Document:

Exhibit 10.5

  

EXECUTION COPY

 

ASSIGNMENT, ASSUMPTION AND RECOGNITION
AGREEMENT

 

This is an Assignment,
Assumption and Recognition Agreement (the “Agreement”) made as of the 30th day of November, 2012, among
Redwood Residential Acquisition Corporation, a Delaware corporation (“Assignor”), Sequoia Residential Funding, Inc.,
a Delaware corporation (“Depositor”), Christiana Trust, a division of Wilmington Savings Fund Society, FSB, a federal
savings bank, not in its individual capacity but solely as trustee (in such capacity, the “Trustee” or the “Assignee”)
under a Pooling and Servicing Agreement dated as of November 1, 2012 (the “Pooling and Servicing Agreement”), and First
Republic Bank, a California-chartered bank (the “Bank”).

 

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

 

Assignment and Assumption

 

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

 

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

 

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

 

    	 

    	 

    

 

4.          The Bank hereby acknowledges
the foregoing assignments and assumptions and agrees that Assignee shall be the “Purchaser” under the Sale and Servicing
Agreement with respect to the Mortgage Loans.

 

Representations and Warranties

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Restated Bank Representations and Warranties

 

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

 

In the event of a breach
of any representations and warranties referred to in clauses (a) or (b) above as of the date specified, Assignee shall be entitled
to all the remedies under the Sale and Servicing Agreement, subject to the rights of the Controlling Holder pursuant to Section
13.

 

Repurchase by Assignor Upon Certain Breaches
of Representations and Warranties

 

10.         
(a)          Assignor hereby covenants and agrees that, if a breach of any representation
and warranty set forth in Subsection 7.01 of the Sale and Servicing Agreement exists on the date hereof that materially and adversely
affects the value of any Mortgage Loan or the interest of Assignee in any Mortgage Loan and such breach did not exist as of the
Closing Date of that Mortgage Loan, Assignor shall have a period of 60 days from the earlier of either discovery by or receipt
of written notice from Assignee to Assignor of such breach within which to correct or cure such breach. Each determination as to
whether there has been such a breach shall be conducted on a Mortgage Loan-by-Mortgage Loan basis. A breach of representations
and warranties in Subsections 7.01(h), (bb), and (vv) of the Sale and Servicing Agreement shall be deemed to materially and adversely
affect the value of the related Mortgage Loan or the interest of the Assignee therein. Assignor hereby covenants and agrees that
if any breach cannot be corrected or cured within such 60 day period, then Assignor shall, at its option, (i) substitute a mortgage
loan for the defective Mortgage Loan in accordance with the Sale and Servicing Agreement, (ii) repurchase the related Mortgage
Loan at the Repurchase Price or (iii) except for a breach of a representation and warranty in Subsection 7.01(bb) of the Sale and
Servicing Agreement, make an indemnification payment in an amount equal to the reduction in value of such Mortgage Loan as a result
of such breach not later than 90 days after its discovery or receipt of notice of such breach and in the case of clauses (ii) and
(iii) above, by wire transfer of immediately available funds to such account as Assignee shall specify to Assignor.

 

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(b)          Assignor
and Assignee agree that the resolution of any controversy or claim arising out of or relating to an obligation or alleged obligation
of Assignor to repurchase a Mortgage Loan or Mortgage Loans pursuant to Section 10(a) above shall be by Arbitration administered
by the American Arbitration Association. If any such controversy or claim has not been resolved to the satisfaction of both Assignor
and Assignee, either party may commence Arbitration to resolve the dispute; provided that a party may commence Arbitration with
respect to one or more unresolved allegations only during the months of January, April, July and October, and all matters with
respect to which Arbitration has been commenced in any such month shall be heard in a single Arbitration in the immediately following
month or as soon as practicable thereafter; and provided further that if any Arbitration arising out of or relating to an obligation
or alleged obligation of the Bank to repurchase a Mortgage Loan relating to the same representation and warranty, has commenced
and is continuing, then such Arbitration shall be joined with the Arbitration commenced hereunder.

 

(c)          To
commence Arbitration, the moving party shall deliver written notice to the other party that it has elected to pursue Arbitration
in accordance with this Section 10, provided that if Assignor has not responded to Assignee's notification of a breach of a representation
and warranty, Assignee shall not commence Arbitration with respect to that breach before 60 days following such notification in
order to provide Assignor with an opportunity to respond to such notification. Within ten Business Days after a party has provided
notice that it has elected to pursue Arbitration, each party may submit the names of one or more proposed Arbitrators to the other
party in writing. If the parties have not agreed on the selection of an Arbitrator within five Business Days after the first such
submission, then the party commencing Arbitration shall, within the next five Business Days, notify the American Arbitration Association
in San Francisco, California and request that it appoint a single Arbitrator with experience in arbitrating disputes arising in
the financial services industry.

 

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

 

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

 

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Recognition of Assignee

 

11.         (a)          From
and after the date hereof, subject to Sections 13 and 14 below, the Bank shall recognize Assignee as owner of the Mortgage Loans
and will service the Mortgage Loans and perform its obligations hereunder for the benefit of the Assignee in accordance with the
Sale and Servicing Agreement, as modified hereby or as may be amended from time to time, as if Assignee and the Bank had entered
into a separate servicing agreement for the purchase and servicing of the Mortgage Loans, the terms of which are incorporated herein
by reference, as amended by this Agreement.

 

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

 

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

 

Continuing Rights and Responsibilities

 

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

 

Sale and
Servicing Agreement:

 

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

 

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

 

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Sale and
Servicing Agreement:

 

	Subsection	 	Matter
	 	 	 
	7.05	 	Purchase Price Protection
	 	 	 
	Addendum I	 	Regulation AB Compliance Addendum

 

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

 

Sale and
Servicing Agreement:

 

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

 

(d)          If
there is no Controlling Holder under the Pooling and Servicing Agreement, then all rights and responsibilities assumed by the Controlling
Holder pursuant to Section 13(a) shall terminate and revert to Assignee. Assignor will provide thirty (30) days notice to the Bank
of any such termination of which Assignor has knowledge. Upon the first exercise of an enforcement of any rights pursuant to Section
13(a), Assignee shall notify (or cause the Master Servicer to notify) the Bank that there is no longer a Controlling Holder.

 

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Amendments to Sale and Servicing Agreement

 

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

 

(a)          Definitions.

 

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

 

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

 

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

 

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

 

Clean-up
Call: The optional purchase of the mortgage loans subject to the Pooling and Servicing Agreement and all property acquired
in respect of any such mortgage loan remaining in the trust fund created pursuant to the Pooling and Servicing Agreement on any
date on which the aggregate stated principal balance is less than 10% of the aggregate stated principal balance as of November
1, 2012, in accordance with the Pooling and Servicing Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

(vi)        any
money market funds rated in one of the two highest rating categories by the Rating Agency for long-term unsecured debt with a maturity
of more than one year or in the highest rating category with respect to short-term obligations;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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(b)          Servicing
Standard. In servicing the Mortgage Loans in accordance with this Agreement and Customary Servicing Procedures, the Servicer
shall service the Mortgage Loans with a view to the best interests of all holders of the Sequoia Mortgage Trust 2012-6 Mortgage
Pass-Through Certificates as a single class.

 

(c)          Segregated
Custodial Account. The Servicer shall establish a Custodial Account pursuant to Subsection 11.04 of the Sale and Servicing
Agreement which shall be titled “First Republic Bank, in trust for Christiana Trust, a division of Wilmington Savings Fund
Society, FSB, as trustee of the Sequoia Mortgage Trust 2012-6” (the “2012-6 Custodial Account”), which shall
be the Custodial Account under this Agreement for all purposes. If the 2012-6 Custodial Account is no longer an Eligible Account,
the Servicer shall transfer the 2012-6 Custodial Account to an account that is an Eligible Account. The 2012-6 Custodial Account
shall qualify as an Eligible Account. 

 

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

 

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

 

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

 

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

 

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

 

			Notwithstanding anything to the contrary in this Agreement, for all Eligible Investments rated
at least "F1/A+"(short/long) that have terms greater than 60 days, in the event of a downgrade of such Eligible Investment
below "F1" (or "A+" if no short term rating) Servicer agrees to remove such Eligible Investment within 60 days
of such downgrade. Servicer acknowledges and agrees that Servicer shall bear any losses incurred with respect to removal of such
Eligible Investment following such a downgrade and that any losses shall be immediately deposited by the Servicer in the 2012-6
Custodial Account, as appropriate, out of the Servicer’s own funds, with no right to reimbursement therefor.

 

    	13

    	 

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

(k)          REMIC
Provisions.

 

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

 

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

 

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

 

    	14

    	 

    

 

If a Mortgage
Loan is held by a REMIC, the Servicer shall not acquire any real property (or personal property incident to such real property)
in respect of such Mortgage Loan except in connection with a default or imminent default of such Mortgage Loan. In the event that
a REMIC acquires any real property (or personal property incident to such real property) in connection with a default or imminent
default of a Mortgage Loan, such property shall be disposed of by the Servicer as soon as practicable in a manner that, consistent
with prudent mortgage loan servicing practices, maximizes the net present value of the recovery to the Trust, but in any event
within three years after its acquisition by such REMIC unless the Servicer provides to the Purchaser and the Securities Administrator
an Opinion of Counsel to the effect that the holding by such REMIC of such Mortgaged Property subsequent to three years after its
acquisition will not result in the imposition of taxes on “prohibited transactions” on such REMIC as defined in Section
860F of the Code or under the law of any state in which real property securing a Mortgage Loan owned by such REMIC is located or
cause such REMIC to fail to qualify as a REMIC for federal income tax purposes or for state tax purposes under the laws of any
state in which real property securing a Mortgage Loan owned by such REMIC is located at any time that any mortgage pass-through
certificates representing interests in such REMIC are outstanding. The Servicer shall conserve, protect and operate each such property
for such REMIC solely for the purpose of its prompt disposition and sale in a manner which does not cause such property to fail
to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) or result in the receipt by such REMIC
of any “income from non-permitted assets” within the meaning of Section 860F(a)(2)(B) of the Code or any “net
income from foreclosure property” which is subject to taxation under the REMIC Provisions. Pursuant to its efforts to sell
such property, the Servicer shall either itself or through an agent selected by the Servicer protect and conserve such property
in the same manner and to such extent as is customary in the locality where such property is located and may, incident to its conservation
and protection of the assets of the Trust, rent the same, or any part thereof, as the Servicer deems to be in the best interest
of the Trust for the period prior to the sale of such property. Additionally, the Servicer shall perform the tax withholding and
shall file information returns with respect to the receipt of mortgage interests received in a trade or business, the reports of
foreclosures and abandonments of any Mortgaged Property and the information returns relating to cancellation of indebtedness income
with respect to any Mortgaged Property required by Sections 6050H, 6050J and 6050P, respectively, of the Code, and deliver to the
Purchaser and the Securities Administrator an Officers’ Certificate on or before March 31 of each year stating that such
reports have been filed. Such reports shall be in form and substance sufficient to meet the reporting requirements imposed by Sections
6050H, 6050J and 6050P of the Code.

 

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

 

    	15

    	 

    

 

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

 

(l)          Avoidance
of Consolidation.

 

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

 

Subsection 7.06 Avoidance
of Consolidation.

 

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

 

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

 

    	16

    	 

    

 

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

 

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

 

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

 

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

 

    	17

    	 

    
 

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

 

(n)          Modification
Payment Plans and Foreclosure Approvals.

 

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

 

Consistent
with the terms of this Agreement, and subject to the REMIC Provisions if the Mortgage Loans have been transferred to a REMIC, the
Servicer may waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such
term or in any manner grant indulgence to any Mortgagor; provided, however, that the Servicer shall not enter into any payment
plan or agreement to modify payments with a Mortgagor lasting more than twelve (12) months or permit any modification with
respect to any Mortgage Loan that would change the Mortgage Interest Rate, the Lifetime Rate Cap (if applicable), the Initial
Rate Cap (if applicable), the Periodic Rate Cap (if applicable) or the Gross Margin (if applicable), agree
to the capitalization of arrearages, including interest, fees or expenses owed under the Mortgage Loan, make any future advances
or extend the final maturity date with respect to such Mortgage Loan (provided that the Servicer shall in no event extend the final
maturity date past December 25, 2042 or, if such 25th day is not a Business Day, the next succeeding Business Day), or accept substitute
or additional collateral or release any collateral for such Mortgage Loan, unless (1) the Mortgagor is in default with respect
to the Mortgage Loan, or such default is, in the judgment of the Servicer, imminent, (2) the modification is in accordance with
the customary procedures of the Servicer, which may change from time to time, or industry-accepted programs, and (3) the Purchaser
has approved such action.

 

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

 

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

 

    	18

    	 

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Miscellaneous

 

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

 

    	19

    	 

    

 

		(a)	In the case of the Bank,

 

First Republic Bank

111 Pine Street

San Francisco, CA 94111

Attention: Tony Sachs

 

with a copy to the General
Counsel at the same address

 

		(b)	In the case of Assignee,

 

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

500 Delaware Avenue,
11th Floor

Wilmington, Delaware,
19801

Attention: Corporate
Trust – Sequoia Mortgage Trust 2012-6

 

		(c)	In the case of Depositor,

 

Sequoia Residential Funding,
Inc.

One Belvedere Place,
Suite 360

Mill Valley, California
94941

Attention: William Moliski

 

with a copy to

 

General Counsel at the
same address

 

		(d)	In the case of Assignor,

 

Redwood Residential Acquisition
Corporation

One Belvedere Place,
Suite 360

Mill Valley, California
94941

Attention: William Moliski

 

with a copy to

 

General Counsel at the
same address

 

		(e)	In the case of Master Servicer,

 

Wells Fargo Bank,
N.A.

9062 Old Annapolis
Road

Columbia, Maryland
21045

Telephone number:
(410) 884-2000

Facsimile number:
(410) 715-2380

Attention: Client
Manager — Sequoia Mortgage Trust 2012-6

 

    	20

    	 

    

 

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

 

Sequoia Mortgage Funding
Corporation

One Belvedere Place,
Suite 360

Mill Valley, California
94941

Attention: William Moliski

 

with a copy to

 

General Counsel at the
same address

 

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

 

17.         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.

 

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

 

19.         This
Agreement shall survive the conveyance of the Mortgage Loans, the assignment of the Sale and Servicing Agreement to the extent
of the Mortgage Loans by Assignor to Depositor and by Depositor to Assignee, and the termination of the Sale and Servicing Agreement.

 

20.         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.

 

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

 

    	21

    	 

    

 

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

 

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

 

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

 

Wells Fargo Bank, N.A.

San Francisco, California

ABA# 121-000-248

Account #3970771416

Account Name: SAS Clearing

FFC: Account #38993800, Sequoia
Mortgage Trust 2012-6 Distribution Account

 

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

 

    	22

    	 

    

 

25.         Helping
Families Act Notice. Assignor hereby requests that the Bank furnish each Mortgagor with the notice described in Subsection
6.04 of the Sale and Servicing Agreement, in the form attached as Exhibit 8 thereto and using Christiana Trust, a division of Wilmington
Savings Fund Society, FSB, as trustee of the Sequoia Mortgage Trust 2012-6 as the investor name, in accordance with the terms of
Subsection 6.04 therein, and the Bank hereby covenants that it shall furnish each Mortgagor with such notice as provided therein.
Assignor and Assignee each agree that it will not send such notices to the Mortgagors.

 

26.         Rule
17g-5 Compliance. The Bank hereby agrees that it shall provide information with respect to the Mortgage Loans or the origination
or servicing thereof to any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) via electronic
mail at rmbs17g5informationprovider@wellsfargo.com, with a subject reference of “SEMT 2012-6” and an identification
of the type of information being provided in the body of such electronic mail. The Securities Administrator, as the initial Rule
17g-5 Information Provider (the “Rule 17g-5 Information Provider”) shall notify the Bank in writing of any change in
the identity or contact information of the Rule 17g-5 Information Provider. The Bank shall have no liability for (i) the Rule 17g-5
Information Provider’s failure to post information provided by it in accordance with the terms of this Agreement or (ii)
any malfunction or disabling of the website maintained by the Rule 17g-5 Information Provider. None of the foregoing restrictions
in this Section 26 prohibit or restrict oral or written communications, or providing information, between the Bank, on the one
hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review
of the ratings it assigns to the Bank, (ii) such Rating Agency’s or NRSRO’s approval of the Bank as a residential mortgage
master, special or primary servicer, or (iii) such Rating Agency’s or NRSRO’s evaluation of the Bank’s servicing
operations in general; provided, however, that the Bank shall not provide any information relating to the Mortgage Loans to such
Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless: (x) borrower, property
or deal specific identifiers are redacted; or (y) such information has already been provided to the Rule 17g-5 Information Provider.

 

    	23

    	 

    

 

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

 

	 	REDWOOD RESIDENTIAL ACQUISITION 

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

Wilmington Savings Fund Society, FSB,
    

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

 

Accepted and agreed to by:

 

	WELLS FARGO BANK, N.A.	 
	Master Servicer	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 

 

Signature Page to Assignment, Assumption
and Recognition Agreement – First Republic (SEMT 2012-6)

 

    	 

    	 

    

 

ATTACHMENT 1

 

MORTGAGE LOAN SCHEDULE

 

 

 

	 	1	2	3	4	5	6	7	8	9	10
	 	Primary
    Servicer	Servicing
    Fee %	Servicing

        Fee—Flatdollar
	Servicing

        Advance

        Methodology
	Originator	Loan
    Group	Loan
    Number	Amortization

        Type
	Lien
    Position	HELOC
    Indicator
	1	1002338	0.002500	 	 	1002338	 	12-482644-2	1	1	0
	2	1002338	0.002500	 	 	1002338	 	12-482687-1	1	1	0
	3	1002338	0.002500	 	 	1002338	 	12-482895-0	1	1	0
	4	1002338	0.002500	 	 	1002338	 	12-483220-0	1	1	0
	5	1002338	0.002500	 	 	1002338	 	12-483234-1	1	1	0
	6	1002338	0.002500	 	 	1002338	 	12-485336-2	1	1	0
	7	1002338	0.002500	 	 	1002338	 	12-485671-2	1	1	0
	8	1002338	0.002500	 	 	1002338	 	12-486392-4	1	1	0
	9	1002338	0.002500	 	 	1002338	 	12-487184-4	1	1	0
	10	1002338	0.002500	 	 	1002338	 	12-487446-7	1	1	0
	11	1002338	0.002500	 	 	1002338	 	12-487901-1	1	1	0
	12	1002338	0.002500	 	 	1002338	 	12-487956-5	1	1	0
	13	1002338	0.002500	 	 	1002338	 	12-488100-9	1	1	0
	14	1002338	0.002500	 	 	1002338	 	12-488175-1	1	1	0
	15	1002338	0.002500	 	 	1002338	 	12-488227-0	1	1	0
	16	1002338	0.002500	 	 	1002338	 	12-488496-1	1	1	0
	17	1002338	0.002500	 	 	1002338	 	12-488529-9	1	1	0
	18	1002338	0.002500	 	 	1002338	 	12-488534-9	1	1	0
	19	1002338	0.002500	 	 	1002338	 	12-488622-2	1	1	0
	20	1002338	0.002500	 	 	1002338	 	12-488735-2	1	1	0
	21	1002338	0.002500	 	 	1002338	 	12-489525-6	1	1	0
	22	1002338	0.002500	 	 	1002338	 	12-489719-5	1	1	0
	23	1002338	0.002500	 	 	1002338	 	12-489725-2	1	1	0
	24	1002338	0.002500	 	 	1002338	 	12-490212-8	1	1	0
	25	1002338	0.002500	 	 	1002338	 	12-490409-0	1	1	0
	26	1002338	0.002500	 	 	1002338	 	12-490433-0	1	1	0
	27	1002338	0.002500	 	 	1002338	 	12-490514-7	1	1	0
	28	1002338	0.002500	 	 	1002338	 	12-490643-4	1	1	0
	29	1002338	0.002500	 	 	1002338	 	12-490870-3	1	1	0
	30	1002338	0.002500	 	 	1002338	 	12-490968-5	1	1	0
	31	1002338	0.002500	 	 	1002338	 	12-490983-4	1	1	0
	32	1002338	0.002500	 	 	1002338	 	12-491193-9	1	1	0
	33	1002338	0.002500	 	 	1002338	 	12-491309-1	1	1	0
	34	1002338	0.002500	 	 	1002338	 	12-491397-6	1	1	0
	35	1002338	0.002500	 	 	1002338	 	12-491476-8	1	1	0
	36	1002338	0.002500	 	 	1002338	 	12-114383-3	1	1	0
	37	1002338	0.002500	 	 	1002338	 	12-487654-6	1	1	0
	38	1002338	0.002500	 	 	1002338	 	12-491510-4	1	1	0

 

	 	11	12	13	14	15	16	17	18	19	20
	 	Loan
    Purpose	Cash
        Out

        Amount
	Total
        Origination

        and
        Discount

        Points
	Covered/High

        Cost
        Loan

        Indicator
	Relocation
        Loan

        Indicator
	Broker
    Indicator	Channel	Escrow
    Indicator	Senior
        Loan

        Amount(s)
	Loan
        Type of

        Most

        Senior
        Lien

	1	7	 	 	 	 	 	1	0	0	 
	2	7	 	 	 	 	 	1	0	0	 
	3	7	 	 	 	 	 	1	0	0	 
	4	3	 	 	 	 	 	1	0	0	 
	5	3	 	 	 	 	 	1	0	0	 
	6	7	 	 	 	 	 	1	0	0	 
	7	9	 	 	 	 	 	1	0	0	 
	8	9	 	 	 	 	 	1	0	0	 
	9	9	 	 	 	 	 	1	0	0	 
	10	7	 	 	 	 	 	1	0	0	 
	11	3	 	 	 	 	 	1	0	0	 
	12	7	 	 	 	 	 	1	0	0	 
	13	7	 	 	 	 	 	1	0	0	 
	14	7	 	 	 	 	 	1	0	0	 
	15	9	 	 	 	 	 	1	0	0	 
	16	7	 	 	 	 	 	1	0	0	 
	17	6	 	 	 	 	 	1	0	0	 
	18	7	 	 	 	 	 	1	0	0	 
	19	7	 	 	 	 	 	1	0	0	 
	20	7	 	 	 	 	 	1	0	0	 
	21	9	 	 	 	 	 	1	0	0	 
	22	9	 	 	 	 	 	1	0	0	 
	23	9	 	 	 	 	 	1	0	0	 
	24	7	 	 	 	 	 	1	0	0	 
	25	7	 	 	 	 	 	1	0	0	 
	26	9	 	 	 	 	 	1	0	0	 
	27	7	 	 	 	 	 	1	4	0	 
	28	9	 	 	 	 	 	1	4	0	 
	29	6	 	 	 	 	 	1	0	0	 
	30	9	 	 	 	 	 	1	0	0	 
	31	7	 	 	 	 	 	1	0	0	 
	32	7	 	 	 	 	 	1	0	0	 
	33	7	 	 	 	 	 	1	0	0	 
	34	6	 	 	 	 	 	1	0	0	 
	35	7	 	 	 	 	 	1	0	0	 
	36	3	 	 	 	 	 	1	0	0	 
	37	3	 	 	 	 	 	1	0	0	 
	38	7	 	 	 	 	 	1	0	0	 

 

	 	21	22	23	24	25	26	27	28	29	30
	 	Hybrid
        Period of

        Most
        Senior Lien

        (in

        months)
	Neg
        Am Limit of

        Most
        Senior Lien
	Junior
        Mortgage

        Balance
	Origination
        Date

        of

        Most
        Senior Lien
	Origination
    Date	Original
        Loan

        Amount
	Original
        Interest

        Rate
	Original

        Amortization

        Term
	Original
        Term to

        Maturity
	First
        Payment

        Date

        of
        Loan

	1	 	 	0.00	 	20120403	1252000.00	0.045000	360	360	20120601
	2	 	 	106600.00	 	20120402	746200.00	0.045000	360	360	20120601
	3	 	 	0.00	 	20120510	920000.00	0.044500	360	360	20120701
	4	 	 	0.00	 	20120919	960000.00	0.041500	360	360	20121101
	5	 	 	0.00	 	20120919	900000.00	0.041500	360	360	20121101
	6	 	 	0.00	 	20120627	768000.00	0.041500	360	360	20120901
	7	 	 	0.00	 	20120619	877500.00	0.047000	360	360	20120801
	8	 	 	200000.00	 	20120712	700000.00	0.044500	360	360	20120901
	9	 	 	0.00	 	20120716	1090000.00	0.041500	360	360	20120901
	10	 	 	0.00	 	20120627	1200000.00	0.042000	360	360	20120901
	11	 	 	500000.00	 	20120815	960000.00	0.041500	360	360	20121001
	12	 	 	0.00	 	20120710	1199200.00	0.040500	360	360	20120901
	13	 	 	0.00	 	20120802	832000.00	0.041000	360	360	20121001
	14	 	 	0.00	 	20120718	1225000.00	0.040000	360	360	20120901
	15	 	 	0.00	 	20120914	675000.00	0.041500	360	360	20121101
	16	 	 	0.00	 	20120724	1548000.00	0.040000	360	360	20121001
	17	 	 	0.00	 	20121002	1300000.00	0.040500	360	360	20121201
	18	 	 	0.00	 	20121004	600000.00	0.042500	360	360	20121201
	19	 	 	0.00	 	20120722	1180000.00	0.042000	360	360	20120901
	20	 	 	0.00	 	20120726	1200000.00	0.040000	360	360	20121001
	21	 	 	800000.00	 	20120822	800000.00	0.040000	360	360	20121001
	22	 	 	100000.00	 	20120913	1270000.00	0.037000	240	240	20121101
	23	 	 	400000.00	 	20120907	1102000.00	0.038000	240	240	20121101
	24	 	 	0.00	 	20120927	1600000.00	0.039000	360	360	20121101
	25	 	 	0.00	 	20121003	680000.00	0.039500	360	360	20121201
	26	 	 	0.00	 	20120912	695000.00	0.036500	240	240	20121101
	27	 	 	0.00	 	20120914	1118000.00	0.039500	360	360	20121101
	28	 	 	0.00	 	20120928	475000.00	0.036500	240	240	20121201
	29	 	 	0.00	 	20120912	1680000.00	0.035000	240	240	20121201
	30	 	 	0.00	 	20120921	960000.00	0.037000	360	360	20121201
	31	 	 	0.00	 	20120906	850000.00	0.039000	360	360	20121101
	32	 	 	0.00	 	20120908	690000.00	0.039500	360	360	20121101
	33	 	 	0.00	 	20120910	785600.00	0.039000	360	360	20121101
	34	 	 	225000.00	 	20120920	828000.00	0.038500	360	360	20121201
	35	 	 	0.00	 	20120912	1080000.00	0.038500	360	360	20121101
	36	 	 	0.00	 	20120914	870000.00	0.034500	240	240	20121101
	37	 	 	0.00	 	20120925	945000.00	0.041500	360	360	20121201
	38	 	 	0.00	 	20120914	1280000.00	0.039000	360	360	20121101

 

	 	31	32	33	34	35	36	37	38	39	40
	 	Interest
        Type

        Indicator
	Original
        Interest

        Only
        Term
	Buy
    Down Period	HELOC
        Draw

        Period
	Current
        Loan

        Amount
	Current
        Interest

        Rate
	Current
        Payment

        Amount
        Due
	Interest
        Paid

        Through
        Date
	Current
        Payment

        Status
	Index
    Type
	1	1	0	0	 	1245367.97	0.045000	6343.70	20121001	0	0
	2	1	0	0	 	742247.28	0.045000	3780.89	20121001	0	0
	3	1	120	0	 	920000.00	0.044500	3411.67	20121001	0	0
	4	1	0	0	 	960000.00	0.041500	4666.59	20121001	0	0
	5	1	0	0	 	900000.00	0.041500	4374.93	20121001	0	0
	6	1	0	0	 	768000.00	0.041500	3733.27	20121001	0	0
	7	1	0	0	 	876385.83	0.047000	4551.05	20121001	0	0
	8	1	120	0	 	700000.00	0.044500	2595.83	20121001	0	0
	9	1	0	0	 	1090000.00	0.041500	5298.53	20121001	0	0
	10	1	120	0	 	1200000.00	0.042000	4200.00	20121001	0	0
	11	1	0	0	 	958653.40	0.041500	4666.59	20121001	0	0
	12	1	0	0	 	1199200.00	0.040500	5759.79	20121001	0	0
	13	1	0	0	 	832000.00	0.041000	4020.21	20121001	0	0
	14	1	0	0	 	1206964.10	0.040000	5848.34	20121001	0	0
	15	1	120	0	 	675000.00	0.041500	2334.38	20121001	0	0
	16	1	0	0	 	1548000.00	0.040000	7390.39	20121001	0	0
	17	1	120	0	 	1300000.00	0.040500	4387.50	20121001	0	0
	18	1	0	0	 	600000.00	0.042500	2951.64	20121001	0	0
	19	1	0	0	 	1180000.00	0.042000	5770.40	20121001	0	0
	20	1	0	0	 	1200000.00	0.040000	5728.98	20121001	0	0
	21	1	0	0	 	800000.00	0.040000	3819.32	20121001	0	0
	22	1	0	0	 	1270000.00	0.037000	7496.68	20121001	0	0
	23	1	0	0	 	1102000.00	0.038000	6562.34	20121001	0	0
	24	1	0	0	 	1600000.00	0.039000	7546.69	20121001	0	0
	25	1	0	0	 	680000.00	0.039500	3226.85	20121001	0	0
	26	1	0	0	 	695000.00	0.036500	4084.50	20121001	0	0
	27	1	0	0	 	1118000.00	0.039500	5305.33	20121001	0	0
	28	1	0	0	 	475000.00	0.036500	2791.56	20121001	0	0
	29	1	0	0	 	1680000.00	0.035000	9743.32	20121001	0	0
	30	1	0	0	 	960000.00	0.037000	4418.72	20121001	0	0
	31	1	0	0	 	850000.00	0.039000	4009.18	20121001	0	0
	32	1	0	0	 	690000.00	0.039500	3274.31	20121001	0	0
	33	1	0	0	 	785600.00	0.039000	3705.43	20121001	0	0
	34	1	0	0	 	828000.00	0.038500	3881.73	20121001	0	0
	35	1	0	0	 	1080000.00	0.038500	5063.13	20121001	0	0
	36	1	0	0	 	870000.00	0.034500	5023.33	20121001	0	0
	37	1	0	0	 	945000.00	0.041500	4593.68	20121001	0	0
	38	1	0	0	 	1280000.00	0.039000	6037.35	20121001	0	0

 

