Document:

EXHIBIT 10.3

 

EXECUTION COPY

 

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

 

This is an Assignment, Assumption
and Recognition Agreement (the “Agreement”) made as of the 27h day of January, 2012, among Redwood Residential
Acquisition Corporation, a Delaware corporation (“Assignor”), Sequoia Residential Funding, Inc., a Delaware corporation
(“Depositor”), U.S. Bank National Association, a national banking association, not in its individual capacity but solely
as trustee (in such capacity, the “Trustee” or the “Assignee”) under a Pooling and Servicing Agreement
dated as of January 1, 2012 (the “Pooling 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 April 8, 2011, between DLJ Mortgage Capital, Inc. and the Bank, as modified by the Assignment, Assumption
and Recognition Agreement, dated as of January 27, 2012 (the “DLJ AAR”), among DLJ Mortgage Capital, Inc., Redwood
Residential Acquisition Corporation 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. 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 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” (as such term is defined in the Sale and Servicing
Agreement) 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” (as such term is defined in the Sale and Servicing
Agreement) 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”
(as such term is defined in the Sale and Servicing Agreement), 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:

 

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(a)Assignee is a national banking association
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 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 the Sale and Servicing Agreement 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
as of the related Closing Date and (b) the representations and warranties set forth in Subsection 7.02 of the Sale and Servicing
Agreement as of the date hereof, 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 related Closing Date or the date hereof,
as the case may be, 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 (as defined in the Sale and Servicing Agreement) 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. 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 repurchase the related Mortgage Loan at the Repurchase
Price not later than 90 days after its discovery or receipt of notice of such breach by wire transfer of immediately available
funds to such account as Assignee shall specify to Assignor.

 

(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; and provided further that if
any Arbitration arising out of or relating to an obligation or alleged obligation of DLJ Mortgage Capital, Inc. to repurchase
a Mortgage Loan pursuant to Section 7 of the DLJ AAR relating to the same representation and warranty has commenced and is continuing,
then such Arbitration shall be joined with the Arbitration commenced hereunder.

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(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.

 

Recognition of Assignee

 

11.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 in the form of the Sale and Servicing Agreement, the terms of which are incorporated
herein by reference, as amended by this Agreement. 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 purchase and servicing agreement,
and the entire 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.

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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 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:

Sale and
Servicing Agreement:

	 	Subsection	Matter
	 	
         

        7.05
	
         

        Purchase Price Protection

	 	
         

        Addendum I
	
         

        Regulation AB Compliance Addendum

 

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(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 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 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 “Business Day,” “Eligible Account,” “Opinion of Counsel,” “Repurchase Price”
and “Stated Principal Balance” 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” and “Securities Administrator” 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.

 

Business Day:
Any day other than (i) a Saturday or a Sunday, (ii) a legal holiday in the states of California, Maryland, Minnesota, Missouri
or New York, (iii) a day on which banks in the states of California, 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 Agreement and all property acquired in respect of any such mortgage
loan remaining in the trust fund created pursuant to the Pooling Agreement on any date on which the aggregate stated principal
balance is less than 10% of the aggregate stated principal balance as of January 1, 2012, in accordance with the Pooling Agreement.

 

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

 

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Eligible Account:
Any account or accounts maintained with a federal or state chartered depository institution or trust company the short-term and
long-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal
subsidiary of a holding company, the debt obligations of such holding company) are rated in the highest rating category of the
Rating Agency with respect to short-term unsecured debt obligations and in one of the two highest rating categories of Fitch, Inc.
(the “Rating Agency”) with respect to long-term unsecured debt obligations at the time any amounts are held on deposit
therein. Eligible Accounts may bear interest. If the rating of the short-term or long-term unsecured debt obligations of the depository
institution or trust company that maintains the account or accounts is no longer in the highest rating category of the Rating Agency
with respect to short-term unsecured debt obligations or in one of the two highest rating categories of the Rating Agency with
respect to long-term unsecured debt obligations, the funds on deposit therewith in connection with this transaction shall be transferred
to an Eligible Account within 30 days of such downgrade.

 

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.

 

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

 

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

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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 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 2012-1 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 U.S. Bank National Association, as trustee of the Sequoia Mortgage Trust 2012-1” (the “2012-1
Custodial Account”), which shall be the Custodial Account under this Agreement for all purposes. If the 2012-1 Custodial
Account is no longer an Eligible Account, the Servicer shall transfer the 2012-1 Custodial Account to an account that is an Eligible
Account. The 2012-1 Custodial Account shall qualify as an Eligible Account. Such account may be the same as the account established
pursuant to the Flow Mortgage Loan Sale and Servicing Agreement dated as of July 1, 2010, between Assignor and the Bank, as modified
by the Assignment, Assignment, Assumption and Recognition Agreement dated the date hereof among the Assignor, the Depositor, the
Trustee and the Bank.

 

 

(d)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 2012-1
Custodial Account, as appropriate, out of the Servicer’s own funds, with no right to reimbursement therefor.

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(e)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.

 

(f)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 (k), to read in its entirety as follows:

 

or (l) 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;

 

(g)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.

 

(h)REMIC Provisions.

 

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

 

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

 

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

 

If a Mortgage Loan
is held by a REMIC, the Servicer shall not acquire any real property (or personal property incident to such real property) in respect
of such Mortgage Loan except in connection with a default or imminent default of such Mortgage Loan. In the event that a REMIC
acquires any real property (or personal property incident to such real property) in connection with a default or imminent default
of a Mortgage Loan, such property shall be disposed of by the Servicer as soon as practicable in a manner that, consistent with
prudent mortgage loan servicing practices, maximizes the net present value of the recovery to the trust formed pursuant to the
Pooling Agreement (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.

    	12

    	 	 

    

 

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

 

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

    	13

    	 	 

    

 

(i)                   
Avoidance of Consolidation.

 

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 created by the Pooling Agreement (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.

    	14

    	 	 

    

 

(b) The Servicer
covenants and agrees that it shall not transfer its servicing rights and duties under this Agreement and the Purchase 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(f) 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.

 

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

 

    	15

    	 	 

    

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.

 

(k)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, 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.

 

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

    	16

    	 	 

    

 

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.

 

(m)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.

 

(n)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:

 

	 	(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,
	 	 	 
	 	 	U.S. Bank National Association
	 	 	60 Livingston Avenue
	 	 	EP-MN-WS3D
	 	 	St. Paul, Minnesota, 55107
	 	 	Attention: Structured Finance – Sequoia Mortgage Loan Trust 2012-1

 

    	17

    	 	 

    

 

	 	(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
	 	 	Electronic mail address:  g=cts-spg-team-a-5@wellsfargo.com
	 	 	Attention:  Client Manager -- Sequoia Mortgage Trust 2012-1
	 	 	 
	 	(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.

    	18

    	 	 

    

 

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 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. 

 

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
U.S. Bank National Association (“U.S. Bank”) not in its individual capacity but solely as Trustee on behalf of the
trust created by the Pooling 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 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 U.S. Bank 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 U.S. Bank, 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 U.S. Bank 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.

 

    	19

    	 	 

    

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 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 #8386630, Sequoia Mortgage Trust
	 	2012-1 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.

 

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 U.S. Bank National Association, as trustee of the Sequoia
Mortgage Trust 2012-1 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.

    	20

    	 	 

    

 

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 2012-1” 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.

    	21

    	 	 

    

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

  

	 	REDWOOD RESIDENTIAL ACQUISITION CORPORATION
	 	Assignor
	 	 
	 	By: /s/ John Isbrandtsen           

	 	Name: John Isbrandtsen            

	 	Title: Authorized Officer            

	 	 
	 	 
	 	SEQUOIA RESIDENTIAL FUNDING, INC.
	 	Depositor
	 	 
	 	By: /s/ John Isbrandtsen           
	 	Name: John Isbrandtsen            
	 	Title: Authorized Officer            
	 	 
	 	U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity but solely as Trustee,
	 	Assignee
	 	 
	 	By: /s/ Tamara Schultz-Fugh      

	 	Name: Tamara Schultz-Fugh       

	 	Title: Vice President                     

	 	 
	 	 
	 	FIRST REPUBLIC BANK
	 	Bank
	 	 
	 	By: /s/
    Tony Sachs                         
	 	Name: Tony
    Sachs                       
	 	Title: Vice President                     

 

 

Accepted and agreed to by:

 

WELLS FARGO BANK, N.A.

Master Servicer

 

By: /s/ Graham M. Oglesby     

Name: Graham M. Oglesby      

Title: Vice President                  

 

 

    	22

    	 	 

    

ATTACHMENT 1

 

MORTGAGE LOAN SCHEDULE

	
KEY

	
Primary Servicer

	
Servicing Fee %

	
Servicing Fee—Flatdollar

	
Servicing 

Advance 

Methodology

	
Originator

	
Loan Group

	
Loan Number

	
Servicer Number

	
Amortization Type

	
Lien Position

	
HELOC Indicator

	
Loan Purpose

	
Cash Out Amount

	
Total Origination and Discount Points

	
1

	
1002338

	
0.002500

	  	
DLJ Mortgage Capital, Inc.

	
1002338

	
2

	
909000135

	
12-466127-8

	
1

	
1

	
0

	
7

	  	  
	
2

	
1002338

	
0.002500

	  	
DLJ Mortgage Capital, Inc.

	
1002338

	
2

	
909000126

	
12-465477-8

	
1

	
1

	
0

	
7

	  	  
	
3

	
1002338

	
0.002500

	  	
DLJ Mortgage Capital, Inc.

	
1002338

	
2

	
909000134

	
12-460880-8

	
1

	
1

	
0

	
9

	  	  

 

	
KEY

	
Primary Servicer

	
Servicing Fee %

	
Servicing Fee—Flatdollar

	
Servicing Advance Methodology

	
Originator

	
Loan Group

	
Loan Number

	
Servicer Number

	
Amortization Type

	
Lien Position

	
HELOC Indicator

	
Loan Purpose

	
Cash Out Amount

	
Total Origination and Discount Points

	
1

	
1002338

	
0.002500

	  	
DLJ Mortgage Capital, Inc.

	
1002338

	
2

	
909000135

	
   12-466127-8

	
1

	
1

	
0

	
7

	  	  
	
2

	
1002338

	
0.002500

	  	
DLJ Mortgage Capital, Inc.

	
1002338

	
2

	
909000126

	
12-465477-8

	
1

	
1

	
0

	
7

	  	  
	
3

	
1002338

	
0.002500

	  	
DLJ Mortgage Capital, Inc.

	
1002338

	
2

	
909000134

	
12-460880-8

	
1

	
1

	
0

	
9

	  	  

 

	
KEY

	
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

	
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)

	
1

	
1

	
0

	
0

	  	
361718.15

	
0.054000

	
2059.42

	
20120101

	
0

	
0

	  	  	  	  	  	  	  	  	  
	
2

	
1

	
0

	
0

	  	
684626.39

	
0.042000

	
3410.90

	
20120101

	
0

	
0

	  	  	  	  	  	  	  	  	  
	
3

	
1

	
0

	
0

	  	
716281.17

	
0.042000

	
3568.61

	
20120101

	
0

	
0

	  	  	  	  	  	  	  	  	  

 

	
KEY

	
Subsequent Interest

Rate Cap (Change

Up)

	
Lifetime Maximum

Rate (Ceiling)

	
Lifetime Minimum

Rate (Floor)

	
Negative

Amortization Limit

	
Initial Negative

Amortization Recast

Period

	
Subsequent

Negative

Amortization Recast

Period

	
Initial Fixed

Payment Period

	
Subsequent

Payment Reset

Period

	
Initial Periodic

Payment Cap

	
Subsequent

Periodic Payment

Cap

	
Initial Minimum

Payment Reset

Period

	
Subsequent

Minimum Payment

Reset Period

	
Option ARM

Indicator

	
Options at Recast

	
Initial Minimum

Payment

	
Current Minimum

Payment

	
1

	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  	  
	
2

	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  	  
	
3

	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  	  

 

	
KEY

	
Prepayment Penalty

Calculation

	
Prepayment Penalty

Type

	
Prepayment Penalty

Total Term

	
Prepayment Penalty

Hard Term

	
Primary Borrower ID

	
Number of

Mortgaged

Properties

	
Total Number of

Borrowers

	
Self-employment

Flag

	
Current ‘Other’

Monthly Payment

	
Length of

Employment:

Borrower

	
Length of

Employment: Co-

Borrower

	
Years in Home

	
FICO Model Used

	
Most Recent FICO

Date

	
Primary Wage

Earner Original

FICO: Equifax

	
Primary Wage

Earner Original

FICO: Experian

	
1

	  	  	
0

	  	
100

	
2

	  	
0

	  	
1

	
0

	
0

	
1

	
20111025

	  	  
	
2

	  	  	
0

	  	
342

	
1

	  	
0

	  	
7

	  	
0

	
1

	
20111025

	  	  
	
3

	  	  	
0

	  	
410

	
1

	  	
0

	  	
16

	  	
5

	
1

	
20111025

	  	  

	
KEY

	
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

	
VantageScore: Co-

Borrower

	
Most Recent

VantageScore

Method

	
VantageScore Date

	
Credit Report:

Longest Trade Line

	
Credit Report:

Maximum Trade

Line

	
1

	  	  	  	  	
680

	
726

	  	
3

	  	  	  	  	  	  
	
2

	  	  	  	  	
690

	
695

	  	
3

	  	  	  	  	  	  
	
3

	  	  	  	  	
662

	
687

	  	
3

	  	  	  	  	  	  

 

	
KEY

	
Credit Report:

Number of Trade

Lines

	
Credit Line Usage

Ratio

	
Most Recent 12-

month Pay History

	
Months Bankruptcy

	
Months Foreclosure

	
Primary Borrower

Wage Income

	
Co-Borrower Wage

Income

	
Primary Borrower

Other Income

	
Co-Borrower Other

Income

	
All Borrower Wage

Income

	
All Borrower Total

Income

	
4506-T Indicator

	
Borrower Income

Verification Level

	
Co-Borrower

Income Verification

	
Borrower

Employment

Verification

	
Co-Borrower

Employment

Verification

	
1

	  	  	
000000000000

	  	  	
10416.67

	
12083

	
0

	  	
22500

	
22500

	
0

	
5

	  	
2

	  
	
2

	  	  	
000000000000

	  	  	
20833.33

	
0

	
0

	  	
20833.33

	
20833.33

	
0

	
5

	  	
2

	  
	
3

	  	  	
000000000000

	  	  	
124165

	
0

	
0

	  	
124165

	
124165

	
0

	
5

	  	
2

	  

 

	
KEY

	
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

	
State

	
Postal Code

	
Property Type

	
Occupancy

	
Sales Price

	
Original Appraised

Property Value

	
1

	
4

	  	
89819.65

	
5689.59

	
0.3444000

	  	  	
100

	
SAN JOSE

	
CA

	
95112

	
15

	
3

	
489000.00

	
489000.00

	
2

	
4

	  	
2040624.3

	
4714.11

	
  0.3900000

	  	  	
100

	
  CARLSBAD

	
CA

	
92009

	
6

	
1

	
  1200000.00

	
  1200000.00

	
3

	
4

	  	
  3782636.63

	
  11331.20

	
0.1200000

	  	  	
100

	
WOODSIDE

	
CA

	
94062

	
1

	
1

	  	
5300000.00

 

	
KEY

	
Original Property

Valuation Type

	
Original Property

Valuation Date

	
Original Automated

Valuation Model

(AVM) Model Name

	
Original AVM

Confidence Score

	
Most Recent

Property Value2

	
Most Recent

Property Valuation

Type

	
Most Recent

Property Valuation

Date

	
Most Recent AVM

Model Name

	
Most Recent AVM

Confidence Score

	
Original CLTV

	
Original LTV

	
Original Pledged

Assets

	
Mortgage Insurance

Company Name

	
Mortgage Insurance

Percent

	
MI: Lender or

Borrower Paid?

