAC Rate Carryover Reserve Account and
      (iii) prepare and provide to any requesting withholding agent, or cause to
      be
      prepared and provided to any requesting withholding agent, any necessary
      withholding tax form; provided, however, the Trust Administrator shall be
      entitled to additional reasonable compensation for such partnership tax filing
      and preparation from amounts on deposit in the Net WAC Rate Carryover Reserve
      Account to the extent such funds are available.  However, if such amounts
      are insufficient, the Depositor shall cover any remaining amounts owed to the
      Trust Administrator.  The Trust Administrator shall also be entitled
      to be reimbursed by the Depositor for any additional reasonable expenses it
      may
      incur from obtaining a Class CE-1 Certificateholder list from the Depository,
      which shall not exceed once per month per calendar year.  All amounts
      deposited into the Net WAC Rate Carryover Reserve Account shall be treated
      as
      amounts distributed by REMIC III to the Holder of the Class CE-1 Interest and
      by
      REMIC IV to the Holder of the Class CE-1 Certificates.  The Net WAC
      Rate Carryover Reserve Account will be an “outside reserve fund” within the
      meaning of Treasury Regulation Section 1.860G-2(h).  Upon the
      termination of the Trust Fund, or the payment in full of the Floating Rate
      Certificates, all amounts remaining on deposit in the Net WAC Rate Carryover
      Reserve Account shall be released by the Trust Fund and distributed to the
      Class
      CE-1 Certificateholders or their designees.  The Net WAC Rate
      Carryover Reserve Account shall be part of the Trust Fund but not part of any
      Trust REMIC and any payments to the Holders of the Floating Rate Certificates
      of
      Net WAC Rate Carryover Amounts will not be payments with respect to a “regular
      interest” in a REMIC within the meaning of Code Section
      860(G)(a)(1).

     

    (d)  By
      accepting a Class CE-1 Certificate, each Class CE-1 Certificateholder hereby
      agrees to direct the Trust Administrator, and the Trust Administrator is hereby
      is directed, to deposit into the Net WAC Rate Carryover Reserve Account the
      amounts described above on each Distribution Date rather than distributing
      such
      amounts to the Class CE-1 Certificateholders.  By accepting a Class
      CE-1 Certificate, each Class CE-1 Certificateholder further agrees that such
      direction is given for good and valuable consideration, the receipt and
      sufficiency of which is acknowledged by such acceptance.

     

    (e)  All
      amounts on deposit in the Net WAC Rate Carryover Reserve Account shall remain
      uninvested.

     

    (f)  For
      federal tax return and information reporting, the right of the Holders of the
      Floating Rate Certificates to receive payments from the Net WAC Rate Carryover
      Reserve Account in respect of any Net WAC Rate Carryover Amount may have more
      than a de minimis value.

     

    
      	
              SECTION
                4.07  

            	
              Exchange
                Commission Filings; Additional
                Information.

            

    

     

    (a)  (i)
      Within 15 days after each Distribution Date (subject to permitted extensions
      under the Exchange Act), the Trust Administrator shall, in accordance with
      industry standards, prepare and file with the Commission via the Electronic
      Data
      Gathering and Retrieval System (“EDGAR”), a distribution report on Form 10-D,
      signed by the Master Servicer, with a copy of the Monthly Statement to be
      furnished by the Trust Administrator to the Certificateholders for such
      Distribution Date attached thereto.  Any disclosure in addition to the
      Monthly Statement that is required to be included on Form 10-D (“Additional Form
      10-D Disclosure”) shall be reported by the parties set forth on Exhibit
      B  to the Depositor and the Trust Administrator and directed and
      approved by the Depositor pursuant to the following paragraph, and the Trust
      Administrator 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.

     

    (ii)           As
      set forth on Exhibit B hereto, within 5 calendar days after the related
      Distribution Date, (i) the parties described on Exhibit B shall be required
      to
      provide to the Trust Administrator and to the Depositor, to the extent known
      by
      a Responsible Officer thereof, in EDGAR-compatible format, or in such other
      format as otherwise agreed upon by the Trust Administrator and such party,
      the
      form and substance of any Additional Form 10-D Disclosure, if applicable,
      together with an Additional Disclosure Notification in the form of Exhibit
      K
      hereto and (ii) 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 Trust Administrator has no duty under
      this Agreement to monitor or enforce the performance by the other parties listed
      on Exhibit B of their duties under this paragraph or proactively solicit or
      procure from such other parties any Additional Form 10-D Disclosure
      information.  The Depositor will be responsible for any reasonable
      fees and expenses assessed or incurred by the Trust Administrator in connection
      with including any Additional Form 10-D Disclosure on Form 10-D pursuant to
      this
      paragraph.

     

    Form
      10-D
      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 hereby represents to
      the Trust Administrator that the Depositor has filed all such required reports
      during the preceding 12 months and that it has been subject to such filing
      requirement for the past 90 days. The Depositor shall notify the Trust
      Administrator 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, if the
      answer to either question should be “no.” The Trust Administrator shall be
      entitled to rely on such representations in preparing, executing and/or filing
      any such report.

     

    After
      preparing the Form 10-D, the Trust Administrator shall forward electronically
      a
      copy of the Form 10-D to the Depositor (provided that such Form 10-D includes
      any Additional Form 10-D Disclosure).  Within two Business Days after
      receipt of such copy, but no later than the 12th calendar
      day after
      the Distribution Date, the Depositor shall notify the Trust Administrator in
      writing (which may be furnished electronically) of any changes to or approval
      of
      such Form 10-D.  In the absence of receipt of any written changes or
      approval, the Trust Administrator shall be entitled to assume that such Form
      10-D is in final form and the Trust Administrator may proceed with the process
      for execution and filing of the Form 10-D.  A duly authorized
      representative of the Master Servicer shall sign each Form 10-D.  If a
      Form 10-D cannot be filed on time or if a previously filed Form 10-D needs
      to be
      amended, the Trust Administrator will follow the procedures set forth in Section
      4.07(a)(vi).  Promptly (but no later than one Business Day) after
      filing with the Commission, the Trust Administrator will make available on
      its
      internet website a final executed copy of each Form 10-D filed by the Trust
      Administrator.  Each party to this Agreement acknowledges that the
      performance by each of the Master Servicer and the Trust Administrator of its
      duties under this Section 4.07(a)(ii) related to the timely preparation,
      execution 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 4.07(a)(ii).  The Depositor acknowledges that the performance
      by each of the Master Servicer and the Trust Administrator of its respective
      duties under this Section 4.07(a)(ii) related to the preparation and execution
      of Form 10-D is also contingent upon the Servicer, the Custodian and any
      Servicing Function Participant strictly observing deadlines no later than those
      set forth in this paragraph that are applicable to the parties to this Agreement
      in the delivery to the Trust Administrator of any necessary Additional Form
      10-D
      Disclosure.  Neither the Master Servicer nor the Trust Administrator
      shall have any liability for any loss, expense, damage or claim arising out
      of
      or with respect to any failure to properly prepare or execute and/or timely
      file
      such Form 10-D, where such failure results from the Trust Administrator’s
      inability or failure to obtain or receive, on a timely basis, any information
      from any other party hereto or any Servicing Function Participant needed to
      prepare, arrange for execution or file such Form 10-D, not resulting from its
      own negligence, bad faith or willful misconduct.  Notwithstanding
      anything contained herein, the Trust Administrator shall promptly notify the
      Depositor if a Form 10-D cannot be timely filed prior to the  related
      filing deadline.

     

    (iii)           Within
      four (4) Business Days after the occurrence of an event requiring disclosure
      on
      Form 8-K (each such event, a “Reportable Event”), and if requested by the
      Depositor, the Trust Administrator shall prepare and file on behalf of the
      Trust
      a 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  (other
      than the initial Form 8-K) (“Form 8-K Disclosure Information”) shall be reported
      by the parties set forth on Exhibit B and, pursuant to the following paragraph,
      directed and approved by the Depositor, and the Trust Administrator will have
      no
      duty or liability for any failure hereunder to determine or prepare any Form
      8-K
      Disclosure Information or Form 8-K, except as set forth in the next
      paragraph.

     

    As
      set
      forth on Exhibit B hereto, for so long as the Trust is subject to the Exchange
      Act reporting requirements, no later than close of business (New York City
      time)
      on the 2nd Business Day after the occurrence of a Reportable Event (i) the
      parties set forth on Exhibit B shall be required pursuant to Section 4.07(a)(v)
      below to provide to the Trust Administrator and the Depositor, to the extent
      known by a Responsible Officer thereof, in EDGAR-compatible format, or in such
      other format as otherwise agreed upon by the Trust Administrator, the Depositor
      and such party, the form and substance of any Form 8-K Disclosure Information,
      if applicable, together with an Additional Disclosure Notification and (ii)
      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 on Form
      8-K.  The Depositor will be responsible for any reasonable fees and
      expenses assessed or incurred by the Trust Administrator in connection with
      including any Form 8-K Disclosure Information on Form 8-K pursuant to this
      Section.

     

    After
      preparing the Form 8-K, the Trust Administrator shall forward electronically
      a
      copy of the Form 8-K to the Depositor.  Promptly, but no later than
      the close of business on the third Business Day after the Reportable Event,
      the
      Depositor shall notify the Trust Administrator in writing (which may be
      furnished electronically) of any changes to or approval of such Form
      8-K.  In the absence of receipt of any written changes or approval,
      the Trust Administrator shall be entitled to assume that such Form 8-K is in
      final form and the Trust Administrator may proceed with the process for
      execution and filing of the Form 8-K.  A duly authorized
      representative of the Master Servicer shall sign each Form 8-K.  If a
      Form 8-K cannot be filed on time or if a previously filed Form 8-K needs to
      be
      amended, the Trust Administrator will follow the procedures set forth in Section
      4.07(a)(vi).  Promptly (but no later than one Business Day) after
      filing with the Commission, the Trust Administrator will make available on
      its
      internet website a final executed copy of each Form 8-K filed by the Trust
      Administrator.  The parties to this Agreement acknowledge that the
      performance by each of the Master Servicer and the Trust Administrator of its
      duties under this Section 4.07(a)(iii) related to the timely preparation,
      execution 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 4.07(a)(iii).  The Depositor acknowledges that the performance
      by each of the Master Servicer and the Trust Administrator of its duties under
      this Section 4.07(a)(iii) related to the preparation, execution and filing
      of
      Form 8-K is also contingent upon the Servicer, the Custodian and any Servicing
      Function Participant strictly observing deadlines no later than those set forth
      in this paragraph or in the Custodial Agreement, that are applicable to the
      parties to this Agreement or in the Custodial Agreement in the delivery to
      the
      Trust Administrator of any necessary Form 8-K Disclosure
      Information.  Neither the Master Servicer nor the Trust Administrator
      shall have any liability for any loss, expense, damage or claim arising out
      of
      or with respect to any failure to properly prepare, execute or timely file
      such
      Form 8-K, where such failure results from the Trust Administrator’s inability or
      failure to obtain or receive, on a timely basis, any information from the
      Servicer, the Custodian or any Servicing Function Participant (other than any
      Servicing Function Participant engaged by the Master Servicer or Trust
      Administrator) needed to prepare, arrange for execution or file such Form 8-K,
      not resulting from its own negligence, bad faith or willful
      misconduct.  Notwithstanding anything contained herein, the Trust
      Administrator shall promptly notify the Depositor if a Form 8-K cannot be timely
      filed prior to the  related filing deadline.

     

    (iv)           On
      or prior to the 90th day after the end of each fiscal year of the Trust 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 ends on December 31st
      of
      each year), commencing in March 2008, the Trust Administrator shall prepare
      and
      file on behalf of the Trust 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 Trust
      Administrator within the applicable time frames set forth in this
      Agreement:

     

    (a)           an
      annual compliance statement for the Servicer, the Master Servicer, the Trust
      Administrator and any Servicing Function Participant engaged by such parties
      (each, a “Reporting Servicer”) as described under Section 3.20 of this
      Agreement, provided, however, that the Trust Administrator, at its
      discretion, may omit from the Form 10-K any annual compliance statement that
      is
      not required to be filed with such Form 10-K pursuant to Regulation
      AB;

     

    (b)           (A)
      the annual reports on assessment of compliance with Servicing Criteria for
      each
      Reporting Servicer, as described under Section 3.21 of this Agreement and (B)
      if
      each such Reporting Servicer’s report on assessment of compliance with Servicing
      Criteria identifies any material instance of noncompliance, disclosure
      identifying such instance of noncompliance, or if each such Reporting Servicer’s
      report on assessment of compliance with Servicing Criteria 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, provided, however,
      that the Trust Administrator, at its discretion, may omit from the Form 10-K
      any
      assessment of compliance or attestation report described in clause (c) below
      that is not required to be filed with such Form 10-K pursuant to Regulation
      AB;

     

    (c)           (A)
      the registered public accounting firm attestation report for each Reporting
      Servicer, as described under Section 3.21 of this Agreement and (B) if any
      registered public accounting firm attestation report 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 as described in this Section
      4.07(a)(iv).

     

    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
      reported by the parties set forth on Exhibit B to the Depositor and the Trust
      Administrator and directed and approved by the Depositor pursuant to the
      following paragraph, and the Trust Administrator 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.

     

    As
      set
      forth on Exhibit B hereto, no later than March 15th (with no
      cure
      period) of each year that the Trust is subject to the Exchange Act reporting
      requirements, commencing in 2008, (i) the parties described on Exhibit B shall
      be required to provide to the Trust Administrator and to the Depositor, to
      the
      extent known by a Responsible Officer thereof,  in EDGAR-compatible
      format, or in such other format as otherwise agreed upon by the Trust
      Administrator and such party, the form and substance of any Additional Form
      10-K
      Disclosure, if applicable, together with an Additional Disclosure Notification,
      and (ii) 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 Trust Administrator has no duty under this Agreement to
      monitor or enforce the performance by the other parties listed on Exhibit B
      of
      their duties under this paragraph or proactively solicit or procure from such
      other parties any Additional Form 10-K Disclosure information.  The
      Depositor will be responsible for any reasonable fees and expenses assessed
      or
      incurred by the Trust Administrator in connection with including any Additional
      Form 10-K Disclosure on Form 10-K pursuant to this paragraph.

     

    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 hereby represents to
      the Trust Administrator that the Depositor has filed all such required reports
      during the preceding 12 months and that it has been subject to such filing
      requirement for the past 90 days. The Depositor shall notify the Trust
      Administrator in writing, no later than March 15th with respect to the filing
      of
      a report on Form 10-K, if the answer to either question should be “no.” The
      Trust Administrator shall be entitled to rely on such representations in
      preparing, executing and/or filing any such report.

     

    After
      preparing the Form 10-K, the Trust Administrator shall forward electronically
      a
      copy of the Form 10-K to the Depositor.  Within three Business Days
      after receipt of such copy, but no later than March 25th, the Depositor shall
      notify the Trust Administrator in writing (which may be furnished
      electronically) of any changes to or approval of such Form 10-K.  In
      the absence of receipt of any written changes or approval, the Trust
      Administrator shall be entitled to assume that such Form 10-K is in final form,
      and the Trust Administrator may proceed with the process for execution and
      filing of the Form 10-K.  A senior officer of the Master Servicer in
      charge of the master servicing function shall sign the Form 10-K (subject to
      the
      receipt by the Master Servicer of all required Back-up
      Certifications).  If a Form 10-K cannot be filed on time or if a
      previously filed Form 10-K needs to be amended, the Trust Administrator will
      follow the procedures set forth in Section 4.07(a)(vi).  Promptly (but
      no later than one Business Day) after filing with the Commission, the Trust
      Administrator will make available on its internet website a final executed
      copy
      of each Form 10-K filed by the Trust Administrator.  Notwithstanding
      the foregoing, if by the second Business Day prior to the 10-K Filing Deadline,
      the Trust Administrator determines that it will be unable to file the Form
      10-K
      by the 10-K Filing Deadline, the Trust Administrator will deliver the Form
      10-K
      and each of the items set forth in (iv)(a) through (d) above to the Depositor
      for filing. The Trust Administrator will then be relieved of any of its
      obligations to prepare and file such Form 10-K and the Trust Administrator
      shall
      not be liable if such Form 10-K is not filed by the 10-K Filing Deadline. The
      parties to this Agreement acknowledge that the performance by each of the Master
      Servicer and the Trust Administrator of its duties under this Section
      4.07(a)(iv) related to the timely preparation, execution and filing of Form
      10-K
      is contingent upon such parties strictly observing all applicable deadlines
      in
      the performance of their duties under this Section 4.07(a)(iv), Section 3.20
      and
      Section 3.21.  The Depositor acknowledges that the performance by each
      of the Master Servicer and the Trust Administrator of its duties under this
      Section 4.07(a)(iv) related to the timely preparation and execution of Form
      10-K
      is also contingent upon the Servicer, the Custodian (if a party to this
      Agreement) and any Servicing Function Participant strictly observing deadlines
      no later than those set forth in this paragraph that are applicable to the
      parties to this Agreement in the delivery to the Trust Administrator of any
      necessary Additional Form 10-K Disclosure, any annual statement of compliance
      and any assessment of compliance and attestation pursuant to this Agreement,
      the
      Custodial Agreement or any other applicable agreement.  Neither the
      Master Servicer nor the Trust Administrator shall have any liability for any
      loss, expense, damage or claim arising out of or with respect to any failure
      to
      properly prepare, execute and/or timely file such Form 10-K, where such failure
      results from the Trust Administrator’s inability or failure to obtain or
      receive, on a timely basis, any information from the Servicer, the Custodian
      or
      any Servicing Function Participant needed to prepare, arrange for execution
      or
      file such Form 10-K, not resulting from its own negligence, bad faith or willful
      misconduct.  Notwithstanding anything contained herein, the Trust
      Administrator shall promptly notify the Depositor if a Form 10-K cannot be
      timely filed prior to the related filing deadline.

     

    Each
      Form
      10-K shall include a Sarbanes-Oxley Certification, exactly as set forth in
      Exhibit H-1 attached hereto, required to be included therewith pursuant to
      the
      Sarbanes-Oxley Act.  The Servicer, the Master Servicer and the Trust
      Administrator shall provide, and each such party 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 15th
      (with no cure period) of each year in which the Trust is subject to the
      reporting requirements of the Exchange Act and otherwise within a reasonable
      period of time upon request, a certification (each, a “Back-Up
      Certification”), in the form attached hereto as Exhibit H-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 Master Servicer in charge of the
      master servicing function shall serve as the Certifying Person on behalf of
      the
      Trust.  Such officer of the Certifying Person can be contacted by
      e-mail at cts.sec.notifications@wellsfargo.com or by facsimile at
      443-367-3307.  In the event any such party or any Servicing Function
      Participant engaged by such party is terminated or resigns pursuant to the
      terms
      of this Agreement, or any applicable sub-servicing agreement, as the case may
      be, such party shall provide a Back-Up Certification to the Certifying Person
      pursuant to this Section 4.07 (a)(iv) with respect to the period of time it
      was
      subject to this Agreement or any applicable sub-servicing agreement, as the
      case
      may be.  Notwithstanding the foregoing, (i) the Master Servicer and
      the Trust Administrator shall not be required to deliver a Back-Up Certification
      to each other if both are the same Person and the Master Servicer is the
      Certifying Person and (ii) the Master Servicer shall not be obligated to sign
      the Sarbanes-Oxley Certification in the event that it does not receive any
      Back-Up Certification required to be furnished to it pursuant to this section
      or
      any Servicing Agreement.

     

    (v)           With
      respect to any Additional Form 10-D Disclosure, Additional Form 10-K Disclosure
      or any Form 8-K Disclosure Information (collectively, the “Additional
      Disclosure”) relating to the Trust Fund, the Trust Administrator’s obligation to
      include such Additional Information in the applicable Exchange Act report is
      subject to its receipt of such information from the entity that is indicated
      in
      Exhibit B as the responsible party for providing such information, if other
      than
      the Trust Administrator, as and when required as described in Section
      4.07(a)(ii) through (iv) above.  Each of the Master Servicer, the
      Servicer and the Depositor hereby agree to notify and to provide, to the extent
      known, to the Trust Administrator and the Depositor, all Additional Disclosure
      relating to the Trust Fund, with respect to which such party is the responsible
      party for providing that information, as indicated in Exhibit B
      hereof.  The Servicer shall be responsible for determining the pool
      concentration applicable to any Sub-Servicer or Originator at any time, for
      purposes of disclosure as required by Items 1108 and 1110 of Regulation
      AB.

     

    (vi)           On
      or prior to January 30 of the first year in which the Trust Administrator is
      able to do so under applicable law, the Trust Administrator shall prepare and
      file a Form 15 Suspension Notification relating to the automatic suspension
      of
      reporting in respect of the Trust under the Exchange Act.

     

    In
      the
      event that the Trust Administrator is unable to timely file with the Commission
      all or any required portion of any Form 8-K, Form 10-D or Form 10-K required
      to
      be filed pursuant to this Agreement because required disclosure information
      was
      either not delivered to it or was delivered to it after the delivery deadlines
      set forth in this Agreement or for any other reason, the Trust Administrator
      will promptly electronically notify the Depositor.  In the case of
      Form 10-D and Form 10-K, the parties to this Agreement will cooperate to prepare
      and file a Form 12b-25 and a Form 10-D/A and Form 10-K/A as applicable, pursuant
      to Rule 12b-25 of the Exchange Act.  In the case of Form 8-K, the
      Trust Administrator 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, Form 10-D or Form 10-K needs to be amended in
      connection with any Additional Form 10-D Disclosure (other than, in the case
      of
      Form 10-D, for the purpose of restating any Monthly Statement), Additional
      Form
      10-K Disclosure or Form 8-K Disclosure Information, the Trust Administrator
      will
      electronically notify the Depositor and such other parties to the transaction
      as
      are affected by such amendment, and such parties will cooperate to prepare
      any
      necessary Form 8-K/A, Form 10-D/A or Form 10-K/A.  Any Form 15, Form
      12b-25 (filed not in relation to Form 10-K or any amendment to Form 10-K) or
      any
      amendment to Form 8-K or Form 10-D shall be signed by a duly authorized
      representative, or senior officer in charge of master servicing, as applicable,
      of the Master Servicer. Any amendment to Form 10-K or Form 12b-25 filed in
      relation to Form 10-K or amendment to Form 10-K shall be signed by a duly
      authorized representative, or senior officer of the Depositor in charge of
      the
      securitization. The parties to this Agreement acknowledge that the performance
      by each of the Master Servicer and the Trust Administrator of its duties under
      this Section 4.07(a)(vi) related to the timely preparation, execution and filing
      of Form 15, a Form 12b-25 or any amendment to Form 8-K, Form 10-D or Form 10-K
      is contingent upon each such party performing its duties under this
      Section.  Neither the Master Servicer nor the Trust Administrator
      shall have any liability for any loss, expense, damage or claim arising out
      of
      or with respect to any failure to properly prepare, execute and/or timely file
      any such Form 15, Form 12b-25 or any amendments to Form 8-K, Form 10-D or Form
      10-K, where such failure results from the Trust Administrator’s inability or
      failure to obtain or receive, on a timely basis, any information from the
      Servicer, the Custodian or any Servicing Function Participant needed to prepare,
      arrange for execution or file such Form 15, Form 12b-25 or any amendments to
      Form 8-K, Form 10-D or Form 10-K, not resulting from its own negligence, bad
      faith or willful misconduct.

     

    The
      Depositor agrees to promptly furnish to the Trust Administrator, from time
      to
      time upon request, such further information, reports and financial statements
      within its control related to this Agreement, and the Mortgage Loans as the
      Trust Administrator reasonably deems appropriate to prepare and file all
      necessary reports with the Commission. The Trust Administrator shall have no
      responsibility to file any items other than those specified in this Section
      4.07; provided, however, the Trust Administrator will cooperate with the
      Depositor in connection with any additional filings with respect to the Trust
      Fund as the Depositor deems necessary under the Exchange Act. Fees and expenses
      incurred by the Trust Administrator in connection with this Section 4.07 shall
      not be reimbursable from the Trust Fund.

     

    (b)  The
      Trust
      Administrator shall indemnify and hold harmless the Depositor, the Servicer
      and
      their 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
      (i) a
      breach of the Trust Administrator’s obligations under this Section 4.07 or the
      Trust Administrator’s negligence, bad faith or willful misconduct in connection
      therewith or (ii) any material misstatement or omission in the Annual Statement
      of Compliance and the Assessment of Compliance delivered by the Trust
      Administrator pursuant to Section 3.20 and Section 3.21.

     

    The
      Depositor shall indemnify and hold harmless the Trust Administrator, the Master
      Servicer, the 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 a breach of the obligations of the
      Depositor under this Section 4.07 or the Depositor’s negligence, bad faith or
      willful misconduct in connection therewith.

     

    The
      Master Servicer shall indemnify and hold harmless the Trust Administrator,
      the
      Depositor, the 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 (i) a breach of the obligations of the
      Master Servicer under this Section 4.07 or the Master Servicer’s negligence, bad
      faith or willful misconduct in connection therewith or (ii) any material
      misstatement or omission in the Annual Statement of Compliance delivered by
      the
      Master Servicer pursuant to Section 3.20 or the Assessment of Compliance
      delivered by the Master Servicer pursuant to Section 3.21.

     

    The
      Servicer shall indemnify and hold harmless the Master Servicer, Trust
      Administrator and the Depositor 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 (i) a breach of the obligations of
      the
      Servicer under this Section 4.07 and (ii) any material misstatement or omission
      in the Annual Statement of Compliance delivered by the Servicer pursuant to
      Section 3.20 or any Assessment of Compliance delivered by the Servicer pursuant
      to Section 3.21.

     

    Notwithstanding
      the provisions set forth in this Agreement, no Servicer shall be obligated
      to
      provide any indemnification or reimbursement hereunder to any other party for
      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 which are indirect, consequential, punitive or special in
      nature.

     

    If
      the
      indemnification provided for herein is unavailable or insufficient to hold
      harmless the Depositor, the Master Servicer or the Trust Administrator, as
      applicable, then the defaulting party, in connection with a breach of its
      respective obligations under this Section 4.07 or its respective negligence,
      bad
      faith or willful misconduct in connection therewith, agrees that it shall
      contribute to the amount paid or payable by the other parties as a result of
      the
      losses, claims, damages or liabilities of the other party in such proportion
      as
      is appropriate to reflect the relative fault and the relative benefit of the
      respective parties.

     

    (c)  Nothing
      shall be construed from the foregoing subsections (a) and (b) to require the
      Trust Administrator or any officer, director or Affiliate thereof to sign any
      Form 10-K or any certification contained therein.  Furthermore, the
      inability of the Trust Administrator to file a Form 10-K as a result of the
      lack
      of required information as set forth in Section 4.07(a) or required signatures
      on such Form 10-K or any certification contained therein shall not be regarded
      as a breach by the Trust Administrator of any obligation under this
      Agreement.

     

    (d)  Notwithstanding
      the provisions of Section 11.01, this Section 4.07 may be amended without the
      consent of the Certificateholders.

     

    
      	
              SECTION
                4.08  

            	
              Cap
                Account.

            

    

     

    (a)  No
      later
      than the Closing Date, the Trust Administrator shall establish and maintain
      with
      itself or the Cap Administrator, a separate, segregated trust account titled,
      “Wells Fargo Bank, N.A, as Cap Trustee, in trust for the registered holders
      of
      Citigroup Mortgage Loan Trust 2007-AMC4, Asset-Backed Certificates, Series
      2007-AMC4—Cap Account.” Such account shall be an Eligible Account and amounts
      therein shall be held uninvested.

     

    (b)  Prior
      to
      each Distribution Date, pursuant to the Cap Administration Agreement, prior
      to
      any distribution to any Certificate, the Cap Administrator on behalf of the
      Cap
      Trustee shall deposit into the Cap Account amounts received by it under the
      Interest Rate Cap Agreement, for distribution in accordance with Section
      4.01(a)(6) above.

     

    (c)  It
      is the
      intention of the parties hereto that, for federal and state income and state
      and
      local franchise tax purposes, the Cap Account be disregarded as an entity
      separate from the Holder of the Class CE-1 Certificates unless and until the
      date when either (a) there is more than one Class CE-1 Certificateholder or
      (b)
      any Class of Certificates in addition to the Class CE-1 Certificates is
      recharacterized as an equity interest in the Cap Account for federal income
      tax
      purposes, in which case it is the intention of the parties hereto that, for
      federal and state income and state and local franchise tax purposes, the Cap
      Account be treated as a partnership.  If the Cap Account becomes
      characterized as a partnership for federal income tax purposes, the Trust
      Administrator shall (i) obtain, or cause to be obtained, a taxpayer
      identification number for the Cap Account, (ii) prepare and file, or cause
      to be
      prepared and filed, any necessary federal, state or local tax returns for the
      Cap Account and (iii) prepare and provide to any requesting withholding agent,
      or cause to be prepared and provided to any requesting withholding agent, any
      necessary withholding tax form; provided, however, the Trust Administrator
      shall
      be entitled to additional reasonable compensation for such partnership tax
      filing and preparation from amounts on deposit in Cap Account to the extent
      such
      funds are available.  However, if such amounts are insufficient, the
      Depositor shall cover any remaining amounts owed to the Trust
      Administrator.  The Trust Administrator shall also be entitled to be
      reimbursed by the Depositor for any additional reasonable expenses it may incur
      from obtaining a Class CE-1 Certificateholder list from the Depository, which
      shall not exceed once per month per calendar year.  The Cap Account
      will be an “outside reserve fund” within the meaning of Treasury Regulation
      Section 1.860G-2(h).  Upon the termination of the Trust Fund, or the
      payment in full of the Floating Rate Certificates, all amounts remaining on
      deposit in the Cap Account shall be released by the Trust Fund and distributed
      to the Class CE-1 Certificateholders or their designees.  The Cap
      Account shall be part of the Trust Fund but not part of any Trust REMIC and any
      payments to the Holders of the Floating Rate Certificates of Net WAC Rate
      Carryover Amounts will not be payments with respect to a “regular interest” in a
      REMIC within the meaning of Code Section 860(G)(a)(1).

     

    By
      accepting a Class CE-1 Certificate, each Class CE-1 Certificateholder hereby
      agrees to direct the Trust Administrator, and the Trust Administrator is hereby
      directed, to deposit into the Cap Account the amounts described above on each
      Distribution Date.

     

    
      	
              SECTION
                4.09  

            	
              Swap
                Account.

            

    

     

    (a)  On
      the
      Closing Date, there is hereby established a separate trust (the “Supplemental
      Interest Trust”), into which the Depositor shall deposit the Interest Rate Swap
      Agreement.  The Supplemental Interest Trust shall be maintained by the
      Supplemental Interest Trust Trustee.  No later than the Closing Date,
      the Supplemental Interest Trust Trustee shall establish and maintain with the
      Trust Administrator a separate, segregated trust account to be held in the
      Supplemental Interest Trust, titled, “Swap Account, Wells Fargo Bank, N.A., as
      Supplemental Trust Trustee, in trust for the registered holders of the Citigroup
      Mortgage Loan Trust Inc., Asset-Backed Pass-Through Certificates, Series
      2007-AMC4.”  Such 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 Trust Administrator held pursuant to this Agreement.  Amounts
      therein shall be held uninvested.

     

    (b)  Prior
      to
      any distribution to any Certificate, the Supplemental Interest Trust Trustee
      or
      the Trust Administrator on its behalf shall deposit into the Swap Account (for
      distribution pursuant to Section 4.01(a)(7)): (i) the amount of any Net Swap
      Payment or Swap Termination Payment (other than any Swap Termination Payment
      resulting from a Swap Provider Trigger Event) owed to the Swap Provider (after
      taking into account any upfront payment received from the counterparty to a
      replacement interest rate swap agreement) from funds collected and received
      with
      respect to the Mortgage Loans prior to the determination of the Available
      Distribution Amount. For federal income tax purposes, any amounts paid to the
      Swap Provider shall first be deemed paid to the Swap Provider in respect of
      REMIC VII Regular Interest SWAP IO to the extent of the amount distributable
      on
      REMIC VII Regular Interest SWAP IO on such Distribution Date, and any remaining
      amount shall be deemed paid to the Swap Provider in respect of a Class IO
      Distribution Amount (as defined below).

     

    (c)  It
      is the
      intention of the parties hereto that, for federal and state income and state
      and
      local franchise tax purposes, the Supplemental Interest Trust be disregarded
      as
      an entity separate from the Holder of the Class CE-1 Certificates unless and
      until the date when either (a) there is more than one Class CE-1
      Certificateholder or (b) any Class of Certificates in addition to the Class
      CE-1
      Certificates is recharacterized as an equity interest in the Supplemental
      Interest Trust for federal income tax purposes, in which case it is the
      intention of the parties hereto that, for federal and state income and state
      and
      local franchise tax purposes, the Supplemental Interest Trust be treated as
      a
      partnership.  If the Supplemental Interest Trust becomes characterized
      as a partnership for federal income tax purposes, the Trust Administrator shall
      (i) obtain, or cause to be obtained, a taxpayer identification number for the
      Supplemental Interest Trust, (ii) prepare and file, or cause to be prepared
      and
      filed, any necessary federal, state or local tax returns for the Supplemental
      Interest Trust and (iii) prepare and provide to any requesting withholding
      agent, or cause to be prepared and provided to any requesting withholding agent,
      any necessary withholding tax form; provided, however, the Trust Administrator
      shall be entitled to additional reasonable compensation for such
      partnership tax filing and preparation from amounts on deposit in the Swap
      Account to the extent such funds are available.  However, if such amounts
      are insufficient, the Depositor shall cover any remaining amounts owed to the
      Trust Administrator.  The Trust Administrator shall also be entitled
      to be reimbursed by the Depositor for any additional reasonable expenses it
      may
      incur from obtaining a Class CE-1 Certificateholder list from the Depository,
      which shall not exceed once per month per calendar year.  The
      Supplemental Interest Trust will be an “outside reserve fund” within the meaning
      of Treasury Regulation Section 1.860G-2(h).

     

    (d)  To
      the
      extent that the Supplemental Interest Trust is determined to be a separate
      legal
      entity from the Supplemental Interest Trust Trustee, any obligation of the
      Supplemental Interest Trust Trustee under the Interest Rate Swap Agreement
      shall
      be deemed to be an obligation of the Supplemental Interest Trust.

     

    (e)  The
      Trust
      Administrator shall treat the Holders of Certificates (other than the Class
      P,
      Class CE, Class R and Class R-X Certificates) as having entered into a notional
      principal contract with respect to the Holders of the Class CE-1 Certificates.
      Pursuant to each such notional principal contract, all Holders of Certificates
      (other than the Class P, Class CE-1, Class CE-2, Class R and Class R-X
      Certificates) shall be treated as having agreed to pay, on each Distribution
      Date, to the Holder of the Class CE-1 Certificates an aggregate amount equal
      to
      the excess, if any, of (i) the amount payable on such Distribution Date on
      the
      REMIC III Regular Interest corresponding to such Class of Certificates over
      (ii)
      the amount payable on such Class of Certificates on such Distribution Date
      (such
      excess, a “Class IO Distribution Amount”). A Class IO Distribution Amount
      payable from interest collections shall be allocated pro rata among
      such Certificates based on the excess of (a) the amount of interest otherwise
      payable to such Certificates over (ii) the amount of interest payable to such
      Certificates at a per annum rate equal to the Net WAC Pass-Through Rate, and
      a
      Class IO Distribution Amount payable from principal collections shall be
      allocated to the most subordinate Class of 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 CE-1 Certificates shall
      be
      treated as having agreed to pay Net WAC Rate Carryover Amounts to the Holders
      of
      the Certificates (other than the Class CE-1, Class CE-2, Class P, Class R and
      Class R-X Certificates) in accordance with the terms of this Agreement. Any
      payments to the 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 Code Section 860G(a)(1). However,
      any
      payment from the Certificates (other than the Class CE-1, Class CE-2, Class
      P,
      Class R and Class R-X Certificates) of a Class IO Distribution Amount shall
      be
      treated for tax purposes as having been received by the Holders of such
      Certificates in respect of their interests in REMIC III and as having been
      paid
      by such Holders pursuant to the notional principal contract. Thus, each
      Certificate (other than the Class P, Class R and Class R-X Certificates) shall
      be treated as representing not only ownership of Regular Interests in REMIC
      III,
      but also ownership of an interest in, and obligations with respect to, a
      notional principal contract.

     

    
      	
              SECTION
                4.10  

            	
              Collateral
                Accounts.

            

    

     

    (a)  The
      Trust
      Administrator (in its capacity as Cap Trustee) is hereby directed to perform
      the
      obligations of the Custodian as defined under the Interest Rate Cap Credit
      Support Annex (the “Interest Rate Cap Custodian”).  On or before the
      Closing Date, the Interest Rate Cap Custodian shall establish an Interest Rate
      Cap Collateral Account.  The Interest Rate Cap Collateral Account
      shall be held in the name of the Interest Rate Cap Custodian in trust for the
      benefit of the Certificateholders.  The Interest Rate Cap Collateral
      Account must be an Eligible Account and shall be titled “Interest Rate Cap
      Collateral Account, Wells Fargo Bank, N.A., as Interest Rate Cap Custodian
      for
      registered Certificateholders of Citigroup Mortgage Loan Trust 2007-AMC4,
      Asset-Backed Pass-Through Certificates, Series 2007-AMC4.”

     

    The
      Interest Rate Cap Custodian shall credit to the Interest Rate Cap Collateral
      Account all collateral (whether in form of cash or securities) posted by the
      Interest Rate Cap Provider to secure the obligations of the Interest Rate Cap
      Provider in accordance with the terms of the Interest Rate Cap
      Agreement.  Except for investment earnings, the Interest Rate Cap
      Provider shall not have any legal, equitable or beneficial interest in the
      Interest Rate Cap Collateral Account other than in accordance with this
      Agreement, the Interest Rate Cap Agreement, and applicable law.  The
      Interest Rate Cap Custodian shall maintain and apply all collateral earnings
      thereon on deposit in the Interest Rate Cap Collateral Account in accordance
      with the Interest Rate Cap Credit Support Annex.

     

    Cash
      collateral posted by the Interest Rate Cap Provider in accordance with the
      Interest Rate Cap Credit Support Annex shall be invested at the written
      direction of the Interest Rate Cap Provider in Permitted Investments in
      accordance with the requirements of the Interest Rate Cap Credit Support
      Annex.  All amounts earned on amounts on deposit in the Interest Rate
      Cap Collateral Account (whether cash collateral or securities) shall be for
      the
      account of and taxable to the Interest Rate Cap Provider.

     

    The
      Interest Rate Cap Custodian shall not be liable for the selection of Permitted
      Investments or for any investment losses incurred through investment of the
      Posted Collateral (as defined in the Interest Rate Cap Credit Support Annex)
      into Permitted Investments rated at least (x) AAAm or AAAm-G by S&P and (y)
      Prime-1 by Moody’s or Aaa by Moody’s, as directed by the Interest Rate Cap
      Provider.  The Interest Rate Cap Custodian shall have no liability in
      respect of losses incurred as a result of the liquidation of any such Permitted
      Investments prior to its stated maturity or failure of the Interest Rate Cap
      Provider to provide timely written direction.

     

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

     

    (b)  The
      Trust
      Administrator (in its capacity as Supplemental Interest Trust Trustee) is hereby
      directed to perform the obligations of the Custodian as defined under the Swap
      Credit Support Annex (the “Swap Custodian”).  On or before the Closing
      Date, the Swap Custodian shall establish a Swap Collateral
      Account.  The Swap Collateral Account shall be held in the name of the
      Swap Custodian in trust for the benefit of the
      Certificateholders.  The Swap Collateral Account must be an Eligible
      Account and shall be titled “Interest Rate Cap Collateral Account, Wells Fargo
      Bank, N.A., as Interest Rate Cap Custodian for registered Certificateholders
      of
      Citigroup Mortgage Loan Trust 2007-AMC4, Asset-Backed Pass-Through Certificates,
      Series 2007-AMC4.”

     

    The
      Swap
      Custodian shall credit to Swap Collateral Account all collateral (whether in
      the
      form of cash or securities) posted by the Swap Provider to secure the
      obligations of the Swap Provider in accordance with the terms of the Interest
      Rate Swap Agreement.  Except for investment earnings, the Swap
      Provider shall not have any legal, equitable or beneficial interest in the
      Swap
      Collateral Account other than in accordance with this Agreement, the Interest
      Rate Swap Agreement and applicable law.  The Swap Custodian shall
      maintain and apply all collateral and earnings thereon on deposit in the Swap
      Collateral Account in accordance with Swap Credit Support Annex.

     

    Cash
      collateral posted by the Swap Provider in accordance with the Swap Credit
      Support Annex shall be invested at the direction of the Swap Provider in
      Permitted Investments in accordance with the requirements of the Swap Credit
      Support Annex.  All amounts earned on amounts on deposit in the Swap
      Collateral Account (whether cash collateral or securities) shall be for the
      account of and taxable to the Swap Provider.

     

    The
      Swap
      Custodian shall not be liable for the selection of Permitted Investments or
      for
      any investment losses incurred through investment of the Posted Collateral
      (as
      defined in the Swap Credit Support Annex) into Permitted Investments rated
      at
      least (x) AAAm or AAAm-G by S&P and (y) Prime-1 by Moody’s or Aaa by
      Moody’s, as directed by the Sawp Provider.  The Swap Custodian shall
      have no liability in respect of losses incurred as a result of the liquidation
      of any such Permitted Investments prior to its stated maturity or failure of
      the
      Swap Provider to provide timely written direction.

     

    Upon
      the
      occurrence of an Event of Default or Specified Condition (each as defined in
      the
      Interest Rate Swap Agreement) with respect to the Swap Provider or upon
      occurrence or designation of an Early Termination Date (as defined in the
      Interest Rate Swap Agreement) as a result of any such Event of Default or
      Specified Condition with respect to the Swap Provider, and, in either such
      case,
      unless the Swap Provider has paid in full all of its Obligations (as defined
      in
      the Swap Credit Support Annex) that are then due, then any collateral posted
      by
      the Swap Provider in accordance with the Swap Credit Support Annex shall be
      applied to the payment of any Obligations due to Party B (as defined in the
      Interest Rate Swap Agreement) in accordance with the Swap Credit Support
      Annex.  To the extent the Swap Custodian is required to return any of
      the Posted Collateral (as defined in the Swap Credit Support Annex) to the
      Swap
      Provider under the terms of the Swap Credit Support Annex, the Swap Custodian
      shall return such collateral in accordance with the terms of the Swap Credit
      Support Annex

     

    
      	
              SECTION
                4.11  

            	
              Rights
                and Obligations Under the Interest Rate Cap Agreement and the Interest
                Rate Swap Agreement.

            

    

     

    (a)  In
      the
      event that the Interest Rate Cap Provider fails to perform any of its
      obligations under the Interest Rate Cap Agreement (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 Interest Rate Cap Agreement) occurs with respect to
      the
      Interest Rate Cap Agreement, the Trust Administrator (in its capacity as Cap
      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 Cap Trust, required to enforce the rights of the Cap Trust under the
      Interest Rate Cap Agreement.

     

    In
      the
      event that the Interest Rate Cap Provider’s obligations are guaranteed by a
      third party under a guaranty relating to the Interest Rate Cap Agreement (such
      guaranty the “Guaranty” and such third party the “Guarantor”), then to the
      extent that the Interest Rate Cap Provider fails to make any payment by the
      close of business on the day it is required to make payment under the terms
      of
      the Interest Rate Cap Agreement, the Trust Administrator (in its capacity as
      Cap
      Trustee) shall, promptly following actual notice of the Interest Rate Cap
      Provider’s failure to pay, demand that the Guarantor make any and all payments
      then required to be made by the Guarantor pursuant to such Guaranty by no later
      than 12:00 noon, New York time on the related Distribution Date; provided,
      that
      the Trust Administrator (in its capacity as Cap Trustee) shall in no event
      be
      liable for any failure or delay in the performance by the Interest Rate Cap
      Provider or any Guarantor of its obligations hereunder or pursuant to the
      Interest Rate Cap Agreement and the Guaranty, nor for any special, indirect
      or
      consequential loss or damage of any kind whatsoever (including but not limited
      to lost profits or legal expenses) in connection therewith.

     

    Upon
      an
      early termination of the Interest Rate Cap Agreement other than in connection
      with the optional termination of the Trust, the Trust Administrator (in its
      capacity as Cap Trustee) will, at the direction and with the cooperation of
      the
      Depositor, use reasonable efforts to appoint a successor interest rate cap
      provider to enter into a new interest rate cap agreement on terms substantially
      similar to the Interest Rate Cap Agreement, with a successor interest rate
      cap
      provider meeting all applicable eligibility requirements. If the Trust
      Administrator (in its capacity as Cap Trustee) receives a termination payment
      from the Interest Rate Cap Provider in connection with such early termination,
      the Trust Administrator (in its capacity as Cap Trustee) will apply such
      termination payment to any upfront payment required to appoint the successor
      interest rate cap provider.

     

    If
      the
      Trust Administrator (in its capacity as Cap Trustee) is unable to appoint a
      successor interest rate cap provider within 30 days of the early termination,
      then the Trust Administrator (in its capacity as Cap Trustee) will deposit
      any
      termination payment received from the original Interest Rate Cap Provider 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 Trust Administrator (in its capacity as Cap Trustee) by the original
      Interest Rate Cap Provider calculated in accordance with the terms of the
      original Interest Rate Cap Agreement, and distribute such amount in accordance
      with the terms of  Section 4.01(a)(6) herein and as set forth in the
      Cap Administration Agreement.

     

    Upon
      an
      early termination of the Interest Rate Cap Agreement in connection with the
      optional termination of the Trust, if the Trust Administrator (in its capacity
      as Cap Trustee) receives a termination payment from the Interest Rate Cap
      Provider, such termination payment will be distributed in accordance with
      Section 4.01(a)(6) herein and as set forth in the Cap Administration
      Agreement.

     

    (b)  In
      the
      event that the Swap Provider fails to perform any of its obligations under
      the
      Interest Rate Swap Agreement (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
      Interest Rate Swap Agreement) occurs with respect to the Interest Rate Swap
      Agreement, the Trust Administrator (in its capacity as Supplemental Interest
      Trust Trustee) shall, promptly following actual notice of such failure, breach
      or event, notify the Depositor and send any notices and make any demands, on
      behalf of the Supplemental Interest Trust, required to enforce the rights of
      the
      Supplemental Interest Trust under the Interest Rate Swap Agreement.

     

    In
      the
      event that the Swap Provider’s obligations are guaranteed by a third party under
      a guaranty relating to the Interest Rate Swap Agreement (such guaranty the
      “Guaranty” and such third party the “Guarantor”), then to the extent that the
      Swap Provider fails to make any payment by the close of business on the day
      it
      is required to make payment under the terms of the Interest Rate Swap Agreement,
      the Trust Administrator (in its capacity as Supplemental Interest Trust Trustee)
      shall, promptly following actual notice of the Swap Provider’s failure to pay,
      demand that the Guarantor make any and all payments then required to be made
      by
      the Guarantor pursuant to such Guaranty by no later than 12:00 noon, New York
      time on the related Distribution Date; provided, that the Trust Administrator
      (in its capacity as Supplemental Interest Trust Trustee) shall in no event
      be
      liable for any failure or delay in the performance by the Swap Provider or
      any
      Guarantor of its obligations hereunder or pursuant to the Interest Rate Swap
      Agreement and the Guaranty, nor for any special, indirect or consequential
      loss
      or damage of any kind whatsoever (including but not limited to lost profits
      or
      legal expenses) in connection therewith.

     

    Upon
      an
      early termination of the Interest Rate Swap Agreement other than in connection
      with the optional termination of the Trust, the Trust Administrator (in its
      capacity as Supplemental Interest Trust Trustee), at the direction and with
      the
      cooperation of the Depositor, will use reasonable efforts to appoint a successor
      swap provider to enter into a new interest rate swap agreement on terms
      substantially similar to the Interest Rate Swap Agreement, with a successor
      swap
      provider meeting all applicable eligibility requirements. If the Trust
      Administrator (in its capacity as Supplemental Interest Trust Trustee) receives
      a termination payment from the Swap Provider in connection with such early
      termination, the Trust Administrator (in its capacity as Supplemental Interest
      Trust Trustee) will apply such termination payment to any upfront payment
      required to appoint the successor swap provider.  If the Trust
      Administrator (in its capacity as Supplemental Interest Trust Trustee) is
      required to pay a termination payment to the Swap Provider in connection with
      such early termination, the Trust Administrator (in its capacity as Supplemental
      Interest Trust Trustee) will apply any upfront payment received from the
      successor swap provider to pay such termination payment.

     

    If
      the
      Trust Administrator (in its capacity as Supplemental Interest Trust Trustee)
      is
      unable to appoint a successor swap provider within 30 days of the early
      termination, then the Trust Administrator (in its capacity as Supplemental
      Interest Trust Trustee) will deposit any termination payment received from
      the
      original Swap Provider 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 Net Swap
      Payment, if any, that would have been paid to the Trust Administrator (in its
      capacity as Supplemental Interest Trust Trustee) by the original Swap Provider
      calculated in accordance with the terms of the original Interest Rate Swap
      Agreement, and distribute such amount in accordance with the terms
      of  Section 4.01(a)(7).

     

    Upon
      an
      early termination of the Interest Rate Swap Agreement in connection with the
      optional termination of the Trust, if the Trust Administrator (in its capacity
      as Supplemental Interest Trust Trustee) receives a termination payment from
      the
      Swap Provider, such termination payment will be distributed in accordance with
      Section 4.01(a)(7).

     

    
      	
              SECTION
                4.12  

            	
              Tax
                Treatment of Swap Payments and Swap Termination
                Payments.

            

    

     

    For
      federal income tax purposes, each holder of a Floating Rate Certificate is
      deemed to own an undivided beneficial ownership interest in a REMIC regular
      interest and the right to receive payments from either the Net WAC Rate
      Carryover Reserve Account or the Swap Account in respect of the Net WAC Rate
      Carryover Amount or the obligation to make payments to the Swap Account. For
      federal income tax purposes, the Trust Administrator will account for payments
      to each Floating Rate Certificates as follows: each Floating Rate Certificate
      will be treated as receiving their entire payment from REMIC III (regardless
      of
      any Swap Termination Payment or obligation under the Interest Rate Swap
      Agreement) and subsequently paying their portion of any Swap Termination Payment
      in respect of each such Class’ obligation under the Interest Rate Swap
      Agreement. In the event that any such Class is resecuritized in a REMIC, the
      obligation under the Interest Rate Swap Agreement to pay any such Swap
      Termination Payment (or any shortfall in Swap Provider Fee), will be made by
      one
      or more of the REMIC Regular Interests issued by the resecuritization REMIC
      subsequent to such REMIC Regular Interest receiving its full payment from any
      such Floating Rate Certificate.

     

    The
      REMIC
      regular interest corresponding to a Floating Rate Certificate will be entitled
      to receive interest and principal payments at the times and in the amounts
      equal
      to those made on the certificate to which it corresponds, except that (i) the
      maximum interest rate of that REMIC regular interest will equal the Net WAC
      Pass-Through Rate computed for this purpose by limiting the Swap Notional Amount
      of the Interest Rate Swap Agreement to the aggregate Stated Principal Balance
      of
      the Mortgage Loans and (ii) any Swap Termination Payment will be treated as
      being payable solely from Net Monthly Excess Cashflow. As a result of the
      foregoing, the amount of distributions and taxable income on the REMIC regular
      interest corresponding to a Floating Rate Certificate may exceed the actual
      amount of distributions on the Floating Rate Certificate.

     

    ARTICLE
      V

     

    THE
      CERTIFICATES

     

    
      	
              SECTION
                5.01  

            	
              The
                Certificates.

            

    

     

    (a)  The
      Certificates in the aggregate will represent the entire beneficial ownership
      interest in the Mortgage Loans and all other assets included in the Trust Fund.
      At the Closing Date, the aggregate Certificate Principal Balance of the
      Certificates will equal the aggregate Stated Principal Balance of the Mortgage
      Loans.

     

    The
      Certificates will be substantially in the forms annexed hereto as Exhibits
      A-1
      through A-20.  The Certificates of each Class will be issuable in
      registered form only, in denominations of authorized Percentage Interests as
      described in the definition thereof. Each Certificate will share ratably in
      all
      rights of the related Class.

     

    Upon
      original issue, the Certificates shall be executed, authenticated and delivered
      by the Trust Administrator to or upon the order of the Depositor. The
      Certificates shall be executed and attested by manual or facsimile signature
      on
      behalf of the Trust Administrator by an authorized signatory. Certificates
      bearing the manual or facsimile signatures of individuals who were at any time
      the proper officers of the Trust Administrator shall bind the Trust
      Administrator, notwithstanding that such individuals or any of them have ceased
      to hold such offices prior to the execution, 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 herein executed by the Trust
      Administrator by manual signature, and such certificate of authentication 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.

     

    (b)  The
      Book-Entry Certificates shall initially be issued as one or more Certificates
      held by Book-Entry Custodian or, if appointed to hold such Certificates as
      provided below, the Depository and 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 Trust Administrator 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 such Certificates through the
      book-entry facilities of the Depository and, except as provided below, shall
      not
      be entitled to definitive, fully registered Certificates (“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 only transfer the Ownership
      Interests 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 Trust Administrator is hereby
      initially appointed as the Book-Entry Custodian and hereby agrees to act as
      such
      in accordance herewith and in accordance with the agreement that it has with
      the
      Depository authorizing it to act as such.  The Book-Entry Custodian
      may, and if it is no longer qualified to act as such, the Book-Entry Custodian
      shall, appoint, by a written instrument delivered to the Depositor, the
      Servicer, the Master Servicer and the Trust Administrator, any other transfer
      agent (including the Depository or any successor Depository) to act as
      Book-Entry Custodian under such conditions as the predecessor Book-Entry
      Custodian and the Depository or any successor Depository may prescribe, provided
      that the predecessor Book-Entry Custodian shall not be relieved of any of its
      duties or responsibilities by reason of any such appointment of other than
      the
      Depository.  If the Trust Administrator resigns or is removed in
      accordance with the terms hereof, the successor trust administrator or, if
      it so
      elects, the Depository shall immediately succeed to its predecessor’s duties as
      Book-Entry Custodian. The Depositor shall have the right to inspect, and to
      obtain copies of, any Certificates held as Book-Entry Certificates by the
      Book-Entry Custodian.

     

    The
      Trustee, the Trust Administrator, the Master Servicer, the Servicer and the
      Depositor may for all purposes (including the making of payments due on the
      Book-Entry Certificates) deal with the Depository as the authorized
      representative of the Certificate Owners with respect to the Book-Entry
      Certificates for the purposes of exercising the rights of Certificateholders
      hereunder. The rights of Certificate Owners with respect to the 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 the 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 Trust Administrator 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 Trust Administrator 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) after the occurrence of the Servicer Event of Default or Master Servicer
      Event of Default, Certificate Owners representing in the aggregate not less
      than
      51% of the Ownership Interests of the Book-Entry Certificates advise the Trust
      Administrator through the Depository, in writing, that the continuation of
      a
      book-entry system through the Depository is no longer in the best interests
      of
      the Certificate Owners, the Trust Administrator 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 Trust Administrator of the Book-Entry Certificates
      by the Book-Entry Custodian or the Depository, as applicable, accompanied by
      registration instructions from the Depository for registration of transfer,
      the
      Trust Administrator shall issue the Definitive Certificates. Such Definitive
      Certificates will be issued in minimum denominations of $25,000, except that
      any
      beneficial ownership that was represented by a Book-Entry Certificate in an
      amount less than $25,000 immediately prior to the issuance of a Definitive
      Certificate shall be issued in a minimum denomination equal to the amount
      represented by such Book-Entry Certificate.  None of the Depositor,
      the Servicer, the Master Servicer, the Trust Administrator or the Trustee shall
      be liable for any delay in the 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 Depository shall be deemed
      to
      be imposed upon and performed by the Trust Administrator, to the extent
      applicable with respect to such Definitive Certificates, and the Trust
      Administrator shall recognize the Holders of the Definitive Certificates as
      Certificateholders hereunder.

     

    
      	
              SECTION
                5.02  

            	
              Registration
                of Transfer and Exchange of
                Certificates.

            

    

     

    (a)  The
      Trust
      Administrator shall cause to be kept at one of the offices or agencies to be
      appointed by the Trust Administrator in accordance with the provisions of
      Section 8.12 a Certificate Register for the Certificates in which, subject
      to
      such reasonable regulations as it may prescribe, the Trust Administrator shall
      provide for the registration of Certificates and of transfers and exchanges
      of
      Certificates as herein provided.

     

    (b)  No
      transfer of any Private Certificate shall be made unless that transfer is made
      pursuant to an effective registration statement under the Securities Act of
      1933, as amended (the “1933 Act”), and effective registration or qualification
      under applicable state securities laws, or is made in a transaction that does
      not require such registration or qualification. In the event that such a
      transfer of a Private Certificate is to be made without registration or
      qualification (other than in connection with (i) the initial transfer of any
      such Certificate by the Depositor to an Affiliate of the Depositor or, in the
      case of the Residual Certificates, the first transfer by an Affiliate of the
      Depositor, (ii) the transfer of any such Class CE-1, Class CE-2, Class P or
      Residual Certificate to the issuer under the Indenture or the indenture trustee
      or indenture trustee administrator under the Indenture or (iii) a transfer
      of
      any such Class CE-1, Class CE-2, Class P or Residual Certificate from the issuer
      under the Indenture or the indenture trustee or indenture trustee administrator
      under the Indenture to the Depositor or an Affiliate of the Depositor), the
      Trust Administrator shall require receipt of: (i) if such transfer is
      purportedly being made in reliance upon Rule 144A under the 1933 Act, written
      certifications from the Certificateholder desiring to effect the transfer and
      from such Certificateholder’s prospective transferee, substantially in the forms
      attached hereto as Exhibit F-1; and (ii) in all other cases, an Opinion of
      Counsel satisfactory to it that such transfer may be made without such
      registration (which Opinion of Counsel shall not be an expense of the Trust
      Fund
      or of the Depositor, the Trustee, the Master Servicer, the Trust Administrator,
      the Servicer, in its capacity as such, or any Sub-Servicer), together with
      copies of the written certification(s) of the Certificateholder desiring to
      effect the transfer and/or such Certificateholder’s prospective transferee upon
      which such Opinion of Counsel is based, if any.  None of the
      Depositor, the Master Servicer, the Trust Administrator or the Trustee is
      obligated to register or qualify any such Certificates under the 1933 Act or
      any
      other securities laws or to take any action not otherwise required under this
      Agreement to permit the transfer of such Certificates without registration
      or
      qualification. Any Certificateholder desiring to effect the transfer of any
      such
      Certificate shall, and does hereby agree to, indemnify the Trustee, the Master
      Servicer, the Trust Administrator, the Depositor and the 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.

     

    Notwithstanding
      the foregoing, in the event of any such transfer of any Ownership Interest
      in
      any Private Certificate that is a Book-Entry Certificate, except with respect
      to
      the initial transfer of any such Ownership Interest by the Depositor, such
      transfer shall be required to be made in reliance upon Rule 144A under the
      1933
      Act, and the transferee will be deemed to have made each of the transferee
      representations and warranties set forth Exhibit F-1 hereto in respect of such
      interest as if it was evidenced by a Definitive Certificate.  The
      Certificate Owner of any such Ownership Interest in any such Book-Entry
      Certificate desiring to effect such transfer shall, and does hereby agree to,
      indemnify the Trust Administrator and the Depositor 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.

     

    Notwithstanding
      the foregoing, no certification or Opinion of Counsel described in this Section
      5.02(b) will be required in connection with the transfer, on the Closing Date,
      of any Residual Certificate by the Depositor to an “accredited investor” within
      the meaning of Rule 501(d) of the 1933 Act.

     

    No
      transfer of a Residual Certificate or Class CE-2 Certificate or any interest
      therein shall be made to any 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 acquiring such Certificates with “Plan Assets” of a Plan within the
      meaning of the Department of Labor regulation promulgated at 29 C.F.R. §
2510.3-101, as modified by Section 3(42) of ERISA (“Plan Assets”), as certified
      by such transferee in the form of Exhibit G, unless the Trust Administrator
      is
      provided with an Opinion of Counsel on which the Trust Administrator, the Master
      Servicer, the Depositor, the Trustee and the Servicer may rely, to the effect
      that the purchase of such Certificates is permissible under ERISA and the Code,
      will not constitute or result in any non-exempt prohibited transaction under
      ERISA or Section 4975 of the Code and will not subject the Depositor, the
      Servicer, the Master Servicer, the Trustee, the Trust Administrator or the
      Trust
      Fund to any obligation or liability (including obligations or liabilities under
      ERISA or Section 4975 of the Code) in addition to those undertaken in this
      Agreement, which Opinion of Counsel shall not be an expense of the Depositor,
      the Servicer, the Trustee, the Master Servicer, the Trust Administrator or
      the
      Trust Fund. Neither a certification nor an Opinion of Counsel will be required
      in connection with (i) the initial transfer of any such Certificate by the
      Depositor to an Affiliate of the Depositor or, in the case of the Residual
      Certificates, the first transfer by an Affiliate of the Depositor, (ii) the
      transfer of any such Certificate to the issuer under the Indenture or the
      indenture trustee under the Indenture or (iii) a transfer of any such
      Certificate from the issuer under the Indenture or the indenture trustee under
      the Indenture to the Depositor or an Affiliate of the Depositor (in which case,
      the Depositor or any Affiliate thereof shall have deemed to have represented
      that such Affiliate is not a Plan or a Person investing Plan Assets) and the
      Trust Administrator shall be entitled to conclusively rely upon a representation
      (which, upon the request of the Trust Administrator, shall be a written
      representation) from the Depositor of the status of such transferee as an
      affiliate of the Depositor.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, each beneficial owner of
      a
      Floating Rate Certificate, Class CE-1 Certificate or Class P Certificate or
      any
      interest therein, shall represent or 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 (“PTE”) 91-23, as amended by PTE 97-34, PTE
      2000-58, PTE 2002-41 and PTE 2007-05 (the “Underwriters’ 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 either (I) Prohibited Transaction Class Exemption
      (“PTCE”) 95-60 or (II) except in the case of a Class CE-1 Certificate or Class P
      Certificate, PTCE 84-14, 91-38, 90-1 or 96-23.

     

    Each
      beneficial owner of a Mezzanine Certificate, Class CE-1 Certificate or Class
      P
      Certificate or any interest therein that is acquired subsequent to the
      termination of the Supplemental Interest Trust shall be deemed to have
      represented, by virtue of its acquisition or holding of that certificate or
      interest therein, that either (i) it is not a Plan investor, (ii) except in
      the
      case of a Class CE-1 Certificate or Class P Certificate, it has acquired and
      is
      holding such Certificate in reliance on the Underwriters’ Exemption, and it
      understands that there are certain conditions to the availability of the
      Underwriters’ Exemption, including that such Certificate must be rated, at the
      time of purchase, not lower than “BBB-” (or its equivalent) by S&P, Fitch
      Ratings, Dominion Bond Rating Service Limited (known as DBRS Limited), Dominion
      Bond Rating Service, Inc. (known as DBRS, Inc.) or Moody’s and the Certificates
      is so rated or (iii) (1) it is an insurance company, (2) the source of funds
      used to acquire or hold the Certificate or interest therein is an “insurance
      company general account,” as such term is defined in PTCE 95-60, and (3) the
      conditions in Sections I and III of PTCE 95-60 have been satisfied.

     

    If
      any
      Private Certificate or Mezzanine Certificate or any interest therein is acquired
      or held in violation of the provisions of the preceding two paragraphs, 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. Any purported beneficial owner whose acquisition or holding of any such
      Certificate or interest therein was effected in violation of the provisions
      of
      the preceding two paragraphs shall indemnify and hold harmless the Depositor,
      the Servicer, the Trustee, the Master Servicer, the Trust Administrator and
      the
      Trust Fund from and against any and all liabilities, claims, costs or expenses
      incurred by those parties as a result of that acquisition or
      holding.

     

    (c)  (i)  Each
      Person who has or who acquires any Ownership Interest in a Residual 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 Trust Administrator 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
      Residual Certificate are expressly subject to the following
      provisions:

     

    (A)  Each
      Person holding or acquiring any Ownership Interest in a Residual Certificate
      shall be a Permitted Transferee and shall promptly notify the Trust
      Administrator 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 Residual
      Certificate, the Trust Administrator shall require delivery to it and shall
      not
      register the Transfer of any Residual Certificate until its receipt of an
      affidavit and agreement (a “Transfer Affidavit and Agreement”), in the form
      attached hereto as Exhibit F-2, from the proposed Transferee, in form and
      substance satisfactory to the Trust Administrator, representing and warranting,
      among other things, that such Transferee is a Permitted Transferee, that it
      is
      not acquiring its Ownership Interest in the Residual Certificate that is the
      subject of the proposed Transfer as a nominee, trustee or agent for any Person
      that is not a Permitted Transferee, that for so long as it retains its Ownership
      Interest in a Residual Certificate, it will endeavor to remain a Permitted
      Transferee, and that it has reviewed the provisions of this Section 5.02(d)
      and
      agrees to be bound by them.

     

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

     

    (D)  Each
      Person holding or acquiring any Ownership Interest in a Residual Certificate
      shall agree (x) to require a Transfer Affidavit and Agreement from any other
      Person to whom such Person attempts to transfer its Ownership Interest in a
      Residual Certificate and (y) not to transfer its Ownership Interest unless
      it
      provides a transferor affidavit (a “Transferor Affidavit”), in the form attached
      hereto as Exhibit F-2, to the Trust Administrator stating that, among other
      things, it has no actual knowledge that such other Person is not a Permitted
      Transferee.

     

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

     

    (ii)  The
      Trust
      Administrator will register the Transfer of any Residual Certificate only if
      it
      shall have received the Transfer Affidavit and Agreement and all of such other
      documents as shall have been reasonably required by the Trust Administrator
      as a
      condition to such registration.  In addition, no Transfer of a
      Residual Certificate shall be made unless the Trust Administrator shall have
      received a representation letter from the Transferee of such Certificate to
      the
      effect that such Transferee is a Permitted Transferee.

     

    (iii)  (A)  If
      any purported Transferee shall become a Holder of a Residual Certificate in
      violation of the provisions of this Section 5.02(d), then the last preceding
      Permitted Transferee shall be restored, to the extent permitted by law, to
      all
      rights as Holder thereof retroactive to the date of registration of such
      Transfer of such Residual Certificate.  The Trust Administrator shall
      be under no liability to any Person for any registration of Transfer of a
      Residual Certificate that is in fact not permitted by this Section 5.02(d)
      or
      for making any payments due on such Certificate to the Holder thereof or for
      taking any other action with respect to such Holder under the provisions of
      this
      Agreement.

     

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

     

    (iv)  The
      Trust
      Administrator 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
      Residual Certificate to any Person who is a Disqualified Organization, including
      the information described in Treasury regulations sections 1.860D-1(b)(5) and
      1.860E-2(a)(5) with respect to the “excess inclusions” of such Residual
      Certificate 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
      Residual Certificate having as among its record holders at any time any Person
      which is a Disqualified Organization. Reasonable compensation for providing
      such
      information may be accepted by the Trust Administrator.

     

    (v)  The
      provisions of this Section 5.02(d) set forth prior to this subsection (v) may
      be
      modified, added to or eliminated, provided that there shall have been delivered
      to the Trust Administrator at the expense of the party seeking to modify, add
      to
      or eliminate any such provision the following:

     

    (A)  written
      notification from the Rating Agencies to the effect that the modification,
      addition to or elimination of such provisions will not cause the Rating Agencies
      to downgrade its then-current ratings of any Class of Certificates;
      and

     

    (B)  an
      Opinion of Counsel, in form and substance satisfactory to the Trust
      Administrator, to the effect that such modification of, addition to or
      elimination of such provisions will not cause any Trust REMIC to cease to
      qualify as a REMIC and will not cause (x) any Trust REMIC to be subject to
      an
      entity-level tax caused by the Transfer of any Residual Certificate to a Person
      that is not a Permitted Transferee or (y) a Person other than the prospective
      transferee to be subject to a REMIC-tax caused by the Transfer of a Residual
      Certificate to a Person that is not a Permitted Transferee.

     

    (d)  Subject
      to the preceding subsections, upon surrender for registration of transfer of
      any
      Certificate at any office or agency of the Trust Administrator maintained for
      such purpose pursuant to Section 8.12, the Trust Administrator shall execute,
      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.

     

    (e)  At
      the
      option of the Holder thereof, any Certificate may be exchanged for other
      Certificates of the same Class with authorized denominations and a like
      aggregate Percentage Interest, upon surrender of such Certificate to be
      exchanged at any office or agency of the Trust Administrator maintained for
      such
      purpose pursuant to Section 8.12. Whenever any Certificates are so surrendered
      for exchange, the Trust Administrator 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 Trust Administrator) be duly endorsed by, or be
      accompanied by a written instrument of transfer in the form satisfactory to
      the
      Trust Administrator duly executed by, the Holder thereof or his attorney duly
      authorized in writing.  In addition, (i) with respect to each Class R
      Certificate, the Holder thereof may exchange, in the manner described above,
      such Class R Certificate for three separate Certificates, each representing
      such
      Holder’s respective Percentage Interest in the Class R-I Interest, the Class
      R-II Interest an the Class R-III Interest that was evidenced by the Class R
      Certificate being exchanged and (ii) with respect to each Class R-X Certificate,
      the Holder thereof may exchange, in the manner described above, such Class
      R-X
      Certificate for four separate Certificates, each representing such Holder’s
      respective Percentage Interest in the Class R-IV Interest, the Class R-V
      Interest, the Class R-VI Interest and the Class R-VII Interest, respectively,
      in
      each case that was evidenced by the Class R-X Certificate being
      exchanged.

     

    (f)  No
      service charge to the Certificateholders shall be made for any transfer or
      exchange of Certificates, but the Trust Administrator 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.

     

    (g)  All
      Certificates surrendered for transfer and exchange shall be canceled and
      destroyed by the Trust Administrator in accordance with its customary
      procedures.

     

    
      	
              SECTION
                5.03  

            	
              Mutilated,
                Destroyed, Lost or Stolen
                Certificates.

            

    

     

    If
      (i)
      any mutilated Certificate is surrendered to the Trust Administrator, or the
      Trust Administrator receive evidence to its satisfaction of the destruction,
      loss or theft of any Certificate, and (ii) there is delivered to the Trustee
      and
      the Trust Administrator such security or indemnity as may be required by them
      to
      save each of them harmless, then, in the absence of actual knowledge by the
      Trust Administrator that such Certificate has been acquired by a bona fide
      purchaser, the Trust Administrator 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 of like denomination and
      Percentage Interest. Upon the issuance of any new Certificate under this
      Section, the Trust Administrator 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 Trust
      Administrator) connected therewith. Any replacement Certificate issued pursuant
      to this Section shall constitute complete and indefeasible evidence of ownership
      in the applicable REMIC created hereunder, 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 Servicer, the Trustee, the Trust
      Administrator 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 none of the Depositor, the Master Servicer, the Servicer, the
      Trustee, the Trust Administrator or any agent of any of them shall be affected
      by notice to the contrary.

     

    
      	
              SECTION
                5.05  

            	
              Certain
                Available Information.

            

    

     

    The
      Trust
      Administrator shall maintain at its Corporate Trust Office and shall make
      available free of charge during normal business hours for review by any Holder
      of a Certificate or any Person identified to the Trust Administrator as a
      prospective transferee of a Certificate, originals or copies of the following
      items: (A) this Agreement and any amendments hereof entered into pursuant to
      Section 11.01, (B) all Monthly Statements required to be delivered to
      Certificateholders of the relevant Class pursuant to Section 4.02 since the
      Closing Date, and all other notices, reports, statements and written
      communications delivered to the Certificateholders of the relevant Class
      pursuant to this Agreement since the Closing Date, (C) all certifications
      delivered by a Responsible Officer of the Trust Administrator since the Closing
      Date pursuant to Section 10.01(h), (D) any and all Officers’ Certificates
      delivered to the Trust Administrator by the Servicer since the Closing Date
      to
      evidence the Servicer’s determination that any P&I Advance or Servicing
      Advance was, or if made, would be a Nonrecoverable Advance and (E) any and
      all
      Officers’ Certificates delivered to the Trust Administrator by the Servicer
      since the Closing Date pursuant to Section 4.04(a). Copies and mailing of any
      and all of the foregoing items will be available from the Trust Administrator
      upon request at the expense of the person requesting the same.

     

    ARTICLE
      VI

     

    THE
      DEPOSITOR, THE MASTER SERVICER AND THE SERVICERS

     

    
      	
              SECTION
                6.01  

            	
              Liability
                of the Depositor, the Master Servicer and the
                Servicer.

            

    

     

    The
      Servicer and the Master Servicer shall be liable in accordance herewith only
      to
      the extent of the obligations specifically imposed by this Agreement and
      undertaken hereunder by the Servicer and the Master Servicer, as applicable,
      herein.  The Depositor shall be liable in accordance herewith only to
      the extent of the obligations specifically imposed by this Agreement and
      undertaken hereunder by the Depositor herein.

     

    
      	
              SECTION
                6.02  

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

            

    

     

    Subject
      to the following paragraph, the Depositor will keep in full effect its
      existence, rights and franchises as a corporation under the laws of the
      jurisdiction of its incorporation. Subject to the following paragraph, each
      of
      the Servicer and the Master Servicer will keep in full effect its existence,
      rights and franchises as a corporation under the laws of the jurisdiction of
      its
      incorporation and its qualification as an approved conventional seller/servicer
      for Fannie Mae or Freddie Mac in good standing. The Depositor, the Master
      Servicer and the Servicer 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.

     

    The
      Depositor, the Master Servicer, or 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 the Depositor, the Master Servicer or the Servicer shall be a party,
      or
      any Person succeeding to the business of the Depositor, the Master Servicer
      or
      the Servicer, shall be the successor of the Depositor, the Master Servicer
      or
      the 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 Servicer shall be qualified to service mortgage loans
      on
      behalf of Fannie Mae or Freddie Mac; and provided further that the Rating
      Agencies’ ratings of the Floating Rate Certificates in effect immediately prior
      to such merger or consolidation will not be qualified, reduced or withdrawn
      as a
      result thereof (as evidenced by a letter to such effect from the Rating
      Agencies).  Notwithstanding the foregoing, such successor Servicer
      shall be acceptable to the Servicing Rights Owner.

     

    
      	
              SECTION
                6.03  

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

            

    

     

    None
      of
      the Depositor, the Master Servicer, the Servicer (and any Sub-Servicer), the
      Backup Servicer or any of the directors, officers, employees or agents of the
      Depositor, the Master Servicer, the Servicer (and any Sub-Servicer) or the
      Backup 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 the related Sub-Servicing
      Agreement, as applicable, or for errors in judgment; provided, however, that
      this provision shall not protect the Depositor, the Master Servicer, the
      Servicer (and any Sub-Servicer) or the Backup Servicer or any such person
      against any breach of warranties, representations or covenants made herein,
      or
      against any specific liability imposed on the Servicer (and any Sub-Servicer)
      pursuant hereto or the related Sub-Servicing Agreement, as applicable, or
      against any liability which would otherwise be imposed by reason of willful
      misfeasance, bad faith or negligence in the performance of duties or by reason
      of reckless disregard of obligations and duties hereunder or the related
      Sub-Servicing Agreement, as applicable. The Depositor, the Master Servicer,
      the
      Servicer (and any Sub-Servicer), the Backup Servicer and any director, officer,
      employee or agent of the Depositor, the Master Servicer, the Servicer or the
      Backup Servicer may rely in good faith on any document of any kind which,
prima facie, is properly executed and submitted by any Person
      respecting any matters arising hereunder or the related Sub-Servicing Agreement,
      as applicable.

