Document:

EXHIBIT 10.10

 

EXECUTION COPY

 

ASSIGNMENT, ASSUMPTION AND RECOGNITION
AGREEMENT

 

THIS
ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT, dated as of June 27, 2012 (the “Assignment”), is entered into by
and among Redwood Residential Acquisition Corporation (the “Assignor” and, solely in its capacity as servicing administrator
described herein, the “Servicing Administrator”), Sequoia Residential Funding, Inc. (the “Depositor”),
Cenlar FSB, as the servicer (the “Servicer”), and Christiana Trust, a division of Wilmington Savings Fund Society,
FSB, a federal savings bank, not in its individual capacity but solely as trustee (in such capacity, the “Trustee”
and as referred to herein, the “Assignee”) under a Pooling and Servicing Agreement dated as of June 1, 2012 (the “Pooling
and Servicing Agreement”) among the Depositor, the Assignee and Wells Fargo Bank, N.A., as master servicer and securities
administrator.

 

RECITALS

 

WHEREAS, the Assignor
and the Servicer have entered into a certain Flow Mortgage Loan Servicing Agreement, dated as of August 1, 2011, as amended by
the Amendment No. 1 to Flow Mortgage Loan Servicing Agreement dated November 3, 2011, and hereby (the “Flow Servicing Agreement”),
and the Servicer is currently servicing certain mortgage loans (the “Mortgage Loans”) under the Flow Servicing Agreement;
and

 

WHEREAS, the Assignor
will sell the Mortgage Loans (the “Specified Mortgage Loans”) that are listed on the mortgage loan schedule attached
as Exhibit I hereto (the “Specified Mortgage Loan Schedule”) and its rights under the Flow 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 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 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 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 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 Servicing Agreement) to the extent relating to the
Specified Mortgage Loans, the Depositor is released from all obligations under the Flow Servicing Agreement, 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 Servicing Agreement), by all of the terms, covenants
and conditions of the Flow 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, and Assignor is released from such obligations.

 

		2.	Recognition of the Assignee.

 

From and after the
date hereof, subject to Section 3 below, the Servicer 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 Servicing Agreement with the Assignee as the Owner thereunder, the terms of which Flow 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 section of
the Flow Servicing Agreement listed below:

 

		Flow	Servicing Agreement:

 

	Section	 	Matter
	 	 	 
	11.20	 	Servicer Shall Provide Access and Information as Reasonably Required.

 

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

 

    	2

    	 

    

 

		Flow	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 Servicing Agreement
referred to above and under the following sections, at the times therein specified:

 

			Flow 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
there is no 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. Assignor will provide thirty (30) days notice
to the Servicer of any such termination or a change in the identity of the Controlling Holder of which Assignor has knowledge.

 

(e)          Redwood
Residential Acquisition Corporation, in its capacity as Servicing Administrator under this Assignment, hereby assumes the obligations
of the Owner, as assigned to the Assignee, and the obligations of the Servicing Administrator, under the Sections of the Flow
Servicing Agreement, as amended by this Assignment, listed below:

 

			Flow Servicing Agreement:

 

	Section	 	Matter
	 	 	 
	Clause (i) of the last paragraph of Section 11.13	 	Payment by Servicing Administrator for Opinion of Counsel
	 	 	 
	Last sentence of 11.14, with respect to Servicing Advances only	 	Payment of Servicing Advances to Servicer

 

    	3

    	 

    

 

	11.17	 	P&I Advances
	 	 	 
	11.25(b)	 	Funding of P& I Advances, including without limitation funding of Prepayment
    Interest Shortfalls pursuant to the second paragraph of Section 11.15
	 	 	 
	11.25(c)	 	Funding of Servicing Advances
	 	 	 
	14.03	 	Payment of termination fees to Servicer

 

As compensation for
such assumption of obligations, the Servicing Administrator shall be entitled to receive from payments on the Specified Mortgage
Loans the difference, if any, between the Servicing Fee and the servicing compensation otherwise payable to the Servicer under
the Flow Servicing Agreement. In addition, the Servicing Administrator shall have all the benefits provided to the Servicing Administrator
by Subsection 11.05 of the Flow Servicing Agreement. Any failure of the Servicing Administrator to perform its obligations under
this Section 3(e) shall be an additional Event of Default under the Flow Servicing Agreement, entitling the Assignee to terminate
both the Servicing Administrator and the Servicer in accordance with the terms of the Flow Servicing Agreement.

 

(f)          The
Servicing Administrator may, with the consent of the Master Servicer, exercise the rights of the Owner set forth in Section 13.01
of the Flow Servicing Agreement to terminate the Servicer following the occurrence of an Event of Default with respect to the
Servicer.

 

(g)          The
Servicing Administrator may, with the consent of the Master Servicer, exercise the rights of the Owner set forth in Section 14.03
of the Flow Servicing Agreement to terminate the Servicer without cause and transfer servicing.

 

(h)          If
the Servicing Administrator exercises its right to terminate the Servicer pursuant to the foregoing paragraphs (f) or (g), no
termination of the Servicer shall be effective unless the Servicing Administrator shall have appointed a successor Servicer under
the Flow Servicing Agreement approved by the Master Servicer.

 

(i)          No
later than March 1 of each year when any Certificates are outstanding, commencing in March 2013, the Servicing Administrator shall
provide to the Master Servicer its report on assessment of compliance with applicable servicing criteria specified under Item
1122(d)((2)(iii) of Regulation AB and its compliance statement required under Item 1123 of Regulation AB.

 

		4.	Amendment to the Flow Servicing Agreement.

 

The Flow Servicing
Agreement is hereby amended as set forth in Appendix A hereto with respect to the Specified Mortgage Loans. The rights
and obligations under the Flow Servicing Agreement assigned to the Depositor and the Assignee pursuant to this Agreement shall
be under the Flow Servicing Agreement as amended as set forth in Appendix A.

 

    	4

    	 

    

 

		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 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 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, 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.

 

		8.	Notices.

 

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

 

    	5

    	 

    

 

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

500
Delaware Avenue, 11th Floor

Wilmington,
Delaware, 19801

Attention: Corporate
Trust

 

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 Servicing
Agreement.

 

		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 Servicing Agreement.

 

		11.	Trustee.

 

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

 

		12.	Master Servicer.

 

The Servicer hereby
acknowledges that Wells Fargo Bank, N.A. (the “Master Servicer”) will 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 Servicing Agreement, including, without limitation, the right
to enforce the obligations of the Servicer and the Servicing Administrator thereunder. Any notices or other communications permitted
or required under the Flow Servicing Agreement to be made to the Assignee shall be made in accordance with the terms of the Flow
Servicing Agreement and shall be sent to the Master Servicer at the following address:

 

    	6

    	 

    

 

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 2012-3

 

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 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 shall
make all distributions under the Flow 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 #48066700, Sequoia Mortgage Trust 2012-3
	 	Distribution Account

 

		13.	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 2012-3” 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 Assignment 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.

 

    	7

    	 

    

 

14.         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 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 possess all of the rights and obligations of Owner under
the Flow Servicing Agreement, provided, however, that the Assignor shall remain liable for any obligations held by it 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]

 

    	8

    	 

    

 

 

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

	 	ASSIGNOR:
	 	 
	 	REDWOOD RESIDENTIAL ACQUISITION CORPORATION
	 	 
	 	By:	 
	 	 	 
	 	Name: 	 
	 	 	 
	 	Title:	 
	 	 
	 	DEPOSITOR:
	 	 
	 	SEQUOIA RESIDENTIAL FUNDING, INC.
	 	 
	 	By:	 
	 	 	 
	 	Name: 	 
	 	 	 
	 	Title:	 
	 	 
	 	ASSIGNEE:
	 	 
	 	Christiana Trust, a division of Wilmington Savings Fund Society,
    FSB, not in its individual capacity but solely as Trustee
	 	 
	 	By:	 
	 	 	 
	 	Name: 	 
	 	 	 
	 	Title:	 
	 	 
	 	SERVICER:
	 	 
	 	CENLAR FSB
	 	 
	 	By:	 
	 	 	 
	 	Name: 	 
	 	 	 
	 	Title:	 
	 	 
	 	[Signatures continue on following page]

 

Signature Page to Assignment, Assumption
and Recognition Agreement – Cenlar (SEMT 2012-3)

 

    	 

    	 

    

 

	 	SERVICING ADMINISTRATOR:
	 	 
	 	REDWOOD RESIDENTIAL ACQUISITION CORPORATION
	 	 
	 	By:	 
	 	 	 
	 	Name: 	 
	 	 	 
	 	Title:	 

 

Accepted and
agreed to by:

 

MASTER SERVICER:

 

WELLS FARGO
BANK, N.A.

 

	By:	 	 
	 	 	 
	Name: 	 	 
	 	 	 
	Title:	 	 

 

Signature Page to Assignment, Assumption
and Recognition Agreement – Cenlar (SEMT 2012-3)

 

    	 

    	 

    

 

EXHIBIT I

 

 

 

	 	1	2	3	4	5	6	7	8	9	10
	KEY	Primary Servicer	Servicing Fee %	Servicing Fee—Flatdollar	Servicing Advance Methodology	Originator	Loan Group	Loan Number	Amortization Type	Lien Position	HELOC Indicator
	1	1000383	0.002500	 	 	1002793	 	1010003152	1	1	0
	2	1000383	0.002500	 	 	1002793	 	1010003779	1	1	0
	3	1000383	0.002500	 	 	1001863	 	1000003742	1	1	0
	4	1000383	0.002500	 	 	1001863	 	1000002744	1	1	0
	5	1000383	0.002500	 	 	1001863	 	1000002810	1	1	0
	6	1000383	0.002500	 	 	1001863	 	1000002350	1	1	0
	7	1000383	0.002500	 	 	1001863	 	1000003067	1	1	0
	8	1000383	0.002500	 	 	1001863	 	1000003124	1	1	0
	9	1000383	0.002500	 	 	1001863	 	1000003487	1	1	0
	10	1000383	0.002500	 	 	1001863	 	1000003358	1	1	0
	11	1000383	0.002500	 	 	1001863	 	1000003125	1	1	0
	12	1000383	0.002500	 	 	1001863	 	1000003503	1	1	0
	13	1000383	0.002500	 	 	1001863	 	1000003297	1	1	0
	14	1000383	0.002500	 	 	1001863	 	1000002655	1	1	0
	15	1000383	0.002500	 	 	1001863	 	1000003455	1	1	0
	16	1000383	0.002500	 	 	1000312	 	1300002606	1	1	0
	17	1000383	0.002500	 	 	1000312	 	1300002576	1	1	0
	18	1000383	0.002500	 	 	1000312	 	1300002757	1	1	0
	19	1000383	0.002500	 	 	1000312	 	1300003026	1	1	0
	20	1000383	0.002500	 	 	1000312	 	1300002517	1	1	0
	21	1000383	0.002500	 	 	1008808	 	1650002421	1	1	0
	22	1000383	0.002500	 	 	1008808	 	1650002987	1	1	0
	23	1000383	0.002500	 	 	1008808	 	1650003075	1	1	0
	24	1000383	0.002500	 	 	1008808	 	1650003002	1	1	0
	25	1000383	0.002500	 	 	1008808	 	1650003254	1	1	0
	26	1000383	0.002500	 	 	1008808	 	1650003338	1	1	0
	27	1000383	0.002500	 	 	1008808	 	1650003688	1	1	0
	28	1000383	0.002500	 	 	1006324	 	1950003147	1	1	0
	29	1000383	0.002500	 	 	1006324	 	1950002762	1	1	0
	30	1000383	0.002500	 	 	1006324	 	1950002813	1	1	0
	31	1000383	0.002500	 	 	1006324	 	1950003419	1	1	0
	32	1000383	0.002500	 	 	1000457	 	1070003785	1	1	0
	33	1000383	0.002500	 	 	1000457	 	1070003395	1	1	0
	34	1000383	0.002500	 	 	1000457	 	1070003600	1	1	0
	35	1000383	0.002500	 	 	1000457	 	1070003992	1	1	0
	36	1000383	0.002500	 	 	1000457	 	1070003412	1	1	0
	37	1000383	0.002500	 	 	1000457	 	1070004032	1	1	0
	38	1000383	0.002500	 	 	1008498	 	1150003767	1	1	0
	39	1000383	0.002500	 	 	1008498	 	1150001746	1	1	0
	40	1000383	0.002500	 	 	1008498	 	1150002233	1	1	0
	41	1000383	0.002500	 	 	1008498	 	1150002338	1	1	0
	42	1000383	0.002500	 	 	1008498	 	1150002376	1	1	0
	43	1000383	0.002500	 	 	1008498	 	1150002413	1	1	0
	44	1000383	0.002500	 	 	1008498	 	1150002449	1	1	0
	45	1000383	0.002500	 	 	1008498	 	1150002516	1	1	0
	46	1000383	0.002500	 	 	1008498	 	1150002533	1	1	0
	47	1000383	0.002500	 	 	1008498	 	1150002534	1	1	0
	48	1000383	0.002500	 	 	1008498	 	1150002559	1	1	0
	49	1000383	0.002500	 	 	1008498	 	1150002586	1	1	0
	50	1000383	0.002500	 	 	1008498	 	1150002610	1	1	0
	51	1000383	0.002500	 	 	1008498	 	1150002611	1	1	0
	52	1000383	0.002500	 	 	1008498	 	1150002639	1	1	0
	53	1000383	0.002500	 	 	1008498	 	1150002756	1	1	0
	54	1000383	0.002500	 	 	1008498	 	1150002764	1	1	0
	55	1000383	0.002500	 	 	1008498	 	1150002774	1	1	0
	56	1000383	0.002500	 	 	1008498	 	1150003055	1	1	0
	57	1000383	0.002500	 	 	1008498	 	1150003058	1	1	0
	58	1000383	0.002500	 	 	1008498	 	1150003251	1	1	0
	59	1000383	0.002500	 	 	1008498	 	1150003253	1	1	0
	60	1000383	0.002500	 	 	1008498	 	1150003294	1	1	0
	61	1000383	0.002500	 	 	1008498	 	1150003316	1	1	0
	62	1000383	0.002500	 	 	1008498	 	1150003325	1	1	0
	63	1000383	0.002500	 	 	1008498	 	1150003347	1	1	0
	64	1000383	0.002500	 	 	1008498	 	1150003388	1	1	0
	65	1000383	0.002500	 	 	1008498	 	1150003426	1	1	0
	66	1000383	0.002500	 	 	1008498	 	1150003593	1	1	0
	67	1000383	0.002500	 	 	1008498	 	1150003594	1	1	0
	68	1000383	0.002500	 	 	1008498	 	1150003826	1	1	0
	69	1000383	0.002500	 	 	1000302	 	1020003044	1	1	0
	70	1000383	0.002500	 	 	1006318	 	1450003999	1	1	0
	71	1000383	0.002500	 	 	1006318	 	1450002658	1	1	0
	72	1000383	0.002500	 	 	1006318	 	1450003130	1	1	0
	73	1000383	0.002500	 	 	1006318	 	1450003239	1	1	0
	74	1000383	0.002500	 	 	1001770	 	1750003256	1	1	0
	75	1000383	0.002500	 	 	1000522	 	1700002628	1	1	0
	76	1000383	0.002500	 	 	1000522	 	1700002593	1	1	0
	77	1000383	0.002500	 	 	1000522	 	1700003238	1	1	0
	78	1000383	0.002500	 	 	1000522	 	1700003964	1	1	0
	79	1000383	0.002500	 	 	1001770	 	1750003933	1	1	0
	80	1000383	0.002500	 	 	1006318	 	1450003375	1	1	0
	81	1000383	0.002500	 	 	1001770	 	1750003741	1	1	0
	82	1000383	0.002500	 	 	1006318	 	1450002735	1	1	0
	83	1000383	0.002500	 	 	1000324	 	1030003136	1	1	0
	84	1000383	0.002500	 	 	1000324	 	1030003590	1	1	0
	85	1000383	0.002500	 	 	1006318	 	1450003479	1	1	0
	86	1000383	0.002500	 	 	1000324	 	1030003467	1	1	0
	87	1000383	0.002500	 	 	1000324	 	1030002689	1	1	0
	88	1000383	0.002500	 	 	1000324	 	1030002738	1	1	0
	89	1000383	0.002500	 	 	1000324	 	1030002792	1	1	0
	90	1000383	0.002500	 	 	1000324	 	1030002616	1	1	0
	91	1000383	0.002500	 	 	1000324	 	1030003085	1	1	0
	92	1000383	0.002500	 	 	1000324	 	1030003005	1	1	0
	93	1000383	0.002500	 	 	1000324	 	1030002776	1	1	0
	94	1000383	0.002500	 	 	1000324	 	1030002785	1	1	0
	95	1000383	0.002500	 	 	1000324	 	1030002978	1	1	0
	96	1000383	0.002500	 	 	1000324	 	1030003332	1	1	0
	97	1000383	0.002500	 	 	1000324	 	1030003787	1	1	0
	98	1000383	0.002500	 	 	1000324	 	1030003368	1	1	0
	99	1000383	0.002500	 	 	1000324	 	1030003589	1	1	0
	100	1000383	0.002500	 	 	1000324	 	1030003636	1	1	0
	101	1000383	0.002500	 	 	1000324	 	1030003274	1	1	0
	102	1000383	0.002500	 	 	1000324	 	1030003465	1	1	0
	103	1000383	0.002500	 	 	1000324	 	1030003585	1	1	0
	104	1000383	0.002500	 	 	1000324	 	1030003745	1	1	0
	105	1000383	0.002500	 	 	1000324	 	1030003641	1	1	0
	106	1000383	0.002500	 	 	1000324	 	1030003768	1	1	0
	107	1000383	0.002500	 	 	1000324	 	1030003752	1	1	0
	108	1000383	0.002500	 	 	1000324	 	1030003775	1	1	0
	109	1000383	0.002500	 	 	1000324	 	1030003885	1	1	0
	110	1000383	0.002500	 	 	1000324	 	1030004076	1	1	0
	111	1000383	0.002500	 	 	1000324	 	1030004109	1	1	0
	112	1000383	0.002500	 	 	1000324	 	1030003889	1	1	0
	113	1000383	0.002500	 	 	1000324	 	1030003939	1	1	0
	114	1000383	0.002500	 	 	1000324	 	1030004131	1	1	0
	115	1000383	0.002500	 	 	1006318	 	1450003283	1	1	0
	116	1000383	0.002500	 	 	1001770	 	1750003427	1	1	0
	117	1000383	0.002500	 	 	1001770	 	1750003944	1	1	0
	118	1000383	0.002500	 	 	1001770	 	1750003236	1	1	0
	119	1000383	0.002500	 	 	1001770	 	1750003524	1	1	0
	120	1000383	0.002500	 	 	1001770	 	1750003735	1	1	0
	121	1000383	0.002500	 	 	1001770	 	1750004111	1	1	0
	122	1000383	0.002500	 	 	1000324	 	1030002740	1	1	0
	123	1000383	0.002500	 	 	1000324	 	1030003123	1	1	0
	124	1000383	0.002500	 	 	1000324	 	1030003484	1	1	0
	125	1000383	0.002500	 	 	1000324	 	1030003730	1	1	0
	126	1000383	0.002500	 	 	1000324	 	1030004403	1	1	0
	127	1000383	0.002500	 	 	1000522	 	1700003416	1	1	0
	128	1000383	0.002500	 	 	1000536	 	1050002036	1	1	0
	129	1000383	0.002500	 	 	1000536	 	1050002752	1	1	0
	130	1000383	0.002500	 	 	1000536	 	1050003469	1	1	0
	131	1000383	0.002500	 	 	1003970	 	1400003146	1	1	0
	132	1000383	0.002500	 	 	1003970	 	1400003390	1	1	0
	133	1000383	0.002500	 	 	1003970	 	1400003387	1	1	0
	134	1000383	0.002500	 	 	1003970	 	1400003313	1	1	0
	135	1000383	0.002500	 	 	1000536	 	1050002726	1	1	0
	136	1000383	0.002500	 	 	1000536	 	1050003404	1	1	0
	137	1000383	0.002500	 	 	1000536	 	1050002263	1	1	0
	138	1000383	0.002500	 	 	1000536	 	1050002607	1	1	0
	139	1000383	0.002500	 	 	1000536	 	1050003309	1	1	0
	140	1000383	0.002500	 	 	1000536	 	1050002778	1	1	0
	141	1000383	0.002500	 	 	1000536	 	1050002649	1	1	0
	142	1000383	0.002500	 	 	1000536	 	1050001977	1	1	0
	143	1000383	0.002500	 	 	1000536	 	1050002725	1	1	0
	144	1000383	0.002500	 	 	1000536	 	1050002535	1	1	0
	145	1000383	0.002500	 	 	1000536	 	1050003955	1	1	0
	146	1000383	0.002500	 	 	1000536	 	1050001301	1	1	0
	147	1000383	0.002500	 	 	1000536	 	1050003018	1	1	0
	148	1000383	0.002500	 	 	1000536	 	1050003006	1	1	0
	149	1000383	0.002500	 	 	1000536	 	1050002642	1	1	0
	150	1000383	0.002500	 	 	1000536	 	1050003029	1	1	0
	151	1000383	0.002500	 	 	1000536	 	1050003446	1	1	0
	152	1000383	0.002500	 	 	1000536	 	1050003034	1	1	0
	153	1000383	0.002500	 	 	1000536	 	1050003447	1	1	0
	154	1000383	0.002500	 	 	1000536	 	1050002592	1	1	0
	155	1000383	0.002500	 	 	1000536	 	1050002397	1	1	0
	156	1000383	0.002500	 	 	1000536	 	1050002826	1	1	0
	157	1000383	0.002500	 	 	1000536	 	1050002292	1	1	0
	158	1000383	0.002500	 	 	1000536	 	1050003642	1	1	0
	159	1000383	0.002500	 	 	1000536	 	1050002651	1	1	0
	160	1000383	0.002500	 	 	1000536	 	1050002793	1	1	0
	161	1000383	0.002500	 	 	1000536	 	1050003079	1	1	0
	162	1000383	0.002500	 	 	1000536	 	1050003822	1	1	0
	163	1000383	0.002500	 	 	1000536	 	1050003597	1	1	0
	164	1000383	0.002500	 	 	1000536	 	1050002608	1	1	0
	165	1000383	0.002500	 	 	1000536	 	1050000952	1	1	0
	166	1000383	0.002500	 	 	1000536	 	1050002645	1	1	0
	167	1000383	0.002500	 	 	1000536	 	1050002684	1	1	0
	168	1000383	0.002500	 	 	1000536	 	1050003284	1	1	0
	169	1000383	0.002500	 	 	1000536	 	1050004186	1	1	0
	170	1000383	0.002500	 	 	1000536	 	1050002763	1	1	0
	171	1000383	0.002500	 	 	1000536	 	1050003131	1	1	0
	172	1000383	0.002500	 	 	1000536	 	1050003048	1	1	0
	173	1000383	0.002500	 	 	1000536	 	1050003831	1	1	0
	174	1000383	0.002500	 	 	1000536	 	1050003403	1	1	0
	175	1000383	0.002500	 	 	1001770	 	1750003339	1	1	0
	176	1000383	0.002500	 	 	1001770	 	1750003772	1	1	0
	177	1000383	0.002500	 	 	1001770	 	1750003127	1	1	0
	178	1000383	0.002500	 	 	1001770	 	1750003588	1	1	0
	179	1000383	0.002500	 	 	1001770	 	1750003736	1	1	0
	180	1000383	0.002500	 	 	1001770	 	1750003341	1	1	0
	181	1000383	0.002500	 	 	1000536	 	1050003628	1	1	0
	182	1000383	0.002500	 	 	1000536	 	1050002385	1	1	0
	183	1000383	0.002500	 	 	1000536	 	1050003030	1	1	0
	184	1000383	0.002500	 	 	1000536	 	1050003462	1	1	0
	185	1000383	0.002500	 	 	1000536	 	1050004123	1	1	0
	186	1000383	0.002500	 	 	1001105	 	1250003515	1	1	0
	187	1000383	0.002500	 	 	1000536	 	1050003363	1	1	0
	188	1000383	0.002500	 	 	1000536	 	1050003155	1	1	0
	189	1000383	0.002500	 	 	1000536	 	1050002779	1	1	0
	190	1000383	0.002500	 	 	1000536	 	1050003017	1	1	0
	191	1000383	0.002500	 	 	1000536	 	1050002680	1	1	0
	192	1000383	0.002500	 	 	1000536	 	1050003399	1	1	0
	193	1000383	0.002500	 	 	1000536	 	1050002741	1	1	0
	194	1000383	0.002500	 	 	1000536	 	1050002594	1	1	0
	195	1000383	0.002500	 	 	1000536	 	1050002278	1	1	0
	196	1000383	0.002500	 	 	1000536	 	1050003359	1	1	0
	197	1000383	0.002500	 	 	1000536	 	1050003876	1	1	0
	198	1000383	0.002500	 	 	1000536	 	1050003431	1	1	0
	199	1000383	0.002500	 	 	1000536	 	1050003506	1	1	0
	200	1000383	0.002500	 	 	1000497	 	1040003372	1	1	0
	201	1000383	0.002500	 	 	1000497	 	1040003405	1	1	0
	202	1000383	0.002500	 	 	1000324	 	1030003848	1	1	0
	203	1000383	0.002500	 	 	1000324	 	1030004257	1	1	0
	204	1000383	0.002500	 	 	1000536	 	1050003367	1	1	0
	205	1000383	0.002500	 	 	1003970	 	1400004075	1	1	0
	206	1000383	0.002500	 	 	1006318	 	1450003893	1	1	0
	207	1000383	0.002500	 	 	1001770	 	1750004210	1	1	0

 

 

	 	11	12	13	14	15	16	17	18	19	20
	KEY	Loan Purpose	Cash Out Amount	Total Origination and Discount Points	Covered/High Cost Loan Indicator	Relocation Loan Indicator	Broker Indicator	Channel	Escrow Indicator	Senior Loan
 Amount(s)	Loan Type of Most
 Senior Lien
	1	7	 	 	 	 	 	1	4	0	 
	2	7	 	 	 	 	 	1	0	0	 
	3	7	 	 	 	 	 	1	0	0	 
	4	7	 	 	 	 	 	1	4	0	 
	5	9	 	 	 	 	 	1	4	0	 
	6	9	 	 	 	 	 	1	4	0	 
	7	7	 	 	 	 	 	1	4	0	 
	8	6	 	 	 	 	 	1	4	0	 
	9	9	 	 	 	 	 	1	4	0	 
	10	9	 	 	 	 	 	1	4	0	 
	11	9	 	 	 	 	 	1	0	0	 
	12	9	 	 	 	 	 	1	4	0	 
	13	7	 	 	 	 	 	1	4	0	 
	14	9	 	 	 	 	 	1	4	0	 
	15	7	 	 	 	 	 	1	4	0	 
	16	9	 	 	 	 	 	1	4	0	 
	17	7	 	 	 	 	 	1	4	0	 
	18	9	 	 	 	 	 	1	4	0	 
	19	9	 	 	 	 	 	1	0	0	 
	20	9	 	 	 	 	 	1	0	0	 
	21	9	 	 	 	 	 	2	0	0	 
	22	7	 	 	 	 	 	2	0	0	 
	23	9	 	 	 	 	 	2	4	0	 
	24	9	 	 	 	 	 	1	0	0	 
	25	7	 	 	 	 	 	2	0	0	 
	26	7	 	 	 	 	 	2	4	0	 
	27	7	 	 	 	 	 	1	4	0	 
	28	9	 	 	 	 	 	1	4	0	 
	29	7	 	 	 	 	 	1	0	0	 
	30	7	 	 	 	 	 	1	0	0	 
	31	9	 	 	 	 	 	1	0	0	 
	32	7	 	 	 	 	 	1	0	0	 
	33	7	 	 	 	 	 	1	0	0	 
	34	7	 	 	 	 	 	1	4	0	 
	35	9	 	 	 	 	 	1	4	0	 
	36	7	 	 	 	 	 	1	0	0	 
	37	7	 	 	 	 	 	1	4	0	 
	38	9	 	 	 	 	 	1	4	0	 
	39	3	 	 	 	 	 	4	4	0	 
	40	3	 	 	 	 	 	4	4	0	 
	41	9	 	 	 	 	 	4	4	0	 
	42	3	 	 	 	 	 	4	0	0	 
	43	7	 	 	 	 	 	4	4	0	 
	44	9	 	 	 	 	 	4	4	0	 
	45	9	 	 	 	 	 	1	4	0	 
	46	9	 	 	 	 	 	4	0	0	 
	47	9	 	 	 	 	 	4	4	0	 
	48	9	 	 	 	 	 	1	0	0	 
	49	9	 	 	 	 	 	1	0	0	 
	50	9	 	 	 	 	 	1	0	0	 
	51	9	 	 	 	 	 	4	0	0	 
	52	7	 	 	 	 	 	1	4	0	 
	53	7	 	 	 	 	 	4	4	0	 
	54	3	 	 	 	 	 	1	4	0	 
	55	9	 	 	 	 	 	1	0	0	 
	56	3	 	 	 	 	 	1	4	0	 
	57	9	 	 	 	 	 	1	4	0	 
	58	9	 	 	 	 	 	1	0	0	 
	59	7	 	 	 	 	 	4	4	0	 
	60	9	 	 	 	 	 	1	0	0	 
	61	9	 	 	 	 	 	1	0	0	 
	62	3	 	 	 	 	 	1	0	0	 
	63	7	 	 	 	 	 	4	0	0	 
	64	9	 	 	 	 	 	1	4	0	 
	65	7	 	 	 	 	 	1	0	0	 
	66	7	 	 	 	 	 	1	4	0	 
	67	7	 	 	 	 	 	4	4	0	 
	68	7	 	 	 	 	 	1	4	0	 
	69	7	 	 	 	 	 	1	0	0	 
	70	7	 	 	 	 	 	1	0	0	 
	71	9	 	 	 	 	 	1	4	0	 
	72	7	 	 	 	 	 	1	4	0	 
	73	7	 	 	 	 	 	1	0	0	 
	74	9	 	 	 	 	 	1	0	0	 
	75	9	 	 	 	 	 	1	0	0	 
	76	9	 	 	 	 	 	1	0	0	 
	77	9	 	 	 	 	 	1	0	0	 
	78	6	 	 	 	 	 	2	4	0	 
	79	6	 	 	 	 	 	1	4	0	 
	80	9	 	 	 	 	 	1	0	0	 
	81	9	 	 	 	 	 	1	4	0	 
	82	9	 	 	 	 	 	1	0	0	 
	83	9	 	 	 	 	 	1	4	0	 
	84	7	 	 	 	 	 	1	0	0	 
	85	7	 	 	 	 	 	1	0	0	 
	86	9	 	 	 	 	 	2	4	0	 
	87	9	 	 	 	 	 	2	4	0	 
	88	7	 	 	 	 	 	2	4	0	 
	89	7	 	 	 	 	 	2	4	0	 
	90	7	 	 	 	 	 	2	4	0	 
	91	7	 	 	 	 	 	2	0	0	 
	92	9	 	 	 	 	 	2	4	0	 
	93	9	 	 	 	 	 	2	4	0	 
	94	9	 	 	 	 	 	2	0	0	 
	95	9	 	 	 	 	 	2	0	0	 
	96	7	 	 	 	 	 	2	4	0	 
	97	3	 	 	 	 	 	1	4	0	 
	98	9	 	 	 	 	 	2	0	0	 
	99	9	 	 	 	 	 	2	0	0	 
	100	9	 	 	 	 	 	1	0	0	 
	101	9	 	 	 	 	 	2	4	0	 
	102	9	 	 	 	 	 	2	0	0	 
	103	7	 	 	 	 	 	2	4	0	 
	104	7	 	 	 	 	 	2	4	0	 
	105	9	 	 	 	 	 	1	0	0	 
	106	7	 	 	 	 	 	1	4	0	 
	107	9	 	 	 	 	 	1	0	0	 
	108	7	 	 	 	 	 	2	4	0	 
	109	7	 	 	 	 	 	2	4	0	 
	110	3	 	 	 	 	 	2	4	0	 
	111	7	 	 	 	 	 	2	4	0	 
	112	9	 	 	 	 	 	2	4	0	 
	113	9	 	 	 	 	 	2	4	0	 
	114	7	 	 	 	 	 	2	4	0	 
	115	3	 	 	 	 	 	1	4	0	 
	116	7	 	 	 	 	 	1	4	0	 
	117	9	 	 	 	 	 	1	0	0	 
	118	9	 	 	 	 	 	1	0	0	 
	119	7	 	 	 	 	 	1	0	0	 
	120	7	 	 	 	 	 	1	0	0	 
	121	7	 	 	 	 	 	1	0	0	 
	122	9	 	 	 	 	 	4	4	0	 
	123	7	 	 	 	 	 	4	4	0	 
	124	7	 	 	 	 	 	1	4	0	 
	125	7	 	 	 	 	 	1	0	0	 
	126	7	 	 	 	 	 	1	0	0	 
	127	6	 	 	 	 	 	4	4	0	 
	128	6	 	 	 	 	 	1	0	0	 
	129	7	 	 	 	 	 	1	0	0	 
	130	3	 	 	 	 	 	1	0	0	 
	131	7	 	 	 	 	 	1	0	0	 
	132	7	 	 	 	 	 	1	4	0	 
	133	9	 	 	 	 	 	1	4	0	 
	134	7	 	 	 	 	 	1	0	0	 
	135	7	 	 	 	 	 	1	4	0	 
	136	7	 	 	 	 	 	1	4	0	 
	137	7	 	 	 	 	 	1	4	0	 
	138	7	 	 	 	 	 	1	4	0	 
	139	9	 	 	 	 	 	1	0	0	 
	140	3	 	 	 	 	 	1	4	0	 
	141	7	 	 	 	 	 	1	4	0	 
	142	9	 	 	 	 	 	1	4	0	 
	143	7	 	 	 	 	 	1	4	0	 
	144	9	 	 	 	 	 	1	0	0	 
	145	7	 	 	 	 	 	1	0	0	 
	146	9	 	 	 	 	 	1	0	0	 
	147	9	 	 	 	 	 	1	4	0	 
	148	7	 	 	 	 	 	1	0	0	 
	149	9	 	 	 	 	 	1	4	0	 
	150	7	 	 	 	 	 	1	4	0	 
	151	7	 	 	 	 	 	1	4	0	 
	152	9	 	 	 	 	 	1	0	0	 
	153	7	 	 	 	 	 	1	0	0	 
	154	9	 	 	 	 	 	1	0	0	 
	155	9	 	 	 	 	 	1	0	0	 
	156	9	 	 	 	 	 	1	0	0	 
	157	7	 	 	 	 	 	1	4	0	 
	158	9	 	 	 	 	 	1	4	0	 
	159	9	 	 	 	 	 	1	0	0	 
	160	9	 	 	 	 	 	1	0	0	 
	161	6	 	 	 	 	 	1	4	0	 
	162	7	 	 	 	 	 	1	4	0	 
	163	9	 	 	 	 	 	1	4	0	 
	164	9	 	 	 	 	 	1	0	0	 
	165	9	 	 	 	 	 	1	4	0	 
	166	9	 	 	 	 	 	1	4	0	 
	167	9	 	 	 	 	 	1	4	0	 
	168	6	 	 	 	 	 	1	4	0	 
	169	7	 	 	 	 	 	1	0	0	 
	170	9	 	 	 	 	 	1	0	0	 
	171	9	 	 	 	 	 	1	0	0	 
	172	9	 	 	 	 	 	1	4	0	 
	173	9	 	 	 	 	 	1	0	0	 
	174	7	 	 	 	 	 	1	4	0	 
	175	7	 	 	 	 	 	1	0	0	 
	176	7	 	 	 	 	 	1	0	0	 
	177	9	 	 	 	 	 	1	4	0	 
	178	7	 	 	 	 	 	1	0	0	 
	179	7	 	 	 	 	 	1	4	0	 
	180	7	 	 	 	 	 	1	4	0	 
	181	7	 	 	 	 	 	1	4	0	 
	182	9	 	 	 	 	 	1	4	0	 
	183	9	 	 	 	 	 	1	0	0	 
	184	7	 	 	 	 	 	1	0	0	 
	185	7	 	 	 	 	 	1	0	0	 
	186	7	 	 	 	 	 	1	0	0	 
	187	9	 	 	 	 	 	1	4	0	 
	188	9	 	 	 	 	 	1	4	0	 
	189	9	 	 	 	 	 	1	0	0	 
	190	9	 	 	 	 	 	1	4	0	 
	191	9	 	 	 	 	 	1	0	0	 
	192	7	 	 	 	 	 	1	4	0	 
	193	9	 	 	 	 	 	1	0	0	 
	194	7	 	 	 	 	 	1	4	0	 
	195	9	 	 	 	 	 	1	0	0	 
	196	9	 	 	 	 	 	1	0	0	 
	197	7	 	 	 	 	 	1	4	0	 
	198	7	 	 	 	 	 	1	0	0	 
	199	9	 	 	 	 	 	1	0	0	 
	200	9	 	 	 	 	 	1	4	0	 
	201	9	 	 	 	 	 	1	4	0	 
	202	7	 	 	 	 	 	2	4	0	 
	203	7	 	 	 	 	 	2	4	0	 
	204	7	 	 	 	 	 	1	4	0	 
	205	9	 	 	 	 	 	1	4	0	 
	206	7	 	 	 	 	 	1	4	0	 
	207	7	 	 	 	 	 	1	0	0	 

 

 

 

	 	21	22	23	24	25	26	27	28	29	30
	KEY	Hybrid Period of
 Most Senior Lien (in
 months)	Neg Am Limit of
 Most Senior Lien	Junior Mortgage
 Balance	Origination Date of
 Most Senior Lien	Origination Date	Original Loan
 Amount	Original Interest
 Rate	Original
 Amortization Term	Original Term to
 Maturity	First Payment Date
 of Loan
	1	 	 	0.00	 	20120309	580000.00	0.047500	360	360	20120501
	2	 	 	0.00	 	20120410	517500.00	0.047500	360	360	20120601
	3	 	 	0.00	 	20120419	1000000.00	0.046250	360	360	20120601
	4	 	 	0.00	 	20120224	780000.00	0.045000	360	360	20120401
	5	 	 	0.00	 	20120301	787500.00	0.046250	360	360	20120501
	6	 	 	0.00	 	20120215	691000.00	0.045000	360	360	20120401
	7	 	 	0.00	 	20120229	880000.00	0.046250	360	360	20120501
	8	 	 	0.00	 	20120305	660000.00	0.046250	360	360	20120401
	9	 	 	0.00	 	20120417	783500.00	0.046250	360	360	20120601
	10	 	 	0.00	 	20120322	581400.00	0.042500	360	360	20120501
	11	 	 	0.00	 	20120402	650000.00	0.045000	360	360	20120501
	12	 	 	0.00	 	20120426	506500.00	0.048750	360	360	20120601
	13	 	 	0.00	 	20120322	826400.00	0.043750	360	360	20120501
	14	 	 	0.00	 	20120309	975000.00	0.041250	360	360	20120501
	15	 	 	0.00	 	20120403	807200.00	0.045000	360	360	20120601
	16	 	 	0.00	 	20120302	875000.00	0.047500	360	360	20120501
	17	 	 	0.00	 	20120227	570000.00	0.046250	360	360	20120401
	18	 	 	0.00	 	20120222	972000.00	0.046250	360	360	20120401
	19	 	 	0.00	 	20120326	449800.00	0.048750	360	360	20120501
	20	 	 	0.00	 	20120326	1120000.00	0.043750	360	360	20120501
	21	 	 	0.00	 	20120203	701880.00	0.045000	360	360	20120401
	22	 	 	0.00	 	20120423	750000.00	0.048750	360	360	20120601
	23	 	 	235000.00	 	20120413	1410000.00	0.042500	360	360	20120601
	24	 	 	0.00	 	20120309	757000.00	0.046250	360	360	20120501
	25	 	 	0.00	 	20120403	847500.00	0.043750	360	360	20120601
	26	 	 	0.00	 	20120416	700000.00	0.043750	360	360	20120601
	27	 	 	0.00	 	20120418	669750.00	0.047500	360	360	20120601
	28	 	 	0.00	 	20120326	592300.00	0.045000	360	360	20120501
	29	 	 	0.00	 	20120228	536000.00	0.047500	360	360	20120501
	30	 	 	0.00	 	20120227	660000.00	0.046250	360	360	20120401
	31	 	 	0.00	 	20120430	952500.00	0.046250	360	360	20120601
	32	 	 	0.00	 	20120501	1237500.00	0.045000	360	360	20120601
	33	 	 	0.00	 	20120401	750000.00	0.043750	360	360	20120501
	34	 	 	0.00	 	20120401	645600.00	0.048750	360	360	20120501
	35	 	 	0.00	 	20120501	785000.00	0.048750	360	360	20120601
	36	 	 	0.00	 	20120501	644000.00	0.048750	360	360	20120601
	37	 	 	0.00	 	20120425	592000.00	0.048750	360	360	20120601
	38	 	 	0.00	 	20120413	1335000.00	0.042500	360	360	20120601
	39	 	 	0.00	 	20120209	970000.00	0.046250	360	360	20120401
	40	 	 	0.00	 	20120210	1200000.00	0.048750	360	360	20120401
	41	 	 	0.00	 	20120222	900000.00	0.050000	360	360	20120401
	42	 	 	0.00	 	20120409	1500000.00	0.045000	360	360	20120601
	43	 	 	0.00	 	20111229	749999.00	0.048750	360	360	20120201
	44	 	 	0.00	 	20120124	776000.00	0.047500	360	360	20120301
	45	 	 	0.00	 	20120227	1195500.00	0.042500	360	360	20120401
	46	 	 	450000.00	 	20120221	868500.00	0.046250	360	360	20120401
	47	 	 	0.00	 	20120224	514000.00	0.047500	360	360	20120401
	48	 	 	0.00	 	20120403	912000.00	0.045000	360	360	20120601
	49	 	 	150000.00	 	20120314	676000.00	0.046250	360	360	20120501
	50	 	 	0.00	 	20120229	1470000.00	0.047500	360	360	20120401
	51	 	 	0.00	 	20120227	998000.00	0.046250	360	360	20120401
	52	 	 	0.00	 	20120314	740000.00	0.048750	360	360	20120501
	53	 	 	0.00	 	20120224	1312500.00	0.048750	360	360	20120401
	54	 	 	0.00	 	20120411	613000.00	0.046250	360	360	20120601
	55	 	 	0.00	 	20120223	860000.00	0.045000	360	360	20120401
	56	 	 	0.00	 	20120426	775000.00	0.045000	360	360	20120701
	57	 	 	0.00	 	20120418	700000.00	0.046250	360	360	20120601
	58	 	 	0.00	 	20120417	850000.00	0.045000	360	360	20120601
	59	 	 	0.00	 	20120418	746250.00	0.045000	360	360	20120601
	60	 	 	0.00	 	20120501	565000.00	0.043750	360	360	20120701
	61	 	 	0.00	 	20120326	960000.00	0.050000	360	360	20120501
	62	 	 	0.00	 	20120331	770000.00	0.047500	360	360	20120601
	63	 	 	0.00	 	20120404	705250.00	0.047500	360	360	20120601
	64	 	 	0.00	 	20120427	736000.00	0.043750	360	360	20120601
	65	 	 	0.00	 	20120329	806000.00	0.047500	360	360	20120501
	66	 	 	0.00	 	20120411	525000.00	0.045000	360	360	20120601
	67	 	 	0.00	 	20120503	880000.00	0.046250	360	360	20120701
	68	 	 	0.00	 	20120427	676000.00	0.046250	360	360	20120601
	69	 	 	0.00	 	20120307	958750.00	0.043750	360	360	20120501
	70	 	 	0.00	 	20120423	1662500.00	0.045000	360	360	20120601
	71	 	 	0.00	 	20120323	990000.00	0.045000	360	360	20120501
	72	 	 	0.00	 	20120327	915000.00	0.043750	360	360	20120501
	73	 	 	0.00	 	20120329	856000.00	0.046250	360	360	20120501
	74	 	 	0.00	 	20120309	720000.00	0.047500	360	360	20120601
	75	 	 	0.00	 	20120224	936000.00	0.043750	360	360	20120401
	76	 	 	100000.00	 	20120224	1000000.00	0.046250	360	360	20120401
	77	 	 	0.00	 	20120314	677000.00	0.043750	360	360	20120501
	78	 	 	0.00	 	20120430	675000.00	0.045000	360	360	20120601
	79	 	 	0.00	 	20120425	636000.00	0.047500	360	360	20120601
	80	 	 	0.00	 	20120328	943000.00	0.046250	360	360	20120501
	81	 	 	0.00	 	20120410	624350.00	0.046250	360	360	20120601
	82	 	 	0.00	 	20120412	1093000.00	0.045000	360	360	20120601
	83	 	 	0.00	 	20120411	648000.00	0.043750	360	360	20120601
	84	 	 	0.00	 	20120329	552800.00	0.047500	360	360	20120501
	85	 	 	0.00	 	20120328	685500.00	0.048750	360	360	20120501
	86	 	 	0.00	 	20120329	994000.00	0.043750	360	360	20120501
	87	 	 	0.00	 	20120309	567000.00	0.048750	360	360	20120501
	88	 	 	0.00	 	20120224	627650.00	0.046250	360	360	20120401
	89	 	 	0.00	 	20120222	825000.00	0.048750	360	360	20120401
	90	 	 	0.00	 	20120224	463920.00	0.043750	360	360	20120401
	91	 	 	0.00	 	20120307	1000000.00	0.042500	360	360	20120501
	92	 	 	0.00	 	20120312	623000.00	0.045000	360	360	20120501
	93	 	 	0.00	 	20120321	735000.00	0.045000	360	360	20120501
	94	 	 	0.00	 	20120427	672000.00	0.043750	360	360	20120601
	95	 	 	0.00	 	20120320	1939000.00	0.046250	360	360	20120501
	96	 	 	0.00	 	20120322	750000.00	0.046250	360	360	20120501
	97	 	 	0.00	 	20120412	575000.00	0.046250	360	360	20120601
	98	 	 	0.00	 	20120320	568000.00	0.045000	360	360	20120501
	99	 	 	0.00	 	20120411	1275613.00	0.050000	360	360	20120601
	100	 	 	0.00	 	20120427	1158000.00	0.045000	360	360	20120701
	101	 	 	0.00	 	20120409	926681.00	0.043750	360	360	20120601
	102	 	 	0.00	 	20120319	564000.00	0.046250	360	360	20120501
	103	 	 	0.00	 	20120330	716000.00	0.048750	360	360	20120501
	104	 	 	0.00	 	20120424	448000.00	0.041250	360	360	20120601
	105	 	 	0.00	 	20120416	755000.00	0.045000	360	360	20120601
	106	 	 	0.00	 	20120409	692000.00	0.047500	360	360	20120601
	107	 	 	0.00	 	20120427	868000.00	0.045000	360	360	20120601
	108	 	 	0.00	 	20120412	708000.00	0.048750	360	360	20120601
	109	 	 	0.00	 	20120426	753600.00	0.047500	360	360	20120601
	110	 	 	0.00	 	20120503	500000.00	0.042500	360	360	20120701
	111	 	 	0.00	 	20120508	500000.00	0.048750	360	360	20120701
	112	 	 	0.00	 	20120504	845000.00	0.045000	360	360	20120701
	113	 	 	0.00	 	20120501	640000.00	0.048750	360	360	20120701
	114	 	 	0.00	 	20120508	716250.00	0.047500	360	360	20120701
	115	 	 	0.00	 	20120326	715000.00	0.045000	360	360	20120501
	116	 	 	0.00	 	20120405	800000.00	0.043750	360	360	20120601
	117	 	 	0.00	 	20120430	753600.00	0.042500	360	360	20120601
	118	 	 	0.00	 	20120309	670000.00	0.045000	360	360	20120501
	119	 	 	0.00	 	20120330	646680.00	0.050000	360	360	20120501
	120	 	 	0.00	 	20120423	1080000.00	0.045000	360	360	20120601
	121	 	 	0.00	 	20120501	1000000.00	0.042500	360	360	20120701
	122	 	 	0.00	 	20120221	699500.00	0.046250	360	360	20120401
	123	 	 	0.00	 	20120327	756000.00	0.048750	360	360	20120501
	124	 	 	0.00	 	20120323	536000.00	0.048750	360	360	20120501
	125	 	 	0.00	 	20120430	562500.00	0.046250	360	360	20120601
	126	 	 	0.00	 	20120430	1312500.00	0.042500	360	360	20120601
	127	 	 	0.00	 	20120406	460000.00	0.042500	360	360	20120601
	128	 	 	0.00	 	20120215	910000.00	0.048750	360	360	20120401
	129	 	 	0.00	 	20120328	700000.00	0.045000	360	360	20120501
	130	 	 	0.00	 	20120427	657100.00	0.047500	360	360	20120601
	131	 	 	0.00	 	20120510	843750.00	0.043750	360	360	20120702
	132	 	 	0.00	 	20120501	965000.00	0.043750	360	360	20120701
	133	 	 	0.00	 	20120314	853000.00	0.045000	360	360	20120501
	134	 	 	0.00	 	20120319	775000.00	0.043750	360	360	20120501
	135	 	 	0.00	 	20120229	540000.00	0.045000	360	360	20120401
	136	 	 	0.00	 	20120327	668000.00	0.042500	360	360	20120501
	137	 	 	0.00	 	20120109	555000.00	0.048750	360	360	20120301
	138	 	 	0.00	 	20111121	560000.00	0.047500	360	360	20120101
	139	 	 	0.00	 	20120501	735000.00	0.043750	360	360	20120601
	140	 	 	0.00	 	20120224	725000.00	0.045000	360	360	20120401
	141	 	 	0.00	 	20120313	1500000.00	0.045000	360	360	20120501
	142	 	 	0.00	 	20120214	1350000.00	0.047500	360	360	20120401
	143	 	 	0.00	 	20120221	992000.00	0.045000	360	360	20120401
	144	 	 	0.00	 	20120210	733500.00	0.048750	360	360	20120401
	145	 	 	0.00	 	20120503	1000000.00	0.040000	360	360	20120601
	146	 	 	0.00	 	20111021	940000.00	0.046250	360	360	20111201
	147	 	 	0.00	 	20120314	603000.00	0.042500	360	360	20120501
	148	 	 	0.00	 	20120229	999999.00	0.045000	360	360	20120401
	149	 	 	0.00	 	20120215	627500.00	0.046250	360	360	20120401
	150	 	 	0.00	 	20120316	562500.00	0.042500	360	360	20120501
	151	 	 	0.00	 	20120410	600000.00	0.045000	360	360	20120601
	152	 	 	0.00	 	20120329	1652000.00	0.045000	360	360	20120501
	153	 	 	0.00	 	20120402	760000.00	0.047500	360	360	20120601
	154	 	 	0.00	 	20120126	617000.00	0.048750	360	360	20120301
	155	 	 	0.00	 	20120130	960000.00	0.048750	360	360	20120301
	156	 	 	0.00	 	20120218	880000.00	0.046250	360	360	20120401
	157	 	 	0.00	 	20120119	700000.00	0.048750	360	360	20120301
	158	 	 	0.00	 	20120425	680000.00	0.043750	360	360	20120601
	159	 	 	0.00	 	20120326	820000.00	0.047500	360	360	20120501
	160	 	 	0.00	 	20120314	997500.00	0.045000	360	360	20120501
	161	 	 	0.00	 	20120320	670550.00	0.046250	360	360	20120501
	162	 	 	0.00	 	20120417	455000.00	0.046250	360	360	20120601
	163	 	 	58800.00	 	20120420	557200.00	0.048750	360	360	20120601
	164	 	 	0.00	 	20120309	827100.00	0.047500	360	360	20120501
	165	 	 	0.00	 	20110711	577500.00	0.051250	360	360	20110901
	166	 	 	0.00	 	20120319	803000.00	0.046250	360	360	20120501
	167	 	 	0.00	 	20120226	688000.00	0.046250	360	360	20120401
	168	 	 	0.00	 	20120315	637400.00	0.042500	360	360	20120501
	169	 	 	0.00	 	20120503	1023750.00	0.045000	360	360	20120701
	170	 	 	0.00	 	20120315	782800.00	0.046250	360	360	20120501
	171	 	 	0.00	 	20120323	1000000.00	0.046250	360	360	20120501
	172	 	 	0.00	 	20120322	1000000.00	0.043750	360	360	20120501
	173	 	 	0.00	 	20120417	700000.00	0.043750	360	360	20120601
	174	 	 	0.00	 	20120417	789600.00	0.043750	360	360	20120601
	175	 	 	0.00	 	20120327	1498500.00	0.045000	360	360	20120501
	176	 	 	0.00	 	20120424	709600.00	0.043750	360	360	20120601
	177	 	 	0.00	 	20120412	1183000.00	0.043750	360	360	20120601
	178	 	 	0.00	 	20120329	656250.00	0.042500	360	360	20120501
	179	 	 	0.00	 	20120501	988000.00	0.048750	360	360	20120601
	180	 	 	0.00	 	20120328	597800.00	0.042500	360	360	20120501
	181	 	 	0.00	 	20120418	770950.00	0.045000	360	360	20120601
	182	 	 	0.00	 	20120127	637500.00	0.048750	360	360	20120301
	183	 	 	0.00	 	20120307	732000.00	0.041250	360	360	20120501
	184	 	 	0.00	 	20120320	630850.00	0.046250	360	360	20120501
	185	 	 	0.00	 	20120509	501700.00	0.046250	360	360	20120701
	186	 	 	0.00	 	20120409	1000000.00	0.043750	360	360	20120601
	187	 	 	0.00	 	20120413	955400.00	0.043750	360	360	20120601
	188	 	 	0.00	 	20120112	532000.00	0.045000	360	360	20120301
	189	 	 	0.00	 	20120319	822250.00	0.046250	360	360	20120501
	190	 	 	0.00	 	20120310	683000.00	0.046250	360	360	20120501
	191	 	 	0.00	 	20120223	917350.00	0.047500	360	360	20120401
	192	 	 	0.00	 	20120312	640000.00	0.047500	360	360	20120501
	193	 	 	0.00	 	20120316	1761200.00	0.045000	360	360	20120501
	194	 	 	0.00	 	20120209	600000.00	0.045000	360	360	20120401
	195	 	 	0.00	 	20120123	660000.00	0.043750	360	360	20120301
	196	 	 	0.00	 	20120323	912800.00	0.043750	360	360	20120501
	197	 	 	0.00	 	20120430	600000.00	0.043750	360	360	20120601
	198	 	 	0.00	 	20120330	650000.00	0.041250	360	360	20120501
	199	 	 	0.00	 	20120416	500000.00	0.047500	360	360	20120601
	200	 	 	0.00	 	20120413	800000.00	0.046250	360	360	20120601
	201	 	 	0.00	 	20120411	832400.00	0.046250	360	360	20120601
	202	 	 	0.00	 	20120502	999999.00	0.043750	360	360	20120701
	203	 	 	0.00	 	20120517	468750.00	0.045000	360	360	20120701
	204	 	 	0.00	 	20120404	1495000.00	0.045000	360	360	20120601
	205	 	 	0.00	 	20120518	681500.00	0.043750	360	360	20120701
	206	 	 	0.00	 	20120511	661840.00	0.046250	360	360	20120701
	207	 	 	0.00	 	20120504	581600.00	0.046250	360	360	20120701