	
1

	
3

	
20101119

	  	  	  	  	  	  	  	
0.750000

	
0.750000

	
0

	
0

	
0

	  
	
2

	
3

	
20101101

	  	  	  	  	  	  	  	
0.750000

	
0.581250

	
0

	
0

	
0

	  
	
3

	
3

	
20100622

	  	  	  	  	  	  	  	
0.233915

	
0.137689

	
0

	
0

	
0

	  

 

	
KEY

	
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

	  	  	  	  	  	  	  	  	  

 

	
KEY

	
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

	
1

	  	  	  	  	  	  	  	  
	
2

	  	  	  	  	  	  	  	  
	
3

	  	  	  	  	  	  	  	  

 

	
KEY

	
Cash To/From Brrw at Closing

	
Brrw - Yrs at in Industry

	
CoBrrw - Yrs at in Industry

	
Junior Mortgage Drawn Amount

	
Maturity Date

	
Primary Borrower Wage Income (Salary)

	
Primary Borrower Wage Income (Bonus)

	
Primary Borrower Wage Income (Commission)

	
Co-Borrower Wage Income (Salary)

	
Co-Borrower Wage Income (Bonus)

	
Co-Borrower Wage Income (Commission)

	
Originator Doc Code

	
RWT Income Verification

	
RWT Asset Verification

	
1

	  	
6

	
10

	  	
20410101

	
10,417.00

	  	  	
12,083.00

	  	  	
Full

	
2 years

	
2 Months

	
2

	  	
7

	  	
202500

	
20401201

	
20,833.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
3

	  	
16

	  	
510000

	
20401201

	
124,165.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

 

  

  

  