     

    The
      Depositor, the Master Servicer, the Servicer (and any Sub-Servicer), the Backup
      Servicer and any director, officer, employee or agent of the Depositor, the
      Master Servicer, the Servicer (and any Sub-Servicer) or the Backup Servicer
      shall be indemnified and held harmless by the Trust Fund against (i) any loss,
      liability or expense incurred in connection with any legal action relating
      to
      this Agreement or the Certificates (except as any such loss, liability or
      expense shall be otherwise reimbursable pursuant to this Agreement) or any
      loss,
      liability or expense incurred by reason of willful misfeasance, bad faith or
      negligence in the performance of duties hereunder or the related Sub-Servicing
      Agreement, as applicable, or by reason of reckless disregard of obligations
      and
      duties hereunder or the related Sub-Servicing Agreement, as applicable, and
      (ii)
      any breach of a representation or warranty regarding the Mortgage Loans. None
      of
      the Depositor, the Master Servicer, the Servicer (and any Sub-Servicer) or
      the
      Backup Servicer shall be under any obligation to appear in, prosecute or defend
      any legal action unless such action is related to its respective duties under
      this Agreement or the related Sub-Servicing Agreement, as applicable, and,
      in
      its opinion, does not involve it in any expense or liability; provided, however,
      that each of the Depositor, the Master Servicer, the Servicer (and any
      Sub-Servicer) and the Backup Servicer may in its discretion undertake any such
      action which it may deem necessary or desirable with respect to this Agreement
      or the related Sub-Servicing Agreement, as applicable, and the rights and duties
      of the parties hereto or to the related Sub-Servicing Agreement, as applicable,
      and the interests of the Certificateholders hereunder. In such event, unless
      the
      Depositor the Master Servicer, the Servicer (and any Sub-Servicer) or the Backup
      Servicer acts without the consent of Holders of Certificates entitled to at
      least 51% of the Voting Rights (which consent shall not be necessary in the
      case
      of litigation or other legal action by either to enforce their respective rights
      or defend themselves hereunder or the related Sub-Servicing Agreement, as
      applicable), the legal expenses and costs of such action and any liability
      resulting therefrom (except any loss, liability or expense incurred by reason
      of
      willful misfeasance, bad faith or negligence in the performance of duties
      hereunder or by reason of reckless disregard of obligations and duties hereunder
      or the related Sub-Servicing Agreement, as applicable) shall be expenses, costs
      and liabilities of the Trust Fund, and the Depositor (subject to the limitations
      set forth above), the Master Servicer, the Servicer (and any Sub-Servicer)
      and
      the Backup Servicer shall be entitled to be reimbursed therefor from the
      Collection Account or Distribution Account, as applicable, as and to the extent
      provided in Section 3.11 or Section 3A.12 or from the corresponding custodial
      account established under the related Sub-Servicing Agreement, any such right
      of
      reimbursement being prior to the rights of the Certificateholders to receive
      any
      amount in the Collection Account or Distribution Account. The Master Servicer’s,
      the Trust Administrator’s, the Servicer’s or the Backup Servicer’s right to
      indemnity or reimbursement pursuant to this Section shall survive any
      termination of this Agreement, any resignation or termination of the Master
      Servicer, the Trust Administrator, the Servicer or the Backup Servicer pursuant
      to Section 6.04 or 7.01 with respect to any losses, expenses, costs or
      liabilities arising prior to such resignation or termination (or arising from
      events that occurred prior to such resignation or termination).

     

    
      	
              SECTION
                6.04  

            	
              Limitation
                on Resignation of the Servicer; Servicing Rights Owner Termination
                Options; Assignment of Master
                Servicing.

            

    

     

    (a)  The
      Servicer shall not resign from the obligations and duties hereby imposed on
      it
      except (i) upon determination that its duties hereunder are no longer
      permissible under applicable law, (ii) with the written consent of the Trustee
      and the Trust Administrator, which consent may not be unreasonably withheld,
      with written confirmation from the Rating Agencies (which confirmation shall
      be
      furnished to the Depositor, the Master Servicer, the Trustee and the Trust
      Administrator) that such resignation will not cause the Rating Agencies to
      reduce the then current rating of the Class A Certificates and provided that
      a
      qualified successor (including the Backup Servicer) has agreed to assume the
      duties and obligations of the Servicer hereunder or (iii) by mutual consent
      of
      the Servicer and the Servicing Rights Owner, in the case of the Backup Servicer
      or any other successor servicer, upon 30 days prior written notice from the
      Servicing Rights Owner directing it to resign. Any such determination pursuant
      to clause (i) of the preceding sentence permitting the resignation of the
      Servicer shall be evidenced by an Opinion of Counsel to such effect obtained
      at
      the expense of the Servicer and delivered to the Trustee, the Master Servicer,
      and the Trust Administrator and the Servicing Rights Owner. No resignation
      of
      the Servicer shall become effective until the Successor Servicer, in accordance
      with Section 7.02 hereof, shall have assumed the Servicer’s responsibilities,
      duties, liabilities (other than those liabilities arising prior to the
      appointment of such successor) and obligations under this
      Agreement.

     

    Notwithstanding
      the foregoing, the obligations and responsibilities of the Servicer created
      hereby shall be terminated without cause upon 30 days’ written notice from the
      Servicing Rights Owner to the Servicer, the Trustee, the Master Servicer, the
      Trust Administrator, the Backup Servicer and the Rating Agencies; provided,
      however, if the Servicer is terminated pursuant to this Section 6.04, (i) it
      shall continue to be entitled to receive all amounts accrued or owing to it
      under this Agreement on or prior to the date of such termination, whether in
      respect of P&I Advances, Servicing Advances or otherwise and (ii) it shall
      not be responsible for the payment of any Servicing Transfer Costs (and such
      Servicing Transfer Costs shall be payable by the Trust Fund).

     

    Except
      as
      expressly provided herein, the Servicer shall not assign or transfer any of
      its
      rights, benefits or privileges hereunder to any other Person, nor delegate
      to or
      subcontract with, nor authorize or appoint any other Person to perform any
      of
      the duties, covenants or obligations to be performed by the Servicer hereunder.
      If, pursuant to any provision hereof, the duties of the Servicer are transferred
      to a successor servicer, the entire amount of the Servicing Fee and other
      compensation payable to the Servicer pursuant hereto shall thereafter be payable
      to such successor servicer.

     

    (b)  The
      Master Servicer may sell, assign or delegate its rights, duties and obligations
      as Master Servicer under this Agreement in their entirety; provided, however,
      that:  (i) the purchaser or transferee accepting such sale, assignment
      and delegation (a) shall be a Person qualified to service mortgage loans for
      Fannie Mae or Freddie Mac; (b) shall have a net worth of not less than
      $50,000,000 (unless otherwise approved by each Rating Agency pursuant to clause
      (ii) below); and (c) shall execute and deliver to the Trustee an agreement,
      in
      form and substance reasonably satisfactory to the Trustee, which contains an
      assumption by such Person of the due and punctual performance and observance
      of
      each covenant and condition to be performed or observed by it as master servicer
      under this Agreement from and after the effective date of such assumption
      agreement; (ii) each Rating Agency shall be given prior written notice of the
      identity of the proposed successor to the Master Servicer and shall confirm
      in
      writing to the Master Servicer and the Trustee that any such sale, assignment
      or
      delegation would not result in a withdrawal or a downgrading of the rating
      on
      any Class of Certificates in effect immediately prior to such sale, assignment
      or delegation; and (iii) the Master Servicer shall deliver to the Trustee an
      Officers’ Certificate and an Opinion of Counsel, each stating that all
      conditions precedent to such action under this Agreement have been fulfilled
      and
      such action is permitted by and complies with the terms of this
      Agreement.  No such sale, assignment or delegation shall affect any
      liability of the Master Servicer arising prior to the effective date
      thereof.

     

    
      	
              SECTION
                6.05  

            	
              Successor
                Master Servicer.

            

    

     

    In
      connection with the appointment of any successor Master Servicer or the
      assumption of the duties of the Master Servicer, the Depositor or the Trustee
      may make such arrangements for the compensation of such successor Master
      Servicer out of payments on the Mortgage Loans as the Depositor or the Trustee
      and such successor Master Servicer shall agree. If the successor Master Servicer
      does not agree that such market value is a fair price, such successor Master
      Servicer shall obtain two quotations of market value from third parties actively
      engaged in the master servicing of single-family mortgage
      loans.  Notwithstanding the foregoing, the compensation payable to a
      successor Master Servicer may not exceed the compensation which the Master
      Servicer would have been entitled to retain if the Master Servicer had continued
      to act as Master Servicer hereunder.

     

    
      	
              SECTION
                6.06  

            	
              Rights
                of the Depositor in Respect of the
                Servicer.

            

    

     

    The
      Servicer shall afford (and any Sub-Servicing Agreement shall provide that each
      Sub-Servicer shall afford) the Depositor, the Master Servicer, the Trustee
      and
      the Trust Administrator, upon reasonable notice, during normal business hours,
      access to all records maintained by the Servicer (and any such Sub-Servicer)
      in
      respect of the Servicer’s rights and obligations hereunder and access to
      officers of the Servicer (and those of any such Sub-Servicer) responsible for
      such obligations. Upon request, the Servicer shall furnish to the Depositor,
      the
      Master Servicer, the Trustee and the Trust Administrator its (and any such
      Sub-Servicer’s) most recent financial statements of the parent company of the
      Servicer and such other information relating to the Servicer’s capacity to
      perform its obligations under this Agreement that it possesses.  To
      the extent such information is not otherwise available to the public, the
      Depositor, the Master Servicer, the Trustee and the Trust Administrator shall
      not disseminate any information obtained pursuant to the preceding two sentences
      without the Servicer’s written consent, except as required pursuant to this
      Agreement or to the extent that it is appropriate to do so (i) in working with
      legal counsel, auditors, taxing authorities or other governmental agencies,
      rating agencies or reinsurers or (ii) pursuant to any law, rule, regulation,
      order, judgment, writ, injunction or decree of any court or governmental
      authority having jurisdiction over the Depositor, the Master Servicer, the
      Trustee, the Trust Administrator or the Trust Fund, and in either case, the
      Depositor, the Master Servicer, the Trustee or the Trust Administrator, as
      the
      case may be, shall use its best efforts to assure the confidentiality of any
      such disseminated non-public information. The Depositor may, but is not
      obligated to, enforce the obligations of the Servicer under this Agreement
      and
      may, but is not obligated to, perform, or cause a designee to perform, any
      defaulted obligation of the Servicer under this Agreement or exercise the rights
      of the Servicer under this Agreement; provided that the Servicer shall not
      be
      relieved of any of its obligations under this Agreement by virtue of such
      performance by the Depositor or its designee. The Depositor shall not have
      any
      responsibility or liability for any action or failure to act by the Servicer
      and
      is not obligated to supervise the performance of the Servicer under this
      Agreement or otherwise.

     

    
      	
              SECTION
                6.07  

            	
              Duties
                of the Credit Risk Manager.

            

    

     

    For
      and
      on behalf of the Trust, the Credit Risk Manager will provide reports and
      recommendations concerning certain delinquent and defaulted Mortgage Loans,
      and
      as to the collection of any Prepayment Charges with respect to the Mortgage
      Loans.  Such reports and recommendations will be based upon
      information provided to the Credit Risk Manager pursuant to the respective
      Credit Risk Management Agreement, and the Credit Risk Manager shall look solely
      to the Servicer and/or the Master Servicer for all information and data
      (including loss and delinquency information and data) relating to the servicing
      of the related Mortgage Loans.  Upon any termination of the Credit
      Risk Manager or the appointment of a successor Credit Risk Manager, the
      Depositor shall give written notice thereof to the Servicer, the Master
      Servicer, the Trustee, the Trust Administrator and each Rating
      Agency.  Notwithstanding the foregoing, the termination of the Credit
      Risk Manager pursuant to this Section shall not become effective until the
      appointment of a successor Credit Risk Manager.

     

    
      	
              SECTION
                6.08  

            	
              Limitation
                Upon Liability of the Credit Risk
                Manager.

            

    

     

    Neither
      the Credit Risk Manager, nor any of its directors, officers, employees, or
      agents shall be under any liability to the Trustee, the Certificateholders,
      the
      Master Servicer, the Trust Administrator, the Servicer or the Depositor for
      any
      action taken or for refraining from the taking of any action made in good faith
      pursuant to this Agreement, in reliance upon information provided by the
      Servicer or the Master Servicer under the related Credit Risk Management
      Agreement, or for errors in judgment; provided, however, that this provision
      shall not protect the Credit Risk Manager or any such person against liability
      that would otherwise be imposed by reason of willful malfeasance or bad faith
      in
      its performance of its duties.  The Credit Risk Manager and any
      director, officer, employee, or agent of the Credit Risk Manager 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, and may
      rely in good faith upon the accuracy of information furnished by the Servicer
      or
      the Master Servicer pursuant to the applicable Credit Risk Management Agreement
      in the performance of its duties thereunder and hereunder.

     

    
      	
              SECTION
                6.09  

            	
              Removal
                of the Credit Risk Manager.

            

    

     

    The
      Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders
      holding not less than 66 2/3% of the Voting Rights in the Trust Fund, in the
      exercise of its or their sole discretion.  The Certificateholders
      shall provide written notice of the Credit Risk Manager’s removal to the Trust
      Administrator.  Upon receipt of such notice, the Trust Administrator
      shall provide written notice to the Credit Risk Manager of its removal, which
      shall be effective upon receipt of such notice by the Credit Risk
      Manager.

     

    ARTICLE
      VII

     

    DEFAULT

     

    
      	
              SECTION
                7.01  

            	
              Servicer
                Events of Default and Master Servicer Events of
                Termination.

            

    

     

    (a)  “Servicer
      Event of Default,” wherever used herein, means any one of the following
      events:

     

    (i)  any
      failure by the Servicer to remit to the Trust Administrator for distribution
      to
      the Certificateholders any payment (other than a P&I Advance required to be
      made from its own funds on any Servicer Remittance Date pursuant to Section
      4.03) required to be made under the terms of the Certificates and this Agreement
      which continues unremedied for a period of one Business Day after the date
      upon
      which written notice of such failure, requiring the same to be remedied, shall
      have been given to the Servicer by the Depositor, the Trust Administrator or
      the
      Trustee (in which case notice shall be provided by telecopy), or to the
      Servicer, the Depositor, the Trust Administrator and the Trustee by the Holders
      of Certificates entitled to at least 25% of the Voting Rights; or

     

    (ii)  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 (other than the agreements of the Servicer contained
      in Section 3.20 and Section 3.21), or the breach by the Servicer of any
      representation and warranty contained in Section 2.05 which continues unremedied
      for a period of 45 days (or if such failure or breach cannot be remedied within
      45 days, then such remedy shall have been commenced within 45 days and
      diligently pursued thereafter; provided, however, that in no event shall such
      failure or breach be allowed to exist for a period of greater than 60 days)
      after the earlier of (i) the date on which written notice of such failure,
      requiring the same to be remedied, shall have been given to the Servicer by
      the
      Depositor, the Trust Administrator or the Trustee, or to the Servicer, the
      Depositor, the Trust Administrator and the Trustee by the Holders of
      Certificates entitled to at least 25% of the Voting Rights and (ii) actual
      knowledge of such failure by a Servicing Officer; or

     

    (iii)  a
      decree
      or order of a court or agency or supervisory authority having jurisdiction
      in
      the premises 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, marshalling
      of
      assets and liabilities or similar proceeding, or for the winding-up or
      liquidation of its affairs, shall have been entered against the Servicer and
      if
      such proceeding is being contested by the Servicer in good faith such decree
      or
      order shall have remained in force undischarged or unstayed for a period of
      60
      consecutive days or results in the entry of an order for relief or any such
      adjudication or appointment; or

     

    (iv)  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

     

    (v)  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 insolvency
      or
      reorganization statute, make an assignment for the benefit of its creditors,
      or
      voluntarily suspend payment of its obligations;

     

    (vi)  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 Agreements or timely comply with is obligations pursuant
      to
      Section 3.20, Section 3.21 or Section 4.07 hereof, or, to the extent that the
      Backup Servicer is acting as the Successor Servicer, any failure of the Backup
      Servicer to comply with the terms of the Addendum Regulation AB; or

     

    (vii)  any
      failure of the Servicer to make any P&I Advance by 5:00 New York time (it
      being understood that such time shall not apply if the Backup Servicer is acting
      as the Successor Servicer) on the Business Day immediately preceding the related
      Distribution Date.

     

    If
      the
      Servicer Event of Default described in clauses (i) through (vi) of this Section
      shall occur and be continuing, then, and in each and every such case, so long
      as
      the Servicer Event of Default shall not have been remedied, the Depositor,
      the
      Master Servicer, the Trust Administrator or the Trustee may, and at the written
      direction of the Holders of Certificates entitled to at least 51% of Voting
      Rights, the Trustee or the Master Servicer shall, by notice in writing to the
      Servicer, the Backup Servicer and the Servicing Rights Owner (and to the
      Depositor and the Trust Administrator if given by the Trustee or to the Trustee
      and the Trust Administrator if given by the Depositor), terminate all of the
      rights and obligations of the Servicer in its capacity as the Servicer under
      this Agreement, to the extent permitted by law, and in and to the Mortgage
      Loans
      and the proceeds thereof. If the Servicer Event of Default described in clause
      (vii) hereof shall occur and shall not have been remedied during the applicable
      time period set forth in clause (vii) above, the Trust Administrator shall,
      by
      notice in writing to the Servicer, the Master Servicer, the Depositor, the
      Backup Servicer and the Servicing Rights Owner, terminate all of the rights
      and
      obligations of the Servicer in its capacity as the Servicer under this Agreement
      and in and to the Mortgage Loans and the proceeds thereof. On or after the
      receipt by the Servicer of such written notice, all authority and power of
      the
      Servicer under this Agreement, whether with respect to the Certificates (other
      than as a Holder of any Certificate) or the Mortgage Loans or otherwise, shall
      pass to and be vested in the Successor Servicer pursuant to and under this
      Section and, without limitation, the Successor Servicer is hereby authorized
      and
      empowered, as attorney-in-fact or otherwise, to execute and deliver on behalf
      of
      and at the expense of the Servicer, 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 Servicer agrees, at its sole cost and expense,
      promptly (and in any event no later than ten Business Days subsequent to such
      notice) to provide the Successor Servicer with all documents and records
      requested by it to enable it to assume the Servicer’s functions under this
      Agreement, and to cooperate with the Successor Servicer in effecting the
      termination of the Servicer’s responsibilities and rights under this Agreement,
      including, without limitation, the transfer within one Business Day to the
      Successor Servicer for administration by it of all cash amounts which at the
      time shall be or should have been credited by the Servicer to the Collection
      Account held by or on behalf of the Servicer, the Distribution Account or any
      REO Account or Servicing Account held by or on behalf of the Servicer or
      thereafter be received with respect to the Mortgage Loans or any REO Property
      serviced by the Servicer (provided, however, that the Servicer shall continue
      to
      be entitled to receive all amounts accrued or owing to it under this Agreement
      on or prior to the date of such termination, whether in respect of P&I
      Advances or otherwise, and shall continue to be entitled to the benefits of
      Section 6.03, notwithstanding any such termination, with respect to events
      occurring prior to such termination). For purposes of this Section 7.01, the
      Trustee and the Trust Administrator shall not be deemed to have knowledge of
      the
      Servicer Event of Default unless a Responsible Officer of the Trustee or the
      Trust Administrator, as the case may be, assigned to and working in the
      Trustee’s or the Trust Administrator’s Corporate Trust Office, as applicable,
      has actual knowledge thereof or unless written notice of any event which is
      in
      fact such the Servicer Event of Default is received by the Trustee or the Trust
      Administrator, as applicable, and such notice references the Certificates,
      the
      Trust Fund or this Agreement.

     

    (b)  “Master
      Servicer Event of Default,” wherever used herein, means any one of the following
      events:

     

    (i)  the
      Master Servicer fails to cause to be deposited in the Distribution Account
      any
      amount so required to be deposited pursuant to this Agreement (other than an
      Advance), and such failure continues unremedied for a period of three Business
      Days after the date upon which written notice of such failure, requiring the
      same to be remedied, shall have been given to the Master Servicer;
      or

     

    (ii)  the
      Master Servicer fails to observe or perform in any material respect any other
      material covenants and agreements set forth in this Agreement to be performed
      by
      it, which covenants and agreements materially affect the rights of
      Certificateholders, and such failure continues unremedied for a period of 60
      days after the date on which written notice of such failure, properly requiring
      the same to be remedied, shall have been given to the Master Servicer by the
      Trustee or to the Master Servicer and the Trustee by the Holders of Certificates
      evidencing not less than 25% of the Voting Rights; or

     

    (iii)  there
      is
      entered against the Master Servicer a decree or order by a court or agency
      or
      supervisory authority having jurisdiction in the premises for the appointment
      of
      a conservator, 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, and the continuance of any such decree or
      order is unstayed and in effect for a period of 60 consecutive days, or an
      involuntary case is commenced against the Master Servicer under any applicable
      insolvency or reorganization statute and the petition is not dismissed within
      60
      days after the commencement of the case; or

     

    (iv)  the
      Master Servicer consents 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
      substantially all of its property; or the Master Servicer admits in writing
      its
      inability to pay its debts generally as they become due, files a petition to
      take advantage of any applicable insolvency or reorganization statute, makes
      an
      assignment for the benefit of its creditors, or voluntarily suspends payment
      of
      its obligations; or

     

    (v)  the
      Master Servicer assigns or delegates its duties or rights under this Agreement
      in contravention of the provisions permitting such assignment or delegation
      under Section 6.05; or

     

    (vi)  any
      failure of the Master Servicer to make any Advance (other than a Nonrecoverable
      Advance) required to be made from its own funds pursuant to Section 4.03 by
      5:00 p.m. New York time on the Business Day prior to the applicable Distribution
      Date.

     

    In
      each
      and every such case, so long as such Master Servicer Event of Default with
      respect to the Master Servicer shall not have been remedied, either the Trustee,
      the NIMS Insurer or the Holders of Certificates evidencing not less than 51%
      of
      the Voting Rights, by notice in writing to the Depositor, the Master Servicer
      (and to the Trustee if given by such Certificateholders), 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
      Mortgage Loans and/or the REO Property master serviced by the Master Servicer
      and the proceeds thereof. Upon the receipt by the Master Servicer of the written
      notice, all authority and power of the Master Servicer under this Agreement,
      whether with respect to the Certificates, the Mortgage Loans, REO Property
      or
      under any other related agreements (but only to the extent that such other
      agreements relate to the Mortgage Loans or related REO Property) shall, subject
      to Section 7.04, automatically and without further action pass to and be
      vested in the Trustee pursuant to this Section 7.01(b); 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. The Master Servicer
      agrees to cooperate with the Trustee in effecting the termination of the Master
      Servicer’s rights and obligations hereunder, including, without limitation, the
      transfer to the Trustee 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;
      and
      (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. In addition to any other amounts which are then, or, notwithstanding
      the termination of its activities under this Agreement, may become payable
      to
      the Master Servicer under this Agreement, the Master Servicer shall be entitled
      to receive, out of any amount received on account of a Mortgage Loan or related
      REO Property, that portion of such payments which it would have received as
      reimbursement under this Agreement if notice of termination had not been given.
      The termination of the rights and obligations of the Master Servicer shall
      not
      affect any obligations incurred by the Master Servicer prior to such
      termination.

     

    Notwithstanding
      the foregoing, if a Master Servicer Event of Default described in clause (vi)
      of
      this Section 7.01(b) shall occur, the Trustee shall, by notice in writing
      to the Master Servicer, which may be delivered by telecopy, immediately
      terminate all of the rights and obligations of the Master Servicer thereafter
      arising under this Agreement, but without prejudice to any rights it may have
      as
      a Certificateholder or to reimbursement of Advances and other advances of its
      own funds, and the Trustee shall act as provided in Section 7.04 to carry
      out the duties of the Master Servicer, including the obligation to make any
      Advance the nonpayment of which was a Master Servicer Event of Default described
      in clause (vi) of this Section 7.01(b). Any such action taken by the
      Trustee must be prior to the distribution on the relevant Distribution
      Date.

     

    
      	
              SECTION
                7.02  

            	
              Successor
                Servicer to Act; Appointment of Successor
                Servicer.

            

    

     

    (a)  On
      and
      after the time the Servicer receives a notice of termination, the Successor
      Servicer shall be the successor in all respects to the Servicer in its capacity
      as Servicer under this Agreement, the Servicer shall not have the right to
      withdraw any funds from the Collection Account without the consent of the
      Successor Servicer and the transactions set forth or provided for herein and
      shall be subject to all the responsibilities, duties and liabilities relating
      thereto and arising thereafter placed on the Servicer (except for any
      representations or warranties of the Servicer under this Agreement, the
      responsibilities, duties and liabilities contained in Section 2.03(c) and its
      obligation to deposit amounts in respect of losses pursuant to Section 3.12)
      by
      the terms and provisions hereof including, without limitation, the Servicer’s
      obligations to make P&I Advances pursuant to Section 4.03; provided,
      however, that if the Successor Servicer is prohibited by law or regulation
      from
      obligating itself to make advances regarding delinquent mortgage loans, then
      the
      Successor Servicer shall not be obligated to make P&I Advances pursuant to
      Section 4.03; and provided further, that any failure to perform such duties
      or
      responsibilities caused by the Servicer’s failure to provide information
      required by Section 7.01 shall not be considered a default by the Successor
      Servicer as successor to the Servicer hereunder. It is understood  and
      acknowledged by the parties hereto that there will be a period of transition
      (not to exceed 30 days with respect to the Backup Servicer, or 90 days with
      respect to the Master Servicer or the Trustee) before the transition of
      servicing obligations is fully effective. As compensation therefor, the
      Successor Servicer shall be entitled to the Servicing Fee and all funds relating
      to the Mortgage Loans to which the Servicer would have been entitled if it
      had
      continued to act hereunder (other than amounts which were due or would become
      due to the Servicer prior to its termination or resignation). Notwithstanding
      the above, the Successor Servicer may, if it shall be unwilling to so act,
      or
      shall, if it is unable to so act or if it is prohibited by law from making
      advances regarding delinquent mortgage loans, or if the Holders of Certificates
      entitled to at least 51% of the Voting Rights so request in writing to the
      Successor Servicer promptly appoint or petition a court of competent
      jurisdiction to appoint, an established mortgage loan servicing institution
      acceptable to the Rating Agencies and having a net worth of not less than
      $15,000,000 as the successor to the Servicer under this Agreement in the
      assumption of all or any part of the responsibilities, duties or liabilities
      of
      the Servicer under this Agreement. The Backup Servicer shall acknowledge and
      be
      subject to the Servicing Rights of the Servicing Rights Owner; provided that
      the
      Servicing Rights Owner shall give the Backup Servicer at least 30 days prior
      written notice before exercising its right to terminate the Servicer or transfer
      the servicing to another servicer. No appointment of a successor Servicer under
      this Agreement shall be effective until the assumption by the successor of
      all
      of the Servicer’s responsibilities, duties and liabilities hereunder. In
      connection with such appointment and assumption described herein, the Successor
      Servicer 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
      Servicer as such hereunder. The Depositor, the Master Servicer, the Trustee
      and
      such successor shall take such action, consistent with this Agreement, as shall
      be necessary to effectuate any such succession. Pending appointment of a
      successor to the Servicer under this Agreement, the Successor Servicer shall act
      in such capacity as hereinabove provided.

     

    (b)  In
      connection with the termination or resignation of the Servicer hereunder, either
      (i) the successor servicer, including the Successor Servicer is acting as
      successor 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 servicer shall
      cooperate with the successor servicer in causing MERS to revise its records
      to
      reflect the transfer of servicing to the successor servicer as necessary under
      MERS’ rules and regulations, or (ii) the predecessor servicer shall cooperate
      with the successor servicer in causing MERS to execute and deliver an assignment
      of Mortgage in recordable form to transfer the Mortgage from MERS to the
      Successor Servicer 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 servicer.  The predecessor servicer shall file or cause to
      be filed any such assignment in the appropriate recording office.  The
      predecessor 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(b).

     

    
      	
              SECTION
                7.03  

            	
              Trustee
                to Act; Appointment of Successor Master
                Servicer.

            

    

     

    (a)  Upon
      the
      receipt by the Master Servicer of a notice of termination pursuant to
      Section 7.01(b) or an Opinion of Counsel rendered by Independent counsel
      pursuant to Section 6.05(b) to the effect that the Master Servicer is
      legally unable to act or to delegate its duties to a Person which is legally
      able to act, the Trustee shall automatically become the successor in all
      respects to the Master Servicer in its capacity under this Agreement and the
      transactions set forth or provided for herein and shall thereafter be subject
      to
      all the responsibilities, duties, liabilities and limitations on liabilities
      relating thereto placed on the Master Servicer by the terms and provisions
      hereof; provided, however, that the Trustee (i) shall have no obligation
      whatsoever with respect to any liability (other than Advances deemed recoverable
      and not previously made) incurred by the Master Servicer at or prior to the
      time
      of termination and (ii) shall not be obligated to perform any obligation of
      the
      Master Servicer under Section 3.20 or 3.21 with respect to any period of time
      during which the Trustee was not the Master Servicer. As compensation therefor,
      but subject to Section 6.05, the Trustee shall be entitled to compensation
      which the Master Servicer would have been entitled to retain if the Master
      Servicer had continued to act hereunder, except for those amounts due the Master
      Servicer as reimbursement permitted under this Agreement for advances previously
      made or expenses previously incurred. Notwithstanding the above, the Trustee
      may, if it shall be unwilling so to act, or shall, if it is legally unable
      so to
      act, appoint or petition a court of competent jurisdiction to appoint, any
      established housing and home finance institution which is a Fannie Mae- or
      Freddie Mac-approved servicer and with respect to a successor to the Master
      Servicer only, having a net worth of not less than $50,000,000, as the successor
      to the Master Servicer hereunder in the assumption of all or any part of the
      responsibilities, duties or liabilities of the Master Servicer hereunder;
      provided, that the Trustee shall obtain a letter or other evidence each Rating
      Agency that the ratings, if any, on each of the Certificates will not be lowered
      as a result of the selection of the successor to the Master Servicer. Pending
      appointment of a successor to the Master Servicer hereunder, the Trustee shall
      act in such capacity as hereinabove provided. In connection with such
      appointment and assumption, the Trustee may make such arrangements for the
      compensation of such successor out of payments on the Mortgage Loans as it
      and
      such successor shall agree; provided, however, that the provisions of
      Section 6.05 shall apply, the compensation shall not be in excess of that
      which the Master Servicer would have been entitled to if the Master Servicer
      had
      continued to act hereunder, and that such successor shall undertake and assume
      the obligations of the Trustee to pay compensation to any third Person acting
      as
      an agent or independent contractor in the performance of master servicing
      responsibilities hereunder. The Trustee and such successor shall take such
      action, consistent with this Agreement, as shall be necessary to effectuate
      any
      such succession.

     

    If
      the
      Master Servicer and the Trust Administrator are the same entity, then at any
      time the Master Servicer resigns or is removed as Master Servicer, the Trust
      Administrator shall also be removed hereunder.  All reasonable Master
      Servicing Transfer Costs shall be paid by the predecessor Master Servicer upon
      presentation of reasonable documentation of such costs, and if such predecessor
      Master Servicer defaults in its obligation to pay such costs, such costs shall
      be paid by the successor Master Servicer or the Trustee (in which case the
      successor Master Servicer or the Trustee, as applicable, shall be entitled
      to
      reimbursement therefor from the assets of the Trust Fund).

     

    (b)  If
      the
      Trustee shall succeed to any duties of the Master Servicer respecting the
      Mortgage Loans as provided herein, it shall do so in a separate capacity and
      not
      in its capacity as Trustee and, accordingly, the provisions of Article VIII
      shall be inapplicable to the Trustee in its duties as the successor to the
      Master Servicer in the master servicing of the Mortgage Loans (although such
      provisions shall continue to apply to the Trustee in its capacity as Trustee);
      the provisions of Article VI, however, shall apply to it in its capacity as
      successor Master Servicer.

     

    
      	
              SECTION
                7.04  

            	
              Notification
                to Certificateholders.

            

    

     

    (a)  Upon
      any
      termination of the Servicer or the Master Servicer pursuant to Section 7.01
      above or any appointment of a successor to the Servicer or Master Servicer
      pursuant to Section 7.02 and 7.03 above, the Trust Administrator, or in the
      event of the termination of the Master Servicer, the Trustee (or such other
      successor Trust Administrator) shall give prompt written notice thereof to
      Certificateholders at their respective addresses appearing in the Certificate
      Register.

     

    (b)  Not
      later
      than the later of 60 days after the occurrence of any event, which constitutes
      or which, with notice or lapse of time or both, would constitute the Servicer
      Event of Default or a Master Servicer Event of Default or five days after a
      Responsible Officer of the Trust Administrator becomes aware of the occurrence
      of such an event, the Trust Administrator shall transmit by mail to all Holders
      of Certificates notice of each such occurrence, unless such default or Servicer
      Event of Default  or Master Servicer Event of Default shall have been
      cured or waived.

     

    
      	
              SECTION
                7.05  

            	
              Waiver
                of Servicer Events of Default and Master Servicer Events of
                Termination.

            

    

     

    Subject
      to Section 11.09(d), the Holders representing at least 66% of the Voting Rights
      evidenced by all Classes of Certificates affected by any default or Servicer
      Event of Default or Master Servicer Event of Default hereunder may waive such
      default or Servicer Event of Default; provided, however, that a default or
      Servicer Event of Default or Master Servicer Event of Default under clause
      (a)(i) or (a)(vii) of Section 7.01 or clause (b)(i) or (b)(vi) of Section 7.01,
      respectively, may be waived only by all of the Holders of the Regular
      Certificates. Upon any such waiver of a default or Servicer Event of Default
      or
      Master Servicer Event of Default, such default or Servicer Event of Default
      or
      Master Servicer 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 Servicer Event of Default or Master Servicer
      Event of Default or impair any right consequent thereon except to the extent
      expressly so waived.

     

    ARTICLE
      VIII

     

    CONCERNING
      THE TRUSTEE AND THE TRUST ADMINISTRATOR

     

    
      	
              SECTION
                8.01  

            	
              Duties
                of Trustee and Trust Administrator.

            

    

     

    The
      Trustee, prior to the occurrence of the Servicer Event of Default or Master
      Servicer Event of Default and after the curing of all Servicer Events of Default
      or Master Servicer Events of Default which may have occurred, undertakes to
      perform such duties and only such duties as are specifically set forth in this
      Agreement. The Trust Administrator undertakes to perform such duties and only
      such duties as are specifically set forth in this Agreement. If the Servicer
      Event of Default or Master Servicer Event of Default, has occurred (which has
      not been cured) of which a Responsible Officer has knowledge, 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. Any permissive right of the Trustee enumerated in this Agreement shall
      not be construed as a duty.

     

    Each
      of
      the Trustee and the Trust Administrator, upon receipt of all resolutions,
      certificates, statements, opinions, reports, documents, orders or other
      instruments furnished to it, which are specifically required to be furnished
      pursuant to any provision of this Agreement, shall examine them to determine
      whether they conform to the requirements of this Agreement; provided, however,
      that neither the Trustee nor the Trust Administrator will be responsible for
      the
      accuracy or content of any such resolutions, certificates, statements, opinions,
      reports, documents or other instruments.  If any such instrument is
      found not to conform to the requirements of this Agreement in a material manner,
      it shall take such action as it deems appropriate to have the instrument
      corrected, and if the instrument is not corrected to its satisfaction, it will
      provide notice thereof to the Certificateholders.

     

    No
      provision of this Agreement shall be construed to relieve the Trustee or the
      Trust Administrator from liability for its own negligent action, its own
      negligent failure to act or its own misconduct; provided, however,
      that:

     

    (i)  Prior
      to
      the occurrence of the Servicer Event of Default or Master Servicer Event of
      Default, and after the curing of all the Servicer Events of Default or Master
      Servicer Events of Default which may have occurred, the duties and obligations
      of each 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, 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, that conform to the requirements of this Agreement. The Trust
      Administrator 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 Trust
      Administrator, in the absence of bad faith on the part of the Trust
      Administrator, the Trust Administrator, 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 Trust Administrator, that conform
      to the requirements of this Agreement;

     

    (ii)  Neither
      the Trustee nor the Trust Administrator shall be personally liable for any
      error
      of judgment made in good faith by a Responsible Officer or Responsible Officers
      of it unless it shall be proved that it was negligent in ascertaining the
      pertinent facts;

     

    (iii)  Neither
      the Trustee nor the Trust Administrator shall 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 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 it or exercising
      or
      omitting to exercise any trust or power conferred upon it, under this Agreement;
      and

     

    (iv)  Neither
      the Trustee nor the Trust Administrator shall be required to take notice or
      be
      deemed to have notice or knowledge of any default, Servicer Event of Default
      or
      Master Servicer Event of Default unless a Responsible Officer of the Trustee
      or
      the Trust Administrator, as the case may be, shall have received written notice
      thereof or a Responsible Officer shall have actual knowledge thereof. In the
      absence of receipt of such notice or actual knowledge, the Trustee or Trust
      Administrator, as applicable, may conclusively assume there is no
      default.

     

    Neither
      the Trustee nor the Trust Administrator shall be required to expend or risk
      its
      own funds or otherwise incur financial liability in the performance of any
      of
      its duties hereunder, or in the exercise of any of its rights or powers, in
      each
      case not including expenses, disbursements and advances incurred or made by
      the
      Trustee or the Trust Administrator, as applicable, including the compensation
      and the expenses and disbursements of its agents and counsel, in the ordinary
      course of the Trustee’s or the Trust Administrator’s, as the case may be,
      performance in accordance with the provisions of this Agreement, if there is
      reasonable ground for believing that the repayment of such funds or adequate
      indemnity against such risk or liability is not reasonably assured to
      it.  With respect to the Trustee and the Trust Administrator, none of
      the provisions contained in this Agreement shall in any event require the
      Trustee or the Trust Administrator, as the case may be, to perform, or be
      responsible for the manner of performance of, any of the obligations of the
      Master Servicer under this Agreement, except during such time, if any, as the
      Trustee or the Trust Administrator, as applicable, 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.

     

    
      	
              SECTION
                8.02  

            	
              Certain
                Matters Affecting the Trustee and the Trust
                Administrator.

            

    

     

    (a)  Except
      as
      otherwise provided in Section 8.01:

     

    (i)  Each
      of
      the Trustee and the Trust Administrator and any director, officer, employee
      or
      agent of the Trustee or the Trust Administrator, as the case may be, may request
      and conclusively rely upon and shall be fully protected in acting or refraining
      from acting 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;

     

    (ii)  Each
      of
      the Trustee and the Trust Administrator, as the case may be, may consult with
      counsel of its selection 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 with such Opinion of
      Counsel;

     

    (iii)  Neither
      the Trustee nor the Trust Administrator shall 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
      at
      the request, order or direction of any of the Certificateholders, pursuant
      to
      the provisions of this Agreement, unless such Certificateholders shall have
      offered to the Trustee or the Trust Administrator, as applicable, security
      or
      indemnity satisfactory to it against the costs, expenses and liabilities which
      may be incurred therein or thereby; the right of the Trustee or the Trust
      Administrator to perform any discretionary act enumerated in this Agreement
      shall not be construed as a duty, and neither the Trustee nor the Trust
      Administrator shall be answerable for other than its negligence or willful
      misconduct in the performance of any such act; nothing contained herein shall,
      however, relieve the Trustee of the obligation, upon the occurrence of a Master
      Servicer Event of Default (which has not been cured or waived), 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 person would exercise
      or
      use under the circumstances in the conduct of such person’s own
      affairs;

     

    (iv)  Neither
      the Trustee nor the Trust Administrator shall be personally 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;

     

    (v)  Prior
      to
      the occurrence of the Servicer Event of Default or Master Servicer Event of
      Default hereunder, and after the curing of all Servicer Events of Default or
      Master Servicer Events of Default which may have occurred, neither the Trustee
      nor the Trust Administrator shall be bound to make any investigation into the
      facts or matters stated in any resolution, certificate, statement, instrument,
      opinion, report, notice, request, consent, order, approval, bond or other paper
      or document, unless requested in writing to do so by the Holders of Certificates
      entitled to at least 25% of the Voting Rights; provided, however, that if the
      payment within a reasonable time to the Trustee or the Trust Administrator,
      as
      applicable, 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 or the Trust
      Administrator, as applicable, not reasonably assured to the Trustee or the
      Trust
      Administrator, as applicable, by such Certificateholders, the Trustee or the
      Trust Administrator, as applicable, may require indemnity satisfactory to it
      against such cost, expense, or liability from such Certificateholders as a
      condition to taking any such action;

     

    (vi)  Each
      of
      the Trustee and the Trust Administrator may execute any of the trusts or powers
      hereunder or perform any duties hereunder either directly or by or through
      agents or attorneys and neither the Trustee nor the Trust Administrator shall
      be
      responsible for any misconduct or negligence on the part of any agent or
      attorney appointed with due care;

     

    (vii)  Neither
      the Trustee nor the Trust Administrator shall be personally liable for any
      loss
      resulting from the investment of funds held in the Collection Account at the
      direction of the Servicer pursuant to Section 3.12; and

     

    (viii)  Any
      request or direction of the Depositor, the Servicer or the Certificateholders
      mentioned herein shall be sufficiently evidenced in writing.

     

    (b)  All
      rights of action under this Agreement or under any of the Certificates,
      enforceable by the Trustee or the Trust Administrator, may be enforced by it
      without the possession of any of the Certificates, or the production thereof
      at
      the trial or other proceeding relating thereto, and any such suit, action or
      proceeding instituted by the Trustee or the Trust Administrator shall be brought
      in its name for the benefit of all the Holders of such Certificates, subject
      to
      the provisions of this Agreement.

     

    
      	
              SECTION
                8.03  

            	
              Neither
                the Trustee nor Trust Administrator Liable for Certificates or Mortgage
                Loans.

            

    

     

    The
      recitals contained herein and in the Certificates (other than the signature
      of
      the Trust Administrator, on behalf of the Trustee, the authentication of the
      Trust Administrator on the Certificates, the acknowledgments of the Trustee
      and
      the Trust Administrator contained in Article II and the representations and
      warranties of the Trustee and the Trust Administrator in Section 8.12) shall
      be
      taken as the statements of the Depositor and neither the Trustee nor the Trust
      Administrator assumes any responsibility for their correctness. Neither the
      Trustee nor the Trust Administrator makes any representations or warranties
      as
      to the validity or sufficiency of this Agreement (other than as specifically
      set
      forth in Section 8.12) or of the Certificates (other than the signature of
      the
      Trust Administrator and authentication of the Trust Administrator on the
      Certificates) or of any Mortgage Loan or related document or of MERS or the
      MERS
      System.  Neither the Trustee nor the Trust Administrator shall 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, the Master Servicer or the
      Servicer in respect of the Mortgage Loans or deposited in or withdrawn from
      the
      Collection Account by the Servicer or the Distribution Account by the Master
      Servicer.

     

    
      	
              SECTION
                8.04  

            	
              Trustee
                and Trust Administrator May Own
                Certificates.

            

    

     

    Each
      of
      the Trustee and the Trust Administrator in its individual capacity or any other
      capacity may become the owner or pledgee of Certificates with the same rights
      it
      would have if it were not the Trustee or the Trust Administrator, as
      applicable.

     

    
      	
              SECTION
                8.05  

            	
              Trustee’s,
                Trust Administrator’s and Custodians’ Fees and
                Expenses.

            

    

     

    (a)  The
      Trust
      Administrator shall be entitled to compensation as separately agreed with the
      Master Servicer.  The Trustee’s fees will be paid by the Trust
      Administrator pursuant to a separate agreement between the Trustee and the
      Trust
      Administrator, and such compensation will not be an expense of the
      Trust.  Each of the Trustee, the Trust Administrator, the Custodian
      and any director, officer, employee or agent of any of them, as applicable,
      shall be indemnified by the Trust Fund and held harmless against any loss,
      liability or expense (not including expenses, disbursements and advances
      incurred or made by the Trustee, the Trust Administrator or the Custodian,
      as
      applicable, including the compensation and the expenses and disbursements of
      its
      agents and counsel, in the ordinary course of the Trustee’s, the Trust
      Administrator’s or the Custodian’s, as the case may be, performance in
      accordance with the provisions of this Agreement) incurred by the Trustee,
      the
      Trust Administrator or the Custodian, as applicable, in connection with any
      claim or legal action or any pending or threatened claim or legal action arising
      out of or in connection with the acceptance or administration of its obligations
      and duties under this Agreement (or, in the case of the Custodian, under the
      Custodial Agreement), other than any loss, liability or expense (i) resulting
      from any breach of the Servicer’s or the Master Servicer’s obligations in
      connection with this Agreement for which the Servicer shall indemnify the
      Trustee and the Trust Administrator pursuant to Section 8.05(b) and Section
      10.03 (and in the case of the Trustee, resulting from any breach of the Trust
      Administrator’s obligations in connection with this Agreement for which the
      Trust Administrator shall indemnify the Trustee pursuant to Section 10.03(a)
      and
      in the case of the Trust Administrator, resulting from any breach of the
      Trustee’s obligations in connection with this Agreement for which the Trustee
      shall indemnify the Trust Administrator pursuant to Section 10.03(c)), (ii)
      that
      constitutes a specific liability of the Trustee or the Trust Administrator,
      as
      applicable, pursuant to Section 10.01(g) or (iii) any loss, liability or expense
      incurred by reason of willful misfeasance, bad faith or negligence in the
      performance of its duties hereunder or by reason of the Trustee’s or the Trust
      Administrator’s, as applicable, reckless disregard of obligations and duties
      hereunder (or, in the case of the Custodian, under the Custodial Agreement)
      or
      as a result of a breach of the Trustee’s or the Trust Administrator’s, as
      applicable, obligations under Article X hereof (or, in the case of the
      Custodian, as a result of a breach of such Custodian’s obligations under the
      Custodial Agreement).  Any amounts payable to the Trustee, the Trust
      Administrator, the Custodian, or any director, officer, employee or agent of
      any
      of them in respect of the indemnification provided by this paragraph (a), or
      pursuant to any other right of reimbursement from the Trust Fund that the
      Trustee, the Trust Administrator, the Custodian or any director, officer,
      employee or agent of any of them may have hereunder in its capacity as such,
      may
      be withdrawn by the Trust Administrator for payment to the applicable
      indemnified Person from the Distribution Account at any time. The foregoing
      indemnity shall survive the resignation or removal of the Trustee or the Trust
      Administrator.

     

    (b)  The
      Servicer agrees to indemnify the Trustee, the Trust Administrator and the
      Custodian from, and hold each harmless against, any loss, liability or expense
      resulting from a breach of the Servicer’s obligations and duties under this
      Agreement. Such indemnity shall survive the termination or discharge of this
      Agreement and the resignation or removal of the Trustee, the Trust Administrator
      or the Custodian, as the case may be. Any payment hereunder made by the Servicer
      to the Trustee, the Trust Administrator or the Custodian shall be from the
      Servicer’s own funds, without reimbursement from the Trust Fund
      therefor.

     

    
      	
              SECTION
                8.06  

            	
              Eligibility
                Requirements for Trustee and Trust
                Administrator.

            

    

     

    Each
      of
      the Trustee and the Trust Administrator hereunder shall at all times be a
      corporation or an 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 at least
      $50,000,000 and subject to supervision or examination by federal or state
      authority. In case at any time the Trustee or the Trust Administrator shall
      cease to be eligible in accordance with the provisions of this Section, the
      Trustee or the Trust Administrator, as the case may be, shall resign immediately
      in the manner and with the effect specified in Section 8.07.

     

    
      	
              SECTION
                8.07  

            	
              Resignation
                and Removal of the Trustee and the Trust
                Administrator.

            

    

     

    Either
      of
      the Trustee or the Trust Administrator may at any time resign and be discharged
      from the trust hereby created by giving written notice thereof to the Depositor,
      the Master Servicer, the Servicer and the Certificateholders and, if the Trustee
      is resigning, to the Trust Administrator, or, if the Trust Administrator is
      resigning, to the Trustee. Upon receiving such notice of resignation, the
      Depositor shall promptly appoint a successor trustee or trust administrator
      (which may be the same Person in the event both the Trustee and the Trust
      Administrator resign or are removed) by written instrument, in duplicate, which
      instrument shall be delivered to the resigning Trustee or Trust Administrator,
      as applicable, and to the successor trustee or trust administrator, as
      applicable. A copy of such instrument shall be delivered to the
      Certificateholders, the Trustee or Trust Administrator, as applicable, and
      the
      Servicer by the Depositor. If no successor trustee or trust administrator shall
      have been so appointed and have accepted appointment within 30 days after the
      giving of such notice of resignation, the resigning Trustee or Trust
      Administrator, as applicable, may petition any court of competent jurisdiction
      for the appointment of a successor trustee or trust administrator, as
      applicable.

     

    If
      the
      Trust Administrator and the Master Servicer are the same entity, then at any
      time the Trust Administrator resigns or is removed as Trust Administrator,
      the
      Master Servicer shall also be removed hereunder.

     

    If
      at any
      time the Trustee or the Trust Administrator 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 Depositor (or in the case of the Trust
      Administrator, the Trustee), or if at any time the Trustee or the Trust
      Administrator shall become incapable of acting, or shall be adjudged bankrupt
      or
      insolvent, or a receiver of the Trustee or the Trust Administrator or of its
      property shall be appointed, or any public officer shall take charge or control
      of the Trustee or the Trust Administrator or of its property or affairs for
      the
      purpose of rehabilitation, conservation or liquidation, then the Depositor
      or
      the Master Servicer (or in the case of the Trust Administrator, the Trustee)
      may
      remove the Trustee or the Trust Administrator, as applicable, and appoint a
      successor trustee or trust administrator (which may be the same Person in the
      event both the Trustee and the Trust Administrator resign or are removed) by
      written instrument, in duplicate, which instrument shall be delivered to the
      Trustee or Trust Administrator so removed and to the successor trustee or trust
      administrator. A copy of such instrument shall be delivered to the
      Certificateholders, the Trustee or the Trust Administrator, as applicable,
      and
      the Servicer by the Depositor.

     

    The
      Holders of Certificates entitled to at least 51% of the Voting Rights may at
      any
      time remove the Trustee or the Trust Administrator and appoint a successor
      trustee or trust administrator by written instrument or instruments, in
      triplicate, signed by such Holders or their attorneys-in-fact duly authorized,
      one complete set of which instruments shall be delivered to the Depositor,
      one
      complete set to the Trustee or the Trust Administrator, as the case may be,
      so
      removed and one complete set to the successor so appointed. A copy of such
      instrument shall be delivered to the Certificateholders, the Master Servicer
      and
      the Servicer by the Depositor.

     

    If
      no
      successor Trust Administrator shall have been appointed and shall have accepted
      appointment within 60 days after the Trust Administrator ceases to be the Trust
      Administrator pursuant to this Section 8.07, then the Trustee shall perform
      the
      duties of the Trust Administrator pursuant to this Agreement. The Trustee shall
      notify the Rating Agencies of any change of Trust Administrator.

     

    Any
      resignation or removal of the Trustee or the Trust Administrator and appointment
      of a successor trustee or trust administrator, as the case may be, pursuant
      to
      any of the provisions of this Section shall not become effective until
      acceptance of appointment by the successor trustee or trust administrator as
      provided in Section 8.08. Notwithstanding the foregoing, in the event the Trust
      Administrator advises the Trustee that it is unable to continue to perform
      its
      obligations pursuant to the terms of this Agreement prior to the appointment
      of
      a successor, the Trustee shall be obligated to perform such obligations until
      a
      new trust administrator is appointed. Such performance shall be without
      prejudice to any claim by a party hereto or beneficiary hereof resulting from
      the Trust Administrator’s breach of its obligations hereunder.  As
      compensation therefor, the Trustee shall be entitled to all fees the Trust
      Administrator would have been entitled to if it had continued to act
      hereunder.

     

    Notwithstanding
      anything to the contrary contained herein, the Master Servicer and the Trust
      Administrator shall at all times be the same Person.

     

    Any
      Person appointed as successor trust administrator pursuant to this Section
      8.07
      shall also be required to serve as successor cap trustee under the Interest
      Rate
      Cap Agreement and successor supplemental interest trust trustee under the
      Interest Rate Swap Agreement.

     

    
      	
              SECTION
                8.08  

            	
              Successor
                Trustee or Trust Administrator.

            

    

     

    Any
      successor trustee or trust administrator appointed as provided in Section 8.07
      shall execute, acknowledge and deliver to the Depositor, the Master Servicer,
      the Trustee or the Trust Administrator, as applicable, and to its predecessor
      trustee or trust administrator an instrument accepting such appointment
      hereunder, and thereupon the resignation or removal of the predecessor trustee
      or trust administrator shall become effective and such successor trustee or
      trust administrator, 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
      or
      trust administrator herein. The predecessor trustee or trust administrator
      shall
      deliver to the successor trustee or trust administrator all Mortgage Files
      and
      related documents and statements, as well as all moneys, held by it hereunder
      and the Depositor and the predecessor trustee or trust administrator shall
      execute and deliver such instruments and do such other things as may reasonably
      be required for more fully and certainly vesting and confirming in the successor
      trustee or trust administrator all such rights, powers, duties and
      obligations.

     

    No
      successor trustee or trust administrator shall accept appointment as provided
      in
      this Section unless at the time of such acceptance such successor trustee or
      trust administrator shall be eligible under the provisions of Section 8.06
      and
      the appointment of such successor trustee or trust administrator shall not
      result in a downgrading of any Class of Certificates by the Rating Agencies,
      as
      evidenced by a letter from the Rating Agencies.

     

    Upon
      acceptance of appointment by a successor trustee or trust administrator as
      provided in this Section, the Depositor shall mail notice of the succession
      of
      such trustee or trust administrator hereunder to all Holders of Certificates
      at
      their addresses as shown in the Certificate Register. If the Depositor fails
      to
      mail such notice within 10 days after acceptance of appointment by the successor
      trustee or trust administrator, the successor trustee or trust administrator
      shall cause such notice to be mailed at the expense of the
      Depositor.

     

    Any
      Person appointed as successor trust
      administrator pursuant to this Section  shall also be required to
      serve as successor cap administrator and successor cap trustee under the
      Interest Rate Cap Agreement and the Cap Administration
      Agreement.

     

    
      	
              SECTION
                8.09  

            	
              Merger
                or Consolidation of Trustee or Trust
                Administrator.

            

    

     

    Any
      corporation or association into which either the Trustee or the Trust
      Administrator may be merged or converted or with which it may be consolidated
      or
      any corporation or association resulting from any merger, conversion or
      consolidation to which the Trustee or the Trust Administrator, as the case
      may
      be, shall be a party, or any corporation or association succeeding to the
      business of the Trustee or the Trust Administrator, as applicable, shall be
      the
      successor of the Trustee or the Trust Administrator, as the case may be,
      hereunder, provided such corporation or 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 REMIC I or property
      securing the same may at the time be located, the 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 REMIC I, and to vest in such Person
      or
      Persons, in such capacity, such title to REMIC I, or any part thereof, and,
      subject to the other provisions of this Section 8.10, such powers, duties,
      obligations, rights and trusts as the Servicer and the Trustee may consider
      necessary or desirable. If the Servicer shall not have joined in such
      appointment within 15 days after the receipt by it of a request to do so, or
      in
      case a Servicer Event of Default shall have occurred and be continuing, the
      Trustee alone shall have the power to make such appointment. No co-trustee
      or
      separate trustee hereunder shall be required to meet the terms of eligibility
      as
      a 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 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 by the Trustee (whether as Trustee hereunder or as
      successor to a defaulting 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 REMIC
      I 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 trust
      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.

     

    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.

     

    
      	
              SECTION
                8.11  

            	
              [Reserved].

            

    

     

    
      	
              SECTION
                8.12  

            	
              Appointment
                of Office or Agency.

            

    

     

    The
      Trust
      Administrator will appoint an office or agency in the City of Minneapolis,
      Minnesota where the Certificates may be surrendered for registration of transfer
      or exchange, and presented for final distribution, and where notices and demands
      to or upon the Trust Administrator in respect of the Certificates and this
      Agreement may be served.

     

    
      	
              SECTION
                8.13  

            	
              Representations
                and Warranties.

            

    

     

    Each
      of
      the Trustee and the Trust Administrator hereby represents and warrants to the
      Servicer, the Depositor, the Master Servicer, the Trustee and the Trust
      Administrator, as applicable, as of the Closing Date, that:

     

    (i)  It
      is a
      national banking association duly organized, validly existing and in good
      standing under the laws of the United States of America.

     

    (ii)  The
      execution and delivery of this Agreement by it, and the performance and
      compliance with the terms of this Agreement by it, will not violate its articles
      of association 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.

     

    (iii)  It
      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 other
      parties hereto, constitutes a valid, legal and binding obligation of it,
      enforceable against it in accordance with the terms hereof, subject to (A)
      applicable bankruptcy, insolvency, receivership, 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)  It
      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, in its good faith and reasonable
      judgment, is likely to affect materially and adversely either the ability of
      the
      it to perform its obligations under this Agreement or the financial condition
      of
      it.

     

    (vi)  No
      litigation is pending or, to the best of its knowledge, threatened against
      it
      which would prohibit it from entering into this Agreement or, in its good faith
      reasonable judgment, is likely to materially and adversely affect either the
      ability of it to perform its obligations under this Agreement or the financial
      condition of it.

     

    
      	
              SECTION
                8.14  

            	
              [Reserved].

            

    

     

    
      	
              SECTION
                8.15  

            	
              No
                Trustee or Trust Administrator Liability for Actions or Inactions
                of
                Custodian.

            

    

     

    Notwithstanding
      anything to the contrary herein, in no event shall the Trustee or the Trust
      Administrator be liable to any party hereto or to any third party for the
      performance of any custody-related functions with respect to which the Custodian
      shall fail to take action on behalf of the Trustee or Trust Administrator,
      as
      the case may be, or, with respect to which the performance of custody-related
      functions pursuant to the terms of the custodial agreement with the Custodian
      shall fail to satisfy all the related requirements under this
      Agreement.

     

    ARTICLE
      IX

     

    TERMINATION

     

    
      	
              SECTION
                9.01  

            	
              Termination
                Upon Repurchase or Liquidation of the Mortgage
                Loans.

            

    

     

    (a)  Subject
      to Section 9.02 and Section 9.03, the respective obligations and
      responsibilities under this Agreement of the Depositor, the Master Servicer,
      the
      Servicer, the Trustee and the Trust Administrator with respect to the Mortgage
      Loans (other than the obligations of the Servicer and the Master Servicer to
      the
      Trustee and the Trust Administrator pursuant to Section 8.05 and of the Servicer
      to provide for and the Trust Administrator to make payments in respect of the
      REMIC I Regular Interests and the Classes of Certificates as hereinafter set
      forth) the Trust Fund shall terminate upon payment to the Certificateholders
      and
      the deposit of all amounts held by or on behalf of the Trustee or the Trust
      Administrator and required hereunder to be so paid or deposited on the
      Distribution Date coinciding with or following the earlier to occur of (i)
      the
      purchase by the Servicer, or if the Servicer fails to exercise such right,
      the
      Master Servicer (in such capacity, the “Terminator”) of all Mortgage Loans and
      each REO Property remaining in REMIC I shall be at a price equal to the greater
      of (x) the Stated Principal Balance of the Mortgage Loans and the appraised
      value of any REO Properties (such appraisal to be conducted by an appraiser
      mutually agreed upon by the Servicer and the Trust Administrator) and (y) the
      fair market value of the Mortgage Loans and the REO Properties (as determined
      by
      the Servicer, with the consent of the Trust Administrator as of the close of
      business on the third Business Day next preceding the date upon which notice
      of
      any such termination is furnished to the related Certificateholders pursuant
      to
      Section 9.01(c)), in each case plus accrued and unpaid interest thereon at
      the
      weighted average of the Mortgage Rates through the end of the Due Period
      preceding the final Distribution Date plus unreimbursed P&I Advances,
      Servicing Advances and Servicing Fees allocable to such Mortgage Loans and
      REO
      Properties and any Swap Termination payment payable to the Swap Provider (the
      “Termination Price”), (ii) the purchase by the Winning Bidder of all of the
      Mortgage Loans (and REO Properties) after a Successful Auction is conducted
      pursuant to Section 9.03 and the related auction proceeds are distributed
      pursuant to Section 4.01 and (iii) the final payment or other liquidation (or
      any advance with respect thereto) of the last Mortgage Loan or related REO
      Property remaining in REMIC I; provided, however, that in no event shall the
      trust created hereby continue beyond the earlier of (a) 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 (b) the Latest Possible Maturity Date (as defined
      in the Preliminary Statement).

     

    Notwithstanding
      anything set forth herein to the contrary (including, without limitation, in
      Section 9.03), the right to purchase all Mortgage Loans and REO Properties
      by
      the Terminator or the Winning Bidder pursuant to clause (i) or clause (ii)
      of
      the immediately preceding paragraph, as the case may be, shall be conditioned
      upon (1) the aggregate Stated Principal Balance of the Mortgage Loans, and
      each
      REO Property remaining in the Trust Fund at the time of such election is reduced
      to less than 10% of the aggregate Stated Principal Balance of the Mortgage
      Loans
      as of the Cut-off Date, (2) the purchase price for the Mortgage Loans and REO
      Properties shall result in the payment of all interest accrued on, as well
      as
      amounts necessary to retire the principal balance of, each class of notes issued
      pursuant to the Indenture, (3) only in case of a purchase by the Terminator
      pursuant to clause (i) of the immediately preceding paragraph, the absence
      of a
      request for an auction, or the absence of a Successful Auction, of the Mortgage
      Loans and REO Properties pursuant to Section 9.03.

     

    By
      acceptance of a Residual Certificate, the Holders of the Residual Certificates
      agree, in connection with any termination hereunder, to assign and transfer
      any
      amounts in excess of par, and to the extent received in respect of such
      termination, to pay any such amounts to the Holders of the Class CE-1
      Certificates.

     

    Notwithstanding
      anything provided herein to the contrary, following a Successful Auction or
      the
      exercise by the Terminator of its option to purchase the Mortgage Loans and
      REO
      Properties, the Servicing Rights Owner shall retain any and all related
      Servicing Rights.

     

    (b)  Notice
      of
      the liquidation of any Certificates shall be given promptly by the Trust
      Administrator by letter to the related Certificateholders mailed (a) in the
      event such notice is given in connection with the purchase of the Mortgage
      Loans
      and each related REO Property remaining in REMIC I by the Terminator, not
      earlier than the 15th day and
      not later
      than the 25th
      day of the month next preceding the month of the final distribution on the
      related Certificates or (b) otherwise during the month of such final
      distribution on or before the Determination Date in such month, in each case
      specifying (i) the Distribution Date upon which REMIC I will terminate and
      final
      payment of the Certificates and will be made upon presentation and surrender
      of
      the Certificates at the office of the Trust Administrator therein designated,
      (ii) the amount of any such final payment, (iii) that no interest shall accrue
      in respect of the Certificates from and after the Interest Accrual Period
      relating to the final Distribution Date therefor and (iv) that the Record Date
      otherwise applicable to such Distribution Date is not applicable, payments
      being
      made only upon presentation and surrender of the Certificates at the office
      of
      the Trust Administrator. In the event such notice is given in connection with
      the purchase of all of the Mortgage Loans and each REO Property remaining in
      REMIC I by the Terminator, the Terminator shall deliver to the Trust
      Administrator (as set forth in Section 9.01(d)), for deposit in the Distribution
      Account an amount in immediately available funds equal to the Termination Price.
      The Trust Administrator shall remit to the Servicer from such funds deposited
      in
      the Distribution Account (i) any amounts which the Servicer would be permitted
      to withdraw and retain from the Collection Account pursuant to Section 3.11
      and
      (ii) any other amounts otherwise payable by the Trust Administrator to the
      Servicer from amounts on deposit in the Distribution Account pursuant to the
      terms of this Agreement, in each case prior to making any final distributions
      pursuant to Section 9.01(d) below. Upon certification to the Trust Administrator
      by a Servicing Officer of the making of such final deposit, the Trust
      Administrator shall promptly release or cause to be released to the related
      Terminator the Mortgage Files for the remaining Mortgage Loans and the Trustee
      shall execute all assignments, endorsements and other instruments delivered
      to
      it which are necessary to effectuate such transfer.

     

    (c)  Upon
      receipt of notice by the Trust Administrator of the presentation of the
      Certificates by the Certificateholders on the related final Distribution Date
      to
      the Trust Administrator, the Trust Administrator shall distribute to each
      Certificateholder so presenting and surrendering its Certificates the amount
      otherwise distributable on such Distribution Date in accordance with Section
      4.01 in respect of the Certificates so presented and surrendered. Any funds
      not
      distributed to any Holder or Holders of Certificates being retired 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 by the
      Trust Administrator 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 9.01 shall not have been surrendered for cancellation
      within six months after the time specified in such notice, the Trust
      Administrator 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 one year after
      the second notice all such Certificates shall not have been surrendered for
      cancellation, the Trust Administrator shall, directly or through an agent,
      mail
      a final notice to remaining related 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 funds. If within one year after the final notice
      any such Certificates shall not have been surrendered for cancellation, the
      Trust Administrator shall pay to Citigroup Global Markets Inc. all such amounts,
      and all rights of non-tendering Certificateholders in or to such amounts shall
      thereupon cease. No interest shall accrue or be payable to any Certificateholder
      on any amount held in trust by the Trust Administrator as a result of such
      Certificateholder’s failure to surrender its Certificate(s) for final payment
      thereof in accordance with this Section 9.01.

     

    Immediately
      following the deposit of funds in trust hereunder in respect of each of the
      Certificates the Trust Fund shall terminate.

     

    (d)  In
      connection with any optional termination pursuant to Section 9.01(a) or auction
      pursuant to Section 9.03, four Business Days prior to the final Distribution
      Date specified in the notice required pursuant to Section 9.01(b), the Trust
      Administrator shall, no later than 4:00 pm New York City time on such day,
      request in writing (in accordance with the applicable provision of the Interest
      Rate Swap Agreement) from the Swap Provider the amount of the Estimated
      Swap Termination Payment.  The Swap Provider shall, no later than 2:00
      pm on the following Business Day, send notice in writing (which may be done
      in
      electronic format) to the Trust Administrator of the amount of the Estimated
      Swap Termination Payment; the Trust Administrator shall promptly on the same
      day
      notify the Terminator or the Winning Bidder, as applicable, of the amount of
      the
      Estimated Swap Termination Payment.

     

    No
      later
      than three (3) Business Days prior to the final Distribution Date specified
      in
      the notices required pursuant to Sections 9.01(b), (x) the Terminator or the
      Winning Bidder, as applicable, shall, no later than 1:00 pm (New York
      City time) on such day, deliver to the Trust Administrator and the Trust
      Administrator shall deposit funds in the Distribution Account in an amount
      equal
      to the Termination Price or the bid amount, as applicable (which amount shall
      be
      based on the Estimated Swap Termination Payment) and (y) if the Trust
      Administrator shall have determined that the all of the requirements for
      termination of the Trust Fund have been met, including without limitation the
      deposit required pursuant to the immediately preceding clause (x) as well as
      the
      requirements specified in Section 9.01(c), then the Trust Administrator shall,
      on the same Business Day, provide written notice to the Terminator or the
      Winning Bidder, as applicable, the Trustee and the Swap Provider confirming
      (a)
      its receipt of the Termination Price or the bid amount, as applicable (which
      shall be based on the Estimated Swap Termination Payment), and (b) that all
      other requirements of the termination of the Trust Fund have been met (the
      “Optional Termination Notice”).  Upon the delivery of the Optional
      Termination Notice by the Trust Administrator pursuant to the preceding
      sentence, (i) the optional termination shall become irrevocable, (ii) the notice
      to Certificateholders of such optional termination provided pursuant to Section
      9.01(c) shall become unrescindable, (iii) the Swap Provider shall determine
      the
      Swap Termination Payment in accordance with the Interest Rate Swap Agreement
      (which shall not exceed the Estimated Swap Termination Payment), and (iv) the
      Swap Provider shall provide to the Trust Administrator written notice of the
      amount of the Swap Termination Payment not later than two (2) Business Days
      prior to the final Distribution Date specified in the notices required pursuant
      to Sections 9.01(c).

     

    
      	
              SECTION
                9.02  

            	
              Additional
                Termination Requirements.

            

    

     

    (a)  In
      the
      event that the Terminator purchases all the Mortgage Loans and each REO
      Property, REMIC I shall be terminated, in each case in accordance with the
      following additional requirements (or in connection with the final payment
      on or
      other liquidation of the last Mortgage Loan or REO Property remaining in REMIC
      I, the additional requirement specified in clause (i) below):

     

    (i)  The
      Trust
      Administrator shall specify the first day in the 90-day liquidation period
      in a
      statement attached to REMIC I’s final Tax Return pursuant to Treasury regulation
      Section 1.860F-1, and such termination shall satisfy all requirements of a
      qualified liquidation under Section 860F of the Code and any regulations
      thereunder, as evidenced by an Opinion of Counsel obtained at the expense of
      the
      Servicer;

     

    (ii)  During
      such 90-day liquidation period, and at or prior to the time of making of the
      final payment on the Certificates, the Trustee shall sell all of the assets
      of
      REMIC I to the Terminator for cash; and

     

    (iii)  At
      the
      time of the making of the final payment on the related Certificates, the Trust
      Administrator shall distribute or credit, or cause to be distributed or
      credited, to the Holders of the Class R Certificates all cash on hand in REMIC
      I
      (other than cash retained to meet claims), and REMIC I shall terminate at that
      time.

     

    (b)  At
      the
      expense of the Terminator (or in the event of termination under Section
      9.01(a)(ii), at the expense of the Servicer), the Trust Administrator shall
      prepare or cause to be prepared the documentation required in connection with
      the adoption of a plan of liquidation of REMIC I pursuant to this Section
      9.02.

     

    (c)  By
      their
      acceptance of Certificates, the Holders thereof hereby agree to authorize the
      Trust Administrator to specify the 90-day liquidation period for REMIC I which
      authorization shall be binding upon all successor
      Certificateholders.

     

    
      	
              SECTION
                9.03  

            	
              Auction
                of the Mortgage Loans and REO
                Properties.

            

    

     

    (a)  On
      or
      after the Optional Termination Date, the Directing Holder may, by written
      instruction, direct the Trust Administrator to solicit bids in a commercially
      reasonable manner from Qualified Bidders for the purchase of the Mortgage Loans
      and any REO Properties owned by the Trust Fund.  The Directing Holder
      shall provide written notice to the Trust Administrator no later than the 1st day of
      the
      calendar month in which such auction is to be conducted.  Any such
      direction by the Directing Holder shall (i) be made in writing and (ii) include
      contact information for the Directing Holder.  Upon receipt of any
      direction from the Directing Holder meeting the requirements of the immediately
      preceding sentence, the Trust Administrator shall commence the auction process
      described in this Section 9.03.  The Trust Administrator may engage a
      financial advisor in order to perform any of the duties of the Trust
      Administrator specified in Section 9.03.  To effectuate such sale, the
      Trust Administrator (or such financial advisor) shall follow the procedures
      specified in Section 9.03(b) below.  The Trust Administrator shall
      facilitate the sale of the assets in the Trust Fund to the Winning Bidder so
      long as the Trust Administrator (or any financial advisor on its behalf) has
      received at least three bids from Qualified Bidders and at least one such bid
      is
      at least equal to the Acceptable Bid Amount.  In the event the auction
      is not a Successful Auction and to the extent that the Terminator has not
      exercised its right to purchase the Mortgage Loans and REO Properties pursuant
      to Section 9.01, the Trust Administrator may repeat this process periodically
      (thereafter as directed by the Directing Holder) until a Successful Auction
      is
      conducted but in any event no more than three Auctions shall be
      conducted.  The Trust Administrator shall be reimbursed for its
      reasonable costs, including expenses associated with engaging any financial
      advisor, from the Directing Holder if the auction is not a Successful Auction,
      and, if the auction is a Successful Auction, from the proceeds of the auction
      before the proceeds are distributed to Certificateholders.

     

    (b)  The
      Trust
      Administrator (or any financial advisor on its behalf) shall solicit bids for
      the purchase of assets owned by the Trust Fund as provided in Section 9.03(a)
      not later than two Business Days following receipt of the Directing Holder’s
      written instruction by contacting by telephone or in writing at least three
      Qualified Bidders and requesting that each Qualified Bidder bid on the Mortgage
      Loans and REO Properties owned by the Trust Fund (on a non-recourse basis with
      no representations or warranties of any nature whatsoever made by the Trust
      Administrator (or such financial advisor)) and providing to the Qualified Bidder
      any information relating to the Mortgage Loans and REO Properties owned by
      the
      Trust Fund reasonably requested by such Qualified Bidder, subject to the
      Qualified Bidder’s written agreement not to use such information in the purchase
      or sale of Certificates (it being understood no Qualified Bidder shall be
      obligated to submit a bid or take any other action in connection with any
      auction) and the Trust Administrator shall not incur any liability for any
      information provided to the Qualified Bidder under the terms of this
      Section.  At 1:00 p.m. New York time on the second Business Day after
      the date on which bids are last solicited (such second day, the “Bid
      Determination Date”), the Trust Administrator (or any financial advisor on its
      behalf) shall determine the highest bid based on the bids received by the Trust
      Administrator (or any financial advisor on its behalf) on or before such time.
      The Trust Administrator shall advise each Qualified Bidder that any bid
      submitted by it shall include the amount of any Swap Termination Payment owed
      to
      the Swap Provider.

     

    (c)  If
      the
      highest of the bids that are submitted by Qualified Bidders is less than the
      Minimum Auction Amount, the Trust Administrator shall promptly inform the
      Directing Holder of the amount of the shortfall and indicate that the Directing
      Holder must notify the Trust Administrator within 24 hours whether it will
      contribute the amount of such difference (such difference being the “Auction
      Supplement Amount”) so that the auction will be a Successful
      Auction.  If the highest of the bids that are submitted by Qualified
      Bidders is equal to or greater than the Minimum Auction Amount, or if the
      Directing Holder notifies the Trust Administrator within 24 hours of its receipt
      of notice as described in the previous sentence that it will contribute the
      Auction Supplement Amount, then the Trust Administrator (or any financial
      advisor on its behalf) shall notify promptly (but in any event no later than
      3:00 p.m. New York time on the Business Day following the Bid Determination
      Date) the Winning Bidder that its bid was the highest bid and shall provide
      wiring instructions for payment of the bid amount into the Distribution Account
      by 12:00 p.m. New York time on the second Business Day following the Bid
      Determination Date and, if applicable, provide the Directing Holder with wiring
      instructions for payment of the Auction Supplement Amount into the Distribution
      Account by such time.

     

    (d)  If
      such
      Winning Bidder does not wire the bid amount so that it is received in the
      Distribution Account in immediately available funds by 12:00 p.m. New York
      time
      on the second Business Day following the Bid Determination Date, the Trust
      Administrator shall repeat the process specified in the preceding paragraph
      with
      respect to the second highest bid, but only if such bid is at least the Minimum
      Auction Amount or the Directing Holder agrees to pay the new Auction Supplement
      Amount.  If no other bids are available to be accepted pursuant to the
      preceding sentence, or if the amount remitted by the Winning Bidder plus any
      Auction Supplement Amount remitted by the Directing Holder is less than the
      Minimum Auction Amount, then the auction shall be considered to have failed
      for
      all purposes.