 

	 	31	32	33	34	35	36	37	38	39	40
	KEY	Interest Type
 Indicator	Original Interest
 Only Term	Buy Down Period	HELOC Draw Period	Current Loan
 Amount	Current Interest
 Rate	Current Payment
 Amount Due	Interest Paid
 Through Date	Current Payment
 Status	Index Type
	1	1	0	0	0	578537.67	0.047500	3025.55	20120601	0	0
	2	1	0	0	0	516848.92	0.047500	2699.52	20120601	0	0
	3	1	0	0	0	997786.68	0.046250	5141.40	20120601	0	0
	4	1	0	0	0	776906.98	0.045000	3952.15	20120601	0	0
	5	1	0	0	0	785468.71	0.046250	4048.85	20120601	0	0
	6	1	0	0	0	688259.90	0.045000	3501.20	20120601	0	0
	7	1	0	0	0	877620.33	0.046250	4524.43	20120601	0	0
	8	1	0	0	0	657434.43	0.046250	3393.32	20120601	0	0
	9	1	0	0	0	782491.46	0.046250	4028.28	20120601	0	0
	10	1	0	0	0	579795.14	0.042500	2860.14	20120601	0	0
	11	1	0	0	0	648275.96	0.045000	3293.45	20120601	0	0
	12	1	0	0	0	505876.28	0.048750	2680.44	20120601	0	0
	13	1	0	0	0	824169.60	0.043750	4126.09	20120601	0	0
	14	1	0	0	0	972247.75	0.041250	4725.33	20120601	0	0
	15	1	0	0	0	806137.04	0.045000	4089.96	20120601	0	0
	16	1	0	0	0	872793.90	0.047500	4564.41	20120601	0	0
	17	1	0	0	0	567790.34	0.046250	2930.60	20120601	0	0
	18	1	0	0	0	968231.95	0.046250	4997.44	20120601	0	0
	19	1	0	0	0	444679.43	0.048750	2380.38	20120601	0	0
	20	1	0	0	0	1116977.16	0.043750	5591.99	20120601	0	0
	21	1	0	0	0	699096.76	0.045000	3556.32	20120601	0	0
	22	1	0	0	0	749077.81	0.048750	3969.06	20120601	0	0
	23	1	0	0	0	1408057.39	0.042500	6936.35	20120601	0	0
	24	1	0	0	0	752831.20	0.046250	3892.04	20120601	0	0
	25	1	0	0	0	846358.40	0.043750	4231.44	20120601	0	0
	26	1	0	0	0	699057.08	0.043750	3495.00	20120601	0	0
	27	1	0	0	0	668907.36	0.047500	3493.73	20120601	0	0
	28	1	0	0	0	590264.40	0.045000	3001.10	20120601	0	0
	29	1	0	0	0	534648.61	0.047500	2796.03	20120601	0	0
	30	1	0	0	0	656225.76	0.046250	3393.32	20120601	0	0
	31	1	0	0	0	951273.91	0.046250	4897.18	20120601	0	0
	32	1	0	0	0	1235870.40	0.045000	6270.23	20120601	0	0
	33	1	0	0	0	747975.79	0.043750	3744.64	20120601	0	0
	34	1	0	0	0	644115.51	0.048750	3416.57	20120601	0	0
	35	1	0	0	0	784034.77	0.048750	4154.28	20120601	0	0
	36	1	0	0	0	643208.15	0.048750	3408.10	20120601	0	0
	37	1	0	0	0	591272.08	0.048750	3132.91	20120601	0	0
	38	1	0	0	0	1333160.73	0.042500	6567.40	20120601	0	0
	39	1	0	0	0	966239.72	0.046250	4987.15	20120601	0	0
	40	1	0	0	0	1195555.50	0.048750	6350.50	20120601	0	0
	41	1	0	0	0	896742.26	0.050000	4831.39	20120601	0	0
	42	1	0	0	0	1498024.72	0.045000	7600.28	20120601	0	0
	43	1	0	0	0	745350.43	0.048750	3969.06	20120601	0	0
	44	1	0	0	0	772071.50	0.047500	4047.98	20120601	0	0
	45	1	0	0	0	1190541.25	0.042500	5881.14	20120601	0	0
	46	1	0	0	0	865133.19	0.046250	4465.30	20120601	0	0
	47	1	0	0	0	512052.24	0.047500	2681.27	20120601	0	0
	48	1	0	0	0	910799.03	0.045000	4620.97	20120601	0	0
	49	1	0	0	0	674256.32	0.046250	3475.58	20120601	0	0
	50	1	0	0	0	1464429.60	0.047500	7668.22	20120601	0	0
	51	1	0	0	0	993004.39	0.046250	5131.11	20120601	0	0
	52	1	0	0	0	738176.52	0.048750	3916.14	20120601	0	0
	53	1	0	0	0	1296692.45	0.048750	6945.86	20120601	0	0
	54	1	0	0	0	612025.59	0.046250	3151.68	20120601	0	0
	55	1	0	0	0	856589.77	0.045000	4357.49	20120601	0	0
	56	1	0	0	0	775000.00	0.045000	3926.81	20120601	0	0
	57	1	0	0	0	699098.94	0.046250	3598.98	20120601	0	0
	58	1	0	0	0	848880.67	0.045000	4306.83	20120601	0	0
	59	1	0	0	0	745267.30	0.045000	3781.14	20120601	0	0
	60	1	0	0	0	565000.00	0.043750	2820.96	20120601	0	0
	61	1	0	0	0	957688.21	0.050000	5153.49	20120601	0	0
	62	1	0	0	0	769031.24	0.047500	4016.68	20120601	0	0
	63	1	0	0	0	704362.69	0.047500	3678.92	20120601	0	0
	64	1	0	0	0	735008.59	0.043750	3674.74	20120601	0	0
	65	1	0	0	0	803967.86	0.047500	4204.48	20120601	0	0
	66	1	0	0	0	524308.65	0.045000	2660.10	20120601	0	0
	67	1	0	0	0	879956.00	0.046250	4524.43	20120601	0	0
	68	1	0	0	0	675129.84	0.046250	3475.58	20120601	0	0
	69	1	0	0	0	956162.37	0.043750	4786.90	20120601	0	0
	70	1	0	0	0	1660310.74	0.045000	8423.64	20120601	0	0
	71	1	0	0	0	987387.75	0.045000	5016.18	20120601	0	0
	72	1	0	0	0	912530.46	0.043750	4568.46	20120601	0	0
	73	1	0	0	0	853792.03	0.046250	4401.03	20120601	0	0
	74	1	0	0	0	719094.14	0.047500	3755.86	20120601	0	0
	75	1	0	0	0	919814.73	0.043750	4673.31	20120601	0	0
	76	1	0	0	0	996123.43	0.046250	5141.40	20120601	0	0
	77	1	0	0	0	669923.58	0.043750	3380.16	20120601	0	0
	78	1	0	0	0	674111.12	0.045000	3420.13	20120601	0	0
	79	1	0	0	0	635199.82	0.047500	3317.68	20120601	0	0
	80	1	0	0	0	940567.61	0.046250	4848.34	20120601	0	0
	81	1	0	0	0	623546.32	0.046250	3210.03	20120601	0	0
	82	1	0	0	0	1091560.67	0.045000	5538.07	20120601	0	0
	83	1	0	0	0	647127.13	0.043750	3235.37	20120601	0	0
	84	1	0	0	0	551406.24	0.047500	2883.67	20120601	0	0
	85	1	0	0	0	683810.82	0.048750	3627.72	20120601	0	0
	86	1	0	0	0	991317.24	0.043750	4962.90	20120601	0	0
	87	1	0	0	0	565602.81	0.048750	3000.61	20120601	0	0
	88	1	0	0	0	625216.84	0.046250	3227.00	20120601	0	0
	89	1	0	0	0	821944.39	0.048750	4365.97	20120601	0	0
	90	1	0	0	0	462038.41	0.043750	2316.28	20120601	0	0
	91	1	0	0	0	997239.66	0.042500	4919.40	20120601	0	0
	92	1	0	0	0	621356.12	0.045000	3156.65	20120601	0	0
	93	1	0	0	0	733060.59	0.045000	3724.14	20120601	0	0
	94	1	0	0	0	671094.80	0.043750	3355.20	20120601	0	0
	95	1	0	0	0	1933998.50	0.046250	9969.17	20120601	0	0
	96	1	0	0	0	748065.43	0.046250	3856.05	20120601	0	0
	97	1	0	0	0	574259.84	0.046250	2956.30	20120601	0	0
	98	1	0	0	0	566501.24	0.045000	2877.97	20120601	0	0
	99	1	0	0	0	1274080.28	0.050000	6847.77	20120601	0	0
	100	1	0	0	0	1158000.00	0.045000	5867.42	20120601	0	0
	101	1	0	0	0	925432.73	0.043750	4626.78	20120601	0	0
	102	1	0	0	0	562545.20	0.046250	2899.75	20120601	0	0
	103	1	0	0	0	714235.64	0.048750	3789.13	20120601	0	0
	104	1	0	0	0	447368.76	0.041250	2171.23	20120601	0	0
	105	1	0	0	0	754005.77	0.045000	3825.47	20120601	0	0
	106	1	0	0	0	691129.37	0.047500	3609.80	20120601	0	0
	107	1	0	0	0	866856.97	0.045000	4398.03	20120601	0	0
	108	1	0	0	0	707129.45	0.048750	3746.79	20120601	0	0
	109	1	0	0	0	752651.86	0.047500	3931.13	20120601	0	0
	110	1	0	0	0	500000.00	0.042500	2459.70	20120601	0	0
	111	1	0	0	0	500000.00	0.048750	2646.04	20120601	0	0
	112	1	0	0	0	845000.00	0.045000	4281.49	20120601	0	0
	113	1	0	0	0	640000.00	0.048750	3386.93	20120601	0	0
	114	1	0	0	0	716250.00	0.047500	3736.30	20120601	0	0
	115	1	0	0	0	713113.37	0.045000	3622.80	20120601	0	0
	116	1	0	0	0	798922.39	0.043750	3994.28	20120601	0	0
	117	1	0	0	0	752561.74	0.042500	3707.26	20120601	0	0
	118	1	0	0	0	668232.11	0.045000	3394.79	20120601	0	0
	119	1	0	0	0	645122.72	0.050000	3471.52	20120601	0	0
	120	1	0	0	0	1078577.80	0.045000	5472.20	20120601	0	0
	121	1	0	0	0	1000000.00	0.042500	4919.40	20120601	0	0
	122	1	0	0	0	696788.32	0.046250	3596.41	20120601	0	0
	123	1	0	0	0	754137.08	0.048750	4000.81	20120601	0	0
	124	1	0	0	0	534679.20	0.048750	2836.56	20120601	0	0
	125	1	0	0	0	561775.93	0.046250	2892.03	20120601	0	0
	126	1	0	0	0	1310691.72	0.042500	6456.71	20120601	0	0
	127	1	0	0	0	459366.24	0.042500	2262.92	20120601	0	0
	128	1	0	0	0	906629.61	0.048750	4815.79	20120601	0	0
	129	1	0	0	0	698152.94	0.045000	3546.80	20120601	0	0
	130	1	0	0	0	656273.28	0.047500	3427.74	20120601	0	0
	131	1	0	0	0	843750.00	0.043750	4212.72	20120601	0	0
	132	1	0	0	0	965000.00	0.043750	4818.10	20120601	0	0
	133	1	0	0	0	850106.19	0.045000	4322.03	20120601	0	0
	134	1	0	0	0	772908.31	0.043750	3869.46	20120601	0	0
	135	1	0	0	0	537858.69	0.045000	2736.10	20120601	0	0
	136	1	0	0	0	666156.08	0.042500	3286.16	20120601	0	0
	137	1	0	0	0	552253.64	0.048750	2937.11	20120601	0	0
	138	1	0	0	0	555730.56	0.047500	2921.23	20120601	0	0
	139	1	0	0	0	734009.94	0.043750	3669.75	20120601	0	0
	140	1	0	0	0	721838.88	0.045000	3673.47	20120601	0	0
	141	1	0	0	0	1496042.03	0.045000	7600.28	20120601	0	0
	142	1	0	0	0	1344884.34	0.047500	7042.24	20120601	0	0
	143	1	0	0	0	988066.32	0.045000	5026.32	20120601	0	0
	144	1	0	0	0	730783.30	0.048750	3881.74	20120601	0	0
	145	1	0	0	0	998559.18	0.040000	4774.15	20120601	0	0
	146	1	0	0	0	931431.47	0.046250	4832.91	20120601	0	0
	147	1	0	0	0	601335.51	0.042500	2966.40	20120601	0	0
	148	1	0	0	0	996033.61	0.045000	5066.85	20120601	0	0
	149	1	0	0	0	624466.28	0.046250	3226.23	20120601	0	0
	150	1	0	0	0	560947.31	0.042500	2767.16	20120601	0	0
	151	1	0	0	0	599096.06	0.045000	3040.11	20120601	0	0
	152	1	0	0	0	1647640.96	0.045000	8370.44	20120601	0	0
	153	1	0	0	0	759008.33	0.047500	3964.52	20120601	0	0
	154	1	0	0	0	613946.87	0.048750	3265.21	20120601	0	0
	155	1	0	0	0	955249.55	0.048750	5080.40	20120601	0	0
	156	1	0	0	0	876588.60	0.046250	4524.43	20120601	0	0
	157	1	0	0	0	696536.12	0.048750	3704.46	20120601	0	0
	158	1	0	0	0	679084.03	0.043750	3395.14	20120601	0	0
	159	1	0	0	0	817932.56	0.047500	4277.51	20120601	0	0
	160	1	0	0	0	994867.95	0.045000	5054.19	20120601	0	0
	161	1	0	0	0	668820.37	0.046250	3447.56	20120601	0	0
	162	1	0	0	0	454414.32	0.046250	2339.33	20120601	0	0
	163	1	0	0	0	556155.89	0.048750	2948.75	20120601	0	0
	164	1	0	0	0	825014.66	0.047500	4314.55	20120601	0	0
	165	1	0	0	0	566649.79	0.051250	3144.41	20120601	0	0
	166	1	0	0	0	800928.73	0.046250	4128.54	20120601	0	0
	167	1	0	0	0	685332.91	0.046250	3537.28	20120601	0	0
	168	1	0	0	0	635640.57	0.042500	3135.62	20120601	0	0
	169	1	0	0	0	1023750.00	0.045000	5187.19	20120601	0	0
	170	1	0	0	0	780780.84	0.046250	4024.68	20120601	0	0
	171	1	0	0	0	997420.58	0.046250	5141.40	20120601	0	0
	172	1	0	0	0	997301.05	0.043750	4992.85	20120601	0	0
	173	1	0	0	0	699057.08	0.043750	3495.00	20120601	0	0
	174	1	0	0	0	788536.39	0.043750	3942.36	20120601	0	0
	175	1	0	0	0	1494545.99	0.045000	7592.68	20120601	0	0
	176	1	0	0	0	708644.15	0.043750	3542.93	20120601	0	0
	177	1	0	0	0	1178636.44	0.043750	5906.54	20120601	0	0
	178	1	0	0	0	654438.51	0.042500	3228.36	20120601	0	0
	179	1	0	0	0	986785.18	0.048750	5228.58	20120601	0	0
	180	1	0	0	0	596149.87	0.042500	2940.82	20120601	0	0
	181	1	0	0	0	769934.77	0.045000	3906.29	20120601	0	0
	182	1	0	0	0	634345.41	0.048750	3373.70	20120601	0	0
	183	1	0	0	0	729933.67	0.041250	3547.64	20120601	0	0
	184	1	0	0	0	629222.77	0.046250	3243.45	20120601	0	0
	185	1	0	0	0	501700.00	0.046250	2579.44	20120601	0	0
	186	1	0	0	0	998652.98	0.043750	4992.85	20120601	0	0
	187	1	0	0	0	954113.06	0.043750	4770.17	20120601	0	0
	188	1	0	0	0	529181.92	0.045000	2695.57	20120601	0	0
	189	1	0	0	0	820129.08	0.046250	4227.51	20120601	0	0
	190	1	0	0	0	681238.27	0.046250	3511.57	20120601	0	0
	191	1	0	0	0	913873.82	0.047500	4785.33	20120601	0	0
	192	1	0	0	0	638386.40	0.047500	3338.54	20120601	0	0
	193	1	0	0	0	1756552.82	0.045000	8923.74	20120601	0	0
	194	1	0	0	0	597620.77	0.045000	3040.11	20120601	0	0
	195	1	0	0	0	656424.39	0.043750	3295.28	20120601	0	0
	196	1	0	0	0	910336.39	0.043750	4557.48	20120601	0	0
	197	1	0	0	0	599191.79	0.043750	2995.71	20120601	0	0
	198	1	0	0	0	648165.17	0.041250	3150.22	20120601	0	0
	199	1	0	0	0	499370.93	0.047500	2608.24	20120601	0	0
	200	1	0	0	0	798970.22	0.046250	4113.12	20120601	0	0
	201	1	0	0	0	831328.50	0.046250	4279.70	20120601	0	0
	202	1	0	0	0	999999.00	0.043750	4992.85	20120601	0	0
	203	1	0	0	0	468750.00	0.045000	2375.09	20120601	0	0
	204	1	0	0	0	1493031.30	0.045000	7574.95	20120601	0	0
	205	1	0	0	0	681500.00	0.043750	3402.63	20120601	0	0
	206	1	0	0	0	661840.00	0.046250	3402.78	20120601	0	0
	207	1	0	0	0	581600.00	0.046250	2990.24	20120601	0	0

 

 

	 	41	42	43	44	45	46	47	48	49	50
	KEY	ARM Look-back
 Days	Gross Margin	ARM Round Flag	ARM Round Factor	Initial Fixed Rate
 Period	Initial Interest Rate
 Cap (Change Up)	Initial Interest Rate
 Cap (Change Down)	Subsequent Interest
 Rate Reset Period	Subsequent Interest
 Rate Cap (Change Down)	Subsequent Interest
 Rate Cap (Change
 Up)
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	206	 	 	 	 	 	 	 	 	 	 
	207	 	 	 	 	 	 	 	 	 	 

 

 

	 	51	52	53	54	55	56	57	58	59	60
	KEY	Lifetime Maximum
 Rate (Ceiling)	Lifetime Minimum
 Rate (Floor)	Negative
 Amortization Limit	Initial Negative
 Amortization Recast
 Period	Subsequent
 Negative
 Amortization Recast
 Period	Initial Fixed
 Payment Period	Subsequent
 Payment Reset
 Period	Initial Periodic
 Payment Cap	Subsequent
 Periodic Payment
 Cap	Initial Minimum
 Payment Reset
 Period
	1	 	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 	 
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	176	 	 	 	 	 	 	 	 	 	 
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	206	 	 	 	 	 	 	 	 	 	 
	207	 	 	 	 	 	 	 	 	 	 

 

 

	 	61	62	63	64	65	66	67	68	69	70
	KEY	Subsequent
 Minimum Payment
 Reset Period	Option ARM
 Indicator	Options at Recast	Initial Minimum
 Payment	Current Minimum
 Payment	Prepayment Penalty
 Calculation	Prepayment Penalty
 Type	Prepayment Penalty
 Total Term	Prepayment Penalty
 Hard Term	Primary Borrower ID
	1	 	 	 	 	 	 	 	0	 	193
	2	 	 	 	 	 	 	 	0	 	274
	3	 	 	 	 	 	 	 	0	 	271
	4	 	 	 	 	 	 	 	0	 	8
	5	 	 	 	 	 	 	 	0	 	197
	6	 	 	 	 	 	 	 	0	 	208
	7	 	 	 	 	 	 	 	0	 	202
	8	 	 	 	 	 	 	 	0	 	2
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	17	 	 	 	 	 	 	 	0	 	123
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	20	 	 	 	 	 	 	 	0	 	138
	21	 	 	 	 	 	 	 	0	 	281
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	24	 	 	 	 	 	 	 	0	 	174
	25	 	 	 	 	 	 	 	0	 	195
	26	 	 	 	 	 	 	 	0	 	40
	27	 	 	 	 	 	 	 	0	 	99
	28	 	 	 	 	 	 	 	0	 	187
	29	 	 	 	 	 	 	 	0	 	150
	30	 	 	 	 	 	 	 	0	 	171
	31	 	 	 	 	 	 	 	0	 	298
	32	 	 	 	 	 	 	 	0	 	250
	33	 	 	 	 	 	 	 	0	 	240
	34	 	 	 	 	 	 	 	0	 	32
	35	 	 	 	 	 	 	 	0	 	284
	36	 	 	 	 	 	 	 	0	 	27
	37	 	 	 	 	 	 	 	0	 	317
	38	 	 	 	 	 	 	 	0	 	283
	39	 	 	 	 	 	 	 	0	 	211
	40	 	 	 	 	 	 	 	0	 	38
	41	 	 	 	 	 	 	 	0	 	261
	42	 	 	 	 	 	 	 	0	 	53
	43	 	 	 	 	 	 	 	0	 	300
	44	 	 	 	 	 	 	 	0	 	234
	45	 	 	 	 	 	 	 	0	 	189
	46	 	 	 	 	 	 	 	0	 	35
	47	 	 	 	 	 	 	 	0	 	304
	48	 	 	 	 	 	 	 	0	 	131
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	53	 	 	 	 	 	 	 	0	 	267
	54	 	 	 	 	 	 	 	0	 	96
	55	 	 	 	 	 	 	 	0	 	252
	56	 	 	 	 	 	 	 	0	 	191
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	58	 	 	 	 	 	 	 	0	 	276
	59	 	 	 	 	 	 	 	0	 	144
	60	 	 	 	 	 	 	 	0	 	7
	61	 	 	 	 	 	 	 	0	 	308
	62	 	 	 	 	 	 	 	0	 	286
	63	 	 	 	 	 	 	 	0	 	288
	64	 	 	 	 	 	 	 	0	 	24
	65	 	 	 	 	 	 	 	0	 	260
	66	 	 	 	 	 	 	 	0	 	101
	67	 	 	 	 	 	 	 	0	 	199
	68	 	 	 	 	 	 	 	0	 	73
	69	 	 	 	 	 	 	 	0	 	106
	70	 	 	 	 	 	 	 	0	 	236
	71	 	 	 	 	 	 	 	0	 	121
	72	 	 	 	 	 	 	 	0	 	105
	73	 	 	 	 	 	 	 	0	 	258
	74	 	 	 	 	 	 	 	0	 	313
	75	 	 	 	 	 	 	 	0	 	137
	76	 	 	 	 	 	 	 	0	 	180
	77	 	 	 	 	 	 	 	0	 	93
	78	 	 	 	 	 	 	 	0	 	97
	79	 	 	 	 	 	 	 	0	 	169
	80	 	 	 	 	 	 	 	0	 	239
	81	 	 	 	 	 	 	 	0	 	175
	82	 	 	 	 	 	 	 	0	 	241
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	84	 	 	 	 	 	 	 	0	 	299
	85	 	 	 	 	 	 	 	0	 	21
	86	 	 	 	 	 	 	 	0	 	104
	87	 	 	 	 	 	 	 	0	 	215
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	89	 	 	 	 	 	 	 	0	 	25
	90	 	 	 	 	 	 	 	0	 	22
	91	 	 	 	 	 	 	 	0	 	268
	92	 	 	 	 	 	 	 	0	 	85
	93	 	 	 	 	 	 	 	0	 	1
	94	 	 	 	 	 	 	 	0	 	318
	95	 	 	 	 	 	 	 	0	 	248
	96	 	 	 	 	 	 	 	0	 	222
	97	 	 	 	 	 	 	 	0	 	9
	98	 	 	 	 	 	 	 	0	 	196
	99	 	 	 	 	 	 	 	0	 	262
	100	 	 	 	 	 	 	 	0	 	126
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	103	 	 	 	 	 	 	 	0	 	228
	104	 	 	 	 	 	 	 	0	 	254
	105	 	 	 	 	 	 	 	0	 	118
	106	 	 	 	 	 	 	 	0	 	114
	107	 	 	 	 	 	 	 	0	 	54
	108	 	 	 	 	 	 	 	0	 	319
	109	 	 	 	 	 	 	 	0	 	275
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	127	 	 	 	 	 	 	 	0	 	145
	128	 	 	 	 	 	 	 	0	 	172
	129	 	 	 	 	 	 	 	0	 	173
	130	 	 	 	 	 	 	 	0	 	139
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	133	 	 	 	 	 	 	 	0	 	23
	134	 	 	 	 	 	 	 	0	 	56
	135	 	 	 	 	 	 	 	0	 	207
	136	 	 	 	 	 	 	 	0	 	216
	137	 	 	 	 	 	 	 	0	 	141
	138	 	 	 	 	 	 	 	0	 	297
	139	 	 	 	 	 	 	 	0	 	177
	140	 	 	 	 	 	 	 	0	 	19
	141	 	 	 	 	 	 	 	0	 	44
	142	 	 	 	 	 	 	 	0	 	69
	143	 	 	 	 	 	 	 	0	 	164
	144	 	 	 	 	 	 	 	0	 	77
	145	 	 	 	 	 	 	 	0	 	20
	146	 	 	 	 	 	 	 	0	 	316
	147	 	 	 	 	 	 	 	0	 	256
	148	 	 	 	 	 	 	 	0	 	95
	149	 	 	 	 	 	 	 	0	 	75
	150	 	 	 	 	 	 	 	0	 	266
	151	 	 	 	 	 	 	 	0	 	235
	152	 	 	 	 	 	 	 	0	 	179
	153	 	 	 	 	 	 	 	0	 	247
	154	 	 	 	 	 	 	 	0	 	94
	155	 	 	 	 	 	 	 	0	 	238
	156	 	 	 	 	 	 	 	0	 	79
	157	 	 	 	 	 	 	 	0	 	242
	158	 	 	 	 	 	 	 	0	 	67
	159	 	 	 	 	 	 	 	0	 	186
	160	 	 	 	 	 	 	 	0	 	149
	161	 	 	 	 	 	 	 	0	 	183
	162	 	 	 	 	 	 	 	0	 	170
	163	 	 	 	 	 	 	 	0	 	325
	164	 	 	 	 	 	 	 	0	 	151
	165	 	 	 	 	 	 	 	0	 	188
	166	 	 	 	 	 	 	 	0	 	279
	167	 	 	 	 	 	 	 	0	 	116
	168	 	 	 	 	 	 	 	0	 	46
	169	 	 	 	 	 	 	 	0	 	87
	170	 	 	 	 	 	 	 	0	 	192
	171	 	 	 	 	 	 	 	0	 	90
	172	 	 	 	 	 	 	 	0	 	142
	173	 	 	 	 	 	 	 	0	 	176
	174	 	 	 	 	 	 	 	0	 	244
	175	 	 	 	 	 	 	 	0	 	289
	176	 	 	 	 	 	 	 	0	 	302
	177	 	 	 	 	 	 	 	0	 	198
	178	 	 	 	 	 	 	 	0	 	98
	179	 	 	 	 	 	 	 	0	 	213
	180	 	 	 	 	 	 	 	0	 	210
	181	 	 	 	 	 	 	 	0	 	34
	182	 	 	 	 	 	 	 	0	 	125
	183	 	 	 	 	 	 	 	0	 	147
	184	 	 	 	 	 	 	 	0	 	315
	185	 	 	 	 	 	 	 	0	 	84
	186	 	 	 	 	 	 	 	0	 	184
	187	 	 	 	 	 	 	 	0	 	161
	188	 	 	 	 	 	 	 	0	 	133
	189	 	 	 	 	 	 	 	0	 	264
	190	 	 	 	 	 	 	 	0	 	143
	191	 	 	 	 	 	 	 	0	 	168
	192	 	 	 	 	 	 	 	0	 	115
	193	 	 	 	 	 	 	 	0	 	76
	194	 	 	 	 	 	 	 	0	 	29
	195	 	 	 	 	 	 	 	0	 	113
	196	 	 	 	 	 	 	 	0	 	301
	197	 	 	 	 	 	 	 	0	 	122
	198	 	 	 	 	 	 	 	0	 	162
	199	 	 	 	 	 	 	 	0	 	70
	200	 	 	 	 	 	 	 	0	 	294
	201	 	 	 	 	 	 	 	0	 	245
	202	 	 	 	 	 	 	 	0	 	332
	203	 	 	 	 	 	 	 	0	 	333
	204	 	 	 	 	 	 	 	0	 	334
	205	 	 	 	 	 	 	 	0	 	335
	206	 	 	 	 	 	 	 	0	 	336
	207	 	 	 	 	 	 	 	0	 	337

 

 

	 	71	72	73	74	75	76	77	78	79	80
	KEY	Number of
 Mortgaged
 Properties	Total Number of
 Borrowers	Self-employment
 Flag	Current ‘Other’
 Monthly Payment	Length of
 Employment:
 Borrower	Length of
 Employment: Co-
 Borrower	Years in Home	FICO Model Used	Most Recent FICO
 Date	Primary Wage
 Earner Original
 FICO: Equifax
	1	2	 	0	 	4	 	0	1	 	 
	2	2	 	0	 	21	8	0	1	 	 
	3	2	 	1	 	6.7	6.7	0	1	 	 
	4	2	 	0	 	3.8	7.6	0	1	 	 
	5	2	 	0	 	24	24	7	1	 	 
	6	4	 	0	 	9.5	9.5	0.92	1	 	 
	7	3	 	0	 	17.3	3.6	0	1	 	 
	8	1	 	0	 	6.5	 	0	1	 	 
	9	2	 	0	 	4.83	4.5	4.5	1	 	 
	10	1	 	0	 	3.92	11.75	7	1	 	 
	11	4	 	0	 	19.2	10.3	20	1	 	 
	12	1	 	0	 	14.7	12.7	3.6	1	 	 
	13	1	 	0	 	5.8	 	0	1	 	 
	14	4	 	1	 	6	 	4	1	 	 
	15	3	 	0	 	6.6	6.6	0	1	 	 
	16	1	 	0	 	15	14	0.5	1	 	 
	17	1	 	0	 	5	 	0	1	 	 
	18	1	 	1	 	8	 	7	1	 	 
	19	2	 	1	 	11	7	6	1	 	 
	20	1	 	0	 	8	 	8	1	 	 
	21	1	 	0	 	24	 	15	1	 	 
	22	1	 	1	 	15	 	0	1	 	 
	23	2	 	1	 	10	8	5	1	 	 
	24	1	 	0	 	3.1	 	6.3	1	 	 
	25	1	 	1	 	5	 	0	1	 	 
	26	1	 	0	 	8	 	0	1	 	 
	27	1	 	1	 	4	 	0	1	 	 
	28	1	 	0	 	5	 	2	1	 	 
	29	1	 	1	 	12	 	0	1	 	 
	30	2	 	1	 	10	 	0	1	 	 
	31	1	 	0	 	3	 	1	1	 	 
	32	3	 	0	 	12	 	0	1	 	 
	33	1	 	1	 	20	 	0	1	 	 
	34	1	 	0	 	4	5	0	1	 	 
	35	1	 	0	 	27	8	18	1	 	 
	36	2	 	0	 	14	7	0	1	 	 
	37	2	 	0	 	15	 	0	1	 	 
	38	2	 	1	 	20	 	3	1	 	 
	39	3	 	1	 	10	 	1	1	 	 
	40	1	 	1	 	14	 	11	1	 	 
	41	2	 	1	 	16	 	6	1	 	 
	42	3	 	1	 	30	30	20	1	 	 
	43	2	 	0	 	6	2	0	1	5/16/2012	 
	44	4	 	1	 	15	 	20	1	 	 
	45	1	 	0	 	2	4	15	1	 	 
	46	1	 	1	 	17	 	6	1	 	 
	47	4	 	1	 	10	 	7	1	 	 
	48	2	 	0	 	16	11	4	1	 	 
	49	2	 	0	 	2	 	4	1	 	 
	50	2	 	1	 	10	10	1	1	 	 
	51	2	 	1	 	20	 	9	1	 	 
	52	2	 	0	 	10	 	0	1	 	 
	53	3	 	1	 	19	19	0	1	 	 
	54	1	 	1	 	10	3	7	1	 	 
	55	3	 	0	 	0	 	35	1	 	 
	56	3	 	0	 	13	27	23	1	 	 
	57	1	 	0	 	1	 	13	1	 	 
	58	2	 	1	 	16	 	12	1	 	 
	59	1	 	0	 	5	 	0	1	 	 
	60	1	 	1	 	20	 	5	1	 	 
	61	2	 	0	 	11	11	3	1	 	 
	62	1	 	0	 	4	 	10	1	 	 
	63	1	 	0	 	35	6	0	1	 	 
	64	1	 	1	 	19	 	4	1	 	 
	65	3	 	1	 	13	 	0	1	 	 
	66	1	 	0	 	2	 	0	1	 	 
	67	3	 	0	 	12	 	0	1	 	 
	68	1	 	1	 	25	25	0	1	 	 
	69	1	 	0	 	25	26	0	1	 	 
	70	3	 	0	 	16	 	0	1	 	 
	71	2	 	1	 	10	 	3	1	 	 
	72	1	 	0	 	0	10	0	1	 	 
	73	1	 	0	 	12	1	0	1	 	 
	74	7	 	1	 	9	10	1	1	 	 
	75	1	 	1	 	30	30	7	1	 	 
	76	2	 	1	 	15	 	4	1	 	 
	77	1	 	1	 	7	 	3	1	 	 
	78	1	 	0	 	15	 	0	1	 	 
	79	1	 	0	 	5	0	0	1	 	 
	80	1	 	0	 	0	6	10	1	 	 
	81	1	 	0	 	7	7	6	1	 	 
	82	2	 	1	 	23	 	10	1	 	 
	83	1	 	0	 	0	 	7	1	 	 
	84	2	 	1	 	7	10	0	1	 	 
	85	2	 	0	 	10	 	0	1	 	 
	86	2	 	1	 	40	 	33	1	 	 
	87	1	 	0	 	0	 	2	1	 	 
	88	3	 	0	 	1	5	0	1	 	 
	89	3	 	1	 	6	 	0	1	 	 
	90	1	 	0	 	11	7	0	1	 	 
	91	2	 	1	 	10	 	0	1	 	 
	92	1	 	1	 	16	 	3	1	 	 
	93	1	 	0	 	26	 	10	1	 	 
	94	2	 	0	 	16	 	9	1	 	 
	95	2	 	1	 	26	 	21	1	 	 
	96	2	 	0	 	22	 	0	1	 	 
	97	1	 	0	 	0	2	1	1	 	 
	98	1	 	0	 	10	2	0.1	1	 	 
	99	3	 	1	 	7	7	7	1	 	 
	100	3	 	1	 	30	 	30	1	 	 
	101	1	 	1	 	5	 	2	1	 	 
	102	2	 	0	 	7	16	4	1	 	 
	103	2	 	0	 	15	16	0	1	 	 
	104	2	 	1	 	60	 	0	1	 	 
	105	1	 	0	 	5	 	1	1	 	 
	106	2	 	0	 	27	 	0	1	 	 
	107	1	 	0	 	12	9	1	1	 	 
	108	2	 	0	 	10	10	0	1	 	 
	109	1	 	0	 	7	 	0	1	 	 
	110	2	 	1	 	32	 	1	1	 	 
	111	1	 	0	 	0	 	0	1	 	 
	112	1	 	1	 	5.17	5	17	1	 	 
	113	1	 	0	 	4	1	4	1	 	 
	114	3	 	1	 	3	 	0	1	 	 
	115	2	 	0	 	5	14	3	1	 	 
	116	1	 	0	 	7	 	0	1	 	 
	117	1	 	0	 	3	5	12	1	 	 
	118	1	 	0	 	6	 	1	1	 	 
	119	2	 	0	 	1	 	0	1	 	 
	120	1	 	0	 	2	3	0	1	 	 
	121	1	 	0	 	5	 	0	1	 	 
	122	1	 	0	 	15	 	8	1	 	 
	123	1	 	0	 	7	1	0	1	 	 
	124	1	 	1	 	25	3	0	1	 	 
	125	1	 	1	 	8	 	0	1	 	 
	126	2	 	1	 	21	 	0	1	 	 
	127	2	 	0	 	4	 	0	1	 	 
	128	1	 	0	 	0	 	0	1	 	 
	129	2	 	0	 	0	 	0	1	 	 
	130	1	 	0	 	11	 	10	1	 	 
	131	2	 	1	 	12	10	0	1	 	 
	132	1	 	0	 	9	 	0	1	 	 
	133	1	 	1	 	10	13	2	1	 	 
	134	1	 	0	 	0	0	0	1	 	 
	135	2	 	0	 	0	 	0	1	 	 
	136	1	 	0	 	0	 	0	1	 	 
	137	2	 	1	 	25	25	0	1	 	 
	138	2	 	0	 	0	 	0	1	5/16/2012	 
	139	2	 	1	 	12	 	1	1	 	 
	140	2	 	1	 	13	 	1	1	 	 
	141	1	 	1	 	5	 	0	1	 	 
	142	1	 	1	 	35	 	4	1	 	 
	143	2	 	1	 	23	 	0	1	 	 
	144	1	 	1	 	45	 	4	1	 	 
	145	2	 	0	 	22	 	0	1	 	 
	146	1	 	0	 	3	 	1.5	1	5/16/2012	 
	147	1	 	0	 	11	 	7	1	 	 
	148	1	 	1	 	12	 	0	1	 	 
	149	1	 	0	 	2	 	0.58	1	 	 
	150	2	 	0	 	4	11	0	1	 	 
	151	1	 	0	 	8	 	0	1	 	 
	152	1	 	1	 	12	 	1	1	 	 
	153	1	 	0	 	1	 	0	1	 	 
	154	2	 	1	 	25	 	2	1	 	 
	155	1	 	0	 	7	15	0.67	1	 	 
	156	1	 	0	 	3	 	6	1	 	 
	157	2	 	1	 	8	0	0	1	 	 
	158	3	 	0	 	18	5	8	1	 	 
	159	1	 	1	 	19	 	4	1	 	 
	160	1	 	0	 	4	0	5	1	 	 
	161	1	 	0	 	9	1	0	1	 	 
	162	2	 	1	 	32	 	0	1	 	 
	163	2	 	0	 	3	 	4	1	 	 
	164	1	 	0	 	7	 	1	1	 	 
	165	3	 	1	 	2	 	1	1	5/16/2012	 
	166	1	 	1	 	8	 	2	1	 	 
	167	1	 	0	 	6	 	5	1	 	 
	168	1	 	0	 	5	2	0	1	 	 
	169	1	 	1	 	4	 	0	1	 	 
	170	2	 	0	 	7	6	0.5	1	 	 
	171	1	 	0	 	1	1	1	1	 	 
	172	1	 	1	 	4	4	1	1	 	 
	173	1	 	0	 	9	 	0.9	1	 	 
	174	1	 	0	 	6	 	0	1	 	 
	175	1	 	0	 	0	 	0	1	 	 
	176	1	 	0	 	3	 	0	1	 	 
	177	1	 	1	 	18	10	10	1	 	 
	178	2	 	0	 	10	10	0	1	 	 
	179	2	 	1	 	10	10	0	1	 	 
	180	1	 	0	 	3	 	0	1	 	 
	181	1	 	0	 	0	 	0	1	 	 
	182	4	 	0	 	0	36	16	1	 	 
	183	1	 	0	 	19	 	5	1	 	 
	184	2	 	0	 	3	 	0	1	 	 
	185	2	 	0	 	2	6	0	1	 	 
	186	1	 	0	 	0	12	0	1	 	 
	187	1	 	0	 	2	 	3	1	 	 
	188	1	 	0	 	26	2	4	1	 	 
	189	1	 	0	 	7	 	1	1	 	 
	190	1	 	1	 	4	 	1	1	 	 
	191	1	 	0	 	11	 	5	1	 	 
	192	1	 	0	 	16.5	16	0	1	 	 
	193	2	 	0	 	21	 	15	1	 	 
	194	1	 	0	 	2	 	0	1	 	 
	195	2	 	0	 	1	4	2	1	 	 
	196	1	 	0	 	2	1	2	1	 	 
	197	2	 	0	 	10	5	0	1	 	 
	198	3	 	1	 	9	11	0	1	 	 
	199	1	 	0	 	12	 	9	1	 	 
	200	3	 	0	 	9	 	4	1	 	 
	201	2	 	0	 	12	20	0.5	1	 	 
	202	4	 	1	 	26	 	0	1	 	 
	203	3	 	0	 	21	 	0	1	 	 
	204	3	 	1	 	8	8	0	1	 	 
	205	1	 	1	 	9	 	8	1	 	 
	206	1	 	0	 	2	 	0	1	 	 
	207	1	 	0	 	4	1	0	1	 	 

 

	 	81	82	83	84	85	86	87	88	89	90
	KEY	Primary Wage
 Earner Original
 FICO: Experian	Primary Wage
 Earner Original
 FICO: TransUnion	Secondary Wage
 Earner Original
 FICO: Equifax	Secondary Wage
 Earner Original
 FICO: Experian	Secondary Wage
 Earner Original
 FICO: TransUnion	Original
 Primary Borrower
 FICO	Most Recent
 Primary Borrower
 FICO	Most Recent Co-
 Borrower FICO	Most Recent FICO
 Method	VantageScore:
 Primary Borrower
	1	 	 	 	 	 	764	 	 	 	 
	2	 	 	 	 	 	720	 	 	 	 
	3	 	 	 	 	 	772	 	 	 	 
	4	 	 	 	 	 	781	 	 	 	 
	5	 	 	 	 	 	773	 	 	 	 
	6	 	 	 	 	 	723	 	 	 	 
	7	 	 	 	 	 	776	 	 	 	 
	8	 	 	 	 	 	776	 	 	 	 
	9	 	 	 	 	 	770	 	 	 	 
	10	 	 	 	 	 	808	 	 	 	 
	11	 	 	 	 	 	810	 	 	 	 
	12	 	 	 	 	 	773	 	 	 	 
	13	 	 	 	 	 	806	 	 	 	 
	14	 	 	 	 	 	763	 	 	 	 
	15	 	 	 	 	 	742	 	 	 	 
	16	 	 	 	 	 	761	 	 	 	 
	17	 	 	 	 	 	789	 	 	 	 
	18	 	 	 	 	 	783	 	 	 	 
	19	 	 	 	 	 	799	 	 	 	 
	20	 	 	 	 	 	764	 	 	 	 
	21	 	 	 	 	 	728	 	 	 	 
	22	 	 	 	 	 	795	 	 	 	 
	23	 	 	 	 	 	763	 	 	 	 
	24	 	 	 	 	 	737	 	 	 	 
	25	 	 	 	 	 	801	 	 	 	 
	26	 	 	 	 	 	769	 	 	 	 
	27	 	 	 	 	 	768	 	 	 	 
	28	 	 	 	 	 	813	 	 	 	 
	29	 	 	 	 	 	761	 	 	 	 
	30	 	 	 	 	 	800	 	 	 	 
	31	 	 	 	 	 	774	 	 	 	 
	32	 	 	 	 	 	802	 	 	 	 
	33	 	 	 	 	 	711	 	 	 	 
	34	 	 	 	 	 	740	 	 	 	 
	35	 	 	 	 	 	764	 	 	 	 
	36	 	 	 	 	 	780	 	 	 	 
	37	 	 	 	 	 	748	 	 	 	 
	38	 	 	 	 	 	766	 	 	 	 
	39	 	 	 	 	 	729	 	 	 	 
	40	 	 	 	 	 	759	 	 	 	 
	41	 	 	 	 	 	772	 	 	 	 
	42	 	 	 	 	 	738	 	 	 	 
	43	 	 	 	 	 	774	768	 	 	 
	44	 	 	 	 	 	726	 	 	 	 
	45	 	 	 	 	 	755	 	 	 	 
	46	 	 	 	 	 	774	 	 	 	 
	47	 	 	 	 	 	761	 	 	 	 
	48	 	 	 	 	 	795	 	 	 	 
	49	 	 	 	 	 	725	 	 	 	 
	50	 	 	 	 	 	771	 	 	 	 
	51	 	 	 	 	 	789	 	 	 	 
	52	 	 	 	 	 	783	 	 	 	 
	53	 	 	 	 	 	754	 	 	 	 
	54	 	 	 	 	 	767	 	 	 	 
	55	 	 	 	 	 	795	 	 	 	 
	56	 	 	 	 	 	746	 	 	 	 
	57	 	 	 	 	 	780	 	 	 	 
	58	 	 	 	 	 	802	 	 	 	 
	59	 	 	 	 	 	757	 	 	 	 
	60	 	 	 	 	 	793	 	 	 	 
	61	 	 	 	 	 	790	 	 	 	 
	62	 	 	 	 	 	725	 	 	 	 
	63	 	 	 	 	 	801	 	 	 	 
	64	 	 	 	 	 	756	 	 	 	 
	65	 	 	 	 	 	803	 	 	 	 
	66	 	 	 	 	 	807	 	 	 	 
	67	 	 	 	 	 	766	 	 	 	 
	68	 	 	 	 	 	785	 	 	 	 
	69	 	 	 	 	 	796	 	 	 	 
	70	 	 	 	 	 	759	 	 	 	 
	71	 	 	 	 	 	752	 	 	 	 
	72	 	 	 	 	 	801	 	 	 	 
	73	 	 	 	 	 	810	 	 	 	 
	74	 	 	 	 	 	760	 	 	 	 
	75	 	 	 	 	 	776	 	 	 	 
	76	 	 	 	 	 	790	 	 	 	 
	77	 	 	 	 	 	752	 	 	 	 
	78	 	 	 	 	 	723	 	 	 	 
	79	 	 	 	 	 	762	 	 	 	 
	80	 	 	 	 	 	809	 	 	 	 
	81	 	 	 	 	 	794	 	 	 	 
	82	 	 	 	 	 	771	 	 	 	 
	83	 	 	 	 	 	781	 	 	 	 
	84	 	 	 	 	 	738	 	 	 	 
	85	 	 	 	 	 	765	 	 	 	 
	86	 	 	 	 	 	792	 	 	 	 
	87	 	 	 	 	 	808	 	 	 	 
	88	 	 	 	 	 	785	 	 	 	 
	89	 	 	 	 	 	761	 	 	 	 
	90	 	 	 	 	 	803	 	 	 	 
	91	 	 	 	 	 	782	 	 	 	 
	92	 	 	 	 	 	781	 	 	 	 
	93	 	 	 	 	 	734	 	 	 	 
	94	 	 	 	 	 	769	 	 	 	 
	95	 	 	 	 	 	776	 	 	 	 
	96	 	 	 	 	 	786	 	 	 	 
	97	 	 	 	 	 	740	 	 	 	 
	98	 	 	 	 	 	752	 	 	 	 
	99	 	 	 	 	 	787	 	 	 	 
	100	 	 	 	 	 	771	 	 	 	 
	101	 	 	 	 	 	777	 	 	 	 
	102	 	 	 	 	 	762	 	 	 	 
	103	 	 	 	 	 	758	 	 	 	 
	104	 	 	 	 	 	751	 	 	 	 
	105	 	 	 	 	 	777	 	 	 	 
	106	 	 	 	 	 	738	 	 	 	 
	107	 	 	 	 	 	771	 	 	 	 
	108	 	 	 	 	 	784	 	 	 	 
	109	 	 	 	 	 	762	 	 	 	 
	110	 	 	 	 	 	775	 	 	 	 
	111	 	 	 	 	 	736	 	 	 	 
	112	 	 	 	 	 	766	 	 	 	 
	113	 	 	 	 	 	783	 	 	 	 
	114	 	 	 	 	 	726	 	 	 	 
	115	 	 	 	 	 	728	 	 	 	 
	116	 	 	 	 	 	760	 	 	 	 
	117	 	 	 	 	 	788	 	 	 	 
	118	 	 	 	 	 	766	 	 	 	 
	119	 	 	 	 	 	771	 	 	 	 
	120	 	 	 	 	 	779	 	 	 	 
	121	 	 	 	 	 	757	 	 	 	 
	122	 	 	 	 	 	782	 	 	 	 
	123	 	 	 	 	 	796	 	 	 	 
	124	 	 	 	 	 	720	 	 	 	 
	125	 	 	 	 	 	797	 	 	 	 
	126	 	 	 	 	 	787	 	 	 	 
	127	 	 	 	 	 	766	 	 	 	 
	128	 	 	 	 	 	689	 	 	 	 
	129	 	 	 	 	 	780	 	 	 	 
	130	 	 	 	 	 	744	 	 	 	 
	131	 	 	 	 	 	752	 	 	 	 
	132	 	 	 	 	 	793	 	 	 	 
	133	 	 	 	 	 	745	 	 	 	 
	134	 	 	 	 	 	747	 	 	 	 
	135	 	 	 	 	 	800	 	 	 	 
	136	 	 	 	 	 	787	 	 	 	 
	137	 	 	 	 	 	759	 	 	 	 
	138	 	 	 	 	 	730	654	 	 	 
	139	 	 	 	 	 	805	 	 	 	 
	140	 	 	 	 	 	703	 	 	 	 
	141	 	 	 	 	 	768	 	 	 	 
	142	 	 	 	 	 	804	 	 	 	 
	143	 	 	 	 	 	804	 	 	 	 
	144	 	 	 	 	 	716	 	 	 	 
	145	 	 	 	 	 	790	 	 	 	 
	146	 	 	 	 	 	803	786	 	 	 
	147	 	 	 	 	 	759	 	 	 	 
	148	 	 	 	 	 	783	 	 	 	 
	149	 	 	 	 	 	787	 	 	 	 
	150	 	 	 	 	 	791	 	 	 	 
	151	 	 	 	 	 	784	 	 	 	 
	152	 	 	 	 	 	790	 	 	 	 
	153	 	 	 	 	 	805	 	 	 	 
	154	 	 	 	 	 	739	 	 	 	 
	155	 	 	 	 	 	808	 	 	 	 
	156	 	 	 	 	 	781	 	 	 	 
	157	 	 	 	 	 	783	 	 	 	 
	158	 	 	 	 	 	788	 	 	 	 
	159	 	 	 	 	 	772	 	 	 	 
	160	 	 	 	 	 	704	 	 	 	 
	161	 	 	 	 	 	784	 	 	 	 
	162	 	 	 	 	 	708	 	 	 	 
	163	 	 	 	 	 	780	 	 	 	 
	164	 	 	 	 	 	787	 	 	 	 
	165	 	 	 	 	 	730	743	 	 	 
	166	 	 	 	 	 	767	 	 	 	 
	167	 	 	 	 	 	772	 	 	 	 
	168	 	 	 	 	 	781	 	 	 	 
	169	 	 	 	 	 	725	 	 	 	 
	170	 	 	 	 	 	751	 	 	 	 
	171	 	 	 	 	 	736	 	 	 	 
	172	 	 	 	 	 	768	 	 	 	 
	173	 	 	 	 	 	721	 	 	 	 
	174	 	 	 	 	 	773	 	 	 	 
	175	 	 	 	 	 	782	 	 	 	 
	176	 	 	 	 	 	799	 	 	 	 
	177	 	 	 	 	 	729	 	 	 	 
	178	 	 	 	 	 	746	 	 	 	 
	179	 	 	 	 	 	770	 	 	 	 
	180	 	 	 	 	 	736	 	 	 	 
	181	 	 	 	 	 	732	 	 	 	 
	182	 	 	 	 	 	750	 	 	 	 
	183	 	 	 	 	 	747	 	 	 	 
	184	 	 	 	 	 	722	 	 	 	 
	185	 	 	 	 	 	776	 	 	 	 
	186	 	 	 	 	 	790	 	 	 	 
	187	 	 	 	 	 	785	 	 	 	 
	188	 	 	 	 	 	749	 	 	 	 
	189	 	 	 	 	 	789	 	 	 	 
	190	 	 	 	 	 	808	 	 	 	 
	191	 	 	 	 	 	787	 	 	 	 
	192	 	 	 	 	 	730	 	 	 	 
	193	 	 	 	 	 	783	 	 	 	 
	194	 	 	 	 	 	798	 	 	 	 
	195	 	 	 	 	 	734	 	 	 	 
	196	 	 	 	 	 	751	 	 	 	 
	197	 	 	 	 	 	762	 	 	 	 
	198	 	 	 	 	 	764	 	 	 	 
	199	 	 	 	 	 	786	 	 	 	 
	200	 	 	 	 	 	790	 	 	 	 
	201	 	 	 	 	 	767	 	 	 	 
	202	 	 	 	 	 	798	 	 	 	 
	203	 	 	 	 	 	763	 	 	 	 
	204	 	 	 	 	 	797	 	 	 	 
	205	 	 	 	 	 	798	 	 	 	 
	206	 	 	 	 	 	769	 	 	 	 
	207	 	 	 	 	 	721	 	 	 	 

 

 

 