	 	41	42	43	44	45	46	47	48	49	50
	 	ARM
        Look-back

        Days
	Gross
    Margin	ARM
    Round Flag	ARM
        Round

        Factor
	Initial
        Fixed Rate

        Period
	Initial
        Interest

        Rate

        Cap
        (Change

        Up)
	Initial
        Interest

        Rate

        Cap
        (Change

        Down)
	Subsequent

        Interest

        Rate
        Reset

        Period
	Subsequent

        Interest

        Rate
        Cap

        (Change
        Down)
	Subsequent

        Interest

        Rate
        Cap

        (Change

        Up)

	1	 	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 	 	 
	9	 	 	 	 	 	 	 	 	 	 
	10	 	 	 	 	 	 	 	 	 	 
	11	 	 	 	 	 	 	 	 	 	 
	12	 	 	 	 	 	 	 	 	 	 
	13	 	 	 	 	 	 	 	 	 	 
	14	 	 	 	 	 	 	 	 	 	 
	15	 	 	 	 	 	 	 	 	 	 
	16	 	 	 	 	 	 	 	 	 	 
	17	 	 	 	 	 	 	 	 	 	 
	18	 	 	 	 	 	 	 	 	 	 
	19	 	 	 	 	 	 	 	 	 	 
	20	 	 	 	 	 	 	 	 	 	 
	21	 	 	 	 	 	 	 	 	 	 
	22	 	 	 	 	 	 	 	 	 	 
	23	 	 	 	 	 	 	 	 	 	 
	24	 	 	 	 	 	 	 	 	 	 
	25	 	 	 	 	 	 	 	 	 	 
	26	 	 	 	 	 	 	 	 	 	 
	27	 	 	 	 	 	 	 	 	 	 
	28	 	 	 	 	 	 	 	 	 	 
	29	 	 	 	 	 	 	 	 	 	 
	30	 	 	 	 	 	 	 	 	 	 
	31	 	 	 	 	 	 	 	 	 	 
	32	 	 	 	 	 	 	 	 	 	 
	33	 	 	 	 	 	 	 	 	 	 
	34	 	 	 	 	 	 	 	 	 	 
	35	 	 	 	 	 	 	 	 	 	 
	36	 	 	 	 	 	 	 	 	 	 
	37	 	 	 	 	 	 	 	 	 	 
	38	 	 	 	 	 	 	 	 	 	 

 

	 	51	52	53	54	55	56	57	58	59	60
	 	Lifetime

        Maximum

        Rate
        (Ceiling)
	Lifetime

        Minimum

        Rate
        (Floor)
	Negative

        Amortization

        Limit
	Initial
        Negative

        Amortization

        Recast

        Period
	Subsequent

        Negative

        Amortization

        Recast

        Period
	Initial
        Fixed

        Payment
        Period
	Subsequent

        Payment
        Reset

        Period
	Initial
        Periodic

        Payment
        Cap
	Subsequent

        Periodic

        Payment

        Cap
	Initial
        Minimum

        Payment
        Reset

        Period

	1	 	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 	 	 
	9	 	 	 	 	 	 	 	 	 	 
	10	 	 	 	 	 	 	 	 	 	 
	11	 	 	 	 	 	 	 	 	 	 
	12	 	 	 	 	 	 	 	 	 	 
	13	 	 	 	 	 	 	 	 	 	 
	14	 	 	 	 	 	 	 	 	 	 
	15	 	 	 	 	 	 	 	 	 	 
	16	 	 	 	 	 	 	 	 	 	 
	17	 	 	 	 	 	 	 	 	 	 
	18	 	 	 	 	 	 	 	 	 	 
	19	 	 	 	 	 	 	 	 	 	 
	20	 	 	 	 	 	 	 	 	 	 
	21	 	 	 	 	 	 	 	 	 	 
	22	 	 	 	 	 	 	 	 	 	 
	23	 	 	 	 	 	 	 	 	 	 
	24	 	 	 	 	 	 	 	 	 	 
	25	 	 	 	 	 	 	 	 	 	 
	26	 	 	 	 	 	 	 	 	 	 
	27	 	 	 	 	 	 	 	 	 	 
	28	 	 	 	 	 	 	 	 	 	 
	29	 	 	 	 	 	 	 	 	 	 
	30	 	 	 	 	 	 	 	 	 	 
	31	 	 	 	 	 	 	 	 	 	 
	32	 	 	 	 	 	 	 	 	 	 
	33	 	 	 	 	 	 	 	 	 	 
	34	 	 	 	 	 	 	 	 	 	 
	35	 	 	 	 	 	 	 	 	 	 
	36	 	 	 	 	 	 	 	 	 	 
	37	 	 	 	 	 	 	 	 	 	 
	38	 	 	 	 	 	 	 	 	 	 

 

	 	61	62	63	64	65	66	67	68	69	70
	 	Subsequent

        Minimum

        Payment

        Reset
        Period
	Option
        ARM

        Indicator
	Options
        at

        Recast
	Initial
        Minimum

        Payment
	Current
        Minimum

        Payment
	Prepayment

        Penalty

        Calculation
	Prepayment

        Penalty

        Type
	Prepayment

        Penalty

        Total
        Term
	Prepayment

        Penalty

        Hard
        Term
	Primary
        Borrower

        ID

	1	 	 	 	 	 	99	99	60	 	139
	2	 	 	 	 	 	99	99	60	 	212
	3	 	 	 	 	 	99	99	60	 	297
	4	 	 	 	 	 	99	99	60	 	286
	5	 	 	 	 	 	99	99	60	 	286
	6	 	 	 	 	 	99	99	60	 	351
	7	 	 	 	 	 	 	 	0	 	292
	8	 	 	 	 	 	99	99	60	 	14
	9	 	 	 	 	 	99	99	60	 	305
	10	 	 	 	 	 	99	99	60	 	352
	11	 	 	 	 	 	99	99	60	 	313
	12	 	 	 	 	 	99	99	60	 	43
	13	 	 	 	 	 	98	98	60	 	46
	14	 	 	 	 	 	99	99	36	 	241
	15	 	 	 	 	 	99	99	60	 	38
	16	 	 	 	 	 	99	99	60	 	353
	17	 	 	 	 	 	99	99	60	 	50
	18	 	 	 	 	 	99	99	60	 	33
	19	 	 	 	 	 	99	99	60	 	256
	20	 	 	 	 	 	99	99	60	 	235
	21	 	 	 	 	 	98	98	60	 	57
	22	 	 	 	 	 	99	99	60	 	342
	23	 	 	 	 	 	99	99	60	 	310
	24	 	 	 	 	 	99	99	60	 	60
	25	 	 	 	 	 	 	 	0	 	6
	26	 	 	 	 	 	99	99	60	 	301
	27	 	 	 	 	 	 	 	0	 	12
	28	 	 	 	 	 	99	99	60	 	16
	29	 	 	 	 	 	 	 	0	 	61
	30	 	 	 	 	 	99	99	60	 	257
	31	 	 	 	 	 	99	99	60	 	105
	32	 	 	 	 	 	99	99	60	 	282
	33	 	 	 	 	 	99	99	60	 	203
	34	 	 	 	 	 	99	99	60	 	314
	35	 	 	 	 	 	99	99	60	 	133
	36	 	 	 	 	 	99	99	60	 	276
	37	 	 	 	 	 	99	99	60	 	51
	38	 	 	 	 	 	99	99	60	 	293

 

	 	71	72	73	74	75	76	77	78	79	80
	 	Number
        of

        Mortgaged

        Properties
	Total
        Number of

        Borrowers
	Self-employment

        Flag
	Current
        ‘Other’

        Monthly
        Payment
	Length
        of

        Employment:

        Borrower
	Length
        of

        Employment:
        Co-

        Borrower
	Years
    in Home	FICO
        Model

        Used
	Most
        Recent

        FICO

        Date
	Primary
        Wage

        Earner
        Original

        FICO:
        Equifax

	1	2	 	0	 	3	3	0	1	10/22/2012	 
	2	1	 	0	 	7	0	0	1	10/22/2012	 
	3	1	 	0	 	8	0	0	1	10/22/2012	 
	4	8	 	1	 	20	20	0	1	 	 
	5	8	 	1	 	20	20	0	1	 	 
	6	3	 	0	 	4.5	3	0	1	 	 
	7	3	 	1	 	10	2	4	1	 	 
	8	4	 	0	 	3	 	9	1	 	 
	9	1	 	0	 	1	 	1	1	 	 
	10	1	 	0	 	0	11	0	1	 	 
	11	1	 	1	 	21	 	2	1	 	 
	12	1	 	0	 	13	 	0	1	 	 
	13	1	 	0	 	0	 	0	1	 	 
	14	2	 	0	 	0	9	0	1	 	 
	15	1	 	0	 	1	 	0	1	 	 
	16	1	 	0	 	7	12	0	1	 	 
	17	1	 	0	 	8	 	0	1	 	 
	18	3	 	0	 	12	6	0	1	 	 
	19	2	 	0	 	8	 	0	1	 	 
	20	3	 	0	 	3	 	0	1	 	 
	21	1	 	0	 	0.5	5	4	1	 	 
	22	1	 	0	 	11	12	7	1	 	 
	23	1	 	1	 	3	9	1	1	 	 
	24	1	 	0	 	5	 	0	1	 	 
	25	1	 	0	 	0.75	0.75	0	1	 	 
	26	1	 	1	 	20	 	8	1	 	 
	27	1	 	0	 	6	 	0	1	 	 
	28	1	 	0	 	13	 	7	1	 	 
	29	1	 	0	 	13	 	0	1	 	 
	30	2	 	1	 	12	 	0	1	 	 
	31	1	 	0	 	4	 	0	1	 	 
	32	2	 	0	 	1.5	 	0	1	 	 
	33	1	 	0	 	0	 	0	1	 	 
	34	1	 	0	 	21	 	0	1	 	 
	35	1	 	0	 	1.5	6	0	1	 	 
	36	1	 	0	 	2	4.5	2	1	 	 
	37	1	 	0	 	5	11	12	1	 	 
	38	1	 	0	 	10	3.5	0	1	 	 

 

	 	81	82	83	84	85	86	87	88	89	90
	 	Primary
        Wage

        Earner
        Original

        FICO:
        Experian
	Primary
        Wage

        Earner
        Original

        FICO:

        TransUnion
	Secondary
        Wage

        Earner
        Original

        FICO:
        Equifax
	Secondary
        Wage

        Earner
        Original

        FICO:
        Experian
	Secondary
        Wage

        Earner
        Original

        FICO:

        TransUnion
	Original

        Primary
        Borrower

        FICO
	Most
        Recent

        Primary
        Borrower

        FICO
	Most
        Recent Co-

        Borrower
        FICO
	Most
        Recent

        FICO

        Method
	VantageScore:

        Primary
        Borrower

	1	 	 	 	 	 	755	782	 	 	 
	2	 	 	 	 	 	782	769	 	 	 
	3	 	 	 	 	 	777	782	 	 	 
	4	 	 	 	 	 	697	 	 	 	 
	5	 	 	 	 	 	697	 	 	 	 
	6	 	 	 	 	 	790	 	 	 	 
	7	 	 	 	 	 	732	 	 	 	 
	8	 	 	 	 	 	777	 	 	 	 
	9	 	 	 	 	 	767	 	 	 	 
	10	 	 	 	 	 	784	 	 	 	 
	11	 	 	 	 	 	750	 	 	 	 
	12	 	 	 	 	 	787	 	 	 	 
	13	 	 	 	 	 	753	 	 	 	 
	14	 	 	 	 	 	797	 	 	 	 
	15	 	 	 	 	 	801	 	 	 	 
	16	 	 	 	 	 	763	 	 	 	 
	17	 	 	 	 	 	798	 	 	 	 
	18	 	 	 	 	 	799	 	 	 	 
	19	 	 	 	 	 	802	 	 	 	 
	20	 	 	 	 	 	783	 	 	 	 
	21	 	 	 	 	 	725	 	 	 	 
	22	 	 	 	 	 	797	 	 	 	 
	23	 	 	 	 	 	690	 	 	 	 
	24	 	 	 	 	 	794	 	 	 	 
	25	 	 	 	 	 	775	 	 	 	 
	26	 	 	 	 	 	790	 	 	 	 
	27	 	 	 	 	 	762	 	 	 	 
	28	 	 	 	 	 	802	 	 	 	 
	29	 	 	 	 	 	784	 	 	 	 
	30	 	 	 	 	 	789	 	 	 	 
	31	 	 	 	 	 	740	 	 	 	 
	32	 	 	 	 	 	801	 	 	 	 
	33	 	 	 	 	 	761	 	 	 	 
	34	 	 	 	 	 	791	 	 	 	 
	35	 	 	 	 	 	778	 	 	 	 
	36	 	 	 	 	 	790	 	 	 	 
	37	 	 	 	 	 	727	 	 	 	 
	38	 	 	 	 	 	784	 	 	 	 

 

	 	91	92	93	94	95	96	97	98	99	100
	 	VantageScore:

        Co-

        Borrower
	Most
        Recent

        VantageScore

        Method
	VantageScore

        Date
	Credit
        Report:

        Longest
        Trade

        Line
	Credit
        Report:

        Maximum
        Trade

        Line
	Credit
        Report:

        Number
        of Trade

        Lines
	Credit
        Line

        Usage

        Ratio
	Most
        Recent 12-

        month
        Pay

        History
	Months

        Bankruptcy
	Months

        Foreclosure

	1	 	 	 	 	 	 	 	000000000000	 	 
	2	 	 	 	 	 	 	 	000000000000	 	 
	3	 	 	 	 	 	 	 	000000000000	 	 
	4	 	 	 	 	 	 	 	000000000000	 	 
	5	 	 	 	 	 	 	 	000000000000	 	 
	6	 	 	 	 	 	 	 	000000000000	 	 
	7	 	 	 	 	 	 	 	000000000000	 	 
	8	 	 	 	 	 	 	 	000000000000	 	 
	9	 	 	 	 	 	 	 	000000000000	 	 
	10	 	 	 	 	 	 	 	000000000000	 	 
	11	 	 	 	 	 	 	 	000000000000	 	 
	12	 	 	 	 	 	 	 	000000000000	 	 
	13	 	 	 	 	 	 	 	000000000000	 	 
	14	 	 	 	 	 	 	 	000000000000	 	 
	15	 	 	 	 	 	 	 	000000000000	 	 
	16	 	 	 	 	 	 	 	000000000000	 	 
	17	 	 	 	 	 	 	 	000000000000	 	 
	18	 	 	 	 	 	 	 	000000000000	 	 
	19	 	 	 	 	 	 	 	000000000000	 	 
	20	 	 	 	 	 	 	 	000000000000	 	 
	21	 	 	 	 	 	 	 	000000000000	 	 
	22	 	 	 	 	 	 	 	000000000000	 	 
	23	 	 	 	 	 	 	 	000000000000	 	 
	24	 	 	 	 	 	 	 	000000000000	 	 
	25	 	 	 	 	 	 	 	000000000000	 	 
	26	 	 	 	 	 	 	 	000000000000	 	 
	27	 	 	 	 	 	 	 	000000000000	 	 
	28	 	 	 	 	 	 	 	000000000000	 	 
	29	 	 	 	 	 	 	 	000000000000	 	 
	30	 	 	 	 	 	 	 	000000000000	 	 
	31	 	 	 	 	 	 	 	000000000000	 	 
	32	 	 	 	 	 	 	 	000000000000	 	 
	33	 	 	 	 	 	 	 	000000000000	 	 
	34	 	 	 	 	 	 	 	000000000000	 	 
	35	 	 	 	 	 	 	 	000000000000	 	 
	36	 	 	 	 	 	 	 	000000000000	 	 
	37	 	 	 	 	 	 	 	000000000000	 	 
	38	 	 	 	 	 	 	 	000000000000	 	 

 

	 	101	102	103	104	105	106	107	108	109	110
	 	Primary
        Borrower

        Wage
        Income
	Co-Borrower

        Wage

        Income
	Primary
        Borrower

        Other
        Income
	Co-Borrower

        Other

        Income
	All
        Borrower

        Wage

        Income
	All
        Borrower

        Total

        Income
	4506-T
    Indicator	Borrower
        Income

        Verification
        Level
	Co-Borrower

        Income

        Verification
	Borrower

        Employment

        Verification

	1	15000.54	13776.79	0.00	0.00	28777.33	28777.33	0	5	 	2
	2	10833.00	18750.00	0.00	0.00	29583.00	29583.00	0	5	 	2
	3	0.00	0.00	30415.47	0.00	0.00	30415.47	0	5	 	2
	4	141838.00	0.00	0.00	0.00	141838.00	141838.00	0	4	 	2
	5	141838.00	0.00	0.00	0.00	141838.00	141838.00	0	4	 	2
	6	11596.66	12687.50	0.00	0.00	24284.16	24284.16	0	5	 	2
	7	9749.05	6759.00	544.46	0.00	16508.05	17052.51	0	4	 	2
	8	2972.00	0.00	12534.25	0.00	2972.00	15506.25	0	5	 	2
	9	30104.00	0.00	0.00	0.00	30104.00	30104.00	0	5	 	2
	10	10000.00	6049.94	0.00	633.60	16049.94	16683.54	0	5	 	2
	11	0.00	 	21212.00	 	0.00	21212.00	0	4	 	2
	12	30926.00	 	614.00	 	30926.00	31540.00	0	5	 	2
	13	18750.00	 	0.00	 	18750.00	18750.00	0	5	 	2
	14	0.00	0.00	9739.92	22443.00	0.00	32182.92	0	5	 	2
	15	0.00	0.00	27366.00	0.00	0.00	27366.00	0	5	 	2
	16	20833.00	4200.00	12518.00	0.00	25033.00	37551.00	0	5	 	2
	17	38107.00	0.00	0.00	0.00	38107.00	38107.00	0	5	 	2
	18	0.00	0.00	30564.75	10083.34	0.00	40648.09	0	5	 	2
	19	14867.02	 	2114.08	 	14867.02	16981.10	0	5	 	2
	20	14583.34	0.00	1250.00	0.00	14583.34	15833.34	0	5	 	2
	21	0.00	0.00	37416.00	12551.00	0.00	49967.00	0	5	 	2
	22	18033.34	15487.07	0.00	0.00	33520.41	33520.41	0	5	 	2
	23	38734.25	0.00	0.00	0.00	38734.25	38734.25	0	4	 	2
	24	0.00	 	27670.19	 	0.00	27670.19	0	5	 	2
	25	19561.00	0.00	0.00	0.00	19561.00	19561.00	0	5	 	2
	26	0.00	0.00	69473.00	0.00	0.00	69473.00	0	4	 	2
	27	33333.33	 	0.00	 	33333.33	33333.33	0	5	 	2
	28	0.00	 	16629.00	 	0.00	16629.00	0	5	 	2
	29	125000.00	 	0.00	 	125000.00	125000.00	0	5	 	2
	30	0.00	0.00	21985.00	0.00	0.00	21985.00	0	4	 	2
	31	0.00	 	20445.00	 	0.00	20445.00	0	5	 	2
	32	0.00	0.00	13329.00	0.00	0.00	13329.00	0	5	 	2
	33	0.00	 	19915.18	 	0.00	19915.18	0	5	 	2
	34	12648.58	 	2400.00	 	12648.58	15048.58	0	5	 	2
	35	0.00	0.00	15166.00	19000.00	0.00	34166.00	0	5	 	2
	36	16250.00	7222.00	0.00	0.00	23472.00	23472.00	0	5	 	2
	37	0.00	0.00	36997.00	4074.00	0.00	41071.00	0	5	 	2
	38	2774.00	10833.33	14697.50	0.00	13607.33	28304.83	0	5	 	2

 

	 	111	112	113	114	115	116	117	118	119	120
	 	Co-Borrower

        Employment

        Verification
	Borrower
        Asset

        Verification
	Co-Borrower

        Asset

        Verification
	Liquid
        / Cash

        Reserves
	Monthly
        Debt All

        Borrowers
	Originator
    DTI	Fully
        Indexed

        Rate
	Qualification

        Method
	Percentage
        of

        Down

        Payment
        from

        Borrower
        Own

        Funds
	City
	1	 	4	 	66195.93	12830.26	0.4458	 	 	100	SAN FRANCISCO
	2	 	3	 	632475.50	5729.64	0.1937	 	 	100	PIEDMONT
	3	 	4	 	433393.01	4899.93	0.1611	 	 	100	LAFAYETTE
	4	 	3	 	5373337.56	17743.22	0.1251	 	 	 	SAN FRANCISCO
	5	 	4	 	5373337.56	17743.22	0.1251	 	 	 	SAN FRANCISCO
	6	 	3	 	576624.00	8006.61	0.3297	 	 	100	SAN FRANCISCO
	7	 	4	 	924391.59	6559.25	0.3847	 	 	 	PACIFICA
	8	 	3	 	390731.43	6742.12	0.4348	 	 	 	SAN FRANCISCO
	9	 	4	 	147472.89	8080.76	0.2684	 	 	 	ROSS
	10	 	4	 	388352.31	6167.90	0.3697	 	 	100	ALAMO
	11	 	4	 	806540.34	9015.61	0.4250	 	 	 	SAN FRANCISCO
	12	 	4	 	1000649.55	9016.12	0.2859	 	 	0	MILLBRAE
	13	 	4	 	773982.31	7981.16	0.4257	 	 	100	SAN FRANCISCO
	14	 	4	 	594894.17	11170.59	0.3471	 	 	0	LARKSPUR
	15	 	4	 	716953.34	3943.82	0.1441	 	 	 	SCARSDALE
	16	 	4	 	270220.77	11276.08	0.3003	 	 	100	PIEDMONT
	17	 	4	 	1323909.26	8191.52	0.2150	 	 	100	SCARSDALE
	18	 	4	 	1235216.58	17987.23	0.4425	 	 	0	NEW YORK
	19	 	4	 	291364.80	6603.85	0.3889	 	 	100	SAN FRANCISCO
	20	 	4	 	502094.44	6657.14	0.4205	 	 	100	ROSS
	21	 	4	 	1768877.00	15342.62	0.3071	 	 	 	SAN FRANCISCO
	22	 	4	 	421936.01	9492.31	0.2832	 	 	 	LAGUNA BEACH
	23	 	4	 	2154703.74	12555.36	0.3241	 	 	 	MENLO PARK
	24	 	4	 	564480.84	11868.30	0.4289	 	 	0	BOSTON
	25	 	4	 	94039.85	4633.41	0.2369	 	 	100	NEWTON
	26	 	4	 	956833.06	19808.14	0.2851	 	 	 	HILLSBOROUGH
	27	 	4	 	123192.04	8912.93	0.2674	 	 	86.3416	MEDFIELD
	28	 	4	 	50839.77	4482.41	0.2696	 	 	 	Boston
	29	 	4	 	2427202.77	12750.38	0.1020	 	 	100	STUDIO CITY
	30	 	4	 	1759610.60	6644.55	0.3022	 	 	 	SAN DIEGO
	31	 	4	 	962521.00	7919.06	0.3873	 	 	0	MILL VALLEY
	32	 	4	 	371624.37	6235.07	0.4678	 	 	0	LAKE OSWEGO
	33	 	4	 	4525991.59	5025.26	0.2523	 	 	0	SAN FRANCISCO
	34	 	4	 	511435.84	5936.03	0.3945	 	 	100	SAN FRANCISCO
	35	 	4	 	246639.36	12105.05	0.3543	 	 	0	WALNUT CREEK
	36	 	4	 	77800.00	6859.62	0.2922	 	 	 	PALO ALTO
	37	 	4	 	84432.00	6957.39	0.1694	 	 	 	San Francisco
	38	 	4	 	254440.61	10364.66	0.3662	 	 	100	ORINDA

 

	 	121	122	123	124	125	126	127	128	129	130
	 	State	Postal
    Code	Property
    Type	Occupancy	Sales
    Price	Original

        Appraised

        Property
        Value
	Original
        Property

        Valuation
        Type
	Original
        Property

        Valuation
        Date
	Original

        Automated

        Valuation
        Model

        (AVM)
        Model

        Name
	Original
        AVM

        Confidence

        Score

	1	CA	94103	3	1	1565000.00	1575000.00	3	20120323	 	 
	2	CA	94610	1	1	1066000.00	1070000.00	3	20120323	 	 
	3	CA	94549	1	1	1150000.00	1150000.00	3	20120413	 	 
	4	CA	94123	13	3	 	1600000.00	3	20120509	 	 
	5	CA	94117	13	3	 	1500000.00	3	20120509	 	 
	6	CA	94118	1	1	960000.00	960000.00	3	20120510	 	 
	7	CA	94044	1	1	 	1170000.00	3	20120601	 	 
	8	CA	94121	14	1	 	1700000.00	3	20120606	 	 
	9	CA	94957	1	1	 	1380000.00	3	20120615	 	 
	10	CA	94507	1	1	1949500.00	1950000.00	3	20120621	 	 
	11	CA	94121	1	1	 	1900000.00	3	20120718	 	 
	12	CA	94030	1	1	1499000.00	1499000.00	3	20120703	 	 
	13	CA	94105	4	1	1040000.00	1040000.00	3	20120702	 	 
	14	CA	94939	1	1	1725000.00	1725000.00	3	20120706	 	 
	15	NY	10583	1	1	 	1000000.00	3	20120718	 	 
	16	CA	94611	1	1	1935000.00	1950000.00	3	20120717	 	 
	17	NY	10583	1	1	1625000.00	1640000.00	3	20120809	 	 
	18	NY	10021	2	3	1300000.00	1300000.00	3	20120724	 	 
	19	CA	94118	14	1	1475000.00	1475000.00	3	20120531	 	 
	20	CA	94957	1	1	1500000.00	1500000.00	3	20120718	 	 
	21	CA	94107	1	1	 	2100000.00	3	20120808	 	 
	22	CA	92651	1	1	 	2250000.00	3	20120820	 	 
	23	CA	94025	1	1	 	3100000.00	3	20120813	 	 
	24	MA	02116	4	1	2000000.00	2000000.00	3	20120820	 	 
	25	MA	02466	1	1	850000.00	850000.00	3	20120821	 	 
	26	CA	94010	1	1	 	3500000.00	3	20120823	 	 
	27	MA	02052	1	1	1418000.00	1418000.00	3	20120820	 	 
	28	MA	02116	4	1	 	700000.00	3	20120823	 	 
	29	CA	91604	1	1	2100000.00	2100000.00	3	20120825	 	 
	30	CA	92131	7	1	 	1450000.00	3	20120829	 	 
	31	CA	94941	1	1	2500000.00	2500000.00	3	20120824	 	 
	32	OR	97034	1	1	1430000.00	1430000.00	3	20120828	 	 
	33	CA	94103	3	1	982000.00	982000.00	3	20120904	 	 
	34	CA	94115	13	1	1528000.00	1530000.00	3	20120831	 	 
	35	CA	94561	1	1	1350000.00	1350000.00	3	20120905	 	 
	36	CA	94306	1	1	 	1500000.00	3	20120625	 	 
	37	CA	94121	1	1	 	1350000.00	3	20120904	 	 
	38	CA	94563	6	1	1600000.00	1600000.00	3	20120905	 	 

 

	 	131	132	133	134	135	136	137	138	139	140
	 	Most
        Recent

        Property
        Value2
	Most
        Recent

        Property

        Valuation

        Type
	Most
        Recent

        Property

        Valuation

        Date
	Most
        Recent

        AVM

        Model
        Name
	Most
        Recent

        AVM

        Confidence

        Score
	Original
    CLTV	Original
    LTV	Original
        Pledged

        Assets
	Mortgage

        Insurance

        Company
        Name
	Mortgage

        Insurance

        Percent

	1	 	 	 	 	 	0.8000	0.8000	0	0	0
	2	 	 	 	 	 	0.8000	0.7000	0	0	0
	3	 	 	 	 	 	0.8000	0.8000	0	0	0
	4	 	 	 	 	 	0.6000	0.6000	0	0	0
	5	 	 	 	 	 	0.6000	0.6000	0	0	0
	6	 	 	 	 	 	0.8000	0.8000	0	0	0
	7	 	 	 	 	 	0.7500	0.7500	0	0	0
	8	 	 	 	 	 	0.5294	0.4117	0	0	0
	9	 	 	 	 	 	0.7898	0.7898	0	0	0
	10	 	 	 	 	 	0.6155	0.6155	0	0	0
	11	 	 	 	 	 	0.7684	0.5052	0	0	0
	12	 	 	 	 	 	0.8000	0.8000	0	0	0
	13	 	 	 	 	 	0.8000	0.8000	0	0	0
	14	 	 	 	 	 	0.7101	0.7101	0	0	0
	15	 	 	 	 	 	0.6750	0.6750	0	0	0
	16	 	 	 	 	 	0.8000	0.8000	0	0	0
	17	 	 	 	 	 	0.8000	0.8000	0	0	0
	18	 	 	 	 	 	0.4615	0.4615	0	0	0
	19	 	 	 	 	 	0.8000	0.8000	0	0	0
	20	 	 	 	 	 	0.8000	0.8000	0	0	0
	21	 	 	 	 	 	0.7619	0.3809	0	0	0
	22	 	 	 	 	 	0.6088	0.5644	0	0	0
	23	 	 	 	 	 	0.4845	0.3554	0	0	0
	24	 	 	 	 	 	0.8000	0.8000	0	0	0
	25	 	 	 	 	 	0.8000	0.8000	0	0	0
	26	 	 	 	 	 	0.1985	0.1985	0	0	0
	27	 	 	 	 	 	0.7884	0.7884	0	0	0
	28	 	 	 	 	 	0.6785	0.6785	0	0	0
	29	 	 	 	 	 	0.8000	0.8000	0	0	0
	30	 	 	 	 	 	0.6620	0.6620	0	0	0
	31	 	 	 	 	 	0.3400	0.3400	0	0	0
	32	 	 	 	 	 	0.4825	0.4825	0	0	0
	33	 	 	 	 	 	0.8000	0.8000	0	0	0
	34	 	 	 	 	 	0.6891	0.5418	0	0	0
	35	 	 	 	 	 	0.8000	0.8000	0	0	0
	36	 	 	 	 	 	0.5800	0.5800	0	0	0
	37	 	 	 	 	 	0.7000	0.7000	0	0	0
	38	 	 	 	 	 	0.8000	0.8000	0	0	0

 

	 	141	142	143	144	145	146	147	148	149	150
	 	MI:
        Lender or

        Borrower
        Paid?
	Pool
        Insurance

        Co.