     

    (e)  In
      the
      event of a Successful Auction and so long as the Winning Bidder has wired its
      bid amount (and the Directing Holder has wired any Auction Supplement Amount,
      if
      applicable) to the Distribution Account as provided above, then the Trustee
      shall promptly convey to the Winning Bidder the Mortgage Loans and REO
      Properties owned by the Trust Fund.  The Servicer shall remit to the
      Distribution Account from the Collection Account, on the Business Day prior
      to
      the Distribution Date on which final distribution on the Certificates is
      required to be paid under this Agreement, all amounts on deposit in the
      Collection Account, net of any amounts permitted to be withdrawn pursuant to
      Section 3.11(a) and amounts owing to the Trust Administrator in reimbursement
      of
      its reasonable costs, including expenses associated with engaging any financial
      advisor, incurred in connection with the auction process.  Such
      amounts owed to the Trust Administrator shall be withdrawn from the Collection
      Account.

     

    (f)  Any
      amount paid by the Winning Bidder in excess of the Minimum Auction Amount shall
      be distributed by the Trust Administrator pro rata to the Class CE-1
      Certificates on the Distribution Date on which the final distribution on the
      Certificates is made.

     

    (g)  The
      Terminator may purchase the Mortgage Loans and REO Properties owned by the
      Trust
      Fund for its own account pursuant to Section 9.01 only if the Directing Holder
      chooses not to request an auction as described above or if the immediately
      preceding auction is unsuccessful.

     

    (h)  If
      the
      Directing Holder pays any Auction Supplement Amount pursuant to Section 9.03(c),
      on the final Distribution Date any amounts to be distributed to the Class CE-1
      Certificates pursuant to Section 4.01 will be distributed as follows, first
      to
      the Directing Holder, in an amount up to the Auction Supplement Amount and
      second to the Class CE-1 Certificates, pro rata, based on
      entitlement.  For federal income tax purposes, the Auction Supplement
      Amount so distributed shall be deemed paid pro rata to the Class CE-1
      Certificates, and the portion of such amounts deemed distributed to holders
      of
      the Class CE-1 Certificates other than the Directing Holder shall be deemed
      paid
      from such other holders to the Directing Holder.

     

    ARTICLE
      X

     

    REMIC
      PROVISIONS

     

    
      	
              SECTION
                10.01  

            	
              REMIC
                Administration.

            

    

     

    (a)  The
      Trustee shall elect to treat each REMIC created hereunder as a REMIC under
      the
      Code and, if necessary, under applicable state law. Such election will be made
      by the Trustee on Form 1066 or other appropriate federal tax or information
      return 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 election in respect of REMIC I, the REMIC I Regular Interests
      shall
      be designated as the Regular Interests in REMIC I and the Class R-I Interest
      shall be designated as the Residual Interest in REMIC I. The REMIC II Regular
      Interests shall be designated as the Regular Interests in REMIC II and the
      Class
      R-II Interest shall be designated as the Residual Interest in REMIC
      II.  The Floating Rate Certificates (exclusive of any right to receive
      distributions from or obligation to make payments to the Net WAC Rate Carryover
      Reserve Account in respect of the Net WAC Rate Carryover Amount, the Cap Account
      or the Swap Account), the Class CE-1 Interest, the Class CE-2 Interest and
      the
      Class P Interest shall be designated as the Regular Interests in REMIC III
      and
      the Class R-III Interest shall be designated as the Residual Interest in REMIC
      III.  The Class CE-1 Certificates (exclusive of any right to receive
      distributions from or obligation to make payments to the Net WAC Rate Carryover
      Reserve Account in respect of the Net WAC Rate Carryover Amount or the Swap
      Account) shall be designated as the Regular Interests in REMIC IV and the Class
      R-IV Interest shall be designated as the Residual Interest in REMIC
      IV.  The Class CE-2 Certificates shall be designated as the Regular
      Interests in REMIC V and the Class R-V Interest shall be designated as the
      Residual Interest in REMIC V.  The Class P Certificates shall be
      designated as the Regular Interests in REMIC VI and the Class R-VI Interest
      shall be designated as the Residual Interest in REMIC VI.  The SWAP IO
      Interest shall be designated as the Regular Interests in REMIC VII and the
      Class
      R-VII Interest shall be designated as the Residual Interest in REMIC
      VII.  Neither the Trustee nor the Trust Administrator shall permit the
      creation of any “interests” in any Trust REMIC (within the meaning of Section
      860G of the Code) other than the REMIC Regular Interests and the interests
      represented by the Certificates.

     

    (b)  The
      Closing Date is hereby designated as the “Startup Day” of each Trust REMIC
      created hereunder within the meaning of Section 860G(a)(9) of the
      Code.

     

    (c)  The
      Trust
      Administrator shall pay any and all expenses relating to any tax audit of the
      Trust Fund (including, but not limited to, any professional fees or any
      administrative or judicial proceedings with respect to any Trust REMIC that
      involve the Internal Revenue Service or state tax authorities), and shall be
      entitled to reimbursement from the Trust therefor to the extent permitted under
      Section 8.05. The Trust Administrator, as agent for any Trust REMIC’s tax
      matters person, shall (i) act on behalf of the Trust Fund in relation to any
      tax
      matter or controversy involving any Trust REMIC 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. The holder
      of
      the largest Percentage Interest of the Residual Certificates shall be
      designated, in the manner provided under Treasury regulations section
      1.860F-4(d) and Treasury regulations section 301.6231(a)(7)-1, as the tax
      matters person of the related REMIC created hereunder. By its acceptance
      thereof, the holder of the largest Percentage Interest of the Residual
      Certificates hereby agrees to irrevocably appoint the Trust Administrator or
      an
      Affiliate as its agent to perform all of the duties of the tax matters person
      for the Trust Fund.

     

    (d)  The
      Trust
      Administrator shall prepare and the Trustee at the direction of the Trust
      Administrator shall sign and the Trust Administrator shall file all of the
      Tax
      Returns in respect of the REMIC created hereunder. The expenses of preparing
      and
      filing such returns shall be borne by the Trust Administrator without any right
      of reimbursement therefor.  The Servicer shall provide on a timely
      basis to the Trust Administrator or its designee such information with respect
      to the assets of the Trust Fund as is in its possession and reasonably required
      by the Trust Administrator to enable it to perform its obligations under this
      Article.

     

    (e)  The
      Trust
      Administrator shall perform on behalf of any Trust REMIC all reporting and
      other
      tax compliance duties that are the responsibility of the REMIC under the Code,
      the REMIC Provisions or other compliance guidance issued by the Internal Revenue
      Service or any state or local taxing authority including the filing of Form
      8811
      with the Internal Revenue Service within 30 days following the Closing Date.
      Among its other duties, as required by the Code, the REMIC Provisions or other
      such compliance guidance, the Trust Administrator shall provide (i) to any
      Transferor of a Residual Certificate such information as is necessary for the
      application of any tax relating to the transfer of a Residual 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 any Trust
      REMIC.  The Servicer shall provide on a timely basis to the Trust
      Administrator such information with respect to the assets of the Trust Fund,
      including, without limitation, the Mortgage Loans, as is in its possession
      and
      reasonably required by the Trust Administrator to enable it to perform its
      obligations under this subsection. In addition, the Depositor shall provide
      or
      cause to be provided to the Trust Administrator, within ten (10) days after
      the
      Closing Date, all information or data that the Trust Administrator 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, the Master Servicer, the Trust Administrator, the Servicer and the
      Holders of Certificates shall take such action or cause the Trust REMIC to
      take
      such action as shall be necessary to create or maintain the status thereof
      as a
      REMIC under the REMIC Provisions. The Trustee, the Trust Administrator, the
      Master Servicer and the Servicer 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 each Trust REMIC as a REMIC or (ii) result
      in the imposition of a tax upon the Trust Fund (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 and the Trust Administrator (at
      the
      expense of the party seeking to take such action but in no event at the expense
      of the Trustee or the Trust Administrator) to the effect that the contemplated
      action will not, with respect to any Trust REMIC, endanger such status or result
      in the imposition of such a tax, nor shall the Servicer take or fail to take
      any
      action (whether or not authorized hereunder) as to which the Trustee or the
      Trust Administrator 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
      such action; provided that the Servicer may conclusively rely on such Opinion
      of
      Counsel and shall incur no liability for its action or failure to act in
      accordance with such Opinion of Counsel. In addition, prior to taking any action
      with respect to any Trust REMIC or the respective assets of each, or causing
      any
      Trust REMIC to take any action, which is not contemplated under the terms of
      this Agreement, the Servicer will consult with the Trustee, the Master Servicer
      and the Trust Administrator or their designee, in writing, with respect to
      whether such action could cause an Adverse REMIC Event to occur with respect
      to
      any Trust REMIC and the Servicer shall not take any such action or cause any
      Trust REMIC to take any such action as to which the Trustee, the Master Servicer
      or the Trust Administrator has advised it in writing that an Adverse REMIC
      Event
      could occur; provided that the Servicer may conclusively rely on such writing
      and shall incur no liability for its action or failure to act in accordance
      with
      such writing. The Trust Administrator, the Master Servicer and the Trustee
      may
      consult with counsel to make such written advice, and the cost of same shall
      be
      borne by the party seeking to take the action not permitted by this Agreement,
      but in no event shall such cost be an expense of the Trustee, the Master
      Servicer or the Trust Administrator.  At all times as may be required
      by the Code, the Trustee, the Trust Administrator and the Servicer will ensure
      that substantially all of the assets of REMIC I 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, to the extent such
      obligations are within the Trustee’s, Trust Administrator’s or Servicer’s, as
      applicable, control and not otherwise inconsistent with the terms of this
      Agreement.

     

    (g)  In
      the
      event that any tax is imposed on “prohibited transactions” of the REMIC created
      hereunder as defined in Section 860F(a)(2) of the Code, on the “net income from
      foreclosure property” of the REMIC as defined in Section 860G(c) of the Code, on
      any contributions to the 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 Trust Administrator pursuant to Section 10.03 hereof, if such tax arises
      out of or results from a breach by the Trust Administrator of any of its
      obligations under this Article X, (ii) 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, (iii) 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, Article IIIA
      or
      this Article X, (iv) to the Servicer pursuant to Section 10.03 hereof, if such
      tax arises out of or results from a breach by the Servicer of any of its
      obligations under Article III or this Article X, or otherwise (v) against
      amounts on deposit in the Distribution Account and shall be paid by withdrawal
      therefrom.

     

    (h)  [Reserved].

     

    (i)  The
      Trust
      Administrator shall, for federal income tax purposes, maintain books and records
      with respect to any Trust REMIC on a calendar year and on an accrual
      basis.

     

    (j)  Following
      the Startup Day, the Servicer, the Master Servicer, the Trustee and the Trust
      Administrator shall not accept any contributions of assets to any Trust REMIC
      other than in connection with any Qualified Substitute Mortgage Loan delivered
      in accordance with Section 2.03 unless it shall have received an Opinion of
      Counsel to the effect that the inclusion of such assets in the Trust Fund will
      not cause the REMIC to fail to qualify as a REMIC at any time that any
      Certificates are outstanding or subject the REMIC to any tax under the REMIC
      Provisions or other applicable provisions of federal, state and local law or
      ordinances.

     

    (k)  None
      of
      the Trustee, the Trust Administrator, the Master Servicer or the Servicer shall
      enter into any arrangement by which any Trust REMIC will receive a fee or other
      compensation for services nor permit either such REMIC 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, the Servicer, the Trust Administrator or
      the
      Trustee shall 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 any Trust REMIC, (iii) the
      termination of any Trust REMIC pursuant to Article IX of this Agreement, (iv)
      a
      substitution pursuant to Article II of this Agreement or (v) a purchase of
      Mortgage Loans pursuant to Article II or III of this Agreement), nor acquire
      any
      assets for any Trust REMIC (other than REO Property acquired in respect of
      a
      defaulted Mortgage Loan), nor sell or dispose of any investments in the
      Collection Account or the Distribution Account for gain, nor accept any
      contributions to any Trust REMIC after the Closing Date (other than a Qualified
      Substitute Mortgage Loan delivered in accordance with Section 2.03), unless
      it
      has received an Opinion of Counsel, addressed to the Trustee and the Trust
      Administrator (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 or the Trust Administrator) that such sale, disposition,
      substitution, acquisition or contribution will not (a) affect adversely the
      status of any Trust REMIC as a REMIC or (b) cause any Trust REMIC to be subject
      to a tax on “prohibited transactions” or “contributions” pursuant to the REMIC
      Provisions.

     

    
      	
              SECTION
                10.03  

            	
              Servicer,
                Master Servicer, Trustee and Trust Administrator
                Indemnification.

            

    

     

    (a)  The
      Trust
      Administrator agrees to indemnify the Trust Fund, the Depositor, the Master
      Servicer, the Servicer and the Trustee for any taxes and costs including,
      without limitation, any reasonable attorneys fees imposed on or incurred by
      the
      Trust Fund, the Depositor, the Master Servicer, the Servicer or the Trustee
      as a
      result of a breach of the Trust Administrator’s covenants set forth in this
      Article X.

     

    (b)  The
      Servicer agrees to indemnify the Trust Fund, the Depositor, the Master Servicer,
      the Trust Administrator and the Trustee for any taxes and costs including,
      without limitation, any reasonable attorneys’ fees imposed on or incurred by the
      Trust Fund, the Depositor, the Master Servicer, the Trust Administrator or
      the
      Trustee, as a result of a breach of the Servicer’s covenants set forth in
      Article III (other than Section 3.20 or Section 3.21) or this Article
      X.

     

    (c)  The
      Trustee agrees to indemnify the Trust Fund, the Depositor, the Master Servicer,
      the Trust Administrator and the Servicer for any taxes and costs including,
      without limitation, any reasonable attorneys’ fees imposed on or incurred by the
      Trust Fund, the Depositor, the Master Servicer, the Trust Administrator or
      the
      Servicer, as a result of a breach of the Trustee’s covenants set forth in this
      Article X.

     

    (d)  The
      Master Servicer agrees to indemnify the Trust Fund, the Depositor, the Servicer,
      the Trust Administrator and the Trustee for any taxes and costs including,
      without limitation, any reasonable attorneys’ fees imposed on or incurred by the
      Trust Fund, the Depositor, the Servicer, the Trust Administrator or the Trustee,
      as a result of a breach of the Master Servicer’s covenants set forth in Article
      III (other than Section 3.20 or Section 3.21) or this Article X.

     

    ARTICLE
      XI

     

    MISCELLANEOUS
      PROVISIONS

     

    
      	
              SECTION
                11.01  

            	
              Amendment.

            

    

     

    This
      Agreement may be amended from time to time by the Depositor, the Master
      Servicer, the Servicer, the Trustee and the Trust Administrator without the
      consent of any of the Certificateholders, (i) to cure any ambiguity or defect,
      (ii) to correct, modify or supplement any provisions herein (including to give
      effect to the expectations of Certificateholders) or (iii) to make any other
      provisions with respect to matters or questions arising under this Agreement
      which shall not be inconsistent with the provisions of this Agreement, provided
      that such action shall not, as evidenced by either (a) an Opinion of Counsel
      delivered to the Master Servicer, the Trustee and the Trust Administrator,
      adversely affect in any material respect the interests of any Certificateholder
      or (b) written notice to the Depositor, the Master Servicer, the Servicer,
      the
      Trustee and the Trust Administrator from the Rating Agencies that such action
      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). No amendment
      shall be deemed to adversely affect in any material respect the interests of
      any
      Certificateholder who shall have consented thereto, and no Opinion of Counsel
      or
      Rating Agency confirmation shall be required to address the effect of any such
      amendment on any such consenting Certificateholder.

     

    This
      Agreement may also be amended from time to time by the Depositor, the Master
      Servicer, the Servicer, the Trustee and the Trust Administrator with the consent
      of the Holders of Certificates entitled to at least 66% 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 (as evidenced by either (i) an Opinion of Counsel
      delivered to the Master Servicer, the Trustee and Trust Administrator or (ii)
      written notice to the Depositor, the Master Servicer, the Servicer, the Trustee
      and the Trust Administrator from the Rating Agencies that such action 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) in a manner, other
      than as described in (i), without the consent of the Holders of Certificates
      of
      such Class evidencing at least 66% of the Voting Rights allocated to such Class,
      or (iii) modify the consents required by the immediately preceding clauses
      (i)
      and (ii) 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 Depositor, the Master Servicer or
      the
      Servicer or any Affiliate thereof shall be entitled to Voting Rights with
      respect to matters affecting such Certificates.

     

    Notwithstanding
      any contrary provision of this Agreement, neither the Trustee nor the Trust
      Administrator shall consent to any amendment to this Agreement unless it shall
      have first received an Opinion of Counsel to the effect that such amendment
      will
      not result in the imposition of any tax on any Trust REMIC pursuant to the
      REMIC
      Provisions or cause any Trust REMIC to fail to qualify as a REMIC at any time
      that any Certificates are outstanding.

     

    Prior
      to
      executing any amendment pursuant to this Section, the Master Servicer, the
      Trustee and the Trust Administrator 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.

     

    Notwithstanding
      any of the other provisions of this Section 11.01, none of the parties to this
      Agreement shall enter into any amendment to this Agreement that could reasonably
      be expected to have a material adverse effect on the interests of  the
      Swap Provider hereunder (excluding, for the avoidance of doubt, any amendment
      to
      this Agreement that is entered into solely for the purpose of appointing a
      successor servicer or trustee) without the prior written consent of the Swap
      Provider, which consent shall not be unreasonably withheld, conditioned or
      delayed.

     

    Promptly
      after the execution of any such amendment the Trust Administrator shall furnish
      a copy of such amendment to each Certificateholder.

     

    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 Trust Administrator may prescribe.

     

    The
      cost
      of any Opinion of Counsel to be delivered pursuant to this Section 11.01 shall
      be borne by the Person seeking the related amendment, but in no event shall
      such
      Opinion of Counsel be an expense of the Trustee or the Trust
      Administrator.

     

    Notwithstanding
      the foregoing, each of the Trustee and Trust Administrator 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 Servicer at the expense
      of
      the Certificateholders, but only upon direction of Certificateholders
      accompanied by an Opinion of Counsel to the effect that such recordation
      materially and beneficially affects the interests of the
      Certificateholders.

     

    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 any 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.

     

    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 (i) such Holder previously
      shall have given to the Trustee and Trust Administrator a written notice of
      default and of the continuance thereof, as hereinbefore provided, and (ii)
      the
      Holders of Certificates entitled to at least 25% of the Voting Rights shall
      have
      made written request upon the Trustee and the Trust Administrator to institute
      such action, suit or proceeding in its own name as Trustee or Trust
      Administrator hereunder and shall have offered to the Trustee or the Trust
      Administrator, as applicable, such indemnity satisfactory to it against the
      costs, expenses and liabilities to be incurred therein or thereby, and the
      Trustee or the Trust Administrator, for 15 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 and the Trust Administrator, that no one or
      more
      Holders of Certificates shall have any right in any manner whatsoever 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,
      the Trustee and the Trust Administrator shall be entitled to such relief as
      can
      be given either at law or in equity.

     

    
      	
              SECTION
                11.04  

            	
              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.

     

    
      	
              SECTION
                11.05  

            	
              Notices.

            

    

     

    All
      directions, demands and notices hereunder shall be sent (i) via facsimile (with
      confirmation of receipt) or (ii) in writing and shall be deemed to have been
      duly given when received if personally delivered at or mailed by first class
      mail, postage prepaid, or by express delivery service or delivered in any other
      manner specified herein, to (a) in the case of the Depositor, 390 Greenwich
      Street, New York, New York 10013, Attention: Mortgage Finance Group (telecopy
      number (212) 723-8604), or such other address or telecopy number as may
      hereafter be furnished to the Master Servicer, the Servicer, the Trust
      Administrator and the Trustee in writing by the Depositor, (b) in the case
      of
      the Servicer, 1100 Town & Country Road, 11th Floor,
      Orange,
      California 92868, Attention: General Counsel (telecopy number: (714) 564-9639),
      or such other address or telecopy number as may hereafter be furnished to the
      Servicer, the Master Servicer, the Trustee, the Trust Administrator and the
      Depositor in writing by the Servicer, (c) in the case of the Backup Servicer,
      400 Countrywide Way, Simi Valley, California, Attention: Mark Wong (telecopy
      number (805) 520-5623) or such other address or telecopy number as may hereafter
      be furnished to the Servicer, the Master Servicer, the Trustee, the Trust
      Administrator and the Depositor in writing by the Backup Servicer, (e) in the
      case of the Master Servicer or the Trust Administrator, Wells Fargo Bank, N.A.,
      P.O. Box 98, Columbia, Maryland 21046, Attention: Client Manager – CMLTI
      2007-AMC4 (telecopy (410) 715-2380), with a copy to Wells Fargo Bank, N.A.,
      9062
      Old Annapolis Road, Columbia, Maryland, 21045, Attention: Client Manager – CMLTI
      2007-AMC4 (telecopy number (410) 715-2380), with a copy to Wells Fargo Bank,
      N.A., Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479,
      Attention: Corporate Trust Services – CMLTI 2007-AMC4 or such other address or
      telecopy number as may hereafter be furnished to the Trustee, the Servicer
      and
      the Depositor in writing by the Trust Administrator or Master Servicer and
      (f)
      in the case of the Trustee, U.S. Bank National Association, One Federal Street,
      3rd Floor, Boston, Massachusetts 02110, Attention: Structured Finance/CMLTI
      2007-AMC4 (telecopy number (617) 603-6637), or such other address or telecopy
      number as may hereafter be furnished to the Master Servicer, the Servicer,
      the
      Trust Administrator and the Depositor in writing by the Trustee. Any notice
      required or permitted to be given 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 when mailed,
      whether or not the Certificateholder receives such notice. A copy of any notice
      required to be telecopied hereunder also shall be mailed to the appropriate
      party in the manner set forth above.

     

    
      	
              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  

            	
              Notice
                to Rating Agencies.

            

    

     

    The
      Trust
      Administrator shall use its best efforts promptly to provide notice to the
      Rating Agencies, and the Servicer shall use its best efforts promptly to provide
      notice to the Trust Administrator, with respect to each of the following of
      which the Trust Administrator or the Servicer, as applicable, has actual
      knowledge:

     

    1.           Any
      material change or amendment to this Agreement;

     

    2.           The
      occurrence of any Servicer Event of Default or Master Servicer Event of Default
      that has not been cured or waived;

     

    3.           The
      resignation or termination of the Servicer, the Master Servicer, the Trust
      Administrator or the Trustee;

     

    4.           The
      repurchase or substitution of Mortgage Loans pursuant to or as contemplated
      by
      Section 2.03;

     

    5.           The
      final payment to the Holders of any Class of Certificates;

     

    6.           Any
      change in the location of the Collection Account or the Distribution
      Account;

     

    7.           Any
      event that would result in the inability of the Master Servicer, were it to
      succeed as Servicer, to make advances regarding delinquent Mortgage Loans;
      and

     

    8.           The
      filing of any claim under the Servicer’s blanket bond and errors and omissions
      insurance policy required by Section 3.14 or the cancellation or material
      modification of coverage under any such instrument.

     

    In
      addition, the Trust Administrator shall make available to the Rating Agencies
      copies of each report to Certificateholders described in Section 4.02 and the
      Master Servicer, as required pursuant to Section 3.20 and Section 3.21, shall
      promptly make available to the Rating Agencies copies of the
      following:

     

    1.           Each
      annual statement as to compliance described in Section 3.20; and

     

    2.           Each
      annual independent public accountants’ servicing report described in Section
      3.21.

     

    Any
      such
      notice pursuant to this Section 11.07 shall be in writing and shall be deemed
      to
      have been duly given if personally delivered at or mailed by first class mail,
      postage prepaid, or by express delivery service to Standard & Poor’s Ratings
      Services, a division of the McGraw-Hill Companies, Inc., 55 Water Street, New
      York, New York 10041 and to Moody’s at 99 Church Street, New York, New York
      10007, or such other addresses as the Rating Agencies may designate in writing
      to the parties hereto.

     

    
      	
              SECTION
                11.08  

            	
              Article
                and Section References.

            

    

     

    All
      article and section references used in this Agreement, unless otherwise
      provided, are to articles and sections in this Agreement.

     

    
      	
              SECTION
                11.09  

            	
              Grant
                of Security Interest.

            

    

     

    It
      is the
      express intent of the parties hereto that the conveyance of the Mortgage Loans
      by the Depositor to the Trustee be, and be construed as, a sale of the Mortgage
      Loans by the Depositor and not a pledge of the Mortgage Loans by the Depositor
      to secure a debt or other obligation of the Depositor. However, in the event
      that, notwithstanding the aforementioned intent of the parties, the Mortgage
      Loans are held to be property of the Depositor, then, (a) it is the express
      intent of the parties 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 and (b)(1) this Agreement shall also be deemed to be a security
      agreement within the meaning of Articles 8 and 9 of the Uniform Commercial
      Code
      as in effect from time to time in the State of New York; (2) the conveyance
      provided for in Section 2.01 hereof shall be deemed to be a grant by the
      Depositor to the Trustee of a security interest in all of the Depositor’s right,
      title and interest in and to the Mortgage Loans and all amounts payable to
      the
      holders of the Mortgage Loans in accordance with the terms thereof and all
      proceeds of the conversion, voluntary or involuntary, of the foregoing into
      cash, instruments, securities or other property, including without limitation
      all amounts, other than investment earnings, from time to time held or invested
      in the Collection Account and the Distribution Account, whether in the form
      of
      cash, instruments, securities or other property; (3) the obligations secured
      by
      such security agreement shall be deemed to be all of the Depositor’s obligations
      under this Agreement, including the obligation to provide to the
      Certificateholders the benefits of this Agreement relating to the Mortgage
      Loans
      and the Trust Fund; and (4) 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.
      Accordingly, the Depositor hereby grants to the Trustee a security interest
      in
      the Mortgage Loans and all other property described in clause (2) of the
      preceding sentence, for the purpose of securing to the Trustee the performance
      by the Depositor of the obligations described in clause (3) of the preceding
      sentence. Notwithstanding the foregoing, the parties hereto intend the
      conveyance pursuant to Section 2.01 to be a true, absolute and unconditional
      sale of the Mortgage Loans and assets constituting the Trust Fund by the
      Depositor to the Trustee.

     

    
      	
              SECTION
                11.10  

            	
              Third
                Party Rights.

            

    

     

    With
      respect to Section 4.09, the Interest Rate Cap Provider 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.  The Swap Provider shall be an express third-party
      beneficiary of this Agreement to the extent of its express rights to receive
      any
      payments under this Agreement or any other express rights of each Swap Provider
      explicitly stated in this Agreement, and shall have the right to enforce such
      rights under this Agreement as if it were a party hereto.

     

    
      	
              SECTION
                11.11  

            	
              Intention
                of the Parties and Interpretation.

            

    

     

    Each
      of
      the parties acknowledges and agrees that the purpose of Sections 3.20, 3.21
      and  4.07 of this Agreement is to facilitate compliance by
      the Depositor with the provisions of Regulation AB, as such may be amended
      from time to time and subject to clarification and interpretive advice as may
      be
      issued by the staff of the Commission from time to time.  Therefore,
      each of the parties (other than Countrywide) 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, opinion of counsel, or otherwise in respect
      of
      the requirements of Regulation AB, (c) the parties shall comply with requests
      made by the Depositor or the Trust Administrator for delivery of additional
      or different information, to the extent that such information is available
      or
      reasonably attainable, as the Depositor or the Trust Administrator 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; provided, however, that
      any
      such changes shall require the consent of each of the parties
      hereto.

     

    IN
      WITNESS WHEREOF, the Depositor, the Servicer, the Master Servicer, the Trust
      Administrator and the Trustee have caused their names to be signed hereto by
      their respective officers thereunto duly authorized, in each case as of the
      day
      and year first above written.

     

    
      	 	
              CITIGROUP
                MORTGAGE LOAN TRUST INC.,

              as
                Depositor

            	 
	 	 	 	 
	
               

            	
              By:
                

            	/s/
              Matthew Bollo	 
	 	Name:	Matthew
              Bollo	 
	 	Title: 	Director	 
	 	 	 	 

    

    
       

      
        	 	
                
                  AMERIQUEST
                    MORTGAGE COMPANY,

                  as
                    Servicer

                

              	 
	 	 	 	 
	
                 

              	
                By:
                  

              	/s/
                John P. Grazer	 
	 	Name:	John
                P. Grazer	 
	 	Title: 	EVP	 
	 	 	 	 

      

      
        
           

          
            	 	
                    
                      
                        WELLS
                          FARGO BANK, N.A.,

                        as
                          Trust Administrator and Master Servicer

                      

                    

                  	 
	 	 	 	 
	
                     

                  	
                    By:
                      

                  	/s/
                    Martin Reed	 
	 	Name:	Martin
                    Reed	 
	 	Title: 	Vice
                    President	 
	 	 	 	 

          

          
            
               

              
                	 	
                        
                          
                            U.S.
                              BANK NATIONAL ASSOCIATION, not in its individual capacity
                              but solely as
                              Trustee

                          

                        

                      	 
	 	 	 	 
	
                         

                      	
                        By:
                          

                      	/s/
                        Clare M. O’Brien	 
	 	Name:	Clare
                        M. O’Brien	 
	 	Title: 	Vice
                        President	 
	 	 	 	 

              

               

            

          

        

      

    

     

    
      	
              For
                purposes of
                Sections 6.07, 6.08 and
                6.09:

            

    

     

    
      	
              CLAYTON
                FIXED INCOME SERVICES
                INC.

            	 
	 	 	 
	
              By:
                

            	/s/ Kevin
              J. Kanouff	 
	Name:	Kevin
              J.
              Kanouff	 
	Title:	President
              and General
              Counsel	 
	 	 	 

    

    
      
        Agreed
          and acknowledged:

         

      

      
        	
                
                  COUNTRYWIDE
                    HOME LOANS SERVICING LP

                

              	 
	 	 	 
	
                By:
                  

              	COUNTRYWIDE
                GP, INC.	 
	 	 	 
	
                By:
                  

              	/s/ Thomas
                P. Lin	 
	Name:	Thomas
                P.
                Lin	 
	Title:	Senior
                Vice President	 
	 	 	 

      

       

    

    
      	
              STATE
                OF

            	
              )

            

      	 	)
              ss.:

    

    
      	
              COUNTY
                OF

            	
              )

            

    

     

    On
      the
      ___ day of June 2007, before me, a notary public in and for said State,
      personally appeared ____________, known to me to be a __________ of Citigroup
      Mortgage Loan Trust Inc., 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 entity executed the within
      instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

     

    
 

    
      	 	 	 
	 	
              Notary
                Public

            	 

    

     

    [Notarial
      Seal]

    
       

      
        	
                STATE
                  OF

              	
                )

              

        	 	)
                ss.:

      

      
        	
                COUNTY
                  OF

              	
                )

              

      

       

    

    On
      the
      ___ day of June 2007, before me, a notary public in and for said State,
      personally appeared ___________, known to me to be a ________________ of
      Ameriquest Mortgage 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 entity executed the within
      instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

     

    
      
        	 	 	 
	 	
                Notary
                  Public

              	 

      

       

    

    [Notarial
      Seal]

     

    

    
      	
              STATE
                OF

            	
              )

            

    

    )
      ss.:

    
      	
              COUNTY
                OF

            	
              )

            

    

     

    On
      the
      ___ day of June 2007, before me, a notary public in and for said State,
      personally appeared ___________, known to me to be a _________________of Wells
      Fargo Bank, N.A., 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 entity executed the within instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

     

    
      
        	 	 	 
	 	
                Notary
                  Public

              	 

      

       

    

    [Notarial
      Seal]

     

     

    
      	
              COMMONWEALTH
                OF MASSACHUSETTS

            	
              )

            

      	 	)
              ss.:

      	
              COUNTY
                OF SUFFOLK

            	
              )

            

    

     

    On
      the
      ___ day of June 2007, before me, a notary public in and for said State,
      personally appeared ________________, known to me to be a ______________of
      U.S.
      Bank National Association, 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 entity executed the within
      instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

     

    
      
        	 	 	 
	 	
                Notary
                  Public

              	 

      

    

     

    [Notarial
      Seal]

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

     

    EXHIBIT
      A-1

     

    FORM
      OF
      CLASS A-1 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    THIS
      CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD
      OR
      TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD
      OR
      TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT
      AND
      UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS
      OF SECTION 5.02 OF THE AGREEMENT.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    PRIOR
      TO
      TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, EACH TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED,
      OR
      SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE REPRESENTATIONS
      DESCRIBED HEREIN.

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class A-1 Certificates as of
                the
                Issue Date: $465,021,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $465,021,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trust
                Administrator:  Wells Fargo Bank, N.A

            
	 	
              Trustee:
                U.S. Bank National Association

            
	 	
              Issue
                Date: June 29, 2007

            
	 	
              CUSIP:
                17313B AA9

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ASSET-BACKED
      PASS-THROUGH CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class A-1 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      A-1 Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class A-1 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    No
      transfer of this Certificate shall be made unless the transfer is made pursuant
      to an effective registration statement under the Securities Act of 1933, as
      amended (the “1933 Act”), and an effective registration or qualification under
      applicable state securities laws, or is made in a transaction that does not
      require such registration or qualification. In the event that such a transfer
      of
      this Certificate is to be made without registration or qualification, the Trust
      Administrator shall require receipt of written certifications from the Holder
      of
      the Certificate desiring to effect the transfer, and from such Holder’s
      prospective transferee, substantially in the forms attached to the Agreement
      as
      Exhibit F-1.  None of the Depositor or the Trust Administrator is
      obligated to register or qualify the Class of Certificates specified on the
      face
      hereof under the 1933 Act or any other securities law or to take any action
      not
      otherwise required under the Agreement to permit the transfer of such
      Certificates without registration or qualification. Any Holder desiring to
      effect a transfer of this Certificate shall be required to indemnify the
      Trustee, the Trust Administrator, the Master Servicer, the Depositor, the
      Servicer and any Sub-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.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
      	 	
              Wells
                Fargo Bank, N.A., as Trust Administrator

            	 
	 	 	 	 
	
               

            	
              By:
                

            	 	 
	 	 	
              Authorized
                Officer

            	 
	 	 	 	 
	 	 	 	 

    

    
 

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
       

      
        	 	
                Wells
                  Fargo Bank, N.A., as Trust Administrator

              	 
	 	 	 	 
	
                 

              	
                By:
                  

              	 	 
	 	 	
                Authorized
                  Signatory

              	 
	 	 	 	 
	 	 	 	 

      

      
 

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

     

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

     

    
 

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

     

    EXHIBIT
      A-2

     

    FORM
      OF
      CLASS A-2A CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    PRIOR
      TO
      TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, EACH TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED,
      OR
      SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE REPRESENTATIONS
      DESCRIBED HEREIN.

     

    

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class A-2 Certificates as of
                the
                Issue Date: $217,806,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $217,806,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	 	
              CUSIP:
                17313B AB7

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class A-2A Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      A-2A Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class A-2A Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
       

      
        	 	
                Wells
                  Fargo Bank, N.A., as Trust Administrator

              	 
	 	 	 	 
	
                 

              	
                By:
                  

              	 	 
	 	 	
                Authorized
                  Officer

              	 
	 	 	 	 
	 	 	 	 

      

      
 

    

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
       

      
        	 	
                Wells
                  Fargo Bank, N.A., as Trust Administrator

              	 
	 	 	 	 
	
                 

              	
                By:
                  

              	 	 
	 	 	
                Authorized
                  Signatory

              	 
	 	 	 	 
	 	 	 	 

      

       

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

     

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

     

    EXHIBIT
      A-3

     

    FORM
      OF
      CLASS A-2B CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    PRIOR
      TO
      TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, EACH TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED,
      OR
      SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE REPRESENTATIONS
      DESCRIBED HEREIN.

     

    

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class A-2B Certificates as of
                the
                Issue Date: $68,054,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $68,054,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	 	
              CUSIP:
                17313B AC5

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class A-2B Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      A-2B Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class A-2B Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
       

      
        	 	
                Wells
                  Fargo Bank, N.A., as Trust Administrator

              	 
	 	 	 	 
	
                 

              	
                By:
                  

              	 	 
	 	 	
                Authorized
                  Officer

              	 
	 	 	 	 
	 	 	 	 

      

      
 

    

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    

    
       

      
        	 	
                Wells
                  Fargo Bank, N.A., as Trust Administrator

              	 
	 	 	 	 
	
                 

              	
                By:
                  

              	 	 
	 	 	
                Authorized
                  Signatory

              	 
	 	 	 	 
	 	 	 	 

      

      
 

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

     

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

     

    
 

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

     

     

    EXHIBIT
      A-4

     

    FORM
      OF
      CLASS A-2C CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    PRIOR
      TO
      TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, EACH TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED,
      OR
      SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE REPRESENTATIONS
      DESCRIBED HEREIN.

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class A-2C Certificates as of
                the
                Issue Date: $57,661,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $57,661,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	
              No.
                1

            	
              CUSIP:
                17313B AD3

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class A-2C Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      A-2C Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class A-2C Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
       

      
        	 	
                Wells
                  Fargo Bank, N.A., as Trust Administrator

              	 
	 	 	 	 
	
                 

              	
                By:
                  

              	 	 
	 	 	
                Authorized
                  Officer

              	 
	 	 	 	 
	 	 	 	 

      

       

    

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      
         

        
          	 	
                  Wells
                    Fargo Bank, N.A., as Trust Administrator

                	 
	 	 	 	 
	
                   

                	
                  By:
                    

                	 	 
	 	 	
                  Authorized
                    Signatory

                	 
	 	 	 	 
	 	 	 	 

        

         

      

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

    

     

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

     

    
 

    EXHIBIT
      A-5

     

    FORM
      OF
      CLASS A-2D CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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”).

     

    PRIOR
      TO
      TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, EACH TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED,
      OR
      SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE REPRESENTATIONS
      DESCRIBED HEREIN.

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class A-2D Certificates as of
                the
                Issue Date: $36,954,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $36,954,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	
              No.
                1

            	
              CUSIP:
                17313B AE1

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class A-2D Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      A-2D Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class A-2D Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
      
         

        
          	 	
                  Wells
                    Fargo Bank, N.A., as Trust Administrator

                	 
	 	 	 	 
	
                   

                	
                  By:
                    

                	 	 
	 	 	
                  Authorized
                    Officer

                	 
	 	 	 	 
	 	 	 	 

        

         

      

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    

    
      
         

        
          	 	
                  Wells
                    Fargo Bank, N.A., as Trust Administrator

                	 
	 	 	 	 
	
                   

                	
                  By:
                    

                	 	 
	 	 	
                  Authorized
                    Signatory

                	 
	 	 	 	 
	 	 	 	 

        

         

      

    

     

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

     

     

     

    EXHIBIT
      A-6

     

    FORM
      OF
      CLASS M-1 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 IS SUBORDINATE TO THE CLASS A CERTIFICATES TO THE EXTENT DESCRIBED
      IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

     

    EACH
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
      OF
      1974, AS AMENDED, OR SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS DESCRIBED HEREIN.

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class M-1 Certificates as of
                the
                Issue Date: $53,869,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $53,869,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:
                Ameriquest Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	 	
              CUSIP:
                17313B AF8

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    

     

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class M-1 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      M-1 Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class M-1 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Each
      transferee of this Certificate who is a Plan subject to ERISA or Section 4975
      of
      the Code, a Person acting, directly or indirectly, on behalf of any such Plan
      or
      a Person using "Plan Assets" to acquire this Certificate shall be deemed to
      have
      made the representations in Section 5.02(b) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
      
         

        
          	 	
                  Wells
                    Fargo Bank, N.A., as Trust Administrator

                	 
	 	 	 	 
	
                   

                	
                  By:
                    

                	 	 
	 	 	
                  Authorized
                    Officer

                	 
	 	 	 	 
	 	 	 	 

        

         

      

    

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      
         

        
          	 	
                  Wells
                    Fargo Bank, N.A., as Trust Administrator

                	 
	 	 	 	 
	
                   

                	
                  By:
                    

                	 	 
	 	 	
                  Authorized
                    Signatory

                	 
	 	 	 	 
	 	 	 	 

        

      

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

    

     

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

     

     

    EXHIBIT
      A-7

     

    FORM
      OF
      CLASS M-2 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 IS SUBORDINATE TO THE CLASS A CERTIFICATES AND THE CLASS M-1
      CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT
      REFERRED TO HEREIN.

     

    EACH
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
      OF
      1974, AS AMENDED, OR SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS DESCRIBED HEREIN.

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class M-2 Certificates as of
                the
                Issue Date: $58,552,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $58,552,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	 	
              CUSIP:
                17313B AG6

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class M-2 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      M-2 Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class M-2 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Each
      transferee of this Certificate who is a Plan subject to ERISA or Section 4975
      of
      the Code, a Person acting, directly or indirectly, on behalf of any such Plan
      or
      a Person using "Plan Assets" to acquire this Certificate shall be deemed to
      have
      made the representations in Section 5.02(b) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
      
        
           

          
            	 	
                    Wells
                      Fargo Bank, N.A., as Trust Administrator

                  	 
	 	 	 	 
	
                     

                  	
                    By:
                      

                  	 	 
	 	 	
                    Authorized
                      Officer

                  	 
	 	 	 	 
	 	 	 	 

          

           

        

      

       

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    

    
      
        
           

          
            	 	
                    Wells
                      Fargo Bank, N.A., as Trust Administrator

                  	 
	 	 	 	 
	
                     

                  	
                    By:
                      

                  	 	 
	 	 	
                    Authorized
                      Signatory

                  	 
	 	 	 	 
	 	 	 	 

          

           

        

      

      
 

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

     

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

    

     

     

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

     

    EXHIBIT
      A-8

     

    FORM
      OF
      CLASS M-3 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 IS SUBORDINATE TO THE CLASS A CERTIFICATES,  THE CLASS M-1
      CERTIFICATES AND THE CLASS M-2 CERTIFICATES TO THE EXTENT DESCRIBED IN THE
      POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

     

    EACH
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
      OF
      1974, AS AMENDED, OR SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS DESCRIBED HEREIN.

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class M-3 Certificates as of
                the
                Issue Date: $17,566,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $17,566,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	 	
              CUSIP:
                17313B AH4

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

     

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class M-3 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      M-3 Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class M-3 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Each
      transferee of this Certificate who is a Plan subject to ERISA or Section 4975
      of
      the Code, a Person acting, directly or indirectly, on behalf of any such Plan
      or
      a Person using "Plan Assets" to acquire this Certificate shall be deemed to
      have
      made the representations in Section 5.02(b) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
      
        
          
            
              	 	
                      Wells
                        Fargo Bank, N.A., as Trust Administrator

                    	 
	 	 	 	 
	
                       

                    	
                      By:
                        

                    	 	 
	 	 	
                      Authorized
                        Officer

                    	 
	 	 	 	 
	 	 	 	 

            

             

          

        

         

      

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
       

      
        
          
             

            
              	 	
                      Wells
                        Fargo Bank, N.A., as Trust Administrator

                    	 
	 	 	 	 
	
                       

                    	
                      By:
                        

                    	 	 
	 	 	
                      Authorized
                        Signatory

                    	 
	 	 	 	 
	 	 	 	 

            

             

          

        

         

      

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

     

    
 

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

     

     

    EXHIBIT
      A-9

     

    FORM
      OF
      CLASS M-4 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 IS SUBORDINATE TO THE CLASS A CERTIFICATES,  THE CLASS M-1
      CERTIFICATES, THE CLASS M-2 CERTIFICATES AND THE CLASS M-3 CERTIFICATES TO
      THE
      EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO
      HEREIN.

     

    EACH
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
      OF
      1974, AS AMENDED, OR SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS DESCRIBED HEREIN.

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class M-4 Certificates as of
                the
                Issue Date: $18,151,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $18,151,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	 	
              CUSIP:
                17313B AJ0

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

     

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class M-4 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      M-4 Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class M-4 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Each
      transferee of this Certificate who is a Plan subject to ERISA or Section 4975
      of
      the Code, a Person acting, directly or indirectly, on behalf of any such Plan
      or
      a Person using "Plan Assets" to acquire this Certificate shall be deemed to
      have
      made the representations in Section 5.02(b) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
       

      
        
          
            
              
                	 	
                        Wells
                          Fargo Bank, N.A., as Trust Administrator

                      	 
	 	 	 	 
	
                         

                      	
                        By:
                          

                      	 	 
	 	 	
                        Authorized
                          Officer

                      	 
	 	 	 	 
	 	 	 	 

              

               

            

          

      

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    

    
       

      
        
          
            
              
                	 	
                        Wells
                          Fargo Bank, N.A., as Trust Administrator

                      	 
	 	 	 	 
	
                         

                      	
                        By:
                          

                      	 	 
	 	 	
                        Authorized
                          Signatory

                      	 
	 	 	 	 
	 	 	 	 

              

               

            

          

        

      

    

    
 

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

    

     

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

     

     

    EXHIBIT
      A-10

     

    FORM
      OF
      CLASS M-5 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 IS SUBORDINATE TO THE CLASS A CERTIFICATES,  THE CLASS M-1
      CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES AND THE
      CLASS M-4 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING
      AGREEMENT REFERRED TO HEREIN.

     

    EACH
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
      OF
      1974, AS AMENDED, OR SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS DESCRIBED HEREIN.

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class M-5 Certificates as of
                the
                Issue Date: $16,980,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $16,980,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	 	
              CUSIP:
                17313B AK7

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

     

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class M-5 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      M-5 Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class M-5 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Each
      transferee of this Certificate who is a Plan subject to ERISA or Section 4975
      of
      the Code, a Person acting, directly or indirectly, on behalf of any such Plan
      or
      a Person using "Plan Assets" to acquire this Certificate shall be deemed to
      have
      made the representations in Section 5.02(b) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

     

    
      
        
          
            
              
                
                  	 	
                          Wells
                            Fargo Bank, N.A., as Trust Administrator

                        	 
	 	 	 	 
	
                           

                        	
                          By:
                            

                        	 	 
	 	 	
                          Authorized
                            Officer

                        	 
	 	 	 	 
	 	 	 	 

                

                 

              

            

        

      

    

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    

    
       

      
         

        
          
            
              
                
                  	 	
                          Wells
                            Fargo Bank, N.A., as Trust Administrator

                        	 
	 	 	 	 
	
                           

                        	
                          By:
                            

                        	 	 
	 	 	
                          Authorized
                            Signatory

                        	 
	 	 	 	 
	 	 	 	 

                

                 

              

            

        

      

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

    

     

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

     

     

    EXHIBIT
      A-11

     

    FORM
      OF
      CLASS M-6 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 IS SUBORDINATE TO THE CLASS A CERTIFICATES,  THE CLASS M-1
      CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS
      M-4 CERTIFICATES AND THE CLASS M-5 CERTIFICATES TO THE EXTENT DESCRIBED IN
      THE
      POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

     

    EACH
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
      OF
      1974, AS AMENDED, OR SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS DESCRIBED HEREIN.

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class M-6 Certificates as of
                the
                Issue Date: $12,882,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $12,882,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	 	
              CUSIP:
                17313B AL5

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

     

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class M-6 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      M-6 Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class M-6 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Each
      transferee of this Certificate who is a Plan subject to ERISA or Section 4975
      of
      the Code, a Person acting, directly or indirectly, on behalf of any such Plan
      or
      a Person using "Plan Assets" to acquire this Certificate shall be deemed to
      have
      made the representations in Section 5.02(b) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
       

      
        
          
            
              
                
                  
                    	 	
                            Wells
                              Fargo Bank, N.A., as Trust Administrator

                          	 
	 	 	 	 
	
                             

                          	
                            By:
                              

                          	 	 
	 	 	
                            Authorized
                              Officer

                          	 
	 	 	 	 
	 	 	 	 

                  

                   

                

              

            

          

        

      

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
       

      
        
          
            
              
                
                  
                    	 	
                            Wells
                              Fargo Bank, N.A., as Trust Administrator

                          	 
	 	 	 	 
	
                             

                          	
                            By:
                              

                          	 	 
	 	 	
                            Authorized
                              Signatory

                          	 
	 	 	 	 
	 	 	 	 

                  

                   

                

              

          

        

      

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

     

    
 

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

     

     

    EXHIBIT
      A-12

     

    FORM
      OF
      CLASS M-7 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 IS SUBORDINATE TO THE CLASS A CERTIFICATES,  THE CLASS M-1
      CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS
      M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES AND THE CLASS M-6 CERTIFICATES
      TO
      THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO
      HEREIN.

     

    EACH
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
      OF
      1974, AS AMENDED, OR SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS DESCRIBED HEREIN.

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class M-7 Certificates as of
                the
                Issue Date: $16,980,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $16,980,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	 	
              CUSIP:
                17313B AM3

            

    

     

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

     

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class M-7 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      M-7 Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class M-7 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Each
      transferee of this Certificate who is a Plan subject to ERISA or Section 4975
      of
      the Code, a Person acting, directly or indirectly, on behalf of any such Plan
      or
      a Person using "Plan Assets" to acquire this Certificate shall be deemed to
      have
      made the representations in Section 5.02(b) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

    

    
      
         

        
          
            
              
                
                  
                    
                      	 	
                              Wells
                                Fargo Bank, N.A., as Trust Administrator

                            	 
	 	 	 	 
	
                               

                            	
                              By:
                                

                            	 	 
	 	 	
                              Authorized
                                Officer

                            	 
	 	 	 	 
	 	 	 	 

                    

                     

                  

                

              

            

          

        

      

    

    
 

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    

    
      
         

        
          
            
              
                
                  
                    
                      	 	
                              Wells
                                Fargo Bank, N.A., as Trust Administrator

                            	 
	 	 	 	 
	
                               

                            	
                              By:
                                

                            	 	 
	 	 	
                              Authorized
                                Signatory

                            	 
	 	 	 	 
	 	 	 	 

                    

                     

                  

                

              

            

          

        

      

    

     

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

     

     

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

     

    EXHIBIT
      A-13

     

    FORM
      OF
      CLASS M-8 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 IS SUBORDINATE TO THE CLASS A CERTIFICATES,  THE CLASS M-1
      CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS
      M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES AND
      THE
      CLASS M-7 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING
      AGREEMENT REFERRED TO HEREIN.

     

    EACH
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
      OF
      1974, AS AMENDED, OR SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS DESCRIBED HEREIN.

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class M-8 Certificates as of
                the
                Issue Date: $14,638,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $14,638,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	 	
              CUSIP:
                17313B AN1

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

     

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class M-8 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      M-8 Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class M-8 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Each
      transferee of this Certificate who is a Plan subject to ERISA or Section 4975
      of
      the Code, a Person acting, directly or indirectly, on behalf of any such Plan
      or
      a Person using "Plan Assets" to acquire this Certificate shall be deemed to
      have
      made the representations in Section 5.02(b) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
      
         

        
          
            
              
                
                  
                    
                      	 	
                              Wells
                                Fargo Bank, N.A., as Trust Administrator

                            	 
	 	 	 	 
	
                               

                            	
                              By:
                                

                            	 	 
	 	 	
                              Authorized
                                Officer

                            	 
	 	 	 	 
	 	 	 	 

                    

                     

                  

                

              

            

          

        

      

    

     

    

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    
      
         

        
          
            
              
                
                  
                    
                      	 	
                              Wells
                                Fargo Bank, N.A., as Trust Administrator

                            	 
	 	 	 	 
	
                               

                            	
                              By:
                                

                            	 	 
	 	 	
                              Authorized
                                Signatory

                            	 
	 	 	 	 
	 	 	 	 

                    

                     

                  

                

              

            

          

        

      

    

     

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

    

     

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

     

     

    EXHIBIT
      A-14

     

    FORM
      OF
      CLASS M-9 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 IS SUBORDINATE TO THE CLASS A CERTIFICATES,  THE CLASS M-1
      CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS
      M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE
      CLASS M-7 CERTIFICATES AND THE CLASS M-8 CERTIFICATES TO THE EXTENT DESCRIBED
      IN
      THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

     

    EACH
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
      OF
      1974, AS AMENDED, OR SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS DESCRIBED HEREIN.

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class M-9 Certificates as of
                the
                Issue Date: $22,836,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $22,836,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	 	
              CUSIP:
                17313B AP6

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

     

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class M-9 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      M-9 Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class M-9 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Each
      transferee of this Certificate who is a Plan subject to ERISA or Section 4975
      of
      the Code, a Person acting, directly or indirectly, on behalf of any such Plan
      or
      a Person using "Plan Assets" to acquire this Certificate shall be deemed to
      have
      made the representations in Section 5.02(b) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
      
         

        
          
            
              
                
                  
                    
                      	 	
                              Wells
                                Fargo Bank, N.A., as Trust Administrator

                            	 
	 	 	 	 
	
                               

                            	
                              By:
                                

                            	 	 
	 	 	
                              Authorized
                                Officer

                            	 
	 	 	 	 
	 	 	 	 

                    

                     

                  

                

              

            

          

        

      

    

     

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    

    
      
         

        
          
            
              
                
                  
                    
                      	 	
                              Wells
                                Fargo Bank, N.A., as Trust Administrator

                            	 
	 	 	 	 
	
                               

                            	
                              By:
                                

                            	 	 
	 	 	
                              Authorized
                                Signatory

                            	 
	 	 	 	 
	 	 	 	 

                    

                     

                  

                

              

            

          

        

      

     

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

     

    
 

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

     

     

    EXHIBIT
      A-15

     

    FORM
      OF
      CLASS M-10 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 IS SUBORDINATE TO THE CLASS A CERTIFICATES,  THE CLASS M-1
      CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS
      M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE
      CLASS M-7 CERTIFICATES, THE CLASS M-8 CERTIFICATES AND THE CLASS M-9
      CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT
      REFERRED TO HEREIN.

     

    EACH
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
      OF
      1974, AS AMENDED, OR SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS DESCRIBED HEREIN.

     

    

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class M-10 Certificates as of
                the
                Issue Date: $21,664,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $21,664,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	 	
              CUSIP:
                17313B AQ4

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

     

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class M-10 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      M-10 Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class M-10 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Each
      transferee of this Certificate who is a Plan subject to ERISA or Section 4975
      of
      the Code, a Person acting, directly or indirectly, on behalf of any such Plan
      or
      a Person using "Plan Assets" to acquire this Certificate shall be deemed to
      have
      made the representations in Section 5.02(b) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
      
         

        
          
            
              
                
                  
                    
                      	 	
                              Wells
                                Fargo Bank, N.A., as Trust Administrator

                            	 
	 	 	 	 
	
                               

                            	
                              By:
                                

                            	 	 
	 	 	
                              Authorized
                                Officer

                            	 
	 	 	 	 
	 	 	 	 

                    

                     

                  

                

              

            

          

        

      

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    

    
      
         

        
          
            
              
                
                  
                    
                      	 	
                              Wells
                                Fargo Bank, N.A., as Trust Administrator

                            	 
	 	 	 	 
	
                               

                            	
                              By:
                                

                            	 	 
	 	 	
                              Authorized
                                Signatory

                            	 
	 	 	 	 
	 	 	 	 

                    

                     

                     

                  

                

              

            

          

        

      

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

    

     

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

     

     

    EXHIBIT
      A-16

     

    FORM
      OF
      CLASS M-11 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST
      ADMINISTRATOR  OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR
      PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
      OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
      OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
      AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 IS SUBORDINATE TO THE CLASS A CERTIFICATES,  THE CLASS M-1
      CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS
      M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE
      CLASS M-7 CERTIFICATES, THE CLASS M-8 CERTIFICATES, THE CLASS M-9
      CERTIFICATES  AND THE CLASS M-10 CERTIFICATES TO THE EXTENT DESCRIBED
      IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

     

    EACH
      TRANSFEREE OF THIS CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER
      RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
      OF
      1974, AS AMENDED, OR SECTION 4975 OF THE CODE WILL BE DEEMED TO HAVE MADE THE
      REPRESENTATIONS DESCRIBED HEREIN.

     

    

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class M-11 Certificates as of
                the
                Issue Date: $9,369,000.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $9,369,000.00

            
	 	 
	
              Cut-off Date and date of Pooling and
                Servicing Agreement: June 1, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	 	
              CUSIP:
                17313B AR2

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

     

    ASSET-BACKED  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class M-11 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      M-11 Certificates in the REMIC created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class M-11 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the pendency of
      such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Trust Administrator for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder's attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Each
      transferee of this Certificate who is a Plan subject to ERISA or Section 4975
      of
      the Code, a Person acting, directly or indirectly, on behalf of any such Plan
      or
      a Person using "Plan Assets" to acquire this Certificate shall be deemed to
      have
      made the representations in Section 5.02(b) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

    

    
       

      
        
           

          
            
              
                
                  
                    
                      
                        	 	
                                Wells
                                  Fargo Bank, N.A., as Trust Administrator

                              	 
	 	 	 	 
	
                                 

                              	
                                By:
                                  

                              	 	 
	 	 	
                                Authorized
                                  Officer

                              	 
	 	 	 	 
	 	 	 	 

                      

                       

                    

                  

                

              

            

          

        

      

    

     

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      
         

        
          
            
              
                
                  
                    
                      	 	
                              Wells
                                Fargo Bank, N.A., as Trust Administrator

                            	 
	 	 	 	 
	
                               

                            	
                              By:
                                

                            	 	 
	 	 	
                              Authorized
                                Signatory

                            	 
	 	 	 	 
	 	 	 	 

                    

                     

                  

                

              

            

          

        

      

    

     

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

    

     

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

     

     

    EXHIBIT
      A-17

     

    FORM
      OF
      CLASS CE-1 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 IS SUBORDINATE TO THE CLASS A CERTIFICATES AND THE MEZZANINE
      CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT
      REFERRED TO HEREIN.

     

    THIS
      CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD
      OR
      TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD
      OR
      TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT
      AND
      UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS
      OF SECTION 5.02 OF THE AGREEMENT.

     

    NO
      TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
      ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS
      AMENDED, OR SECTION 4975 OF THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE
      WITH THE PROCEDURES DESCRIBED HEREIN.

     

    
      	
              Series:
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class CE-1 Certificates as of
                the
                Issue Date: $62,066,193.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $[__]

            
	 	 
	
              Cut-off
                Date and date of Pooling and Servicing Agreement: June 1,
                2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer: Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator: Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                [__]

            	
              Trustee:
                U.S. Bank National Association

            
	 	 
	
              Aggregate
                Notional Amount of the Class

               

              CE-1
                Certificates as of the Issue Date: $1,171,049,193.00

               

              Denomination:
                $[__]

               

            	
              Issue
                Date: June 29, 2007

               

              CUSIP:  17313B
                AT 8

            

    

    

    THE
      OUTSTANDING CERTIFICATE PRINCIPAL BALANCE OR NOTIONAL AMOUNT HEREOF AT ANY
      TIME
      MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE INITIAL CERTIFICATE PRINCIPAL
      BALANCE OR NOTIONAL AMOUNT, AS THE CASE MAY BE, OF THIS
      CERTIFICATE.

     

     

    ASSET
      BACKED PASS-THROUGH CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family, fixed-rate
      and adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede &
Co. is the registered owner
      of a Percentage Interest (obtained by
      dividing the denomination of this Certificate by the aggregate Certificate
      Principal Balance of the Class CE-1 Certificates as of the Issue Date) in that
      certain beneficial ownership interest evidenced by all the Class CE-1
      Certificates in REMIC IV created pursuant to a Pooling and Servicing Agreement,
      dated as specified above (the “Agreement”), among Citigroup Mortgage Loan Trust
      Inc. (hereinafter called the “Depositor,” which term includes any successor
      entity under the Agreement), the Master Servicer, the Servicer, the Trust
      Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class CE-1 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator  by wire transfer in
      immediately available funds to the account of the Person entitled thereto if
      such Person shall have so notified the Trust Administrator in writing at least
      five Business Days prior to the Record Date immediately prior to such
      Distribution Date or otherwise by check mailed by first class mail 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 by the Trust Administrator of
      the
      pendency of such distribution and only upon presentation and surrender of this
      Certificate at the office or agency appointed by the Trust Administrator for
      that purpose as provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder’s attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    No
      transfer of this Certificate shall be made unless the transfer is made pursuant
      to an effective registration statement under the Securities Act of 1933, as
      amended (the “1933 Act”), and an effective registration or qualification under
      applicable state securities laws, or is made in a transaction that does not
      require such registration or qualification. In the event that such a transfer
      of
      this Certificate is to be made without registration or qualification, the Trust
      Administrator shall require receipt of (i) if such transfer is purportedly
      being
      made in reliance upon Rule 144A under the 1933 Act, written certifications
      from
      the Holder of the Certificate desiring to effect the transfer, and from such
      Holder’s prospective transferee, substantially in the forms attached to the
      Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel
      satisfactory to it that such transfer may be made without such registration
      or
      qualification (which Opinion of Counsel shall not be an expense of the Trust
      Fund or of the Depositor, the Trustee or the Master Servicer, the Trust
      Administrator or the Servicer in their respective capacities as such), together
      with copies of the written certification(s) of the Holder of the Certificate
      desiring to effect the transfer and/or such Holder’s prospective transferee upon
      which such Opinion of Counsel is based. None of the Depositor or the Trust
      Administrator is obligated to register or qualify the Class of Certificates
      specified on the face hereof under the 1933 Act or any other securities law
      or
      to take any action not otherwise required under the Agreement to permit the
      transfer of such Certificates without registration or qualification. Any Holder
      desiring to effect a transfer of this Certificate shall be required to indemnify
      the Trustee, the Trust Administrator, the Depositor, the Master Servicer, the
      Servicer and any Sub-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.

     

    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(b) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	 	
                                  Wells
                                    Fargo Bank, N.A., as Trust Administrator

                                	 
	 	 	 	 
	
                                   

                                	
                                  By:
                                    

                                	 	 
	 	 	
                                  Authorized
                                    Officer

                                	 
	 	 	 	 
	 	 	 	 

                        

                         

                      

                    

                  

                

              

            

          

        

      

    

     

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    

    
      
         

        
          
             

            
              
                
                  
                    
                      
                        
                          	 	
                                  Wells
                                    Fargo Bank, N.A., as Trust Administrator

                                	 
	 	 	 	 
	
                                   

                                	
                                  By:
                                    

                                	 	 
	 	 	
                                  Authorized
                                    Signatory

                                	 
	 	 	 	 
	 	 	 	 

                        

                         

                      

                    

                  

                

              

            

          

        

      

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

    

     

     

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

     

    
 

    EXHIBIT
      A-18

    

    FORM
      OF
      CLASS CE-2 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD
      OR
      TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD
      OR
      TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT
      AND
      UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS
      OF SECTION 5.02 OF THE AGREEMENT.

     

    NO
      TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
      ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS
      AMENDED, OR SECTION 4975 OF THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE
      WITH THE PROCEDURES DESCRIBED HEREIN.

     

    
      	
              Series:
                2007-AMC

            	
              Aggregate
                Certificate Principal Balance of the Class CE-2 Certificates as of
                the
                Issue Date: $0.00

            
	 	 
	
              Pass-Through
                Rate: Variable

            	
              Denomination:
                $0.00

            
	 	 
	
              Cut-off
                Date and date of Pooling and Servicing Agreement: June 1,
                2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Master
                Servicer: Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trust
                Administrator: Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trustee:
                U.S. Bank National Association

            
	 	 
	
              Aggregate
                Notional Amount of the Class

               

              CE-2
                Certificates as of the Issue Date: $1,171,049,193.00

               

               

            	
              Issue
                Date: June 29, 2007

               

              CUSIP:  17313B
                9A 1

            

    

    

    THE
      OUTSTANDING CERTIFICATE PRINCIPAL BALANCE OR NOTIONAL AMOUNT HEREOF AT ANY
      TIME
      MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE INITIAL CERTIFICATE PRINCIPAL
      BALANCE OR NOTIONAL AMOUNT, AS THE CASE MAY BE, OF THIS
      CERTIFICATE.

     

     

    ASSET
      BACKED PASS-THROUGH CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family, fixed-rate
      and adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede &
Co. is the registered owner
      of a Percentage Interest (obtained by
      dividing the denomination of this Certificate by the aggregate Certificate
      Principal Balance of the Class CE-2 Certificates as of the Issue Date) in that
      certain beneficial ownership interest evidenced by all the Class CE-2
      Certificates in REMIC V created pursuant to a Pooling and Servicing Agreement,
      dated as specified above (the “Agreement”), among Citigroup Mortgage Loan Trust
      Inc. (hereinafter called the “Depositor,” which term includes any successor
      entity under the Agreement), the Master Servicer, the Servicer, the Trust
      Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class CE-2 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator  by wire transfer in
      immediately available funds to the account of the Person entitled thereto if
      such Person shall have so notified the Trust Administrator in writing at least
      five Business Days prior to the Record Date immediately prior to such
      Distribution Date or otherwise by check mailed by first class mail 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 by the Trust Administrator of
      the
      pendency of such distribution and only upon presentation and surrender of this
      Certificate at the office or agency appointed by the Trust Administrator for
      that purpose as provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder’s attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    No
      transfer of this Certificate shall be made unless the transfer is made pursuant
      to an effective registration statement under the Securities Act of 1933, as
      amended (the “1933 Act”), and an effective registration or qualification under
      applicable state securities laws, or is made in a transaction that does not
      require such registration or qualification. In the event that such a transfer
      of
      this Certificate is to be made without registration or qualification, the Trust
      Administrator shall require receipt of (i) if such transfer is purportedly
      being
      made in reliance upon Rule 144A under the 1933 Act, written certifications
      from
      the Holder of the Certificate desiring to effect the transfer, and from such
      Holder’s prospective transferee, substantially in the forms attached to the
      Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel
      satisfactory to it that such transfer may be made without such registration
      or
      qualification (which Opinion of Counsel shall not be an expense of the Trust
      Fund or of the Depositor, the Trustee or the Master Servicer, the Trust
      Administrator or the Servicer in their respective capacities as such), together
      with copies of the written certification(s) of the Holder of the Certificate
      desiring to effect the transfer and/or such Holder’s prospective transferee upon
      which such Opinion of Counsel is based. None of the Depositor or the Trust
      Administrator is obligated to register or qualify the Class of Certificates
      specified on the face hereof under the 1933 Act or any other securities law
      or
      to take any action not otherwise required under the Agreement to permit the
      transfer of such Certificates without registration or qualification. Any Holder
      desiring to effect a transfer of this Certificate shall be required to indemnify
      the Trustee, the Trust Administrator, the Depositor, the Master Servicer, the
      Servicer and any Sub-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.

     

    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(b) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	 	
                                    Wells
                                      Fargo Bank, N.A., as Trust Administrator

                                  	 
	 	 	 	 
	
                                     

                                  	
                                    By:
                                      

                                  	 	 
	 	 	
                                    Authorized
                                      Officer

                                  	 
	 	 	 	 
	 	 	 	 

                          

                           

                        

                      

                    

                  

                

              

            

          

        

      

       

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    

    
       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	 	
                                    Wells
                                      Fargo Bank, N.A., as Trust Administrator

                                  	 
	 	 	 	 
	
                                     

                                  	
                                    By:
                                      

                                  	 	 
	 	 	
                                    Authorized
                                      Signatory

                                  	 
	 	 	 	 
	 	 	 	 

                          

                           

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      
        	
                TEN
                  COM - as tenants in common

              	
                UNIF
                  GIFT MIN ACT - Custodian

              
	 	 
	
                TEN
                  ENT - as tenants by the entireties

              	
                (Cust)
                  (Minor) under

                Uniform
                  Gifts to Minors Act

              
	 	 
	
                JT
                  TEN - as joint tenants with right

                if
                  survivorship and not as

                tenants
                  in common

              	
                _______________

                (State)

              

      

    

     

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

              

      

    

     

    

     

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

     

     

     

    EXHIBIT
      A-19

     

    FORM
      OF
      CLASS P CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS 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 AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD
      OR
      TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD
      OR
      TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT
      AND
      UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS
      OF SECTION 5.02 OF THE AGREEMENT.

     

    NO
      TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
      ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS
      AMENDED, OR SECTION 4975 OF THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE
      WITH THE PROCEDURES DESCRIBED HEREIN.

     

    

     

    
      	
              Series:
                2007-AMC4

            	
              Aggregate
                Certificate Principal Balance of the Class P Certificates as of the
                Issue
                Date: $100.00

            
	 	 
	
              Cut-off
                Date and date of Pooling and Servicing Agreement: June 1,
                2007

            	
              Denomination:
                $[__]

            
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	 	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                [__]

            	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            
	 	 
	 	
              CUSIP:  17313B
                AS 0

            

    

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

     

    ASSET
      BACKED PASS-THROUGH CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, fixed-rate and
      adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Cede & Co.
is the registered owner
      of a Percentage Interest (obtained by dividing
      the denomination of this Certificate by the aggregate Certificate Principal
      Balance of the Class P Certificates as of the Issue Date) in that certain
      beneficial ownership interest evidenced by all the Class P Certificates in
      REMIC
      VI created pursuant to a Pooling and Servicing Agreement, dated as specified
      above (the “Agreement”), among Citigroup Mortgage Loan Trust Inc. (hereinafter
      called the “Depositor,” which term includes any successor entity under the
      Agreement), the Master Servicer, the Trust Administrator, the Servicer and
      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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class P Certificates on
      such
      Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator  by wire transfer in
      immediately available funds to the account of the Person entitled thereto if
      such Person shall have so notified the Trust Administrator in writing at least
      five Business Days prior to the Record Date immediately prior to such
      Distribution Date or otherwise by check mailed by first class mail 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 by the Trust Administrator of
      the
      pendency of such distribution and only upon presentation and surrender of this
      Certificate at the office or agency appointed by the Trust Administrator for
      that purpose as provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator and the Trustee and
      the
      rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder’s attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    No
      transfer of this Certificate shall be made unless the transfer is made pursuant
      to an effective registration statement under the Securities Act of 1933, as
      amended (the “1933 Act”), and an effective registration or qualification under
      applicable state securities laws, or is made in a transaction that does not
      require such registration or qualification. In the event that such a transfer
      of
      this Certificate is to be made without registration or qualification, the Trust
      Administrator shall require receipt of (i) if such transfer is purportedly
      being
      made in reliance upon Rule 144A under the 1933 Act, written certifications
      from
      the Holder of the Certificate desiring to effect the transfer, and from such
      Holder’s prospective transferee, substantially in the forms attached to the
      Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel
      satisfactory to it that such transfer may be made without such registration
      or
      qualification (which Opinion of Counsel shall not be an expense of the Trust
      Fund or of the Depositor, the Trustee or the Master Servicer, the Trust
      Administrator or the Servicer in their respective capacities as such), together
      with copies of the written certification(s) of the Holder of the Certificate
      desiring to effect the transfer and/or such Holder’s prospective transferee upon
      which such Opinion of Counsel is based. None of the Depositor or the Trust
      Administrator is obligated to register or qualify the Class of Certificates
      specified on the face hereof under the 1933 Act or any other securities law
      or
      to take any action not otherwise required under the Agreement to permit the
      transfer of such Certificates without registration or qualification. Any Holder
      desiring to effect a transfer of this Certificate shall be required to indemnify
      the Trustee, the Trust Administrator, the Depositor, the Master Servicer, the
      Servicer and any Sub-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.

     

    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(b) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
       

      
         

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	 	
                                      Wells
                                        Fargo Bank, N.A., as Trust Administrator

                                    	 
	 	 	 	 
	
                                       

                                    	
                                      By:
                                        

                                    	 	 
	 	 	
                                      Authorized
                                        Officer

                                    	 
	 	 	 	 
	 	 	 	 

                            

                             

                          

                        

                      

                    

                  

                

              

            

          

        

    

    CERTIFICATE
      OF AUTHENTICATION

    
 

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    

    
       

      
         

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	 	
                                      Wells
                                        Fargo Bank, N.A., as Trust Administrator

                                    	 
	 	 	 	 
	
                                       

                                    	
                                      By:
                                        

                                    	 	 
	 	 	
                                      Authorized
                                        Signatory

                                    	 
	 	 	 	 
	 	 	 	 

                            

                             

                             

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

     

    
 

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

     

     

    EXHIBIT
      A-20

     

    FORM
      OF
      CLASS R CERTIFICATE

     

    THIS
      CERTIFICATE MAY NOT BE TRANSFERRED TO A NON-UNITED STATES PERSON.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “RESIDUAL INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” (“REMIC”), AS THOSE TERMS ARE
      DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE
      OF
      1986, AS AMENDED (THE “CODE”).

     

    ANY
      RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
      IN
      ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT REFERRED TO
      HEREIN.

     

    THIS
      CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD
      OR
      TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD
      OR
      TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT
      AND
      UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS
      OF SECTION 5.02 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 WILL BE
      REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

     

    ANY
      RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
      IF
      THE PROPOSED TRANSFEREE PROVIDES (I) AN AFFIDAVIT TO THE TRUST
      ADMINISTRATOR  THAT (A) SUCH TRANSFEREE IS NOT (1) THE UNITED STATES
      OR ANY POSSESSION THEREOF, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY
      FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR
      INSTRUMENTALITY OF ANY OF THE FOREGOING, (2) ANY ORGANIZATION (OTHER THAN A
      COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) THAT 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, (3) ANY ORGANIZATION DESCRIBED IN SECTION
      1381(A)(2)(C) OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES
      (1), (2) OR (3) SHALL HEREINAFTER BE REFERRED TO AS A “DISQUALIFIED
      ORGANIZATION”) OR (4) AN AGENT OF A DISQUALIFIED ORGANIZATION AND (B) NO PURPOSE
      OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX, AND (II)
      SUCH
      TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL
      CONDITION OF THE PROPOSED TRANSFEREE.  NOTWITHSTANDING THE
      REGISTRATION IN THE CERTIFICATE REGISTER OF ANY TRANSFER, SALE OR OTHER
      DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT
      OF A
      DISQUALIFIED ORGANIZATION, 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 HEREOF SHALL BE DEEMED TO HAVE CONSENTED TO THE
      PROVISIONS OF THIS PARAGRAPH AND THE PROVISIONS OF SECTION 5.02(D) OF THE
      AGREEMENT REFERRED TO HEREIN.  ANY PERSON THAT IS A DISQUALIFIED
      ORGANIZATION IS PROHIBITED FROM ACQUIRING BENEFICIAL OWNERSHIP OF THIS
      CERTIFICATE.

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Percentage Interest of the Class R Certificates as of the Issue Date:
                100%

            
	 	 
	
              Cut-off
                Date and date of Pooling and Servicing Agreement: June 1,
                2007

            	 
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	 	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

     

    ASSET-BACKED
      PASS-THROUGH CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family, fixed-rate
      and adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Citigroup Global Markets Inc. is the registered owner of a
      Percentage Interest (obtained by dividing the denomination of this Certificate
      by the aggregate Certificate Principal Balance of the Class R Certificates
      as of
      the Issue Date) in that certain beneficial ownership interest evidenced by
      all
      the Class R Certificates created pursuant to a Pooling and Servicing Agreement,
      dated as specified above (the “Agreement”), among Citigroup Mortgage Loan Trust
      Inc. (hereinafter called the “Depositor,” which term includes any successor
      entity under the Agreement), the Master Servicer, the Servicer, the Trust
      Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class R Certificates on
      such
      Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the
      pendency of such distribution and only upon presentation and surrender of this
      Certificate at the office or agency appointed by the Trust Administrator for
      that purpose as provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing a Percentage Interest
      in the Class of Certificates equal to the denomination specified on the face
      hereof divided by the aggregate Certificate Principal Balance of the Class
      of
      Certificates specified on the face hereof.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator,  the Trustee,
      and the rights of the Certificateholders under the Agreement at any time by
      the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    Any
      resale, transfer or other disposition of this certificate may be made only
      in
      accordance with the provisions of section 5.02 of the agreement referred to
      herein.