	 	91	92	93	94	95	96	97	98	99	100
	KEY	VantageScore: Co-
 Borrower	Most Recent
 VantageScore
 Method	VantageScore Date	Credit Report:
 Longest Trade Line	Credit Report:
 Maximum Trade
 Line	Credit Report:
 Number of Trade
 Lines	Credit Line Usage
 Ratio	Most Recent 12-
 month Pay History	Months Bankruptcy	Months Foreclosure
	1	 	 	 	 	 	 	 	000000000000	 	 
	2	 	 	 	 	 	 	 	000000000000	 	 
	3	 	 	 	 	 	 	 	000000000000	 	 
	4	 	 	 	 	 	 	 	000000000000	 	 
	5	 	 	 	 	 	 	 	000000000000	 	 
	6	 	 	 	 	 	 	 	000000000000	 	 
	7	 	 	 	 	 	 	 	000000000000	 	 
	8	 	 	 	 	 	 	 	000000000000	 	 
	9	 	 	 	 	 	 	 	000000000000	 	 
	10	 	 	 	 	 	 	 	000000000000	 	 
	11	 	 	 	 	 	 	 	000000000000	 	 
	12	 	 	 	 	 	 	 	000000000000	 	 
	13	 	 	 	 	 	 	 	000000000000	 	 
	14	 	 	 	 	 	 	 	000000000000	 	 
	15	 	 	 	 	 	 	 	000000000000	 	 
	16	 	 	 	 	 	 	 	000000000000	 	 
	17	 	 	 	 	 	 	 	000000000000	 	 
	18	 	 	 	 	 	 	 	000000000000	 	 
	19	 	 	 	 	 	 	 	000000000000	 	 
	20	 	 	 	 	 	 	 	000000000000	 	 
	21	 	 	 	 	 	 	 	000000000000	 	 
	22	 	 	 	 	 	 	 	000000000000	 	 
	23	 	 	 	 	 	 	 	000000000000	 	 
	24	 	 	 	 	 	 	 	000000000000	 	 
	25	 	 	 	 	 	 	 	000000000000	 	 
	26	 	 	 	 	 	 	 	000000000000	 	 
	27	 	 	 	 	 	 	 	000000000000	 	 
	28	 	 	 	 	 	 	 	000000000000	 	 
	29	 	 	 	 	 	 	 	000000000000	 	 
	30	 	 	 	 	 	 	 	000000000000	 	 
	31	 	 	 	 	 	 	 	000000000000	 	 
	32	 	 	 	 	 	 	 	000000000000	 	 
	33	 	 	 	 	 	 	 	000000000000	 	 
	34	 	 	 	 	 	 	 	000000000000	 	 
	35	 	 	 	 	 	 	 	000000000000	 	 
	36	 	 	 	 	 	 	 	000000000000	 	 
	37	 	 	 	 	 	 	 	000000000000	 	 
	38	 	 	 	 	 	 	 	000000000000	 	 
	39	 	 	 	 	 	 	 	000000000000	 	 
	40	 	 	 	 	 	 	 	000000000000	 	 
	41	 	 	 	 	 	 	 	000000000000	 	 
	42	 	 	 	 	 	 	 	000000000000	 	 
	43	 	 	 	 	 	 	 	000000000000	 	 
	44	 	 	 	 	 	 	 	000000000000	 	 
	45	 	 	 	 	 	 	 	000000000000	 	 
	46	 	 	 	 	 	 	 	000000000000	 	 
	47	 	 	 	 	 	 	 	000000000000	 	 
	48	 	 	 	 	 	 	 	000000000000	 	 
	49	 	 	 	 	 	 	 	000000000000	 	 
	50	 	 	 	 	 	 	 	000000000000	 	 
	51	 	 	 	 	 	 	 	000000000000	 	 
	52	 	 	 	 	 	 	 	000000000000	 	 
	53	 	 	 	 	 	 	 	000000000000	 	 
	54	 	 	 	 	 	 	 	000000000000	 	 
	55	 	 	 	 	 	 	 	000000000000	 	 
	56	 	 	 	 	 	 	 	000000000000	 	 
	57	 	 	 	 	 	 	 	000000000000	 	 
	58	 	 	 	 	 	 	 	000000000000	 	 
	59	 	 	 	 	 	 	 	000000000000	 	 
	60	 	 	 	 	 	 	 	000000000000	 	 
	61	 	 	 	 	 	 	 	000000000000	 	 
	62	 	 	 	 	 	 	 	000000000000	 	 
	63	 	 	 	 	 	 	 	000000000000	 	 
	64	 	 	 	 	 	 	 	000000000000	 	 
	65	 	 	 	 	 	 	 	000000000000	 	 
	66	 	 	 	 	 	 	 	000000000000	 	 
	67	 	 	 	 	 	 	 	000000000000	 	 
	68	 	 	 	 	 	 	 	000000000000	 	 
	69	 	 	 	 	 	 	 	000000000000	 	 
	70	 	 	 	 	 	 	 	000000000000	 	 
	71	 	 	 	 	 	 	 	000000000000	 	 
	72	 	 	 	 	 	 	 	000000000000	 	 
	73	 	 	 	 	 	 	 	000000000000	 	 
	74	 	 	 	 	 	 	 	000000000000	 	 
	75	 	 	 	 	 	 	 	000000000000	 	 
	76	 	 	 	 	 	 	 	000000000000	 	 
	77	 	 	 	 	 	 	 	000000000000	 	 
	78	 	 	 	 	 	 	 	000000000000	 	 
	79	 	 	 	 	 	 	 	000000000000	 	 
	80	 	 	 	 	 	 	 	000000000000	 	 
	81	 	 	 	 	 	 	 	000000000000	 	 
	82	 	 	 	 	 	 	 	000000000000	 	 
	83	 	 	 	 	 	 	 	000000000000	 	 
	84	 	 	 	 	 	 	 	000000000000	 	 
	85	 	 	 	 	 	 	 	000000000000	 	 
	86	 	 	 	 	 	 	 	000000000000	 	 
	87	 	 	 	 	 	 	 	000000000000	 	 
	88	 	 	 	 	 	 	 	000000000000	 	 
	89	 	 	 	 	 	 	 	000000000000	 	 
	90	 	 	 	 	 	 	 	000000000000	 	 
	91	 	 	 	 	 	 	 	000000000000	 	 
	92	 	 	 	 	 	 	 	000000000000	 	 
	93	 	 	 	 	 	 	 	000000000000	 	 
	94	 	 	 	 	 	 	 	000000000000	 	 
	95	 	 	 	 	 	 	 	000000000000	 	 
	96	 	 	 	 	 	 	 	000000000000	 	 
	97	 	 	 	 	 	 	 	000000000000	 	 
	98	 	 	 	 	 	 	 	000000000000	 	 
	99	 	 	 	 	 	 	 	000000000000	 	 
	100	 	 	 	 	 	 	 	000000000000	 	 
	101	 	 	 	 	 	 	 	000000000000	 	 
	102	 	 	 	 	 	 	 	000000000000	 	 
	103	 	 	 	 	 	 	 	000000000000	 	 
	104	 	 	 	 	 	 	 	000000000000	 	 
	105	 	 	 	 	 	 	 	000000000000	 	 
	106	 	 	 	 	 	 	 	000000000000	 	 
	107	 	 	 	 	 	 	 	000000000000	 	 
	108	 	 	 	 	 	 	 	000000000000	 	 
	109	 	 	 	 	 	 	 	000000000000	 	 
	110	 	 	 	 	 	 	 	000000000000	 	 
	111	 	 	 	 	 	 	 	000000000000	 	 
	112	 	 	 	 	 	 	 	000000000000	 	 
	113	 	 	 	 	 	 	 	000000000000	 	 
	114	 	 	 	 	 	 	 	000000000000	 	 
	115	 	 	 	 	 	 	 	000000000000	 	 
	116	 	 	 	 	 	 	 	000000000000	 	 
	117	 	 	 	 	 	 	 	000000000000	 	 
	118	 	 	 	 	 	 	 	000000000000	 	 
	119	 	 	 	 	 	 	 	000000000000	 	 
	120	 	 	 	 	 	 	 	000000000000	 	 
	121	 	 	 	 	 	 	 	000000000000	 	 
	122	 	 	 	 	 	 	 	000000000000	 	 
	123	 	 	 	 	 	 	 	000000000000	 	 
	124	 	 	 	 	 	 	 	000000000000	 	 
	125	 	 	 	 	 	 	 	000000000000	 	 
	126	 	 	 	 	 	 	 	000000000000	 	 
	127	 	 	 	 	 	 	 	000000000000	 	 
	128	 	 	 	 	 	 	 	000000000000	 	 
	129	 	 	 	 	 	 	 	000000000000	 	 
	130	 	 	 	 	 	 	 	000000000000	 	 
	131	 	 	 	 	 	 	 	000000000000	 	 
	132	 	 	 	 	 	 	 	000000000000	 	 
	133	 	 	 	 	 	 	 	000000000000	 	 
	134	 	 	 	 	 	 	 	000000000000	 	 
	135	 	 	 	 	 	 	 	000000000000	 	 
	136	 	 	 	 	 	 	 	000000000000	 	 
	137	 	 	 	 	 	 	 	000000000000	 	 
	138	 	 	 	 	 	 	 	000000000000	 	 
	139	 	 	 	 	 	 	 	000000000000	 	 
	140	 	 	 	 	 	 	 	000000000000	 	 
	141	 	 	 	 	 	 	 	000000000000	 	 
	142	 	 	 	 	 	 	 	000000000000	 	 
	143	 	 	 	 	 	 	 	000000000000	 	 
	144	 	 	 	 	 	 	 	000000000000	 	 
	145	 	 	 	 	 	 	 	000000000000	 	 
	146	 	 	 	 	 	 	 	000000000000	 	 
	147	 	 	 	 	 	 	 	000000000000	 	 
	148	 	 	 	 	 	 	 	000000000000	 	 
	149	 	 	 	 	 	 	 	000000000000	 	 
	150	 	 	 	 	 	 	 	000000000000	 	 
	151	 	 	 	 	 	 	 	000000000000	 	 
	152	 	 	 	 	 	 	 	000000000000	 	 
	153	 	 	 	 	 	 	 	000000000000	 	 
	154	 	 	 	 	 	 	 	000000000000	 	 
	155	 	 	 	 	 	 	 	000000000000	 	 
	156	 	 	 	 	 	 	 	000000000000	 	 
	157	 	 	 	 	 	 	 	000000000000	 	 
	158	 	 	 	 	 	 	 	000000000000	 	 
	159	 	 	 	 	 	 	 	000000000000	 	 
	160	 	 	 	 	 	 	 	000000000000	 	 
	161	 	 	 	 	 	 	 	000000000000	 	 
	162	 	 	 	 	 	 	 	000000000000	 	 
	163	 	 	 	 	 	 	 	000000000000	 	 
	164	 	 	 	 	 	 	 	000000000000	 	 
	165	 	 	 	 	 	 	 	000000000000	 	 
	166	 	 	 	 	 	 	 	000000000000	 	 
	167	 	 	 	 	 	 	 	000000000000	 	 
	168	 	 	 	 	 	 	 	000000000000	 	 
	169	 	 	 	 	 	 	 	000000000000	 	 
	170	 	 	 	 	 	 	 	000000000000	 	 
	171	 	 	 	 	 	 	 	000000000000	 	 
	172	 	 	 	 	 	 	 	000000000000	 	 
	173	 	 	 	 	 	 	 	000000000000	 	 
	174	 	 	 	 	 	 	 	000000000000	 	 
	175	 	 	 	 	 	 	 	000000000000	 	 
	176	 	 	 	 	 	 	 	000000000000	 	 
	177	 	 	 	 	 	 	 	000000000000	 	 
	178	 	 	 	 	 	 	 	000000000000	 	 
	179	 	 	 	 	 	 	 	000000000000	 	 
	180	 	 	 	 	 	 	 	000000000000	 	 
	181	 	 	 	 	 	 	 	000000000000	 	 
	182	 	 	 	 	 	 	 	000000000000	 	 
	183	 	 	 	 	 	 	 	000000000000	 	 
	184	 	 	 	 	 	 	 	000000000000	 	 
	185	 	 	 	 	 	 	 	000000000000	 	 
	186	 	 	 	 	 	 	 	000000000000	 	 
	187	 	 	 	 	 	 	 	000000000000	 	 
	188	 	 	 	 	 	 	 	000000000000	 	 
	189	 	 	 	 	 	 	 	000000000000	 	 
	190	 	 	 	 	 	 	 	000000000000	 	 
	191	 	 	 	 	 	 	 	000000000000	 	 
	192	 	 	 	 	 	 	 	000000000000	 	 
	193	 	 	 	 	 	 	 	000000000000	 	 
	194	 	 	 	 	 	 	 	000000000000	 	 
	195	 	 	 	 	 	 	 	000000000000	 	 
	196	 	 	 	 	 	 	 	000000000000	 	 
	197	 	 	 	 	 	 	 	000000000000	 	 
	198	 	 	 	 	 	 	 	000000000000	 	 
	199	 	 	 	 	 	 	 	000000000000	 	 
	200	 	 	 	 	 	 	 	000000000000	 	 
	201	 	 	 	 	 	 	 	000000000000	 	 
	202	 	 	 	 	 	 	 	000000000000	 	 
	203	 	 	 	 	 	 	 	000000000000	 	 
	204	 	 	 	 	 	 	 	000000000000	 	 
	205	 	 	 	 	 	 	 	000000000000	 	 
	206	 	 	 	 	 	 	 	000000000000	 	 
	207	 	 	 	 	 	 	 	000000000000	 	 

 

 

	 	101	102	103	104	105	106	107	108	109	110
	KEY	Primary Borrower
 Wage Income	Co-Borrower Wage
 Income	Primary Borrower
 Other Income	Co-Borrower Other
 Income	All Borrower Wage
 Income	All Borrower Total
 Income	4506-T Indicator	Borrower Income
 Verification Level	Co-Borrower
 Income Verification	Borrower
 Employment
 Verification
	1	18668.14	 	-505.00	 	18668.14	18163.14	1	5	 	3
	2	5484.27	5820.27	-1355.84	0.00	11304.54	9948.70	1	5	 	3
	3	45275.00	3111.00	0.00	0.00	48386.00	48386.00	1	5	 	3
	4	12949.82	12571.82	0.00	-23.00	25521.64	25498.64	1	5	 	3
	5	20432.00	11587.98	0.00	0.00	32019.98	32019.98	1	5	 	3
	6	11226.98	10518.00	97.00	0.00	21744.98	21841.98	1	5	 	3
	7	17125.00	25069.00	0.00	0.00	42194.00	42194.00	1	5	 	3
	8	0.00	 	25891.00	 	0.00	25891.00	1	5	 	3
	9	11425.00	8000.00	1675.00	0.00	19425.00	21100.00	1	5	 	3
	10	11625.00	7708.34	0.00	0.00	19333.34	19333.34	1	5	 	3
	11	62.00	14295.00	3405.75	1367.00	14357.00	19129.75	1	5	 	3
	12	6376.00	5563.00	-178.83	-244.17	11939.00	11516.00	1	5	 	3
	13	17570.50	 	0.00	 	17570.50	17570.50	1	5	 	3
	14	25564.00	 	1315.00	 	25564.00	26879.00	1	5	 	3
	15	10550.00	9550.00	0.00	0.00	20100.00	20100.00	1	5	 	3
	16	13266.67	15833.34	0.00	0.00	29100.01	29100.01	1	5	 	3
	17	15312.48	0.00	0.00	0.00	15312.48	15312.48	1	5	 	3
	18	47942.00	0.00	-16.00	0.00	47942.00	47926.00	1	5	 	3
	19	8803.00	3125.00	-1752.00	0.00	11928.00	10176.00	1	5	 	3
	20	92526.00	0.00	0.00	0.00	92526.00	92526.00	1	5	 	3
	21	0.00	 	23161.41	 	0.00	23161.41	1	5	 	3
	22	41261.00	0.00	-1268.00	0.00	41261.00	39993.00	1	5	 	3
	23	87598.00	9333.00	-328.00	0.00	96931.00	96603.00	1	5	 	3
	24	20833.74	 	-18.04	 	20833.74	20815.70	1	5	 	3
	25	0.00	0.00	18555.00	0.00	0.00	18555.00	1	5	 	3
	26	41600.00	 	-25.00	 	41600.00	41575.00	1	5	 	3
	27	19533.00	 	0.00	 	19533.00	19533.00	1	5	 	3
	28	11823.71	950.00	3395.53	0.00	12773.71	16169.24	1	5	 	3
	29	16250.00	 	4839.00	 	16250.00	21089.00	1	5	 	3
	30	22191.21	0.00	-2239.00	0.00	22191.21	19952.21	1	5	 	3
	31	47409.87	0.00	0.00	0.00	47409.87	47409.87	1	5	 	3
	32	19828.75	0.00	4695.00	0.00	19828.75	24523.75	1	5	 	3
	33	30694.00	0.00	0.00	0.00	30694.00	30694.00	1	5	 	3
	34	7282.00	8164.00	567.37	0.00	15446.00	16013.37	1	5	 	3
	35	17155.66	4760.17	0.00	0.00	21915.83	21915.83	1	5	 	3
	36	14915.58	10824.32	0.00	0.00	25739.90	25739.90	1	5	 	3
	37	12154.65	 	5880.41	 	12154.65	18035.06	1	5	 	3
	38	31637.54	 	0.00	 	31637.54	31637.54	1	4	 	3
	39	17964.67	2381.08	-385.00	0.00	20345.75	19960.75	1	5	 	3
	40	25190.55	 	2567.00	 	25190.55	27757.55	1	5	 	3
	41	27246.93	 	-3103.81	 	27246.93	24143.12	1	5	 	3
	42	41835.00	5000.00	0.00	0.00	46835.00	46835.00	1	5	 	3
	43	51139.00	0.00	-5949.30	0.00	51139.00	45189.70	1	5	 	3
	44	14491.64	 	0.00	 	14491.64	14491.64	1	5	 	3
	45	23050.00	0.00	0.00	0.00	23050.00	23050.00	1	5	 	3
	46	28138.00	0.00	0.00	0.00	28138.00	28138.00	1	5	 	3
	47	70948.00	 	-1939.00	 	70948.00	69009.00	1	5	 	3
	48	10333.33	9776.40	-38.00	0.00	20109.73	20071.73	1	5	 	3
	49	23049.67	0.00	0.00	0.00	23049.67	23049.67	1	5	 	3
	50	18950.08	16125.66	-1942.00	0.00	35075.74	33133.74	1	5	 	3
	51	168814.00	 	-5331.70	 	168814.00	163482.30	1	5	 	3
	52	20833.33	 	6078.65	 	20833.33	26911.98	1	5	 	3
	53	33919.00	17042.67	-5640.00	0.00	50961.67	45321.67	1	5	 	3
	54	12490.00	3284.06	0.00	0.00	15774.06	15774.06	1	5	 	3
	55	11682.00	821.70	1589.50	0.00	12503.70	14093.20	1	5	 	3
	56	10846.74	11267.83	0.00	0.00	22114.57	22114.57	1	5	 	3
	57	18476.72	0.00	0.00	0.00	18476.72	18476.72	1	5	 	3
	58	140439.54	0.00	0.00	0.00	140439.54	140439.54	1	5	 	3
	59	22500.00	 	0.00	 	22500.00	22500.00	1	5	 	3
	60	17954.16	0.00	0.00	0.00	17954.16	17954.16	1	5	 	3
	61	14459.92	13359.92	1095.25	0.00	27819.84	28915.09	1	5	 	3
	62	21747.00	0.00	0.00	0.00	21747.00	21747.00	1	5	 	3
	63	17580.00	0.00	0.00	0.00	17580.00	17874.00	1	5	 	3
	64	8897.00	 	5897.00	 	8897.00	14794.00	1	5	 	3
	65	21433.33	0.00	-786.00	0.00	21433.33	20647.33	1	5	 	3
	66	5833.33	0.00	9072.22	0.00	5833.33	14905.55	1	5	 	3
	67	1972.00	0.00	15645.65	0.00	1972.00	17617.65	1	5	 	3
	68	8176.79	8176.79	0.00	0.00	16353.58	16353.58	1	5	 	3
	69	57290.00	9959.32	-992.94	0.00	67249.32	66256.38	1	5	 	3
	70	26541.67	12864.82	11081.25	0.00	39406.49	50487.74	1	5	 	3
	71	278945.00	 	-2422.00	 	278945.00	276523.00	1	5	 	3
	72	12377.75	6666.66	0.00	0.00	19044.41	19044.41	1	5	 	3
	73	14570.50	9383.08	0.00	0.00	23953.58	23953.58	1	5	 	3
	74	17737.00	9345.59	-87.13	0.00	27082.59	26995.46	1	5	 	3
	75	23370.00	19863.00	0.00	0.00	43233.00	43233.00	1	5	 	3
	76	19333.00	0.00	9333.33	0.00	19333.00	28666.33	1	5	 	3
	77	28176.16	0.00	0.00	0.00	28176.16	28176.16	1	5	 	3
	78	14583.33	 	4166.67	 	14583.33	18750.00	1	5	 	3
	79	6958.34	14833.33	0.00	0.00	21791.67	21791.67	1	5	 	3
	80	12500.00	1472.00	0.00	0.00	13972.00	13972.00	1	5	 	3
	81	24200.00	4498.42	0.00	0.00	28698.42	28698.42	1	5	 	3
	82	247554.75	0.00	0.00	0.00	247554.75	247554.75	1	5	 	3
	83	25000.00	0.00	0.00	0.00	25000.00	25000.00	1	5	 	3
	84	10687.45	10387.45	-812.00	0.00	21074.90	20262.90	1	5	 	3
	85	16666.67	 	12426.35	 	16666.67	29093.02	1	5	 	3
	86	22124.63	 	-1171.00	 	22124.63	20953.63	1	5	 	3
	87	0.00	 	10000.00	 	0.00	10000.00	0	3	 	3
	88	10625.33	6588.40	1064.01	0.00	17213.73	18277.74	1	5	 	3
	89	99918.58	 	-3479.53	 	99918.58	96439.05	1	5	 	3
	90	0.00	9258.33	11700.97	0.00	9258.33	20959.30	1	5	 	3
	91	16439.50	 	20681.59	 	16439.50	37121.09	1	5	 	3
	92	14272.51	 	0.00	 	14272.51	14272.51	1	5	 	3
	93	10187.70	 	3199.72	 	10187.70	13387.42	1	5	 	3
	94	8500.00	 	4266.23	 	8500.00	12766.23	1	5	 	3
	95	39674.25	0.00	0.00	0.00	39674.25	39674.25	1	5	 	3
	96	12916.67	0.00	24383.73	0.00	12916.67	37300.40	1	5	 	3
	97	2437.48	6015.60	0.00	1191.67	8453.08	9644.75	1	5	 	3
	98	5822.00	7767.07	0.00	0.00	13589.07	13589.07	1	5	 	3
	99	18644.83	11072.96	0.00	0.00	29717.79	29717.79	1	5	 	3
	100	87487.08	0.00	0.00	0.00	87487.08	87487.08	1	5	 	3
	101	18922.04	 	0.00	 	18922.04	18922.04	1	5	 	3
	102	14809.58	7687.65	-1864.00	0.00	22497.23	20633.23	1	5	 	3
	103	9432.16	11741.42	3815.59	0.00	21173.58	24989.17	1	5	 	3
	104	30748.90	 	0.00	 	30748.90	30748.90	1	5	 	3
	105	45100.00	0.00	0.00	0.00	45100.00	45100.00	1	5	 	3
	106	24166.67	0.00	0.00	0.00	24166.67	24166.67	1	5	 	3
	107	15000.00	8750.00	0.00	0.00	23750.00	23750.00	1	5	 	3
	108	9642.50	8224.67	3145.12	0.00	17867.17	21012.29	1	5	 	3
	109	12499.99	 	2900.00	 	12499.99	15399.99	1	5	 	3
	110	15544.66	 	0.00	 	15544.66	15544.66	1	5	 	3
	111	11250.07	 	0.00	 	11250.07	11250.07	1	5	 	3
	112	0.00	12364.54	0.00	0.00	12364.54	12364.54	0	5	 	3
	113	7510.53	15000.00	0.00	0.00	22510.53	22510.53	1	5	 	3
	114	34377.00	 	0.00	 	34377.00	34377.00	1	5	 	3
	115	9166.66	11388.14	-1458.04	0.00	20554.80	19096.76	1	5	 	3
	116	7083.00	0.00	8242.92	0.00	7083.00	15325.92	1	5	 	3
	117	6705.33	21184.80	0.00	0.00	27890.13	27890.13	1	5	 	3
	118	22916.66	0.00	0.00	0.00	22916.66	22916.66	1	5	 	3
	119	21916.66	0.00	0.00	0.00	21916.66	21916.66	1	5	 	3
	120	17083.32	11465.16	0.00	0.00	28548.48	28548.48	1	5	 	3
	121	2901.58	 	28612.98	 	2901.58	31514.56	1	5	 	3
	122	18939.00	0.00	0.00	0.00	18939.00	18939.00	1	5	 	3
	123	8333.34	7500.00	16481.00	0.00	15833.34	32314.34	1	5	 	3
	124	11640.00	9250.00	0.00	0.00	20890.00	20890.00	1	5	 	3
	125	11551.00	0.00	0.00	0.00	11551.00	11551.00	1	5	 	3
	126	78071.46	0.00	0.00	0.00	78071.46	78071.46	1	5	 	3
	127	16456.51	 	0.00	 	16456.51	16456.51	1	5	 	3
	128	0.00	 	45597.00	 	0.00	45597.00	1	5	 	3
	129	20000.00	0.00	5926.86	0.00	20000.00	25926.86	1	5	 	3
	130	16666.67	0.00	0.00	0.00	16666.67	16666.67	1	5	 	3
	131	22419.26	4359.74	0.00	0.00	26779.00	26779.00	1	5	 	3
	132	25000.00	0.00	0.00	0.00	25000.00	25000.00	1	5	 	3
	133	53894.00	12638.88	0.00	0.00	66532.88	66532.88	1	5	 	3
	134	8850.08	14999.98	0.00	0.00	23850.06	23850.06	1	5	 	3
	135	15666.67	0.00	0.00	0.00	15666.67	15666.67	1	5	 	3
	136	18333.33	0.00	0.00	0.00	18333.33	18333.33	1	5	 	3
	137	23554.00	35685.00	-5620.00	0.00	59239.00	53619.00	1	5	 	3
	138	17471.76	 	0.00	 	17471.76	17471.76	1	5	 	3
	139	3390.33	 	6736.00	 	3390.33	10126.33	1	5	 	3
	140	34430.00	 	-4655.00	 	34430.00	29775.00	1	5	 	3
	141	801359.00	 	-5254.00	 	801359.00	796105.00	1	5	 	3
	142	30869.13	 	0.00	 	30869.13	30869.13	1	5	 	3
	143	0.00	0.00	92621.00	0.00	0.00	92621.00	1	5	 	3
	144	20648.62	0.00	1173.17	0.00	20648.62	21821.79	1	5	 	3
	145	25025.00	0.00	0.00	0.00	25025.00	25025.00	1	5	 	3
	146	34932.00	 	-80.50	 	34932.00	34851.50	1	5	 	3
	147	10033.33	 	0.00	 	10033.33	10033.33	1	5	 	3
	148	69904.25	0.00	-2317.43	0.00	69904.25	67586.82	1	5	 	3
	149	17083.16	0.00	0.00	0.00	17083.16	17083.16	1	5	 	3
	150	12500.00	5925.25	0.00	0.00	18425.25	18425.25	1	5	 	3
	151	14102.40	0.00	0.00	0.00	14102.40	14102.40	1	5	 	3
	152	35250.00	0.00	0.00	0.00	35250.00	35250.00	1	5	 	3
	153	12916.67	0.00	0.00	0.00	12916.67	12916.67	1	5	 	3
	154	12745.00	 	679.00	 	12745.00	13424.00	1	5	 	3
	155	23750.00	6358.00	0.00	0.00	30108.00	30108.00	1	5	 	3
	156	31303.77	 	0.00	 	31303.77	31303.77	1	5	 	3
	157	15409.00	0.00	-1642.00	0.00	15409.00	13767.00	1	5	 	3
	158	33821.00	0.00	0.00	0.00	33821.00	33821.00	1	5	 	3
	159	56227.38	0.00	0.00	0.00	56227.38	56227.38	1	5	 	3
	160	22838.22	5368.00	0.00	0.00	28206.22	28206.22	1	5	 	3
	161	0.00	5000.00	11620.00	0.00	5000.00	16620.00	1	5	 	3
	162	40275.00	 	0.00	 	40275.00	40275.00	1	5	 	3
	163	18166.67	 	4158.67	 	18166.67	22325.34	1	5	 	3
	164	27016.71	0.00	0.00	0.00	27016.71	27016.71	1	5	 	3
	165	5385.00	146034.00	0.00	0.00	151419.00	151419.00	1	5	 	3
	166	22822.00	0.00	0.00	0.00	22822.00	22822.00	1	5	 	3
	167	5182.00	0.00	33998.00	0.00	5182.00	39180.00	1	5	 	3
	168	8375.00	10758.32	0.00	0.00	19133.32	19133.32	1	5	 	3
	169	37683.00	0.00	0.00	0.00	37683.00	37683.00	1	5	 	3
	170	12133.33	9200.00	560.33	0.00	21333.33	21893.66	1	5	 	3
	171	5416.66	8749.97	0.00	0.00	14166.63	14166.63	1	5	 	3
	172	29076.08	5050.00	0.00	0.00	34126.08	34126.08	1	5	 	3
	173	4409.99	0.00	18221.58	0.00	4409.99	22631.57	1	5	 	3
	174	15745.77	0.00	0.00	0.00	15745.77	15745.77	1	5	 	3
	175	74980.00	0.00	0.00	0.00	74980.00	74980.00	1	5	 	3
	176	7916.67	 	7201.44	 	7916.67	15118.11	1	5	 	3
	177	19916.00	13136.00	0.00	0.00	33052.00	33052.00	1	5	 	3
	178	20974.00	5458.00	-2245.00	0.00	26432.00	24187.00	1	5	 	3
	179	24967.60	24967.60	0.00	0.00	49935.20	49935.20	1	5	 	3
	180	17976.50	0.00	0.00	0.00	17976.50	17976.50	1	5	 	3
	181	22102.25	 	0.00	 	22102.25	22102.25	1	5	 	3
	182	1705.90	12514.00	-170.00	0.00	14219.90	14049.90	1	5	 	3
	183	23006.71	0.00	0.00	0.00	23006.71	23006.71	1	5	 	3
	184	14501.67	 	3129.00	 	14501.67	17630.67	1	5	 	3
	185	9833.34	1197.88	140.75	0.00	11031.22	11171.97	1	5	 	3
	186	0.00	12500.00	0.00	8333.33	12500.00	20833.33	1	5	 	3
	187	24915.50	0.00	0.00	0.00	24915.50	24915.50	1	5	 	3
	188	8698.21	15714.16	-1221.00	0.00	24412.37	23191.37	1	5	 	3
	189	16666.67	0.00	8333.33	0.00	16666.67	25000.00	1	5	 	3
	190	12043.00	0.00	0.00	0.00	12043.00	12043.00	1	5	 	3
	191	21327.00	0.00	0.00	0.00	21327.00	21327.00	1	5	 	3
	192	0.00	27527.00	0.00	0.00	27527.00	27527.00	1	5	 	3
	193	29625.50	 	-1227.31	 	29625.50	28398.19	1	5	 	3
	194	22500.00	 	0.00	 	22500.00	22500.00	1	5	 	3
	195	0.00	14998.53	26145.46	0.00	14998.53	41143.99	1	5	 	3
	196	11544.10	29211.67	0.00	0.00	40755.77	40755.77	1	5	 	3
	197	43396.44	6106.53	0.00	0.00	49502.97	49502.97	1	5	 	3
	198	79343.00	20616.66	0.00	0.00	99959.66	99959.66	1	5	 	3
	199	8817.32	 	0.00	 	8817.32	8817.32	1	5	 	3
	200	27916.67	0.00	0.00	0.00	27916.67	27916.67	1	5	 	3
	201	16210.46	0.00	0.00	0.00	16210.46	16210.46	1	5	 	3
	202	53526.00	0.00	0.00	0.00	53526.00	53526.00	1	5	 	3
	203	28833.33	0.00	0.00	0.00	28833.33	28833.33	1	5	 	3
	204	24530.00	24530.00	0.00	0.00	49060.00	49060.00	1	5	 	3
	205	24166.00	0.00	0.00	0.00	24166.00	24166.00	1	5	 	3
	206	9583.33	 	1472.26	 	9583.33	11055.59	1	5	 	3
	207	9000.00	5271.49	0.00	0.00	14271.49	14271.49	1	5	 	3

 

 

	 	111	112	113	114	115	116	117	118	119	120
	KEY	Co-Borrower
 Employment
 Verification	Borrower Asset
 Verification	Co-Borrower Asset
 Verification	Liquid / Cash
 Reserves	Monthly Debt All
 Borrowers	Originator DTI	Fully Indexed Rate	Qualification
 Method	Percentage of Down
 Payment from
 Borrower Own
 Funds	City
	1	 	4	 	57319.52	5398.98	0.2972	 	 	55.9033	Portland
	2	 	4	 	61899.59	4425.49	0.4448	 	 	100	El Dorado Hills
	3	 	4	 	149563.86	9720.75	0.2009	 	 	63.65	Petaluma
	4	 	4	 	199055.51	5301.17	0.2079	 	 	100	Seattle
	5	 	4	 	1073448.00	6432.81	0.2009	 	 	 	Lake Stevens
	6	 	4	 	169069.31	9999.26	0.4578	 	 	 	Auburn
	7	 	4	 	478201.14	12489.42	0.2960	 	 	100	Seattle
	8	 	4	 	152293.73	5553.62	0.2145	 	 	100	Seattle
	9	 	4	 	138336.42	6804.75	0.3225	 	 	 	Kirkland
	10	 	4	 	251267.20	4112.20	0.2127	 	 	 	Seattle
	11	 	4	 	293962.09	8076.58	0.4222	 	 	 	Manzanita
	12	 	4	 	46511.68	4456.69	0.3870	 	 	 	Moses Lake
	13	 	4	 	98689.89	5576.88	0.3174	 	 	100	Seattle
	14	 	4	 	325917.55	11275.74	0.4195	 	 	 	Salinas
	15	 	4	 	1039176.49	8761.59	0.4359	 	 	100	Seattle
	16	 	4	 	811648.07	6594.06	0.2266	 	 	 	Chicago
	17	 	4	 	148884.13	5524.74	0.3608	 	 	100	LIBERTYVILLE
	18	 	4	 	242869.02	7059.50	0.1473	 	 	 	CHAPEL HILL
	19	 	4	 	123367.32	4710.47	0.4629	 	 	 	ALBANY
	20	 	4	 	506689.20	19143.63	0.2069	 	 	 	MEQUON
	21	 	4	 	6144662.02	8111.13	0.3502	 	 	 	Malibu
	22	 	4	 	372972.70	7594.67	0.1899	 	 	100	Dallas
	23	 	4	 	1500071.60	18847.25	0.1951	 	 	 	Manhasset
	24	 	4	 	126749.92	5611.91	0.2696	 	 	 	Dallas
	25	 	4	 	167041.90	6776.29	0.3652	 	 	100	Newport Beach
	26	 	4	 	433438.73	9208.86	0.2215	 	 	100	Saint Johns
	27	 	4	 	142433.94	6471.28	0.3313	 	 	100	Dallas
	28	 	4	 	75506.00	5588.67	0.3456	 	 	 	GEORGETOWN
	29	 	4	 	298262.02	7468.44	0.3541	 	 	100	THE WOODLANDS
	30	 	4	 	253214.29	7913.17	0.3966	 	 	100	THE WOODLANDS
	31	 	4	 	372811.39	9615.58	0.2028	 	 	 	HOUSTON
	32	 	4	 	549404.78	10763.34	0.4389	 	 	100	CARMICHAEL
	33	 	4	 	1804609.83	4995.20	0.1627	 	 	100	CLAREMONT
	34	 	4	 	138907.22	6462.32	0.4036	 	 	100	SHERMAN OAKS
	35	 	4	 	146849.05	6010.98	0.2743	 	 	 	SAN JOSE
	36	 	4	 	347127.62	9536.15	0.3705	 	 	100	EL DORADO HILLS
	37	 	4	 	181897.75	7808.06	0.4329	 	 	100	EL DORADO HILLS
	38	 	4	 	742413.62	10814.72	0.3418	 	 	 	HUNTINGTON BEACH
	39	 	4	 	58403.44	8999.66	0.4509	 	 	 	EL CAJON
	40	 	4	 	437633.75	11361.89	0.4093	 	 	 	MIAMI BEACH
	41	 	4	 	78519.85	10825.24	0.4484	 	 	 	LOS ANGELES
	42	 	4	 	227300.62	14558.80	0.3109	 	 	 	LOS ANGELES
	43	 	4	 	258880.76	13594.01	0.3008	 	 	100	GREENSBORO
	44	 	4	 	129964.91	5512.88	0.3804	 	 	 	CARLSBAD
	45	 	4	 	355325.54	8139.95	0.3531	 	 	 	LOS GATOS
	46	 	4	 	185630.59	8901.23	0.3163	 	 	 	NORTH ANDOVER
	47	 	4	 	231928.49	6124.27	0.0887	 	 	 	GOLD RIVER
	48	 	4	 	166048.00	6635.89	0.3306	 	 	 	IRVINE
	49	 	4	 	298086.08	8787.96	0.3813	 	 	 	SAN DIEGO
	50	 	4	 	110973.36	13838.57	0.4177	 	 	 	CALABASAS
	51	 	4	 	1901501.64	10953.97	0.0670	 	 	 	DEL MAR
	52	 	4	 	195412.31	8360.64	0.3107	 	 	100	ATLANTA
	53	 	4	 	158368.95	13935.96	0.3075	 	 	100	LA CANADA FLINTRIDGE
	54	 	4	 	54584.55	6377.48	0.4043	 	 	 	FORT WALTON BEACH
	55	 	4	 	110931.00	4710.84	0.3343	 	 	 	SAN DIEGO
	56	 	4	 	518844.47	6559.69	0.2966	 	 	 	ARCADIA
	57	 	4	 	418560.11	5274.38	0.2855	 	 	 	COCKEYSVILLE
	58	 	4	 	469094.22	10889.40	0.0775	 	 	 	HUNTINGTON BEACH
	59	 	4	 	658360.36	7167.96	0.3186	 	 	100	MIAMI
	60	 	4	 	391877.81	3966.04	0.2209	 	 	 	EUGENE
	61	 	4	 	99611.99	9147.75	0.3164	 	 	 	RANCHO PALOS VERDES
	62	 	4	 	201607.78	6759.71	0.3108	 	 	 	YORBA LINDA
	63	 	4	 	324143.26	5567.52	0.3115	 	 	99.73	MOORPARK
	64	 	4	 	90605.90	6044.27	0.4086	 	 	 	GIG HARBOR
	65	 	4	 	173175.80	9283.84	0.4496	 	 	100	LA JOLLA
	66	 	4	 	524893.61	5646.01	0.3788	 	 	100	BRECKSVILLE
	67	 	4	 	103922.00	7550.27	0.4286	 	 	100	CLYDE HILL
	68	 	4	 	334263.57	7223.59	0.4417	 	 	100	MONKTON
	69	 	4	 	383870.03	6849.52	0.1034	 	 	100	Scottsdale
	70	 	4	 	1828861.56	18763.31	0.3716	 	 	100	Los Altos
	71	 	4	 	3405188.40	24832.32	0.0898	 	 	 	Boulder
	72	 	4	 	191426.76	5512.99	0.2895	 	 	94.8757	Boulder
	73	 	4	 	485333.77	9283.64	0.3876	 	 	100	Boulder
	74	 	4	 	56431.12	6460.23	0.2393	 	 	 	houston
	75	 	4	 	298510.93	9610.18	0.2223	 	 	 	SUAMICO
	76	 	4	 	872220.00	11333.84	0.3954	 	 	 	NAPLES
	77	 	4	 	75241.63	5361.81	0.1903	 	 	 	NAPLES
	78	 	4	 	123746.03	6823.13	0.3639	 	 	100	Fort Lauderdale
	79	 	4	 	239849.27	6136.03	0.2816	 	 	100	Bellaire
	80	 	4	 	234497.21	6386.20	0.4571	 	 	 	Los Gatos
	81	 	4	 	53114.26	7178.24	0.2501	 	 	 	Bryan
	82	 	4	 	1235943.19	8949.85	0.0362	 	 	 	San Luis Obispo
	83	 	4	 	230772.47	5054.30	0.2022	 	 	 	libertyville
	84	 	4	 	56763.25	8660.16	0.4274	 	 	100	davie
	85	 	4	 	888833.97	8040.96	0.2764	 	 	100	Palm Springs
	86	 	4	 	129518.96	7102.99	0.3390	 	 	 	SYRACUSE
	87	 	4	 	174375.39	3977.69	0.3978	 	 	 	Chelan
	88	 	4	 	127579.76	7322.63	0.4006	 	 	100	PORTLAND
	89	 	3	 	170552.95	12838.26	0.1331	 	 	100	SALT LAKE CITY
	90	 	4	 	173689.23	4630.48	0.2209	 	 	100	BERLIN
	91	 	4	 	258328.45	12247.06	0.3299	 	 	100	Fullerton
	92	 	4	 	562533.57	4171.33	0.2923	 	 	 	RICHMOND
	93	 	4	 	68342.13	5936.18	0.4434	 	 	 	ARLINGTON
	94	 	4	 	191030.39	5548.40	0.4346	 	 	 	Thousand Oaks
	95	 	4	 	437190.65	14124.15	0.3560	 	 	 	ROLLING HILLS
	96	 	4	 	111073.07	10137.47	0.2718	 	 	100	Loomis
	97	 	4	 	78167.63	4178.51	0.4332	 	 	 	Lexington
	98	 	4	 	115744.72	5454.22	0.4014	 	 	 	SPRING
	99	 	4	 	243471.86	12452.88	0.4190	 	 	 	LAS VEGAS
	100	 	4	 	5338011.75	20869.26	0.2385	 	 	 	WEST BLOOMFIELD
	101	 	4	 	84631.00	7137.60	0.3772	 	 	 	HOUSTON
	102	 	4	 	175953.00	6481.81	0.3141	 	 	 	CORONA
	103	 	4	 	385852.51	9473.74	0.3791	 	 	100	SANTA MONICA
	104	 	4	 	48208.15	5138.76	0.1671	 	 	100	COEUR D ALENE
	105	 	4	 	167382.41	7155.16	0.1587	 	 	 	WEST HOLLYWOOD
	106	 	4	 	156636.07	7155.00	0.2961	 	 	100	SCOTTSDALE
	107	 	4	 	107597.74	5812.46	0.2447	 	 	 	WESTPORT
	108	 	4	 	121047.62	8831.26	0.4203	 	 	100	TARZANA
	109	 	4	 	71656.87	5979.38	0.3883	 	 	62.0168	NEWPORT BEACH
	110	 	4	 	1306592.36	6737.41	0.4334	 	 	 	Littleton
	111	 	4	 	43794.09	4661.49	0.4144	 	 	100	Olathe
	112	 	4	 	71294.00	6013.35	0.4863	 	 	 	Hermosa Beach
	113	 	4	 	45158.16	5080.42	0.2257	 	 	 	Atlanta
	114	 	4	 	59806.58	12301.74	0.3578	 	 	100	Las Vegas
	115	 	4	 	212951.53	6528.04	0.3418	 	 	 	Beverly Hills
	116	 	4	 	218925.06	6470.80	0.4222	 	 	95.6318	Dallas
	117	 	4	 	224362.99	4878.90	0.1700	 	 	 	University Park
	118	 	4	 	362524.38	5200.91	0.2269	 	 	 	dallas
	119	 	4	 	182533.51	9696.74	0.4424	 	 	100	Dallas
	120	 	4	 	244866.54	8484.79	0.2972	 	 	100	DALLAS
	121	 	4	 	9767692.18	12430.26	0.3944	 	 	100	Dallas
	122	 	4	 	121294.00	5169.08	0.2729	 	 	 	DADEVILLE
	123	 	4	 	245737.59	6729.14	0.2082	 	 	100	fairfield
	124	 	4	 	115355.69	6265.48	0.2999	 	 	100	tampa
	125	 	4	 	48254.73	5064.95	0.4385	 	 	100	BIRMINGHAM
	126	 	4	 	195085.16	14057.47	0.1801	 	 	100	BLOOMFIELD HILLS
	127	 	4	 	118518.51	5284.25	0.3211	 	 	100	LAS VEGAS
	128	 	4	 	263228.73	15220.78	0.3338	 	 	100	SAN ANTONIO
	129	 	4	 	1995341.58	11907.92	0.4593	 	 	100	DALLAS
	130	 	4	 	493778.82	7074.85	0.4245	 	 	 	DALLAS
	131	 	4	 	59794.10	9018.90	0.3400	 	 	100	New York
	132	 	4	 	413340.93	7995.88	0.3198	 	 	98.1425	Westfield
	133	 	4	 	353278.15	7293.60	0.1096	 	 	 	Stamford
	134	 	4	 	120547.69	6654.83	0.2790	 	 	9.8878	Riverside
	135	 	4	 	258379.48	4212.13	0.2689	 	 	100	FAIR OAKS RANCH
	136	 	4	 	424662.90	5645.42	0.3079	 	 	100	BOERNE
	137	 	4	 	1177393.62	9050.14	0.1688	 	 	100	SCOTTSDALE
	138	 	4	 	211546.33	7262.49	0.4157	 	 	100	CARY
	139	 	4	 	235173.06	4555.26	0.4498	 	 	 	DALLAS
	140	 	4	 	126083.00	9712.37	0.3262	 	 	 	FORT LAUDERDALE
	141	 	4	 	9591997.64	16939.52	0.0213	 	 	100	GREENWICH
	142	 	4	 	196215.08	9440.00	0.3058	 	 	 	STATEN ISLAND
	143	 	4	 	1266397.50	11826.13	0.1277	 	 	100	MIDLAND
	144	 	4	 	2118145.71	7838.58	0.3592	 	 	 	BALTIMORE
	145	 	4	 	2692600.01	8311.85	0.3321	 	 	100	COCKEYSVILLE
	146	 	4	 	125757.96	6450.63	0.1851	 	 	0	DANVILLE
	147	 	4	 	154873.63	4097.19	0.4084	 	 	 	SAN DIEGO
	148	 	4	 	1001184.40	9722.57	0.1439	 	 	100	MIRAMAR BEACH
	149	 	4	 	141872.17	4746.21	0.2778	 	 	 	WINCHESTER
	150	 	4	 	180563.33	5758.83	0.3126	 	 	100	CORONA
	151	 	4	 	523863.57	4986.99	0.3536	 	 	100	SAN DIEGO
	152	 	4	 	174516.23	13544.32	0.3842	 	 	 	HERMOSA BEACH
	153	 	4	 	436013.33	5747.34	0.4450	 	 	100	LA CANADA FLINTRIDGE
	154	 	4	 	38155.75	5257.90	0.3917	 	 	 	HENDERSONVILLE
	155	 	4	 	176857.00	8063.46	0.2678	 	 	 	HUNTINGTON BEACH
	156	 	4	 	47513.86	7011.61	0.2240	 	 	 	MASON
	157	 	4	 	54515.87	5997.51	0.4356	 	 	60.4502	REDDING
	158	 	4	 	1124121.85	10235.66	0.3026	 	 	 	CHADDS FORD
	159	 	4	 	718116.61	6931.82	0.1233	 	 	 	SOUTHLAKE
	160	 	4	 	657402.30	11025.30	0.3909	 	 	 	HOUSTON
	161	 	4	 	69525.76	6765.45	0.4071	 	 	43.0527	AUSTIN
	162	 	4	 	167307.26	7692.48	0.1910	 	 	100	FRISCO
	163	 	4	 	106351.20	8341.86	0.3737	 	 	 	COLLEYVILLE
	164	 	4	 	193220.70	8042.55	0.2977	 	 	 	SOUTHLAKE
	165	 	3	 	199657.57	15324.66	0.1012	 	 	 	NASHVILLE
	166	 	4	 	47546.00	6848.27	0.3001	 	 	 	LOOMIS
	167	 	4	 	248394.38	5050.81	0.1289	 	 	 	SPOKANE
	168	 	4	 	192093.76	4123.77	0.2155	 	 	100	SAN DIEGO
	169	 	4	 	162491.18	7834.90	0.2079	 	 	100	HOUSTON
	170	 	4	 	84014.68	8161.02	0.3728	 	 	 	HOUSTON
	171	 	4	 	536101.32	5835.50	0.4119	 	 	 	ATLANTA
	172	 	4	 	120897.12	7809.92	0.2289	 	 	 	HIGHLAND PARK
	173	 	4	 	433981.49	9752.08	0.4309	 	 	 	UNIVERSITY PARK
	174	 	4	 	184501.89	5747.80	0.3650	 	 	100	SIERRA MADRE
	175	 	4	 	576431.29	10910.26	0.1455	 	 	100	Manhattan Beach
	176	 	4	 	199689.00	5642.55	0.3700	 	 	100	Chattanooga
	177	 	4	 	440644.36	11333.76	0.3429	 	 	 	Holladay
	178	 	4	 	755740.49	10025.10	0.4145	 	 	100	San Marcos
	179	 	4	 	340759.27	7065.80	0.1415	 	 	100	Seattle
	180	 	4	 	361071.82	3810.05	0.2119	 	 	100	SEATTLE
	181	 	4	 	133430.02	8676.99	0.3926	 	 	78.1141	SAINT JOHNS
	182	 	4	 	215163.05	4618.85	0.3287	 	 	 	QUEENSTOWN
	183	 	4	 	233101.99	9967.15	0.4332	 	 	 	THE WOODLANDS
	184	 	4	 	109421.28	7921.67	0.4493	 	 	100	THE WOODLANDS
	185	 	4	 	192139.85	5385.52	0.4821	 	 	100	JUPITER
	186	 	4	 	141904.99	5399.12	0.2592	 	 	100	LOS GATOS
	187	 	4	 	49573.71	7518.05	0.3017	 	 	 	DALLAS
	188	 	4	 	206023.75	7046.40	0.3038	 	 	 	GARDEN RIDGE
	189	 	4	 	169875.55	7063.90	0.2826	 	 	 	UNIVERSITY PARK
	190	 	4	 	58084.33	4809.10	0.3993	 	 	 	UNIVERSITY PARK
	191	 	4	 	85768.10	9036.98	0.4237	 	 	 	FRISCO
	192	 	4	 	79208.35	5982.66	0.2173	 	 	100	DALLAS
	193	 	4	 	225513.51	11865.90	0.4178	 	 	 	LAGUNA BEACH
	194	 	4	 	320372.58	4515.57	0.2007	 	 	100	ALBUQUERQUE
	195	 	4	 	110319.33	8505.74	0.2067	 	 	 	GLENCOE
	196	 	4	 	88885.46	6493.17	0.1593	 	 	 	HINSDALE
	197	 	4	 	852355.12	7198.67	0.1454	 	 	100	HINSDALE
	198	 	4	 	774520.61	18957.55	0.1897	 	 	100	AUSTIN
	199	 	4	 	190666.40	3585.11	0.4066	 	 	 	AUSTIN
	200	 	4	 	250190.04	10081.09	0.3611	 	 	 	Fairfax
	201	 	4	 	151957.99	7180.76	0.4430	 	 	 	Bethesda
	202	 	4	 	68901.20	12347.00	0.2307	 	 	100	PARADISE VALLEY
	203	 	4	 	112920.80	6012.38	0.2085	 	 	100	Rexburg
	204	 	4	 	889431.66	13506.22	0.2753	 	 	100	LAGUNA NIGUEL
	205	 	4	 	367067.13	5748.12	0.2379	 	 	 	Essex Fells
	206	 	4	 	29746.35	4329.76	0.3916	 	 	100	Boulder
	207	 	4	 	37950.80	6052.05	0.4241	 	 	100	DALLAS

 