        Name
	Pool
        Insurance

        Stop

        Loss
        %
	MI
        Certificate

        Number
	Updated
        DTI

        (Front-end)
	Updated
        DTI

        (Back-end)
	Modification

        Effective

        Payment

        Date
	Total
        Capitalized

        Amount
	Total
        Deferred

        Amount
	Pre-Modification

        Interest
        (Note)

        Rate

	1	 	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 	 	 
	9	 	 	 	 	 	 	 	 	 	 
	10	 	 	 	 	 	 	 	 	 	 
	11	 	 	 	 	 	 	 	 	 	 
	12	 	 	 	 	 	 	 	 	 	 
	13	 	 	 	 	 	 	 	 	 	 
	14	 	 	 	 	 	 	 	 	 	 
	15	 	 	 	 	 	 	 	 	 	 
	16	 	 	 	 	 	 	 	 	 	 
	17	 	 	 	 	 	 	 	 	 	 
	18	 	 	 	 	 	 	 	 	 	 
	19	 	 	 	 	 	 	 	 	 	 
	20	 	 	 	 	 	 	 	 	 	 
	21	 	 	 	 	 	 	 	 	 	 
	22	 	 	 	 	 	 	 	 	 	 
	23	 	 	 	 	 	 	 	 	 	 
	24	 	 	 	 	 	 	 	 	 	 
	25	 	 	 	 	 	 	 	 	 	 
	26	 	 	 	 	 	 	 	 	 	 
	27	 	 	 	 	 	 	 	 	 	 
	28	 	 	 	 	 	 	 	 	 	 
	29	 	 	 	 	 	 	 	 	 	 
	30	 	 	 	 	 	 	 	 	 	 
	31	 	 	 	 	 	 	 	 	 	 
	32	 	 	 	 	 	 	 	 	 	 
	33	 	 	 	 	 	 	 	 	 	 
	34	 	 	 	 	 	 	 	 	 	 
	35	 	 	 	 	 	 	 	 	 	 
	36	 	 	 	 	 	 	 	 	 	 
	37	 	 	 	 	 	 	 	 	 	 
	38	 	 	 	 	 	 	 	 	 	 

 

	 	151	152	153	154	155	156	157	158	159	160
	 	Pre-Modification

        P&I

        Payment
	Pre-Modification

        Initial
        Interest

        Rate

        Change

        Downward

        Cap
	Pre-Modification

        Subsequent

        Interest

        Rate
        Cap
	Pre-Modification

        Next
        Interest

        Rate

        Change
        Date
	Pre-Modification

        I/O

        Term
	Forgiven

        Principal

        Amount
	Forgiven
        Interest

        Amount
	Number
        of

        Modifications
	Cash
        To/From

        Brrw
        at Closing
	Brrw
        - Yrs at in

        Industry

	1	 	 	 	 	 	 	 	 	 	6
	2	 	 	 	 	 	 	 	 	 	14
	3	 	 	 	 	 	 	 	 	 	8
	4	 	 	 	 	 	 	 	 	 	20
	5	 	 	 	 	 	 	 	 	 	20
	6	 	 	 	 	 	 	 	 	 	10
	7	 	 	 	 	 	 	 	 	 	20
	8	 	 	 	 	 	 	 	 	 	3
	9	 	 	 	 	 	 	 	 	 	16
	10	 	 	 	 	 	 	 	 	 	16
	11	 	 	 	 	 	 	 	 	 	21
	12	 	 	 	 	 	 	 	 	 	20
	13	 	 	 	 	 	 	 	 	 	3
	14	 	 	 	 	 	 	 	 	 	10
	15	 	 	 	 	 	 	 	 	 	23
	16	 	 	 	 	 	 	 	 	 	22
	17	 	 	 	 	 	 	 	 	 	17
	18	 	 	 	 	 	 	 	 	 	38
	19	 	 	 	 	 	 	 	 	 	14
	20	 	 	 	 	 	 	 	 	 	10
	21	 	 	 	 	 	 	 	 	 	15
	22	 	 	 	 	 	 	 	 	 	17
	23	 	 	 	 	 	 	 	 	 	10
	24	 	 	 	 	 	 	 	 	 	5
	25	 	 	 	 	 	 	 	 	 	2
	26	 	 	 	 	 	 	 	 	 	20
	27	 	 	 	 	 	 	 	 	 	6
	28	 	 	 	 	 	 	 	 	 	13
	29	 	 	 	 	 	 	 	 	 	15
	30	 	 	 	 	 	 	 	 	 	12
	31	 	 	 	 	 	 	 	 	 	16
	32	 	 	 	 	 	 	 	 	 	18
	33	 	 	 	 	 	 	 	 	 	0
	34	 	 	 	 	 	 	 	 	 	21
	35	 	 	 	 	 	 	 	 	 	14
	36	 	 	 	 	 	 	 	 	 	11
	37	 	 	 	 	 	 	 	 	 	19
	38	 	 	 	 	 	 	 	 	 	16

 

	 	161	162	163	164	165	166	167
	 	CoBrrw
        - Yrs at

        in
        Industry
	Junior
        Mortgage

        Drawn
        Amount
	Maturity
    Date	Primary
        Borrower

        Wage
        Income

        (Salary)
	Primary
        Borrower

        Wage
        Income

        (Bonus)
	Primary
        Borrower

        Wage
        Income

        (Commission)
	Co-Borrower

        Wage
        Income (Salary)

	1	10	0.00	20420501	15000.54	0.00	0.00	13776.79
	2	8	106600.00	20420501	10833.00	0.00	0.00	18750.00
	3	0	0.00	20420601	0.00	0.00	0.00	0.00
	4	20	0.00	20421001	141838.00	0.00	0.00	0.00
	5	20	0.00	20421001	141838.00	0.00	0.00	0.00
	6	13	0.00	20420801	11596.66	0.00	0.00	12687.50
	7	12	0.00	20420701	9749.05	0.00	0.00	6759.00
	8	 	200000.00	20420801	2972.00	0.00	0.00	0.00
	9	 	0.00	20420801	30104.00	0.00	0.00	0.00
	10	14	0.00	20420801	10000.00	0.00	0.00	6049.94
	11	 	500000.00	20420901	0.00	0.00	0.00	0.00
	12	 	0.00	20420801	30926.00	0.00	0.00	0.00
	13	 	0.00	20420901	18750.00	0.00	0.00	0.00
	14	13	0.00	20420801	0.00	0.00	0.00	0.00
	15	 	0.00	20421001	0.00	0.00	0.00	0.00
	16	12	0.00	20420901	20833.00	12518.00	0.00	4200.00
	17	 	0.00	20421101	38107.00	0.00	0.00	0.00
	18	36	0.00	20421101	0.00	0.00	0.00	0.00
	19	 	0.00	20420801	14867.02	2114.08	0.00	0.00
	20	 	0.00	20420901	14583.34	0.00	0.00	0.00
	21	5	523132.30	20420901	0.00	0.00	0.00	0.00
	22	25	100000.00	20321001	18033.34	0.00	0.00	15487.07
	23	9	75000.00	20321001	38734.25	0.00	0.00	0.00
	24	 	0.00	20421001	0.00	0.00	0.00	0.00
	25	7	0.00	20421101	19561.00	0.00	0.00	0.00
	26	 	0.00	20321001	0.00	0.00	0.00	0.00
	27	 	0.00	20421001	33333.33	0.00	0.00	0.00
	28	 	0.00	20321101	0.00	0.00	0.00	0.00
	29	 	0.00	20321101	125000.00	0.00	0.00	0.00
	30	 	0.00	20421101	0.00	0.00	0.00	0.00
	31	 	0.00	20421001	0.00	0.00	0.00	0.00
	32	 	0.00	20421001	0.00	0.00	0.00	0.00
	33	 	0.00	20421001	0.00	0.00	0.00	0.00
	34	 	225000.00	20421101	12648.58	0.00	0.00	0.00
	35	12	0.00	20421001	0.00	0.00	0.00	0.00
	36	8.5	0.00	20321001	16250.00	0.00	0.00	7222.00
	37	17	0.00	20421101	0.00	0.00	0.00	0.00
	38	11	0.00	20421001	2774.00	14697.50	0.00	10833.33

 

	 	168	169	170	171	172
	 	Co-Borrower

        Wage
        Income

        (Bonus)
	Co-Borrower

        Wage
        Income

        (Commission)
	Originator
        Doc

        Code
	RWT
        Income

        Verification
	RWT
        Asset

        Verification

	1	0.00	0.00	Full	Two Years	Two Months
	2	0.00	0.00	Full	Two Years	One Month
	3	0.00	0.00	Full	Two Years	Two Months
	4	0.00	0.00	Full	Two Years	One Month
	5	0.00	0.00	Full	Two Years	Two Months
	6	0.00	0.00	Full	Two Years	One Month
	7	0.00	0.00	Full	Two Years	Two Months
	8	0.00	0.00	Full	Two Years	One Month
	9	0.00	0.00	Full	Two Years	Two Months
	10	0.00	0.00	Full	Two Years	Two Months
	11	0.00	0.00	Full	Two Years	Two Months
	12	0.00	0.00	Full	Two Years	Two Months
	13	0.00	0.00	Full	Two Years	Two Months
	14	0.00	0.00	Full	Two Years	Two Months
	15	0.00	0.00	Full	Two Years	Two Months
	16	0.00	0.00	Full	Two Years	Two Months
	17	0.00	0.00	Full	Two Years	Two Months
	18	0.00	0.00	Full	Two Years	Two Months
	19	0.00	0.00	Full	Two Years	Two Months
	20	0.00	0.00	Full	Two Years	Two Months
	21	0.00	0.00	Full	Two Years	Two Months
	22	0.00	0.00	Full	Two Years	Two Months
	23	0.00	0.00	Full	Two Years	Two Months
	24	0.00	0.00	Full	Two Years	Two Months
	25	0.00	0.00	Full	Two Years	Two Months
	26	0.00	0.00	Full	Two Years	Two Months
	27	0.00	0.00	Full	Two Years	Two Months
	28	0.00	0.00	Full	Two Years	Two Months
	29	0.00	0.00	Full	Two Years	Two Months
	30	0.00	0.00	Full	Two Years	Two Months
	31	0.00	0.00	Full	Two Years	Two Months
	32	0.00	0.00	Full	Two Years	Two Months
	33	0.00	0.00	Full	Two Years	Two Months
	34	0.00	0.00	Full	Two Years	Two Months
	35	0.00	0.00	Full	Two Years	Two Months
	36	0.00	0.00	Full	Two Years	Two Months
	37	0.00	0.00	Full	Two Years	Two Months
	38	0.00	0.00	Full	Two Years	Two Months

 

    	 

    	 

    
  

ASF RMBS DISCLOSURE PACKAGE

 

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in the U.S. securitization market advocate their common interests on important legal, regulatory and market practice issues.
ASF members include over 380 firms, including issuers, investors, servicers, financial intermediaries, rating agencies, financial
guarantors, legal and accounting firms, and other professional organizations involved in securitization transactions. The
ASF also provides information, education and training on a range of securitization market issues and topics through industry
conferences, seminars and similar initiatives. For more information about ASF, its members and activities, please go to www.americansecuritization.com.

 

	Field
                                                                                                                                                                                                                       

        Number
	Field
    Name	Field
    Description	Type
                                                                                                                                     of
                                                                                                                                     

        Field
	Data
    Type	Sample
    Data	Format	When
                                                                                                                                     

        Applicable?
	Valid
    Values	Proposed
                                                                                                                                     

        Unique
        

        Coding
	Notes
	1	Primary
    Servicer	The MERS
    Organization ID of the company that has or will have the right to service the loan.	General
    Information	Numeric
    – Integer	2351805	9(7)	Always	“9999999”
    if Unknown		
	2	Servicing
    Fee—Percentage	Aggregate
    monthly fee paid to all servicers, stated in decimal form.	General
    Information	Numeric
    - Decimal	0.0025	9.999999	Loans
    without flat-dollar servicing fees	>=
    0 and < 1		Must
    be populated if Field 3 is Null
	3	Servicing
    Fee—Flat-dollar	Aggregate
    monthly fee paid to all servicers, stated as a dollar amount.	General
    Information	Numeric
    – Decimal	7.5	9(3).99	Loans
    with flat-dollar servicing fees	>=
                                                                                        0 and

        <=
        999
		Must
    be populated if 2 is Null
	4	Servicing
    Advance Methodology	The manner
    in which principal and/or interest are to be advanced by the servicer.	General
    Information	Numeric
    – Integer	2	99	Always	See
    Coding	1
                                                                                        = Scheduled Interest, Scheduled Principal

        2 = Actual Interest, Actual
        Principal

        3 = Scheduled Interest,
        Actual Principal

        99 = Unknown
	
	5	Originator	The MERS
    Organization ID of the entity that lends funds to the borrower and, in return, places a lien on the mortgage property as collateral.	General
    Information	Numeric
    – Integer	5938671	9(7)	Always	“9999999”
    if Unknown		
	6	Loan
    Group	Indicates
    the collateral group number in which the loan falls (for structures with multiple collateral groups). Use “1”
    if there is only one loan group.	General
    Information	Text	1A	XXXX	Always	“UNK”
    if Unknown		
	7	Loan
    Number	Unique National
    Mortgage Loan ID Number (Vendor TBD).	General
    Information	Numeric
    – Integer	TBD	TBD	Always	TBD		Details
    to be provided by Vendor
	8	Amortization
    Type	Indicates
    whether the loan’s interest rate is fixed or adjustable (Hybrid ARMs are adjustable).	Loan
    Type	Numeric
    – Integer	2	99	Always	See
    Coding	1
                                                                                        = Fixed

        2 = Adjustable

        99 = Unknown
	
	9	Lien
    Position	A number
    indicating the loan’s lien position (1 = first lien, etc.).	Loan
    Type	Numeric
    – Integer	1	99	Always	>0	99 = Unknown	
	10	HELOC
    Indicator	Indicates
    whether the loan is a home equity line of credit.	Loan
    Type	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                        = No

        1 = Yes

        99 = Unknown
	
	11	Loan
    Purpose	Indicates
    the purpose of the loan.	Loan
    Type	Numeric
    – Integer	9	99	Always	See
    Coding	See
    Appendix A	
	12	Cash
    Out Amount	Cash Out
    Amount: [New Loan] – [PIF Prior First Lien] – [Payoff of all Seasoned Seconds] – [Closing Costs] –
    [Prepays]
 
 For delayed purchases (refinances on homes purchased < 12 months prior to the mortgage application)
    with cash) Cash Out Amount = 0.	Loan
    Type	Numeric
    – Decimal	72476.5	9(10).99	Always	>=
    0		
	13	Total
    Origination and Discount Points (in dollars)	Amount paid
    to the lender to increase the lender’s effective yield and, in the case of discount points, to reduce the interest rate
    paid by the borrower.	Loan
    Type	Numeric
    – Decimal	5250	9(10).99	Always	>=
    0		Typically
    Lines 801 and 802 of HUD Settlement Statement
	14	Covered/High
    Cost Loan Indicator	Indicates
    whether the loan is categorized as “high cost” or “covered” according to state or federal statutes
    or regulations.	Loan
    Type	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                        = No

        1 = Yes

        99 = Unknown
	
	15	Relocation
    Loan Indicator	Indicates
    whether the loan is part of a corporate relocation program.	Loan
    Type	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                        = No

        1 = Yes

        99 = Unknown
	
	16	Broker
    Indicator	Indicates
    whether a broker took the application.	Loan
    Type	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                        = No

        1 = Yes

        99 = Unknown
	
	17	Channel	Code indicating
    the source (channel) from which the Issuer obtained the mortgage loan.	Loan
    Type	Numeric
    – Integer	2	99	Always	See
    Coding	1
                                                                                        = Retail

        2 = Broker

        3 = Correspondent Bulk

        4 = Correspondent Flow
        with delegated underwriting

        5 = Correspondent Flow
        without delegated underwriting

        99 = Unknown
	
	18	Escrow
    Indicator	Indicates
    whether various homeownership expenses are paid by the borrower directly or through an escrow account (as of securitization
    cut-off date).	Loan
    Type	Numeric
    – Integer	3	99	Always	See
    Coding	0
                                                                                        = No Escrows

        1 = Taxes

        2 = Insurance

        3 = HOA dues

        4 = Taxes and Insurance

        5 = All

        99 =Unknown
	
	19	Senior
    Loan Amount(s)	For non-first
    mortgages, the sum of the balances of all associated senior mortgages at the time of origination of the subordinate lien.	Mortgage
    Lien Info	Numeric
    – Decimal	611004.25	9(10).99	If
    Lien Position > 1	>=
    0		
	20	Loan
    Type of Most Senior Lien	For non-first
    mortgages, indicates whether the associated first mortgage is a Fixed, ARM, Hybrid, or negative amortization loan.	Mortgage
    Lien Info	Numeric
    – Integer	2	99	If
    Lien Position > 1	See
    Coding	1
                                                                                        = Fixed Rate

        2 = ARM

        3 = Hybrid

        4 = Neg Am

        99 = Unknown
	
	21	Hybrid
    Period of Most Senior Lien (in months)	For non-first
    mortgages where the associated first mortgage is a hybrid ARM, the number of months remaining in the initial fixed interest
    rate period for the hybrid first mortgage.	Mortgage
    Lien Info	Numeric
    – Integer	23	999	If
                                                                                        Lien Position > 1

        AND
        the most senior lien is a hybrid ARM (see Field 20)
	>=
    0		
	22	Neg
    Am Limit of Most Senior Lien	For non-first
    mortgages where the associated first mortgage features negative amortization, the maximum percentage by which the negatively
    amortizing balance may increase (expressed as a proportion of the senior lien’s original balance).	Mortgage
    Lien Info	Numeric
    – Decimal	1.25	9.999999	If
                                                                                        Lien Position > 1

        AND
        the senior lien is Neg Am (see Field 20)
	>=
    1 and <= 2		
	23	Junior
    Mortgage Balance	For first
    mortgages with subordinate liens at the time of origination, the combined balance of the subordinate liens (if known).	Mortgage
    Lien Info	Numeric
    – Decimal	51775.12	9(10).99	If
    Lien Position = 1 and there is a 2nd lien on the subject property	>=
    0		Subject
    to Regulatory Confirmation
	24	Origination
    Date of Most Senior Lien	For non-first
    mortgages, the origination date of the associated first mortgage.	Mortgage
    Lien Info	Date	20090914	YYYYMMDD	If
    Lien Position > 1 and there is a 2nd lien on the subject property	“19010101”
    if unknown		
	25	Origination
    Date	The date
    of the Mortgage Note and Mortgage/Deed of Trust	Loan
    Term and Amortization Type	Date	20090914	YYYYMMDD	Always	“19010101”
    if unknown		
	26	Original
    Loan Amount	The dollar
    amount of the mortgage loan, as specified on the mortgage note at the time of the loan’s origination. For HELOCs, the
    maximum available line of credit.	Loan
    Term and Amortization Type	Numeric
    – Decimal	150000	9(10).99	Always	>0		
	27	Original
    Interest Rate	The original
    note rate as indicated on the mortgage note.	Loan
    Term and Amortization Type	Numeric
    – Decimal	0.0475	9.999999	Always	>
    0 and <= 1		
	28	Original
    Amortization Term	The number
    of months in which the loan would be retired if the amortizing principal and interest payment were to be paid each month.	Loan
    Term and Amortization Type	Numeric
    – Integer	360	999	Always	>=
    60		
	29	Original
    Term to Maturity	The initial
    number of months between loan origination and the loan maturity date, as specified on the mortgage note.	Loan
    Term and Amortization Type	Numeric
    – Integer	60	999	Always	>0	N/A	
	30	First
    Payment Date of Loan	The date
    of the first scheduled mortgage payment to be made by the borrower as specified on the mortgage note.	Loan
    Term and Amortization Type	Date	20090914	YYYYMMDD	Always	“19010101”
    if unknown	N/A	
	31	Interest
    Type Indicator	Indicates
    whether the interest rate calculation method is simple or actuarial.	Loan
    Term and Amortization Type	Numeric
    – Integer	2	99	Always	See
    Coding	1=
                                                                                        Simple

        2 = Actuarial

        99 = Unknown
	
	32	Original
    Interest Only Term	Original
    interest-only term for a loan in months (including NegAm Loans).	Loan
    Term and Amortization Type	Numeric
    – Integer	60	999	Always	>=
                                                                                        0 and <= 240

        Unknown
        = Blank;

        No
        Interest Only Term = 0
		
	33	Buy
    Down Period	The total
    number of months during which any buy down is in effect, representing the accumulation of all buy down periods.	Loan
    Term and Amortization Type	Numeric
    – Integer	65	999	Always	>=
                                                                                        0 and <= 100

        Unknown
        = Blank;

        No
        Buy Down = 0
		
	34	HELOC
    Draw Period	The original
    number of months during which the borrower may draw funds against the HELOC account.	Loan
    Term and Amortization Type	Numeric
    – Integer	24	999	HELOCs
    Only	>=
    12 and <= 120		
	35	Scheduled
    Loan Amount	Mortgage
    loan scheduled principal balance as of cut-off date. For HELOCs, the current drawn amount.	Loan
    Term and Amortization Type	Numeric
    – Decimal	248951.19	9(10).99	Always	>=
    0		
	36	Current
    Interest Rate	The interest
    rate used to calculate the current P&I or I/O payment.	Loan
    Term and Amortization Type	Numeric
    – Decimal	0.05875	9.999999	Always	>
    0 and <= 1		
	37	Current
    Payment Amount Due	Next Total
    Payment due to be collected (including principal, interest or both—but Exclude Escrow Amounts).	Loan
    Term and Amortization Type	Numeric
    – Decimal	1250.15	9(10).99	Always	>
    0		
	38	Scheduled
    Interest Paid
 Through Date		Loan
    Term and Amortization Type	Date	20090429	YYYYMMDD	Always	“19010101”
    if unknown		
	39	Current
    Payment Status	Number of
    payments the borrower is past due as of the securitization cut-off date.	Loan
    Term and Amortization Type	Numeric
    – Integer	3	99	Always	>=
    0		
	40	Index
    Type	Specifies
    the type of index to be used to determine the interest rate at each adjustment.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	18	99	ARMs
    Only	See
    Coding	See
    Appendix B	
	41	ARM
    Look-back Days	The number
    of days prior to the interest rate adjustment date to retrieve the index value.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	45	99	ARMs
    Only	>=
    0 to <=99		
	42	Gross
    Margin	The percentage
    stated on the mortgage note representing the spread between the ARM Index value and the mortgage interest rate. The gross
    mortgage margin is added to the index value to establish a new gross interest rate in the manner prescribed on the mortgage
    note.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.03	9.999999	ARMs
    Only	>0
    and <= 1		
	43	ARM
    Round Flag	An indicator
    of whether an adjusted interest rate is rounded to the next higher ARM round factor, to the next lower round factor, or to
    the nearest round factor.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	3	9	ARMs
    Only	See
    Coding	0
                                                                                        = No Rounding

        1 = Up

        2 = Down

        3 = Nearest

        99=Unknown
	
	44	ARM
    Round Factor	The percentage
    to which an adjusted interest rate is to be rounded.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.0025
    or 0.00125	9.999999	ARMs
                                                                                        Only

        Where
        ARM Round Flag = 1, 2, or 3
	>=
    0 and < 1		
	45	Initial
    Fixed Rate Period	For hybrid
    ARMs, the period between the first payment date of the mortgage and the first interest rate adjustment date.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	60	999	Hybrid
    ARMs Only	>=
    1 to <=240		
	46	Initial
    Interest Rate Cap (Change Up)	The maximum
    percentage by which the mortgage note rate may increase at the first interest rate adjustment date.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.02	9.999999	ARMs
    Only	>=
    0 and <= 1	99=no cap	
	47	Initial
    Interest Rate Cap (Change Down)	The maximum
    percentage by which the mortgage note rate may decrease at the first interest rate adjustment date.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.02	9.999999	ARMs
    Only	>=
    0 and <= 1	99=no cap	
	48	Subsequent
    Interest Rate Reset Period	The number
    of months between subsequent rate adjustments.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	60	999	ARMs
    Only	>=0
    and <= 120		0
    = Loan does not adjust after initial reset
	49	Subsequent
    Interest Rate (Change Down)	The maximum
    percentage by which the interest rate may decrease at each rate adjustment date after the initial adjustment.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.02	9.999999	ARMs
    Only	>=
    0 and <= 1	99=no cap	
	50	Subsequent
    Interest Rate Cap (Change Up)	The maximum
    percentage by which the interest rate may increase at each rate adjustment date after the initial adjustment.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.02	9.999999	ARMs
    Only	>=
    0 and <= 1	99=no cap	
	51	Lifetime
    Maximum Rate (Ceiling)	The maximum
    interest rate that can be in effect during the life of the loan.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.125	9.999999	ARMs
    Only	>=
    0 and <= 1		=1
    if no ceiling specified
	52	Lifetime
    Minimum Rate (Floor)	The minimum
    interest rate that can be in effect during the life of the loan.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.015	9.999999	ARMs
    Only	>=
    0 and <= 1		If
    no floor is specified enter the greater of the margin or 0.
	53	Negative
    Amortization Limit	The maximum
    amount of negative amortization allowed before recast is required. (Expressed as a percentage of the original unpaid principal
    balance.)	Negative
    Amortization	Numeric
    – Decimal	1.25	9.999999	Negatively
    Amortizing ARMs Only	>=0,
    and <2		
	54	Initial
    Negative Amortization Recast Period	The number
    of months in which the payment is required to recast if the loan does not reach the prescribed maximum balance earlier.	Negative
    Amortization	Numeric
    – Integer	60	999	Negatively
    Amortizing ARMs Only	>=0		
	55	Subsequent
    Negative Amortization Recast Period	The number
    of months after which the payment is required to recast AFTER the first recast period.	Negative
    Amortization	Numeric
    – Integer	48	999	Negatively
    Amortizing ARMs Only	>=0		
	56	Initial
    Fixed Payment Period	Number of
    months after origination during which the payment is fixed.	Negative
    Amortization	Numeric
    – Integer	60	999	Negatively
    Amortizing Hybrid ARMs Only	>=
    0 to <=120		
	57	Subsequent
    Payment Reset Period	Number of
    months between payment adjustments after first payment reset.	Negative
    Amortization	Numeric
    – Integer	12	999	Negatively
    Amortizing ARMs Only	>=
    0 to <=120		
	58	Initial
    Periodic Payment Cap	The maximum
    percentage by which a payment can change (increase or decrease) in the first period.	Negative
    Amortization	Numeric
    – Decimal	0.075	9.999999	Negatively
    Amortizing ARMs Only	>=
    0 and < 1		
	59	Subsequent
    Periodic Payment Cap	The maximum
    percentage by which a payment can change (increase or decrease) in one period after the initial cap.	Negative
    Amortization	Numeric
    – Decimal	0.075	9.999999	Negatively
    Amortizing ARMs Only	>=
    0 and < 1		
	60	Initial
    Minimum Payment Reset Period	The maximum
    number of months a borrower can initially pay the minimum payment before a new minimum payment is determined.	Negative
    Amortization	Numeric
    – Integer	12	999	Negatively
    Amortizing ARMs Only	>=
    0 to <=120		
	61	Subsequent
    Minimum Payment Reset Period	The maximum
    number of months (after the initial period) a borrower can pay the minimum payment before a new minimum payment is determined
    after the initial period.	Negative
    Amortization	Numeric
    – Integer	12	999	Negatively
    Amortizing ARMs Only	>=
    0 to <=120		
	62	Option
    ARM Indicator	An indicator
    of whether the loan is an Option ARM.	Negative
    Amortization	Numeric
    – Integer	1	99	ARMs
    Only	See
    Coding	0
                                                                                        = No

        1 = Yes

        99 = Unknown
	
	63	Options
    at Recast	The means
    of computing the lowest monthly payment available to the borrower after recast.	Option
    ARM	Numeric
    – Integer	2	99	Option
    ARMs Only	N/A	1=
                                                                                        Fully amortizing 30 year

        2= Fully amortizing 15
        year

        3=Fully amortizing 40
        year

        4 = Interest-Only

        5 = Minimum Payment

        99= Unknown
	
	64	Initial
    Minimum Payment	The initial
    minimum payment the borrower is permitted to make.	Option
    ARM	Numeric
    – Decimal	879.52	99	Option
    ARMs Only	>=0		
	65	Current
    Minimum Payment	Current Minimum
    Payment (in dollars).	Negative
    Amortization	Numeric
    – Decimal	250	9(10).99	Option
    ARMs Only	>=
    0		
	66	Prepayment
    Penalty Calculation	A description
    of how the prepayment penalty would be calculated during each phase of the prepayment penalty term.	Prepayment
    Penalties	Numeric
    – Integer	12	99	Always	See
    Coding	See
    Appendix C	
	67	Prepayment
    Penalty Type	•
                                                                                        Hard: The prepayment penalty
                                                                                        is incurred regardless of the reason the
                                                                                        loan is prepaid in full.

