Document:

Unassociated Document

 

Exhibit 10.7

 

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

THIS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT, dated as of September 27, 2011 (the “Assignment”), is entered into among Redwood Residential Acquisition Corporation (the “Assignor”), Sequoia Residential Funding, Inc. (the “Depositor”), Select Portfolio Servicing, Inc., as the servicer (the “Servicer”), DLJ Mortgage Capital, Inc. (the “Servicing Rights Purchaser”) and U.S. Bank National 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 September 1, 2011 (the “Pooling and Servicing Agreement”), among the Assignor, the Depositor and the Assignee.

 

RECITALS

WHEREAS, the Assignor, the Servicing Rights Purchaser and the Servicer have entered into a certain Flow Mortgage Loan Servicing Rights Sale and Servicing Agreement, dated as of May 5, 2011 (the “Flow Sale and Servicing Agreement”), and the Servicer is currently servicing certain mortgage loans (the “Mortgage Loans”) under the Flow Sale and Servicing Agreement; and

 

WHEREAS, the Assignor will sell the Mortgage Loans (the “Specified Mortgage Loans”) which are listed on the mortgage loan schedule attached as Exhibit I hereto (the “Specified Mortgage Loan Schedule”) and its rights under the Flow Sale and Servicing Agreement with respect to the Specified Mortgage Loans to the Depositor; and

 

WHEREAS, the Depositor will sell to the Assignee all of its right, title and interest in the Specified Mortgage Loans and its rights under the Flow Sale and Servicing Agreement with respect to the Specified Mortgage Loans; and

 

WHEREAS, the parties hereto have agreed that the Specified Mortgage Loans shall be subject to the terms of this Assignment.

 

NOW, THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties agree as follows:

 

1.           Assignment and Assumption.

 

(a)           Effective on and as of the date hereof, the Assignor hereby sells, assigns, conveys and transfers to the Depositor all of its right, title and interest in, to and under the Flow Sale and Servicing Agreement to the extent relating to the Specified Mortgage Loans, together with its obligations as “Owner” (as such term is defined in the Flow Sale and Servicing Agreement) to the extent relating to the Specified Mortgage Loans, and the Depositor hereby accepts such assignment from the Assignor and assumes such obligations.

  

  

  

(b)           Effective on and as of the date hereof, the Depositor hereby sells, assigns, conveys and transfers to the Assignee all of its right, title and interest in, to and under the Flow Sale and Servicing Agreement to the extent relating to the Specified Mortgage Loans, together with its obligations as “Owner” (as such term is defined in the Flow Sale and Servicing Agreement) to the extent relating to the Specified Mortgage Loans, and the Assignee hereby accepts such assignment from the Depositor.

 

(c)           Assignee agrees to be bound, as “Owner” (as such term is defined in the Flow Sale and Servicing Agreement), by all of the terms, covenants and conditions of the Flow Sale and Servicing Agreement relating to the Specified Mortgage Loans, and from and after the date hereof, Assignee assumes for the benefit of each of Assignor, Depositor and Servicer all of Assignor’s obligations as Owner thereunder in respect of the Specified Mortgage Loans.

 

	
2.

	
Recognition of the Assignee.

 

From and after the date hereof, subject to Section 3 below, the Servicer and Servicing Rights Purchaser shall recognize the Assignee as the holder of the rights and benefits of the Owner with respect to the Specified Mortgage Loans and the Servicer will service the Specified Mortgage Loans for the Assignee as if the Assignee and the Servicer had entered into a separate servicing agreement for the servicing of the Specified Mortgage Loans in the form of the Flow Sale and Servicing Agreement (as amended hereby) with the Assignee as the Owner thereunder, the terms of which Flow Sale and Servicing Agreement are incorporated herein by reference and amended hereby.  It is the intention of the parties hereto that this Assignment will be a separate and distinct agreement, and the entire agreement, between the parties hereto to the extent of the Specified Mortgage Loans and shall be binding upon and for the benefit of the respective successors and assigns of the parties hereto.

 

	
3.

	
Continuing Rights and Responsibilities.

 

(a)  Controlling Holder Rights.  The parties hereto agree and acknowledge that Sequoia Mortgage Funding Corporation, an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will assume all of Assignee’s rights and all related responsibilities as Owner under the sections of the  Flow Sale and Servicing Agreement listed below:

 

	
  

	
Flow Sale and Servicing Agreement:

 

	
Section

	  	
Matter

	  	  	  
	
11.01, 5th, 7th and 8th ¶’s

	  	
Servicer to Act as Servicer; Subservicing.

	  	  	  
	
11.13, 4th and 5th ¶’s

	  	
Title, Management and Disposition of REO Property.

	  	  	  
	
11.20

	
  

	
Servicer Shall Provide Access and Information as

Reasonably Required.

  

2

  

 

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

 

	
  

	
Flow Sale and Servicing Agreement:

 

	
Section

	  	
Matter

	  	  	  
	
Addendum I

	
  

	
Regulation AB Compliance Addendum

 

(c)         In addition, the Servicer agrees to furnish to the Assignor as well as to the Master Servicer copies of reports, notices, statements and other communications required to be delivered by the Servicer pursuant to any of the sections of the Flow Sale and Servicing Agreement referred to above and under the following sections, at the times therein specified:

 

	
  

	
Flow Sale and Servicing Agreement:

 

	
Section

	  	  
	  	  	  
	
11.09

	  	
Transfer of Accounts.

	  	  	  
	
11.16

	  	
Statements to the Owner.

	  	  	  
	
Subsection 2.04

of Addendum I

	  	
Servicer Compliance Statement.

	  	  	  
	
Subsection 2.05

of Addendum I

	  	
Report on Assessment of Compliance and Attestation.

 

(d)         If any Affiliate of the Depositor is no longer the Controlling Holder under the Pooling and Servicing Agreement, then all rights and responsibilities assumed by the Controlling Holder pursuant to Section 3(a) shall terminate and revert to Assignee; provided, however, that the rights and responsibilities assumed by the Controlling Holder under the 5th paragraph of Section 11.01 of the Flow Sale and Servicing Agreement shall terminate in their entirety as to the Specified Mortgage Loans.  Assignor will provide thirty (30) days notice to the Servicer of any such termination.

 

	
4.

	
Amendment to the Flow Sale and Servicing Agreement.

 

The Flow Sale and Servicing Agreement is hereby amended as set forth in Appendix A hereto with respect to the Specified Mortgage Loans.  The rights under the Flow 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 as set forth in Appendix A.

  

3

  

 

	
5.

	
Representations and Warranties.

 

(a)          Each of the parties hereto represents and warrants that it is duly and legally authorized to enter into this Assignment.

 

(b)          Each of the parties hereto represents and warrants that this Assignment has been duly authorized, executed and delivered by it and (assuming due authorization, execution and delivery thereof by each of the other parties hereto) constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (regardless of whether such enforcement is considered in a proceeding in equity or at law).

 

	
6.

	
Continuing Effect.

 

Except as contemplated hereby, the Flow Sale and Servicing Agreement shall remain in full force and effect in accordance with their terms.  This Assignment constitutes a Reconstitution Agreement as contemplated in Section 32 of the Flow Sale and Servicing Agreement and the Reconstitution Date shall be the date hereof with respect to the Specified Mortgage Loans listed on Exhibit I on the date hereof.

 

	
7.

	
Governing Law.

 

This Assignment and the rights and obligations hereunder shall be governed by and construed in accordance with the internal laws of the State of New York.

 

	
8.

	
Notices.

 

Any notices or other communications permitted or required under the Flow Sale and Servicing Agreement to be made to the Assignor and Assignee shall be made in accordance with the terms of the Flow Sale and Servicing Agreement and shall be sent to the Assignor and Assignee as follows:

 

Assignor:  Redwood Residential Acquisition Corporation

One Belvedere Place, Suite 360

Mill Valley, CA  94941

Attention: William Moliski

Assignee:  U.S. Bank National Association

60 Livingston Avenue

EP-MN-WS3D

St. Paul, Minnesota, 55107

Attention: Structured Finance – Sequoia Mortgage Loan Trust 2011-2

 

or to such other address as may hereafter be furnished by the Assignor or Assignee to the other parties in accordance with the provisions of the Flow Sale and Servicing Agreement.

  

4

  

 

	
9.

	
Counterparts.

 

This Assignment may be executed in counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument.

 

	
10.

	
Definitions.

 

Any capitalized term used but not defined in this Assignment has the same meaning as in the Flow Sale and Servicing Agreement.

 

	
11.

	
Master Servicer.

 

The Servicer hereby acknowledges that the Assignee has appointed Wells Fargo Bank, N.A. (the “Master Servicer”) to act as master servicer and securities administrator under the Pooling and Servicing Agreement and hereby agrees to treat all inquiries, instructions, authorizations and other communications from the Master Servicer as if the same had been received from the Assignee.  The Master Servicer, acting on behalf of the Assignee, shall have the rights of the Assignee as the Owner under the Flow Sale and Servicing Agreement to enforce the obligations of the Servicer thereunder.  Any notices or other communications permitted or required under the Flow Sale and Servicing Agreement to be made to the Assignee shall be made in accordance with the terms of the Flow Sale and Servicing Agreement and shall be sent to the Master Servicer at the following address:

 

Wells Fargo Bank, N. A.

P.O. Box 98

Columbia, Maryland 21046

(or, for overnight deliveries, 9062 Old Annapolis Road, Columbia, Maryland  21045)

Attention: Sequoia Mortgage Trust 2011-2

 

or to such other address as may hereafter be furnished by the Master Servicer to Servicer.  Any such notices or other communications permitted or required under the Flow Sale and Servicing Agreement may be delivered in electronic format unless manual signature is required in which case a hard copy of such report or communication shall be required.

 

The Servicer further acknowledges that the Assignor has engaged the Master Servicer to provide certain default administration and that the Master Servicer, acting as agent of the Assignor, may exercise any of the rights of the Owner retained by the Assignor in Section 3 above.

 

The Servicer shall make all distributions under the Flow Sale and Servicing Agreement, as they relate to the Specified Mortgage Loans, to the Master Servicer by wire transfer of immediately funds to:

 

Wells Fargo Bank, N.A.

San Francisco, California

ABA# 121-000-248

Account #3970771416

Account Name: SAS Clearing

FFC: Account #83707500, Sequoia Mortgage Trust 2011-2

Certificate Distribution Account

 

  

5

  

 

	
12. 

	
Rule 17g-5 Compliance.

 

The Servicer hereby agrees that it shall provide information with respect to the servicing of the Mortgage Loans by the Servicer requested by any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) to the Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information Provider”), via electronic mail at rmbs17g5informationprovider@wellsfargo.com, with a subject reference of “SEMT 2011-2” and an identification of the type of information being provided in the body of such electronic mail.  The Rule 17g-5 Information Provider shall notify the Servicer in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider.  The Servicer 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 12 prohibit or restrict oral or written communications, or providing information, between the Servicer , 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 Servicer, (ii) such Rating Agency’s or NRSRO’s approval of the Servicer as a residential mortgage master, special or primary servicer, or (iii) such Rating Agency’s or NRSRO’s evaluation of the Servicer’s servicing operations in general; provided, however, that the Servicer 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.

 

	
13.

	
Successors and Assigns.

Upon a transfer of the Specified Mortgage Loans by the Assignee (other than in respect of repurchases by a seller pursuant to the related purchase agreement) to a buyer (“buyer”), such transfer shall constitute a Reconstitution subject to the terms of Section 32 of the Flow Sale and Servicing Agreement.  Upon the closing of such transfer, the rights and obligations of Owner held by the Assignor pursuant to this Assignment shall automatically terminate and the buyer shall be deemed to possess all of the rights and obligations of Owner under the Flow Sale and Servicing Agreement, provided, however, that the Assignor shall remain liable for any obligations as Owner arising from or attributable to the period from the date hereof to the closing date of such transfer.