	 	121	122	123	124	125	126	127	128	129	130
	KEY	State	Postal Code	Property Type	Occupancy	Sales Price	Original Appraised
 Property Value	Original Property
 Valuation Type	Original Property
 Valuation Date	Original Automated
 Valuation Model
 (AVM) Model Name	Original AVM
 Confidence Score
	1	OR	97213	1	1	725000.00	735000.00	3	20120209	 	 
	2	CA	95762	7	1	689999.00	690000.00	3	20120314	 	 
	3	CA	94952	1	1	1275100.00	1275000.00	3	20120323	 	 
	4	WA	98112	1	1	975000.00	1000000.00	3	20120204	 	 
	5	WA	98258	1	1	 	1050000.00	3	20111215	 	 
	6	WA	98092	7	1	 	950000.00	3	20120106	 	 
	7	WA	98112	1	1	1100000.00	1100000.00	3	20120212	 	 
	8	WA	98105	1	1	825000.00	830000.00	3	20120202	 	 
	9	WA	98033	1	1	 	1275000.00	3	20120320	 	 
	10	WA	98112	1	1	 	990000.00	3	20120311	 	 
	11	OR	97130	1	2	 	960000.00	3	20120308	 	 
	12	WA	98837	1	1	 	645000.00	3	20120308	 	 
	13	WA	98119	1	1	1033000.00	1085000.00	3	20120308	 	 
	14	CA	93908	1	1	 	1325000.00	3	20120131	 	 
	15	WA	98103	1	1	1009000.00	1010000.00	3	20120316	 	 
	16	IL	60618	1	1	 	1100000.00	3	20111006	 	 
	17	IL	60048	7	1	925000.00	925000.00	3	20111029	 	 
	18	NC	27514	7	1	 	1268800.00	3	20111214	 	 
	19	OR	97322	1	1	 	605000.00	3	20120227	 	 
	20	WI	53092	1	1	 	1600000.00	3	20120117	 	 
	21	CA	90265	1	1	 	9000000.00	3	20111226	 	 
	22	TX	75229	1	1	1050000.00	1087000.00	3	20120210	 	 
	23	NY	11030	1	1	 	2350000.00	3	20120316	 	 
	24	TX	75205	1	1	 	1054000.00	3	20120215	 	 
	25	CA	92663	1	1	1130000.00	1130000.00	3	20120306	 	 
	26	FL	32259	7	1	1200000.00	1000000.00	3	20120312	 	 
	27	TX	75225	1	1	893000.00	895000.00	3	20120409	 	 
	28	TX	78628	1	1	 	800000.00	3	20120227	 	 
	29	TX	77380	7	1	670000.00	678000.00	3	20120117	 	 
	30	TX	77381	7	1	825000.00	843000.00	3	20120210	 	 
	31	TX	77024	7	1	 	1270000.00	3	20120206	 	 
	32	CA	95608	1	1	1650000.00	1650000.00	3	20120312	 	 
	33	CA	91711	1	1	1500000.00	1500000.00	3	20120312	 	 
	34	CA	91423	1	1	807000.00	900000.00	3	20120228	 	 
	35	CA	95124	1	1	 	1090000.00	3	20120309	 	 
	36	CA	95762	1	1	805000.00	808000.00	3	20120321	 	 
	37	CA	95762	1	1	740000.00	740000.00	3	20120411	 	 
	38	CA	92649	1	1	 	2100000.00	3	20120208	 	 
	39	CA	92020	1	1	 	1500000.00	3	20111206	 	 
	40	FL	33141	7	1	 	2000000.00	3	20111219	 	 
	41	CA	90077	1	1	 	1250000.00	3	20120114	 	 
	42	CA	90077	7	1	 	3650000.00	3	20120112	 	 
	43	GA	30642	1	2	999999.00	1183000.00	3	20111223	 	 
	44	CA	92008	1	1	 	970000.00	3	20120103	 	 
	45	CA	95030	1	1	 	2124000.00	3	20120116	 	 
	46	MA	01845	1	1	 	1800000.00	3	20120111	 	 
	47	CA	95670	7	1	 	725000.00	3	20120116	 	 
	48	CA	92603	7	1	 	1300000.00	3	20120222	 	 
	49	CA	92101	3	1	 	1050000.00	98	20120227	 	 
	50	CA	91302	7	1	 	2100000.00	3	20120201	 	 
	51	CA	92014	1	2	 	1850000.00	3	20120117	 	 
	52	GA	30327	1	1	925000.00	925000.00	3	20120201	 	 
	53	CA	91011	1	1	1875000.00	1875000.00	3	20120208	 	 
	54	FL	32547	1	1	 	1066000.00	3	20120209	 	 
	55	CA	92109	1	1	 	1150000.00	3	20120207	 	 
	56	CA	91007	1	1	 	1200000.00	3	20120309	 	 
	57	MD	21030	1	1	 	2800000.00	3	20120313	 	 
	58	CA	92648	7	1	 	2200000.00	3	20120302	 	 
	59	FL	33156	1	1	995000.00	1000000.00	3	20120319	 	 
	60	OR	97405	7	1	 	775000.00	3	20120416	 	 
	61	CA	90275	1	1	 	1500000.00	3	20120320	 	 
	62	CA	92887	1	1	 	1350000.00	3	20120315	 	 
	63	CA	93021	7	1	1085000.00	1085000.00	3	20120314	 	 
	64	WA	98335	1	1	 	920000.00	3	20120405	 	 
	65	CA	92037	1	1	1075000.00	1075000.00	3	20120316	 	 
	66	OH	44141	7	1	710000.00	710000.00	3	20120406	 	 
	67	WA	98004	1	1	1100000.00	1102000.00	3	20120419	 	 
	68	MD	21111	1	1	850000.00	845000.00	3	20120319	 	 
	69	AZ	85255	7	2	1475000.00	1475000.00	3	20120221	 	 
	70	CA	94024	1	1	2375000.00	2545000.00	3	20120411	 	 
	71	CO	80302	1	1	 	1800000.00	3	20120216	 	 
	72	CO	80304	1	1	1365000.00	1450000.00	3	20120306	 	 
	73	CO	80304	1	1	1070000.00	1070000.00	3	20120309	 	 
	74	TX	77055	1	1	 	910000.00	3	20120308	 	 
	75	WI	54173	1	1	 	1774500.00	3	20120122	 	 
	76	FL	34110	4	1	 	2000000.00	98	20120204	 	 
	77	FL	34102	1	1	 	1330000.00	3	20120222	 	 
	78	FL	33304	1	1	900000.00	930000.00	3	20120409	 	 
	79	TX	77401	1	1	795000.00	795000.00	3	20120413	 	 
	80	CA	95030	1	1	 	1400000.00	3	20120213	 	 
	81	TX	77802	7	1	 	905000.00	3	20120306	 	 
	82	CA	93405	1	1	 	1650000.00	3	20120208	 	 
	83	IL	60048	1	1	 	810000.00	3	20120309	 	 
	84	FL	33328	7	1	691000.00	700000.00	3	20120326	 	 
	85	CA	92262	1	2	914000.00	915000.00	3	20120305	 	 
	86	IN	46567	1	1	 	1850000.00	3	20120216	 	 
	87	WA	98816	1	1	 	795000.00	3	20120127	 	 
	88	OR	97201	1	1	836900.00	860000.00	3	20120127	 	 
	89	UT	84108	1	2	1100000.00	1136000.00	3	20120131	 	 
	90	CT	06037	1	1	579900.00	580000.00	3	20120123	 	 
	91	CA	92831	1	1	2068000.00	2068000.00	3	20120217	 	 
	92	VA	23226	1	1	 	1035000.00	3	20120126	 	 
	93	VA	22207	1	1	 	1245000.00	3	20120207	 	 
	94	CA	91320	7	1	 	840000.00	3	20120201	 	 
	95	CA	90274	1	1	 	2795000.00	3	20120213	 	 
	96	CA	95746	7	1	1150000.00	1150000.00	3	20120229	 	 
	97	MA	02420	1	1	 	1200000.00	3	20120326	 	 
	98	TX	77386	7	1	 	758000.00	3	20120302	 	 
	99	NV	89135	7	1	 	1703484.00	3	20120327	 	 
	100	MI	48323	1	1	 	1600000.00	3	20120413	 	 
	101	TX	77027	1	1	 	1290000.00	3	20120319	 	 
	102	CA	92881	7	1	 	705000.00	3	20120310	 	 
	103	CA	90405	1	1	895000.00	1000000.00	3	20120316	 	 
	104	ID	83814	7	1	560000.00	560000.00	3	20120405	 	 
	105	CA	90046	1	1	 	2000000.00	3	20120330	 	 
	106	AZ	85259	7	1	865000.00	865000.00	3	20120329	 	 
	107	CT	06880	1	1	 	1550000.00	3	20120404	 	 
	108	CA	91356	1	1	885000.00	885000.00	3	20120404	 	 
	109	CA	92660	1	1	942000.00	950000.00	3	20120405	 	 
	110	CO	80127	1	1	 	892000.00	3	20120322	 	 
	111	KS	66061	7	1	625000.00	630000.00	3	20120418	 	 
	112	CA	90254	1	1	 	1425000.00	3	20120424	 	 
	113	GA	30327	7	1	 	850000.00	3	20120423	 	 
	114	NV	89144	7	1	955000.00	1100000.00	3	20120421	 	 
	115	CA	90210	1	1	 	1115000.00	3	20120308	 	 
	116	TX	75225	1	1	1475000.00	1500000.00	3	20120309	 	 
	117	TX	75225	1	1	 	1200000.00	3	20120417	 	 
	118	TX	75225	1	1	 	1050000.00	3	20120229	 	 
	119	TX	75219	4	1	808350.00	809000.00	3	20120319	 	 
	120	TX	75225	1	1	1350000.00	1350000.00	3	20120402	 	 
	121	TX	75209	1	1	3200000.00	3200000.00	3	20120423	 	 
	122	AL	36853	1	1	 	880000.00	3	20120201	 	 
	123	CT	06824	1	1	945000.00	950000.00	3	20120204	 	 
	124	FL	33629	1	1	670000.00	763500.00	3	20120203	 	 
	125	MI	48009	1	1	750000.00	750000.00	3	20120323	 	 
	126	MI	48301	1	1	1875000.00	1875000.00	3	20120313	 	 
	127	NV	89135	7	1	575000.00	578000.00	3	20120316	 	 
	128	TX	78209	1	1	1300000.00	1400000.00	3	20120117	 	 
	129	TX	75225	1	1	1100000.00	1185000.00	3	20120308	 	 
	130	TX	75209	1	1	 	980000.00	3	20120320	 	 
	131	NY	10012	2	1	1125000.00	1200000.00	3	20120217	 	 
	132	NJ	07090	1	1	1290000.00	1290000.00	3	20120326	 	 
	133	CT	06903	1	1	 	1150000.00	3	20120217	 	 
	134	CT	06878	1	1	1200000.00	1200000.00	3	20120224	 	 
	135	TX	78015	7	1	675000.00	675000.00	3	20120222	 	 
	136	TX	78006	7	1	835000.00	850000.00	3	20120306	 	 
	137	AZ	85266	7	1	740000.00	742000.00	3	20111130	 	 
	138	NC	27511	7	1	700000.00	720000.00	3	20111012	 	 
	139	TX	75218	1	1	 	1050000.00	3	20120228	 	 
	140	FL	33301	1	1	 	1250000.00	3	20120205	 	 
	141	CT	06830	3	3	2500000.00	2500000.00	3	20120130	 	 
	142	NY	10304	1	1	 	1800000.00	3	20120125	 	 
	143	TX	79705	1	1	1266250.00	1275000.00	3	20120112	 	 
	144	MD	21212	3	1	 	1070000.00	3	20120107	 	 
	145	MD	21030	1	1	1995000.00	2000000.00	3	20120315	 	 
	146	CA	94526	1	1	 	1175000.00	3	20110824	 	 
	147	CA	92122	7	1	 	930000.00	3	20120218	 	 
	148	FL	32550	3	2	1550000.00	1550000.00	3	20120221	 	 
	149	MA	01890	1	1	 	795000.00	3	20120126	 	 
	150	CA	92881	1	1	750000.00	750000.00	3	20120131	 	 
	151	CA	92130	7	1	1125000.00	1125000.00	3	20120316	 	 
	152	CA	90254	1	1	 	2215000.00	3	20120225	 	 
	153	CA	91011	1	1	950000.00	950000.00	3	20120319	 	 
	154	TN	37075	1	1	 	805000.00	3	20111110	 	 
	155	CA	92648	7	1	 	1400000.00	3	20111221	 	 
	156	OH	45040	7	1	 	1100000.00	3	20120128	 	 
	157	CA	96001	1	1	875000.00	875000.00	3	20111209	 	 
	158	PA	19317	1	1	 	850000.00	3	20120216	 	 
	159	TX	76092	7	1	 	1103000.00	3	20120224	 	 
	160	TX	77024	7	1	 	1425000.00	3	20120215	 	 
	161	TX	78746	1	1	838235.00	840000.00	3	20120208	 	 
	162	TX	75033	7	1	650000.00	655000.00	3	20120321	 	 
	163	TX	76034	7	1	 	770000.00	3	20120405	 	 
	164	TX	76092	7	1	 	1235000.00	3	20120220	 	 
	165	TN	37215	7	1	 	770000.00	3	20110321	 	 
	166	CA	95650	7	1	 	1029224.00	3	20120127	 	 
	167	WA	99223	1	1	 	860000.00	3	20120131	 	 
	168	CA	92107	1	1	849900.00	860000.00	3	20120223	 	 
	169	TX	77005	1	1	1365000.00	1365000.00	3	20120316	 	 
	170	TX	77025	1	1	 	978500.00	3	20120211	 	 
	171	GA	30342	1	1	 	1556000.00	3	20120215	 	 
	172	TX	75205	1	1	 	1680000.00	3	20120202	 	 
	173	TX	75225	1	1	 	2300000.00	3	20120328	 	 
	174	CA	91024	1	1	987000.00	990000.00	3	20120309	 	 
	175	CA	90266	1	1	1998000.00	1998000.00	3	20120221	 	 
	176	TN	37405	1	1	887000.00	925000.00	3	20120404	 	 
	177	UT	84121	1	1	 	1600000.00	3	20120305	 	 
	178	CA	92069	7	1	900000.00	875000.00	3	20120309	 	 
	179	WA	98125	1	1	1235000.00	1235000.00	3	20120330	 	 
	180	WA	98109	1	1	854000.00	860000.00	3	20120307	 	 
	181	FL	32259	7	1	963749.00	970000.00	3	20120302	 	 
	182	MD	21658	7	1	 	850000.00	3	20111208	 	 
	183	TX	77381	7	1	 	1220000.00	3	20120224	 	 
	184	TX	77382	7	1	788580.00	800000.00	3	20120308	 	 
	185	FL	33458	7	1	627165.00	650000.00	3	20120409	 	 
	186	CA	95030	1	1	1540000.00	1540000.00	3	20120312	 	 
	187	TX	75205	1	1	 	1500000.00	3	20120306	 	 
	188	TX	78266	7	1	 	665000.00	3	20111117	 	 
	189	TX	75225	1	1	 	1265000.00	3	20120216	 	 
	190	TX	75225	1	1	 	895000.00	3	20120221	 	 
	191	TX	75034	7	1	 	1180000.00	3	20120124	 	 
	192	TX	75230	1	1	840000.00	800000.00	3	20120215	 	 
	193	CA	92654	1	1	 	5000000.00	3	20120206	 	 
	194	NM	87111	7	1	1275000.00	1300000.00	3	20120126	 	 
	195	IL	60022	1	1	 	1365000.00	3	20111207	 	 
	196	IL	60521	1	1	 	1150000.00	3	20120308	 	 
	197	IL	60521	1	1	1195000.00	1195000.00	3	20120419	 	 
	198	TX	78701	4	1	1107150.00	1200000.00	3	20120322	 	 
	199	TX	78733	7	1	 	695000.00	3	20120402	 	 
	200	VA	22032	1	1	 	1000000.00	3	20120313	 	 
	201	MD	20817	1	1	 	1222000.00	3	20120314	 	 
	202	AZ	85253	7	1	1300000.00	1300000.00	3	20120330	 	 
	203	ID	83440	7	2	625000.00	640000.00	3	20120501	 	 
	204	CA	92677	6	1	2300000.00	2300000.00	3	20120308	 	 
	205	NJ	07021	1	1	 	1235000.00	3	20120406	 	 
	206	CO	80305	1	1	827300.00	830000.00	3	20120412	 	 
	207	TX	75205	1	1	727500.00	727500.00	3	20120427	 	 

 

	 	131	132	133	134	135	136	137	138	139	140
	KEY	Most Recent
 Property Value2	Most Recent
 Property Valuation
 Type	Most Recent
 Property Valuation
 Date	Most Recent AVM
 Model Name	Most Recent AVM
 Confidence Score	Original CLTV	Original LTV	Original Pledged
 Assets	Mortgage Insurance
 Company Name	Mortgage Insurance
 Percent
	1	 	 	 	 	 	0.8000	0.8000	0	0	0
	2	 	 	 	 	 	0.7500	0.7500	0	0	0
	3	 	 	 	 	 	0.7843	0.7843	0	0	0
	4	 	 	 	 	 	0.8000	0.8000	0	0	0
	5	 	 	 	 	 	0.7500	0.7500	0	0	0
	6	 	 	 	 	 	0.7273	0.7273	0	0	0
	7	 	 	 	 	 	0.8000	0.8000	0	0	0
	8	 	 	 	 	 	0.8000	0.8000	0	0	0
	9	 	 	 	 	 	0.6145	0.6145	0	0	0
	10	 	 	 	 	 	0.5872	0.5872	0	0	0
	11	 	 	 	 	 	0.6770	0.6770	0	0	0
	12	 	 	 	 	 	0.7852	0.7852	0	0	0
	13	 	 	 	 	 	0.8000	0.8000	0	0	0
	14	 	 	 	 	 	0.7358	0.7358	0	0	0
	15	 	 	 	 	 	0.8000	0.8000	0	0	0
	16	 	 	 	 	 	0.7954	0.7954	0	0	0
	17	 	 	 	 	 	0.6162	0.6162	0	0	0
	18	 	 	 	 	 	0.7660	0.7660	0	0	0
	19	 	 	 	 	 	0.7434	0.7434	0	0	0
	20	 	 	 	 	 	0.7000	0.7000	0	0	0
	21	 	 	 	 	 	0.0779	0.0779	0	0	0
	22	 	 	 	 	 	0.7142	0.7142	0	0	0
	23	 	 	 	 	 	0.7000	0.6000	0	0	0
	24	 	 	 	 	 	0.7182	0.7182	0	0	0
	25	 	 	 	 	 	0.7500	0.7500	0	0	0
	26	 	 	 	 	 	0.7000	0.7000	0	0	0
	27	 	 	 	 	 	0.7500	0.7500	0	0	0
	28	 	 	 	 	 	0.7403	0.7403	0	0	0
	29	 	 	 	 	 	0.8000	0.8000	0	0	0
	30	 	 	 	 	 	0.8000	0.8000	0	0	0
	31	 	 	 	 	 	0.7500	0.7500	0	0	0
	32	 	 	 	 	 	0.7500	0.7500	0	0	0
	33	 	 	 	 	 	0.5000	0.5000	0	0	0
	34	 	 	 	 	 	0.8000	0.8000	0	0	0
	35	 	 	 	 	 	0.7201	0.7201	0	0	0
	36	 	 	 	 	 	0.8000	0.8000	0	0	0
	37	 	 	 	 	 	0.8000	0.8000	0	0	0
	38	 	 	 	 	 	0.6357	0.6357	0	0	0
	39	 	 	 	 	 	0.6466	0.6466	0	0	0
	40	 	 	 	 	 	0.6000	0.6000	0	0	0
	41	 	 	 	 	 	0.7200	0.7200	0	0	0
	42	 	 	 	 	 	0.4109	0.4109	0	0	0
	43	 	 	 	 	 	0.7499	0.7499	0	0	0
	44	 	 	 	 	 	0.8000	0.8000	0	0	0
	45	 	 	 	 	 	0.5628	0.5628	0	0	0
	46	 	 	 	 	 	0.7325	0.4825	0	0	0
	47	 	 	 	 	 	0.7089	0.7089	0	0	0
	48	 	 	 	 	 	0.7015	0.7015	0	0	0
	49	 	 	 	 	 	0.7866	0.6438	0	0	0
	50	 	 	 	 	 	0.7000	0.7000	0	0	0
	51	 	 	 	 	 	0.5394	0.5394	0	0	0
	52	 	 	 	 	 	0.8000	0.8000	0	0	0
	53	 	 	 	 	 	0.7000	0.7000	0	0	0
	54	 	 	 	 	 	0.5750	0.5750	0	0	0
	55	 	 	 	 	 	0.7478	0.7478	0	0	0
	56	 	 	 	 	 	0.6458	0.6458	0	0	0
	57	 	 	 	 	 	0.2500	0.2500	0	0	0
	58	 	 	 	 	 	0.3863	0.3863	0	0	0
	59	 	 	 	 	 	0.7500	0.7500	0	0	0
	60	 	 	 	 	 	0.7290	0.7290	0	0	0
	61	 	 	 	 	 	0.6400	0.6400	0	0	0
	62	 	 	 	 	 	0.5703	0.5703	0	0	0
	63	 	 	 	 	 	0.6500	0.6500	0	0	0
	64	 	 	 	 	 	0.8000	0.8000	0	0	0
	65	 	 	 	 	 	0.7497	0.7497	0	0	0
	66	 	 	 	 	 	0.7394	0.7394	0	0	0
	67	 	 	 	 	 	0.8000	0.8000	0	0	0
	68	 	 	 	 	 	0.8000	0.8000	0	0	0
	69	 	 	 	 	 	0.6500	0.6500	0	0	0
	70	 	 	 	 	 	0.7000	0.7000	0	0	0
	71	 	 	 	 	 	0.5500	0.5500	0	0	0
	72	 	 	 	 	 	0.6703	0.6703	0	0	0
	73	 	 	 	 	 	0.8000	0.8000	0	0	0
	74	 	 	 	 	 	0.7912	0.7912	0	0	0
	75	 	 	 	 	 	0.5274	0.5274	0	0	0
	76	 	 	 	 	 	0.5500	0.5000	0	0	0
	77	 	 	 	 	 	0.5090	0.5090	0	0	0
	78	 	 	 	 	 	0.7500	0.7500	0	0	0
	79	 	 	 	 	 	0.8000	0.8000	0	0	0
	80	 	 	 	 	 	0.6735	0.6735	0	0	0
	81	 	 	 	 	 	0.6898	0.6898	0	0	0
	82	 	 	 	 	 	0.6624	0.6624	0	0	0
	83	 	 	 	 	 	0.8000	0.8000	0	0	0
	84	 	 	 	 	 	0.8000	0.8000	0	0	0
	85	 	 	 	 	 	0.7500	0.7500	0	0	0
	86	 	 	 	 	 	0.5372	0.5372	0	0	0
	87	 	 	 	 	 	0.7132	0.7132	0	0	0
	88	 	 	 	 	 	0.7499	0.7499	0	0	0
	89	 	 	 	 	 	0.7500	0.7500	0	0	0
	90	 	 	 	 	 	0.8000	0.8000	0	0	0
	91	 	 	 	 	 	0.4835	0.4835	0	0	0
	92	 	 	 	 	 	0.6019	0.6019	0	0	0
	93	 	 	 	 	 	0.5903	0.5903	0	0	0
	94	 	 	 	 	 	0.8000	0.8000	0	0	0
	95	 	 	 	 	 	0.6937	0.6937	0	0	0
	96	 	 	 	 	 	0.6521	0.6521	0	0	0
	97	 	 	 	 	 	0.4791	0.4791	0	0	0
	98	 	 	 	 	 	0.7493	0.7493	0	0	0
	99	 	 	 	 	 	0.7488	0.7488	0	0	0
	100	 	 	 	 	 	0.7237	0.7237	0	0	0
	101	 	 	 	 	 	0.7183	0.7183	0	0	0
	102	 	 	 	 	 	0.8000	0.8000	0	0	0
	103	 	 	 	 	 	0.8000	0.8000	0	0	0
	104	 	 	 	 	 	0.8000	0.8000	0	0	0
	105	 	 	 	 	 	0.3775	0.3775	0	0	0
	106	 	 	 	 	 	0.8000	0.8000	0	0	0
	107	 	 	 	 	 	0.5600	0.5600	0	0	0
	108	 	 	 	 	 	0.8000	0.8000	0	0	0
	109	 	 	 	 	 	0.8000	0.8000	0	0	0
	110	 	 	 	 	 	0.5605	0.5605	0	0	0
	111	 	 	 	 	 	0.8000	0.8000	0	0	0
	112	 	 	 	 	 	0.5929	0.5929	0	0	0
	113	 	 	 	 	 	0.7529	0.7529	0	0	0
	114	 	 	 	 	 	0.7500	0.7500	0	0	0
	115	 	 	 	 	 	0.6412	0.6412	0	0	0
	116	 	 	 	 	 	0.5423	0.5423	0	0	0
	117	 	 	 	 	 	0.6331	0.6331	0	0	0
	118	 	 	 	 	 	0.6380	0.6380	0	0	0
	119	 	 	 	 	 	0.8000	0.8000	0	0	0
	120	 	 	 	 	 	0.8000	0.8000	0	0	0
	121	 	 	 	 	 	0.3125	0.3125	0	0	0
	122	 	 	 	 	 	0.7948	0.7948	0	0	0
	123	 	 	 	 	 	0.8000	0.8000	0	0	0
	124	 	 	 	 	 	0.8000	0.8000	0	0	0
	125	 	 	 	 	 	0.7500	0.7500	0	0	0
	126	 	 	 	 	 	0.7000	0.7000	0	0	0
	127	 	 	 	 	 	0.8000	0.8000	0	0	0
	128	 	 	 	 	 	0.7000	0.7000	0	0	0
	129	 	 	 	 	 	0.6363	0.6363	0	0	0
	130	 	 	 	 	 	0.6705	0.6705	0	0	0
	131	 	 	 	 	 	0.7500	0.7500	0	0	0
	132	 	 	 	 	 	0.7480	0.7480	0	0	0
	133	 	 	 	 	 	0.7417	0.7417	0	0	0
	134	 	 	 	 	 	0.6458	0.6458	0	0	0
	135	 	 	 	 	 	0.8000	0.8000	0	0	0
	136	 	 	 	 	 	0.8000	0.8000	0	0	0
	137	 	 	 	 	 	0.7500	0.7500	0	0	0
	138	 	 	 	 	 	0.8000	0.8000	0	0	0
	139	 	 	 	 	 	0.7000	0.7000	0	0	0
	140	 	 	 	 	 	0.5800	0.5800	0	0	0
	141	 	 	 	 	 	0.6000	0.6000	0	0	0
	142	 	 	 	 	 	0.7500	0.7500	0	0	0
	143	 	 	 	 	 	0.7834	0.7834	0	0	0
	144	 	 	 	 	 	0.6855	0.6855	0	0	0
	145	 	 	 	 	 	0.5012	0.5012	0	0	0
	146	 	 	 	 	 	0.8000	0.8000	0	0	0
	147	 	 	 	 	 	0.6483	0.6483	0	0	0
	148	 	 	 	 	 	0.6451	0.6451	0	0	0
	149	 	 	 	 	 	0.7893	0.7893	0	0	0
	150	 	 	 	 	 	0.7500	0.7500	0	0	0
	151	 	 	 	 	 	0.5333	0.5333	0	0	0
	152	 	 	 	 	 	0.7458	0.7458	0	0	0
	153	 	 	 	 	 	0.8000	0.8000	0	0	0
	154	 	 	 	 	 	0.7664	0.7664	0	0	0
	155	 	 	 	 	 	0.6857	0.6857	0	0	0
	156	 	 	 	 	 	0.8000	0.8000	0	0	0
	157	 	 	 	 	 	0.8000	0.8000	0	0	0
	158	 	 	 	 	 	0.8000	0.8000	0	0	0
	159	 	 	 	 	 	0.7434	0.7434	0	0	0
	160	 	 	 	 	 	0.7000	0.7000	0	0	0
	161	 	 	 	 	 	0.7999	0.7999	0	0	0
	162	 	 	 	 	 	0.7000	0.7000	0	0	0
	163	 	 	 	 	 	0.8000	0.7236	0	0	0
	164	 	 	 	 	 	0.6697	0.6697	0	0	0
	165	 	 	 	 	 	0.7500	0.7500	0	0	0
	166	 	 	 	 	 	0.7801	0.7801	0	0	0
	167	 	 	 	 	 	0.8000	0.8000	0	0	0
	168	 	 	 	 	 	0.7499	0.7499	0	0	0
	169	 	 	 	 	 	0.7500	0.7500	0	0	0
	170	 	 	 	 	 	0.8000	0.8000	0	0	0
	171	 	 	 	 	 	0.6426	0.6426	0	0	0
	172	 	 	 	 	 	0.5952	0.5952	0	0	0
	173	 	 	 	 	 	0.3043	0.3043	0	0	0
	174	 	 	 	 	 	0.8000	0.8000	0	0	0
	175	 	 	 	 	 	0.7500	0.7500	0	0	0
	176	 	 	 	 	 	0.8000	0.8000	0	0	0
	177	 	 	 	 	 	0.7393	0.7393	0	0	0
	178	 	 	 	 	 	0.7500	0.7500	0	0	0
	179	 	 	 	 	 	0.8000	0.8000	0	0	0
	180	 	 	 	 	 	0.7000	0.7000	0	0	0
	181	 	 	 	 	 	0.7999	0.7999	0	0	0
	182	 	 	 	 	 	0.7500	0.7500	0	0	0
	183	 	 	 	 	 	0.6000	0.6000	0	0	0
	184	 	 	 	 	 	0.7999	0.7999	0	0	0
	185	 	 	 	 	 	0.7999	0.7999	0	0	0
	186	 	 	 	 	 	0.6493	0.6493	0	0	0
	187	 	 	 	 	 	0.6369	0.6369	0	0	0
	188	 	 	 	 	 	0.8000	0.8000	0	0	0
	189	 	 	 	 	 	0.6500	0.6500	0	0	0
	190	 	 	 	 	 	0.7631	0.7631	0	0	0
	191	 	 	 	 	 	0.7774	0.7774	0	0	0
	192	 	 	 	 	 	0.8000	0.8000	0	0	0
	193	 	 	 	 	 	0.3522	0.3522	0	0	0
	194	 	 	 	 	 	0.4705	0.4705	0	0	0
	195	 	 	 	 	 	0.4835	0.4835	0	0	0
	196	 	 	 	 	 	0.7937	0.7937	0	0	0
	197	 	 	 	 	 	0.5020	0.5020	0	0	0
	198	 	 	 	 	 	0.5870	0.5870	0	0	0
	199	 	 	 	 	 	0.7194	0.7194	0	0	0
	200	 	 	 	 	 	0.8000	0.8000	0	0	0
	201	 	 	 	 	 	0.6811	0.6811	0	0	0
	202	 	 	 	 	 	0.7692	0.7692	0	0	0
	203	 	 	 	 	 	0.7500	0.7500	0	0	0
	204	 	 	 	 	 	0.6500	0.6500	0	0	0
	205	 	 	 	 	 	0.5518	0.5518	0	0	0
	206	 	 	 	 	 	0.8000	0.8000	0	0	0
	207	 	 	 	 	 	0.8000	0.8000	0	0	0

 

 

	 	141	142	143	144	145	146	147	148	149	150
	KEY	MI: Lender or
 Borrower Paid?	Pool Insurance Co.
 Name	Pool Insurance Stop
 Loss %	MI Certificate
 Number	Updated DTI
 (Front-end)	Updated DTI
 (Back-end)	Modification
 Effective Payment
 Date	Total Capitalized
 Amount	Total Deferred
 Amount	Pre-Modification
 Interest (Note) Rate
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	76	 	 	 	 	 	 	 	 	 	 
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	99	 	 	 	 	 	 	 	 	 	 
	100	 	 	 	 	 	 	 	 	 	 
	101	 	 	 	 	 	 	 	 	 	 
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	116	 	 	 	 	 	 	 	 	 	 
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	118	 	 	 	 	 	 	 	 	 	 
	119	 	 	 	 	 	 	 	 	 	 
	120	 	 	 	 	 	 	 	 	 	 
	121	 	 	 	 	 	 	 	 	 	 
	122	 	 	 	 	 	 	 	 	 	 
	123	 	 	 	 	 	 	 	 	 	 
	124	 	 	 	 	 	 	 	 	 	 
	125	 	 	 	 	 	 	 	 	 	 
	126	 	 	 	 	 	 	 	 	 	 
	127	 	 	 	 	 	 	 	 	 	 
	128	 	 	 	 	 	 	 	 	 	 
	129	 	 	 	 	 	 	 	 	 	 
	130	 	 	 	 	 	 	 	 	 	 
	131	 	 	 	 	 	 	 	 	 	 
	132	 	 	 	 	 	 	 	 	 	 
	133	 	 	 	 	 	 	 	 	 	 
	134	 	 	 	 	 	 	 	 	 	 
	135	 	 	 	 	 	 	 	 	 	 
	136	 	 	 	 	 	 	 	 	 	 
	137	 	 	 	 	 	 	 	 	 	 
	138	 	 	 	 	 	 	 	 	 	 
	139	 	 	 	 	 	 	 	 	 	 
	140	 	 	 	 	 	 	 	 	 	 
	141	 	 	 	 	 	 	 	 	 	 
	142	 	 	 	 	 	 	 	 	 	 
	143	 	 	 	 	 	 	 	 	 	 
	144	 	 	 	 	 	 	 	 	 	 
	145	 	 	 	 	 	 	 	 	 	 
	146	 	 	 	 	 	 	 	 	 	 
	147	 	 	 	 	 	 	 	 	 	 
	148	 	 	 	 	 	 	 	 	 	 
	149	 	 	 	 	 	 	 	 	 	 
	150	 	 	 	 	 	 	 	 	 	 
	151	 	 	 	 	 	 	 	 	 	 
	152	 	 	 	 	 	 	 	 	 	 
	153	 	 	 	 	 	 	 	 	 	 
	154	 	 	 	 	 	 	 	 	 	 
	155	 	 	 	 	 	 	 	 	 	 
	156	 	 	 	 	 	 	 	 	 	 
	157	 	 	 	 	 	 	 	 	 	 
	158	 	 	 	 	 	 	 	 	 	 
	159	 	 	 	 	 	 	 	 	 	 
	160	 	 	 	 	 	 	 	 	 	 
	161	 	 	 	 	 	 	 	 	 	 
	162	 	 	 	 	 	 	 	 	 	 
	163	 	 	 	 	 	 	 	 	 	 
	164	 	 	 	 	 	 	 	 	 	 
	165	 	 	 	 	 	 	 	 	 	 
	166	 	 	 	 	 	 	 	 	 	 
	167	 	 	 	 	 	 	 	 	 	 
	168	 	 	 	 	 	 	 	 	 	 
	169	 	 	 	 	 	 	 	 	 	 
	170	 	 	 	 	 	 	 	 	 	 
	171	 	 	 	 	 	 	 	 	 	 
	172	 	 	 	 	 	 	 	 	 	 
	173	 	 	 	 	 	 	 	 	 	 
	174	 	 	 	 	 	 	 	 	 	 
	175	 	 	 	 	 	 	 	 	 	 
	176	 	 	 	 	 	 	 	 	 	 
	177	 	 	 	 	 	 	 	 	 	 
	178	 	 	 	 	 	 	 	 	 	 
	179	 	 	 	 	 	 	 	 	 	 
	180	 	 	 	 	 	 	 	 	 	 
	181	 	 	 	 	 	 	 	 	 	 
	182	 	 	 	 	 	 	 	 	 	 
	183	 	 	 	 	 	 	 	 	 	 
	184	 	 	 	 	 	 	 	 	 	 
	185	 	 	 	 	 	 	 	 	 	 
	186	 	 	 	 	 	 	 	 	 	 
	187	 	 	 	 	 	 	 	 	 	 
	188	 	 	 	 	 	 	 	 	 	 
	189	 	 	 	 	 	 	 	 	 	 
	190	 	 	 	 	 	 	 	 	 	 
	191	 	 	 	 	 	 	 	 	 	 
	192	 	 	 	 	 	 	 	 	 	 
	193	 	 	 	 	 	 	 	 	 	 
	194	 	 	 	 	 	 	 	 	 	 
	195	 	 	 	 	 	 	 	 	 	 
	196	 	 	 	 	 	 	 	 	 	 
	197	 	 	 	 	 	 	 	 	 	 
	198	 	 	 	 	 	 	 	 	 	 
	199	 	 	 	 	 	 	 	 	 	 
	200	 	 	 	 	 	 	 	 	 	 
	201	 	 	 	 	 	 	 	 	 	 
	202	 	 	 	 	 	 	 	 	 	 
	203	 	 	 	 	 	 	 	 	 	 
	204	 	 	 	 	 	 	 	 	 	 
	205	 	 	 	 	 	 	 	 	 	 
	206	 	 	 	 	 	 	 	 	 	 
	207	 	 	 	 	 	 	 	 	 	 

 

 

	 	151	152	153	154	155	156	157	158	159	160
	KEY	Pre-Modification P&I
 Payment	Pre-Modification
 Initial Interest Rate
 Change Downward
 Cap	Pre-Modification
 Subsequent Interest
 Rate Cap	Pre-Modification
 Next Interest Rate
 Change Date	Pre-Modification I/O
 Term	Forgiven Principal
 Amount	Forgiven Interest
 Amount	Number of
 Modifications	Cash To/From Brrw at Closing	Brrw - Yrs at in Industry
	1	 	 	 	 	 	 	 	 	 	11
	2	 	 	 	 	 	 	 	 	 	21
	3	 	 	 	 	 	 	 	 	 	6.7
	4	 	 	 	 	 	 	 	 	 	13
	5	 	 	 	 	 	 	 	 	 	25
	6	 	 	 	 	 	 	 	 	 	9.5
	7	 	 	 	 	 	 	 	 	 	31
	8	 	 	 	 	 	 	 	 	 	6.5
	9	 	 	 	 	 	 	 	 	 	4.83
	10	 	 	 	 	 	 	 	 	 	10
	11	 	 	 	 	 	 	 	 	 	20
	12	 	 	 	 	 	 	 	 	 	14.7
	13	 	 	 	 	 	 	 	 	 	24
	14	 	 	 	 	 	 	 	 	 	6
	15	 	 	 	 	 	 	 	 	 	10
	16	 	 	 	 	 	 	 	 	 	15
	17	 	 	 	 	 	 	 	 	 	15
	18	 	 	 	 	 	 	 	 	 	8
	19	 	 	 	 	 	 	 	 	 	35
	20	 	 	 	 	 	 	 	 	 	18
	21	 	 	 	 	 	 	 	 	 	24
	22	 	 	 	 	 	 	 	 	 	15
	23	 	 	 	 	 	 	 	 	 	15
	24	 	 	 	 	 	 	 	 	 	21
	25	 	 	 	 	 	 	 	 	 	10
	26	 	 	 	 	 	 	 	 	 	13
	27	 	 	 	 	 	 	 	 	 	6
	28	 	 	 	 	 	 	 	 	 	35
	29	 	 	 	 	 	 	 	 	 	12
	30	 	 	 	 	 	 	 	 	 	10
	31	 	 	 	 	 	 	 	 	 	25
	32	 	 	 	 	 	 	 	 	 	25
	33	 	 	 	 	 	 	 	 	 	20
	34	 	 	 	 	 	 	 	 	 	10
	35	 	 	 	 	 	 	 	 	 	27
	36	 	 	 	 	 	 	 	 	 	28
	37	 	 	 	 	 	 	 	 	 	18
	38	 	 	 	 	 	 	 	 	 	23
	39	 	 	 	 	 	 	 	 	 	10
	40	 	 	 	 	 	 	 	 	 	30
	41	 	 	 	 	 	 	 	 	 	17
	42	 	 	 	 	 	 	 	 	 	30
	43	 	 	 	 	 	 	 	 	 	10
	44	 	 	 	 	 	 	 	 	 	15
	45	 	 	 	 	 	 	 	 	 	2
	46	 	 	 	 	 	 	 	 	 	17
	47	 	 	 	 	 	 	 	 	 	22
	48	 	 	 	 	 	 	 	 	 	25
	49	 	 	 	 	 	 	 	 	 	36
	50	 	 	 	 	 	 	 	 	 	10
	51	 	 	 	 	 	 	 	 	 	20
	52	 	 	 	 	 	 	 	 	 	10
	53	 	 	 	 	 	 	 	 	 	24
	54	 	 	 	 	 	 	 	 	 	10
	55	 	 	 	 	 	 	 	 	 	0
	56	 	 	 	 	 	 	 	 	 	40
	57	 	 	 	 	 	 	 	 	 	6
	58	 	 	 	 	 	 	 	 	 	30
	59	 	 	 	 	 	 	 	 	 	15
	60	 	 	 	 	 	 	 	 	 	20
	61	 	 	 	 	 	 	 	 	 	23
	62	 	 	 	 	 	 	 	 	 	17
	63	 	 	 	 	 	 	 	 	 	35
	64	 	 	 	 	 	 	 	 	 	23
	65	 	 	 	 	 	 	 	 	 	13
	66	 	 	 	 	 	 	 	 	 	3
	67	 	 	 	 	 	 	 	 	 	12
	68	 	 	 	 	 	 	 	 	 	32
	69	 	 	 	 	 	 	 	 	 	25
	70	 	 	 	 	 	 	 	 	 	18
	71	 	 	 	 	 	 	 	 	 	22
	72	 	 	 	 	 	 	 	 	 	16
	73	 	 	 	 	 	 	 	 	 	12
	74	 	 	 	 	 	 	 	 	 	14
	75	 	 	 	 	 	 	 	 	 	30
	76	 	 	 	 	 	 	 	 	 	15
	77	 	 	 	 	 	 	 	 	 	9
	78	 	 	 	 	 	 	 	 	 	16
	79	 	 	 	 	 	 	 	 	 	6
	80	 	 	 	 	 	 	 	 	 	15
	81	 	 	 	 	 	 	 	 	 	18
	82	 	 	 	 	 	 	 	 	 	23
	83	 	 	 	 	 	 	 	 	 	16
	84	 	 	 	 	 	 	 	 	 	7
	85	 	 	 	 	 	 	 	 	 	10
	86	 	 	 	 	 	 	 	 	 	40
	87	 	 	 	 	 	 	 	 	 	0
	88	 	 	 	 	 	 	 	 	 	14
	89	 	 	 	 	 	 	 	 	 	6
	90	 	 	 	 	 	 	 	 	 	11
	91	 	 	 	 	 	 	 	 	 	25
	92	 	 	 	 	 	 	 	 	 	16
	93	 	 	 	 	 	 	 	 	 	26
	94	 	 	 	 	 	 	 	 	 	29
	95	 	 	 	 	 	 	 	 	 	26
	96	 	 	 	 	 	 	 	 	 	30
	97	 	 	 	 	 	 	 	 	 	0
	98	 	 	 	 	 	 	 	 	 	12
	99	 	 	 	 	 	 	 	 	 	32
	100	 	 	 	 	 	 	 	 	 	30
	101	 	 	 	 	 	 	 	 	 	19
	102	 	 	 	 	 	 	 	 	 	15
	103	 	 	 	 	 	 	 	 	 	23
	104	 	 	 	 	 	 	 	 	 	60
	105	 	 	 	 	 	 	 	 	 	25
	106	 	 	 	 	 	 	 	 	 	27
	107	 	 	 	 	 	 	 	 	 	17
	108	 	 	 	 	 	 	 	 	 	15
	109	 	 	 	 	 	 	 	 	 	7
	110	 	 	 	 	 	 	 	 	 	32
	111	 	 	 	 	 	 	 	 	 	7
	112	 	 	 	 	 	 	 	 	 	20
	113	 	 	 	 	 	 	 	 	 	17
	114	 	 	 	 	 	 	 	 	 	3
	115	 	 	 	 	 	 	 	 	 	25
	116	 	 	 	 	 	 	 	 	 	7
	117	 	 	 	 	 	 	 	 	 	3
	118	 	 	 	 	 	 	 	 	 	12
	119	 	 	 	 	 	 	 	 	 	7
	120	 	 	 	 	 	 	 	 	 	16
	121	 	 	 	 	 	 	 	 	 	5
	122	 	 	 	 	 	 	 	 	 	25
	123	 	 	 	 	 	 	 	 	 	8
	124	 	 	 	 	 	 	 	 	 	25
	125	 	 	 	 	 	 	 	 	 	8
	126	 	 	 	 	 	 	 	 	 	21
	127	 	 	 	 	 	 	 	 	 	10
	128	 	 	 	 	 	 	 	 	 	0
	129	 	 	 	 	 	 	 	 	 	25
	130	 	 	 	 	 	 	 	 	 	39
	131	 	 	 	 	 	 	 	 	 	12
	132	 	 	 	 	 	 	 	 	 	15
	133	 	 	 	 	 	 	 	 	 	14
	134	 	 	 	 	 	 	 	 	 	10
	135	 	 	 	 	 	 	 	 	 	15
	136	 	 	 	 	 	 	 	 	 	20
	137	 	 	 	 	 	 	 	 	 	25
	138	 	 	 	 	 	 	 	 	 	15
	139	 	 	 	 	 	 	 	 	 	18
	140	 	 	 	 	 	 	 	 	 	13
	141	 	 	 	 	 	 	 	 	 	17
	142	 	 	 	 	 	 	 	 	 	35
	143	 	 	 	 	 	 	 	 	 	30
	144	 	 	 	 	 	 	 	 	 	45
	145	 	 	 	 	 	 	 	 	 	22
	146	 	 	 	 	 	 	 	 	 	15
	147	 	 	 	 	 	 	 	 	 	20
	148	 	 	 	 	 	 	 	 	 	20
	149	 	 	 	 	 	 	 	 	 	2
	150	 	 	 	 	 	 	 	 	 	10
	151	 	 	 	 	 	 	 	 	 	15
	152	 	 	 	 	 	 	 	 	 	12
	153	 	 	 	 	 	 	 	 	 	14
	154	 	 	 	 	 	 	 	 	 	25
	155	 	 	 	 	 	 	 	 	 	14
	156	 	 	 	 	 	 	 	 	-13967.78	12
	157	 	 	 	 	 	 	 	 	-168098.98	8
	158	 	 	 	 	 	 	 	 	-71816.15	22
	159	 	 	 	 	 	 	 	 	-15721.86	19
	160	 	 	 	 	 	 	 	 	-18933.86	10
	161	 	 	 	 	 	 	 	 	-163667.17	9
	162	 	 	 	 	 	 	 	 	-157241.03	32
	163	 	 	 	 	 	 	 	 	-7410.8	10
	164	 	 	 	 	 	 	 	 	-2323.5	7
	165	 	 	 	 	 	 	 	 	0	3
	166	 	 	 	 	 	 	 	 	315.17	8
	167	 	 	 	 	 	 	 	 	0	11
	168	 	 	 	 	 	 	 	 	1607.06	5
	169	 	 	 	 	 	 	 	 	-317643.06	5
	170	 	 	 	 	 	 	 	 	-2440.07	8
	171	 	 	 	 	 	 	 	 	-21736.19	8
	172	 	 	 	 	 	 	 	 	-329833.88	11
	173	 	 	 	 	 	 	 	 	-45.91	29
	174	 	 	 	 	 	 	 	 	590.97	6
	175	 	 	 	 	 	 	 	 	2682.55	0
	176	 	 	 	 	 	 	 	 	-111343.85	22
	177	 	 	 	 	 	 	 	 	796.55	18
	178	 	 	 	 	 	 	 	 	475.02	10
	179	 	 	 	 	 	 	 	 	267.58	10
	180	 	 	 	 	 	 	 	 	0	15
	181	 	 	 	 	 	 	 	 	-17173.1	32
	182	 	 	 	 	 	 	 	 	-174917.47	0
	183	 	 	 	 	 	 	 	 	-36.01	19
	184	 	 	 	 	 	 	 	 	-117345.87	3
	185	 	 	 	 	 	 	 	 	-84058.15	6
	186	 	 	 	 	 	 	 	 	-510370.33	0
	187	 	 	 	 	 	 	 	 	0	12
	188	 	 	 	 	 	 	 	 	-75730.25	26
	189	 	 	 	 	 	 	 	 	-13058.5	7
	190	 	 	 	 	 	 	 	 	-447.67	4
	191	 	 	 	 	 	 	 	 	-229.95	11
	192	 	 	 	 	 	 	 	 	-204413.4	16.5
	193	 	 	 	 	 	 	 	 	0	21
	194	 	 	 	 	 	 	 	 	-665523.42	31
	195	 	 	 	 	 	 	 	 	-86856.67	6
	196	 	 	 	 	 	 	 	 	583.34	10
	197	 	 	 	 	 	 	 	 	-468787.92	10
	198	 	 	 	 	 	 	 	 	-364959.82	17
	199	 	 	 	 	 	 	 	 	-19.38	20
	200	 	 	 	 	 	 	 	 	-233629.79	9
	201	 	 	 	 	 	 	 	 	11257.42	15
	202	 	 	 	 	 	 	 	 	-272196.28	26
	203	 	 	 	 	 	 	 	 	-163533.97	21
	204	 	 	 	 	 	 	 	 	1894.52	9
	205	 	 	 	 	 	 	 	 	-31.78	17
	206	 	 	 	 	 	 	 	 	-157553.71	12
	207	 	 	 	 	 	 	 	 	-133078.87	4

 