     

    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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder’s attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    No
      transfer of this Certificate shall be made unless the transfer is made pursuant
      to an effective registration statement under the Securities Act of 1933, as
      amended (the “1933 Act”), and an effective registration or qualification under
      applicable state securities laws, or is made in a transaction that does not
      require such registration or qualification. In the event that such a transfer
      of
      this Certificate is to be made without registration or qualification, the Trust
      Administrator shall require receipt of (i) if such transfer is purportedly
      being
      made in reliance upon Rule 144A under the 1933 Act, written certifications
      from
      the Holder of the Certificate desiring to effect the transfer, and from such
      Holder’s prospective transferee, substantially in the forms attached to the
      Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel
      satisfactory to it that such transfer may be made without such registration
      or
      qualification (which Opinion of Counsel shall not be an expense of the Trust
      Fund or of the Depositor, the Trustee, the Trust Administrator, the Master
      Servicer or the Servicer in their respective capacities as such), together
      with
      copies of the written certification(s) of the Holder of the Certificate desiring
      to effect the transfer and/or such Holder’s prospective transferee upon which
      such Opinion of Counsel is based. None of the Depositor or the Trust
      Administrator is obligated to register or qualify the Class of Certificates
      specified on the face hereof under the 1933 Act or any other securities law
      or
      to take any action not otherwise required under the Agreement to permit the
      transfer of such Certificates without registration or qualification. Any Holder
      desiring to effect a transfer of this Certificate shall be required to indemnify
      the Trustee, the Trust Administrator, the Depositor, the Master Servicer, the
      Servicer and any Sub-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.

     

    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(b) of the Agreement.

     

    Prior
      to
      registration of any transfer, sale or other disposition of this Certificate,
      the
      proposed transferee shall provide to the Trust Administrator (i) an affidavit
      to
      the effect that such transferee is any Person other than a Disqualified
      Organization or the agent (including a broker, nominee or middleman) of a
      Disqualified Organization, and (ii) a certificate that acknowledges that (A)
      the
      Class R Certificates have been designated as a residual interest in REMIC I,
      REMIC II and REMIC III, (B) it will include in its income a pro rata share
      of
      the net income of the Trust Fund and that such income may be an “excess
      inclusion,” as defined in the Code, that, with certain exceptions, cannot be
      offset by other losses or benefits from any tax exemption, and (C) it expects
      to
      have the financial means to satisfy all of its tax obligations including those
      relating to holding the Class R Certificates. Notwithstanding the registration
      in the Certificate Register of any transfer, sale or other disposition of this
      Certificate to a Disqualified Organization or an agent (including a broker,
      nominee or middleman) of a Disqualified Organization, 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, including, but not limited
      to,
      the receipt of distributions in respect of this Certificate.

     

    The
      Holder of this Certificate, by its acceptance hereof, shall be deemed to have
      consented to the provisions of Section 5.02 of the Agreement and to any
      amendment of the Agreement deemed necessary by counsel of the Depositor to
      ensure that the transfer of this Certificate to any Person other than a
      Permitted Transferee or any other Person will not cause the Trust Fund to cease
      to qualify as a REMIC or cause the imposition of a tax upon any
      REMIC.

     

    No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	 	
                                      Wells
                                        Fargo Bank, N.A., as Trust Administrator

                                    	 
	 	 	 	 
	
                                       

                                    	
                                      By:
                                        

                                    	 	 
	 	 	
                                      Authorized
                                        Officer

                                    	 
	 	 	 	 
	 	 	 	 

                            

                             

                             

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
       

      
         

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	 	
                                      Wells
                                        Fargo Bank, N.A., as Trust Administrator

                                    	 
	 	 	 	 
	
                                       

                                    	
                                      By:
                                        

                                    	 	 
	 	 	
                                      Authorized
                                        Signatory

                                    	 
	 	 	 	 
	 	 	 	 

                            

                             

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

     

    
 

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

     

     

    
 

    EXHIBIT
      A-21

     

    FORM
      OF
      CLASS R-X CERTIFICATE

     

    THIS
      CERTIFICATE MAY NOT BE TRANSFERRED TO A NON-UNITED STATES PERSON.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “RESIDUAL INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” (“REMIC”), AS THOSE TERMS ARE
      DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE
      OF
      1986, AS AMENDED (THE “CODE”).

     

    ANY
      RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
      IN
      ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT REFERRED TO
      HEREIN.

     

    THIS
      CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD
      OR
      TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD
      OR
      TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT
      AND
      UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS
      OF SECTION 5.02 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 WILL BE
      REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

     

    ANY
      RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
      IF
      THE PROPOSED TRANSFEREE PROVIDES (I) AN AFFIDAVIT TO THE TRUST
      ADMINISTRATOR  THAT (A) SUCH TRANSFEREE IS NOT (1) THE UNITED STATES
      OR ANY POSSESSION THEREOF, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY
      FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR
      INSTRUMENTALITY OF ANY OF THE FOREGOING, (2) ANY ORGANIZATION (OTHER THAN A
      COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) THAT 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, (3) ANY ORGANIZATION DESCRIBED IN SECTION
      1381(A)(2)(C) OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES
      (1), (2) OR (3) SHALL HEREINAFTER BE REFERRED TO AS A “DISQUALIFIED
      ORGANIZATION”) OR (4) AN AGENT OF A DISQUALIFIED ORGANIZATION AND (B) NO PURPOSE
      OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX, AND (II)
      SUCH
      TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL
      CONDITION OF THE PROPOSED TRANSFEREE.  NOTWITHSTANDING THE
      REGISTRATION IN THE CERTIFICATE REGISTER OF ANY TRANSFER, SALE OR OTHER
      DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT
      OF A
      DISQUALIFIED ORGANIZATION, 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 HEREOF SHALL BE DEEMED TO HAVE CONSENTED TO THE
      PROVISIONS OF THIS PARAGRAPH AND THE PROVISIONS OF SECTION 5.02(D) OF THE
      AGREEMENT REFERRED TO HEREIN.  ANY PERSON THAT IS A DISQUALIFIED
      ORGANIZATION IS PROHIBITED FROM ACQUIRING BENEFICIAL OWNERSHIP OF THIS
      CERTIFICATE.

     

    
      	
              Series
                2007-AMC4

            	
              Aggregate
                Percentage Interest of the Class R-X Certificates as of the Issue
                Date:
                100%

            
	 	 
	
              Cut-off
                Date and date of Pooling and Servicing Agreement: June 1,
                2007

            	 
	 	 
	
              First
                Distribution Date: July 25, 2007

            	
              Servicer:  Ameriquest
                Mortgage Company

            
	 	 
	 	
              Master
                Servicer:  Wells Fargo Bank, N.A.

            
	 	 
	
              No.
                1

            	
              Trust
                Administrator:  Wells Fargo Bank, N.A.

            
	 	 
	 	
              Trustee:
                U.S. Bank National Association

            
	 	 
	 	
              Issue
                Date: June 29, 2007

            

    

     

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    ASSET-BACKED
      PASS-THROUGH CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family, fixed-rate
      and adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and
      sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE
      TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR
      THE
      UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF
      THE
      UNITED STATES.

     

    This
      certifies that Citigroup Global Markets Inc. is the registered owner of a
      Percentage Interest (obtained by dividing the denomination of this Certificate
      by the aggregate Certificate Principal Balance of the Class R-X Certificates
      as
      of the Issue Date) in that certain beneficial ownership interest evidenced
      by
      all the Class R-X Certificates created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Servicer, the
      Trust Administrator and 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, distributions 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 (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class R-X Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Trust Administrator by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Trust Administrator in writing at least five Business
      Days prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail 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 by the Trust Administrator of the
      pendency of such distribution and only upon presentation and surrender of this
      Certificate at the office or agency appointed by the Trust Administrator for
      that purpose as provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset-Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing a Percentage Interest
      in the Class of Certificates equal to the denomination specified on the face
      hereof divided by the aggregate Certificate Principal Balance of the Class
      of
      Certificates specified on the face hereof.

     

    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. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Servicer, the Trust Administrator,  the Trustee,
      and the rights of the Certificateholders under the Agreement at any time by
      the
      Depositor, the Master Servicer, the Servicer, the Trust Administrator and the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. 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 this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    Any
      resale, transfer or other disposition of this certificate may be made only
      in
      accordance with the provisions of section 5.02 of the agreement referred to
      herein.

     

    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 Trust Administrator as provided in the Agreement,
      duly
      endorsed by, or accompanied by an assignment in the form below or other written
      instrument of transfer in form satisfactory to the Trust Administrator duly
      executed by, the Holder hereof or such Holder’s attorney duly authorized in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same 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
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    No
      transfer of this Certificate shall be made unless the transfer is made pursuant
      to an effective registration statement under the Securities Act of 1933, as
      amended (the “1933 Act”), and an effective registration or qualification under
      applicable state securities laws, or is made in a transaction that does not
      require such registration or qualification. In the event that such a transfer
      of
      this Certificate is to be made without registration or qualification, the Trust
      Administrator shall require receipt of (i) if such transfer is purportedly
      being
      made in reliance upon Rule 144A under the 1933 Act, written certifications
      from
      the Holder of the Certificate desiring to effect the transfer, and from such
      Holder’s prospective transferee, substantially in the forms attached to the
      Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel
      satisfactory to it that such transfer may be made without such registration
      or
      qualification (which Opinion of Counsel shall not be an expense of the Trust
      Fund or of the Depositor, the Trustee, the Trust Administrator, the Master
      Servicer or the Servicer in their respective capacities as such), together
      with
      copies of the written certification(s) of the Holder of the Certificate desiring
      to effect the transfer and/or such Holder’s prospective transferee upon which
      such Opinion of Counsel is based. None of the Depositor or the Trust
      Administrator is obligated to register or qualify the Class of Certificates
      specified on the face hereof under the 1933 Act or any other securities law
      or
      to take any action not otherwise required under the Agreement to permit the
      transfer of such Certificates without registration or qualification. Any Holder
      desiring to effect a transfer of this Certificate shall be required to indemnify
      the Trustee, the Trust Administrator, the Depositor, the Master Servicer, the
      Servicer and any Sub-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.

     

    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(b) of the Agreement.

     

    Prior
      to
      registration of any transfer, sale or other disposition of this Certificate,
      the
      proposed transferee shall provide to the Trust Administrator (i) an affidavit
      to
      the effect that such transferee is any Person other than a Disqualified
      Organization or the agent (including a broker, nominee or middleman) of a
      Disqualified Organization, and (ii) a certificate that acknowledges that (A)
      the
      Class R-X Certificates have been designated as a residual interest in REMIC
      IV,
      REMIC V, REMIC VI and REMIC VII, (B) it will include in its income a pro rata
      share of the net income of the Trust Fund and that such income may be an “excess
      inclusion,” as defined in the Code, that, with certain exceptions, cannot be
      offset by other losses or benefits from any tax exemption, and (C) it expects
      to
      have the financial means to satisfy all of its tax obligations including those
      relating to holding the Class R-X Certificates. Notwithstanding the registration
      in the Certificate Register of any transfer, sale or other disposition of this
      Certificate to a Disqualified Organization or an agent (including a broker,
      nominee or middleman) of a Disqualified Organization, 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, including, but not limited
      to,
      the receipt of distributions in respect of this Certificate.

     

    The
      Holder of this Certificate, by its acceptance hereof, shall be deemed to have
      consented to the provisions of Section 5.02 of the Agreement and to any
      amendment of the Agreement deemed necessary by counsel of the Depositor to
      ensure that the transfer of this Certificate to any Person other than a
      Permitted Transferee or any other Person will not cause the Trust Fund to cease
      to qualify as a REMIC or cause the imposition of a tax upon any
      REMIC.

     

    No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Trust Administrator may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, the Trustee and any
      agent of the Depositor, the Master Servicer, the Trust Administrator or the
      Trustee may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Master Servicer,
      the Trust Administrator, the Trustee nor any such agent shall be affected by
      notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate in accordance with Section 9.01.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trust Administrator assumes no responsibility for their
      correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Trust
      Administrator, by manual signature, this Certificate shall not be entitled
      to
      any benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be
      duly
      executed.

    

    Dated:
      June ___, 2007

     

    
       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	 	
                                        Wells
                                          Fargo Bank, N.A., as Trust Administrator

                                      	 
	 	 	 	 
	
                                         

                                      	
                                        By:
                                          

                                      	 	 
	 	 	
                                        Authorized
                                          Officer

                                      	 
	 	 	 	 
	 	 	 

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

    

     

    
       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	 	
                                        Wells
                                          Fargo Bank, N.A., as Trust Administrator

                                      	 
	 	 	 	 
	
                                         

                                      	
                                        By:
                                          

                                      	 	 
	 	 	
                                        Authorized
                                          Signatory

                                      	 
	 	 	 	 
	 	 	 

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

     

     

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 
	
              TEN
                ENT - as tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

            	
              _______________

              (State)

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ______________________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset-Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trust Administrator to issue a new Certificate of a like
      Percentage Interest 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

            

    

     

     

    
 

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to_________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

     

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

     

     

    
 

    EXHIBIT
      B

     

    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 Trust
      Administrator pursuant to Section 4.07(a).  If the Trust Administrator
      is indicated below as to any item, then the Trust Administrator 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 Monthly Statement under Section 4.02, provided by the Trust
      Administrator based on information received from the 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

              
	
                (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 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.

              	
                4.02
                  statement

              
	
                (12)
                  Material breaches of pool asset representations or warranties or
                  transaction covenants.

              	
                Form
                  10-D report:

                Trust
                  Administrator, Depositor

              
	
                (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

                Issuing
                  entity

                Master
                  Servicer

                Originator

                Custodian

                Servicer

              	
                (i)
                  All parties to the Pooling and Servicing Agreement (as to themselves),
                  (ii) the Trustee, Master Servicer and Depositor as to the Issuing
                  entity
                  and (iii) the Depositor as to the Sponsor, any 1110(b) originator
                  and any
                  1100(d)(i) party

                 

              
	
                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)

              	
                 

                 

                 

                Trust
                  Administrator

              
	
                5

              	
                Submission
                  of Matters to a Vote of Security Holders

              	 
	
                Information
                  from Item 4 of Part II of Form 10-Q

              	
                Trustee,
                  Trust Administrator

              
	
                6

              	
                Significant
                  Obligors of Pool Assets

              	 
	
                Item
                  1112(b) –Significant Obligor Financial
                  Information*

              	
                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
                  Item.

              	 
	
                7

              	
                Significant
                  Enhancement Provider Information

              	 
	
                Item
                  1114(b)(2) – Credit Enhancement Provider Financial
                  Information*

                Determining
                  applicable disclosure threshold

                Requesting
                  required financial information or effecting incorporation by
                  reference

              	
                 

                Trust
                  Administrator Depositor

              
	
                Item
                  1115(b) – Derivative Counterparty Financial Information*

                Determining
                  current maximum probable exposure

                Determining
                  current significance percentage

                Requesting
                  required financial information or effecting incorporation by
                  reference

              	
                 

                Depositor

                Trust
                  Administrator

                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

              	
                Trust
                  Administrator

              
	
                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,
                  Servicer, Master Servicer, Custodian, Trust
                  Administrator

              
	
                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,
                  Servicer, Master Servicer, Custodian, Trust
                  Administrator

              
	
                1.03

              	
                Bankruptcy
                  or Receivership

              	 
	
                Disclosure
                  is required regarding the bankruptcy or receivership, if known
                  to the
                  Master Servicer, with respect to any of the following:

                Sponsor
                  (Seller), Depositor, Master Servicer, Trustee, Cap Provider,
                  Custodian

              	
                Depositor,
                  Servicer, Master Servicer, Custodian, Trust Administrator, Trustee
                  (as to
                  itself)

              
	
                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

              	
                Depositor/
                  Trust Administrator

              
	
                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

              	
                Trust
                  Administrator

              
	
                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.

              	
                Depositor

              
	
                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.

                Requesting
                  Regulation AB disclosure about any new enhancement or effecting
                  incorporation by reference

              	
                Trust
                  Administrator

                 

                 

                 

                Depositor

              
	
                6.04

              	
                Failure
                  to Make a Required Distribution

              	
                Trust
                  Administrator

              
	
                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 Regulation 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, other than the
                  Trustee

              
	
                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

                Requesting
                  required financial information or effecting incorporation by
                  reference

              	
                 

                 

                Trust
                  Administrator Depositor

              
	
                Item
                  1115(b) – Derivative Counterparty Financial Information

                Determining
                  current maximum probable exposure

                Determining
                  current significance percentage

                Requesting
                  required financial information or effecting incorporation by
                  reference

              	
                Depositor

                Trust
                  Administrator

                 

                 

              
	
                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

                Servicer

              	
                Seller

                Depositor

                Trustee

                Master
                  Servicer

                Custodian

                Servicer

              
	
                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

                Servicer

                Originator

                Custodian

                Credit
                  Enhancer/Support Provider, if any

                Significant
                  Obligor, if any

              	
                 (i)
                  All parties to the Pooling and Servicing Agreement (as to themselves),
                  (ii) the Depositor as to the Sponsor, Originator, Significant Obligor,
                  Credit Enhancer/Support Provider and (iii) the Depositor as to
                  the Issuing
                  entity

                 

                 

              
	
                Item
                  1122 – Assessment of Compliance with Servicing
                  Criteria

              	
                Master
                  Servicer

                Trust
                  Administrator

                Custodian

                Servicer

              
	
                Item
                  1123 –Servicer Compliance Statement

              	
                Master
                  Servicer

                Trust
                  Administrator

                Servicer

              

      

     

    EXHIBIT
      C

     

    SERVICING
      CRITERIA TO BE ADDRESSED

    IN
      ASSESSMENT OF COMPLIANCE

    

    Definitions

    Primary
      Servicer – transaction party having borrower contact

    Master
      Servicer – aggregator of pool assets

    Trust
      Administrator – waterfall calculator (may be the Trustee, or may be the Master
      Servicer)

    Back-up
      Servicer – named in the transaction (in the event a Back up Servicer becomes the
      Primary Servicer, follow Primary Servicer obligations)

    Custodian
      – safe keeper of pool assets

    Paying
      Agent – distributor of funds to ultimate investor (Trust Administrator performs
      this function)

    Trustee
–
      fiduciary of the transaction

    

    Note:  The
      definitions above describe the essential function that the party performs,
      rather than the party’s title.  So, for example, in a particular
      transaction, the trustee may perform the “paying agent” and “trust
      administrator” functions, while in another transaction, the trust administrator
      may perform these functions.

    

    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

              	
                Primary
                  Servicer

              	
                Wells
                  Fargo Bank, N.A. as Master Servicer and Trust
                  Administrator

              
	 	
                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

              	 
	
                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

              	
                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

              	 
	
                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

              	
                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

              	 
	
                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

              	 
	
                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.

              	
                X

              	 	 
	
                1122(d)(4)(ii)

              	
                Pool
                  assets  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 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

              	 	 
	
                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).

              	
                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

              	 	 
	
                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

              	 	 
	
                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

              	 

      

      
 

      ____________ 

    

    
      * Subject
        to clarification from the
        SEC.

    

     

     

    EXHIBIT
      D

     

    FORM
      OF
      MORTGAGE LOAN PURCHASE AGREEMENT

     

    MORTGAGE
      LOAN PURCHASE AGREEMENT

     

    This
      is a
      Mortgage Loan Purchase Agreement (the “Agreement”), dated June 14, 2007, between
      Citigroup Mortgage Loan Trust Inc., a Delaware corporation (the “Purchaser”),
      and Citigroup Global Markets Realty Corp., a New York corporation (the
“Seller”).

     

    Preliminary
      Statement

     

    The
      Seller intends to sell the Mortgage Loans (as hereinafter defined) to the
      Purchaser on the terms and subject to the conditions set forth in this
      Agreement. The Purchaser intends to deposit the Mortgage Loans into a mortgage
      pool comprising the trust fund. The trust fund will be evidenced by a single
      series of mortgage pass-through certificates designated as Series 2007-AMC4
      (the
“Certificates”).  The Certificates will consist of twenty-one classes
      of certificates.  The Certificates will be issued pursuant to a
      Pooling and Servicing Agreement, dated as of June 1, 2007 (the “Pooling and
      Servicing Agreement”), among the Purchaser as depositor (the “Depositor”), Ameriquest Mortgage Company
      as
      servicer (the “Servicer”), Wells Fargo Bank, N.A. as master servicer and trust
      administrator (the “Master Servicer” and the “Trust Administrator”) and U.S.
      Bank National Association as trustee (the “Trustee”).  Capitalized
      terms used but not defined herein shall have the meanings set forth in the
      Pooling and Servicing Agreement.

     

    The
      parties hereto agree as follows:

     

    SECTION
      1.  Agreement
      to Purchase. The Seller agrees to sell, and the Purchaser agrees to
      purchase, on or before June 29, 2007 (the “Closing Date”), certain conventional
      residential mortgage loans (the “Mortgage Loans”) originated by Argent Mortgage Company, L.L.C.
      (“Argent”) and Ameriquest Mortgage Company (“Ameriquest”; together with
      Argent, the “Originators”), having an aggregate principal balance as of
      the close of business on June 1, 2007 (the “Cut-off Date”) of
      $1,171,049,293.34  (the “Closing Balance”), after giving effect to all
      payments due on the Mortgage Loans on or before the Cut-off Date, whether or
      not
      received.

     

    SECTION
      2.  Mortgage
      Loan Schedule. The Purchaser and the Seller have agreed upon which of the
      mortgage loans owned by the Seller are to be purchased by the Purchaser pursuant
      to this Agreement and the Seller will prepare or cause to be prepared on or
      prior to the Closing Date a final schedule (the “Closing Schedule”) that
      together shall describe such Mortgage Loans and set forth all of the Mortgage
      Loans to be purchased under this Agreement. The Closing Schedule will conform
      to
      the requirements set forth in this Agreement and to the definition of “Mortgage
      Loan Schedule” under the Pooling and Servicing Agreement. The Closing Schedule
      shall be used as the Mortgage Loan Schedule under the Pooling and Servicing
      Agreement and shall be prepared by the Seller based on information provided
      by
      the Originators.

     

    SECTION
      3.  Consideration.

     

    (a)  In
      consideration for the Mortgage Loans to be purchased hereunder, the Purchaser
      shall, as described in Section 7, pay to or upon the order of the Seller in
      immediately available funds a certain amount (the “Mortgage Loan Purchase
      Price”).

     

    (b)  The
      Purchaser or any assignee, transferee or designee of the Purchaser shall be
      entitled to all scheduled payments of principal due after the Cut-off Date,
      all
      other payments of principal due and collected after the Cut-off Date, and all
      payments of interest on the Mortgage Loans allocable to the period after the
      Cut-off Date. All scheduled payments of principal and interest due on or before
      the Cut-off Date and collected after the Cut-off Date shall belong to the
      Seller.

     

    (c)  Pursuant
      to the Pooling and Servicing Agreement, the Purchaser will assign all of its
      right, title and interest in and to the Mortgage Loans, together with its rights
      under this Agreement, to the Trustee for the benefit of the related
      Certificateholders.

     

    SECTION
      4.  Transfer
      of the Mortgage Loans.

     

    (a)  Possession
      of Mortgage Files.  The Seller does hereby sell, transfer, assign,
      set over and convey to the Purchaser, without recourse but subject to the terms
      of this Agreement, all of its right, title and interest in, to and under the
      Mortgage Loans; provided that such assignment shall not include any of the
      Servicing Rights. The contents of each Mortgage File not delivered to the
      Purchaser or to any assignee, transferee or designee of the Purchaser on or
      prior to the Closing Date are and shall be held in trust by the Seller for
      the
      benefit of the Purchaser or any assignee, transferee or designee of the
      Purchaser. Upon the sale of the Mortgage Loans, the ownership of each Mortgage
      Note, the related Mortgage and the other contents of the related Mortgage File
      is vested in the Purchaser and the ownership of all records and documents with
      respect to the related Mortgage Loan prepared by or that come into the
      possession of the Seller on or after the Closing Date shall immediately vest
      in
      the Purchaser and shall be delivered immediately to the Purchaser or as
      otherwise directed by the Purchaser.

     

    (b)  Delivery
      of Mortgage Loan Documents.  The Seller will, on or prior to the
      Closing Date, deliver or cause to be delivered to the Purchaser or any assignee,
      transferee or designee of the Purchaser each of the following documents for
      each
      Mortgage Loan:

     

    (i)  The
      Mortgage Note, endorsed by manual or facsimile signature without recourse by
      the
      related Originator or an Affiliate of the related Originator in blank or to
      the
      Trustee showing a complete chain of endorsements from the named payee to the
      Trustee or from the named payee to the Affiliate of the related Originator
      and
      from such Affiliate to the Trustee;

     

    (ii)  The
      original recorded Mortgage, noting the presence of the MIN of the Mortgage
      Loan,
      if applicable, and language indicating that the Mortgage Loan is a MOM Loan
      if
      the Mortgage Loan is a MOM Loan, with evidence of recording thereon or a copy
      of
      the Mortgage certified by the public recording office in those jurisdictions
      where the public recording office retains the original;

     

    (iii)  Unless
      the Mortgage Loan is registered on the MERS® System, an assignment from the
      related Originator or an Affiliate of the related Originator to the Trustee
      in
      blank or in recordable form of the Mortgage which may be included, where
      permitted by local law, in a blanket assignment or assignments of the Mortgage
      to the Trustee, including any intervening assignments and showing a complete
      chain of title from the original mortgagee named under the Mortgage to the
      Person assigning the Mortgage Loan to the Trustee (or to MERS, noting the
      presence of the MIN, if the Mortgage Loan is registered on the MERS®
System);

     

    (iv)  Any
      original assumption, modification, buydown or conversion-to- fixed-interest-rate
      agreement applicable to the Mortgage Loan; and

     

    (v)  The
      original or a copy of the title insurance policy (which may be a certificate
      or
      a short form policy relating to a master policy of title insurance) pertaining
      to the Mortgaged Property, or in the event such original title policy is
      unavailable, a copy of the preliminary title report and the lender’s recording
      instructions, with the original to be delivered within 180 days of the Closing
      Date or an attorney’s opinion of title in jurisdictions where such is the
      customary evidence of title; or in the event such original or copy of the title
      insurance policy is unavailable, a written commitment or uniform binder or
      preliminary report of title issued by the title insurance or escrow
      company.

     

    In
      instances where an original recorded Mortgage cannot be delivered by the Seller
      to the Purchaser prior to or concurrently with the execution and delivery of
      this Agreement, due to a delay in connection with the recording of such
      Mortgage, the Seller may, (a) in lieu of delivering such original recorded
      Mortgage referred to in clause (b)(ii) above, deliver to the Purchaser a copy
      thereof, provided that the Seller certifies that the original Mortgage has
      been
      delivered to a title insurance company for recordation after receipt of its
      policy of title insurance or binder therefor (which may be a certificate
      relating to a master policy of title insurance), and (b) in lieu of delivering
      the completed assignment in recordable form referred to in clause (b)(iii)
      above
      to the Purchaser, deliver such assignment to the Purchaser completed except
      for
      recording information.  In all such instances, the Seller will deliver
      the original recorded Mortgage and completed assignment (if applicable) to
      the
      Purchaser promptly upon receipt of such Mortgage.  In instances where
      an original recorded Mortgage has been lost or misplaced, the Seller or the
      related title insurance company may deliver, in lieu of such Mortgage, a copy
      of
      such Mortgage bearing recordation information and certified as true and correct
      by the office in which recordation thereof was made.  In instances
      where the original or a copy of the title insurance policy referred to in clause
      (b)(v) above (which may be a certificate relating to a master policy of title
      insurance) pertaining to the Mortgaged Property relating to a Mortgage Loan
      cannot be delivered by the Seller to the Purchaser prior to or concurrently
      with
      the execution and delivery of this Agreement because such policy is not yet
      available, the Seller may, in lieu of delivering the original or a copy of
      such
      title insurance referred to in clause (b)(v) above, deliver to the Purchaser
      a
      binder with respect to such policy (which may be a certificate relating to
      a
      master policy of title insurance) and deliver the original or a copy of such
      policy (which may be a certificate relating to a master policy of title
      insurance) to the Purchaser within 180 days of the Closing Date.  In
      instances where an original assumption, modification, buydown or
      conversion-to-fixed- interest-rate agreement cannot be delivered by the Seller
      to the Purchaser prior to or concurrently with the execution and delivery of
      this Agreement, the Seller may, in lieu of delivering the original of such
      agreement referred to in clause (b)(iv) above, deliver a certified copy
      thereof.

     

    To
      the
      extent not already recorded, except with respect to any Mortgage Loan for which
      MERS is identified on the Mortgage or on a properly recorded assignment of
      the
      Mortgage as the mortgagee of record, the related Servicer, at the expense of
      the
      Seller shall promptly (and in no event later than five Business Days following
      the later of the Closing Date and the date of receipt by the related Servicer
      of
      the recording information for a Mortgage) submit or cause to be submitted for
      recording, at no expense to any Trust REMIC, in the appropriate public office
      for real property records, each Assignment delivered to it pursuant to (b)(iii)
      above.  In the event that any such Assignment is lost or returned
      unrecorded because of a defect therein, the related Servicer, at the expense
      of
      the Seller, shall promptly prepare or cause to be prepared a substitute
      Assignment or cure or cause to be cured such defect, as the case may be, and
      thereafter cause each such Assignment to be duly
      recorded.  Notwithstanding the foregoing, but without limiting the
      requirement that such Assignments be in recordable form, neither the related
      Servicer nor the Trustee shall be required to submit or cause to be submitted
      for recording any Assignment delivered to it or a Custodian pursuant to (b)(iii)
      above if such recordation shall not, as of the Closing Date, be required by
      the
      Rating Agencies, as a condition to their assignment on the Closing Date of
      their
      initial ratings to the Certificates, as evidenced by the delivery by the Rating
      Agencies of their ratings letters on the Closing Date; provided, however,
      notwithstanding the foregoing, the related Servicer shall submit each Assignment
      for recording, at no expense to the Trust Fund or the related Servicer, upon
      the
      earliest to occur of: (A) reasonable direction by Holders of Certificates
      entitled to at least 25% of the Voting Rights, (B) the occurrence of a Servicer
      Event of Default, (C) the occurrence of a bankruptcy, insolvency or foreclosure
      relating to the Seller, (D) the occurrence of a servicing transfer as described
      in Section 7.02 of the Pooling and Servicing Agreement and (E) with respect
      to
      any one Assignment the occurrence of a foreclosure relating to the Mortgagor
      under the related Mortgage.  Notwithstanding the foregoing, if the
      Seller fails to pay the cost of recording the Assignments, such expense will
      be
      paid by the related Servicer and such Servicer shall be reimbursed for such
      expenses by the Trust as Servicing Advances.

     

    With
      respect to a maximum of approximately 5.00% of the Original Mortgage Loans,
      by
      outstanding principal balance of the Original Mortgage Loans as of the Cut-off
      Date, if any original Mortgage Note referred to in (b)(i) above cannot be
      located, the obligations of the Seller to deliver such documents shall be deemed
      to be satisfied upon delivery to the Purchaser of a photocopy of such Mortgage
      Note, if available, with a lost note affidavit.  If any of the
      original Mortgage Notes for which a lost note affidavit was delivered to the
      Purchaser is subsequently located, such original Mortgage Note shall be
      delivered to the Purchaser within three Business Days.

     

    The
      Seller shall deliver or cause to be delivered to the Purchaser promptly upon
      receipt thereof any other original documents constituting a part of a Mortgage
      File received with respect to any Mortgage Loan, including, but not limited
      to,
      any original documents evidencing an assumption, modification, consolidation
      or
      extension of any Mortgage Loan.

     

    All
      original documents relating to the Mortgage Loans that are not delivered to
      the
      Purchaser are and shall be held by or on behalf of the Seller, the Purchaser
      or
      the related Servicer, as the case may be, in trust for the benefit of the
      Trustee on behalf of the Certificateholders.  In the event that any
      such original document is required pursuant to the terms of this Section to
      be a
      part of a Mortgage File, such document shall be delivered promptly to the
      Trustee or the Custodian on behalf of the Trustee.  Any such original
      document delivered to or held by the Seller that is not required pursuant to
      the
      terms of this Section to be a part of a Mortgage File, shall be delivered
      promptly to the related Servicer.

     

    (c)  Acceptance
      of Mortgage Loans. The documents delivered pursuant to Section 4(b) hereof
      shall be reviewed by the Purchaser or any assignee, transferee or designee
      of
      the Purchaser at any time before or after the Closing Date (and with respect
      to
      each document permitted to be delivered after the Closing Date within seven
      days
      of its delivery) to ascertain that all required documents have been executed
      and
      received and that such documents relate to the Mortgage Loans identified on
      the
      Mortgage Loan Schedule.

     

    (d)  Transfer
      of Interest in Agreements. The Purchaser has the right to assign its
      interest under this Agreement, in whole or in part, to the Trustee, as may
      be
      required to effect the purposes of the Pooling and Servicing Agreement, without
      the consent of the Seller, and the assignee shall succeed to the rights and
      obligations hereunder of the Purchaser. Any expense reasonably incurred by
      or on
      behalf of the Purchaser or the Trustee in connection with enforcing any
      obligations of the Seller under this Agreement will be promptly reimbursed
      by
      the Seller.

     

    (e)  Examination
      of Mortgage Files. Prior to the Closing Date, the Seller shall either (i)
      deliver in escrow to the Purchaser or to any assignee, transferee or designee
      of
      the Purchaser, for examination, the Mortgage File pertaining to each Mortgage
      Loan, or (ii) make such Mortgage Files available to the Purchaser or to any
      assignee, transferee or designee of the Purchaser for examination. Such
      examination may be made by the Purchaser or the Trustee, and their respective
      designees, upon reasonable notice to the Seller during normal business hours
      before the Closing Date and within 60 days after the Closing Date. If any such
      person makes such examination prior to the Closing Date and identifies any
      Mortgage Loans that do not conform to the requirements of the Purchaser as
      described in this Agreement, such Mortgage Loans shall be deleted from the
      Closing Schedule. The Purchaser may, at its option and without notice to the
      Seller, purchase all or part of the Mortgage Loans without conducting any
      partial or complete examination. The fact that the Purchaser or any person
      has
      conducted or has failed to conduct any partial or complete examination of the
      Mortgage Files shall not affect the rights of the Purchaser or any assignee,
      transferee or designee of the Purchaser to demand repurchase or other relief
      as
      provided herein or under the Pooling and Servicing Agreement.

     

    SECTION
      5.  Representations,
      Warranties and Covenants of the Seller.

     

    (a)  The
      Seller hereby represents and warrants, for the benefit of the Purchaser, that
      the representations and warranties set forth on Exhibit A hereto are true and
      correct as of the date hereof and as of the Closing Date.

     

    (b)  The
      Seller hereby represents and warrants to the Purchaser, as of the date hereof
      and as of the Closing Date, and covenants, that with respect to each Group
      I
      Mortgage Loan:

     

    (i)  The
      original principal balance of each Mortgage Loan is within Freddie Mac’s dollar
      amount limits for conforming one- to four-family mortgage loans;

     

    (ii)  The
      original principal balance of any first-lien Mortgage Loan does not exceed
      the
      applicable Freddie Mac loan limit;

     

    (iii)  Each
      Mortgage Loan that is secured by a subordinate lien on the related Mortgaged
      Property is on a one- to four-family residence that is the principal residence
      of the borrower;

     

    (iv)  The
      original loan amount of any subordinate-lien Mortgage Loan does not exceed
      one-half of the one-unit limitation for first lien mortgage loans, or $208,500
      (in Alaska, Guam, Hawaii or Virgin Islands: $312,750), without regard to the
      number of units;

     

    (v)  The
      aggregate original principal balance of the first and subordinate lien Mortgage
      Loans relating to the same Mortgaged Property with respect to any Mortgage
      Loan
      does not exceed Freddie Mac’s applicable loan limits for first-lien mortgage
      loans for that property type;

     

    (vi)  No
      borrower obtained a prepaid single-premium credit-life, credit disability,
      credit unemployment or credit property insurance policy in connection with
      the
      origination of any Mortgage Loan;

     

    (vii)  With
      respect to any Mortgage Loan, no borrower was charged “point and fees” in an
      amount greater than (a) $1,000 or (b) 5% of the principal amount of such
      Mortgage Loan, whichever is greater.  For purposes of this
      representation, “points and fees” (x) include origination, underwriting, broker
      and finder’s fees and charges that the lender imposed as a condition of making
      the Mortgage Loan, whether they are paid to the lender or a third party; and
      (y)
      exclude bona fide discount points, fees paid for actual services rendered in
      connection with the origination of the Mortgage (such as attorneys’ fees,
      notaries fees and fees paid for property appraisals, credit reports, surveys,
      title examinations and extracts, flood and tax certifications, and home
      inspections); the cost of mortgage insurance or credit-risk price adjustments;
      the costs of title, hazard, and flood insurance policies; state and local
      transfer taxes or fees; escrow deposits for the future payment of taxes and
      insurance premiums; and other miscellaneous fees and charges that, in total,
      do
      not exceed 0.25 percent of the loan amount;

     

    (viii)  No
      Mortgage Loan exceeds the “annual percentage rate” or “points and fees payable
      by the borrower” threshold as described in HOEPA;

     

    (ix)  No
      Mortgagor with respect to a Mortgage Loan was encouraged or required to select
      a
      mortgage loan product offered by the related Originator which is a higher cost
      product designed for a less creditworthy mortgagor, unless at the time of the
      Mortgage Loan's origination, such Mortgagor did not qualify taking into account
      credit history and debt-to income ratios for a lower-cost credit product then
      offered by the Originator.  A borrower who is able to qualify for one
      of the Originator’s standard products should be directed towards or offered the
      Originator’s standard mortgage line;

     

    (x)  With
      respect to any Mortgage Loan that contains a provision permitting imposition
      of
      a premium upon a prepayment prior to maturity: (a) prior to the Mortgage Loan’s
      origination, the borrower agreed to such premium in exchange for a monetary
      benefit, including but not limited to a rate or fee reduction; (b) the related
      Originator had a written policy of offering the borrower the option of obtaining
      a mortgage loan that did not require payment of such a premium unless the
      mortgage loan that did not require payment of such a premium would be a mortgage
      loan that is a HOEPA loan or a high-cost home loan under any applicable state
      or
      local law and prohibited by the related Originator's underwriting guidelines,
      and the Mortgage Loan was made available to the borrower with and without a
      prepayment premium; (c) the prepayment premium is adequately disclosed to the
      borrower pursuant to applicable state and federal law; (d) no Mortgage Loan
      originated on or after October 1, 2002 will impose a prepayment premium for
      a
      term in excess of three years, and any Mortgage Loan originated prior to such
      date will not impose prepayment penalties in excess of five years; in each
      case
      unless the loan was modified to reduce the prepayment period to no more than
      three years from the date of the note and the borrower was notified in writing
      of such reduction in prepayment period; and (e) notwithstanding any state or
      federal law to the contrary, the related Servicer shall not impose such
      prepayment premium in any instance when the Mortgage Loan is accelerated or
      paid
      off in connection with the workout of a delinquent mortgage or due to the
      borrower’s default;

     

    (xi)  The
      methodology used in underwriting the extension of credit for each Mortgage
      Loan
      did not rely on the extent of the borrower’s equity in the collateral as the
      principal determining factor in approving such extension of
      credit.  The methodology employed objective criteria that related such
      facts as, without limitation, the borrower’s credit history, income, assets or
      liabilities, to the proposed mortgage payment and, based on such methodology,
      the related Originator made a reasonable determination that at the time of
      origination the borrower had the ability to make timely payments on the Mortgage
      Loan;

     

    (xii)  No
      Mortgage Loan is secured by a manufactured housing unit; and

     

    (xiii)  No
      Mortgage Loan is “seasoned.”

     

    (c)  The
      Seller hereby represents and warrants to the Purchaser, as of the date hereof
      and as of the Closing Date, and covenants, that:

     

    (i)  The
      Seller is duly organized, validly existing and in good standing as a corporation
      under the laws of the State of New York with full corporate power and authority
      to conduct its business as presently conducted by it to the extent material
      to
      the consummation of the transactions contemplated herein. The Seller has the
      full corporate power and authority to own the Mortgage Loans and to transfer
      and
      convey the Mortgage Loans to the Purchaser and has the full corporate power
      and
      authority to execute and deliver, engage in the transactions contemplated by,
      and perform and observe the terms and conditions of this Agreement.

     

    (ii)  The
      Seller has duly authorized the execution, delivery and performance of this
      Agreement, has duly executed and delivered this Agreement, and this Agreement,
      assuming due authorization, execution and delivery hereof by the Purchaser,
      constitutes a legal, valid and binding obligation of the Seller, enforceable
      against it in accordance with its terms except as the enforceability thereof
      may
      be limited by bankruptcy, insolvency or reorganization or by general principles
      of equity.

     

    (iii)  The
      execution, delivery and performance of this Agreement by the Seller (x) does
      not
      conflict and will not conflict with, does not breach and will not result in
      a
      breach of and does not constitute and will not constitute a default (or an
      event, which with notice or lapse of time or both, would constitute a default)
      under (A) any terms or provisions of the articles of incorporation or by-laws
      of
      the Seller, (B) any term or provision of any material agreement, contract,
      instrument or indenture, to which the Seller is a party or by which the Seller
      or any of its property is bound or (C) any law, rule, regulation, order,
      judgment, writ, injunction or decree of any court or governmental authority
      having jurisdiction over the Seller or any of its property and (y) does not
      create or impose and will not result in the creation or imposition of any lien,
      charge or encumbrance which would have a material adverse effect upon the
      Mortgage Loans or any documents or instruments evidencing or securing the
      Mortgage Loans.

     

    (iv)  No
      consent, approval, authorization or order of, registration or filing with,
      or
      notice on behalf of the Seller to any governmental authority or court is
      required, under federal laws or the laws of the State of New York, for the
      execution, delivery and performance by the Seller of, or compliance by the
      Seller with, this Agreement or the consummation by the Seller of any other
      transaction contemplated hereby and by the Pooling and Servicing Agreement;
      provided, however, that the Seller makes no representation or warranty regarding
      federal or state securities laws in connection with the sale or distribution
      of
      the Certificates.

     

    (v)  This
      Agreement does not contain any untrue statement of material fact or omit to
      state a material fact necessary to make the statements contained herein not
      misleading.  The written statements, reports and other documents
      prepared and furnished or to be prepared and furnished by the Seller pursuant
      to
      this Agreement or in connection with the transactions contemplated hereby taken
      in the aggregate do not contain any untrue statement of material fact or omit
      to
      state a material fact necessary to make the statements contained therein not
      misleading.

     

    (vi)  The
      Seller is not in violation of, and the execution and delivery of this Agreement
      by the Seller and its performance and compliance with the terms of this
      Agreement will not constitute a violation with respect to, any order or decree
      of any court or any order or regulation of any federal, state, municipal or
      governmental agency having jurisdiction over the Seller or its assets, which
      violation might have consequences that would materially and adversely affect
      the
      condition (financial or otherwise) or the operation of the Seller or its assets
      or might have consequences that would materially and adversely affect the
      performance of its obligations and duties hereunder.

     

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

     

    (viii)  Immediately
      prior to the sale of the Mortgage Loans to the Purchaser as herein contemplated,
      the Seller will be the owner of the related Mortgage and the indebtedness
      evidenced by the related Mortgage Note, and, upon the payment to the Seller
      of
      the Purchase Price, in the event that the Seller retains or has retained record
      title, the Seller shall retain such record title to each Mortgage, each related
      Mortgage Note and the related Mortgage Files with respect thereto in trust
      for
      the Purchaser as the owner thereof from and after the date hereof.

     

    (ix)  There
      are
      no actions or proceedings against, or investigations known to it of, the Seller
      before any court, administrative or other tribunal (A) that might prohibit
      its
      entering into this Agreement, (B) seeking to prevent the sale of the Mortgage
      Loans by the Seller or the consummation of the transactions contemplated by
      this
      Agreement or (C) that might prohibit or materially and adversely affect the
      performance by the Seller of its obligations under, or validity or
      enforceability of, this Agreement.

     

    (x)  The
      consummation of the transactions contemplated by this Agreement are in the
      ordinary course of business of the Seller, and the transfer, assignment and
      conveyance of the Mortgage Notes and the Mortgages by the Seller are not subject
      to the bulk transfer or any similar statutory provisions.

     

    (xi)  The
      Seller has not dealt with any broker, investment banker, agent or other person,
      except for the Purchaser or any of its affiliates, that may be entitled to
      any
      commission or compensation in connection with the sale of the Mortgage
      Loans.

     

    (xii)  There
      is
      no litigation currently pending or, to the best of the Seller’s knowledge
      without independent investigation, threatened against the Seller that would
      reasonably be expected to adversely affect the transfer of the Mortgage Loans,
      the issuance of the Certificates or the execution, delivery, performance or
      enforceability of this Agreement, or that would result in a material adverse
      change in the financial condition of the Seller.

     

    (xiii)  The
      Seller is solvent and will not be rendered insolvent by the consummation of
      the
      transactions contemplated hereby.  The Seller is not transferring any
      Mortgage loan with any intent to hinder, delay or defraud any of its
      creditors.

     

    
      	
              SECTION
                6.  

            	
              Repurchase
                Obligation for Defective Documentation and for Breach of Representation
                and Warranty.

            

    

     

    It
      is
      understood and agreed that the representations and warranties set forth in
      Section 5 shall survive the sale of the Mortgage Loans to the Purchaser and
      shall inure to the benefit of the Purchaser and any assignee, transferee or
      designee of the Purchaser, including the Trustee for the benefit of holders
      of
      the Mortgage Pass-Through Certificates evidencing an interest in all or a
      portion of the Mortgage Loans, notwithstanding any restrictive or qualified
      endorsement on any Mortgage Note or Assignment or the examination or lack of
      examination of any Mortgage File.  With respect to the representations
      and warranties contained herein that are made to the knowledge or the best
      knowledge of the Seller, or as to which the Seller has no knowledge, if it
      is
      discovered that the substance of any such representation and warranty is
      inaccurate and the inaccuracy materially and adversely affects the value of
      the
      related Mortgage Loan, or the interest therein of the Purchaser or the
      Purchaser’s assignee, designee or transferee, then notwithstanding the Seller’s
      lack of knowledge with respect to the substance of such representation and
      warranty being inaccurate at the time the representation and warranty was made,
      such inaccuracy shall be deemed a breach of the applicable representation and
      warranty and the Seller shall take such action described in the following
      paragraphs of this Section 6 in respect of such Mortgage Loan.  Upon
      discovery by either the Seller or the Purchaser of a breach of any of the
      foregoing representations and warranties made by the Seller that materially
      and
      adversely affects the value of the Mortgage Loans or the interest of the
      Purchaser (or which materially and adversely affects the interests of the
      Purchaser in the related Mortgage Loan in the case of a representation and
      warranty relating to a particular Mortgage Loan), the party discovering such
      breach shall give prompt written notice to the other.  In addition,
      the Seller hereby acknowledges and agrees that any breach of the representations
      set forth in Section 5(b) hereof shall be deemed to materially and adversely
      affect the value of the related mortgage loans or the interests of the Trust
      in
      the related mortgage loans.

     

    Within
      90
      days of the earlier of either discovery by or notice to the Seller of any breach
      of a representation or warranty made by the Seller that materially and adversely
      affects the value of a Mortgage Loan or the Mortgage Loans or the interest
      therein of the Purchaser, the Seller shall use its best efforts promptly to
      cure
      such breach in all material respects and, if such breach cannot be cured, the
      Seller shall, at the Purchaser’s option, repurchase such Mortgage Loan at the
      Purchase Price. The Seller may, at the request of the Purchaser and assuming
      the
      Seller has a Qualified Substitute Mortgage Loan, rather than repurchase a
      deficient Mortgage Loan as provided above, remove such Mortgage Loan and
      substitute in its place a Qualified Substitute Mortgage Loan or Loans. If the
      Seller does not provide a Qualified Substitute Mortgage Loan or Loans, it shall
      repurchase the deficient Mortgage Loan. Any repurchase of a Mortgage Loan(s)
      pursuant to the foregoing provisions of this Section 6 shall occur on a date
      designated by the Purchaser and shall be accomplished by deposit in accordance
      with Section 2.03 of the Pooling and Servicing Agreement. Any repurchase or
      substitution required by this Section shall be made in a manner consistent
      with
      Section 2.03 of the Pooling and Servicing Agreement.

     

    At
      the
      time of substitution or repurchase by the Seller of any deficient Mortgage
      Loan,
      the Purchaser and the Seller shall arrange for the reassignment of the
      repurchased or substituted Mortgage Loan to the Seller and the delivery to
      the
      Seller of any documents held by the Trustee relating to the deficient or
      repurchased Mortgage Loan. In the event the Purchase Price is deposited in
      the
      Collection Account, the Seller shall, simultaneously with such deposit, give
      written notice to the Purchaser that such deposit has taken place. Upon such
      repurchase, the Mortgage Loan Schedule shall be amended to reflect the
      withdrawal of the repurchased Mortgage Loan from this Agreement.

     

    As
      to any
      Deleted Mortgage Loan for which the Seller substitutes a Qualified Substitute
      Mortgage Loan or Loans, the Seller shall effect such substitution by delivering
      to the Purchaser or its designee for such Qualified Substitute Mortgage Loan
      or
      Loans the Mortgage Note, the Mortgage, the Assignment and such other documents
      and agreements as are required by the Pooling and Servicing Agreement, with
      the
      Mortgage Note endorsed as required therein. The Seller shall remit for deposit
      in the Collection Account the Monthly Payment due on such Qualified Substitute
      Mortgage Loan or Loans in the month following the date of such substitution.
      Monthly payments due with respect to Qualified Substitute Mortgage Loans in
      the
      month of substitution will be retained by the Seller. For the month of
      substitution, distributions to the Purchaser will include the Monthly Payment
      due on such Deleted Mortgage Loan in the month of substitution, and the Seller
      shall thereafter be entitled to retain all amounts subsequently received by
      the
      Seller in respect of such Deleted Mortgage Loan. Upon such substitution, the
      Qualified Substitute Mortgage Loans shall be subject to the terms of this
      Agreement in all respects, and the Seller shall be deemed to have made with
      respect to such Qualified Substitute Mortgage Loan or Loans as of the date
      of
      substitution, the covenants, representations and warranties set forth in Section
      5.

     

    It
      is
      understood and agreed that the representations and warranties set forth in
      Section 5 shall survive delivery of the respective Mortgage Files to the Trustee
      on behalf of the Purchaser.

     

    It
      is
      understood and agreed that (i) the obligations of the Seller set forth in this
      Section 6 to cure, repurchase and substitute for a defective Mortgage Loan
      and
      (ii) the obligations of the Seller as provided in the next sentence constitute
      the sole remedies of the Purchaser respecting a missing or defective document
      or
      a breach of the representations and warranties contained in Section
      5.   The Seller shall indemnify the Purchaser and hold it
      harmless against any losses, damages, penalties, fines, forfeitures, reasonable
      and necessary legal fees and related costs, judgments, and other costs and
      expenses resulting from any claim, demand, defense or assertion based on or
      grounded upon, or resulting from, a breach of the representations and warranties
      contained in Section 5 of this Agreement.

     

    SECTION
      7.  Closing;
      Payment for the Mortgage Loans. The closing of the purchase and sale of the
      Mortgage Loans shall be held at the New York City office of Thacher Proffitt
      & Wood LLP at 10:00 AM New York City time on the Closing Date.

     

    The
      closing shall be subject to each of the following conditions:

     

    (a)  All
      of
      the representations and warranties of the Seller under this Agreement shall
      be
      true and correct in all material respects as of the date as of which they are
      made and no event shall have occurred which, with notice or the passage of
      time,
      would constitute a default under this Agreement;

     

    (b)  The
      Purchaser shall have received, or the attorneys of the Purchaser shall have
      received in escrow (to be released from escrow at the time of closing), all
      Closing Documents as specified in Section 8 of this Agreement, in such forms
      as
      are agreed upon and acceptable to the Purchaser, duly executed by all
      signatories other than the Purchaser as required pursuant to the respective
      terms thereof;

     

    (c)  The
      Seller shall have delivered or caused to be delivered and released to the
      Purchaser or to its designee, all documents (including without limitation,
      the
      Mortgage Loans) required to be so delivered by the Purchaser; and

     

    (d)  All
      other
      terms and conditions of this Agreement shall have been complied
      with.

     

    Subject
      to the foregoing conditions, the Purchaser shall deliver or cause to be
      delivered to the Seller on the Closing Date, against delivery and release by
      the
      Seller to the Trustee of all documents required pursuant to the Pooling and
      Servicing Agreement, the consideration for the Mortgage Loans as specified
      in
      Section 3 of this Agreement, by delivery to the Seller of the Mortgage Loan
      Purchase Price.

     

    SECTION
      8.  Closing
      Documents. Without limiting the generality of Section 7 hereof, the closing
      shall be subject to delivery of each of the following documents:

     

    (a)  An
      Officers’ Certificate of the Seller, dated the Closing Date, upon which the
      Purchaser and Citigroup Global Markets Inc. (the “Underwriter”) may rely, in a
      form acceptable to the Purchaser;

     

    (b)  A
      Secretary’s Certificate of the Seller, dated the Closing Date, upon which the
      Purchaser and the Underwriter may rely, in a form acceptable to the Purchaser,
      and attached thereto copies of the certificate of incorporation, by-laws and
      certificate of good standing of the Seller;

     

    (c)  An
      Opinion of Counsel of the Seller, dated the Closing Date and addressed to the
      Purchaser and the Underwriter, in a form acceptable to the
      Purchaser;

     

    (d)  Such
      opinions of counsel as the Rating Agencies or the Trustee may request in
      connection with the sale of the Mortgage Loans by the Seller to the Purchaser
      or
      the Seller’s execution and delivery of, or performance under, this
      Agreement;

     

    (e)  A
      letter
      from Deloitte & Touche L.L.P., certified public accountants, dated the date
      hereof and to the effect that they have performed certain specified procedures
      as a result of which they determined that certain information of an accounting,
      financial or statistical nature set forth in the Purchaser’s Prospectus
      Supplement, dated June [___], 2007, agrees with the records of the
      Seller;

     

    (f)  [Reserved];
      and

     

    (g)  Such
      further information, certificates, opinions and documents as the Purchaser
      or
      the Underwriter may reasonably request.

     

    SECTION
      9.  Costs.
      The Seller shall pay (or shall reimburse the Purchaser or any other Person
      to
      the extent that the Purchaser or such other Person shall pay) all necessary
      and
      reasonable costs and expenses incurred directly in delivering this Agreement,
      the Pooling and Servicing Agreement, the Certificates, the prospectus,
      prospectus supplement and any private placement memorandum relating to the
      Certificates and other related documents, the fees and expenses of the
      Purchaser’s counsel in connection with the preparation of all documents relating
      to the securitization of the Mortgage Loans, the filing fee charged by the
      Securities and Exchange Commission for registration of the Certificates, the
      fees charged by any rating agency to rate the Certificates and the ongoing
      expenses of the Rating Agencies. All other costs and expenses in connection
      with
      the transactions contemplated hereunder shall be borne by the party incurring
      such expense.

     

    SECTION
      10.  [Reserved].

     

    SECTION
      11.  Mandatory
      Delivery; Grant of Security Interest. The sale and delivery on the Closing
      Date of the Mortgage Loans described on the Mortgage Loan Schedule in accordance
      with the terms and conditions of this Agreement is mandatory. It is specifically
      understood and agreed that each Mortgage Loan is unique and identifiable on
      the
      date hereof and that an award of money damages would be insufficient to
      compensate the Purchaser for the losses and damages incurred by the Purchaser
      in
      the event of the Seller’s failure to deliver the Mortgage Loans on or before the
      Closing Date. The Seller hereby grants to the Purchaser a lien on and a
      continuing security interest in the Seller’s interest in each Mortgage Loan and
      each document and instrument evidencing each such Mortgage Loan to secure the
      performance by the Seller of its obligation hereunder, and the Seller agrees
      that it holds such Mortgage Loans in custody for the Purchaser, subject to
      the
      Purchaser’s (i) right, prior to the Closing Date, to reject any Mortgage Loan to
      the extent permitted by this Agreement and (ii) obligation to deliver or cause
      to be delivered the consideration for the Mortgage Loans pursuant to Section
      7
      hereof. Any Mortgage Loans rejected by the Purchaser shall concurrently
      therewith be released from the security interest created hereby. The Seller
      agrees that, upon acceptance of the Mortgage Loans by the Purchaser or its
      designee and delivery of payment to the Seller, that its security interest
      in
      the Mortgage Loans shall be released. All rights and remedies of the Purchaser
      under this Agreement are distinct from, and cumulative with, any other rights
      or
      remedies under this Agreement or afforded by law or equity and all such rights
      and remedies may be exercised concurrently, independently or
      successively.

     

    Notwithstanding
      the foregoing, if on the Closing Date, each of the conditions set forth in
      Section 7 hereof shall have been satisfied and the Purchaser shall not have
      paid
      or caused to be paid the Mortgage Loan Purchase Price, or any such condition
      shall not have been waived or satisfied and the Purchaser determines not to
      pay
      or cause to be paid the Mortgage Loan Purchase Price, the Purchaser shall
      immediately effect the redelivery of the Mortgage Loans, if delivery to the
      Purchaser has occurred and the security interest created by this Section 11
      shall be deemed to have been released.

     

    SECTION
      12.  Notices.
      All demands, notices and communications hereunder shall be in writing and shall
      be deemed to have been duly given if personally delivered to or mailed by
      registered mail, postage prepaid, or transmitted by telex or telegraph and
      confirmed by a similar mailed writing, if to the Purchaser, addressed to the
      Purchaser at 390 Greenwich Street, 4th Floor, New York, New York 10013,
      Attention: Mortgage Finance Group, or such other address as may hereafter be
      furnished to the Seller in writing by the Purchaser, and if to the Seller,
      addressed to the Seller at 390 Greenwich Street, 4th Floor, New York, New York
      10013, Attention: Mortgage Finance Group, or such other address as may hereafter
      be furnished to the Purchaser in writing by the Seller.

     

    SECTION
      13.  Severability
      of Provisions. Any part, provision, representation or warranty of this
      Agreement which is prohibited or which is held to be void or unenforceable
      shall
      be ineffective to the extent of such prohibition or unenforceability without
      invalidating the remaining provisions hereof. Any part, provision,
      representation or warranty of this Agreement which is prohibited or
      unenforceable or is held to be void or unenforceable in any jurisdiction shall,
      as to such jurisdiction, be ineffective to the extent of such prohibition or
      unenforceability without invalidating the remaining provisions hereof, and
      any
      such prohibition or unenforceability in any jurisdiction as to any Mortgage
      Loan
      shall not invalidate or render unenforceable such provision in any other
      jurisdiction. To the extent permitted by applicable law, the parties hereto
      waive any provision of law which prohibits or renders void or unenforceable
      any
      provision hereof.

     

    SECTION
      14.  Agreement
      of Parties. The Seller and the Purchaser each agree to execute and deliver
      such instruments and take such actions as either of the others may, from time
      to
      time, reasonably request in order to effectuate the purpose and to carry out
      the
      terms of this Agreement and the Pooling and Servicing Agreement.

     

    SECTION
      15.  Survival.
      The Seller agrees that the representations, warranties and agreements made
      by it
      herein and in any certificate or other instrument delivered pursuant hereto
      shall be deemed to be relied upon by the Purchaser, notwithstanding any
      investigation heretofore or hereafter made by the Purchaser or on its behalf,
      and that the representations, warranties and agreements made by the Seller
      herein or in any such certificate or other instrument shall survive the delivery
      of and payment for the Mortgage Loans and shall continue in full force and
      effect, notwithstanding any restrictive or qualified endorsement on the Mortgage
      Notes and notwithstanding subsequent termination of this Agreement, the Pooling
      and Servicing Agreement or the Trust Fund.

     

    SECTION
      16.  GOVERNING
      LAW. THIS AGREEMENT AND THE RIGHTS, DUTIES, OBLIGATIONS AND RESPONSIBILITIES
      OF THE PARTIES HERETO SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
      THE
      LAWS (INCLUDING THE CHOICE OF LAW PROVISIONS) AND DECISIONS OF THE STATE OF
      NEW
      YORK. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTION 5-1401 OF THE
      NEW
      YORK GENERAL OBLIGATIONS LAW SHALL APPLY TO THIS AGREEMENT.

     

    SECTION
      17.  Miscellaneous.
      This Agreement may be executed in two or more counterparts, each of which when
      so executed and delivered shall be an original, but all of which together shall
      constitute one and the same instrument. This Agreement shall inure to the
      benefit of and be binding upon the parties hereto and their respective
      successors and assigns. This Agreement supersedes all prior agreements and
      understandings relating to the subject matter hereof. Neither this Agreement
      nor
      any term hereof may be changed, waived, discharged or terminated orally, but
      only by an instrument in writing signed by the party against whom enforcement
      of
      the change, waiver, discharge or termination is sought. The headings in this
      Agreement are for purposes of reference only and shall not limit or otherwise
      affect the meaning hereof.

     

    It
      is the
      express intent of the parties hereto that the conveyance of the Mortgage Loans
      by the Seller to the Purchaser as provided in Section 4 hereof be, and be
      construed as, a sale of the Mortgage Loans by the Seller to the Purchaser and
      not as a pledge of the Mortgage Loans by the Seller to the Purchaser to secure
      a
      debt or other obligation of the Seller. However, in the event that,
      notwithstanding the aforementioned intent of the parties, the Mortgage Loans
      are
      held to be property of the Seller, then, (a) it is the express intent of the
      parties that such conveyance be deemed a pledge of the Mortgage Loans by the
      Seller to the Purchaser to secure a debt or other obligation of the Seller
      and
      (b) (1) 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; (2)
      the
      conveyance provided for in Section 4 hereof shall be deemed to be a grant by
      the
      Seller to the Purchaser of a security interest in all of the Seller’s right,
      title and interest in and to the Mortgage Loans and all amounts payable to
      the
      holders of the Mortgage Loans in accordance with the terms thereof and all
      proceeds of the conversion, voluntary or involuntary, of the foregoing into
      cash, instruments, securities or other property, including without limitation
      all amounts, other than investment earnings, from time to time held or invested
      in the Collection Account whether in the form of cash, instruments, securities
      or other property; (3) the possession by the Purchaser or its agent of Mortgage
      Notes, the related Mortgages and such other items of property that constitute
      instruments, money, negotiable documents or chattel paper shall be deemed to
      be
“possession by the secured party” for purposes of perfecting the security
      interest pursuant to Section 9-305 of the New York Uniform Commercial Code;
      and
      (4) 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 Purchaser for the
      purpose of perfecting such security interest under applicable law. Any
      assignment of the interest of the Purchaser pursuant to Section 4(d) hereof
      shall also be deemed to be an assignment of any security interest created
      hereby. The Seller and the Purchaser 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 this Agreement and the Pooling and Servicing Agreement.

     

    SECTION
      18.  Indemnification.
      The Seller shall indemnify and hold harmless each of (i) the Purchaser, (ii)
      Citigroup Global Markets Inc. and (iii) each person, if any, who controls the
      Purchaser within the meaning of Section 15 of the Securities Act of 1933, as
      amended (the “1933 Act”) ((i) through (iii) collectively, the “Indemnified
      Party”) against any and all losses, claims, expenses, damages or liabilities to
      which the Indemnified Party may become subject, under the 1933 Act or otherwise,
      insofar as such losses, claims, expenses, damages or liabilities (or actions
      in
      respect thereof) arise out of, are based upon, or result from, a breach by
      the
      Seller of any of  the representations and warranties made by the
      Seller herein, it being understood that the Purchaser has relied upon such
      representations and warranties.

     

    IN
      WITNESS WHEREOF, the Purchaser and the Seller have caused their names to be
      signed by their respective officers thereunto duly authorized as of the date
      first above written.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST
                INC.

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 	 
	 	 	 	 	 	 	 	
              Name:

            	 	 
	 	 	 	 	 	 	 	
              Title:

            	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              CITIGROUP
                GLOBAL MARKETS REALTY

              CORP.

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 	 
	 	 	 	 	 	 	 	
              Name:

            	 	 
	 	 	 	 	 	 	 	
              Title:

            	 	 

    

    

    

    EXHIBIT
      A

     

    Representation
      and Warranties with respect to the Mortgage Loans

     

    All
      capitalized terms in this Exhibit A
      shall have the meanings ascribed to them in the Mortgage Loan Purchase and
      Interim Servicing Agreement, dated December 28, 2004, between Citigroup
      Global Markets Realty Corp. (“CGMRC”) and Ameriquest Mortgage Company
      (“Ameriquest”), as amended; provided, however, that the terms “Mortgage Loan
      Schedule” and “Originators” shall have the meanings ascribed to them in the
      Pooling and Servicing Agreement and the terms “Seller” and “Purchaser” shall
      have the meanings ascribed to them herein.

    

    1.
      The
      information set forth in the Mortgage Loan Schedule is complete, true and
      correct as of the Cut-off Date;

     

    2.
      [Reserved];

     

    3.
      As of
      the Closing Date, the Company has not advanced funds, or induced, solicited
      or
      knowingly received any advance of funds from a party other than the owner of
      the
      related Mortgaged Property, directly, for the payment of any amount required
      by
      the Mortgage Note or Mortgage, and no Mortgage Loan has been delinquent for
      more
      than thirty (30) days in the prior twelve (12) months;

     

    4.
      As of
      the Closing Date, there are no delinquent taxes or insurance premiums affecting
      the related Mortgaged Property;

     

    5.
      As of
      the Closing Date, the terms of the Mortgage Note and the Mortgage have not
      been
      impaired, waived, altered or modified in any respect, except by written
      instruments, recorded in the applicable public recording office if necessary
      to
      maintain the lien priority of the Mortgage, and which have been delivered to
      the
      Trustee; the substance of any such waiver, alteration or modification has been
      approved by the title insurer, to the extent required by the related policy,
      and
      is reflected on the Mortgage Loan Schedule. No instrument of waiver, alteration
      or modification has been executed, and no Mortgagor has been released, in whole
      or in part, except in connection with an assumption agreement approved by the
      title insurer, to the extent required by the policy, and which assumption
      agreement has been delivered to the Trustee and the terms of which are reflected
      in the Mortgage Loan Schedule;

     

    6.
      The
      Mortgage Note and the Mortgage are not subject to any valid 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 and the Mortgage, or the
      exercise of any right thereunder, render the Mortgage unenforceable, in whole
      or
      in part, or subject to any such valid right of rescission, set-off, counterclaim
      or defense, including the defense of usury and no such valid right of
      rescission, set-off, counterclaim or defense has been asserted with respect
      thereto;

     

    7.
      As of
      the Closing Date, all buildings upon the Mortgaged Property are insured by
      a
      generally acceptable insurer against loss by fire, hazards of extended coverage
      and such other hazards as are customary in the area where the Mortgaged Property
      is located, pursuant to insurance policies conforming to the requirements of
      the
      Servicing Addendum. All such insurance policies contain a standard mortgagee
      clause naming the related Originator, its successors and assigns as mortgagee
      and all premiums thereon are paid current. If upon origination of the Mortgage
      Loan, the Mortgaged Property was in an area identified on a Flood Hazard Map
      or
      Flood Insurance Rate Map issued by the Federal Emergency Management Agency
      as
      having special flood hazards (and such flood insurance has been made available)
      a flood insurance policy meeting the requirements of the current guidelines
      of
      the Federal Insurance Administration is in effect which policy conforms to
      the
      requirements of Fannie Mae and Freddie Mac. Except as may otherwise be limited
      by applicable law, the Mortgage obligates the Mortgagor thereunder to maintain
      all such insurance at the Mortgagor’s cost and expense, and on the Mortgagor’s
      failure to do so, authorizes the holder of the Mortgage to maintain such
      insurance at Mortgagor’s cost and expense and to seek reimbursement therefor
      from the Mortgagor;

     

    8.
      Any
      and all requirements of any federal, state or local law including, without
      limitation, usury, truth in lending, real estate settlement procedures, consumer
      credit protection, equal credit opportunity, disclosure laws and/or all
      predatory and abusive lending laws applicable to the origination and servicing
      of the Mortgage Loan have been complied with. Any and all disclosure statements
      required to be made by the Mortgagor relating to such requirements are and
      will
      remain in the Mortgage File;

     

    9.
      As of
      the Closing Date, the Mortgage has not been satisfied, canceled, subordinated
      or
      rescinded, in whole or in part, and the Mortgaged Property has not been released
      from the lien of the Mortgage, in whole or in part, nor has any instrument
      been
      executed that would effect any such satisfaction, cancellation, subordination,
      rescission or release;

     

    10.
      The
      Mortgage creates a valid first or second lien, as applicable, in the related
      Mortgaged Property as reflected on the Mortgage Loan Schedule;

     

    11.
      The
      related Mortgage is a valid, existing and enforceable first or second lien,
      as
      applicable, on the related Mortgaged Property, including all improvements on
      the
      related Mortgaged Property subject only to (i) the lien of current real property
      taxes and assessments not yet due and payable, (ii) covenants, conditions and
      restrictions, rights of way, easements, mineral right reservations and other
      matters of the public record as of the date of recording of such Mortgage being
      acceptable to mortgage lending institutions generally and specifically referred
      to in the lender’s title insurance policy delivered to the related Originator of
      the related Mortgage Loan and which do not adversely affect the Appraised Value
      of the related Mortgaged Property 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 the related Mortgage or
      the
      use, enjoyment, value (as determined by Appraised Value) or marketability of
      the
      related Mortgaged Property. Any security agreement, chattel mortgage or
      equivalent document related to and delivered in connection with the Mortgage
      Loan establishes and creates a valid, subsisting, enforceable and perfected
      first lien and first priority security interest on the property described
      therein;

     

    12.
      The
      Mortgage Note and the related Mortgage are genuine and each is the legal, valid
      and binding obligation of the maker thereof, enforceable in accordance with
      its
      terms;

     

    13.
      All
      parties to the Mortgage Note and the Mortgage had legal capacity to enter into
      the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage,
      and the Mortgage Note and the Mortgage have been duly and properly executed
      by
      such parties. The Mortgagor is a natural person, at least one Mortgagor is
      a
      party to the Mortgage Note, and the Mortgage is in an individual
      capacity;

     

    14.
      Excluding any Mortgage Loan subject to an escrow holdback, the proceeds of
      the
      Mortgage Loan have been fully disbursed to or for the account of the Mortgagor
      and there is no obligation for the Mortgagee to advance additional funds
      thereunder and any and all requirements as to completion of any on-site or
      off-site improvement and as to disbursements of any escrow funds therefor have
      been complied with. All costs, fees and expenses incurred in making or closing
      the Mortgage Loan and the recording of the Mortgage have been paid, and the
      Mortgagor is not currently entitled to any refund of any amounts paid or due
      to
      the Mortgagee pursuant to the Mortgage Note or Mortgage;

     

    15.
      [Reserved];

     

    16.
      As of
      the Closing Date, 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) in compliance with
      any
      and all applicable “doing business” and licensing requirements of the laws of
      the state wherein the Mortgaged Property is located;

     

    17.
      The
      Mortgage Loan is covered by an ALTA lender’s title insurance policy and, in the
      case of an Adjustable Rate Mortgage Loan, with an adjustable rate mortgage
      endorsement, such endorsement substantially in the form of ALTA Form 6.0 or
      6.1,
      issued by a title insurer and qualified to do business in the jurisdiction
      where
      the Mortgaged Property is located, insuring the Interim Servicer, its successors
      and assigns as to the first priority lien of the Mortgage in the original
      principal amount of the Mortgage Loan and, with respect to an Adjustable Rate
      Mortgage Loan, against any loss by reason of the invalidity or unenforceability
      of the lien resulting from the provisions of the Mortgage providing for
      adjustment in the Mortgage Interest Rate and Monthly Payment. Additionally,
      such
      lender’s title insurance policy affirmatively insures ingress and egress to and
      from the Mortgaged Property, and against encroachments by or upon the Mortgaged
      Property or any interest therein. The related Originator and its successors
      and
      assigns is the sole insured of such lender’s title insurance policy, and such
      lender’s title insurance policy is in full force and effect and will be in full
      force and effect upon the consummation of the transactions contemplated by
      this
      Agreement. Such lender’s title insurance policy does not require the consent of
      or notification to the related insurer for assignment to the
      Purchaser.

     

    18.
      As of
      the Closing Date, no claims have been made under such lender’s title insurance
      policy, and no prior holder of the related Mortgage, including the Company,
      has
      done, by act or omission, anything which would impair the coverage of such
      lender’s title insurance policy;

     

    19.
      As of
      the Closing Date, there is no default, breach, violation or event of
      acceleration existing under the Mortgage or the Mortgage Note and no event
      which, with the passage of time or with notice and the expiration of any grace
      or cure period, would constitute a default, breach, violation or event of
      acceleration; and as of the Closing Date, the Company or the Interim Servicer
      has not waived any default, breach, violation or event of acceleration. For
      purposes of the foregoing, a delinquent payment of less than thirty (30) days
      on
      a Mortgage Loan in and of itself does not constitute a default, breach,
      violation or event of acceleration with respect to such Mortgage
      Loan.