        • Hybrid:
        The prepayment penalty can be characterized as hard for a certain amount of time and as soft during another period.
	Prepayment
    Penalties	Numeric
    – Integer	1	99	All
    loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”)	See
    Coding	1
                                                                                        = Hard

        2 = Soft

        3 = Hybrid

        99 = Unknown
	
	68	Prepayment
    Penalty Total Term	The total
    number of months that the prepayment penalty may be in effect.	Prepayment
    Penalties	Numeric
    – Integer	60	999	All
    loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”)	>0
    to <=120		
	69	Prepayment
    Penalty Hard Term	For hybrid
    prepayment penalties, the number of months during which a “hard” prepayment penalty applies.	Prepayment
    Penalties	Numeric
    – Integer	12	999	Loans
    with Hybrid Prepayment Penalties (i.e., loans for which Field 67 = “3”)	>=
    0 to <=120		
	70	Primary
    Borrower ID	A lender-generated
    ID number for the primary borrower on the mortgage	Borrower	Numeric—Integer	123456789	999999999	Always	>0	 	Used
    to identify the number of times a single borrower appears in a given deal.
	71	Number
    of Mortgaged Properties	The number
    of residential properties owned by the borrower that currently secure mortgage loans.	Borrower	Numeric
    – Integer	1	99	Always	>
    0		
	72	Total
    Number of Borrowers	The number
    of Borrowers who are obligated to repay the mortgage note.	Borrower	Numeric
    – Integers	2	99	Always	>
    0		
	73	Self-employment
    Flag	An indicator
    of whether the primary borrower is self-employed.	Borrower	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                        = No

        1 = Yes

        99 = Unknown
	
	74	Current
    ‘Other’ Monthly Payment	The aggregate
    of all payments pertaining to the subject property other than principal and interest (includes common charges, condo fees,
    T&I, HOA, etc.), whether escrowed or not.	Loan
    Term and Amortization Type	Numeric
    – Decimal	1789.25	9(10).99	Always	>
    0		
	75	Length
    of Employment: Borrower	The number
    of years of service with the borrower’s current employer as of the date of the loan.	Borrower
    Qualification	Numeric
    – Decimal	3.5	99.99	Always	>=0	99 = Retired,
    None employment income soure (social security, trust income, dividends, etc.)	
	76	Length
    of Employment: Co-Borrower	The number
    of years of service with the co-borrower’s current employer as of the date of the loan.	Borrower
    Qualification	Numeric
    – Decimal	3.5	99.99	If
    “Total Number of Borrowers” > 1	>=
    0	99 = Retired,
    None employment income soure (social security, trust income, dividends, etc.)	
	77	Years
    in Home	Length of
    time that the borrower has been at current address.	Borrower
    Qualification	Numeric
    – Decimal	14.5	99.99	Refinances
    of Primary Residences Only (Loan Purpose = 1, 2, 3, 4, 8 or 9)	>
    0		
	78	FICO
    Model Used	Indicates
    whether the FICO score was calculated using the Classic, Classic 08, or Next Generation model.	Borrower
    Qualification	Numeric
    – Integer	1	99	If
    a FICO score was obtained	See
    Coding	1
                                                                                        = Classic

        2 = Classic 08

        3 = Next Generation

        99 = Unknown
	
	79	Most
    Recent FICO Date	Specifies
    the date on which the most recent FICO score was obtained	Borrower
    Qualification	Date	20090914	YYYYMMDD	If
    a FICO score was obtained	“19010101”
    if unknown		Issuers
    unable to Provide may Rep and Warrant that the FICO score used for underwriting was not more than 4 months old at the date
    of issuance.
	80	Primary
    Wage Earner Original FICO: Equifax	Equifax FICO
    score for primary borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a FICO score was obtained	>=
    350 and <= 850		
	81	Primary
    Wage Earner Original FICO: Experian	Experian
    FICO score for primary borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a FICO score was obtained	>=
    350 and <= 850		
	82	Primary
    Wage Earner Original FICO: TransUnion	TransUnion
    FICO score for primary borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a FICO score was obtained	>=
    350 and <= 850		
	83	Secondary
    Wage Earner Original FICO: Equifax	Equifax FICO
    score for Co-borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    “Total Number of Borrowers” > 1	>=
    350 and <= 850		
	84	Secondary
    Wage Earner Original FICO: Experian	Experian
    FICO score for Co-borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    “Total Number of Borrowers” > 1	>=
    350 and <= 850		
	85	Secondary
    Wage Earner Original FICO: TransUnion	TransUnion
    FICO score for Co-borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    “Total Number of Borrowers” > 1	>=
    350 and <= 850		
	86	Most
    Recent Primary Borrower FICO	Most Recent
    Primary Borrower FICO score used by the lender to approve the loan.	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a FICO score was obtained	>=
    350 and <= 850		
	87	Most
    Recent Co-Borrower FICO	Most Recent
    Co-Borrower FICO score used by the lender to approve the loan.	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    “Total Number of Borrowers” > 1	>=
    350 and <= 850		
	88	Most
    Recent FICO Method	Number of
    credit repositories used to update the FICO Score.	Borrower
    Qualification	Numeric
    – Integer	2	9	If
    a FICO score was obtained	>0		
	89	VantageScore:
    Primary Borrower	Credit Score
    for the Primary Borrower used to approve the loan and obtained using the Vantage credit evaluation model.	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a Vantage Credit Score was obtained	>=
    501 and <= 990		
	90	VantageScore:
    Co-Borrower	Credit Score
    for the Co-borrower used to approve the loan and obtained using the Vantage credit evaluation model.	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a VantageScore was obtained AND “Total Number of Borrowers” > 1	>=
    501 and <= 990		
	91	Most
    Recent VantageScore Method	Number of
    credit repositories used to update the Vantage Score.	Borrower
    Qualification	Numeric
    – Integer	2	9	If
    a Vantage Credit Score was obtained	>0		
	92	VantageScore
    Date	Date Vantage
    Credit Score was obtained.	Borrower
    Qualification	Date	20090914	YYYYMMDD	If
    a Vantage Credit Score was obtained	“19010101”
    if unknown		
	93	Credit
    Report: Longest Trade Line	The length
    of time in months that the oldest active trade line, installment or revolving, has been outstanding. For a loan with more
    than one borrower, populate field based on status for the primary borrower.	Borrower
    Qualification	Numeric
    – Integer	999	999	Always	>
    =0		Subject
    to Regulatory Confirmation
	94	Credit
    Report: Maximum Trade Line	The dollar
    amount for the trade line, installment or revolving, with the largest unpaid balance. For revolving lines of credit, e.g.
    credit card, the dollar amount reported should reflect the maximum amount of credit available under the credit line whether
    used or not. For a loan with more than one borrower, populate field based on status for the primary borrower.	Borrower
    Qualification	Numeric
    – Decimal	339420.19	9(10).99	Always	>=0		Subject
    to Regulatory Confirmation
	95	Credit
    Report: Number of Trade Lines	A count of
    non-derogatory, currently open and active, consumer trade lines (installment or revolving) for the borrower. For a loan with
    more than one borrower, populate field based on status for the primary borrower.	Borrower
    Qualification	Numeric
    – Integer	57	999	Always	>=0		Subject
    to Regulatory Confirmation
	96	Credit
    Line Usage Ratio	Sum of credit
    balances divided by sum of total open credit available.	Borrower
    Qualification	Numeric
    – Decimal	0.27	9.999999	Always	>=
    0 and <= 1		Subject
    to Regulatory Confirmation
	97	Most
    Recent 12-month Pay History	String indicating
    the payment status per month listed from oldest to most recent.	Borrower
    Qualification	Text	77X123200001	X(12)	Always	See
    Coding	0
                                                                                        = Current

        1 = 30-59 days delinquent

        2 = 60-89 days delinquent

        3 = 90-119 days delinquent

        4 = 120+ days delinquent

        5 = Foreclosure

        6 = REO

        7 = Loan did not exist
        in period

        X = Unavailable
	
	98	Months
    Bankruptcy	Number of
    months since any borrower was discharged from bankruptcy. (Issuers unable to provide this information may rep and warrant
    that at least x years—as specified in the loan program—have passed since most recent discharge from bankruptcy.)	Borrower
    Qualification	Numeric
    – Integer	12	999	If
    Borrower has ever been in Bankruptcy	>=
    0		Blank
    = Borrower is not known to have been in bankruptcy
	99	Months
    Foreclosure	Number of
    months since foreclosure sale date. (Issuers unable to provide this information may rep and warrant that at least x years—as
    specified in the loan program— have passed since most recent foreclosure.)	Borrower
    Qualification	Numeric
    – Integer	12	999	If
    Borrower has ever been in Foreclosure	>=
    0		Blank
    = Borrower is not known to have been in foreclosure
	100	Primary
    Borrower Wage Income	Monthly base
    wage income for primary borrower.	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	Always	>=
    0		
	101	Co-Borrower
    Wage Income	Monthly base
    wage income for all other borrowers.	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	If
    “Total Number of Borrowers” > 1	>=
    0		
	102	Primary
    Borrower Other Income	Monthly Other
    (non-wage) income for primary borrower. (This figure should include net rental income and be reduced by any net rental loss.)	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	Always	>=
    0		
	103	Co-Borrower
    Other Income	Monthly Other
    (non-wage) income for all other borrowers. (This figure should include net rental income and be reduced by any net rental
    loss.)	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	If
    “Total Number of Borrowers” > 1	>=
    0		
	104	All
    Borrower Wage Income	Monthly income
    of all borrowers derived from base salary only.	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	Always	>=
    0		
	105	All
    Borrower Total Income	Monthly income
    of all borrowers derived from base salary, commission, tips and gratuities, overtime and bonuses, part-time or second-job
    earnings, alimony, child support, interest and dividend income, notes receivable, trust income, net rental income,
    retirement income, social security, veterans income, military income, foster care income, and self-employed income.	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	Always	>=
    0		
	106	4506-T
    Indicator	A yes/no
    indicator of whether a Transcript of Tax Return (received pursuant to the filing of IRS Form 4506-T) was obtained and considered.	Borrower
    Qualification	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                        = No

        1 = Yes

        99 = Unknown
	
	107	Borrower
    Income Verification Level	A
                                                                                        code indicating the extent to which the
                                                                                        borrower’s income has been verified:

        Level
        4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if
        salaried)

        Level
        5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**)

        *For self-employed
        borrowers: Level 4 Income Verification:

        • 2 Years Tax Returns

        • Self-prepared tax returns (regardless of 4506 and tax transcripts)

        

        ** For self-employed borrowers: Level 5 Income Verification:

        • 2 Years tax returns

        • Tax returns prepared and not executed by a CPA, with

        o CPA name & phone number shown on the Preparer section of the tax return

        o Executed 4506 and tax transcripts (matching returns in file)

• Tax returns prepared and executed by a CPA (regardless of 4506 and tax transcripts)
	Borrower
    Qualification	Numeric
    – Integer	1	9	Always	See
    Coding	1
                                                                                        = Not Stated, Not Verified

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

        4 = Stated, “Level
        4” Verified (as defined)

        5 = Stated, “Level
        5” Verified (as defined)

        
	
	108	Co-Borrower
    Income Verification	A
                                                                                        code indicating the extent to which the
                                                                                        co-borrower’s income has been verified:

        

        Level 4 Income Verification
        = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried)

        

        Level 5 Income Verification
        = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**)

        *For self-employed borrowers:
        Level 4 Income Verification:

        • 2 Years Tax Returns

        • Self-prepared tax returns (regardless of 4506 and tax transcripts)

        

        ** For self-employed borrowers: Level 5 Income Verification:

        • 2 Years tax returns

        • Tax returns prepared and not executed by a CPA, with

        o CPA name & phone number shown on the Preparer section of the tax return

        o Executed 4506 and tax transcripts (matching returns in file)

        • Tax returns prepared and executed by a CPA (regardless of 4506 and tax transcripts)
	Borrower
    Qualification	Numeric
    – Integer	2	9	If
    “Total Number of Borrowers” > 1	See
    Coding	1
                                                                                        = Not Stated, Not Verified

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

        4 = Stated, “Level
        4” Verified (as defined)

        5 = Stated, “Level
        5” Verified (as defined)

        
	

        

	109	Borrower
    Employment Verification	A
                                                                                        code indicating the extent to which the
                                                                                        primary borrower’s employment has
                                                                                        been verified:

        

        Level 3 Verified = Direct
        Independent Verification with a third party of the borrower’s current employment.
	Borrower
    Qualification	Numeric
    – Integer	2	9	Always	See
    Coding	1
                                                                                        = Not Stated, Not Verified

        2 = Stated, Not Verified

        3 = Stated, Level 3 Verified
        (as defined)
	
	110	Co-Borrower
    Employment Verification	A
                                                                                        code indicating the extent to which the
                                                                                        co-borrower’s employment has been
                                                                                        verified:

        

        Level 3 Verified = Direct
        Independent Verification with a third party of the co-borrower’s current employment.
	Borrower
    Qualification	Numeric
    – Integer	1	9	If
    “Total Number of Borrowers” > 1	See
    Coding	1
                                                                                        = Not Stated, Not Verified

        2 = Stated, Not Verified

        3 = Stated, Level 3 Verified
        (as defined)
	
	111	Borrower
    Asset Verification	A
                                                                                        code indicating the extent to which the
                                                                                        primary borrower’s assets used to
                                                                                        qualify the loan have been verified:

        

        Level 4 Verified = 2 months
        of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter).

        
	Borrower
    Qualification	Numeric
    – Integer	3	9	Always	See
    Coding	1
                                                                                        = Not Stated, Not Verified

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

        4 = Stated, Level 4 Verified
        (as defined)
	
	112	Co-Borrower
    Asset Verification	A
                                                                                        code indicating the extent to which the
                                                                                        co-borrower’s assets used to qualify
                                                                                        the loan have been verified:

        

        Level 4 = 2 months of
        bank statements/balance documentation (written or electronic) for liquid assets (or gift letter).

        
	Borrower
    Qualification	Numeric
    – Integer	2	9	If
    “Total Number of Borrowers” > 1	See
    Coding	1
                                                                                        = Not Stated, Not Verified

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

        4 = Stated, Level 4 Verified
        (as defined)
	
	113	Liquid
    / Cash Reserves	The actual
    dollar amount of remaining verified liquid assets after settlement. (This should not include cash out amount of subject loan.)	Borrower
    Qualification	Numeric
    – Decimal	3242.76	9(9).99	Always	>=
    0		
	114	Monthly
    Debt All Borrowers	The aggregate
    monthly payment due on other debt (excluding only installment loans with fewer than 10 payments remaining and other real estate
    loans used to compute net rental income— which is added/subtracted in the income fields).	Borrower
    Qualification	Numeric
    – Decimal	3472.43	9(9).99	Always	>=
    0		
	115	Originator
    DTI	Total Debt
    to income ratio used by the originator to qualify the loan.	Borrower
    Qualification	Numeric
    – Decimal	0.35	9.999999	Always	>=
    0 and >= 1		
	116	Fully
    Indexed Rate	The fully
    indexed interest rate as of securitization cut-off.	Borrower
    Qualification	Numeric
    – Decimal	0.0975	9.999999	ARMs
    Only	>=
    0 and >= 1		
	117	Qualification
    Method	Type of mortgage
    payment used to qualify the borrower for the loan.	Borrower
    Qualification	Numeric
    – Integer	3	99	Always	See
    Coding	1
                                                                                        = Start Rate

        2 = First Year Cap Rate

        3 = I/O Amount

        4 = Fully Indexed

        5 = Min Payment

        98 = Other

        99 = Unknown
	
	118	Percentage
    of Down Payment from Borrower Own Funds	Include only
    borrower funds, do not include any gift or borrowed funds. (Issuers may provide the actual percentage for each loan, or
    the guideline percentage and note departure concentration on the transaction summary.)	Borrower
    Qualification	Numeric
    – Decimal	0.5	9.999999	Purchase
    Loans Only	>=
    0 and >= 1		
	119	City	The name
    of the city.	Subject
    Property	Text	New
    York	X(45)	Always	Unk=Unknown		
	120	State	The name
    of the state as a 2-digit Abbreviation.	Subject
    Property	Text	NY	XX	Always	See
    Coding	See
    Appendix H	
	121	Postal
    Code	The postal
    code (zip code in the US) where the subject property is located.	Subject
    Property	Text	10022	X(5)	Always	Unk=Unknown		
	122	Property
    Type	Specifies
    the type of property being used to secure the loan.	Subject
    Property	Numeric
    – Integer	11	99	Always	See
    Coding	See
    Appendix D	
	123	Occupancy	Specifies
    the property occupancy status (e.g., owner-occupied, investment property, second home, etc.).	Subject
    Property	Numeric
    – Integer	4	9	Always	See
    Coding	See
    Appendix E	
	124	Sales
    Price	The negotiated
    price of a given property between the buyer and seller.	Subject
    Property	Numeric
    – Decimal	450000.23	9(10).99	Purchase
    Loans Only	>
    0		
	125	Original
    Appraised Property Value	The appraised
    value of the property used to approve the loan.	Subject
    Property	Numeric
    – Decimal	550000.23	9(10).99	Always	>
    0		
	126	Original
    Property Valuation Type	Specifies
    the method by which the property value (at the time of underwriting) was reported.	Subject
    Property	Numeric
    – Integer	8	99	Always	See
    Coding	See
    Appendix F	
	127	Original
    Property Valuation Date	Specifies
    the date on which the original property value (at the time of underwriting) was reported. (Issuers unable to provide may
    Rep and Warrant that the appraisal used for underwriting was not more than x days old at time of loan closing.)	Subject
    Property	Date	20090914	YYYYMMDD	Always	“19010101”
    if unknown		
	128	Original
    Automated Valuation Model (AVM) Model Name	The name
    of the AVM Vendor if an AVM was used to determine the original property valuation.	Subject
    Property	Numeric
    – Integer	1	99	Always	See
    Appendix I	See
    Appendix I	
	129	Original
    AVM Confidence Score	The confidence
    range presented on the AVM report.	Subject
    Property	Numeric
    – Decimal	0.74	9.999999	If
    AVM Model Name (Field 127) > 0	>=
    0 to <= 1		
	130	Most
    Recent Property Value[1]	If a valuation
    was obtained subsequent to the valuation used to calculate LTV, the most recent property value.	Subject
    Property	Numeric
    – Decimal	500000	9(10).99	If
    updated value was obtained subsequent to loan approval	>
    0		
	131	Most
    Recent Property Valuation Type	If an additional
    property valuation was obtained after the valuation used for underwriting purposes, the method by which the property value
    was reported.	Subject
    Property	Numeric
    – Integer	6	9	If
    updated value was obtained subsequent to loan approval	See
    Coding	See
    Appendix F	
	132	Most
    Recent Property Valuation Date	Specifies
    the date on which the updated property value was reported.	Subject
    Property	Date	20090914	YYYYMMDD	If
    updated value was obtained subsequent to loan approval	“19010101”
    if unknown		
	133	Most
    Recent AVM Model Name	The name
    of the AVM Vendor if an AVM was used to determine the updated property valuation.	Subject
    Property	Numeric
    – Integer	19	99	If
    updated value was obtained subsequent to loan approval	See
    Coding	See
    Appendix I	
	134	Most
    Recent AVM Confidence Score	If AVM used
    to determine the updated property valuation, the confidence range presented on the AVM report.	Subject
    Property	Numeric
    – Decimal	0.85	9.999999	If
    “Most Recent AVM Model Name” > 0	>=
    0 to <= 1		
	135	Original
    CLTV	The ratio
    obtained by dividing the amount of all known outstanding mortgage liens on a property at origination by the lesser of the
    appraised value or the sales price. The value is then truncated to four decimal places.	Loan-to-Value
    (LTV)	Numeric
    – Decimal	0.96	9.999999	Always	>=
    0 and <= 1.5		
	136	Original
    LTV	The ratio
    obtained by dividing the original mortgage loan amount on the note date by the lesser of the mortgaged property’s appraised
    value on the note date or its purchase price. The value is then truncated to four decimal places.	Loan-to-Value
    (LTV)	Numeric
    – Decimal	0.8	9.999999	Always	>=
    0 and <= 1.25		
	137	Original
    Pledged Assets	The total
    value of assets pledged as collateral for the loan at the time of origination. Pledged assets may include cash or marketable
    securities.	Loan-to-Value
    (LTV)	Numeric
    – Decimal	75000	9(10).99	Always	>=0		
	138	Mortgage
    Insurance Company Name	The name
    of the entity providing mortgage insurance for a loan.	Mortgage
    Insurance	Numeric
    – Integer	3	99	Always	See
    Coding	See
    Appendix G	
	139	Mortgage
    Insurance Percent	Mortgage
    Insurance coverage percentage.	Mortgage
    Insurance	Numeric
    – Decimal	0.25	9.999999	“Mortgage
    Insurance Company Name” > 0	>=
    0 to <= 1		
	140	MI:
    Lender or Borrower Paid?	An indicator
    of whether mortgage insurance is paid by the borrower or the lender.	Mortgage
    Insurance	Numeric
    – Integer	1	99	“Mortgage
    Insurance Company Name” > 0	See
    Coding	1
                                                                                        = Borrower-Paid

        2 = Lender- Paid

        99 = Unknown
	
	141	Pool
    Insurance Co. Name	Name of pool
    insurance provider.	Mortgage
    Insurance	Numeric
    – Integer	8	99	Always	See
    Coding	See
    Appendix G	
	142	Pool
    Insurance Stop Loss %	The aggregate
    amount that a pool insurer will pay, calculated as a percentage of the pool balance.	Mortgage
    Insurance	Numeric
    – Decimal	0.25	9.999999	Pool
    MI Company > 0	>=
    0 to <= 1		
	143	MI
    Certificate Number	The unique
    number assigned to each individual loan insured under an MI policy.	Mortgage
    Insurance	Text	123456789G	X(20)	MI
                                                                                        Company

        >
        0
	UNK
    = Unknown		
	144	Updated
                                                                                        DTI

        (Front-end)
	Updated front-end
    DTI ratio (total monthly housing expense divided by total monthly income) used to qualify the loan modification.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.35	9.999999	Modified
    Loans Only	>=
    0 and >= 1		
	145	Updated
                                                                                        DTI

        (Back-end)
	Updated back-end
    DTI ratio (total monthly debt expense divided by total monthly income) used to qualify the loan modification.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.35	9.999999	Modified
    Loans Only	>=
    0 and >= 1		
	146	Modification
    Effective Payment Date	Date of first
    payment due post modification.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Date	20090914	YYYYMMDD	Modified
    Loans Only	“19010101”
    if unknown		
	147	Total
    Capitalized Amount	Amount added
    to the principal balance of a loan due to the modification.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0		
	148	Total
    Deferred Amount	Any non-interest-bearing
    deferred amount (e.g., principal, interest and fees).	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0		
	149	Pre-Modification
    Interest (Note) Rate	Scheduled
    Interest Rate Of The Loan Immediately Preceding The Modification Effective Payment Date.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.075	9.999999	Modified
    Loans Only	>=
    0 to <= 1		
	150	Pre-Modification
    P&I Payment	Scheduled
    Total Principal And Interest Payment Amount Preceding The Modification Effective Payment Date – or if servicer is no
    longer advancing P&I, the payment that would be in effect if the loan were current.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	2310.57	9(10).99	Modified
    Loans Only	>
    0		
	151	Pre-Modification
    Initial Interest Rate Change Downward Cap	Maximum amount
    the rate can adjust downward on the first interest rate adjustment date (prior to modification) – Only provide if the
    rate floor is modified.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.015	9.999999	Modified
    Loans Only	>=
    0 to <= 1		
	152	Pre-Modification
    Subsequent Interest Rate Cap	Maximum increment
    the rate can adjust upward AFTER the initial rate adjustment (prior to modification) – Only provide if the Cap is modified.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.015	9.999999	Modified
    Loans Only	>=
    0 to <= 1		
	153	Pre-Modification
    Next Interest Rate Change Date	Next Interest
    Reset Date Under The Original Terms Of The Loan (one month prior to new payment due date).	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Date	20090914	YYYYMMDD	Modified
    Loans Only	“19010101”
    if unknown		
	154	Pre-Modification
    I/O Term	Interest
    Only Term (in months) preceding The Modification Effective Payment Date.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Integer	36	999	Modified
    Loans Only	>=
    0 to <= 120		
	155	Forgiven
    Principal Amount	The sum total
    of all principal balance reductions (as a result of loan modification) over the life of the loan.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0		
	156	Forgiven
    Interest Amount	The sum total
    of all interest incurred and forgiven (as a result of loan modification) over the life of the loan.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0		
	157	Number
    of Modifications	The number
    of times the loan has been modified.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Integer	1	9	Modified
    Loans Only	>=
    0		
	158	Cash
    To/From Brrw at Closing	Indicates
    the amount of cash the borrower(s) paid into or received at closing. 
 
 [HUD-1 Bottom Line] + [Earnest money] + [Paid
    Outside Closing Items]		Numeric
    – Decimal	100000.01	9(10).99				
	159	Brrw
    - Yrs at in Industry	Number of
    years the primary borrower has been working in their current industry		Numeric
    – Decimal	9.9	9.999999				
	160	CoBrrw
    - Yrs at in Industry	Number of
    years the co-borrower has been working in their current industry		Numeric
    – Decimal	8	9.999999				
	161	Junior
    Mortgage Drawn Amount	Applicable
    if the subject loan is a first mortgage. At the time of origination for the subject loan, the sum of the outstanding balance(s)
    for any junior mortgages (HELOCs and closed-end).		Numeric
    – Decimal	100000.01	9(10).99				
	162	Maturity
    Date	Maturity
    date of mortgage		Date	20420501	YYYYMMDD				
	163	Primary
    Borrower Wage Income (Salary)	The primary
    borrower's salary wage income		Numeric
    – Decimal	10000.44	9(10).99				
	164	Primary
    Borrower Wage Income (Bonus)	The primary
    borrower's bonus wage income		Numeric
    – Decimal	10000.44	9(10).99				
	165	Primary
    Borrower Wage Income (Commission)	The primary
    borrower's commission wage income		Numeric
    – Decimal	10000.44	9(10).99				
	166	Co-Borrower
    Wage Income (Salary)	The coborrower's
    salary wage income		Numeric
    – Decimal	10000.44	9(10).99				
	167	Co-Borrower
    Wage Income (Bonus)	The coborrower's
    bonus wage income		Numeric
    – Decimal	10000.44	9(10).99				
	168	Co-Borrower
    Wage Income (Commission)	The coborrower's
    commission wage income		Numeric
    – Decimal	10000.44	9(10).99				
	169	Originator
    Doc Code	Documentation
    Code value as presented by the seller.		Text	Full	XXXX				
	170	RWT
    Income Verification	Internal
    Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower asset verification		Text	2
    Years	XXXX				
	171	RWT
    Asset Verification	Internal
    Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower Income verification		Text	2
    Months	XXXX				
	MH-1	Real
    Estate Interest	Indicates
    whether the property on which the manufactured home is situated is owned outright or subject to the terms of a short- or long-term
    lease. (A long-term lease is defined as a lease whose term is greater than or equal to the loan term.)	Manufactured
    Housing	Numeric
    – Integer	2	99	Manufactured
    Housing Loans Only	See
    Coding	1
                                                                                        = Owned

        2 = Short-term lease

        3 = Long-term lease

        99 = Unavailable
	
	MH-2	Community
    Ownership Structure	If the manufactured
    home is situated in a community, a means of classifying ownership of the community.	Manufactured
    Housing	Numeric
    – Integer	2	99	Manufactured
    Housing Loans Only	See
    Coding	1
                                                                                        = Public Institutional

        2 = Public Non-Institutional

        3 = Private Institutional

        4 = Private Non-Institutional

        5 = HOA-Owned

        6 = Non-Community

        99 = Unavailable
	
	MH-3	Year
    of Manufacture	The year
    in which the home was manufactured (Model Year — YYYY Format). Required only in cases where a full appraisal is not provided.	Manufactured
    Housing	Numeric
    – Integer	2006	YYYY	Manufactured
    Housing Loans Only	1901
    = Unavailable		
	MH-4	HUD
    Code Compliance Indicator (Y/N)	Indicates
    whether the home was constructed in accordance with the 1976 HUD code. In general, homes manufactured after 1976 comply with
    this code.	Manufactured
    Housing	Numeric
    – Integer	1	9	Manufactured
    Housing Loans Only	See
    Codes	0
                                                                                        = No

        1 = Yes

        99 = Unavailable
	
	MH-5	Gross
    Manufacturer’s Invoice Price	The total
    amount that appears on the manufacturer’s invoice (typically includes intangible costs such as transportation, association,
    on-site setup, service and warranty costs, taxes, dealer incentives, and other fees).	Manufactured
    Housing	Numeric
    – Decimal	72570.62	9(10).99	Manufactured
    Housing Loans Only	>=
    0		
	MH-6	LTI
    (Loan-to-Invoice) Gross	The ratio
    of the loan amount divided by the Gross Manufacturer’s Invoice Price (Field MH-5).	Manufactured
    Housing	Numeric
    – Decimal	0.75	9.999999	Manufactured
    Housing Loans Only	>=
    0 to <= 1		
	MH-7	Net
    Manufacturer’s Invoice Price	The Gross
    Manufacturer’s Invoice Price (Field MH-5) minus intangible costs, including: transportation, association,
    on-site setup, service, and warranty costs, taxes, dealer incentives, and other fees.	Manufactured
    Housing	Numeric
    – Decimal	61570.62	9(10).99	Manufactured
    Housing Loans Only	>=
    0		
	MH-8	LTI
    (Net)	The ratio
    of the loan amount divided by the Net Manufacturer’s Invoice Price (Field MH-7).	Manufactured
    Housing	Numeric
    – Decimal	0.62	9.999999	Manufactured
    Housing Loans Only	>=
    0 to <= 1		
	MH-9	Manufacturer
    Name	The manufacturer
    of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.)	Manufactured
    Housing	Text	“XYZ
    Corp”	Char
    (100)	Manufactured
    Housing Loans Only (where no appraised value is provided)	MH
    Manufacturer name in double quotation marks		
	MH-10	Model
    Name	The model
    name of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is
    available.)	Manufactured
    Housing	Text	“DX5-916-X”	Char
    (100)	Manufactured
    Housing Loans Only (where no appraised value is provided)	MH
    Model name in double quotation marks		
	MH-11	Down
    Payment Source	An indicator
    of the source of the down payment used by the borrower to acquire the property and qualify for the mortgage.	Manufactured
    Housing	Numeric
    – Integer	2	99	Manufactured
    Housing Loans Only	See
    Codes	1
                                                                                        = Cash

        2 = Proceeds from trade
        in

        3 = Land in Lieu

        4 = Other

        99 = Unavailable
	
	MH-12	Community/Related
    Party Lender (Y/N)	An indicator
    of whether the loan was made by the community owner, an affiliate of the community owner or the owner of the real estate upon
    which the collateral is located.	Manufactured
    Housing	Numeric
    – Integer	1	99	Manufactured
    Housing Loans Only	See
    Codes	0
                                                                                        = No

        1 = Yes

        99 = Unavailable
	
	MH-13	Defined
    Underwriting Criteria (Y/N)	An indicator
    of whether the loan was made in accordance with a defined and/or standardized set of underwriting criteria.	Manufactured
    Housing	Numeric
    – Integer	1	99	Manufactured
    Housing Loans Only	See
    Codes	0
                                                                                        = No

        1 = Yes

        99 = Unavailable
	
	MH-14	Chattel
    Indicator	An Indicator
    of whether the secured property is classified as chattel or Real Estate.	Manufactured
    Housing	Numeric
    – Integer	1	99	Manufactured
    Housing Loans Only	See
    Codes	0 = Real
    Estate

    1 = Chattel

    99 = Unavailable	 

 

 

    	 

    	 

    

 

ATTACHMENT 2

 

SALE AND SERVICING AGREEMENT

 

Refer to Exhibit 10.4 

 

    	 

    	 

    

 

EXHIBIT D-3

 

INITIAL AUTHORIZED REPRESENTATIVES
OF THE SERVICER

 

	Name	 	Title	 	Specimen Signature
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    	 

    	 

    

 

EXHIBIT F

 

REQUEST FOR RELEASE OF DOCUMENTS

 

	To:	Wells Fargo Bank, N.A.	Date:  _______________
	 	751 Kasota Avenue	 
	 	Minneapolis, MN  55414	 
	 	Attn:  WFDC Release Department.	 

 

		Re:	Custodial Agreement, dated as of November 1, 2012, among
Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, Wells Fargo Bank, N.A., as Custodian, Sequoia
Residential Funding, Inc., as Depositor, and Redwood Residential Acquisition Corporation, as Seller

 

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

 

	Mortgage Loan Number: __________________________    	 	Investor Number: ___________________
	 	 	 
	Mortgagor Name, Address & Zip Code:                          	 	Pool Number:                                                     

 

Reason for Requesting Documents (check one):

 

_______ 1. Mortgage Paid in Full 

 

_______ 2. Foreclosure

 

_______ 3. Substitution

 

_______ 4. Other Liquidation

 

_______ 5. Non-liquidation                                                                  Reason:__________________

 

                                                                                                              For CMI Use Only:_____________

 

	By:	 	 
	 	 (Authorized Signature)	 

 

	Printed Name	 	 
	 	 	 
	Servicer Name:	 	 
	 	 	 
	Ship To Address:	 	 
	 	 	 
	 	 	 

 

	Phone:	 	 

 

Custodian

 

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

 

	 	 	Date
	Signature	 	 

 

Documents returned to Custodian:

 

	 	 	Date
	Custodian	 	 

 

    	 

    	 

    

 

EXHIBIT 10

 

FORM OF MONTHLY LOSS REPORT

 

    	 

    	 

    

 

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

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

 

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

 

Liquidation and Acquisition Expenses:

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

 

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

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

		4-12.	Complete as applicable. Required documentation:

		*	For taxes and insurance advances – see page 2 of
332 form - breakdown required showing period of coverage, base tax, interest, penalty. Advances prior to default require evidence
of servicer efforts to recover advances.