	
Loan Number

	
Redwood Loan Number

	
DD Loan Number

	
7116767018

	
2000000027

	
600119300

	
22-462910-1

	
3000000262

	
600131437

	
22-463008-3

	
3000000283

	
600132623

	
22-462990-3

	
3000000288

	
600132694

	
22-464097-5

	
3000000348

	
600135657

	
22-464063-7

	
3000000385

	
600137326

	
22-464627-9

	
3000000435

	
600138718

	
7118457022

	
2000000343

	
600145303

	
22-465060-2

	
3000000449

	
600145933

	
22-467514-6

	
3000000463

	
600147089

	
22-466744-0

	
3000000466

	
600147090

	
22-467563-3

	
3000000468

	
600147103

	
22-464586-7

	
3000000480

	
600149571

	
22-455619-7

	
841000001

	
600151591

	
7119654767

	
2000000473

	
600152229

	
22-468033-6

	
3000000501

	
600152540

	
22-469026-9

	
3000000508

	
600153553

	
22-114222-3

	
3000000562

	
600153559

	
22-469217-4

	
3000000526

	
600153743

	
22-114166-2

	
856000001

	
600153745

	
22-469207-5

	
3000000529

	
600153771

	
22-469378-4

	
3000000552

	
600153773

	
22-114221-5

	
3000000551

	
600153865

	
22-468338-9

	
3000000531

	
600154267

	
22-468554-1

	
3000000557

	
600154268

	
7120359166

	
2000000504

	
600254724

	
22-469668-8

	
3000000613

	
600254752

	
2027601803

	
1050000663

	
600254765

	
2131700638

	
1050000773

	
600254766

	
3006612518

	
1050000809

	
600254767

	
7120816173

	
2000000641

	
600255648

	
2083600913

	
1050000790

	
600256922

	
12-466802-6

	
868000029

	
600256932

	
12-468233-2

	
868000025

	
600256933

	
12-469810-6

	
868000013

	
600256934

	
12-465265-7

	
868000027

	
600256935

	
12-467534-4

	
868000030

	
600256936

	
12-465953-8

	
868000035

	
600256937

	
12-465358-0

	
868000016

	
600256938

	
12-466268-0

	
868000012

	
600256939

	
12-467762-1

	
868000014

	
600256940

	
12-464298-9

	
868000034

	
600256941

	
12-470021-7

	
868000031

	
600256944

	
12-465028-9

	
868000003

	
600256945

	
12-466422-3

	
868000011

	
600256946

	
22-469782-7

	
3000000651

	
600257274

	
22-469969-0

	
3000000640

	
600257359

	
22-469894-0

	
3000000673

	
600257361

	
2027601961

	
1050000786

	
600257399

	
22-470155-3

	
3000000668

	
600257430

	
22-470308-8

	
3000000718

	
600257433

	
22-470334-4

	
3000000726

	
600258499

	
12-463921-7

	
869000001

	
600259099

	
12-465545-2

	
869000006

	
600259100

	
12-466142-7

	
869000008

	
600259101

	
12-467476-8

	
869000010

	
600259102

	
22-470436-7

	
3000000779

	
600259171

	
22-468197-9

	
3000000795

	
600259803

	
22-469869-2

	
3000000802

	
600259804

	
2153601079

	
1050000781

	
600259809

	
20631100115

	
1050000821

	
600259810

	
3006612846

	
1050000861

	
600259811

	
2198600319

	
1050000888

	
600259812

	
7120289157

	
2000000581

	
600259820

	
7120918300

	
2000000678

	
600259823

	
7121082353

	
2000000806

	
600259826

	
7120766279

	
2000000675

	
600259890

	
7120605030

	
2000000834

	
600259892

	
2051601528

	
1050000892

	
600259904

	
2135601691

	
1050000900

	
600259905

	
22-470302-1

	
3000000720

	
600259927

	
22-470038-1

	
3000000845

	
600259929

	
22-470852-5

	
3000000846

	
600260164

	
12-465498-4

	
882000002

	
600260170

	
12-465549-4

	
882000003

	
600260171

	
2073603307

	
1050000808

	
600260334

	
22-470853-3

	
3000000847

	
600260364

	
2001708071

	
1050000810

	
600260369

	
222782

	
1000000886

	
600260447

	
2003602264

	
1050000836

	
600261156

	
2141600122

	
1050000911

	
600261158

	
2073603486

	
1050000903

	
600261325

	
7000603545

	
1050000940

	
600261326

	
2244701095

	
1050000947

	
600261327

	
2001707282

	
1050000882

	
600262314

	
2001707491

	
1050000893

	
600262315

	
7120686444

	
2000000804

	
600262678

	
7121251800

	
2000000874

	
600262679

	
1075123

	
1300000942

	
600262686

	
2198600334

	
1050000904

	
600262875

	
225304

	
1000000897

	
600263028

	
225746

	
1000000964

	
600263029

	
2027602080

	
1050000941

	
600263073

	
5040351321

	
2000000627

	
600263174

	
5040350877

	
2000000654

	
600263175

	
7121006428

	
2000000817

	
600263176

	
7120768283

	
2000000867

	
600263180

	
7121571579

	
2000000912

	
600263182

	
7120681791

	
2000000956

	
600263183

	
2135601557

	
1050001057

	
600263184

	
12-470023-3

	
3000000851

	
600263185

	
12-469559-9

	
3000000913

	
600263186

	
3721600135

	
1050001011

	
600263203

	
12-471694-0

	
3000000920

	
600263204

	
2123700490

	
1050000924

	
600263298

	
2198600346

	
1050000905

	
600263314

	
2088700361

	
1050000970

	
600263315

	
3612601111

	
1050001001

	
600263316

	
2088700451

	
1050001044

	
600263317

	
2027602115

	
1050001036

	
600263328

	
225401

	
1000000969

	
600263717

	
22-114256-1

	
3000000936

	
600263718

	
2027602067

	
1050000922

	
600263731

	
3726600027

	
1050001026

	
600264081

	
2036605744

	
1050000977

	
600264901

	
3624700942

	
1050001035

	
600264902

	
3092605524

	
1050001070

	
600264903

	
226182

	
1000000926

	
600264904

	
7119965072

	
2000000875

	
600264906

	
7121085000

	
2000000918

	
600264922

	
7121754175

	
2000000958

	
600264923

	
2028606980

	
1050000992

	
600264924

	
3627601196

	
1050001004

	
600264925

	
2036605817

	
1050000967

	
600264927

	
3650602060

	
1050000982

	
600264928

	
2001708537

	
1050000994

	
600264935

	
2051601611

	
1050000986

	
600264937

	
3602601382

	
1050000989

	
600264938

	
3006613221

	
1050001007

	
600264939

	
2001708593

	
1050001058

	
600264940

	
223089

	
1000001043

	
600265106

	
1042394

	
1300000953

	
600265107

	
1077215

	
1300000980

	
600265108

	
2168600339

	
1050001065

	
600265186

	
3726600244

	
1050001169

	
600265187

	
1073668

	
1300000978

	
600266249

	
225955

	
1000001033

	
600266303

	
201316

	
1000001034

	
600266304

	
7121666429

	
2000000968

	
600266324

	
7121902899

	
2000000984

	
600266325

	
7121903640

	
2000000985

	
600266326

	
7121723493

	
2000000990

	
600266327

	
7121909985

	
2000001013

	
600266328

	
2204600190

	
1050000975

	
600266583

	
2161601739

	
1050001101

	
600266584

	
12-472676-6

	
3000001003

	
600266585

	
2027602053

	
1050000944

	
600266838

	
1083602358

	
1050001023

	
600266839

	
2253600055

	
1050001045

	
600266840

	
6005600186

	
1050001249

	
600266842

	
2125602741

	
1050001099

	
600266843

	
12-473036-2

	
3000001030

	
600266852

	
12-473037-0

	
3000001031

	
600266853

	
12-470428-4

	
3000001124

	
600266854

	
2238600275

	
1050000963

	
600266855

	
20171100351

	
1050001040

	
600266856

	
2027602127

	
1050001086

	
600266857

	
2238600305

	
1050001100

	
600266858

	
3670600488

	
1050001111

	
600266859

	
6014600293

	
1050001157

	
600266860

	
3707602678

	
1050001067

	
600267299

	
3602601402

	
1050001098

	
600267300

	
2154601123

	
1050001110

	
600267301

	
3726600119

	
1050001167

	
600267302

	
2036605864

	
1050001019

	
600267837

	
2027602116

	
1050001066

	
600267838

	
3726600200

	
1050001168

	
600267839

	
2198600379

	
1050001194

	
600267840

	
12-473133-7

	
3000001053

	
600267841

	
12-473070-1

	
3000001060

	
600267842

	
12-473229-3

	
3000001062

	
600267843

	
12-467840-5

	
3000001130

	
600267844

	
12-469097-0

	
3000001131

	
600267845

	
12-470377-3

	
3000001132

	
600267846

	
12-470769-1

	
3000001133

	
600267847

	
12-470908-5

	
3000001135

	
600267849

	
12-470975-4

	
3000001136

	
600267850

	
12-471292-3

	
3000001137

	
600267851

	
12-471308-7

	
3000001138

	
600267852

	
12-471508-2

	
3000001139

	
600267853

	
12-471662-7

	
3000001140

	
600267854

	
12-471696-5

	
3000001141

	
600267855

	
12-471764-1

	
3000001142

	
600267856

	
12-472005-8

	
3000001143

	
600267857

	
12-472143-7

	
3000001144

	
600267858

	
22-472359-9

	
3000001146

	
600267859

	
2028607129

	
1050001087

	
600267873

	
2273600002

	
1050001090

	
600267874

	
12-472298-9

	
3000001072

	
600267912

	
12-473194-9

	
3000001073

	
600267913

	
12-473134-5

	
3000001038

	
600268949

	
12-473145-1

	
3000001082

	
600268951

	
12-473457-0

	
3000001097

	
600268952

	
2177600280

	
1050001063

	
600269262

	
2154601108

	
1050001094

	
600269263

	
3726600150

	
1050001128

	
600269265

	
3705600434

	
1050001195

	
600269267

	
7120850032

	
2000000792

	
600269287

	
7121668326

	
2000000993

	
600269288

	
7121966142

	
2000001014

	
600269289

	
7121753466

	
2000001022

	
600269290

	
7120524207

	
2000001096

	
600269291

	
7121575273

	
2000001108

	
600269292

	
7121919133

	
2000001162

	
600269293

	
12-472243-5

	
3000001145

	
600269294

	
2097600762

	
1050001010

	
600269320

	
3602601390

	
1050001079

	
600269321

	
2248600040

	
1050001112

	
600271908

	
3006613329

	
1050001118

	
600271909

	
22-473628-6

	
3000001116

	
600271910

	
12-471695-7

	
3000001348

	
600271911

	
12-471420-0

	
3000001349

	
600271912

	
1076716

	
1300001077

	
600273390

	
1076082

	
1300001181

	
600273391

	
1077462

	
1300001182

	
600273392

	
12-473518-9

	
3000001105

	
600273415

	
5050454775

	
2000000948

	
600274056

	
7121336809

	
2000000983

	
600274057

	
7121832930

	
2000001041

	
600274058

	
7122307155

	
2000001184

	
600274059

	
001082241

	
1300001270

	
600274213

	
7122239028

	
2000001152

	
600274214

	
7122256725

	
2000001183

	
600274215

	
7121722271

	
2000000991

	
600274216

	
3052602876

	
1050001187

	
600274218

	
12-473276-4

	
3000001176

	
600274219

	
12-473927-2

	
3000001177

	
600274220

	
3651604471

	
1050001222

	
600274999

	
2046605421

	
1050001275

	
600275000

	
20631100547

	
1050001307

	
600275001

	
6005600286

	
1050001338

	
600275002

	
7121657733

	
2000001075

	
600275003

	
12-474046-0

	
3000001236

	
600275005

	
12-114255-3

	
3000001677

	
600275006

	
12-465477-8

	
909000126

	
600275153

	
12-460880-8

	
909000134

	
600275154

	
12-466127-8

	
909000135

	
600275155

	
2210600429

	
1050001089

	
600275166

	
12-474206-0

	
3000001243

	
600275167

	
12-473983-5

	
3000001342

	
600275168

	
2105600365

	
1050001571

	
600275921

	
7121753607

	
2000000972

	
600275922

	
7122334985

	
2000001267

	
600275923

	
7122451052

	
2000001515

	
600275924

	
3706601428

	
1050001758

	
600276858

	
12-474188-0

	
3000001238

	
600276859

	
7121674803

	
2000001403

	
600276860

	
7122076396

	
2000001088

	
600277197

	
12-473362-2

	
3000001197

	
600277199

	
12-474281-3

	
3000001214

	
600277200

	
12-473732-6

	
3000001347

	
600277201

	
3643602404

	
1050001155

	
600277202

	
001070685

	
1300001012

	
600277203

	
001080934

	
1300001174

	
600277204

	
20321100005

	
1050001115

	
600277259

	
2039604549

	
1050001189

	
600277261

	
12-474234-2

	
3000001213

	
600277263

	
12-474538-6

	
3000001276

	
600277264

	
12-473776-3

	
3000001289

	
600277265

	
12-474536-0

	
3000001345

	
600277266

	
7122331841

	
2000001190

	
600277267

	
7122356434

	
2000001271

	
600277268

	
6014600088

	
1050001092

	
600277278

	
2218601128

	
1050001227

	
600277280

	
2198600438

	
1050001274

	
600277281

	
22-462687-5

	
814000005

	
600277282

	
22-463392-1

	
814000006

	
600277283

	
12-465022-2

	
868000001

	
600277284

	
12-466794-5

	
868000002

	
600277285

	
12-466540-2

	
868000004

	
600277286

	
12-466115-3

	
868000006

	
600277287

	
12-466311-8

	
868000007

	
600277288

	
12-466681-4

	
868000008

	
600277289

	
12-465277-2

	
868000009

	
600277290

	
12-465945-4

	
868000010

	
600277291

	
12-469251-3

	
868000015

	
600277292

	
12-465189-9

	
868000017

	
600277293

	
12-470449-0

	
868000018

	
600277294

	
12-465950-4

	
868000019

	
600277295

	
12-465680-7

	
868000020

	
600277296

	
12-468883-4

	
868000021

	
600277297

	
12-465802-7

	
868000022

	
600277298

	
12-466809-1

	
868000023

	
600277299

	
12-467125-1

	
868000024

	
600277300

	
12-468482-5

	
868000026

	
600277301

	
12-466745-7

	
868000028

	
600277302

	
12-465834-0

	
868000032

	
600277303

	
12-470164-5

	
868000033

	
600277304

	
12-465114-7

	
869000004

	
600277306

	
12-465290-5

	
869000005

	
600277307

	
12-465777-1

	
869000007

	
600277308

	
12-466146-8

	
869000009

	
600277309

	
12-468707-5

	
869000011

	
600277310

	
12-473040-4

	
3000001016

	
600277327

	
12-473069-3

	
3000001231

	
600277328

	
12-474309-2

	
3000001240

	
600277329

	
2030601875

	
1050001256

	
600277332

	
6008684

	
1650001624

	
600277333

	
3052602909

	
1050001340

	
600277452

	
001080213

	
1300001120

	
600277619

	
12-474396-9

	
3000001248

	
600277620

	
12-474615-2

	
3000001304

	
600277621

	
12-474625-1

	
3000001305

	
600277622

	
12-474793-7

	
3000001326

	
600277623

	
12-474356-3

	
3000001344

	
600277624

	
12-474454-6

	
3000001355

	
600277625

	
12-472651-9

	
3000001160

	
600277745

	
12-470920-0

	
3000001334

	
600277746

	
2108600297

	
1050001284

	
600278836

	
6005600235

	
1050001621

	
600278838

	
001081295

	
1300001221

	
600278839

	
001082302

	
1300001380

	
600278841

	
001081489

	
1300001314

	
600278842

	
212044

	
1000001574

	
600279167

	
3602601352

	
1050001117

	
600279168

	
6005600275

	
1050001253

	
600279169

	
12-474927-1

	
3000001357

	
600279194

	
2027602195

	
1050001777

	
600279195

	
2154601170

	
1050001229

	
600279196

	
224051

	
1000001642

	
600279199

	
7120444828

	
2000001588

	
600279200

	
21871100062

	
1050001254

	
600279333

	
3602601464

	
1050001433

	
600279335

	
12-474100-5

	
3000001346

	
600279336

	
12-474767-1

	
3000001356

	
600279337

	
7122405942

	
2000001299

	
600279339

	
2051601642

	
1050001512

	
600280458

	
2001708341

	
1050001179

	
600280460

	
12-473903-3

	
3000001255

	
600280494

	
12-474999-0

	
3000001367

	
600280495

	
6010270

	
1650001511

	
600280496

	
12-473930-6

	
3000001233

	
600280931

	
12-474252-4

	
3000001239

	
600280932

	
12-474783-8

	
3000001325

	
600281543

	
12-474762-2

	
3000001405

	
600281544

	
12-475316-6

	
3000001507

	
600281545

	
22-114276-9

	
3000001278

	
600282102

	
12-475084-0

	
3000001408

	
600282103

	
12-475126-9

	
3000001454

	
600282104

	
21491100132

	
1050001317

	
600282789

	
7122627289

	
2000001568

	
600282791

	
12-475079-0

	
3000001407

	
600282792

	
12-475220-0

	
3000001455

	
600282793

	
12-475255-6

	
3000001464

	
600282794

	
12-475267-1

	
3000001465

	
600282795

	
12-473750-8

	
3000001418

	
600282796

	
001080666

	
1300001516

	
600282797

	
001081407

	
1300001211

	
600283120

	
001085417

	
1300001580

	
600283121

	
12-475097-2

	
3000001578

	
600283122

	
6010180

	
1650001458

	
600284125

	
231027

	
1000001250

	
600284520

	
2058601997

	
1050001815

	
600284526

	
12-472155-1

	
3000001595

	
600284527

	
12-474022-1

	
3000001235

	
600284528

	
12-472777-2

	
3000002004

	
600285029

	
5040436072

	
2000001351

	
600285216

	
7122705481

	
2000001610

	
600285217

	
7122969368

	
2000001788

	
600285218

	
231043

	
1000001251

	
600285219

	
7122780740

	
2000001611

	
600285524

	
7122619625

	
2000001439

	
600286773

	
001078858

	
1300001283

	
600286774

	
12-474638-4

	
3000001627

	
600287923

	
8000383

	
1650001762

	
600288023

	
2045701120

	
1050001750

	
600288086

	
12-475406-5

	
3000001643

	
600289593

	
12-475004-8

	
3000001655

	
600289867

	
22-471347-5

	
978000001

	
600295295

	
22-470986-1

	
978000002

	
600295296

	
22-470751-9

	
978000003

	
600295297

	
22-471274-1

	
978000005

	
600295299

	
22-471474-7

	
978000009

	
600295303

	
22-473895-1

	
978000012

	
600295306

	
22-474402-5

	
978000014

	
600295308

	
22-472531-3

	
978000017

	
600295311

	
22-473538-7

	
978000018

	
600295312

	
22-474143-5

	
978000024

	
600295318

	
22-473670-8

	
978000027

	
600295321

	
22-473623-7

	
978000030

	
600295324

	
22-473889-4

	
978000031

	
600295325

	
22-473945-4

	
978000033

	
600295327

	
22-474353-0

	
978000034

	
600295328

	
22-472722-8

	
978000035

	
600295329

	
22-474077-5

	
978000036

	
600295330

	
22-474750-7

	
978000037

	
600295331

	
22-472504-0

	
978000039

	
600295333

	
22-473084-2

	
978000040

	
600295334

	
22-473598-1

	
978000042

	
600295336

	
22-473019-8

	
978000043

	
600295337

	
22-471526-4

	
978000046

	
600295340

	
22-473594-0

	
978000047

	
600295341

	
22-472802-8

	
978000048

	
600295342

	
22-472513-1

	
978000049

	
600295343

	
22-471784-9

	
978000050

	
600295344

	
22-470404-5

	
978000051

	
600295345

	
22-468312-4

	
978000053

	
600295347

	
22-472911-7

	
978000054

	
600295348

	
22-473860-5

	
978000055

	
600295349

	
22-473556-9

	
978000058

	
600295352

	
22-471999-3

	
978000059

	
600295353

	
22-472313-6

	
978000061

	
600295355

	
22-473141-0

	
978000063

	
600295357

	
22-473230-1

	
978000065

	
600295359

	
22-471634-6

	
978000082

	
600295376

	
503279849

	
1150001401

	
Clayton.  No loanid

	
503294792

	
1150001498

	
Clayton.  No loanid

	
503260869

	
1150001373

	
Clayton.  No loanid

	
503281720

	
1150001400

	
Clayton.  No loanid

	
503266350

	
1150001395

	
Clayton.  No loanid

	
503283192

	
1150001371

	
Clayton.  No loanid

	
503278341

	
1150001970

	
Clayton.  No loanid

	
503275972

	
1150001597

	
Clayton.  No loanid

	
503272061

	
1150001383

	
Clayton.  No loanid

	
503260793

	
1150001399

	
Clayton.  No loanid

	
503273065

	
1150001384

	
Clayton.  No loanid

	
503234706

	
1150001372

	
Clayton.  No loanid

	
503335768

	
1150001855

	
Clayton.  No loanid

	
503280657

	
1150001417

	
Clayton.  No loanid

	
503276011

	
1150001374

	
Clayton.  No loanid

	
503285149

	
1150001527

	
Clayton.  No loanid

	
503278520

	
1150001375

	
Clayton.  No loanid

	
503257737

	
1150001378

	
Clayton.  No loanid

	
503273469

	
1150001385

	
Clayton.  No loanid

	
503273037

	
1150001556

	
Clayton.  No loanid

	
2011000462

	
1400001469

	
Clayton.  No loanid

	
503259752

	
1150001402

	
Clayton.  No loanid

	
2011000933

	
1400001741

	
Clayton.  No loanid

	
503299399

	
1150001503

	
Clayton.  No loanid

	
503273456

	
1150001387

	
Clayton.  No loanid

	
503255085

	
1150001398

	
Clayton.  No loanid

	
503272937

	
1150001397

	
Clayton.  No loanid

	
503251726

	
1150001694

	
Clayton.  No loanid

	
503256518

	
1150001376

	
Clayton.  No loanid

	
503279494

	
1150001537

	
Clayton.  No loanid

	
503279768

	
1150001632

	
Clayton.  No loanid

	
503302762

	
1150001481

	
Clayton.  No loanid

	
503281800

	
1150001411

	
Clayton.  No loanid

	
503253990

	
1150001517

	
Clayton.  No loanid

	
503272246

	
1150001899

	
Clayton.  No loanid

	
503326005

	
1150001755

	
Clayton.  No loanid

	
2011001782

	
1400001850

	
Clayton.  No loanid

	
503339764

	
1150001888

	
Clayton.  No loanid

	
503325948

	
1150001768

	
Clayton.  No loanid

	
503301258

	
1150001486

	
Clayton.  No loanid

	
503254794

	
1150001681

	
Clayton.  No loanid

 

  

  

  

	
MERSID

	
Organization

	
1002338

	
First Republic

	
1000536

	
Prime Lending

	
1000938

	
Select Portfolio Servicing

	
1000200

	
PHH

	
1006404

	
Wells Fargo

	
1000104

	
SunTrust Mortgage, Inc.

	
1001863

	
Sterling Savings Bank

	
1000383

	
Cenlar FSB

	
1008498

	
Flagstar Bank, F.S.B.

	
1000522

	
Franklin American Mortgage

	
1000312

	
Wintrust Mortgage A Division of Barrington Bank & Trust Co

	
1003970

	
GuardHill Financial Corp.

	
1008808

	
Cole Taylor Bank

 

 

  

  

  

 

ASF RMBS DISCLOSURE PACKAGE

 

	
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

	
For “Cash-out” loans (see Glossary):

 

[NEW LOAN AMOUNT] – [PAID-OFF FIRST MORTGAGE LOAN AMOUNT] – [PAID-OFF SECOND MORTGAGE LOAN AMOUNT (if Second was used to purchase the property)] – [CLOSING COSTS].

	
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.

	
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.

	
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

	  	  
	
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

 

See Exhibit 10.5 to Form 8-K filed by the Issuing Entity on January 26, 2012

 

    	 

    	 	 

    

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 September 1, 2011, among U.S. Bank National Association, 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
	CustodianUnassociated Document

EXHIBIT 10.4

 

EXECUTION COPY

 

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

This is an Assignment, Assumption and Recognition Agreement (the “Agreement”) made as of the 27th day of January, 2012, among Redwood Residential Acquisition Corporation, a Delaware corporation (“Assignor”), Sequoia Residential Funding, Inc., a Delaware corporation (“Depositor”), U.S. Bank National Association, a national banking association, 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 January 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 national banking association 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.  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 repurchase the related Mortgage Loan at the Repurchase Price not later than 90 days after its discovery or receipt of notice of such breach 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.

 

                             (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.

 

  

6

  

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

(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:

 

  

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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.

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:

  

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                              (a)             Definitions.

(i)           The definitions of “Arbitration,” “Business Day,” “Designated Guidelines,” “Eligible 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, or the State of New Jersey, or the State of California, or the State of Maryland or the State of Minnesota, or (iii) a day on which banks in the State of New York, or the State of New Jersey, or the State of California, or the State of Maryland or the State of Minnesota are authorized or obligated by law or executive order to be closed.

 

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.

Eligible Account:  Any account or accounts maintained with a federal or state chartered depository institution or trust company the short-term and long-term unsecured debt obligations of which are rated in the highest rating category of the Rating Agency with respect to short-term unsecured debt obligations and in one of the two highest rating categories of Fitch, Inc. (the “Rating Agency”) with respect to long-term unsecured debt obligations at the time any amounts are held on deposit therein. Eligible Accounts may bear interest.  If the rating of the short-term or long-term unsecured debt obligations of the depository institution or trust company that maintains the account or accounts is no longer in the highest rating category of the Rating Agency with respect to short-term unsecured debt obligations or in one of the two highest rating categories of the Rating Agency with respect to long-term unsecured debt obligations, the funds on deposit therewith in connection with this transaction shall be transferred to an Eligible Account within 30 days of such downgrade.

  

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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;

(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;

  

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(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.

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.

  

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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 2012-1 Mortgage Pass-Through Certificates as a single class.

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

 (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 2012-1 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 U.S. Bank National Association, as trustee of the Sequoia Mortgage Trust 2012-1” (the “2012-1 Collection Account”), which shall be the Collection Account under this Agreement for all purposes.  If the 2012-1 Collection Account is no longer an Eligible Account, the Servicer shall transfer the 2012-1 Collection Account to an account that is an Eligible Account.

  

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 (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.  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.

(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.

  

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(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, or accept substitute or additional collateral or release any collateral for such Mortgage Loan.

(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.

  

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(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.

(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.

  

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(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).

(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.

  

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

If a Mortgage Loan is held by a REMIC, the Servicer shall not acquire any real property (or personal property incident to such real property) in respect of such Mortgage Loan except in connection with a default or imminent default of such Mortgage Loan. In the event that a REMIC acquires any real property (or personal property incident to such real property) in connection with a default or imminent default of a Mortgage Loan, such property shall be disposed of by the Servicer as soon as practicable in a manner that, consistent with prudent mortgage loan servicing practices, maximizes the net present value of the recovery to the Trust, but in any event within three years after its acquisition by such REMIC unless the Servicer provides to the Purchaser and the 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.

  

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 (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;

 (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.

 

  

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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.

(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.

  

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(o)           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.

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,

U.S. Bank National Association

60 Livingston Avenue

EP-MN-WS3D

St. Paul, Minnesota, 55107

Attention: Structured Finance – Sequoia Mortgage Loan Trust 2012-1

  

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 (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 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

 Electronic mail address:  g=cts-spg-team-a-5@wellsfargo.com

 Attention:  Client Manager — Sequoia Mortgage Trust 2012-1

 

(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

  

               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.

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 U.S. Bank National Association (“U.S. Bank”) 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 U.S. Bank 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 U.S. Bank, 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 U.S. Bank 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.

  

22

  

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.

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 #8386630, Sequoia Mortgage Trust 2012-1 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.

 

  

23

  

                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 2012-1” 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:

	 
/s/ John Isbrandtsen

	  
	  	
Name:

	 
John Isbrandtsen

	  
	  	
Title:

	 
Authorized Officer

	  
	  	  
	  	
SEQUOIA RESIDENTIAL FUNDING, INC.

	  	
Depositor

	  	  
	  	
By:

	 
/s/ John Isbrandtsen

	  
	  	
Name:

	 
John Isbrandtsen

	  
	  	
Title:

	 
Authorized Officer

	  
	  	  
	  	
U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity but solely as Trustee,

	  	
Assignee

	  	  
	  	
By:

	 
/s/ Tamara Schultz-Fugh

	  
	  	
Name:

	 
Tamara Schultz-Fugh

	  
	  	
Title:

	 
Vice President

	  
	  	  
	  	
PHH MORTGAGE CORPORATION

	  	  
	  	
By:

	 
/s/ Allyn Brown

	  
	  	
Name:

	 
Allyn Brown

	  
	  	
Title:

	 
Vice President

	  

Accepted and agreed to by:

	
WELLS FARGO BANK, N.A.

	
Master Servicer

	
By:

	 
/s/ Graham M. Oglesby

	  
	
Name:

	 
Graham M. Oglesby

	  
	
Title:

	 
Vice President

	  

  

25

  

ATTACHMENT 1

MORTGAGE LOAN SCHEDULE

 

	
KEY

	
Primary Servicer

	
Servicing Fee %

	
Servicing Fee—Flatdollar

	
Servicing Advance Methodology

	
Originator

	
Loan Group

	
Loan Number

	
Servicer Number

	
Amortization Type

	
Lien Position

	
HELOC Indicator

	
Loan Purpose

	
Cash Out Amount

	
1

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000985

	
7121903640

	
1

	
1

	
0

	
7

	  
	
2

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000000817

	
7121006428

	
2

	
1

	
0

	
9

	  
	
3

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001184

	
7122307155

	
1

	
1

	
0

	
6

	  
	
4

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000958

	
7121754175

	
1

	
1

	
0

	
7

	  
	
5

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000968

	
7121666429

	
1

	
1

	
0

	
7

	  
	
6

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000000343

	
7118457022

	
2

	
1

	
0

	
9

	  
	
7

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000984

	
7121902899

	
1

	
1

	
0

	
7

	  
	
8

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001515

	
7122451052

	
1

	
1

	
0

	
7

	  
	
9

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000000804

	
7120686444

	
2

	
1

	
0

	
7

	  
	
10

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000000641

	
7120816173

	
2

	
1

	
0

	
7

	  
	
11

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001183

	
7122256725

	
1

	
1

	
0

	
7

	  
	
12

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000627

	
5040351321

	
1

	
1

	
0

	
9

	  
	
13

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001022

	
7121753466

	
1

	
1

	
0

	
9

	  
	
14

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000000918

	
7121085000

	
2

	
1

	
0

	
7

	  
	
15

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000993

	
7121668326

	
1

	
1

	
0

	
7

	  
	
16

	
1000200

	
0.002500

	  	  	
1000200

	
1

	
2000001271

	
7122356434

	
1

	
1

	
0

	
9

	  
	
17

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000000956

	
7120681791

	
2

	
1

	
0

	
7

	  
	
18

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000867

	
7120768283

	
1

	
1

	
0

	
7

	  
	
19

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000990

	
7121723493

	
1

	
1

	
0

	
7

	  
	
20

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000972

	
7121753607

	
1

	
1

	
0

	
3

	  
	
21

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000000027

	
7116767018

	
2

	
1

	
0

	
7

	  
	
22

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001075

	
7121657733

	
1

	
1

	
0

	
9

	  
	
23

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000581

	
7120289157

	
1

	
1

	
0

	
7

	  
	
24

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000874

	
7121251800

	
1

	
1

	
0

	
7

	  
	
25

	
1000200

	
0.002500

	  	  	
1000200

	
1

	
2000001014

	
7121966142

	
1

	
1

	
0

	
7

	  
	
26

	
1000200

	
0.002500

	  	  	
1000200

	
1

	
2000001096

	
7120524207

	
1

	
1

	
0

	
7

	  
	
27

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000000875

	
7119965072

	
2

	
1

	
0

	
7

	  
	
28

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000948

	
5050454775

	
1

	
1

	
0

	
9

	  
	
29

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000912

	
7121571579

	
1

	
1

	
0

	
7

	  
	
30

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000000504

	
7120359166

	
2

	
1

	
0

	
7

	  
	
31

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000000834

	
7120605030

	
2

	
1

	
0

	
7

	  
	
32

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000983

	
7121336809

	
1

	
1

	
0

	
9

	  
	
33

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000000675

	
7120766279

	
2

	
1

	
0

	
7

	  
	
34

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000654

	
5040350877

	
1

	
1

	
0

	
9

	  
	
35

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000001013

	
7121909985

	
2

	
1

	
0

	
7

	  
	
36

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001041

	
7121832930

	
1

	
1

	
0

	
7

	  
	
37

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000000678

	
7120918300

	
2

	
1

	
0

	
7

	  
	