 

[remainder of page intentionally left blank]

  

6

  

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

 

	
ASSIGNOR:

	 
	
REDWOOD RESIDENTIAL ACQUISITION

CORPORATION

	  	  
	
By:

	 
/s/ John Isbrandtsen

	
Name:

	 
John Isbrandtsen

	
Title:

	 
Authorized Officer

	  	  
	
DEPOSTIOR:

	 
	
SEQUOIA RESIDENTIAL FUNDING, INC.

	  	  
	
By:

	 
/s/ John Isbrandtsen

	
Name:

	 
John Isbrandtsen

	
Title:

	 
Authorized Officer

	  	  
	
ASSIGNEE:

	 
	
U.S. BANK NATIONAL ASSOCIATION, not in

its individual capacity but solely as Trustee

	  	  
	
By:

	 
/s/ Tamara Schultz-Fugh

	
Name:

	 
Tamara Schultz-Fugh

	
Title:

	 
Vice President

	  	  
	
SERVICER:

	 
	
SELECT PORTFOLIO SERVICING, INC.

	  	  
	
By:

	/s/ Lester Chang
	
Name:

	Lester Chang
	
Title:

	SVP Business Development

  

7

  

 

	  	  	  	
SERVICING RIGHTS PURCHASER:

	 	 	 	 
	  	  	  	
DLJ MORTGAGE CAPITAL, INC.

	  	  	  	  
	  	  	  	
By:

	/s/ Deirdre Harrington
	  	  	  	
Name:

	Deirdre Harrington
	  	  	  	
Title:

	Vice President
	  	  	  	  
	
Accepted and agreed to by:

	  	  
	  	  	  	  
	
MASTER SERVICER;

	  	  
	  	  	  	  
	
WELLS FARGO BANK, N.A.

	  	  
	  	  	  	  
	
By:

	 
/s/ Graham M. Oglesby

	  	  
	
Name:

	 
Graham M. Oglesby

	  	  
	
Title:

	Vice President	  	  

  

8

  

EXHIBIT I

 

	
KEY

	
Primary Servicer

	 	
Primary Servicer Name

	
Servicing 

Fee %

	
Servicing Fee—Flatdollar

	
Servicing Advance Methodology

	
Originator

	
Loan Group

	
Loan Number

	
sellernumber

	
Amortization Type

	
1

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1001863

	  	
1000000556

	
212432

	
1

	
2

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1001863

	  	
1000000853

	
212204

	
1

	
3

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1001863

	  	
1000000858

	
223208

	
1

	
4

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1001863

	  	
1000000878

	
222836

	
1

	
5

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1001863

	  	
1000000932

	
226409

	
1

	
6

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000555

	
2001707827

	
1

	
7

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000606

	
2153601039

	
1

	
8

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000626

	
3006612689

	
1

	
9

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000644

	
3006610638

	
1

	
10

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000646

	
6001600492

	
1

	
11

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000647

	
6004600154

	
1

	
12

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000648

	
2027601912

	
1

	
13

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000658

	
2151600924

	
1

	
14

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000770

	
2001708109

	
1

	
15

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000789

	
2153601081

	
1

	
16

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000793

	
2017604292

	
1

	
17

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000798

	
2097600717

	
1

	
18

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000826

	
2017604222

	
1

	
19

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000827

	
20631100094

	
1

	
20

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000838

	
2131700653

	
1

	
21

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000862

	
2036601577

	
1

	
22

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000887

	
2045700695

	
1

	
23

	
1000938

	 	
Select Portfolio Servicing

	
0.002500

	  	  	
1000536

	  	
1050000891

	
2073603392

	
1

 

	
KEY

	
Lien 

Position

	
HELOC Indicator

	
Loan 

Purpose

	
Cash Out Amount

	
Total Origination and Discount Points

	
Covered/High Cost Loan Indicator

	
Relocation Loan Indicator

	
Broker Indicator

	
Channel

	
Escrow Indicator

	
1

	
1

	
0

	
9

	  	  	  	  	  	
1

	
4

	
2

	
1

	
0

	
7

	  	  	  	  	  	
1

	
4

	
3

	
1

	
0

	
7

	  	  	  	  	  	
1

	
4

	
4

	
1

	
0

	
7

	  	  	  	  	  	
1

	
4

	
5

	
1

	
0

	
9

	  	  	  	  	  	
1

	
4

	
6

	
1

	
0

	
7

	  	  	  	  	  	
1

	
0

	
7

	
1

	
0

	
7

	  	  	  	  	  	
1

	
0

	
8

	
1

	
0

	
9

	  	  	  	  	  	
1

	
0

	
9

	
1

	
0

	
9

	  	  	  	  	  	
1

	
0

	
10

	
1

	
0

	
9

	  	  	  	  	  	
1

	
4

	
11

	
1

	
0

	
9

	  	  	  	  	  	
1

	
0

	
12

	
1

	
0

	
7

	  	  	  	  	  	
1

	
0

	
13

	
1

	
0

	
9

	  	  	  	  	  	
1

	
0

	
14

	
1

	
0

	
9

	  	  	  	  	  	
1

	
0

	
15

	
1

	
0

	
7

	  	  	  	  	  	
1

	
4

	
16

	
1

	
0

	
7

	  	  	  	  	  	
1

	
0

	
17

	
1

	
0

	
6

	  	  	  	  	  	
1

	
4

	
18

	
1

	
0

	
7

	  	  	  	  	  	
1

	
4

	
19

	
1

	
0

	
7

	  	  	  	  	  	
1

	
4

	
20

	
1

	
0

	
7

	  	  	  	  	  	
1

	
4

	
21

	
1

	
0

	
6

	  	  	  	  	  	
1

	
4

	
22

	
1

	
0

	
7

	  	  	  	  	  	
1

	
4

	
23

	
1

	
0

	
7

	  	  	  	  	  	
1

	
4

 

	
KEY

	
Senior Loan

Amount(s)

	
Loan Type of Most

Senior Lien

	
Hybrid Period of

Most Senior Lien (in

months)

	
Neg Am Limit of

Most Senior Lien

	
Junior Mortgage

Balance

	
Origination Date of

Most Senior Lien

	
Origination Date

	
Original Loan

Amount

	
Original Interest

Rate

	
Original

Amortization Term

	
1

	
0

	  	  	  	
207000.00

	  	
20110223

	
913000.00

	
0.052500

	
360

	
2

	
0

	  	  	  	
0.00

	  	
20110517

	
650000.00

	
0.052500

	
360

	
3

	
0

	  	  	  	
0.00

	  	
20110620

	
637500.00

	
0.053750

	
360

	
4

	
0

	  	  	  	
0.00

	  	
20110523

	
432000.00

	
0.052500

	
360

	
5

	
0

	  	  	  	
0.00

	  	
20110722

	
805000.00

	
0.052500

	
360

	
6

	
0

	  	  	  	
0.00

	  	
20110318

	
660000.00

	
0.055000

	
360

	
7

	
0

	  	  	  	
0.00

	  	
20110412

	
970000.00

	
0.052500

	
360

	
8

	
0

	  	  	  	
150000.00

	  	
20110524

	
770000.00

	
0.052500

	
360

	
9

	
0

	  	  	  	
0.00

	  	
20100826

	
524950.00

	
0.051250

	
360

	
10

	
0

	  	  	  	
0.00

	  	
20110126

	
767500.00

	
0.055000

	
360

	
11

	
0

	  	  	  	
0.00

	  	
20101221

	
705250.00

	
0.053750

	
360

	
12

	
0

	  	  	  	
0.00

	  	
20110523

	
763000.00

	
0.052500

	
360

	
13

	
0

	  	  	  	
0.00

	  	
20110504

	
1204000.00

	
0.053750

	
360

	
14

	
0

	  	  	  	
0.00

	  	
20110509

	
999650.00

	
0.053750

	
360

	
15

	
0

	  	  	  	
0.00

	  	
20110523

	
1650000.00

	
0.050000

	
360

	
16

	
0

	  	  	  	
0.00

	  	
20110502

	
938400.00

	
0.053750

	
360

	
17

	
0

	  	  	  	
0.00

	  	
20110517

	
999000.00

	
0.053750

	
360

	
18

	
0

	  	  	  	
0.00

	  	
20110612

	
848000.00

	
0.052500

	
360

	
19

	
0

	  	  	  	
0.00

	  	
20110526

	
496000.00

	
0.052500

	
360

	
20

	
0

	  	  	  	
0.00

	  	
20110518

	
551250.00

	
0.055000

	
360

	
21

	
0

	  	  	  	
0.00

	  	
20110524

	
1067500.00

	
0.053750

	
360

	
22

	
0

	  	  	  	
0.00

	  	
20110623

	
472000.00

	
0.052500

	
360

	
23

	
0

	  	  	  	
0.00

	  	
20110714

	
631200.00

	
0.052500

	
360

 

	
KEY

	
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

	
360

	
20110401

	
1

	
0

	
0

	  	
906647.41

	
0.052500

	
5041.62

	
20110901

	
2

	
360

	
20110701

	
1

	
0

	
0

	  	
647753.49

	
0.052500

	
3589.32

	
20110901

	
3

	
360

	
20110801

	
1

	
0

	
0

	  	
636068.10

	
0.053750

	
3569.82

	
20110901

	
4

	
360

	
20110701

	
1

	
0

	
0

	  	
430506.91

	
0.052500

	
2385.52

	
20110901

	
5

	
360

	
20110901

	
1

	
0

	
0

	  	
804076.64

	
0.052500

	
4445.24

	
20110901

	
6

	
360

	
20110501

	
1

	
0

	
0

	  	
656100.94

	
0.055000

	
3747.41

	
20110901

	
7

	
360

	
20110601

	
1

	
0

	
0

	  	
965520.18

	
0.052500

	
5356.38

	
20110901

	
8

	
360

	
20110701

	
1

	
0

	
0

	  	
767338.73

	
0.052500

	
4251.97

	
20110901

	
9

	
360

	
20101001

	
1

	
0

	
0

	  	
517378.10

	
0.051250

	
2858.28

	
20110901

	
10

	
360

	
20110301

	
1

	
0

	
0

	  	
761538.02

	
0.055000

	
4357.78

	
20110901

	
11

	
360

	
20110201

	
1

	
0

	
0

	  	
696819.88

	
0.053750

	
3949.20

	
20110901

	
12

	
360

	
20110701

	
1

	
0

	
0

	  	
760362.94

	
0.052500

	
4213.31

	
20110901

	
13

	
360

	
20110701

	
1

	
0

	
0

	  	
1199934.44

	
0.053750

	
6742.05

	
20110901

	
14

	
360

	
20110701

	
1

	
0

	
0

	  	
996274.47

	
0.053750

	
5597.75

	
20110901

	
15

	
360

	
20110701

	
1

	
0

	
0

	  	
1644027.50

	
0.050000

	
8857.56

	
20110901

	
16

	
360

	
20110701

	
1

	
0

	
0

	  	
935231.29

	
0.053750

	
5254.77

	
20110901

	
17

	
360

	
20110701

	
1

	
0

	
0

	  	
995626.16

	
0.053750

	
5594.11

	
20110901

	
18

	
360

	
20110801

	
1

	
0

	
0

	  	
846050.36

	
0.052500

	
4682.69

	
20110901

	
19

	
360

	
20110701

	
1

	
0

	
0

	  	
494285.73

	
0.052500

	
2738.93

	
20110901

	
20

	
360

	
20110701

	
1

	
0

	
0

	  	
549431.56

	
0.055000

	
3129.94

	
20110901

	
21

	
360

	
20110701

	
1

	
0

	
0

	  	
1063895.36

	
0.053750

	
5977.69

	
20110901

	
22

	
360

	
20110801

	
1

	
0

	
0

	  	
470914.83

	
0.052500

	
2606.40

	
20110901

	
23

	
360

	
20110901

	
1

	
0

	
0

	  	
630475.99

	
0.052500

	
3485.51

	
20110901

 