		*	For escrow advances - complete payment history (to calculate
advances from last positive escrow balance forward)

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

		*	REO repairs > $1500 require explanation

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

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

		*	Unusual or extraordinary items may require further documentation.

		13.	The total of lines 1 through 12.

 

Credits:

 

		14-21.	Complete as applicable. Required documentation:

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

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

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

		22.	The total of lines 14 through 21.

 

			

Page
1 of 5

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

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact
us with Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    

 

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

 

Total Realized Loss (or Amount
of Any Gain)

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

 

Page 2
of 5

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

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact
us with Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    

 

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

 

Prepared by: __________________                            Date: _______________

Phone: ______________________ Email Address:_____________________

	
        Servicer Loan No.

         
	 	
        Servicer Name

         
	 	
        Servicer Address

         

         

 

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

 

Borrower's Name:_________________________________________________________

 

Property Address: _________________________________________________________

 

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

 

Was this loan granted a Bankruptcy deficiency or
cramdown                        Yes                          No

If “Yes”, provide deficiency
or cramdown amount __________________________________________________

 

Liquidation and Acquisition Expenses:

 

	(1)	Actual Unpaid Principal Balance of Mortgage Loan	 	$ ______________   (1)	 
	(2)	Interest accrued at Net Rate	 	________________ (2)	 
	(3)	Accrued Servicing Fees	 	________________ (3)	 
	(4)	Attorney's Fees	 	________________ (4)	 
	(5)	Taxes (see page 2)	 	________________ (5)	 
	(6)	Property Maintenance	 	_______________   (6)	 
	(7)	MI/Hazard Insurance Premiums (see page 2)	 	________________ (7)	 
	(8)	Utility Expenses	 	________________ (8)	 
	(9)	Appraisal/BPO	 	________________ (9)	 
	(10)	Property Inspections	 	________________ (10)	 
	(11)	FC Costs/Other Legal Expenses	 	________________ (11)	 
	(12)	Other (itemize)	 	________________ (12)	 

  

 

 

Page 3
of 5

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

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact
us with Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    

 

	 	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	 	 
		HUD Part A	 	________________(18a)
		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)

 

 

 

Page 4
of 5

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with ANY or all of the guidelines entailed herein may result in issuance of late reporting fees.

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact
us with Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    

 

Escrow Disbursement Detail

 

 

	
        Type

(Tax /Ins.)
	Date Paid	Period of

Coverage	Total

Paid	Base

Amount	Penalties	Interest
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

  

 

 

Page 5
of 5

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

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    

 

EXHIBIT 11

 

FORM OF DELINQUENCY REPORTING

 

Exhibit
: Standard File Layout – Delinquency Reporting

 

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

 

	Column/Header Name	Description	Decimal	Format Comment
	SERVICER_LOAN_NBR	A unique number assigned to a loan by the Servicer.  This may be different than the LOAN_NBR	 	 
	LOAN_NBR	A unique identifier assigned to each loan by the originator.	 	 
	CLIENT_NBR	Servicer Client Number	 	 
	SERV_INVESTOR_NBR	Contains a unique number as assigned by an external servicer to identify a group of loans in their system.	 	 
	BORROWER_FIRST_NAME	First Name of the Borrower.	 	 
	BORROWER_LAST_NAME	Last name of the borrower.	 	 
	PROP_ADDRESS	Street Name and Number of Property	 	 
	PROP_STATE	The state where the  property located.	 	 
	PROP_ZIP	Zip code where the property is located.	 	 
	BORR_NEXT_PAY_DUE_DATE	The date that the borrower's next payment is due to the servicer at the end of processing cycle, as reported by Servicer.	 	MM/DD/YYYY
	LOAN_TYPE	Loan Type (i.e. FHA, VA, Conv)	 	 
	BANKRUPTCY_FILED_DATE	The date a particular bankruptcy claim was filed.	 	MM/DD/YYYY
	BANKRUPTCY_CHAPTER_CODE	The chapter under which the bankruptcy was filed.	 	 
	BANKRUPTCY_CASE_NBR	The case number assigned by the court to the bankruptcy filing.	 	 
	POST_PETITION_DUE_DATE	The payment due date once the bankruptcy has been approved by the courts	 	MM/DD/YYYY
	BANKRUPTCY_DCHRG_DISM_DATE	The Date The Loan Is Removed From Bankruptcy. Either by Dismissal, Discharged and/or a Motion For Relief Was Granted.	 	MM/DD/YYYY
	LOSS_MIT_APPR_DATE	The Date The Loss Mitigation Was Approved By The Servicer	 	MM/DD/YYYY
	LOSS_MIT_TYPE	The Type Of Loss Mitigation Approved For A Loan Such As;	 	 
	LOSS_MIT_EST_COMP_DATE	The Date The Loss Mitigation /Plan Is Scheduled To End/Close	 	MM/DD/YYYY
	LOSS_MIT_ACT_COMP_DATE	The Date The Loss Mitigation Is Actually Completed	 	MM/DD/YYYY

 

Page 1
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with ANY or all of the guidelines entailed herein may result in issuance of late reporting fees.

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    

 

	FRCLSR_APPROVED_DATE	The date DA Admin sends a letter to the servicer with instructions to begin foreclosure proceedings.	 	MM/DD/YYYY
	ATTORNEY_REFERRAL_DATE	Date File Was Referred To Attorney to Pursue Foreclosure	 	MM/DD/YYYY
	FIRST_LEGAL_DATE	Notice of 1st legal filed by an Attorney in a Foreclosure Action	 	MM/DD/YYYY
	FRCLSR_SALE_EXPECTED_DATE	The date by which a foreclosure sale is expected to occur.	 	MM/DD/YYYY
	FRCLSR_SALE_DATE	The actual date of the foreclosure sale.	 	MM/DD/YYYY
	FRCLSR_SALE_AMT	The amount a property sold for at the foreclosure sale.	2	No commas(,) or dollar signs ($)
	EVICTION_START_DATE	The date the servicer initiates eviction of the borrower.	 	MM/DD/YYYY
	EVICTION_COMPLETED_DATE	The date the court revokes legal possession of the property from the borrower.	 	MM/DD/YYYY
	LIST_PRICE	The price at which an REO property is marketed.	2	No commas(,) or dollar signs ($)
	LIST_DATE	The date an REO property is listed at a particular price.	 	MM/DD/YYYY
	OFFER_AMT	The dollar value of an offer for an REO property.	2	No commas(,) or dollar signs ($)
	OFFER_DATE_TIME	The date an offer is received by DA Admin or by the Servicer.	 	MM/DD/YYYY
	REO_CLOSING_DATE	The date the REO sale of the property is scheduled to close.	 	MM/DD/YYYY
	REO_ACTUAL_CLOSING_DATE	Actual Date Of REO Sale	 	MM/DD/YYYY
	OCCUPANT_CODE	Classification of how the property is occupied.	 	 
	PROP_CONDITION_CODE	A code that indicates the condition of the property.	 	 
	PROP_INSPECTION_DATE	The date a  property inspection is performed.	 	MM/DD/YYYY
	APPRAISAL_DATE	The date the appraisal was done.	 	MM/DD/YYYY
	CURR_PROP_VAL	The current "as is" value of the property based on brokers price opinion or appraisal.	2	 
	REPAIRED_PROP_VAL	The amount the property would be worth if repairs are completed pursuant to a broker's price opinion or appraisal.	2	 

 

Page 2
of 7

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

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    

 

	If applicable:	 	 	 
	DELINQ_STATUS_CODE	FNMA Code Describing Status of Loan	 	 
	DELINQ_REASON_CODE	The circumstances which caused a borrower to stop paying on a loan.   Code indicates the reason why the loan is in default for this cycle.	 	 
	MI_CLAIM_FILED_DATE	Date Mortgage Insurance Claim Was Filed With Mortgage Insurance Company.	 	MM/DD/YYYY
	MI_CLAIM_AMT	Amount of Mortgage Insurance Claim Filed	 	No commas(,) or dollar signs ($)
	MI_CLAIM_PAID_DATE	Date Mortgage Insurance Company Disbursed Claim Payment	 	MM/DD/YYYY
	MI_CLAIM_AMT_PAID	Amount Mortgage Insurance Company Paid On Claim	2	No commas(,) or dollar signs ($)
	POOL_CLAIM_FILED_DATE	Date Claim Was Filed With Pool Insurance Company	 	MM/DD/YYYY
	POOL_CLAIM_AMT	Amount of Claim Filed With Pool Insurance Company	2	No commas(,) or dollar signs ($)
	POOL_CLAIM_PAID_DATE	Date Claim Was Settled and The Check Was Issued By The Pool Insurer	 	MM/DD/YYYY
	POOL_CLAIM_AMT_PAID	Amount Paid On Claim By Pool Insurance Company	2	No commas(,) or dollar signs ($)
	FHA_PART_A_CLAIM_FILED_DATE	Date FHA Part A Claim Was Filed With HUD	 	MM/DD/YYYY
	FHA_PART_A_CLAIM_AMT	Amount of FHA Part A Claim Filed	2	No commas(,) or dollar signs ($)
	FHA_PART_A_CLAIM_PAID_DATE	Date HUD Disbursed Part A Claim Payment	 	MM/DD/YYYY
	FHA_PART_A_CLAIM_PAID_AMT	Amount HUD Paid on Part A Claim	2	No commas(,) or dollar signs ($)
	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

 

Page 3
of 7

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with ANY or all of the guidelines entailed herein may result in issuance of late reporting fees.

© Copyright Wells Fargo Bank, Corporate
Trust Services

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Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    

 

	VA_CLAIM_PAID_DATE	Date Veterans Admin. Disbursed VA Claim Payment	 	MM/DD/YYYY
	VA_CLAIM_PAID_AMT	Amount Veterans Admin. Paid on VA Claim	2	No commas(,) or dollar signs ($)
	MOTION_FOR_RELIEF_DATE	The date the Motion for Relief was filed	10 	MM/DD/YYYY
	FRCLSR_BID_AMT	The foreclosure sale bid amount	11 	No commas(,) or dollar signs ($)
	FRCLSR_SALE_TYPE	The foreclosure sales results: REO, Third Party, Conveyance to HUD/VA	 	 
	REO_PROCEEDS	The net proceeds from the sale of the REO property. 	 	No commas(,) or dollar signs ($)
	BPO_DATE	The date the BPO was done.	 	 
	CURRENT_FICO	The current FICO score	 	 
	HAZARD_CLAIM_FILED_DATE	The date the Hazard Claim was filed with the Hazard Insurance Company.	10 	MM/DD/YYYY
	HAZARD_CLAIM_AMT	The amount of the Hazard Insurance Claim filed.	11 	No commas(,) or dollar signs ($)
	HAZARD_CLAIM_PAID_DATE	The date the Hazard Insurance Company disbursed the claim payment.	10 	MM/DD/YYYY
	HAZARD_CLAIM_PAID_AMT	The amount the Hazard Insurance Company paid on the claim.	11 	No commas(,) or dollar signs ($)
	ACTION_CODE	Indicates loan status	 	Number
	NOD_DATE	 	 	MM/DD/YYYY
	NOI_DATE	 	 	MM/DD/YYYY
	ACTUAL_PAYMENT_PLAN_START_DATE	 	 	MM/DD/YYYY
	ACTUAL_PAYMENT_ PLAN_END_DATE	 	 	 
	ACTUAL_REO_START_DATE	 	 	MM/DD/YYYY
	REO_SALES_PRICE	 	 	Number
	REALIZED_LOSS/GAIN	As defined in the Servicing Agreement	 	Number

  

Exhibit
2: Standard File Codes – Delinquency Reporting

 

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

 

	·	ASUM-	Approved Assumption
	·	BAP-	Borrower Assistance Program
	·	CO-	Charge Off
	·	DIL-	Deed-in-Lieu
	·	FFA-	Formal Forbearance Agreement
	·	MOD-	Loan Modification
	·	PRE-	Pre-Sale
	·	SS-	Short Sale
	·	MISC-	Anything else approved by the PMI or Pool Insurer

  

Page 4
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Please be advised that failure to comply
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© Copyright Wells Fargo Bank, Corporate
Trust Services

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Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    

  

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

 

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

		·	Mortgagor

		·	Tenant

		·	Unknown 

		·	Vacant

 

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

		·	Damaged

		·	Excellent

		·	Fair

		·	Gone

		·	Good

		·	Poor

		·	Special Hazard

		·	Unknown

 

Page 5
of 7

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

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    

 

Exhibit
2: Standard File Codes – Delinquency Reporting, Continued

 

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

 

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

 

Page 6
of 7

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

© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.com

 

    	 

    	 

    

 

Exhibit
2: Standard File Codes – Delinquency Reporting, Continued

 

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

 

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

 

Page 7
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Please be advised that failure to comply
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© Copyright Wells Fargo Bank, Corporate
Trust Services

Contact us with
Reporting Questions: CTSDefaultSRG@WellsFargo.comEXHIBIT 10.7

  

ASSIGNMENT, ASSUMPTION AND RECOGNITION
AGREEMENT

 

This is an Assignment,
Assumption and Recognition Agreement (the “Agreement”) made as of the 30th day of November, 2012, among
Redwood Residential Acquisition Corporation, a Delaware corporation (“Assignor”), Sequoia Residential Funding, Inc.,
a Delaware corporation (“Depositor”), Christiana Trust, a division of Wilmington Savings Fund Society, FSB, a federal
savings bank, not in its individual capacity but solely as trustee (in such capacity, the “Trustee” and as referred
to herein, the “Assignee”) under a Pooling and Servicing Agreement dated as of November 1, 2012 (the “Pooling
and Servicing Agreement”), and PHH Mortgage Corporation, a New Jersey corporation (“PHH”).

 

In consideration of
the mutual promises contained herein, the parties hereto agree that the mortgage loans (the “Mortgage Loans”) listed
on Attachment 1 (the “Mortgage Loan Schedule”) now serviced by PHH (together with its successors and assigns, the “Servicer”)
for Assignor and its successors and assigns pursuant to the Mortgage Loan Flow Purchase, Sale and Servicing Agreement dated as
of July 21, 2010, between Assignor and PHH (the “Purchase and Servicing Agreement”) and the servicing thereof shall
be subject to the terms of the Purchase and Servicing Agreement as modified or supplemented by this Agreement. Unless otherwise
specified herein, capitalized terms used herein but not defined shall have the meanings ascribed to them in the Purchase and Servicing
Agreement. Assignor will sell the Mortgage Loans to Depositor pursuant to a Mortgage Loan Purchase and Sale Agreement dated the
date hereof, and Depositor will sell the Mortgage Loans to Assignee pursuant to the Pooling and Servicing Agreement.

 

Assignment and Assumption

 

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

 

2.          [Reserved].

 

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

 

4.          [Reserved].

 

    	 

    	 

    

 

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

 

6.           [Reserved].

 

7.           PHH
hereby acknowledges the foregoing assignments and assumptions and agrees that Assignee shall be the “Purchaser” under
the Purchase and Servicing Agreement with respect to the Mortgage Loans.

 

Representations and Warranties

 

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

 

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

 

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

 

(c)          There
are no offsets, counterclaims or other defenses available to PHH with respect to the Mortgage Loans under the Purchase and Servicing
Agreement;

 

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

 

    	2

    	 

    

 

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

 

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

 

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

 

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

 

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

 

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

 

    	3

    	 

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    	4

    	 

    

 

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

 

Restated PHH Representations and Warranties

 

12.          (i)          [Reserved].

 

(ii)         Pursuant
to Section 3.07 of the Purchase and Servicing Agreement, PHH hereby restates to Depositor and Assignee (a) the representations
and warranties set forth in Sections 3.01 and 3.02 of the Purchase and Servicing Agreement as of the date hereof and (b) the representations
and warranties set forth in Section 3.03 of the Purchase and Servicing Agreement with respect to each Mortgage Loan as of the respective
Funding Date, as if such representations and warranties were set forth herein in full. In the event of a breach of any representations
and warranties set forth in Sections 3.01, 3.02 or 3.03 of the Purchase and Servicing Agreement as of the Funding Date or the date
hereof, as the case may be, Depositor and Assignee shall be entitled to all of the remedies set forth in the Purchase and Servicing
Agreement.

 

Repurchase Upon Breach of Representations
and Warranties

 

13.         (a)          Assignor
hereby covenants and agrees that, if a breach of any representation and warranty set forth in Section 3.03 of the Purchase and
Servicing Agreement exists on the date hereof that materially and adversely affects the value of any Mortgage Loan or the interest
of Assignee in any Mortgage Loan and such breach did not exist as of the Funding Date of that Mortgage Loan, Assignor shall have
a period of 60 days from the earlier of either discovery or receipt of written notice from Assignee to Assignor of such breach
within which to correct or cure such breach. Each determination as to whether there has been such a breach shall be conducted on
a Mortgage Loan-by-Mortgage Loan basis. A breach of representations and warranties in the first sentence of Section 3.03(21) and
Sections 3.03(41) and (52) of the Purchase and Servicing Agreement shall be deemed to materially and adversely affect the value
of the related Mortgage Loan and the interest of the Assignee therein. Assignor hereby covenants and agrees that if any breach
cannot be corrected or cured within such 60 day period, then Assignor shall, at its option, (i) substitute a mortgage loan for
the Defective Mortgage Loan in accordance with the Purchase and Servicing Agreement, (ii) repurchase the related Mortgage Loan
at the Repurchase Price or (iii) except for a breach of a representation and warranty in Section 3.03(52) of the Purchase and Sale
Agreement, make an indemnification payment in an amount equal to the reduction in value of such Mortgage Loan as a result of such
breach not later than 90 days after its discovery or receipt of notice of such breach and in the case of clauses (ii) and (iii)
above, by wire transfer of immediately available funds to such account as Assignee shall specify to Assignor.

 

    	5

    	 

    

 

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

 

(c)          To
commence Arbitration, the moving party shall deliver written notice to the other party that it has elected to pursue Arbitration
in accordance with this Section 13, provided that if Assignor has not responded to Assignee's notification of a breach of a representation
and warranty, Assignee shall not commence Arbitration with respect to that breach before 60 days following such notification in
order to provide Assignor with an opportunity to respond to such notification. Within 10 Business Days after a party has provided
notice that it has elected to pursue Arbitration, each party may submit the names of one or more proposed Arbitrators to the other
party in writing. If the parties have not agreed on the selection of an Arbitrator within five Business Days after the first such
submission, then the party commencing Arbitration shall, within the next 5 Business Days, notify the American Arbitration Association
in New York, New York and request that it appoint a single Arbitrator with experience in arbitrating disputes arising in the financial
services industry.

 

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

 

    	6

    	 

    

 

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

 

Recognition of Assignee

 

14.         (a)          From
and after the date hereof, subject to Sections 16 and 17 below, PHH shall recognize Assignee as owner of the Mortgage Loans and
will service the Mortgage Loans and perform its obligations hereunder and under the Purchase and Servicing Agreement for the benefit
of the Assignee in accordance with this Agreement and the Purchase and Servicing Agreement, each as modified hereby and as may
be amended from time to time, as if Assignee and PHH had entered into a separate purchase and servicing agreement for the purchase
and servicing of the Mortgage Loans.

 

(b)          [Reserved].

 

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

 

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

 

Continuing Rights and Responsibilities

 

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

 

Purchase
and Servicing Agreement:

 

	Section	Matter
	 	 
	3.04	Repurchase and Substitution
	 	 
	7.06	Purchaser's Right to Examine Servicer Records; Reports

 

    	7

    	 

    

 

(b)          Notwithstanding
Sections 1, 2 and 14 above, Assignor reserves its rights under, and does not assign to Assignee or Depositor, the ongoing rights
to take action and the responsibilities of the Purchaser under the sections of the Purchase and Servicing Agreement listed below:

 

Purchase
and Servicing Agreement:

 

	Section	Matter
	3.06	Purchase Price Protection
	 	 
	Article XIII	Compliance with Regulation AB

 

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

 

Purchase and Servicing
Agreement:

 

	Section	 
	 	 
	5.09	Transfer of Accounts
	 	 
	6.02	Reporting
	 	 
	Section 13.04	Servicer Compliance Statement
	 	 
	Section 13.05	Report on Assessment of Compliance and Attestation

 

(d)          If
there is no Controlling Holder under the Pooling and Servicing Agreement, then all rights and responsibilities assumed by the Controlling
Holder pursuant to Section 16(a) shall terminate and revert to Assignee.

 

Assignor will provide thirty (30) days
notice to PHH, the Master Servicer and the Trustee of any such termination of which Assignor has knowledge.

 

    	8

    	 

    

 

Amendments to Purchase and Servicing
Agreement

 

17.         [Reserved].

 

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

 

(a)          Definitions.

 

(i)          The
definitions of “Arbitration,” “Business Day,” “Designated Guidelines,” “Eligible Account,”
“Escrow Account,” “Opinion of Counsel,” “Permitted Investment,” “Repurchase Price,”
“Servicing Fee” and “Servicing Fee Rate” set forth in Section 1.01 of the Purchase and Servicing Agreement
shall be deleted and replaced in their entirety as follows, and the definition of “Stated Principal Balance” as set
forth below shall be added to Section 1.01 following the definition of “Proprietary Lease” (capitalized terms not defined
in the Purchase and Servicing Agreement but listed on Attachment 3 shall be defined as specified on Attachment 3):Arbitration:
Arbitration in accordance with the then governing Commercial Arbitration Rules of the American Arbitration Association and administered
by the American Arbitration Association, which shall be conducted in New York, New York or other place mutually acceptable to the
parties to the arbitration.

 

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

 

Designated
Guidelines: As to each Mortgage Loan, the applicable set of underwriting guidelines in effect as of the origination date of
such Mortgage Loan, in the form provided by the Seller to the Purchaser, as may be updated and provided to the Purchaser from time
to time.

 

    	9

    	 

    

 

Eligible
Account: Any account or accounts maintained with a federal or state chartered depository institution or trust company that
satisfies each of the following criteria: (1) the short-term unsecured debt obligations of such entity are rated in the highest
rating category of Moody’s and the long-term unsecured debt obligations of such entity are rated in one of the two highest
rating categories of Moody’s; (2) if the unsecured debt obligations of such entity are rated by Kroll Bond Rating Agency,
Inc. (“KBRA”), then the short-term unsecured debt obligations of such entity are rated in the highest rating category
of KBRA and the long-term unsecured debt obligations of such entity are rated in one of the three highest rating categories of
KBRA; and (3) either (A) the short-term unsecured debt obligations of such entity are rated in the highest rating category
of Fitch and the long-term unsecured debt obligations of such entity are rated in one of the two highest rating categories of Fitch
or (B) the short-term deposit rating of such entity by Fitch is at least “F1” and the long-term deposit rating by Fitch
is at least “A”. If the ratings no longer satisfy each of these criteria, the funds on deposit therewith in connection
with this transaction shall be transferred to an Eligible Account within 30 days of such downgrade. Eligible Accounts may bear
interest.

 

Escrow Account:
The separate Eligible Account or Accounts created and maintained pursuant to Section 5.06 which shall be entitled “PHH Mortgage
Corporation, as trustee and/or bailee for Christiana Trust, a division of Wilmington Savings Fund Society, and/or payments of various
mortgagors, respectively.”

 

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

 

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

 

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

 

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

 

    	10

    	 

    

 

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

 

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

 

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

 

(vi)        any
money market funds rated in one of the two highest rating categories by the Rating Agency for long-term unsecured debt with a maturity
of more than one year or in the highest rating category with respect to short-term obligations, including any such fund managed
or advised by the Trustee or any of its Affiliates;

 

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

 

    	11

    	 

    

 

Repurchase
Price: With respect to any Mortgage Loan, a price equal to (i) the Unpaid Principal Balance of such Mortgage Loan plus (ii) interest
on such Unpaid Principal Balance at the Note Rate from and including the last Due Date through which interest has been paid by
or on behalf of the Mortgagor up to the Due Date following the date of repurchase, minus (iii) amounts received in respect of such
repurchased Mortgage Loan which are being held in the Collection Account for distribution in connection with such Mortgage Loan
and, if the Servicer is also the Seller, minus (iv) any unreimbursed Monthly Advances (including Non-recoverable Advances) and
any unpaid Servicing Fees made by or owing to the Servicer and allocable to such repurchased Mortgage Loan, which amounts shall
be deposited in the Collection Account for withdrawal by the Servicer in accordance with Section 5.05; provided, however,
that Servicer shall only be entitled to reimburse itself for Monthly Advances pursuant to Section 5.05(3) and any unpaid Servicing
Fees pursuant to Section 5.05(4) from Repurchase Price proceeds to the extent that such Monthly Advances and unpaid Servicing Fees
have not been subtracted in accordance with this definition; and provided, further, that, notwithstanding the provisions
of Section 5.05 to the contrary, if Servicer as Seller or Servicer is required to repurchase a Mortgage Loan pursuant to Section
3.04, Servicer’s right to reimburse itself pursuant to Section 5.05(4) shall be subsequent to the payment to Purchaser of
the Repurchase Price pursuant to Section 3.04, and all other amounts required to be paid to the Purchaser with respect to the Mortgage
Loan.

 

Servicing
Fee: With respect to each Mortgage Loan and any calendar month (or portion thereof) an amount equal to 1/12 of the product
of (i) the Stated Principal Balance of such Mortgage Loan and (ii) the Servicing Fee Rate applicable to such Mortgage Loan.

 

Servicing
Fee Rate: A per annum rate equal to 0.25%.

 

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

 

(b)          Servicing
Standard. In servicing the Mortgage Loans in accordance with the Purchase and Servicing Agreement and Customary Servicing Procedures,
the Servicer shall service the Mortgage Loans with a view to the best interests of all holders of the Sequoia Mortgage Trust 2012-6
Mortgage Pass-Through Certificates as a single class.

 

(c)          Collection
of Mortgage Loan Payments and Segregated Collection Account.

 

    	12

    	 

    

 

(i)          The
following paragraph shall be added to Section 5.02:

 

Mortgage Loan
payments received by the Servicer will be deposited within one Business Day of receipt into a clearing account that is an Eligible
Account. The Mortgage Loan payments may be commingled with payments of other mortgagors and investors for up to two Business Days
prior to the Servicer depositing the Mortgage Loan payments in the 2012-6 Collection Account. Such clearing account shall not be
used for operational or corporate purposes of the Servicer.

 

(ii)         The
Servicer shall establish a Collection Account pursuant to Section 5.04 of the Purchase and Servicing Agreement which shall be titled
“PHH Mortgage Corporation, as trustee and/or bailee for Christiana Trust, a division of Wilmington Savings Fund Society,
FSB, as trustee of the Sequoia Mortgage Trust 2012-6” (the “2012-6 Collection Account”), which shall be the Collection
Account under this Agreement for all purposes. If the 2012-6 Collection Account is no longer an Eligible Account, the Servicer
shall transfer the 2012-6 Collection Account to an account that is an Eligible Account.

 

(d)          Section
3.04 Repurchase and Substitution.

 

(i)          The
second paragraph of Section 3.04 shall be amended and replaced, to read in its entirety as follows:

 

Upon discovery
by the Seller, the Servicer or the Purchaser of a breach of any of the representations and warranties contained in Sections 3.01,
3.02 or 3.03 that materially and adversely affects the value of the Mortgage Loans or the interest of the Purchaser in the Mortgage
Loans (or that materially and adversely affects the value of the related Mortgage Loan or the interests of the Purchaser in the
related Mortgage Loan, in the case of a representation or warranty relating to a particular Mortgage Loan), the party discovering
such breach shall give prompt written notice to the other. Each determination as to whether there has been such a breach shall
be conducted on a Mortgage Loan-by-Mortgage Loan basis. A breach of representations and warranties in the first sentence of Section
3.03(21) and Sections 3.03(41) and (52) hereof, shall be deemed to materially and adversely affect the value of the related Mortgage
Loan and the interest of the Purchaser therein. With respect to the representations and warranties contained in Section 3.03 that
are made to the Seller’s knowledge, if it is discovered by either the Seller or the Purchaser that the substance of such
representation and warranty is inaccurate and such inaccuracy materially and adversely affects the value of the related Mortgage
Loan or the interests of the Purchaser therein, the Purchaser shall be entitled to all the remedies to which it would be entitled
for a breach of such representation or warranty, including, without limitation, the repurchase requirements contained herein, notwithstanding
Seller’s lack of knowledge with respect to the inaccuracy at the time the representation or warranty was made.

 

    	13

    	 

    

 

(ii)         Clause
(ii) of the second sentence of the third paragraph of Section 3.04 shall be amended and replaced, to read in its entirety as follows:

 

(ii) except
for a breach of the representation and warranty in Section 3.03(52) hereof, make an indemnification payment to Purchaser in an
amount equal to the reduction in value of such Mortgage Loan as a result of such breach.         

 

(iii)        The
last sentence of the third paragraph of Section 3.04 shall be amended and replaced, to read in its entirety as follows:

 

If the breach
of representation and warranty that gave rise to the obligation to repurchase or substitute a Mortgage Loan pursuant to this Section
3.04 was the representation and warranty set forth in clause (9) or (41) of Section 3.03 hereof, then the Seller shall pay to the
Purchaser, concurrently with and in addition to the remedies provided in this Section 3.04, an amount equal to any liability, penalty
or expense that was actually incurred and paid out of or on behalf of the Purchaser, and that directly resulted from such breach,
or if incurred and paid by or on behalf of the Purchaser thereafter, concurrently with such payment.

 

(e)          Section
5.01 Servicing Standards; Additional Documents; Consent of Purchaser.

 

(i) The first sentence
of Section 5.01(3)(c) shall be amended and replaced, to read in its entirety as follows:

 

(c)          consistent
with the terms of this Agreement, and subject to the REMIC Provisions if the Mortgage Loans have been transferred to a REMIC, the
Servicer may waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such
term or in any manner grant indulgence to any Mortgagor; provided, however, that (unless the Mortgagor is in default with
respect to the Mortgage Loan, or such default is, in the judgment of the Servicer, imminent,
and the Servicer has received the express written consent of the Purchaser) the Servicer shall not enter into any payment plan
or agreement to modify payments with a Mortgagor lasting more than twelve (12) months or permit any modification with respect to
any Mortgage Loan that would change the Mortgage Interest Rate, the Maximum Rate (if applicable), the Initial Rate Cap (if
applicable), the Periodic Rate Cap (if applicable) or the Gross Margin (if applicable), agree to the
capitalization of arrearages, including interest, fees or expenses owed under the Mortgage Loan, make any future advances or extend
the final maturity date with respect to such Mortgage Loan (provided that the Servicer shall in no event extend the final maturity
date past December 25, 2042 or, if such 25th day is not a Business Day, the next succeeding Business Day), or accept substitute
or additional collateral or release any collateral for such Mortgage Loan. 