     

    20.
      As of
      the Closing Date, there are no mechanics’ or similar liens or claims which have
      been filed for work, labor or material (and no rights are outstanding that
      under
      law could give rise to such lien) affecting the related Mortgaged Property
      which
      are or may be liens prior to, or equal or coordinate with, the lien of the
      related Mortgage;

     

    21.
      All
      improvements which were considered in determining the Appraised Value of the
      related Mortgaged Property lay wholly within the boundaries and building
      restriction lines of the Mortgaged Property, and no improvements on adjoining
      properties encroach upon the Mortgaged Property. Each appraisal has been
      performed in accordance with the provisions of the Financial Institutions
      Reform, Recovery and Enforcement Act of 1989;

     

    22.
      The
      Mortgage Loan was (i) originated by or in conjunction with a mortgagee approved
      by the Secretary of Housing and Urban Development pursuant to Sections 203
      and
      211 of the National Housing Act, a savings and loan association, a savings
      bank,
      a commercial bank, mortgage banker, credit union, insurance company or similar
      banking institution which is supervised and examined by a federal or state
      authority or (ii) acquired by the Company or its affiliates directly through
      loan brokers or correspondents such that (a) the Mortgage Loan was originated
      in
      conformity with the Underwriting Guidelines and (b) the Company or its
      affiliates approved the Mortgage Loan prior to funding;

     

    23.
      Principal payments on the Mortgage Loan are scheduled to commence no more than
      sixty days after the proceeds of the Mortgage Loan are disbursed. The Mortgage
      Loan bears interest at the Mortgage Interest Rate. The Mortgage Note is payable
      on the first day of each month in Monthly Payments. Interest on the Mortgage
      Loan is calculated on the basis of a 360-day year consisting of twelve 30-day
      months. The Mortgage Note does not permit negative amortization;

     

    24.
      The
      origination and collection practices used by the Company and the Interim
      Servicer, as applicable, with respect to each Mortgage Note and Mortgage have
      been in all respects legal, proper, reasonable and customary in the mortgage
      origination and servicing industry. The Mortgage Loan has been serviced by
      the
      Servicer, the Interim Servicer and any predecessor servicer in accordance with
      the terms of the Mortgage Note and applicable law. With respect to escrow
      deposits and Escrow Payments, if any, all such payments are in the possession
      of, or under the control with, the Servicer or the Interim Servicer, and there
      exist no deficiencies in connection therewith for which customary arrangements
      for repayment thereof have not been made. No escrow deposits or Escrow Payments
      or other charges or payments due the Servicer or the Interim Servicer have
      been
      capitalized under any Mortgage or the related Mortgage Note;

     

    25.
      As of
      the Closing Date, the Mortgaged Property is free of material damage and waste
      and there is no proceeding pending for the total or partial condemnation
      thereof;

     

    26.
      The
      Mortgage and related Mortgage Note contain customary and enforceable provisions
      such as to render the rights and remedies of the holder thereof adequate for
      the
      realization against the Mortgaged Property of the benefits of the security
      provided thereby, including, (i) in the case of a Mortgage designated as a
      deed
      of trust, by trustee’s sale, and (ii) otherwise by judicial foreclosure. As of
      the Closing Date, since the date of origination of the Mortgage Loan, the
      Mortgaged Property has not been subject to any bankruptcy proceeding or
      foreclosure proceeding and the Mortgagor has not filed for protection under
      applicable bankruptcy laws. There is no homestead or other exemption available
      to the Mortgagor, which would materially interfere with the right to sell the
      Mortgaged Property at a trustee’s sale or the right to foreclose the Mortgage.
      As of the Closing Date, the Mortgagor has not notified the Servicer, the Interim
      Servicer or the Company and the Company, the Servicer or the Interim Servicer
      has no knowledge of any relief requested or allowed to the Mortgagor under
      the
      Servicemembers Civil Relief Act formerly known as the Soldiers and Sailors
      Civil
      Relief Act of 1940;

     

    27.
      The
      related Mortgaged Property is not a leasehold estate or, if such Mortgaged
      Property is a leasehold estate, the remaining term of such lease is at least
      five (5) years greater than the remaining term of the related Mortgage
      Note;

     

    28.
      The
      Mortgage Note is not and has not been secured by any collateral except the
      lien
      of the corresponding Mortgage on the Mortgaged Property and the security
      interest of any applicable security agreement or chattel mortgage referred
      to
      above;

     

    29.
      The
      Mortgage File contains an appraisal or insured AVM of the related Mortgaged
      Property made prior to the approval of the Mortgage Loan. In the case of an
      appraisal it was made by a staff or third party qualified appraiser who had
      no
      interest, direct or indirect in the Mortgaged Property or in any loan made
      on
      the security thereof, whose compensation is not affected by the approval or
      disapproval of the Mortgage Loan, for whom no conflict of interest is present
      and who met the minimum qualifications of USPAP;

     

    30.
      In
      the event the Mortgage 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, and no fees or expenses are
      or
      will become payable by the Purchaser to the trustee under the deed of trust,
      except in connection with a trustee’s sale after default by the
      Mortgagor;

     

    31.
      No
      Mortgage Loan contains provisions pursuant to which Monthly Payments are (i)
      paid or partially paid with funds deposited in any separate account established
      by the Company, the Mortgagor, or anyone on behalf of the Mortgagor, (ii) paid
      by any source other than the Mortgagor or (iii) contains any other similar
      provisions which may constitute a “buydown” provision. The Mortgage Loan is not
      a graduated payment mortgage loan and the Mortgage Loan does not have a shared
      appreciation or other contingent interest feature;

     

    32.
      The
      Mortgagor has received all disclosure materials required by applicable law
      with
      respect to the making of a Refinanced Mortgage Loan, and evidence of such
      receipt is and will remain in the Mortgage File;

     

    33.
      The
      Mortgage Note, the Mortgage, the Assignment of Mortgage and any other documents
      required to be delivered with respect to each Mortgage Loan pursuant to the
      Pooling and Servicing Agreement, have been delivered to the Trustee all in
      compliance with the specific requirements of the Pooling and Servicing
      Agreement;

     

    34.
      As of
      the Closing Date, the Mortgaged Property is lawfully occupied under applicable
      law and if it is the borrower’s primary residence is not vacant within ninety
      (90) days of the Closing Date (with notice from and proof of such vacancy by
      the
      Purchaser); 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, have been made or obtained from the appropriate
      authorities;

     

    35.
      The
      Assignment of Mortgage, is in recordable form and (other than with respect
      to
      the blank assignee and the lack of mortgage recordation information) is
      acceptable for recording under the laws of the jurisdiction in which the
      Mortgaged Property is located. When endorsed as provided for in this Agreement,
      the Mortgage Notes will be duly endorsed under applicable law;

     

    36.
      Any
      principal advances made to the Mortgagor prior to the Cut-off Date have been
      consolidated with the outstanding principal amount secured by the Mortgage,
      and
      the secured principal amount, as consolidated, bears a single interest rate
      and
      single repayment term;

     

    37.
      No
      Mortgage Loan has a balloon payment feature;

     

    38.
      If
      the Residential Dwelling on the Mortgaged Property is a condominium unit or
      a
      unit in a planned unit development (other than a de minimis planned unit
      development) such condominium or planned unit development project is not
      ineligible under Fannie Mae’s eligibility requirements;

     

    39.
      [Reserved];

     

    40.
      Each
      Mortgage Loan constitutes a “qualified mortgage” within the meaning of Section
      860G(a)(3) of the Code;

     

    41.
      As of
      the Closing Date, no Mortgage Loan has an LTV of more than 100%;

     

    42.
      No
      Mortgage Loan is a “high cost” mortgage loan, as defined under any applicable
      state, local or federal predatory and abusive lending laws, including, but
      not
      limited to, the Georgia Fair Lending Act and Section 6 L of the New York State
      Banking Law;

     

    43.
      [Reserved];

     

    44.
      [Reserved];

     

    45.
      [Reserved];

     

    46.
      The
      Mortgage Loans are not subject to the requirement of the Home Ownership and
      Equity Protection Act of 1994 (“HOEPA”) and no Mortgage Loan is subject to, or
      in violation of, any applicable state or local law, ordinance or regulation
      similar to HOEPA and (2) (i) no Mortgage Loan is a “high cost” loan as defined
      by HOEPA or any other applicable predatory or abusive lending laws and (ii)
      no
      Mortgage Loan is a “high cost home”, “covered” (excluding home loans defined as
“covered home loans” pursuant to clause (1) of the definition of that term in
      the New Jersey Home Ownership Security Act of 2002), “high risk home” or
“predatory” loan under any other applicable state, federal or local law (or
      similarly classified loan using different terminology under a law imposing
      heightened regulatory scrutiny or additional legal liability for resident
      mortgage loans having high interest rates, points and/or fees);

     

    47.
      [Reserved];

     

    48.
      With
      respect to each Mortgage Loan subject to a Prepayment Charge, such Prepayment
      Charge, at the time of the origination of the related Mortgage Loan, is
      enforceable and in compliance with all applicable local, state and federal
      law
      (except to the extent that the enforceability thereof may be limited by
      bankruptcy, insolvency, moratorium, receivership and other similar laws relating
      to creditors’ rights generally or the collectability thereof may be limited due
      to acceleration in connection with a foreclosure);

     

    49.
      [Reserved];

     

    50.
      As of
      the Closing Date, the Mortgaged Property is being primarily used as a
      Residential Dwelling for residential purposes;

     

    51.
      The
      Company has obtained a life of loan, transferable real estate tax service
      contract on each Mortgage Loan and such contract is assignable without penalty,
      premium or cost to the Purchaser;

     

    52.
      The
      Company has obtained a life of loan, transferable flood certification contract
      for each Mortgage Loan and such contract is assignable without penalty, premium
      or cost to the Purchaser;

     

    53.
      The
      Mortgage Loans conform in all material respects to the Underwriting
      Guidelines;

     

    54.
      No
      Mortgage Loan originated on or after October 1, 2002 and before March 7, 2003
      is
      secured by a Mortgaged Property located in the State of Georgia; No Mortgage
      Loan that was originated on or after March 7, 2003, is a “high-cost home loan”
as defined under the Georgia Fair Lending Act;

     

    55.
      No
      proceeds from any Mortgage Loan were used to finance single-premium credit
      insurance policies;

     

    56.
      No
      subprime Mortgage Loan originated on or after October 1, 2002 will impose a
      Prepayment Charge for a term in excess of three years; No Mortgage Loan
      originated prior to such date nor any non-subprime Mortgage Loan will impose
      prepayment charges in excess of five years;

     

    57.
      In
      connection with any Mortgage Loan, the Interim Servicer 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, on a monthly basis;

     

    58.
      No
      Mortgage Loan is a “high cost”, “covered” or similarly classified loans as
      defined by the applicable federal, state or local predatory and abusive lending
      laws nor is any loan a High Cost Loan or Covered Loan, as applicable (as such
      terms are defined in the then current Standard & Poor’s LEVELS Glossary
      Revised, Appendix E);

     

    59.
      No
      fraud was committed in connection with the origination of any Mortgage Loan;
      provided, however, the Seller does not represent or warrant the accuracy of
      the
      qualifying income stated (provided that such stated income is not grossly
      unreasonable when considering all relevant factors relating to such Mortgagor,
      including without limitation, geographic area, unique expertise, years in the
      field of employment, etc) by the related Mortgagor(s) in connection with a
      Mortgage Loan that does not require income verification as defined in the
      Underwriting Guidelines;

     

    60.
      [Reserved];

     

    61.
      The
      Mortgage Loan was not prepaid in full prior to the Closing Date and the Seller
      has not received written notification from the Mortgagor that a prepayment
      in
      full will be made following the Closing Date;

     

    62.
      [Reserved];

     

    63.
      With
      respect to any Mortgage Loan or the underlying security related thereto, neither
      the related Mortgage nor the related Mortgage Note requires the Mortgagor to
      submit to arbitration to resolve any dispute arising out of or relating in
      any
      way thereto; and

     

    64.
      [Reserved].

     

     

     

     

    EXHIBIT
      E

     

    REQUEST
      FOR RELEASE

     

    TO:         Citibank,
      N.A.

    5280
      Corporate Drive

    MS
      0052

    Frederick,
      MD 21703

    

    
      	
              Re:

            	
              Pooling
                and Servicing Agreement dated as of June 1, 2007, among Citigroup
                Mortgage
                Loan Trust Inc., as Depositor, Ameriquest Mortgage Company, as Servicer,
                Wells Fargo Bank, N.A. as Master Servicer and as Trust Administrator
                and
                U.S. Bank National Association as
                Trustee

            

    

     

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

     

    Mortgage
      Loan Number:

    Mortgagor
      Name, Address & Zip Code:

     

    Reason
      for Requesting Documents (check one):

     

    
      	
              ______________

            	
              1.

            	
              Mortgage
                Paid in Full

            
	 	 	 
	
              ______________

            	
              2.

            	
              Foreclosure

            
	 	 	 
	
              ______________

            	
              3.

            	
              Substitution

            
	 	 	 
	
              ______________

            	
              4.

            	
              Other
                Liquidation (Repurchases, etc.)

            
	 	 	 
	
              ______________

            	
              5.

            	
              Nonliquidation

            

    

    

     

    Reason:______________________________________________

     

    Address
      to which [Custodian][Trustee] should

    Deliver
      the [Custodian's][Trustee’s] Mortgage File:

     

    [____________]

    [____________]

     

    

    
      	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Name:

            
	 	 	 	 	 	 	 	 	
              Title:

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	
              Issuer:

            	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              Address:

            	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	
              Date:

            	 	 	 

    

    

     

    Trustee

     

     

    U.S.
      BANK
      NATIONAL ASSOCIATION

     

     

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

     

    
      	
              _____________________________________

            	 
	
              Signature

            	
              Date

            
	 	 
	
              Documents
                returned to Trustee:

            	 
	 	 
	
              ____________________________________

            	 
	
              Trustee

            	
              Date

            

    

    

    

    EXHIBIT
      F-1

     

    FORM
      OF
      TRANSFEROR REPRESENTATION LETTER

     

    [Date]

    

    Wells
      Fargo Bank, N.A.

    Sixth
      Street and Marquette Avenue

    Minneapolis,
      Minnesota 55479

    Attn:
      Corporate Trust Services: CMLTI 2007-AMC4

    

     

    
      	
               

            	
              Re:

            	
              Citigroup
                Mortgage Loan Trust Inc., Asset-Backed Pass-Through Certificates,
                Series
                2007-AMC4,  Class , representing a % Class Percentage
                Interest

            

    

     

    Ladies
      and Gentlemen:

     

    In
      connection with the transfer by ________________ (the “Transferor”) to
      ________________ (the “Transferee”) of the captioned mortgage pass-through
      certificates (the “Certificates”), the Transferor hereby certifies as
      follows:

     

    Neither
      the Transferor 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,
      (e)
      has taken any other action, that (in the case of each of subclauses (a) through
      (e) above) would constitute a distribution of the Certificates under the
      Securities Act of 1933, as amended (the “1933 Act”), or would render the
      disposition of any Certificate a violation of Section 5 of the 1933 Act or
      any
      state securities law or would require registration or qualification pursuant
      thereto. The Transferor will not act, nor has it authorized or will it authorize
      any person to act, in any manner set forth in the foregoing sentence with
      respect to any Certificate. The Transferor will not sell or otherwise transfer
      any of the Certificates, except in compliance with the provisions of that
      certain Pooling and Servicing Agreement dated as of June 1, 2007, among
      Citigroup Mortgage Loan Trust Inc., as Depositor, Ameriquest Mortgage Company
      as
      Servicer, Wells Fargo Bank, N.A. as Master Servicer and Trust Administrator
      and
      U.S. Bank National Association as Trustee (the “Pooling and Servicing
      Agreement”), pursuant to which Pooling and Servicing Agreement the Certificates
      were issued.

     

    Capitalized
      terms used but not defined herein shall have the meanings assigned thereto
      in
      the Pooling and Servicing Agreement.

     

    
      	 	 	 	 	 	 	 	
              Very
                truly yours,

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              [Transferor]

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Name:

            
	 	 	 	 	 	 	 	 	
              Title:

            

    

    

    

    FORM
      OF
      TRANSFEREE REPRESENTATION LETTER

     

    [Date]

     

    Well
      Fargo Bank,
      N.A.                                                                           

    Sixth
      Street and Marquette Avenue

    Minneapolis,
      Minnesota 55479

    Attn:
      Corporate Trust Services: CMLTI 2007-AMC4

    

     

    [Citibank
      N.A.]

    Collateral
      Management Group

    333
      West
      34th Street, 2nd FL

    New
      York,
      NY  10001

    

    [Swiss
      Re
      Financial Products Corporation]

    

     

    
      	
               

            	
              Re:

            	
              Citigroup
                Mortgage Loan Trust Inc.,  Asset-Backed Pass-Through
                Certificates, Class, Series 2007-AMC4, representing a % Percentage
                Interest  

            

    

     

    Ladies
      and Gentlemen:

     

    In
      connection with the purchase from ______________________ (the “Transferor”) on
      the date hereof of the captioned trust certificates (the “Certificates”),
      _______________ (the “Transferee”) hereby certifies as follows:

     

    1.           The
      Transferee is a “qualified institutional buyer” as that term is defined in Rule
      144A (“Rule 144A”) under the Securities Act of 1933 (the “1933 Act”) and has
      completed either of the forms of certification to that effect attached hereto
      as
      Annex 1 or Annex 2. The Transferee is aware that the sale to it is being made
      in
      reliance on Rule 144A. The Transferee is acquiring the Certificates for its
      own
      account or for the account of a qualified institutional buyer, and understands
      that such Certificate 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.

     

    2.           The
      Transferee has been furnished with all information regarding (a) the
      Certificates and distributions thereon, (b) the nature, performance and
      servicing of the Mortgage Loans, (c) the Pooling and Servicing Agreement
      referred to below, and (d) any credit enhancement mechanism associated with
      the
      Certificates, that it has requested.

     

    3.           With
      respect to a transfer of the Class CE Certificates, the Transferee agrees to
      provide to the Trust Administrator, the Interest Rate Cap Provider and the
      Interest Rate Swap Provider the appropriate tax certification form (i.e. IRS
      Form W-9 or IRS Form W-8BEN, W-8IMY or W-8ECI, as applicable (or any successor
      form thereto)), and agrees to update such forms (i) upon expiration of any
      such
      form, (ii) as required under then applicable U.S. Treasury regulations and
      (iii)
      promptly upon learning that any IRS Form W-9 or IRS Form W-8BEN, W-8IMY or
      W-8ECI, as applicable (or any successor form thereto), has become obsolete
      or
      incorrect.  In addition, if the transfer contemplated hereby causes
      the Net WAC Rate Carryover Reserve Account, the Cap Account or the Swap Account
      to be beneficially owned by two or more persons for federal income tax purposes,
      or continue to be so treated, (a) each Transferee shall comply with the
      foregoing conditions, (b) the proposed majority Holder of the Class CE
      Certificates (or each Holder, if there is or would be no majority Holder) (A)
      shall provide, or cause to be provided, on behalf of the Net WAC Rate Carryover
      Reserve Account, the Cap Account or the Swap Account the appropriate tax
      certification form that would be required from the Net WAC Rate Carryover
      Reserve Account, the Cap Account or the Swap Account to eliminate any
      withholding or deduction for taxes from amounts payable by the Interest Rate
      Cap
      Provider or the Interest Rate Swap Provider, pursuant to the Interest Rate
      Cap
      Agreement or the Interest Rate Swap Agreement, respectively, to the Trust
      Administrator, the Interest Rate Cap Provider and the Interest Rate Swap
      Provider on behalf of the Net WAC Rate Carryover Reserve Account, the Cap
      Account or the Swap Account (i.e. IRS Form W-9 or IRS Form W-8BEN, W-8IMY or
      W-8ECI, as applicable (or any successor form thereto) as a condition to
      transfer, together with any applicable attachments) and (B) each Transferee
      agrees to update such form (x) upon expiration of any such form, (y) as required
      under then applicable U.S. Treasury regulations and (z) promptly upon learning
      that such form has become obsolete or incorrect.

    

    The
      Transferee hereby authorizes the Trust Administrator to provide any such tax
      certification form to the Interest Rate Cap Provider, upon its request, solely
      to the extent the Interest Rate Cap Provider or the Interest Rate Swap Provider
      has not received such IRS Form directly from the Holder of the Class CE
      Certificates.  Each Holder of a Class CE Certificate by its purchase
      of such Certificate is deemed to consent to any such IRS Form being so
      forwarded.  Upon the request of the Interest Rate Cap Provider or the
      Interest Rate Swap Provider, the Trust Administrator shall be required to
      forward any tax certification received by it to the Interest Rate Cap Provider
      or the Interest Rate Swap Provider at the last known address provided to it,
      and, subject to Section 8.01 of the Pooling and Servicing Agreement, shall
      not
      be liable for the receipt of such tax certification by the Interest Rate Cap
      Provider or the Interest Rate Swap Provider nor any action taken or not taken
      by
      the Interest Rate Cap Provider or the Interest Rate Swap Provider with respect
      to such tax certification. Any purported sales or transfers of the Class CE
      Certificate to a Transferee which does not comply with the requirements of
      the
      preceding paragraph shall be deemed null and void under the Pooling and
      Servicing Agreement.  The Trust Administrator shall have no duty to
      take any action to correct any misstatement or omission in any tax certification
      provided to it by the Holder of the Class CE Certificates and forwarded to
      the
      Interest Rate Cap Provider or the Interest Rate Swap Provider.

    

    All
      capitalized terms used but not otherwise defined herein have the respective
      meanings assigned thereto in the Pooling and Servicing Agreement dated as of
      June 1, 2007, among Citigroup Mortgage Loan Trust Inc., as Depositor, Ameriquest
      Mortgage Company, as Servicer, Wells Fargo Bank, N.A. as Master Servicer and
      as
      Trust Administrator and U.S. Bank National Association as Trustee, pursuant
      to
      which the Certificates were issued.

     

    
      	 	 	 	 	 	 	 	
              [Transferee]

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Name:

            
	 	 	 	 	 	 	 	 	
              Title:

            

    

     

     

    ANNEX
      1 TO EXHIBIT F

    QUALIFIED
      INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

     

    [For
      Transferees Other Than Registered Investment Companies]

     

    The
      undersigned hereby certifies as follows to [name of Transferor] (the
“Transferor”) and Wells Fargo Bank, N.A., as Trust Administrator, with respect
      to the mortgage pass-through certificates (the “Certificates”) described in the
      Transferee Certificate to which this certification relates and to which this
      certification is an Annex:

     

    
      	 	
              1.

            	
              As
                indicated below, the undersigned is the President, Chief Financial
                Officer, Senior Vice President or other executive officer of the
                entity
                purchasing the Certificates (the “Transferee”).

            
	 	 	 
	 	
              2.

            	
              In
                connection with purchases by the Transferee, the Transferee is a
                “qualified institutional buyer” as that term is defined in Rule 144A under
                the Securities Act of 1933 (“Rule 144A”) because (i) the Transferee 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 Transferee's most
                recent fiscal year (such amount being calculated in accordance with
                Rule
                144A) and (ii) the Transferee satisfies the criteria in the category
                marked below.

            
	 	 	 
	 	
              ___

            	
              CORPORATION,
                ETC. The Transferee is a corporation (other than a bank, savings
                and loan
                association or similar institution), Massachusetts or similar business
                trust, partnership, or any organization described in Section 501(c)(3)
                of
                the Internal Revenue Code of 1986.

            
	 	 	 
	 	
              ___

            	
              BANK.
                The Transferee (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
                statements, a copy of which is attached hereto.

            
	 	 	 
	 	
              ___

            	
              SAVINGS
                AND LOAN. The Transferee (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

            
	 	 	 
	 	
              ___

            	
              BROKER-DEALER.
                The Transferee is a dealer registered pursuant to Section 15 of the
                Securities Exchange Act of 1934.

            
	 	 	 
	 	
              ___

            	
              INSURANCE
                COMPANY. The Transferee 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 Transferee 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 Transferee is an employee benefit plan within the meaning
                of
                Title I of the Employee Retirement Income Security Act of 1974, as
                amended.

            
	 	 	 
	 	
              ___

            	
              INVESTMENT
                ADVISOR. The Transferee is an investment advisor registered under
                the
                Investment Advisers Act of 1940.

            
	 	 	 
	 	
              3.

            	
              The
                term “SECURITIES” as used herein DOES NOT INCLUDE (i) securities of
                issuers that are affiliated with the Transferee, (ii) securities
                that are
                part of an unsold allotment to or subscription by the Transferee,
                if the
                Transferee is a dealer, (iii) securities issued or guaranteed by
                the U.S.
                or any instrumentality thereof, (iv) bank deposit notes and certificates
                of deposit, (v) loan participations, (vi) repurchase agreements,
                (vii)
                securities owned but subject to a repurchase agreement and (viii)
                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 Transferee, the Transferee
                used
                the cost of such securities to the Transferee and did not include
                any of
                the securities referred to in the preceding paragraph. Further, in
                determining such aggregate amount, the Transferee may have included
                securities owned by subsidiaries of the Transferee, but only if such
                subsidiaries are consolidated with the Transferee in its financial
                statements prepared in accordance with generally accepted accounting
                principles and if the investments of such subsidiaries are managed
                under
                the Transferee's direction. However, such securities were not included
                if
                the Transferee is a majority-owned, consolidated subsidiary of another
                enterprise and the Transferee is not itself a reporting company under
                the
                Securities Exchange Act of 1934.

            
	 	 	 
	 	
              5.

            	
              The
                Transferee acknowledges that it is familiar with Rule 144A and understands
                that the Transferor 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 Transferee may be in reliance on Rule
                144A.

            

    

    

    
      	
              ___

              Yes

            	
              ___

              No

            	
              Will
                the Transferee be purchasing the Certificates only for the Transferee's
                own account?

            

    

    

    
      	 	
              6.

            	
              If
                the answer to the foregoing question is “no”, the Transferee agrees that,
                in connection with any purchase of securities sold to the Transferee
                for
                the account of a third party (including any separate account) in
                reliance
                on Rule 144A, the Transferee 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 Transferee agrees that the
                Transferee will not purchase securities for a third party unless
                the
                Transferee 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
                Transferee 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 Transferee's purchase of the Certificates will
                constitute a reaffirmation of this certification as of the date of
                such
                purchase. In addition, if the Transferee is a bank or savings and
                loan as
                provided above, the Transferee agrees that it will furnish to such
                parties
                updated annual financial statements promptly after they become
                available.

            
	 	 	 
	 	 	 

    

     

    _________________

    
      1           Transferee
        must own and/or invest on a discretionary basis at least $100,000,000 in
        securities unless Transferee is a dealer, and, in that case, Transferee must
        own
        and/or invest on a discretionary basis at least $10,000,000 in
        securities.  $25,000,000 as demonstrated in its latest annual
        financial statements, A COPY OF WHICH IS ATTACHED HERETO.

    

     

    
      	
              Dated:

            	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              Print
                Name of Transferee

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Name:

            
	 	 	 	 	 	 	 	 	
              Title:

            

    

    

    

    ANNEX
      2 TO EXHIBIT F

     

    QUALIFIED
      INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

     

    [For
      Transferees That Are Registered Investment Companies]

     

    The
      undersigned hereby certifies as follows to [name of Transferor] (the
“Transferor”) and Wells Fargo Bank, N.A., as Trust Administrator, with respect
      to the mortgage pass- through certificates (the “Certificates”) described in the
      Transferee Certificate to which this certification relates and to which this
      certification is an Annex:

     

    1.  As
      indicated below, the undersigned is the President, Chief Financial Officer
      or
      Senior Vice President of the entity purchasing the Certificates (the
“Transferee”) or, if the Transferee is a “qualified institutional buyer” as that
      term is defined in Rule 144A under the Securities Act of 1933 (“Rule 144A”)
      because the Transferee is part of a Family of Investment Companies (as defined
      below), is such an officer of the investment adviser (the
“Adviser”).

     

    2.  In
      connection with purchases by the Transferee, the Transferee is a “qualified
      institutional buyer” as defined in Rule 144A because (i) the Transferee is an
      investment company registered under the Investment Company Act of 1940, and
      (ii)
      as marked below, the Transferee alone, or the Transferee'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 Transferee's most recent
      fiscal year. For purposes of determining the amount of securities owned by
      the
      Transferee or the Transferee's Family of Investment Companies, the cost of
      such
      securities was used.

     

    ____
      The
      Transferee owned $___________________ in securities (other than the excluded
      securities referred to below) as of the end of the Transferee's most recent
      fiscal year (such amount being calculated in accordance with Rule
      144A).

     

    ____
      The
      Transferee 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 Transferee'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 Transferee or are part of the Transferee's Family of
      Investment Companies, (ii) securities issued or guaranteed by the U.S. or any
      instrumentality thereof, (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.

     

    5.  The
      Transferee is familiar with Rule 144A and understands that the parties to which
      this certification is being made are relying and will continue to rely on the
      statements made herein because one or more sales to the Transferee will be
      in
      reliance on Rule 144A. In addition, the Transferee will only purchase for the
      Transferee's own account.

     

    6.  The
      undersigned will notify the parties to which this certification is made of
      any
      changes in the information and conclusions herein. Until such notice, the
      Transferee's purchase of the Certificates will constitute a reaffirmation of
      this certification by the undersigned as of the date of such
      purchase.

     

    
      	 	 	 	 	 	 	 	
              Dated:

            	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              Print
                Name of Transferee or Advisor

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Name:

            
	 	 	 	 	 	 	 	 	
              Title:

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              IF
                AN ADVISER:

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              Print
                Name of Transferee

            

    

    

    

    

    FORM
      OF TRANSFEREE REPRESENTATION LETTER

     

    The
      undersigned hereby certifies on behalf of the purchaser named below (the
“Purchaser”) as follows:

     

    
      	
              1.

            	
              I
                am an executive officer of the Purchaser.

            
	 	 
	
              2.

            	
              The
                Purchaser is a “qualified institutional buyer”, as defined in Rule 144A,
                (“Rule 144A”) under the Securities Act of 1933, as
                amended.

            
	 	 
	
              3.

            	
              As
                of the date specified below (which is not earlier than the last day
                of the
                Purchaser's most recent fiscal year), the amount of “securities”, computed
                for purposes of Rule 144A, owned and invested on a discretionary
                basis by
                the Purchaser was in excess of
                $100,000,000.

            

    

    

    
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              Name
                of Purchaser

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Name:

            
	 	 	 	 	 	 	 	 	
              Title:

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	
              Date
                of this certificate:

            
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
              Date
                of information provided in paragraph
                3

            

    

    

    

    

    EXHIBIT
      F-2

     

    FORM
      OF
      RESIDUAL CERTIFICATE TRANSFER AFFIDAVIT

     

    
      	
              STATE
                OF

            	
              )

            	 
	 	
              )

            	
              ss.:

            
	
              COUNTY
                OF

            	
              )

            	 

    

    

     

    The
      undersigned, being first duly sworn, deposes and says as follows:

     

    1.  The
      undersigned is an officer of the proposed Transferee of an Ownership Interest
      in
      a Residual Certificate (the “Certificate”) issued pursuant to the Pooling
      and Servicing Agreement dated as of June 1, 2007 (the “Agreement”), among
      Citigroup Mortgage Loan Trust Inc., as depositor (the “Depositor”),
      Ameriquest Mortgage Company as Servicer, (the “Servicer”), Wells Fargo Bank,
      N.A. as master servicer (the “Master Servicer”) and as trust
      administrator (the “Trust Administrator”) and U.S. Bank National
      Association, as trustee (the “Trustee”).  Capitalized terms
      used, but not defined herein or in Exhibit 1 hereto, shall have the
      meanings ascribed to such terms in the Agreement.  The Transferee has
      authorized the undersigned to make this affidavit on behalf of the Transferee
      for the benefit of the Depositor and the Trustee.

     

    2.  The
      Transferee is, as of the date hereof, and will be, as of the date of the
      Transfer, a Permitted Transferee.  The Transferee is acquiring its
      Ownership Interest in the Certificate for its own account.  The
      Transferee has no knowledge that any such affidavit is false.

     

    3.  The
      Transferee has been advised of, and understands that (i) a tax will be
      imposed on Transfers of the Certificate 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 the subsequent Transferee furnished 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.

     

    4.  The
      Transferee has been advised of, and understands that a tax will be imposed
      on a
“pass-through entity” holding the Certificate 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 Transferee
      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.)

     

    5.  The
      Transferee has reviewed the provisions of Section 5.02(d) of the Agreement
      and understands the legal consequences of the acquisition of an Ownership
      Interest in the Certificate including, without limitation, the restrictions
      on
      subsequent Transfers and the provisions regarding voiding the Transfer and
      mandatory sales.  The Transferee expressly agrees to be bound by and
      to abide by the provisions of Section 5.02(d) of the Agreement and the
      restrictions noted on the face of the Certificate.  The Transferee
      understands and agrees that any breach of any of the representations included
      herein shall render the Transfer to the Transferee contemplated hereby null
      and
      void.

     

    6.  The
      Transferee agrees to require a Transfer Affidavit from any Person to whom the
      Transferee attempts to Transfer its Ownership Interest in the Certificate,
      and
      in connection with any Transfer by a Person for whom the Transferee is acting
      as
      nominee, trustee or agent, and the Transferee will not Transfer its Ownership
      Interest or cause any Ownership Interest to be Transferred to any Person that
      the Transferee knows is not a Permitted Transferee.  In connection
      with any such Transfer by the Transferee, the Transferee agrees to deliver
      to
      the Trust Administrator a certificate substantially in the form set forth as
      Exhibit L to the Agreement (a “Transferor Certificate”) to the
      effect that such Transferee has no actual knowledge that the Person to which
      the
      Transfer is to be made is not a Permitted Transferee.

     

    7.  The
      Transferee 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 payable
      with respect to the Certificate may exceed the cash flow with respect thereto
      in
      some or all periods and intends to pay such taxes as they become
      due.  The Transferee does not have the intention to impede the
      assessment or collection of any tax legally required to be paid with respect
      to
      the Certificate.

     

    8.  The
      Transferee’s taxpayer identification number is ___________.

     

    9.  The
      Transferee is a U.S. Person as defined in Code
      Section 7701(a)(30).

     

    10.  The
      Transferee is aware that the Certificate may be a “noneconomic residual
      interest” within the meaning of proposed Treasury regulations promulgated
      pursuant to 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.

     

    11.  The
      Transferee will not cause income from the Certificate to be attributable to
      a
      foreign permanent establishment or fixed base, within the meaning of an
      applicable income tax treaty, of the Transferee or any other U.S.
      person.

     

    12.  Check
      one
      of the following:

     

      o
      The present value of
      the anticipated tax liabilities associated with holding the Certificate, as
      applicable, does not exceed the sum of:

     

    
      	
               

            	
              (i)

            	
              the
                present value of any consideration given to the Transferee to acquire
                such
                Certificate;

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                present value of the expected future distributions on such Certificate;
                and

            

    

     

    
      	
               

            	
              (iii)

            	
              the
                present value of the anticipated tax savings associated with holding
                such
                Certificate as the related REMIC generates
                losses.

            

    

     

    For
      purposes of this calculation, (i) the Transferee is assumed to pay tax at the
      highest rate currently specified in Section 11(b) 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) of the Code if the Transferee 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 (ii) 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
      Transferee.

     

      The
      transfer of the Certificate complies with U.S. Treasury Regulations Sections
      1.860E-1(c)(5) and (6) and, accordingly,

     

    
      	
               

            	
              (i)

            	
              the
                Transferee is an “eligible corporation,” as defined in U.S. Treasury
                Regulations Section 1.860E-1(c)(6)(i), as to which income from the
                Certificate will only be taxed in the United
                States;

            

    

     

    
      	
               

            	
              (ii)

            	
              at
                the time of the transfer, and at the close of the Transferee’s two fiscal
                years preceding the year of the transfer, the Transferee had gross
                assets
                for financial reporting purposes (excluding any obligation of a person
                related to the Transferee within the meaning of U.S. Treasury Regulations
                Section 1.860E-1(c)(6)(ii)) in excess of $100 million and net assets
                in
                excess of $10 million;

            

    

     

    
      	
               

            	
              (iii)

            	
              the
                Transferee will transfer the Certificate only to another “eligible
                corporation,” as defined in U.S. Treasury Regulations Section
                1.860E-1(c)(6)(i), in a transaction that satisfies the requirements
                of
                Sections 1.860E-1(c)(4)(i), (ii) and (iii) and Section 1.860E-1(c)(5)
                of
                the U.S. Treasury Regulations;
                and

            

    

     

    
      	
               

            	
              (iv)

            	
              the
                Transferee determined the consideration paid to it to acquire the
                Certificate 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 Transferee) that it has determined in good
                faith.

            

    

     

     o
      None of the
      above.

     

    13.  The
      Transferee is not an employee benefit plan that is subject to Title I of ERISA
      or a plan that is subject to Section 4975 of the Code or a plan subject to
      any Federal, state or local law that is substantially similar to Title I of
      ERISA or Section 4975 of the Code, and the Transferee is not acting on behalf
      of
      or investing plan assets of such a plan.

     

    IN
      WITNESS WHEREOF, the Transferee has caused this instrument to be executed on
      its
      behalf, pursuant to authority of its Board of Directors, by its duly authorized
      officer and its corporate seal to be hereunto affixed, duly attested, this
           day of
                  ,
      20  .

     

    

    
      	 	 	 	 	 	 	 	
              [NAME
                OF TRANSFEREE]

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Name:

            
	 	 	 	 	 	 	 	 	
              Title:

            

    

     

    

     

     [Corporate
      Seal]

     

    ATTEST:

    
      	 

    

     [Assistant]
      Secretary

     

    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 Transferee, and acknowledged that he executed the same as his free act
      and
      deed and the free act and deed of the Transferee.

     

    Subscribed
      and sworn before me this      day of
         ,
      20  .

     

    

    
      	 	 
	 	
              NOTARY
                PUBLIC

            
	 	 
	 	
              My
                Commission expires the __ day

              of
                _________, 20__

            

    

    

     

     

    FORM
      OF
      TRANSFEROR AFFIDAVIT

     

    
      	
              STATE
                OF NEW YORK

            	
              )

            	 
	 	
              )

            	 
	
              COUNTY
                OF NEW YORK

            	
              )

            	 

    

    

     

    __________________________,
      being duly sworn, deposes, represents and warrants as follows:

     

    1.  I
      am a
      ____________________ of ____________________________ (the “Owner”), a
      corporation duly organized and existing under the laws of ______________, on
      behalf of whom I make this affidavit.

     

    2.  The
      Owner
      is not transferring the Class R Certificates or Class R-X Certificates (the
      “Residual Certificates”) to impede the assessment or collection of any
      tax.

     

    3.  The
      Owner
      has no actual knowledge that the Person that is the proposed transferee (the
      “Purchaser”) of the Residual Certificates: (i) has insufficient assets to pay
      any taxes owed by such proposed transferee as holder of the Residual
      Certificates; (ii) may become insolvent or subject to a bankruptcy proceeding
      for so long as the Residual Certificates remain outstanding and (iii) is not
      a
      Permitted Transferee.

     

    4.  The
      Owner
      understands that the Purchaser has delivered to the Trust Administrator 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.

     

    5.  At
      the
      time of transfer, the Owner has 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 Owner
      has
      determined that the Purchaser has historically paid its debts as they became
      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 Owner
      understands that the transfer of a Residual Certificate may not be respected
      for
      United States income tax purposes (and the Owner may continue to be liable
      for
      United States income taxes associated therewith) unless the Owner has conducted
      such an investigation.

     

    6.  Capitalized
      terms not otherwise defined herein shall have the meanings ascribed to them
      in
      the Pooling and Servicing Agreement.

     

    IN
      WITNESS WHEREOF, the Owner has caused this instrument to be executed on its
      behalf, pursuant to the authority of its Board of Directors, by its [Vice]
      President, attested by its [Assistant] Secretary, this ____ day of ___________,
      20__.

     

    
      	 	 	 	 	 	 	 	
              [OWNER]

            	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Name:

            
	 	 	 	 	 	 	 	 	
              Title:  [Vice]
                President

            

    

    

    
      	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	
              ATTEST

            
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	
              By:

            	 
	 	
              Name:

            
	 	
              Title:  [Assistant]
                Secretary

            

    

    

     

    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 a [Vice] President 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:

            

    

    

     

     

    EXHIBIT
      G

     

    FORM
      OF
      CERTIFICATION WITH RESPECT TO ERISA AND THE CODE

     

    [Date]

     

    Well
      Fargo Bank, N.A.

    Sixth
      Street and Marquette Avenue

    Minneapolis,
      Minnesota 55479

    Attn:
      Corporate Trust Services: CMLTI 2007-AMC4

    

     

    Re:           Citigroup
      Mortgage Loan Trust Inc.

    Asset-Backed
      Pass-Through
      Certificates, Series 2007-AMC4, Mortgage Class

     

    Dear
      Sirs:

     

    _______________________
      (the “Transferee”) intends to acquire from _____________________ (the
“Transferor”) $____________ Initial Certificate Principal Balance of Citigroup
      Mortgage Loan Trust Inc., Series 2007-AMC4, Asset-Backed Pass-Through
      Certificates, Class [CE] [P] [R] (the “Certificates”), issued pursuant to a
      Pooling and Servicing Agreement dated as of June 1, 2007 (the
“Agreement”), among Citigroup Mortgage Loan Trust Inc., as depositor (the
“Depositor”), Ameriquest Mortgage Company as servicer (the “Servicer”),
      Wells Fargo Bank, N.A. as master servicer and trust administrator (the
“Master Servicer” and the “Trust Administrator”) and U.S. Bank
      National Association as trustee (the “Trustee”). Capitalized terms used
      herein and not otherwise defined shall have the meanings assigned thereto in
      the
      Pooling and Servicing Agreement. The Transferee hereby certifies, represents
      and
      warrants to, and covenants with the Depositor, the Trust Administrator, the
      Trustee, the Master Servicer and the Servicer that:

     

    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 Section 406 of ERISA or Section 4975 of the Internal Revenue
      Code of 1986 (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, as modified by Section 3(42)
      of ERISA, of a Plan, and (iii) will not be transferred to any entity that is
      deemed to be investing in plan assets of a Plan.

     

    

    
      	 	 	 	 	 	 	 	
              Very
                truly yours,

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Name:

            
	 	 	 	 	 	 	 	 	
              Title:

            

    

    

    

    EXHIBIT
      H-1

     

    FORM
      CERTIFICATION TO BE PROVIDED BY THE MASTER SERVICER WITH FORM 10-K

     

    
      	
              Re:

            	
              Citigroup
                Mortgage Loan Trust Inc., Series 2007-AMC4 Asset-Backed Pass-Through
                Certificates, Series 2007-AMC4

            

    

    

     

    I,
      [_____], certify that:

     

    l.           I
      have reviewed this annual 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 Citigroup Mortgage Loan Trust Inc., Asset-Backed Pass-Through
      Certificates, Series 2007-AMC4 (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.           Based
      on my knowledge and upon the annual compliance statement required in this report
      under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act
      periodic reports, the Servicer has fulfilled each of its obligations under
      the
      servicing agreement; 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: Ameriquest Mortgage Company and
      Countrywide Home Loans Servicing LP.

     

    Date:
      [__], 2007

     

     

    
      	 	 	 	 	 	 	 	
              WELLS
                FARGO BANK, N.A.

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	
              Name:

            	 
	 	 	 	 	 	 	 	
              Title:

            	 
	 	 	 	 	 	 	 	
              Date:

            	 

    

    

     

     

    EXHIBIT
      H-2

     

    FORM
      CERTIFICATION TO BE PROVIDED TO MASTER SERVICER BY THE SERVICER

     

    
      	
              Re:

            	
              Citigroup
                Mortgage Loan Trust Inc., Series 2007-AMC4

              Asset-Backed
                Pass-Through Certificates, Series
                2007-AMC4

            

    

    

    Ameriquest
      Mortgage Company as Servicer (the “Company”) hereby certifies to the Master
      Servicer 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 any Subservicer’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, the Master Servicer and/or the Trust
      Administrator 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/or the Trust Administrator;

     

    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 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 this
      Agreement, and the Servicing Assessment and Attestation Report required to
      be
      provided by any Subservicer and Subcontractor pursuant to the Agreement, have
      been provided to the Depositor, the Master Servicer and/or the Trust
      Administrator.  Any material instances of noncompliance described in
      such reports have been disclosed to the Depositor, the Master Servicer and/or
      the Trust Administrator.  Any material instance of noncompliance with
      the Servicing Criteria has been disclosed in such reports.

     

    Capitalized
      terms used but not defined herein have the meanings ascribed to them in the
      Pooling and Servicing Agreement, dated June 1, 2007 (the “Pooling and Servicing
      Agreement”), among the Depositor as depositor, Ameriquest Mortgage Company as
      Servicer, Wells Fargo Bank, N.A. as master servicer and as trust administrator
      and U.S. Bank National Association as trustee.

     

    
      	 	 	 	 	 	 	 	
              [AMERIQUEST
                MORTGAGE COMPANY]

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              Name:

            	 
	 	 	 	 	 	 	 	Title:	 
	 	 	 	 	 	 	 	Date:	 

    

          

     

    

    EXHIBIT
      H-3

     

    FORM
      OF
      CERTIFICATION TO BE PROVIDED TO THE MASTER SERVICER BY THE BACKUP SERVICER
      (IN
      ITS CAPACITY AS SUCESSOR SERVICER)

     

    
      	
              Re:  

            	
              The
                [                   ]
                agreement dated as of [      ], 200[
                ] (the “Agreement”), among [IDENTIFY
                PARTIES]

            

    

     

    I,
      ________________________________, the _______________________ of Countrywide
      Home Loans, Inc., certify to [the Master Servicer], [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 Countrywide provided in
      accordance with Item 1123 of Regulation AB (the “Compliance Statement”), the
      report on assessment of Countrywide’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 Countrywide during 200[ ] that were delivered
      by Countrywide to the [Depositor] [Master Servicer] [Securities Administrator]
      or [Trustee] pursuant to the Pooling and Servicing Agreement (collectively,
      the
“Company Servicing Information”);

     

    (2)           Based
      on my knowledge, Countrywide 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 Countrywide Servicing Information;

     

    (3)           Based
      on my knowledge, all of Countrywide Servicing Information required to be
      provided by Countrywide under the Pooling and Servicing Agreement has been
      provided to the [Depositor] [Master Servicer] [Securities Administrator] or
      [Trustee];

     

    (4)           I
      am responsible for reviewing the activities performed by Countrywide as servicer
      under the Pooling and Servicing 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, Countrywide has fulfilled its obligations under the Pooling
      and Servicing Agreement; and

     

    

    [Intentionally
      Left Blank]

     

    (5)           The
      Compliance Statement required to be delivered by Countrywide pursuant to the
      Pooling and Servicing Agreement, and the Servicing Assessment and Attestation
      Report required to be provided by Countrywide and by each Subservicer and
      Participating Entity pursuant to the Pooling and Servicing 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:	 	 
	 	 	 	 

    

     

     

    

    EXHIBIT
      I

    

    FORM
      OF
      INTEREST RATE CAP AGREEMENT

     

    
    
    

     

    
      
        	
                DATE:

              	
                29-Jun-07

              
	
                 

              	
                 

              
	
                TO:

              	
                Wells
                  Fargo Bank, N.A., not individually, but solely as Cap Trustee on
                  behalf of
                  the Cap Trust with respect to the Citigroup Mortgage Loan Trust
                  2007-AMC4,
                  Asset-Backed Pass-Through Certificates, Series
                  2007-AMC4

              
	
                 

              	
                9062
                  Old Annapolis
                  Road

              
	
                 

              	
                Columbia,
                  Maryland
                  21045

              
	
                 

              	
                Attention:
                  Client Manager – CMLTI
                  2007-AMC4

              
	
                 

              	
                Phone:
                  (410)
                  884-2000

              
	
                 

              	
                Fax:
                  (410)
                  715-2380

              
	
                 

              	
                 

              
	
                FROM:

              	
                Swiss
                  Re Financial Products Corporation

              
	
                 

              	
                 

              
	
                SUBJECT:

              	
                Fixed
                  Income Derivatives Confirmation

              
	
                 

              	
                 

              
	
                REFERENCE
                  NUMBER:

              	
                SRFP
                  Ref: 1558983

              

      

    

     

    The
      purpose of this long-form confirmation (“Long-form
      Confirmation”) is to confirm the terms and conditions
      of the current Transaction entered into on the Trade Date specified below (the
      “Transaction”) between Swiss Re Financial Products Corporation
      (“Party A”) and Wells Fargo Bank, N.A.,
      not individually, but solely as cap trustee (the “Cap Trustee”) on behalf of the
      cap trust with respect to the Citigroup Mortgage Loan Trust 2007-AMC4,
      Asset-Backed Pass-Through Certificates, Series 2007-AMC4 (the “Cap Trust”)
      (“Party B”) created under the Pooling and Servicing Agreement,
      dated as of June 1, 2007, among Citigroup Mortgage Loan Trust Inc. (the
“Depositor”), Ameriquest Mortgage Company (the “Servicer”), Wells Fargo Bank,
      N.A. (the “Master Servicer” and “Trust Administrator”), and U.S. Bank National
      Association (the “Trustee”) (the “Pooling and
      Servicing Agreement”).  This Long-form 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.  Item 2 of this
      Long-form Confirmation constitutes a “Confirmation” as referred
      to in the ISDA Master Agreement (defined below); Item 3 of this Long-form
      Confirmation constitutes a “Schedule” as referred to in the
      ISDA Master Agreement; and Annex A hereto constitutes Paragraph 13 of a Credit
      Support Annex to the Schedule.

    

    
      	
              Item
                1.

            	
              The
                Confirmation set forth at Item 2 hereof 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 Long-form 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.

            

    

    

    
      	
              Item
                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
                Calculation Period on Schedule I attached hereto.

            
	 	 
	
              Trade
                Date:

            	
              June
                13, 2007

            
	 	 
	
              Effective
                Date:

            	
              September
                25, 2007

            
	 	 
	
              Termination
                Date:

            	
              June
                25, 2008, subject to adjustment in accordance with the Business Day
                Convention

            
	 	 
	
              Fixed
                Amounts:

            	 
	 	 
	
              Fixed
                Rate Payer:

            	
              Party
                B

            
	 	 
	
              Fixed
                Rate Payer

            	 
	
              Payment
                Date:

            	
              June
                29, 2007

            
	 	 
	
              Fixed
                Amount:

            	
              $574,000

            
	 	 
	
              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
                October 25, 2007, and ending on the Termination Date, subject to
                adjustment in accordance with the Business Day
                Convention.

            
	 	 
	
              Floating
                Rate Payer

            	 
	
              Payment
                Dates:

            	
              Early
                Payment shall be applicable.  The Floating Rate Payer Payment
                Date shall be two (2) Business Day preceding each Floating Rate Payer
                Period End Date.

            
	 	 
	
              Floating
                Rate Option:

            	
              USD-LIBOR-BBA

            
	 	 
	
              Cap
                Rate:

            	
              5.50%

            
	 	 
	
              Floating
                Amount:

            	
              To
                be determined in accordance with the following formula:

            
	 	 
	 	
              The
                greater of (i) Scale Factor*(Floating Rate Option – Cap Rate)*Notional
                Amount*Floating Rate Day Count Fraction, and (ii) zero.

            
	 	 
	
              Designated
                Maturity:

            	
              One
                month

            
	 	 
	
              Floating
                Rate Day

            	 
	
              Count
                Fraction:

            	
              Actual/360

            
	 	 
	
              Scale
                Factor

            	
              250

            
	 	 
	
              Reset
                Dates:

            	
              The
                first day of each Calculation Period.

            
	 	 
	
              Compounding:

            	
              Inapplicable

            
	 	 
	
              Business
                Days:

            	
              New
                York

            
	 	 
	
              Business
                Day Convention:

            	
              Following

            

    

     

     

    Item
      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 Moody’s Second Trigger Downgrade
                Event has occurred and is continuing and at least 30 Local Business
                Days
                have elapsed since such Moody’s Second Trigger Downgrade Event first
                occurred.

            

    

    

    
      	
              (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); 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 Moody’s Second Trigger Downgrade
                Event has occurred and is continuing and at least 30 Local Business
                Days
                have elapsed since such Moody’s Second Trigger Downgrade Event first
                occurred.

            

    

    

    
      	
              (iv)  

            	
              The
                “Misrepresentation” provisions of Section 5(a)(iv) will
                apply to Party A and will not apply to Party
                B.

            

    

    

    
      	
              (v)  

            	
              The
                “Default under Specified Transaction” provisions of
                Section 5(a)(v) will apply to Party A and will not apply to Party
                B.

            

    

    

    
      	
              (vi)  

            	
              The
                “Cross Default” provisions of Section 5(a)(vi) will apply
                to Party A and will not apply to Party B.  For purposes of
                Section 5(a)(vi), solely with respect to Party
                A:

            

    

    

    “Specified
      Indebtedness” will have the meaning specified in Section 14, except that such
      term shall not include insurance contracts entered into in the ordinary course
      of Party A’s Credit Support Provider’s insurance 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, a guarantor under an
      Eligible Guarantee with credit ratings at least equal to the S&P Required
      Ratings Threshold and the Moody’s Second Trigger Threshold, (as shown in the
      most recent annual audited financial statements of such entity 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; provided, however, that, for
                purposes of applying Section 5(a)(vii) to Party B: (A) Section
                5(a)(vii)(2) shall not apply, (B) Section 5(a)(vii)(3) shall not
                apply to
                any assignment, arrangement or composition that is effected by or
                pursuant
                to the Pooling and Servicing Agreement, (C) Section 5(a)(vii)(4)
                shall not
                apply to a proceeding instituted, or a petition presented, by Party
                A or
                any of its Affiliates (for purposes of Section 5(a)(vii)(4), Affiliate
                shall have the meaning set forth in Section 14, notwithstanding anything
                to the contrary in this Agreement), (D) Section 5(a)(vii)(6) shall
                not
                apply to any appointment that is effected by or pursuant to the Pooling
                and Servicing Agreement, or any appointment to which Party B has
                not yet
                become subject; (E) Section 5(a)(vii) (7) shall not apply; (F) Section
                5(a)(vii)(8) shall apply only to the extent of any event which has
                an
                effect analogous to any of the events specified in clauses (1), (3),
                (4),
                (5) or (6) of Section 5(a)(vii), in each case as modified in this
                Part
                1(c)(vii), and (G) Section 5(a)(vii)(9) shall not
                apply.

            

    

    

    
      	
              (viii)  

            	
              The
                “Merger Without Assumption” provisions of Section
                5(a)(viii) will apply to Party A and will  not apply to Party
                B.

            

    

    

    (d)           Termination
      Events.

    

    The
      statement below that a Termination Event will apply to a specific party means
      that upon the occurrence of such a Termination Event, if such specific party
      is
      the Affected Party with respect to a Tax Event, the Burdened Party with respect
      to a Tax Event Upon Merger (except as noted below) or the non-Affected Party
      with respect to a Credit Event Upon Merger, as the case may be, such specific
      party shall have the right to designate an Early Termination Date in accordance
      with Section 6 of this Agreement; conversely, the statement below that such
      an
      event will not apply to a specific party means that such party shall not have
      such right; provided, however, with respect to “Illegality” the statement that
      such event will apply to a specific party means that upon the occurrence of
      such
      a Termination Event with respect to such party, either party shall have the
      right to designate an Early Termination Date in accordance with Section 6 of
      this Agreement.

    

    (i)           The
      “Illegality” provisions of Section 5(b)(i) will apply to Party
      A and will apply to Party B.

    

    
      	
               

            	
              (ii)

            	
              The
                “Tax Event” provisions of Section 5(b)(ii) will apply to
                Party A 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, notwithstanding anything
                to
                the contrary in this Agreement, if an Early Termination Date has
                been
                designated as a result 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 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 Eligible Replacement 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:

            

    

    

    “Settlement
      Amount” means, with respect to any Early Termination Date, an
      amount (as determined by Party B) equal to:

    

    
      	
               

            	
              (a)

            	
              if,
                on or prior to such Early Termination Date, a Market Quotation for
                the
                relevant Terminated Transaction or group of Terminated Transactions
                is
                accepted by Party B at the written direction of the Depositor so
                as to
                become legally binding, the Termination Currency Equivalent of the
                amount
                (whether positive or negative) of such Market
                Quotation;

            

    

    

    
      	
               

            	
              (b)

            	
              if,
                on such Early Termination Date, no Market Quotation for the relevant
                Terminated Transaction or group of Terminated Transactions has been
                accepted by Party B at the written direction of the Depositor so
                as to
                become legally binding and one or more Market Quotations from Approved
                Replacements have been communicated to Party B and remain capable
                of
                becoming legally binding upon acceptance by Party B, the Termination
                Currency Equivalent of the amount (whether positive or negative)
                of the
                lowest of such Market Quotations (for the avoidance of doubt, (I)
                a Market
                Quotation expressed as a negative number is lower than a Market Quotation
                expressed as a positive number and (II) the lower of two Market Quotations
                expressed as negative numbers is the one with the largest absolute
                value);
                or

            

    

    

    
      	
               

            	
              (c)

            	
              if,
                on such Early Termination Date, 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 has been communicated to Party B and remains
                capable
                of becoming legally binding upon acceptance by Party B, 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 at the written direction of the Depositor requests Party
                A in
                writing to obtain Market Quotations, Party A shall use its reasonable
                efforts to do so before the Early Termination
                Date.

            

    

    

    
      	
               

            	
              (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:

            

    

    

    “(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 against any amount payable by Party B under
      the
      immediately preceding clause (I).”

    

    
      	
               

            	
              (E)

            	
              At
                any time on or before the Early Termination Date at which two or
                more
                Market Quotations from Approved Replacements have been communicated
                to
                Party B and remain capable of becoming legally binding upon acceptance
                by
                Party B, Party B shall be entitled to accept only the lowest of such
                Market Quotations (for the avoidance of doubt, (I) a Market Quotation
                expressed as a negative number is lower than a Market Quotation expressed
                as a positive number and (II) the lower of two Market Quotations
                expressed
                as negative numbers is the one with the largest absolute
                value).

            

    

    

    
      	
               

            	
              (F)

            	
              In
                determining whether or not a Firm Offer satisfies clause (B)(y) of
                the
                definition of Replacement Transaction and whether or not a proposed
                transfer satisfies clause (e)(B)(y) of the definition of Permitted
                Transfer, Party B shall act in a commercially reasonable
                manner.

            

    

    

    
      	
              (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).

     

    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):

    

    None.

    

    (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
      represents that it is a corporation organized under the laws of the State of
      Delaware.

    

    (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.

            

    

    

    
      	
               

            	
              (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.

    

    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)
                an original properly completed and executed United States Internal
                Revenue
                Service Form W-9 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, which
                forms
                are received by Party B in accordance with the Pooling and Servicing
                Agreement.

            	 	
              (i)
                on or before the first payment date under this Agreement, including
                any
                Credit Support Document, (ii) promptly upon the reasonable demand
                by Party
                A, (iii) prior to the expiration or obsolescence of any previously
                delivered form, and (iv) promptly upon the information on any such
                previously delivered form becoming inaccurate or
                incorrect.

            

    

    

    

    (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, each 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, each 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, each  Confirmation, and any relevant Credit Support
                Document, as the case may be

            	 	
              Upon
                the execution and delivery of this Agreement

            	
              Yes

            
	 	 	 	 	 	 
	
              Party
                A

            	 	
              Annual
                Report of Party A’s Credit Support Provider containing consolidated
                financial statements certified by independent certified public accountants
                and prepared in accordance with generally accepted accounting principles
                in the country in which Party A’s Credit Support Provider is
                organized

            	 	
              Promptly
                upon becoming publicly available

            	
              Yes

            
	 	 	 	 	 	 
	
              Party
                A

            	 	
              Semi
                Annual Financial Statements of Party A’s Credit Support Provider
                containing unaudited, consolidated financial statements of Party
                A’s
                Credit Support Provider’s Interim Report prepared in accordance with
                generally accepted accounting principles in the country in which
                Party A’s
                Credit Support Provider is organized

            	 	
              Promptly
                upon becoming publicly available

            	
              Yes

            
	 	 	 	 	 	 
	
              Party
                A

            	 	
              A
                guarantee of Swiss Reinsurance Company

            	 	
              Upon
                the execution and delivery of this Agreement

            	
              No

            
	 	 	 	 	 	 
	
              Party
                A

            	 	
              An
                opinion of counsel to Party A’s guarantor

            	 	
              Upon
                the execution and delivery of this Agreement

            	
              No

            
	 	 	 	 	 	 
	
              Party
                B

            	 	
              An
                opinion of counsel relating to the Pooling and Servicing Agreement
                and the
                other principal transaction documents reasonably acceptable to Party
                A

            	 	
              Upon
                the execution and delivery of this Agreement

            	
              No

            
	 	 	 	 	 	 
	
              Party
                A

            	 	
              Description
                of all current credit ratings of Party A by each Rating Agency then
                rating
                Party A

            	 	
              Promptly
                upon request by Party B

            	
              No

            
	 	 	 	 	 	 
	
              Party
                B

            	 	
              Final
                executed version of the Pooling and Servicing Agreement

            	 	
              Promptly
                upon such final version becoming publicly available

            	
              No

            
	 	 	 	 	 	 

    

    

    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:

            	
              Swiss
                Re Financial Products Corporation

            
	 	
              55
                East 52nd
                Street

            
	 	
              New
                York, New York 10055

            
	
              Attention:

            	
              Head
                of Operations

            
	
              Facsimile:

            	
              (917)
                322-7201

            

    

    

    With
      a copy to:

    

    
      	
              Address:

            	
              Swiss
                Re Financial Products Corporation

            
	 	
              55
                East 52nd
                Street

            
	 	
              New
                York, New York 10055

            
	
              Attention:

            	
              Legal
                Department

            
	
              Facsimile:

            	
              (917)
                317-5474

            

    

    

    (For
      all
      purposes)

    

    Address
      for notices or communications
      to Party B:

    

    
      	
              Address:

            	
              Wells
                Fargo Bank, N.A.

            
	 	
              9062
                Old Annapolis
                Road

            
	 	
              Columbia,
Maryland
                21045

            
	
              Attention:

            	
              Client
                Manager /CMLTI 2007-AMC4

            
	
              Facsimile:

            	
              (410)
                884-2000

            
	
              Phone:

            	
              (410)
                715-2380

            

    

    

    (For
      all
      purposes)

    

    (b)           Process
      Agent.  For the purpose of Section 13(c):

    

    Party
      A
      appoints as its Process Agent:  Not applicable.

    

    Party
      B
      appoints as its Process Agent:  Not applicable.

    

    
      	
              (c)

            	
              Offices.  The
                provisions of Section 10(a) will apply to this Agreement; neither
                Party A
                nor Party B has any Offices other than as set forth in the Notices
                Section.

            

    

    

    
      	
              (d)

            	
              Multibranch
                Party.  For the purpose of Section 10(c) of this
                Agreement:

            

    

    

    Party
      A is not a Multibranch
      Party.

    

    
      	
               

            	
              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 (including any claim or controversy arising out of or relating
                to
                this Agreement), 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.  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).

            

    

    

    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.

            

    

     

    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 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.

     

    (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):

            

    

    

    
      	
               

            	
              “(g)

            	
              Relationship
                Between Parties.

            

    

    

    
      	
               

            	
              (1)

            	
              Nonreliance.  (i)
                It is not relying on any statement or representation of the other
                party
                (whether written or oral) regarding any Transaction hereunder, 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) each 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 (i) by deleting the words “or if a Tax Event Upon Merger occurs
                and the Burdened Party is the Affected Party,” and the words “, which
                consent will not be withheld if such other party’s policies in effect at
                such time would permit it to enter into transactions with the transferee
                on the terms proposed”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”.

            

    

    

    
      	
              (c)

            	
              Additional
                Termination Events.  The following Additional
                Termination Events will apply:

            

    

    

    
      	
              (i)          
                 

            	
              Failure
                to Post Collateral.If 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 and such failure has not
                given
                rise to an Event of Default under Section 5(a)(i) or Section 5(a)(iii),
                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.  The occurrence of any
                event described in this Part 5(c)(ii) shall constitute an Additional
                Termination Event with respect to Party A and Party A shall be the
                sole
                Affected Party with respect to such Additional Termination
                Event.

            

    

    

    
      	
               

            	
              (A)

            	
              An
                S&P Required Ratings Downgrade Event has occurred and is continuing
                and at least 60 calendar days have elapsed since such S&P Required
                Ratings Downgrade Event first
                occurred.

            

    

    

    
      	
               

            	
              (B)

            	
              A
                Moody’s Second Trigger Downgrade Event has occurred and is continuing and
                at least 30 Local Business Days have elapsed since such Moody’s Second
                Trigger Downgrade Event first occurred, and at least one Eligible
                Replacement has made a Firm Offer that would, assuming the occurrence
                of
                an Early Termination Date, qualify as a Market Quotation (on the
                basis
                that Part 1(f)(i)(A) applies) and which remains capable of becoming
                legally binding upon acceptance.

            

    

    

    
      	
               

            	
              (iii)

            	
              [Reserved.]

            

    

    

    
      	
               

            	
              (iv)

            	
              [Reserved.]

            

    

    

    
      	
               

            	
              (v)

            	
              [Reserved.]

            

    

    

    
      	
               

            	
              (vi)

            	
              Optional
                Termination of Securitization.  An Additional
                Termination Event shall occur upon the earlier of (i) the occurrence
                of an
                Optional Termination in accordance with Article IX of the Pooling
                and
                Servicing Agreement or (ii) notice to Certificateholders of such
                Optional
                Termination becoming unrescindable, in accordance with Article IX
                of the
                Pooling and Servicing Agreement. Party B shall be the sole Affected
                Party
                with respect to such Additional Termination Event; provided, however,
                that
                notwithstanding anything to the contrary in Section 6(b)(iv), only
                Party B
                may designate an Early Termination Date as a result of this Additional
                Termination Event.

            

    

    

    
      	
              (d)

            	
              Required
                Ratings Downgrade Event.  If a Required Ratings
                Downgrade Event has occurred and is continuing, then Party A shall,
                at its
                own expense, use commercially reasonable efforts to, as soon as reasonably
                practicable, either (A) effect a Permitted Transfer or (B) procure
                an
                Eligible Guarantee by a guarantor with credit ratings at least equal
                to
                the S&P Required Ratings Threshold and the Moody’s Second Trigger
                Threshold.

            

    

    

    
      	
              (e)

            	
              Compliance
                with Item 1115 of Regulation
                AB.

            

    

    

    Party
      A
      and Party B hereby agree that the terms of the Item 1115 Agreement, dated as
      of
      June 25, 2007 (the “Item 1115 Agreement”) among Citigroup
      Global Markets Realty Corp. (“Sponsor”), Citigroup Mortgage Loan Trust Inc. (the
“Depositor”) and Swiss Re Financial Products Corporation (the “Derivative
      Provider”), shall be incorporated by reference into this Agreement and Party B
      shall be an express third party beneficiary of the Item 1115 Agreement. A copy
      of the Item 1115 Agreement is annexed hereto at Annex B.

    

    
      	
              (f)

            	
              Transfers.

            

    

     

    (i)           Section
      7 is hereby amended to read in its entirety as follows:

     

    “Neither
      this Agreement nor any interest or obligation in or under this Agreement may
      be
      transferred (whether by way of security or otherwise) by either party 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, except
      that:

     

    
      	
               

            	
              (a)

            	
              Party
                A may make a Permitted Transfer (1) pursuant to Section 6(b)(ii)
                or the
                Item 1115 Agreement, (2) pursuant to a consolidation or amalgamation
                with,
                or merger with or into, or transfer of all or substantially all its
                assets
                to, another entity (but without prejudice to any other right or remedy
                under this Agreement), or (3) at any time at which no Relevant Entity
                has
                credit ratings at least equal to the Approved Ratings
                Threshold;

            

    

     

    
      	
               

            	
              (b)

            	
              Party
                B may transfer its rights and obligations hereunder in connection
                with a
                transfer pursuant to Section 8.09 of the Pooling and Servicing Agreement,
                and

            

    

     

    
      	
               

            	
              (c)

            	
              a
                party may make such a transfer of all or any part of its interest
                in any
                amount payable to it from a Defaulting Party under Section
                6(e).

            

    

     

    Any
      purported transfer that is not in compliance with this Section will be
      void.

     

    
      	
               

            	
              (ii)

            	
              If
                an Eligible Replacement has made a Firm Offer (which remains an offer
                that
                will become legally binding upon acceptance by Party B) to be the
                transferee pursuant to a Permitted Transfer, Party B shall, at Party
                A’s
                written request and at Party A’s expense, execute such documentation
                provided to it as is reasonably deemed necessary 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
                Cap Trust
                and the proceeds thereof, 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 Cap Trust
                and the
                proceeds thereof, should be insufficient to satisfy all claims outstanding
                and following the realization of the account held by the Cap 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.  This provision will survive the termination of this
                Agreement.

            

    

    

    
      	
              (h)

            	
              [Reserved.]

            

    

    

    
      	
              (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 Rating
                Agency has been provided 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 Rating Agencies has been provided
                prior
                written notice of the same and the Rating Agency Condition is satisfied
                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
                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 Cap 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)

            	
              Cap
                Trustee Liability Limitations.  It is expressly
                understood and agreed by the parties hereto that (a) this Agreement
                is
                executed and delivered by Wells Fargo Bank, N.A. (“Wells Fargo”) not in
                its individual capacity, but solely as Cap Trustee under the Pooling
                and
                Servicing Agreement and the Cap Administration Agreement in the exercise
                of the powers and authority conferred and vested in it thereunder;
                (b)
                Wells Fargo has been directed pursuant to the Pooling and Servicing
                Agreement to enter into this Agreement and to perform its obligations
                hereunder; (c) each of the representations, warranties, covenants,
                undertakings and agreements herein made on behalf of the Cap Trust
                is made
                and intended not as a personal representation of the Cap Trustee
                but is
                made and intended for the purpose of binding only the Cap Trust;
                and (d)
                nothing herein contained shall be construed as creating any liability
                on
                Wells Fargo, 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 Wells Fargo in its individual capacity be personally
                liable for the payment of any indemnity, indebtedness, fees or expenses
                of
                the Cap Trust or any payments hereunder or for the breach or failure
                of
                any obligation, representation, warranty or covenant made or undertaken
                under this Agreement.

            

    

    

    
      	
              (o)

            	
              Severability.  If
                any term, provision, covenant, or condition of this Agreement, or
                the
                application thereof to any party or circumstance, shall be held to
                be
                invalid or unenforceable (in whole or in part) in any respect, the
                remaining terms, provisions, covenants, and conditions hereof shall
                continue in full force and effect as if this Agreement had been executed
                with the invalid or unenforceable portion eliminated, so long as
                this
                Agreement as so modified continues to express, without material change,
                the original intentions of the parties as to the subject matter of
                this
                Agreement and the deletion of such portion of this Agreement will
                not
                substantially impair the respective benefits or expectations of the
                parties; provided, however, that this severability provision shall
                not be
                applicable if any provision of Section 2, 5, 6, or 13 (or any definition
                or provision in Section 14 to the extent it relates to, or is used
                in or
                in connection with any such Section) shall be so held to be invalid
                or
                unenforceable.

            

    

    

    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 Cap Trustee as agent under the Pooling and Servicing
                Agreement and the Cap Administration Agreement to carry out certain
                functions on behalf of Party B, and that the Cap Trustee shall be
                entitled
                to give notices and to perform and satisfy the obligations of Party
                B
                hereunder on behalf of Party B.

            

    

     

    
      	
              (q)

            	
              [Reserved.]

            

    

     

    
      	
              (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 Long-form 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 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.

            

    

     

    
      	
               

            	
              (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 Cap Trustee
                represents to Party A on the date on which the Cap Trustee executes
                this
                Agreement that it is executing the Agreement not in its individual
                capacity but solely as Cap 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)

            	
              Limitation
                on Events of Default.  Notwithstanding the provisions
                of Sections 5 and 6, with respect to this Transaction, if at any
                time and
                so long as Party B has satisfied in full all its payment obligations
                under
                Section 2(a)(i) of this Transaction and has at the time no future
                payment
                obligations, whether absolute or contingent, under such Section in
                respect
                of this Transaction, then unless Party A is required pursuant to
                appropriate proceedings to return to Party B or otherwise returns
                to Party
                B upon demand of Party B any portion of any such payment in respect
                of
                this Transaction, (a) the occurrence of an event described in Section
                5(a)
                with respect to Party B shall not constitute an Event of Default
                or
                Potential Event of Default with respect to Party B as Defaulting
                Party in
                respect of this Transaction and (b) Party A shall be entitled to
                designate
                an Early Termination Date pursuant to Section 6 in respect of this
                Transaction only as a result of the occurrence of a Termination Event
                set
                forth in either Section 5(b)(i) or 5(b)(ii) with respect to Party
                A as the
                Affected Party, or Section 5(b)(iii) with respect to Party A as the
                Burdened Party.  Party A acknowledges and agrees that Party B’s
                only payment obligation under Section 2(a)(i) in respect of this
                Transaction is to pay the related Fixed Amount on the related Fixed
                Rate
                Payer Payment Date.

            

    

     

    
      	
              (y)

            	
              [Reserved.]

            

    

     

    (z)           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.

    

    “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 of Party A under this Agreement (or, solely
      for
      purposes of the definition of Eligible Replacement, all present and future
      obligations of such Eligible Replacement under this Agreement or its
      replacement, as applicable) which is provided by a guarantor as principal debtor
      rather than surety and which 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 deduction or Tax collected by withholding and such opinion
      has been delivered to Moody’s, or (B) such guarantee provides that, in the event
      that any of such guarantor’s payments to Party B are subject to deduction or 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 deduction or withholding been
      required, or (C) in the event that any payment under such guarantee is made
      net
      of deduction or withholding for Tax, Party A is required, under Section 2(a)(i),
      to make such additional payment as is necessary to ensure that the net amount
      actually received by Party B from the guarantor will equal the full amount
      Party
      B would have received had no such deduction or withholding been
      required.

    

    “Eligible
      Replacement” means an entity (A) that lawfully could perform the
      obligations owing to Party B under this Agreement (or its replacement, as
      applicable), (B) (I) (x) which has credit ratings from
      S&P at least equal to the S&P Required Ratings Threshold or (y) all
      present and future obligations of which entity owing to Party B under this
      Agreement (or its replacement, as applicable) are guaranteed pursuant to an
      Eligible Guarantee provided by a guarantor with credit ratings from S&P at
      least equal to the S&P Required Ratings Threshold, in either case if S&P
      is a Rating Agency, and (II) (x) which has credit ratings from Moody’s at least
      equal to the Moody’s Second Trigger Ratings Threshold or (y) all present and
      future obligations of which entity owing to Party B under this Agreement (or
      its
      replacement, as applicable) are guaranteed pursuant to an Eligible Guarantee
      provided by a guarantor with credit ratings from Moody’s at least equal to the
      Moody’s Second Trigger Ratings Threshold, in either case if Moody’s is a Rating
      Agency and (C) that has executed an Item 1115 Agreement with the Sponsor and
      the
      Depositor.  An Eligible Replacement shall provide to Party B in
      writing all credit ratings described in this definition upon request by Party
      B.

    

    “Financial
      Institution” means a bank, broker/dealer, insurance company,
      structured investment company or derivative product company.

    

    “Firm
      Offer” means a quotation from an 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.

    

    “Moody’s”
      means Moody’s Investors Service,
      Inc., or any successor thereto.

    

    “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 Downgrade
      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) or the Item 1115 Agreement, or which is described in Sections
      7(a)(2) or (3) (as amended herein), to a transferee (the
“Transferee”) 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) the Transferee contracts with Party B pursuant
      to a
      written instrument (the “Transfer Agreement”) (A) (i) on terms
      which are
      effective to transfer to the Transferee all, but not less than all, of Party
      A’s
      rights, liabilities, duties and obligations under the Agreement and all relevant
      Transactions, which terms are identical to the terms of this Agreement, 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 (ii) each Rating Agency
      has been given prior written notice of such transfer,
      or (B) (i) on terms that (x) have the effect of preserving for Party B the
      economic equivalent of all payment and delivery obligations (whether absolute
      or
      contingent and assuming the satisfaction of each applicable condition precedent)
      under this Agreement immediately before such transfer and (y) are, in all
      material respects, no less beneficial for Party B than the terms of this
      Agreement immediately before such transfer, as determined by Party B, and (ii)
      Moody’s has been given prior written notice of such transfer and the Rating
      Agency Condition is satisfied with respect to S&P; (f) 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);
      and
      (g) 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 Rating Agency specified in connection
      with such proposed act or omission, that the party proposing such act or failure
      to act must consult with each of the specified Rating Agencies and receive
      from
      each such Rating Agency 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.

    

    “Rating
      Agencies” mean, 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 Citigroup Mortgage Loan Trust 2007-AMC4,
      Asset-Backed Pass-Through Certificates, Series 2007-AMC4 (the “Certificates”) or
      any notes backed by any of the Certificates (the “Notes”).

    

    “Relevant
      Entities” mean 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
      (A) has terms which would be effective to transfer to a transferee all, but
      not
      less than all, of Party A’s rights, liabilities, duties and obligations under
      this Agreement and all relevant Transactions, which terms are identical to
      the
      terms of this Agreement, 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, save
      for the exclusion of provisions relating to Transactions that are not Terminated
      Transactions, or (B) (x) 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) under this Agreement 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 (y) has terms which are, in all material respects, no less
      beneficial for Party B than those of this Agreement (save for the exclusion
      of
      provisions relating to Transactions that are not Terminated Transactions),
      as
      determined by Party B.

    

    “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 of “A-1” from S&P, 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 of “A+” from S&P.

    

    “S&P
      Required Ratings Downgrade Event” means that
      no Relevant Entity has credit ratings from S&P at least equal to the S&P
      Required Ratings Threshold.