	
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

	
1

	
0

	
0

	  	  	  	  	  	  	  	  
	
2

	
0

	
0

	  	  	  	  	  	  	  	  
	
3

	
0

	
0

	  	  	  	  	  	  	  	  
	
4

	
0

	
0

	  	  	  	  	  	  	  	  
	
5

	
0

	
0

	  	  	  	  	  	  	  	  
	
6

	
0

	
0

	  	  	  	  	  	  	  	  
	
7

	
0

	
0

	  	  	  	  	  	  	  	  
	
8

	
0

	
0

	  	  	  	  	  	  	  	  
	
9

	
0

	
0

	  	  	  	  	  	  	  	  
	
10

	
0

	
0

	  	  	  	  	  	  	  	  
	
11

	
0

	
0

	  	  	  	  	  	  	  	  
	
12

	
0

	
0

	  	  	  	  	  	  	  	  
	
13

	
0

	
0

	  	  	  	  	  	  	  	  
	
14

	
0

	
0

	  	  	  	  	  	  	  	  
	
15

	
0

	
0

	  	  	  	  	  	  	  	  
	
16

	
0

	
0

	  	  	  	  	  	  	  	  
	
17

	
0

	
0

	  	  	  	  	  	  	  	  
	
18

	
0

	
0

	  	  	  	  	  	  	  	  
	
19

	
0

	
0

	  	  	  	  	  	  	  	  
	
20

	
0

	
0

	  	  	  	  	  	  	  	  
	
21

	
0

	
0

	  	  	  	  	  	  	  	  
	
22

	
0

	
0

	  	  	  	  	  	  	  	  
	
23

	
0

	
0

	  	  	  	  	  	  	  	  

 

	
KEY

	
Subsequent Interest

Rate Cap (Change Down)

	
Subsequent Interest

Rate Cap (Change

Up)

	
Lifetime Maximum

Rate (Ceiling)

	
Lifetime Minimum

Rate (Floor)

	
Negative

Amortization Limit

	
Initial Negative

Amortization Recast

Period

	
Subsequent

Negative

Amortization Recast

Period

	
Initial Fixed

Payment Period

	
Subsequent

Payment Reset

Period

	
Initial Periodic

Payment Cap

	
1

	  	  	  	  	  	  	  	  	  	  
	
2

	  	  	  	  	  	  	  	  	  	  
	
3

	  	  	  	  	  	  	  	  	  	  
	
4

	  	  	  	  	  	  	  	  	  	  
	
5

	  	  	  	  	  	  	  	  	  	  
	
6

	  	  	  	  	  	  	  	  	  	  
	
7

	  	  	  	  	  	  	  	  	  	  
	
8

	  	  	  	  	  	  	  	  	  	  
	
9

	  	  	  	  	  	  	  	  	  	  
	
10

	  	  	  	  	  	  	  	  	  	  
	
11

	  	  	  	  	  	  	  	  	  	  
	
12

	  	  	  	  	  	  	  	  	  	  
	
13

	  	  	  	  	  	  	  	  	  	  
	
14

	  	  	  	  	  	  	  	  	  	  
	
15

	  	  	  	  	  	  	  	  	  	  
	
16

	  	  	  	  	  	  	  	  	  	  
	
17

	  	  	  	  	  	  	  	  	  	  
	
18

	  	  	  	  	  	  	  	  	  	  
	
19

	  	  	  	  	  	  	  	  	  	  
	
20

	  	  	  	  	  	  	  	  	  	  
	
21

	  	  	  	  	  	  	  	  	  	  
	
22

	  	  	  	  	  	  	  	  	  	  
	
23

	  	  	  	  	  	  	  	  	  	  

 

	
KEY

	
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

	
Prepayment Penalty

Calculation

	
Prepayment Penalty

Type

	
Prepayment Penalty

Total Term

	
1

	  	  	  	
0

	  	  	  	  	  	
0

	
2

	  	  	  	
0

	  	  	  	  	  	
0

	
3

	  	  	  	
0

	  	  	  	  	  	
0

	
4

	  	  	  	
0

	  	  	  	  	  	
0

	
5

	  	  	  	
0

	  	  	  	  	  	
0

	
6

	  	  	  	
0

	  	  	  	  	  	
0

	
7

	  	  	  	
0

	  	  	  	  	  	
0

	
8

	  	  	  	
0

	  	  	  	  	  	
0

	
9

	  	  	  	
0

	  	  	  	  	  	
0

	
10

	  	  	  	
0

	  	  	  	  	  	
0

	
11

	  	  	  	
0

	  	  	  	  	  	
0

	
12

	  	  	  	
0

	  	  	  	  	  	
0

	
13

	  	  	  	
0

	  	  	  	  	  	
0

	
14

	  	  	  	
0

	  	  	  	  	  	
0

	
15

	  	  	  	
0

	  	  	  	  	  	
0

	
16

	  	  	  	
0

	  	  	  	  	  	
0

	
17

	  	  	  	
0

	  	  	  	  	  	
0

	
18

	  	  	  	
0

	  	  	  	  	  	
0

	
19

	  	  	  	
0

	  	  	  	  	  	
0

	
20

	  	  	  	
0

	  	  	  	  	  	
0

	
21

	  	  	  	
0

	  	  	  	  	  	
0

	
22

	  	  	  	
0

	  	  	  	  	  	
0

	
23

	  	  	  	
0

	  	  	  	  	  	
0

 

	
KEY

	
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

	
1

	  	
281

	
1

	
2

	
0

	  	
7.00

	
12.60

	
3.70

	
1

	
2

	  	
214

	
1

	
2

	
1

	  	
9.50

	
6.00

	
0.00

	
1

	
3

	  	
415

	
3

	
1

	
1

	  	
3.00

	  	
0.00

	
1

	
4

	  	
290

	
1

	
2

	
0

	  	
10.90

	  	
0.00

	
1

	
5

	  	
456

	
1

	
2

	
1

	  	
2.60

	  	
8.10

	
1

	
6

	  	
42

	
1

	
2

	
0

	  	
9.60

	
8.00

	
0.00

	
1

	
7

	  	
83

	
2

	
2

	
0

	  	
7.10

	
15.10

	
0.00

	
1

	
8

	  	
164

	
1

	
2

	
0

	  	
7.00

	
10.20

	
3.00

	
1

	
9

	  	
463

	
1

	
2

	
1

	  	
30.00

	  	
6.00

	
1

	
10

	  	
80

	
1

	
2

	
0

	  	
8.10

	  	
2.00

	
1

	
11

	  	
228

	
1

	
2

	
0

	  	
7.50

	  	
4.00

	
1

	
12

	  	
394

	
2

	
2

	
0

	  	
0.20

	  	
0.00

	
1

	
13

	  	
265

	
1

	
2

	
0

	  	
8.00

	
11.00

	
11.00

	
1

	
14

	  	
195

	
1

	
2

	
0

	  	
1.30

	  	
0.75

	
1

	
15

	  	
440

	
1

	
2

	
1

	  	
13.00

	
8.00

	
0.00

	
1

	
16

	  	
171

	
1

	
2

	
0

	  	
8.60

	  	
0.00

	
1

	
17

	  	
307

	
1

	
2

	
0

	  	
0.50

	  	
0.00

	
1

	
18

	  	
66

	
2

	
2

	
0

	  	
0.50

	  	
0.00

	
1

	
19

	  	
390

	
1

	
1

	
0

	  	
0.10

	  	
0.00

	
1

	
20

	  	
45

	
1

	
2

	
1

	  	
17.00

	  	
0.00

	
1

	
21

	  	
398

	
1

	
1

	
1

	  	
2.00

	  	
0.00

	
1

	
22

	  	
72

	
1

	
2

	
0

	  	
3.00

	
3.00

	
0.00

	
1

	
23

	  	
210

	
2

	
2

	
0

	  	
1.80

	  	
0.00

	
1

 

	
KEY

	
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

	
1

	
20110825

	  	  	  	  	  	  	
718

	
727

	  
	
2

	  	  	  	  	  	  	  	
775

	  	  
	
3

	  	  	  	  	  	  	  	
732

	  	  
	
4

	  	  	  	  	  	  	  	
737

	  	  
	
5

	  	  	  	  	  	  	  	
773

	  	  
	
6

	
20110825

	  	  	  	  	  	  	
764

	
779

	  
	
7

	  	  	  	  	  	  	  	
781

	  	  
	
8

	  	  	  	  	  	  	  	
738

	  	  
	
9

	
20110825

	  	  	  	  	  	  	
804

	
801

	  
	
10

	
20110825

	  	  	  	  	  	  	
723

	
755

	  
	
11

	
20110825

	  	  	  	  	  	  	
813

	
789

	  
	
12

	  	  	  	  	  	  	  	
770

	  	  
	
13

	  	  	  	  	  	  	  	
773

	  	  
	
14

	  	  	  	  	  	  	  	
780

	  	  
	
15

	  	  	  	  	  	  	  	
783

	  	  
	
16

	  	  	  	  	  	  	  	
748

	  	  
	
17

	  	  	  	  	  	  	  	
802

	  	  
	
18

	  	  	  	  	  	  	  	
778

	  	  
	
19

	  	  	  	  	  	  	  	
761

	  	  
	
20

	  	  	  	  	  	  	  	
796

	  	  
	
21

	  	  	  	  	  	  	  	
733

	  	  
	
22

	  	  	  	  	  	  	  	
751

	  	  
	
23

	  	  	  	  	  	  	  	
779

	  	  

 

 

	
KEY

	
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

	
Credit Report:

Number of Trade

Lines

	
Credit Line Usage

Ratio

	
Most Recent 12-

month Pay History

	
1

	  	  	  	  	  	  	  	  	  	
000000000000

	
2

	  	  	  	  	  	  	  	  	  	
000000000000

	
3

	  	  	  	  	  	  	  	  	  	
000000000000

	
4

	  	  	  	  	  	  	  	  	  	
000000000000

	
5

	  	  	  	  	  	  	  	  	  	
000000000000

	
6

	  	  	  	  	  	  	  	  	  	
000000000000

	
7

	  	  	  	  	  	  	  	  	  	
000000000000

	
8

	  	  	  	  	  	  	  	  	  	
000000000000

	
9

	  	  	  	  	  	  	  	  	  	
000000000000

	
10

	  	  	  	  	  	  	  	  	  	
000000000000

	
11

	  	  	  	  	  	  	  	  	  	
000000000000

	
12

	  	  	  	  	  	  	  	  	  	
000000000000

	
13

	  	  	  	  	  	  	  	  	  	
000000000000

	
14

	  	  	  	  	  	  	  	  	  	
000000000000

	
15

	  	  	  	  	  	  	  	  	  	
000000000000

	
16

	  	  	  	  	  	  	  	  	  	
000000000000

	
17

	  	  	  	  	  	  	  	  	  	
000000000000

	
18

	  	  	  	  	  	  	  	  	  	
000000000000

	
19

	  	  	  	  	  	  	  	  	  	
000000000000

	
20

	  	  	  	  	  	  	  	  	  	
000000000000

	
21

	  	  	  	  	  	  	  	  	  	
000000000000

	
22

	  	  	  	  	  	  	  	  	  	
000000000000

	
23

	  	  	  	  	  	  	  	  	  	
000000000000

 