 

    	14

    	 

    

 

(ii) The first three
sentences of Section 5.01(3)(h) shall be amended and replaced, to read in their entirety as follows:

 

(h)          notwithstanding
anything to the contrary contained herein, in connection with a foreclosure or acceptance of a deed in lieu of foreclosure, in
the event the Servicer has reasonable cause to believe that a Mortgaged Property is contaminated by hazardous or toxic substances
or wastes, or if the Purchaser otherwise requests an Environmental Assessment or review of such Mortgaged Property, such Environmental
Assessment or review shall be conducted at the Purchaser’s expense or shall be reimbursable as a Servicing Advance. Upon
completion of the Environmental Assessment, the Servicer shall promptly provide the Purchaser with a written report of the Environmental
Assessment. In the event (a) the Environmental Assessment report indicates that the Mortgaged Property is contaminated by hazardous
or toxic substances or wastes and (b) the Purchaser provides written approval for the Servicer to proceed with foreclosure or acceptance
of a deed in lieu of foreclosure, the Servicer shall be reimbursed for all reasonable costs associated with such foreclosure or
acceptance of a deed in lieu of foreclosure and any related environmental clean up costs, as applicable, from the related Liquidation
Proceeds, or if the Liquidation Proceeds are insufficient to fully reimburse the Servicer, the Servicer shall be entitled to be
reimbursed from amounts in the Collection Account pursuant to Section 5.05 hereof; provided, however, that if the costs
associated with the environmental clean up are projected to exceed $10,000, the Servicer shall notify the Purchaser and shall have
no obligation to proceed with foreclosure or acceptance of a deed in lieu of foreclosure, or otherwise remediate or incur any such
clean up costs.

 

(f)          Section
5.08 Payment of Taxes, Insurance and Other Charges; Maintenance of Primary Insurance Policies; Collections Thereunder.

 

(i)          The
first sentence of the second paragraph of Section 5.08 shall be amended and replaced, to read in its entirety as follows:

 

With respect
to each Mortgage Loan with a Loan-to-Value Ratio in excess of 80%, the Servicer shall promptly, without any cost to the Purchaser,
maintain in full force and effect a Primary Insurance Policy, conforming in all respects to the description set forth in Section
3.03(30) hereof, issued by an insurer described in that Section, with respect to each Mortgage Loan for which such coverage is
required.

 

    	15

    	 

    

 

(ii)         The
fourth sentence of the second paragraph of Section 5.08 shall be amended and replaced, to read in its entirety as follows:

 

The Servicer
shall not cancel or refuse to renew any Primary Insurance Policy in effect on the Funding Date that is required to be kept in force
under this Agreement unless a replacement Primary Insurance Policy for such canceled or nonrenewed policy is obtained from and
maintained with an insurer that satisfies the standards set forth in Section 3.03(30) hereof.

 

(g)          Section
5.13 Realization Upon Specially Serviced Mortgage Loans and REO Properties. The second sentence of the first paragraph of Section
5.13 shall be amended and replaced, to read in its entirety as follows:

 

In the event
that any payment due under any Mortgage Loan remains delinquent for a period of 45 days, the Servicer shall order an inspection
of the related Mortgaged Property and, except with respect to any Mortgage Loan for which the Servicer is in the process of modifying
or has modified the terms of such Mortgage Loan, if the Mortgage Loan remains delinquent for a period of 90 days or more, the Servicer
shall commence foreclosure proceedings in accordance with Customary Servicing Procedures and the guidelines set forth by Fannie
Mae, Freddie Mac, or FHFA, and FHA or VA, as applicable.

 

(h)          Section
8.02 Purchaser Financial Statements. Section 8.02 shall be amended and replaced, to read in its entirety as follows:

 

Section 8.02
[Reserved].

 

(i)          Section
11.01 Term and Termination. Clause (2) of Section 11.01 shall be amended and replaced, to read in its entirety as follows:

 

             (2)         In
any case other than as provided under clause (1) hereof, the obligations and responsibilities of the Servicer hereunder shall
terminate upon: the later of (a)(I) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage
Loan and (II) the disposition of all REO Property and the remittance of all funds due hereunder and (b) the exercise of a party
of its Clean-up Call (as such term is defined in the Pooling and Servicing Agreement).

 

    	16

    	 

    

 

(j)          REMIC
Provisions.

 

(i)          The
following definition of “REMIC Provisions” is hereby added to Section 1.01 of the Purchase and Servicing Agreement
(capitalized terms not defined in the Purchase and Servicing Agreement to be as defined in the Pooling and Servicing
Agreement):

 

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

 

(ii)         The
following additional provisions shall be added after Section 7.07, to read in its entirety as follows:

 

Section
7.08         Compliance with REMIC Provisions

 

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

 

(iii)        The
following paragraph shall be added to the end of Section 5.13, to read in its entirety as follows:

 

    	17

    	 

    

 

If a Mortgage
Loan is held by a REMIC, the Servicer shall not acquire any real property (or personal property incident to such real property)
in respect of such Mortgage Loan except in connection with a default or imminent default of such Mortgage Loan. In the event that
a REMIC acquires any real property (or personal property incident to such real property) in connection with a default or imminent
default of a Mortgage Loan, such property shall be disposed of by the Servicer as soon as practicable in a manner that, consistent
with prudent mortgage loan servicing practices, maximizes the net present value of the recovery to the Trust, but in any event
within three years after its acquisition by such REMIC unless the Servicer provides to the Purchaser and the Trustee and the Securities
Administrator under the Pooling and Servicing Agreement an Opinion of Counsel to the effect that the holding by such REMIC of such
Mortgaged Property subsequent to three years after its acquisition will not result in the imposition of taxes on “prohibited
transactions” on such REMIC as defined in Section 860F of the Code or under the law of any state in which real property securing
a Mortgage Loan owned by such REMIC is located or cause such REMIC to fail to qualify as a REMIC for federal income tax purposes
or for state tax purposes under the laws of any state in which real property securing a Mortgage Loan owned by such REMIC is located
at any time that any mortgage pass-through certificates representing interests in such REMIC are outstanding. The Servicer shall
conserve, protect and operate each such property for such REMIC solely for the purpose of its prompt disposition and sale in a
manner which does not cause such property to fail to qualify as “foreclosure property” within the meaning of Section
860G(a)(8) or result in the receipt by such REMIC of any “income from non-permitted assets” within the meaning of Section
860F(a)(2)(B) of the Code or any “net income from foreclosure property” which is subject to taxation under the REMIC
Provisions. Pursuant to its efforts to sell such property, the Servicer shall either itself or through an agent selected by the
Servicer protect and conserve such property in the same manner and to such extent as is customary in the locality where such property
is located and may, incident to its conservation and protection of the assets of the Trust, rent the same, or any part thereof,
as the Servicer deems to be in the best interest of the Trust for the period prior to the sale of such property. Additionally,
the Servicer shall perform the tax withholding and shall file information returns with respect to the receipt of mortgage interests
received in a trade or business, the reports of foreclosures and abandonments of any Mortgaged Property and the information returns
relating to cancellation of indebtedness income with respect to any Mortgaged Property required by Sections 6050H, 6050J and 6050P,
respectively, of the Code, and deliver to the Purchaser and the Trustee and the Securities Administrator under the Pooling and
Servicing Agreement an Officers’ Certificate on or before March 31 of each year stating that such reports have been filed.
Such reports shall be in form and substance sufficient to meet the reporting requirements imposed by Sections 6050H, 6050J and
6050P of the Code.

 

(k)          Form
of Monthly Report.         The Servicer shall provide monthly accounting reports
to the Purchaser and Master Servicer, pursuant to Section 6.02 of the Purchase and Servicing Agreement, with the information included
in the ASF RMBS Reporting Package issued by the American Securitization Forum on July 15, 2009, as revised from time to time,
to the extent available.

 

(l)          Avoidance
of Consolidation.

 

(i)          An
additional “Event of Default” shall be listed in Section 10.01, to be inserted after clause (10), to read in its entirety
as follows:

 

or (11) the
purchase or holding of any securities issued in a Securitization Transaction by any Servicer that is an insured depository institution,
as such term is defined in the Federal Deposit Insurance Act (an “insured depository institution”) (any Servicer that
is an insured depository institution, an “IDI Servicer”) such that the IDI Servicer is required to consolidate any
of the Mortgage Loans on its financial statements under U.S. generally accepted accounting principles;

 

    	18

    	 

    

 

(ii)         The
following Section 9.05 shall be inserted after Section 9.04, to read in its entirety as follows:

 

Section 9.05         Avoidance
of Consolidation.

 

(a)          Each
IDI Servicer hereby covenants and agrees that it shall not hold or purchase any certificate (a “Certificate”) issued
by the trust created by the Pooling and Servicing Agreement referred to herein (the “Trust”) as part of the initial
offering of Certificates or if its holding or purchase of such Certificate (or interest therein) would cause such IDI Servicer
to be required to consolidate any assets of the issuing entity on its financial statements under U.S. generally accepted accounting
principles (“Consolidate” or “Consolidation”). Any IDI Servicer shall be deemed to have represented by
virtue of its purchase or holding of such Certificate (or interest therein) that its holding or purchase of such Certificate (or
interest therein) will not cause such IDI Servicer to be required to Consolidate any assets of the issuing entity on its financial
statements.

 

If an IDI
Servicer's holding or purchase of a Certificate (or interest therein) does in fact cause such Consolidation, then the last preceding
transferee that is not required to Consolidate shall be restored, to the extent permitted by law, to all rights and obligations
as owner of such Certificate retroactive to the date of such transfer of such Certificate. If an IDI Servicer holds or purchases
a Certificate (or interest therein) in violation of the restrictions in this Section 9.05 and to the extent that the retroactive
restoration of the rights of the owner of such Certificate as described in the immediately preceding sentence shall be invalid,
illegal or unenforceable, then the Securities Administrator shall have the right, without notice to the owner or any prior owner
of such Certificate, to sell such Certificate to a purchaser selected by the Securities Administrator on such terms as the Securities
Administrator may choose. The IDI Servicer shall promptly endorse and deliver such Certificate in accordance with the instructions
of the Securities Administrator. The proceeds of such sale, net of the commissions (which may include commissions payable to the
Securities Administrator or its affiliates), expenses and taxes due, if any, shall be remitted by the Securities Administrator
to the IDI Servicer. The terms and conditions of any sale under this Section 9.05 shall be determined in the sole discretion of
the Securities Administrator, and the Securities Administrator shall not be liable to any owner of a Certificate as a result of
its exercise of such discretion. The IDI Servicer shall indemnify and hold harmless the Depositor and the Trust from and against
any and all losses, liabilities, claims, costs or expenses incurred by such parties as a result of such holding or purchase resulting
in a Consolidation.

 

    	19

    	 

    

 

(b)          The
Servicer covenants and agrees that it shall not transfer its servicing rights and duties under this Agreement to an insured depository
institution (an insured depository institution in such capacity, a “servicer transferee”) unless the Servicer shall
have received a representation from the servicer transferee that the acquisition of such servicing rights and duties will not cause
the servicer transferee to be required to Consolidate any assets of the Trust on its financial statements. Any servicer transferee
shall be deemed to have represented by virtue of its acquisition of such servicing rights and duties that such acquisition will
not cause Consolidation. Any servicer transferee whose acquisition of such servicing rights and duties was effected in violation
of the restrictions in this Section 9.05 shall indemnify and hold harmless the Servicer, the Depositor and the Trust from and against
any and all losses, liabilities, claims, costs or expenses incurred by such parties as a result of such acquisition.

 

(m)          The
Designated Guidelines attached as Exhibit 1.01 are hereby removed from the Purchase and Servicing Agreement and the reference to
Designated Guidelines in the Table of Contents shall be replaced with “[Reserved.]”

 

(n)          The
first sentence of Section 5.14 is hereby deleted and replaced in its entirety with the following:

 

If title to
any Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure (each, an “REO Property”), the
deed or certificate of sale shall be taken in the name of the Trust, where permitted by applicable law or regulation, and where
not so permitted, in the name of the trustee of the Trust or its nominee.

 

(o)          Servicer
Reports. The Servicer shall provide monthly reports to the Purchaser pursuant to Section 6.02 in the formats attached hereto
as Exhibits 13 and 14, or in such other format as the Servicer, the Purchaser and the Depositor shall agree in writing.

 

(p)          Indemnification
Expenses. The second sentence of Section 9.01 is hereby deleted and replaced in its entirety with the following:

 

The Seller
or Servicer, as the case may be, shall immediately (i) notify the Purchaser if a claim is made by a third party with respect to
this Agreement, any Mortgage Loan and/or any REO Property (ii) assume the defense of any such claim and pay all expenses in connection
therewith, including attorneys’ fees, and (iii) promptly pay, discharge and satisfy any judgment, award, or decree that may
be entered against it or the Purchaser in respect of such claim.

 

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

 

    	20

    	 

    

 

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

 

Miscellaneous

 

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

 

(a)          In
the case of PHH,

 

PHH Mortgage Corporation

One Mortgage Way

Mount Laurel, New Jersey
08054

Attention: Vice President
Servicing

 

with a copy to

 

PHH Mortgage Corporation

One Mortgage Way

Mount Laurel, New Jersey
08054

Attention: Fred Kinkler,
Assistant General Counsel

 

(b)          In
the case of Assignee,

 

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

500 Delaware Avenue,
11th Floor

Wilmington, Delaware,
19801

Attention: Corporate
Trust – Sequoia Mortgage Trust 2012-6

 

(c)          In
the case of Depositor,

 

Sequoia Residential Funding,
Inc.

One Belvedere Place,
Suite 360

Mill Valley, California
94941

Attention: William Moliski

 

    	21

    	 

    

 

with a copy to

 

General Counsel at the
same address

 

(d)          In
the case of Assignor,

 

Redwood Residential Acquisition
Corporation

One Belvedere Place,
Suite 360

Mill Valley, California
94941

Attention: William Moliski

 

with a copy to

 

General Counsel at the
same address

 

(e)          In
the case of the Master Servicer,

 

Wells Fargo Bank, N.A.

9062
Old Annapolis Road

Columbia, Maryland 21045

 

Telephone number: (410)
884-2000

Facsimile number: (410) 715-2380

Attention: Client Manager — Sequoia Mortgage Trust 2012-6

 

(f)          In
the case of the Controlling Holder,

 

Sequoia Mortgage Funding
Corporation

One Belvedere Place,
Suite 360

Mill Valley, California
94941

Attention: William Moliski

 

with a copy to

 

General Counsel at
the same address

 

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

 

22.         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.

 

    	22

    	 

    

 

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

 

24.         This
Agreement shall survive the conveyance of the Mortgage Loans, the assignment the Purchase and Servicing Agreement by Assignor to
Assignee, and the termination of the Purchase and Servicing Agreement.

 

25.         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.

 

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

 

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

 

28.         Master
Servicer. PHH hereby acknowledges that the Assignee has appointed Wells Fargo Bank, N.A. to act as master servicer and securities
administrator under the Pooling and Servicing Agreement and hereby agrees to treat all inquiries, demands, instructions, authorizations
and other communications from the Master Servicer as if the same had been received from the Assignee. The Master Servicer, acting
on behalf of the Assignee, shall have the rights of the Assignee hereunder and the rights of the Assignee as the Purchaser under
the Purchase and Servicing Agreement, including, without limitation, the right to enforce the obligations of the Seller and Servicer
hereunder and thereunder and the right to exercise the remedies of the Purchaser hereunder and thereunder, except to the extent
such rights have been retained by the Assignor under Section 16 hereof.

 

    	23

    	 

    

 

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

 

Wells Fargo Bank, N.A.

San Francisco, California

ABA# 121-000-248

Account #3970771416

Account Name: SAS Clearing

FFC: Account #38993800, Sequoia
Mortgage Trust 2012-6 Distribution Account

 

30.         PHH
acknowledges that the custodian will be Wells Fargo Bank, N.A. acting pursuant to the Custodial Agreement. Requests for Mortgage
Loan Documents under Section 2.04 of the Purchase and Servicing Agreement shall be directed to Wells Fargo Bank, N.A., as custodian,
using the form of Request for Release in the form of Exhibit F hereto. PHH shall provide the Custodian with the specimen signatures
of PHH's authorized servicing representatives using the form in Exhibit D-3 hereto. Notwithstanding Section 2.04 of the Purchase
and Servicing Agreement, PHH shall pay shipping expenses for any Mortgage Loan Documents if there has been a breach of any representation
or warranty made with respect to the related Mortgage Loan in Section 3.03 of the Purchase and Servicing Agreement.

 

31.         Assignor
hereby requests that PHH furnish each Mortgagor with the notice described in Section 2.07 of the Purchase and Servicing Agreement,
in accordance with the terms of Section 2.07 therein, and PHH hereby covenants that it shall furnish each Mortgagor with such notice
as provided therein.

 

32.         PHH
hereby agrees that it shall provide information with respect to the Mortgage Loans or the origination or servicing thereof to any
Rating Agency or nationally recognized statistical rating organization (“NRSRO”) via electronic mail at rmbs17g5informationprovider@wellsfargo.com,
with a subject reference of “SEMT 2012-6” and an identification of the type of information being provided in the body
of such electronic mail. The Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information
Provider”) shall notify PHH in writing of any change in the identity or contact information of the Rule 17g-5 Information
Provider. PHH shall have no liability for (i) the Rule 17g-5 Information Provider’s failure to post information provided
by it in accordance with the terms of this Agreement or (ii) any malfunction or disabling of the website maintained by the Rule
17g-5 Information Provider. None of the foregoing restrictions in this Section 31 prohibit or restrict oral or written communications,
or providing information, between PHH, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such
Rating Agency’s or NRSRO’s review of the ratings it assigns to PHH, (ii) such Rating Agency’s or NRSRO’s
approval of PHH as a residential mortgage master, special or primary servicer, or (iii) such Rating Agency’s or NRSRO’s
evaluation of PHH’s origination or servicing operations in general; provided, however, that PHH shall not provide any information
relating to the Mortgage Loans to such Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency
or NRSRO unless: (x) borrower, property or deal specific identifiers are redacted; or (y) such information has already been provided
to the Rule 17g-5 Information Provider.

 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT
BLANK]

 

    	24

    	 

    

 

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

 

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

        Wilmington Savings Fund
        Society, FSB,

        not in its individual capacity but solely as Trustee,

	 	 
	 	Assignee
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	PHH MORTGAGE CORPORATION
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

	Accepted and agreed to by:	 
	 	 
	WELLS FARGO BANK, N.A.	 
	Master Servicer	 
	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 

 

Signature Page to
Assignment, Assumption and Recognition Agreement – PHH (SEMT 2012-6)

 

    	 

    	 

    

 

ATTACHMENT 1

 

MORTGAGE LOAN SCHEDULE

   

	 	1	2	3	4	5	6	7	8	9	10
	 	Primary

    Servicer	Servicing
    Fee

 %	Servicing

Fee—

 Flatdollar	Servicing

    Advance

 Methodology	Originator	Loan
    

Group	Loan

Number	Amortization

    Type	Lien
    

Position	HELOC

    Indicator
	1	1000200	0.002500	 	 	1000200	 	7116697082	1	1	0
	2	1000200	0.002500	 	 	1000200	 	5040708736	1	1	0
	3	1000200	0.002500	 	 	1000200	 	7116555942	1	1	0
	4	1000200	0.002500	 	 	1000200	 	7125277421	1	1	0
	5	1000200	0.002500	 	 	1000200	 	7125840822	1	1	0

 

	 	11	12	13	14	15	16	17	18	19	20
	 	Loan
    

Purpose	Cash
    Out

 Amount	Total
    

Origination and 

Discount Points	Covered/

High
    Cost

 Loan Indicator	Relocation
    Loan

 Indicator	Broker

    Indicator	Channel	Escrow

    Indicator	Senior
    Loan
 Amount(s)	Loan
    Type of

 Most
 Senior Lien
	1	3	 	 	 	 	 	1	0	0	 
	2	9	 	 	 	 	 	1	0	0	 
	3	7	 	 	 	 	 	1	4	0	 
	4	7	 	 	 	 	 	1	4	0	 
	5	7	 	 	 	 	 	1	4	0	 

  

	 	21	22	23	24	25	26	27	28	29	30
	 	Hybrid
    

Period of
 Most Senior

 Lien (in
 months)	Neg
    Am 

Limit of
 Most Senior

 Lien	Junior

    Mortgage
 Balance	Origination

    Date of
 Most Senior Lien	Origination
    Date	Original

    Loan
 Amount	Original

    Interest
 Rate	Original

    Amortization 

Term	Original
    

Term to
 Maturity	First
    Payment

 Date
 of Loan
	1	 	 	0.00	 	20120706	800000.00	0.046250	360	360	20120901
	2	 	 	0.00	 	20120919	699700.00	0.041250	360	360	20121101
	3	 	 	0.00	 	20120906	560000.00	0.042500	360	360	20121101
	4	 	 	0.00	 	20120914	695000.00	0.040000	360	360	20121101
	5	 	 	0.00	 	20120907	516500.00	0.040000	360	360	20121101

  

	 	31	32	33	34	35	36	37	38	39	40
	 	Interest

    Type
 Indicator	Original

    Interest
 Only Term	Buy
    Down

 Period	HELOC
    

Draw Period	Current
    

Loan
 Amount	Current

    Interest
 Rate	Current

    Payment
 Amount Due	Interest
    Paid
 Through Date	Current
    

Payment
 Status	Index

    Type
	1	1	0	0	 	797936.45	0.046250	4113.12	20121001	0	0
	2	1	0	0	 	698714.12	0.041250	3391.09	20121001	0	0
	3	1	0	0	 	559228.47	0.042500	2754.86	20121001	0	0
	4	1	0	0	 	693998.63	0.040000	3318.04	20121001	0	0
	5	1	0	0	 	516500.00	0.040000	2465.85	20121001	0	0

  

	 	41	42	43	44	45	46	47	48	49	50
	 	ARM

    Look-back
 Days	Gross

    Margin	ARM

    Round Flag	ARM
    

Round Factor	Initial
    

Fixed Rate
 Period	Initial
    

Interest Rate
 Cap

 (Change Up)	Initial
    

Interest Rate
 Cap

 (Change Down)	Subsequent

    Interest
 Rate Reset Period	Subsequent

    Interest
 Rate Cap 

(Change Down)	Subsequent

    Interest
 Rate Cap

 (Change Up)
	1	 	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 	 	 

  

	 	51	52	53	54	55	56	57	58	59	60
	 	Lifetime

    Maximum
 Rate (Ceiling)	Lifetime

    Minimum
 Rate (Floor)	Negative

    Amortization

 Limit	Initial
    Negative
 Amortization 

Recast Period	Subsequent

    Negative
 Amortization 

Recast Period	Initial
    

Fixed
 Payment Period	Subsequent

    Payment

 Reset Period	Initial

    Periodic
 Payment Cap	Subsequent

    Periodic

 Payment Cap	Initial

    Minimum
 Payment

 Reset Period
	1	 	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 	 	 

  

	 	61	62	63	64	65	66	67	68	69	70
	 	Subsequent

    Minimum

 Payment
 Reset Period	Option

    ARM
 Indicator	Options
    at

 Recast	Initial

Minimum 

Payment	Current

    Minimum
 Payment	Prepayment
    

Penalty

 Calculation	Prepayment
    

Penalty

 Type	Prepayment

    Penalty
 Total Term	Prepayment
    

Penalty
 Hard Term	Primary

    Borrower

 ID
	1	 	 	 	 	 	 	 	0	 	350
	2	 	 	 	 	 	 	 	0	 	74
	3	 	 	 	 	 	 	 	0	 	358
	4	 	 	 	 	 	 	 	0	 	170
	5	 	 	 	 	 	 	 	0	 	163

  

	 	71	72	73	74	75	76	77	78	79	80
	 	Number
    of
 Mortgaged
 Properties	Total
    Number of
 Borrowers	Self-

employment

    Flag	Current

    ‘Other’
 Monthly Payment	Length
    of
 Employment:
 Borrower	Length
    of
 Employment: 

Co-
 Borrower	Years
    in

 Home	FICO
    

Model Used	Most
    Recent

 FICO Date	Primary

    Wage 

Earner Original
 FICO: Equifax
	1	1	 	0	 	14.7	5.6	2	1	 	 
	2	3	 	1	 	23.6	0	12	1	 	 
	3	3	 	0	 	7.3	0	0	1	 	 
	4	1	 	0	 	3.6	0	0	1	 	 
	5	1	 	0	 	0.1	0	0	1	 	 

  

	 	81	82	83	84	85	86	87	88	89	90
	 	Primary

    Wage Earner 

Original
 FICO:

 Experian	Primary
    

Wage Earner

 Original
 FICO:

 TransUnion	Secondary

    Wage Earner

 Original
 FICO:

 Equifax	Secondary

    Wage Earner 

Original
 FICO:

 Experian	Secondary
    

Wage Earner 

Original
 FICO:

 TransUnion	Original

    Primary

 Borrower
 FICO	Most
    Recent
 Primary

 Borrower
 FICO	Most
    

Recent Co-
 Borrower

 FICO	Most
    

Recent FICO
 Method	VantageScore:

    Primary

 Borrower
	1	 	 	 	 	 	798	 	 	 	 
	2	 	 	 	 	 	746	 	 	 	 
	3	 	 	 	 	 	796	 	 	 	 
	4	 	 	 	 	 	803	 	 	 	 
	5	 	 	 	 	 	776	 	 	 	 

  

	 	91	92	93	94	95	96	97	98	99	100
	 	VantageScore:

    Co-
 Borrower	Most

    Recent
 VantageScore
 Method	VantageScore

    Date	Credit

    Report:
 Longest 

Trade

 Line	Credit
    

Report:
 Maximum Trade
 Line	Credit
    

Report:
 Number of Trade
 Lines	Credit

    Line Usage
 Ratio	Most
    

Recent 12-
 month

 Pay History	Months
    

Bankruptcy	Months

    Foreclosure
	1	 	 	 	 	 	 	 	000000000000	 	 
	2	 	 	 	 	 	 	 	000000000000	 	 
	3	 	 	 	 	 	 	 	000000000000	 	 
	4	 	 	 	 	 	 	 	000000000000	 	 
	5	 	 	 	 	 	 	 	000000000000	 	 

  

	 	101	102	103	104	105	106	107	108	109	110
	 	Primary

    Borrower
 Wage Income	Co-Borrower

    Wage
 Income	Primary

    Borrower
 Other Income	Co-Borrower
    Other
 Income	All
    Borrower

 Wage
 Income	All
    Borrower 

Total
 Income	4506-T

    Indicator	Borrower
    

Income
 Verification 

Level	Co-Borrower

    Income 

Verification	Borrower

    Employment
 Verification
	1	14407.00	0.00	2950.00	0.00	14407.00	17357.00	0	5	 	3
	2	22333.00	0.00	11.00	-225.00	22333.00	22119.00	0	4	 	3
	3	12025.00	0.00	7668.00	0.00	12025.00	19693.00	1	5	 	3
	4	15833.00	0.00	0.00	0.00	15833.00	15833.00	0	5	 	3
	5	16033.33	0.00	0.00	0.00	16033.33	16033.33	0	5	 	3

  

	 	111	112	113	114	115	116	117	118	119	120
	 	Co-Borrower

    Employment
 Verification	Borrower

    Asset
 Verification	Co-Borrower

    Asset
 Verification	Liquid
    

/ Cash
 Reserves	Monthly
    

Debt All
 Borrowers	Originator

    DTI	Fully
    

Indexed Rate	Qualification

    Method	Percentage

    of Down
 Payment from
 Borrower Own
 Funds	City
	1	 	4	 	483786.69	5594.72	0.3223	 	 	 	SAN FRANCISCO
	2	 	4	 	852487.22	8363.70	0.3781	 	 	 	BELLINGHAM
	3	 	4	 	132808.41	8257.63	0.4193	 	 	100	WESTON
	4	 	4	 	123222.27	4520.83	0.2855	 	 	100	TORRANCE
	5	 	4	 	30608.64	4197.78	0.2618	 	 	99.98	ST SIMONS ISLAND

 

	 	121	122	123	124	125	126	127	128	129	130
	 	State	Postal

    Code	Property

    Type	Occupancy	Sales

    Price	Original

    Appraised
 Property Value	Original

    Property
 Valuation Type	Original

    Property
 Valuation Date	Original

    Automated
 Valuation Model
 (AVM) Model Name	Original
    

AVM
 Confidence Score
	1	CA	94127	1	1	 	1390000.00	3	20120514	 	 
	2	WA	98229	7	1	 	1850000.00	3	20120720	 	 
	3	FL	33327	7	1	700000.00	704000.00	3	20120716	 	 
	4	CA	90505	1	1	995000.00	995000.00	3	20120818	 	 
	5	GA	31522	7	1	756500.00	832000.00	3	20120821	 	 

 

	 	131	132	133	134	135	136	137	138	139	140
	 	Most
    Recent
 Property

 Value2	Most
    Recent
 Property

 Valuation
 Type	Most
    Recent
 Property

 Valuation
 Date	Most
Recent AVM
 Model Name	Most
    Recent AVM
 Confidence
  Score	Original

    CLTV	Original

    LTV	Original

    Pledged
 Assets	Mortgage

    Insurance
 Company Name	Mortgage

    Insurance
 Percent
	1	 	 	 	 	 	0.5755	0.5755	0	0	0
	2	 	 	 	 	 	0.3782	0.3782	0	0	0
	3	 	 	 	 	 	0.8000	0.8000	0	0	0
	4	 	 	 	 	 	0.6984	0.6984	0	0	0
	5	 	 	 	 	 	0.6827	0.6827	0	0	0

 

	 	141	142	143	144	145	146	147	148	149	150
	 	MI:
    Lender or
 Borrower

 Paid?	Pool

    Insurance Co.
 Name	Pool

    Insurance Stop
 Loss %	MI

    Certificate
 Number	Updated

    DTI
 (Front-end)	Updated

    DTI
 (Back-end)	Modification

    Effective

 Payment
 Date	Total

    Capitalized
 Amount	Total

    Deferred
 Amount	Pre-

Modification

    Interest

 (Note) Rate
	1	 	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 	 	 

 

	 	151	152	153	154	155	156	157	158	159	160
	 	Pre-

Modification

    P&I
 Payment	Pre-

Modification

    Initial Interest

 Rate Change

 Downward
 Cap	Pre-

Modification

    Subsequent

 Interest
 Rate Cap	Pre-

Modification

    Next Interest

 Rate
 Change Date	Pre-

Modification

    I/O
 Term	Forgiven

    Principal
 Amount	Forgiven

    Interest
 Amount	Number
    of
 Modifications	Cash
    To/From

 Brrw at Closing	Brrw
    - Yrs

 at in Industry
	1	 	 	 	 	 	 	 	 	 	17
	2	 	 	 	 	 	 	 	 	 	50
	3	 	 	 	 	 	 	 	 	 	17
	4	 	 	 	 	 	 	 	 	 	3.6
	5	 	 	 	 	 	 	 	 	 	4

 

	 	161	162	163	164	165	166	167
	 	CoBrrw
    - Yrs 

at in Industry	Junior
    Mortgage

 Drawn Amount	Maturity

    Date	Primary
    Borrower 

Wage Income (Salary)	Primary
    Borrower 

Wage Income (Bonus)	Primary
    Borrower 

Wage Income (Commission)	Co-Borrower
    Wage

 Income (Salary)
	1	5.6	0.00	20420801	14407.00	3175.00	0.00	0.00
	2	0	0.00	20421001	22333.00	0.00	0.00	0.00
	3	0	0.00	20421001	12025.00	7668.00	0.00	0.00
	4	0	0.00	20421001	15833.00	0.00	0.00	0.00
	5	0	0.00	20421001	16033.33	0.00	0.00	0.00

 

	 	168	169	170	171	172
	 	Co-Borrower
    Wage

 Income (Bonus)	Co-Borrower
    Wage 

Income (Commission)	Originator
    

Doc Code	RWT
    Income 

Verification	RWT
    Asset 

Verification
	1	0.00	0.00	Full	Two Years	Two Months
	2	0.00	0.00	Full	Two Years	Two Months
	3	0.00	0.00	Full	Two Years	Two Months
	4	0.00	0.00	Full	Two Years	Two Months
	5	0.00	0.00	Full	Two Years	Two Months

 

    	 

    	 

    

 

ASF RMBS DISCLOSURE PACKAGE

 

The American Securitization Forum is a broad-based professional forum through which participants
in the U.S. securitization market advocate their common interests on important legal, regulatory and market practice issues.
ASF members include over 380 firms, including issuers, investors, servicers, financial intermediaries, rating agencies, financial
guarantors, legal and accounting firms, and other professional organizations involved in securitization transactions. The
ASF also provides information, education and training on a range of securitization market issues and topics through industry
conferences, seminars and similar initiatives. For more information about ASF, its members and activities, please go to www.americansecuritization.com.