	 	161	162	163	164	165	166	167	168	169	170
	KEY	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
	1	 	0	20420401	18668.14	0.00	0.00	 	 	 	Full
	2	8	0	20420501	5484.27	0.00	0.00	5820.27	0.00	0.00	Full
	3	6.7	0	20420501	45275.00	0.00	0.00	3111.00	0.00	0.00	Full
	4	7.6	0	20420301	12949.82	0.00	0.00	12571.82	0.00	0.00	Full
	5	25	0	20420401	20432.00	0.00	0.00	11587.98	0.00	0.00	Full
	6	9.5	0	20420301	11226.98	0.00	0.00	10518.00	0.00	0.00	Full
	7	23	0	20420401	17125.00	0.00	0.00	25069.00	0.00	0.00	Full
	8	 	0	20420301	0.00	0.00	30249.00	 	 	 	Full
	9	4.5	0	20420501	11425.00	1675.00	0.00	8000.00	0.00	0.00	Full
	10	12	0	20420401	11625.00	0.00	0.00	7708.34	0.00	0.00	Full
	11	30	0	20420401	62.00	0.00	0.00	14295.00	0.00	0.00	Full
	12	12.7	0	20420501	6376.00	0.00	0.00	5563.00	0.00	0.00	Full
	13	 	0	20420401	17570.50	0.00	0.00	 	 	 	Full
	14	 	0	20420401	25564.00	0.00	0.00	 	 	 	Full
	15	10	0	20420501	10550.00	0.00	0.00	9550.00	0.00	0.00	Full
	16	14	0	20420401	13266.67	0.00	0.00	15833.34	0.00	0.00	Full
	17	 	0	20420301	15312.48	0.00	0.00	0.00	0.00	0.00	Full
	18	 	0	20420301	47942.00	0.00	0.00	0.00	0.00	0.00	Full
	19	20	0	20420401	8803.00	0.00	0.00	3125.00	0.00	0.00	Full
	20	 	0	20420401	92526.00	0.00	0.00	0.00	0.00	0.00	Full
	21	 	0	20420301	0.00	0.00	0.00	 	 	 	Full
	22	 	0	20420501	41261.00	0.00	0.00	0.00	0.00	0.00	Full
	23	8	235000	20420501	87598.00	0.00	0.00	9333.00	0.00	0.00	Full
	24	 	0	20420401	20833.74	0.00	0.00	 	 	 	Full
	25	 	0	20420501	0.00	0.00	0.00	0.00	0.00	0.00	Full
	26	 	0	20420501	41600.00	0.00	0.00	 	 	 	Full
	27	 	0	20420501	19533.00	0.00	0.00	 	 	 	Full
	28	 	0	20420401	11823.71	3588.65	0.00	950.00	0.00	0.00	Full
	29	 	0	20420401	16250.00	0.00	0.00	 	 	 	Full
	30	 	0	20420301	22191.21	0.00	0.00	0.00	0.00	0.00	Full
	31	 	0	20420501	47409.87	0.00	0.00	0.00	0.00	0.00	Full
	32	 	0	20420501	19828.75	4695.00	0.00	0.00	0.00	0.00	Full
	33	 	0	20420401	30694.00	0.00	0.00	0.00	0.00	0.00	Full
	34	11	0	20420401	7282.00	0.00	0.00	8164.00	0.00	0.00	Full
	35	8	0	20420501	17155.66	0.00	0.00	4760.17	0.00	0.00	Full
	36	23	0	20420501	14915.58	0.00	0.00	10824.32	0.00	0.00	Full
	37	 	0	20420501	12154.65	5880.41	0.00	 	 	 	Full
	38	 	0	20420501	31637.54	0.00	0.00	 	 	 	Full
	39	 	0	20420301	17964.67	0.00	0.00	2381.08	0.00	0.00	Full
	40	 	0	20420301	25190.55	0.00	0.00	 	 	 	Full
	41	 	0	20420301	27246.93	0.00	0.00	 	 	 	Full
	42	30	0	20420501	41835.00	0.00	0.00	5000.00	0.00	0.00	Full
	43	10	0	20420101	51139.00	0.00	0.00	0.00	0.00	0.00	Full
	44	 	0	20420201	14491.64	0.00	0.00	 	 	 	Full
	45	4	0	20420301	23050.00	0.00	0.00	0.00	0.00	0.00	Full
	46	 	450000	20420301	28138.00	0.00	0.00	0.00	0.00	0.00	Full
	47	 	0	20420301	70948.00	0.00	0.00	 	 	 	Full
	48	20	0	20420501	10333.33	0.00	0.00	9776.40	0.00	0.00	Full
	49	 	20838	20420401	23049.67	0.00	0.00	0.00	0.00	0.00	Full
	50	10	0	20420301	18950.08	0.00	0.00	16125.66	0.00	0.00	Full
	51	 	0	20420301	168814.00	0.00	0.00	 	 	 	Full
	52	 	0	20420401	20833.33	8439.73	0.00	 	 	 	Full
	53	24	0	20420301	33919.00	0.00	0.00	17042.67	0.00	0.00	Full
	54	4	0	20420501	12490.00	0.00	0.00	3284.06	0.00	0.00	Full
	55	 	0	20420301	11682.00	0.00	0.00	821.70	0.00	0.00	Full
	56	35	0	20420601	10846.74	0.00	0.00	11267.83	0.00	0.00	Full
	57	 	0	20420501	18476.72	0.00	0.00	0.00	0.00	0.00	Full
	58	 	0	20420501	140439.54	0.00	0.00	0.00	0.00	0.00	Full
	59	 	0	20420501	22500.00	0.00	0.00	 	 	 	Full
	60	 	0	20420601	17954.16	0.00	0.00	0.00	0.00	0.00	Full
	61	23	0	20420401	14459.92	0.00	0.00	13359.92	0.00	0.00	Full
	62	 	0	20420501	21747.00	0.00	0.00	0.00	0.00	0.00	Full
	63	6	0	20420501	17580.00	0.00	0.00	0.00	0.00	0.00	Full
	64	 	0	20420501	8897.00	0.00	0.00	 	 	 	Full
	65	 	0	20420401	21433.33	0.00	0.00	0.00	0.00	0.00	Full
	66	 	0	20420501	5833.33	9072.22	0.00	0.00	0.00	0.00	Full
	67	 	0	20420601	1972.00	0.00	15645.65	0.00	0.00	0.00	Full
	68	25	0	20420501	8176.79	0.00	0.00	8176.79	0.00	0.00	Full
	69	26	0	20420401	57290.00	0.00	0.00	9959.32	0.00	0.00	Full
	70	 	0	20420501	26541.67	11081.25	0.00	12864.82	0.00	0.00	Full
	71	 	0	20420401	278945.00	0.00	0.00	 	 	 	Full
	72	10	0	20420401	12377.75	0.00	0.00	6666.66	0.00	0.00	Full
	73	12	0	20420401	14570.50	0.00	0.00	9383.08	0.00	0.00	Full
	74	12	0	20420501	17737.00	0.00	0.00	9345.59	0.00	0.00	Full
	75	30	0	20420301	23370.00	0.00	0.00	19863.00	0.00	0.00	Full
	76	 	100000	20420301	19333.00	0.00	0.00	0.00	0.00	0.00	Full
	77	 	0	20420401	28176.16	0.00	0.00	0.00	0.00	0.00	Full
	78	 	0	20420501	14583.33	0.00	0.00	 	 	 	Full
	79	10	0	20420501	6958.34	0.00	0.00	14833.33	0.00	0.00	Full
	80	6	0	20420401	12500.00	0.00	0.00	1472.00	0.00	0.00	Full
	81	18	0	20420501	24200.00	0.00	0.00	4498.42	0.00	0.00	Full
	82	 	0	20420501	247554.75	0.00	0.00	0.00	0.00	0.00	Full
	83	 	0	20420501	25000.00	0.00	0.00	0.00	0.00	0.00	Full
	84	10	0	20420401	10687.45	0.00	0.00	10387.45	0.00	0.00	Full
	85	 	0	20420401	16666.67	0.00	16085.00	 	 	 	Full
	86	 	0	20420401	22124.63	0.00	0.00	 	 	 	Full
	87	 	0	20420401	0.00	0.00	0.00	 	 	 	Full
	88	11	0	20420301	10625.33	1483.01	0.00	6588.40	0.00	0.00	Full
	89	 	0	20420301	99918.58	0.00	0.00	 	 	 	Full
	90	14	0	20420301	0.00	0.00	11700.97	9258.33	0.00	0.00	Full
	91	 	0	20420401	16439.50	0.00	0.00	 	 	 	Full
	92	 	0	20420401	14272.51	0.00	0.00	 	 	 	Full
	93	 	0	20420401	10187.70	0.00	0.00	 	 	 	Full
	94	 	0	20420501	8500.00	0.00	4266.23	 	 	 	Full
	95	 	0	20420401	39674.25	0.00	0.00	0.00	0.00	0.00	Full
	96	 	0	20420401	12916.67	28288.96	0.00	0.00	0.00	0.00	Full
	97	15	0	20420501	2437.48	0.00	0.00	6015.60	0.00	0.00	Full
	98	7	0	20420401	5822.00	0.00	0.00	7767.07	0.00	0.00	Full
	99	32	0	20420501	18644.83	0.00	0.00	11072.96	0.00	0.00	Full
	100	 	0	20420601	87487.08	0.00	0.00	0.00	0.00	0.00	Full
	101	 	0	20420501	18922.04	0.00	0.00	 	 	 	Full
	102	16	0	20420401	14809.58	0.00	0.00	7687.65	0.00	0.00	Full
	103	19	0	20420401	9432.16	3815.59	0.00	11741.42	0.00	0.00	Full
	104	 	0	20420501	30748.90	0.00	0.00	 	 	 	Full
	105	 	0	20420501	45100.00	0.00	0.00	0.00	0.00	0.00	Full
	106	 	0	20420501	24166.67	0.00	0.00	0.00	0.00	0.00	Full
	107	9	0	20420501	15000.00	0.00	0.00	8750.00	0.00	0.00	Full
	108	15	0	20420501	9642.50	3145.12	0.00	8224.67	0.00	0.00	Full
	109	 	0	20420501	12499.99	0.00	2500.00	 	 	 	Full
	110	 	0	20420601	15544.66	0.00	0.00	 	 	 	Full
	111	 	0	20420601	11250.07	0.00	0.00	 	 	 	Full
	112	5	0	20420601	0.00	0.00	0.00	12364.54	0.00	0.00	Full
	113	15	0	20420601	7510.53	0.00	0.00	15000.00	0.00	0.00	Full
	114	 	0	20420601	34377.00	0.00	0.00	 	 	 	Full
	115	25	0	20420401	9166.66	0.00	0.00	11388.14	0.00	0.00	Full
	116	 	0	20420501	7083.00	0.00	8242.92	0.00	0.00	0.00	Full
	117	5	0	20420501	6705.33	0.00	0.00	21184.80	0.00	0.00	Full
	118	 	0	20420401	22916.66	0.00	0.00	0.00	0.00	0.00	Full
	119	 	0	20420401	21916.66	0.00	0.00	0.00	0.00	0.00	Full
	120	16	0	20420501	17083.32	0.00	0.00	11465.16	0.00	0.00	Full
	121	 	0	20420601	2901.58	0.00	0.00	 	 	 	Full
	122	 	0	20420301	18939.00	0.00	0.00	0.00	0.00	0.00	Full
	123	5	0	20420401	8333.34	16481.00	0.00	7500.00	0.00	0.00	Full
	124	3	0	20420401	11640.00	0.00	0.00	9250.00	0.00	0.00	Full
	125	 	0	20420501	11551.00	0.00	0.00	0.00	0.00	0.00	Full
	126	 	0	20420501	78071.46	0.00	0.00	0.00	0.00	0.00	Full
	127	 	0	20420501	16456.51	0.00	0.00	 	 	 	Full
	128	 	0	20420301	0.00	0.00	0.00	 	 	 	Full
	129	 	0	20420401	20000.00	5926.86	0.00	0.00	0.00	0.00	Full
	130	 	0	20420501	16666.67	0.00	0.00	0.00	0.00	0.00	Full
	131	10	0	20420602	22419.26	0.00	0.00	4359.74	0.00	0.00	Full
	132	 	0	20420601	25000.00	0.00	0.00	0.00	0.00	0.00	Full
	133	13	0	20420401	53894.00	0.00	0.00	12638.88	0.00	0.00	Full
	134	5	0	20420401	8850.08	0.00	0.00	14999.98	0.00	0.00	Full
	135	 	0	20420301	15666.67	0.00	0.00	0.00	0.00	0.00	Full
	136	 	0	20420401	18333.33	0.00	0.00	0.00	0.00	0.00	Full
	137	25	0	20420201	23554.00	0.00	0.00	35685.00	0.00	0.00	Full
	138	 	0	20411201	17471.76	0.00	0.00	 	 	 	Full
	139	 	0	20420501	3390.33	0.00	0.00	 	 	 	Full
	140	 	0	20420301	34430.00	0.00	0.00	 	 	 	Full
	141	 	0	20420401	801359.00	0.00	0.00	 	 	 	Full
	142	 	0	20420301	30869.13	0.00	0.00	 	 	 	Full
	143	 	0	20420301	0.00	0.00	0.00	0.00	0.00	0.00	Full
	144	 	0	20420301	20648.62	0.00	0.00	0.00	0.00	0.00	Full
	145	 	0	20420501	25025.00	0.00	0.00	0.00	0.00	0.00	Full
	146	 	0	20411101	34932.00	0.00	0.00	 	 	 	Full
	147	 	0	20420401	10033.33	0.00	0.00	 	 	 	Full
	148	 	0	20420301	69904.25	0.00	0.00	0.00	0.00	0.00	Full
	149	 	0	20420301	17083.16	0.00	0.00	0.00	0.00	0.00	Full
	150	12	0	20420401	12500.00	0.00	0.00	5925.25	0.00	0.00	Full
	151	 	0	20420501	14102.40	0.00	0.00	0.00	0.00	0.00	Full
	152	 	0	20420401	35250.00	0.00	0.00	0.00	0.00	0.00	Full
	153	 	0	20420501	12916.67	0.00	0.00	0.00	0.00	0.00	Full
	154	 	0	20420201	12745.00	0.00	0.00	 	 	 	Full
	155	15	0	20420201	23750.00	0.00	0.00	6358.00	0.00	0.00	Full
	156	 	0	20420301	31303.77	0.00	0.00	 	 	 	Full
	157	0	0	20420201	15409.00	0.00	0.00	0.00	0.00	0.00	Full
	158	5	0	20420501	33821.00	0.00	0.00	0.00	0.00	0.00	Full
	159	 	0	20420401	56227.38	0.00	0.00	0.00	0.00	0.00	Full
	160	10	0	20420401	22838.22	0.00	0.00	5368.00	0.00	0.00	Full
	161	1	0	20420401	0.00	0.00	11620.00	5000.00	0.00	0.00	Full
	162	 	0	20420501	40275.00	0.00	0.00	 	 	 	Full
	163	 	56998	20420501	18166.67	4158.67	0.00	 	 	 	Full
	164	 	0	20420401	27016.71	0.00	0.00	0.00	0.00	0.00	Full
	165	17	0	20410801	5385.00	0.00	0.00	146034.00	0.00	0.00	Full
	166	 	0	20420401	22822.00	0.00	0.00	0.00	0.00	0.00	Full
	167	 	0	20420301	5182.00	0.00	33998.00	0.00	0.00	0.00	Full
	168	12	0	20420401	8375.00	0.00	0.00	10758.32	0.00	0.00	Full
	169	 	0	20420601	37683.00	0.00	0.00	0.00	0.00	0.00	Full
	170	6	0	20420401	12133.33	3604.33	0.00	9200.00	0.00	0.00	Full
	171	12	0	20420401	5416.66	0.00	0.00	8749.97	0.00	0.00	Full
	172	12	0	20420401	29076.08	0.00	0.00	5050.00	0.00	0.00	Full
	173	 	0	20420501	4409.99	11681.58	6540.00	0.00	0.00	0.00	Full
	174	 	0	20420501	15745.77	0.00	0.00	0.00	0.00	0.00	Full
	175	 	0	20420401	74980.00	0.00	0.00	0.00	0.00	0.00	Full
	176	 	0	20420501	7916.67	7201.44	0.00	 	 	 	Full
	177	10	0	20420501	19916.00	0.00	0.00	13136.00	0.00	0.00	Full
	178	10	0	20420401	20974.00	0.00	0.00	5458.00	0.00	0.00	Full
	179	10	0	20420501	24967.60	0.00	0.00	24967.60	0.00	0.00	Full
	180	 	0	20420401	17976.50	0.00	0.00	0.00	0.00	0.00	Full
	181	 	0	20420501	22102.25	0.00	0.00	 	 	 	Full
	182	36	0	20420201	1705.90	0.00	0.00	12514.00	0.00	0.00	Full
	183	 	0	20420401	23006.71	0.00	0.00	0.00	0.00	0.00	Full
	184	 	0	20420401	14501.67	5159.00	0.00	 	 	 	Full
	185	7	0	20420601	9833.34	140.75	0.00	1197.88	0.00	0.00	Full
	186	12	0	20420501	0.00	0.00	0.00	12500.00	8333.33	0.00	Full
	187	 	0	20420501	24915.50	0.00	0.00	0.00	0.00	0.00	Full
	188	46	0	20420201	8698.21	0.00	0.00	15714.16	0.00	0.00	Full
	189	 	0	20420401	16666.67	8333.33	0.00	0.00	0.00	0.00	Full
	190	 	0	20420401	12043.00	0.00	0.00	0.00	0.00	0.00	Full
	191	 	0	20420301	21327.00	0.00	0.00	0.00	0.00	0.00	Full
	192	16	0	20420401	0.00	0.00	0.00	27527.00	0.00	0.00	Full
	193	 	0	20420401	29625.50	0.00	0.00	 	 	 	Full
	194	 	0	20420301	22500.00	0.00	0.00	 	 	 	Full
	195	6	0	20420201	0.00	0.00	0.00	14998.53	0.00	0.00	Full
	196	10	0	20420401	11544.10	0.00	0.00	29211.67	0.00	0.00	Full
	197	5	0	20420501	43396.44	0.00	0.00	6106.53	0.00	0.00	Full
	198	17	0	20420401	79343.00	0.00	0.00	20616.66	0.00	0.00	Full
	199	 	0	20420501	8817.32	0.00	0.00	 	 	 	Full
	200	 	0	20420501	27916.67	0.00	0.00	0.00	0.00	0.00	Full
	201	20	0	20420501	16210.46	0.00	0.00	0.00	0.00	0.00	Full
	202	 	0	20420601	53526.00	0.00	0.00	0.00	0.00	0.00	Full
	203	 	0	20420601	28833.33	0.00	0.00	0.00	0.00	0.00	Full
	204	9	0	20420501	24530.00	0.00	0.00	24530.00	0.00	0.00	Full
	205	 	0	20420601	24166.00	0.00	0.00	0.00	0.00	0.00	Full
	206	 	0	20420601	9583.33	1404.44	0.00	 	 	 	Full
	207	1	0	20420601	9000.00	0.00	0.00	5271.49	0.00	0.00	Full

 

 

	 	171	172
	KEY	RWT Income Verification	RWT Asset Verification
	1	2 Years	2 Months
	2	2 Years	2 Months
	3	2 Years	2 Months
	4	2 Years	2 Months
	5	2 Years	2 Months
	6	2 Years	2 Months
	7	2 Years	2 Months
	8	2 Years	2 Months
	9	2 Years	2 Months
	10	2 Years	2 Months
	11	2 Years	2 Months
	12	2 Years	2 Months
	13	2 Years	2 Months
	14	2 Years	2 Months
	15	2 Years	2 Months
	16	2 Years	2 Months
	17	2 Years	2 Months
	18	2 Years	2 Months
	19	2 Years	2 Months
	20	2 Years	2 Months
	21	2 Years	2 Months
	22	2 Years	2 Months
	23	2 Years	2 Months
	24	2 Years	2 Months
	25	2 Years	2 Months
	26	2 Years	2 Months
	27	2 Years	2 Months
	28	2 Years	2 Months
	29	2 Years	2 Months
	30	2 Years	2 Months
	31	2 Years	2 Months
	32	2 Years	2 Months
	33	2 Years	2 Months
	34	2 Years	2 Months
	35	2 Years	2 Months
	36	2 Years	2 Months
	37	2 Years	2 Months
	38	2 Years	2 Months
	39	2 Years	2 Months
	40	2 Years	2 Months
	41	2 Years	2 Months
	42	2 Years	2 Months
	43	2 Years	2 Months
	44	2 Years	2 Months
	45	2 Years	2 Months
	46	2 Years	2 Months
	47	2 Years	2 Months
	48	2 Years	2 Months
	49	2 Years	2 Months
	50	2 Years	2 Months
	51	2 Years	2 Months
	52	2 Years	2 Months
	53	2 Years	2 Months
	54	2 Years	2 Months
	55	2 Years	2 Months
	56	2 Years	2 Months
	57	2 Years	2 Months
	58	2 Years	2 Months
	59	2 Years	2 Months
	60	2 Years	2 Months
	61	2 Years	2 Months
	62	2 Years	2 Months
	63	2 Years	2 Months
	64	2 Years	2 Months
	65	2 Years	2 Months
	66	2 Years	2 Months
	67	2 Years	2 Months
	68	2 Years	2 Months
	69	2 Years	2 Months
	70	2 Years	2 Months
	71	2 Years	2 Months
	72	2 Years	2 Months
	73	2 Years	2 Months
	74	2 Years	2 Months
	75	2 Years	2 Months
	76	2 Years	2 Months
	77	2 Years	2 Months
	78	2 Years	2 Months
	79	2 Years	2 Months
	80	2 Years	2 Months
	81	2 Years	2 Months
	82	2 Years	2 Months
	83	2 Years	2 Months
	84	2 Years	2 Months
	85	2 Years	2 Months
	86	2 Years	2 Months
	87	1 Year	2 Months
	88	2 Years	2 Months
	89	2 Years	1 Month
	90	2 Years	2 Months
	91	2 Years	2 Months
	92	2 Years	2 Months
	93	2 Years	2 Months
	94	2 Years	2 Months
	95	2 Years	2 Months
	96	2 Years	2 Months
	97	2 Years	2 Months
	98	2 Years	2 Months
	99	2 Years	2 Months
	100	2 Years	2 Months
	101	2 Years	2 Months
	102	2 Years	2 Months
	103	2 Years	2 Months
	104	2 Years	2 Months
	105	2 Years	2 Months
	106	2 Years	2 Months
	107	2 Years	2 Months
	108	2 Years	2 Months
	109	2 Years	2 Months
	110	2 Years	2 Months
	111	2 Years	2 Months
	112	2 Years	2 Months
	113	2 Years	2 Months
	114	2 Years	2 Months
	115	2 Years	2 Months
	116	2 Years	2 Months
	117	2 Years	2 Months
	118	2 Years	2 Months
	119	2 Years	2 Months
	120	2 Years	2 Months
	121	2 Years	2 Months
	122	2 Years	2 Months
	123	2 Years	2 Months
	124	2 Years	2 Months
	125	2 Years	2 Months
	126	2 Years	2 Months
	127	2 Years	2 Months
	128	2 Years	2 Months
	129	2 Years	2 Months
	130	2 Years	2 Months
	131	2 Years	2 Months
	132	2 Years	2 Months
	133	2 Years	2 Months
	134	2 Years	2 Months
	135	2 Years	2 Months
	136	2 Years	2 Months
	137	2 Years	2 Months
	138	2 Years	2 Months
	139	2 Years	2 Months
	140	2 Years	2 Months
	141	2 Years	2 Months
	142	2 Years	2 Months
	143	2 Years	2 Months
	144	2 Years	2 Months
	145	2 Years	2 Months
	146	2 Years	2 Months
	147	2 Years	2 Months
	148	2 Years	2 Months
	149	2 Years	2 Months
	150	2 Years	2 Months
	151	2 Years	2 Months
	152	2 Years	2 Months
	153	2 Years	2 Months
	154	2 Years	2 Months
	155	2 Years	2 Months
	156	2 Years	2 Months
	157	2 Years	2 Months
	158	2 Years	2 Months
	159	2 Years	2 Months
	160	2 Years	2 Months
	161	2 Years	2 Months
	162	2 Years	2 Months
	163	2 Years	2 Months
	164	2 Years	2 Months
	165	2 Years	1 Month
	166	2 Years	2 Months
	167	2 Years	2 Months
	168	2 Years	2 Months
	169	2 Years	2 Months
	170	2 Years	2 Months
	171	2 Years	2 Months
	172	2 Years	2 Months
	173	2 Years	2 Months
	174	2 Years	2 Months
	175	2 Years	2 Months
	176	2 Years	2 Months
	177	2 Years	2 Months
	178	2 Years	2 Months
	179	2 Years	2 Months
	180	2 Years	2 Months
	181	2 Years	2 Months
	182	2 Years	2 Months
	183	2 Years	2 Months
	184	2 Years	2 Months
	185	2 Years	2 Months
	186	2 Years	2 Months
	187	2 Years	2 Months
	188	2 Years	2 Months
	189	2 Years	2 Months
	190	2 Years	2 Months
	191	2 Years	2 Months
	192	2 Years	2 Months
	193	2 Years	2 Months
	194	2 Years	2 Months
	195	2 Years	2 Months
	196	2 Years	2 Months
	197	2 Years	2 Months
	198	2 Years	2 Months
	199	2 Years	2 Months
	200	2 Years	2 Months
	201	2 Years	2 Months
	202	2 Years	2 Months
	203	2 Years	2 Months
	204	2 Years	2 Months
	205	2 Years	2 Months
	206	2 Years	2 Months
	207	2 Years	2 Months

 

	ASF RMBS DISCLOSURE PACKAGE

The American Securitization Forum is a broad-based professional forum through which participants in the U.S. securitization market advocate their common interests on important legal, regulatory and market practice issues. ASF members include over 380 firms, including issuers, investors, servicers, financial intermediaries, rating agencies, financial guarantors, legal and accounting firms, and other professional organizations involved in securitization transactions. The ASF also provides information, education and training on a range of securitization market issues and topics through industry conferences, seminars and similar initiatives. For more information about ASF, its members and activities, please go to www.americansecuritization.com.	 
	Field
    Number	Field
    Name	Field
    Description	Type
    of Field	Data
    Type	Sample
    Data	Format	When
    Applicable?	Valid
    Values	Proposed
    Unique Coding	Notes	 
	1	Primary
    Servicer	The
    MERS Organization ID of the company that has or will have the right to service the loan.	General
    Information	Numeric
    – Integer	2351805	9(7)	Always	”9999999”
    if Unknown	 	 	 
	2	Servicing
    Fee—Percentage	Aggregate
    monthly fee paid to all servicers, stated in decimal form.	General
    Information	Numeric
    - Decimal	0.0025	9.999999	Loans
    without flat-dollar servicing fees	>=
    0 and < 1	 	Must
    be populated if Field 3 is Null	 
	3	Servicing
    Fee—Flat-dollar	Aggregate
    monthly fee paid to all servicers, stated as a dollar amount.	General
    Information	Numeric
    – Decimal	7.5	9(3).99	Loans
    with flat-dollar servicing fees	>=
                                                                                                                                                           0
                                                                                                                                                           and

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

        2 = Actual Interest, Actual
        Principal

        3 = Scheduled Interest,
        Actual Principal

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

        2 = Adjustable

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

        1 = Yes

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

        1 = Yes

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

        1 = Yes

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

        1 = Yes

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

        2 = Broker

        3 = Correspondent Bulk

        4 = Correspondent Flow
        with delegated underwriting

        5 = Correspondent Flow
        without delegated underwriting

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

        1 = Taxes

        2 = Insurance

        3 = HOA dues

        4 = Taxes and Insurance

        5 = All

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

        2 = ARM

        3 = Hybrid

        4 = Neg Am

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

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

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

        2 = Actuarial

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

        Unknown
        = Blank;

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

        Unknown
        = Blank;

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

        1 = Up

        2 = Down

        3 = Nearest

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

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

        1 = Yes

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

        2= Fully amortizing 15
        year

        3=Fully amortizing 40
        year

        4 = Interest-Only

        5 = Minimum Payment

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

        • Hybrid:
        The prepayment penalty can be characterized as hard for a certain amount of time and as soft during another period.

         

         
	Prepayment
    Penalties	Numeric
    – Integer	1	99	All
    loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”)	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Hard

        2 = Soft

        3 = Hybrid

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

        1 = Yes

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

        2 = Classic 08

        3 = Next Generation

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

        1 = 30-59 days delinquent

        2 = 60-89 days delinquent

        3 = 90-119 days delinquent

        4 = 120+ days delinquent

        5 = Foreclosure

        6 = REO

        7 = Loan did not exist
        in period

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

        1 = Yes

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

         
	 	 
	Level
    4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if
    salaried)	 
	Level
    5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**)	 
	*For
    self-employed borrowers: Level 4 Income Verification:

    • 2 Years Tax Returns

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

    

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

    • 2 Years tax returns

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

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

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

    • Tax returns prepared and executed by a CPA (regardless of 4506 and tax transcripts)	 
	108	Co-Borrower
    Income Verification	A
                                                                                                                                                           code
                                                                                                                                                           indicating
                                                                                                                                                           the
                                                                                                                                                           extent
                                                                                                                                                           to
                                                                                                                                                           which
                                                                                                                                                           the
                                                                                                                                                           co-borrower’s
                                                                                                                                                           income
                                                                                                                                                           has
                                                                                                                                                           been
                                                                                                                                                           verified:

         

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

         

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

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

        • 2 Years Tax Returns

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

        

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

        • 2 Years tax returns

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

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

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

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

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

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

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

         
	 

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

         

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

        2 = Stated, Not Verified

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

         

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

        2 = Stated, Not Verified

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

         

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

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

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

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

         

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

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

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

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

        2 = First Year Cap Rate

        3 = I/O Amount

        4 = Fully Indexed

        5 = Min Payment

        98 = Other

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

        2 = Lender- Paid

        99 = Unknown
	 	 
	141	Pool
    Insurance Co. Name	Name
    of pool insurance provider.	Mortgage
    Insurance	Numeric
    – Integer	8	99	Always	See
    Coding	See
    Appendix G	 	 
	142	Pool
    Insurance Stop Loss %	The
    aggregate amount that a pool insurer will pay, calculated as a percentage of the pool balance.	Mortgage
    Insurance	Numeric
    – Decimal	0.25	9.999999	Pool
    MI Company > 0	>=
    0 to <= 1	 	 	 
	143	MI
    Certificate Number	The
    unique number assigned to each individual loan insured under an MI policy.	Mortgage
    Insurance	Text	123456789G	X(20)	MI
    Company	UNK
    = Unknown	 	 	 
	>
    0	 
	144	Updated
    DTI	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	 	 	 
	(Front-end)	 
	145	Updated
    DTI	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	 	 	 
	(Back-end)	 
	146	Modification
    Effective Payment Date	Date
    of first payment due post modification.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Date	20090914	YYYYMMDD	Modified
    Loans Only	“19010101”
    if unknown	 	 	 
	147	Total
    Capitalized Amount	Amount
    added to the principal balance of a loan due to the modification.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0	 	 	 
	148	Total
    Deferred Amount	Any
    non-interest-bearing deferred amount (e.g., principal, interest and fees).	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0	 	 	 
	149	Pre-Modification
    Interest (Note) Rate	Scheduled
    Interest Rate Of The Loan Immediately Preceding The Modification Effective Payment Date.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.075	9.999999	Modified
    Loans Only	>=
    0 to <= 1	 	 	 
	150	Pre-Modification
    P&I Payment	Scheduled
    Total Principal And Interest Payment Amount Preceding The Modification Effective Payment Date – or if servicer is no
    longer advancing P&I, the payment that would be in effect if the loan were current.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	2310.57	9(10).99	Modified
    Loans Only	>
    0	 	 	 
	151	Pre-Modification
    Initial Interest Rate Change Downward Cap	Maximum
    amount the rate can adjust downward on the first interest rate adjustment date (prior to modification) – Only provide
    if the rate floor is modified.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.015	9.999999	Modified
    Loans Only	>=
    0 to <= 1	 	 	 
	152	Pre-Modification
    Subsequent Interest Rate Cap	Maximum
    increment the rate can adjust upward AFTER the initial rate adjustment (prior to modification) – Only provide if the
    Cap is modified.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.015	9.999999	Modified
    Loans Only	>=
    0 to <= 1	 	 	 
	153	Pre-Modification
    Next Interest Rate Change Date	Next
    Interest Reset Date Under The Original Terms Of The Loan (one month prior to new payment due date).	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Date	20090914	YYYYMMDD	Modified
    Loans Only	“19010101”
    if unknown	 	 	 
	154	Pre-Modification
    I/O Term	Interest
    Only Term (in months) preceding The Modification Effective Payment Date.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Integer	36	999	Modified
    Loans Only	>=
    0 to <= 120	 	 	 
	155	Forgiven
    Principal Amount	The
    sum total of all principal balance reductions (as a result of loan modification) over the life of the loan.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0	 	 	 
	156	Forgiven
    Interest Amount	The
    sum total of all interest incurred and forgiven (as a result of loan modification) over the life of the loan.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0	 	 	 
	157	Number
    of Modifications	The
    number of times the loan has been modified.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Integer	1	9	Modified
    Loans Only	>=
    0	 	 	 
	158	Cash
    To/From Brrw at Closing	Indicates
    the amount of cash the borrower(s) paid into or received at closing. 
 
 [HUD-1 Bottom Line] + [Earnest money] + [Paid
    Outside Closing Items]	 	Numeric
    – Decimal	100000.01	9(10).99	 	 	 	 	 
	159	Brrw
    - Yrs at in Industry	Number
    of years the primary borrower has been working in their current industry	 	Numeric
    – Decimal	9.9	9.999999	 	 	 	 	 
	160	CoBrrw
    - Yrs at in Industry	Number
    of years the co-borrower has been working in their current industry	 	Numeric
    – Decimal	8	9.999999	 	 	 	 	 
	161	Junior
    Mortgage Drawn Amount	Applicable
    if the subject loan is a first mortgage.   At the time of origination for the subject loan, the sum of the outstanding
    balance(s) for any junior mortgages (HELOCs and closed-end).	 	Numeric
    – Decimal	100000.01	9(10).99	 	 	 	 	 
	162	Maturity
    Date	Maturity
    date of mortgage	 	Date	20420501	YYYYMMDD	 	 	 	 	 
	163	Primary
    Borrower Wage Income (Salary)	The
    primary borrower's salary wage income	 	Numeric
    – Decimal	10000.44	9(10).99	 	 	 	 	 
	164	Primary
    Borrower Wage Income (Bonus)	The
    primary borrower's bonus wage income	 	Numeric
    – Decimal	10000.44	9(10).99	 	 	 	 	 
	165	Primary
    Borrower Wage Income (Commission)	The
    primary borrower's commission wage income	 	Numeric
    – Decimal	10000.44	9(10).99	 	 	 	 	 
	166	Co-Borrower
    Wage Income (Salary)	The
    coborrower's salary wage income	 	Numeric
    – Decimal	10000.44	9(10).99	 	 	 	 	 
	167	Co-Borrower
    Wage Income (Bonus)	The
    coborrower's bonus wage income	 	Numeric
    – Decimal	10000.44	9(10).99	 	 	 	 	 
	168	Co-Borrower
    Wage Income (Commission)	The
    coborrower's commission wage income	 	Numeric
    – Decimal	10000.44	9(10).99	 	 	 	 	 
	169	Originator
    Doc Code	Documentation
    Code value as presented by the seller.	 	Text	Full	XXXX	 	 	 	 	 
	170	RWT
    Income Verification	Internal
    Redwood Derived field.  Due Diligence / Trade Desk derived value indicating the level of primary borrower asset verification	 	Text	2
    Years	XXXX	 	 	 	 	 
	171	RWT
    Asset Verification	Internal
    Redwood Derived field.  Due Diligence / Trade Desk derived value indicating the level of primary borrower Income verification	 	Text	2
    Months	XXXX	 	 	 	 	 
	MH-1	Real
    Estate Interest	Indicates
    whether the property on which the manufactured home is situated is owned outright or subject to the terms of a short- or long-term
    lease. (A long-term lease is defined as a lease whose term is greater than or equal to the loan term.)	Manufactured
    Housing	Numeric
    – Integer	2	99	Manufactured
    Housing Loans Only	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Owned

        2 = Short-term lease

        3 = Long-term lease

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

        2 = Public Non-Institutional

        3 = Private Institutional

        4 = Private Non-Institutional

        5 = HOA-Owned

        6 = Non-Community

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

        1 = Yes

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

        2 = Proceeds from trade
        in

        3 = Land in Lieu

        4 = Other

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

        1 = Yes

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

        1 = Yes

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

        1 = Chattel

        99 = Unavailable
	 	 

 

 

 

  

    	I-1

    	 

    

  

APPENDIX A

 

MODIFICATIONS TO THE
FLOW SERVICING AGREEMENT

 

1.          The
definition of “Assumed Principal Balance” in Section 1 is revised to read in its entirety 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.”

 

2.          The
definition of “Business Day” in Section 1 is revised to read in its entirety as follows:

 

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

 

3.          The
definition of “Closing Date” in Section 1 is revised to read in its entirety as follows:

 

“Closing
Date: June 27, 2012, except with respect to Section 3 and the Servicer Acknowledgement(s).”

 

4.          The
definition of “Cut-off Date” in Section 1 is revised to read in its entirety as follows:

 

“Cut-off
Date: June 1, 2012, except with respect to the Servicer Acknowledgement(s).”

 

5.          The
definition of “First Remittance Date” in Section 1 is revised to read in its entirety as follows:

 

    	A-1

    	 

    

 

“
First Remittance Date: July 25, 2012.”

 

6.          A
new definition of “MERS Event” is hereby added to Section 1, to be inserted alphabetically and to read in its entirety
as follows:

 

“MERS Event:
The occurrence of any of the following events:

 

(i)          a
Monthly Payment on a MERS Mortgage Loan has not been received within 60 days of its Due Date;

 

(ii)         a
court of competent jurisdiction in a particular state rules that MERS is not an appropriate, permissible or authorized system
for transferring ownership of Mortgage Loans in that state; or

 

(iii)        (A)
a decree or order of a court or agency or supervisory authority having jurisdiction for the appointment of a conservator or receiver
or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the
winding-up or liquidation of its affairs, shall have been entered against MERS, and such decree or order shall have remained in
force undischarged or unstayed for a period of 60 days; or (B) MERS shall consent to the appointment of a conservator or receiver
or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities, voluntary liquidation or similar
proceedings of or relating to MERS or of or relating to all or substantially all of its property; or (C) MERS shall admit in writing
its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable insolvency or
reorganization statute, make an assignment for the benefit of its creditors or voluntarily suspend payment of its obligations.

 

With respect to the
event described in clause (ii), a MERS Event will be deemed to have occurred with respect to all Mortgage Loans in the related
state, and with respect to any of the events described in clause (iii), a MERS Event will be deemed to have occurred with respect
to all of the Mortgage Loans.”

 

7.          A
new definition of “Servicing Administrator” is hereby added to Section 1, to be inserted alphabetically and to read
in its entirety as follows:

 

“Servicing
Administrator: Redwood Residential Acquisition Corporation or its successor in interest.”

 

8.          Owner
Representation Correction

 

In
the first sentence of Subsection 7.02(a), the phrase “federal savings bank” is replaced by the phrase “Delaware
corporation” and the term “United States” is replaced by the term “Delaware”.

 

9.          Subsection
11.01(e), first sentence is revised to read in its entirety as follows:

 

    	A-2

    	 

    

 

“Consistent with
the terms of this Agreement, and subject to the REMIC Provisions if the Mortgage Loans have been transferred to a REMIC, the Servicer
may waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such term
or in any manner grant indulgence to any Mortgagor; provided, however, that the Servicer shall not enter into any payment
plan or agreement to modify payments with a Mortgagor lasting more than 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 (provided that the Servicer shall in no event extend the final maturity date past July 25,
2042 or, if such 25th day is not a Business Day, the next succeeding Business Day), or accept substitute or additional
collateral or release any collateral for such Mortgage Loan, unless (1) the Mortgagor is in default with respect to the Mortgage
Loan, or such default is, in the judgment of the Servicer, imminent, (2) the modification is in accordance with the customary
procedures of the Servicer, which may change from time to time, or industry-accepted programs, and (3) the Owner has approved
such action.”

 

10.         Subsection
11.03, third sentence is revised to read in its entirety as follows:

 

“Mortgage
Loan payments received by the Servicer will be deposited into a clearing account that is insured by the FDIC on the same day of
receipt, unless such payments are received after 4:00 p.m. New York time, in which case such payments will be deposited on the
following Business Day.”

 

11.         Subsection
11.04, first sentence of the first paragraph is revised to read in its entirety 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 Custodial Accounts (collectively, the “Custodial
Account”), titled “Christiana Trust, a division of Wilmington Savings Fund Society, FSB, in trust for the holders
of Sequoia Mortgage Trust 2012-3 Mortgage Pass-Through Certificates.”

 

12.         Subsection
11.04, subclause (f) of the second paragraph is revised to read in its entirety as follows:

 

“(f)       any
amount required to be deposited in the Custodial Account pursuant to Subsections 11.15, 11.17, 11.19 and 11.25.”

 

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

 

    	A-3

    	 

    

 

14.
        Paragraphs (b), (c), (d) and (f) of Subsection 11.05 are revised to read in their entirety as follows:

 

(b)          to
reimburse the Servicing Administrator for P&I Advances, the Servicing Administrator’s right to reimbursement 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 Servicing Administrator’s right
thereto shall be prior to the rights of the Owner with respect to such Mortgage Loan;

 

(c)          to
reimburse itself or the Servicing Administrator for any unpaid portion of any Servicing Fees and for unreimbursed Servicing Advances
made by the Servicer or the Servicing Administrator, the Servicer’s right to reimburse itself or the Servicing Administrator
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 rights of the Servicer and Servicing
Administrator thereto shall be prior to the rights of the Owner unless the Servicing Administrator is required to pay the Prepayment
Interest Shortfall pursuant to Subsection 11.15, in which case the Servicing Administrator’s right to such reimbursement
shall be subsequent to the payment to the Owner of such shortfall;

 

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

 

. . .

 

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

 

15.         Amendments
to Subsection 11.13

 

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

 

    	A-4

    	 

    

 

“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:

 

“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 expense of the Servicing Administrator) 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 the meaning of Section 860G(a)(8) of the Code, (ii) subject 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 of 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.”

 

16.         Servicer
Reports. The Servicer shall provide monthly reports to the Purchaser pursuant to Subsection 11.16 in the formats attached
hereto as Exhibits 4 and 5, or in such other format as the Servicer, the Purchaser and the Depositor shall agree in writing.

 

17.         Subsection
11.17 is revised to read in its entirety as follows:

 

    	A-5

    	 

    

 

“Subsection 11.17         Advances
by the Servicer or Servicing Administrator.

 

No later
than two Business Days immediately preceding each related Remittance Date, the Servicer shall either (a) deposit in the Custodial
Account from funds provided by the Servicing Administrator pursuant to Subsection 11.25 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,
(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, subject to
Subsection 11.25. Any amounts held for future distribution and so used shall be replaced by the Servicing Administrator 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 Servicing Administrator’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 Servicing Administrator, in its good faith
judgment, determines that such P&I Advances would not be recoverable pursuant to Subsection 11.05(b). The determination
by the Servicing Administrator that a P&I Advance, if made, would be nonrecoverable, shall be evidenced by an Officer’s
Certificate of the Servicing Administrator delivered to the Owner, which details the reasons for such determination. Neither the
Servicing Administrator nor the Servicer shall have any obligation to advance amounts in respect of shortfalls relating to the
Servicemembers Civil Relief Act and similar state and local laws.

 

18.         The
first sentence of Subsection 11.18 is revised to read in its entirety as follows:

 

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

 

    	A-6

    	 

    

 

19.         The
Flow Servicing Agreement is modified by adding a new Subsection 11.26 which reads in its entirety as follows:

 

“Subsection 11.26 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.”

 

20.         The
Flow Servicing Agreement is modified by adding a new subsection 11.27 which reads in its entirety as follows:

 

“Subsection 11.27 MERS
Event.

 

The Servicer
shall prepare and submit an assignment to remove from the MERS System each MERS Mortgage Loan that is subject to a MERS Event
within 15 Business Days of the occurrence of such MERS Event. The Servicer shall notify the Master Servicer and Trustee upon the
removal of a MERS Mortgage Loan from the MERS System.”

 

21.         The
first sentence of Subsection 12.01(b) is revised to read in its entirety as follows:

 

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

 

22.         Subsection
12.04 is revised to read in its entirety as follows:

 

“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.”

 

    	A-7

    	 

    

 

 

EXHIBIT 4

 

FORM OF MONTHLY LOSS REPORT

 

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

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

 

(a)          

 

(b)          The
numbers on the 332 form correspond with the numbers listed below.

 

Liquidation and Acquisition Expenses:

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

 

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

 

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

 

		4-12.	Complete as applicable. Required documentation:

 

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

 

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

 

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

 

		*	REO repairs > $1500 require explanation

 

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

 

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

 

		*	Unusual or extraordinary items may require further documentation.

 

		13.	The total of lines 1 through 12.

 

		(c)	Credits:

 

14-21.   Complete
as applicable. Required documentation:

 

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

 

    	 

    	 

    

 

Letter of
Proceeds Breakdown.

 

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

 

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

 

22.         The
total of lines 14 through 21.

 

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

 

Total Realized Loss (or
Amount of Any Gain)

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

 

    	 

    	 

    

 

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

 

	Prepared by: 	 	 	Date:	 	 
	Phone:	 	 	Email Address: 	 	 

 

	Servicer Loan No.	 	Servicer Name	 	Servicer Address 
	 	 	 	 	 
	 	 	 	 	 

 

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

 

Borrower's Name: _________________________________________________________

Property Address: _________________________________________________________

  

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

 

Was this loan granted a Bankruptcy deficiency
or cramdown                  Yes                  No                  

If “Yes”, provide deficiency
or cramdown amount _______________________________

 

	Liquidation and Acquisition Expenses:	 	 	 
	(1)	 	Actual Unpaid Principal Balance of Mortgage Loan	 	$ ______________	(1)
	(2)	 	Interest accrued at Net Rate	 	________________	(2)
	(3)	 	Accrued Servicing Fees	 	________________	(3)
	(4)	 	Attorney's Fees	 	________________	(4)
	(5)	 	Taxes (see page 2)	 	________________	(5)
	(6)	 	Property Maintenance	 	________________	(6)
	(7)	 	MI/Hazard Insurance Premiums (see page 2)	 	________________	(7)
	(8)	 	Utility Expenses	 	________________	(8)
	(9)	 	Appraisal/BPO	 	________________	(9)
	(10)	 	Property Inspections	 	________________	(10)
	(11)	 	FC Costs/Other Legal Expenses	 	________________	(11)
	(12)	 	Other (itemize)	 	________________	(12)
	 	 	Cash for Keys__________________________	 	________________	(12)
	 	 	HOA/Condo Fees_______________________	 	________________	(12)
	 	 	_____________________________________	 	________________	(12)
	 	 	 	 	 	 
	 	 	Total Expenses	 	$ _______________	(13)
	Credits:	 	 	 
	(14)	 	Escrow Balance	 	$ _______________	(14)
	(15)	 	HIP Refund	 	________________	(15)
	(16)	 	Rental Receipts	 	________________	(16)
	(17)	 	Hazard Loss Proceeds	 	________________	(17)
	(18)	 	Primary Mortgage Insurance / Gov’t Insurance	 	 	 
	HUD Part A	 	________________	(18a)
	HUD Part B	 	________________	(18b)
	(19)	 	Pool Insurance Proceeds	 	________________	(19)
	(20)	 	Proceeds from Sale of Acquired Property	 	________________	(20)
	(21)	 	Other (itemize)	 	________________	(21)
	 	 	_________________________________________	 	________________	(21)
	 	 	 	 	 	 
	 	 	Total Credits	 	$________________	(22)
	Total Realized Loss (or Amount of Gain)	 	$________________	(23)

 

    	 

    	 

    

 

Escrow Disbursement Detail

 

	Type

        (Tax /Ins.)
	 	Date Paid	 	Period of

        Coverage
	 	Total Paid	 	Base

        Amount
	 	Penalties	 	Interest
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    	 

    	 

    

 

EXHIBIT 5

 

FORM OF DELINQUENCY REPORTING

 

Exhibit
: Standard File Layout – Delinquency Reporting 

 

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

	Column/Header Name	 	Description	 	Decimal	 	Format

        Comment

	 	 	 	 	 	 	 
	SERVICER_LOAN_NBR	 	A unique number assigned to a
    loan by the Servicer.

This may be different than the LOAN_NBR	 	 	 	 
	 	 	 	 	 	 	 
	LOAN_NBR	 	A unique identifier assigned
    to each loan by the

originator.	 	 	 	 
	 	 	 	 	 	 	 
	CLIENT_NBR	 	Servicer Client Number	 	 	 	 
	 	 	 	 	 	 	 
	SERV_INVESTOR_NBR	 	Contains a unique number as assigned
    by an

external servicer to identify a group of loans in

their system.	 	 	 	 
	 	 	 	 	 	 	 
	BORROWER_FIRST_NAME	 	First Name of the Borrower.	 	 	 	 
	 	 	 	 	 	 	 
	BORROWER_LAST_NAME	 	Last name of the borrower.	 	 	 	 
	 	 	 	 	 	 	 
	PROP_ADDRESS	 	Street Name and Number of Property	 	 	 	 
	 	 	 	 	 	 	 
	PROP_STATE	 	The state where the property
    located.	 	 	 	 
	 	 	 	 	 	 	 
	PROP_ZIP	 	Zip code where the property is
    located.	 	 	 	 
	 	 	 	 	 	 	 
	BORR_NEXT_PAY_DUE_DATE	 	The date that the borrower's
    next payment is due

to the servicer at the end of processing cycle, as

reported by Servicer.	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	LOAN_TYPE	 	Loan Type (i.e. FHA, VA, Conv)	 	 	 	 
	 	 	 	 	 	 	 
	BANKRUPTCY_FILED_DATE	 	The date a particular bankruptcy
    claim was filed.	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	BANKRUPTCY_CHAPTER_CODE	 	The chapter under which the bankruptcy
    was filed.	 	 	 	 
	 	 	 	 	 	 	 
	BANKRUPTCY_CASE_NBR	 	The case number assigned by the
    court to the bankruptcy filing.	 	 	 	 
	 	 	 	 	 	 	 
	POST_PETITION_DUE_DATE	 	The payment due date once the
    bankruptcy has

been approved by the courts	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	BANKRUPTCY_DCHRG_DISM_DATE	 	The Date The Loan Is Removed
    From Bankruptcy.

Either by Dismissal, Discharged and/or a Motion For

Relief Was Granted. 	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	LOSS_MIT_APPR_DATE	 	The Date The Loss Mitigation
    Was Approved By The Servicer	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	LOSS_MIT_TYPE	 	The Type Of Loss Mitigation Approved
    For A Loan Such As;	 	 	 	 

 

    	 

    	 

    

 

	Column/Header Name	 	Description	 	Decimal	 	Format

        Comment

	 	 	 	 	 	 	 
	LOSS_MIT_EST_COMP_DATE	 	The Date The Loss
    Mitigation /Plan Is Scheduled To

End/Close	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	LOSS_MIT_ACT_COMP_DATE	 	The Date The Loss Mitigation
    Is Actually Completed	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	FRCLSR_APPROVED_DATE	 	The date DA Admin sends a letter
    to the servicer

with instructions to begin foreclosure

proceedings.	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	ATTORNEY_REFERRAL_DATE	 	Date File Was Referred To Attorney
    to Pursue

Foreclosure	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	FIRST_LEGAL_DATE	 	Notice of 1st legal filed by
    an Attorney in a

Foreclosure Action	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	FRCLSR_SALE_EXPECTED_DATE	 	The date by which a foreclosure
    sale is expected to occur.	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	FRCLSR_SALE_DATE	 	The actual date of the foreclosure
    sale.	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	FRCLSR_SALE_AMT	 	The amount a property sold for
    at the

foreclosure sale.	 	2	 	No commas(,)

or dollar

signs ($)
	 	 	 	 	 	 	 
	EVICTION_START_DATE	 	The date the servicer initiates
    eviction of the borrower.	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	EVICTION_COMPLETED_DATE	 	The date the court revokes legal
    possession of

the property from the borrower.	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	LIST_PRICE	 	The price at which an REO property
    is marketed.	 	2	 	No commas(,)

or dollar

signs ($)
	 	 	 	 	 	 	 
	LIST_DATE	 	The date an REO property is listed
    at a particular

price.	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	OFFER_AMT	 	The dollar value of an offer
    for an REO property.	 	2	 	No commas(,)

or dollar

signs ($)
	 	 	 	 	 	 	 
	OFFER_DATE_TIME	 	The date an offer is received
    by DA Admin or by the

Servicer.	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	REO_CLOSING_DATE	 	The date the REO sale of the
    property is scheduled

to close.	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	REO_ACTUAL_CLOSING_DATE	 	Actual Date Of REO Sale	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	OCCUPANT_CODE	 	Classification of how the property
    is occupied.	 	 	 	 
	 	 	 	 	 	 	 
	PROP_CONDITION_CODE	 	A code that indicates the condition
    of the

property.	 	 	 	 
	 	 	 	 	 	 	 
	PROP_INSPECTION_DATE	 	The date a property inspection
    is performed.	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	APPRAISAL_DATE	 	The date the appraisal was done.	 	 	 	MM/DD/YYYY

 

    	 

    	 

    

 

	Column/Header Name	 	Description	 	Decimal	 	Format

        Comment

	 	 	 	 	 	 	 
	CURR_PROP_VAL	 	 The current
    "as is" value of the property based on

brokers price opinion or appraisal.	 	2	 	 
	 	 	 	 	 	 	 
	REPAIRED_PROP_VAL	 	The amount the property would
    be worth if repairs

are completed pursuant to a broker's price opinion

or appraisal.	 	2	 	 
	 	 	 	 	 	 	 
	If
    applicable:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	DELINQ_STATUS_CODE	 	FNMA Code Describing Status of
    Loan	 	 	 	 
	 	 	 	 	 	 	 
	DELINQ_REASON_CODE	 	The circumstances which caused
    a borrower to

stop paying on a loan. Code indicates the reason

why the loan is in default for this cycle.	 	 	 	 
	 	 	 	 	 	 	 
	MI_CLAIM_FILED_DATE	 	Date Mortgage Insurance Claim
    Was Filed With

Mortgage Insurance Company.	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	MI_CLAIM_AMT	 	Amount of Mortgage Insurance
    Claim Filed	 	 	 	No commas(,)

or dollar

signs ($)
	 	 	 	 	 	 	 
	MI_CLAIM_PAID_DATE	 	Date Mortgage Insurance Company
    Disbursed Claim

Payment	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	MI_CLAIM_AMT_PAID	 	Amount Mortgage Insurance Company
    Paid On Claim	 	2	 	No commas(,)

or dollar

signs ($)
	 	 	 	 	 	 	 
	POOL_CLAIM_FILED_DATE	 	Date Claim Was Filed With Pool
    Insurance Company	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	POOL_CLAIM_AMT	 	Amount of Claim Filed With Pool
    Insurance Company	 	2	 	No commas(,)

or dollar

signs ($)
	 	 	 	 	 	 	 
	POOL_CLAIM_PAID_DATE	 	Date Claim Was Settled and The
    Check Was Issued By

The Pool Insurer	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	POOL_CLAIM_AMT_PAID	 	Amount Paid On Claim By Pool
    Insurance Company	 	2	 	No commas(,)

or dollar

signs ($)
	 	 	 	 	 	 	 
	FHA_PART_A_CLAIM_FILED_DATE	 	 Date FHA Part A
    Claim Was Filed With HUD	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	FHA_PART_A_CLAIM_AMT	 	 Amount of FHA Part
    A Claim Filed	 	2	 	No commas(,)

or dollar

signs ($)
	 	 	 	 	 	 	 
	FHA_PART_A_CLAIM_PAID_DATE	 	 Date HUD Disbursed
    Part A Claim Payment	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	FHA_PART_A_CLAIM_PAID_AMT	 	 Amount HUD Paid
    on Part A Claim	 	2	 	No commas(,)

or dollar

signs ($)
	 	 	 	 	 	 	 
	FHA_PART_B_CLAIM_FILED_DATE	 	  Date
    FHA Part B Claim Was Filed With HUD	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	FHA_PART_B_CLAIM_AMT	 	  Amount of
    FHA Part B Claim Filed	 	2	 	No commas(,)

or dollar

signs ($)

 

    	 

    	 

    

  

	Column/Header Name	 	Description	 	Decimal	 	Format

        Comment

	 	 	 	 	 	 	 
	FHA_PART_B_CLAIM_PAID_DATE	 	   Date
    HUD Disbursed Part B Claim Payment	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	FHA_PART_B_CLAIM_PAID_AMT	 	 Amount
    HUD Paid on Part B Claim	 	2	 	No commas(,)

or dollar

signs ($)
	 	 	 	 	 	 	 
	VA_CLAIM_FILED_DATE	 	 Date VA Claim Was
    Filed With the Veterans Admin	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	VA_CLAIM_PAID_DATE	 	 Date
    Veterans Admin. Disbursed VA Claim Payment	 	 	 	MM/DD/YYYY
	 	 	 	 	 	 	 
	VA_CLAIM_PAID_AMT	 	 Amount
    Veterans Admin. Paid on VA Claim	 	2	 	No commas(,)

or dollar

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

 

    	 

    	 

    

 

Exhibit
2: Standard File Codes – Delinquency Reporting 

 

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

		·	ASUM-	Approved Assumption

		·	BAP-        	Borrower Assistance Program

		·	CO-	 Charge Off

		·	DIL-	Deed-in-Lieu

		·	FFA-	 Formal Forbearance Agreement

		·	MOD-	 Loan Modification

		·	PRE-	Pre-Sale

		·	SS-	 Short Sale

		·	MISC-	Anything
else approved by the PMI or Pool Insurer

 

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

 

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

		·	Mortgagor

		·	Tenant

		·	Unknown
                                                                                                     

		·	Vacant

 

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

		·	Damaged

		·	Excellent

		·	Fair

		·	Gone

		·	Good

		·	Poor

		·	Special
                                                                                                              Hazard

		·	Unknown

    	 

    	 

    

 

Exhibit
2: Standard File Codes – Delinquency Reporting, Continued 

 

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

 

	Delinquency

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

 

    	 

    	 

    

 

Exhibit
2: Standard File Codes – Delinquency Reporting, Continued 

 

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

 

	Status Code	 	Status Description
	09	 	Forbearance
	17	 	Pre-foreclosure Sale Closing Plan Accepted
	24	 	Government Seizure
	26	 	Refinance
	27	 	Assumption
	28	 	Modification
	29	 	Charge-Off
	30	 	Third Party Sale
	31	 	Probate
	32	 	Military Indulgence
	43	 	Foreclosure Started
	44	 	Deed-in-Lieu Started
	49	 	Assignment Completed
	61	 	Second Lien Considerations
	62	 	Veteran’s Affairs-No Bid
	63	 	Veteran’s Affairs-Refund
	64	 	Veteran’s Affairs-Buydown
	65	 	Chapter 7 Bankruptcy
	66	 	Chapter 11 Bankruptcy
	67	 	Chapter 13 BankruptcyEXHIBIT 10.11

 

 

EXECUTION COPY

	
 

 

FLOW MORTGAGE LOAN PURCHASE AND SALE AGREEMENT

 

between

 

COLE TAYLOR BANK,

as Seller,

 

and

 

REDWOOD RESIDENTIAL ACQUISITION CORPORATION,

as Purchaser

 

August 1, 2011

 

Residential Mortgage Loans

 

(Servicing Released, Temporary Interim Servicing Period Only)

	
 

 

  

  

  

 

TABLE OF CONTENTS

 

	  	  	 	
Page

	  	  	 	  
	
SECTION 1.

	
Definitions

	 	
1

	 	 	 	 
	
SECTION 2.

	
Purchase and Conveyance

	 	
16

	 	 	 	 
	
SECTION 3.

	
Mortgage Loan Schedule

	 	
16

	 	 	 	 
	
SECTION 4.

	
Purchase Price

	 	
17

	 	 	 	 
	
SECTION 5.

	
Examination of Mortgage Files

	 	
17

	 	 	 	 
	
SECTION 6.

	
Delivery of Mortgage Loan Documents

	 	
16

	 	 	 	 
	
Subsection 6.01

	
Possession of Mortgage Files

	 	
16

	 	 	 	 
	
Subsection 6.02

	
Books and Records

	 	
18

	 	 	 	 
	
Subsection 6.03

	
Delivery of Mortgage Loan Documents

	 	
18

	 	 	 	 
	
Subsection 6.04

	
RESPA Notice and Helping Families Notice

	 	
19

	 	 	 	 
	
SECTION 7.