38

	
1000200

	
  0.002500

	  	  	
1000200

	
2

	
  2000000792

	
  7120850032

	
1

	
1

	
0

	
3

	  
	
39

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001190

	
7122331841

	
1

	
1

	
0

	
9

	  
	
40

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001162

	
7121919133

	
1

	
1

	
0

	
7

	  
	
41

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000000806

	
7121082353

	
2

	
1

	
0

	
7

	  
	
42

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001152

	
7122239028

	
1

	
1

	
0

	
7

	  
	
43

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000000473

	
7119654767

	
2

	
1

	
0

	
9

	  
	
44

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000001588

	
7120444828

	
2

	
1

	
0

	
7

	  
	
45

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001108

	
7121575273

	
1

	
1

	
0

	
7

	  
	
46

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001403

	
7121674803

	
1

	
1

	
0

	
9

	  
	
47

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000000991

	
7121722271

	
1

	
1

	
0

	
9

	  
	
48

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001088

	
7122076396

	
1

	
1

	
0

	
9

	  
	
49

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001267

	
7122334985

	
1

	
1

	
0

	
7

	  
	
50

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001299

	
7122405942

	
1

	
1

	
0

	
9

	  
	
51

	
1000200

	
0.003750

	  	  	
1000200

	
1

	
2000001568

	
7122627289

	
2

	
1

	
0

	
7

	  
	
52

	
1000200

	
0.002500

	  	  	
1000200

	
1

	
2000001610

	
7122705481

	
1

	
1

	
0

	
9

	  
	
53

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001611

	
7122780740

	
1

	
1

	
0

	
7

	  
	
54

	
1000200

	
0.002500

	  	  	
1000200

	
1

	
2000001788

	
7122969368

	
1

	
1

	
0

	
7

	  
	
55

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001351

	
5040436072

	
1

	
1

	
0

	
9

	  
	
56

	
1000200

	
0.002500

	  	  	
1000200

	
2

	
2000001439

	
7122619625

	
1

	
1

	
0

	
3

	  

	
KEY

	
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

	
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

	
1

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110729

	
2

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110627

	
3

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110831

	
4

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110722

	
5

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110811

	
6

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20101123

	
7

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110815

	
8

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110923

	
9

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110613

	
10

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110502

	
11

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110915

	
12

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110624

	
13

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110822

	
14

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110714

	
15

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110815

	
16

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110926

	
17

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110629

	
18

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110713

	
19

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110801

	
20

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110920

	
21

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20100730

	
22

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110915

	
23

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110506

	
24

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110623

	
25

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110825

	
26

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110819

	
27

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110718

	
28

	  	  	  	  	
1

	
0

	
0

	  	  	  	
200000.00

	  	
20110822

	
29

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110701

	
30

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110425

	
31

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110601

	
32

	  	  	  	  	
1

	
0

	
0

	  	  	  	
250000.00

	  	
20110826

	
33

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110602

	
34

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110707

	
35

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110802

	
36

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110831

	
37

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110525

	
38

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110812

	
39

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110926

	
40

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110823

	
41

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110527

	
42

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110916

	
43

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110226

	
44

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20111013

	
45

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110818

	
46

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110922

	
47

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110919

	
48

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110902

	
49

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20110923

	
50

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20111011

	
51

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20110928

	
52

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20111024

	
53

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20111027

	
54

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20111026

	
55

	  	  	  	  	
1

	
4

	
0

	  	  	  	
0.00

	  	
20111024

	
56

	  	  	  	  	
1

	
0

	
0

	  	  	  	
0.00

	  	
20111027

	
KEY

	
Original Loan

Amount

	
Original Interest

Rate

	
Original

Amortization Term

	
Original Term to

Maturity

	
First Payment Date

of Loan

	
Interest Type

Indicator

	
Original Interest

Only Term

	
Buy Down Period

	
HELOC Draw Period

	
Current Loan

Amount

	
Current Interest

Rate

	
Current Payment

Amount Due

	
Interest Paid

Through Date

	
1

	
432000.00

	
0.055000

	
360

	
360

	
20110901

	
1

	
0

	
0

	  	
429470.88

	
0.055000

	
2452.85

	
20120101

	
2

	
444600.00

	
0.046250

	
240

	
360

	
20110801

	
1

	
120

	
0

	  	
444600.00

	
0.046250

	
1713.56

	
20120101

	
3

	
493240.00

	
0.048750

	
360

	
360

	
20111001

	
1

	
0

	
0

	  	
490799.25

	
0.048750

	
2610.27

	
20120101

	
4

	
516000.00

	
0.046250

	
360

	
360

	
20110901

	
1

	
0

	
0

	  	
512653.25

	
0.046250

	
2652.96

	
20120101

	
5

	
517000.00

	
0.046250

	
360

	
360

	
20111001

	
1

	
0

	
0

	  	
513995.29

	
0.046250

	
2658.11

	
20120101

	
6

	
574142.21

	
0.051250

	
360

	
360

	
20110201

	
1

	
0

	
0

	  	
564294.12

	
0.051250

	
3126.13

	
20120101

	
7

	
591000.00

	
0.050000

	
360

	
360

	
20111001

	
1

	
0

	
0

	  	
588141.72

	
0.050000

	
3172.62

	
20120101

	
8

	
600000.00

	
0.046250

	
360

	
360

	
20111101

	
1

	
0

	
0

	  	
597674.04

	
0.046250

	
3084.84

	
20120101

	
9

	
604000.00

	
0.040000

	
360

	
360

	
20110801

	
1

	
0

	
0

	  	
598734.74

	
0.040000

	
2883.59

	
20120101

	
10

	
608000.00

	
0.051250

	
360

	
360

	
20110701

	
1

	
0

	
0

	  	
602938.76

	
0.051250

	
3310.49

	
20120101

	
11

	
609000.00

	
0.046250

	
360

	
360

	
20111101

	
1

	
0

	
0

	  	
606639.16

	
0.046250

	
3131.11

	
20120101

	
12

	
624640.00

	
0.053750

	
360

	
360

	
20110801

	
1

	
0

	
0

	  	
619587.65

	
0.053750

	
3497.81

	
20120101

	
13

	
650000.00

	
0.050000

	
360

	
360

	
20111001

	
1

	
0

	
0

	  	
646856.35

	
0.050000

	
3489.35

	
20120101

	
14

	
680000.00

	
0.048750

	
360

	
360

	
20110901

	
1

	
0

	
0

	  	
675785.29

	
0.048750

	
3598.62

	
20120101

	
15

	
700000.00

	
0.052500

	
360

	
360

	
20111001

	
1

	
0

	
0

	  	
696767.15

	
0.052500

	
3865.43

	
20120101

	
16

	
707639.53

	
0.037500

	
180

	
180

	
20111101

	
1

	
0

	
0

	  	
698807.74

	
0.037500

	
5146.12

	
20120101

	
17

	
737726.00

	
0.043750

	
360

	
360

	
20110801

	
1

	
0

	
0

	  	
731708.99

	
0.043750

	
3683.36

	
20120101

	
18

	
742000.00

	
0.048750

	
360

	
360

	
20110901

	
1

	
0

	
0

	  	
737401.01

	
0.048750

	
3926.73

	
20120101

	
19

	
750000.00

	
0.047500

	
360

	
360

	
20111001

	
1

	
0

	
0

	  	
743155.30

	
0.047500

	
3912.36

	
20120101

	
20

	
760000.00

	
0.048750

	
360

	
360

	
20111101

	
1

	
0

	
0

	  	
757185.12

	
0.048750

	
4021.99

	
20120101

	
21

	
784000.00

	
0.047500

	
360

	
360

	
20100901

	
1

	
0

	
0

	  	
765220.98

	
0.047500

	
4089.72

	
20120101

	
22

	
770000.00

	
0.048750

	
360

	
360

	
20111101

	
1

	
0

	
0

	  	
767148.10

	
0.048750

	
4074.91

	
20120101

	
23

	
779730.00

	
0.048750

	
360

	
360

	
20110701

	
1

	
0

	
0

	  	
772936.43

	
0.048750

	
4126.40

	
20120101

	
24

	
787500.00

	
0.052500

	
360

	
360

	
20110801

	
1

	
0

	
0

	  	
782020.58

	
0.052500

	
4348.61

	
20120101

	
25

	
800000.00

	
0.037500

	
180

	
180

	
20111001

	
1

	
0

	
0

	  	
786666.54

	
0.037500

	
5817.78

	
20120101

	
26

	
825000.00

	
0.043750

	
180

	
180

	
20111001

	
1

	
0

	
0

	  	
811925.49

	
0.043750

	
6258.62

	
20120101

	
27

	
830000.00

	
0.036250

	
360

	
360

	
20110901

	
1

	
0

	
0

	  	
823571.59

	
0.036250

	
3785.23

	
20120101

	
28

	
850000.00

	
0.050000

	
360

	
360

	
20111001

	
1

	
0

	
0

	  	
845889.11

	
0.050000

	
4562.99

	
20120101

	
29

	
855000.00

	
0.048750

	
360

	
360

	
20110801

	
1

	
0

	
0

	  	
848627.78

	
0.048750

	
4524.74

	
20120101

	
30

	
864000.00

	
0.043750

	
240

	
360

	
20110601

	
1

	
120

	
0

	  	
864000.00

	
0.043750

	
3150.00

	
20120101

	
31

	
     875000.00

	
    0.040000

	
240

	
360

	
  20110801

	
1

	
120

	
0

	  	
   875000.00

	
  0.040000

	
  2916.67

	
  20120101

	
32

	
900174.00

	
0.050000

	
360

	
360

	
20111001

	
1

	
0

	
0

	  	
895820.47

	
0.050000

	
4832.33

	
20120101

	
33

	
900000.00

	
0.048750

	
240

	
360

	
20110801

	
1

	
120

	
0

	  	
900000.00

	
0.048750

	
3656.25

	
20120101

	
34

	
920000.00

	
0.055000

	
360

	
360

	
20110901

	
1

	
0

	
0

	  	
914918.67

	
0.055000

	
5223.66

	
20120101

	
35

	
980000.00

	
0.042500

	
240

	
360

	
20111001

	
1

	
120

	
0

	  	
980000.00

	
0.042500

	
3470.83

	
20120101

	
36

	
1000000.00

	
0.048750

	
360

	
360

	
20111001

	
1

	
0

	
0

	  	
995051.58

	
0.048750

	
5292.09

	
20120101

	
37

	
1005000.00

	
0.050000

	
240

	
360

	
20110701

	
1

	
120

	
0

	  	
1004921.42

	
0.050000

	
4187.17

	
20120101

	
38

	
1036355.70

	
0.052500

	
360

	
360

	
20111001

	
1

	
0

	
0

	  	
1031569.44

	
0.052500

	
5722.80

	
20120101

	
39

	
1037100.00

	
0.046250

	
360

	
360

	
20111101

	
1

	
0

	
0

	  	
1030073.78

	
0.046250

	
5332.15

	
20120101

	
40

	
1050000.00

	
0.048750

	
360

	
360

	
20111001

	
1

	
0

	
0

	  	
1044804.19

	
0.048750

	
5556.69

	
20120101

	
41

	
1100000.00

	
0.037500

	
240

	
360

	
20110701

	
1

	
120

	
0

	  	
1098600.00

	
0.037500

	
3433.13

	
20120101

	
42

	
1240000.00

	
0.046250

	
360

	
360

	
20111101

	
1

	
0

	
0

	  	
1235193.03

	
0.046250

	
6375.33

	
20120101

	
43

	
2000000.00

	
0.053750

	
240

	
360

	
20110401

	
1

	
120

	
0

	  	
2000000.00

	
0.053750

	
8958.33

	
20120101

	
44

	
938000.00

	
0.042500

	
360

	
360

	
20111201

	
1

	
120

	
0

	  	
938000.00

	
0.042500

	
3322.08

	
20120101

	
45

	
1032000.00

	
0.048750

	
360

	
360

	
20111001

	
1

	
0

	
0

	  	
1026893.26

	
0.048750

	
5461.43

	
20120101

	
46

	
1494000.00

	
0.047500

	
360

	
360

	
20111101

	
1

	
0

	
0

	  	
1488338.64

	
0.047500

	
7793.42

	
20120101

	
47

	
900000.00

	
0.051250

	
360

	
360

	
20111101

	
1

	
0

	
0

	  	
896816.53

	
0.051250

	
4900.39

	
20120101

	
48

	
464923.00

	
0.051250

	
360

	
360

	
20111101

	
1

	
0

	
0

	  	
463278.48

	
0.051250

	
2531.45

	
20120101

	
49

	
800000.00

	
0.048750

	
360

	
360

	
20111101

	
1

	
0

	
0

	  	
797036.98

	
0.048750

	
4233.67

	
20120101

	
50

	
802334.00

	
0.047500

	
360

	
360

	
20111201

	
1

	
0

	
0

	  	
800311.10

	
0.047500

	
4185.36

	
20120101

	
51

	
1295000.00

	
0.041250

	
360

	
360

	
20111101

	
1

	
120

	
0

	  	
1295000.00

	
0.041250

	
4451.56

	
20120101

	
52

	
711318.20

	
0.043750

	
180

	
180

	
20111201

	
1

	
0

	
0

	  	
705702.26

	
0.043750

	
5396.21

	
20120101

	
53

	
1087500.00

	
0.045000

	
360

	
360

	
20111201

	
1

	
0

	
0

	  	
1084630.46

	
0.045000

	
5510.21

	
20120101

	
54

	
925000.00

	
0.036250

	
180

	
180

	
20111201

	
1

	
0

	
0

	  	
917237.63

	
0.036250

	
6669.60

	
20120101

	
55

	
775980.00

	
0.048750

	
360

	
360

	
20111201

	
1

	
0

	
0

	  	
772434.47

	
0.048750

	
4106.55

	
20120101

	
56

	
897437.92

	
0.046250

	
360

	
360

	
20111201

	
1

	
0

	
0

	  	
895123.04

	
0.046250

	
4614.09

	
20120101

	
KEY

	
Current Payment

Status

	
Index Type

	
ARM Look-back

Days

	
Gross Margin

	
ARM Round Flag

	
ARM Round Factor

	
Initial Fixed Rate

Period

	
Initial Interest Rate

Cap (Change Up)

	
Initial Interest Rate

Cap (Change Down)

	
Subsequent Interest

Rate Reset Period

	
Subsequent Interest

Rate Cap (Change Down)

	
Subsequent Interest

Rate Cap (Change

Up)

	
Lifetime Maximum

Rate (Ceiling)

	
1

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
2

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
60

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.096250

	
3

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
4

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
5

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
6

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
120

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.101250

	
7

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
8

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
9

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
60

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.090000

	
10

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
120

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.101250

	
11

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
12

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
13

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
14

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
120

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.098750

	
15

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
16

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
17

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
120

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.093750

	
18

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
19

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
20

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
21

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
120

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.097500

	
22

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
23

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
24

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
25

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
26

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
27

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
60

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.086250

	
28

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
29

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
30

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
60

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.093750

	
31

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
60

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.090000

	
32

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
33

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
120

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.098750

	
34

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
35

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
120

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.092500

	
36

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
37

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
120

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.100000

	
38

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
39

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
40

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
41

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
60

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.087500

	
42

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
43

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
120

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.103750

	
44

	
0

	
39

	
45

	
   0.022500

	
3

	
   0.001250

	
60

	
   0.050000

	
   0.050000

	
12

	
   0.020000

	
   0.020000

	
   0.092500

	
45

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
46

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
47

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
48

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
49

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
50

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
51

	
0

	
39

	
45

	
0.022500

	
3

	
0.001250

	
120

	
0.050000

	
0.050000

	
12

	
0.020000

	
0.020000

	
0.091250

	
52

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
53

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
54

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
55

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  
	
56

	
0

	
0

	  	  	  	  	  	  	  	  	  	  	  

 

	
KEY

	
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

	
Subsequent

Minimum Payment

Reset Period

	
Option ARM

Indicator

	
Options at Recast

	
Initial Minimum

Payment

	
1

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
2

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
3

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
4

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
5

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
6

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
7

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
8

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
9

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
10

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
11

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
12

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
13

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
14

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
15

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
16

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
17

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
18

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
19

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
20

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
21

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
22

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
23

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
24

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
25

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
26

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
27

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
28

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
29

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
30

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
31

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
32

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
33

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
34

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
35

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
36

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
37

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
38

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
39

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
40

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
41

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
42

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
43

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
44

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
45

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
46

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
47

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
48

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
49

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
50

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
51

	
0.022500

	  	  	  	  	  	  	  	  	  	
0

	  	  
	
52

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
53

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
54

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
55

	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
56

	  	  	  	  	  	  	  	  	  	  	
0

	  	  

	
KEY

	
Current Minimum

Payment

	
Prepayment Penalty

Calculation

	
Prepayment Penalty

Type

	
Prepayment Penalty

Total Term

	
Prepayment Penalty

Hard Term

	
Primary Borrower ID

	
Number of

Mortgaged

Properties

	
Total Number of

Borrowers

	
Self-employment

Flag

	
Current ‘Other’