	
KEY

	
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

	
1

	  	  	
10911.00

	
10433.00

	
0.00

	
15840.00

	
21344.00

	
37184.00

	
Y

	
5

	
2

	  	  	
20000.00

	
7466.55

	
0.00

	
0.00

	
27466.55

	
27466.55

	
Y

	
5

	
3

	  	  	
0.00

	  	
35615.00

	  	
0.00

	
35615.00

	
Y

	
5

	
4

	  	  	
9903.90

	  	
0.00

	  	
9903.90

	
9903.90

	
Y

	
5

	
5

	  	  	
19792.00

	  	
-742.00

	  	
19792.00

	
19050.00

	
Y

	
4

	
6

	  	  	
6667.00

	
7233.00

	
9776.00

	
0.00

	
13900.00

	
23676.00

	
Y

	
5

	
7

	  	  	
27228.00

	
1899.00

	
293.00

	
842.00

	
29127.00

	
30262.00

	
Y

	
5

	
8

	  	  	
0.00

	
19593.00

	
1957.00

	
-514.00

	
19593.00

	
21036.00

	
Y

	
5

	
9

	  	  	
24182.00

	  	
1355.00

	  	
24182.00

	
25537.00

	
Y

	
4

	
10

	  	  	
17250.00

	  	
13753.00

	  	
17250.00

	
31003.00

	
Y

	
5

	
11

	  	  	
33333.00

	  	
0.00

	  	
33333.00

	
33333.00

	
Y

	
5

	
12

	  	  	
33333.33

	  	
0.00

	  	
33333.33

	
33333.33

	
Y

	
5

	
13

	  	  	
6986.53

	
24150.00

	
0.00

	
0.00

	
31136.53

	
31136.53

	
Y

	
5

	
14

	  	  	
32924.00

	  	
-923.00

	  	
32924.00

	
32001.00

	
Y

	
5

	
15

	  	  	
40018.00

	
8571.00

	
0.00

	
0.00

	
48589.00

	
48589.00

	
Y

	
5

	
16

	  	  	
12500.00

	  	
12833.00

	  	
12500.00

	
25333.00

	
Y

	
5

	
17

	  	  	
31250.00

	  	
0.00

	  	
31250.00

	
31250.00

	
Y

	
5

	
18

	  	  	
18333.33

	  	
0.00

	  	
18333.33

	
18333.33

	
Y

	
5

	
19

	  	  	
15000.00

	  	
0.00

	  	
15000.00

	
15000.00

	
Y

	
5

	
20

	  	  	
36784.00

	  	
0.00

	  	
36784.00

	
36784.00

	
Y

	
5

	
21

	  	  	
0.00

	  	
40227.00

	  	
0.00

	
40227.00

	
Y

	
4

	
22

	  	  	
4555.03

	
10339.64

	
0.00

	
667.00

	
14894.67

	
15561.67

	
Y

	
5

	
23

	  	  	
17195.16

	  	
-112.46

	  	
17195.16

	
17082.70

	
Y

	
5

 

	
KEY

	
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

	
Fully Indexed Rate

	
Qualification

Method

	
1

	  	
3

	  	
4

	  	
521169.52

	
8771.85

	
0.235904

	  	
1

	
2

	  	
3

	  	
4

	  	
192716.32

	
8214.08

	
0.299058

	  	
1

	
3

	  	
3

	  	
4

	  	
73702.67

	
9324.26

	
0.261807

	  	
1

	
4

	  	
3

	  	
4

	  	
69045.40

	
3916.82

	
0.395483

	  	
1

	
5

	  	
3

	  	
4

	  	
58366.48

	
7217.50

	
0.378871

	  	
1

	
6

	  	
3

	  	
4

	  	
149947.04

	
5847.75

	
0.246991

	  	
1

	
7

	  	
3

	  	
4

	  	
233426.01

	
8637.59

	
0.285427

	  	
1

	
8

	  	
3

	  	
4

	  	
166517.20

	
6957.61

	
0.330748

	  	
1

	
9

	  	
3

	  	
4

	  	
52785.57

	
4396.51

	
0.172162

	  	
1

	
10

	  	
3

	  	
4

	  	
153105.80

	
7612.74

	
0.245548

	  	
1

	
11

	  	
3

	  	
4

	  	
40187.91

	
7693.96

	
0.230821

	  	
1

	
12

	  	
3

	  	
4

	  	
331822.38

	
6666.00

	
0.199980

	  	
1

	
13

	  	
3

	  	
4

	  	
315836.13

	
8917.80

	
0.286410

	  	
1

	
14

	  	
3

	  	
4

	  	
1044175.26

	
8983.68

	
0.280731

	  	
1

	
15

	  	
3

	  	
4

	  	
953142.53

	
14099.89

	
0.290187

	  	
1

	
16

	  	
3

	  	
4

	  	
258242.43

	
10509.68

	
0.414861

	  	
1

	
17

	  	
3

	  	
4

	  	
269618.20

	
10445.79

	
0.334265

	  	
1

	
18

	  	
3

	  	
4

	  	
248958.37

	
8174.08

	
0.445859

	  	
1

	
19

	  	
3

	  	
4

	  	
248074.72

	
5738.12

	
0.382541

	  	
1

	
20

	  	
3

	  	
4

	  	
132126.37

	
8326.19

	
0.226354

	  	
1

	
21

	  	
3

	  	
4

	  	
204147.86

	
8074.05

	
0.200712

	  	
1

	
22

	  	
3

	  	
4

	  	
20586.11

	
6246.10

	
0.401377

	  	
1

	
23

	  	
3

	  	
4

	  	
83042.53

	
5202.33

	
0.304538

	  	
1

 

	
KEY

	
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

	
0.000000

	  	
Mercer Island

	
WA

	
98040

	
7

	
1

	  	
1400000.00

	
3

	
20101229

	
2

	
100.000000

	  	
Bainbridge Island

	
WA

	
98110

	
7

	
1

	
812500.00

	
900000.00

	
3

	
20110511

	
3

	
100.000000

	  	
Spokane

	
WA

	
99206

	
1

	
1

	
850000.00

	
900000.00

	
3

	
20110517

	
4

	
100.000000

	  	
Portland

	
OR

	
97229

	
1

	
1

	
540000.00

	
545000.00

	
3

	
20110513

	
5

	
0.000000

	  	
Missoula

	
MT

	
59804

	
1

	
1

	  	
1015000.00

	
3

	
20110620

	
6

	
100.000000

	  	
DALLAS

	
TX

	
75229

	
1

	
1

	
880000.00

	
880000.00

	
3

	
20110311

	
7

	
100.000000

	  	
HUNTINGTON BEACH

	
CA

	
92648

	
7

	
1

	
1435000.00

	
1435000.00

	
3

	
20110404

	
8

	
0.000000

	  	
CHICAGO

	
IL

	
60613

	
1

	
1

	  	
1150000.00

	
3

	
20110418

	
9

	
0.000000

	  	
HEATH

	
TX

	
75032

	
7

	
1

	  	
715000.00

	
3

	
20100819

	
10

	
0.000000

	  	
FUQUAY VARINA

	
NC

	
27526

	
1

	
1

	  	
1100000.00

	
3

	
20101210

	
11

	
0.000000

	  	
ALLEN

	
TX

	
75013

	
7

	
1

	  	
895000.00

	
3

	
20101209

	
12

	
100.000000

	  	
BATON ROUGE

	
LA

	
70808

	
1

	
1

	
1090000.00

	
1130000.00

	
3

	
20110427

	
13

	
0.000000

	  	
ARCADIA

	
CA

	
91006

	
1

	
1

	  	
1720000.00

	
3

	
20110329

	
14

	
0.000000

	  	
UNIVERSITY PARK

	
TX

	
75225

	
1

	
1

	  	
1560000.00

	
3

	
20110421

	
15

	
100.000000

	  	
NEWPORT COAST

	
CA

	
92657

	
3

	
1

	
2200000.00

	
2200000.00

	
3

	
20110429

	
16

	
100.000000

	  	
SAN ANTONIO

	
TX

	
78257

	
7

	
1

	
1173000.00

	
1250000.00

	
3

	
20110426

	
17

	
100.000000

	  	
GLENCOE

	
IL

	
60022

	
1

	
1

	
1260000.00

	
1300000.00

	
3

	
20110428

	
18

	
100.000000

	  	
TERRELL HILLS

	
TX

	
78209

	
1

	
1

	
1060000.00

	
1100000.00

	
3

	
20110426

	
19

	
100.000000

	  	
DALLAS

	
TX

	
75287

	
7

	
1

	
620000.00

	
650000.00

	
3

	
20110511

	
20

	
100.000000

	  	
DESTIN

	
FL

	
32541

	
7

	
2

	
735000.00

	
750000.00

	
3

	
20110507

	
21

	
100.000000

	  	
PARADISE VALLEY

	
AZ

	
85253

	
7

	
1

	
1525000.00

	
1600000.00

	
3

	
20110512

	
22

	
100.000000

	  	
AUSTIN

	
TX

	
78731

	
1

	
1

	
590000.00

	
610000.00

	
3

	
20110607

	
23

	
40.520000

	  	
WINCHESTER

	
MA

	
1890

	
1

	
1

	
789000.00

	
790000.00

	
3

	
20110620

 

	
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

	
1

	  	  	  	  	  	  	  	
0.800000

	
0.652143

	
0

	
2

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
3

	  	  	  	  	  	  	  	
0.750000

	
0.750000

	
0

	
4

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
5

	  	  	  	  	  	  	  	
0.793103

	
0.793103

	
0

	
6

	  	  	  	  	  	  	  	
0.750000

	
0.750000

	
0

	
7

	  	  	  	  	  	  	  	
0.675958

	
0.675958

	
0

	
8

	  	  	  	  	  	  	  	
0.800000

	
0.669565

	
0

	
9

	  	  	  	  	  	  	  	
0.734196

	
0.734196

	
0

	
10

	  	  	  	  	  	  	  	
0.697727

	
0.697727

	
0

	
11

	  	  	  	  	  	  	  	
0.787989

	
0.787989

	
0

	
12

	  	  	  	  	  	  	  	
0.700000

	
0.700000

	
0

	
13

	  	  	  	  	  	  	  	
0.700000

	
0.700000

	
0

	
14

	  	  	  	  	  	  	  	
0.640801

	
0.640801

	
0

	
15

	  	  	  	  	  	  	  	
0.750000

	
0.750000

	
0

	
16

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
17

	  	  	  	  	  	  	  	
0.792857

	
0.792857

	
0

	
18

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
19

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
20

	  	  	  	  	  	  	  	
0.750000

	
0.750000

	
0

	
21

	  	  	  	  	  	  	  	
0.700000

	
0.700000

	
0

	
22

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

	
23

	  	  	  	  	  	  	  	
0.800000

	
0.800000

	
0

 

	
KEY

	
Mortgage Insurance

Company Name

	
Mortgage Insurance

Percent

	
MI: Lender or

Borrower Paid?

	
Pool Insurance Co.