	
Representations, Warranties and Covenants; Remedies for Breach

	 	
19

	 	 	 	 
	
Subsection 7.01

	
Representations and Warranties Regarding Individual Mortgage Loans

	 	19 
	
 

	
 

	 	
 

	
Subsection 7.02

	
Seller Representations and Covenants

	 	
30

	 	 	 	 
	
Subsection 7.03

	
Repurchase; Substitution

	 	
32

	 	 	 	 
	
Subsection 7.04

	
Repurchase of Mortgage Loans With Early Payment Default

	 	
35

	 	 	 	 
	
Subsection 7.05

	
Purchase Price Protection

	 	
35

	 	 	 	 
	
SECTION 8.

	
Closing

	 	
36

	 	 	 	 
	
Subsection 8.01

	
Closing Conditions

	 	
36

	 	 	 	 
	
Subsection 8.02

	
Closing Documents

	 	
36

	 	 	 	 
	
SECTION 9.

	
[Reserved.]

	 	
37

	 	 	 	 
	
SECTION 10.

	
Costs

	 	
37

	 	 	 	 
	
SECTION 11.

	
Interim Servicing; Servicing Transfer

	 	
37

	 	 	 	 
	
Subsection 11.01

	
Temporary Servicing of Mortgage Loans

	 	
37

	 	 	 	 
	
Subsection 11.02

	
Direction by Purchaser During Interim Servicing Period

	 	
39

	 	 	 	 
	
Subsection 11.03

	
Collection of Mortgage Loan Payments

	 	
39

	 	 	 	 
	
Subsection 11.04

	
Establishment of Custodial Account; Deposits in Custodial Account

	 	
39

	
 

	
 

	 	  
	
Subsection 11.05

	
Withdrawals From the Custodial Account

	 	
41

	 	 	 	 
	
Subsection 11.06

	
Establishment of Escrow Account; Deposits in Escrow Account

	 	
42

	 	 	 	 
	
Subsection 11.07

	
Withdrawals From Escrow Account

	 	
42

  

i

  

 

	  	  	 	
Page

	  	  	 	  
	
Subsection 11.08

	
Payment of Taxes, Insurance and Other Charges;

	 	  
	  	
Collections Thereunder

	 	
43

	 	 	 	 
	
Subsection 11.09

	
Transfer of Accounts

	 	
43

	 	 	 	 
	
Subsection 11.10

	
Maintenance of Hazard Insurance

	 	
43

	 	 	 	 
	
Subsection 11.11

	
Maintenance of Primary Mortgage Insurance Policy; Claims

	 	
44

	 	 	 	 
	
Subsection 11.12

	
Fidelity Bond; Errors and Omissions Insurance

	 	
45

	 	 	 	 
	
Subsection 11.13

	
Title, Management and Disposition of REO Property

	 	
46

	 	 	 	 
	
Subsection 11.14

	
Servicing Compensation

	 	
46

	 	 	 	 
	
Subsection 11.15

	
Distributions

	 	
46

	 	 	 	 
	
Subsection 11.16

	
Statements to the Purchaser

	 	
46

	 	 	 	 
	
Subsection 11.17

	
[Reserved]

	 	
47

	 	 	 	 
	
Subsection 11.18

	
Assumption Agreements

	 	
47

	 	 	 	 
	
Subsection 11.19

	
Satisfaction of Mortgages and Release of Mortgage Files

	 	
48

	 	 	 	 
	
Subsection 11.20

	
Seller Shall Provide Access and Information as Reasonably Required

	 	
48

	 	 	 	 
	
Subsection 11.21

	
Inspections

	 	
48

	 	 	 	 
	
Subsection 11.22

	
Restoration of Mortgaged Property

	 	
48

	 	 	 	 
	
Subsection 11.23

	
Fair Credit Reporting Act

	 	
48

	 	 	 	 
	
Subsection 11.24

	
Transfer of Servicing to Purchaser

	 	
48

	 	 	 	 
	
Subsection 11.25

	
Payments Received

	 	
48

	 	 	 	 
	
SECTION 12.

	
The Seller

	 	
49

	 	 	 	 
	
Subsection 12.01

	
Indemnification; Third Party Claims

	 	
49

	 	 	 	 
	
Subsection 12.02

	
Merger or Consolidation of the Seller

	 	
49

	 	 	 	 
	
Subsection 12.03

	
Limitation on Liability of the Seller and Others

	 	
49

	 	 	 	 
	
SECTION 13.

	
Default

	 	
50

	 	 	 	 
	
Subsection 13.01

	
Events of Default

	 	
50

	 	 	 	 
	
Subsection 13.02

	
Waiver of Default.

	 	
51

	 	 	 	 
	
SECTION 14.

	
 Termination

	 	
51

	 	 	 	 
	
Subsection 14.01

	
Termination

	 	
51

	 	 	 	 
	
Subsection 14.02

	
Successors to the Seller as Interim Servicer

	 	
52

	 	 	 	 
	
Subsection 14.03

	
Termination of Interim Servicing by Purchaser.

	 	
53

	 	 	 	 
	
SECTION 15.

	
Notices

	 	
53

  

ii

  

 

	  	  	 	
Page

	 	 	 	 
	
SECTION 16.

	
 Severability Clause

	 	
54

	 	 	 	 
	
SECTION 17.

	
 No Partnership

	 	
54

	 	 	 	 
	
SECTION 18.

	
 Counterparts

	 	
54

	 	 	 	 
	
SECTION 19.

	
 Governing Law; Choice of Forum; Waiver of Jury Trial

	 	
55

	 	 	 	 
	
SECTION 20.

	
 Intention of the Parties

	 	
55

	 	 	 	 
	
SECTION 21.

	
 Waivers

	 	
56

	 	 	 	 
	
SECTION 22.

	
 Exhibits

	 	
56

	 	 	 	 
	
SECTION 23.

	
 General Interpretive Principles

	 	
56

	 	 	 	 
	
SECTION 24.

	
 Reproduction of Documents

	 	
57

	 	 	 	 
	
SECTION 25.

	
 Amendment

	 	
57

	 	 	 	 
	
SECTION 26.

	
 Confidentiality

	 	
57

	 	 	 	 
	
SECTION 27.

	
 Entire Agreement

	 	
57

	 	 	 	 
	
SECTION 28.

	
 Further Agreements

	 	
58

	 	 	 	 
	
SECTION 29.

	
 Successors and Assigns

	 	
58

	 	 	 	 
	
SECTION 30.

	
 Non-Solicitation

	 	
58

	 	 	 	 
	
SECTION 31.

	
Protection of Consumer Information

	 	
59

	 	 	 	 
	
SECTION 32.

	
Cooperation of the Seller with a Reconstitution; Regulation AB Compliance

	 	
59

	 	 	 	 
	
SECTION 1.

	
DEFINED TERMS

	 	
I-1

	 	 	 	 
	
SECTION 2.

	
COMPLIANCE WITH REGULATION AB

	 	
I-3

	 	 	 	 
	
Subsection 2.01

	
Intent of the Parties; Reasonableness.

	 	
I-3

	 	 	 	 
	
Subsection 2.02

	
Additional Representations and Warranties of the Company.

	 	
I-4

	 	 	 	 
	
Subsection 2.03

	
Information to Be Provided by the Company.

	 	
I-4

	 	 	 	 
	
Subsection 2.04

	
Indemnification; Remedies.

	 	
I-7

	 	 	 	 
	
Subsection 2.05

	
Third-party Beneficiary.

	 	
I-8

 

  

iii

  

 

EXHIBITS

 

	
EXHIBIT 1

	
MORTGAGE LOAN DOCUMENTS

	  	  
	
EXHIBIT 2

	
CONTENTS OF EACH MORTGAGE FILE

	  	  
	
EXHIBIT 3

	
FORM OF PPTL

	  	  
	
EXHIBIT 4

	
SERVICING TRANSFER INSTRUCTIONS

	  	  
	
ADDENDUM I

	
REGULATION AB COMPLIANCE ADDENDUM

 

  

iv

  

 

FLOW MORTGAGE LOAN PURCHASE AND SALE AGREEMENT

 

THIS FLOW MORTGAGE LOAN PURCHASE AND SALE AGREEMENT (the “Agreement”), dated  August 1, is hereby executed by and between REDWOOD RESIDENTIAL ACQUISITION CORPORATION, a Delaware corporation, as purchaser (the “Purchaser”), and COLE TAYLOR BANK, as seller (the “Seller”).

 

WITNESSETH:

 

WHEREAS, the Seller has agreed to sell from time to time to the Purchaser, and the Purchaser has agreed to purchase from time to time from the Seller, certain conventional, residential, first-lien mortgage loans (the “Mortgage Loans”) as described herein on a servicing released basis, and which shall be delivered as whole loans as provided herein; and

 

WHEREAS, the Mortgage Loans will be sold by the Seller and purchased by the Purchaser as pools or groups of whole loans on a servicing released basis (each, a “Mortgage Loan Package”) on the various Closing Dates as provided herein; and

 

WHEREAS, each of the Mortgage Loans will be secured by a mortgage, deed of trust or other security instrument creating a first lien on a Residential Dwelling located in the jurisdiction indicated on the related Mortgage Loan Schedule which will be annexed to a PPTL (as defined herein) on the related Closing Date; and

 

WHEREAS, the Purchaser and the Seller wish to prescribe the manner of the conveyance and control of the Mortgage Loans;

 

NOW, THEREFORE, in consideration of the premises and mutual agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Purchaser and the Seller agree as follows:

 

SECTION 1.  Definitions.

 

For purposes of this Agreement, the following capitalized terms shall have the respective meanings set forth below.

 

Adjustable Rate Mortgage Loan:  A Mortgage Loan purchased pursuant to this Agreement which provides for the adjustment of the Mortgage Interest Rate payable in respect thereto.

 

Adjustment Date:  As to each Adjustable Rate Mortgage Loan, the date on which the Mortgage Interest Rate is adjusted in accordance with the terms of the related Mortgage Note and Mortgage.

 

  

  

  

 

Agency Transfer:  The sale or transfer by the Purchaser of some or all of the Mortgage Loans to Fannie Mae, Ginnie Mae or Freddie Mac while retaining Servicer as servicer.

 

Agreement:  This Flow Mortgage Loan Purchase and Sale Agreement including all exhibits, schedules, amendments and supplements hereto.

 

ALTA:  The American Land Title Association or any successor thereto.

 

Anti-Money Laundering Laws: As defined in Section 7.01(h).

 

Applicable Requirements:  With respect to the Mortgage Loans, as applicable and as of the time of reference, (i) the terms of the applicable Mortgage and Mortgage Note; (ii) Customary Servicing Procedures; (iii) all federal, state and local laws, statutes, rules, regulations and ordinances applicable to the servicing of the Mortgage Loans including, without limitation, the applicable requirements and guidelines of any insurer or any other governmental agency, board, commission, instrumentality or other governmental or quasi-governmental body or office; (iv) all other judicial and administrative judgments, orders, stipulations, awards, writs and injunctions applicable to the servicing of the Mortgage Loans; and (v) all contractual obligations relating to the servicing of the Mortgage Loans including, without limitation, those contractual obligations contained in any applicable servicing agreement or in any agreement relating to the Mortgage Loans with any insurer or in the Mortgage File.

 

Appraised Value:  With respect to any Mortgaged Property, the lesser of (i) the value (or Reconciled Market Value if more than one appraisal is received) thereof as determined by a Qualified Appraiser at the time of origination of the Mortgage Loan, and (ii) the purchase price paid for the related Mortgaged Property by the Mortgagor with the proceeds of the Mortgage Loan; provided, however, that in the case of a Refinanced Mortgage Loan, such value (or Reconciled Market Value if more than one appraisal is received) of the Mortgaged Property is based solely upon the value determined by an appraisal or appraisals made for the originator of such Refinanced Mortgage Loan at the time of origination of such Refinanced Mortgage Loan by a Qualified Appraiser.

 

Appraiser Independence Requirements: The Appraiser Independence Requirements effective as of October 15, 2010, as amended and in effect from time to time.

 

Arbitration: Arbitration in accordance with the then governing Arbitration Rules for Commercial Disputes of the American Arbitration Association (“AAA”) and administered by the AAA, which shall be conducted in a place mutually acceptable to the parties to the arbitration.

 

Arbitrator:  A retired judge or justice of an Illinois or New York state trial or appellate court, or a retired judge of a United States District Court (which judge or justice is not affiliated with the Seller or the Purchaser and is a member of the American Arbitration Association) or, if no such judge or justice is available to serve as an arbitrator, a person who is not affiliated with the Seller or the Purchaser and who is a member of the American Arbitration Association.

 

  

2

  

 

Assignment of Mortgage:  An individual assignment of the Mortgage, notice of transfer or equivalent instrument in recordable form, sufficient under the laws of the jurisdiction in which the related Mortgaged Property is located to give record notice of the sale of the Mortgage to the Purchaser.

 

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 Purchaser with respect to the Mortgage Loan pursuant to Subsection 11.15 and representing payments or other recoveries of principal.

 

Balloon Mortgage Loan:  A Mortgage Loan that provided on the date of origination for monthly payments up to but not including the maturity date based on an amortization extending beyond its maturity date.

 

Balloon Payment:  With respect to any Balloon Mortgage Loan as of any date of determination, the final payment payable on the maturity of such Mortgage Loan, which shall include the entire remaining principal balance.

 

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

 

Closing Date:  The date or dates, set forth in the related PPTL, on which the Purchaser will purchase and the Seller will sell the Mortgage Loans identified therein.

 

CLTV: Combined Loan-to-Value Ratio.

 

Code:  The Internal Revenue Code of 1986, as amended, or any successor statute thereto.

 

Commission:  The United States Securities and Exchange Commission.

 

Condemnation Proceeds:  All awards, compensation and settlements in respect of a taking (whether permanent or temporary) of all or part of a Mortgaged Property by exercise of the power of condemnation or the right of eminent domain, to the extent not required to be released to a Mortgagor in accordance with the terms of the related Mortgage Loan Documents.

 

Consumer Information:  Any personally identifiable information in any form (written electronic or otherwise) relating to a Mortgagor, including, but not limited to: a Mortgagor’s name, address, telephone number, Mortgage Loan number, Mortgage Loan payment history,

 

  

3

  

 

delinquency status, insurance carrier or payment information, tax amount or payment information; the fact that the Mortgagor has a relationship with the Seller or Servicer or the originator of the related Mortgage Loan; and any other non-public personally identifiable information.

 

Credit Score: For each Mortgage Loan, (a) if two credit scores were obtained at origination, the lowest score of the two, and (b) if three scores were obtained at origination, the middle of the three.  When there is more than one applicant, the lowest of the applicants’ Credit Scores will be used.  There is only one (1) score for any Mortgage Loan regardless of the number of borrowers and/or applicants.

 

Custodial Account:  As defined in Subsection 11.04.

 

Customary Servicing Procedures:  With respect to any Mortgage Loan, those mortgage servicing practices (including collection procedures) of prudent mortgage banking institutions which service mortgage loans of the same type as such Mortgage Loan in the jurisdiction where the related Mortgaged Property is located, and which are in accordance with Fannie Mae servicing practices and procedures for MBS pool mortgages, as defined in the Fannie Mae Guides including future updates, or as such mortgage servicing practices may change from time to time.

 

Cut-off Date:  With respect to each Mortgage Loan, the first day of the month of the related Closing Date as set forth in the related PPTL.

 

Deleted Mortgage Loan:  A Mortgage Loan replaced or to be replaced with a Substitute Mortgage Loan in accordance with this Agreement.

 

Delinquent:  Any Mortgage Loan with respect to which the Monthly Payment due on a Due Date is not made by the close of business on the Business Day preceding the next scheduled Due Date for such Mortgage Loan.

 

Due Date:  The day of the month on which the Monthly Payment is due on a Mortgage Loan, exclusive of any days of grace.

 

Eligible Account:  Any account or accounts maintained with a federal or state chartered depository institution or trust company the short-term and long-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) are rated in the highest rating category of each Rating Agency with respect to short-term unsecured debt obligations and in one of the two highest rating categories of each Rating Agency with respect to long-term unsecured debt obligations at the time any amounts are held on deposit therein.  Eligible Accounts may bear interest.  If the rating of the short-term or long-term unsecured debt obligations of the depository institution or trust company that maintains the account or accounts

 

  

4

  

 

is no longer in the highest rating category of each Rating Agency with respect to short-term unsecured debt obligations or in one of the two highest rating categories of each Rating Agency with respect to long-term unsecured debt obligations, the funds on deposit therewith in connection with this Agreement shall be transferred to an Eligible Account within 30 days of such downgrade.

 

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

 

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

 

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

 

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

 

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

 

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

 

  

5

  

 

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

 

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

 

Escrow Account:  As defined in Subsection 11.06.

 

Escrow Payments:  The amounts constituting ground rents, taxes, assessments, Primary Mortgage Insurance Policy premiums, fire and hazard insurance premiums, flood insurance premiums, condominium charges and other payments as may be required to be escrowed by the Mortgagor with the Mortgagee pursuant to the terms of any Mortgage Note or Mortgage.

 

Event of Default:  Any one of the conditions or circumstances enumerated in Subsection 13.01.

 

Fannie Mae:  The entity formerly known as the Federal National Mortgage Association or any successor thereto.

 

Fannie Mae Guides:  The Fannie Mae Sellers’ Guide and the Fannie Mae Servicers’ Guide and all amendments or additions thereto in effect on and after the related Closing Date.

 

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

 

FDPA: The Flood Disaster Protection Act of 1973, as amended.

 

Fidelity Bond:  The fidelity bond required to be obtained by the Servicer pursuant to Subsection 11.12.

 

FIRREA:  The Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended and in effect from time to time.

 

First Remittance Date:  With respect to each Mortgage Loan Package, the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately preceding such 18th day) of the calendar month immediately following the Closing Date; provided, however, if the Servicing Transfer Date is not one (1) or more Business Days prior to the first day of such

 

  

6

  

 

calendar month, such date will be the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately preceding such 18th day) of the next succeeding calendar month.

 

Freddie Mac:  The entity formerly known as the Federal Home Loan Mortgage Corporation or any successor thereto.

 

Freddie Mac Guide:  The Freddie Mac Single Family Seller/Servicer Guide and all amendments or additions thereto in effect on and after the related Closing Date.

 

Full Prepayment:  Any payment of the entire principal balance of a Mortgage Loan 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.

 

Ginnie Mae: The Government National Mortgage Association or any successor thereto.

 

Gross Margin:  With respect to any Adjustable Rate Mortgage Loan, the fixed percentage amount set forth in the related Mortgage Note and the Mortgage Loan Schedule that is added to the Index on each Adjustment Date in accordance with the terms of the related Mortgage Note to determine the new Mortgage Interest Rate for such Mortgage Loan.

 

Helping Families Act: As defined in Subsection 6.04.

 

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

 

Independent: When used with respect to any other Person, a Person who (a) is in fact independent of another specified Person and any affiliate of such other Person, (b) does not have any material direct financial interest in such other Person or any affiliate of such other Person, and (c) is not connected with such other Person or any affiliate of such other Person as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions.

 

Index:  With respect to any Adjustable Rate Mortgage Loan, the index identified on the Mortgage Loan Schedule and set forth in the related Mortgage Note for the purpose of calculating the Mortgage Interest Rate thereon.

 

Initial Rate Cap:  With respect to each Adjustable Rate Mortgage Loan and the initial Adjustment Date therefor, a number of percentage points per annum that is set forth in the Mortgage Loan Schedule and in the related Mortgage Note, which is the maximum amount by which the Mortgage Interest Rate for such Adjustable Rate Mortgage Loan may increase or decrease from the Mortgage Interest Rate in effect immediately prior to such Adjustment Date.

 

  

7

  

 

Insurance Proceeds:  With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

 

Interim Servicing Period: The period from the Closing Date to the related Servicing Transfer Date.

 

IO Adjustable Rate Mortgage Loan:  An Adjustable Rate Mortgage Loan with respect to which accrued interest only is payable by a Mortgagor on each Due Date until the IO Conversion Date.

 

IO Conversion Date:  With respect to an IO Adjustable Rate Mortgage Loan, the date that references the end of the “interest only period” applicable thereto.

 

Lifetime Rate Cap:  As to each Adjustable Rate Mortgage Loan, the maximum Mortgage Interest Rate which shall be as permitted in accordance with the provisions of the related Mortgage Note.

 

Liquidation Proceeds:  The proceeds received in connection with the liquidation of a defaulted Mortgage Loan through trustee’s sale, foreclosure sale or otherwise, other than amounts received following the acquisition of REO Property, Insurance Proceeds and Condemnation Proceeds.

 

Loan-to-Value Ratio:  With respect to any Mortgage Loan as of any date of determination, the ratio, expressed as a percentage, of the outstanding principal balance of the Mortgage Loan on such date, to the Appraised Value of the related Mortgaged Property.

 

LPMI: Lender paid mortgage insurance.

 

LTV:  Loan-to-Value Ratio.

 

Master Servicer:  Wells Fargo Bank, N.A., together with its successors and assigns, as master servicer with respect to any Securitization Transaction, or any other master servicer designated as such with respect to any Securitization Transaction.

 

MERS:  Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

 

MERS Mortgage Loan:  Any Mortgage Loan registered with MERS on the MERS System.

 

MERS System:  The system of recording transfers of mortgages electronically maintained by MERS.

 

  

8

  

 

MIN:  The Mortgage Identification Number for any MERS Mortgage Loan.

 

Minimum Interest Rate:  With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

 

Monthly Payment:  The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan pursuant to the terms of the related Mortgage Note.

 

Mortgage:  The mortgage, deed of trust or other instrument securing a Mortgage Note which creates a first lien on an unsubordinated estate in fee simple in real property securing the Mortgage Note; except that with respect to real property located in jurisdictions in which the use of leasehold estates for residential properties is a widely-accepted practice, the mortgage, deed of trust or other instrument securing the Mortgage Note may secure and create a first lien upon a leasehold estate of the Mortgagor.

 

Mortgage File:  With respect to each Mortgage Loan, all documents involved in the origination, underwriting (including documented compensating factors pertaining to exceptions) and servicing of the Mortgage Loan, including but not limited to the documents specified in Exhibit 2, and any additional documents required to be added to the Mortgage File pursuant to this Agreement.

 

Mortgage Interest Rate:  With respect to each Mortgage Loan, the annual rate at which interest accrues on such Mortgage Loan from time to time in accordance with the provisions of the related Mortgage Note, including, but not limited to, the limitations on such interest rate imposed by the Initial Rate Cap, the Periodic Rate Cap, the Minimum Interest Rate and the Lifetime Rate Cap, if any.

 

Mortgage Loan:  An individual Mortgage Loan that is the subject of this Agreement, each Mortgage Loan originally sold and subject to this Agreement being identified on the related Mortgage Loan Schedule, which Mortgage Loan includes without limitation the Mortgage File, the Servicing File, the Monthly Payments, Principal Prepayments, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds, REO Disposition Proceeds, any escrow accounts related to the Mortgage Loan, the Servicing Rights and all other rights, benefits, proceeds and obligations arising from or in connection with such Mortgage Loan, excluding replaced or repurchased mortgage loans.

 

Mortgage Loan Documents:  With respect to any Mortgage Loan, the documents listed in Exhibit 1 hereto.

 

Mortgage Loan Package:  The pool or group of whole loans purchased on a Closing Date, as described in the Mortgage Loan Schedule annexed to the related PPTL.

 

  

9

  

 

Mortgage Loan Remittance Rate:  With respect to any Mortgage Loan, the related Mortgage Interest Rate minus the related Servicing Fee Rate.

 

Mortgage Loan Schedule:  The schedule of Mortgage Loans prepared for each Closing Date setting forth the information with respect to each Mortgage Loan required by the disclosure report format of the Purchaser, which disclosure report format is delivered by the Purchaser to the Seller.

 

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

 

Mortgaged Property:  The Mortgagor’s real property securing repayment of a related Mortgage Note, consisting of a fee simple interest in a single parcel of real property improved by a Residential Dwelling.

 

Mortgagee:  The mortgagee or beneficiary named in the Mortgage and the successors and assigns of such mortgagee or beneficiary.

 

Mortgagor:  The obligor on a Mortgage Note, who is an owner of the Mortgaged Property and the grantor or mortgagor named in the Mortgage and such grantor’s or mortgagor’s successors in title to the Mortgaged Property.

 

NAIC:  The National Association of Insurance Commissioners or any successor organization.

 

Officer’s Certificate:  A certificate signed by the Chairman of the Board, the Vice Chairman of the Board, a President or a Vice President of the Person on behalf of whom such certificate is being delivered.

 

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

 

OTS:  The Office of Thrift Supervision or any successor thereto.

 

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.

 

Periodic Rate Cap:  As to each Adjustable Rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate, on any Adjustment Date as provided in the related Mortgage Note, if applicable.

 

  

10

  

 

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

 

PPTL:  With respect to each Mortgage Loan and Mortgage Loan Package, the Purchase Price and Terms Letter, substantially in the form of Exhibit 6 attached hereto, providing for the sale by Seller and the purchase by the Purchaser of the Mortgage Loan Package on the related Closing Date.

 

Prepayment Charge:  With respect to each Mortgage Loan, the fee payable by the Mortgagor if the Mortgagor prepays such Mortgage Loan as provided in the related Mortgage Note or Mortgage.

 

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.

 

Primary Mortgage Insurance Policy:  A policy of primary mortgage guaranty insurance.

 

Principal Prepayment:  Any full or partial payment or other recovery of principal on a Mortgage Loan which is received in advance of its scheduled Due Date, including any Prepayment Charge or premium thereon and which is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

 

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

 

Purchase Price:  The price paid on the related Closing Date by the Purchaser to the Seller pursuant to this Agreement in exchange for the Mortgage Loans included in the related Mortgage Loan Package, as calculated pursuant to Section 4 and the related PPTL.

 

Purchase Price Percentage:  For each Mortgage Loan included in a Mortgage Loan Package, the percentage of par set forth in the related PPTL that is used to calculate the Purchase Price of the Mortgage Loans included in such Mortgage Loan Package.

 

  

11

  

 

Purchaser:  The Person listed as such in the initial paragraph of this Agreement, together with its successors and assigns as permitted under the terms of this Agreement.

 

Qualified Appraiser:  With respect to each Mortgage Loan, an appraiser, duly appointed by the originator, who had no interest, direct or indirect in the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and such appraiser and the appraisal made by such appraiser both satisfy the requirements of Fannie Mae or Freddie Mac (including but not limited to the Appraiser Independence Requirements) and Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated.

 

Qualified Insurer:  An insurance company duly qualified as such under the laws of the states in which the Mortgaged Properties are located, duly authorized and licensed in such states to transact the applicable insurance business and to write the insurance provided by the insurance policy issued by it, approved as an insurer by Fannie Mae and Freddie Mac.

 

Rating Agencies: Standard & Poor’s Ratings Services, a division of The McGraw- Hill Companies, Inc., Moody’s Investors Service, Inc., Fitch, Inc. or, in the event that some or all ownership of the Mortgage Loans is evidenced by mortgage-backed securities, the nationally recognized rating agencies issuing ratings with respect to such securities, if any.

 

Reconciled Market Value: The estimated market value of the Mortgaged Property or REO Property that is reasonably determined by the Seller based on different results obtained from different permitted valuation methods or at different time periods, all in accordance with Customary Servicing Procedures.

 

Reconstitution Agreement:  The agreement or agreements entered into by the Seller and the Purchaser and certain third parties on the Reconstitution Date or Reconstitution Dates with respect to any or all of the Mortgage Loans conveyed hereunder, in connection with a Whole Loan Transfer or a Securitization Transaction as provided in Subsection 32.

 

Reconstitution Date:  The date or dates on which any or all of the Mortgage Loans are reconstituted as part of a Whole Loan Transfer or Securitization Transaction pursuant to Section 32 hereof.

 

Record Date:  The close of business of the last Business Day of the month preceding the month of the related Remittance Date or, in the case of a Remittance Date that is the Servicing Transfer Date, the Business Day prior to the Servicing Transfer Date.

 

Refinanced Mortgage Loan:  A Mortgage Loan which was made to a Mortgagor who owned the Mortgaged Property prior to the origination of such Mortgage Loan and the proceeds of which were used in whole or part to satisfy an existing mortgage.

 

  

12

  

 

Regulation AB:  Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R.  §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.

 

Regulation AB Compliance Addendum:  Addendum I attached hereto and incorporated herein by reference thereto.

 

REMIC:  A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code.

 

Remittance Date:  (a) The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately preceding such 18th day) of any month, beginning with the First Remittance Date with respect to each Mortgage Loan Package, and (b) the Servicing Transfer Date.

 

REO Disposition:  The final sale by the Seller or the Purchaser of an REO Property.

 

REO Disposition Proceeds:  All amounts received with respect to an REO Disposition pursuant to Subsection 11.13.

 

REO Property:  A Mortgaged Property acquired by or on behalf of the Purchaser through foreclosure or deed in lieu of foreclosure as described in Subsection 11.13.

 

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 and distributed to the Purchaser to the last day of the month in which such repurchase occurs, plus, (iii) reasonable and customary third party expenses incurred in connection with the transfer of the Mortgage Loan being repurchased, minus (iv) any amounts received in respect of such repurchased Mortgage Loan and being held in the Custodial Account for future distribution in connection with such Mortgage Loan.

 

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

 

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

 

  

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Securitization Transaction:  Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly by the Purchaser to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.

 

Seller: Cole Taylor Bank, or its successor in interest or any successor to the Seller under this Agreement appointed as herein provided.

 

Servicer:  The Servicer set forth in the related PPTL.

 

Servicing Advances:  All customary, reasonable and necessary out-of-pocket costs and expenses incurred in the performance by the Servicer of its servicing obligations, including, but not limited to, the cost of (a) the preservation, restoration and protection of a Mortgaged Property, (b) any enforcement or judicial proceedings, including foreclosures, (c) the management and liquidation of a Mortgaged Property if such Mortgaged Property is acquired in satisfaction of the Mortgage, and (d) payments made by the Servicer with respect to a Mortgaged Property pursuant to Subsection 11.08.

 

Servicing Fee:  With respect to each Mortgage Loan, the fee the Purchaser shall pay to the Seller to interim service the Mortgage Loans, which shall, for each month, be equal to one-twelfth of the product of the applicable Servicing Fee Rate and the Stated Principal Balance of such Mortgage Loan (pro-rated with respect to partial months).  Such fee shall be payable monthly.  The obligation of the Purchaser to pay the Servicing Fee is limited to, and payable solely from, the interest portion (including recoveries with respect to interest from Liquidation Proceeds and other proceeds, to the extent permitted by Subsection 11.05) of related Monthly Payments collected by the Seller, or as otherwise provided under Subsection 11.05.

 

Servicing Fee Rate:  With respect to each Mortgage Loan, the per annum rate set forth on the related Mortgage Loan Schedule or if not specified thereon, in the related PPTL.

 

Servicing File:  With respect to each Mortgage Loan, the documents pertaining thereto specified in Exhibit 2 and copies of all documents for such Mortgage Loan specified in Exhibit 1.

 

Servicing Rights: With respect to each Mortgage Loan, any and all of the following: (a) all rights to service the Mortgage Loan; (b) all rights to receive the Servicing Fees, additional servicing compensation (including, without limitation, any late fees, assumption fees, penalties or similar payments with respect to the Mortgage Loan, and income on escrow accounts or other receipts on or with respect to the Mortgage Loan), reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other similar

 

  

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payments with respect to the Mortgage Loans and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by applicable law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Mortgage Loan Documents and Mortgage Files pertaining to the Mortgage Loans or pertaining to the past, present or prospective servicing of the Mortgage Loans; (f) all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; (g) all rights, powers and privileges incident to any of the foregoing; and (h) all agreements or documents creating, defining or evidencing any of the foregoing rights to the extent they relate to such rights.

 

Servicing Transfer Date:  The date or dates, set forth in the related PPTL, when the Servicer will begin servicing the Mortgage Loans for the benefit of the Purchaser.

 

Servicing Transfer Instructions:  The servicing transfer instructions in the form of Exhibit 4 hereto.

 

Stated Principal Balance:  As to each Mortgage Loan as to any date of determination, (i) the principal balance of the Mortgage Loan as of the first day of the month for which such calculation is being made after giving effect to the principal portion of any Monthly Payments due on or before such date, whether or not received, as well as any Principal Prepayments received before such date, minus, without duplication, (ii) all amounts previously distributed to the Purchaser with respect to the Mortgage Loan representing payments or recoveries of principal, or advances in lieu thereof.

 

Substitute Mortgage Loan:  A mortgage loan substituted by the Seller for a Deleted Mortgage Loan which must, on the date of such substitution, be approved by the Purchaser and meet the conditions described in Section 7.03(b) of this Agreement.

 

Underwriting Guidelines:  As to each Mortgage Loan Package, the written underwriting guidelines in effect as of the origination date of such Mortgage Loans, mutually agreed upon by the Seller and Purchaser, and delivered by the Seller to the Purchaser, as may be revised and modified, from time to time, by mutual agreement of the Purchaser and the Seller to reflect changes to the Underwriting Guidelines.

 

USA Patriot Act: Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, as amended.

 

USPAP: The Uniform Standards of Professional Appraisal Practice, as amended and in effect from time to time.

 

Whole Loan Transfer:  Any sale or transfer by the Purchaser of some or all of the Mortgage Loans (including an Agency Transfer), other than a Securitization Transaction.

 

  

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SECTION 2.  Purchase and Conveyance.

 

The Seller, in exchange for the payment of the applicable Purchase Price by the Purchaser on the related Closing Date, receipt of which is hereby acknowledged, hereby sells, transfers, assigns, sets over and conveys to the Purchaser, without recourse, but subject to the terms of this Agreement, all of its rights, title and interest in and to the Mortgage Loans, including the related Mortgage Note and Mortgages, in a Mortgage Loan Package having a Stated Principal Balance in an amount as set forth in the related PPTL, or in such other amount as agreed by the Purchaser and the Seller as evidenced by the actual aggregate principal balance of the Mortgage Loan Package accepted by the Purchaser on the related Closing Date, together with the related Mortgage Files and all rights and obligations arising under the documents contained therein, on a servicing released basis.

 

With respect to each Mortgage Loan, the Purchaser shall own and be entitled to (1) all Monthly Payments due after the related Cut-off Date, (2) all other recoveries of principal collected after the related Cut-off Date (provided, however, that the principal portion of all Monthly Payments due on or before the related Cut-off Date and collected by the Seller or any successor servicer after the related Cut-off Date shall belong to the Seller), and (3) all payments of interest on the Mortgage Loans (minus that portion of any such payment which is allocable to the period prior to the related Cut-off Date).  The Stated Principal Balance of each Mortgage Loan as of the related Cut-off Date is determined after application of payments of principal due on or before the related Cut-off Date whether or not collected, together with any unscheduled Principal Prepayments collected prior to the related Cut-off Date; provided, however, that Monthly Payments for a Due Date beyond the Cut-off Date shall not be applied to reduce the principal balance.  Such Monthly Payments shall be the property of the Purchaser.  If the Servicing Transfer Date has not yet occurred, the Seller shall remit any such Monthly Payments to the Purchaser on the Remittance Date following collection thereof.  If the Servicing Transfer Date has occurred, the Seller shall remit any such Monthly Payments to the Purchaser in accordance with the Servicing Transfer Instructions.

 

SECTION 3.  Mortgage Loan Schedule.

 

The Seller shall deliver the Mortgage Loan Schedule (which will be annexed to the related PPTL) to the Purchaser at least two (2) Business Days prior to the related Closing Date.

 

SECTION 4.  Purchase Price.

 

The Purchase Price for the Mortgage Loans being acquired on a Closing Date shall be equal to the sum of (a) the product of (i) the Purchase Price Percentage stated in the related PPTL (subject to adjustment as provided therein) and (ii) the Stated Principal Balance of the Mortgage Loans listed on the related Mortgage Loan Schedule, plus (b) an amount equal to accrued interest on the aggregate Stated Principal Balance of the Mortgage Loans at the weighted average Mortgage Interest Rate of such Mortgage Loans from the related Cut-off Date through the day prior to the related Closing Date, both inclusive (assuming 30/360) (the “Purchase Price”). If so provided in the related PPTL, portions of the Mortgage Loans shall be priced separately.

 

  

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The Purchase Price as set forth in the preceding paragraph for the Mortgage Loans shall be paid on the related Closing Date by wire transfer of immediately available funds.

 

SECTION 5.  Examination of Mortgage Files.

 

The Seller shall, at the direction of the Purchaser, deliver to the Purchaser or its designee in escrow, for examination and retention, with respect to each Mortgage Loan to be purchased on the related Closing Date, the related Mortgage File in hard copy or  in digital format on compact disks or DVD.  Such examination may be made by the Purchaser or its designee at any reasonable time before or after the related Closing Date.  The Purchaser may, at its option and without notice to the Seller, purchase all or part of the Mortgage Loan Package without conducting any partial or complete examination. The fact that the Purchaser has conducted or has determined not to conduct any partial or complete examination of the Mortgage Files shall not affect the Purchaser’s (or any of its successors’) rights to demand repurchase or other relief or remedy provided for in this Agreement.

 

SECTION 6.  Delivery of Mortgage Loan Documents.

 

Subsection 6.01  Possession of Mortgage Files.

 

Originals or copies of all documents, including but not limited to the documents listed on Exhibit 2 and comprising the Mortgage File, other than the Mortgage Loan Documents, shall be delivered to the Purchaser or its designee on or prior to the related Closing Date.  During the Interim Servicing Period, originals of the contents of each Mortgage File not delivered to the Purchaser or the custodian appointed by the Purchaser are and shall be held in trust by the Seller for the benefit of the Purchaser as the owner thereof and shall be available for review by the Purchaser promptly following a written request.  During the Interim Servicing Period, the Seller’s possession of any portion of each such Mortgage File is at the will of the Purchaser, and such retention and possession by the Seller shall be in a custodial capacity only.  The ownership of each Mortgage Note, Mortgage and the contents of each Mortgage File is vested in the Purchaser and the ownership of all records and documents with respect to the related Mortgage Loan prepared by or which come into the possession of the Seller shall immediately vest in the Purchaser and shall be retained and maintained, in trust, by the Seller at the will of the Purchaser in such custodial capacity only.  The copies of the Mortgage File retained by the Seller with respect to each Mortgage Loan pursuant to this Agreement shall be appropriately identified in the Seller’s computer system to reflect clearly the ownership of such related Mortgage Loan by the Purchaser.  The Seller shall release from its custody the contents of any Mortgage File retained by it only in accordance with this Agreement and the Servicing Transfer Instructions, except when such release is required in connection with a repurchase of any such Mortgage Loan pursuant to Subsection 7.03 of this Agreement or if required under applicable law or court order.  The Purchaser shall, promptly following a written request, return to the Seller hard copies of the Mortgage File in respect of any Mortgage Loan that is not purchased by the Purchaser.

 

  

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Subsection 6.02  Books and Records.

 

The sale of each Mortgage Loan will be reflected on the Seller’s balance sheet and other financial statements as a sale of assets by the Seller.  The Seller shall maintain a complete set of books and records for the Mortgage Loans sold by it which shall be appropriately identified in the Seller’s computer system to clearly reflect the ownership of the Mortgage Loans by the Purchaser.

 

In addition to the foregoing, the Seller shall provide to any supervisory agents or examiners that regulate the Purchaser, including but not limited to, the OTS, the FDIC and other similar entities, access, during normal business hours, upon reasonable advance written notice to the Seller and without charge to the Seller or such supervisory agents or examiners, to any documentation regarding the Mortgage Loans that may be required by any applicable regulator.

 

Subsection 6.03  Delivery of Mortgage Loan Documents.

 

The Seller shall deliver and release to the Purchaser or the custodian appointed by the Purchaser the Mortgage Loan Documents no later than four (4) Business Days prior to the related Closing Date or, upon the request of the Purchaser, earlier, if necessary or desirable to facilitate a review. If the Seller cannot deliver the original recorded Mortgage Loan Documents on the related Closing Date, the Seller shall, promptly upon receipt thereof and in any case not later than 120 days from the Closing Date, deliver such original recorded Mortgage Loan Documents to the Purchaser or the appointed custodian (unless the Seller is delayed in making such delivery by reason of the fact that such documents shall not have been returned by the appropriate recording office).  If delivery is not completed within 120 days of the related Closing Date solely because such Mortgage Loan Documents shall not have been returned by the appropriate recording office, the Seller shall deliver such Mortgage Loan Documents to Purchaser, or the appointed custodian, within such time period as specified in a Seller’s Officer’s Certificate.  In the event that documents have not been received by the date specified in the Seller’s Officer’s Certificate, a subsequent Seller’s Officer’s Certificate shall be delivered by such date specified in the prior Seller’s Officer’s Certificate, stating a revised date for receipt of documentation.  The Seller shall include with each Seller’s Officer’s Certificate a listing of all delayed recorded documents.  The procedure shall be repeated until the documents have been received and delivered. The Seller shall use its best efforts to effect delivery of all delayed recorded documents within 180 days of the related Closing Date.  If delivery of all Mortgage Loan Documents with respect to any Mortgage Loan is not completed within 360 days of the related Closing Date then, at Purchaser’s option, the Seller shall repurchase such Mortgage Loan in such manner set forth in Section 7.03.

 

Any review by the Purchaser or its designee of the Mortgage Files shall in no way alter or reduce the Seller’s obligations hereunder.

 

  

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If the Purchaser or its designee discovers any material defect with respect to any document constituting part of a Mortgage File, the Purchaser shall, or shall cause its designee to, give written specification of such defect to the Seller and the Seller shall cure or repurchase such Mortgage Loan in accordance with Section 7.03.

 

Subsection 6.04  RESPA Notice and Helping Families Notice

 

(a)           Prior to each Servicing Transfer Date, the Seller shall furnish to the applicable Mortgagors notices required under the Real Estate Settlement Procedure Act (“RESPA”) within the time frames required by RESPA.

 

(b)           Within thirty (30) days following the Closing Date in respect of a Mortgage Loan that is not a MERS Mortgage Loan, the Seller shall furnish to the Mortgagor of such Mortgage Loan the notice required by Section 404 of the Helping Families Save Their Homes Act of 2009 (the “Helping Families Act”) in accordance with the provisions of the Helping Families Act.  Within five (5) Business Days following the Closing Date in respect of a MERS Mortgage Loan, the Seller shall notify MERS of the transfer of ownership of such MERS Mortgage Loan.

 

SECTION 7.  Representations, Warranties and Covenants; Remedies for Breach.

 

Subsection 7.01  Representations and Warranties Regarding Individual Mortgage Loans.

 

The Seller hereby represents and warrants to the Purchaser that, as to each Mortgage Loan, as of the related Closing Date or such other date specified herein:

 

(a)           Property Valuation:  Each Mortgage File contains a written appraisal prepared by an appraiser licensed or certified by the applicable governmental body in which the mortgaged property is located and in accordance with the requirements of Title XI of FIRREA.  The appraisal was written, in form and substance, to (i) customary Fannie Mae or Freddie Mac standards for mortgage loans of the same type as such Mortgage Loans and (ii) USPAP standards, and satisfies applicable legal and regulatory requirements. The appraisal was made and signed prior to the final approval of the Mortgage Loan application.  The person performing any property valuation (including an appraiser) received no benefit from, and such person's compensation or flow of business from the originator was not affected by, the approval or disapproval of the Mortgage Loan.  The selection of the person performing the property valuation was made independently of the broker (where applicable) and the originator's loan sales and loan production personnel. The selection of the appraiser met the criteria of Fannie Mae and Freddie Mac for selecting an independent appraiser.

 

(b)           Income/Employment/Assets:  With respect to each Mortgage Loan the originator verified the borrower's income, employment, and assets in accordance with its written Underwriting Guidelines and employed procedures designed to authenticate the documentation supporting such income, employment, and assets. Such verification includes the transcripts received from the Internal Revenue Service pursuant to a filing of IRS Form 4506-T. With respect to each Mortgage Loan, in order to test the reasonableness of the income, the originator used (i) transcripts received from the IRS pursuant to a filing of IRS Form 4506-T (to the extent

 

  

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specified in the Mortgage Loan Schedule) or (ii) public and/or commercially available information acceptable to the Purchaser.

 

(c)           Occupancy:  The originator has given due consideration to factors, including but not limited to, other real estate owned by the borrower, commuting distance to work, appraiser comments and notes, the location of the property and any difference between the mailing address active in the servicing system and the subject property address to evaluate whether the occupancy status of the property as represented by the borrower is reasonable.  All owner occupied properties are occupied by the owner at the time of purchase of the mortgage.

 

(d)           Data:  The information set forth in the related Mortgage Loan Schedule, including any diskette or other related data tapes sent to the Purchaser, is complete, true and correct in all material respects. The information on the Mortgage Loan Schedule and the information provided are consistent with the contents of the originator's records and the Mortgage File.  The Mortgage Loan Schedule contains all of the required fields.  Any seller or builder concession in excess of 6% of the Appraised Value of the Mortgaged Property has been subtracted from the Appraised Value of the Mortgaged Property for purposes of determining the LTV and CLTV. Except for information specified to be as of the origination date of the Mortgage Loan, the Mortgage Loan Schedule contains the most current information possessed by the Seller.  No appraisal or other property valuation referred to or used to determine any data listed on the Mortgage Loan Schedule was more than 4 months old at the time of the Mortgage Loan closing.

 

(e)           Fraud:   No fraud, error, omission, misrepresentation, negligence or similar occurrence with respect to the Mortgage Loan has taken place on the part of the Mortgagor, the Seller or any other Person, including, without limitation, any appraiser, title company, closing or settlement agent, realtor, builder or developer or any other party involved in the origination or sale of the Mortgage Loan or the sale of the Mortgaged Property, that would impair in any way the rights of the Purchaser in the Mortgage Loan or Mortgaged Property or that violated applicable law.

 

(f)           Underwriting; Collection Practices; Escrow Payments:   Each Mortgage Loan either (i) was underwritten in conformance with the Seller's Underwriting Guidelines in effect at the time of origination without regard to any underwriter discretion or (ii) if not underwritten in conformance with the Seller's guidelines, has reasonable and documented compensating factors. The methodology used in underwriting the extension of credit for the Mortgage Loan includes objective mathematical principles that relate to the relationship between the borrower's income, assets and liabilities and the proposed payment.  With respect to escrow deposits and mortgage escrow accounts, all such payments that are due and payable are in the possession of Seller and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made. All escrow payments have been collected in full compliance with state and federal law. An escrow of funds is not prohibited by applicable law and has been established in an amount sufficient to pay for every item subject to an escrow requirement which remains unpaid and which has been assessed but is not yet due and payable. Except in connection with a modification disclosed on the Mortgage Loan Schedule and contained in the Servicing File, no escrow deposits or escrow payments or other charges or payments due the Seller have been capitalized under the Mortgage or the Mortgage Note. With respect to each Adjustable Rate Mortgage Loan, all mortgage interest rate adjustments and

 

  

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monthly payment adjustments have been made in strict compliance with Customary Servicing Procedures, and, as of the applicable Transfer Date, Seller’s servicing system has been updated to reflect any such adjustments. The Seller executed and delivered any and all notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Interest Rate and the monthly payment adjustments. Any interest required to be paid to the Mortgagor pursuant to state, federal and local law has been properly paid and credited.

 

(g)           Mortgage Insurance:  Except as indicated for pledged asset loans, if a Mortgage Loan has an LTV greater than 80%, the Mortgage Loan has mortgage insurance in accordance with the terms of the Fannie Mae Guide or the Freddie Mac Guide and is insured as to payment defaults by a Primary Mortgage Insurance Policy issued by a Qualified Insurer. All provisions of such Primary Mortgage Insurance Policy have been and are being complied with, such policy is in full force and effect and all premiums due thereunder have been paid. No action, inaction or event has occurred and no state of facts exists that has, or will result in the exclusion from, denial of, or defense to coverage. Any Mortgage Loan subject to a Primary Mortgage Insurance Policy obligates the Mortgagor thereunder to maintain the Primary Mortgage Insurance Policy and to pay all premiums and charges in connection therewith. To the extent a Mortgage Loan is insured under an LPMI policy, the Mortgage Interest Rate for the Mortgage Loan as set forth on the related Mortgage Loan Schedule is net of any such premium.

 

(h)           Regulatory Compliance:  Any and all requirements of any federal, state or local law including, without limitation, usury, truth-in-lending, real estate settlement procedures, consumer credit protection, equal credit opportunity, fair housing, or disclosure laws applicable to the Mortgage Loan have been complied with in all material respects.  No Mortgage Loan is a “high cost” or “covered” loan, as defined by any applicable federal, state or local predatory or abusive lending law, and no Mortgage Loan has a percentage listed under the Indicative Loss Severity Column (the column that appears in the Standard & Poor's Anti-Predatory Lending Law Update Table, included in the then-current Standard & Poor's LEVELS® Glossary of Terms on Appendix E). Any breach of this representation shall be deemed to materially and adversely affect the value of the Mortgage Loan and shall require a repurchase of the affected Mortgage Loan.  No Mortgage Loan secured by property located in the State of Georgia was originated on or after October 1, 2002 and prior to March 7, 2003. No Mortgage Loan originated on or after March 7, 2003 is a “high cost home loan” as defined under the Georgia Fair Lending Act.   No borrower was encouraged or required to select a loan product offered by the Seller that was a higher cost product designed for less-creditworthy borrowers, unless at the time of the Mortgage Loan's origination, such borrower did not qualify, taking into account credit history and debt-to-income ratios, for a lower cost credit product then offered by the Seller or any affiliate of the Seller.   There does not exist on the related Mortgaged Property any hazardous substances, hazardous wastes or solid wastes, as such terms are defined in the Comprehensive Environmental Response Compensation and Liability Act, the Resource Conservation and Recovery Act of 1976, or other federal, state or local environmental legislation including, without limitation, asbestos.   There is no pending action or proceeding directly involving the Mortgaged Property in which compliance with any environmental law, rule or regulation is an issue; there is no violation of any environmental law, rule or regulation with respect to the Mortgaged Property; and nothing further remains to be done to satisfy in full all requirements of each such law, rule or regulation constituting a prerequisite to use and enjoyment of such Mortgaged Property.  The Seller has complied with all applicable anti-money laundering laws and regulations, including

 

  

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without limitation the USA Patriot Act of 2001 (collectively, the “Anti-Money Laundering Laws”); the Seller has established an anti-money laundering compliance program as required by the Anti-Money Laundering Laws, has conducted the requisite due diligence in connection with the origination of each Mortgage Loan for purposes of the Anti-Money Laundering Laws, including with respect to the legitimacy of the applicable Mortgagor and the origin of the assets used by said Mortgagor to purchase the property in question, and maintains, and will maintain, sufficient information to identify the applicable Mortgagor for purposes of the Anti-Money Laundering Laws. The servicing of each Mortgage Loan prior to the related Closing Date complied in all material respects with the Customary Servicing Procedures and all then-applicable federal, state and local laws.  Any breach of any representations made in this clause (h) shall be deemed to materially and adversely affect the value of the Mortgage Loan and shall require a repurchase of the affected Mortgage Loan.

 

(i)           Borrower: As of the related Closing Date, the Mortgagor is not in bankruptcy and is not insolvent and the Seller has no knowledge of any circumstances or condition with respect to the Mortgage, the Mortgaged Property, the Mortgagor or the Mortgagor's credit standing that could reasonably be expected to cause investors to regard the Mortgage Loan as an unacceptable investment, cause the Mortgage Loan to become delinquent or materially adversely affect the value or marketability of the Mortgage Loan.  Either the Mortgagor is a natural person who is legally permitted to reside in the United States or the Mortgagor is an inter-vivos trust acceptable to Fannie Mae.  No borrower had a prior bankruptcy in the last ten years.  No borrower previously owned a property in the last ten years that was the subject of a foreclosure during the time the borrower was the owner of record.

 

(j)           Source of Loan Payments: No loan payment has been escrowed as part of the loan proceeds on behalf of the borrower.  No payments due and payable under the terms of the Mortgage Note and Mortgage or deed of trust, except for seller or builder concessions, have been paid by any person who was involved in, or benefited from, the sale or purchase of the Mortgaged Property or the origination, refinancing, sale, purchase or servicing of the Mortgage Loan other than the borrower.

 

(k)           Down Payment: The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.

 

(l)           No Prior Liens:  The Seller is the sole owner and holder of the Mortgage Loan and the indebtedness evidenced by the Mortgage Note, and upon recordation the Purchaser or its designee will be the owner of record of the Mortgage and the indebtedness evidenced by the Mortgage Note, and upon the sale of the Mortgage Loan to the Purchaser, the Seller will retain any Mortgage File documents during the Interim Servicing Period in its possession in trust for the Purchaser.   Each sale of the Mortgage Loan from any prior owner or the Seller was in exchange for fair equivalent value, and the prior owner or the Seller, as applicable, was solvent both prior to and after the transfer and had sufficient capital to pay and was able to pay its debts as they would generally mature. Immediately prior to the transfer and assignment to the Purchaser on the related Closing Date, the Mortgage Loan, including the Mortgage Note and the Mortgage, was not subject to an assignment or pledge, and the Seller had good and marketable title to and was the sole owner thereof and had full right to transfer and sell the Mortgage Loan to the Purchaser free and clear of any encumbrance, equity, lien, pledge, charge, claim or

 

  

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security interest. The Seller has the full right and authority subject to no interest or participation of, or agreement with, any other party, to sell and assign the Mortgage Loan pursuant to this Agreement and following the sale of the Mortgage Loan, the Purchaser will own such Mortgage Loan free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest. The Seller intends to relinquish all rights to possess, control and monitor the Mortgage Loan.