Monthly Payment

	
Length of

Employment:

Borrower

	
Length of

Employment: Co-

Borrower

	
Years in Home

	
1

	  	  	  	
0

	  	
301

	
1

	  	
0

	  	
0.2

	  	
0

	
2

	  	  	  	
0

	  	
286

	
1

	  	
0

	  	
1.07

	  	
7

	
3

	  	  	  	
0

	  	
274

	
1

	  	
0

	  	
26.5

	  	
0

	
4

	  	  	  	
0

	  	
120

	
1

	  	
0

	  	
0.55

	  	
0

	
5

	  	  	  	
0

	  	
128

	
1

	  	
0

	  	
0.94

	  	
0

	
6

	  	  	  	
0

	  	
91

	
1

	  	
0

	  	
2.3

	  	
9

	
7

	  	  	  	
0

	  	
80

	
1

	  	
0

	  	
29.95

	  	
0

	
8

	  	  	  	
0

	  	
217

	
2

	  	
1

	  	
13

	  	
0

	
9

	  	  	  	
0

	  	
47

	
2

	  	
0

	  	
0.4

	  	
0

	
10

	  	  	  	
0

	  	
296

	
2

	  	
0

	  	
11.7

	  	
0

	
11

	  	  	  	
0

	  	
14

	
2

	  	
0

	  	
7.7

	  	
0

	
12

	  	  	  	
0

	  	
313

	
2

	  	
1

	  	
23

	  	
4

	
13

	  	  	  	
0

	  	
191

	
1

	  	
0

	  	
5.18

	  	
0.25

	
14

	  	  	  	
0

	  	
395

	
3

	  	
1

	  	
0.3

	  	
0

	
15

	  	  	  	
0

	  	
441

	
1

	  	
0

	  	
0.08

	  	
0

	
16

	  	  	  	
0

	  	
300

	
1

	  	
0

	  	
13.91

	  	
17.17

	
17

	  	  	  	
0

	  	
393

	
1

	  	
0

	  	
31.93

	  	
0

	
18

	  	  	  	
0

	  	
71

	
1

	  	
0

	  	
0.3

	  	
0

	
19

	  	  	  	
0

	  	
61

	
1

	  	
0

	  	
11.62

	  	
0

	
20

	  	  	  	
0

	  	
98

	
1

	  	
0

	  	
14.5

	  	
9

	
21

	  	  	  	
0

	  	
418

	
2

	  	
0

	  	
16.1

	  	
0

	
22

	  	  	  	
0

	  	
227

	
1

	  	
0

	  	
2

	  	
9.75

	
23

	  	  	  	
0

	  	
291

	
1

	  	
0

	  	
3.35

	  	
0

	
24

	  	  	  	
0

	  	
216

	
4

	  	
1

	  	
41

	  	
0

	
25

	  	  	  	
0

	  	
48

	
2

	  	
0

	  	
32

	  	
0

	
26

	  	  	  	
0

	  	
214

	
4

	  	
1

	  	
12

	  	
0

	
27

	  	  	  	
0

	  	
55

	
1

	  	
0

	  	
0.6

	  	
0

	
28

	  	  	  	
0

	  	
315

	
1

	  	
0

	  	
6.61

	  	
6.47

	
29

	  	  	  	
0

	  	
97

	
1

	  	
1

	  	
0.29

	  	
0

	
30

	  	  	  	
0

	  	
148

	
2

	  	
0

	  	
4.5

	  	
0

	
31

	  	  	  	
0

	  	
308

	
2

	  	
0

	  	
5

	  	
0

	
32

	  	  	  	
0

	  	
168

	
2

	  	
0

	  	
3

	
2

	
22

	
33

	  	  	  	
0

	  	
27

	
3

	  	
0

	  	
13.57

	  	
0

	
34

	  	  	  	
0

	  	
340

	
2

	  	
1

	  	
14

	  	
36

	
35

	  	  	  	
0

	  	
414

	
1

	  	
0

	  	
2.1

	  	
0

	
36

	  	  	  	
0

	  	
110

	
2

	  	
0

	  	
9.35

	  	
0

	
37

	  	  	  	
0

	  	
329

	
2

	  	
0

	  	
14.1

	  	
0

	
38

	  	  	  	
0

	  	
387

	
1

	  	
0

	  	
0

	  	
12.25

	
39

	  	  	  	
0

	  	
326

	
4

	  	
1

	  	
3

	  	
3

	
40

	  	  	  	
0

	  	
40

	
1

	  	
0

	  	
0.73

	
9

	
0

	
41

	  	  	  	
0

	  	
196

	
3

	  	
0

	  	
0.8

	  	
0

	
42

	  	  	  	
0

	  	
188

	
2

	  	
0

	  	
12.2

	
12

	
0

	
43

	  	  	  	
0

	  	
44

	
1

	  	
0

	  	
38

	  	
8

	
44

	  	  	  	
0

	  	
221

	
1

	  	
0

	  	
15.33

	  	
0

	
45

	  	  	  	
0

	  	
152

	
2

	  	
0

	  	
14.02

	  	
0

	
46

	  	  	  	
0

	  	
416

	
1

	  	
0

	  	
12.42

	
11

	
0.92

	
47

	  	  	  	
0

	  	
412

	
2

	  	
1

	  	
32

	  	
11.5

	
48

	  	  	  	
0

	  	
113

	
1

	  	
0

	  	
1.25

	  	
6.5

	
49

	  	  	  	
0

	  	
117

	
1

	  	
0

	  	
9

	  	
0

	
50

	  	  	  	
0

	  	
39

	
1

	  	
0

	  	
16.5

	  	
38

	
51

	  	  	  	
0

	  	
79

	
1

	  	
1

	  	
4

	  	
0

	
52

	  	  	  	
0

	  	
34

	
2

	  	
0

	  	
7

	  	
2.5

	
53

	  	  	  	
0

	  	
237

	
2

	  	
0

	  	
0.95

	  	
0

	
54

	  	  	  	
0

	  	
278

	
1

	  	
0

	  	
1.65

	
6

	
0

	
55

	  	  	  	
0

	  	
189

	
1

	  	
1

	  	
13

	  	
6

	
56

	  	  	  	
0

	  	
75

	
1

	  	
1

	  	
31.04

	  	
30.08

	
KEY

	
FICO Model Used

	
Most Recent FICO

Date

	
Primary Wage

Earner Original

FICO: Equifax

	
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

	
1

	
20111205

	  	  	  	  	  	  	
714

	
714

	  	
3

	  
	
2

	
1

	
20111205

	  	  	  	  	  	  	
798

	
796

	  	
3

	  
	
3

	
1

	  	  	  	  	  	  	  	
809

	  	  	  	  
	
4

	
1

	
20111205

	  	  	  	  	  	  	
732

	
772

	  	
3

	  
	
5

	
1

	  	  	  	  	  	  	  	
785

	  	  	  	  
	
6

	
1

	
20111025

	  	  	  	  	  	  	
802

	
697

	  	
3

	  
	
7

	
1

	  	  	  	  	  	  	  	
785

	  	  	  	  
	
8

	
1

	  	  	  	  	  	  	  	
713

	  	  	  	  
	
9

	
1

	
20111205

	  	  	  	  	  	  	
762

	
775

	  	
3

	  
	
10

	
1

	
20111025

	  	  	  	  	  	  	
781

	
679

	  	
3

	  
	
11

	
1

	  	  	  	  	  	  	  	
804

	  	  	  	  
	
12

	
1

	
20111205

	  	  	  	  	  	  	
790

	
786

	  	
3

	  
	
13

	
1

	  	  	  	  	  	  	  	
737

	  	  	  	  
	
14

	
1

	
20111205

	  	  	  	  	  	  	
809

	
786

	  	
3

	  
	
15

	
1

	  	  	  	  	  	  	  	
777

	  	  	  	  
	
16

	
1

	  	  	  	  	  	  	  	
778

	  	  	  	  
	
17

	
1

	
    20111205

	  	  	  	  	  	  	
778

	
758

	  	
3

	  
	
18

	
1

	
20111205

	  	  	  	  	  	  	
780

	
710

	  	
3

	  
	
19

	
1

	  	  	  	  	  	  	  	
745

	  	  	  	  
	
20

	
1

	  	  	  	  	  	  	  	
728

	  	  	  	  
	
21

	
1

	
20111025

	  	  	  	  	  	  	
772

	
775

	  	
3

	  
	
22

	
1

	  	  	  	  	  	  	  	
791

	  	  	  	  
	
23

	
1

	
20111025

	  	  	  	  	  	  	
764

	
756

	  	
3

	  
	
24

	
1

	
20111205

	  	  	  	  	  	  	
776

	
753

	  	
3

	  
	
25

	
1

	  	  	  	  	  	  	  	
762

	  	  	  	  
	
26

	
1

	  	  	  	  	  	  	  	
803

	  	  	  	  
	
27

	
1

	
20111205

	  	  	  	  	  	  	
744

	
751

	  	
3

	  
	
28

	
1

	  	  	  	  	  	  	  	
780

	  	  	  	  
	
29

	
1

	
20111205

	  	  	  	  	  	  	
759

	
704

	  	
3

	  
	
30

	
1

	
20111025

	  	  	  	  	  	  	
751

	
775

	  	
3

	  
	
31

	
1

	
20111205

	  	  	  	  	  	  	
754

	
666

	  	
3

	  
	
32

	
1

	  	  	  	  	  	  	  	
751

	  	  	  	  
	
33

	
1

	
20111205

	  	  	  	  	  	  	
799

	
811

	  	
3

	  
	
34

	
1

	
20111205

	  	  	  	  	  	  	
740

	
754

	  	
3

	  
	
35

	
1

	  	  	  	  	  	  	  	
790

	  	  	  	  
	
36

	
1

	  	  	  	  	  	  	  	
732

	  	  	  	  
	
37

	
1

	
20111205

	  	  	  	  	  	  	
752

	
681

	  	
3

	  
	
38

	
1

	  	  	  	  	  	  	  	
729

	  	  	  	  
	
39

	
1

	  	  	  	  	  	  	  	
795

	  	  	  	  
	
40

	
1

	  	  	  	  	  	  	  	
790

	  	  	  	  
	
41

	
1

	
20111205

	  	  	  	  	  	  	
771

	
761

	  	
3

	  
	
42

	
1

	  	  	  	  	  	  	  	
792

	  	  	  	  
	
43

	
1

	
20111025

	  	  	  	  	  	  	
798

	
797

	  	
3

	  
	
44

	
1

	  	  	  	  	  	  	  	
781

	  	  	  	  
	
45

	
1

	  	  	  	  	  	  	  	
767

	  	  	  	  
	
46

	
1

	  	  	  	  	  	  	  	
791

	  	  	  	  
	
47

	
1

	  	  	  	  	  	  	  	
791

	  	  	  	  
	
48

	
1

	  	  	  	  	  	  	  	
766

	  	  	  	  
	
49

	
1

	  	  	  	  	  	  	  	
787

	  	  	  	  
	
50

	
1

	  	  	  	  	  	  	  	
776

	  	  	  	  
	
51

	
1

	  	  	  	  	  	  	  	
763

	  	  	  	  
	
52

	
1

	  	  	  	  	  	  	  	
750

	  	  	  	  
	
53

	
1

	  	  	  	  	  	  	  	
708

	  	  	  	  
	
54

	
1

	  	  	  	  	  	  	  	
782

	  	  	  	  
	
55

	
1

	  	  	  	  	  	  	  	
753

	  	  	  	  
	
56

	
1

	  	  	  	  	  	  	  	
788

	  	  	  	  