Name

	
Pool Insurance Stop

Loss %

	
MI Certificate

Number

	
Updated DTI

(Front-end)

	
Updated DTI

(Back-end)

	
Modification

Effective Payment

Date

	
Total Capitalized

Amount

	
1

	  	
0

	  	  	  	  	  	  	  	  
	
2

	  	
0

	  	  	  	  	  	  	  	  
	
3

	  	
0

	  	  	  	  	  	  	  	  
	
4

	  	
0

	  	  	  	  	  	  	  	  
	
5

	  	
0

	  	  	  	  	  	  	  	  
	
6

	  	
0

	  	  	  	  	  	  	  	  
	
7

	  	
0

	  	  	  	  	  	  	  	  
	
8

	  	
0

	  	  	  	  	  	  	  	  
	
9

	  	
0

	  	  	  	  	  	  	  	  
	
10

	  	
0

	  	  	  	  	  	  	  	  
	
11

	  	
0

	  	  	  	  	  	  	  	  
	
12

	  	
0

	  	  	  	  	  	  	  	  
	
13

	  	
0

	  	  	  	  	  	  	  	  
	
14

	  	
0

	  	  	  	  	  	  	  	  
	
15

	  	
0

	  	  	  	  	  	  	  	  
	
16

	  	
0

	  	  	  	  	  	  	  	  
	
17

	  	
0

	  	  	  	  	  	  	  	  
	
18

	  	
0

	  	  	  	  	  	  	  	  
	
19

	  	
0

	  	  	  	  	  	  	  	  
	
20

	  	
0

	  	  	  	  	  	  	  	  
	
21

	  	
0

	  	  	  	  	  	  	  	  
	
22

	  	
0

	  	  	  	  	  	  	  	  
	
23

	  	
0

	  	  	  	  	  	  	  	  

 

	
KEY

	
Total Deferred

Amount

	
Pre-Modification

Interest (Note) Rate

	
Pre-Modification P&I

Payment

	
Pre-Modification

Initial Interest Rate

Change Downward

Cap

	
Pre-Modification

Subsequent Interest

Rate Cap

	
Pre-Modification

Next Interest Rate

Change Date

	
Pre-Modification I/O

Term

	
Forgiven Principal

Amount

	
1

	  	  	  	  	  	  	  	  
	
2

	  	  	  	  	  	  	  	  
	
3

	  	  	  	  	  	  	  	  
	
4

	  	  	  	  	  	  	  	  
	
5

	  	  	  	  	  	  	  	  
	
6

	  	  	  	  	  	  	  	  
	
7

	  	  	  	  	  	  	  	  
	
8

	  	  	  	  	  	  	  	  
	
9

	  	  	  	  	  	  	  	  
	
10

	  	  	  	  	  	  	  	  
	
11

	  	  	  	  	  	  	  	  
	
12

	  	  	  	  	  	  	  	  
	
13

	  	  	  	  	  	  	  	  
	
14

	  	  	  	  	  	  	  	  
	
15

	  	  	  	  	  	  	  	  
	
16

	  	  	  	  	  	  	  	  
	
17

	  	  	  	  	  	  	  	  
	
18

	  	  	  	  	  	  	  	  
	
19

	  	  	  	  	  	  	  	  
	
20

	  	  	  	  	  	  	  	  
	
21

	  	  	  	  	  	  	  	  
	
22

	  	  	  	  	  	  	  	  
	
23

	  	  	  	  	  	  	  	  

 

	
KEY

	
Forgiven Interest

Amount

	
Number of

Modifications

	
Cash To/From Brrw at Closing

	
Brrw - Yrs at in Industry

	
CoBrrw - Yrs at in Industry

	
Junior Mortgage Drawn Amount

	
Maturity Date

	
Primary Borrower Wage Income (Salary)

	
1

	  	  	  	
8

	
23

	
207000.00

	
3/1/2041

	
10911.00

	
2

	  	  	  	
9.5

	
6

	
0.00

	
6/1/2041

	
20000.00

	
3

	  	  	  	
3

	  	
0.00

	
7/1/2041

	  
	
4

	  	  	  	
10.9

	  	
0.00

	
6/1/2041

	
9903.90

	
5

	  	  	  	
20

	  	
0.00

	
8/1/2041

	
19792.00

	
6

	  	  	  	
9.6

	
12

	
0.00

	
4/1/2041

	
6667.00

	
7

	  	  	  	
14

	
15.1

	
0.00

	
5/1/2041

	
27228.00

	
8

	  	  	  	
15

	
10.2

	
150000.00

	
6/1/2041

	  
	
9

	  	  	  	
30

	  	
0.00

	
9/1/2040

	
24182.00

	
10

	  	  	  	
10

	  	
0.00

	
2/1/2041

	
17250.00

	
11

	  	  	  	
7.5

	  	
0.00

	
1/1/2041

	
33333.00

	
12

	  	  	  	
23

	  	
0.00

	
6/1/2041

	
33333.33

	
13

	  	  	  	
15

	
13

	
0.00

	
6/1/2041

	
6986.53

	
14

	  	  	  	
15

	  	
0.00

	
6/1/2041

	
32924.00

	
15

	  	  	  	
14

	
22

	
0.00

	
6/1/2041

	
40018.00

	
16

	  	  	  	
9.5

	  	
0.00

	
6/1/2041

	
12500.00

	
17

	  	  	  	
4

	  	
0.00

	
6/1/2041

	
31250.00

	
18

	  	  	  	
7

	  	
0.00

	
7/1/2041

	
18333.33

	
19

	  	  	  	
5

	  	
0.00

	
6/1/2041

	
15000.00

	
20

	  	  	  	
20

	  	
0.00

	
6/1/2041

	
36784.00

	
21

	  	  	  	
11

	  	
0.00

	
6/1/2041

	  
	
22

	  	  	  	
12

	
15

	
0.00

	
7/1/2041

	
4555.03

	
23

	  	  	  	
1.8

	  	
0.00

	
8/1/2041

	
17195.16

 

	
KEY

	
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

	  	  	
10433.00

	  	
15840.00

	
Full

	
2 years

	
2 Months

	
2

	  	  	
7466.55

	  	  	
Full

	
2 years

	
2 Months

	
3

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
4

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
5

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
6

	
9776.00

	  	
7233.00

	  	  	
Full

	
2 years

	
2 Months

	
7

	  	  	
1899.00

	  	  	
Full

	
2 years

	
2 Months

	
8

	  	  	
19593.00

	  	  	
Full

	
2 years

	
2 Months

	
9

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
10

	
13753.00

	  	  	  	  	
Full

	
2 years

	
2 Months

	
11

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
12

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
13

	  	  	
24150.00

	  	  	
Full

	
2 years

	
2 Months

	
14

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
15

	  	  	
8571.00

	  	  	
Full

	
2 years

	
2 Months

	
16

	  	
12833.00

	  	  	  	
Full

	
2 years

	
2 Months

	
17

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
18

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
19

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
20

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
21

	  	  	  	  	  	
Full

	
2 years

	
2 Months

	
22

	  	  	
10339.64

	
667.00

	  	
Full

	
2 years

	
2 Months

	
23

	  	  	  	  	  	
Full

	
2 years

	
2 Months

 

  

  

  

 

	
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 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**)

	
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**)

	
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

	  

 

  

I-1

  

APPENDIX A

 

MODIFICATIONS TO THE FLOW SALE AND SERVICING AGREEMENT

 

1.           The definition of “Business Day” in Section 1 of the Agreement is hereby deleted in its entirety and replaced with the following:

 

“Business Day:  Any day other than (i) a Saturday or a Sunday, (ii) a legal holiday in the State of New York, the State of Utah 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, the State of Utah 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.”

	
  

	
2.

	
The definition of “Assumed Principal Balance” is hereby revised to read as follows:

 

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

 

	
  

	
3.

	
The definition of “Closing Date” is hereby revised to read as follows:

 

“Closing Date:  September 27, 2011, except with respect to the first paragraph of Section 3 and the Bill of Sale and Servicer Acknowledgement(s).”

 

4.           The definition of “Cut-off Date” is hereby revised to read as follows:

 

“Cut-off Date:  September 1, 2011, except with respect to the first paragraph of Section 3 and the Bill of Sale and Servicer Acknowledgement(s).”

 

	
  

	
5.

	
The definition of “First Remittance Date” is hereby revised to read as follows:

 

	
  

	
“First Remittance Date:  October 25, 2011.”

  

A-1

  

6.           Each of the following definitions is hereby inserted in Section 1 of the Agreement in its appropriate alphabetical order:

 

“Full Prepayment:  Any payment of the entire principal balance of a Mortgage Loan that is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.”

 

 “Partial Prepayment:  Any payment of principal on a Mortgage Loan, other than a Full Prepayment, which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.”

 

“P&I Advance: As defined in Section 11.17.”

 

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

 

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

 

  

A-2

  

 

	
  

	
7.

	
Subsection 11.01, fifth paragraph is revised to read as follows:

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

8.           Subsection 11.04, first sentence of the first paragraph is revised to read as follows:

 

“The Servicer shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Collection Accounts (collectively, the “Collection Account”), titled “U.S. Bank National Association, in trust for the holders of Sequoia Mortgage Trust 2011-2 Mortgage Pass-Through Certificates.”

  

A-3

  

9.           Subsection 11.04, subclause (f) of the second paragraph is revised to read as follows:

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

10.         The following new subclause (j) is added immediately following subclause (i) thereof in Subsection 11.04:

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

 

11.         Notwithstanding anything to the contrary in the Flow Sale and Servicing Agreement, any Custodial Accounts established by the Servicer pursuant to Subsection 11.04 of the Flow Sale and Servicing Agreement shall qualify as Eligible Accounts as defined in the Pooling and Servicing Agreement.

12.         Subsection 11.05 is revised to read as follows:

 

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

 

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

 

(b)          to reimburse itself for P&I Advances, the Servicer’s right to reimburse itself pursuant to this subclause (b) with respect to any Mortgage Loan being limited to related Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds and such other amounts as may be collected by the Servicer from the related Mortgagor or otherwise relating to the Mortgage Loan, it being understood that, in the case of any such reimbursement, the Servicer’s right thereto shall be prior to the rights of the Owner with respect to such Mortgage Loan;

  

A-4

  

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

 

(d)          to reimburse itself for unreimbursed Servicing Advances and for unreimbursed P&I Advances, to the extent that such amounts are nonrecoverable (as certified by the Servicer to the Owner in an Officer’s Certificate) by the Servicer pursuant to subclause (b) or (c) above;

 

(e)          to reimburse itself for P&I Advances and Servicing Advances that were added to the outstanding principal balance of a Mortgage Loan in connection with a modification of such Mortgage Loan to capitalize arrearages;

 

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

 

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

 

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

 

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

 

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

 

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

13.          (a)           Subsection 11.13 is revised by deleting the first sentence and replacing it in its entirety with the following:

“Subject to Subsection 11.02, in the event that title to the Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure, the deed or certificate of sale shall be taken in the name of the trust created by the Pooling and Servicing Agreement, where permitted by applicable law or regulation and Consistent with Customary Servicing Procedures, and otherwise, in the name of the trustee of the Trust or its nominee.”

(b)           Subsection 11.13 is further revised to add the following paragraphs at the end of the section:

  

A-5

  

“The REO Property must be sold within three years following the end of the calendar year of the date of acquisition if a REMIC election has been made with respect to the arrangement under which the Mortgage Loans and REO Property are held, unless (i) the Owner shall have been supplied with an Opinion of Counsel (at the Servicer’s expense) to the effect that the holding by the related trust of such Mortgaged Property subsequent to such three-year period (and specifying the period beyond such three-year period for which the Mortgaged Property may be held) will not result in the imposition of taxes on “prohibited transactions” of the related trust as defined in Section 860F of the Code, or cause the related REMIC to fail to qualify as a REMIC, in which case the related trust may continue to hold such Mortgaged Property (subject to any conditions contained in such Opinion of Counsel), or (ii) the Owner (at the Servicer’s expense) or the Servicer shall have applied for, prior to the expiration of such three-year period, an extension of such three-year period in the manner contemplated by Section 856(e)(3) of the Code, in which case the three-year period shall be extended by the applicable period.  If a period longer than three years is permitted under the foregoing sentence and is necessary to sell any REO Property, the Servicer shall report monthly to the Owner as to progress being made in selling such REO Property.