    

    “S&P
      Required Ratings Threshold”
      means, with
      respect to Party A, the guarantor under an Eligible Guarantee, or an Eligible
      Replacement, (I) if such entity is a Financial Institution, a short-term
      unsecured and unsubordinated debt rating of “A-2” from S&P, 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 of “BBB+” from S&P, or (II) if such entity is not a
      Financial Institution, a short-term unsecured and unsubordinated debt rating
      of
“A-1” from S&P, 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 of “A+” from
      S&P.

    

     

    

     

     [Remainder
      of this page intentionally left blank.]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Item
      4.                      Account
      Details and Settlement Information:

     

    

    
      	
              Payments
                to Party A:

            	
              JPMorgan
                Chase Bank

            
	 	
              ABA#
                021000021

            
	 	
              SWIFT:
                CHASUS33

            
	 	
              Account
                of: Swiss Re Financial Products

            
	 	
              Account
                No.: 066-911184

            
	 	 
	
              Payments
                to Party B:

            	
              Wells
                Fargo Bank, N.A.

            
	 	
              ABA
                #: 121-000-218

            
	 	
              For
                credit to: SAS Clearing

            
	 	
              Acct
                #: 3970771416

            
	 	
              FFC:
                53164502

            

    

    

    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.

    

    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,

    

    SWISS
      RE
      FINANCIAL PRODUCTS CORPORATION

    

    

    

    
      	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 

    

    

    

    WELLS
      FARGO BANK, N.A., NOT INDIVIDUALLY, BUT SOLELY AS CAP TRUSTEE ON BEHALF OF
      THE
      CAP TRUST WITH RESPECT TO THE CITIGROUP MORTGAGE LOAN TRUST 2007-AMC4,
      ASSET-BACKED PASS-THROUGH CERTIFICATES, SERIES 2007-AMC4

    

    
      

      

      
        	
                By:

              	 
	
                Name:

              	 
	
                Title:

              	 

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    SCHEDULE
      I

    Amortization
      Schedule, subject
      to adjustment in accordance with the Following Business Day
      Convention.

    

    

    
      	
              From
                and including

            	
              To
                but excluding

            	
              Notional
                Amount (USD)

            
	
              Effective
                Date

            	
              October
                25, 2007

            	
              4,020,378.63

            
	
              October
                25, 2007

            	
              November
                25, 2007

            	
              3,929,446.45

            
	
              November
                25, 2007

            	
              December
                25, 2007

            	
              3,827,635.46

            
	
              December
                25, 2007

            	
              January
                25, 2008

            	
              3,715,398.80

            
	
              January
                25, 2008

            	
              February
                25, 2008

            	
              3,593,637.16

            
	
              February
                25, 2008

            	
              March
                25, 2008

            	
              3,464,257.05

            
	
              March
                25, 2008

            	
              April
                25, 2008

            	
              3,333,281.89

            
	
              April
                25, 2008

            	
              May
                25, 2008

            	
              3,205,656.45

            
	
              May
                25, 2008

            	
              Termination
                Date

            	
              3,082,441.50

            

    

     

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Annex
      A

    

    Paragraph
      13 of the Credit Support Annex

     

     

     

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

     

    Annex
      B

    

    Item
      1115 Agreement

    

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    ANNEX
      A

    

    ISDA®

    CREDIT
      SUPPORT ANNEX

    to
      the
      Schedule to the

    ISDA
      Master Agreement

    dated
      as
      of June 29, 2007 between

    Swiss
      Re
      Financial Products Corporation (hereinafter referred to as “Party
      A” or “Pledgor”)

    and

    Wells
      Fargo Bank, N.A., not individually, but solely as cap trustee (the “Cap
      Trustee”) on behalf of the cap trust with respect to the Citigroup Mortgage Loan
      Trust 2007-AMC4, Asset-Backed Pass-Through Certificates, Series 2007-AMC4 (the
      “Cap Trust”)

     (hereinafter
      referred to as “Party B” or “Secured
      Party”).

    

     

    Paragraph
      13.  Elections and Variables.

     

    
      	
              (a)  

            	
              Security
                Interest for “Obligations”.  The term
                “Obligations” as used in this
                Annex includes the following additional
                obligations:

            

    

     

    With
      respect to Party A: not applicable.

     

    With
      respect to Party B: not applicable.

     

    
      	
              (b)  

            	
              Credit
                Support Obligations.

            

    

     

    
      	
              (i)  

            	
              Delivery
                Amount, Return Amount and Credit Support
                Amount.

            

    

     

    
      	
              (A)  

            	
              “Delivery
                Amount” has the meaning specified in
                Paragraph 3(a), except that:

            

    

     

    
      	
               

            	
              (I)

            	
              the
                words “upon a demand made by the Secured Party on or promptly following
                a
                Valuation Date” shall be deleted and replaced with the words “not later
                than the close of business on each Valuation
                Date”,

            

    

     

    
      	
               

            	
              (II)

            	
              the
                sentence beginning “Unless otherwise specified in Paragraph 13” and ending
                “(ii) the Value as of that Valuation Date of all Posted Credit Support
                held by the Secured Party.” shall be deleted in its entirety and replaced
                with the following:

            

    

     

    “The
      “Delivery Amount” applicable to the
      Pledgor for any Valuation Date will equal the greatest of

     

    
      	
               

            	
              (1)

            	
              the
                amount by which (a) the S&P Credit Support Amount for such Valuation
                Date exceeds (b) the S&P Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured Party,
                and

            

    

     

    
      	
               

            	
               (2)

            	
              the
                amount by which (a) the Moody’s Credit Support Amount for such Valuation
                Date exceeds (b) the Moody’s Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured
                Party.

            

    

     

    
      	
               

            	
              (III)

            	
              if,
                on any Valuation Date, the Delivery Amount equals or exceeds the
                Pledgor’s
                Minimum Transfer Amount, the Pledgor will Transfer to the Secured
                Party
                sufficient Eligible Credit Support to ensure that, immediately following
                such transfer, the Delivery Amount shall be
                zero.

            

    

     

    
      	
              (B)  

            	
              “Return
                Amount” has the meaning specified in Paragraph 3(b), except
                that:

            

    

     

    
      	
               

            	
              (I)

            	
              the
                sentence beginning “Unless otherwise specified in Paragraph 13” and ending
                “(ii) the Credit Support Amount.” shall be deleted in its entirety and
                replaced with the following:

            

    

     

    “The
      “Return Amount” applicable to the Secured Party for
      any Valuation Date will equal the least of

     

    
      	
               

            	
              (1)

            	
              the
                amount by which (a) the S&P Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured Party exceeds (b) the S&P
                Credit Support Amount for such Valuation Date,
                and

            

    

     

    
      	
               

            	
              (2)

            	
              the
                amount by which (a) the Moody’s Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured Party exceeds (b) the Moody’s
                Credit Support Amount for such Valuation
                Date.

            

    

     

    
      	
               

            	
               (II)

            	
              in
                no event shall the Secured Party be required to Transfer any Posted
                Credit
                Support under Paragraph 3(b) if, immediately following such transfer,
                the
                Delivery Amount would be greater than
                zero.

            

    

     

    
      	
              (C)  

            	
              “Credit
                Support Amount” shall not apply.  For purposes of
                calculating any Delivery Amount or Return Amount for any Valuation
                Date,
                reference shall be made to the S&P Credit Support Amount or the
                Moody’s Credit Support Amount, in each case for such Valuation Date, as
                provided in Paragraphs 13(b)(i)(A) and 13(b)(i)(B),
                above.

            

    

     

    
      	
              (ii)  

            	
              Eligible
                Collateral.

            

    

     

    On
      any
      date, the items set forth on the schedule of Eligible Collateral attached as
      Schedule A hereto will qualify as “Eligible
      Collateral” (for the avoidance of doubt, all Eligible Collateral
      to be denominated in USD).

     

    
      	
              (iii)  

            	
              Other
                Eligible Support.

            

    

     

    The
      following items will qualify as “Other Eligible
      Support” for the party specified:

     

    Not
      applicable.

     

    
      	
              (iv)  

            	
              Threshold.

            

    

     

    
      	
              (A)  

            	
              “Independent
                Amount” means zero with respect to Party A and Party
                B.

            

    

     

    
      	
              (B)  

            	
               “Moody’s
                Threshold” means, with respect to Party A and any Valuation
                Date, if a Moody’s First Trigger Downgrade Event has occurred and is
                continuing and such Moody’s First Trigger Downgrade Event has been
                continuing (i) for at least 30 Local Business Days or (ii) since
                this
                Annex was executed, zero; otherwise,
                infinity.

            

    

     

    “S&P
      Threshold” means, with respect to Party A and any Valuation Date,
      if  an S&P Approved Ratings Downgrade Event has occurred and is
      continuing and such S&P Approved Ratings Downgrade Event has been continuing
      (i) for at least 10 Local Business Days or (ii) since this Annex was executed,
      zero; otherwise, infinity.

     

    
      	 	
              “Threshold”
                means, with respect to Party B and any Valuation Date,
                infinity.

            

    

     

    
      	
              (C)  

            	
              “Minimum
                Transfer Amount” means USD 100,000 with respect to Party A
                and Party B; provided, however, that if the aggregate Certificate
                Principal Balance of any Certificates and the aggregate principal
                balance
                of any Notes rated by S&P is at the time of any transfer less than USD
                50,000,000, the “Minimum Transfer Amount” shall
                be USD 50,000.

            

    

     

    
      	
              (D)  

            	
              Rounding:
                The Delivery Amount will be rounded up to the nearest integral multiple
                of
                USD 10,000. The Return Amount will be rounded down to the nearest
                integral
                multiple of USD 10,000.

            

    

     

    
      	
              (c)  

            	
              Valuation
                and Timing.

            

    

     

    
      	
              (i)  

            	
              “Valuation
                Agent” means Party A; provided, however, that if an Event
                of
                Default shall have occurred with respect to which Party A is the
                Defaulting Party, Party B shall have the right to designate as Valuation
                Agent an independent party, reasonably acceptable to Party A, the
                cost for
                which shall be borne by Party A.  All calculations by the
                Valuation Agent must be made in accordance with standard market practice,
                including, in the event of a dispute as to the Value of any Eligible
                Credit Support or Posted Credit Support, by making reference to quotations
                received by the Valuation Agent from one or more Pricing
                Sources.

            

    

     

    
      	
              (ii)  

            	
              “Valuation
                Date” means the first Local Business Day in each week] on
                which any of the S&P Threshold or the Moody’s Threshold
                is  zero.

            

    

     

    
      	
              (iii)  

            	
              “Valuation
                Time” means the close of business in the city of the
                Valuation Agent on the Local Business Day immediately preceding the
                Valuation Date or date of calculation, as applicable; provided
                that the calculations of Value and Exposure will be made as of
                approximately the same time on the same date.  The Valuation
                Agent will notify each party (or the other party, if the Valuation
                Agent
                is a party) of its calculations not later than the Notification Time
                on
                the applicable Valuation Date (or in the case of Paragraph 6(d),
                the Local
                Business Day following the day on which such relevant calculations
                are
                performed).”

            

    

     

    
      	
              (iv)  

            	
              “Notification
                Time” means 11:00 a.m., New York time, on a Local Business
                Day.

            

    

     

    
      	
              (d)  

            	
              Conditions
                Precedent and Secured Party’s Rights and
                Remedies.  The following Termination Events will
                be a “Specified Condition” for the party
                specified (that party being the Affected Party if the Termination
                Event
                occurs with respect to that party):  With respect to Party A:
                any Additional Termination Event with respect to which Party A is
                the sole
                Affected Party.  With respect to Party B:
                None.

            

    

     

    
      	
              (e)  

            	
              Substitution.

            

    

     

    
      	
              (i)  

            	
              “Substitution
                Date” has the meaning specified in Paragraph
                4(d)(ii).

            

    

     

    
      	
              (ii)  

            	
              Consent.  If
                specified here as applicable, then the Pledgor must obtain the Secured
                Party’s consent for any substitution pursuant to Paragraph
                4(d):  Inapplicable.

            

    

     

    
      	
              (f)  

            	
              Dispute
                Resolution.

            

    

     

    
      	
              (i)  

            	
              “Resolution
                Time” means 1:00 p.m. New York time on the Local Business
                Day following the date on which the notice of the dispute is given
                under
                Paragraph 5.

            

    

     

    
      	
              (ii)  

            	
              Value.  Notwithstanding
                anything to the contrary in Paragraph 12, for the purpose of Paragraphs
                5(i)(C) and 5(ii), the S&P Value and, Moody’s Value, on any date, of
                Eligible Collateral will be calculated as
                follows:

            

    

     

    For
      Eligible Collateral other than Cash listed in Paragraph 13(b)(ii): the sum
      of
      (A) the product of (1)(x) the bid price at the Valuation Time for such
      securities on the principal national securities exchange on which such
      securities are listed, or (y) if such securities are not listed on a national
      securities exchange, the bid price for such securities quoted at the Valuation
      Time by any principal market maker for such securities selected by the Valuation
      Agent, or (z) if no such bid price is listed or quoted for such date, the bid
      price listed or quoted (as the case may be) at the Valuation Time for the day
      next preceding such date on which such prices were available and (2) the
      applicable Valuation Percentage for such Eligible Collateral, and (B) the
      accrued interest on such securities (except to the extent Transferred to the
      Pledgor pursuant to Paragraph 6(d)(ii) or included in the applicable price
      referred to in the immediately preceding clause (A)) as of such
      date.

     

    For
      Cash,
      the amount thereof multiplied, in the case of the S&P Value, by the
      applicable S&P Valuation Percentage.

     

    
      	
              (iii)  

            	
              Alternative.  The
                provisions of Paragraph 5 will
                apply.

            

    

     

    
      	
              (g)  

            	
              Holding
                and Using Posted
                Collateral.

            

    

     

    
      	
              (i)  

            	
              Eligibility
                to Hold Posted Collateral; Custodians.  Party
                B (or any
                Custodian) will be entitled to hold Posted Collateral pursuant to
                Paragraph 6(b).

            

    

     

    Party
      B
      may appoint as Custodian (A) the entity then serving as Cap Trustee or (B)
      any
      entity other than the entity then serving as Cap Trustee if such other entity
      (or, to the extent applicable, its parent company or credit support provider)
      shall then have credit ratings from S&P at least equal to the Custodian
      Required Rating Threshold.  If at any time the Custodian does not have
      credit ratings from S&P at least equal to the Custodian Required Rating
      Threshold, the Cap Trustee must within 60 days obtain a replacement Custodian
      with credit ratings from S&P at least equal to the Custodian Required Rating
      Threshold.

     

    Initially,
      the Custodian for Party B is: the Cap Trustee.

     

    
      	
              (ii)  

            	
              Use
                of Posted Collateral.  The provisions of Paragraph
                6(c) will not apply to Party B or its Custodian; provided, however,
                that
                if Party A delivers Posted Collateral in book-entry form, then Paragraph
                6(c)(ii) will apply to Party B and its Custodian, and Party B and
                its
                Custodian shall have the rights specified in Paragraph
                6(c)(ii).

            

    

     

    
      	
              (h)  

            	
              Distributions
                and Interest Amount.

            

    

     

    
      	
              (i)  

            	
              Interest
                Rate.  The “Interest
                Rate” will be the actual interest rate earned on Posted
                Collateral in the form of Cash that is held by Party B or its
                Custodian.  Posted Collateral in the form of Cash shall be
                invested in such overnight (or redeemable within two Local Business
                Days
                of demand) Permitted Investments (as defined, for the purposes of
                this
                Paragraph 13(h)(i), in the Pooling and Servicing Agreement) rated
                at least
                (x) AAAm or AAAm-G by S&P and (y) Prime-1 by Moody’s or Aaa by
                Moody’s, as directed by Party A (unless (x) an Event of Default or an
                Additional Termination Event has occurred with respect to which Party
                A is
                the defaulting or sole Affected Party or (y) an Early Termination
                Date has
                been designated, in which case such Posted Collateral shall be held
                uninvested).  Gains and losses incurred in respect of any
                investment of Posted Collateral in the form of Cash in Permitted
                Investments as directed by Party A shall be for the account of Party
                A. If
                no investment direction is received, the Posted Collateral in the
                form of
                Cash shall be held univested.

            

    

     

    
      	
              (ii)  

            	
              Transfer
                of Interest Amount. The Transfer of the Interest Amount will
                be made on the second Local Business Day following the end of each
                calendar month and on any other Local Business Day on which Posted
                Collateral in the form of Cash is Transferred to the Pledgor pursuant
                to
                Paragraph 3(b); provided, however, that the obligation of Party B
                to
                Transfer any Interest Amount to Party A shall be limited to the extent
                that Party B has earned and received such funds and such funds are
                available to Party B.  The last sentence of Paragraph 6(d)(ii)
                is hereby amended by adding the words “actually received by Party B but”
                after the words “Interest Amount or portion
                thereof”.

            

    

     

    
      	
              (iii)  

            	
              Alternative
                to Interest Amount. The provisions of Paragraph 6(d)(ii) (as
                amended herein) will apply.

            

    

     

    
      	
              (iv)  

            	
              Distributions.  Paragraph
                6(d)(i) shall be deleted in its entirety and replaced with the
                following:

            

    

     

    “Distributions.  Subject
      to Paragraph 4(a), if Party B receives Distributions on a Local Business Day,
      it
      will Transfer to Party A not later than the following Local Business Day any
      Distributions it receives to the extent that a Delivery Amount would not be
      created or increased by that Transfer, as calculated by the Valuation Agent
      (and
      the date of calculation will be deemed to be a Valuation Date for this
      purpose).”

     

    
      	
              (i)  

            	
              Additional
                Representation(s).  There are no additional
                representations by either party.

            

    

     

    
      	
              (j)  

            	
              Other
                Eligible Support and Other Posted
                Support.

            

    

     

    
      	
              (i)  

            	
              “Value”
                with respect to Other Eligible Support and Other Posted Support means:
                not
                applicable.

            

    

     

    
      	
              (ii)  

            	
              “Transfer”
                with respect to Other Eligible Support and Other Posted Support means:
                not
                applicable.

            

    

     

    
      	
              (k)  

            	
              Demands
                and Notices.All demands, specifications and notices under
                this Annex will be made pursuant to the Notices Section of this Agreement,
                except that any demand, specification or notice shall be given to
                or made
                at the following addresses, or at such other address as the relevant
                party
                may from time to time designate by giving notice (in accordance with
                the
                terms of this paragraph) to the other
                party:

            

    

     

    If
      to
      Party A, at the address specified pursuant to the Notices Section of this
      Agreement.

     

    If
      to
      Party B or Party B’s Custodian, at the address specified pursuant to the Notices
      Section of this Agreement.

     

    
      	
              (l)  

            	
              Address
                for Transfers.  Each Transfer hereunder shall be
                made to the address specified below or to an address specified in
                writing
                from time to time by the party to which such Transfer will be
                made.

            

    

     

    Party
      A
      account details for holding collateral

     

    
      	 	
              SWIFT:

            	
              CHASUS33

            
	 	
              Account
                of:

            	
              Swiss
                Re Financial Products

            
	 	
              Account
                No.:

            	
              066
                911184

            
	 	
              ABA#:

            	
              021000021

            

    

    

     

    Party
      B
      account details for holding collateral

     

    Wells
      Fargo Bank, N.A.

    ABA
      #:
      121-000-218

    For
      credit to: SAS Clearing

    Acct
      #:
      3970771416

    FFC:
      53164503

    

    Other
      Provisions.

    

    
      	
              (i)  

            	
              Collateral
                Account.  Party B shall open and maintain a
                segregated account, and hold, record and identify all Posted Collateral
                in
                such segregated account.

            

    

     

    
      	
              (ii)  

            	
              Agreement
                as to Single Secured Party and Single Pledgor. Party A and
                Party B hereby agree that, notwithstanding anything to the contrary
                in
                this Annex, (a) the term “Secured Party” as used in this Annex means only
                Party B, (b) the term “Pledgor” as used in this Annex means only Party A,
                (c) only Party A makes the pledge and grant in Paragraph 2, the
                acknowledgement in the final sentence of Paragraph 8(a) and the
                representations in Paragraph 9.

            

    

     

    
      	
              (iii)  

            	
              Calculation
                of Value.  Paragraph 4(c) is hereby amended by
                deleting the word “Value” and inserting in lieu thereof “S&P Value,
                Moody’s Value”.  Paragraph 4(d)(ii) is hereby amended by (A)
                deleting the words “a Value” and inserting in lieu thereof “an S&P
                Value and a Moody’s Value” and (B) deleting the words “the Value” and
                inserting in lieu thereof “S&P Value and Moody’s
                Value”.  Paragraph 5 (flush language) is hereby amended by
                deleting the word “Value” and inserting in lieu thereof “S&P Value or
                Moody’s Value”.  Paragraph 5(i) (flush language) is hereby
                amended by deleting the word “Value” and inserting in lieu thereof
                “S&P Value and Moody’s Value”.  Paragraph 5(i)(C) is hereby
                amended by deleting the word “the Value, if” and inserting in lieu thereof
                “any one or more of the S&P Value or Moody’s Value, as may
                be”.  Paragraph 5(ii) is hereby amended by (1) deleting the
                first instance of the words “the Value” and inserting in lieu thereof “any
                one or more of the S&P Value or Moody’s Value” and (2) deleting the
                second instance of the words “the Value” and inserting in lieu thereof
                “such disputed S&P Value or Moody’s Value”.  Each of
                Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended by deleting
                the word “Value” and inserting in lieu thereof “least of the S&P Value
                and Moody’s Value”.

            

    

     

    
      	
              (iv)  

            	
              Form
                of Annex. Party A and Party B hereby
                agree that the text of Paragraphs 1 through 12, inclusive, of this
                Annex
                is intended to be the printed form of ISDA Credit Support Annex (Bilateral
                Form - ISDA Agreements Subject to New York Law Only version) as published
                and copyrighted in 1994 by the International Swaps and Derivatives
                Association, Inc.

            

    

     

    
      	
              (v)  

            	
              Events
                of Default.  Paragraph 7 will not apply to cause
                any Event of Default to exist with respect to Party B except that
                Paragraph 7(i) will apply to Party B solely in respect of Party B’s
                obligations under Paragraph 3(b) of the Credit Support
                Annex.  Notwithstanding anything to the contrary in Paragraph 7,
                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
                only be an Event of Default if a Moody’s Second Trigger Downgrade Event
                has occurred and is continuing and at least 30 Local Business Days
                have
                elapsed since such Moody’s Second Trigger Downgrade Event first
                occurred.

            

    

     

    
      	
              (vi)  

            	
              Expenses.  Notwithstanding
                anything to the contrary in Paragraph 10, the Pledgor will be responsible
                for, and will reimburse the Secured Party for, all transfer and other
                taxes and other costs involved in maintenance and any Transfer of
                Eligible
                Collateral.

            

    

     

    
      	
              (vii)  

            	
              Withholding.  Paragraph
                6(d)(ii) is hereby amended by inserting immediately after “the Interest
                Amount” in the fourth line thereof  the words “less any
                applicable withholding taxes.”

            

    

     

     (viii)   Additional
      Definitions.  As used in this Annex:

     

    “Custodian
      Required Rating Threshold” means, with respect to an entity, 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+”.

     

    “DV01”
      means, with respect to a Transaction and any date of determination, the
      estimated change in the Secured Party’s Transaction Exposure with respect to
      such Transaction that would result from a one basis point change in the relevant
      swap curve on such date, as determined by the Valuation Agent in good faith
      and
      in a commercially reasonable manner in accordance with the relevant methodology
      customarily used by the Valuation Agent.  The Valuation Agent shall,
      upon request of Party B, provide to Party B a statement showing in reasonable
      detail such calculation.

     

    “Exposure”
      has the meaning specified in Paragraph 12, except that (1) after the word
“Agreement” the words “(assuming, for this purpose only, that Part
      1(f)(i)(A)-(E) of the Schedule is deleted)” shall be inserted and (2) at the end
      of the definition of Exposure, the words “with terms that are, in all material
      respects, no less beneficial for Party B than those of this Agreement” shall be
      added.

     

    “Local
      Business Day” means, for purposes of this Annex: any day on which
      (A) commercial banks are open for business (including dealings in foreign
      exchange and foreign currency deposits) in New York and the location of Party
      A,
      Party B and any Custodian, and (B) in relation to a Transfer of Eligible
      Collateral, any day on which the clearance system agreed between the parties
      for
      the delivery of Eligible Collateral is open for acceptance and execution of
      settlement instructions (or in the case of a Transfer of Cash or other Eligible
      Collateral for which delivery is contemplated by other means a day on which
      commercial banks are open for business (including dealings in foreign exchange
      and foreign deposits) in New York and the location of Party A, Party B and
      any
      Custodian.

     

    “Moody’s
      Credit Support Amount” means, for any Valuation Date:

     

    
      	
               

            	
              (A)

            	
              if
                the Moody’s Threshold for such Valuation Date is zero and (i) it is not
                the case that a Moody’s Second Trigger Downgrade Event has occurred and is
                continuing or (ii) a Moody’s Second Trigger Downgrade Event has occurred
                and is continuing and less than 30 Local Business Days have elapsed
                since
                such Moody’s Second Trigger Downgrade Event first occurred, an amount
                equal to the greater of (x) zero and (y) the sum of the Secured Party’s
                Exposure and the aggregate of Moody’s First Trigger Additional Amounts for
                all Transactions and such Valuation
                Date;

            

    

     

    
      	
               

            	
              (B)

            	
              if
                the Moody’s Threshold for such Valuation Date is zero and a Moody’s Second
                Trigger Downgrade Event has occurred and is continuing and at least
                30
                Local Business Days have elapsed since such Moody’s Second Trigger
                Downgrade Event first occurred, an amount equal to the greatest of
                (x)
                zero, (y) the aggregate amount of the Next Payments for all Next
                Payment
                Dates, and (z) the sum of the Secured Party’s Exposure and the aggregate
                of Moody’s Second Trigger Additional Amounts for all Transactions and such
                Valuation Date; or

            

    

     

    
      	
               

            	
              (C)

            	
              if
                the Moody’s Threshold for such Valuation Date is infinity,
                zero.

            

    

     

    “Moody’s
      First Trigger Additional Amount” means, for
      any Valuation Date and any Transaction,

     

    the
      least
      of (x) the product of the Moody’s First Trigger DV01 Multiplier and DV01 for
      such Transaction and such Valuation Date, (y) the product of (i) Moody’s First
      Trigger Notional Amount Multiplier, (ii) the Scale Factor, if any, for such
      Transaction, or, if no Scale Factor is applicable for such Transaction, one,
      and
      (iii) the Notional Amount for such Transaction for the Calculation Period for
      such Transaction (each as defined in the related Confirmation) which includes
      such Valuation Date, and (z) the product of (i) the applicable Moody’s First
      Trigger Factor set forth in Table 1, (ii) the Scale Factor, if any, for such
      Transaction, or, if no Scale Factor is applicable for such Transaction, one,
      and
      (iii) the Notional Amount for such Transaction for the Calculation Period for
      such Transaction (each as defined in the related Confirmation) which includes
      such Valuation Date

     

    “Moody’s
      First Trigger Downgrade 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 DV01 Multiplier” means 25.

     

    “Moody’s
      First Trigger Notional Amount Multiplier” means 4%.

     

     “Moody’s
      Second Trigger Additional Amount” means, for any Valuation Date
      and any Transaction,

     

    
      	
               

            	
              (A)

            	
              if
                such Transaction is not a Transaction-Specific Hedge, the lesser
                of (i)
                the product of the Moody’s Second Trigger DV01 Multiplier and DV01 for
                such Transaction and such Valuation Date and (ii) the product of
                (1) the
                Moody’s Second Trigger Notional Amount Multiplier, (2) the Scale Factor,
                if any, for such Transaction, or, if no Scale Factor is applicable
                for
                such Transaction, one, and (3) the Notional Amount for such Transaction
                for the Calculation Period of such Transaction (each as defined in
                the
                related Confirmation) which includes such Valuation Date;
                or

            

    

     

    
      	
               

            	
              (B)

            	
              if
                such Transaction is a Transaction-Specific Hedge, the lesser of (i)
                the
                product of the Moody’s Second Trigger Transaction-Specific Hedge DV01
                Multiplier and DV01 for such Transaction and such Valuation Date
                and (ii)
                the Scale Factor, if any, for such Transaction, or, if no Scale Factor
                is
                applicable for such Transaction, one, and (iii) the product of the
                Moody’s
                Second Trigger Transaction-Specific Hedge Notional Amount Multiplier
                and
                the Notional Amount for such Transaction for the Calculation Period
                for
                such Transaction (each as defined in the related Confirmation) which
                includes such Valuation Date.

            

    

     

    “Moody’s
      Second Trigger DV01 Multiplier” means 60.

     

    “Moody’s
      Second Trigger Notional Amount Multiplier” means 9%.

     

    “Moody’s
      Second Trigger Transaction-Specific Hedge DV01 Multiplier” means
      75.

     

    “Moody’s
      Second Trigger Transaction-Specific Hedge Notional Amount
      Multiplier” means 11%.

     

    “Moody’s
      Valuation Percentage” means, with respect to a Valuation Date and
      each item of Eligible Collateral,

     

    
      	
               

            	
              (A)

            	
              if
                the Moody’s Threshold for such Valuation Date is zero and (i) it is not
                the case that a Moody’s Second Trigger Downgrade Event has occurred and is
                continuing or (ii) a Moody’s Second Trigger Downgrade Event has occurred
                and is continuing and less than 30 Local Business Days have elapsed
                since
                such Moody’s Second Trigger Downgrade Event first occurred, the
                corresponding percentage for such Eligible Collateral in the column
                headed
                “Moody’s First Trigger Valuation Percentage”,
                or

            

    

     

    
      	
               

            	
              (B)

            	
              if
                a Moody’s Second Trigger Downgrade Event has occurred and is continuing
                and at least 30 Local Business Days have elapsed since such Moody’s Second
                Trigger Downgrade Event first occurred, the corresponding percentage
                for
                such Eligible Collateral in the column headed “Moody’s Second Trigger
                Valuation Percentage”.

            

    

     

    “Moody’s
      Value”means, on any Valuation Date with respect to any Eligible
      Collateral the product of (x) the bid price obtained by the Valuation Agent
      and
      (y) the applicable Moody’s Valuation Percentage set forth in Paragraph
      13(b)(ii).

     

    “Next
      Payment” means, in respect of each Next Payment Date, the greater
      of (i) the aggregate amount of any payments due to be made by Party A under
      Section 2(a) on such Next Payment Date less the aggregate amount of any payments
      due to be made by Party B under Section 2(a) on such Next Payment Date (any
      such
      payments determined based on rates prevailing the date of determination) and
      (ii) zero.

     

    “Next
      Payment Date” means each date on which the next scheduled payment
      under any Transaction is due to be paid.

     

    “Pricing
      Sources” means the sources of financial information commonly known
      as Bloomberg, Bridge Information Services, Data Resources Inc., Interactive
      Data
      Services, International Securities Market Association, Merrill Lynch Securities
      Pricing Service, Muller Data Corporation, Reuters, Wood Gundy, Trepp Pricing,
      JJ
      Kenny, S&P and Telerate.

     

    “Remaining
      Weighted Average Maturity” means, with respect to a
      Transaction, the expected weighted average maturity for such Transaction as
      determined by the Valuation Agent.

     

    “S&P
      Approved Ratings Downgrade Event” means that no Relevant Entity
      has credit ratings from S&P at least equal to the S&P Approved Ratings
      Threshold.

     

    “S&P
      Credit Support Amount” means, for any Valuation Date:

     

    
      	
               

            	
              (A)

            	
              if
                the S&P Threshold for such Valuation Date is zero and it is not the
                case that an S&P Required Ratings Downgrade Event has occurred and
                been continuing for at least 10 Local Business Days, an amount equal
                to
                the Secured Party’s Exposure;

            

    

     

    
      	
               

            	
              (B)

            	
              if
                the S&P Threshold for such Valuation Date is zero and it is the case
                that an S&P Required Ratings Downgrade Event has occurred and been
                continuing for at least 10 Local Business Days, an amount equal to
                125% of
                the Secured Party’s Exposure; or

            

    

     

    
      	
               

            	
              (C)

            	
              if
                the S&P Threshold for such Valuation Date is infinity,
                zero.

            

    

     

    “S&P
      Valuation Percentage” means, with respect to a Valuation Date and
      each item of Eligible Collateral,

     

    
      	
               

            	
              (A)

            	
              if
                the S&P Threshold for such Valuation Date is zero and it is not the
                case that a S&P Required Ratings Downgrade Event has occurred and been
                continuing for at least 10 Local Business Days, the corresponding
                percentage for such Eligible Collateral in the column headed “S&P
                Approved Ratings Valuation Percentage”
or

            

    

     

    
      	
               

            	
              (B)

            	
              if
                an S&P Required Ratings Downgrade Event has occurred and been
                continuing for at least 10 Local Business Days, the corresponding
                percentage for such Eligible Collateral in the column headed “S&P
                Required Ratings Valuation
                Percentage”.

            

    

     

    “S&P
      Value” means, on any Valuation Date with respect to any Eligible
      Collateral, (A) in the case of Eligible Collateral other than Cash, the product
      of (x) the bid price obtained by the Valuation Agent for such Eligible
      Collateral and (y) the applicable S&P Valuation Percentage for such Eligible
      Collateral set forth in paragraph 13(b)(ii) and (B) in the case of Cash, the
      amount thereof  multiplied by the applicable S&P Valuation
      Percentage.

     

    “Transaction
      Exposure” means, for any Transaction, Exposure determined as if
      such Transaction were the only Transaction between the Secured Party and the
      Pledgor.

     

    “Transaction-Specific
      Hedge” means any Transaction that is (i) an interest rate swap in
      respect of which (x) the notional amount of the interest rate swap is “balance
      guaranteed” or (y) the notional amount of the interest rate swap for any
      Calculation Period (as defined in the related Confirmation) otherwise is not
      a
      specific dollar amount that is fixed at the inception of the Transaction, (ii)
      an interest rate cap, (iii) an interest rate floor or (iv) an interest rate
      swaption.

     

    “Valuation
      Percentage” shall mean, for purposes of determining the S&P
      Value or Moody’s Value with respect to  any Eligible Collateral or
      Posted Collateral, the applicable S&P Valuation Percentage or Moody’s
      Valuation Percentage for such Eligible Collateral or Posted Collateral,
      respectively, in each case as set forth in Paragraph 13(b)(ii).

     

    “Value”
      shall mean, in respect of any date, the related S&P Value and the related
      Moody’s Value.

     

    

     

    [Remainder
      of this page intentionally left blank]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    Table
      1

     

    Moody’s
      First Trigger Factor

     

    

    
      	
              Remaining

              Weighted
                Average Life

              of
                Hedge in Years

            	
              Weekly

              Collateral

              Posting

            
	
              1
                or less

            	
              0.25%

            
	
              More
                than 1 but not more than 2

            	
              0.50%

            
	
              More
                than 2 but not more than 3

            	
              0.70%

            
	
              More
                than 3 but not more than 4

            	
              1.00%

            
	
              More
                than 4 but not more than 5

            	
              1.20%

            
	
              More
                than 5 but not more than 6

            	
              1.40%

            
	
              More
                than 6 but not more than 7

            	
              1.60%

            
	
              More
                than 7 but not more than 8

            	
              1.80%

            
	
              More
                than 8 but not more than 9

            	
              2.00%

            
	
              More
                than 9 but not more than 10

            	
              2.20%

            
	
              More
                than 10 but not more than 11

            	
              2.30%

            
	
              More
                than 11 but not more than 12

            	
              2.50%

            
	
              More
                than 12 but not more than 13

            	
              2.70%

            
	
              More
                than 13 but not more than 14

            	
              2.80%

            
	
              More
                than 14 but not more than 15

            	
              3.00%

            
	
              More
                than 15 but not more than 16

            	
              3.20%

            
	
              More
                than 16 but not more than 17

            	
              3.30%

            
	
              More
                than 17 but not more than 18

            	
              3.50%

            
	
              More
                than 18 but not more than 19

            	
              3.60%

            
	
              More
                than 19 but not more than 20

            	
              3.70%

            
	
              More
                than 20 but not more than 21

            	
              3.90%

            
	
              More
                than 21 but not more than 22

            	
              4.00%

            
	
              More
                than 22 but not more than 23

            	
              4.00%

            
	
              More
                than 23 but not more than 24

            	
              4.00%

            
	
              More
                than 24 but not more than 25

            	
              4.00%

            
	
              More
                than 25 but not more than 26

            	
              4.00%

            
	
              More
                than 26 but not more than 27

            	
              4.00%

            
	
              More
                than 27 but not more than 28

            	
              4.00%

            
	
              More
                than 28 but not more than 29

            	
              4.00%

            
	
              More
                than 29

            	
              4.00%

            

    

    

     

    Table
      2

     

    Moody’s
      Second Trigger Factor for Interest Rate Swaps with Fixed Notional
      Amounts

     

    

     

    
      	
              Remaining

              Weighted
                Average Life

              of
                Hedge in Years

            	
              Weekly

              Collateral

              Posting

            
	
              1
                or less

            	
              0.60%

            
	
              More
                than 1 but not more than 2

            	
              1.20%

            
	
              More
                than 2 but not more than 3

            	
              1.70%

            
	
              More
                than 3 but not more than 4

            	
              2.30%

            
	
              More
                than 4 but not more than 5

            	
              2.80%

            
	
              More
                than 5 but not more than 6

            	
              3.30%

            
	
              More
                than 6 but not more than 7

            	
              3.80%

            
	
              More
                than 7 but not more than 8

            	
              4.30%

            
	
              More
                than 8 but not more than 9

            	
              4.80%

            
	
              More
                than 9 but not more than 10

            	
              5.30%

            
	
              More
                than 10 but not more than 11

            	
              5.60%

            
	
              More
                than 11 but not more than 12

            	
              6.00%

            
	
              More
                than 12 but not more than 13

            	
              6.40%

            
	
              More
                than 13 but not more than 14

            	
              6.80%

            
	
              More
                than 14 but not more than 15

            	
              7.20%

            
	
              More
                than 15 but not more than 16

            	
              7.60%

            
	
              More
                than 16 but not more than 17

            	
              7.90%

            
	
              More
                than 17 but not more than 18

            	
              8.30%

            
	
              More
                than 18 but not more than 19

            	
              8.60%

            
	
              More
                than 19 but not more than 20

            	
              9.00%

            
	
              More
                than 20 but not more than 21

            	
              9.00%

            
	
              More
                than 21 but not more than 22

            	
              9.00%

            
	
              More
                than 22 but not more than 23

            	
              9.00%

            
	
              More
                than 23 but not more than 24

            	
              9.00%

            
	
              More
                than 24 but not more than 25

            	
              9.00%

            
	
              More
                than 25 but not more than 26

            	
              9.00%

            
	
              More
                than 26 but not more than 27

            	
              9.00%

            
	
              More
                than 27 but not more than 28

            	
              9.00%

            
	
              More
                than 28 but not more than 29

            	
              9.00%

            
	
              More
                than 29

            	
              9.00%

            

    

    

     

    

     

    Table
      3

     

    Moody’s
      Second Trigger Factor for Transaction-Specific Hedges

     

    

    
      	
              Remaining

              Weighted
                Average Life

              of
                Hedge in Years

            	
              Weekly

              Collateral

              Posting

            
	
              1
                or less

            	
              0.75%

            
	
              More
                than 1 but not more than 2

            	
              1.50%

            
	
              More
                than 2 but not more than 3

            	
              2.20%

            
	
              More
                than 3 but not more than 4

            	
              2.90%

            
	
              More
                than 4 but not more than 5

            	
              3.60%

            
	
              More
                than 5 but not more than 6

            	
              4.20%

            
	
              More
                than 6 but not more than 7

            	
              4.80%

            
	
              More
                than 7 but not more than 8

            	
              5.40%

            
	
              More
                than 8 but not more than 9

            	
              6.00%

            
	
              More
                than 9 but not more than 10

            	
              6.60%

            
	
              More
                than 10 but not more than 11

            	
              7.00%

            
	
              More
                than 11 but not more than 12

            	
              7.50%

            
	
              More
                than 12 but not more than 13

            	
              8.00%

            
	
              More
                than 13 but not more than 14

            	
              8.50%

            
	
              More
                than 14 but not more than 15

            	
              9.00%

            
	
              More
                than 15 but not more than 16

            	
              9.50%

            
	
              More
                than 16 but not more than 17

            	
              9.90%

            
	
              More
                than 17 but not more than 18

            	
              10.40%

            
	
              More
                than 18 but not more than 19

            	
              10.80%

            
	
              More
                than 19 but not more than 20

            	
              11.00%

            
	
              More
                than 20 but not more than 21

            	
              11.00%

            
	
              More
                than 21 but not more than 22

            	
              11.00%

            
	
              More
                than 22 but not more than 23

            	
              11.00%

            
	
              More
                than 23 but not more than 24

            	
              11.00%

            
	
              More
                than 24 but not more than 25

            	
              11.00%

            
	
              More
                than 25 but not more than 26

            	
              11.00%

            
	
              More
                than 26 but not more than 27

            	
              11.00%

            
	
              More
                than 27 but not more than 28

            	
              11.00%

            
	
              More
                than 28 but not more than 29

            	
              11.00%

            
	
              More
                than 29

            	
              11.00%

            

    

    

     

    Schedule
      A to Paragraph 13(b)(ii)

     

    Eligible
      Collateral and Valuation Percentages

     

    
      	
              ISDA
                Collateral Asset Definition (ICAD) Code

            	
              Remaining
                Maturity in Years

            	
              S&P
                Approved Ratings

              Valuation

              Percentage

            	
              S&P
                Required Ratings

              Valuation

              Percentage

            	
              Moody’s

              First
                Trigger Valuation Percentage

            	
              Moody’s

              Second
                Trigger

              Valuation

              Percentage

            	
              Fitch/

              DBRS

              Valuation

              Percentage

            
	
              (A)  US-CASH

            	
              N/A

            	
              100%

            	
              80%

            	
              100%

            	
              100%

            	
              100%

            
	
               

              (B)  US-TBILL

              US-TNOTE

              US-TBOND

              (USDollar
                Fixed Rate in all cases)

            	 	 	 	 	 	 
	 	
              1
                or less

            	
              98.0%

            	
              78.4%

            	
              100%

            	
              100%

            	
              98.6%

            
	 	
              More
                than 1 but not more than 2

            	
              98.0%

            	
              78.4%

            	
              100%

            	
              99%

            	
              97.3%

            
	 	
              More
                than 2 but not more than 3

            	
              98.0%

            	
              78.4%

            	
              100%

            	
              98%

            	
              95.8%

            
	 	
              More
                than 3 but not more than 5

            	
              98.0%

            	
              78.4%

            	
              100%

            	
              97%

            	
              93.8%

            
	 	
              More
                than 5 but not more than 7

            	
              92.6%

            	
              74.1%

            	
              100%

            	
              95%

            	
              91.4%

            
	 	
              More
                than 7 but not more than 10

            	
              92.6%

            	
              74.1%

            	
              100%

            	
              94%

            	
              90.3%

            
	 	
              More
                than 10 but not more than 20

            	
              87.9%

            	
              70.32%

            	
              100%

            	
              89%

            	
              86.9%

            
	 	
              More
                than 20

            	
              84.6%

            	
              67.6%

            	
              100%

            	
              87%

            	
              84.6%

            
	
               

              (C)  US-GNMA

              US-FNMA

              US-FHLMC

              (USDollar
                Fixed Rate in all cases)

            	 	 	 	 	 	 
	 	
              1
                or less

            	
              98.0%

            	
              78.4%

            	
              100%

            	
              99%

            	
              98.0%

            
	 	
              More
                than 1 but not more than 2

            	
              98.0%

            	
              78.4%

            	
              100%

            	
              98%

            	
              96.8%

            
	 	
              More
                than 2 but not more than 3

            	
              98.0%

            	
              78.4%

            	
              100%

            	
              97%

            	
              96.3%

            
	 	
              More
                than 3 but not more than 5

            	
              98.0%

            	
              78.4%

            	
              100%

            	
              96%

            	
              92.5%

            
	 	
              More
                than 5 but not more than 7

            	
              92.6%

            	
              74.1%

            	
              100%

            	
              94%

            	
              90.3%

            
	 	
              More
                than 7 but not more than 10

            	
              92.6%

            	
              74.1%

            	
              100%

            	
              93%

            	
              86.9%

            
	 	
              More
                than 10 but not more than 20

            	
              82.6%

            	
              66.0%

            	
              100%

            	
              88%

            	
              81.6%

            
	 	
              More
                than 20

            	
              77.9%

            	
              62.3%

            	
              100%

            	
              86%

            	
              77.9%

            
	
              Other
                items not listed above

              (1)

            	 	
              0%

            	 	
              0%

            	
              0%

            	
              0%

            

    

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    IN
      WITNESS WHEREOF, the parties have executed this Annex by their duly authorized
      representatives as of the date of the Agreement.

     

    

     

    
      	
              SWISS
                RE FINANCIAL PRODUCTS CORPORATION

            	 	
              WELLS
                FARGO BANK, N.A., NOT INDIVIDUALLY, BUT SOLELY AS CAP TRUSTEE ON
                BEHALF OF
                THE CAP TRUST WITH RESPECT TO THE CITIGROUP MORTGAGE LOAN TRUST 2007-AMC4,
                ASSET-BACKED PASS-THROUGH CERTIFICATES, SERIES
                2007-AMC4

            
	 	 	 	 	 
	 	 	 	 	 
	
              By:

            	 	 	
              By:

            	 
	
              Name:

            	 	 	
              Name:

            	 
	
              Title:

            	 	 	
              Title:

            	 
	
              Date:

            	 	 	
              Date:

            	 

    

    

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    EXHIBIT
      J

    

    FORM
      OF
      CAP ADMINISTRATION AGREEMENT

    CAP
      ADMINISTRATION AGREEMENT

     

    This
      Cap
      Administration Agreement, dated as of June 29, 2007 (this “Agreement”), among
      Wells Fargo Bank, N.A. (“Wells Fargo”), as cap trustee for the cap trust (in
      such capacity, the “Cap Trustee”), as trust administrator (in such capacity, the
“Trust Administrator”) and as cap administrator (in such capacity, the “Cap
      Administrator”) and Citigroup Global Markets Realty Corp. (“CGMRC”), as majority
      holder of the Class CE Certificates, or its designee.

     

    WHEREAS,
      the Cap Trustee, on behalf of a separate trust established hereunder which
      holds
      an Interest Rate Cap Contract (the “Cap Contract”), a copy of which is attached
      hereto as Exhibit A, between the Cap Trustee and Swiss Re Financial Products
      Corporation (the “Cap Provider”) is a counterparty to the Cap Contract;
      and

     

    WHEREAS,
      it is desirable to irrevocably appoint the Cap Trustee, and the Cap Trustee
      desires to accept such appointment, to receive and distribute funds payable
      by
      the Cap Provider to the Cap Trustee under the Cap Contract as provided
      herein;

     

    NOW,
      THEREFORE, in consideration of the mutual covenants contained herein, and for
      other good and valuable consideration, the receipt and adequacy of which are
      hereby acknowledged, the parties agree as follows:

     

    1.  Definitions.  Capitalized
      terms used but not otherwise defined herein shall have the respective meanings
      assigned thereto in the Pooling and Servicing Agreement, dated as of June 1,
      2007 (the “Pooling and Servicing Agreement”), among Citigroup Mortgage Loan
      Trust Inc., as depositor (the “Depositor”), Ameriquest Mortgage Company as
      servicer, Wells Fargo Bank, N.A. as master servicer and trust administrator
      and
      U.S. Bank National Association, as trustee, relating to the Citigroup Mortgage
      Loan Trust 2007-AMC4 (the “Trust”), Asset-Backed Pass-Through Certificates,
      Series 2007-AMC4 (the “Certificates”), or in the related Indenture as the case
      may be, as in effect on the date hereof.

     

    2.  Cap
      Trust.  There is hereby established a separate trust (the “Cap
      Trust”), into which the Cap Trustee shall deposit the Cap
      Contract.  The Cap Trust shall be maintained by the Cap Trustee and
      administered on its behalf by the Cap Administrator.  The sole assets
      of the Cap Trust shall be the Cap Contract and the Cap Trust Account. For the
      avoidance of doubt, the parties hereto acknowledge and agree that all functions
      of the Cap Trustee hereunder shall be performed on its behalf by the Cap
      Administrator.

     

    3.  Cap
      Trustee.

     

    (a)  The
      Cap
      Trustee is hereby irrevocably appointed to receive all funds paid to the Cap
      Trustee by the Cap Provider under the Cap Contract (including any Cap
      Termination Payment) and the Cap Trustee accepts such appointment and hereby
      agrees to receive such amounts, deposit such amounts into the Cap Trust Account
      and to distribute on each Distribution Date such amounts in the following order
      of priority:

     

    (i)  first,
      for deposit into the Cap Account (established under the Pooling and Servicing
      Agreement), an amount equal to the aggregate amount required for distribution
      to
      the holders of the Floating Rate Certificates pursuant to Section 4.01(a)(b)(i)
      through 4.01(a)(b)(vi) of the Pooling and Servicing Agreement;

     

    (ii)  second,
      to CGMRC, as majority holder of the Class CE Certificates, or its designee,
      any
      amounts remaining after payment of (i) above, provided, however, upon the
      issuance of notes by an issuer (the “Trust”), secured by all or a portion of the
      Class CE Certificates and the Class P Certificates (the “NIM Notes”), CGMRC, as
      majority holder of the Class CE Certificates, or its designee, hereby instructs
      the Cap Trustee to make any payments under this clause 3(a)(ii):

     

    (A)  to
      the
      Indenture Trustee for the Trust, for deposit into the Note Account (each as
      defined in the related Indenture), for distribution in accordance with the
      terms
      of the Indenture until satisfaction and discharge of the Indenture;
      and

     

    (B)  after
      satisfaction and discharge of the Indenture, to the Holders of the Class CE
      Certificates, pro rata based on the outstanding Notional Amount of each such
      Certificate.

     

    (b)  The
      Cap
      Trustee agrees to hold any amounts received from the Cap Provider in trust
      upon
      the terms and conditions and for the exclusive use and benefit of the Trust
      Administrator (in turn for the benefit of the Certificateholders, the
      Noteholders and CGMRC) as set forth herein.  The rights, duties and
      liabilities of the Cap Trustee in respect of this Agreement shall be as
      follows:

     

    (i)           The
      Cap Trustee shall have the full power and authority to do all things not
      inconsistent with the provisions of this Agreement that may be deemed advisable
      in order to enforce the provisions hereof.  The Cap Trustee shall not
      be answerable or accountable except for its own bad faith, willful misconduct
      or
      negligence. The Cap Trustee shall not be required to take any action to exercise
      or enforce any of its rights or powers hereunder which, in the opinion of the
      Cap Trustee, shall be likely to involve expense or liability to the Cap Trustee,
      unless the Cap Trustee shall have received an agreement satisfactory to it
      in
      its sole discretion to indemnify it against such liability and
      expense.

     

    (ii)           The
      Cap Trustee shall not be liable with respect to any action taken or omitted
      to
      be taken by it in good faith in accordance with the direction of any party
      hereto, or otherwise as provided herein, relating to the time, method and place
      of conducting any proceeding for any remedy available to the Cap Trustee or
      exercising any right or power conferred upon the Cap Trustee under this
      Agreement.

     

    (iii)           The
      Cap Trustee may perform any duties hereunder either directly or by or through
      agents or attorneys of the Cap Trustee.  The Cap Trustee shall not be
      liable for the acts or omissions of its agents or attorneys so long as the
      Cap
      Trustee chose such Persons with due care.

     

    4.  Cap
      Trust Account.  The Cap Trustee shall segregate and hold all funds
      received from the Cap Provider (including any Cap Termination Payment) separate
      and apart from any of its own funds and general assets and shall establish
      and
      maintain in the name of the Cap Trustee one or more segregated accounts (the
      “Cap Trust Account”).

     

    5.     
       Replacement
      Cap Contracts.

     

    The
      Cap
      Trustee shall, at the direction of Citigroup, as holder of the Class CE
      Certificates, or its designee, enforce all of its rights and exercise any
      remedies under the Cap Contract.  In the event the Cap Contract is
      terminated as a result of the designation by either party thereto of an Early
      Termination Date (as defined therein), any holder of the Class CE Certificates,
      or its designee, with the consent of the other holders of the Class CE
      Certificates, shall find a replacement counterparty to enter into a replacement
      cap contract.

     

    Any
      Cap
      Termination Payment received by the Cap Trustee from the Cap Provider shall
      be
      deposited into the Cap Trust Account and shall be used to make any upfront
      payment required under a replacement cap contract and any upfront payment
      received from the counterparty to a replacement cap contract shall be used
      to
      pay any Cap Termination Payment owed to the Cap Provider.

     

    Notwithstanding
      anything contained herein, in the event that a replacement cap contract cannot
      be obtained within 30 days after receipt by the Cap Trustee of the Cap
      Termination Payment paid by the terminated Cap Provider, the Cap Trustee shall
      deposit such Cap Termination Payment into the Cap Trust Account and the Cap
      Trustee shall, on each Distribution Date, withdraw to the extent of funds on
      deposit in such account, an amount equal to the Cap Payment, if any, that would
      have been paid to the Cap Trust by the original Cap Provider (computed in
      accordance with Exhibit A) and distribute such amount in accordance with Section
      3(a) of this Agreement.  On the Distribution Date immediately after
      the termination date of the original Cap Contract, the Cap Trustee shall
      withdraw any funds remaining in the Cap Account and distribute such amount
      in
      accordance with Section 3(a)(ii) of this Agreement.

     

    Upon
      an early termination of the Cap
      Contract, other than in connection with the optional termination of the Trust
      pursuant to Section 9.01 of the Pooling and Servicing Agreement, the Trust
      Administrator, as described in the Pooling and Servicing Agreement, will use
      reasonable efforts to appoint a successor cap contract provider.  The
      Cap Trustee will apply any termination payment received from the original Cap
      Provider in connection with such early termination of the Cap Contract to the
      upfront payment required to appoint the successor cap contract
      provider.  If such holder of the Class CE Certificates is unable to
      appoint a successor cap contract provider within 30 days of the early
      termination of the Cap Contract, then the Cap Trustee will establish, and will
      deposit any termination payment received from the original Cap Provider into,
      a
      separate, non-interest bearing reserve account (a “Cap Termination Reserve
      Account”) and will, on each subsequent Distribution Date, withdraw from the
      amount then remaining on deposit in the Cap Termination Reserve Account an
      amount equal to the payment, if any, that would have been paid to the Cap
      Trustee by the original Cap Provider calculated in accordance with the terms
      of
      the original Cap Contract, and distribute such amount in accordance with Section
      3(a) hereof.

     

    Upon
      an early termination of the Cap
      Contract in connection with the optional termination of the Trust pursuant
      to
      Section 9.01 of the Pooling and Servicing Agreement, if the Cap Trustee receives
      a termination payment from the Cap Provider, such termination payment will
      be
      distributed in accordance with Section 3(a) hereof.

     

    6.  Representations
      and Warranties of Wells Fargo.  Wells Fargo represents and
      warrants as of the date hereof as follows:

     

    (a)  Wells
      Fargo is duly organized and validly existing as a national
      banking  association under the laws of the United States and has all
      requisite power and authority to execute and deliver this Agreement and to
      perform its obligations as Cap Trustee hereunder.

     

    (b)  The
      execution, delivery and performance of this Agreement by Wells Fargo as Cap
      Trustee have been duly authorized in the Pooling and Servicing
      Agreement.

     

    (c)  This
      Agreement has been duly executed and delivered by Wells Fargo as Cap Trustee,
      Cap Administrator and Trust Administrator and is enforceable against Wells
      Fargo
      in such capacities in accordance with its terms, except as enforceability may
      be
      affected by bankruptcy, insolvency, fraudulent conveyance, reorganization,
      moratorium and other similar laws relating to or affecting creditors’ rights
      generally, general equitable principles (whether considered in a proceeding
      in
      equity or at law).

     

    
      	
              7.  

            	
              Replacement
                of Cap Trustee.

            

    

     

    Any
      corporation, bank, trust company or association into which the Cap Trustee
      may
      be merged or converted or with which it may be consolidated, or any corporation,
      bank, trust company or association resulting from any merger, conversion or
      consolidation to which the Cap Trustee shall be a party, or any corporation,
      bank, trust company or association succeeding to all or substantially all the
      corporate trust business of the Cap Trustee, shall be the successor of the
      Cap
      Trustee hereunder, without the execution or filing of any paper or any further
      act on the part of any of the parties hereto, except to the extent that
      assumption of its duties and obligations, as such, is not effected by operation
      of law.

     

    No
      resignation or removal of the Cap Trustee and no appointment of a successor
      Cap
      Trustee shall become effective until the appointment by CGMRC, as majority
      holder of the Class CE Certificates, or its designee, of a successor Cap
      Trustee.  Any successor Cap Trustee shall execute such documents or
      instruments necessary or appropriate to vest in and confirm to such successor
      Cap Trustee all such rights and powers conferred by this Agreement.

     

    The
      Cap
      Trustee may resign at any time by giving written notice thereof to the other
      parties hereto.  If a successor cap trustee shall not have accepted
      the appointment hereunder within 30 days after the giving by the resigning
      Cap
      Trustee of such notice of resignation, the resigning Cap Trustee may petition
      any court of competent jurisdiction for the appointment of a successor Cap
      Trustee.

     

    In
      the
      event of a resignation or removal of the Cap Trustee, CGMRC, as majority holder
      of the Class CE Certificates, or its designee, shall promptly appoint a
      successor Cap Trustee.

     

    
      	
              8.  

            	
              Cap
                Trustee Obligations.

            

    

     

    Whenever
      the Cap Trustee, as a party to the Cap Contract, has the option or is requested
      in such capacity, whether such request is by the Cap Provider, to take any
      action or to give any consent, approval or waiver that it is on behalf of the
      Cap Trust entitled to take or give in such capacity, including, without
      limitation, in connection with an amendment of such agreement or the occurrence
      of a default or termination event thereunder, the Cap Trustee shall promptly
      notify the parties hereto, of such request in such detail as is available to
      it
      and, shall, on behalf of the parties hereto, take such action in connection
      with
      the exercise and/or enforcement of any rights and/or remedies available to
      it in
      such capacity with respect to such request as CGMRC, as majority holder of
      the
      Class CE Certificates, or its designee, shall direct in writing; provided that
      if no such direction is received prior to the date that is established for
      taking such action or giving such consent, approval or waiver (notice of which
      date shall be given by the Cap Trustee to the parties hereto, if any), the
      Cap
      Trustee may abstain from taking such action or giving such consent, approval
      or
      waiver.

     

    The
      Cap
      Trustee shall make available via its internet website, on the Distribution
      Date
      following its receipt thereof copies of any and all notices, statements, reports
      and/or other material communications and information (collectively, the “Cap
      Reports”) that it receives in connection with the Cap Contract or from the
      counterparty thereto.

     

    
      	
              9.  

            	
              Miscellaneous.

            

    

     

    (a)  This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York.

     

    (b)  Any
      action or proceeding against any of the parties hereto relating in any way
      to
      this Agreement may be brought and enforced in the courts of the State of New
      York sitting in the borough of Manhattan or of the United States District Court
      for the Southern District of New York and the Cap Trustee irrevocably submits
      to
      the jurisdiction of each such court in respect of any such action or
      proceeding.  The Cap Trustee waives, to the fullest extent permitted
      by law, any right to remove any such action or proceeding by reason of improper
      venue or inconvenient forum.

     

    (c)  This
      Agreement may be amended, supplemented or modified in writing by the parties
      hereto, but only with the consent of CGMRC.

     

    (d)  This
      Agreement may not be assigned or transferred without the prior written consent
      of CGMRC and the NIMS Insurer, if any; provided, however, the parties hereto
      acknowledge and agree to the assignment of the rights of CGMRC, as majority
      holder of the Class CE Certificates, or its designee, pursuant to the Sale
      Agreement, the Trust Agreement and the Indenture.

     

    (e)  This
      Agreement may be executed by one or more of the parties to this Agreement on
      any
      number of separate counterparts (including by facsimile transmission), and
      all
      such counterparts taken together shall be deemed to constitute one and the
      same
      instrument.

     

    (f)  Any
      provision of this Agreement which is prohibited or unenforceable in any
      jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
      such prohibition or unenforceability without invalidating the remaining
      provisions hereof, and any such prohibition or unenforceability in any
      jurisdiction shall not invalidate or render unenforceable such provision in
      any
      other jurisdiction.

     

    (g)  The
      representations and warranties made by the parties to this Agreement shall
      survive the execution and delivery of this Agreement.  No act or
      omission on the part of any party hereto shall constitute a waiver of any such
      representation or warranty.

     

    (h)  The
      article and section headings herein are for convenience of reference only,
      and
      shall not limit or otherwise affect the meaning hereof.

     

    (i)  The
      representations and warranties made by the parties to this Agreement shall
      survive the execution and delivery of this Agreement.  No act or
      omission on the part of any party hereto shall constitute a waiver of any such
      representation or warranty.

     

    10.  Third-Party
      Beneficiary.  The Trustee and the Indenture Trustee, if any, 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.

     

    11.  Cap
      Trustee and Cap Administrator Rights.  The Cap Trustee and the Cap
      Administrator shall be entitled to the same rights, protections and indemnities
      afforded to the Trust Administrator under the Pooling and Servicing Agreement,
      as if specifically set forth herein with respect to the Cap Trustee and the
      Cap
      Administrator.

     

    12.  Limited
      Recourse.  It is expressly understood and agreed by the parties
      hereto that this Agreement is executed and delivered by the Trust Administrator,
      not in its individual capacity but solely as Trust Administrator under the
      Pooling and Servicing Agreement, and by the Cap Trustee, not in its individual
      capacity but solely as Cap Trustee, of the Cap Trust.  Notwithstanding
      any other provisions of this Agreement, the obligations of the Trust
      Administrator and the Cap Trustee under this Agreement are non-recourse to
      the
      Trust Administrator and the Cap Trustee, their assets and their property, and
      shall be payable solely from the assets of the Trust Fund and the Cap Trust,
      as
      the case may be, and following realization of such assets, any claims of any
      party hereto shall be extinguished and shall not thereafter be
      reinstated.  No recourse shall be had against any principal, director,
      officer, employee, beneficiary, shareholder, partner, member, agent or affiliate
      of the Trust Administrator or the Cap Trustee, or any person owning, directly
      or
      indirectly, any legal or beneficial interest in the Trust Administrator or
      the
      Cap Trustee, or any successors or assigns of any of the foregoing (the
“Exculpated Parties”) for the payment of any amount payable under this
      Agreement.  The parties hereto shall not enforce the liability and
      obligations of the Trust Administrator or the Cap Trustee to perform and observe
      the obligations contained in this Agreement by any action or proceeding wherein
      a money judgment establishing any personal liability shall be sought against
      the
      Trust Administrator or the Cap Trustee, subject to the following sentence,
      or
      the Exculpated Parties.  The agreements in this paragraph shall
      survive termination of this Agreement and the performance of all obligations
      hereunder.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    IN
      WITNESS WHEREOF, the parties have caused this Agreement to be duly executed
      and
      delivered as of the day and year first above written.

     

    

     

    
      	
              CITIGROUP
                GLOBAL MARKETS REALTY CORP., as majority holder of the Class CE
                Certificates

               

            
	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

               

            
	 
	 
	
              WELLS
                FARGO BANK, N.A., as Trust Administrator and as Cap
                Administrator

               

            
	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

               

            

    

    

    

    
      	
              WELLS
                FARGO BANK, N.A., as Cap Trustee

            
	 
	
              By:

            	 
	 	
              Name:

              Title:

            

    

     

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    EXHIBIT
      A

     

    CAP
      AGREEMENT

     

    

     

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
      K

    

    ADDITIONAL
      DISCLOSURE NOTIFICATION

    

    

    **SEND
      VIA FAX TO 443-367-3307 AND VIA EMAIL TO cts.sec.notifications@wellsfargo.com
      AND VIA OVERNIGHT MAIL TO THE ADDRESS IMMEDIATELY BELOW**

    

    Wells
      Fargo Bank, N.A., as Trust Administrator

    9062
      Old
      Annapolis Road

    Columbia,
      Maryland 21045

    Attn:  Client
      Manager -  CMLTI 2007-AMC4—SEC REPORT PROCESSING

    

    Citigroup
      Mortgage Loan Trust Inc.

    390
      Greenwich Street

    New
      York,
      New York 10013

    

    RE:  **Additional
      Form [10-D][10-K][8-K] Disclosure** Required

    

    

    Ladies
      and
      Gentlemen:

     

    In
      accordance with Section 4.07 of the Pooling and Servicing Agreement, dated
      as of
      June 1, 2007, among Citigroup Mortgage Loan Trust Inc. as Depositor, Wells
      Fargo
      Bank, N.A. as Master Servicer and Trust Administrator, Ameriquest Mortgage
      Company as Servicer and U.S. Bank National Association 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]

            	 
	 	 	 	 
	
              Date

            	
              By:
                

            	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 

    

     

     

     

     

    EXHIBIT
      L

    

    ANNUAL
      STATEMENT OF COMPLIANCE

    

    CITIGROUP
      MORTGAGE LOAN TRUST 2007-AMC4,

     

    ASSET-BACKED
      PASS-THROUGH CERTIFICATES, SERIES 2007-AMC4

     

    I,
      _____________________, hereby certify that I am a duly appointed
      __________________________ of [Wells Fargo Bank, N.A.] [Ameriquest Mortgage
      Company], and further certify as follows:

     

    1.           This
      certification is being made pursuant to the terms of the Pooling and Servicing
      Agreement, dated as of June 1, 2007 (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc., as depositor, Wells Fargo Bank, N.A. as master servicer and
      trust administrator (the “Master Servicer” and the “Trust Administrator”),
      Ameriquest Mortgage Company as Servicer (the “Servicer”) and U.S. Bank National
      Association, as trustee.

     

    2.           The
      undersigned officer of the [Servicer] [Master Servicer] [Trust Administrator]
      hereby certifies that (i) a review of the activities of the [Servicer] [Master
      Servicer] [Trust Administrator] during the preceding calendar year and of
      performance under the Agreement has been made under such officers’ supervision
      and (ii) to the best of such officers’ knowledge, based on such review, the
      [Servicer] [Master Servicer] [Trust Administrator] has fulfilled all of its
      obligations under the Agreement in all material respects throughout such
      year.

     

    Capitalized
      terms not otherwise defined herein have the meanings set forth in the
      Agreements.

     

    Dated:
      _____________, 2008

     

    

    IN
      WITNESS WHEREOF, the undersigned has executed this Certificate as of
      _____________.

     

    
      	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 

    

    

     

    I,
      _________________________, a (an) __________________ of the [Servicer] [Master
      Servicer] [Trust Administrator], hereby certify that _________________ is a
      duly
      elected, qualified, and acting _______________________ of the [Servicer] [Master
      Servicer] [Trust Administrator]and that the signature appearing above is his/her
      genuine signature.

     

    IN
      WITNESS WHEREOF, the undersigned has executed this Certificate as of
      ______________.

     

    
      	
              By:

            	 
	
              Name:

            	 

    

    

     

     

    
 

    EXHIBIT
      M-1

     

    FORM
      OF DELINQUENCY REPORT 

    
      Exhibit   :Standard
        File Layout – Delinquency Reporting

    

    

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

     

      
        	
                Column/Header
                  Name

              	
                Description

              	
                Decimal

              	
                Format
                  Comment

              
	
                SERVICER_LOAN_NBR

              	
                A
                  unique number assigned to a loan by the Servicer.  This may be
                  different than the LOAN_NBR

              	 	
                 

              
	
                LOAN_NBR

              	
                A
                  unique identifier assigned to each loan by the originator.

              	 	
                 

              
	
                CLIENT_NBR

              	
                Servicer
                  Client Number

              	 	 
	
                SERV_INVESTOR_NBR

              	
                Contains
                  a unique number as assigned by an external servicer to identify
                  a group of
                  loans in their system.

              	 	
                 

              
	
                BORROWER_FIRST_NAME

              	
                First
                  Name of the Borrower.

              	 	 
	
                BORROWER_LAST_NAME

              	
                Last
                  name of the borrower.

              	 	 
	
                PROP_ADDRESS

              	
                Street
                  Name and Number of Property

              	 	
                 

              
	
                PROP_STATE

              	
                The
                  state where the  property located.

              	 	
                 

              
	
                PROP_ZIP

              	
                Zip
                  code where the property is located.

              	 	
                 

              
	
                BORR_NEXT_PAY_DUE_DATE

              	
                The
                  date that the borrower's next payment is due to the servicer at
                  the end of
                  processing cycle, as reported by Servicer.

              	 	
                MM/DD/YYYY

              
	
                LOAN_TYPE

              	
                Loan
                  Type (i.e. FHA, VA, Conv)

              	 	
                 

              
	
                BANKRUPTCY_FILED_DATE

              	
                The
                  date a particular bankruptcy claim was filed.

              	 	
                MM/DD/YYYY

              
	
                BANKRUPTCY_CHAPTER_CODE

              	
                The
                  chapter under which the bankruptcy was filed.

              	 	
                 

              
	
                BANKRUPTCY_CASE_NBR

              	
                The
                  case number assigned by the court to the bankruptcy
                  filing.

              	 	
                 

              
	
                POST_PETITION_DUE_DATE

              	
                The
                  payment due date once the bankruptcy has been approved by the
                  courts

              	 	
                MM/DD/YYYY

              
	
                BANKRUPTCY_DCHRG_DISM_DATE

              	
                The
                  Date The Loan Is Removed From Bankruptcy. Either by Dismissal,
                  Discharged
                  and/or a Motion For Relief Was Granted.

              	 	
                MM/DD/YYYY

              
	
                LOSS_MIT_APPR_DATE

              	
                The
                  Date The Loss Mitigation Was Approved By The Servicer

              	 	
                MM/DD/YYYY

              
	
                LOSS_MIT_TYPE

              	
                The
                  Type Of Loss Mitigation Approved For A Loan Such As;

              	 	 
	
                LOSS_MIT_EST_COMP_DATE

              	
                The
                  Date The Loss Mitigation /Plan Is Scheduled To End/Close

              	 	
                MM/DD/YYYY

              
	
                LOSS_MIT_ACT_COMP_DATE

              	
                The
                  Date The Loss Mitigation Is Actually Completed

              	 	
                MM/DD/YYYY

              
	
                FRCLSR_APPROVED_DATE

              	
                The
                  date DA Admin sends a letter to the servicer with instructions
                  to begin
                  foreclosure proceedings.

              	 	
                MM/DD/YYYY

              
	
                ATTORNEY_REFERRAL_DATE

              	
                Date
                  File Was Referred To Attorney to Pursue Foreclosure

              	 	
                MM/DD/YYYY

              
	
                FIRST_LEGAL_DATE

              	
                Notice
                  of 1st legal filed by an Attorney in a Foreclosure Action

              	 	
                MM/DD/YYYY

              
	
                FRCLSR_SALE_EXPECTED_DATE

              	
                The
                  date by which a foreclosure sale is expected to occur.

              	 	
                MM/DD/YYYY

              
	
                FRCLSR_SALE_DATE

              	
                The
                  actual date of the foreclosure sale.

              	 	
                MM/DD/YYYY

              
	
                FRCLSR_SALE_AMT

              	
                The
                  amount a property sold for at the foreclosure sale.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                EVICTION_START_DATE

              	
                The
                  date the servicer initiates eviction of the borrower.

              	 	
                MM/DD/YYYY

              
	
                EVICTION_COMPLETED_DATE

              	
                The
                  date the court revokes legal possession of the property from the
                  borrower.

              	 	
                MM/DD/YYYY

              
	
                LIST_PRICE

              	
                The
                  price at which an REO property is marketed.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                LIST_DATE

              	
                The
                  date an REO property is listed at a particular price.

              	 	
                MM/DD/YYYY

              
	
                OFFER_AMT

              	
                The
                  dollar value of an offer for an REO property.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                OFFER_DATE_TIME

              	
                The
                  date an offer is received by DA Admin or by the Servicer.

              	 	
                MM/DD/YYYY

              
	
                REO_CLOSING_DATE

              	
                The
                  date the REO sale of the property is scheduled to close.

              	 	
                MM/DD/YYYY

              
	
                REO_ACTUAL_CLOSING_DATE

              	
                Actual
                  Date Of REO Sale

              	 	
                MM/DD/YYYY

              
	
                OCCUPANT_CODE

              	
                Classification
                  of how the property is occupied.

              	 	
                 

              
	
                PROP_CONDITION_CODE

              	
                A
                  code that indicates the condition of the property.

              	 	
                 

              
	
                PROP_INSPECTION_DATE

              	
                The
                  date a  property inspection is performed.

              	 	
                MM/DD/YYYY

              
	
                APPRAISAL_DATE

              	
                The
                  date the appraisal was done.

              	 	
                MM/DD/YYYY

              
	
                CURR_PROP_VAL

              	
                 The
                  current "as is" value of
                  the property based on brokers price opinion or
                  appraisal.

              	
                2

              	
                 

              
	
                REPAIRED_PROP_VAL

              	
                The
                  amount the property would be worth if repairs are completed pursuant
                  to a
                  broker's price opinion or appraisal.

              	
                2

              	
                 

              
	
                If
                  applicable:

              	
                 

              	 	
                 

              
	
                DELINQ_STATUS_CODE

              	
                FNMA
                  Code Describing Status of Loan

              	 	 
	
                DELINQ_REASON_CODE

              	
                The
                  circumstances which caused a borrower to stop paying on a
                  loan.   Code indicates the reason why the loan is in
                  default for this cycle.

              	 	 
	
                MI_CLAIM_FILED_DATE

              	
                Date
                  Mortgage Insurance Claim Was Filed With Mortgage Insurance
                  Company.

              	 	
                MM/DD/YYYY

              
	
                MI_CLAIM_AMT

              	
                Amount
                  of Mortgage Insurance Claim Filed

              	 	
                No
                  commas(,) or dollar signs ($)

              
	
                MI_CLAIM_PAID_DATE

              	
                Date
                  Mortgage Insurance Company Disbursed Claim Payment

              	 	
                MM/DD/YYYY

              
	
                MI_CLAIM_AMT_PAID

              	
                Amount
                  Mortgage Insurance Company Paid On Claim

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                POOL_CLAIM_FILED_DATE

              	
                Date
                  Claim Was Filed With Pool Insurance Company

              	 	
                MM/DD/YYYY

              
	
                POOL_CLAIM_AMT

              	
                Amount
                  of Claim Filed With Pool Insurance Company

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                POOL_CLAIM_PAID_DATE

              	
                Date
                  Claim Was Settled and The Check Was Issued By The Pool
                  Insurer

              	 	
                MM/DD/YYYY

              
	
                POOL_CLAIM_AMT_PAID

              	
                Amount
                  Paid On Claim By Pool Insurance Company

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                FHA_PART_A_CLAIM_FILED_DATE

              	
                 Date
                  FHA Part A Claim Was Filed With HUD

              	 	
                MM/DD/YYYY

              
	
                FHA_PART_A_CLAIM_AMT

              	
                 Amount
                  of FHA Part A Claim Filed

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                FHA_PART_A_CLAIM_PAID_DATE

              	
                 Date
                  HUD Disbursed Part A Claim Payment

              	 	
                MM/DD/YYYY

              
	
                FHA_PART_A_CLAIM_PAID_AMT

              	
                 Amount
                  HUD Paid on Part A Claim

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                FHA_PART_B_CLAIM_FILED_DATE

              	
                  Date
                  FHA Part B
                  Claim Was Filed With HUD

              	 	
                MM/DD/YYYY

              
	
                FHA_PART_B_CLAIM_AMT

              	
                  Amount
                  of FHA Part B Claim Filed

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                FHA_PART_B_CLAIM_PAID_DATE

              	
                   Date
                  HUD Disbursed Part B Claim Payment

              	 	
                MM/DD/YYYY

              
	
                FHA_PART_B_CLAIM_PAID_AMT

              	
                 Amount
                  HUD Paid on
                  Part B Claim

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                VA_CLAIM_FILED_DATE

              	
                 Date
                  VA Claim Was Filed With
                  the Veterans Admin

              	 	
                MM/DD/YYYY

              
	
                VA_CLAIM_PAID_DATE

              	
                 Date
                  Veterans Admin.
                  Disbursed VA Claim Payment

              	 	
                MM/DD/YYYY

              
	
                VA_CLAIM_PAID_AMT

              	
                 Amount
                  Veterans
                  Admin. Paid on VA Claim

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              

      

    

    
      
        	
                MOTION_FOR_RELIEF_DATE

              	
                The
                  date the Motion for Relief was filed

              	
                10

              	
                MM/DD/YYYY

              
	
                FRCLSR_BID_AMT

              	
                The
                  foreclosure sale bid amount

              	
                11

              	
                No
                  commas(,) or dollar signs ($)

              
	
                FRCLSR_SALE_TYPE

              	
                The
                  foreclosure sales results: REO, Third Party, Conveyance to
                  HUD/VA

              	
                 

              	
                 

              
	
                REO_PROCEEDS

              	
                The
                  net proceeds from the sale of the REO property.