 

(m)           Enforceability and Priority of Lien: The related Mortgage is a valid, subsisting, enforceable and perfected first lien on the Mortgaged Property (subject, as to enforceability, to bankruptcy and other creditors rights laws), including all buildings on the Mortgaged Property, and all installations and mechanical, electrical, plumbing, heating and air conditioning systems affixed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing securing the Mortgage Note's original principal balance. The Mortgage and the Mortgage Note do not contain any evidence of any security interest or other interest or right thereto. Such lien is free and clear of all adverse claims, liens and encumbrances having priority over the first lien of the Mortgage subject only to (1) the lien of non-delinquent current real property taxes and assessments not yet due and payable, (2) covenants, conditions and restrictions, rights of way, easements and other matters of the public record as of the date of recording which are acceptable to mortgage lending institutions generally and either (A) which are referred to or otherwise considered in the appraisal made for the Seller, or (B) which do not adversely affect the Appraised Value of the Mortgaged Property as set forth in such appraisal and (3) other matters to which like properties are commonly subject which do not materially interfere with the benefits of the security intended to be provided by the Mortgage or the use, enjoyment, value or marketability of the related Mortgaged Property. Any security agreement, chattel mortgage or equivalent document related to and delivered in connection with the Mortgage Loan establishes and creates a valid, subsisting, enforceable and perfected first lien and first priority security interest on the property described therein (subject, as to enforceability, to bankruptcy and other creditors rights laws), and the Seller has the full right to sell and assign the same to the Purchaser;  There are no mechanics' or similar liens or claims which have been filed for work, labor or material (and no rights are outstanding that under law could give rise to such liens) affecting the related Mortgaged Property which are or may be liens prior to or equal to the lien of the related Mortgage. The related original Mortgage has been recorded or is in the process of being recorded.

 

(n)           Complete Mortgage Files:   The Mortgage Note, the Mortgage, the Assignment of Mortgage and the other Mortgage Loan Documents set forth in Exhibits 1 and 2 and required to be delivered on the related Closing Date have been delivered to the Purchaser or its designee in compliance with the specific requirements of this Agreement and the PPTL for the related Mortgage Loan Package. With respect to each Mortgage Loan, the Seller is in possession of a complete Mortgage File including all documents used in the qualification of the borrower except for such documents as have been delivered to the Purchaser or its designee.  In the event the Mortgage is a deed of trust, a trustee, authorized and duly qualified under applicable law to serve as such, has been properly designated, is named in the Mortgage and currently so serves, and no fees or expenses are or will become payable by the Purchaser to the trustee under the deed of trust, except in connection with a trustee's sale after default by the borrower.

 

  

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(o)           No Modifications: The terms of the Mortgage Note and the Mortgage have not been impaired, waived, altered or modified in any material respect, except by a written instrument that, if required by applicable law, has been recorded or is in the process of being recorded.  The substance of any such waiver, alteration or modification has been approved by the issuer of any related Primary Mortgage Insurance Policy and title insurance policy, to the extent required by such policies, the terms of such waiver, alteration or modification have been reflected in the Mortgage Loan Schedule and the written instrument reflecting such terms has been included in the Mortgage File.  No Mortgagor has been released, in whole or in part, from the terms of the Mortgage Note and the Mortgage, except in connection with an assumption agreement which is part of the Mortgage File and the terms of which are reflected in the related Mortgage Loan Schedule.  The Mortgage and Mortgage Note have not been satisfied, canceled or  subordinated, in whole or in part, or rescinded, and the Mortgaged Property has not been released from the lien of the Mortgage, in whole or in part, nor has any instrument been executed that would effect any such release, cancellation, subordination or rescission. The Seller has not waived the performance by the Mortgagor of any action, if the Mortgagor's failure to perform such action would cause the Mortgage Loan to be in default, nor has the Seller waived any default resulting from any action or inaction by the Mortgagor.

 

(p)           Taxes Paid:  All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid by the borrower, or escrow funds from the borrower have been established in an amount sufficient to pay for every such escrowed item which remains unpaid and which has been assessed but is not yet due and payable.

 

(q)           No Damage/Condemnation:  Each Mortgaged Property is undamaged by waste, vandalism, fire, hurricane, earthquake or earth movement, windstorm, flood, tornado or other casualty adversely affecting the value of a Mortgaged Property or the use for which the premises were intended, and each Mortgaged Property is in substantially the same condition it was at the time the most recent Appraised Value was obtained. There is no proceeding pending or threatened for the total or partial condemnation of any Mortgaged Property.

 

(r)           Fee Simple Estate / No Encroachments / Compliance with Zoning:  The Mortgage creates a first lien or a first priority ownership interest in an estate in fee simple in real property securing the related Mortgage Note.  All improvements subject to the Mortgage which were considered in determining the Appraised Value of the Mortgaged Property lie wholly within the boundaries and building restriction lines of the Mortgaged Property (and wholly within the project with respect to a condominium unit), no improvements on adjoining properties encroach upon the Mortgaged Property except those which are insured against by the title insurance policy referred to in clause (v) below and all improvements on the property comply with all applicable building, zoning and subdivision laws, regulations and ordinances.

 

(s)           Legally Occupied:  As of the related Closing Date, the Mortgaged Property is lawfully occupied under applicable law, and all inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities.

 

  

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(t)           Mortgage Loan Legal and Binding:  The Mortgage Note, the Mortgage and other agreements executed in connection therewith are original and genuine and each is the legal, valid and binding obligation of the maker thereof, enforceable in all respects in accordance with its terms subject to bankruptcy, insolvency, moratorium, reorganization and other laws of general application affecting the rights of creditors and by general equitable principles.  The Seller has taken all action necessary to transfer such rights of enforceability to the Purchaser.  All parties to the Mortgage Note, the Mortgage and other agreements executed in connection therewith, had the legal capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage. The Mortgage Note and the Mortgage have been duly and properly executed by such parties.

 

(u)           Proceeds Fully Disbursed / Recording Fees Paid:  The proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvements and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid or are in the process of being paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage.

 

(v)           Existence of Title Insurance:  Each Mortgage Loan (except any Mortgage Loan secured by a Mortgaged Property located in any jurisdiction as to which an opinion of counsel of the type customarily rendered in such jurisdiction in lieu of title insurance is instead received)  is covered by an ALTA lender's title insurance policy or other form of policy or insurance generally acceptable to Fannie Mae or Freddie Mac, issued by a title insurer acceptable to Fannie Mae or Freddie Mac and qualified to do business in the jurisdiction where the Mortgaged Property is located, insuring the Seller, its successors and assigns, as to the first priority lien of the Mortgage in the original principal amount of the Mortgage Loan.  Additionally, such policy affirmatively insures ingress and egress to and from the Mortgaged Property. Where required by applicable state law or regulation, the Mortgagor has been given the opportunity to choose the carrier of the required mortgage title insurance. The Seller, its successors and assigns, are the sole insureds of such lender's title insurance policy; such title insurance policy has been duly and validly endorsed to the Purchaser or the assignment to the Purchaser of the Seller's interest therein does not require the consent of or notification to the insurer; and such lender's title insurance policy is in full force and effect and will be in full force and effect upon the consummation of the transactions contemplated by this Agreement and the related PPTL. No claims have been made under such lender's title insurance policy, and no prior holder of the related Mortgage, including the Seller, has done, by act or omission, anything which would impair the coverage of such lender's title insurance policy.  The Seller has not provided or received any unlawful fee, commission, kickback, or other compensation or value of any kind in connection with the title insurance policy.

 

(w)           Hazard Insurance:  All buildings or other customarily insured improvements upon the Mortgaged Property are insured by an insurer acceptable under the Fannie Mae Guides, against loss by fire, hazards of extended coverage and such other hazards as are provided for in the Fannie Mae Guides or by the Freddie Mac Guides, in an amount representing coverage not less than the lesser of (i) the maximum insurable value of the improvements securing such Mortgage Loans and (ii) the greater of (a) the outstanding principal balance of the Mortgage

 

  

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Loan and (b) an amount such that the proceeds thereof shall be sufficient to prevent the Mortgagor and/or the Mortgagee from becoming a co-insurer.  If the Mortgaged Property is a condominium unit, it is included under the coverage afforded by a blanket policy for the project. If required by the FDPA, the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and conforming to Fannie Mae and Freddie Mac requirements, in an amount not less than the amount required by the FDPA. Such policy was issued by an insurer acceptable under the Fannie Mae Guides or the Freddie Mac Guides. The Mortgage obligates the Mortgagor thereunder to maintain all such insurance at the Mortgagor's cost and expense, and upon the Mortgagor's failure to do so, authorizes the holder of the Mortgage to maintain such insurance at the Mortgagor's cost and expense and to seek reimbursement therefor from the Mortgagor. All such standard hazard and flood policies are in full force and effect and on the date of origination contained a standard mortgagee clause naming the Seller and its successors in interest and assigns as loss payee; such clause is still in effect and all premiums due on any such policies have been paid in full.  No originator, seller, prior owner of the Mortgage Loan, borrower or any other Person, has engaged in any act or omission that would impair the coverage of any such insurance policy, the benefits of the endorsement provided for therein, or the validity and binding effect of either, including, without limitation, the provision or receipt of any unlawful fee, commission, kickback, or other compensation or value of any kind. No action, inaction, or event has occurred and no state of facts exists or has existed that has resulted or will result in the exclusion from, denial of, or defense to coverage under any such insurance policies, regardless of the cause of such failure of coverage.

 

(x)           No Default:  There is no default, breach, violation or event of acceleration existing under the Mortgage or the related Mortgage Note and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event permitting acceleration; and neither the Seller nor any prior mortgagee has waived any default, breach, violation or event permitting acceleration.  No foreclosure action is currently threatened or has been commenced with respect to any Mortgaged Property.

 

(y)           No Rescission:  The Mortgage Note and the Mortgage are not subject to any right of rescission, set-off, counterclaim or defense, including, without limitation, the defense of usury, nor will the operation of any of the terms of the Mortgage Note or the Mortgage, or the exercise of any right thereunder, render the Mortgage Note or Mortgage unenforceable, in whole or in part, or subject to any right of rescission, set-off, counterclaim or defense, including the defense of usury, and no such right of rescission, set-off, counterclaim or defense has been asserted with respect thereto.  The Mortgagor was not a debtor at the time of origination of the Mortgage Loan and is not currently a debtor in any state or federal bankruptcy or insolvency proceeding.

 

(z)           Enforceable Right of Foreclosure: The Mortgage relating to a Mortgaged Property contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for the realization against such Mortgaged Property of the benefits of the security provided thereby. There is no homestead or other exemption available to the Mortgagor which would interfere with the right to sell the Mortgaged Property at a trustee's sale or the right to foreclose on the Mortgage.

 

  

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(aa)           Mortgaged Property is 1-4 Family:  The Mortgaged Property consists of a single parcel of real property with a detached single family residence erected thereon, or a townhouse, or a two-to four-family dwelling, or an individual condominium unit in a condominium project, or an individual unit in a planned unit development or a de minimis planned unit development, provided, however, that no residence or dwelling is a mobile home. As of the date of origination, no portion of the Mortgaged Property was used for commercial purposes, and since the date of origination no portion of the Mortgaged Property has been used for commercial purposes.

 

(bb)           Mortgage Loan Qualifies for REMIC:  Each Mortgage Loan constitutes a qualified mortgage under Section 860G(a)(3)(A) of the Code and Treasury Regulations Section 1.860G-2(a)(l).

 

(cc)           Original Mortgage Notes:   The Seller has delivered to the Purchaser the original Mortgage Note with respect to each Mortgage Loan.

 

(dd)           Doing Business:  All parties which have had any interest in the Mortgage, whether as Mortgagee, assignee, pledgee or otherwise, are (or, during the period in which they held and disposed of such interest, were) (A) in compliance with any and all applicable licensing requirements of the laws of the state wherein the Mortgaged Property is located and (B) (1) organized under the laws of such state, (2) qualified to do business in such state, (3) a federal savings and loan association, a national bank, a Federal Home Loan Bank or a savings bank having principal offices in such state or (4) not doing business in such state.

 

(ee)           Loans Current / Prior Delinquencies:  All payments due on a Mortgage Loan on or prior to the related Closing Date have been made as of the related Closing Date, no Mortgage Loan is Delinquent and no Mortgage Loan has been Delinquent during the preceding twelve-month period; no payment made on such Mortgage Loan has been dishonored; there are no material defaults under the terms of such Mortgage Loan; and neither the Seller nor any other party has advanced funds or induced, solicited or knowingly received any advance of funds from a party other than the owner of the Mortgaged Property subject to the Mortgage, directly or indirectly, for the payment of any amount required by the Mortgage Loan.

 

(ff)            [Reserved]

 

(gg)          Acceleration of Payments:  The Mortgage contains the usual and enforceable provisions of the Seller at the time of origination for the acceleration of the payment of the unpaid principal amount of the Mortgage Loan if the related Mortgaged Property is sold without the prior consent of the Mortgagee thereunder.

 

(hh)          [Reserved]

 

(ii)           Leasehold Interest Representation And Warranty:  To the extent the Mortgage Loan is secured by a leasehold interest: (1) the borrower is the owner of a valid and subsisting interest as tenant under the lease and is not in default thereunder, (2) the lease is in full force and effect, and is unmodified, (3) all rents and other charges have been paid when due, (4) the lessor under the lease is not in default, (5) the execution, delivery, and performance of the Mortgage do not require the consent (other than the consents that have been obtained and are in full force and effect) under, and will not violate or cause a default under, the terms of the lease, (6) the lease is

 

  

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assignable or transferable, (7) the term of such lease does not terminate earlier than five years after the maturity date of the Mortgage Note, (8) the lease does not provide for termination of the lease in the event of the borrower's default without written notice to the Mortgagee and a reasonable opportunity to cure the default, (9) the lease permits the mortgaging of the related Mortgaged Property and (10) the lease protects the Mortgagee's interests in the event of a property condemnation.

 

(jj)            Sole Collateral:  As of the related Closing Date, the Mortgage Note is not and has not been secured by any collateral other than the lien of the corresponding Mortgage and the security interest of any applicable security agreement or chattel mortgage referred to in clause (m) above, and such collateral does not serve as security for any other obligation.

 

(kk)           Full Disclosure:  The Mortgagor has received all disclosure materials required by applicable law with respect to the making of fixed rate or adjustable rate mortgage loans, as applicable.

 

(ll)            No Graduated Payments:  The Mortgage Loan does not contain “graduated payment” features, does not have a shared appreciation or other contingent interest feature and does not contain any buydown provisions.

 

(mm)         No Negative Amortization Loans:  The Mortgage Loans have an original term to maturity of not more than 30 years, with interest payable in arrears on the first day of each month. Each Mortgage Note requires a monthly payment which is sufficient to fully amortize the original principal balance over the original term thereof (except in the case of interest only loans) and to pay interest at the related Mortgage Interest Rate. No Mortgage Loan contains terms or provisions which would result in negative amortization.

 

(nn)          Recordable:  As to any Mortgage Loan which is not a MERS Mortgage Loan, the Assignment of Mortgage is in recordable form and is acceptable for recording under the laws of the jurisdiction in which the Mortgaged Property is located.

 

(oo)          Payment Terms:  Payments on the Mortgage Loan commenced no more than sixty (60) days after the funds were disbursed in connection with the Mortgage Loan. The Mortgage Note is payable on the first day of each month in equal monthly installments of principal and interest (if not an interest only loan), with interest calculated and payable in arrears, sufficient to amortize the Mortgage Loan fully by the stated maturity date, over an original term of not more than thirty years from commencement of amortization.

 

(pp)          Condominiums:  If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development), or stock in a cooperative housing corporation, such condominium, cooperative or planned unit development project meets the eligibility requirements of Fannie Mae and Freddie Mac.

 

(qq)          Servicemembers’ Civil Relief Act:  The Mortgagor has not notified the Seller that it is requesting relief under the Servicemembers' Civil Relief Act, and the Seller has no knowledge of any relief requested or allowed to the Mortgagor under the Servicemembers' Civil Relief Act.

 

  

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(rr)            Construction:  As of the related Closing Date, no Mortgage Loan was in construction or rehabilitation status and no trade-in or exchange of a Mortgaged Property has been facilitated.

 

(ss)           Qualified Lender:  The Mortgage Loan was originated by a Mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act, a savings and loan association, a savings bank, a commercial bank, credit union, insurance company or similar institution supervised and examined by a federal or state authority.

 

(tt)            No Ground Leases:  No Mortgaged Property is subject to a ground lease.

 

(uu)          No Additional Fees:  With respect to any broker fees collected and paid on any of the Mortgage Loans, all such fees have been properly assessed to the Mortgagor and no claims will arise as to such fees that are double charged and for which the Mortgagor would be entitled to reimbursement.

 

(vv)          Home Ownership and Equity Protection Act 1994:  None of the Mortgage Loans are subject to the Home Ownership and Equity Protection Act of 1994 or any comparable state law.

 

(ww)         No Single Credit Insurance:  None of the proceeds of the Mortgage Loan were used to finance single premium credit insurance policies.

 

(xx)           Principal Advances:  Any principal advances made to the Mortgagor prior to the related Closing Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee's consolidated interest or by other title evidence acceptable to Fannie Mae and Freddie Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

 

(yy)           Interest Calculation:  Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months.

 

(zz)           No Balloon Loans:  No Mortgage Loan is a balloon loan.

 

(aaa)         MERS Mortgage Loans:  With respect to each MERS Mortgage Loan, a MIN has been assigned by MERS and such MIN is accurately provided on the Mortgage Loan Schedule. The related Assignment of Mortgage to MERS has been duly and properly recorded.   With respect to each MERS Mortgage Loan, the Seller has not received any notice of liens or legal actions with respect to such Mortgage Loan and no such notices have been electronically posted by MERS.

 

(bbb)        Credit Reporting:  With respect to each Mortgage Loan, the Seller has fully and accurately furnished complete information on the related borrower credit files to Equifax,

 

  

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Experian and Trans Union Credit Information in accordance with the Fair Credit Reporting Act and its implementing regulations.

 

(ccc)         Servicing.  The Mortgage Loans have been serviced in accordance with all Applicable Requirements.

 

(ddd)        Loan Type.  No Mortgage Loan is a “pay option ARM,” “pick-a-payment” or similar type of mortgage loan or a home equity revolving line of credit.

 

(eee)         [Reserved]

 

(fff)           Flood Certifications.  Unless otherwise agreed upon by the Seller and the Purchaser, each Mortgage Loan is covered by a life of loan, transferable flood certification contract assignable to the Purchaser.

 

Subsection 7.02  Seller Representations and Covenants.

 

 The Seller hereby represents, warrants and covenants to the Purchaser that, as to itself as of the related Closing Date (or such other date as is specified below):

(a)            It is a banking corporation, duly organized, validly existing, and in good standing under the laws of the State of Illinois and has all licenses necessary to carry on its business as now being conducted and is licensed, qualified and in good standing in the states where each Mortgaged Property is located if the laws of such state require licensing or qualification in order to conduct business of the type conducted by it.  It is an approved seller in good standing of conventional residential mortgage loans for Fannie Mae or Freddie Mac and is a HUD-approved mortgagee under Section 203 of the National Housing Act.  It has corporate power and authority to execute and deliver this Agreement and to perform in accordance herewith; the execution, delivery and performance of this Agreement (including all instruments of transfer to be delivered pursuant to this Agreement) by it and the consummation of the transactions contemplated hereby have been duly and validly authorized.  This Agreement, assuming due authorization, execution and delivery by the Purchaser, evidences the legal, valid, binding and enforceable obligation of it, subject to applicable law except as enforceability may be limited by (i) bankruptcy, insolvency, liquidation, receivership, moratorium, reorganization or other similar laws affecting the enforcement of the rights of creditors and (ii) general principles of equity, whether enforcement is sought in a proceeding in equity or at law.  All requisite corporate action has been taken by it to make this Agreement valid and binding upon it in accordance with the terms of this Agreement.

 

(b)            No consent, approval, authorization or order is required for the transactions contemplated by this Agreement from any court, governmental agency or body, or federal or state regulatory authority having jurisdiction over it or, if required, such consent, approval, authorization or order has been or will, prior to the related Closing Date, be obtained.

 

(c)            The consummation of the transactions contemplated by this Agreement are in its ordinary course of business and will not result in the breach of any term or provision of its

 

  

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articles of association or by-laws or result in the breach of any term or provision of, or conflict with or constitute a default under or result in the acceleration of any obligation under, any agreement, indenture or loan or credit agreement or other instrument to which it or its property is subject, or result in the violation of any law, rule, regulation, order, judgment or decree to which it or its property is subject.

 

(d)            Its transfer, assignment and conveyance of the Mortgage Notes and the Mortgages pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction.

 

(e)            There is no action, suit, proceeding or investigation pending or, to its best knowledge, threatened against it which, either individually or in the aggregate, would result in any material adverse change in its business, operations, financial condition, properties or assets, or in any material impairment of its right or ability to carry on its business substantially as now conducted or which would draw into question the validity of this Agreement or the Mortgage Loans or of any action taken or to be taken in connection with its obligations contemplated herein, or which would materially impair its ability to perform under the terms of this Agreement.

 

(f)             To the best of the Seller’s knowledge, the Seller is not in material default under any agreement, contract, instrument or indenture to which the Seller is a party or by which it (or any of its assets) is bound, which default would have a material adverse effect on the ability of the Seller to perform under this Agreement, nor, to the best of the Seller’s knowledge, has any event occurred which, with the giving of notice, the lapse of time or both, would constitute a default under any such agreement, contract, instrument or indenture and have a material adverse effect on the ability of the Seller to perform its obligations under this Agreement.

 

(g)             It does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Agreement.

 

(h)            As of the Servicing Transfer Date, the Seller has previously serviced and administered the Mortgage Loans in accordance with Customary Servicing Procedures, all applicable federal, state and local laws and the related Mortgage Notes and Mortgages.

 

(i)              It has determined that the disposition of the Mortgage Loans pursuant to this Agreement will be afforded sale treatment for accounting and tax purposes.

 

(j)              It is solvent and the sale of the Mortgage Loans will not cause it to become insolvent.  The sale of the Mortgage Loans is not undertaken with the intent to hinder, delay or defraud any of its creditors.

 

(k)             It has not dealt with any broker, investment banker, agent or other person that may be entitled to any commission or compensation in connection with the sale of the Mortgage Loans.

 

(l)              To the best of the Seller’s knowledge, neither this Agreement nor any statement, report or other agreement, document or instrument furnished or to be furnished pursuant to this

 

  

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Agreement contains any materially untrue statement of fact or omits to state a fact necessary to make the statements contained therein not misleading.

 

(m)            (i)           The Seller covenants that the transfer of servicing of each Mortgage Loan from the Seller to the Servicer shall be complete in all material respects by the related Servicing Transfer Date, and the transfer shall be in accordance with the Servicing Transfer Instructions.

 

  (ii)          Unless otherwise mutually agreed to in writing by the Seller and the Purchaser, if a breach of the covenant described in Subsection 7.02(m)(i) continues for more than five (5) Business Days following the related Transfer Date, the Seller shall be required to repurchase the related Mortgage Loan at the Repurchase Price, and such repurchase shall be accomplished by wire transfer of the amount of the Repurchase Price to an account designated by the Purchaser.

Subsection 7.03  Repurchase; Substitution.

 

(a)           It is understood and agreed that the representations and warranties set forth in Sections 7.01 and 7.02 shall survive the sale of the Mortgage Loans and delivery of the Mortgage File to the Purchaser, or its designee, and shall inure to the benefit of the Purchaser, notwithstanding any restrictive or qualified endorsement on any Mortgage Note or Assignment or the examination, or lack of examination, of any Mortgage Loan Document.  Upon discovery by the Seller or the Purchaser of a breach of any of the foregoing representations and warranties which materially and adversely affects the value of the Mortgage Loans or the interest of the Purchaser in the Mortgage Loans (or which materially and adversely affects the value of a particular Mortgage Loan or the interest of the Purchaser in a particular Mortgage Loan in the case of a representation and warranty relating to such particular Mortgage Loan), the party discovering such breach shall give prompt written notice to the other.  A breach of representations and warranties in Sections 7.01(e) through (p), (r), (t), (v), (w), (x), (y), (z), (aa), (bb), (cc), (ee), (gg), (hh), (jj), (ll), (mm), (nn), (qq), (ss), (uu), (vv), (ww), (xx), (yy), (zz), (aaa), and (bbb)  shall be deemed to materially and adversely affect the value of the related Mortgage Loan or the interest of the Purchaser in any Mortgage Loan.  With respect to the representations and warranties contained in Sections 7.01 and 7.02 that are made to the Seller’s knowledge or to the best of Seller’s knowledge, if it is discovered by either the Seller or the Purchaser that the substance of such representation and warranty is inaccurate and such inaccuracy materially and adversely affects the value of the related Mortgage Loan or the interest of the Purchaser in the related Mortgage Loan, the Purchaser shall be entitled to all the remedies to which it would be entitled for a breach of representation or warranty, including, without limitation, the repurchase requirements contained herein, notwithstanding Seller’s lack of knowledge with respect to the inaccuracy at the time the representation or warranty was made.  The Seller shall have a period of sixty (60) days from the earlier of its discovery or its receipt of notice of any such breach within which to correct or cure such breach; provided, however, that if a Mortgage Loan has been transferred to a REMIC and the breach is with respect to the representation and warranty in Section 7.01(bb), the Seller shall have a period of sixty (60) days from its discovery of such breach within which to cure such breach.  The Seller hereby covenants and agrees that if any such breach is not corrected or cured within such sixty (60) day period, the Seller shall, at the Purchaser’s option, (i) repurchase such Mortgage Loan at the Repurchase Price, (ii) substitute a

 

  

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mortgage loan for the defective Mortgage Loan as provided below or (iii) except for a breach of the representation and warranty in Section 7.01(bb), make an indemnification payment in an amount equal to the reduction in value of such Mortgage Loan as a result of such breach, such payment to be made in the manner set forth above in respect of the Purchase Price of a repurchased Mortgage Loan.  In the event that any such breach shall involve any representation or warranty set forth in Section 7.02, and such breach is not cured within sixty (60) days of the earlier of either discovery by or notice to the Seller of such breach, all Mortgage Loans shall, at the option of the Purchaser, be repurchased by the Seller at the Repurchase Price.  Any such repurchase shall be accomplished by wire transfer of the amount of the Repurchase Price to an account designated by the Purchaser.  If the breach of representation and warranty that gave rise to the obligation to repurchase or substitute a Mortgage Loan pursuant to this Section 7.03(a) was the representation and warranty set forth in clause (e) or (h) of Section 7.01, then the Seller shall pay to the Purchaser, concurrently with and in addition to the remedies provided in this Section 7.03(a), an amount equal to any liability, penalty or expense that was actually incurred and paid out of or on behalf of the Purchaser, and that directly resulted from such breach, or if incurred and paid by the Purchaser thereafter, concurrently with such payment.

 

(b)           If the Seller is required to repurchase any Mortgage Loan pursuant to this Subsection 7.03 as a result of a breach of any of the representations and warranties set forth in Subsection 7.01, the Seller may, with the Purchaser’s prior consent, within two (2) years from the related Closing Date, remove such defective Mortgage Loan from the terms of this Agreement and substitute another mortgage loan for such defective Mortgage Loan, in lieu of repurchasing such defective Mortgage Loan.  Any Substitute Mortgage Loan shall (a) have a principal balance at the time of substitution not in excess of the principal balance of the Deleted Mortgage Loan (the amount of any difference, plus one month’s interest thereon at the Mortgage Loan Remittance Rate borne by the Deleted Mortgage Loan, being paid by the Seller and deemed to be a Principal Prepayment to an account designated by the Purchaser), (b) have a Mortgage Interest Rate not less than, and not more than one percentage point greater than, the Mortgage Interest Rate of the Deleted Mortgage Loan or in the case of an Adjustable Rate Mortgage Loan, have the same index, a margin that is not less than the margin of the Deleted Mortgage Loan and Adjustment Dates that are the same frequency as that of the Deleted Mortgage Loan, (c) have a remaining term to stated maturity not later than, and not more than one year less than, the remaining term to stated maturity of the Deleted Mortgage Loan, (d) be, in the reasonable determination of the Purchaser, of the same type, quality and character (including location of the Mortgaged Property) as the Deleted Mortgage Loan as if the breach had not occurred, (e) have a Loan-to-Value Ratio at origination no greater than that of the Deleted Mortgage Loan, (f) have the same lien priority as that of the Deleted Mortgage Loan and (g) be, in the reasonable determination of the Purchaser, in material compliance with the representations and warranties contained in this Agreement and described in Subsection 7.01 as of the date of substitution.

 

(c)           The Seller shall amend the related Mortgage Loan Schedule to reflect the withdrawal of the Deleted Mortgage Loan from this Agreement and the substitution of such substitute Mortgage Loan therefor.  Upon such amendment, the Purchaser shall review the Mortgage File delivered to it relating to the substitute Mortgage Loan.  The Monthly Payment on a substitute Mortgage Loan due on the Due Date in the month of substitution shall be the

 

  

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property of the Seller and the Monthly Payment on the Deleted Mortgage Loan for which the substitution is made due on such date shall be the property of the Purchaser.

 

(d)            It is understood and agreed that the obligation of the Seller set forth in this Subsection 7.03 to cure, repurchase or substitute for a defective Mortgage Loan, and to indemnify the Purchaser pursuant to Subsection 12.01, constitutes the sole remedies of the Purchaser respecting a breach of the foregoing representations and warranties.  If the Seller fails to repurchase or substitute for a defective Mortgage Loan in accordance with this Subsection 7.03, or fails to cure a defective Mortgage Loan to the Purchaser’s reasonable satisfaction in accordance with this Subsection 7.03, or to indemnify the Purchaser pursuant to Subsection 12.01, that failure shall be an Event of Default and the Purchaser shall be entitled to pursue all available remedies.  No provision of this paragraph shall affect the rights of the Purchaser to terminate this Agreement for cause, as set forth in Subsections 13.01 and 14.01.

 

(e)            Any cause of action against the Seller relating to or arising out of the breach of any representations and warranties made in Subsections 7.01 and 7.02 shall accrue as to any Mortgage Loan upon (i) notice thereof by the Purchaser to the Seller (ii) failure by the Seller to cure such breach or repurchase such Mortgage Loan as specified above, and (iii) demand upon the Seller by the Purchaser for compliance with this Agreement.

 

(f)             In the event that any Mortgage Loan is held by a REMIC, notwithstanding any contrary provision of this Agreement, with respect to any Mortgage Loan that is not in default or as to which no default is imminent, Purchaser may, in connection with any repurchase or substitution of a defective Mortgage Loan pursuant to this Subsection 7.03, require that the Seller deliver, at the Seller’s expense, an Opinion of Counsel to the effect that such repurchase or substitution will not (i) result in the imposition of taxes on “prohibited transactions” of such REMIC (as defined in Section 860F of the Code) or otherwise subject the REMIC to tax, or (ii) cause the REMIC to fail to qualify as a REMIC at any time.

 

(g)            With respect to any Mortgage Loan listed as having mortgage insurance on the Mortgage Loan Schedule, regardless of whether the insurance is borrower paid or lender paid, if the mortgage insurer rejects, denies, or rescinds a claim on the basis of any defect in connection with the origination of the Mortgage Loan or the servicing of the Mortgage Loan prior to the Closing Date (a “mortgage insurer rejection”), other than as a result of the mortgage insurer’s breach of its obligations or as a result of the mortgage insurer's insolvency, the Seller shall either repurchase such Mortgage Loan at the Repurchase Price or pay the Purchaser the amount of such claim within thirty (30) days from the date of such mortgage insurer rejection.

 

(h)            The  parties agree that the  resolution of any controversy or claim arising out of or relating to an obligation or alleged obligation of the Seller to repurchase a Mortgage Loan due to a breach of a representation or warranty contained in Section 7.01 hereof shall be  by Arbitration.

 

If any allegation of a breach of a representation or warranty made in Section 7.01 has not been resolved to the satisfaction of both the Purchaser and the Seller, either party may commence Arbitration to resolve the dispute; provided that a party may commence Arbitration with respect to one or more unresolved allegations only during the months of January, April, July and October, and all matters with respect to which Arbitration has been commenced in any such

 

  

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month shall be heard in a single Arbitration in the immediately following month or as soon as practicable thereafter.  To commence Arbitration, the moving party shall deliver written notice to the other party that it has elected to pursue Arbitration in accordance with this Section 7.03(h), provided that if the Seller has not responded to the Purchaser's notification of a breach of a representation and warranty,  the Purchaser shall not commence Arbitration with respect to that breach before 60 days following such notification in order to provide the Seller with an opportunity to respond to such notification.  Within 10 Business Days after a party has provided notice that it has elected to pursue Arbitration, each party may submit the names of one or more proposed Arbitrators to the other party in writing.  If the parties have not agreed on the selection of an Arbitrator within five Business Days after the first such submission, then the party commencing Arbitration shall, within the next 5 business days, notify the American Arbitration Association in New York, NY and request that it appoint a  single Arbitrator with experience in arbitrating disputes arising in the financial services industry.

 

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

 

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

 

Subsection 7.04  Repurchase of Mortgage Loans With Early Payment Default.

 

If a Monthly Payment becomes Delinquent by one (1) or more scheduled Monthly Payments at any time on or prior to the first day of the third calendar month following the date of origination of the Mortgage Loan (or such other earlier date set forth in the related PPTL), then the Seller, at the Purchaser’s option, shall (a) promptly repurchase the related Mortgage Loan from the Purchaser in accordance with the procedures set forth in Subsection 7.03 hereof, however, any such repurchase shall be made at the Purchase Price, or (b) substitute a mortgage loan acceptable to the Purchaser in accordance with Subsection 7.03 hereof.

 

Subsection 7.05  Purchase Price Protection.

 

With respect to any Mortgage Loan that prepays in full on or prior to the last day of the third full month following the related Closing Date (or such other earlier date set forth in the

 

  

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related PPTL), the Seller shall reimburse the Purchaser an amount equal to the product of (a) the amount by which Purchase Price Percentage paid by the Purchaser to the Seller for such Mortgage Loan exceeds 100% and (b) the outstanding principal balance of the Mortgage Loan as of the Cut-off Date.  Such payment shall be made within thirty (30) days of such payoff.

 

SECTION 8.  Closing.

 

Subsection 8.01  Closing Conditions.

 

The closing for the purchase and sale of each Mortgage Loan Package shall take place on the respective Closing Date.  The closing shall be either by telephone, confirmed by letter or wire as the parties hereto shall agree, or conducted in person, at such place as the parties hereto shall agree.

 

The closing for each Mortgage Loan Package shall be subject to the satisfaction of each of the following conditions:

 

(a)           the Seller shall have delivered to the Purchaser the related Mortgage Loan Schedule and an electronic data file containing information on a loan-level basis;

 

(b)          all of the representations and warranties of the Seller under this Agreement shall be true and correct as of the related Closing Date (or, with respect to Subsection 7.01, such other date specified therein) in all material respects and no default shall have occurred hereunder which, with notice or the passage of time or both, would constitute an Event of Default hereunder;

 

(c)           the Purchaser shall have received from the custodian an initial certification with respect to its receipt of the Mortgage Loan Documents for the related Mortgage Loans;

 

(d)           the Purchaser shall have received originals of the related PPTL executed by the Seller and a funding memorandum setting forth the Purchase Price(s) for the Mortgage Loan Package; and

 

(e)           all other terms and conditions of this Agreement and the related PPTL to be satisfied by the Seller shall have been complied with in all material respects.

 

Upon satisfaction of the foregoing conditions, the Purchaser shall pay to the Seller on such Closing Date the Purchase Price for the related Mortgage Loan Package pursuant to Section 4 of this Agreement.

 

Subsection 8.02  Closing Documents.

 

(a)           On or before the initial Closing Date, the Seller shall submit to the Purchaser fully executed originals of the following documents:

 

 (i)           this Agreement, in four counterparts;

  

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(ii)           if requested by the Purchaser, a letter confirming the account name and number of the Custodial Account in a form to be provided by the Purchaser;

 

(iii)         if requested by the Purchaser, a letter confirming the account name and number of the Escrow Account in a form to be provided by the Purchaser; and

(b)         On or before each Closing Date, the Seller shall submit to the Purchaser fully executed originals of the following documents:

 

(i)           the related PPTL;

 

(ii)          the related Mortgage Loan Schedule;

 

(iii)         the Purchaser shall have received from its custodian an initial certification with respect to its receipt of the Mortgage Loan Documents for the related Mortgage Loans;

 

(iv)         a certificate or other evidence of merger or change of name, signed or stamped by the applicable regulatory authority, if any of the Mortgage Loans were acquired by the Seller by merger or acquired or originated by the Seller while conducting business under a name other than its present name, if applicable.

SECTION 9.  [Reserved.]

 

SECTION 10.  Costs.

 

The Seller shall pay any commissions due its salespeople and the legal fees and expenses of its attorneys.  The Purchaser shall pay the customary cost of delivering the Mortgage Files to the Purchaser or its designee, the cost of recording the Assignments of Mortgage and all other costs and expenses incurred in connection with the sale of the Mortgage Loans by the Seller to the Purchaser, including without limitation the Purchaser’s attorneys’ fees.  The Seller shall pay the cost of delivering the Mortgage Loan Documents to the Purchaser or its designee for each related Closing Date.

 

SECTION 11.  Interim Servicing; Servicing Transfer.

 

Subsection 11.01  Temporary Servicing of Mortgage Loans.

 

This Section 11 shall apply during the Interim Servicing Period, but only to the extent that funds collected and received pursuant to any Mortgage Loan during the Interim Servicing Period are payable to the Purchaser.  All funds collected and received pursuant to each Mortgage Loan during the Interim Servicing Period that are payable to the Purchaser shall be applied in accordance with this Section 11 and the Servicing Transfer Instructions.  All payments received in respect of the Mortgage Loans after the Servicing Transfer Date shall be applied in accordance

  

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with the Servicing Transfer Instructions.  The Seller agrees to comply with the Customary Servicing Procedures during the Interim Servicing Period.

 

(a)           The Seller, as an independent contractor, shall service and administer the Mortgage Loans on behalf of the Purchaser from and after the Closing Date through the Servicing Transfer Date in accordance with this Agreement, the Servicing Transfer Instructions, Customary Servicing Procedures and the terms of the Mortgage Notes and Mortgages, and shall have full power and authority, acting alone or through subservicers or agents, to do or cause to be done any and all things in connection with such servicing and administration which the Seller may deem necessary or desirable and consistent with the terms of this Agreement.  The Seller may perform its servicing responsibilities through agents or independent contractors, but shall not thereby be released from any of its responsibilities hereunder.  Notwithstanding anything to the contrary, the Seller may delegate any of its duties under this Agreement to one or more of its affiliates without regard to any of the requirements of this section; provided, however, that the Seller shall not be released from any of its responsibilities hereunder by virtue of such delegation.  The Mortgage Loans may be subserviced by one or more unaffiliated subservicers on behalf of the Seller provided each subservicer is a Fannie Mae approved seller/servicer or a Freddie Mac approved seller/servicer in good standing, and no event has occurred, including but not limited to a change in insurance coverage, that would make it unable to comply with the eligibility for seller/servicers imposed by Fannie Mae or Freddie Mac, or which would require notification to Fannie Mae or Freddie Mac. The Seller shall pay all fees and expenses of the subservicer from its own funds (provided that any such expenditures that would constitute Servicing Advances if made by the Seller hereunder shall be reimbursable to the Seller as Servicing Advances), and the subservicer’s fee shall not exceed the Servicing Fee.

 

(b)           It is further understood and agreed that the interim servicing obligations of the Seller hereunder shall be limited to such servicing and collection activities as are necessary for preserving the Purchaser’s interest in the Mortgage Loans on a temporary basis, and that the servicing of the Mortgage Loans is intended by Seller and Purchaser to be transferred to the Purchaser or its designee on or before the Servicing Transfer Date.  In no event shall the Seller service, or bear any obligation for the servicing of, any Mortgage Loan into any Securitization Transaction, Whole Loan Transfer, or in connection with the reconstitution of any Mortgage Loan.

 

(c)           [Reserved].

 

(d)           The Seller shall be entitled to enter into an agreement with the subservicer for indemnification of the Seller by the subservicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification.

 

(e)           Any subservicing agreement and any other transactions or services relating to the Mortgage Loans involving the subservicer shall be deemed to be between the subservicer and Seller alone, and the Purchaser shall have no obligations, duties or liabilities with respect to the subservicer including no obligation, duty or liability of the Purchaser to pay the subservicer’s fees and expenses.  For purposes of distributions and advances by the Seller pursuant to this Agreement, the Seller shall be deemed to have received a payment on a Mortgage Loan when the subservicer has received such payment.  The Seller shall not make any amendment to any

  

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agreement with a subservicer if such amendment is not consistent with or violates the provisions of this Agreement, or if such amendment could be reasonably expected to be materially adverse to the interests of the Purchaser.

 

(f)           The Seller shall not 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 without the prior written approval of the Purchaser.

 

(g)           [Reserved].

 

(h)           [Reserved].

 

Subsection 11.02  Directions by Purchaser During Interim Servicing Period.

 

During the Interim Servicing Period, in the event that any payment due under any Mortgage Loan is not paid when the same becomes due and payable, or in the event the Mortgagor fails to perform any other covenant or obligation under the Mortgage Loan and such failure continues beyond any applicable grace period, the Seller shall so notify the Purchaser and shall take such action as it is directed by the Purchaser.

 

Subsection 11.03  Collection of Mortgage Loan Payments.

 

Continuously from the date hereof until the earlier of (i) the date on which principal and interest on all Mortgage Loans are paid in full and (ii) the Servicing Transfer Date, the Seller will proceed diligently, in accordance with this Agreement, to collect all payments due under each of the Mortgage Loans when the same shall become due and payable.  Further, the Seller will in accordance with Customary Servicing Procedures ascertain and estimate taxes, assessments, fire and hazard insurance premiums, premiums for Primary Mortgage Insurance Policies, and all other charges that, as provided in any Mortgage, will become due and payable to the end that the installments payable by the Mortgagors will be sufficient to pay such charges as and when they become due and payable.

 

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

 

Subsection 11.04  Establishment of Custodial Account; Deposits in Custodial Account.

 

The Seller 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 Custodial Accounts (collectively, the “Custodial Account”), titled “Cole Taylor Bank, in trust for Redwood Residential Acquisition Corporation as Purchaser of Mortgage Loans and various Mortgagors.”  Such Custodial Account shall be an Eligible

  

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Account established with a commercial bank, a savings bank or a savings and loan association (which may be a depository affiliate of the Seller) which meets the guidelines set forth by Fannie Mae or Freddie Mac as an eligible depository institution for custodial accounts.  The Custodial Account shall not be transferred to any other depository institution without the Purchaser’s approval, which shall not unreasonably be withheld.  In any case, the Custodial Account shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which may be drawn on by the Seller.

 

The Seller shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due on or before the related Cut-off Date):

 

(a)           all payments on account of principal, including Principal Prepayments, on the Mortgage Loans;

 

(b)           all payments on account of interest on the Mortgage Loans adjusted to the related Mortgage Loan Remittance Rate;

 

(c)           all Liquidation Proceeds;

 

(d)           all proceeds received by the Seller under any title insurance policy, hazard insurance policy, Primary Mortgage Insurance Policy or other insurance policy other than proceeds to be held in the Escrow Account and applied to the restoration or repair of the Mortgaged Property or released to the Mortgagor in accordance with Customary Servicing Procedures;

 

(e)           all awards or settlements in respect of condemnation proceedings or eminent domain affecting any Mortgaged Property which are not released to the Mortgagor in accordance with Customary Servicing Procedures;

 

(f)            any amount required to be deposited in the Custodial Account pursuant to Subsections 11.15 and 11.19;

 

(g)           any amount required to be deposited by the Seller in connection with any REO Property pursuant to Subsection 11.13;

 

(h)           all amounts required to be deposited by the Seller in connection with shortfalls in principal amount of Substitute Mortgage Loans pursuant to Subsection 7.03;

 

(i)            with respect to each Full Prepayment and each Partial Prepayment, an amount (to be paid by the Seller out of its own funds) equal to the Prepayment Interest Shortfall; provided, however, that the Seller’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 Seller during such month; and

 

(j)            amounts required to be deposited by the Seller in connection with the deductible clause of any hazard insurance policy.

  

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The foregoing requirements for deposit in the Custodial Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of late payment charges, assumption fees and other ancillary fees need not be deposited by the Seller in the Custodial Account.

 

The funds in the Custodial Account shall remain uninvested.

 

Subsection 11.05  Withdrawals From the Custodial Account.

 

The Seller shall, from time to time during the Interim Servicing Period, withdraw funds from the Custodial Account for the following purposes:

 

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

 

(b)           [reserved];

 

(c)           to reimburse itself for any unpaid Servicing Fees and for unreimbursed Servicing Advances, the Seller’s right to reimburse itself 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 Seller from the related Mortgagor or otherwise relating to the Mortgage Loan, it being understood that, in the case of any such reimbursement, the Seller’s right thereto shall be prior to the rights of the Purchaser unless the Seller is required to repurchase a Mortgage Loan pursuant to Subsection 7.03, or the Seller is required to pay the Prepayment Interest Shortfall pursuant to Subsection 11.15, in which case the Seller’s right to such reimbursement shall be subsequent to the payment to the Purchaser of the related Repurchase Price pursuant to Subsection 7.03, and all other amounts required to be paid to the Purchaser with respect to such Mortgage Loan;

 

(d)           to reimburse itself for unreimbursed Servicing Advances, to the extent that such amounts are nonrecoverable (as certified by the Seller to the Purchaser in an Officer’s Certificate) by the Seller pursuant to subclause (c) above, provided that the Mortgage Loan for which such advances were made is not required to be repurchased by the Seller pursuant to Subsection 7.03;

 

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

 

(f)            [reserved];

 

(g)           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;

 

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

 

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

  

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

 

Subsection 11.06  Establishment of Escrow Account; Deposits in Escrow Account.

 

The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan which constitute Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts (collectively, the “Escrow Account”), titled “Cole Taylor Bank, in trust for Redwood Residential Acquisition Corporation as Purchaser of Mortgage Loans and various Mortgagors.”  The Escrow Account shall be an Eligible Account established with a commercial bank, a savings bank or a savings and loan association (which may be a depository affiliate of Seller), which meets the guidelines set forth by Fannie Mae or Freddie Mac as an eligible institution for escrow accounts.  The Escrow Account shall not be transferred to any other depository institution without the Purchaser’s approval, which shall not unreasonably be withheld.  In any case, the Escrow Account shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which may be drawn on by the Seller.

 

The Seller shall deposit in the Escrow Account on a daily basis, and retain therein: (a) all Escrow Payments collected on account of the Mortgage Loans, for the purpose of effecting timely payment of any such items as required under the terms of this Agreement and (b) all amounts representing proceeds of any hazard insurance policy which are to be applied to the restoration or repair of any Mortgaged Property.  The Seller shall make withdrawals therefrom only in accordance with Subsection 11.07 hereof.  As part of its interim servicing duties, the Seller shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law.

 

Subsection 11.07  Withdrawals From Escrow Account.

 

Withdrawals from the Escrow Account shall be made by the Seller only (a) to effect timely payments of ground rents, taxes, assessments, premiums for Primary Mortgage Insurance Policies, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage, (b) to reimburse the Seller for any Servicing Advance made by Seller pursuant to Subsection 11.08 hereof with respect to a related Mortgage Loan, (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan, (d) for transfer to the Custodial Account upon default of a Mortgagor or in accordance with the terms of the related Mortgage Loan and if permitted by applicable law, (e) for application to restore or repair of the Mortgaged Property, (f) to pay to the Mortgagor, to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the Mortgagor), (h) to the extent permitted under the terms of the related Mortgage Note and applicable law, to pay late fees with respect to any Monthly Payment which is received after the applicable grace period, (i) to withdraw suspense payments that are deposited into the

  

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Escrow Account, (j) to withdraw any amounts inadvertently deposited in the Escrow Account or (k) to clear and terminate the Escrow Account upon the termination of this Agreement.

 

Subsection 11.08  Payment of Taxes, Insurance and Other Charges; Collections Thereunder.

 

With respect to each Mortgage Loan, the Seller shall maintain accurate records reflecting the status of ground rents, taxes, assessments and other charges which are or may become a lien upon the Mortgaged Property and the status of premiums for Primary Mortgage Insurance Policies and fire and hazard insurance coverage and shall obtain, from time to time, all bills for the payment of such charges (including renewal premiums) and shall effect payment thereof prior to the applicable penalty or termination date and at a time appropriate for securing maximum discounts allowable, employing for such purpose deposits of the Mortgagor in the Escrow Account which shall have been estimated and accumulated by the Seller in amounts sufficient for such purposes, as allowed under the terms of the Mortgage.  To the extent that a Mortgage does not provide for Escrow Payments, the Seller shall determine that any such payments are made by the Mortgagor.  The Seller assumes full responsibility for the timely payment of all such bills and shall effect timely payments of all such bills irrespective of each Mortgagor’s faithful performance in the payment of same or the making of the Escrow Payments and shall make Servicing Advances to effect such payments, subject to its ability to recover such Servicing Advances pursuant to Subsections 11.05(c), 11.05(d) and 11.07(b).  No costs incurred by the Seller or subservicers in effecting the payment of ground rents, taxes, assessments and other charges on the Mortgaged Properties or mortgage or hazard insurance premiums shall, for the purpose of calculating remittances to the Purchaser, be added to the amount owing under the related Mortgage Loans, notwithstanding that the terms of such Mortgage Loans so permit.

 

Subsection 11.09  Transfer of Accounts.

 

The Seller may, with Purchaser's approval which shall not be unreasonably withheld, transfer the Custodial Account or the Escrow Account to an Eligible Account at a different depository institution.

 

Subsection 11.10  Maintenance of Hazard Insurance.

 

The Seller shall cause to be maintained for each Mortgage Loan fire and hazard insurance with extended coverage customary in the area where the Mortgaged Property is located by an insurer acceptable to Fannie Mae or Freddie Mac and FHA or VA, as applicable, in an amount which is at least equal to the lesser of (a) the full insurable value of the Mortgaged Property or (b) the greater of (i) the outstanding principal balance owing on the Mortgage Loan and (ii) an amount such that the proceeds of such insurance shall be sufficient to avoid the application to the Mortgagor or loss payee of any coinsurance clause under the policy.  If the Mortgaged Property is in an area identified in the Federal Register by the Federal Emergency Management Agency as a special flood hazard area (and such flood insurance has been made available) the Seller will cause to be maintained a flood insurance policy meeting the requirements of the National Flood Insurance Program, in an amount representing coverage not less than the lesser of (A) the

  

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minimum amount required under the terms of the coverage to compensate for any damage or loss to the Mortgaged Property on a replacement-cost basis (or the outstanding principal balance of the Mortgage Loan if replacement-cost basis is not available) or (B) the maximum amount of insurance available under the National Flood Insurance Program.  The Seller shall also maintain on REO Property fire and hazard insurance with extended coverage in an amount which is at least equal to the maximum insurable value of the improvements which are a part of such property, liability insurance and, to the extent required and available under the National Flood Insurance Program, flood insurance in an amount required above.  Any amounts collected by the Seller under any such policies (other than amounts to be deposited in the Escrow Account and applied to the restoration or repair of the property subject to the related Mortgage or property acquired in liquidation of the Mortgage Loan, or to be released to the Mortgagor in accordance with Customary Servicing Procedures) shall be deposited in the Custodial Account, subject to withdrawal pursuant to Subsection 11.05.  It is understood and agreed that no earthquake or other additional insurance need be required by the Seller of any Mortgagor or maintained on REO Property other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance.  All policies required hereunder shall be endorsed with standard mortgagee clauses with loss payable to the Seller, and shall provide for at least thirty (30) days prior written notice of any cancellation, reduction in amount or material change in coverage to the Seller.  The Seller shall not interfere with the Mortgagor’s freedom of choice in selecting either its insurance carrier or agent; provided, however, that unless otherwise required by the terms of the related Mortgage Note or applicable law, the Seller shall not accept any such insurance policies from insurance companies unless such companies are acceptable to Fannie Mae or Freddie Mac and FHA or VA, as applicable, and are licensed to do business in the state wherein the property subject to the policy is located.

 

The hazard insurance policies for each Mortgage Loan secured by a unit in a condominium development or planned unit development shall be maintained with respect to such Mortgage Loan and the related development in a manner which is consistent with Fannie Mae or Freddie Mac requirements and FHA or VA requirements, as applicable, unless otherwise required by the terms of the related Mortgage Note or applicable law.

 

Subsection 11.11  Maintenance of Primary Mortgage Insurance Policy; Claims.

 

With respect to each Mortgage Loan with a LTV in excess of 80%, the Seller shall promptly, without any cost to the Purchaser, maintain or cause the Mortgagor to maintain in full force and effect a Primary Mortgage Insurance Policy issued by a Qualified Insurer insuring the portion over 78% (or such other  percentage in conformance with then current Fannie Mae requirements) until terminated pursuant to the Homeowners Protection Act of 1988, 12 USC § 4901, et seq. or any other applicable federal, state or local law or regulation.  In the event that such Primary Mortgage Insurance Policy shall be terminated other than as required by law, the Seller shall obtain from another Qualified Insurer a comparable replacement policy, with a total coverage equal to the remaining coverage of such terminated Primary Mortgage Insurance Policy.  If the insurer shall cease to be a Qualified Insurer, the Seller shall obtain from another Qualified Insurer a replacement Primary Mortgage Insurance Policy.  The Servicer shall not take any action which would result in noncoverage under any applicable Primary Mortgage Insurance

  

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Policy of any loss which, but for the actions of the Servicer would have been covered thereunder.  In connection with any assumption or substitution agreement entered into or to be entered into pursuant to Subsection 11.18, the Seller shall promptly notify the insurer under the related Primary Mortgage Insurance Policy, if any, of such assumption or substitution of liability in accordance with the terms of such Primary Mortgage Insurance Policy and shall take all actions which may be required by such insurer as a condition to the continuation of coverage under such Primary Mortgage Insurance Policy. If such Primary Mortgage Insurance Policy is terminated as a result of such assumption or substitution of liability, the Seller shall obtain a replacement Primary Mortgage Insurance Policy as provided above.

 

In connection with its activities as interim servicer, the Seller agrees to prepare and present or to assist the Purchaser in preparing and presenting, on behalf of itself and the Purchaser, claims to the insurer under any Primary Mortgage Insurance Policy in a timely fashion in accordance with the terms of such Primary Mortgage Insurance Policy and, in this regard, to take such action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policy respecting a defaulted Mortgage Loan.  Pursuant to Subsection 11.04, any amounts collected by the Seller under any Primary Mortgage Insurance Policy shall be deposited in the Custodial Account, subject to withdrawal pursuant to Subsection 11.05.

 

Subsection 11.12  Fidelity Bond; Errors and Omissions Insurance.