Notwithstanding any other provision of this Agreement, if a REMIC election has been made, no Mortgaged Property held by a REMIC shall be rented (or allowed to continue to be rented) or otherwise used for the production of income by or on behalf of the related trust or sold in such a manner or pursuant to any terms that would (i) cause such Mortgaged Property to fail to qualify at any time as “foreclosure property” within a meaning of Section 860G(a)(8) of the Code, (ii) subject to the related trust to the imposition of any federal or state income taxes on “net income from foreclosure property” with respect to such Mortgaged Property within the meaning of Section 860G(c) of the Code, or (iii) cause the sale of such Mortgaged Property to result in the receipt by the related trust or any income from non-permitted assets as described in Section 860F(a) (2)(B) of the Code, unless the Servicer has agreed to indemnify and hold harmless the related trust with respect to the imposition of any such taxes.”

 

14.          Subsection 11.15, first paragraph is revised to read as follows:

 

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

  

A-6

  

 

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

15.          Subsection 11.16, first sentence of the first paragraph is revised to read as follows:

“Not later than the tenth (10th) day of each month, the Servicer shall forward to the Owner in an electronic format statements, in substantially the same forms as, and providing the information described in, Exhibit 3 hereto; or as otherwise mutually agreed to by Servicer and the Master Servicer.”

16.          Subsection 11.17 is revised to read as follows:

“Subsection 11.17           Advances by the Servicer.

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

  

A-7

  

17.          The Flow Sale and Servicing Agreement is modified by adding a new Subsection 11.25 which reads as follows:

“Subsection 11.25 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.”

18.          The Flow Sale and Servicing Agreement is modified by replacing Subsection 12.04 with the following:

“Subsection 12.04         Servicer Not to Resign.

The Servicer shall not assign this Agreement or resign from the obligations and duties hereby imposed on it except by mutual consent of the Servicer and the Owner or upon the determination that the Servicer’s duties hereunder are no longer permissible under applicable law and such incapacity cannot be cured by the Servicer.  No such resignation of or assignment by the Servicer shall become effective until a successor has assumed the Servicer’s responsibilities and obligations hereunder in accordance with Subsection 14.02.”

19.          Section 13.03 of the Flow Sale and Servicing Agreement is deleted in its entirety.

  

A-8Unassociated Document

 

EXHIBIT 10.8

 

ASSIGNMENT OF REPRESENTATIONS AND WARRANTIES AGREEMENT

This is an Assignment of Representations and Warranties Agreement (the “Agreement”) made as of the 27th day of September, 2011, 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 September 1, 2011 (the “Pooling and Servicing Agreement”), and PrimeLending, a PlainsCapital Company, a Texas corporation (“PrimeLending”).

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”) are subject to the terms of the Flow Mortgage Loan Purchase and Sale Agreement dated as of January 30, 2011, between Assignor and PrimeLending (the “Purchase 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 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

1.           Assignor hereby grants, transfers and assigns to Depositor all of its right, title and interest in, to and under the representations and warranties made by PrimeLending pursuant to the Purchase Agreement to the extent relating to the Mortgage Loans, and Depositor hereby accepts such assignment from Assignor.

2.           Depositor hereby grants, transfers and assigns to Assignee all of its right, title and interest in, to and under the representations and warranties made by PrimeLending pursuant to the Purchase Agreement to the extent relating to the Mortgage Loans, and Assignee hereby accepts such assignment from Depositor.

3.           PrimeLending hereby acknowledges the foregoing assignments.

Representations and Warranties

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

(a)            Attached hereto as Attachment 2 is a true and accurate copy of the Purchase 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 and rights under the Purchase 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 and rights to Assignee as contemplated herein, Assignee shall have good title to all of Assignee's interests and rights under the Purchase 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 PrimeLending with respect to the Purchase Agreement;

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

(e)            Assignor has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein.  The consummation of the transactions contemplated by this Agreement is in the ordinary course of Assignor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Assignor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Assignor is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Assignor or its property is subject.  The execution, delivery and performance by Assignor of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Assignor.  This Agreement has been duly executed and delivered by Assignor and, upon the due authorization, execution and delivery by Assignee, 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.

5.           Depositor warrants and represents to, and covenants with, Assignor, Assignee and PrimeLending 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;

 

  

2

  

(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.

6.           Assignee warrants and represents to, and covenants with, Assignor, Depositor and PrimeLending 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 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.

 

  

3

  

 

7.            PrimeLending 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 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)            PrimeLending 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 perform its obligations under the Purchase Agreement;

(c)            PrimeLending 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 PrimeLending’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of PrimeLending’s charter or by-laws or any legal restriction, or any material agreement or instrument to which PrimeLending 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 PrimeLending or its property is subject.  The execution, delivery and performance by PrimeLending 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 PrimeLending.  This Agreement has been duly executed and delivered by PrimeLending and, upon the due authorization, execution and delivery by Assignor, Assignee and the Depositor, will constitute the valid and legally binding obligation of PrimeLending enforceable against PrimeLending in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and

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

Restated PrimeLending Representations and Warranties

8.           Pursuant to Section 32(d) of the Purchase Agreement, PrimeLending hereby restates to Depositor and Assignee (a) the representations and warranties set forth in Subsection 7.01 of the Purchase Agreement as of the related Closing Date and (b) the representations and warranties set forth in Subsection 7.02 of the Purchase 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 Purchase Agreement, including, without limitation, the right to compel PrimeLending to repurchase Mortgage Loans pursuant to Section 7.03 of the Purchase Agreement, subject to the provisions of Section 10.

 

  

4

  

Recognition of Assignee

9.           From and after the date hereof, subject to Section 10 below, PrimeLending shall recognize Assignee as owner of the Mortgage Loans and will perform its obligations hereunder for the benefit of the Assignee in accordance with the Purchase Agreement, as modified hereby or as may be amended from time to time, as if Assignee and PrimeLending had entered into a separate purchase agreement for the purchase of the Mortgage Loans in the form of the Purchase Agreement, the terms of which are incorporated herein by reference, as amended by this Agreement.

Enforcement of Rights

10.          (a)            Controlling Holder Rights.  PrimeLending 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 exercise all of Assignee's rights as Purchaser under each of the following sections of the Purchase Agreement:

Purchase Agreement:

 

	
Section or Subsection

	  	
Matter

	  	  	  
	
6.03

	  	
Delivery of Mortgage Loan Documents

	  	  	  
	
7.03, other than 7.03(c)

	
  

	
Repurchase and Substitution

(b)            If any Affiliate of the Depositor is no longer the Controlling Holder under the Pooling and Servicing Agreement, then all rights that are to be exercised by the Controlling Holder pursuant to Section 10(a) shall be exercised by Assignee.

 

  

5

  

 

Amendments to Purchase Agreement

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

 

(a)            Definitions.

(i)           The definitions of “Arbitration,” “Business Day” and “Repurchase Price” set forth in Section 1 of the Purchase Agreement shall be deleted and replaced in their entirety as follows:

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 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.

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 Interest 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 for future distribution in connection with such Mortgage Loan.

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

Miscellaneous

12.         All demands, notices and communications related to the Mortgage Loans, the Purchase 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 PrimeLending,

PrimeLending, a PlainsCapital Company

18111 Preston Road, Suite 900

Dallas, Texas  75252

Attention:  Mr. Scott Eggen, SVP

Phone: 972-248-7866

with a copy to the General Counsel at the same address

 

  

6

  

	
  

	
(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 2011-2

	
  

	
(c)

	
In the case of Depositor,

Sequoia Residential Funding, Inc.

One Belvedere Place, Suite 360

Mill Valley, California 94941

Attention: William Moliski

with a copy to

General Counsel at the same address

	
  

	
(d)

	
In the case of Assignor,

Redwood Residential Acquisition Corporation

One Belvedere Place, Suite 360

Mill Valley, California 94941

Attention: William Moliski

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 2011-2

 

  

7

  

	
  

	
(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

13.         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.

14.         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.

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

16.         This Agreement shall survive the conveyance of the Mortgage Loans, the assignment of the representations and warranties made by PrimeLending pursuant to the Purchase Agreement to the extent of the Mortgage Loans by Assignor to Depositor and by Depositor to Assignee, and the termination of the Purchase Agreement.

17.         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.

18.         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.  PrimeLending hereby consents to such exercise and enforcement. 

 

  

8

  

19.         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 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 Assignor under the Purchase Agreement, as modified or supplemented by this 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.

20.         Master Servicer.  PrimeLending hereby acknowledges that the Assignee has appointed Wells Fargo Bank, N.A. to act as master servicer and securities administrator under the Pooling and Servicing Agreement and hereby agrees to treat all inquiries, demands, instructions, authorizations and other communications from the Master Servicer as if the same had been received from the Assignee.  The Master Servicer, acting on behalf of the Assignee, shall have the rights of the Assignee as the Purchaser under this Agreement, including, without limitation, the right to enforce the obligations of PrimeLending hereunder and under the Purchase Agreement and the right to exercise the remedies of the Purchaser hereunder and under the Purchase Agreement.

PrimeLending 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 #83707500, Sequoia Mortgage Trust 2011-2 Certificate Distribution Account

 

21.         PrimeLending acknowledges that the custodian will be Wells Fargo Bank, N.A. acting pursuant to the Custodial Agreement.  Notwithstanding Section 10 of the Purchase Agreement, PrimeLending 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 Purchase Agreement.

 

  

9

  

22.         Rule 17g-5 Compliance.  PrimeLending hereby agrees that it shall provide information with respect to the Mortgage Loans or the origination 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 2011-2” and an identification of the type of information being provided in the body of such electronic mail.  The Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information Provider”) shall notify PrimeLending in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider.  PrimeLending 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 22 prohibit or restrict oral or written communications, or providing information, between PrimeLending, 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 PrimeLending or (ii) such Rating Agency’s or NRSRO’s evaluation of PrimeLending’s operations in general; provided, however, that PrimeLending 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.

 

  

10

  

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

	  	  
	  	
PRIMELENDING, A PLAINSCAPITAL COMPANY

	  	  
	  	
By:

	/s/ Scott Eggen
	  	
Name:

	Scott Eggen
	  	
Title:

	SVP Capital Markets

	
Accepted and agreed to by:

	  
	  	  
	
WELLS FARGO BANK, N.A.