              	
                 

              	
                No
                  commas(,) or dollar signs ($)

              
	
                BPO_DATE

              	
                The
                  date the BPO was done.

              	
                 

              	
                 

              
	
                CURRENT_FICO

              	
                The
                  current FICO score

              	
                 

              	
                 

              
	
                HAZARD_CLAIM_FILED_DATE

              	
                The
                  date the Hazard Claim was filed with the Hazard Insurance
                  Company.

              	
                10

              	
                MM/DD/YYYY

              
	
                HAZARD_CLAIM_AMT

              	
                The
                  amount of the Hazard Insurance Claim filed.

              	
                11

              	
                No
                  commas(,) or dollar signs ($)

              
	
                HAZARD_CLAIM_PAID_DATE

              	
                The
                  date the Hazard Insurance Company disbursed the claim
                  payment.

              	
                10

              	
                MM/DD/YYYY

              
	
                HAZARD_CLAIM_PAID_AMT

              	
                The
                  amount the Hazard Insurance Company paid on the claim.

              	
                11

              	
                No
                  commas(,) or dollar signs ($)

              
	
                ACTION_CODE

              	
                Indicates
                  loan status

              	 	
                Number

              
	
                NOD_DATE

              	
                 

              	
                 

              	
                MM/DD/YYYY

              
	
                NOI_DATE

              	
                 

              	
                 

              	
                MM/DD/YYYY

              
	
                ACTUAL_PAYMENT_PLAN_START_DATE

              	
                 

              	
                 

              	
                MM/DD/YYYY

              
	
                ACTUAL_PAYMENT_
                  PLAN_END_DATE

              	
                 

              	
                 

              	
                 

              
	
                ACTUAL_REO_START_DATE

              	
                 

              	
                 

              	
                MM/DD/YYYY

              
	
                REO_SALES_PRICE

              	
                 

              	
                 

              	
                Number

              
	
                REALIZED_LOSS/GAIN

              	
                As
                  defined in the Servicing Agreement

              	
                 

              	
                Number

              

      

    

    

    
      Exhibit
        2:Standard File Codes – Delinquency
        Reporting

    

     

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

     

    
      
        	
                •

              	
                ASUM-

              	
                Approved
                  Assumption

              
	
                •

              	
                BAP-

              	 
	
                •

              	
                CO-

              	
                Borrower
                  Assistance Program

              
	
                •

              	
                DIL-

              	
                   Deed-in-Lieu

              
	
                •

              	
                FFA-

              	
                   Formal
                  Forbearance Agreement

              
	
                •

              	
                MOD-

              	
                   Loan
                  Modification

              
	
                •

              	
                PRE-

              	
                   Pre-Sale

              
	
                •

              	
                SS-

              	
                   Short
                  Sale

              
	
                •

              	
                MISC-

              	
                Anything
                  else approved by the PMI or Pool
                  Insurer

              

      

    

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

     

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

     

    
      	
              ·  

            	
              Mortgagor

            

    

     

    
      	
              ·  

            	
              Tenant

            

    

     

    
      	
              ·  

            	
              Unknown

            

    

     

    
      	
              ·  

            	
              Vacant

            

    

     

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

     

    
      	
              ·  

            	
              Damaged

            

    

     

    
      	
              ·  

            	
              Excellent

            

    

     

    
      	
              ·  

            	
              Fair

            

    

     

    
      	
              ·  

            	
              Gone

            

    

     

    
      	
              ·  

            	
              Good

            

    

     

    
      	
              ·  

            	
              Poor

            

    

     

    
      	
              ·  

            	
              Special
                Hazard

            

    

     

    
      	
              ·  

            	
              Unknown

            

    

     

    

    
      Exhibit
        2:Standard File Codes – Delinquency Reporting,
Continued

    

     

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

     

    
      
        	
                Delinquency
                  Code

              	
                Delinquency
                  Description

              
	
                001

              	
                FNMA-Death
                  of principal
                  mortgagor

              
	
                002

              	
                FNMA-Illness
                  of principal
                  mortgagor

              
	
                003

              	
                FNMA-Illness
                  of mortgagor’s family
                  member

              
	
                004

              	
                FNMA-Death
                  of mortgagor’s family
                  member

              
	
                005

              	
                FNMA-Marital
                  difficulties

              
	
                006

              	
                FNMA-Curtailment
                  of
                  income

              
	
                007

              	
                FNMA-Excessive
                  Obligation

              
	
                008

              	
                FNMA-Abandonment
                  of
                  property

              
	
                009

              	
                FNMA-Distant
                  employee
                  transfer

              
	
                011

              	
                FNMA-Property
                  problem

              
	
                012

              	
                FNMA-Inability
                  to sell
                  property

              
	
                013

              	
                FNMA-Inability
                  to rent
                  property

              
	
                014

              	
                FNMA-Military
                  Service

              
	
                015

              	
                FNMA-Other

              
	
                016

              	
                FNMA-Unemployment

              
	
                017

              	
                FNMA-Business
                  failure

              
	
                019

              	
                FNMA-Casualty
                  loss

              
	
                022

              	
                FNMA-Energy
                  environment
                  costs

              
	
                023

              	
                FNMA-Servicing
                  problems

              
	
                026

              	
                FNMA-Payment
                  adjustment

              
	
                027

              	
                FNMA-Payment
                  dispute

              
	
                029

              	
                FNMA-Transfer
                  of ownership
                  pending

              
	
                030

              	
                FNMA-Fraud

              
	
                031

              	
                FNMA-Unable
                  to contact
                  borrower

              
	
                INC

              	
                FNMA-Incarceration

              

      

    

    

     

    Exhibit
      2:Standard File Codes – Delinquency Reporting,
Continued

     

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

     

    
      
        	
                Status
                  Code

              	
                Status
                  Description

              
	
                09

              	
                Forbearance

              
	
                17

              	
                Pre-foreclosure
                  Sale Closing Plan
                  Accepted

              
	
                24

              	
                Government
                  Seizure

              
	
                26

              	
                Refinance

              
	
                27

              	
                Assumption

              
	
                28

              	
                Modification

              
	
                29

              	
                Charge-Off

              
	
                30

              	
                Third
                  Party
                  Sale

              
	
                31

              	
                Probate

              
	
                32

              	
                Military
                  Indulgence

              
	
                43

              	
                Foreclosure
                  Started

              
	
                44

              	
                Deed-in-Lieu
                  Started

              
	
                49

              	
                Assignment
                  Completed

              
	
                61

              	
                Second
                  Lien
                  Considerations

              
	
                62

              	
                Veteran’s
                  Affairs-No
                  Bid

              
	
                63

              	
                Veteran’s
                  Affairs-Refund

              
	
                64

              	
                Veteran’s
                  Affairs-Buydown

              
	
                65

              	
                Chapter
                  7
                  Bankruptcy

              
	
                66

              	
                Chapter
                  11
                  Bankruptcy

              
	
                67

              	
                Chapter
                  13
                  Bankruptcy

              

      

    

    
 

     

    EXHIBIT
      M-2

    MONTHLY
      REMITTANCE
      ADVICE

    

     

     

      
        	 	
                Standard
                  Loan Level File Layout – Master Servicing

              	
                 

              	
                 

              	
                 

              
	 	 	
                 

              	
                 

              	
                 

              
	
                Exhibit
                  1:  Layout

              	 	
                 

              	
                 

              	
                 

              
	
                Column
                  Name

              	
                Description

              	
                Decimal

              	
                Format
                  Comment

              	
                Max
                  Size

              
	
                Each
                  file requires the following fields:

              	
                 

              	
                 

              	
                 

              
	
                SER_INVESTOR_NBR

              	
                A
                  value assigned by the Servicer to define a group of loans.

              	
                 

              	
                Text
                  up to 20
                  digits

              	
                20

              
	
                LOAN_NBR

              	
                A
                  unique identifier assigned to each loan by the investor.

              	
                 

              	
                Text
                  up to 10 digits

              	
                10

              
	
                SERVICER_LOAN_NBR

              	
                A
                  unique number assigned to a loan by the Servicer.  This may be
                  different than the LOAN_NBR.

              	
                 

              	
                Text
                  up to 10 digits

              	
                10

              
	
                SCHED_PAY_AMT

              	
                Scheduled
                  monthly principal and scheduled interest payment that a borrower
                  is
                  expected to pay, P&I constant.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                NOTE_INT_RATE

              	
                The
                  loan interest rate as reported by the Servicer.

              	
                4

              	
                Max
                  length of 6

              	
                6

              
	
                NET_INT_RATE

              	
                The
                  loan gross interest rate less the service fee rate as reported
                  by the
                  Servicer.

              	
                4

              	
                Max
                  length of 6

              	
                6

              
	
                SERV_FEE_RATE

              	
                The
                  servicer's fee rate for a loan as reported by the
                  Servicer.

              	
                4

              	
                Max
                  length of 6

              	
                6

              
	
                SERV_FEE_AMT

              	
                The
                  servicer's fee amount for a loan as reported by the
                  Servicer.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                NEW_PAY_AMT

              	
                The
                  new loan payment amount as reported by the Servicer.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                NEW_LOAN_RATE

              	
                The
                  new loan rate as reported by the Servicer.

              	
                4

              	
                Max
                  length of 6

              	
                6

              
	
                ARM_INDEX_RATE

              	
                The
                  index the Servicer is using to calculate a forecasted
                  rate.

              	
                4

              	
                Max
                  length of 6

              	
                6

              
	
                ACTL_BEG_PRIN_BAL

              	
                The
                  borrower's actual principal balance at the beginning of the processing
                  cycle.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                ACTL_END_PRIN_BAL

              	
                The
                  borrower's actual principal balance at the end of the processing
                  cycle.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                BORR_NEXT_PAY_DUE_DATE

              	
                The
                  date at the end of processing cycle that the borrower's next payment
                  is
                  due to the Servicer, as reported by Servicer.

              	
                 

              	
                MM/DD/YYYY

              	
                10

              
	
                SERV_CURT_AMT_1

              	
                The
                  first curtailment amount to be applied.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                SERV_CURT_DATE_1

              	
                The
                  curtailment date associated with the first curtailment
                  amount.

              	
                 

              	
                MM/DD/YYYY

              	
                10

              
	
                CURT_ADJ_
                  AMT_1

              	
                The
                  curtailment interest on the first curtailment amount, if
                  applicable.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                SERV_CURT_AMT_2

              	
                The
                  second curtailment amount to be applied.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                SERV_CURT_DATE_2

              	
                The
                  curtailment date associated with the second curtailment
                  amount.

              	
                 

              	
                MM/DD/YYYY

              	
                10

              
	
                CURT_ADJ_
                  AMT_2

              	
                The
                  curtailment interest on the second curtailment amount, if
                  applicable.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              

      

    

    

    
      
        	 	 	 	 	 
	
                Exhibit
                  1:Continued

              	
                Standard
                  Loan Level File Layout

              	
                 

              	
                 

              	
                 

              
	
                Column
                  Name

              	
                Description

              	
                Decimal

              	
                Format
                  Comment

              	
                Max
                  Size

              
	
                SERV_CURT_AMT_3

              	
                The
                  third curtailment amount to be applied.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                SERV_CURT_DATE_3

              	
                The
                  curtailment date associated with the third curtailment
                  amount.

              	 	
                MM/DD/YYYY

              	
                10

              
	
                CURT_ADJ_AMT_3

              	
                The
                  curtailment interest on the third curtailment amount, if
                  applicable.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                PIF_AMT

              	
                The
                  loan "paid in full" amount as reported by the Servicer.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                PIF_DATE

              	
                The
                  paid in full date as reported by the Servicer.

              	 	
                MM/DD/YYYY

              	
                10

              
	
                 

                ACTION_CODE

              	
                 

                The
                  standard FNMA numeric code used to indicate the default/delinquent
                  status
                  of a particular loan.

              	 	
                Action
                  Code Key: 15=Bankruptcy, 30=Foreclosure, , 60=PIF, 63=Substitution,
                  65=Repurchase,70=REO

              	
                2

              
	
                INT_ADJ_AMT

              	
                The
                  amount of the interest adjustment as reported by the
                  Servicer.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                SOLDIER_SAILOR_ADJ_AMT

              	
                The
                  Soldier and Sailor Adjustment amount, if applicable.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                NON_ADV_LOAN_AMT

              	
                The
                  Non Recoverable Loan Amount, if applicable.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                LOAN_LOSS_AMT

              	
                The
                  amount the Servicer is passing as a loss, if applicable.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                Plus
                  the following applicable fields:

              	 	
                 

              	 
	
                SCHED_BEG_PRIN_BAL

              	
                The
                  scheduled outstanding principal amount due at the beginning of
                  the cycle
                  date to be passed through to investors.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                SCHED_END_PRIN_BAL

              	
                The
                  scheduled principal balance due to investors at the end of a processing
                  cycle.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                SCHED_PRIN_AMT

              	
                The
                  scheduled principal amount as reported by the Servicer for the
                  current
                  cycle -- only applicable for Scheduled/Scheduled Loans.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                SCHED_NET_INT

              	
                The
                  scheduled gross interest amount less the service fee amount for
                  the
                  current cycle as reported by the Servicer -- only applicable for
                  Scheduled/Scheduled Loans.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                ACTL_PRIN_AMT

              	
                The
                  actual principal amount collected by the Servicer for the current
                  reporting cycle -- only applicable for Actual/Actual
                  Loans.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                ACTL_NET_INT

              	
                The
                  actual gross interest amount less the service fee amount for the
                  current
                  reporting cycle as reported by the Servicer -- only applicable
                  for
                  Actual/Actual Loans.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                PREPAY_PENALTY_
                  AMT

              	
                The
                  penalty amount received when a borrower prepays on his loan as
                  reported by
                  the Servicer.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                PREPAY_PENALTY_
                  WAIVED

              	
                The
                  prepayment penalty amount for the loan waived by the
                  servicer.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              

      
 

    
      
        	 	 	 	 	 
	
                Exhibit
                  1: Continued

              	
                Standard
                  Loan Level File Layout

              	
                 

              	
                 

              	
                 

              
	
                Column
                  Name

              	
                Description

              	
                Decimal

              	
                Format
                  Comment

              	
                Max
                  Size

              
	
                MOD_DATE

              	
                The
                  Effective Payment Date of the Modification for the loan.

              	 	
                MM/DD/YYYY

              	
                10

              
	
                MOD_TYPE

              	
                The
                  Modification Type.

              	 	
                Varchar
                  - value can be alpha or numeric

              	
                30

              
	
                DELINQ_P&I_ADVANCE_AMT

              	
                The
                  current outstanding principal and interest advances made by
                  Servicer.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              	
                11

              
	
                 

                BREACH_FLAG

              	
                Flag
                  to indicate if the repurchase of a loan is due to a breach of
                  Representations and Warranties

              	 	
                Y=Breach

                N=NO
                  Breach

                Let
                  blank if N/A

              	
                1

              

      

     

    
      

       

    

    

    
      

       

    
      

       

    

    EXHIBIT
      M-3

     

    FORM
      OF REALIZED LOSS REPORT

     

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

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

    1.  

     

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

     

    Liquidation
      and Acquisition Expenses:

     

    
      	
               

            	
              1.

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

            

    

     

     

    

     

    
      	
               

            	
              2.

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

            

    

     

    
      	
               

            	
              3.

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

            

    

     

    
      	
              4-12.

            	
              Complete
                as applicable.  Required
                documentation:

            

    

     

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

     

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

     

     *  For
      escrow advances - complete payment history

     

     (to
      calculate advances from last positive escrow balance forward)

     

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

     

    *  REO
      repairs> $1500 require explanation

     

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

     

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

     

    *  Unusual
      or extraordinary items may require further documentation.

     

    
      	
               

            	
              13.

            	
              The
                total of lines 1 through 12.

            

    

     

    3.  Credits:

     

    
      	
              14-21.

            	
              Complete
                as applicable.  Required
                documentation:

            

    

     

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

     

       Letter
      of Proceeds Breakdown.

     

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

     

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

     

    
      	
               

            	
              22.

            	
              The
                total of lines 14 through 21.

            

    

     

    
      	
              Please
                Note:

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

            

    

     

     

    Total
      Realized Loss (or Amount of Any Gain)

     

    
      	
               

            	
              23.

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

            

    

    
       

       

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

    

     

    Prepared
      by:  __________________                                                                                                Date:  _______________

     

    Phone:  ______________________   Email
      Address:_____________________

     

     

    
      	
              Servicer
                Loan No.

               

            	 	
              Servicer
                Name

               

            	 	
              Servicer
                Address

               

               

            

    

     

     

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

     

    Borrower's
      Name: _________________________________________________________

    Property
      Address: _________________________________________________________

     

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

     

    Was
      this loan granted a Bankruptcy deficiency or
      cramdownYes    No

    If
“Yes”,
      provide deficiency or cramdown amount
      _______________________________

    
 

    
      
        
          
            	
                    Liquidation
                      and Acquisition Expenses:

                  	 	 	 	 
	
                    (1)

                  	
                    Actual
                      Unpaid Principal Balance of Mortgage Loan

                  	
                     

                  	$	 	
                    (1)

                  
	
                    (2)

                  	
                    Interest
                      accrued at Net Rate

                  	 	
                     

                  	 	
                    (2)

                  
	
                    (3)

                  	
                    Accrued
                      Servicing Fees

                  	 	
                     

                  	 	
                    (3)

                  
	
                    (4)

                  	
                    Attorney's
                      Fees

                  	 	
                     

                  	 	
                    (4)

                  
	
                    (5)

                  	
                    Taxes
                      (see page 2)

                  	 	
                     

                  	 	
                    (5)

                  
	
                    (6)

                  	
                    Property
                      Maintenance

                  	 	 	 	
                     

                  	 	
                    (6)

                  
	
                    (7)

                  	
                    MI/Hazard
                      Insurance Premiums (see page 2)

                  	
                     

                  	 	 	
                    (7)

                  
	
                    (8)

                  	
                    Utility
                      Expenses

                  	 	 	 	
                     

                  	 	
                    (8)

                  
	
                    (9)

                  	
                    Appraisal/BPO

                  	 	 	 	
                     

                  	 	
                    (9)

                  
	
                    (10)

                  	
                    Property
                      Inspections

                  	 	 	 	
                     

                  	 	
                    (10)

                  
	
                    (11)

                  	
                    FC
                      Costs/Other Legal Expenses

                  	 	 	 	
                    (11)

                  
	
                    (12)

                  	
                    Other
                      (itemize)

                  	 	 	 	
                     

                  	 	
                    (12)

                  
	 	 	
                    Cash
                      for Keys

                  	 	
                     

                  	 	 	
                    (12)

                  
	 	 	
                    HOA/Condo
                      Fees

                  	 	
                     

                  	 	 	
                    (12)

                  
	 	 	
                     

                  	 	
                     

                  	 	 	
                    (12)

                  
	 	 	 	 	 	 	 	 
	 	 	
                    Total
                      Expenses

                  	 	 	$	 	
                    
                      (13)

                    

                  
	
                    Credits:

                  	 	 	 	 	 	 	 
	
                    (14)

                  	
                    Escrow
                      Balance

                  	 	 	 	
                    $
                      

                  	 	
                    (14)

                  
	
                    (15)

                  	
                    HIP
                      Refund

                  	 	 	 	 	 	
                    
                      (15)

                    

                  
	
                    (16)

                  	
                    Rental
                      Receipts

                  	 	 	 	
                     

                  	 	
                    (16)

                  
	
                    (17)

                  	
                    Hazard
                      Loss Proceeds

                  	 	 	 	
                     

                  	 	
                    (17)

                  
	
                    (18)

                  	
                    Primary
                      Mortgage Insurance / Gov’t Insurance

                  	
                     

                  	 	 	(18a)

	
                    HUD
                      Part A

                  	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	
                    HUD
                      Part B

                  	 	 	 	 	 	(18b)
	
                    (19)

                  	
                    Pool
                      Insurance Proceeds

                  	 	 	 	
                     

                  	 	
                    (19)

                  
	
                    (20)

                  	
                    Proceeds
                      from Sale of Acquired Property

                  	
                     

                  	 	 	
                    (20)

                  
	
                    (21)

                  	
                    Other
                      (itemize)

                  	 	 	 	
                     

                  	 	
                    (21)

                  
	 	
                     

                  	 	
                     

                  	
                     

                  	 	 	
                    (21)

                  
	 	 	 	 	 	 	 	 
	 	
                    Total
                      Credits

                  	 	 	 	
                    $

                  	 	
                    (22)

                  
	
                    Total
                      Realized Loss (or Amount of Gain)

                  	
                     

                  	
                     

                  	
                    $

                  	 	
                    (23)

                  

          

        

      

     

     

    Escrow
      Disbursement Detail

    

    
      
        	
                Type

                (Tax
                  /Ins.)

              	
                Date
                  Paid

              	
                Period
                  of 

                Coverage

              	
                Total
                  Paid

              	
                Base
                  

                Amount

              	
                Penalties

              	
                Interest

              
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

      

    
 

     

    EXHIBIT
      N

     

    ADDENDUM
      REGULATION AB

    COUNTRYWIDE
      ADDENDUM REGULATION AB

    

    1.           Capitalized
      terms used herein but not otherwise defined shall have the meanings set forth
      in
      the Pooling and Servicing Agreement.

    

    Countrywide
      Information:  As defined in Section 2(g)(i)(A)(1).

    

    Securitization
      Transaction:  Citigroup Mortgage Loan Trust 2007-AMC4,
      Asset-Backed Pass-Through Certificates, Series 2007-AMC4.

    

    Servicer:  As
      defined
      in Section 2(c)(iii).

    

    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 Countrywide or a
      Subservicer.

    

    Subservicer:  Any
      Person that services Mortgage Loans on behalf of Countrywide 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 Countrywide under the Pooling and Servicing
      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 the Depositor, the Master
      Servicer or investor in the Securitization Transaction, nor any “back-up
      servicer” or trustee performing servicing functions on behalf of the
      Securitization Transaction.

    

    2.           The
      Master Servicer, the Depositor and Countrywide agree that the Pooling and
      Servicing Agreement is hereby supplemented by adding the following
      provisions:

    

    (a)           Intent
      of the Parties; Reasonableness.

    

    The
      Depositor, the Master Servicer and Countrywide acknowledge and agree that the
      purpose of Article 2 of this Addendum is to facilitate compliance by the Master
      Servicer and the Depositor with the provisions of Regulation AB and related
      rules and regulations of the Commission.  Neither the Master Servicer
      nor the 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.  Countrywide
      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 negotiate in good faith with the Master
      Servicer and the Depositor with regard to any reasonable requests for delivery
      of information under these provisions on the basis of evolving interpretations
      of Regulation AB.  In connection with the Securitization
      Transaction, Countrywide shall cooperate fully with the Master Servicer and
      the
      Depositor to deliver to the Master Servicer (including any of its assignees
      or
      designees) and the Depositor, any and all statements, reports, certifications,
      records and any other information necessary to permit the Master Servicer or
      the
      Depositor to comply with the provisions of Regulation AB, together with such
      disclosures relating to Countrywide, and any parties or items identified in
      writing by the Master Servicer or the Depositor, including, any Subservicer
      or
      the servicing of the Mortgage Loans necessary in order to effect such
      compliance.

    

    The
      Depositor and the Master Servicer
      agree that they will cooperate with Countrywide and provide sufficient and
      timely notice of any information requirements pertaining to the Securitization
      Transaction.  The Depositor and the Master Servicer 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)           [Reserved].

    

    (c)           Information
      to Be Provided by Countrywide.

    

    In
      connection with the Securitization Transaction Countrywide shall (1) within
      ten
      Business Days following request by the Master Servicer or the Depositor, provide
      to the Master Servicer and the Depositor (or cause each Subservicer to provide),
      in writing reasonably required for compliance with Regulation AB, the
      information and materials specified in paragraph (iii) of this Section 2(c),
      (2)
      within the time frame set forth therein, the information and materials specified
      in paragraph (vi) of this Section 2(c), and (3) as promptly as practicable
      following notice to or discovery by Countrywide, provide to the Master Servicer
      and the Depositor (as required by Regulation AB) the information specified
      in
      paragraph (iv) of this Section.

    

    (i)           Reserved.

    

    (ii)           Reserved.

    

    (iii)           Reserved.

    

    (iv)           For
      the purpose of satisfying the reporting obligations of the Issuing Entity under
      the Exchange Act, Countrywide shall (and shall cause each Subservicer to) (a)
      provide prompt notice to the Master Servicer and the Depositor in writing of
      (1)
      any merger, consolidation or sale of substantially all of the assets of
      Countrywide, (2) Countrywide’s entry into an agreement with a Subservicer to
      perform or assist in the performance of any of Countrywide’s obligations under
      the Pooling and Servicing Agreement that qualifies as an “entry into a material
      definitive agreement” under Item 1.01 of the Form 8-K, (3) any Servicer Event of
      Default under the terms of the Pooling and Servicing Agreement to the extent
      not
      known by the Master Servicer or the Depositor, and (4) a brief description
      of
      any material litigation or governmental proceedings involving Countrywide or
      any
      Subservicer.

    

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

    

    (vi)           Countrywide
      shall provide to the Master
      Servicer and the Depositor a description of any affiliation or relationship
      required to be disclosed under Item 1119 between Countrywide and any of the
      parties listed in Items 1119 (a)(1)-(6) of
      Regulation AB that develops following
      the Closing Date (other than an affiliation or relationship that the Master
      Servicer, 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, Countrywide (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 the 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 Countrywide 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 or the Master
      Servicer.

    

    (vii)           Not
      later than ten days prior to the deadline for the filing of the Monthly
      Statement on Form 10-D in respect of the Securitization Transaction that
      includes any of the Mortgage Loans serviced by Countrywide or any Subservicer,
      Countrywide or such Subservicer, as applicable, shall, to the extent Countrywide
      or such Subservicer has knowledge, provide to the party responsible for filing
      such report (including, if applicable, the Master Servicer) notice of the
      occurrence of any of the following events, along with all information, data,
      and
      materials related thereto as may be required to be included in the related
      distribution report on Form 10-D:

    

    (a)           any
      material modifications, extensions or waivers of Mortgage Loan terms, fees,
      penalties or payments during the distribution period; or

    

    (b)           material
      breaches of transaction covenants under the Pooling and Servicing Agreement,
      as
      supplemented herein.

    

    (d)           Servicer
      Compliance Statement.

    

    On
      or
      before March 5 of each calendar year, commencing in 2008, Countrywide shall
      deliver to the Master Servicer and the Depositor a statement of compliance
      addressed to the Master Servicer and the Depositor and signed by an authorized
      officer of Countrywide, to the effect that (i) a review of Countrywide’s
      servicing activities during the immediately preceding calendar year (or
      applicable portion thereof) and of its performance under the servicing
      provisions of the Pooling and Servicing 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, Countrywide has fulfilled all of its servicing
      obligations under the Pooling and Servicing 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 2008, Countrywide
      shall:

    

    (A)           deliver
      to the Master Servicer and the Depositor a report regarding Countrywide’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 Master Servicer and the Depositor and signed by an authorized
      officer of Countrywide, and shall address each of the applicable Servicing
      Criteria specified on Exhibit A hereto (wherein “Investor” shall mean the Master
      Servicer);

    

    (B)           deliver
      to the Master Servicer and the Depositor a report of a registered public
      accounting firm that attests to, and reports on, the assessment of compliance
      made by Countrywide 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 Countrywide pursuant to Section 2(f)(ii) to be “participating in
      the servicing function” within the meaning of Item 1122 of Regulation AB (each,
      a “Participating Entity”), to deliver to the Master Servicer and the Depositor
      an assessment of compliance and accountants’ attestation as and when provided in
      paragraphs (i) and (ii) of this Section 2(e); and

    

    (D)           deliver,
      or, if required by Regulation AB, cause each Subservicer and Participating
      Entity to deliver to the Master Servicer, the 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 the Issuing Entity
      a
      certification, signed by the appropriate officer of Countrywide, in the form
      attached hereto as Exhibit B; provided that such certification delivered by
      Countrywide may not be filed as an exhibit to, or included in, any filing with
      the Commission.

    

    Countrywide
      acknowledges that the party identified in clause (i)(D) above may rely on the
      certification provided by Countrywide 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 (wherein “investor” shall mean the Master Servicer) delivered
      to the Master Servicer and the Depositor concurrently with the execution of
      the
      Pooling and Servicing 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 Participating Entity pursuant to Section
      2(e)(i)(C) need not address any elements of the Servicing Criteria other than
      those specified by Countrywide pursuant to Section 2(f).

    

    If
      reasonably requested by the Master Servicer or the Depositor, Countrywide shall
      provide to the Master Servicer or the Depositor, evidence of the authorization
      of the person signing the certificate or statement provided pursuant to Section
      2(d) and 2(e) of this Addendum.

    

    (f)           Use
      of Subservicers and Subcontractors.

    

    Countrywide
      shall not hire or otherwise utilize the services of any Subservicer to fulfill
      any of the obligations of Countrywide as servicer under the Pooling and
      Servicing Agreement unless Countrywide complies with the provisions of paragraph
      (i) of this Subsection (f).  Countrywide 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 Countrywide as servicer under the Pooling and Servicing
      Agreement unless Countrywide complies with the provisions of paragraph (ii)
      of
      this Subsection (f).

    

    (i)           It
      shall not be necessary for Countrywide to seek the consent of the Master
      Servicer or the Depositor to the utilization of any Subservicer.  If
      required by Regulation AB, Countrywide shall cause any Subservicer used by
      Countrywide (or by any Subservicer) for the benefit of the Master Servicer
      and
      the 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 Addendum, and to provide the
      information required with respect to such Subservicer under Section 2(c)(iv)
      of
      this Addendum.  Countrywide shall be responsible for obtaining from
      each Subservicer and delivering to the Master Servicer and the 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 Countrywide to seek the consent of the Master
      Servicer or the Depositor to the utilization of any Subcontractor.  If
      required by Regulation AB, after reasonable notice from the Master Servicer
      or
      the Depositor of the parties involved in the Securitization Transaction,
      Countrywide shall promptly upon request provide to the Master Servicer and
      the
      Depositor a written description  of the role and function of each
      Subcontractor utilized by Countrywide or any Subservicer, specifying (A) the
      identity of each such Subcontractor, (B) which (if any) of such Subcontractors
      are Participating Entities, and (C) which elements of the Servicing Criteria
      will be addressed in assessments of compliance provided by each Participating
      Entity identified pursuant to clause (B) of this paragraph.

    

    Countrywide
      shall cause any such Participating Entity used by Countrywide (or by any
      Subservicer) for the benefit of the Master Servicer and the Depositor to comply
      with the provisions of Section 2(e) of this Addendum.  Countrywide
      shall be responsible for obtaining from each Participating Entity and delivering
      to the Master Servicer and the Depositor any assessment of compliance and
      attestation and certificate required to be delivered by such Participating
      Entity under Section 2(e), in each case as and when required to be
      delivered.

    

    (g)           Indemnification;
      Remedies.

    

    (i)           Countrywide
      shall indemnify the Master Servicer and each of the following parties
      participating in the Securitization Transaction: the Sponsor, the Depositor
      and
      the Issuing Entity; each Person responsible for the execution or filing of
      any
      report required to be filed with the Commission with respect to the
      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 the
      Securitization Transaction; each broker dealer acting as underwriter, acting
      as
      placement agent or acting as initial purchaser; 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 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 Addendum by or on behalf of Countrywide, or provided under this
      Addendum by or on behalf of any Subservicer or Participating Entity
      (collectively, the “Countrywide Information”), or (2) the omission or alleged
      omission to state in Countrywide Information a material fact required to be
      stated in Countrywide 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 Countrywide Information
      and
      not to any other information communicated in connection with the sale or
      purchase of the Certificates, without regard to whether Countrywide Information
      or any portion thereof is presented together with or separately from such other
      information;

    

    (B)           any
      failure by Countrywide, any Subservicer, any Participating Entity to deliver
      any
      information, report, certification, accountants’ letter or other material when
      and as required under this Addendum, including any failure by Countrywide to
      identify pursuant to Section 2(f)(ii) any Participating Entity; or

    

    (C)           any
      breach by Countrywide 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, to the extent that such breach is not cured
      by
      such closing date, or any breach by Countrywide 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.

    

    If
      the indemnification provided for
      herein is unavailable or insufficient to hold harmless the parties set forth
      in
      Section 2(g)(i), then Countrywide agrees that it shall contribute to the amount
      paid or payable by such indemnified party as a result of any claims, losses,
      damages or liabilities incurred by such indemnified party in such proportion
      as
      is appropriate to reflect the relative fault of such indemnified party on the
      one hand and Countrywide on the other.

    

    In
      the
      case of any failure of performance described in clause (i)(B) of this Section,
      Countrywide shall promptly reimburse the Master Servicer or the 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 the
      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 the
      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 Countrywide, any Subservicer
      or
      any Participating Entity.

    

    (ii)           (A)           Any
      failure by Countrywide, any Subservicer or any Participating Entity to deliver
      any information, report, certification, accountants’ letter or other material
      when and as required under this Addendum, which continues unremedied for three
      Business Days after receipt by Countrywide and the applicable Subservicer or
      Subcontractor of written notice of such failure from the Master Servicer or
      the
      Depositor shall, except as provided in clause (B) of this paragraph, constitute
      a Servicer Event of Default with respect to Countrywide under the Pooling and
      Servicing Agreement, and shall entitle the Master Servicer or the Depositor,
      as
      applicable, in its sole discretion to terminate the rights and obligations
      of
      Countrywide as servicer under the Pooling and Servicing Agreement without
      payment (notwithstanding anything in the Pooling and Servicing Agreement to
      the
      contrary) of any compensation to Countrywide (and appoint a successor servicer
      reasonably acceptable to the Master Servicer); provided, however it is
      understood that Countrywide shall remain entitled to receive reimbursement
      for
      all unreimbursed P&I Advances and Servicing Advances made by Countrywide
      under the Pooling and Servicing Agreement in accordance with and pursuant to
      the
      terms of the Pooling and Servicing Agreement as if Countrywide had not been
      terminated as servicer.  Notwithstanding anything to the contrary set
      forth herein, to the extent that any provision of the Pooling and Servicing
      Agreement expressly provides for the survival of certain rights or obligations
      following termination of Countrywide as servicer, such provision shall be given
      effect.

    

    (B)           Any
      failure by Countrywide, any Subservicer or any Participating Entity to deliver
      any information, report, certification or accountants’ letter required under
      Regulation AB when and as required under Section 2(d) or 2(e), including any
      failure by Countrywide to identify a Participating Entity, which continues
      unremedied for ten calendar days after the date on which such information,
      report, certification or accountants’ letter was required to be delivered shall
      constitute a Servicer Event of Default with respect to Countrywide under the
      Pooling and Servicing Agreement, and shall entitle the Master Servicer or the
      Depositor, as applicable, in its sole discretion to terminate the rights and
      obligations of Countrywide as servicer under the Pooling and Servicing Agreement
      without payment (notwithstanding anything in the Pooling and Servicing Agreement
      to the contrary) of any compensation to Countrywide;
provided,however it is understood that Countrywide shall
      remain entitled to receive reimbursement for all unreimbursed P&I Advances
      and Servicing Advances made by Countrywide under the Pooling and Servicing
      Agreement in accordance with and pursuant to the terms of the Pooling and
      Servicing Agreement as if Countrywide had not been terminated as
      servicer.  Notwithstanding anything to the contrary set forth herein,
      to the extent that any provision of the Pooling and Servicing Agreement
      expressly provides for the survival of certain rights or obligations following
      termination of Countrywide as servicer, such provision shall be given
      effect.

    

    (C)           Countrywide
      shall promptly reimburse the Master Servicer (or any affected designee of the
      Master Servicer) and the Depositor, as applicable, for all reasonable expenses
      incurred by the Master Servicer (or such designee) or the Depositor as such
      are
      incurred, in connection with the termination of Countrywide 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 Countrywide, the Master Servicer or the Depositor may have under other
      provisions of the Pooling and Servicing Agreement or otherwise, whether in
      equity or at law, such as an action for damages, specific performance or
      injunctive relief.

    

    (iii)           The
      Master Servicer agrees to indemnify and hold harmless Countrywide, any
      Subservicer, 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 Countrywide 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 incurred by such indemnified
      party
      in such proportion as is appropriate to reflect the relative fault of such
      indemnified party on the one hand and the indemnifying party on the
      other.

    

    (v)           The
      indemnifications provided for in Section 2(g) shall survive the termination
      of
      the Pooling and Servicing Agreement or the termination of any party to the
      Pooling and Servicing Agreement.

    

    3.  The
      Pooling and Servicing Agreement is hereby supplemented as follows:

     

    (A)           Subservicing
      Agreements Between Countrywide and Subservicers.

     

    Countrywide,
      as servicer, may arrange for the subservicing of any Mortgage Loan by a
      Subservicer pursuant to a subservicing agreement.  Each Subservicer
      shall be (i) authorized to transact business in the state or states where the
      related Mortgaged Properties it is to service are situated, if and to the extent
      required by applicable law to enable the Subservicer to perform its obligations
      hereunder and under the subservicing agreement and (ii) a Freddie Mac or Fannie
      Mae approved mortgage servicer.  Notwithstanding the provisions of any
      subservicing agreement, any of the provisions of the Pooling and Servicing
      Agreement relating to agreements or arrangements between Countrywide or a
      Subservicer or reference to actions taken through Countrywide or otherwise,
      Countrywide shall remain obligated and liable to the Master Servicer and its
      successors and assigns for the servicing and administration of the Mortgage
      Loans in accordance with the provisions of the Pooling and Servicing Agreement
      without diminution of such obligation or liability by virtue of such
      subservicing agreements or arrangements or by virtue of indemnification from
      the
      Subservicer and to the same extent and under the same terms and conditions
      as if
      Countrywide alone were servicing and administering the Mortgage
      Loans.  In the event Countrywide is terminated as servicer pursuant to
      Section 7.01 of the Pooling and Servicing Agreement or Section 2(g)(ii)(A)
      or
      (B) of this Addendum, the Subservicer, if any, shall no longer have the right
      to
      service the related Mortgage Loans.

     

    (B)           No
      Contractual Relationship Between Subservicer and the Master Servicer or the
      Depositor

     

    Any
      subservicing agreement and any other transactions or services relating to the
      Mortgage Loans involving a Subservicer shall be deemed to be between the
      Subservicer and Countrywide alone and the Master Servicer and the Depositor
      shall not be deemed a party thereto and shall have no claims, rights,
      obligations, duties or liabilities with respect to any Subservicer except as
      set
      forth in Section (A) above.

     

    4.  Notwithstanding
      any other provision of this Addendum, Countrywide shall seek the consent of
      the
      Master Servicer and the Depositor for the utilization of all Subservicers and
      Participating Entities, when required by and in accordance with the terms of
      the
      Pooling and Servicing Agreement.

     

    5.  The
      Pooling and Servicing Agreement is hereby supplemented with the Exhibit attached
      hereto as Exhibit A to the end thereto.  References in this Addendum
      to the “Pooling and Servicing Agreement” or words of similar import (including
      indirect references to the Pooling and Servicing Agreement) shall be deemed
      to
      be references to the Pooling and Servicing Agreement as supplemented by this
      Addendum.  In the event of a conflict between this Addendum and any
      other document or agreement, including without limitation the Pooling and
      Servicing Agreement, this Addendum shall control.

     

    

    EXHIBIT
      A

    

    SERVICING
      CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE

    

    The
      assessment of compliance to be delivered by [Countrywide] [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

            
	
              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

            
	
              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

            

    

    

    
      	
              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:

            	 

    

     

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    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 Master Servicer], [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 Countrywide provided in
      accordance with Item 1123 of Regulation AB (the “Compliance Statement”), the
      report on assessment of Countrywide’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 Countrywide during 200[ ] that were delivered
      by Countrywide to the [Depositor] [Master Servicer] [Securities Administrator]
      or [Trustee] pursuant to the Pooling and Servicing Agreement (collectively,
      the
“Company Servicing Information”);

     

    (2)           Based
      on my knowledge, Countrywide 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 Countrywide Servicing Information;

     

    (3)           Based
      on my knowledge, all of Countrywide Servicing Information required to be
      provided by Countrywide under the Pooling and Servicing Agreement has been
      provided to the [Depositor] [Master Servicer] [Securities Administrator] or
      [Trustee];

     

    (4)           I
      am responsible for reviewing the activities performed by Countrywide as servicer
      under the Pooling and Servicing 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, Countrywide has fulfilled its obligations under the Pooling
      and Servicing Agreement; and

     

    

    [Intentionally
      Left Blank]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (5)           The
      Compliance Statement required to be delivered by Countrywide pursuant to the
      Pooling and Servicing Agreement, and the Servicing Assessment and Attestation
      Report required to be provided by Countrywide and by each Subservicer and
      Participating Entity pursuant to the Pooling and Servicing 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:

            	 

    

     

    

    

    

     

     

    

     

    EXHIBIT
      O

     

    FORM
      OF
      INTEREST RATE SWAP AGREEMENT

     

    
    

     

    
      
        	
                 

              	 	 	
                ] 

              

      

    

    
 

    
      	 	
            
	
              Date:

            	
              June
                29,
                2007

            
	
               

            	 
	
              To:

            	
              Wells
                Fargo Bank, N.A., not
                individually, but solely as Supplemental Interest Trust Trustee on
                behalf
                of the Supplemental Interest Trust with respect to the Citigroup
                Mortgage
                Loan Trust 2007-AMC4, Asset-Backed Pass-Through Certificates, Series
                2007-AMC4

            
	
               

            	 
	
              Attn:

            	
              Client
                Manager – CMLTI
                2007-AMC4

            
	
               

            	 
	
              Phone:

            	
              (410)
                884-2000

            
	
              Fax:

            	
              (410)
                715-2380

            
	
               

            	 
	
              From:

            	
              Citibank
                N.A., New York

            
	 	
              Confirmations
                Unit

            
	 	
              333
                West 34th Street, 2nd
                Floor

            
	 	
              New
                York, NY 10001,
USA

            
	
               

            	 
	
              Phone:

            	
              1-212-615-8398

            
	
              Fax:

            	
              1-212-615-8985

            
	
              Email:

            	
              nyfiderivconfirms@citigroup.com

            
	
               

            	 
	
              Our
                ref:

            	
              M072762

            
	
              Your
                ref:

            	
               

            

    

     

     
  
    “
SWAP
      CONFIRMATION”
 
    The
      purpose of this letter agreement
      (this 'Confirmation') is to set forth the terms and conditions of the
      Transaction entered into between Wells Fargo Bank, N.A., not individually,
      but
      solely as Supplemental Interest Trust Trustee on behalf of the Supplemental
      Interest Trust with respect to the Citigroup Mortgage Loan Trust 2007-AMC4,
      Asset-Backed Pass-Through Certificates, Series 2007-AMC4('Counterparty') and
      Citibank N.A., New York ('Citibank') on the Trade Date specified below (the
      'Transaction').
 
    1.
      The definitions and provisions
      contained in the 2000 ISDA Definitions (the 'Definitions') (as published by
      the
      International Swaps and Derivatives Association, Inc.) are incorporated into
      this Confirmation. References herein to a 'Transaction' shall be deemed to
      be
      references to a 'Swap Transaction' for the purposes of the
      Definitions.
 
    This
      Confirmation supplements, forms a
      part of, and is subject to, the ISDA Master Agreement dated as of June 29,
      2007,
      as amended and supplemented from time
      to time (the 'Master Agreement'), between Counterparty and Citibank. All
      provisions contained in the Master Agreement govern this Confirmation except
      as
      expressly modified below. In the event of any inconsistency between this
      Confirmation and the Definitions or the Master Agreement, this Confirmation
      will
      govern.
 
    U.S.
      Federal law requires Citibank to
      obtain, verify and record customer identification
      information.
 
    2.
      The terms of the particular
      Transaction to which this Confirmation relates are as
      follows:

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
    

    

    
      	 	
            
	
              Trade
                Date:

            	
              June
                6,
                2007

            
	
               

            	 
	
              Effective
                Date:

            	
              June
                25,
                2008

            
	
               

            	 
	
              Termination
                Date:

            	
              July
                25, 2012, subject to
                adjustment in accordance with the Following Business Day Convention;
                provided, however, that for the purpose of determining the final
                Fixed
                Rate Payer Period End Date, Termination Date shall be subject to
                No
                Adjustment

            
	
               

            	 
	
              Notional
                Amount:

            	
               

              With
                respect to each Calculation
                Period, the amount set forth in Exhibit
                I
                 attached
                hereto opposite such
                Calculation Period under the heading 'Notional
                Amount'

            

    

    
    

    

     

    
    

     

    
      Fixed
        Amounts

    

     

    
      	
              Fixed
                Rate
                Payer:

            	
              Counterparty

            
	
               

            	 
	
              Fixed
                Rate
                Payer

              Period
                End
                Dates:

            	
              The
                25th calendar day of each
                month commencing July 25, 2008 through and including the Termination
                Date,
                with No Adjustment

            
	
               

            	 
	
              Fixed
                Rate
                Payer

              Payment
                Dates:

            	
              Early
                Payment shall apply – Two
                Business Days prior to the 25th
                calendar day of each month during
                the Term of this Transaction

            
	
               

            	 
	
              Fixed
                Amount:

            	
              To
                be determined in accordance with the following formula:

            
	 	
              Scale
                Factor * Fixed Rate * Notional Amount * Fixed Rate Day Count
                Fraction

            
	
               

              Fixed
                Rate:

            	
               

              5.3270000
                percent

            
	
               

            	 
	
              Fixed
                Rate

              Day
                Count
                Fraction:

            	
               

              30/360

            
	
               

            	 

    
  
    Floating
      Amounts

     

    
      	
              Floating
                Rate
                Payer:

            	
              Citibank

            
	
               

            	 
	
              Floating
                Rate
                Payer

              Period
                End
                Dates:

            	
              The
                25th calendar day of each
                month commencing July 25, 2008 through and including the Termination
                Date,
                subject to adjustment in accordance with the Business Day
                Convention

            
	
               

            	 
	
              Floating
                Rate
                Payer

              Payment
                Dates:

            	
              Early
                Payment shall apply – Two
                Business Days prior to the 25th
                calendar day of each month during
                the Term of this Transaction

            
	
               

            	 
	
              Floating
                Amount:

            	
              To
                be determined in accordance with the following formula:

            
	 	
              Scale
                Factor * Floating Rate Option * Notional Amount * Floating Rate Day
                Count
                Fraction

            
	
               

              Floating
                Rate
                Option:

            	
               

              USD-LIBOR-BBA

            
	
               

            	 
	
               

              Designated
                Maturity:

            	
               

              One
                month

            
	
               

            	 
	
               

              Spread:

            	
               

              None

            
	
               

            	 
	
              Floating
                Rate

              Day
                Count
                Fraction:

            	
               

              Actual/360

            
	
               

            	 
	
               

              Reset
                Dates:

            	
               

              The
                first day of each Floating
                Rate Payer Calculation Period

            
	
               

            	 
	
              Compounding:

            	
              Inapplicable

            
	
               

            	 
	
              Scale
                Factor:

            	
              250

            
	 	 
	
               

              Business
                Days:

            	
               

              New
                York, London

            
	
               

            	 
	
               

              Business
                Day
                Convention:

            	
               

              Following

            
	
               

            	 

    

     

    
      	
              Calculation
                Agent:

            	
              As
                per Master
                Agreement.

            
	
               

            	 

    

    
    

    
       

       

      3.
        Representations:

       

      Each
        party represents to the other party
        that:

       

      (a)
        Non-Reliance. It is acting for its
        own account, and it has made its own independent decisions to enter into
        this
        Transaction and as to whether this Transaction is appropriate or proper for
        it
        based upon its own judgment and upon advice from such advisors as it has
        deemed
        necessary. It is not relying on any communication (written or oral) of the
        other
        party as investment advice or as a recommendation to enter into this
        Transaction; it being understood that information and explanations related
        to
        the terms and conditions of this Transaction shall not be considered investment
        advice or a recommendation to enter into this Transaction. It has not received
        from the other party any assurance or guarantee as to the expected results
        of
        this Transaction.

       

      (b)
        Evaluation and Understanding. It is
        capable of evaluating and understanding (on its own behalf or through
        independent professional advice), and understands and accepts, the terms,
        conditions and risks of this Transaction. It is also capable of assuming,
        and
        assumes, the financial and other risks of this Transaction.

       

      (c)
        Status of Parties. The other party
        is not acting as a fiduciary or an advisor for it in respect of this
        Transaction. The parties further acknowledge that Wells Fargo Bank, N.A.
        acts
        solely in its capacity as Supplemental Interest Trust Trustee and not in
        its
        individual capacity.

       

      (d)
        Risk Management. It has entered into
        this Transaction for the purpose of (i) managing its borrowings or investments,
        (ii) hedging its underlying assets or liabilities or (iii) in connection
        with
        its line of business.

    
      4.
        Account
        Details

    

    

    
      	
              Payments
                to
                Citibank

              in
                USD:

            	
               

              Bank:
                Citibank NA New York

              BIC:
                CITIUS33 (or ABA:
                021000089)

              F/O:
                Citibank New York

              A/C:
                00167679

              Ref:
                NY Swap
                Operations

            
	
               

            	 
	
              Payments
                to
                Counterparty:

            	
              Wells
                Fargo Bank,
                N.A.

              ABA
                #:
                121-000-218

              For
                credit to: SAS
                Clearing

              Acct
                #:
                3970771416

              FFC:
                53164501

            

    

    

    
      	 	
              If
                you have any questions
                regarding this letter agreement, please contact the Swap Operations
                Department at the telephone numbers or the facsimile numbers indicated
                on
                this Confirmation.

            
	 	
              Please
                confirm that the foregoing
                correctly sets forth the terms of our agreement by executing the
                copy of
                this Confirmation enclosed for that purpose and returning it to
                us.

            
	 	
               

            

    

    

    
      	 	
              Very
                truly
                yours,

            
	 	
              Citibank
                N.A., New York

            
	 	 
	 	
              By:______________________

            
	
               

            	 
	
               

            	 

    

    

    
      	 	
              Accepted
                and confirmed
                as

            
	 	
              of
                the Trade
                Date:

            
	 	
               

            
	 	
              Wells
                Fargo Bank, N.A., not
                individually, but solely as Supplemental Interest Trust Trustee on
                behalf
                of the Supplemental Interest Trust with respect to the Citigroup
                Mortgage
                Loan Trust 2007-AMC4, Asset-Backed Pass-Through Certificates, Series
                2007-AMC4

            
	 	
               

            
	 	
               

            
	 	
              By:
                ________________________________________

            
	 	
              Authorized
                Signatory

            

    

     

     

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              EXHIBIT
                I-AMORTIZATION
                SCHEDULE

              Our
                Reference: 
                M072762

            
	 	 	 
	
               

            	
               

            
	
              
                Calculation
                  Period*
From
                and including

            	
              To
                but excluding

            	
              
                USD
Notional
                Amount

            
	
              Effective
                Date

            	
              25
                Jul 2008

            	
              2,963,482.78

            
	
              25
                Jul 2008

            	
              26
                Aug 2008

            	
              2,848,631.49

            
	
              26
                Aug 2008

            	
              25
                Sep 2008

            	
              2,737,686.02

            
	
              25
                Sep 2008

            	
              27
                Oct 2008

            	
              2,630,204.57

            
	
              27
                Oct 2008

            	
              25
                Nov 2008

            	
              2,526,122.19

            
	
              25
                Nov 2008

            	
              29
                Dec 2008

            	
              2,423,223.32

            
	
              29
                Dec 2008

            	
              26
                Jan 2009

            	
              2,314,614.95

            
	
              26
                Jan 2009

            	
              25
                Feb 2009

            	
              2,184,617.06

            
	
              25
                Feb 2009

            	
              25
                Mar 2009

            	
              2,032,096.43

            
	
              25
                Mar 2009

            	
              27
                Apr 2009

            	
              1,884,043.94

            
	
              27
                Apr 2009

            	
              26
                May 2009

            	
              1,749,171.88

            
	
              26
                May 2009

            	
              25
                Jun 2009

            	
              1,629,813.47

            
	
              25
                Jun 2009

            	
              27
                Jul 2009

            	
              1,532,966.18

            
	
              27
                Jul 2009

            	
              25
                Aug 2009

            	
              1,458,246.86

            
	
              25
                Aug 2009

            	
              25
                Sep 2009

            	
              1,390,769.97

            
	
              25
                Sep 2009

            	
              26
                Oct 2009

            	
              1,325,750.86

            
	
              26
                Oct 2009

            	
              25
                Nov 2009

            	
              1,262,978.94

            
	
              25
                Nov 2009

            	
              29
                Dec 2009

            	
              1,201,176.56

            
	
              29
                Dec 2009

            	
              25
                Jan 2010

            	
              1,138,452.81

            
	
              25
                Jan 2010

            	
              25
                Feb 2010

            	
              1,071,817.97

            
	
              25
                Feb 2010

            	
              25
                Mar 2010

            	
              996,996.40

            
	
              25
                Mar 2010

            	
              26
                Apr 2010

            	
              924,061.23

            
	
              26
                Apr 2010

            	
              25
                May 2010

            	
              924,061.23

            
	
              25
                May 2010

            	
              25
                Jun 2010

            	
              924,061.23

            
	
              25
                Jun 2010

            	
              26
                Jul 2010

            	
              924,061.23

            
	
              26
                Jul 2010

            	
              25
                Aug 2010

            	
              911,863.28

            
	
              25
                Aug 2010

            	
              27
                Sep 2010

            	
              878,182.68

            
	
              27
                Sep 2010

            	
              25
                Oct 2010

            	
              845,810.60

            
	
              25
                Oct 2010

            	
              26
                Nov 2010

            	
              814,695.24

            
	
              26
                Nov 2010

            	
              29
                Dec 2010

            	
              784,784.11

            
	
              29
                Dec 2010

            	
              25
                Jan 2011

            	
              756,028.13

            
	
              25
                Jan 2011

            	
              25
                Feb 2011

            	
              728,380.75

            
	
              25
                Feb 2011

            	
              25
                Mar 2011

            	
              701,797.41

            
	
              25
                Mar 2011

            	
              26
                Apr 2011

            	
              676,235.51

            
	
              26
                Apr 2011

            	
              25
                May 2011

            	
              651,654.25

            
	
              25
                May 2011

            	
              27
                Jun 2011

            	
              628,013.89

            
	
              27
                Jun 2011

            	
              25
                Jul 2011

            	
              605,276.66

            
	
              25
                Jul 2011

            	
              25
                Aug 2011

            	
              583,406.48

            
	
              25
                Aug 2011

            	
              26
                Sep 2011

            	
              562,368.81

            
	
              26
                Sep 2011

            	
              25
                Oct 2011

            	
              542,130.57

            
	
              25
                Oct 2011

            	
              25
                Nov 2011

            	
              522,660.02

            
	
              25
                Nov 2011

            	
              28
                Dec 2011

            	
              503,926.47

            
	
              28
                Dec 2011

            	
              25
                Jan 2012

            	
              485,900.57

            
	
              25
                Jan 2012

            	
              27
                Feb 2012

            	
              468,554.01

            
	
              27
                Feb 2012

            	
              26
                Mar 2012

            	
              451,857.23

            
	
              26
                Mar 2012

            	
              25
                Apr 2012

            	
              435,771.61

            
	
              25
                Apr 2012

            	
              25
                May 2012

            	
              420,261.83

            
	
              25
                May 2012

            	
              25
                Jun 2012

            	
              405,329.99

            
	
              25
                Jun 2012

            	
              Termination
                Date

            	
              390,957.11

            

    

    

    

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

     

    SCHEDULE

    

    to
      the

    

    ISDA
      Master Agreement

    

    dated
      as
      of June 29, 2007

    

    between

    

    CITIBANK,
      N.A.,

    a
      national banking association organized under the laws of the United
      States

    ("Party
      A")

    

    and

    

    Wells
      Fargo Bank, N.A., not individually, but solely as Supplemental Interest Trust
      Trustee on behalf of the Supplemental Interest Trust with respect to the
      Citigroup Mortgage Loan Trust 2007-AMC4, Asset-Backed Pass-Through Certificates,
      Series 2007-AMC4

    ("Party
      B")

    

    

    Part
      1

    

    Termination
      Provisions

     

    (a)           "Specified
      Entity" means:

    

    (i)           in
      relation to Party A:   not applicable; and

    

    (ii)           in
      relation to Party B:   not applicable.

    

    (b)           "Specified
      Transaction" shall have the meaning specified in Section 14 of this
      Agreement.

    

    (c)           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".

    

    (d)           The
      "Breach of Agreement" provisions of Section 5(a)(ii) will apply
      to Party A and will not apply to Party B.

    

    (e)           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.

    

    (f)           The
      "Misrepresentation" provisions of Section 5(a)(iv) will apply
      to Party A and will not apply to Party B.

    

    (g)           The
      "Default under Specified Transaction" provisions of Section
      5(a)(v) will not apply to Party A and will not apply to Party B.

    

    (h)           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), the following provisions apply:

    

    "Specified
      Indebtedness" will have the meaning specified in Section 14 of this
      Agreement 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, 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.

    

    (i)           The
      "Bankruptcy" provisions of Section 5(a)(vii) will apply to
      Party A and will apply to Party B except that in respect of Party B (A) Section
      5(a)(vii)(2) shall not apply, (B) Section 5(a)(vii)(3) shall not apply to any
      assignment, arrangement or composition that is effected by or pursuant to the
      Pooling and Servicing Agreement, (C) Section 5(a)(vii)(4) shall not apply to
      a
      proceeding instituted, or a petition presented, by Party A or any of its
      Affiliates (for purposes of Section 5(a)(vii)(4), Affiliate shall have the
      meaning set forth in Section 14, notwithstanding anything to the contrary in
      this Agreement), (D) Section 5(a)(vii)(6) shall not apply to any appointment
      that is effected by or pursuant to the Pooling and Servicing Agreement, or
      any
      appointment to which Party B has not yet become subject; (E) Section
      5(a)(vii)(7) shall not apply; (F) Section 5(a)(vii)(8) shall apply only to
      the
      extent of any event which has an effect analogous to any of the events specified
      in clauses (1), (3), (4), (5) or (6) of Section 5(a)(vii), in each case as
      modified in this Part 1(i)(C)(vii), and (G) Section 5(a)(vii)(9) shall not
      apply.

    

    (j)           The
      "Merger without Assumption" provisions of Section 5(a)(viii)
      will apply to Party A and will not apply to Party B.

    

    (k)           Notwithstanding
      anything to the contrary in Sections 5(a)(i) and 5(a)(iii) of this Agreement,
      any failure by Party A to comply with or perform any obligation to be complied
      with or performed by Party A under any Credit Support Document shall not be
      an
      Event of Default under Section 5(a)(i) or Section 5(a)(iii) unless (A) a Moody's
      Ratings Event has occurred and is continuing and at least 30 Local Business
      Days
      have elapsed since the last time such Moody's Ratings Event first occurred
      and
      (B) such failure is not remedied on or before the third Local Business Day
      after
      notice of such Ratings Event is received by Party A.

    

    (l)           The
      "Illegality" provisions of Section 5(b)(i) will apply to Party
      A and will apply to Party B.

    

    (l)           The
      "Tax Event" provisions of Section 5(b)(ii) will apply to Party
      A and will apply to Party B, provided that 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)"
      are hereby deleted.

    

    (m)           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.

    

    (n)           The
      "Credit Event Upon Merger" provisions of Section 5(b)(iv)
      will not apply to Party A and will not apply to Party B.

    

    (o)           The
      "Automatic Early Termination" provisions of Section 6(a) will
      not apply to Party A and will not apply to Party B;

    

    (p)           For
      the purpose of the "Payments on Early Termination" provisions
      of Section 6(e): Market Quotation and Second Method will apply; provided,
      however, that, notwithstanding anything to the contrary in this Agreement,
      if an
      Early Termination Date has been designated as a result of a Derivative Provider
      Trigger Event, the following provisions will apply:

    

    
      	
               

            	
              (i)

            	
              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 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 Eligible Replacement
      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."

    

    
      	
               

            	
              (ii)

            	
              The
                definition of "Settlement Amount" shall be deleted in its entirety
                and
                replaced with the following:

            

    

     

    ""Settlement
      Amount" means, with respect to any Early Termination Date, an amount
      (as determined by Party B) equal to the Termination Currency Equivalent of
      the
      amount (whether positive or negative) of any Market Quotation for the relevant
      Terminated Transaction or group of Terminated Transactions that is accepted
      by
      Party B so as to become legally binding,; provided that:

     

    (1)           If,
      on the Early Termination Date, 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 communicated to Party B and remain capable of becoming
      legally binding upon acceptance by Party B, 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); and

     

    (2)           If,
      on the Early Termination Date, 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 Quotations from Approved Replacements
      have
      been made and remain 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.

     

     

    
      	
               

            	
              (iii)

            	
              If
                Party B, at the written direction of the Depositor, 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.

            

    

     

    
      	
               

            	
              (iv)

            	
              Without
                prejudice to Party B's discretion as to the time of obtaining and
                accepting quotations, Party B shall consult with Party A as to the
                day and
                time of obtaining any quotations.

            

    

     

    
      	
               

            	
              (v)

            	
              At
                any time on or before the Early Termination Date 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 are expressed as negative numbers, the Market Quotation
                expressed as a negative number with the largest absolute
                value).

            

    

    

    
      	
               

            	
              (vi)

            	
              If
                the Settlement Amount is a negative number, Section 6(e)(i)(3) shall
                be
                deleted in its entirety and replaced with the
                following:

            

    

    

    "(3)
      Second Method and Market Quotation. If the Second Method and Market
      Quotation apply, (I) Party B shall pay to Party A an amount equal to the
      absolute value of the Settlement Amount in respect of the Terminated
      Transactions, (II) Party B shall pay to Party A the Termination Currency
      Equivalent of the Unpaid Amounts owing to Party A and (III) Party A shall pay
      to
      Party B the Termination Currency Equivalent of the Unpaid Amounts owing to
      Party
      B; provided, however, that (x) the amounts payable under the immediately
      preceding clauses (II) and (III) shall be subject to netting in accordance
      with
      Section 2(c) of this Agreement and (y) notwithstanding any other provision
      of
      this Agreement, any amount payable by Party A under the immediately preceding
      clause (III) shall not be netted-off against any amount payable by Party B
      under
      the immediately preceding clause (I)."

    

    (q)           "Termination
      Currency" means United States Dollars.

    

    (r)    "Additional
      Termination Events".
 The
      occurrence of any of the following events specified in Part 5(b) shall
      constitute an "Additional Termination
      Event" for purposes of
      Section 5(b)(v), in respect of which Party A shall be the sole Affected
      Party and all Transactions will be Affected Transactions, except as specified
      therein.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    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:

    

    None.

    

    (B)           Party
      B makes the following representation:

    

    None.

    

    
      	
               

            	
              (ii)

            	
              Payee
                Representations.   For the purpose of Section 3(f)
                of the Agreement, Party A and Party B make the representations specified
                below, if any:

            

    

    

    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.

            

    

    

    
      	
               

            	
              (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.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Part
      3

    

    Agreement
      to Deliver Documents

    

    For
      the
      purpose of Section 4(a) of this Agreement:

    

    I.  Tax
      forms, documents or
      certificates to be delivered are:

    

    
      	
              Party
                required to

              deliver
                document

            	
              Form/Document/

              Certificate

            	
              Date
                by which to

              be
                delivered

            
	 	 	 
	
              (i)
                Party A

            	
              A
                correct, complete and duly executed U.S. IRS Form W-9, IRS Form W-8BEN,
                IRS Form W-8ECI, IRS Form W-8EXP and/or IRS Form W-8IMY (or successor
                thereto), that eliminates U.S. federal withholding and backup withholding
                Tax on payments to Party A under this Agreement.

               

            	
              Promptly
                upon execution of this Agreement or thereafter upon previously delivered
                forms becoming obsolete;

            
	
              Party
                B

            	
              Tax
                forms relating to the beneficial owner of payments to Party B under
                this
                Agreement from time to time

            	
              On
                or before the First Distribution Date and thereafter upon previously
                delivered forms becoming obsolete or upon request of
                Party 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)

            
	 	 	 	 
	
              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, and to perform its obligations under the Agreement,
                this
                Confirmation, and any Credit Support Documents to which it is a
                party.

               

            	
              Upon
                the execution and delivery of this Agreement

            	
              Yes

            
	
              Party
                A and

              Party
                B

            	
              Incumbency
                and authority certificate authorizing the 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

            	
              An
                opinion of counsel to Party A reasonably acceptable to
                Party B

            	
              Upon
                the execution and delivery of this Agreement

            	
              No

            
	 	 	 	 

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Part
      4

    

    Miscellaneous

    

    (a)           Addresses
      for Notices.  For the purpose of Section 12(a) of this
      Agreement:

    

    Address
      for notices or communications to Party A:

     

    
      
        	
                Address:

              	 	
                250
                  West Street

              
	 	 	
                10th
                  Floor

              
	 	 	
                New
                  York, New York  10013

              
	 	 	 
	
                Attention:

              	 	
                Director
                  Derivatives Operations

              
	 	 	 
	
                Facsimile
                  No.:

              	 	
                212
                  723 2956

              
	 	 	 
	
                (For
                  all purposes)  

              
	 	 	 
	
                In
                  addition, in the case of notices or communications relating to
                  Section 5,
                  6, 11 or 13 of this Agreement, a second copy of any such notice
                  or
                  communication shall be addressed to the attention of Party A's
                  legal
                  department as follows:

              
	 	 	 
	
                Address:

              	 	
                Legal
                  Department

              
	 	 	
                77
                  Water Street

              
	 	 	
                9th
                  Floor

              
	 	 	
                New
                  York, New York 10004

              
	 	 	 
	
                Attention:

              	 	
                Department
                  Head

              
	 	 	 
	
                Facsimile
                  No.:

              	 	
                212
                  657 1452

              
	 	 	 
	
                Address
                  for notices or communications to Party B:

              
	 	 	 
	
                Address:

              	 	
                Wells
                  Fargo Bank, N.A.

              
	 	 	
                9062
                  Old Annapolis Road

              
	 	 	
                Columbia,
                  Maryland 21045

              
	 	 	 
	
                Attention:

              	 	
                Client
                  Manager – CMLTI 2007-AMC4

              
	 	 	 
	
                Facsimile
                  No:

              	 	
                (410)
                  715-2380

              
	 	 	 
	
                Telephone
                  No:

              	 	
                (410)
                  884-2000

              

      

       

    

    (b)           Effectiveness
      of Notice.  Section 12(a) is hereby amended by deleting the
      words "facsimile transmission or" in line 3 thereof.

    

    (c)           Process
      Agent.  For the purpose of Section 13(c) of this
      Agreement:

    

    Party
      A
      appoints as its Process Agent:  Not applicable.

    

    Party
      B
      appoints as its Process Agent:  [Please Provide]

    

    (d)           Offices.  The
      provisions of Section 10(a) will apply to this Agreement.

    

    (e)           Multibranch
      Party.  For the purpose of Section 10(c) of this
      Agreement:

    

    Party
      A
      not a Multibranch Party.

    

    Party
      B is not a Multibranch
      Party.

    

    (f)           Calculation
      Agent.  The Calculation Agent will be 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.

    

    (g)           Credit
      Support Document.

    

    With
      respect to Party A:  The 1994 ISDA Credit Support Annex to this
      Schedule, including Paragraph 13 thereof (the Credit Support
      Annex) and any guarantee that is provided to Party B pursuant to Part
      5(b) below.

    

    With
      respect to Party B:  The Credit Support Annex, solely in respect of
      Party B's obligations under Paragraph 3(b) of the Credit Support
      Annex.

     

    (h)           Credit
      Support Provider.  Means (i) in relation to Party A, if a
      guarantee is provided to Party B pursuant to Part 5 (b) below, the guarantor
      providing such guarantee and (ii) in relation to Party B, not
      applicable.

    

    (i)           Governing
      Law. This Agreement including any claim or controversy arising out of
      or relating to this Agreement will be governed by and construed in accordance
      with the laws of the State of New York without regard to the conflict of law
      provisions thereof other than the New York General Obligations Law Sections
      5-1401 and 5-1402.

    

    (j)           Jurisdiction.  Section
      13(b)(i) of the Agreement is hereby amended by (i) deleting in line 2 the word
      "non-" and (ii) deleting the final paragraph thereof.  The following
      shall be added at the end of Section 13(b):  "Nothing in this
      provision shall prohibit a party from bringing an action to enforce a money
      judgment in any other jurisdiction."

    

    (k)           "Affiliate"
      will have the meaning specified in Section 14 of this Agreement except, for
      purposes of Section 3(c) of this Agreement, Party A and Party B shall be
      considered to have no Affiliates.

    

    (l)           Netting
      of Payments.  The parties agree that subparagraph (ii) of
      Section 2(c) will apply to each Transaction hereunder.

    

    (m)           Single
      Agreement. Section 1(c) shall be amended by the addition of the words
      "The Credit Support Annex" after the words "Master Agreement".

    

    (n)           Local
      Business Day.  The definition of Local Business Day in
      Section 14 of this Agreement shall be 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".

    

    (o)           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.

    

    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 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.

    

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    Part
      5

    

    Other
      Provisions

    

    (a)           No
      Set-Off

    

    
      	
               

            	
              (i)

            	
              All
                payments under this Agreement shall be made without set-off or
                counterclaim, except as expressly provided for in Section 2(c), Section
                6
                or Part 1(p)(vi) or in Section 8 of the Credit Support
                Annex.

            

    

    

    
      	
               

            	
              (ii)

            	
              Section
                6(e) shall be amended by the deletion of 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."

            

    

    

    (b)           Additional
      Termination Events.  The following Additional Termination
      Events will apply:

    

    
      	
              (i)  

            	
              An
                S&P Approved Ratings Downgrade Event has occurred and is continuing
                and 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.

            

    

     

    
      	
              (ii)  

            	
              A
                Moody's First Trigger Ratings Event has occurred and is continuing,
                and
                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.

            

    

     

    
      	
              (iii)  

            	
              (1)
                An S&P Required Ratings Downgrade Event has occurred and is continuing
                and at least 10 Local Business Days have elapsed since such S&P
                Required Ratings Downgrade Event first occurred and 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 or (2) An S&P
                Required Ratings Downgrade Event has occurred and is continuing and
                at
                least 60 calendar days or more have elapsed since such S&P Required
                Ratings Downgrade Event first
                occurred.

            

    

     

    
      	
              (iv)  

            	
              A
                Moody's Second Trigger Ratings Event has occurred and is continuing
                and
                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
                and (i) at least one Eligible Replacement has made a Firm Offer that
                would, assuming the occurrence of an Early Termination Date, qualify
                as a
                Market Quotation and which remains capable of becoming legally binding
                upon acceptance and (ii) 30 Local Business Days or more have elapsed
                since
                such Moody's Second Trigger Rating Event first
                occurred.

            

    

     

    
      	
              (v)  

            	
              Swap
                Disclosure Event. Upon the occurrence of a Swap Disclosure Event (as
                defined in Part 5(q) below) Party A has not, within 10 Business Days
                after
                such Swap Disclosure Event, complied with any of the provisions set
                forth
                in clause (iii) of Party 5(q)
                below.

            

    

     

    
      	
              (vi)  

            	
              Amendment
                of Pooling and Servicing Agreement.  If, without the prior
                written consent of Party A to the extent such consent is required
                under
                the Pooling and Servicing Agreement (such consent not to be unreasonably
                withheld, conditioned or delayed), 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.
                (Any
                payments owed to Party A under Section 6(e) of this Agreement as
                a result
                of such Additional Termination Event shall be made without regard
                to the
                effect of any such amendment, modification or
                supplement).

            

    

     

    
      	
              (vii)  

            	
              Termination
                of the Trust.  The delivery of any irrevocable notice of any
                termination (or the actual termination) of the Trust pursuant to
                Article
                IX of the PSA, provided, however, that notwithstanding Section 6(b)(iv)
                of
                this Agreement, either party may designate an Early Termination Date,
                which shall be the final Distribution Date, in respect of this Additional
                Termination Event.

            

    

     

    (c)           Required
      Ratings Downgrade Event.  So long as either a Moody's Second
      Trigger Rating Event or an S&P Required Ratings Downgrade Event has occurred
      and is continuing, then Party A shall, at its own expense, use commercially
      reasonable efforts to, as soon as reasonably practicable, either (A) effect
      a
      Permitted Transfer or (B) procure an Eligible Guarantee from an Eligible
      Guarantor.

    

    (d)           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 into 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.

    

    (e)           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 Rating Agency has been
      given
      prior written notice of such designation or transfer.  

    

    (f)           Agent
      for Party B.  Party A acknowledges that the Depositor has
      appointed the Supplemental Interest Trust Trustee as agent under the Pooling
      and
      Servicing Agreement to carry out certain functions on behalf of Party B, and
      that the Supplemental Interest Trust Trustee shall be entitled to give notices
      and to perform and satisfy the obligations of Party B hereunder on behalf of
      Party B.

    

    (g)           Conduct
      of Party B in connection with Replacement Transactions and Permitted
      Transfers. In determining whether or not a Firm Offer satisfies clause
      (b)(ii) of the definition of Replacement Transaction, Party B shall act in
      a
      commercially reasonable manner.

    

    (h)           Limited
      Recourse.  Notwithstanding any other provision of this
      Agreement to the contrary, Party A hereby acknowledges and agrees that all
      of
      Party B's obligations hereunder or in connection herewith will be solely the
      limited recourse obligations of Party B, payable solely from the Supplemental
      Interest Trust and the proceeds thereof, in accordance with the priority of
      payments and other terms of the Pooling and Servicing Agreement and Party A
      will
      not have any recourse to any of the directors, officers, incorporators,
      shareholders, partners, agents or Affiliates of Party B or any of their
      successors or assigns with respect to any claims, losses, damages, liabilities,
      indemnities or other obligations in connection with any transactions
      contemplated hereby. The provisions of this paragraph will survive the
      designation of any Early Termination Date and any termination of this
      Agreement.