 

	Field
                                                                                                                                                                                                                       

        Number
	Field
    Name	Field
    Description	Type
                                                                                                                                     of
                                                                                                                                     

        Field
	Data
    Type	Sample
    Data	Format	When
                                                                                                                                     

        Applicable?
	Valid
    Values	Proposed
                                                                                                                                     

        Unique
        

        Coding
	Notes
	1	Primary
    Servicer	The MERS
    Organization ID of the company that has or will have the right to service the loan.	General
    Information	Numeric
    – Integer	2351805	9(7)	Always	“9999999”
    if Unknown		
	2	Servicing
    Fee—Percentage	Aggregate
    monthly fee paid to all servicers, stated in decimal form.	General
    Information	Numeric
    - Decimal	0.0025	9.999999	Loans
    without flat-dollar servicing fees	>=
    0 and < 1		Must
    be populated if Field 3 is Null
	3	Servicing
    Fee—Flat-dollar	Aggregate
    monthly fee paid to all servicers, stated as a dollar amount.	General
    Information	Numeric
    – Decimal	7.5	9(3).99	Loans
    with flat-dollar servicing fees	>=
                                                                                        0 and

        <=
        999
		Must
    be populated if 2 is Null
	4	Servicing
    Advance Methodology	The manner
    in which principal and/or interest are to be advanced by the servicer.	General
    Information	Numeric
    – Integer	2	99	Always	See
    Coding	1
                                                                                        = Scheduled Interest, Scheduled Principal

        2 = Actual Interest, Actual
        Principal

        3 = Scheduled Interest,
        Actual Principal

        99 = Unknown
	
	5	Originator	The MERS
    Organization ID of the entity that lends funds to the borrower and, in return, places a lien on the mortgage property as collateral.	General
    Information	Numeric
    – Integer	5938671	9(7)	Always	“9999999”
    if Unknown		
	6	Loan
    Group	Indicates
    the collateral group number in which the loan falls (for structures with multiple collateral groups). Use “1”
    if there is only one loan group.	General
    Information	Text	1A	XXXX	Always	“UNK”
    if Unknown		
	7	Loan
    Number	Unique National
    Mortgage Loan ID Number (Vendor TBD).	General
    Information	Numeric
    – Integer	TBD	TBD	Always	TBD		Details
    to be provided by Vendor
	8	Amortization
    Type	Indicates
    whether the loan’s interest rate is fixed or adjustable (Hybrid ARMs are adjustable).	Loan
    Type	Numeric
    – Integer	2	99	Always	See
    Coding	1
                                                                                        = Fixed

        2 = Adjustable

        99 = Unknown
	
	9	Lien
    Position	A number
    indicating the loan’s lien position (1 = first lien, etc.).	Loan
    Type	Numeric
    – Integer	1	99	Always	>0	99 = Unknown	
	10	HELOC
    Indicator	Indicates
    whether the loan is a home equity line of credit.	Loan
    Type	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                        = No

        1 = Yes

        99 = Unknown
	
	11	Loan
    Purpose	Indicates
    the purpose of the loan.	Loan
    Type	Numeric
    – Integer	9	99	Always	See
    Coding	See
    Appendix A	
	12	Cash
    Out Amount	Cash Out
    Amount: [New Loan] – [PIF Prior First Lien] – [Payoff of all Seasoned Seconds] – [Closing Costs] –
    [Prepays]
 
 For delayed purchases (refinances on homes purchased < 12 months prior to the mortgage application)
    with cash) Cash Out Amount = 0.	Loan
    Type	Numeric
    – Decimal	72476.5	9(10).99	Always	>=
    0		
	13	Total
    Origination and Discount Points (in dollars)	Amount paid
    to the lender to increase the lender’s effective yield and, in the case of discount points, to reduce the interest rate
    paid by the borrower.	Loan
    Type	Numeric
    – Decimal	5250	9(10).99	Always	>=
    0		Typically
    Lines 801 and 802 of HUD Settlement Statement
	14	Covered/High
    Cost Loan Indicator	Indicates
    whether the loan is categorized as “high cost” or “covered” according to state or federal statutes
    or regulations.	Loan
    Type	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                        = No

        1 = Yes

        99 = Unknown
	
	15	Relocation
    Loan Indicator	Indicates
    whether the loan is part of a corporate relocation program.	Loan
    Type	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                        = No

        1 = Yes

        99 = Unknown
	
	16	Broker
    Indicator	Indicates
    whether a broker took the application.	Loan
    Type	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                        = No

        1 = Yes

        99 = Unknown
	
	17	Channel	Code indicating
    the source (channel) from which the Issuer obtained the mortgage loan.	Loan
    Type	Numeric
    – Integer	2	99	Always	See
    Coding	1
                                                                                        = Retail

        2 = Broker

        3 = Correspondent Bulk

        4 = Correspondent Flow
        with delegated underwriting

        5 = Correspondent Flow
        without delegated underwriting

        99 = Unknown
	
	18	Escrow
    Indicator	Indicates
    whether various homeownership expenses are paid by the borrower directly or through an escrow account (as of securitization
    cut-off date).	Loan
    Type	Numeric
    – Integer	3	99	Always	See
    Coding	0
                                                                                        = No Escrows

        1 = Taxes

        2 = Insurance

        3 = HOA dues

        4 = Taxes and Insurance

        5 = All

        99 =Unknown
	
	19	Senior
    Loan Amount(s)	For non-first
    mortgages, the sum of the balances of all associated senior mortgages at the time of origination of the subordinate lien.	Mortgage
    Lien Info	Numeric
    – Decimal	611004.25	9(10).99	If
    Lien Position > 1	>=
    0		
	20	Loan
    Type of Most Senior Lien	For non-first
    mortgages, indicates whether the associated first mortgage is a Fixed, ARM, Hybrid, or negative amortization loan.	Mortgage
    Lien Info	Numeric
    – Integer	2	99	If
    Lien Position > 1	See
    Coding	1
                                                                                        = Fixed Rate

        2 = ARM

        3 = Hybrid

        4 = Neg Am

        99 = Unknown
	
	21	Hybrid
    Period of Most Senior Lien (in months)	For non-first
    mortgages where the associated first mortgage is a hybrid ARM, the number of months remaining in the initial fixed interest
    rate period for the hybrid first mortgage.	Mortgage
    Lien Info	Numeric
    – Integer	23	999	If
                                                                                        Lien Position > 1

        AND
        the most senior lien is a hybrid ARM (see Field 20)
	>=
    0		
	22	Neg
    Am Limit of Most Senior Lien	For non-first
    mortgages where the associated first mortgage features negative amortization, the maximum percentage by which the negatively
    amortizing balance may increase (expressed as a proportion of the senior lien’s original balance).	Mortgage
    Lien Info	Numeric
    – Decimal	1.25	9.999999	If
                                                                                        Lien Position > 1

        AND
        the senior lien is Neg Am (see Field 20)
	>=
    1 and <= 2		
	23	Junior
    Mortgage Balance	For first
    mortgages with subordinate liens at the time of origination, the combined balance of the subordinate liens (if known).	Mortgage
    Lien Info	Numeric
    – Decimal	51775.12	9(10).99	If
    Lien Position = 1 and there is a 2nd lien on the subject property	>=
    0		Subject
    to Regulatory Confirmation
	24	Origination
    Date of Most Senior Lien	For non-first
    mortgages, the origination date of the associated first mortgage.	Mortgage
    Lien Info	Date	20090914	YYYYMMDD	If
    Lien Position > 1 and there is a 2nd lien on the subject property	“19010101”
    if unknown		
	25	Origination
    Date	The date
    of the Mortgage Note and Mortgage/Deed of Trust	Loan
    Term and Amortization Type	Date	20090914	YYYYMMDD	Always	“19010101”
    if unknown		
	26	Original
    Loan Amount	The dollar
    amount of the mortgage loan, as specified on the mortgage note at the time of the loan’s origination. For HELOCs, the
    maximum available line of credit.	Loan
    Term and Amortization Type	Numeric
    – Decimal	150000	9(10).99	Always	>0		
	27	Original
    Interest Rate	The original
    note rate as indicated on the mortgage note.	Loan
    Term and Amortization Type	Numeric
    – Decimal	0.0475	9.999999	Always	>
    0 and <= 1		
	28	Original
    Amortization Term	The number
    of months in which the loan would be retired if the amortizing principal and interest payment were to be paid each month.	Loan
    Term and Amortization Type	Numeric
    – Integer	360	999	Always	>=
    60		
	29	Original
    Term to Maturity	The initial
    number of months between loan origination and the loan maturity date, as specified on the mortgage note.	Loan
    Term and Amortization Type	Numeric
    – Integer	60	999	Always	>0	N/A	
	30	First
    Payment Date of Loan	The date
    of the first scheduled mortgage payment to be made by the borrower as specified on the mortgage note.	Loan
    Term and Amortization Type	Date	20090914	YYYYMMDD	Always	“19010101”
    if unknown	N/A	
	31	Interest
    Type Indicator	Indicates
    whether the interest rate calculation method is simple or actuarial.	Loan
    Term and Amortization Type	Numeric
    – Integer	2	99	Always	See
    Coding	1=
                                                                                        Simple

        2 = Actuarial

        99 = Unknown
	
	32	Original
    Interest Only Term	Original
    interest-only term for a loan in months (including NegAm Loans).	Loan
    Term and Amortization Type	Numeric
    – Integer	60	999	Always	>=
                                                                                        0 and <= 240

        Unknown
        = Blank;

        No
        Interest Only Term = 0
		
	33	Buy
    Down Period	The total
    number of months during which any buy down is in effect, representing the accumulation of all buy down periods.	Loan
    Term and Amortization Type	Numeric
    – Integer	65	999	Always	>=
                                                                                        0 and <= 100

        Unknown
        = Blank;

        No
        Buy Down = 0
		
	34	HELOC
    Draw Period	The original
    number of months during which the borrower may draw funds against the HELOC account.	Loan
    Term and Amortization Type	Numeric
    – Integer	24	999	HELOCs
    Only	>=
    12 and <= 120		
	35	Scheduled
    Loan Amount	Mortgage
    loan scheduled principal balance as of cut-off date. For HELOCs, the current drawn amount.	Loan
    Term and Amortization Type	Numeric
    – Decimal	248951.19	9(10).99	Always	>=
    0		
	36	Current
    Interest Rate	The interest
    rate used to calculate the current P&I or I/O payment.	Loan
    Term and Amortization Type	Numeric
    – Decimal	0.05875	9.999999	Always	>
    0 and <= 1		
	37	Current
    Payment Amount Due	Next Total
    Payment due to be collected (including principal, interest or both—but Exclude Escrow Amounts).	Loan
    Term and Amortization Type	Numeric
    – Decimal	1250.15	9(10).99	Always	>
    0		
	38	Scheduled
    Interest Paid
 Through Date		Loan
    Term and Amortization Type	Date	20090429	YYYYMMDD	Always	“19010101”
    if unknown		
	39	Current
    Payment Status	Number of
    payments the borrower is past due as of the securitization cut-off date.	Loan
    Term and Amortization Type	Numeric
    – Integer	3	99	Always	>=
    0		
	40	Index
    Type	Specifies
    the type of index to be used to determine the interest rate at each adjustment.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	18	99	ARMs
    Only	See
    Coding	See
    Appendix B	
	41	ARM
    Look-back Days	The number
    of days prior to the interest rate adjustment date to retrieve the index value.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	45	99	ARMs
    Only	>=
    0 to <=99		
	42	Gross
    Margin	The percentage
    stated on the mortgage note representing the spread between the ARM Index value and the mortgage interest rate. The gross
    mortgage margin is added to the index value to establish a new gross interest rate in the manner prescribed on the mortgage
    note.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.03	9.999999	ARMs
    Only	>0
    and <= 1		
	43	ARM
    Round Flag	An indicator
    of whether an adjusted interest rate is rounded to the next higher ARM round factor, to the next lower round factor, or to
    the nearest round factor.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	3	9	ARMs
    Only	See
    Coding	0
                                                                                        = No Rounding

        1 = Up

        2 = Down

        3 = Nearest

        99=Unknown
	
	44	ARM
    Round Factor	The percentage
    to which an adjusted interest rate is to be rounded.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.0025
    or 0.00125	9.999999	ARMs
                                                                                        Only

        Where
        ARM Round Flag = 1, 2, or 3
	>=
    0 and < 1		
	45	Initial
    Fixed Rate Period	For hybrid
    ARMs, the period between the first payment date of the mortgage and the first interest rate adjustment date.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	60	999	Hybrid
    ARMs Only	>=
    1 to <=240		
	46	Initial
    Interest Rate Cap (Change Up)	The maximum
    percentage by which the mortgage note rate may increase at the first interest rate adjustment date.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.02	9.999999	ARMs
    Only	>=
    0 and <= 1	99=no cap	
	47	Initial
    Interest Rate Cap (Change Down)	The maximum
    percentage by which the mortgage note rate may decrease at the first interest rate adjustment date.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.02	9.999999	ARMs
    Only	>=
    0 and <= 1	99=no cap	
	48	Subsequent
    Interest Rate Reset Period	The number
    of months between subsequent rate adjustments.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	60	999	ARMs
    Only	>=0
    and <= 120		0
    = Loan does not adjust after initial reset
	49	Subsequent
    Interest Rate (Change Down)	The maximum
    percentage by which the interest rate may decrease at each rate adjustment date after the initial adjustment.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.02	9.999999	ARMs
    Only	>=
    0 and <= 1	99=no cap	
	50	Subsequent
    Interest Rate Cap (Change Up)	The maximum
    percentage by which the interest rate may increase at each rate adjustment date after the initial adjustment.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.02	9.999999	ARMs
    Only	>=
    0 and <= 1	99=no cap	
	51	Lifetime
    Maximum Rate (Ceiling)	The maximum
    interest rate that can be in effect during the life of the loan.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.125	9.999999	ARMs
    Only	>=
    0 and <= 1		=1
    if no ceiling specified
	52	Lifetime
    Minimum Rate (Floor)	The minimum
    interest rate that can be in effect during the life of the loan.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.015	9.999999	ARMs
    Only	>=
    0 and <= 1		If
    no floor is specified enter the greater of the margin or 0.
	53	Negative
    Amortization Limit	The maximum
    amount of negative amortization allowed before recast is required. (Expressed as a percentage of the original unpaid principal
    balance.)	Negative
    Amortization	Numeric
    – Decimal	1.25	9.999999	Negatively
    Amortizing ARMs Only	>=0,
    and <2		
	54	Initial
    Negative Amortization Recast Period	The number
    of months in which the payment is required to recast if the loan does not reach the prescribed maximum balance earlier.	Negative
    Amortization	Numeric
    – Integer	60	999	Negatively
    Amortizing ARMs Only	>=0		
	55	Subsequent
    Negative Amortization Recast Period	The number
    of months after which the payment is required to recast AFTER the first recast period.	Negative
    Amortization	Numeric
    – Integer	48	999	Negatively
    Amortizing ARMs Only	>=0		
	56	Initial
    Fixed Payment Period	Number of
    months after origination during which the payment is fixed.	Negative
    Amortization	Numeric
    – Integer	60	999	Negatively
    Amortizing Hybrid ARMs Only	>=
    0 to <=120		
	57	Subsequent
    Payment Reset Period	Number of
    months between payment adjustments after first payment reset.	Negative
    Amortization	Numeric
    – Integer	12	999	Negatively
    Amortizing ARMs Only	>=
    0 to <=120		
	58	Initial
    Periodic Payment Cap	The maximum
    percentage by which a payment can change (increase or decrease) in the first period.	Negative
    Amortization	Numeric
    – Decimal	0.075	9.999999	Negatively
    Amortizing ARMs Only	>=
    0 and < 1		
	59	Subsequent
    Periodic Payment Cap	The maximum
    percentage by which a payment can change (increase or decrease) in one period after the initial cap.	Negative
    Amortization	Numeric
    – Decimal	0.075	9.999999	Negatively
    Amortizing ARMs Only	>=
    0 and < 1		
	60	Initial
    Minimum Payment Reset Period	The maximum
    number of months a borrower can initially pay the minimum payment before a new minimum payment is determined.	Negative
    Amortization	Numeric
    – Integer	12	999	Negatively
    Amortizing ARMs Only	>=
    0 to <=120		
	61	Subsequent
    Minimum Payment Reset Period	The maximum
    number of months (after the initial period) a borrower can pay the minimum payment before a new minimum payment is determined
    after the initial period.	Negative
    Amortization	Numeric
    – Integer	12	999	Negatively
    Amortizing ARMs Only	>=
    0 to <=120		
	62	Option
    ARM Indicator	An indicator
    of whether the loan is an Option ARM.	Negative
    Amortization	Numeric
    – Integer	1	99	ARMs
    Only	See
    Coding	0
                                                                                        = No

        1 = Yes

        99 = Unknown
	
	63	Options
    at Recast	The means
    of computing the lowest monthly payment available to the borrower after recast.	Option
    ARM	Numeric
    – Integer	2	99	Option
    ARMs Only	N/A	1=
                                                                                        Fully amortizing 30 year

        2= Fully amortizing 15
        year

        3=Fully amortizing 40
        year

        4 = Interest-Only

        5 = Minimum Payment

        99= Unknown
	
	64	Initial
    Minimum Payment	The initial
    minimum payment the borrower is permitted to make.	Option
    ARM	Numeric
    – Decimal	879.52	99	Option
    ARMs Only	>=0		
	65	Current
    Minimum Payment	Current Minimum
    Payment (in dollars).	Negative
    Amortization	Numeric
    – Decimal	250	9(10).99	Option
    ARMs Only	>=
    0		
	66	Prepayment
    Penalty Calculation	A description
    of how the prepayment penalty would be calculated during each phase of the prepayment penalty term.	Prepayment
    Penalties	Numeric
    – Integer	12	99	Always	See
    Coding	See
    Appendix C	
	67	Prepayment
    Penalty Type	•
                                                                                        Hard: The prepayment penalty
                                                                                        is incurred regardless of the reason the
                                                                                        loan is prepaid in full.

        • Hybrid:
        The prepayment penalty can be characterized as hard for a certain amount of time and as soft during another period.
	Prepayment
    Penalties	Numeric
    – Integer	1	99	All
    loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”)	See
    Coding	1
                                                                                        = Hard

        2 = Soft

        3 = Hybrid

        99 = Unknown
	
	68	Prepayment
    Penalty Total Term	The total
    number of months that the prepayment penalty may be in effect.	Prepayment
    Penalties	Numeric
    – Integer	60	999	All
    loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”)	>0
    to <=120		
	69	Prepayment
    Penalty Hard Term	For hybrid
    prepayment penalties, the number of months during which a “hard” prepayment penalty applies.	Prepayment
    Penalties	Numeric
    – Integer	12	999	Loans
    with Hybrid Prepayment Penalties (i.e., loans for which Field 67 = “3”)	>=
    0 to <=120		
	70	Primary
    Borrower ID	A lender-generated
    ID number for the primary borrower on the mortgage	Borrower	Numeric—Integer	123456789	999999999	Always	>0	 	Used
    to identify the number of times a single borrower appears in a given deal.
	71	Number
    of Mortgaged Properties	The number
    of residential properties owned by the borrower that currently secure mortgage loans.	Borrower	Numeric
    – Integer	1	99	Always	>
    0		
	72	Total
    Number of Borrowers	The number
    of Borrowers who are obligated to repay the mortgage note.	Borrower	Numeric
    – Integers	2	99	Always	>
    0		
	73	Self-employment
    Flag	An indicator
    of whether the primary borrower is self-employed.	Borrower	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                        = No

        1 = Yes

        99 = Unknown
	
	74	Current
    ‘Other’ Monthly Payment	The aggregate
    of all payments pertaining to the subject property other than principal and interest (includes common charges, condo fees,
    T&I, HOA, etc.), whether escrowed or not.	Loan
    Term and Amortization Type	Numeric
    – Decimal	1789.25	9(10).99	Always	>
    0		
	75	Length
    of Employment: Borrower	The number
    of years of service with the borrower’s current employer as of the date of the loan.	Borrower
    Qualification	Numeric
    – Decimal	3.5	99.99	Always	>=0	99 = Retired,
    None employment income soure (social security, trust income, dividends, etc.)	
	76	Length
    of Employment: Co-Borrower	The number
    of years of service with the co-borrower’s current employer as of the date of the loan.	Borrower
    Qualification	Numeric
    – Decimal	3.5	99.99	If
    “Total Number of Borrowers” > 1	>=
    0	99 = Retired,
    None employment income soure (social security, trust income, dividends, etc.)	
	77	Years
    in Home	Length of
    time that the borrower has been at current address.	Borrower
    Qualification	Numeric
    – Decimal	14.5	99.99	Refinances
    of Primary Residences Only (Loan Purpose = 1, 2, 3, 4, 8 or 9)	>
    0		
	78	FICO
    Model Used	Indicates
    whether the FICO score was calculated using the Classic, Classic 08, or Next Generation model.	Borrower
    Qualification	Numeric
    – Integer	1	99	If
    a FICO score was obtained	See
    Coding	1
                                                                                        = Classic

        2 = Classic 08

        3 = Next Generation

        99 = Unknown
	
	79	Most
    Recent FICO Date	Specifies
    the date on which the most recent FICO score was obtained	Borrower
    Qualification	Date	20090914	YYYYMMDD	If
    a FICO score was obtained	“19010101”
    if unknown		Issuers
    unable to Provide may Rep and Warrant that the FICO score used for underwriting was not more than 4 months old at the date
    of issuance.
	80	Primary
    Wage Earner Original FICO: Equifax	Equifax FICO
    score for primary borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a FICO score was obtained	>=
    350 and <= 850		
	81	Primary
    Wage Earner Original FICO: Experian	Experian
    FICO score for primary borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a FICO score was obtained	>=
    350 and <= 850		
	82	Primary
    Wage Earner Original FICO: TransUnion	TransUnion
    FICO score for primary borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a FICO score was obtained	>=
    350 and <= 850		
	83	Secondary
    Wage Earner Original FICO: Equifax	Equifax FICO
    score for Co-borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    “Total Number of Borrowers” > 1	>=
    350 and <= 850		
	84	Secondary
    Wage Earner Original FICO: Experian	Experian
    FICO score for Co-borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    “Total Number of Borrowers” > 1	>=
    350 and <= 850		
	85	Secondary
    Wage Earner Original FICO: TransUnion	TransUnion
    FICO score for Co-borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    “Total Number of Borrowers” > 1	>=
    350 and <= 850		
	86	Most
    Recent Primary Borrower FICO	Most Recent
    Primary Borrower FICO score used by the lender to approve the loan.	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a FICO score was obtained	>=
    350 and <= 850		
	87	Most
    Recent Co-Borrower FICO	Most Recent
    Co-Borrower FICO score used by the lender to approve the loan.	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    “Total Number of Borrowers” > 1	>=
    350 and <= 850		
	88	Most
    Recent FICO Method	Number of
    credit repositories used to update the FICO Score.	Borrower
    Qualification	Numeric
    – Integer	2	9	If
    a FICO score was obtained	>0		
	89	VantageScore:
    Primary Borrower	Credit Score
    for the Primary Borrower used to approve the loan and obtained using the Vantage credit evaluation model.	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a Vantage Credit Score was obtained	>=
    501 and <= 990		
	90	VantageScore:
    Co-Borrower	Credit Score
    for the Co-borrower used to approve the loan and obtained using the Vantage credit evaluation model.	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a VantageScore was obtained AND “Total Number of Borrowers” > 1	>=
    501 and <= 990		
	91	Most
    Recent VantageScore Method	Number of
    credit repositories used to update the Vantage Score.	Borrower
    Qualification	Numeric
    – Integer	2	9	If
    a Vantage Credit Score was obtained	>0		
	92	VantageScore
    Date	Date Vantage
    Credit Score was obtained.	Borrower
    Qualification	Date	20090914	YYYYMMDD	If
    a Vantage Credit Score was obtained	“19010101”
    if unknown		
	93	Credit
    Report: Longest Trade Line	The length
    of time in months that the oldest active trade line, installment or revolving, has been outstanding. For a loan with more
    than one borrower, populate field based on status for the primary borrower.	Borrower
    Qualification	Numeric
    – Integer	999	999	Always	>
    =0		Subject
    to Regulatory Confirmation
	94	Credit
    Report: Maximum Trade Line	The dollar
    amount for the trade line, installment or revolving, with the largest unpaid balance. For revolving lines of credit, e.g.
    credit card, the dollar amount reported should reflect the maximum amount of credit available under the credit line whether
    used or not. For a loan with more than one borrower, populate field based on status for the primary borrower.	Borrower
    Qualification	Numeric
    – Decimal	339420.19	9(10).99	Always	>=0		Subject
    to Regulatory Confirmation
	95	Credit
    Report: Number of Trade Lines	A count of
    non-derogatory, currently open and active, consumer trade lines (installment or revolving) for the borrower. For a loan with
    more than one borrower, populate field based on status for the primary borrower.	Borrower
    Qualification	Numeric
    – Integer	57	999	Always	>=0		Subject
    to Regulatory Confirmation
	96	Credit
    Line Usage Ratio	Sum of credit
    balances divided by sum of total open credit available.	Borrower
    Qualification	Numeric
    – Decimal	0.27	9.999999	Always	>=
    0 and <= 1		Subject
    to Regulatory Confirmation
	97	Most
    Recent 12-month Pay History	String indicating
    the payment status per month listed from oldest to most recent.	Borrower
    Qualification	Text	77X123200001	X(12)	Always	See
    Coding	0
                                                                                        = Current

        1 = 30-59 days delinquent

        2 = 60-89 days delinquent

        3 = 90-119 days delinquent

        4 = 120+ days delinquent

        5 = Foreclosure

        6 = REO

        7 = Loan did not exist
        in period

        X = Unavailable
	
	98	Months
    Bankruptcy	Number of
    months since any borrower was discharged from bankruptcy. (Issuers unable to provide this information may rep and warrant
    that at least x years—as specified in the loan program—have passed since most recent discharge from bankruptcy.)	Borrower
    Qualification	Numeric
    – Integer	12	999	If
    Borrower has ever been in Bankruptcy	>=
    0		Blank
    = Borrower is not known to have been in bankruptcy
	99	Months
    Foreclosure	Number of
    months since foreclosure sale date. (Issuers unable to provide this information may rep and warrant that at least x years—as
    specified in the loan program— have passed since most recent foreclosure.)	Borrower
    Qualification	Numeric
    – Integer	12	999	If
    Borrower has ever been in Foreclosure	>=
    0		Blank
    = Borrower is not known to have been in foreclosure
	100	Primary
    Borrower Wage Income	Monthly base
    wage income for primary borrower.	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	Always	>=
    0		
	101	Co-Borrower
    Wage Income	Monthly base
    wage income for all other borrowers.	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	If
    “Total Number of Borrowers” > 1	>=
    0		
	102	Primary
    Borrower Other Income	Monthly Other
    (non-wage) income for primary borrower. (This figure should include net rental income and be reduced by any net rental loss.)	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	Always	>=
    0		
	103	Co-Borrower
    Other Income	Monthly Other
    (non-wage) income for all other borrowers. (This figure should include net rental income and be reduced by any net rental
    loss.)	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	If
    “Total Number of Borrowers” > 1	>=
    0		
	104	All
    Borrower Wage Income	Monthly income
    of all borrowers derived from base salary only.	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	Always	>=
    0		
	105	All
    Borrower Total Income	Monthly income
    of all borrowers derived from base salary, commission, tips and gratuities, overtime and bonuses, part-time or second-job
    earnings, alimony, child support, interest and dividend income, notes receivable, trust income, net rental income,
    retirement income, social security, veterans income, military income, foster care income, and self-employed income.	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	Always	>=
    0		
	106	4506-T
    Indicator	A yes/no
    indicator of whether a Transcript of Tax Return (received pursuant to the filing of IRS Form 4506-T) was obtained and considered.	Borrower
    Qualification	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                        = No

        1 = Yes

        99 = Unknown
	
	107	Borrower
    Income Verification Level	A
                                                                                        code indicating the extent to which the
                                                                                        borrower’s income has been verified:

        Level
        4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if
        salaried)

        Level
        5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**)

        *For self-employed
        borrowers: Level 4 Income Verification:

        • 2 Years Tax Returns

        • Self-prepared tax returns (regardless of 4506 and tax transcripts)

        

        ** For self-employed borrowers: Level 5 Income Verification:

        • 2 Years tax returns

        • Tax returns prepared and not executed by a CPA, with

        o CPA name & phone number shown on the Preparer section of the tax return

        o Executed 4506 and tax transcripts (matching returns in file)

• Tax returns prepared and executed by a CPA (regardless of 4506 and tax transcripts)
	Borrower
    Qualification	Numeric
    – Integer	1	9	Always	See
    Coding	1
                                                                                        = Not Stated, Not Verified

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

        4 = Stated, “Level
        4” Verified (as defined)

        5 = Stated, “Level
        5” Verified (as defined)

        
	
	108	Co-Borrower
    Income Verification	A
                                                                                        code indicating the extent to which the
                                                                                        co-borrower’s income has been verified:

        

        Level 4 Income Verification
        = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried)

        

        Level 5 Income Verification
        = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**)

        *For self-employed borrowers:
        Level 4 Income Verification:

        • 2 Years Tax Returns

        • Self-prepared tax returns (regardless of 4506 and tax transcripts)

        

        ** For self-employed borrowers: Level 5 Income Verification:

        • 2 Years tax returns

        • Tax returns prepared and not executed by a CPA, with

        o CPA name & phone number shown on the Preparer section of the tax return

        o Executed 4506 and tax transcripts (matching returns in file)

        • Tax returns prepared and executed by a CPA (regardless of 4506 and tax transcripts)
	Borrower
    Qualification	Numeric
    – Integer	2	9	If
    “Total Number of Borrowers” > 1	See
    Coding	1
                                                                                        = Not Stated, Not Verified

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

        4 = Stated, “Level
        4” Verified (as defined)

        5 = Stated, “Level
        5” Verified (as defined)

        
	

        

	109	Borrower
    Employment Verification	A
                                                                                        code indicating the extent to which the
                                                                                        primary borrower’s employment has
                                                                                        been verified:

        

        Level 3 Verified = Direct
        Independent Verification with a third party of the borrower’s current employment.
	Borrower
    Qualification	Numeric
    – Integer	2	9	Always	See
    Coding	1
                                                                                        = Not Stated, Not Verified

        2 = Stated, Not Verified

        3 = Stated, Level 3 Verified
        (as defined)
	
	110	Co-Borrower
    Employment Verification	A
                                                                                        code indicating the extent to which the
                                                                                        co-borrower’s employment has been
                                                                                        verified:

        

        Level 3 Verified = Direct
        Independent Verification with a third party of the co-borrower’s current employment.
	Borrower
    Qualification	Numeric
    – Integer	1	9	If
    “Total Number of Borrowers” > 1	See
    Coding	1
                                                                                        = Not Stated, Not Verified

        2 = Stated, Not Verified

        3 = Stated, Level 3 Verified
        (as defined)
	
	111	Borrower
    Asset Verification	A
                                                                                        code indicating the extent to which the
                                                                                        primary borrower’s assets used to
                                                                                        qualify the loan have been verified:

        

        Level 4 Verified = 2 months
        of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter).