	
KEY

	
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

	
Primary Borrower

Wage Income

	
Co-Borrower Wage

Income

	
Primary Borrower

Other Income

	
1

	  	  	  	  	  	  	  	
000000000000

	  	  	
16250

	  	
0

	
2

	  	  	  	  	  	  	  	
000000000000

	  	  	
10416.66

	  	
0

	
3

	  	  	  	  	  	  	  	
000000000000

	  	  	
10000.5

	  	
8326.31

	
4

	  	  	  	  	  	  	  	
000000000000

	  	  	
12500

	  	
0

	
5

	  	  	  	  	  	  	  	
000000000000

	  	  	
19837.52

	  	
0

	
6

	  	  	  	  	  	  	  	
000000000000

	  	  	
15000.27

	  	
0

	
7

	  	  	  	  	  	  	  	
000000000000

	  	  	
18583.5

	
0

	
-125

	
8

	  	  	  	  	  	  	  	
000000000000

	  	  	
22876.92

	  	
0

	
9

	  	  	  	  	  	  	  	
000000000000

	  	  	
22500

	  	
0

	
10

	  	  	  	  	  	  	  	
000000000000

	  	  	
32110

	  	
0

	
11

	  	  	  	  	  	  	  	
000000000000

	  	  	
27083.34

	  	
0

	
12

	  	  	  	  	  	  	  	
000000000000

	  	  	
20585.46

	  	
3243.9

	
13

	  	  	  	  	  	  	  	
000000000000

	  	  	
16310.67

	  	
4876

	
14

	  	  	  	  	  	  	  	
000000000000

	  	  	
28750.33

	  	
-2332

	
15

	  	  	  	  	  	  	  	
000000000000

	  	  	
27083.33

	  	
-1337.42

	
16

	  	  	  	  	  	  	  	
000000000000

	  	  	
30562.57

	  	
431.88

	
17

	  	  	  	  	  	  	  	
000000000000

	  	  	
21016.67

	  	
0

	
18

	  	  	  	  	  	  	  	
000000000000

	  	  	
19583.33

	  	
0

	
19

	  	  	  	  	  	  	  	
000000000000

	  	  	
28775

	  	
0

	
20

	  	  	  	  	  	  	  	
000000000000

	  	  	
18750

	  	
0

	
21

	  	  	  	  	  	  	  	
000000000000

	  	  	
19013

	  	
5833

	
22

	  	  	  	  	  	  	  	
000000000000

	  	  	
14166.67

	  	
0

	
23

	  	  	  	  	  	  	  	
000000000000

	  	  	
21186.5

	  	
9144.76

	
24

	  	  	  	  	  	  	  	
000000000000

	  	  	
105721

	  	
-1221

	
25

	  	  	  	  	  	  	  	
000000000000

	  	  	
66666.67

	  	
0

	
26

	  	  	  	  	  	  	  	
000000000000

	  	  	
0

	  	
52392

	
27

	  	  	  	  	  	  	  	
000000000000

	  	  	
19166.68

	  	
0

	
28

	  	  	  	  	  	  	  	
000000000000

	  	  	
20219.58

	  	
0

	
29

	  	  	  	  	  	  	  	
000000000000

	  	  	
14462.75

	  	
0

	
30

	  	  	  	  	  	  	  	
000000000000

	  	  	
31250

	  	
0

	
31

	  	  	  	  	  	  	  	
000000000000

	  	  	
13033.33

	  	
1860.93

	
32

	  	  	  	  	  	  	  	
000000000000

	  	  	
2013.88

	
7847

	
4444.2

	
33

	  	  	  	  	  	  	  	
000000000000

	  	  	
44961

	  	
0

	
34

	  	  	  	  	  	  	  	
000000000000

	  	  	
5856

	
8875

	
8604

	
35

	  	  	  	  	  	  	  	
000000000000

	  	  	
18500

	  	
1786.08

	
36

	  	  	  	  	  	  	  	
000000000000

	  	  	
28099

	  	
10019

	
37

	  	  	  	  	  	  	  	
000000000000

	  	  	
40916.67

	  	
0

	
38

	  	  	  	  	  	  	  	
000000000000

	  	  	
0

	
0

	
53762.93

	
39

	  	  	  	  	  	  	  	
000000000000

	  	  	
46780.25

	  	
3329.29

	
40

	  	  	  	  	  	  	  	
000000000000

	  	  	
25000

	
14499

	
0

	
41

	  	  	  	  	  	  	  	
000000000000

	  	  	
20300

	  	
0

	
42

	  	  	  	  	  	  	  	
000000000000

	  	  	  	
25000

	
0

	
43

	  	  	  	  	  	  	  	
000000000000

	  	  	
40270.75

	  	
13683.75

	
44

	  	  	  	  	  	  	  	
000000000000

	  	  	
21250

	  	
7103.73

	
45

	  	  	  	  	  	  	  	
000000000000

	  	  	
37500

	  	
0

	
46

	  	  	  	  	  	  	  	
000000000000

	  	  	
3166.68

	
5897

	
12709.29

	
47

	  	  	  	  	  	  	  	
000000000000

	  	  	
21235

	  	
7285

	
48

	  	  	  	  	  	  	  	
000000000000

	  	  	
25000

	  	
0

	
49

	  	  	  	  	  	  	  	
000000000000

	  	  	
17260.94

	  	
0

	
50

	  	  	  	  	  	  	  	
000000000000

	  	  	
28977.41

	  	
0

	
51

	  	  	  	  	  	  	  	
000000000000

	  	  	
91568

	  	
0

	
52

	  	  	  	  	  	  	  	
000000000000

	  	  	
6250.01

	  	
33537.83

	
53

	  	  	  	  	  	  	  	
000000000000

	  	  	
36249.98

	  	
0

	
54

	  	  	  	  	  	  	  	
000000000000

	  	  	
11250

	
10244

	
0

	
55

	  	  	  	  	  	  	  	
000000000000

	  	  	
22472

	  	
0

	
56

	  	  	  	  	  	  	  	
000000000000

	  	  	
55310.17

	  	
0

	
KEY

	
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

	
Co-Borrower

Employment

Verification

	
Borrower Asset

Verification

	
Co-Borrower Asset

Verification

	
Liquid / Cash

Reserves

	
Monthly Debt All

Borrowers

	
Originator DTI

	
1

	  	
16250

	
16250

	
1

	
5

	  	
3

	  	
4

	  	
80008.04

	
519.81

	
0.1829330

	
2

	  	
10416.66

	
10416.66

	
0

	
5

	  	
3

	  	
4

	  	
317624.41

	
934.09

	
0.2541750

	
3

	  	
10000.5

	
18326.81

	
0

	
5

	  	
3

	  	
4

	  	
66563.46

	
1393.20

	
0.2184490

	
4

	  	
12500

	
12500

	
0

	
5

	  	
3

	  	
4

	  	
23097.16

	
2527.39

	
0.4144280

	
5

	  	
19837.52

	
19837.52

	
0

	
5

	  	
3

	  	
4

	  	
174110.72

	
1519.58

	
0.2105950

	
6

	  	
15000.27

	
15000.27

	
0

	
5

	  	
3

	  	
4

	  	
114924.48

	
1298.84

	
0.2949930

	
7

	
2467

	
18583.5

	
20925.24

	
1

	
5

	  	
3

	  	
4

	  	
51562.23

	
1284.90

	
0.2130210

	
8

	  	
22876.92

	
22876.92

	
0

	
4

	  	
3

	  	
4

	  	
103703.55

	
5546.10

	
0.3772770

	
9

	  	
22500

	
22500

	
0

	
5

	  	
3

	  	
4

	  	
204115.86

	
3759.76

	
0.2952600

	
10

	  	
32110

	
32110

	
0

	
5

	  	
3

	  	
4

	  	
707898.31

	
7463.61

	
0.3355370

	
11

	  	
27083.34

	
27083.34

	
0

	
5

	  	
3

	  	
4

	  	
103711.13

	
3155.04

	
0.2321040

	
12

	  	
20585.46

	
23829.36

	
1

	
5

	  	
3

	  	
4

	  	
34537.93

	
1140.39

	
0.1946420

	
13

	  	
16310.67

	
21186.67

	
1

	
5

	  	
3

	  	
4

	  	
215550.72

	
4423.69

	
0.3734910

	
14

	  	
28750.33

	
26418.33

	
0

	
4

	  	
3

	  	
4

	  	
454898.32

	
10909.59

	
0.5491720

	
15

	  	
27083.33

	
25745.91

	
1

	
5

	  	
3

	  	
4

	  	
463206.61

	
3027.96

	
0.2677470

	
16

	  	
30562.57

	
30994.45

	
0

	
5

	  	
3

	  	
4

	  	
471565.29

	
1054.08

	
0.2000420

	
17

	  	
21016.67

	
21016.67

	
0

	
5

	  	
3

	  	
4

	  	
18464.22

	
3589.92

	
0.3460720

	
18

	  	
19583.33

	
19583.33

	
1

	
5

	  	
3

	  	
4

	  	
328991.82

	
1837.17

	
0.2943270

	
19

	  	
28775

	
28775

	
0

	
5

	  	
3

	  	
4

	  	
364416.06

	
3195.18

	
0.2470040

	
20

	  	
18750

	
18750

	
0

	
5

	  	
3

	  	
4

	  	
105082.54

	
3922.88

	
0.4237260

	
21

	  	
19013

	
24846

	
0

	
5

	  	
3

	  	
4

	  	
327745.78

	
5819.96

	
0.3988440

	
22

	  	
    14166.67

	
    14166.67

	
0

	
5

	  	
3

	  	
4

	  	
    127630.03

	
      1632.89

	
   0.4029030

	
23

	  	
21186.5

	
30331.26

	
1

	
5

	  	
3

	  	
4

	  	
245523.97

	
2092.57

	
0.2050350

	
24

	  	
105721

	
104500

	
0

	
5

	  	
3

	  	
4

	  	
531781.27

	
14876.06

	
0.1839680

	
25

	  	
66666.67

	
66666.67

	
0

	
5

	  	
3

	  	
4

	  	
873105.41

	
9209.49

	
0.2254090

	
26

	  	
0

	
52392

	
0

	
4

	  	
3

	  	
4

	  	
722776.49

	
6964.39

	
0.2523860

	
27

	  	
19166.68

	
19166.68

	
0

	
5

	  	
3

	  	
4

	  	
454252.61

	
2881.61

	
0.3478350

	
28

	  	
20219.58

	
20219.58

	
1

	
5

	  	
3

	  	
4

	  	
262008.54

	
2018.31

	
0.3254910

	
29

	  	
14462.75

	
14462.75

	
0

	
4

	  	
3

	  	
4

	  	
190750.47

	
1237.22

	
0.3983990

	
30

	  	
31250

	
31250

	
0

	
5

	  	
3

	  	
4

	  	
158926.67

	
5218.34

	
0.2677870

	
31

	  	
13033.33

	
14894.26

	
0

	
5

	  	
3

	  	
4

	  	
55453.38

	
1444.91

	
0.2928360

	
32

	
4378

	
9860.54

	
18682.78

	
0

	
5

	  	
3

	  	
4

	  	
441056.91

	
2565.06

	
0.3959470

	
33

	  	
44961

	
44961

	
0

	
5

	  	
3

	  	
4

	  	
802441.5

	
9575.50

	
0.2942940

	
34

	
985

	
14731

	
24320

	
0

	
4

	  	
3

	  	
4

	  	
670083.09

	
4199.66

	
0.3874720

	
35

	  	
18500

	
20286.08

	
0

	
5

	  	
3

	  	
4

	  	
726943.57

	
2264.07

	
0.2827010

	
36

	  	
28099

	
38118

	
0

	
5

	  	
3

	  	
4

	  	
687196.52

	
9834.86

	
0.3968450

	
37

	  	
40916.67

	
40916.67

	
0

	
5

	  	
3

	  	
4

	  	
278240.04

	
10052.36

	
0.3480210

	
38

	
2078.58

	
0

	
55841.51

	
1

	
5

	  	
2

	  	
4

	  	
105456.36

	
4527.92

	
0.1835680

	
39

	  	
46780.25

	
50109.54

	
0

	
4

	  	
3

	  	
4

	  	
660168.34

	
1825.86

	
0.1428470

	
40

	
0

	
39498.97

	
39498.97

	
0

	
5

	  	
3

	  	
4

	  	
279462.73

	
2231.20

	
0.1971670

	
41

	  	
20300

	
20300

	
1

	
5

	  	
3

	  	
4

	  	
864653.49

	
4832.72

	
0.4074000

	
42

	
3870

	
25000

	
28869.64

	
0

	
5

	  	
3

	  	
4

	  	
250692.49

	
5803.30

	
0.4218490

	
43

	  	
40270.75

	
53954.5

	
0

	
5

	  	
3

	  	
4

	  	
477122.4

	
9754.55

	
0.3468270

	
44

	  	
21250

	
28353.73

	
0

	
5

	  	
3

	  	
4

	  	
341692.35

	
4318.46

	
0.2694720

	
45

	  	
37500

	
37500

	
0

	
5

	  	
3

	  	
4

	  	
309057

	
5747.51

	
0.2989050

	
46

	
0

	
9064.1

	
21773.39

	
1

	
5

	  	
3

	  	
4

	  	
275318.31

	
2460.51

	
0.4709380

	
47

	  	
21235

	
28520

	
0

	
4

	  	
3

	  	
4

	  	
205294.2

	
3604.11

	
0.2981940

	
48

	  	
25000

	
25000

	
0

	
5

	  	
3

	  	
4

	  	
1237894.8

	
1575.95

	
0.1642960

	
49

	  	
17260.94

	
17260.94

	
1

	
5

	  	
3

	  	
4

	  	
283351.4

	
1509.11

	
0.3327040

	
50

	  	
28977.41

	
28977.41

	
0

	
5

	  	
3

	  	
4

	  	
34982.05

	
3766.78

	
0.2744250

	
51

	  	
91568

	
91568

	
1

	
5

	  	
3

	  	
3

	  	
341152.61

	
5275.53

	
0.1062280

	
52

	  	
6250.01

	
39787.84

	
0

	
5

	  	
3

	  	
4

	  	
119486.27

	
2725.45

	
0.2041240

	
53

	  	
36249.98

	
36249.98

	
0

	
5

	  	
3

	  	
4

	  	
417970.23

	
5506.68

	
0.3039140

	
54

	
0

	
21494.42

	
21494.42

	
0

	
5

	  	
3

	  	
4

	  	
273359.01

	
2234.90

	
0.4142700

	
55

	  	
22472

	
22472

	
0

	
4

	  	
3

	  	
4

	  	
86375.34

	
1949.47

	
0.2694920

	
56

	  	
55310.17

	
55310.17

	
0

	
4

	  	
3

	  	
4

	  	
231365.02

	
4663.47

	
0.1677370

	
KEY

	
Fully Indexed Rate

	
Qualification

Method

	
Percentage of Down

Payment from

Borrower Own

Funds

	
City

	
State

	
Postal Code

	
Property Type

	
Occupancy

	
Sales Price

	
Original Appraised

Property Value

	
Original Property

Valuation Type

	
Original Property

Valuation Date

	
1

	  	  	
100

	
DENVER

	
CO

	
80206

	
1

	
1

	
540000.00

	
548000.00

	
3

	
20110718

	
2

	  	  	
0

	
LITTLETON

	
CO

	
80124

	
7

	
1

	  	
596000.00

	
3

	
20110505

	
3

	  	  	
100

	
ALLEN

	
TX

	
75013

	
7

	
1

	
616550.00

	
625000.00

	
3

	
20110811

	
4

	  	  	
100

	
WEST CHESTER

	
PA

	
19382

	
7

	
1

	
645000.00

	
650000.00

	
3

	
20110629

	
5

	  	  	
100

	
BARRINGTON

	
IL

	
60010

	
1

	
1

	
975000.00

	
925000.00

	
3

	
20110706

	
6

	  	  	
0

	
CORRALES

	
NM

	
87048

	
1

	
1

	  	
900000.00

	
3

	
20100930

	
7

	  	  	
100

	
MOORESVILLE

	
NC

	
28117

	
7

	
1

	
985000.00

	
1050000.00

	
3

	
20110708

	
8

	  	  	
100

	
NEW ALBANY

	
OH

	
43054

	
7

	
1

	
750000.00

	
750000.00

	
3

	
20110909

	
9

	  	  	
100

	
TOPSFIELD

	
MA

	
01983

	
1

	
1

	
755000.00

	
755000.00

	
3

	
20110503

	
10

	  	  	
100

	
LONE TREE

	
CO

	
80124

	
7

	
1

	
760000.00

	
765000.00

	
3

	
20110414

	
11

	  	  	
100

	
INVERNESS

	
IL

	
60010

	
7

	
1

	
870000.00

	
870000.00

	
3

	
20110817

	
12

	  	  	
0

	
YAKIMA

	
WA

	
98908

	
7

	
1

	  	
800000.00

	
3

	
20110502

	
13

	  	  	
0

	
CENTENNIAL

	
CO

	
80016

	
1

	
1

	  	
   1035000.00

	
3

	
20110802

	
14

	  	  	
100

	
PALMETTO BAY

	
FL

	
33157

	
1

	
1

	
925000.00

	
925000.00

	
3

	
20110513

	
15

	  	  	
100

	
PEPPER PIKE

	
OH

	
44124

	
7

	
1

	
875000.00

	
934000.00

	
3

	
20110714

	
16

	  	  	
0

	
DENVER

	
CO

	
80206

	
1

	
1

	  	
1575000.00

	
3

	
20110829

	
17

	  	  	
100

	
FRISCO

	
TX

	
75034

	
7

	
1

	
922158.00

	
925000.00

	
3

	
20110624

	
18

	  	  	
100

	
AVON

	
CT

	
06001

	
1

	
1

	
1042000.00

	
1047000.00

	
3

	
20110518

	
19

	  	  	
100

	
SAN FRANCISCO

	
CA

	
94115

	
3

	
1

	
2200000.00

	
2200000.00

	
3

	
20110711

	
20

	  	  	
0

	
KINNELON

	
NJ

	
07405

	
7

	
1

	  	
1300000.00

	
3

	
20110702

	
21

	  	  	
100

	
SKILLMAN

	
NJ

	
08558

	
1

	
1

	
980000.00

	
985000.00

	
3

	
20100617

	
22

	  	  	
0

	
LOS ALTOS

	
CA

	
94024

	
1

	
1

	  	
1600000.00

	
3

	
20110725

	
23

	  	  	
100

	
WEST HARTFORD

	
CT

	
06117

	
7

	
1

	
1299550.00

	
1300000.00

	
3

	
20110328

	
24

	  	  	
100

	
AUSTIN

	
TX

	
78738

	
1

	
2

	
1050000.00

	
1050000.00

	
3

	
20110526

	
25

	  	  	
100

	
BOSTON

	
MA

	
02115

	
4

	
1

	
1200000.00

	
1225000.00

	
3

	
20110721

	
26

	  	  	
100

	
SAINT GEORGE

	
UT

	
84770

	
7

	
2

	
1100000.00

	
1250000.00

	
3

	
20110715

	
27

	  	  	
100

	
CARLISLE

	
MA

	
01741

	
1

	
1

	
1037500.00

	
1040000.00

	
3

	
20110525

	
28

	  	  	
0

	
BELMONT

	
CA

	
94002

	
1

	
1

	  	
1660000.00

	
3

	
20110628

	
29

	  	  	
100

	
BOULDER

	
CO

	
80304

	
1

	
1

	
1405500.00

	
1450000.00

	
3

	
20110611

	
30

	  	  	
100

	
LADUE

	
MO

	
63124

	
7

	
1

	
1080000.00

	
1080000.00

	
3

	
20110228

	
31

	  	  	
100

	
SUNNYVALE

	
CA

	
94087

	
1

	
1

	
1316000.00

	
1316000.00

	
3

	
20110511

	
32

	  	  	
0

	
SARATOGA

	
CA

	
95070

	
1

	
1

	  	
2400000.00

	
3

	
20110526

	
33

	  	  	
100

	
WESTFIELD

	
NJ

	
07090

	
1

	
1

	
1500500.00

	
1507000.00

	
3

	
20110415

	
34

	  	  	
0

	
MILLBRAE

	
CA

	
94030

	
1

	
1

	  	
1150000.00

	
3

	
20110523

	
35

	  	  	
100

	
LOS GATOS

	
CA

	
95032

	
1

	
1

	
1680000.00

	
1680000.00

	
3

	
20110713

	
36

	  	  	
100

	
LOWER GWYNEDD

	
PA

	
19002

	
1

	
1

	
1650000.00

	
1650000.00

	
3

	
20110720

	
37

	  	  	
100

	
DENVER

	
CO

	
80209

	
1

	
1

	
1350000.00

	
1340000.00

	
3

	
20110424

	
38

	  	  	
0

	
SARATOGA

	
CA

	
95070

	
1

	
1

	  	
2390000.00

	
3

	
20110502

	
39

	  	  	
0

	
SAN DIEGO

	
CA

	
92130

	
1

	
1

	  	
1575000.00

	
3

	
20110812

	
40

	  	  	
100

	
PHILADELPHIA

	
PA

	
19118

	
1

	
1

	
1400000.00

	
1400000.00

	
3

	
20110714

	
41

	  	  	
100

	
LITTLETON

	
CO

	
80127

	
7

	
1

	
1620000.00

	
1650000.00

	
3

	
20110510

	
42

	  	  	
100

	
DENVER

	
CO

	
80209

	
1

	
1

	
1550000.00

	
1550000.00

	
3

	
20110822

	
43

	  	  	
0

	
NEWPORT COAST

	
CA

	
92657

	
7

	
1

	  	
3400000.00

	
3

	
20110107

	
44

	  	  	
100

	
WINDERMERE

	
FL

	
34786

	
7

	
1

	
1340000.00

	
1650000.00

	
3

	
20110914

	
45

	  	  	
100

	
MENDHAM

	
NJ

	
07945

	
1

	
1

	
1290000.00

	
1290000.00

	
3

	
20110715

	
46

	  	  	
0

	
LOS ALTOS HILLS

	
CA

	
94022

	
1

	
1

	  	
2300000.00

	
3

	
20110330

	
47

	  	  	
0

	
CARMEL

	
CA

	
93921

	
1

	
2

	  	
2120000.00

	
3

	
20110711

	
48

	  	  	
0

	
WEST DES MOINES

	
IA

	
50265

	
1

	
1

	  	
725000.00

	
3

	
20110727

	
49

	  	  	
100

	
ARNOLD

	
MD

	
21012

	
1

	
1

	
1000000.00

	
1000000.00

	
3

	
20110822

	
50

	  	  	
0

	
ENCINO

	
CA

	
91316

	
1

	
1

	  	
1300000.00

	
3

	
20110819

	
51

	  	  	
100

	
RANCHO SANTA FE

	
CA

	
92067

	
7

	
1

	
1850000.00

	
1850000.00

	
3

	
20110915

	
52

	  	  	
0

	
ANNAPOLIS

	
MD

	
21401

	
1

	
1

	  	
900000.00

	
3

	
20110919

	
53

	  	  	
100

	
   COTO DE CAZA

	
CA

	
92679

	
7

	
1

	
1450000.00

	
1450000.00

	
3

	
20110914

	
54

	  	  	
100

	
SAN FRANCISCO

	
CA

	
94110

	
3

	
1

	
1175000.00

	
1185000.00

	
3

	
20111006

	
55

	  	  	
0

	
DENVER

	
CO

	
80209

	
1

	
1

	  	
1025000.00

	
3

	
20110909

	
56

	  	  	
0

	
NEW YORK

	
NY

	
10025

	
2

	
1

	  	
1850000.00

	
3

	
20110915

	
KEY

	
Original Automated

Valuation Model

(AVM) Model Name

 

	
Original AVM

Confidence Score

	
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

	
MI: Lender or

Borrower Paid?