    

    (i)           Non-petition.  Party
      A agrees not to institute against or join any person in instituting against
      Party B any bankruptcy, reorganization, arrangement, insolvency, moratorium
      or
      liquidation proceeding or other similar proceeding against Party B for any
      reason whatsoever, until the payment in full of all Certificates issued under
      the Pooling and Servicing Agreement and the expiration of a period equal to
      one
      year and one day (or, if longer, the then applicable preference period)
      following all such payments; provided that nothing in this clause shall
      preclude, or be deemed to estop, Party A (i) from taking any action prior to
      the
      expiration of the aforementioned one year and one day period (or, if longer,
      the
      then applicable preference period) in (x) any case or proceeding voluntarily
      filed or commenced by Party B or (y) any involuntary insolvency proceeding
      filed
      or commenced against Party B by a person other than Party A or its Affiliates,
      or (ii) from commencing against Party B or any properties of Party B any legal
      action which is not a bankruptcy, reorganization, arrangement, insolvency,
      moratorium or liquidation proceeding.  The provisions of this
      paragraph will survive the designation of any Early Termination Date and any
      termination of this Agreement. 

    

    (j)           Transfers.  Section
      7 of this Agreement shall be deleted in its entirety.

    

    
      	
               

            	
              (i)

            	
              Neither
                this Agreement nor any interest or obligation in or under this Agreement
                may be transferred (whether by way of security or otherwise) by either
                party unless (a) the prior written consent of the other party is
                obtained
                and (b) the Rating Agency Condition has been satisfied with respect
                to
                each Relevant Rating Agency other than Moody's, except that Party
                A may
                (at its own cost):

            

    

    

    
      	
               

            	
              (A)

            	
              transfer
                all or any part of its interest in any amount payable to it if Party
                B is
                a Defaulting Party under Section 6(e);
                or

            

    

    
      	
               

            	
              (B)

            	
              effect
                a Permitted Transfer of all or substantially all its rights and
                obligations with respect to this Agreement to any other entity (a
                "Transferee"):

            

    

     

    
      	 	
              (I)

            	
              at
                any time at which a Moody’s First Trigger Ratings Event, S&P Approved
                Ratings Downgrade Event or S&P Required Ratings Downgrade Event has
                occurred and is continuing,

            

      	
               

            	
              (II)

            	
              pursuant
                to Section 6(b)(ii),

            

    

    
      	
               

            	
              (III)

            	
              pursuant
                to a consolidation or amalgamation with, or merger with or into,
                or
                transfer of all or substantially all its assets to, another entity,
                or

            

    

    
      	
               

            	
              (IV)

            	
              to
                another of its offices or branches at any
                time.

            

    

    

    Following
      such transfer, all references to Party A shall be deemed to be references to
      the
      Transferee.

    

    
      	
               

            	
              (ii)

            	
              If
                an entity has made a Firm Offer to be the transferee of a transfer
                to be
                made in accordance with clause (B) above, Party B shall (at Party
                A's
                cost) at Party A's written request, take any reasonable steps required
                to
                be taken by it to effect such
                transfer.

            

    

    

    (k)           Waiver
      of Right to Trial by Jury.  Each party hereby irrevocably
      waives, to the fullest extent permitted by applicable law, any right it may
      have
      to a trial by jury in respect of any suit, action or proceeding relating to
      this
      Agreement.

    

    (l)           Severability.  In
      the event that any one or more of the provisions contained in this Agreement
      should be held invalid, illegal, or unenforceable in any jurisdiction, the
      validity, legality and enforceability of the remaining provisions contained
      herein shall not in any way be affected or impaired thereby. The parties shall
      endeavor, in good faith negotiations, to replace the invalid, illegal or
      unenforceable provisions with valid provisions, the economic effect of which
      comes as close as possible to that of the invalid, illegal or unenforceable
      provisions.

    

    (m)           Additional
      Representations.  For purposes of Section 3 of this
      Agreement, the following shall be added, immediately following paragraph (f)
      thereof:

    

    
      	
               

            	
              "(g)

            	
              No
                Reliance.  It has made its own independent
                decisions to enter into that Transaction and as to whether that
                Transaction is appropriate or proper for it based upon its own judgment
                and upon advice from such advisors as it has deemed
                necessary.  It is not relying on any communication (written or
                oral) of the other party as investment advice or as a recommendation
                to
                enter into that Transaction; it being understood that information
                and
                explanations related to the terms and conditions of a Transaction
                shall
                not be considered investment advice or a recommendation to enter
                into that
                Transaction.  It has not received from the other party any
                assurance or guarantee as to the expected results of that
                Transaction.

            

    

    

    
      	
               

            	
              (h)

            	
              Evaluation
                and Understanding.  It is capable of
                evaluating and understanding (on its own behalf or through independent
                professional advice), and understands and accepts, the terms, conditions
                and risks of that Transaction.  It is also capable of assuming,
                and assumes, the financial and other risks of that
                Transaction.

            

    

    

    
      	
               

            	
              (i)

            	
              Status
                of Parties.  The other party is not
                acting as a fiduciary or an advisor for it in respect of that
                Transaction.

            

    

    

    
      	
               

            	
              (j)

            	
              Risk
                Management.  Each of Party A and Party B
                represents that this Agreement has been, and each Transaction hereunder
                has been or will be, as the case may be, entered into for the purpose
                of
                managing its borrowings or investments, hedging its underlying assets
                or
                liabilities or in connection with its line of business (including
                financial intermediation services) and not for the purpose of
                speculation.

            

    

    

    
      	
               

            	
              (k)

            	
              Eligible
                Contract Participant.  Each of Party A and Party B
                (a)  represents that it is an "eligible contract participant"
                within the meaning of Section 1(a)(12) of the Commodity Exchange
                Act, as
                amended (the "CEA"), (b) this Agreement and each Transaction is subject
                to
                individual negotiation by each party, and (c) neither this Agreement
                nor
                any Transaction will be executed or traded on a "trading facility"
                within
                the meaning of Section 1a(33) of the
                CEA.

            

    

    

    
      	
               

            	
              (l)

            	
              Financial
                Institution.  Party A represents that it is a
                "financial institution" as defined in the Federal Deposit Insurance
                Corporation Improvement Act of 1991 or Regulation EE promulgated
                by the
                Federal Reserve Board thereunder.

            

    

    

    
      	
               

            	
              (m)

            	
              FDIC
                Representation.  Party A represents to Party B on the
                date on which Party A enters into each Transaction that Party A is
                a
                depository institution subject to the requirements of the Federal
                Deposit
                Insurance Act.  This Agreement (including the Credit Support
                Annex and each Confirmation) has been authorized by all necessary
                corporate action of Party A, the person executing this Agreement
                on behalf
                of Party A is an officer of Party A of the level of vice president
                or
                higher, and this Agreement (including the Credit Support Annex and
                each
                Confirmation) will be maintained by Party A in its official books
                and
                records.

            

    

    

    
      	
               

            	
              (n)

            	
              Capacity.  Party
                A represents to Party B on the date on which Party A enters into
                each
                Transaction that it is entering into the Agreement and the Transaction
                as
                principal and not as agent of any person.  The Supplemental
                Interest Trust Trustee represents to Party A on the date on which
                the
                Supplemental Interest Trust Trustee executes this Agreement that
                it is
                executing the Agreement in its capacity as the Supplemental Interest
                Trust
                Trustee.

            

    

    

    (n)           Recording
      of Conversations.  Each party hereto consents to the
      recording of its telephone conversations pursuant to this Agreement. To the
      extent that one party records telephone conversations (the "Recording Party")
      and the other party does not (the "Non-Recording Party"), the Recording Party
      shall, in the event of any dispute, make a complete and unedited copy of such
      party's tape of the entire day's conversations with the Non-Recording Party's
      personnel available to the Non-Recording Party. The Recording Party's tapes
      may
      be used by either party in any forum in which a dispute is sought to be resolved
      and the Recording Party will retain tapes for a consistent period of time in
      accordance with the Recording Party's policy unless one party notifies the
      other
      that a particular transaction is under review and warrants further
      retention.

    

    (o)           Limitation
      of Liability.  No party shall be required to pay or be liable
      to the other party for any consequential, indirect or punitive damages,
      opportunity costs or lost profits. It is expressly understood and agreed by
      the
      parties hereto that insofar as this Agreement is executed by Wells Fargo Bank,
      National Association ("Wells Fargo") not in its individual
      capacity, but solely as Supplemental Interest Trust Trustee on behalf of the
      Supplemental Interest Trust created under the Pooling and Servicing Agreement
      in
      the exercise of the powers and authority conferred and invested in it
      thereunder, (i) Wells Fargo has been directed pursuant to the Pooling and
      Servicing Agreement to enter into this Agreement and to perform its obligations
      hereunder; (ii) each of the representations, undertakings and agreements herein
      made on behalf of Party B is made and intended not as personal representations
      of Wells Fargo but is made and intended for the purpose of binding only the
      Supplemental Interest Trust; and (iii) nothing herein shall be construed as
      imposing any liability on Wells Fargo, individually or personally, to perform
      any covenant either express or implied contained herein, all such liability,
      being expressly waived by the parties hereto and by any person claiming by,
      through or under the parties hereto and under no circumstances shall Wells
      Fargo
      in its individual capacity be personally liable for any payment of any
      indebtedness or expenses or be personally liable for the breach or failure
      of
      any obligation, representation, warranty or covenant made or undertaken under
      this Agreement, except as a result of any fraud, willful misconduct or gross
      negligence on its part.

    

    (p)  Transfer
      to Avoid Termination Event.  Section 6(b)(ii) is hereby
      amended (i) by deleting the words "or if a Tax Event Upon Merger occurs and
      the
      Burdened Party is the Affected Party," and the words ", which consent will
      not
      be withheld if such other party's policies in effect at such time would permit
      it to enter into transactions with the transferee on the terms proposed" and
      (ii) by deleting the words "to transfer" and inserting the words "to effect
      a
      Permitted Transfer" in lieu thereof.

    

    (q)           Compliance
      with Regulation AB.

    

    
      	
               

            	
              (i)

            	
              Party
                A agrees and acknowledges that Citigroup Mortgage Loan Trust Inc.
                (the
                "Depositor") may be required under Regulation
                AB, as defined in the Pooling and Servicing Agreement, to disclose
                certain
                financial information regarding Party A or its group of affiliated
                entities, if applicable, depending on the aggregate "significance
                percentage" of this Agreement and any other derivative contracts
                between
                Party A or its group of affiliated entities, if applicable, and Party
                B,
                as calculated from time to time in accordance with Item 1115 of Regulation
                AB.

            

    

    

    
      	
               

            	
              (ii)

            	
              It
                shall be a swap disclosure event ("Swap Disclosure
                Event") if, on any Business Day after the date hereof for
                so
                long as the Issuing Entity is required to file periodic reports under
                the
                Exchange Act with respect to the Certificates, Party B or the Depositor
                requests from Party A the applicable financial information described
                in
                Item 1115(b) of Regulation AB (such request to be based on a reasonable
                determination by the Depositor, based on "significance estimates"
                made in
                substantially the same manner as that used in the Sponsor's internal
                risk
                management process in respect of similar instruments and furnished
                by the
                Sponsor to the Depositor, or if the Sponsor does not furnish such
                significance estimates to the Depositor, based on a determination
                of such
                significance estimates by the Depositor in a commercially reasonable
                manner) (the "Swap Financial
                Disclosure").

            

    

    

    
      	
               

            	
              (iii)

            	
              Upon
                the occurrence of a Swap Disclosure Event, Party A, at its own expense,
                shall either (1)(a) either (i) provide to the Depositor the current
                Swap
                Financial Disclosure in an EDGAR-compatible format (for example,
                such
                information may be provided in Microsoft Word® or Microsoft Excel® format
                but not in .pdf format) or (ii) provide written consent to the Depositor
                to incorporation by reference of such current Swap Financial Disclosure
                that are filed with the Securities and Exchange Commission in the
                Exchange
                Act Reports of the Depositor, (b) if applicable, cause its outside
                accounting firm to provide its consent to filing or incorporation
                by
                reference in the Exchange Act Reports of the Depositor of such accounting
                firm's report relating to their audits of such current Swap Financial
                Disclosure, and (c) provide to the Depositor any updated Swap Financial
                Disclosure with respect to Party A or any entity that consolidates
                Party A
                within five days of the release of any such updated Swap Financial
                Disclosure; (2) secure another entity through a Permitted Transfer
                to
                replace Party A as party to this Agreement on terms substantially
                similar
                to this Agreement, which entity (or a guarantor thereto) meets or
                exceeds
                the Approved Rating Thresholds and which entity complies with the
                requirements of Item 1115 of Regulation AB and clause (1) above,
                or (3)
                obtain a guaranty of Party A's obligations under this Agreement from
                an
                affiliate of Party A that complies with the financial information
                disclosure requirements of Item 1115 of Regulation AB, and cause
                such
                affiliate to provide Swap Financial Disclosure and any future Swap
                Financial Disclosure and other information pursuant to clause (1),
                such
                that disclosure provided in respect of such affiliate will satisfy
                any
                disclosure requirements applicable to the Swap
                Provider.

            

    

    

    
      	
               

            	
              (iv)

            	
              Party
                A agrees that, in the event that Party A provides Swap Financial
                Disclosure to the Depositor in accordance with clause (iii)(1) above
                or
                causes its affiliate to provide Swap Financial Disclosure to the
                Depositor
                in accordance with clause (iii)(3) above, it will indemnify and hold
                harmless the Depositor, its respective directors or officers and
                any
                person controlling the Depositor, from and against any and all losses,
                claims, damages and liabilities caused by any untrue statement or
                alleged
                untrue statement of a material fact contained in such Swap Financial
                Disclosure or caused by any omission or alleged omission to state
                in such
                Swap Financial Disclosure a material fact required to be stated therein
                or
                necessary to make the statements therein, in light of the circumstances
                under which they were made, not
                misleading.

            

    

    

    (r)           Amendments.
      In addition to the requirements of Section 9, this Agreement will not be amended
      unless Party B shall have obtained satisfaction of the Rating Agency Condition
      with respect to S&P.

    

    (s)           Additional
      Definitions.

    

    As
      used
      in this Agreement, the following terms shall have the meanings set forth below,
      unless the context clearly requires otherwise:

    

    "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 other than a
      Termination Event occurring under Section 5(b)(i) or Section 5(b)(ii), 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 of Party A under this Agreement
      (or, solely for purposes of the definition of Eligible Replacement, all present
      and future obligations of such Eligible Replacement under this Agreement or
      its
      replacement, as applicable) which 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 each Rating Agency other than Moody's, 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 or (C) in the event that any
      payment under such guarantee is made net of deduction or withholding for Tax,
      Party A is required, under Section 2(a)(i), to make such additional payment
      as
      is necessary to ensure that the net amount actually received by Party B from
      the
      guarantor will equal the full amount Party B would have received had no such
      deduction or withholding been required.

    

    "Eligible
      Guarantor" means an entity that (A) has credit ratings at
      least equal to the Replacement Ratings Threshold.

    

    "Eligible
      Replacement" means an entity (A) that lawfully could
      perform the obligations owing to Party B under this Agreement (or its
      replacement, as applicable) and (B) that has credit ratings at least equal
      to
      the Replacement Ratings Threshold or the present and future obligations (for
      the
      avoidance of doubt, not limited to payment obligations) of such entity to Party
      B under this Agreement are guaranteed pursuant to an Eligible Guarantee provided
      by an Eligible Guarantor.

    

    "Firm
      Offer" means an offer that will become legally binding
      upon acceptance.

    

    "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 Rating 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 both a long-term unsecured and unsubordinated debt rating
      or counterparty rating from Moody's and 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 has only a long-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 both a long-term unsecured and unsubordinated debt rating
      or counterparty rating from Moody's and 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 "P-2",
      or
      (ii) if such entity has only a long-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
      "A3.

    

    "Permitted
      Transfer" means a transfer by novation by Party A 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 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, 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 Rating Agency specified
      in
      connection with such proposed act or omission, that the party proposing such
      act
      or failure to act must consult with each of the specified Swap Rating Agencies
      and receive from each such 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
      Ratings Threshold" means each of the S&P Required
      Ratings Threshold and the Moody's Second Trigger Ratings Threshold.

    

    "Replacement
      Transaction" means, with respect to any Terminated
      Transaction or group of Terminated Transactions, a transaction or group of
      transactions that (a) has terms which would be effective to transfer to a
      transferee all, but not less than all, of Party A's rights, liabilities, duties
      and obligations under this Agreement and all relevant Transactions, which terms
      are identical to the terms of this Agreement, 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(c), notice information and account details, save for the
      exclusion of provisions relating to Transactions that are not Terminated
      Transactions, or (b) (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) under this Agreement 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, in all material respects, no less
      beneficial for Party B than those of this Agreement (save for the exclusion
      of
      provisions relating to Transactions that are not Terminated Transactions),
      as
      determined by Party B, acting in a commercially reasonable manner.

    

    "Required
      Ratings Downgrade Event" means either a Moody's Second
      Trigger Ratings Event or an S&P Required Ratings Downgrade Event has
      occurred.

    

    "Required
      Ratings Threshold" means each of the S&P Required
      Ratings Threshold and the Moody's Second Trigger Ratings Threshold.

    

    "S&P"
      means Standard & Poor's Rating Services, a division of The McGraw-Hill
      Companies, Inc., or any successor thereto.

    

    "S&P
      Approved Ratings Downgrade Event" means, with respect to
      any Relevant Entities that are Financial Institutions, no such Relevant Entity
      meets the S&P Approved Ratings Threshold.

    

    "S&P
      Approved Ratings Threshold" means, with respect to a
      Relevant Entity, 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 from S&P of "A+".

    

    "S&P
      Required Ratings Downgrade Event" means no Relevant
      Entity meets the S&P Required Ratings Threshold.

    

    "S&P
      Required Ratings Threshold" means, (a) with respect to a
      Relevant Entity that is a Financial Institution,  a short-term
      unsecured and unsubordinated debt rating from S&P of at least "A-2" or, if
      the entity does not have a short-term unsecured rating from S&P, a long-term
      unsecured and unsubordinated debt rating from S&P of at
      least  "BBB+", (b) with respect to a Relevant Entity that is not a
      Financial Institution,  a short-term unsecured and unsubordinated debt
      rating from S&P of at least "A-1" or, if the entity does not have a
      short-term unsecured rating from S&P, a long-term unsecured and
      unsubordinated debt rating from S&P of at
      least  "A+".

    

    "Rating
      Agencies" means, with respect to any date of determination, each
      of S&P or Moody's, to the extent that each such rating agency is then
      providing a rating for any of the Citigroup Mortgage Loan Trust 2007-AMC4,
      Asset-Backed Pass-Through Certificates, Series 2007-AMC4 (the
      "Certificates") or any notes backed by any of the Certificates
      (the "Notes").

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF the parties have executed this document on the respective dates
      specified below with effect from the date specified on the first page of this
      document.

    

    

    
      	CITIBANK,
              N.A.	 	Wells
              Fargo Bank, N.A., not individually, but solely as Supplemental Interest
              Trust Trustee on behalf of the Supplemental Interest Trust with respect
              to
              the Citigroup Mortgage Loan Trust 2007-AMC4, Asset-Backed Pass-Through
              Certificates, Series 2007-AMC4
	 	 	 	 	 
	By: 	 	 	By: 	
                

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    Paragraph
      13. Elections and Variables

    

    (a)           Security
      Interest for "Obligations".  The term
      "Obligations" shall have the meaning set forth in Paragraph 12.

    

    (b)           Credit
      Support Obligations.

    

    (i)    
      Delivery
      Amount, Return Amount and Credit Support Amount; Addition to Paragraph
      3.

    

    
      	
               

            	
              (A)

            	
              "Delivery
                Amount" has the meaning specified in Paragraph 3(a), except
                that:

            

    

     

    
      	 	
              (I)

            	
              the
                words "upon a demand made by the Secured Party on or promptly following
                a
                Valuation Date" shall be deleted and replaced with the words "not
                later
                than the close of business on each Valuation
                Date";

            

      	 	 	 

      	
               

            	
              (II)

            	
              the
                sentence beginning "Unless otherwise specified in Paragraph 13" and
                ending
                "(ii) the Value as of that Valuation Date of all Posted Credit Support
                held by the Secured Party." shall be deleted in its entirety and
                replaced
                with the following:

            

    

    

    "The
      "Delivery Amount" applicable to the Pledgor for any Valuation Date will equal
      the greatest of:

    

    
      	
               

            	
              (1)

            	
              the
                amount by which (a) the Moody's Credit Support Amount for such Valuation
                Date exceeds (b) the Moody's Value, as of such Valuation Date, of
                all
                Posted Credit Support held by the Secured Party;
                and

            

    

    

    
      	
               

            	
              (2)

            	
              the
                amount by which (a) the S&P Credit Support Amount for such Valuation
                Date exceeds (b) the S&P Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured Party";
                and

            

    

    

    
      	
               

            	
              (III)

            	
              if,
                on any Valuation Date, the Delivery Amount equals or exceeds the
                Pledgor's
                Minimum Transfer Amount, the Pledgor will Transfer to the Secured
                Party
                sufficient Eligible Credit Support to ensure that, immediately following
                such transfer, the Delivery Amount shall be
                zero.

            

    

    

    (B)   "Return
      Amount" has the meaning specified in Paragraph 3(b), except that:

    

    
      	
                           
                (I)  

            	
              the
                sentence beginning "Unless otherwise specified in Paragraph 13" and
                ending
                "(ii) the Credit Support Amount." shall be deleted in its entirety
                and
                replaced with the following:

            

    

    

    "The
      "Return Amount" applicable to the Secured Party for any Valuation Date will
      equal the least of:

    

    
      	
               

            	
              (1)

            	
              the
                amount by which (a) the Moody's Value, as of such Valuation Date,
                of all
                Posted Credit Support held by the Secured Party exceeds (b) the Moody's
                Credit Support Amount for such Valuation Date;
                and

            

    

    

    
      	
               

            	
              (2)

            	
              the
                amount by which (a) the S&P Value, as of such Valuation Date, of all
                Posted Credit Support held by the Secured Party exceeds (b) the S&P
                Credit Support Amount for such Valuation Date";
                and

            

    

    

    
      	
               

            	
              (II)

            	
              in
                no event shall the Secured Party be required to Transfer any Posted
                Credit
                Support under Paragraph 3(b) if, immediately following such transfer,
                the
                Delivery Amount would be greater than
                zero.

            

    

    

    
      	
               

            	
              (C)

            	
              Paragraph
                4(b) is hereby amended by the insertion of the words "(i) in respect
                of a
                Transfer pursuant to Paragraph 3(b)," immediately prior to the words
                "if a
                demand for" and the insertion of the words "; and (ii) in respect
                of a
                Transfer pursuant to Paragraph 3(a), the relevant Transfer will be
                made
                not later than the close of business on the Local Business Day following
                the Valuation Date" immediately prior to the
                period.

            

    

    

    
      	
               

            	
              (D)

            	
              The
                term "Credit Support Amount" shall not
                apply.

            

      	 	 	 

      	 	
              (E)

            	
              Moody's
                Credit Support Amount means, for any Valuation
                Date:

            

    

     

    
      	
              (i)  

            	
              if
                the Moody's Threshold for such Valuation Date is zero and either
                (a) a
                Moody's Second Trigger Ratings Event is not continuing or (b) a Moody's
                Second Trigger Ratings Event is continuing but less than 30 Local
                Business
                Days have elapsed since such Moody's Second Trigger Ratings Event
                first
                occurred, an amount in USD equal to the greater of (1) the sum of
                (a) the
                Secured Party's Exposure and (b) the aggregate of First Trigger Collateral
                Amounts (as defined below) for all Transactions hereunder and (2)
                zero;

            

      	 	 

      	
              (ii)  

            	
              so
                long as a Moody's Second Trigger Ratings Event has occurred and is
                continuing and 30 or more Local Business Days have elapsed since
                such
                Moody's Second Trigger Ratings Event first occurred, an amount in
                USD
                equal to the greatest of (1) the sum of (a) the Secured Party's Exposure
                and (b) the aggregate of Second Trigger Collateral Amounts (as defined
                below) for all Transactions hereunder, (2) an aggregate amount equal
                to
                the sum of the Floating Amount payable by Party A pursuant to each
                Transaction hereunder in respect of the first Floating Rate Payer
                Payment
                Date scheduled to occur on or after such Valuation Date and (3) zero;
                or

            

    

    

    
      	
              (iii)  

            	
              if
                the Moody's Threshold for such Valuation Date is infinity,
                zero.

            

    

    

    (F)           S&P
      Credit Support Amount means, for any Valuation Date:

    

    
      	
               

            	
              (i)

            	
              if
                the S&P Threshold for such Valuation Date is zero and either (i) an
                S&P Required Ratings Downgrade Event is not continuing or (ii) an
                S&P Required Ratings Downgrade Event is continuing but such S&P
                Required Ratings Downgrade Event was not continuing when this Annex
                was
                executed and less than 10 Local Business Days have elapsed since
                such
                S&P Required Ratings Downgrade Event first occurred, an amount equal
                to the Secured Party's Exposure;

            

    

    

    
      	
               

            	
              (ii)

            	
              if
                the S&P Threshold for such Valuation Date is zero and
                either  (i) an S&P Required Ratings Downgrade Event has
                occurred and is continuing and (ii) either such S&P Required Ratings
                Downgrade Event was continuing when this Annex was executed or 10
                or more
                Local Business Days have elapsed since such S&P Required Ratings
                Downgrade Event first occurred, an amount equal to 125% of the Secured
                Party's Exposure; or

            

    

    

    
      	
               

            	
              (iii)

            	
              if
                the S&P Threshold is infinity,
                zero.

            

    

    

    
      	
               

            	
              (G)

            	
              Reserved.

            

    

    

    (H)           Certain
      definitions:

    

    First
      Trigger Collateral Amount means, in respect of each Transaction
      hereunder on any date, an amount in USD equal to the Notional Amount of such
      Transaction on such date multiplied by the Applicable Percentage set forth
      in
      the table in Exhibit A hereto.

    

    Moody's
      Value means, on any date and with respect to any Eligible Collateral,
      the bid price obtained by the Valuation Agent, the multiplied by the applicable
      Moody's Valuation Percentage.

    

    S&P
      Value  means, on any date and with respect to any Eligible
      Collateral other than cash, the bid price obtained by the Valuation Agent,
      or in
      the case of Cash the amount thereof, multiplied by the applicable S&P
      Valuation Percentage.

    

    Second
      Trigger Collateral Amount means, in respect of each Transaction
      hereunder on any date, an amount in USD equal to the Notional Amount of such
      Transaction on such date multiplied by the Applicable Percentage set forth
      in
      the applicable table in Exhibit B hereto.

    

    
      	
               

            	
              (ii)

            	
              Eligible
                Collateral.  On any date, the following items will
                qualify as "Eligible
                Collateral" for  Party A (all Eligible
                Collateral to be denominated in
                USD):

            

    

    

    (A)           Valuation
      Percentage S&P

    

    
      	 	
              S&P
                Approved Ratings Downgrade Event

            	
              S&P
                Required Ratings Downgrade Event

            
	
              (i)           
                Cash

            	
              100%

            	
              80%

            
	 	 	 
	
              (ii)    Coupon-bearing
                negotiable debt obligations issued after 18 July 1984 by the U.S.
                Treasury
                Department having a residual maturity on such date of less than 5
                years

            	
              98%

            	
              78.4%

            
	 	 	 
	
              (iii)    Coupon-bearing
                negotiable debt obligations issued after 18 July 1984 by the U.S.
                Treasury
                Department having a residual maturity on such date equal to or greater
                than 5 years but less than or equal to 10 years

            	
              92.6%

            	
              74.1%

            

    

    

    S&P
      Valuation Percentage means, with respect to a Valuation Date and each
      instrument in the above table (i) so long as the S&P Threshold for such
      Valuation Date is zero and either (A) an S&P Required Ratings Downgrade
      Event is not continuing or (B) an S&P Required Ratings Downgrade Event is
      continuing but less than 10 Local Business Days have elapsed since such S&P
      Required Ratings Downgrade Event first occurred, the corresponding percentage
      for such instrument in the column headed "S&P Approved Ratings Downgrade
      Event" or (ii) so long as the S&P Threshold for such Valuation Date is zero
      (A) an S&P Required Ratings Downgrade Event has occurred and is continuing
      and (B) at least 10 Local Business Days have elapsed since such S&P Required
      Ratings Downgrade Event first occurred, the corresponding percentage in the
      column headed "S&P Required Ratings Downgrade Event."

    

    (B)           Valuation
      Percentage Moody's

    

    
      	
              INTRUMENT

            	
              Moody's
                First Trigger Ratings Event

            	
              Moody's
                Second Trigger Ratings Event

            
	
              U.S.
                Dollar Cash

            	
              100%

            	
              100%

            
	
              Fixed-Rate
                Negotiable treasury Debt Issued by the U.S. Treasury Department with
                Remaining Maturity

            
	
              <1
                Year

            	
              100%

            	
              100%

            
	
              1
                to 2 years

            	
              100%

            	
              99%

            
	
              2
                to 3 years

            	
              100%

            	
              98%

            
	
              3
                to 5 years

            	
              100%

            	
              97%

            
	
              5
                to 7 years

            	
              100%

            	
              96%

            
	
              7
                to 10 years

            	
              100%

            	
              94%

            
	
              Floating-Rate
                Negotiable treasury Debt Issued by the U.S. Treasury
                Department

            
	
              All
                Maturities

            	
              100%

            	
              99%

            

    

    

    Moody's
      Valuation Percentage means, with respect to a Valuation Date and each
      instrument in the above table (i) so long as the Moody's Threshold for such
      Valuation Date is zero and either (A) a Moody's Second Trigger Ratings Event
      is
      not continuing or (B) a Moody's Second Trigger Ratings Event is continuing
      but
      less than 30 Local Business Days have elapsed since such Moody's Second Trigger
      Ratings Event first occurred, the corresponding percentage for such instrument
      in the column headed "Moody's First Trigger Ratings Event" or (ii) so long
      as
      (A) a Moody's Second Trigger Ratings Event has occurred and is continuing and
      (B) at least 30 Local Business Days have elapsed since such Moody's Second
      Trigger Ratings Event first occurred, the corresponding percentage in the column
      headed "Moody's Second Trigger Ratings Event."

    

    (iii)           Other
      Eligible Support.  There shall be no "Other Eligible Support"
      for either party for purposes of this Annex.

    

    (iv)           Thresholds.

     

    
      	
               

            	
              (A)
                "Moody's Threshold"  means,
                with respect to Party A and any Valuation Date, if a Moody's First
                Trigger
                Ratings Event has occurred and is continuing and such Moody’s First
                Trigger Ratings Event has been continuing for at least 30 Local Business
                Days or since this Annex was executed, zero; otherwise,
                infinity.

            

    

     

    
      	
               

            	
              "S&P
                Threshold" means, with respect to Party A and any Valuation Date,
                if (i) an S&P Approved Ratings Downgrade Event has occurred and is
                continuing and such S&P Approved Ratings Downgrade Event has been
                continuing for at least 10 Local Business Days or since this Annex
                was
                executed, or (ii) if an S&P Required Ratings Downgrade Event has
                occurred and is continuing and such S&P Required Ratings Downgrade
                Event has been continuing for at least 10 Local Business Days or
                since
                this Annex was executed, zero; otherwise,
                infinity.

            

    

     

    (B)
      "Minimum Transfer Amount" means USD 100,000 with respect to
      Party A and Party B;  provided, however, that if the aggregate
      Certificate Principal Balance and Note Principal Balance of Certificates and
      Notes rated by S&P ceases to be more than USD 50,000,000, the
"Minimum Transfer Amount" shall be
      USD 50,0000.

    

    (C)
      Rounding.  The Delivery Amount will be rounded up to
      the nearest integral multiple of USD 10,000.  The Return Amount will
      be rounded down to the nearest integral multiple of USD 10,000.

    

    (c)           Valuation
      and Timing.

    

    (i) "Valuation
      Agent" means Party A.  Calculations by Party A will be made
      by reference tocommonly accepted market sources.

    

    (ii)
      "Valuation Date" means the last Local Business Day of each
      calendar week.

    

    (iii) "Valuation
      Time" means, with respect to the determination of Exposure, Value of
      Eligible Credit Support and Posted Credit Support, the close of business on
      the
      Local Business Day immediately before the Valuation Date or date of calculation,
      as applicable; provided that the calculations of Value and Exposure
      will be made as of approximately the same time on the same date.

    

    (iv)
      "Notification
      Time" means 10:00 a.m., New York time on a Valuation Date; provided,
      however, that, notwithstanding Paragraph 4(b), with regard to Transfers of
      Eligible Credit Support or Posted Credit Support in the form of Cash, if a
      request for Transfer is made by the Notification Time, then the relevant
      Transfer shall be made not later than the close of business on the day on which
      such request is received, or, if such day is not a Local Business Day or, if
      such request is received after the Notification Time, not later than the close
      of business on the next Local Business Day.  Notwithstanding anything
      herein to the contrary, with regard to Transfers of Independent Amounts, the
      relevant Transfer shall be made by the close of business on the second Local
      Business Day following the Trade Date of the applicable
      Transaction.

    

    (d)           Conditions
      Precedent and Secured Party's Rights and
      Remedies.  There shall be no "Specified Condition" with
      respect to Party A or Party B.

    

    (e)           Substitution.

    

    (i) "Substitution
      Date" has the meaning specified in Paragraph 4(d)(ii).

    

    (f)           Dispute
      Resolution.

    

    (i)
      "Resolution Time"
      means 1:00 p.m., New York time, on the Local Business Day following the date
      on
      which notice is given that gives rise to a dispute under Paragraph
      5.

    

    (ii)
      Value.  For the purpose of Paragraphs 5(i)(C) and
      5(ii), Party A will determine the Value of Eligible Credit Support or Posted
      Credit Support consisting of securities based upon the bid price quotations
      of
      any generally recognized dealer (which may include an affiliate of Party A),
      and
      adding thereto any interest accrued but not paid to any person with respect to
      such securities through the day on which the determination is made and
      multiplying the sum by the applicable Valuation Percentage, if any.

    

    (iii)
      Alternative.  The provisions of Paragraph 5 will
      apply, provided, however, that in the event of a dispute regarding the Value
      of
      securities which constitute  Eligible Credit Support or Posted Credit
      Support, Party B may submit mid market quotations from two other recognized
      dealers in which case the Value of such securities shall be the mean of the
      two
      quotations submitted by Party B.

    

    (g)           Holding
      and Using Posted Collateral.

    

    (i)  Eligibility
      to
      Hold Posted Collateral; Custodians.  The Supplemental
      Interest Trust Trustee will be entitled to hold Posted Collateral pursuant
      to
      Paragraph 6(b), such Posted Collateral to be held in a segregated account.
      If at
      any time the Supplemental Interest Trust Trustee does not have a short-term
      unsecured and unsubordinated debt rating of "A-1" from S&P, the Trustee
      shall, within 60 calendar days of such rating downgrade, be replaced as
      custodian by an entity with a short-term unsecured and unsubordinated debt
      rating of "A-1" from S&P.

    

    (ii)  Use
      of Posted
      Collateral.  The provisions of Paragraph 6(c) will not apply
      to Party B; provided, however, that if Party A delivers Posted Collateral in
      book-entry form, then Paragraph 6(c)(ii) will apply to Party B and its
      Custodian, and Party B and its Custodian shall have the rights specified in
      Paragraph 6(c)(ii).

    

    (h)           Distributions
      and Interest Amount.

    

    (i)           Interest
      Rate.  The "Interest Rate" will be the actual rate earned on
      Posted Collateral in the form of Cash that is held by Party B or its Custodian.
      Posted Collateral in the form of Cash shall be invested in such overnight (or
      redeemable within two Local Business Days of demand) Permitted Investments
      rated
      at least (x) AAAm or AAAm-G by S&P and (y) Prime-1 by Moody's or Aaa by
      Moody's, as directed by Party A unless (x) an Event of Default or an Additional
      Termination Event has occurred with respect to which Party A is the defaulting
      or sole Affected Party or (y) an Early Termination Date has been designated,
      in
      which case such investment shall be uninvested). Gains and losses incurred
      in
      respect of any investment of Posted Collateral in the form of Cash in Permitted
      Investments as directed by Party A shall be for the account of Party
      A.  If no investment direction is received, the Posted Collateral in
      the form of Cash shall be held uninvested.

    

    (ii)           Transfer
      of Interest Amount.  Transfers of the Interest Amount will be
      made in arrears on the last Local Business Day of each calendar
      month,  provided that Party B shall not be obliged to so
      transfer any Interest Amount unless and until it has earned and received such
      interest

    

    (iii)           Alternative
      to Interest Amount.  The provisions of Paragraph 6(d)(ii)
      will apply, provided, however, that the Interest Amount will compound
      daily.

    

    (iv)           Distributions.
      Paragraph 6(d)(i) shall be deleted in its entirety and replaced with the
      following:

    

    "Distributions.
      Subject to Paragraph 4(a), if Party B receives Distributions on a Local Business
      Day, it will Transfer to Party A not later than the following Local Business
      Day
      any Distributions it receives to the extent that a Delivery Amount would not
      be
      created or increased by that Transfer, as calculated by the Valuation Agent
      (and
      the date of calculation will be deemed to be a Valuation Date for this
      purpose)."

    

    (i)    Additional
      Representations.

    

    Party
      A
      represents to Party B (which representation will be deemed to be repeated
      as of each date on which it, as the Pledgor, Transfers Eligible Collateral)
      that:

    

    (i)
      no consent, approval or other
      authorization of any governmental authority is required in connection with
      the
      Transfer of Eligible Collateral hereunder.

    

    (ii)
      Its assets exceed its
      liabilities.

    

    (j)           Other
      Eligible Support and Other Posted Support.

    

    (i)           "Value"
      with respect to Other Eligible Support and Other Posted Support shall not be
      applicable.

    

    (ii)           "Transfer"
      with respect to Other Eligible Support and Other Posted Support shall not be
      applicable.

    

    (k)           Demands
      and Notices.

    

    All
      demands, specifications and notices under this Annex will be made pursuant
      to
      the Notices Section of this Annex, provided, that the address for Party A for
      such purposes shall be:

     

    Citibank
      N.A.

    Collateral
      Management Group

    333
      West
      34th Street,
      2nd
      FL

    New
      York,
      NY  10001

    Telephone
      no. (212) 615-8406

    Facsimile
      no. (212) 994-0727;

    

    and
      the
      address for Party B for such purposes shall be as set forth in the Schedule
      to
      the Master Agreement.

    

    (l)           Other
      Provisions.

    

    (i)           Actions
      Hereunder.  Either party may take any actions hereunder,
      including liquidation rights, through its Custodian, and, in the case of Party
      A, through Salomon Smith Barney Inc. or any successor, as agent for Party
      A.

    

    (ii)             Events
      of Default.  Paragraph 7 shall be deleted and replaced in its
      entirety by the following paragraph:

    

    "For
      the purposes of Section
      5(a)(iii)(1) of this Agreement, an Event of Default will exist with respect
      to a
      party if that party fails (or fails to cause its Custodian) to make, when due,
      any Transfer of Eligible Collateral, Posted Collateral or the Interest Amount,
      as applicable, required to be made by it and that failure continues for one
      Local Business Day after the notice of that failure is given to that party,
      except that (A) if such failure would constitute an Additional Termination
      Event
      under another provision of this Agreement and (B) no more than 30 Local Business
      Days have elapsed since the last time that Party A satisfied the Moody's Second
      Trigger Ratings Threshold, then such failure shall be an Additional Termination
      Event and not an Event of Default".

    

    (iiii)           Agreement
      as to Single Secured
      Party and Pledgor

    

    Party
      A and Party B agree that,
      notwithstanding anything to the contrary in the recital to this Annex, Paragraph
      1(b), Paragraph 2 or the definitions in Paragraph 12, (a) the term "Secured
      Party" as used in this Annex means only Party B, (b) the term "Pledgor" as
      used
      in this Annex means only Party A, (c) only Party A makes the pledge and grant
      in
      Paragraph 2, the acknowledgment in the final sentence of Paragraph 8(a) and
      the
      representations in Paragraph 9 and (d) only Party A will be required to make
      Transfers of Eligible Credit Support hereunder.

    

    (iv)           Expenses.

    

    Notwithstanding
      Paragraph 10(a), the Pledgor will be responsible for, and will reimburse the
      Secured Party for, all costs involved in the Transfer maintenance of Eligible
      Collateral from the Pledgor to the Secured Party (or any agent or custodian
      for
      safekeeping of the Secured Party) or from the Secured Party (or any agent or
      custodian for safekeeping of the Secured Party ) to the Pledgor pursuant to
      paragraph 4(d).

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, the parties hereto
      have executed this Annex as of the date first above written.

    

     

    
      
        	
                Citibank,
                  N.A.

              	 	
                Wells
                  Fargo Bank, N.A., not individually, but solely as Supplemental
                  Interest
                  Trust Trustee on behalf of the Supplemental Interest Trust with
                  respect to
                  the Citigroup Mortgage Loan Trust 2007-AMC4, Asset-Backed Pass-Through
                  Certificates, Series 2007-AMC4,

              
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                By:

              	 	 	
                By:

              	 
	
                Name:

              	 	 	
                Name:

              	 
	
                Title:

              	 	 	
                Title:

              	 

      

    

    
 

    EXHIBIT
      A

    

    FIRST
      TRIGGER COLLATERAL AMOUNT APPLICABLE PERCENTAGES

    

    Note:
      Please delete weekly columns

    

    
      	
              Weighted
                Average Life of Hedge in Years

            	
              Interest
                Rate Hedges

            	
              Currency
                Hedges

            
	
              Valuation
                Dates:

            
	
              Daily

            	
              Weekly

            	
              Daily

            	
              Weekly

            
	
              Less
                than 1 year

            	
              0.15%

            	
              0.25%

            	
              1.10%

            	
              2.20%

            
	
              Equal
                to or greater than 1 year but less than 2 years

            	
              0.30%

            	
              0.50%

            	
              1.20%

            	
              2.40%

            
	
              Equal
                to or greater than 2 years but less than 3 years

            	
              0.40%

            	
              0.70%

            	
              1.30%

            	
              2.60%

            
	
              Equal
                to or greater than 3 years but less than 4 years

            	
              0.60%

            	
              1.00%

            	
              1.40%

            	
              2.80%

            
	
              Equal
                to or greater than 4 years but less than 5 years

            	
              0.70%

            	
              1.20%

            	
              1.50%

            	
              2.90%

            
	
              Equal
                to or greater than 5 years but less than 6 years

            	
              0.80%

            	
              1.40%

            	
              1.60%

            	
              3.10%

            
	
              Equal
                to or greater than 6 years but less than 7 years

            	
              1.00%

            	
              1.60%

            	
              1.60%

            	
              3.30%

            
	
              Equal
                to or greater than 7 years but less than 8 years

            	
              1.10%

            	
              1.80%

            	
              1.70%

            	
              3.40%

            
	
              Equal
                to or greater than 8 years but less than 9 years

            	
              1.20%

            	
              2.00%

            	
              1.80%

            	
              3.60%

            
	
              Equal
                to or greater than 9 years but less than 10 years

            	
              1.30%

            	
              2.20%

            	
              1.90%

            	
              3.80%

            
	
              Equal
                to or greater than 10 years but less than 11 years

            	
              1.40%

            	
              2.30%

            	
              1.90%

            	
              3.90%

            
	
              Equal
                to or greater than 11 years but less than 12 years

            	
              1.50%

            	
              2.50%

            	
              2.00%

            	
              4.00%

            
	
              Equal
                to or greater than 12 years but less than 13 years

            	
              1.60%

            	
              2.70%

            	
              2.10%

            	
              4.10%

            
	
              Equal
                to or greater than 13 years but less than 14 years

            	
              1.70%

            	
              2.80%

            	
              2.10%

            	
              4.30%

            
	
              Equal
                to or greater than 14 years but less than 15 years

            	
              1.80%

            	
              3.00%

            	
              2.20%

            	
              4.40%

            
	
              Equal
                to or greater than 15 years but less than 16 years

            	
              1.90%

            	
              3.20%

            	
              2.30%

            	
              4.50%

            
	
              Equal
                to or greater than 16 years but less than 17 years

            	
              2.00%

            	
              3.30%

            	
              2.30%

            	
              4.60%

            
	
              Equal
                to or greater than 17 years but less than 18 years

            	
              2.00%

            	
              3.50%

            	
              2.40%

            	
              4.80%

            
	
              Equal
                to or greater than 18 years but less than 19 years

            	
              2.00%

            	
              3.60%

            	
              2.40%

            	
              4.90%

            
	
              Equal
                to or greater than 19 years but less than 20 years

            	
              2.00%

            	
              3.70%

            	
              2.50%

            	
              5.00%

            
	
              Equal
                to or greater than 20 years but less than 21 years

            	
              2.00%

            	
              3.90%

            	
              2.50%

            	
              5.00%

            
	
              Equal
                to or greater than 21 years but less than 22 years

            	
              2.00%

            	
              4.00%

            	
              2.50%

            	
              5.00%

            
	
              Equal
                to or greater than 22 years but less than 23 years

            	
              2.00%

            	
              4.00%

            	
              2.50%

            	
              5.00%

            
	
              Equal
                to or greater than 23 years but less than 24 years

            	
              2.00%

            	
              4.00%

            	
              2.50%

            	
              5.00%

            
	
              Equal
                to or greater than 24 years but less than 25 years

            	
              2.00%

            	
              4.00%

            	
              2.50%

            	
              5.00%

            
	
              Equal
                to or greater than 25 years but less than 26 years

            	
              2.00%

            	
              4.00%

            	
              2.50%

            	
              5.00%

            
	
              Equal
                to or greater than 26 years but less than 27 years

            	
              2.00%

            	
              4.00%

            	
              2.50%

            	
              5.00%

            
	
              Equal
                to or greater than 27 years but less than 28 years

            	
              2.00%

            	
              4.00%

            	
              2.50%

            	
              5.00%

            
	
              Equal
                to or greater than 28 years but less than 29 years

            	
              2.00%

            	
              4.00%

            	
              2.50%

            	
              5.00%

            
	
              Equal
                to or greater than 29 years but less than 30 years

            	
              2.00%

            	
              4.00%

            	
              2.50%

            	
              5.00%

            
	
              Equal
                to 30 years

            	
              2.00%

            	
              4.00%

            	
              2.50%

            	
              5.00%

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      B

    

    SECOND
      TRIGGER COLLATERAL AMOUNT APPLICABLE PERCENTAGES

    Note
      – delete all weekly columns

    

    For
      Transactions that are not Transaction-Specific Hedges.

    

    "Transaction-Specific
      Hedge" means any
      Transaction that is a cap, floor or swaption, or a Transaction in respect of
      which  (x) the notional amount of the swap is "balance guaranteed" or
      (y) the notional amount of the swap for any Calculation Period otherwise is
      not
      a specific dollar amount that is fixed at the inception of the
      Transaction.

    

    
      	
              Weighted
                Average Life of Hedge in Years

            	
              Interest
                Rate Swaps

            	
              Currency
                Swaps

            
	
              Valuation
                Dates:

            
	
              Daily

            	
              Weekly

            	
              Daily

            	
              Weekly

            
	
              Less
                than 1 year

            	
              0.50%

            	
              0.60%

            	
              6.10%

            	
              7.25%

            
	
              Equal
                to or greater than 1 year but less than 2 years

            	
              1.00%

            	
              1.20%

            	
              6.30%

            	
              7.50%

            
	
              Equal
                to or greater than 2 years but less than 3 years

            	
              1.50%

            	
              1.70%

            	
              6.40%

            	
              7.70%

            
	
              Equal
                to or greater than 3 years but less than 4 years

            	
              1.90%

            	
              2.30%

            	
              6.60%

            	
              8.00%

            
	
              Equal
                to or greater than 4 years but less than 5 years

            	
              2.40%

            	
              2.80%

            	
              6.70%

            	
              8.20%

            
	
              Equal
                to or greater than 5 years but less than 6 years

            	
              2.80%

            	
              3.30%

            	
              6.80%

            	
              8.40%

            
	
              Equal
                to or greater than 6 years but less than 7 years

            	
              3.20%

            	
              3.80%

            	
              7.00%

            	
              8.60%

            
	
              Equal
                to or greater than 7 years but less than 8 years

            	
              3.60%

            	
              4.30%

            	
              7.10%

            	
              8.80%

            
	
              Equal
                to or greater than 8 years but less than 9 years

            	
              4.00%

            	
              4.80%

            	
              7.20%

            	
              9.00%

            
	
              Equal
                to or greater than 9 years but less than 10 years

            	
              4.40%

            	
              5.30%

            	
              7.30%

            	
              9.20%

            
	
              Equal
                to or greater than 10 years but less than 11 years

            	
              4.70%

            	
              5.60%

            	
              7.40%

            	
              9.30%

            
	
              Equal
                to or greater than 11 years but less than 12 years

            	
              5.00%

            	
              6.00%

            	
              7.50%

            	
              9.50%

            
	
              Equal
                to or greater than 12 years but less than 13 years

            	
              5.40%

            	
              6.40%

            	
              7.60%

            	
              9.70%

            
	
              Equal
                to or greater than 13 years but less than 14 years

            	
              5.70%

            	
              6.80%

            	
              7.70%

            	
              9.80%

            
	
              Equal
                to or greater than 14 years but less than 15 years

            	
              6.00%

            	
              7.20%

            	
              7.80%

            	
              10.00%

            
	
              Equal
                to or greater than 15 years but less than 16 years

            	
              6.30%

            	
              7.60%

            	
              7.90%

            	
              10.00%

            
	
              Equal
                to or greater than 16 years but less than 17 years

            	
              6.60%

            	
              7.90%

            	
              8.00%

            	
              10.00%

            
	
              Equal
                to or greater than 17 years but less than 18 years

            	
              6.90%

            	
              8.30%

            	
              8.10%

            	
              10.00%

            
	
              Equal
                to or greater than 18 years but less than 19 years

            	
              7.20%

            	
              8.60%

            	
              8.20%

            	
              10.00%

            
	
              Equal
                to or greater than 19 years but less than 20 years

            	
              7.50%

            	
              9.00%

            	
              8.20%

            	
              10.00%

            
	
              Equal
                to or greater than 20 years but less than 21 years

            	
              7.80%

            	
              9.00%

            	
              8.30%

            	
              10.00%

            
	
              Equal
                to or greater than 21 years but less than 22 years

            	
              8.00%

            	
              9.00%

            	
              8.40%

            	
              10.00%

            
	
              Equal
                to or greater than 22 years but less than 23 years

            	
              8.00%

            	
              9.00%

            	
              8.50%

            	
              10.00%

            
	
              Equal
                to or greater than 23 years but less than 24 years

            	
              8.00%

            	
              9.00%

            	
              8.60%

            	
              10.00%

            
	
              Equal
                to or greater than 24 years but less than 25 years

            	
              8.00%

            	
              9.00%

            	
              8.60%

            	
              10.00%

            
	
              Equal
                to or greater than 25 years but less than 26 years

            	
              8.00%

            	
              9.00%

            	
              8.70%

            	
              10.00%

            
	
              Equal
                to or greater than 26 years but less than 27 years

            	
              8.00%

            	
              9.00%

            	
              8.80%

            	
              10.00%

            
	
              Equal
                to or greater than 27 years but less than 28 years

            	
              8.00%

            	
              9.00%

            	
              8.80%

            	
              10.00%

            
	
              Equal
                to or greater than 28 years but less than 29 years

            	
              8.00%

            	
              9.00%

            	
              8.90%

            	
              10.00%

            
	
              Equal
                to or greater than 29 years but less than 30 years

            	
              8.00%

            	
              9.00%

            	
              8.90%

            	
              10.00%

            
	
              Equal
                to 30 years

            	
              8.00%

            	
              9.00%

            	
              9.00%

            	
              10.00%

            

    

    

    

    For
      Transactions that are Transaction-Specific Hedges.

    

    
      	
              Weighted
                Average Life of Hedge in Years

            	
              Interest
                Rate Hedges

            	
              Currency
                Hedges

            
	
              Valuation
                Dates:

            
	
              Daily

            	
              Weekly

            	
              Daily

            	
              Weekly

            
	
              Less
                than 1 year

            	
              0.65%

            	
              0.75%

            	
              6.30%

            	
              7.40%

            
	
              Equal
                to or greater than 1 year but less than 2 years

            	
              1.30%

            	
              1.50%

            	
              6.60%

            	
              7.80%

            
	
              Equal
                to or greater than 2 years but less than 3 years

            	
              1.90%

            	
              2.20%

            	
              6.90%

            	
              8.20%

            
	
              Equal
                to or greater than 3 years but less than 4 years

            	
              2.50%

            	
              2.90%

            	
              7.10%

            	
              8.50%

            
	
              Equal
                to or greater than 4 years but less than 5 years

            	
              3.10%

            	
              3.60%

            	
              7.40%

            	
              8.90%

            
	
              Equal
                to or greater than 5 years but less than 6 years

            	
              3.60%

            	
              4.20%

            	
              7.70%

            	
              9.20%

            
	
              Equal
                to or greater than 6 years but less than 7 years

            	
              4.20%

            	
              4.80%

            	
              7.90%

            	
              9.60%

            
	
              Equal
                to or greater than 7 years but less than 8 years

            	
              4.70%

            	
              5.40%

            	
              8.20%

            	
              9.90%

            
	
              Equal
                to or greater than 8 years but less than 9 years

            	
              5.20%

            	
              6.00%

            	
              8.40%

            	
              10.20%

            
	
              Equal
                to or greater than 9 years but less than 10 years

            	
              5.70%

            	
              6.60%

            	
              8.60%

            	
              10.50%

            
	
              Equal
                to or greater than 10 years but less than 11 years

            	
              6.10%

            	
              7.00%

            	
              8.80%

            	
              10.70%

            
	
              Equal
                to or greater than 11 years but less than 12 years

            	
              6.50%

            	
              7.50%

            	
              9.00%

            	
              11.00%

            
	
              Equal
                to or greater than 12 years but less than 13 years

            	
              7.00%

            	
              8.00%

            	
              9.20%

            	
              11.30%

            
	
              Equal
                to or greater than 13 years but less than 14 years

            	
              7.40%

            	
              8.50%

            	
              9.40%

            	
              11.50%

            
	
              Equal
                to or greater than 14 years but less than 15 years

            	
              7.80%

            	
              9.00%

            	
              9.60%

            	
              11.80%

            
	
              Equal
                to or greater than 15 years but less than 16 years

            	
              8.20%

            	
              9.50%

            	
              9.80%

            	
              11.80%

            
	
              Equal
                to or greater than 16 years but less than 17 years

            	
              8.60%

            	
              9.90%

            	
              10.00%

            	
              12.00%

            
	
              Equal
                to or greater than 17 years but less than 18 years

            	
              9.00%

            	
              10.40%

            	
              10.10%

            	
              12.00%

            
	
              Equal
                to or greater than 18 years but less than 19 years

            	
              9.40%

            	
              10.80%

            	
              10.30%

            	
              12.00%

            
	
              Equal
                to or greater than 19 years but less than 20 years

            	
              9.70%

            	
              11.00%

            	
              10.50%

            	
              12.00%

            
	
              Equal
                to or greater than 20 years but less than 21 years

            	
              10.00%

            	
              11.00%

            	
              10.70%

            	
              12.00%

            
	
              Equal
                to or greater than 21 years but less than 22 years

            	
              10.00%

            	
              11.00%

            	
              10.80%

            	
              12.00%

            
	
              Equal
                to or greater than 22 years but less than 23 years

            	
              10.00%

            	
              11.00%

            	
              11.00%

            	
              12.00%

            
	
              Equal
                to or greater than 23 years but less than 24 years

            	
              10.00%

            	
              11.00%

            	
              11.00%

            	
              12.00%

            
	
              Equal
                to or greater than 24 years but less than 25 years

            	
              10.00%

            	
              11.00%

            	
              11.00%

            	
              12.00%

            
	
              Equal
                to or greater than 25 years but less than 26 years

            	
              10.00%

            	
              11.00%

            	
              11.00%

            	
              12.00%

            
	
              Equal
                to or greater than 26 years but less than 27 years

            	
              10.00%

            	
              11.00%

            	
              11.00%

            	
              12.00%

            
	
              Equal
                to or greater than 27 years but less than 28 years

            	
              10.00%

            	
              11.00%

            	
              11.00%

            	
              12.00%

            
	
              Equal
                to or greater than 28 years but less than 29 years

            	
              10.00%

            	
              11.00%

            	
              11.00%

            	
              12.00%

            
	
              Equal
                to or greater than 29 years but less than 30 years

            	
              10.00%

            	
              11.00%

            	
              11.00%

            	
              12.00%

            
	
              Equal
                to 30 years

            	
              10.00%

            	
              11.00%

            	
              11.00%

            	
              12.00%

            

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
      P-1

     

    FORM
      OF
      BACKUP SERVICER DELINQUENCY REPORT

     

     

    Standard
      File Layout – Delinquency Reporting

    

     

    REPORTING
      DATA FOR DEFAULTED LOANS

     

    Data
      must
      be submitted to Wells Fargo Bank in an Excel spreadsheet format
      with fixed field names and data type.  The Excel
      spreadsheet should be used as a template consistently every month when
      submitting data.

     

    
      	 	 	 
	
              Table:
                Delinquency

            	 	 
	 	 	 
	
              Name

            	
              Type

            	
              Size

            
	
              Servicer
                Loan
                #

            	
              Number

            	
              8

            
	 	
              (Double)

            	 
	
              Investor
                Loan
                #

            	
              Number

            	
              8

            
	 	
              (Double)

            	 
	
              Borrower
                Name

            	
              Text

            	
              20

            
	
              Address

            	
              Text

            	
              30

            
	
              State

            	
              Text

            	
              2

            
	
              Due
                Date

            	
              Date/Time

            	
              8

            
	
              Action
                Code

            	
              Text

            	
              2

            
	
              FC
                Received

            	
              Date/Time

            	
              8

            
	
              File
                Referred to
                Atty

            	
              Date/Time

            	
              8

            
	
              NOD

            	
              Date/Time

            	
              8

            
	
              Complaint
                Filed

            	
              Date/Time

            	
              8

            
	
              Sale
                Published

            	
              Date/Time

            	
              8

            
	
              Target
                Sale
                Date

            	
              Date/Time

            	
              8

            
	
              Actual
                Sale
                Date

            	
              Date/Time

            	
              8

            
	
              Loss
                Mit Approval
                Date

            	
              Date/Time

            	
              8

            
	
              Loss
                Mit
                Type

            	
              Text

            	
              5

            
	
              Loss
                Mit Estimated
                Completion

            	
              Date/Time

            	
              8

            
	
              Date

            	 	 
	
              Loss
                Mit Actual Completion
                Date

            	
              Date/Time

            	
              8

            
	
              Loss
                Mit Broken Plan
                Date

            	
              Date/Time

            	
              8

            
	
              BK
                Chapter

            	
              Text

            	
              6

            
	
              BK
                Filed
                Date

            	
              Date/Time

            	
              8

            
	
              Post
                Petition
                Due

            	
              Date/Time

            	
              8

            
	
              Motion
                for
                Relief

            	
              Date/Time

            	
              8

            
	
              Lift
                of
                Stay

            	
              Date/Time

            	
              8

            
	
              RFD

            	
              Text

            	
              10

            
	
              Occupant
                Code

            	
              Text

            	
              10

            
	
              Eviction
                Start
                Date

            	
              Date/Time

            	
              8

            
	
              Eviction
                Completed
                Date

            	
              Date/Time

            	
              8

            
	
              List
                Price

            	
              Currency

            	
              8

            
	
              List
                Date

            	
              Date/Time

            	
              8

            
	
              Accepted
                Offer
                Price

            	
              Currency

            	
              8

            
	
              Accepted
                Offer
                Date

            	
              Date/Time

            	
              8

            
	
              Estimated
                REO Closing
                Date

            	
              Date/Time

            	
              8

            
	
              Actual
                REO Sale
                Date

            	
              Date/Time

            	
              8

            

    

    

    
      	
              •

            	
              Items
                in bold are MANDATORY FIELDS. We must receive information in those
                fields
                every month in order for your file to be
                accepted.

            

    

     

    The
      Action Code Field should show the applicable numeric code to indicate that
      a
      special action is being taken. The Action Codes are the following:

     

    12-Relief
      Provisions

    15-Bankruptcy/Litigation

    20-Referred
      for Deed-in-Lieu

    30-Referred
      fore Foreclosure

    60-Payoff

    65-Repurchase

    70-REO-Held
      for Sale

    71-Third
      Party Sale/Condemnation

    72-REO-Pending
      Conveyance-Pool Insurance claim filed

     

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

     

    Description
      of Action Codes:

     

    Action
      Code
      12 - To report
      a
      Mortgage Loan for which the Borrower has been granted relief for curing a
      delinquency.  The Action Date is the date the relief is expected to
      end.  For military indulgence, it will be three months after the
      Borrower’s discharge from military service.

     

    Action
      Code
      15 - To report
      the
      Borrower’s filing for bankruptcy or instituting some other type of litigation
      that will prevent or delay liquidation of the Mortgage Loan.  The
      Action Date will be either the date that any repayment plan (or forbearance)
      instituted by the bankruptcy court will expire or an additional date by which
      the litigation should be resolved.

     

    Action
      Code
      20 - To report
      that the Borrower has agreed to a deed-in-lieu or an assignment of the property.
      The Action Date is the date the Servicer decided to pursue a deed-in-lieu or
      the
      assignment.

     

    Action
      Code
      30 - To report
      that the decision has been made to foreclose the Mortgage Loan.  The
      Action Date is the date the Servicer referred the case to the foreclosure
      attorney.

    

    Action
      Code
      60 - To report
      that a Mortgage Loan has been paid in full either at, or prior to,
      maturity.  The Action Date is the date the pay-off funds were remitted
      to the Master Servicer.

     

    Action
      Code
      65 - To report
      that the Servicer is repurchasing the Mortgage Loan.  The Action Date
      is the date the repurchase proceeds were remitted to the Master
      Servicer.

     

    Action
      Code
      70 - To report
      that a Mortgage Loan has been foreclosed or a deed-in-lieu of foreclosure has
      been accepted, and the Servicer, on behalf of the owner of the Mortgage Loan,
      has acquired the property and may dispose of it.  The Action Date is
      the date of the foreclosure sale or, for deeds-in-lieu, the date the deed is
      recorded on behalf of the owner of the Mortgage Loan.

     

    Action
      Code
      71 - To report
      that a Mortgage Loan has been foreclosed and a third party acquired the
      property, or a total condemnation of the property has occurred.  The
      Action Date is the date of the foreclosure sale or the date the condemnation
      award was received.

     

    Action
      Code
      72 - To report
      that a Mortgage Loan has been foreclosed, or a deed-in-lieu has been accepted,
      and the property may be conveyed to the mortgage insurer and the pool insurance
      claim has been filed.  The Action Date is the date of the foreclosure
      sale, or, for deeds-in-lieu, the date of the deed for conventional
      mortgages.

     

    The
      Loss Mit Type field should show the
      approved Loss Mitigation arrangement.  The following are
      acceptable:

     

    ASUM-Approved
      Assumption

    BAP-Borrower
      Assistance Program

    CO-Charge
      Off

    DIL-Deed-in-Lieu

    FFA-Formal
      Forbearance Agreement

    MOD-Loan
      Modification

    PRE-Pre-Sale

    SS-Short
      Sale

    MISC-Anything
      else approved by the PMI or Pool Insurer

     

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

     

    The
      Occupant Code field should show the current status of the
      property.  The acceptable codes are:

     

    MORTGAGOR

    TENANT

    UNKNOWN

    VACANT

     

     

     

    EXHIBIT
      P-2

     

    BACKUP
      SERVICER MONTHLY REMITTANCE ADVICE

     

    Standard
      File Layout – Scheduled/Scheduled

    

    

    
      
        	
                Column
                  Name

              	
                Description

              	
                Decimal

              	
                Format
                  Comment

              
	
                SER_INVESTOR_NBR

              	
                A
                  value assigned by the Servicer to define a group of loans.

              	
                 

              	
                Text
                  up to 10
                  digits

              
	
                LOAN_NBR

              	
                A
                  unique identifier assigned to each loan by the investor.

              	
                 

              	
                Text
                  up to 10 digits

              
	
                SERVICER_LOAN_NBR

              	
                A
                  unique number assigned to a loan by the Servicer.  This may be
                  different than the LOAN_NBR.

              	
                 

              	
                Text
                  up to 10 digits

              
	
                BORROWER_NAME

              	
                The
                  borrower name as received in the file.  It is not separated by
                  first and last name.

              	
                 

              	
                Maximum
                  length of 30 (Last, First)

              
	
                SCHED_PAY_AMT

              	
                Scheduled
                  monthly principal and scheduled interest payment that a borrower
                  is
                  expected to pay, P&I constant.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                NOTE_INT_RATE

              	
                The
                  loan interest rate as reported by the Servicer.

              	
                4

              	
                Max
                  length of 6

              
	
                NET_INT_RATE

              	
                The
                  loan gross interest rate less the service fee rate as reported
                  by the
                  Servicer.

              	
                4

              	
                Max
                  length of 6

              
	
                SERV_FEE_RATE

              	
                The
                  servicer's fee rate for a loan as reported by the
                  Servicer.

              	
                4

              	
                Max
                  length of 6

              
	
                SERV_FEE_AMT

              	
                The
                  servicer's fee amount for a loan as reported by the
                  Servicer.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                NEW_PAY_AMT

              	
                The
                  new loan payment amount as reported by the Servicer.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                NEW_LOAN_RATE

              	
                The
                  new loan rate as reported by the Servicer.

              	
                4

              	
                Max
                  length of 6

              
	
                ARM_INDEX_RATE

              	
                The
                  index the Servicer is using to calculate a forecasted
                  rate.

              	
                4

              	
                Max
                  length of 6

              
	
                ACTL_BEG_PRIN_BAL

              	
                The
                  borrower's actual principal balance at the beginning of the processing
                  cycle.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                ACTL_END_PRIN_BAL

              	
                The
                  borrower's actual principal balance at the end of the processing
                  cycle.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                BORR_NEXT_PAY_DUE_DATE

              	
                The
                  date at the end of processing cycle that the borrower's next payment
                  is
                  due to the Servicer, as reported by Servicer.

              	
                 

              	
                MM/DD/YYYY

              
	
                SERV_CURT_AMT_1

              	
                The
                  first curtailment amount to be applied.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                SERV_CURT_DATE_1

              	
                The
                  curtailment date associated with the first curtailment
                  amount.

              	
                 

              	
                MM/DD/YYYY

              
	
                CURT_ADJ_
                  AMT_1

              	
                The
                  curtailment interest on the first curtailment amount, if
                  applicable.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                SERV_CURT_AMT_2

              	
                The
                  second curtailment amount to be applied.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                SERV_CURT_DATE_2

              	
                The
                  curtailment date associated with the second curtailment
                  amount.

              	
                 

              	
                MM/DD/YYYY

              
	
                CURT_ADJ_
                  AMT_2

              	
                The
                  curtailment interest on the second curtailment amount, if
                  applicable.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                SERV_CURT_AMT_3

              	
                The
                  third curtailment amount to be applied.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                SERV_CURT_DATE_3

              	
                The
                  curtailment date associated with the third curtailment
                  amount.

              	
                 

              	
                MM/DD/YYYY

              
	
                CURT_ADJ_AMT_3

              	
                The
                  curtailment interest on the third curtailment amount, if
                  applicable.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                PIF_AMT

              	
                The
                  loan "paid in full" amount as reported by the Servicer.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                PIF_DATE

              	
                The
                  paid in full date as reported by the Servicer.

              	
                 

              	
                MM/DD/YYYY

              
	
                 

              	
                 

              	
                 

              	
                Action
                  Code Key: 15=Bankruptcy, 30=Foreclosure, , 60=PIF, 63=Substitution,
                  65=Repurchase,70=REO

              
	
                ACTION_CODE

              	
                The
                  standard FNMA numeric code used to indicate the default/delinquent
                  status
                  of a particular loan.

              	 	 
	
                INT_ADJ_AMT

              	
                The
                  amount of the interest adjustment as reported by the
                  Servicer.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                SOLDIER_SAILOR_ADJ_AMT

              	
                The
                  Soldier and Sailor Adjustment amount, if applicable.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                NON_ADV_LOAN_AMT

              	
                The
                  Non Recoverable Loan Amount, if applicable.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                LOAN_LOSS_AMT

              	
                The
                  amount the Servicer is passing as a loss, if applicable.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                SCHED_BEG_PRIN_BAL

              	
                The
                  scheduled outstanding principal amount due at the beginning of
                  the cycle
                  date to be passed through to investors.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                SCHED_END_PRIN_BAL

              	
                The
                  scheduled principal balance due to investors at the end of a processing
                  cycle.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                SCHED_PRIN_AMT

              	
                The
                  scheduled principal amount as reported by the Servicer for the
                  current
                  cycle -- only applicable for Scheduled/Scheduled Loans.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                SCHED_NET_INT

              	
                The
                  scheduled gross interest amount less the service fee amount for
                  the
                  current cycle as reported by the Servicer -- only applicable for
                  Scheduled/Scheduled Loans.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                ACTL_PRIN_AMT

              	
                The
                  actual principal amount collected by the Servicer for the current
                  reporting cycle -- only applicable for Actual/Actual
                  Loans.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                ACTL_NET_INT

              	
                The
                  actual gross interest amount less the service fee amount for the
                  current
                  reporting cycle as reported by the Servicer -- only applicable
                  for
                  Actual/Actual Loans.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                PREPAY_PENALTY_
                  AMT

              	
                The
                  penalty amount received when a borrower prepays on his loan as
                  reported by
                  the Servicer.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                PREPAY_PENALTY_
                  WAIVED

              	
                The
                  prepayment penalty amount for the loan waived by the
                  servicer.

              	
                2

              	
                No
                  commas(,) or dollar signs ($)

              
	
                 

              	
                 

              	
                 

              	
                 

              
	
                MOD_DATE

              	
                The
                  Effective Payment Date of the Modification for the loan.

              	
                 

              	
                MM/DD/YYYY

              
	
                MOD_TYPE

              	
                The
                  Modification Type.

              	
                 

              	
                Varchar
                  - value can be alpha or numeric

              
	
                DELINQ_P&I_ADVANCE_AMT

              	
                The
                  current outstanding principal and interest advances made by
                  Servicer.

              	
                2

              	
                No
                  commas(,) or dollar signs
                  ($)

              

      
 

    
 

     

    EXHIBIT
      P-3

     

    FORM
      OF
      BACKUP SERVICER REALIZED LOSS REPORT

     

    WELLS
      FARGO BANK, N.A. Form 332

     

    Calculation
      of Realized Loss

     

    Purpose

     

    To
      provide the Servicer with a form for the calculation of any Realized Loss (or
      gain) as a result of a Mortgage Loan having been foreclosed and
      Liquidated.

     

    Distribution

     

    The
      Servicer will prepare the form in duplicate and send the original together with
      evidence of conveyance of title and appropriate supporting documentation to
      the
      Master Servicer with the Monthly Accounting Reports which supports the Mortgage
      Loan’s removal from the Mortgage Loan Activity Report. The Servicer will retain
      the duplicate for its own records.

     

    Due
      Date

     

    With
      respect to any liquidated Mortgage Loan, the form will be submitted to the
      Master Servicer no later than the date on which statements are due to the Master
      Servicer under Section 4.02 of this Agreement (the “Statement Date”) in the
      month following receipt of final liquidation proceeds and supporting
      documentation relating to such liquidated Mortgage Loan; provided, that if
      such
      Statement Date is not at least 30 days after receipt of final liquidation
      proceeds and supporting documentation relating to such liquidated Mortgage
      Loan,
      then the form will be submitted on the first Statement Date occurring after
      the
      30th day
      following receipt of final liquidation proceeds and supporting
      documentation.

     

    Preparation
      Instructions

     

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

     

    1.           The
      actual Unpaid Principal Balance of the Mortgage Loan.

    2.           The
      Total Interest Due less the aggregate amount of servicing fee that would have
      been earned if all delinquent payments had been made as agreed.

    

    
      	
              3-7.

            	
              Complete
                as necessary.  All line entries must be supported by copies of
                appropriate statements, vouchers,
                receipts, canceled checks, etc., to document the
                expense.  Entries not properly documented
                will not be reimbursed to the
                Servicer.

            

    

    
    

    
      	
              8.

            	
              Accrued
                Servicing Fees based upon the Scheduled Principal Balance of the
                Mortgage
                Loan as calculated on a monthly basis.

            

      	 	 

    

    
      	
              10.

            	
              The
                total of lines 1 through 9.

            

    

     

    Credits

     

    
      	
              11-17.

            	
              Complete
                as necessary.  All line entries must be supported by copies of
                the appropriate claims forms, statements, payment checks,
                etc.  to document the credit.  If the Mortgage Loan is
                subject to a Bankruptcy Deficiency, the difference between the Unpaid
                Principal Balance of the Note prior to the Bankruptcy Deficiency
                and the
                Unpaid Principal Balance as reduced by the Bankruptcy Deficiency
                should be
                input on line 16.

            

    

     

    
      	
              18.

            	
              The
                total of lines 11 through 17.

            

    

     

    Total
      Realized Loss (or Amount of Any Gain)

     

    
      	
              19.

            	
              The
                total derived from subtracting line 18 from 10.  If the amount
                represents a realized gain, show the amount in parenthesis
                (  ).

            

    

    

     

     

    
 

    WELLS
      FARGO BANK, N.A.

    CALCULATION
      OF REALIZED LOSS

     

    

     

    WELLS
      FARGO BANK, N.A. Trust:  ___________________________

    Prepared
      by: __________________ Date: _______________

    Phone:
      ______________________

     

    Servicer
      Loan
      No.                                                     Servicer
      Name                                Servicer
      Address

     

    WELLS
      FARGO BANK, N.A.

    Loan
      No._____________________________

    Borrower’s
      Name:________________________________________________________

    Property

    Address:________________________________________________________________

    

    
      	
              Liquidation
                and Acquisition
                Expenses:

            	 
	
              Actual
                Unpaid Principal Balance of
                Mortgage Loan

            	
              $
                _______________(1)

            
	
              Interest
                accrued at Net
                Rate

            	
               ________________(2)

            
	
              Attorney’s
                Fees

            	
               ________________(3)

            
	
              Taxes

            	
              ________________(4)

            
	
              Property
                Maintenance

            	
               ________________(5)

            
	
              MI/Hazard
                Insurance
                Premiums

            	
               ________________(6)

            
	
              Hazard
                Loss
                Expenses

            	
              ________________(7)

            
	
              Accrued
                Servicing
                Fees

            	
              ________________(8)

            
	
              Other
                (itemize)

            	
               ________________(9)

            
	 	
               $
                _________________

            
	 	 
	 	 
	 	 
	
              Total
                Expenses

            	
               $
                ______________(10)

            
	
              Credits:

            	 
	
              Escrow
                Balance

            	
              $
                ______________(11)

            
	
              HIP
                Refund

            	
              ________________(12)

            
	
              Rental
                Receipts

            	
              ________________(13)

            
	
              Hazard
                Loss
                Proceeds

            	
              ________________(14)

            
	
              Primary
                Mortgage Insurance
                Proceeds

            	
              ________________(15)

            
	
              Proceeds
                from Sale of Acquired
                Property

            	
              ________________(16)

            
	
              Other
                (itemize)

            	
              ________________(17)

            
	 	
               ___________________

            
	 	
               ___________________

            
	
              Total
                Credits

            	
                   $________________(18)

            
	
              Total
                Realized Loss (or Amount of
                Gain)

            	$________________ 

    

    

     

    

    SCHEDULE
      1

     

    MORTGAGE
      LOAN SCHEDULE

     

    AS
      PREVIOUSLY FILED WITH THE COMMISSION ON [___]

     

     

     

    SCHEDULE
      2

     

    PREPAYMENT
      CHARGE SCHEDULE

     

    AVAILABLE
      UPON REQUEST

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}]]