 

The Seller shall maintain, at its own expense, a blanket Fidelity Bond and an errors and omissions insurance policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans.  These policies must insure the Seller against losses resulting from fraud, theft, errors, omissions, negligence, dishonest or fraudulent acts committed by the Seller’s personnel, any employees of outside firms that provide data processing services for the Seller, and temporary contract employees or student interns.  The Fidelity Bond shall also protect and insure the Seller against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby.  No provision of this Subsection 11.12 requiring such Fidelity Bond and errors and omissions insurance shall diminish or relieve the Seller from its duties and obligations as set forth in this Agreement.  The minimum coverage under any such Fidelity Bond and insurance policy shall be at least equal to the corresponding amounts required by FHA or VA, Fannie Mae in the Fannie Mae Guides or by Freddie Mac in the Freddie Mac Guide, as amended or restated from time to time, as applicable, or in an amount as may be permitted to the Seller by express waiver of FHA or VA and Fannie Mae or Freddie Mac, as applicable.  Upon request of the Purchaser, the Seller shall cause to be delivered to the Purchaser a certified true copy of such Fidelity Bond or a certificate evidencing the same with a statement that the Seller shall endeavor to provide written notice to the Purchaser thirty (30) days prior to modification or any material change.

  

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Subsection 11.13  [Reserved].

 

Subsection 11.14  Servicing Compensation.

 

As compensation for its interim servicing activities hereunder and subject to Subsection 11.15, the Seller shall be entitled to retain the Servicing Fee from interest payments actually collected on the Mortgage Loans.  Additional servicing compensation in the form of assumption fees, late payment charges, fees related to the disposition of REO Property and other ancillary income shall be retained by the Seller to the extent not required to be deposited in the Custodial Account.  The Seller shall be required to pay all expenses incurred by it in connection with its interim servicing activities hereunder and shall not be entitled to reimbursement therefor except as specifically provided for herein.  The Servicing Fee shall not be reduced by the amount of any guarantee fee payable to FHA or VA.

 

Subsection 11.15  Distributions.

 

On each Remittance Date the Seller shall remit by wire transfer of immediately available funds to the account designated in writing by the Purchaser of record on the preceding Record Date all amounts credited to the Custodial Account as of such date, net of charges against or withdrawals from the Custodial Account pursuant to Subsection 11.05(c) through (h).

 

Not later than each Remittance Date, the Seller 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.

 

With respect to any remittance received by the Purchaser after the Business Day on which such payment was due, the Seller shall pay to the Purchaser interest on any such late payment at an annual rate equal to the rate of interest as is publicly announced from time to time at its principal office by Cole Taylor Bank, or its successor, as its prime lending rate, adjusted as of the date of each change, plus two percent (2%), but in no event greater than the maximum amount permitted by applicable law.  Such interest shall be paid by the Seller to the Purchaser on the date such late payment is made and shall cover the period commencing with the Business Day on which such payment was due and ending with the Business Day immediately preceding the Business Day on which such payment is made, both inclusive.  The payment by the Seller of any such interest shall not be deemed an extension of time for payment or a waiver of any Event of Default by the Seller.

 

Subsection 11.16  Statements to the Purchaser.

 

Not later than five (5) days prior to each related Remittance Date, the Seller shall forward to the Purchaser a statement in the form specified and with the information required by the monthly reporting format of the Master Servicer, as provided to the Seller by the Purchaser.

  

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Such statement shall also include information regarding delinquencies on Mortgage Loans, indicating the number and aggregate principal amount of Mortgage Loans which are either one (1), two (2) or three (3) or more months Delinquent.  The Seller shall submit to the Purchaser monthly a liquidation report with respect to each Mortgaged Property sold in a foreclosure sale as of the related Record Date and not previously reported.  The Seller shall also provide such information as set forth above to the Purchaser in electronic form in the Seller’s standard format, a copy of which has been provided by the Seller.

 

In addition, the Seller shall submit to the Purchaser monthly loan-by-loan default information including, without limitation, notes made and retained by the Seller in connection with servicing the defaulted loan, the reasons for the default, updated values of the Mortgaged Property, updated Credit Scores on the Mortgagor and information regarding Servicing Advances made.

 

The Seller shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority, the Mortgagor or to the Purchaser pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby.  In addition, the Seller shall provide the Purchaser with such information concerning the Mortgage Loans as is necessary for such Purchaser to prepare federal income tax returns as the Purchaser may reasonably request from time to time.

 

Subsection 11.17  [Reserved].

 

Subsection 11.18  Assumption Agreements.

 

The Seller will use its best efforts to enforce any “due-on-sale” provision contained in any Mortgage or Mortgage Note; provided that, subject to the Purchaser’s prior approval, the Seller shall permit such assumption if so required in accordance with the terms of the Mortgage or the Mortgage Note.  When the Mortgaged Property has been conveyed by the Mortgagor prior to payment in full of the Mortgage Loan, the Seller will, to the extent it has knowledge of such conveyance, exercise its rights to accelerate the maturity of such Mortgage Loan under the “due-on-sale” clause applicable thereto; provided, however, the Seller will not exercise such rights if prohibited by law from doing so or if the exercise of such rights would impair or threaten to impair any recovery under the related Primary Mortgage Insurance Policy, if any.  In connection with any such assumption, the outstanding principal amount, the Monthly Payment, the Mortgage Interest Rate, the Lifetime Rate Cap (if applicable), the Gross Margin (if applicable), the Initial Rate Cap  (if applicable) or the Periodic Rate Cap (if applicable) of the related Mortgage Note shall not be changed, and the term of the Mortgage Loan will not be increased or decreased.  If an assumption is allowed pursuant to this Subsection 11.18, the Seller with the prior consent of the issuer of the Primary Mortgage Insurance Policy, if any, is authorized to enter into a substitution of liability agreement with the purchaser of the Mortgaged Property pursuant to which the original Mortgagor is released from liability and the purchaser of the Mortgaged Property is substituted as Mortgagor and becomes liable under the Mortgage Note.

  

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Subsection 11.19  [Reserved].

 

Subsection 11.20  Seller Shall Provide Access and Information as Reasonably Required.

 

The Seller shall provide to the Purchaser, and for any Purchaser insured by FDIC or NAIC, the supervisory agents and examiners of FDIC and OTS or NAIC, access to any documentation regarding the Mortgage Loans which may be required by applicable regulations.  Such access shall be afforded without charge, but only upon reasonable advance written request, during normal business hours and at the offices of the Seller.

 

In addition, the Seller shall furnish, promptly following written request by the Purchaser and at the expense of the Purchaser, during the term of this Agreement, such periodic, special or other reports or information, whether or not provided for herein, as shall be necessary, reasonable and appropriate with respect to the purposes of this Agreement and applicable regulations.  All such reports or information shall be provided by and in accordance with all reasonable instructions and directions the Purchaser may require.  The Seller agrees to execute and deliver all such instruments and take all such action as the Purchaser, from time to time, may reasonably request in order to effectuate the purposes and to carry out the terms of this Agreement.

 

Subsection 11.21  [Reserved].

 

Subsection 11.22  [Reserved].

 

Subsection 11.23  Fair Credit Reporting Act.

 

The Seller, in its capacity as interim servicer for each Mortgage Loan, agrees to fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower credit files to Equifax, Experian and Trans Union Credit Information Company (three of the credit repositories), on a monthly basis.

 

Subsection 11.24  Transfer of Servicing to Purchaser.

 

The Seller shall cause all Servicing Rights and obligations with respect to the Mortgage Loans to be transferred to the Purchaser (or such person as the Purchaser may designate) on the Servicing Transfer Date.  The Seller hereby agrees to comply with the Servicing Transfer Instructions attached hereto as Exhibit 4.

 

Subsection 11.25  Payments Received.

 

The Seller shall apply all payments received in respect of the Mortgage Loans during the Interim Servicing Period and after the Transfer Date in accordance with the Servicing Transfer Instructions.

  

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SECTION 12.  The Seller.

 

Subsection 12.01  Indemnification; Third Party Claims.

 

(a)           The Seller agrees to indemnify and hold harmless the Purchaser against any and all claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments, and any other costs, fees and expenses that the Purchaser may sustain in any way related to or resulting from (i) any claim, demand, defense or assertion based on or grounded upon or resulting from, or alleging a breach of a representation or warranty set forth in Sections 7.01 or 7.02 of this Agreement, and without regard to any knowledge qualifier included in any such representation or warranty, (ii) a breach by the Seller of any of its duties or obligations under this Agreement or (iii) any material misstatements or omissions contained in any information provided by the Seller pursuant to Section 32 or any failure by the Seller to comply with Section 32.  This indemnification obligation shall survive the termination of this Agreement or the termination of any party to this Agreement.

 

(b)           The Seller shall immediately notify the Purchaser if a claim is made by a third party with respect to this Agreement or the Mortgage Loans, and the Seller shall assume (with the written consent of the Purchaser) the defense of any such claim and pay all expenses in connection therewith, including counsel fees.  If the Seller has assumed the defense of the Purchaser, the Seller shall provide the Purchaser with a written report of all expenses and advances incurred by the Seller pursuant to this Subsection 12.01 and the Purchaser shall promptly reimburse the Seller for all amounts advanced by it pursuant to the preceding sentence except when the claim in any way relates to or results from anything listed in clauses (i), (ii) or (iii) of Subsection 12.01(a).

 

Subsection 12.02  Merger or Consolidation of the Seller.

 

The Seller will keep in full effect its existence, rights and franchises as an Illinois banking corporation, and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement or any of the Mortgage Loans and to perform its duties under this Agreement.

 

Any Person into which the Seller may be merged or consolidated, or any entity resulting from any merger, conversion or consolidation to which the Seller shall be a party, or any Person succeeding to substantially all of the business of the Seller shall be the successor of the Seller hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

 

Subsection 12.03  Limitation on Liability of the Seller and Others.

 

The duties and obligations of the Seller in its capacity as the interim servicer of the Mortgage Loans shall be determined solely by the express provisions of this Agreement, the Seller as interim servicer shall not be liable except for the performance of such duties and

  

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obligations as are specifically set forth in this Agreement and no implied covenants or obligations shall be read into this Agreement against the Seller as interim servicer.  Neither the Seller nor any of the directors, officers, employees or agents of the Seller shall be under any liability to the Purchaser for any action taken or for refraining from the taking of any action in accordance with Customary Servicing Procedures and otherwise in good faith pursuant to this Agreement or for errors in judgment; provided, however, that this provision shall not protect the Seller as interim servicer against any liability resulting from any breach of any representation or warranty made herein, or from any liability specifically imposed on the Seller as interim servicer herein; and, provided further, that this provision shall not protect the Seller as interim servicer against any liability that would otherwise be imposed by reason of the willful misfeasance, bad faith or gross negligence in the performance of duties or by reason of reckless disregard of the obligations or duties hereunder.  The Seller and any director, officer, employee or agent of the Seller may rely on any document of any kind which it in good faith reasonably believes to be genuine and to have been adopted or signed by the proper authorities respecting any matters arising hereunder.  Subject to the terms of Subsection 12.01, the Seller shall have no obligation to appear with respect to, prosecute or defend any legal action which is not incidental to the Seller’s duty to service the Mortgage Loans in accordance with this Agreement.

 

SECTION 13.    Default.

 

Subsection 13.01  Events of Default.

 

In case one or more of the following Events of Default by the Seller shall occur and be continuing:

 

(a)           any failure by the Seller to remit to the Purchaser any payment required to be made under the terms of this Agreement which continues unremedied for a period of two (2) Business Days;

 

(b)           failure by the Seller to duly observe or perform, in any material respect, any other covenants, obligations or agreements of the Seller as set forth in this Agreement which failure continues unremedied for a period of thirty (30) days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Seller by the Purchaser;

 

(c)           a decree or order of a court or agency or supervisory authority having jurisdiction for the appointment of a conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Seller and such decree or order shall have remained in force, undischarged or unstayed for a period of sixty (60) days;

 

(d)           the Seller shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to the Seller or relating to all or substantially all of the Seller’s property;

  

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(e)           the Seller shall admit in writing its inability to pay its debts as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations; or

 

(f)            the Seller shall cease to be qualified to do business under the laws of any state in which a Mortgaged Property is located, but only to the extent such qualification is necessary to ensure the enforceability of each Mortgage Loan and to perform the Seller’s obligations under this Agreement;

 

then, and in each and every such case, so long as an Event of Default shall not have been remedied, the Purchaser, by notice in writing to the Seller, may, in addition to whatever rights the Purchaser may have at law or equity to damages, including injunctive relief and specific performance, commence termination of all the rights and obligations of the Seller under this Agreement and with respect to the Mortgage Loans and the proceeds thereof.  Upon receipt by the Seller of such written notice from the Purchaser stating that it intends to terminate the Seller as a result of such Event of Default, all authority and power of the Seller under this Agreement, including any compensation due the Seller under this Agreement on and after the effective date of termination, whether with respect to the Mortgage Loans or otherwise, shall pass to and be vested in the successor appointed pursuant to Subsection 14.02.  Promptly following written request from the Purchaser, the Seller shall prepare, execute and deliver to a successor any and all documents and other instruments, place in such successor’s possession all Mortgage Files and do or cause to be done all other acts or things necessary or appropriate to effect the purposes of such notice of termination, including, but not limited to, the transfer and endorsement or assignment of the Mortgage Loans and related documents to the successor at the Seller’s sole expense.  The Seller agrees to cooperate with the Purchaser and such successor in effecting the termination of the Seller’s responsibilities and rights hereunder, including, without limitation, the transfer to such successor for administration by it of all amounts which shall at the time be credited by the Seller to the Custodial Account or Escrow Account or thereafter received with respect to the Mortgage Loans and, if prior to the Servicing Transfer Date, the payment of all costs relating to the transfer of servicing.

 

Subsection 13.02  Waiver of Default.

 

The Purchaser may waive any default by the Seller in the performance of its obligations hereunder and its consequences.  Upon any waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement.  No such waiver shall extend to any subsequent or other default or impair any right consequent thereto except to the extent expressly so waived.

 

SECTION 14.   Termination.

 

Subsection 14.01  Termination.

 

If the Servicing Transfer Date has not occurred, the obligations and responsibilities of the Seller, as interim servicer of the Mortgage Loans, shall terminate upon (a) the distribution to the

  

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Purchaser of the final payment or liquidation with respect to the last Mortgage Loan (or advances of same by the Seller) or (b) the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure with respect to the last Mortgage Loan and the remittance of all funds due hereunder.  Upon written request from the Purchaser in connection with any such termination, the Seller shall prepare, execute and deliver any and all documents and other instruments, place in the Purchaser’s possession all Mortgage Files, and do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans and related documents, or otherwise, at the Purchaser’s sole expense.  The Seller agrees to cooperate with the Purchaser and such successor in effecting the termination of the Seller’s responsibilities and rights hereunder as interim servicer, including, without limitation, the transfer to such successor for administration by it of all cash amounts which shall at the time be credited by the Seller to the Custodial Account or Escrow Account or thereafter received with respect to the Mortgage Loans.

 

Subsection 14.02  Successors to the Seller as Interim Servicer.

 

Prior to the termination of the Seller’s responsibilities and duties under this Agreement pursuant to Subsections 13.01 or 14.01, the Purchaser shall (a) succeed to and assume all of the Seller’s responsibilities, rights, duties and obligations under this Agreement or (b) appoint a successor which shall succeed to all rights and assume all of the responsibilities, duties and liabilities of the Seller under this Agreement upon such termination.  In connection with such appointment and assumption, the Purchaser may make such arrangements for the compensation of such successor out of payments on Mortgage Loans as it and such successor shall agree.  In the event that the Seller’s duties, responsibilities and liabilities under this Agreement shall be terminated pursuant to the aforementioned Subsections, the Seller shall discharge such duties and responsibilities during the period from the date it acquires knowledge of such termination until the effective date thereof with the same degree of diligence and prudence which it is obligated to exercise under this Agreement, and shall take no action whatsoever that might impair or prejudice the rights or financial condition of its successor.  The resignation or removal of the Seller pursuant to the aforementioned Subsections shall not become effective until a successor shall be appointed pursuant to this Subsection and shall in no event relieve the Seller of the representations and warranties made pursuant to Subsections 7.01 and 7.02 and the remedies available to the Purchaser under Subsection 7.03, it being understood and agreed that the provisions of such Subsections 7.01 and 7.02 shall be applicable to the Seller notwithstanding any such resignation or termination of the Seller, or the termination of this Agreement.

 

Any successor appointed as provided herein shall execute, acknowledge and deliver to the Seller and to the Purchaser an instrument accepting such appointment, whereupon such successor shall become fully vested with all the rights, powers, duties, responsibilities, obligations and liabilities of the Seller as interim servicer, with like effect as if originally named as a party to this Agreement.  Any termination or resignation of the Seller or this Agreement pursuant to Subsections 13.01 or 14.01 shall not affect any claims that the Purchaser may have against the Seller based upon facts and circumstances arising prior to any such termination or resignation.

  

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The Seller shall promptly deliver to the successor the funds in the Custodial Account and Escrow Account and all Mortgage Files and related documents and statements held by it hereunder and the Seller shall account for all funds and shall execute and deliver such instruments and do such other things as may reasonably be required to more fully and definitively vest in the successor all such rights, powers, duties, responsibilities, obligations and liabilities of the Seller as servicer of the Mortgage Loans.

 

Upon a successor’s acceptance of appointment as such, the Seller shall notify by mail the Purchaser of such appointment.

 

Subsection 14.03  Termination of Interim Servicing by Purchaser.

 

The Seller shall not be entitled to any compensation related to any termination of its servicing rights and obligations under this Agreement.  The Purchaser may terminate this Agreement without cause and transfer interim servicing to a successor interim servicer at any time.  Upon written request from the Purchaser in connection with any such termination, the Seller shall prepare, execute and deliver, any and all documents and other instruments, and do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans and related documents, or otherwise, and including the delivery to or at the direction of the Purchaser, all contents of the Mortgage Files in the possession of the Seller, at the Purchaser’s sole expense.  The Seller agrees to cooperate with the Purchaser and such successor in effecting the termination of the Seller’s responsibilities and rights hereunder as interim servicer, including, without limitation, the transfer to such successor for administration by it of all cash amounts which shall at the time be credited by the Seller to the Custodial Account or Escrow Account or thereafter received with respect to the Mortgage Loans.

 

SECTION 15.  Notices.

 

All demands, notices and communications hereunder shall be in writing and shall be deemed to have been duly given if mailed, by registered or certified mail, return receipt requested, or, if by other means, when received by the other party at the address as follows:

	 	
(a)

	
if to the Purchaser:

 

Redwood Residential Acquisition Corporation

One Belvedere Place, Suite 360

Mill Valley, CA 94941

Attention:  Loss Mitigation

Phone: (415) 380-3445

Facsimile:  (415) 381-1773

 

with a copy to the General Counsel at the same address

  

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(b)

	
if to the Seller:

 

Cole Taylor Bank

7789 East M-36

Whitmore Lake, MI  48189

Attention: Phil Miller

Phone: (877) 231-8600

Facsimile: (810) 231-9275

 

or such other address as may hereafter be furnished to the other party by like notice. Any such demand, notice or communication hereunder shall be deemed to have been received on the date delivered to or received at the premises of the addressee (as evidenced, in the case of registered or certified mail, by the date noted on the return receipt).

 

SECTION 16.   Severability Clause.

 

Any part, provision, representation or warranty of this Agreement which is prohibited or which is held to be void or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof.  Any part, provision, representation or warranty of this Agreement which is prohibited or unenforceable or is held to be void or unenforceable in any jurisdiction shall be ineffective, as to such jurisdiction, to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction as to any Mortgage Loan shall not invalidate or render unenforceable such provision in any other jurisdiction.  To the extent permitted by applicable law, the parties hereto waive any provision of law which prohibits or renders void or unenforceable any provision hereof.  If the invalidity of any part, provision, representation or warranty of this Agreement shall deprive any party of the economic benefit intended to be conferred by this Agreement, the parties shall negotiate, in good-faith, to develop a structure the economic effect of which is nearly as possible the same as the economic effect of this Agreement without regard to such invalidity.

 

SECTION 17.   No Partnership.

 

Nothing herein contained shall be deemed or construed to create a co-partnership or joint venture between the parties hereto and the services of the Seller shall be rendered as an independent contractor and not as agent for the Purchaser.

 

SECTION 18.   Counterparts.

 

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.

  

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SECTION 19.   Governing Law; Choice of Forum; Waiver of Jury Trial.

 

EXCEPT TO THE EXTENT PREEMPTED BY FEDERAL LAW, THE AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICTS OF LAWS PROVISIONS OF NEW YORK (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW) OR ANY OTHER JURISDICTION.

 

EACH PARTY HERETO KNOWINGLY, INTENTIONALLY AND IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF IN ANY WAY RELATED TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY.

 

Except as to those matters which this Agreement provides shall be submitted to Arbitration, with respect to any claim or action arising hereunder, the parties (a) irrevocably submit to the nonexclusive jurisdiction of the courts of the State of New York and the United States District Court located in the Borough of Manhattan in The City of New York, New York, and appellate courts from any thereof, and (b) irrevocably waive any objection which such party may have at any time to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement brought in any such court, and irrevocably waive any claim that any such suit action or proceeding brought in any such court has been brought in an inconvenient forum.

SECTION 20.   Intention of the Parties.

 

It is the intention of the parties that the Purchaser is purchasing, and the Seller is selling, the Mortgage Loans and not a debt instrument of the Seller or another security.  Accordingly, the parties hereto each intend to treat the transaction for federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans.  The Purchaser shall have the right to review the Mortgage Loans and the related Mortgage Files to determine the characteristics of the Mortgage Loans which shall affect the federal income tax consequences of owning the Mortgage Loans and the Seller shall cooperate with all reasonable requests made by the Purchaser in the course of such review.

 

It is not the intention of the parties that such conveyances be deemed a grant of a security interest in the Mortgage Loans transferred hereunder.  However, in the event that, notwithstanding the intent of the parties, such assets are held to be the property of the Seller or if for any other reason this Agreement is held or deemed to create a security interest in either such assets, then (a) this Agreement shall be a security agreement within the meaning of the Uniform Commercial Code of the State of New York and (b) the conveyances provided for in this Agreement shall be deemed to be a grant by the Seller to the Purchaser of, and the Seller hereby

  

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grants to the Purchaser a security interest in all of the assets transferred hereunder, whether now owned or hereafter acquired.

SECTION 21.   Waivers.

 

No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced.

SECTION 22.   Exhibits.

 

The exhibits to this Agreement are hereby incorporated and made a part hereof and are an integral part of this Agreement.

SECTION 23.   General Interpretive Principles.

 

For purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires:

 

(a)           the terms defined in this Agreement have the meanings assigned to them in this Agreement and include the plural as well as the singular, and the use of any gender herein shall be deemed to include the other gender;

 

(b)           accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles;

 

(c)           references herein to “Articles,” “Sections,” “Subsections,” “Paragraphs” and other subdivisions without reference to a document are to designated Articles, Sections, Subsections, Paragraphs and other subdivisions of this Agreement;

 

(d)           the headings of the various articles, sections, subsections and paragraphs of this Agreement and the table of contents are for convenience of reference only and shall not modify, define, expand or limit any of the terms or provisions hereof;

 

(e)           reference to a Subsection without further reference to a Section is a reference to such Subsection as contained in the same Section in which the reference appears, and this rule shall also apply to Paragraphs and other subdivisions;

 

(f)           the words “herein,” “hereof,” “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular provision; and

 

(g)           the term “include” or “including” shall mean without limitation by reason of enumeration.

  

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SECTION 24.   Reproduction of Documents.

 

This Agreement and all documents relating thereto, including, without limitation (a) consents, waivers and modifications which may hereafter be executed, (b) documents received by any party at the closing and (c) financial statements, certificates and other information previously or hereafter furnished, may be reproduced by any photographic, photostatic, microfilm, micro-card, miniature photographic or other similar process. The parties hereto agree that any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding, whether or not the original is in existence and whether or not such reproduction was made by a party hereto in the regular course of business, and that any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in evidence.

SECTION 25.   Amendment.

 

This Agreement may be amended from time to time by the Purchaser and the Seller by written agreement signed by the parties hereto.

SECTION 26.   Confidentiality.

 

The Purchaser and the Seller shall employ proper procedures and standards designed to maintain the confidential nature of the terms of this Agreement, except to the extent (a) the disclosure of which is reasonably believed by such party to be required in connection with regulatory requirements or other legal requirements relating to its affairs; (b) disclosed to any one or more of such party’s employees, officers, directors, agents, attorneys or accountants who would have access to the contents of this Agreement and such data and information in the normal course of the performance of such person’s duties for such party, to the extent such party has procedures in effect to inform such person of the confidential nature thereof; (c) that is disclosed in a prospectus, prospectus supplement or private placement memorandum relating to a Securitization Transaction of the Mortgage Loans by the Purchaser (or an affiliate assignee thereof) or to any person in connection with the resale or proposed resale of all or a portion of the Mortgage Loans by such party in accordance with the terms of this Agreement; and (d) that is reasonably believed by such party to be necessary for the enforcement of such party’s rights under this Agreement.

SECTION 27.   Entire Agreement.

 

This Agreement constitutes the entire agreement and understanding relating to the subject matter hereof between the parties hereto and any prior oral or written agreements between them shall be deemed to have merged herewith.

  

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SECTION 28.   Further Agreements.

 

The Seller and the Purchaser each agree to execute and deliver to the other such reasonable and appropriate additional documents, instruments or agreements as may be necessary or appropriate to effectuate the purposes of this Agreement.

 

SECTION 29.   Successors and Assigns.

 

This Agreement shall bind and inure to the benefit of and be enforceable by the initial Purchaser and the Seller, and the respective successors and assigns of the Purchaser and the Seller.  The initial Purchaser and any subsequent purchasers may assign this Agreement to any Person to whom any Mortgage Loan is transferred pursuant to a sale or financing without the consent of the Seller.  Upon any such assignment, the Person to whom such assignment is made shall succeed to all rights and obligations of the Purchaser under this Agreement to the extent of the related Mortgage Loan or Mortgage Loans and this Agreement, to the extent of the related Mortgage Loan or Mortgage Loans, shall be deemed to be a separate and distinct agreement between the Seller and such purchaser, and a separate and distinct agreement between the Seller and each other purchaser to the extent of the other related Mortgage Loan or Mortgage Loans.  The Seller shall not assign this Agreement or resign from the obligations and duties hereby imposed on it except by mutual consent of the Seller and the Purchaser.

SECTION 30.   Non-Solicitation.

 

From and after the Closing Date, the Seller and any of its affiliates hereby agrees that it will not take any action or permit or cause any action to be taken by any of its agents or affiliates, or by any independent contractors on its behalf, to personally, by telephone or mail, solicit a Mortgagor under any Mortgage Loan for the purpose of refinancing a Mortgage Loan, in whole or in part, without the prior written consent of the Purchaser.  It is understood and agreed that all rights and benefits relating to the solicitation of any Mortgagors and the attendant rights, title and interest in and to the list of such Mortgagors and data relating to their Mortgages (including insurance renewal dates) shall be transferred to the Purchaser pursuant hereto on the Closing Date and neither the Seller nor any of its respective affiliates shall take any action to undermine these rights and benefits.

Notwithstanding the foregoing, it is understood and agreed that the Seller or any of its respective affiliates may advertise its availability for handling refinancings of mortgages in its portfolio, including the promotion of terms it has available for such refinancings, through the sending of letters or promotional material, so long as it does not specifically target Mortgagors and so long as such promotional material either is sent to the mortgagors for all of the mortgages in the A-quality servicing portfolio of the Seller and any of its affiliates (those it owns as well as those serviced for others) or sent to all of the mortgagors who have specific types of mortgages (such as FHA, VA, conventional fixed-rate or conventional adjustable-rate), or sent to those mortgagors whose mortgages fall within specific interest rate ranges.

  

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Promotions undertaken by the Seller or by any affiliate of the Seller which are directed to the general public at large (including, without limitation, mass mailing based on commercially acquired mailing lists, newspaper, radio and television advertisements), shall not constitute solicitation under this Section 30.

SECTION 31.  Protection of Consumer Information.

 

Each party agrees that it (i) shall comply with any applicable laws and regulations regarding the privacy and security of Consumer Information, (ii) shall not use Consumer Information in any manner inconsistent with any applicable laws and regulations regarding the privacy and security of Consumer Information, (iii) shall not disclose Consumer Information to third parties except at the specific written direction of the Seller, (iv) shall maintain adequate physical, technical and administrative safeguards to protect Consumer Information from unauthorized access and (v) shall immediately notify the Seller of any actual or suspected breach of the confidentiality of Consumer Information.

 

SECTION 32.  Cooperation of the Seller with a Reconstitution; Regulation AB Compliance.

 

(a)           The Seller acknowledges and the Purchaser agrees that with respect to some or all of the Mortgage Loans, the Purchaser may effect either:

 

(1)           one or more Whole Loan Transfers; and

 

(2)           one or more Securitization Transactions.

 

(b)           The Seller shall cooperate with the Purchaser and any prospective purchaser in connection with any Whole Loan Transfer contemplated by the Purchaser pursuant to this Section.  In connection therewith, the Purchaser shall deliver any Reconstitution Agreement or other document related to the Whole Loan Transfer to the Seller at least fifteen (15) days prior to such transfer and the Seller shall execute any Reconstitution Agreement that restates the representations and warranties contained in Subsection 7.01 as of the related Closing Date and Subsection 7.02 herein as of the Reconstitution Date.  Any prospective assignees of the Purchaser who have entered into a commitment to purchase any of the Mortgage Loans in a Whole Loan Transfer may review the Seller’s servicing and origination operations, upon reasonable prior notice to the Seller, and the Seller shall cooperate with such review and underwriting to the extent such prospective assignees request information or documents that are available and can be produced without unreasonable expense or effort.  Subject to any applicable laws, the Seller shall make the Mortgage Files related to the Mortgage Loans held by the Seller during the Interim Servicing Period available at the Seller’s principal operations center for review by any such prospective assignees during normal business hours upon reasonable prior notice to the Seller (in no event fewer than five (5) Business Days’ prior notice).  The Seller may, in its sole discretion, require that such prospective assignees sign a confidentiality agreement with respect to such information disclosed to the prospective assignee which is not

  

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available to the public at large and a release agreement with respect to its activities on the Seller’s premises.  The Purchaser hereby agrees to reimburse the Seller for reasonable “out-of-pocket” expenses incurred by the Seller that relate to such Whole Loan Transfer, including without limitation reimbursement for the amount which reasonably reflects time and effort expended by the Seller in connection therewith.

 

(c)           In order to facilitate compliance with Regulation AB promulgated under the Securities Act, the Seller and the Purchaser agree to comply with the provisions of the Regulation AB Compliance Addendum attached hereto as Addendum I.

 

(d)           The Seller shall cooperate with the Purchaser in connection with any Securitization Transaction contemplated by the Purchaser pursuant to this Section.  In connection therewith, the Purchaser shall deliver any Reconstitution Agreement or other document related to the Securitization Transaction to the Seller at least fifteen (15) days prior to the closing of such Securitization Transaction and the Seller shall execute any Reconstitution Agreement that restates the representations and warranties contained in Subsection 7.01 as of the related Closing Date and Subsection 7.02 herein as of the Reconstitution Date.  The Reconstitution Agreement shall include such other terms as may be reasonably necessary to effect the Securitization Transaction.  In connection with any Securitization Transaction, the Seller shall not, and shall cause its affiliates not to, as part of the original offering thereof, purchase any of the securities offered in such Securitization Transaction.

 

(e)           In connection with each Securitization Transaction, the Seller shall deliver to the Purchaser and to any Person designated by the Purchaser, (i) such statements and audit letters of certified public accountants pertaining to information provided by the Seller as are customarily delivered by originators such as the Seller in connection with securitization transactions and (ii) opinions of counsel as are customarily delivered by originators and reasonably determined by the Purchaser to be necessary in connection any Securitization Transaction.

 

(f)           Prior to the Servicing Transfer Date, all Mortgage Loans not sold or transferred pursuant to a Whole Loan Transfer or Securitization Transaction shall be subject to this Agreement and shall continue to be serviced in accordance with the terms of this Agreement and with respect thereto this Agreement shall remain in full force and effect.  It is understood and agreed by the Purchaser and the Seller that the right to effectuate such Whole Loan Transfer or Securitization Transaction as contemplated by this Section 32 is limited to the Purchaser.

 

[SIGNATURES ON FOLLOWING PAGE]

  

60

  

 

IN WITNESS WHEREOF, the parties have caused their names to be signed hereto by their respective officers thereunto duly authorized on the date first above written.

 

	  	
REDWOOD RESIDENTIAL ACQUISITION

CORPORATION,

	 	 
	  	
as Purchaser

	  	  
	  	
By:

	
/s/ John Isbrandtsen

	  	
Name:

	
John Isbrandtsen

	  	
Title:

	
Authorized Officer

	  	  
	  	
COLE TAYLOR BANK,

	 	 
	  	
as Seller

	  	  
	  	
By:

	
/s/ William Newman

	  	
Name:

	
William Newman

	  	
Title:

	
Mortgage President

 

[Flow Mortgage Loan Purchase and Sale Agreement, dated August 1, 2011]

  

 

  

 

EXHIBIT 1

 

MORTGAGE LOAN DOCUMENTS

 

With respect to each Mortgage Loan, the Mortgage Loan Documents shall consist of the following:

 

(a)           the original Mortgage Note bearing all intervening endorsements, endorsed in blank and signed in the name of the Seller by an officer thereof;

 

(b)           the original Assignment of Mortgage with assignee’s name left blank;

 

(c)           the original of any guarantee executed in connection with the Mortgage Note;

 

(d)           the original Mortgage with evidence of recording thereon, or if any such mortgage has not been returned from the applicable recording office or has been lost, or if such public recording office retains the original recorded mortgage, a photocopy of such mortgage certified by the Seller to be a true and complete copy of the original recorded mortgage;

 

(e)           the originals of all assumption, modification, consolidation or extension agreements, if any, with evidence of recording thereon;

 

(f)            the originals of all intervening assignments of mortgage with evidence of recording thereon, or if any such intervening assignment of mortgage has not been returned from the applicable recording office or has been lost or if such public recording office retains the original recorded assignments of mortgage, a photocopy of such intervening assignment of mortgage, certified by the Seller to be a true and complete copy of the original recorded intervening assignment of mortgage;

 

(g)           the original mortgagee title insurance policy including an Environmental Protection Agency Endorsement and, with respect to any Adjustable Rate Mortgage Loan, an adjustable-rate endorsement;

 

(h)           the original of any security agreement, chattel mortgage or equivalent document executed in connection with the Mortgage; and

 

(i)            a copy of any applicable power of attorney.

  

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EXHIBIT 2

 

CONTENTS OF EACH MORTGAGE FILE

 

With respect to each Mortgage Loan, the Mortgage File shall include each of the following items, unless otherwise disclosed to the Purchaser on the data tape, which shall be delivered to the Purchaser, with a copy retained by the Seller as necessary:

 

(a)           The Mortgage Loan Documents as listed in Exhibit 1.

 

(b)           Residential loan application.

 

(c)           Mortgage Loan closing statement.

 

(d)           Verification of employment and income, including the executed 4506T if required.

 

(e)           Verification of acceptable evidence of source and amount of down payment.

 

(f)            Credit report on Mortgagor, in a form acceptable to either Fannie Mae or Freddie Mac.

 

(g)           Residential appraisal report.

 

(h)           Photograph of the Mortgaged Property.

 

(i)            Survey of the Mortgaged Property, unless a survey is not required by the title insurer.

 

(j)            Copy of each instrument necessary to complete identification of any exception set forth in the exception schedule in the title policy, i.e., map or plat, restrictions, easements, home owner association declarations, etc.

 

(k)           Copies of all required disclosure statements.

 

(l)            If applicable, termite report, structural engineer’s report, water potability and septic certification.

 

(m)           Sales contract, if applicable.

 

(n)           The Primary Mortgage Insurance policy or certificate of insurance or electronic notation of the existence of such policy, where required pursuant to the Agreement.

 

(o)           Evidence of electronic notation of the hazard insurance policy, and, if required by law, evidence of the flood insurance policy.

 

(p)           Any documentation provided by the Mortgagor or obtained by the Seller in connection with the granting of any underwriting exception.

 

(q)           All other documentation involved in the underwriting or origination of the related Mortgage Loan.

  

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EXHIBIT 3

 

FORM OF Purchase Price and Terms Letter

CLOSING DATE:  ________________________

This Purchase Price and Terms Letter (this “PPTL”), dated as of _______ (the “Closing Date”), provides for the sale by Cole Taylor Bank (the “Seller”) to Redwood Residential Acquisition Corporation (the “Purchaser”), and the purchase by the Purchaser from the Seller, of the first lien residential mortgage loans described on the Mortgage Loan Schedule attached as Schedule I hereto (the “Mortgage Loans”), on a servicing released basis, pursuant to the terms of the Flow Mortgage Loan Purchase and Sale Agreement (the “Flow Purchase and Sale Agreement”), dated as of August 1, 2011, by and between the Purchaser and the Seller.  Capitalized terms that are used herein but are not defined herein shall have the respective meanings set forth in the Flow Purchase and Sale Agreement.

For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Seller does hereby, sell, convey, assign and transfer to Purchaser without recourse, except as provided in the Flow Purchase and Sale Agreement, and on a servicing released basis, all right, title and interest of the Seller in and to each of the Mortgage Loans, including all payments of principal and interest received on the Mortgage Loans after the Cut-off Date, all other unscheduled collections collected in respect of the Mortgage Loans after the Cut-off Date, all proceeds of the foregoing and all documents maintained as part of the related Mortgage Files, subject, however, to the rights of the Seller under the Flow Purchase and Sale Agreement.

The Seller has delivered to the Purchaser or its designee prior to the date hereof the documents with respect to each Mortgage Loan required to be delivered under the Flow Purchase and Sale Agreement.

For purposes of the Mortgage Loans sold pursuant to this PPTL, certain terms shall be as set forth below:

	
Servicer:

	
________________________

	  	  
	
Stated Principal Balance:

	
$_______________________

	  	  
	
Closing Date:

	
  _______________________

	  	  
	
Servicing Transfer Date:

	
  _______________________

	  	  
	
Cut-off Date:

	
  _______________________

	  	  
	
Purchase Price Percentage:

	
  ________%

  

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In WITNESS WHEREOF, the parties hereto, by the hands of their duly authorized officers, execute this PPTL as of the Closing Date referred to above.

	
REDWOOD RESIDENTIAL

ACQUISITION CORPORATION

as Purchaser

	  	
COLE TAYLOR BANK

as Seller

	  	  	  
	
By:

	  	  	
By:

	  
	  	  	  
	
Name:

	  	  	
Name:

	  
	  	  	  
	
Its:

	  	  	
Its:

	  

  

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EXHIBIT 4

 

TRANSFER INSTRUCTIONS

  

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ADDENDUM I

 

REGULATION AB COMPLIANCE ADDENDUM

TO FLOW PURCHASE AND SALE AGREEMENT

 

SECTION 1.  DEFINED TERMS

 

Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Agreement.  The following terms shall have the meanings set forth below, unless the context clearly indicates otherwise:

 

Commission:  The United States Securities and Exchange Commission.

 

Company Information:  As defined in Section 2.04(a).

 

Depositor:  The depositor, as such term is defined in Regulation AB, with respect to any Securitization Transaction.

 

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

 

Master Servicer:  With respect to any Securitization Transaction, the “master servicer,” if any, identified in the related transaction documents.

 

Qualified Correspondent:  Any Person from which the Company purchased Mortgage Loans, provided that this term shall not include the Purchaser or an affiliate of the Purchaser and provided further that the following conditions are satisfied:  (i) such Mortgage Loans were originated pursuant to an agreement between the Company and such Person that contemplated that such Person would underwrite mortgage loans from time to time, for sale to the Company, in accordance with underwriting guidelines designated by the Company (“Designated Guidelines”) or guidelines that do not vary materially from such Designated Guidelines; (ii) such Mortgage Loans were in fact underwritten as described in clause (i) above and were acquired by the Company within 180 days after origination; (iii) either (x) the Designated Guidelines were, at the time such Mortgage Loans were originated, used by the Company in origination of mortgage loans of the same type as the Mortgage Loans for the Company’s own account or (y) the Designated Guidelines were, at the time such Mortgage Loans were underwritten, designated by the Company on a consistent basis for use by lenders in originating mortgage loans to be purchased by the Company; and (iv) the Company employed, at the time such Mortgage Loans were acquired by the Company, pre-purchase or post-purchase quality assurance procedures (which may involve, among other things, review of a sample of mortgage loans purchased during a particular time period or through particular channels) designed to ensure

  

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that Persons from which it purchased mortgage loans properly applied the underwriting criteria designated by the Company.

 

Reconstitution Agreement:  The agreement or agreements entered into by the Company and the Purchaser and/or certain third parties on the Reconstitution Date or Dates with respect to any or all of the Mortgage Loans, in connection with a Whole Loan Transfer or Securitization Transaction.

 

Regulation AB:  Subpart 229.1100 — Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,505, 1,531 (Jan. 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.

 

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

 

Securitization Transaction:  Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly by the Purchaser to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.

 

Servicer:  As defined in Section 2.03(c).

 

Servicing Criteria:  The “servicing criteria” set forth in Item 1122(d) of Regulation AB for which the Company is responsible in its capacity as Servicer as identified on Exhibit B hereto, provided that such Exhibit B may be amended from time to time to reflect changes in Regulation AB.

 

Sponsor:  With respect to any Securitization Transaction, the Person identified in writing to the Company by the Purchaser as sponsor for such Securitization Transaction.

 

Static Pool Information:  Static pool information as described in Item 1l05(a)(l)-(3) and 1105(c) of Regulation AB.

 

Third-Party Originator:  Each Person, other than a Qualified Correspondent, that originated Mortgage Loans acquired by the Company, provided that this term shall not include originators of Mortgage Loans acquired by the Company from the Purchaser or an affiliate of the Purchaser.

 

Whole Loan Transfer:  Any sale or transfer of some or all of the Mortgage Loans (including an Agency Transfer), other than a Securitization Transaction.

  

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SECTION 2.  COMPLIANCE WITH REGULATION AB

 

Subsection 2.01  Intent of the Parties; Reasonableness.

 

The Purchaser and the Company acknowledge and agree that the purpose of this Regulation AB Addendum is to facilitate compliance by the Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission and that the provisions of this Regulation AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof.  Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Company acknowledges that investors in privately offered securities may require that the Purchaser or any Depositor provide comparable disclosure in unregistered offerings.  References in this Regulation AB Addendum to compliance with Regulation AB include provision of comparable disclosure in private offerings.  The Purchaser and the Company also acknowledge and agree that amendments to Regulation AB may become effective during the term of this Agreement and that both parties will use commercially reasonable efforts to comply with such amendments.

 

Neither the Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act).  The Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB.  In connection with any Securitization Transaction, the Company shall cooperate fully with the Purchaser and any Master Servicer to deliver to the Purchaser (including any of its assignees or designees) and one of any Master Servicer or any Depositor (as requested), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Purchaser or any Depositor to permit the Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Company, any Third-Party Originator and the Mortgage Loans reasonably believed by the Purchaser, the Master Servicer or any Depositor to be necessary in order to effect such compliance.

  

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For purposes of this Regulation AB Addendum, the term “Purchaser” shall refer to Redwood Residential Acquisition Corporation and its successors in interest and assigns.  In addition, any notice or request that must be “in writing”  or “written” may be made by electronic mail.

 

Subsection 2.02  Additional Representations and Warranties of the Company.

 

(a)           The Company shall be deemed to represent to the Purchaser, to any Master Servicer and to any Depositor, as of the date on which information is first provided to the Purchaser, any Master Servicer or any Depositor under Section 2.03 that, except as disclosed in writing to the Purchaser, such Master Servicer or such Depositor prior to such date: (i) there are no material legal or governmental proceedings pending (or known to be contemplated) against the Company or any Third-Party Originator; and (ii) there are no affiliations, relationships or transactions relating to the Company or any Third-Party Originator with respect to any Securitization Transaction and any party thereto identified in writing to the Company by the related Depositor of a type described in Item 1119 of Regulation AB.

 

(b)           If so requested in writing by the Purchaser, any Master Servicer or any Depositor on any date following the date on which information is first provided to the Purchaser, any Master Servicer or any Depositor under Section 2.03, the Company shall use its best efforts to confirm in writing within five (5) Business Days, but in no event later than ten (10) Business Days, following such request the accuracy of the representations and warranties set forth in paragraph (a) of this Section or, if any such representation and warranty is not accurate as of the date of such request, provide within five (5) Business Days, but in no event later than ten (10) Business Days, reasonably adequate disclosure of the pertinent facts, in writing, to the requesting party.

 

Subsection 2.03  Information to Be Provided by the Company.

 

In connection with any Securitization Transaction, the Company shall use its best efforts to (i) within five (5) Business Days, but in no event later than ten (10) Business Days, following written request by the Purchaser or any Depositor, provide to the Purchaser and such Depositor (or, as applicable, cause each Third-Party Originator to provide), in writing and in form and substance reasonably satisfactory to the Purchaser and such Depositor, the information and materials specified in paragraphs (a), (b), (c) and (f) of this Section, and (ii) as promptly as practicable following notice to or discovery by the Company, provide to the Purchaser and any Depositor (in writing and in form and substance reasonably satisfactory to the Purchaser and such Depositor) the information specified in paragraph (d) of this Section.

 

(a)           If so requested in writing by the Purchaser or any Depositor, the Company shall provide such information regarding (i) the Company, as originator of the

  

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Mortgage Loans (including as an acquirer of Mortgage Loans from a Qualified Correspondent), or (ii) each Third-Party Originator, as is requested for the purpose of compliance with Items 1103(a)(l), 1105, 1110, 1117 and 1119 of Regulation AB.  Such information shall include, at a minimum:

 

(A)          the originator’s form of organization;

 

(B)           a description of the originator’s origination program and how long the originator has been engaged in originating residential mortgage loans, which description shall include a discussion of the originator’s experience in originating mortgage loans of a similar type as the Mortgage Loans; information regarding the size and composition of the originator’s origination portfolio; and information that may be material, in the good faith judgment of the Purchaser or any Depositor, to an analysis of the performance of the Mortgage Loans, including the originators’ credit-granting or underwriting criteria for mortgage loans of similar type(s) as the Mortgage Loans and such other information as the Purchaser or any Depositor may reasonably request for the purpose of compliance with Item 1110(b)(2) of Regulation AB;

 

(C)          a description of any legal or governmental proceedings pending (or known to be contemplated) against the Company and each Third-Party Originator that would be material to securityholders; and

 

(D)           a description of any affiliation or relationship between the Company, each Third-Party Originator and any of the following parties to a Securitization Transaction, as such parties are identified to the Company by the Purchaser or any Depositor in writing in advance of such Securitization Transaction:

 

(1)           the sponsor;

(2)           the depositor;

(3)           the issuing entity;

(4)           any servicer;

(5)           any trustee;

(6)           any originator;

(7)           any significant obligor;

(8)           any enhancement or support provider; and

(9)           any other material transaction party.

(b)           If so requested in writing by the Purchaser or any Depositor, the Company shall provide (or, as applicable, cause each Third-Party Originator to provide) Static Pool Information solely with respect to securitized pools of mortgage loans (of a similar type as the Mortgage Loans, as reasonably identified by the Purchaser as provided below) that were included in securitizations that closed during the five (5) years preceding the closing date of the related Securitization Transaction.  Such Static Pool Information shall be prepared by the Company (or Third-Party Originator) on the basis of its reasonable, good faith interpretation of the requirements of Item 1105(a)(3) of Regulation AB.  To the extent that there is reasonably available to the Company (or Third-Party Originator) Static Pool Information with respect to more than one mortgage loan type, the Purchaser or any

  

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Depositor shall be entitled to specify whether some or all of such information shall be provided pursuant to this paragraph.  The content of such Static Pool Information may be in the form customarily provided by the Company, and need not be customized for the Purchaser or any Depositor.  Such Static Pool Information for each prior securitized pool shall be presented in increments no less frequently than quarterly over the life of the mortgage loans included in such prior securitized pool.  The most recent periodic increment must be as of a date no later than 135 days prior to the date of the prospectus or other offering document in which the Static Pool Information is to be included or incorporated by reference.  The Static Pool Information shall be provided in an electronic format that provides a permanent record of the information provided, such as a portable document format (pdf) file, or other such electronic format reasonably required by the Purchaser or the Depositor, as applicable.

 

Promptly following notice or discovery of a material error in Static Pool Information provided pursuant to the immediately preceding paragraph (including an omission to include therein information required to be provided pursuant to such paragraph) during the applicable offering period for the securities, the Company shall provide corrected Static Pool Information to the Purchaser or any Depositor, as applicable, in the same format in which Static Pool Information was previously provided to such party by the Company.

 

If so requested in writing by the Purchaser or any Depositor, the Company shall provide (or, as applicable, cause each Third-Party Originator to provide), at the expense of the requesting party (to the extent of any additional incremental expense associated with delivery pursuant to this Regulation AB Addendum), such statements and agreed-upon procedures letters of certified public accountants reasonably acceptable to the Purchaser or Depositor, as applicable, pertaining to Static Pool Information relating to securitizations closed on or after January 1, 2006, as the Purchaser or such Depositor shall reasonably request.  Such statements and letters shall be addressed to and be for the benefit of such parties as the Purchaser or such Depositor shall designate, which may include, by way of example, any Sponsor, any Depositor and any broker dealer acting as underwriter, placement agent or initial purchaser with respect to a Securitization Transaction.  Any such statement or letter may take the form of a standard, generally applicable document accompanied by a reliance letter authorizing reliance by the addressees designated by the Purchaser or such Depositor.

 

(c)           For the purpose of satisfying its reporting obligation under the Exchange Act with respect to any class of asset-backed securities, for so long as the Depositor is required to file reports under the Exchange Act with respect to a Securitization Transaction, the Company shall (or shall cause each Third-Party Originator to) (i) provide prompt notice to the Purchaser, any Master Servicer and any Depositor in writing of (A) any litigation or governmental proceedings pending against the Company or any Third-Party Originator that would be material to securityholders

  

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and (B) any affiliations or relationships that develop following the closing date of a Securitization Transaction between the Company or any Third-Party Originator and any of the parties specified in clause (D) of paragraph (a) of this Section (and any other parties identified in writing by the requesting party) with respect to such Securitization Transaction, but only to the extent that such affiliations or relationships do not include the Purchaser, Depositor or any of their respective affiliates as a party, (C) any Event of Default of which it is aware or has received notice under the terms of the Agreement or any Reconstitution Agreement and (D) any merger or consolidation where the Company is not the surviving entity or sale of substantially all of the assets of the Company and (ii) provide to the Purchaser and any Depositor a description of such proceedings, affiliations or relationships.

 

Subsection 2.04  Indemnification; Remedies.

 

The Company shall indemnify the Purchaser, each affiliate of the Purchaser, and each of the following parties participating in a Securitization Transaction: each Sponsor; each issuing entity; each Person (including, but not limited to, any Master Servicer if applicable) responsible for the preparation, execution or filing of any report required to be filed with the Commission with respect to such Securitization Transaction, or for execution of a certification pursuant to Rule 13a-14(d) or Rule 15d-14(d) under the Exchange Act with respect to such Securitization Transaction; each broker dealer acting as underwriter, placement agent or initial purchaser, each Person who controls any of such parties or the Depositor (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act); and the respective present and former directors, officers, employees, agents and affiliates of each of the foregoing and of the Depositor (each, an “Indemnified Party”), and shall hold each of them harmless from and against any claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon:

 

(a)           (A) any untrue statement of a material fact contained or alleged to be contained in any information, report, certification, accountants’ letter or other material provided in written or electronic format under this Article II by or on behalf of the Company, or provided under this Article II by or on behalf of any Third-Party Originator (collectively, the “Company Information”), or (B) the omission or alleged omission to state in the Company Information a material fact required to be stated in the Company Information or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, by way of clarification, that clause (B) of this paragraph shall be construed solely by reference to the Company Information and not to any other information communicated in connection with a sale or purchase of securities, without regard to whether the Company Information or any portion thereof is presented together with or separately from such other information;

 

(b)           any breach by the Company of its obligations under this Article II, including particularly any failure by the Company or any Third-Party Originator to

  

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deliver any information, report, certification, accountants’ letter or other material when and as required under this Article II;

 

(c)           any breach by the Company of a representation or warranty set forth in Section 2.02(a) or in a writing furnished pursuant to Section 2.02(b) and made as of a date prior to the closing date of the related Securitization Transaction, to the extent that such breach is not cured by such closing date, or any breach by the Company of a representation or warranty in a writing furnished pursuant to Section 2.02(b) to the extent made as of a date subsequent to such closing date, or

 

(d)           the negligence, bad faith or willful misconduct of the Company in connection with its performance under this Article II.

 

If the indemnification provided for herein is unavailable or insufficient to hold harmless an Indemnified Party, then the Company agrees that it shall contribute to the amount paid or payable by such Indemnified Party as a result of any claims, losses, damages or liabilities incurred by such Indemnified Party in such proportion as is appropriate to reflect the relative fault of such Indemnified Party on the one hand and the Company on the other.

 

In the case of any failure of performance described in clause (a)(ii) of this Section, the Company shall promptly reimburse the Purchaser, any Depositor, as applicable, and each Person responsible for the preparation, execution or filing of any report required to be filed with the Commission with respect to such Securitization Transaction, or for execution of a certification pursuant to Rule 13a-14(d) or Rule 15d-14(d) under the Exchange Act with respect to such Securitization Transaction, for all costs reasonably incurred by each such party in order to obtain the information, report, certification, accountants’ letter or other material not delivered as required by the Company or any Third-Party Originator.

 

(e)           This indemnification shall survive the termination of the Agreement or the termination of any party to the Agreement.

 

Subsection 2.05  Third-party Beneficiary.

 

For purposes of this Regulation AB Addendum and any related provisions thereto, each Master Servicer shall be considered a third-party beneficiary of the Agreement, entitled to all the rights and benefits hereof as if it were a direct party to the Agreement.

  

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