	
1

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
2

	  	  	  	  	  	  	  	
0.745973

	
0.745973

	
0

	
0

	
0

	  
	
3

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
4

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
5

	  	  	  	  	  	  	  	
0.558919

	
0.558919

	
0

	
0

	
0

	  
	
6

	  	  	  	  	  	  	  	
0.637936

	
0.637936

	
0

	
0

	
0

	  
	
7

	  	  	  	  	  	  	  	
0.600000

	
0.600000

	
0

	
0

	
0

	  
	
8

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
9

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
10

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
11

	  	  	  	  	  	  	  	
0.700000

	
0.700000

	
0

	
0

	
0

	  
	
12

	  	  	  	  	  	  	  	
0.780800

	
0.780800

	
0

	
0

	
0

	  
	
13

	  	  	  	  	  	  	  	
0.628019

	
0.628019

	
0

	
0

	
0

	  
	
14

	  	  	  	  	  	  	  	
0.735135

	
0.735135

	
0

	
0

	
0

	  
	
15

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
16

	  	  	  	  	  	  	  	
0.449295

	
0.449295

	
0

	
0

	
0

	  
	
17

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
18

	  	  	  	  	  	  	  	
0.712092

	
0.712092

	
0

	
0

	
0

	  
	
19

	  	  	  	  	  	  	  	
0.340909

	
0.340909

	
0

	
0

	
0

	  
	
20

	  	  	  	  	  	  	  	
0.584615

	
0.584615

	
0

	
0

	
0

	  
	
21

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
22

	  	  	  	  	  	  	  	
0.481250

	
0.481250

	
0

	
0

	
0

	  
	
23

	  	  	  	  	  	  	  	
0.600000

	
0.600000

	
0

	
0

	
0

	  
	
24

	  	  	  	  	  	  	  	
0.750000

	
0.750000

	
0

	
0

	
0

	  
	
25

	  	  	  	  	  	  	  	
0.666667

	
0.666667

	
0

	
0

	
0

	  
	
26

	  	  	  	  	  	  	  	
0.750000

	
0.750000

	
0

	
0

	
0

	  
	
27

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
28

	  	  	  	  	  	  	  	
0.632530

	
0.512048

	
0

	
0

	
0

	  
	
29

	  	  	  	  	  	  	  	
0.608324

	
0.608324

	
0

	
0

	
0

	  
	
30

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
31

	  	  	  	  	  	  	  	
0.664894

	
0.664894

	
0

	
0

	
0

	  
	
32

	  	  	  	  	  	  	  	
0.479239

	
0.375073

	
0

	
0

	
0

	  
	
33

	  	  	  	  	  	  	  	
0.599800

	
0.599800

	
0

	
0

	
0

	  
	
34

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
35

	  	  	  	  	  	  	  	
0.583333

	
0.583333

	
0

	
0

	
0

	  
	
36

	  	  	  	  	  	  	  	
0.606061

	
0.606061

	
0

	
0

	
0

	  
	
37

	  	  	  	  	  	  	  	
0.750000

	
0.750000

	
0

	
0

	
0

	  
	
38

	  	  	  	  	  	  	  	
0.433622

	
0.433622

	
0

	
0

	
0

	  
	
39

	  	  	  	  	  	  	  	
0.658476

	
0.658476

	
0

	
0

	
0

	  
	
40

	  	  	  	  	  	  	  	
0.750000

	
0.750000

	
0

	
0

	
0

	  
	
41

	  	  	  	  	  	  	  	
0.679012

	
0.679012

	
0

	
0

	
0

	  
	
42

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
43

	  	  	  	  	  	  	  	
0.588235

	
0.588235

	
0

	
0

	
0

	  
	
44

	  	  	  	  	  	  	  	
0.700000

	
0.700000

	
0

	
0

	
0

	  
	
45

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
46

	  	  	  	  	  	  	  	
0.649565

	
0.649565

	
0

	
0

	
0

	  
	
47

	  	  	  	  	  	  	  	
0.424528

	
0.424528

	
0

	
0

	
0

	  
	
48

	  	  	  	  	  	  	  	
0.641273

	
0.641273

	
0

	
0

	
0

	  
	
49

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
0

	
0

	  
	
50

	  	  	  	  	  	  	  	
0.617180

	
0.617180

	
0

	
0

	
0

	  
	
51

	  	  	  	  	  	  	  	
0.700000

	
0.700000

	
0

	
0

	
0

	  
	
52

	  	  	  	  	  	  	  	
0.790354

	
0.790354

	
0

	
0

	
0

	  
	
53

	  	  	  	  	  	  	  	
0.750000

	
0.750000

	
0

	
0

	
0

	  
	
54

	  	  	  	  	  	  	  	
0.787234

	
0.787234

	
0

	
0

	
0

	  
	
55

	  	  	  	  	  	  	  	
0.757054

	
0.757054

	
0

	
0

	
0

	  
	
56

	  	  	  	  	  	  	  	
0.485102

	
0.485102

	
0

	
0

	
0

	  

	
KEY

	
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

	
Pre-Modification P&I

Payment

	
Pre-Modification

Initial Interest Rate

Change Downward

Cap

	
1

	  	  	  	  	  	  	  	  	  	  	  
	
2

	  	  	  	  	  	  	  	  	  	  	  
	
3

	  	  	  	  	  	  	  	  	  	  	  
	
4

	  	  	  	  	  	  	  	  	  	  	  
	
5

	  	  	  	  	  	  	  	  	  	  	  
	
6

	  	  	  	  	  	  	  	  	  	  	  
	
7

	  	  	  	  	  	  	  	  	  	  	  
	
8

	  	  	  	  	  	  	  	  	  	  	  
	
9

	  	  	  	  	  	  	  	  	  	  	  
	
10

	  	  	  	  	  	  	  	  	  	  	  
	
11

	  	  	  	  	  	  	  	  	  	  	  
	
12

	  	  	  	  	  	  	  	  	  	  	  
	
13

	  	  	  	  	  	  	  	  	  	  	  
	
14

	  	  	  	  	  	  	  	  	  	  	  
	
15

	  	  	  	  	  	  	  	  	  	  	  
	
16

	  	  	  	  	  	  	  	  	  	  	  
	
17

	  	  	  	  	  	  	  	  	  	  	  
	
18

	  	  	  	  	  	  	  	  	  	  	  
	
19

	  	  	  	  	  	  	  	  	  	  	  
	
20

	  	  	  	  	  	  	  	  	  	  	  
	
21

	  	  	  	  	  	  	  	  	  	  	  
	
22

	  	  	  	  	  	  	  	  	  	  	  
	
23

	  	  	  	  	  	  	  	  	  	  	  
	
24

	  	  	  	  	  	  	  	  	  	  	  
	
25

	  	  	  	  	  	  	  	  	  	  	  
	
26

	  	  	  	  	  	  	  	  	  	  	  
	
27

	  	  	  	  	  	  	  	  	  	  	  
	
28

	  	  	  	  	  	  	  	  	  	  	  
	
29

	  	  	  	  	  	  	  	  	  	  	  
	
30

	  	  	  	  	  	  	  	  	  	  	  
	
31

	  	  	  	  	  	  	  	  	  	  	  
	
32

	  	  	  	  	  	  	  	  	  	  	  
	
33

	  	  	  	  	  	  	  	  	  	  	  
	
34

	  	  	  	  	  	  	  	  	  	  	  
	
35

	  	  	  	  	  	  	  	  	  	  	  
	
36

	  	  	  	  	  	  	  	  	  	  	  
	
37

	  	  	  	  	  	  	  	  	  	  	  
	
38

	  	  	  	  	  	  	  	  	  	  	  
	
39

	  	  	  	  	  	  	  	  	  	  	  
	
40

	  	  	  	  	  	  	  	  	  	  	  
	
41

	  	  	  	  	  	  	  	  	  	  	  
	
42

	  	  	  	  	  	  	  	  	  	  	  
	
43

	  	  	  	  	  	  	  	  	  	  	  
	
44

	  	  	  	  	  	  	  	  	  	  	  
	
45

	  	  	  	  	  	  	  	  	  	  	  
	
46

	  	  	  	  	  	  	  	  	  	  	  
	
47

	  	  	  	  	  	  	  	  	  	  	  
	
48

	  	  	  	  	  	  	  	  	  	  	  
	
49

	  	  	  	  	  	  	  	  	  	  	  
	
50

	  	  	  	  	  	  	  	  	  	  	  
	
51

	  	  	  	  	  	  	  	  	  	  	  
	
52

	  	  	  	  	  	  	  	  	  	  	  
	
53

	  	  	  	  	  	  	  	  	  	  	  
	
54

	  	  	  	  	  	  	  	  	  	  	  
	
55

	  	  	  	  	  	  	  	  	  	  	  
	
56

	  	  	  	  	  	  	  	  	  	  	  

	
KEY

	
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

	
1

	  	  	  	  	  	  
	
2

	  	  	  	  	  	  
	
3

	  	  	  	  	  	  
	
4

	  	  	  	  	  	  
	
5

	  	  	  	  	  	  
	
6

	  	  	  	  	  	  
	
7

	  	  	  	  	  	  
	
8

	  	  	  	  	  	  
	
9

	  	  	  	  	  	  
	
10

	  	  	  	  	  	  
	
11

	  	  	  	  	  	  
	
12

	  	  	  	  	  	  
	
13

	  	  	  	  	  	  
	
14

	  	  	  	  	  	  
	
15

	  	  	  	  	  	  
	
16

	  	  	  	  	  	  
	
17

	  	  	  	  	  	  
	
18

	  	  	  	  	  	  
	
19

	  	  	  	  	  	  
	
20

	  	  	  	  	  	  
	
21

	  	  	  	  	  	  
	
22

	  	  	  	  	  	  
	
23

	  	  	  	  	  	  
	
24

	  	  	  	  	  	  
	
25

	  	  	  	  	  	  
	
26

	  	  	  	  	  	  
	
27

	  	  	  	  	  	  
	
28

	  	  	  	  	  	  
	
29

	  	  	  	  	  	  
	
30

	  	  	  	  	  	  
	
31

	  	  	  	  	  	  
	
32

	  	  	  	  	  	  
	
33

	  	  	  	  	  	  
	
34

	  	  	  	  	  	  
	
35

	  	  	  	  	  	  
	
36

	  	  	  	  	  	  
	
37

	  	  	  	  	  	  
	
38

	  	  	  	  	  	  
	
39

	  	  	  	  	  	  
	
40

	  	  	  	  	  	  
	
41

	  	  	  	  	  	  
	
42

	  	  	  	  	  	  
	
43

	  	  	  	  	  	  
	
44

	  	  	  	  	  	  
	
45

	  	  	  	  	  	  
	
46

	  	  	  	  	  	  
	
47

	  	  	  	  	  	  
	
48

	  	  	  	  	  	  
	
49

	  	  	  	  	  	  
	
50

	  	  	  	  	  	  
	
51

	  	  	  	  	  	  
	
52

	  	  	  	  	  	  
	
53

	  	  	  	  	  	  
	
54

	  	  	  	  	  	  
	
55

	  	  	  	  	  	  
	
56

	  	  	  	  	  	  

	
KEY

	
Cash To/From Brrw at Closing

	
Brrw - Yrs at in Industry

	
CoBrrw - Yrs at in Industry

	
Junior Mortgage Drawn Amount

	
Maturity Date

	
Primary Borrower Wage Income (Salary)

	
Primary Borrower Wage Income (Bonus)

	
Primary Borrower Wage Income (Commission)

	
Co-Borrower Wage Income (Salary)

	
Co-Borrower Wage Income (Bonus)

	
Co-Borrower Wage Income (Commission)

	
Originator Doc Code

	
RWT Income Verification

	
RWT Asset Verification

	
1

	  	
11

	  	  	
20410801

	
16,250.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
2

	  	
5

	  	  	
20410701

	
10,417.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
3

	  	
26.5

	  	  	
20410901

	
10,000.00

	
8,326.00

	  	  	  	  	
Full

	
2 years

	
2 Months

	
4

	  	
2

	  	  	
20410801

	
12,500.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
5

	  	
26

	  	  	
20410901

	
19,838.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
6

	  	
3

	  	  	
20410101

	
15,000.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
7

	  	
29.95

	  	  	
20410901

	
18,584.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
8

	  	
12.73

	  	  	
20411001

	
22,877.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
9

	  	
9

	  	  	
20410701

	
22,500.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
10

	  	
11.7

	  	  	
20410601

	
32,110.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
11

	  	
7.7

	  	  	
20411001

	
27,083.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
12

	  	
23

	  	  	
20410701

	
20,585.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
13

	  	
10

	  	  	
20410901

	
16,311.00

	
4,876.00

	  	  	  	  	
Full

	
2 years

	
2 Months

	
14

	  	
13.6

	  	  	
20410801

	
28,750.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
15

	  	
10

	  	  	
20410901

	
27,083.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
16

	  	
26

	  	  	
20261001

	
30,563.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
17

	  	
31.93

	  	  	
20410701

	
21,017.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
18

	  	
5

	  	  	
20410801

	
19,583.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
19

	  	
11.62

	  	  	
20410901

	
28,775.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
20

	  	
27

	  	  	
20411001

	
18,750.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
21

	  	
16.1

	  	  	
20400801

	
19,013.00

	
5,833.00

	  	  	  	  	
Full

	
2 years

	
2 Months

	
22

	  	
20

	  	  	
20411001

	
14,167.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
23

	  	
3.35

	  	  	
20410601

	
21,186.00

	
9,145.00

	  	  	  	  	
Full

	
2 years

	
2 Months

	
24

	  	
40

	  	  	
20410701

	
   105,721.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
25

	  	
32

	  	  	
20260901

	
66,667.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
26

	  	
30

	  	  	
20260901

	  	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
27

	  	
4

	  	  	
20410801

	
19,167.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
28

	  	
26

	  	
200000

	
    20410901

	
20,220.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
29

	  	
3

	  	  	
20410701

	
14,463.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
30

	  	
5

	  	  	
20410501

	
31,250.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
31

	  	
5

	  	  	
20410701

	
13,033.00

	
1,861.00

	  	  	  	  	
Full

	
2 years

	
2 Months

	
32

	  	
2.64

	
18

	
250000

	
20410901

	
2,014.00

	  	  	
7,847.00

	
3,250.00

	  	
Full

	
2 years

	
2 Months

	
33

	  	
13.57

	  	  	
20410701

	
44,961.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
34

	  	
13.52

	
13.52

	  	
20410801

	
5,856.00

	  	  	
8,875.00

	  	  	
Full

	
2 years

	
2 Months

	
35

	  	
2.1

	  	  	
20410901

	
18,500.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
36

	  	
9.35

	  	  	
20410901

	
28,099.00

	
8,769.00

	  	  	  	  	
Full

	
2 years

	
2 Months

	
37

	  	
14.1

	  	  	
20410601

	
40,917.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
38

	  	
0

	  	  	
20410901

	  	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
39

	  	
20

	  	  	
20411001

	
46,780.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
40

	  	
4

	
10

	  	
20410901

	
25,000.00

	  	  	
14,499.00

	  	  	
Full

	
2 years

	
2 Months

	
41

	  	
12

	  	  	
20410601

	
20,300.00

	
0.00

	  	  	  	  	
Full

	
2 years

	
2 Months

	
42

	  	
12.2

	
12.2

	  	
20411001

	  	  	  	
25,000.00

	
2,377.00

	
1,551.00

	
Full

	
2 years

	
2 Months

	
43

	  	
38

	  	  	
20410301

	
40,271.00

	
17,000.00

	
1,708.00

	  	  	  	
Full

	
2 years

	
2 Months

	
44

	  	
15.33

	  	  	
20411101

	
21,250.00

	
7,104.00

	  	  	  	  	
Full

	
2 years

	
2 Months

	
45

	  	
14.02

	  	  	
20410901

	
37,500.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
46

	  	
12.42

	
11.46

	  	
20411001

	
3,167.00

	
2,083.00

	
5,142.00

	
5,897.00

	  	  	
Full

	
2 years

	
2 Months

	
47

	  	
31.72

	  	  	
20411001

	
21,235.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
48

	  	
1.25

	  	  	
20411001

	
25,000.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
49

	  	
9

	  	  	
20411001

	
17,261.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
50

	  	
46

	  	  	
20411101

	
28,977.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
51

	  	
3.7

	  	  	
20411001

	
91,568.00

	  	  	  	  	  	
Full

	
2 years

	
1 Month

	
52

	  	
7

	  	  	
20261101

	
6,250.00

	
1,508.00

	
32,258.00

	  	  	  	
Full

	
2 years

	
2 Months

	
53

	  	
10

	  	  	
20411101

	
36,250.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
54

	  	
15

	
15

	  	
20261101

	
11,250.00

	  	  	
10,244.00

	  	  	
Full

	
2 years

	
2 Months

	
55

	  	
13.15

	
13

	  	
20411101

	
22,472.00

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
56

	  	
39

	  	  	
20411101

	
55,310.17

	  	  	  	  	  	
Full

	
2 years

	
2 Months

  