	  
	
Master Servicer

	  
	  	  
	
By:

	 
/s/ Graham M. Oglesby

	  
	
Name:

	 
Graham M. Oglesby

	  
	
Title:

	 
Vice President

	  

 

  

11

  

ATTACHMENT 1

MORTGAGE LOAN SCHEDULE

 

  

12

  

 

	
Primary Servicer

	  	
Primary Servicer Name

	  	
Servicing Fee %

	  	
Servicing Fee—Flatdollar

	  	
Servicing Advance Methodology

	  	
Originator

	  	
Loan Group

	  	
Loan Number

	  	
sellernumber

	  	
Amortization Type

	  	
Lien Position

	  	
HELOC Indicator

	  	
Loan Purpose

	  	
Cash Out Amount

	  	
Total Origination and Discount Points

	  	
Covered/High Cost Loan Indicator

	  	
Relocation Loan Indicator

	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000555

	  	
2001707827

	  	
1

	  	
1

	  	
0

	  	
7

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000606

	  	
2153601039

	  	
1

	  	
1

	  	
0

	  	
7

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000626

	  	
3006612689

	  	
1

	  	
1

	  	
0

	  	
9

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000644

	  	
3006610638

	  	
1

	  	
1

	  	
0

	  	
9

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000646

	  	
6001600492

	  	
1

	  	
1

	  	
0

	  	
9

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000647

	  	
6004600154

	  	
1

	  	
1

	  	
0

	  	
9

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000648

	  	
2027601912

	  	
1

	  	
1

	  	
0

	  	
7

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000658

	  	
2151600924

	  	
1

	  	
1

	  	
0

	  	
9

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000770

	  	
2001708109

	  	
1

	  	
1

	  	
0

	  	
9

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000789

	  	
2153601081

	  	
1

	  	
1

	  	
0

	  	
7

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000793

	  	
2017604292

	  	
1

	  	
1

	  	
0

	  	
7

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000798

	  	
2097600717

	  	
1

	  	
1

	  	
0

	  	
6

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000826

	  	
2017604222

	  	
1

	  	
1

	  	
0

	  	
7

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000827

	  	
20631100094

	  	
1

	  	
1

	  	
0

	  	
7

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000838

	  	
2131700653

	  	
1

	  	
1

	  	
0

	  	
7

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000862

	  	
2036601577

	  	
1

	  	
1

	  	
0

	  	
6

	  	  	  	  	  	  	  	  
	
1000938

	  	
Select Portfolio Servicing

	  	
0.002500

	  	  	  	  	  	
Prime Lending

	  	  	  	
1050000887

	  	
2045700695

	  	
1

	  	
1

	  	
0

	  	
7

	  	  	  	  	  	  	  	  
	
1000938

	
  

	
Select Portfolio Servicing

	
  

	
0.002500

	
  

	  	
  

	  	
  

	
Prime Lending

	
  

	  	
  

	
1050000891

	
  

	
2073603392

	
  

	
1

	
  

	
1

	
  

	
0

	
  

	
7

	
  

	  	
  

	  	  	  	  	 

	
Primary Servicer

	  	
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

	  	
Original Loan

Amount

	  	
Original Interest

Rate

	  	
Original

Amortization Term

	  	
Original Term to

Maturity

	  	
First Payment Date

of Loan

	  	
Interest Type

Indicator

	
1000938

	  	  	  	
1

	  	
0

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20110318

	  	
660000.00

	  	
0.055000

	  	
360

	  	
360

	  	
20110501

	  	
1

	
1000938

	  	  	  	
1

	  	
0

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20110412

	  	
970000.00

	  	
0.052500

	  	
360

	  	
360

	  	
20110601

	  	
1

	
1000938

	  	  	  	
1

	  	
0

	  	
0

	  	  	  	  	  	  	  	
150000.00

	  	  	  	
20110524

	  	
770000.00

	  	
0.052500

	  	
360

	  	
360

	  	
20110701

	  	
1

	
1000938

	  	  	  	
1

	  	
0

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20100826

	  	
524950.00

	  	
0.051250

	  	
360

	  	
360

	  	
20101001

	  	
1

	
1000938

	  	  	  	
1

	  	
4

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20110126

	  	
767500.00

	  	
0.055000

	  	
360

	  	
360

	  	
20110301

	  	
1

	
1000938

	  	  	  	
1

	  	
0

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20101221

	  	
705250.00

	  	
0.053750

	  	
360

	  	
360

	  	
20110201

	  	
1

	
1000938

	  	  	  	
1

	  	
0

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20110523

	  	
763000.00

	  	
0.052500

	  	
360

	  	
360

	  	
20110701

	  	
1

	
1000938

	  	  	  	
1

	  	
0

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20110504

	  	
1204000.00

	  	
0.053750

	  	
360

	  	
360

	  	
20110701

	  	
1

	
1000938

	  	  	  	
1

	  	
0

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20110509

	  	
999650.00

	  	
0.053750

	  	
360

	  	
360

	  	
20110701

	  	
1

	
1000938

	  	  	  	
1

	  	
4

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20110523

	  	
1650000.00

	  	
0.050000

	  	
360

	  	
360

	  	
20110701

	  	
1

	
1000938

	  	  	  	
1

	  	
0

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20110502

	  	
938400.00

	  	
0.053750

	  	
360

	  	
360

	  	
20110701

	  	
1

	
1000938

	  	  	  	
1

	  	
4

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20110517

	  	
999000.00

	  	
0.053750

	  	
360

	  	
360

	  	
20110701

	  	
1

	
1000938

	  	  	  	
1

	  	
4

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20110612

	  	
848000.00

	  	
0.052500

	  	
360

	  	
360

	  	
20110801

	  	
1

	
1000938

	  	  	  	
1

	  	
4

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20110526

	  	
496000.00

	  	
0.052500

	  	
360

	  	
360

	  	
20110701

	  	
1

	
1000938

	  	  	  	
1

	  	
4

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20110518

	  	
551250.00

	  	
0.055000

	  	
360

	  	
360

	  	
20110701

	  	
1

	
1000938

	  	  	  	
1

	  	
4

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20110524

	  	
1067500.00

	  	
0.053750

	  	
360

	  	
360

	  	
20110701

	  	
1

	
1000938

	  	  	  	
1

	  	
4

	  	
0

	  	  	  	  	  	  	  	
0.00

	  	  	  	
20110623

	  	
472000.00

	  	
0.052500

	  	
360

	  	
360

	  	
20110801

	  	
1

	
1000938

	
  

	  	  	
1

	
  

	
4

	
  

	
0

	
  

	  	
  

	  	
  

	  	
  

	
0.00

	
  

	  	
  

	
20110714

	
  

	
631200.00

	
  

	
0.052500

	
  

	
360

	
  

	
360

	
  

	
20110901

	
  

	
1

	
Primary Servicer

	  	
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)

	
1000938

	  	
0

	  	
0

	  	  	  	
656100.94

	  	
0.055000

	  	
3747.41

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
965520.18

	  	
0.052500

	  	
5356.38

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
767338.73

	  	
0.052500

	  	
4251.97

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
517378.10

	  	
0.051250

	  	
2858.28

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
761538.02

	  	
0.055000

	  	
4357.78

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
696819.88

	  	
0.053750

	  	
3949.20

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
760362.94

	  	
0.052500

	  	
4213.31

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
1199934.44

	  	
0.053750

	  	
6742.05

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
996274.47

	  	
0.053750

	  	
5597.75

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
1644027.50

	  	
0.050000

	  	
8857.56

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
935231.29

	  	
0.053750

	  	
5254.77

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
995626.16

	  	
0.053750

	  	
5594.11

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
846050.36

	  	
0.052500

	  	
4682.69

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
494285.73

	  	
0.052500

	  	
2738.93

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
549431.56

	  	
0.055000

	  	
3129.94

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
1063895.36

	  	
0.053750

	  	
5977.69

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	
0

	  	
0

	  	  	  	
470914.83

	  	
0.052500

	  	
2606.40

	  	
20110901

	  	
0

	  	
0

	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	
  

	
0

	  	
0

	
  

	  	
  

	
630475.99

	
  

	
0.052500

	
  

	
3485.51

	
  

	
20110901

	
  

	
0

	
  

	
0

	
  

	  	  	  	  	  	  	  	  	  	  	  	  	 

	
Primary Servicer

	  	
Subsequent Interest

Rate Reset Period

	  	
Subsequent Interest

Rate Cap (Change Down)

	  	
Subsequent Interest

Rate Cap (Change

Up)

	  	
Lifetime Maximum

Rate (Ceiling)

	  	
Lifetime Minimum

Rate (Floor)

	  	
Negative

Amortization Limit

	  	
Initial Negative

Amortization Recast

Period

	  	
Subsequent

Negative

Amortization Recast

Period

	  	
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

	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0

	  	  
	
1000938

	
  

	  	  	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	
0

	
  

	  

	
Primary Servicer

	  	
Initial Minimum

Payment

	  	
Current Minimum

Payment

	  	
Prepayment Penalty

Calculation

	  	
Prepayment Penalty

Type

	  	
Prepayment Penalty

Total Term

	  	
Prepayment Penalty

Hard Term

	  	
Primary Borrower ID

	  	
Number of

Mortgaged

Properties

	  	
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

	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
42

	  	
1

	  	
2

	  	
0

	  	  	  	
9.60

	  	
8.00

	  	
0.00

	  	
1

	  	
20110825

	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
83

	  	
2

	  	
2

	  	
0

	  	  	  	
7.10

	  	
15.10

	  	
0.00

	  	
1

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
164

	  	
1

	  	
2

	  	
0

	  	  	  	
7.00

	  	
10.20

	  	
3.00

	  	
1

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
463

	  	
1

	  	
2

	  	
1

	  	  	  	
30.00

	  	  	  	
6.00

	  	
1

	  	
20110825

	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
80

	  	
1

	  	
2

	  	
0

	  	  	  	
8.10

	  	  	  	
2.00

	  	
1

	  	
20110825

	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
228

	  	
1

	  	
2

	  	
0

	  	  	  	
7.50

	  	  	  	
4.00

	  	
1

	  	
20110825

	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
394

	  	
2

	  	
2

	  	
0

	  	  	  	
0.20

	  	  	  	
0.00

	  	
1

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
265

	  	
1

	  	
2

	  	
0

	  	  	  	
8.00

	  	
11.00

	  	
11.00

	  	
1

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
195

	  	
1

	  	
2

	  	
0

	  	  	  	
1.30

	  	  	  	
0.75

	  	
1

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
440

	  	
1

	  	
2

	  	
1

	  	  	  	
13.00

	  	
8.00

	  	
0.00

	  	
1

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
171

	  	
1

	  	
2

	  	
0

	  	  	  	
8.60

	  	  	  	
0.00

	  	
1

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
307

	  	
1

	  	
2

	  	
0

	  	  	  	
0.50

	  	  	  	
0.00

	  	
1

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
66

	  	
2

	  	
2

	  	
0

	  	  	  	
0.50

	  	  	  	
0.00

	  	
1

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
390

	  	
1

	  	
1

	  	
0

	  	  	  	
0.10

	  	  	  	
0.00

	  	
1

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
45

	  	
1

	  	
2

	  	
1

	  	  	  	
17.00

	  	  	  	
0.00

	  	
1

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
398

	  	
1

	  	
1

	  	
1

	  	  	  	
2.00

	  	  	  	
0.00

	  	
1

	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	
0

	  	  	  	
72

	  	
1

	  	
2

	  	
0

	  	  	  	
3.00

	  	
3.00

	  	
0.00

	  	
1

	  	  
	
1000938

	
  

	  	  	  	
  

	  	
  

	  	
  

	
0

	
  

	  	
  

	
210

	
  

	
2

	
  

	
2

	
  

	
0

	
  

	  	
  

	
1.80

	
  

	  	
  

	
0.00

	
  

	
1

	
  

	  

	
Primary Servicer

	  	
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

	  	
VantageScore: Co-

Borrower

	  	
Most Recent

VantageScore

Method

	  	
VantageScore Date

	  	
Credit Report:

Longest Trade Line

	  	
Credit Report:

Maximum Trade

Line

	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
764

	  	
779

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
781

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
738

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
804

	  	
801

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
723

	  	
755

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
813

	  	
789

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
770

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
773

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
780

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
783

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
748

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
802

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
778

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
761

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
796

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
733

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	
751

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	
  

	  	  	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	
779

	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	 

	
Primary Servicer

	  	
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

	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
6667.00

	  	
7233.00

	  	
9776.00

	  	
0.00

	  	
13900.00

	  	
23676.00

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
27228.00

	  	
1899.00

	  	
293.00

	  	
842.00

	  	
29127.00

	  	
30262.00

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
0.00

	  	
19593.00

	  	
1957.00

	  	
-514.00

	  	
19593.00

	  	
21036.00

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
24182.00

	  	  	  	
1355.00

	  	  	  	
24182.00

	  	
25537.00

	  	
Y

	  	
4

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
17250.00

	  	  	  	
13753.00

	  	  	  	
17250.00

	  	
31003.00

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
33333.00

	  	  	  	
0.00

	  	  	  	
33333.00

	  	
33333.00

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
33333.33

	  	  	  	
0.00

	  	  	  	
33333.33

	  	
33333.33

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
6986.53

	  	
24150.00

	  	
0.00

	  	
0.00

	  	
31136.53

	  	
31136.53

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
32924.00

	  	  	  	
-923.00

	  	  	  	
32924.00

	  	
32001.00

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
40018.00

	  	
8571.00

	  	
0.00

	  	
0.00

	  	
48589.00

	  	
48589.00

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
12500.00

	  	  	  	
12833.00

	  	  	  	
12500.00

	  	
25333.00

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
31250.00

	  	  	  	
0.00

	  	  	  	
31250.00

	  	
31250.00

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
18333.33

	  	  	  	
0.00

	  	  	  	
18333.33

	  	
18333.33

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
15000.00

	  	  	  	
0.00

	  	  	  	
15000.00

	  	
15000.00

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
36784.00

	  	  	  	
0.00

	  	  	  	
36784.00

	  	
36784.00

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
0.00

	  	  	  	
40227.00

	  	  	  	
0.00

	  	
40227.00

	  	
Y

	  	
4

	  	  	  	
3

	  	  
	
1000938

	  	  	  	  	  	
000000000000

	  	  	  	  	  	
4555.03

	  	
10339.64

	  	
0.00

	  	
667.00

	  	
14894.67

	  	
15561.67

	  	
Y

	  	
5

	  	  	  	
3

	  	  
	
1000938

	
  

	  	  	  	
  

	
000000000000

	
  

	  	
  

	  	
  

	
17195.16

	
  

	  	
  

	
-112.46

	
  

	  	
  

	
17195.16

	
  

	
17082.70

	
  

	
Y

	
  

	
5

	
  

	  	
  

	
3

	
  

	 

	
Primary Servicer

	  	
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

	  	
Original Property

Valuation Type

	
1000938

	  	
4

	  	  	  	
149947.04

	  	
5847.75

	  	
0.246991

	  	  	  	
1

	  	
100.000000

	  	
DALLAS

	  	
TX

	  	
75229

	  	
1

	  	
1

	  	
880000.00

	  	
880000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
233426.01

	  	
8637.59

	  	
0.285427

	  	  	  	
1

	  	
100.000000

	  	
HUNTINGTON BEACH

	  	
CA

	  	
92648

	  	
7

	  	
1

	  	
1435000.00

	  	
1435000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
166517.20

	  	
6957.61

	  	
0.330748

	  	  	  	
1

	  	
0.000000

	  	
CHICAGO

	  	
IL

	  	
60613

	  	
1

	  	
1

	  	  	  	
1150000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
52785.57

	  	
4396.51

	  	
0.172162

	  	  	  	
1

	  	
0.000000

	  	
HEATH

	  	
TX

	  	
75032

	  	
7

	  	
1

	  	  	  	
715000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
153105.80

	  	
7612.74

	  	
0.245548

	  	  	  	
1

	  	
0.000000

	  	
FUQUAY VARINA

	  	
NC

	  	
27526

	  	
1

	  	
1

	  	  	  	
1100000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
40187.91

	  	
7693.96

	  	
0.230821

	  	  	  	
1

	  	
0.000000

	  	
ALLEN

	  	
TX

	  	
75013

	  	
7

	  	
1

	  	  	  	
895000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
331822.38

	  	
6666.00

	  	
0.199980

	  	  	  	
1

	  	
100.000000

	  	
BATON ROUGE

	  	
LA

	  	
70808

	  	
1

	  	
1

	  	
1090000.00

	  	
1130000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
315836.13

	  	
8917.80

	  	
0.286410

	  	  	  	
1

	  	
0.000000

	  	
ARCADIA

	  	
CA

	  	
91006

	  	
1

	  	
1

	  	  	  	
1720000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
1044175.26

	  	
8983.68

	  	
0.280731

	  	  	  	
1

	  	
0.000000

	  	
UNIVERSITY PARK

	  	
TX

	  	
75225

	  	
1

	  	
1

	  	  	  	
1560000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
953142.53

	  	
14099.89

	  	
0.290187

	  	  	  	
1

	  	
100.000000

	  	
NEWPORT COAST

	  	
CA

	  	
92657

	  	
3

	  	
1

	  	
2200000.00

	  	
2200000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
258242.43

	  	
10509.68

	  	
0.414861

	  	  	  	
1

	  	
100.000000

	  	
SAN ANTONIO

	  	
TX

	  	
78257

	  	
7

	  	
1

	  	
1173000.00

	  	
1250000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
269618.20

	  	
10445.79

	  	
0.334265

	  	  	  	
1

	  	
100.000000

	  	
GLENCOE

	  	
IL

	  	
60022

	  	
1

	  	
1

	  	
1260000.00

	  	
1300000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
248958.37

	  	
8174.08

	  	
0.445859

	  	  	  	
1

	  	
100.000000

	  	
TERRELL HILLS

	  	
TX

	  	
78209

	  	
1

	  	
1

	  	
1060000.00

	  	
1100000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
248074.72

	  	
5738.12

	  	
0.382541

	  	  	  	
1

	  	
100.000000

	  	
DALLAS

	  	
TX

	  	
75287

	  	
7

	  	
1

	  	
620000.00

	  	
650000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
132126.37

	  	
8326.19

	  	
0.226354

	  	  	  	
1

	  	
100.000000

	  	
DESTIN

	  	
FL

	  	
32541

	  	
7

	  	
2

	  	
735000.00

	  	
750000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
204147.86

	  	
8074.05

	  	
0.200712

	  	  	  	
1

	  	
100.000000

	  	
PARADISE VALLEY

	  	
AZ

	  	
85253

	  	
7

	  	
1

	  	
1525000.00

	  	
1600000.00

	  	
3

	
1000938

	  	
4

	  	  	  	
20586.11

	  	
6246.10

	  	
0.401377

	  	  	  	
1

	  	
100.000000

	  	
AUSTIN

	  	
TX

	  	
78731

	  	
1

	  	
1

	  	
590000.00

	  	
610000.00

	  	
3

	
1000938

	
  

	
4

	  	  	
  

	
83042.53

	
  

	
5202.33

	
  

	
0.304538

	
  

	  	
  

	
1

	
  

	
40.520000

	
  

	
WINCHESTER

	
  

	
MA

	
  

	
1890

	
  

	
1

	
  

	
1

	
  

	
789000.00

	
  

	
790000.00

	
  

	
3

	
Primary Servicer

	  	
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?

	  	
Pool Insurance Co.

Name

	  	
Pool Insurance Stop

Loss %

	
1000938

	  	
20110311

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.750000

	  	
0.750000

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20110404

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.675958

	  	
0.675958

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20110418

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.800000

	  	
0.669565

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20100819

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.734196

	  	
0.734196

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20101210

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.697727

	  	
0.697727

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20101209

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.787989

	  	
0.787989

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20110427

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.700000

	  	
0.700000

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20110329

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.700000

	  	
0.700000

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20110421

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.640801

	  	
0.640801

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20110429

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.750000

	  	
0.750000

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20110426

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.800000

	  	
0.800000

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20110428

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.792857

	  	
0.792857

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20110426

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.800000

	  	
0.800000

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20110511

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.800000

	  	
0.800000

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20110507

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.750000

	  	
0.750000

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20110512

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.700000

	  	
0.700000

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	  	
20110607

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	
0.800000

	  	
0.800000

	  	
0

	  	  	  	
0

	  	  	  	  	  	  
	
1000938

	
  

	
20110620

	  	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	
0.800000

	
  

	
0.800000

	
  

	
0

	
  

	  	
  

	
0

	
  

	  	
  

	  	
  

	 

	
Primary Servicer

	  	
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

	  	
Pre-Modification

Subsequent Interest

Rate Cap

	  	
Pre-Modification

Next Interest Rate

Change Date

	  	
Pre-Modification I/O

Term

	  	
Forgiven Principal

Amount

	  	
Forgiven Interest

Amount

	  	
Number of

Modifications

	  	
Cash To/From Brrw at Closing

	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1000938

	
  

	  	  	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	  	
  

	 

	
Primary Servicer

	  	
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

	
1000938

	  	
9.6

	  	
12

	  	
0.00

	  	
4/1/2041

	  	
6667.00

	  	
9776.00

	  	  	  	
7233.00

	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
14

	  	
15.1

	  	
0.00

	  	
5/1/2041

	  	
27228.00

	  	  	  	  	  	
1899.00

	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
15

	  	
10.2

	  	
150000.00

	  	
6/1/2041

	  	  	  	  	  	  	  	
19593.00

	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
30

	  	  	  	
0.00

	  	
9/1/2040

	  	
24182.00

	  	  	  	  	  	  	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
10

	  	  	  	
0.00

	  	
2/1/2041

	  	
17250.00

	  	
13753.00

	  	  	  	  	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
7.5

	  	  	  	
0.00

	  	
1/1/2041

	  	
33333.00

	  	  	  	  	  	  	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
23

	  	  	  	
0.00

	  	
6/1/2041

	  	
33333.33

	  	  	  	  	  	  	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
15

	  	
13

	  	
0.00

	  	
6/1/2041

	  	
6986.53

	  	  	  	  	  	
24150.00

	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
15

	  	  	  	
0.00

	  	
6/1/2041

	  	
32924.00

	  	  	  	  	  	  	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
14

	  	
22

	  	
0.00

	  	
6/1/2041

	  	
40018.00

	  	  	  	  	  	
8571.00

	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
9.5

	  	  	  	
0.00

	  	
6/1/2041

	  	
12500.00

	  	  	  	
12833.00

	  	  	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
4

	  	  	  	
0.00

	  	
6/1/2041

	  	
31250.00

	  	  	  	  	  	  	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
7

	  	  	  	
0.00

	  	
7/1/2041

	  	
18333.33

	  	  	  	  	  	  	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
5

	  	  	  	
0.00

	  	
6/1/2041

	  	
15000.00

	  	  	  	  	  	  	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
20

	  	  	  	
0.00

	  	
6/1/2041

	  	
36784.00

	  	  	  	  	  	  	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
11

	  	  	  	
0.00

	  	
6/1/2041

	  	  	  	  	  	  	  	  	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	  	
12

	  	
15

	  	
0.00

	  	
7/1/2041

	  	
4555.03

	  	  	  	  	  	
10339.64

	  	
667.00

	  	  	  	
Full

	  	
2 years

	  	
2 Months

	
1000938

	
  

	
1.8

	  	  	
  

	
0.00

	
  

	
8/1/2041

	
  

	
17195.16

	
  

	  	  	  	  	  	  	  	  	  	  	
Full

	  	
2 years

	  	
2 Months

  

13

  

ATTACHMENT 2

PURCHASE AGREEMENT

 

(Please refer to Exhibit 10.15 to Form 8-K filed by the Issuing Entity on September 26, 2011)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}]]