        
	Borrower
    Qualification	Numeric
    – Integer	3	9	Always	See
    Coding	1
                                                                                        = Not Stated, Not Verified

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

        4 = Stated, Level 4 Verified
        (as defined)
	
	112	Co-Borrower
    Asset Verification	A
                                                                                        code indicating the extent to which the
                                                                                        co-borrower’s assets used to qualify
                                                                                        the loan have been verified:

        

        Level 4 = 2 months of
        bank statements/balance documentation (written or electronic) for liquid assets (or gift letter).

        
	Borrower
    Qualification	Numeric
    – Integer	2	9	If
    “Total Number of Borrowers” > 1	See
    Coding	1
                                                                                        = Not Stated, Not Verified

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

        4 = Stated, Level 4 Verified
        (as defined)
	
	113	Liquid
    / Cash Reserves	The actual
    dollar amount of remaining verified liquid assets after settlement. (This should not include cash out amount of subject loan.)	Borrower
    Qualification	Numeric
    – Decimal	3242.76	9(9).99	Always	>=
    0		
	114	Monthly
    Debt All Borrowers	The aggregate
    monthly payment due on other debt (excluding only installment loans with fewer than 10 payments remaining and other real estate
    loans used to compute net rental income— which is added/subtracted in the income fields).	Borrower
    Qualification	Numeric
    – Decimal	3472.43	9(9).99	Always	>=
    0		
	115	Originator
    DTI	Total Debt
    to income ratio used by the originator to qualify the loan.	Borrower
    Qualification	Numeric
    – Decimal	0.35	9.999999	Always	>=
    0 and >= 1		
	116	Fully
    Indexed Rate	The fully
    indexed interest rate as of securitization cut-off.	Borrower
    Qualification	Numeric
    – Decimal	0.0975	9.999999	ARMs
    Only	>=
    0 and >= 1		
	117	Qualification
    Method	Type of mortgage
    payment used to qualify the borrower for the loan.	Borrower
    Qualification	Numeric
    – Integer	3	99	Always	See
    Coding	1
                                                                                        = Start Rate

        2 = First Year Cap Rate

        3 = I/O Amount

        4 = Fully Indexed

        5 = Min Payment

        98 = Other

        99 = Unknown
	
	118	Percentage
    of Down Payment from Borrower Own Funds	Include only
    borrower funds, do not include any gift or borrowed funds. (Issuers may provide the actual percentage for each loan, or
    the guideline percentage and note departure concentration on the transaction summary.)	Borrower
    Qualification	Numeric
    – Decimal	0.5	9.999999	Purchase
    Loans Only	>=
    0 and >= 1		
	119	City	The name
    of the city.	Subject
    Property	Text	New
    York	X(45)	Always	Unk=Unknown		
	120	State	The name
    of the state as a 2-digit Abbreviation.	Subject
    Property	Text	NY	XX	Always	See
    Coding	See
    Appendix H	
	121	Postal
    Code	The postal
    code (zip code in the US) where the subject property is located.	Subject
    Property	Text	10022	X(5)	Always	Unk=Unknown		
	122	Property
    Type	Specifies
    the type of property being used to secure the loan.	Subject
    Property	Numeric
    – Integer	11	99	Always	See
    Coding	See
    Appendix D	
	123	Occupancy	Specifies
    the property occupancy status (e.g., owner-occupied, investment property, second home, etc.).	Subject
    Property	Numeric
    – Integer	4	9	Always	See
    Coding	See
    Appendix E	
	124	Sales
    Price	The negotiated
    price of a given property between the buyer and seller.	Subject
    Property	Numeric
    – Decimal	450000.23	9(10).99	Purchase
    Loans Only	>
    0		
	125	Original
    Appraised Property Value	The appraised
    value of the property used to approve the loan.	Subject
    Property	Numeric
    – Decimal	550000.23	9(10).99	Always	>
    0		
	126	Original
    Property Valuation Type	Specifies
    the method by which the property value (at the time of underwriting) was reported.	Subject
    Property	Numeric
    – Integer	8	99	Always	See
    Coding	See
    Appendix F	
	127	Original
    Property Valuation Date	Specifies
    the date on which the original property value (at the time of underwriting) was reported. (Issuers unable to provide may
    Rep and Warrant that the appraisal used for underwriting was not more than x days old at time of loan closing.)	Subject
    Property	Date	20090914	YYYYMMDD	Always	“19010101”
    if unknown		
	128	Original
    Automated Valuation Model (AVM) Model Name	The name
    of the AVM Vendor if an AVM was used to determine the original property valuation.	Subject
    Property	Numeric
    – Integer	1	99	Always	See
    Appendix I	See
    Appendix I	
	129	Original
    AVM Confidence Score	The confidence
    range presented on the AVM report.	Subject
    Property	Numeric
    – Decimal	0.74	9.999999	If
    AVM Model Name (Field 127) > 0	>=
    0 to <= 1		
	130	Most
    Recent Property Value[1]	If a valuation
    was obtained subsequent to the valuation used to calculate LTV, the most recent property value.	Subject
    Property	Numeric
    – Decimal	500000	9(10).99	If
    updated value was obtained subsequent to loan approval	>
    0		
	131	Most
    Recent Property Valuation Type	If an additional
    property valuation was obtained after the valuation used for underwriting purposes, the method by which the property value
    was reported.	Subject
    Property	Numeric
    – Integer	6	9	If
    updated value was obtained subsequent to loan approval	See
    Coding	See
    Appendix F	
	132	Most
    Recent Property Valuation Date	Specifies
    the date on which the updated property value was reported.	Subject
    Property	Date	20090914	YYYYMMDD	If
    updated value was obtained subsequent to loan approval	“19010101”
    if unknown		
	133	Most
    Recent AVM Model Name	The name
    of the AVM Vendor if an AVM was used to determine the updated property valuation.	Subject
    Property	Numeric
    – Integer	19	99	If
    updated value was obtained subsequent to loan approval	See
    Coding	See
    Appendix I	
	134	Most
    Recent AVM Confidence Score	If AVM used
    to determine the updated property valuation, the confidence range presented on the AVM report.	Subject
    Property	Numeric
    – Decimal	0.85	9.999999	If
    “Most Recent AVM Model Name” > 0	>=
    0 to <= 1		
	135	Original
    CLTV	The ratio
    obtained by dividing the amount of all known outstanding mortgage liens on a property at origination by the lesser of the
    appraised value or the sales price. The value is then truncated to four decimal places.	Loan-to-Value
    (LTV)	Numeric
    – Decimal	0.96	9.999999	Always	>=
    0 and <= 1.5		
	136	Original
    LTV	The ratio
    obtained by dividing the original mortgage loan amount on the note date by the lesser of the mortgaged property’s appraised
    value on the note date or its purchase price. The value is then truncated to four decimal places.	Loan-to-Value
    (LTV)	Numeric
    – Decimal	0.8	9.999999	Always	>=
    0 and <= 1.25		
	137	Original
    Pledged Assets	The total
    value of assets pledged as collateral for the loan at the time of origination. Pledged assets may include cash or marketable
    securities.	Loan-to-Value
    (LTV)	Numeric
    – Decimal	75000	9(10).99	Always	>=0		
	138	Mortgage
    Insurance Company Name	The name
    of the entity providing mortgage insurance for a loan.	Mortgage
    Insurance	Numeric
    – Integer	3	99	Always	See
    Coding	See
    Appendix G	
	139	Mortgage
    Insurance Percent	Mortgage
    Insurance coverage percentage.	Mortgage
    Insurance	Numeric
    – Decimal	0.25	9.999999	“Mortgage
    Insurance Company Name” > 0	>=
    0 to <= 1		
	140	MI:
    Lender or Borrower Paid?	An indicator
    of whether mortgage insurance is paid by the borrower or the lender.	Mortgage
    Insurance	Numeric
    – Integer	1	99	“Mortgage
    Insurance Company Name” > 0	See
    Coding	1
                                                                                        = Borrower-Paid

        2 = Lender- Paid

        99 = Unknown
	
	141	Pool
    Insurance Co. Name	Name of pool
    insurance provider.	Mortgage
    Insurance	Numeric
    – Integer	8	99	Always	See
    Coding	See
    Appendix G	
	142	Pool
    Insurance Stop Loss %	The aggregate
    amount that a pool insurer will pay, calculated as a percentage of the pool balance.	Mortgage
    Insurance	Numeric
    – Decimal	0.25	9.999999	Pool
    MI Company > 0	>=
    0 to <= 1		
	143	MI
    Certificate Number	The unique
    number assigned to each individual loan insured under an MI policy.	Mortgage
    Insurance	Text	123456789G	X(20)	MI
                                                                                        Company

        >
        0
	UNK
    = Unknown		
	144	Updated
                                                                                        DTI

        (Front-end)
	Updated front-end
    DTI ratio (total monthly housing expense divided by total monthly income) used to qualify the loan modification.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.35	9.999999	Modified
    Loans Only	>=
    0 and >= 1		
	145	Updated
                                                                                        DTI

        (Back-end)
	Updated back-end
    DTI ratio (total monthly debt expense divided by total monthly income) used to qualify the loan modification.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.35	9.999999	Modified
    Loans Only	>=
    0 and >= 1		
	146	Modification
    Effective Payment Date	Date of first
    payment due post modification.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Date	20090914	YYYYMMDD	Modified
    Loans Only	“19010101”
    if unknown		
	147	Total
    Capitalized Amount	Amount added
    to the principal balance of a loan due to the modification.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0		
	148	Total
    Deferred Amount	Any non-interest-bearing
    deferred amount (e.g., principal, interest and fees).	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0		
	149	Pre-Modification
    Interest (Note) Rate	Scheduled
    Interest Rate Of The Loan Immediately Preceding The Modification Effective Payment Date.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.075	9.999999	Modified
    Loans Only	>=
    0 to <= 1		
	150	Pre-Modification
    P&I Payment	Scheduled
    Total Principal And Interest Payment Amount Preceding The Modification Effective Payment Date – or if servicer is no
    longer advancing P&I, the payment that would be in effect if the loan were current.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	2310.57	9(10).99	Modified
    Loans Only	>
    0		
	151	Pre-Modification
    Initial Interest Rate Change Downward Cap	Maximum amount
    the rate can adjust downward on the first interest rate adjustment date (prior to modification) – Only provide if the
    rate floor is modified.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.015	9.999999	Modified
    Loans Only	>=
    0 to <= 1		
	152	Pre-Modification
    Subsequent Interest Rate Cap	Maximum increment
    the rate can adjust upward AFTER the initial rate adjustment (prior to modification) – Only provide if the Cap is modified.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.015	9.999999	Modified
    Loans Only	>=
    0 to <= 1		
	153	Pre-Modification
    Next Interest Rate Change Date	Next Interest
    Reset Date Under The Original Terms Of The Loan (one month prior to new payment due date).	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Date	20090914	YYYYMMDD	Modified
    Loans Only	“19010101”
    if unknown		
	154	Pre-Modification
    I/O Term	Interest
    Only Term (in months) preceding The Modification Effective Payment Date.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Integer	36	999	Modified
    Loans Only	>=
    0 to <= 120		
	155	Forgiven
    Principal Amount	The sum total
    of all principal balance reductions (as a result of loan modification) over the life of the loan.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0		
	156	Forgiven
    Interest Amount	The sum total
    of all interest incurred and forgiven (as a result of loan modification) over the life of the loan.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0		
	157	Number
    of Modifications	The number
    of times the loan has been modified.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Integer	1	9	Modified
    Loans Only	>=
    0		
	158	Cash
    To/From Brrw at Closing	Indicates
    the amount of cash the borrower(s) paid into or received at closing. 
 
 [HUD-1 Bottom Line] + [Earnest money] + [Paid
    Outside Closing Items]		Numeric
    – Decimal	100000.01	9(10).99				
	159	Brrw
    - Yrs at in Industry	Number of
    years the primary borrower has been working in their current industry		Numeric
    – Decimal	9.9	9.999999				
	160	CoBrrw
    - Yrs at in Industry	Number of
    years the co-borrower has been working in their current industry		Numeric
    – Decimal	8	9.999999				
	161	Junior
    Mortgage Drawn Amount	Applicable
    if the subject loan is a first mortgage. At the time of origination for the subject loan, the sum of the outstanding balance(s)
    for any junior mortgages (HELOCs and closed-end).		Numeric
    – Decimal	100000.01	9(10).99				
	162	Maturity
    Date	Maturity
    date of mortgage		Date	20420501	YYYYMMDD				
	163	Primary
    Borrower Wage Income (Salary)	The primary
    borrower's salary wage income		Numeric
    – Decimal	10000.44	9(10).99				
	164	Primary
    Borrower Wage Income (Bonus)	The primary
    borrower's bonus wage income		Numeric
    – Decimal	10000.44	9(10).99				
	165	Primary
    Borrower Wage Income (Commission)	The primary
    borrower's commission wage income		Numeric
    – Decimal	10000.44	9(10).99				
	166	Co-Borrower
    Wage Income (Salary)	The coborrower's
    salary wage income		Numeric
    – Decimal	10000.44	9(10).99				
	167	Co-Borrower
    Wage Income (Bonus)	The coborrower's
    bonus wage income		Numeric
    – Decimal	10000.44	9(10).99				
	168	Co-Borrower
    Wage Income (Commission)	The coborrower's
    commission wage income		Numeric
    – Decimal	10000.44	9(10).99				
	169	Originator
    Doc Code	Documentation
    Code value as presented by the seller.		Text	Full	XXXX				
	170	RWT
    Income Verification	Internal
    Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower asset verification		Text	2
    Years	XXXX				
	171	RWT
    Asset Verification	Internal
    Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower Income verification		Text	2
    Months	XXXX				
	MH-1	Real
    Estate Interest	Indicates
    whether the property on which the manufactured home is situated is owned outright or subject to the terms of a short- or long-term
    lease. (A long-term lease is defined as a lease whose term is greater than or equal to the loan term.)	Manufactured
    Housing	Numeric
    – Integer	2	99	Manufactured
    Housing Loans Only	See
    Coding	1
                                                                                        = Owned

        2 = Short-term lease

        3 = Long-term lease

        99 = Unavailable
	
	MH-2	Community
    Ownership Structure	If the manufactured
    home is situated in a community, a means of classifying ownership of the community.	Manufactured
    Housing	Numeric
    – Integer	2	99	Manufactured
    Housing Loans Only	See
    Coding	1
                                                                                        = Public Institutional

        2 = Public Non-Institutional

        3 = Private Institutional

        4 = Private Non-Institutional

        5 = HOA-Owned

        6 = Non-Community

        99 = Unavailable
	
	MH-3	Year
    of Manufacture	The year
    in which the home was manufactured (Model Year — YYYY Format). Required only in cases where a full appraisal is not provided.	Manufactured
    Housing	Numeric
    – Integer	2006	YYYY	Manufactured
    Housing Loans Only	1901
    = Unavailable		
	MH-4	HUD
    Code Compliance Indicator (Y/N)	Indicates
    whether the home was constructed in accordance with the 1976 HUD code. In general, homes manufactured after 1976 comply with
    this code.	Manufactured
    Housing	Numeric
    – Integer	1	9	Manufactured
    Housing Loans Only	See
    Codes	0
                                                                                        = No

        1 = Yes

        99 = Unavailable
	
	MH-5	Gross
    Manufacturer’s Invoice Price	The total
    amount that appears on the manufacturer’s invoice (typically includes intangible costs such as transportation, association,
    on-site setup, service and warranty costs, taxes, dealer incentives, and other fees).	Manufactured
    Housing	Numeric
    – Decimal	72570.62	9(10).99	Manufactured
    Housing Loans Only	>=
    0		
	MH-6	LTI
    (Loan-to-Invoice) Gross	The ratio
    of the loan amount divided by the Gross Manufacturer’s Invoice Price (Field MH-5).	Manufactured
    Housing	Numeric
    – Decimal	0.75	9.999999	Manufactured
    Housing Loans Only	>=
    0 to <= 1		
	MH-7	Net
    Manufacturer’s Invoice Price	The Gross
    Manufacturer’s Invoice Price (Field MH-5) minus intangible costs, including: transportation, association,
    on-site setup, service, and warranty costs, taxes, dealer incentives, and other fees.	Manufactured
    Housing	Numeric
    – Decimal	61570.62	9(10).99	Manufactured
    Housing Loans Only	>=
    0		
	MH-8	LTI
    (Net)	The ratio
    of the loan amount divided by the Net Manufacturer’s Invoice Price (Field MH-7).	Manufactured
    Housing	Numeric
    – Decimal	0.62	9.999999	Manufactured
    Housing Loans Only	>=
    0 to <= 1		
	MH-9	Manufacturer
    Name	The manufacturer
    of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.)	Manufactured
    Housing	Text	“XYZ
    Corp”	Char
    (100)	Manufactured
    Housing Loans Only (where no appraised value is provided)	MH
    Manufacturer name in double quotation marks		
	MH-10	Model
    Name	The model
    name of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is
    available.)	Manufactured
    Housing	Text	“DX5-916-X”	Char
    (100)	Manufactured
    Housing Loans Only (where no appraised value is provided)	MH
    Model name in double quotation marks		
	MH-11	Down
    Payment Source	An indicator
    of the source of the down payment used by the borrower to acquire the property and qualify for the mortgage.	Manufactured
    Housing	Numeric
    – Integer	2	99	Manufactured
    Housing Loans Only	See
    Codes	1
                                                                                        = Cash

        2 = Proceeds from trade
        in

        3 = Land in Lieu

        4 = Other

        99 = Unavailable
	
	MH-12	Community/Related
    Party Lender (Y/N)	An indicator
    of whether the loan was made by the community owner, an affiliate of the community owner or the owner of the real estate upon
    which the collateral is located.	Manufactured
    Housing	Numeric
    – Integer	1	99	Manufactured
    Housing Loans Only	See
    Codes	0
                                                                                        = No

        1 = Yes

        99 = Unavailable
	
	MH-13	Defined
    Underwriting Criteria (Y/N)	An indicator
    of whether the loan was made in accordance with a defined and/or standardized set of underwriting criteria.	Manufactured
    Housing	Numeric
    – Integer	1	99	Manufactured
    Housing Loans Only	See
    Codes	0
                                                                                        = No

        1 = Yes

        99 = Unavailable
	
	MH-14	Chattel
    Indicator	An Indicator
    of whether the secured property is classified as chattel or Real Estate.	Manufactured
    Housing	Numeric
    – Integer	1	99	Manufactured
    Housing Loans Only	See
    Codes	0 = Real
    Estate

    1 = Chattel

    99 = Unavailable	 

 

 

    	 

    	 

    

   

ATTACHMENT 2

 

PURCHASE AND SERVICING AGREEMENT

 

Refer to Exhibit 10.6

 

    	 

    	 

    

 

ATTACHMENT 3

 

ADDITIONAL DEFINED TERMS FROM POOLING
AND SERVICING AGREEMENT

 

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

 

Independent: When used with respect
to any other Person, a Person who (a) is in fact independent of another specified Person and any Affiliate of such other Person,
(b) does not have any material direct financial interest in such other Person or any Affiliate of such other Person, and (c) is
not connected with such other Person or any Affiliate of such other Person as an officer, employee, promoter, underwriter, trustee,
partner, director or Person performing similar functions. Liquidation Proceeds: Amounts, including Insurance Proceeds, received
in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee’s sale, foreclosure
sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other
proceeds received in connection with an REO Property.

 

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

 

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

 

    	25

    	 

    

 

EXHIBIT D-3

 

INITIAL AUTHORIZED REPRESENTATIVES
OF THE SERVICER

 

	Name	 	Title	 	Specimen Signature
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    	D-3

    	 

    

 

EXHIBIT F

 

REQUEST FOR RELEASE OF DOCUMENTS

 

	To:	Wells Fargo Bank, N.A.	Date:  _______________
	 	751 Kasota Avenue	 
	 	Minneapolis, MN  55414	 
	 	Attn:  WFDC Release Department.	 

 

		Re:	Custodial Agreement, dated as of November 1, 2012, among Christiana Trust, a division of Wilmington Savings Fund Society, FSB,
as Trustee, Wells Fargo Bank, N.A., as Custodian, Sequoia Residential Funding, Inc., as Depositor, and Redwood Residential Acquisition
Corporation, as Seller

 

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

 

	Mortgage Loan Number: 	 	 	Investor Number: 	  

 

	Mortgagor Name, Address & Zip Code:	Pool Number:	 

 

Reason for Requesting Documents (check one):

 

_______ 1. Mortgage Paid in Full

 

_______ 2. Foreclosure

 

_______ 3. Substitution

 

_______ 4. Other Liquidation

 

_______ 5. Non-liquidation                                                                                  Reason:__________________

 

For CMI Use Only:_____________

 

	By:	 	 
	 	(Authorized Signature)	 

 

	Printed Name	 	 
	 	 	 
	Servicer Name:	PHH Mortgage Corporation	 
	 	 	 
	Ship To Address:	One Mortgage Way	 
	 	 	 
	 	Mount Laurel, NJ  08054	 
	 	 	 
	Phone:	 	 

 

    	F-1

    	 

    

  

Custodian

 

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

 

	 	 	Date
	Signature	 	 
	 	 	 
	Documents returned to Custodian:	 	 
	 	 	 
	 	 	Date
	Custodian	 	 

 

    	F-2

    	 

    

 

EXHIBIT 13

 

FORM OF MONTHLY LOSS REPORT

 

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

 

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

 

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

 

Liquidation and Acquisition Expenses:

 

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

 

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

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

4-12.      Complete
as applicable. Required documentation:

* For taxes
and insurance advances – see page 2 of 332 form - breakdown required showing period of coverage, base tax, interest, penalty.
Advances prior to default require evidence of servicer efforts to recover advances.

 

* For escrow
advances - complete payment history

   (to calculate
advances from last positive escrow balance forward)

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

* REO repairs
> $1500 require explanation

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

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

* Unusual
or extraordinary items may require further documentation.

 

13.The total
of lines 1 through 12.

Credits: 

 

14-21.    Complete
as applicable. Required documentation:

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

   Letter of
Proceeds Breakdown.

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

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

 

    	 

    	 

    

 

22.         The
total of lines 14 through 21.

 

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

 

Total Realized Loss (or Amount
of Any Gain)

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

 

    	 

    	 

    

 

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

 

Prepared by: __________________                                       Date:
_______________

Phone: ______________________    
Email Address:_____________________

 

	
        Servicer Loan No.

        

        

         
	 	
        Servicer Name

        

        

         
	 	
        Servicer Address 

        

        

         

 

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

 

Borrower's Name: _________________________________________________________

Property Address: _________________________________________________________

 

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

 

Was this loan granted a Bankruptcy deficiency or
cramdown                    Yes                        No

If “Yes”, provide deficiency
or cramdown amount ______________________________________________

 

Liquidation and Acquisition Expenses:

 

	(1)	Actual Unpaid Principal Balance of Mortgage Loan	$	(1)
	(2)	Interest accrued at Net Rate	 	(2)
	(3)	Accrued Servicing Fees	 	(3)
	(4)	Attorney's Fees	 	(4)
	(5)	Taxes (see page 2)	 	(5)
	(6)	Property Maintenance		(6)
	(7)	MI/Hazard Insurance Premiums (see page 2)	 	(7)
	(8)	Utility Expenses	 	(8)
	(9)	Appraisal/BPO	 	(9)
	(10)	Property Inspections	 	(10)
	(11)	FC Costs/Other Legal Expenses	 	(11)
	(12)	Other (itemize)	 	(12)
	 	Cash for Keys ________________	 	(12)

 

    	 

    	 

    

 

	 	HOA/Condo Fees  _______________________	 	(12)
	 	____________________________________	 	(12) 
	 	Total Expenses	$	(13) 
	 	 	 	
	Credits:	 	
	(14)	Escrow Balance	$	(14) 
	(15)	HIP Refund	 	(15) 
	(16)	Rental Receipts	 	(16) 
	(17)	Hazard Loss Proceeds	 	(17) 
	(18)	Primary Mortgage Insurance / Gov’t Insurance	 	
	 	HUD Part A	 	(18a) 
		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 14

 

FORM OF DELINQUENCY REPORTING

 

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;	 	 	 	 

  

    	 

    	 

    

 

	COLUMN/HEADER NAME	 	DESCRIPTION	 	DECIMAL	 	FORMAT
 COMMENT
	 	 	 	 	 	 	 
	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

  

    	 

    	 

    

 

	COLUMN/HEADER NAME	 	DESCRIPTION	 	DECIMAL	 	FORMAT
 COMMENT
	 	 	 	 	 	 	 
	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 ($)

  

    	 

    	 

    

 

	Column/Header Name	 	Description	 	Decimal	 	Format
 Comment
	 	 	 	 	 	 	 
	FHA_PART_B_CLAIM_PAID_DATE	 	DATE HUD DISBURSED PART B CLAIM PAYMENT	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	FHA_PART_B_CLAIM_PAID_AMT	 	AMOUNT HUD PAID ON PART B CLAIM	 	2	 	NO COMMAS(,) OR DOLLAR SIGNS ($)
	 	 	 	 	 	 	 
	VA_CLAIM_FILED_DATE	 	DATE VA CLAIM WAS FILED WITH THE VETERANS ADMIN	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	VA_CLAIM_PAID_DATE	 	DATE VETERANS ADMIN. DISBURSED VA CLAIM PAYMENT	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	VA_CLAIM_PAID_AMT	 	AMOUNT VETERANS ADMIN. PAID ON VA CLAIM	 	2	 	NO COMMAS(,) OR DOLLAR SIGNS ($)
	 	 	 	 	 	 	 
	MOTION_FOR_RELIEF_DATE	 	The date the Motion for Relief was filed	 	10	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	FRCLSR_BID_AMT	 	The foreclosure sale bid amount	 	11	 	No commas(,) or dollar signs ($)
	 	 	 	 	 	 	 
	FRCLSR_SALE_TYPE	 	The foreclosure sales results: REO, Third Party, Conveyance to HUD/VA	 	 	 	 
	 	 	 	 	 	 	 
	REO_PROCEEDS	 	The net proceeds from the sale of the REO property.	 	 	 	No commas(,) or dollar signs ($)
	 	 	 	 	 	 	 
	BPO_DATE	 	The date the BPO was done.	 	 	 	 
	 	 	 	 	 	 	 
	CURRENT_FICO	 	The current FICO score	 	 	 	 
	 	 	 	 	 	 	 
	HAZARD_CLAIM_FILED_DATE	 	The date the Hazard Claim was filed with the Hazard Insurance Company.	 	10	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	HAZARD_CLAIM_AMT	 	The amount of the Hazard Insurance Claim filed.	 	11	 	No commas(,) or dollar signs ($)
	 	 	 	 	 	 	 
	HAZARD_CLAIM_PAID_DATE	 	The date the Hazard Insurance Company disbursed the claim payment.	 	10	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	HAZARD_CLAIM_PAID_AMT	 	The amount the Hazard Insurance Company paid on the claim.	 	11	 	No commas(,) or dollar signs ($)
	 	 	 	 	 	 	 
	ACTION_CODE	 	Indicates loan status	 	 	 	Number
	 	 	 	 	 	 	 
	NOD_DATE	 	 	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	NOI_DATE	 	 	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	ACTUAL_PAYMENT_PLAN_START_DATE	 	 	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	ACTUAL_PAYMENT_ PLAN_END_DATE	 	 	 	 	 	 
	 	 	 	 	 	 	 
	ACTUAL_REO_START_DATE	 	 	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	REO_SALES_PRICE	 	 	 	 	 	Number
	 	 	 	 	 	 	 
	REALIZED_LOSS/GAIN	 	As defined in the Servicing Agreement	 	 	 	Number

  

    	 

    	 

    

 

Exhibit 2: Standard File Codes
– Delinquency Reporting

 

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

 

	 	·	ASUM-	Approved Assumption
	 	·	BAP-	Borrower Assistance Program
	 	·	CO-	Charge Off
	 	·	DIL-	Deed-in-Lieu
	 	·	FFA-	Formal Forbearance Agreement
	 	·	MOD-	Loan Modification
	 	·	PRE-	Pre-Sale
	 	·	SS-	Short Sale
	 	·	MISC-	Anything else approved by the PMI or Pool Insurer

 

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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}]]