  

  

	
Loan Number

	
Redwood Loan Number

	
DD Loan Number

	
7116767018

	
2000000027

	
600119300

	
22-462910-1

	
3000000262

	
600131437

	
22-463008-3

	
3000000283

	
600132623

	
22-462990-3

	
3000000288

	
600132694

	
22-464097-5

	
3000000348

	
600135657

	
22-464063-7

	
3000000385

	
600137326

	
22-464627-9

	
3000000435

	
600138718

	
7118457022

	
2000000343

	
600145303

	
22-465060-2

	
3000000449

	
600145933

	
22-467514-6

	
3000000463

	
600147089

	
22-466744-0

	
3000000466

	
600147090

	
22-467563-3

	
3000000468

	
600147103

	
22-464586-7

	
3000000480

	
600149571

	
22-455619-7

	
841000001

	
600151591

	
7119654767

	
2000000473

	
600152229

	
22-468033-6

	
3000000501

	
600152540

	
22-469026-9

	
3000000508

	
600153553

	
22-114222-3

	
3000000562

	
600153559

	
22-469217-4

	
3000000526

	
600153743

	
22-114166-2

	
856000001

	
600153745

	
22-469207-5

	
3000000529

	
600153771

	
22-469378-4

	
3000000552

	
600153773

	
22-114221-5

	
3000000551

	
600153865

	
22-468338-9

	
3000000531

	
600154267

	
22-468554-1

	
3000000557

	
600154268

	
7120359166

	
2000000504

	
600254724

	
22-469668-8

	
3000000613

	
600254752

	
2027601803

	
1050000663

	
600254765

	
2131700638

	
1050000773

	
600254766

	
3006612518

	
1050000809

	
600254767

	
7120816173

	
2000000641

	
600255648

	
2083600913

	
1050000790

	
600256922

	
12-466802-6

	
868000029

	
600256932

	
12-468233-2

	
868000025

	
600256933

	
12-469810-6

	
868000013

	
600256934

	
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600271909

	
22-473628-6

	
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600271910

	
12-471695-7

	
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600271911

	
12-471420-0

	
3000001349

	
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1076082

	
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1077462

	
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12-473518-9

	
3000001105

	
600273415

	
5050454775

	
2000000948

	
600274056

	
7121336809

	
2000000983

	
600274057

	
7121832930

	
2000001041

	
600274058

	
7122307155

	
2000001184

	
600274059

	
001082241

	
1300001270

	
600274213

	
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2000001152

	
600274214

	
7122256725

	
2000001183

	
600274215

	
7121722271

	
2000000991

	
600274216

	
3052602876

	
1050001187

	
600274218

	
12-473276-4

	
3000001176

	
600274219

	
12-473927-2

	
3000001177

	
600274220

	
3651604471

	
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600275005

	
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600275006

	
12-465477-8

	
909000126

	
600275153

	
12-460880-8

	
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600275154

	
12-466127-8

	
909000135

	
600275155

	
2210600429

	
1050001089

	
600275166

	
12-474206-0

	
3000001243

	
600275167

	
12-473983-5

	
3000001342

	
600275168

	
2105600365

	
1050001571

	
600275921

	
7121753607

	
2000000972

	
600275922

	
7122334985

	
2000001267

	
600275923

	
7122451052

	
2000001515

	
600275924

	
3706601428

	
1050001758

	
600276858

	
12-474188-0

	
3000001238

	
600276859

	
7121674803

	
2000001403

	
600276860

	
7122076396

	
2000001088

	
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12-473362-2

	
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600277199

	
12-474281-3

	
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600277200

	
12-473732-6

	
3000001347

	
600277201

	
3643602404

	
1050001155

	
600277202

	
001070685

	
1300001012

	
600277203

	
001080934

	
1300001174

	
600277204

	
20321100005

	
1050001115

	
600277259

	
2039604549

	
1050001189

	
600277261

	
12-474234-2

	
3000001213

	
600277263

	
12-474538-6

	
3000001276

	
600277264

	
12-473776-3

	
3000001289

	
600277265

	
12-474536-0

	
3000001345

	
600277266

	
7122331841

	
2000001190

	
600277267

	
7122356434

	
2000001271

	
600277268

	
6014600088

	
1050001092

	
600277278

	
2218601128

	
1050001227

	
600277280

	
2198600438

	
1050001274

	
600277281

	
22-462687-5

	
814000005

	
600277282

	
22-463392-1

	
814000006

	
600277283

	
12-465022-2

	
868000001

	
600277284

	
12-466794-5

	
868000002

	
600277285

	
12-466540-2

	
868000004

	
600277286

	
12-466115-3

	
868000006

	
600277287

	
12-466311-8

	
868000007

	
600277288

	
12-466681-4

	
868000008

	
600277289

	
12-465277-2

	
868000009

	
600277290

	
12-465945-4

	
868000010

	
600277291

	
12-469251-3

	
868000015

	
600277292

	
12-465189-9

	
868000017

	
600277293

	
12-470449-0

	
868000018

	
600277294

	
12-465950-4

	
868000019

	
600277295

	
12-465680-7

	
868000020

	
600277296

	
12-468883-4

	
868000021

	
600277297

	
12-465802-7

	
868000022

	
600277298

	
12-466809-1

	
868000023

	
600277299

	
12-467125-1

	
868000024

	
600277300

	
12-468482-5

	
868000026

	
600277301

	
12-466745-7

	
868000028

	
600277302

	
12-465834-0

	
868000032

	
600277303

	
12-470164-5

	
868000033

	
600277304

	
12-465114-7

	
869000004

	
600277306

	
12-465290-5

	
869000005

	
600277307

	
12-465777-1

	
869000007

	
600277308

	
12-466146-8

	
869000009

	
600277309

	
12-468707-5

	
869000011

	
600277310

	
12-473040-4

	
3000001016

	
600277327

	
12-473069-3

	
3000001231

	
600277328

	
12-474309-2

	
3000001240

	
600277329

	
2030601875

	
1050001256

	
600277332

	
6008684

	
1650001624

	
600277333

	
3052602909

	
1050001340

	
600277452

	
001080213

	
1300001120

	
600277619

	
12-474396-9

	
3000001248

	
600277620

	
12-474615-2

	
3000001304

	
600277621

	
12-474625-1

	
3000001305

	
600277622

	
12-474793-7

	
3000001326

	
600277623

	
12-474356-3

	
3000001344

	
600277624

	
12-474454-6

	
3000001355

	
600277625

	
12-472651-9

	
3000001160

	
600277745

	
12-470920-0

	
3000001334

	
600277746

	
2108600297

	
1050001284

	
600278836

	
6005600235

	
1050001621

	
600278838

	
001081295

	
1300001221

	
600278839

	
001082302

	
1300001380

	
600278841

	
001081489

	
1300001314

	
600278842

	
212044

	
1000001574

	
600279167

	
3602601352

	
1050001117

	
600279168

	
6005600275

	
1050001253

	
600279169

	
12-474927-1

	
3000001357

	
600279194

	
2027602195

	
1050001777

	
600279195

	
2154601170

	
1050001229

	
600279196

	
224051

	
1000001642

	
600279199

	
7120444828

	
2000001588

	
600279200

	
21871100062

	
1050001254

	
600279333

	
3602601464

	
1050001433

	
600279335

	
12-474100-5

	
3000001346

	
600279336

	
12-474767-1

	
3000001356

	
600279337

	
7122405942

	
2000001299

	
600279339

	
2051601642

	
1050001512

	
600280458

	
2001708341

	
1050001179

	
600280460

	
12-473903-3

	
3000001255

	
600280494

	
12-474999-0

	
3000001367

	
600280495

	
6010270

	
1650001511

	
600280496

	
12-473930-6

	
3000001233

	
600280931

	
12-474252-4

	
3000001239

	
600280932

	
12-474783-8

	
3000001325

	
600281543

	
12-474762-2

	
3000001405

	
600281544

	
12-475316-6

	
3000001507

	
600281545

	
22-114276-9

	
3000001278

	
600282102

	
12-475084-0

	
3000001408

	
600282103

	
12-475126-9

	
3000001454

	
600282104

	
21491100132

	
1050001317

	
600282789

	
7122627289

	
2000001568

	
600282791

	
12-475079-0

	
3000001407

	
600282792

	
12-475220-0

	
3000001455

	
600282793

	
12-475255-6

	
3000001464

	
600282794

	
12-475267-1

	
3000001465

	
600282795

	
12-473750-8

	
3000001418

	
600282796

	
001080666

	
1300001516

	
600282797

	
001081407

	
1300001211

	
600283120

	
001085417

	
1300001580

	
600283121

	
12-475097-2

	
3000001578

	
600283122

	
6010180

	
1650001458

	
600284125

	
231027

	
1000001250

	
600284520

	
2058601997

	
1050001815

	
600284526

	
12-472155-1

	
3000001595

	
600284527

	
12-474022-1

	
3000001235

	
600284528

	
12-472777-2

	
3000002004

	
600285029

	
5040436072

	
2000001351

	
600285216

	
7122705481

	
2000001610

	
600285217

	
7122969368

	
2000001788

	
600285218

	
231043

	
1000001251

	
600285219

	
7122780740

	
2000001611

	
600285524

	
7122619625

	
2000001439

	
600286773

	
001078858

	
1300001283

	
600286774

	
12-474638-4

	
3000001627

	
600287923

	
8000383

	
1650001762

	
600288023

	
2045701120

	
1050001750

	
600288086

	
12-475406-5

	
3000001643

	
600289593

	
12-475004-8

	
3000001655

	
600289867

	
22-471347-5

	
978000001

	
600295295

	
22-470986-1

	
978000002

	
600295296

	
22-470751-9

	
978000003

	
600295297

	
22-471274-1

	
978000005

	
600295299

	
22-471474-7

	
978000009

	
600295303

	
22-473895-1

	
978000012

	
600295306

	
22-474402-5

	
978000014

	
600295308

	
22-472531-3

	
978000017

	
600295311

	
22-473538-7

	
978000018

	
600295312

	
22-474143-5

	
978000024

	
600295318

	
22-473670-8

	
978000027

	
600295321

	
22-473623-7

	
978000030

	
600295324

	
22-473889-4

	
978000031

	
600295325

	
22-473945-4

	
978000033

	
600295327

	
22-474353-0

	
978000034

	
600295328

	
22-472722-8

	
978000035

	
600295329

	
22-474077-5

	
978000036

	
600295330

	
22-474750-7

	
978000037

	
600295331

	
22-472504-0

	
978000039

	
600295333

	
22-473084-2

	
978000040

	
600295334

	
22-473598-1

	
978000042

	
600295336

	
22-473019-8

	
978000043

	
600295337

	
22-471526-4

	
978000046

	
600295340

	
22-473594-0

	
978000047

	
600295341

	
22-472802-8

	
978000048

	
600295342

	
22-472513-1

	
978000049

	
600295343

	
22-471784-9

	
978000050

	
600295344

	
22-470404-5

	
978000051

	
600295345

	
22-468312-4

	
978000053

	
600295347

	
22-472911-7

	
978000054

	
600295348

	
22-473860-5

	
978000055

	
600295349

	
22-473556-9

	
978000058

	
600295352

	
22-471999-3

	
978000059

	
600295353

	
22-472313-6

	
978000061

	
600295355

	
22-473141-0

	
978000063

	
600295357

	
22-473230-1

	
978000065

	
600295359

	
22-471634-6

	
978000082

	
600295376

	
503279849

	
1150001401

	
Clayton.  No loanid

	
503294792

	
1150001498

	
Clayton.  No loanid

	
503260869

	
1150001373

	
Clayton.  No loanid

	
503281720

	
1150001400

	
Clayton.  No loanid

	
503266350

	
1150001395

	
Clayton.  No loanid

	
503283192

	
1150001371

	
Clayton.  No loanid

	
503278341

	
1150001970

	
Clayton.  No loanid

	
503275972

	
1150001597

	
Clayton.  No loanid

	
503272061

	
1150001383

	
Clayton.  No loanid

	
503260793

	
1150001399

	
Clayton.  No loanid

	
503273065

	
1150001384

	
Clayton.  No loanid

	
503234706

	
1150001372

	
Clayton.  No loanid

	
503335768

	
1150001855

	
Clayton.  No loanid

	
503280657

	
1150001417

	
Clayton.  No loanid

	
503276011

	
1150001374

	
Clayton.  No loanid

	
503285149

	
1150001527

	
Clayton.  No loanid

	
503278520

	
1150001375

	
Clayton.  No loanid

	
503257737

	
1150001378

	
Clayton.  No loanid

	
503273469

	
1150001385

	
Clayton.  No loanid

	
503273037

	
1150001556

	
Clayton.  No loanid

	
2011000462

	
1400001469

	
Clayton.  No loanid

	
503259752

	
1150001402

	
Clayton.  No loanid

	
2011000933

	
1400001741

	
Clayton.  No loanid

	
503299399

	
1150001503

	
Clayton.  No loanid

	
503273456

	
1150001387

	
Clayton.  No loanid

	
503255085

	
1150001398

	
Clayton.  No loanid

	
503272937

	
1150001397

	
Clayton.  No loanid

	
503251726

	
1150001694

	
Clayton.  No loanid

	
503256518

	
1150001376

	
Clayton.  No loanid

	
503279494

	
1150001537

	
Clayton.  No loanid

	
503279768

	
1150001632

	
Clayton.  No loanid

	
503302762

	
1150001481

	
Clayton.  No loanid

	
503281800

	
1150001411

	
Clayton.  No loanid

	
503253990

	
1150001517

	
Clayton.  No loanid

	
503272246

	
1150001899

	
Clayton.  No loanid

	
503326005

	
1150001755

	
Clayton.  No loanid

	
2011001782

	
1400001850

	
Clayton.  No loanid

	
503339764

	
1150001888

	
Clayton.  No loanid

	
503325948

	
1150001768

	
Clayton.  No loanid

	
503301258

	
1150001486

	
Clayton.  No loanid

	
503254794

	
1150001681

	
Clayton.  No loanid

  

  

  

	
MERSID

	
Organization

	
1002338

	
First Republic

	
1000536

	
Prime Lending

	
1000938

	
Select Portfolio Servicing

	
1000200

	
PHH

	
1006404

	
Wells Fargo

	
1000104

	
SunTrust Mortgage, Inc.

	
1001863

	
Sterling Savings Bank

	
1000383

	
Cenlar FSB

	
1008498

	
Flagstar Bank, F.S.B.

	
1000522

	
Franklin American Mortgage

	
1000312

	
Wintrust Mortgage A Division of Barrington Bank & Trust Co

	
1003970

	
GuardHill Financial Corp.

	
1008808

	
Cole Taylor Bank

  

  

  

 

ASF RMBS DISCLOSURE PACKAGE

 

	
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

	
For “Cash-out” loans (see Glossary):

 

[NEW LOAN AMOUNT] – [PAID-OFF FIRST MORTGAGE LOAN AMOUNT] – [PAID-OFF SECOND MORTGAGE LOAN AMOUNT (if Second was used to purchase the property)] – [CLOSING COSTS].

	
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.

	
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.

	
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

	  	  
	
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

 

See Exhibit 10.7 to Form 8-K filed by the Issuing Entity on January 26, 2012

 

  

 

  

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.

  

 

  

 

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 January 1, 2012, among U.S. Bank National Association, 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

	  

  

F-1

  

	
Phone:

	 	
 

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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00198-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00198-of-00352.parquet"}]]